The Sun.
London, England, 1845-11-14 00:00:00

COURT CIRCULAR.

WINDSOR, THURSDAY—The Queen and Prince Albeit
walked for some time this morning, previous to the Prince
leaving the Castle to hunt with his harriers. The. Princess
Augustus and Leopold of Saxe Cobourg accompanied his
Royal Highness, and Mr. Anson, Lieut.-Colonel Wylde,
and le Baron de Freiberg, attended.
Her Majesty and her Royal Highness the Princess Augus-
tus of Saxe Cobourg rode out in a pony phaeton, to sae
the hunt, ab ut noon, followed in a pony landau by Lady
Portman, Lady in Waiting; Hon. Miss Stanley, Maid of
Honour in Waiting ; and Madame Angelet, Lady in Wait-
ing to the Princess Augustus. Lord Charles Wellesley was
in attendance on horseback. The whole of the illustrious
party returned at two o'clock. . . . T .

The Duke Ferdinand of Saxe Cobourg visited her Royal
Highness the Duchess of Kent this morning, at Frogmore

House.
The Royal Family were all taken for their usual pony
and walking exercise this morning.
Her Majesty and the Prince Consort walked out in the
afternoon,.as did the Prince and Princess Augustus of Saxe
Cobourg.
The lkarquis of Salisbury and the Right Hon. Sir James
and Lady Graham arrived at the Castle to-clay, on a visit to
the Queen.
Prince Albert honoured Mr. Lane, a manufacturer of Bir-
mingham, accompanied by Mr. Muntz and Mr. Spooner, the
Members for the borough, with an audience this day, when
the former submitted a pair of fnagnificent pole screens for
presentation to the Queen, and a sumptuous chess-table, as a
present to his Royal flighness. These articles are of a com-
pletely new manufacture, being composed partly of papier
mache, partly of mother-of-pearl, and partly of glass. A
patent has been taken out for the manufacture, no specimen
having yet been offered to the public. The Prince made a
minute examination, and inquired into the mode of manufac-
ture. Specimens of the invention in all its various stages
were produced. His Royal Highness was graciously pleased
to express great satisfaction, and condescendingly accepted
the screens on the part of her Majesty, and the chess-table
presented to himself.
Mr. Muntz, M.P., Mr. Spooner, M.P.,and Mr. Lane,
after partaking of refreshment at the astle, returned to
town.

The royal dinner party this evening included her Royal
Highness the Duchess of Kent, Lady Anna Maria Dawson,
and Baroness de Speth.
The band of the Second Life Guards attended during
dinner.

Her 'Majesty's private band afterwards attended in the
Castle.

The Duke of Cambridge and Prince George went to Rich-
mond Park yesterday morning on a shooting excursion.
Their Royal Highnesses returned to town in the afternoon.
Mr. Wickham,. Chairman of the Stamps and Taxes, had
an interview with the Chancellor of the Exchequer yester-
day, at his official residence in Downing-street.
Sir James Graham left town for Windsor Castle yesterday
afternoon.

Dispatches from the Governor of Newfoundland were re
ceived yesterday at the Colonial-office.

