The Sun.
London, England, 1828-11-24 00:00:00

fr'br *ll4ll

LONDON,
MONDAY EVENING, NOVEMBER 24, 18z8,

It is with extreme regret we have to announce
that the banking-house of Messrs. FRY and
CHAPMAN stopped payment this morning.
The circumstance has occasioned unusual
sensation in the City, but its effect on the
Funds was not particularly heavy, being only
ago three quarters per cent. Though the
failure of this house will cause same embarrass-

meat to its country connections, it is not appre-
hended-to be attended with any serious result
to public credit generally. Some people,
who see nothing but universal ruin in every trivial
circumstance, are busy in propagating the idea
that a panic, such as occurred in 1826, is at
hand, simply because it is about the same
period of the year I As reasonably might
they forbode that the Thames will be frozen
o'er, and an ox roasted thereon for the gratifi-
cation of the curious, merely because such a
thing happened some winter, sixteen or
eighteen years ago. But the good sense of
the public will soon make false prophets of these
ill-omened birds, though their cry may be still
heard, We understand that the banking-house in
question had been offered large assistance as
late as yesterday by the Society of Friends, of
which they are members ; but that it was re-
fused, because the house found itself soH
much embarrassed as to render it impo-
litic any longer to continue its payißetits,
During the panic the
,same house was greatly
assisted, and it is now-supposed that it never
sufliciz4/ recovered from the shock of that
period. It is said in the City that the alarm
occasioned for a short time was bco great
tlia Ipapy people were eager to reduce their
balances at their bankers? but confidence