DRURY-LANE THEATRE.—Nothing is now talked
of in theatrical circles but Wallace's new opera, which will
be produced here to-morrow evening. The composition has
been found to be of so high a character, as to require a great
increase of numbers in the orchestra, which will. therefore,
present a most formidable [appearance. The house will
_be a
complete bumper.
PROBABLE VACANCY IN THE REPRESENTATION OF
CamnnirmE.—The lamented death of Sir John Mortlock
will afford Ministers an opportunity, of which no doubt they
will gladly avail themselves, of shelving Mr. J. H. 'l'. Man-
ners Sutton, by transferring his valuable services from the
Home-office to the Excise ; so that what with his sinecure,
a salary for doing next to nothing, and sundry other odd
pickings from the public purse, our amiable Member may
set himself down quietly for the remainder of his life, con-
sider himself a tolerable fortunate individual, and, like his
friend, the Rev. Mr. Crick, bless his stars that he was
" born a Tory." Some time before the news of Sir John's
death had reached Cambridge, a letter had been received
from Mr. Adair, announcing his intention of visiting Cam-
bridge to pay his respects to his old friends and future con-
stituents. the Hon. Gentleman may, we believe, be ex-
pected about the middle of next week, and we make this
statement that it might be considered that his visit was
entirely owing to the probable vacancy in 'the representa-
tion of Cambridge. 'I he electors will, no doubt, have ample
opportunities of meeting Mr. Adair during his sojourn here,
and, let our election come when it may, he is ready to take
the field.—Cambridge Independent Press.
MILITARY MONUMENT.—At the meeting of the
Edinburgh Town Council on Tuesday, a letter was read, ad-
dressed to the Lord Provost, dated Camp, near Poonab, 13th
Sept., and signed by Captain M'lntyre, 78th Highlanders, on
the part of the commanding officer of that regiment, request-
ing permission to erect a monument in the Assembly-hall of
St. Giles's Church to the memory of the officers, soldiers,
women, and children, of that regiment, who died at Sinde
between the 10th September, 1844, and the 4th March,
1845 (the day of the regiment quitting the country), amount-
ing in all to 29 officers, 496 non-commissioned officers and
soldiers, 47 women, and 124 children—in all, 669 souls. The
sum collected in the regiment for the purpose of erecting the
proposed monument was about 120 guineas. The Council
agreed to the proposed monument being erected in the
Cathedral of St. Gile3, and referred to the Lord Provost's
committee to arrange the details, and see the matter car-
ried out.
SINGULAR FIDELITY OF A DOG.—Yesterday after-
noon some" boys and girls were playing near the canal in
Britannia-fields, when one of them, Emily Seymour, slipped
and fell into the water, and was about sinking for the last
time, when a large Newfoundland dog, the property of Mr.
West, Lower-road, Islington, plunged into the water, and
succeeded in bringing the child safely to shore. At first
she was thought dead, but by the aid of a warm bath, &c.,
she recovered.

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MONEY MARKET and CITY NEWS.

CITY, THURSDAY EVENING.
POST.—The proceedings of the Bank Directors, at th&
weekly meeting held by them to-day,were of a purely passive:
character, so far as the rate of discount demanded by the Cor-
poration was concerned. The minimum of 3i per cent. re-
solved upon this day week was left undisturbed. As a con-
firmation of the fact noticed by us yesterday, that another
advance was apprehended by many persons, we may now
state that, immediately► on its becoming known that no
further action on the circulation of the country would be
taken for the present, a considerable improvement was
realised in the value of the Government securities. Consols
were sold at the price of 96k, nor would they, perhaps, have
stopped at that limit, were it not for the inducement which
the position of the Oregon affair is thought by the Bear party:
to present for the profitable sale of stock. As it wa'h,
the highest quotation of the day was not fully supporte d.
TIMES.—The Committee of Spanish American Bond-
holders have sent the following' communication, receive& by
them, on the subject of the settlement of the Ecuador por-
tion of the Colombian debt :

" 17, Pall-mall, Nov. 4, 1845.

" Sir,—l have the honour to acknowledge the rev, ipt of
~our note of the 25th ult., inquiring whether I haY:e been
instructed by the Government of Ecuador to make 'any fur-
ther proposals for .the arrangement of the proportion of the
Colonibian loans attaching to that State.
"In reply, I beg to inclose herewith a pmposal for ar-
rangement such as my instructions warrant m a to make, and
I shall avail myself of the occasion to offer a few remarks
thereupon.
" The annual revenue of Ecuador is insufficient, and has
been so for some rears, to cover the ordinary expenses of
Government, for which reason the public servants receive but
half their salaries.

" This condition must remain stationary so long as an in—
dustrious population be wanting; for although the number of
inhabitants in Ecuador is nearly equal to that of Venezuela,
a great proportion of the populatioe is composed of Indians,.
non-consumers, whose principle aliment is ground corn, and
whose clothing consists of a coarse rug.
" For the punctual payment of the 1 per cent. per annum
on the Active Debt, the Government, through the Legislative
Chambers, will provide the sum required by a tax on the ex-
portation of cocoa from the province of Guayaquil. I can
positively assert that this payment will be efficiently secured.
To offer anything more would be to hold out expectations
which ceuld not be realized, and this the Government is
most anxious to avoid.

" I feel well assured from my personal knowledge of the
capabilities of the country, that an industrious emigration
would in a few years not only enrich themselves, but also
enable the Government to pay with ease the engagements
contained in the present proposal. There is no climate on
earth better suited for Europeans than that of Ecuador.
" Should the bondholders be disposed to form a coloniza-
tion company, lam ready to furnish them with every par-
ticular necessary with regard to the lands. I shall mention
here that every species of protection will be guaranteed to
the colonists, whose implements and articles of whatever
denomination, imported for objects of agriculture, together
with merchandise for their own consumption, will bo ad-
mitted free of customs' duties for ten years.
"The lands will be sold to the holders of bonds at the rate
of 10s. per acre on the coast and rivers, and 6s. per acre in
the interior.—l have the honour, &c.,

" R. WRIGHT."
" G. R. Robinson, Esq., Chairman of the Committee of South
American Bondholders."
" 1. The Republic of Ecuador recognises 21% per cent. of
the loans contracted for Colombia in the years 1822 and 1824,
and will issue bonds for the amount.
" 2. Separate bonds 'will be issued at par to an'amount
equal to the capital of the Active Debt, for interest, &c.
"3. Ecuador offers, as an arrangement with the bond-
holders, to pay 1 per cent. interest annually for the future on
the Active Debt ; this payment to commence the 30th of
June, 1847,
" 4. Ecuador cannot offer any increase of interest in cash
payments.
"5. The amount of capitalised interest due according to
the 2d article will be payable in lands and all public pro-
perty allotted to this object. No interest can be offered now
on this
_portion of the debt.
"6. Ecuador, desirous of proving its willingness to fulfil
its engagements, and to avoid offering anything but that
which could be punctually performed, proposes—
" 7. That the bondholders should form, or promote, the
formation of, a company of colonization. Should such com-
pany be formed, the Government of Ecuador binds itself to
pay an additional 1 per cent. per annum on the Active Debt
fur every 5,000 colonists sent to the country by such com-
pany, until the interest arrive at 6 per cent.
"8. The holders of bends of the capitalized interest due
as mentioned in article 2, after lands shall have been pur-
chased sufficient for 25,000 colonists, will be entitled to one-
half per cent. per annum on the remainder, this payment to
commence two years after that number of colonists shall have
been sent to Ecuador, and to increase one-half per cent. per
annum every four years following, until it arrives at 3 per
cent., the maximum of interest which can be allowed on these
bones.
" 17, Pall-mall, Nov. 4, 1845. "R. WRIGHT."
Messrs. Baring, Brothers, and Co.,- give their authority
for stating, in reference to the assertion in a letter published
in the Times of this morning, signed "One Well Acquainted
with the River Plate," that Governor Roses had only con-
sented to send'3ool. towards the payment of the interest on the
foreign debt of Buenos Ayress ; that they are now in posses-
sion of above 15,000/., remitted since May, 1844, for account
of the Buenos Ayres Bondholder ; that in the month of May,
1844, the satisfaction of the claims of the French on the
Buenos Ayres Government was completed ; and, in conse-
quence of the representations of M. de Falconnet, who had
been specially sent by Messrs. Baring, Brothers, and Co., to
negotiate with the Government on behalf of the foreign cre-
ditors, the monthly payment of 5,000 dollars, which had pre-
viously been applied to the liquidation of the French claims,
was transferred by Governor Rosas (as the only surplus then
at his command), which transfer was subsequently approved
by the Legislature, to a fuud for the benefit of the foreign
bondholders ; and that this monthly payment has been re-
gularly made up to August last. The September payment,
according to the latest accounts, was about to be remitted.
The annexed letter, describing a case undoutedly belong-
ing to a large class, is entitled to insertion as a better lesson
than any general warning could give on the consequence of
heedlessly embarking in railway projects. We purposely
omit the name of the company adverted to ;
" About six weeks ago I received a letter of allotment in
the
posit, amounting to 1051. Some days after, I was conversing
with one of the directors of this company, when I questioned
him as to whether the whole of the deposits were paid up, or
not. ' Yes,' he replied, 'the deposits upon those shares alloted
to the public (about one-thirdof the whole) have all been paid,
but we (the directors) do not now intend to take up, or pay
upon, a single share.' Why not?' What's the use,' he said;
'the shares are at a discount, and we shall get nothing by so
doing.' And what is to be done with tho money already paid
up ?"Why, pay the whole (and something more) expenses out of
it, and return the remainder.' Now, it does appear to me mon-
strous thatthe exorbitant sums paid to engineers and lawyers,
for advertising, and fiftyother things, should devolve solely upon
a mere handful of out-door scripholders. I have since un-
derstood that not a yard of the ground has been surveyed,
neither was it ever their intention for it to be, nor yet to
bring the scheme before Parliament. This being a bubble
to all intents and purposes, the sooner the &posits are re-
turned the better. To delay doing so from time to time, and
incurring additional expenses unnecessarily, is absolutely
dishonest."
It has long been distinctly foreseen in London, that the
provincial stock-markets in Liverpool, Manchester, Leeds,
Bristol, and other places, must prove a source of consider
able embarrassment at some time or other to this market, and
that prediction is now in a course of fulfilment. A Stock
Exchange, such as that:now existing in the City maybe pro-
nounced a necessary appendage to a great commercial
metropolis, and it has constantly been of great use even to
the mere mercantile interest, in facilitating the instant con-
version to any amount of public securities into money, and
producing public securities, on the other hand, for the invest-
ment of money; while to bankers and capitalists the access
to the jobbers who belong to it has been of a still more im-
portant character. But the London Stock Exchange, while
it facilitated real: business, has also promoted gambling,
and so far has become a great, though not an unmixed evil.
In the great provincial towns these marts for trafficking in
stocks and shares were not at all called for, as real business
could be transacted through any local banker with little
delay, and on as good terms as in London. Hence they
soon degenerated into mere gambling, and were principally
instrumental in fomenting all over the country the fatal
passion for speculating in railways. The evil has thus
spread to a far greater extent than it could otherwise
have done. When prices continued to raise in London,
all went well with them ; but the late reverses have to-
tally paralysed them, and proved them to be destitute of
all real resources This some of the London brokers have
foand to their cost ; for„ having undertaken to do
business in time-bargains for their provincial brethren, who
found themselves " hard up" in their own localities, they
were, as might be anticipated, left in the lurch. There
should be a general agreement among the respectable classes
in the principal towns either to put down this nuisance,
which is enough to corrupt all the morals of the people, or
else to make it subject to such strict regulations as will
wholly deprive it of its gambling or dangerous character.
The head of the Passport-office at Ostend has announced
that in future persons entering Belgium either by that route
or Antwerp, will not be required to produce passports. This
remission, though a partial one, of the odious condition
hitherto imposed on the Continent upon all travellers, will
be received with general satisfaction, especially as it is un-
derstood to have arisen from the difficulty of keeping up the
old regulations now that travelling by 'railway has conic so
much into use, and that hence a further relaxation of it
may be soon looked for.

THE ALLEGED MUTINY ON BOARD THE TORY.—
Mr. Pelham, the solicitor, has been retained to conduct the
defence of the 16 seamen, who are charged with mutiny and
murder on board the Tory, and who stand remanded for a
week. Yesterday Mr. Pelham had a long interview with
his clients in the Westminster Bridewell. He found them
exceedingly cheerful and in high spirits, with the exception
of Gair, who is still labouring under great suffering, from
the effects of repeated discharges of a pistol loaded with
powder in his face. In compliance with the instructions of
the Magistrate, the wounded man was admitted into the
infirmary, and has received the most humane attentions
from Lieut. Tracey and Mr. Lewis, the surgeon of the gaol.
In the course of the day the whole of the prisoners ex-
pressed their gratitude to the governor and surgeon in the
warmest terms, and when Mr. Pelham visited them they
were very much elated. Their statements were taken down
in writing, and were similar to those they made at the police-
court, but more in detail. The men charge the captain with
three murders, and they will be supported in their accusa-
tions, in a great measure, by theyemale passengers who were
witnesses. _ _

HOUSEBREAKING.—Information was yesterday re-
ceived by the police, that on the afternoon of Sunday last
the house of Mr. Abraham Archer, of Ossett, Yorkshire, as
entered between three and four o'clock, while the family were
absent at church, and was robbed of bank notes to the value
of 140/., consisting of six 51. notes of the Yorkshire Banking
Company, nine 5/. notes of the eds Union Bank, eight 5!„
notes of the Leeds Bank, and six 51, notes of the Leeds Bank-
ing Company.
DEATH IN THE BRIXTON HOUSE OF CORRECTION.
—On Thursday Mr. Carter held an inquest in the Brixton
House of Correction upon the body of Francis Welch, a pri-
soner, aged thirteen. The deceased was admitted on the Ist
inst., having been convicted at Southwark Police-court of
tearing his clothing in the Christ Church union, and was
sentenced to seven days imprisonment with hard labour.
Mr. Wintour Harris, the surgeon, proved that the prisoner
was in a low state when he entered. It was found that he
was not capable of working, and was admitted into the in-
firmary. He gradually sank, although every nourishment
was given him, and died on Sunday last of effusion of the
brain. A verdict to that effect was accordingly returned.

RAILWAY ROBBERIES.—The Directors of the
Great Western Railway have added 201. a year to the salary
of Superintendent Collard, in acknowledgment of his exer-
tions and assistance in the cases of Maynard and Garratt, to
the latter of whom more than thirty cases of lost luggage
were traced, being losses within the last six months, and
coming down to a period subsequent to thearrest of Maynard.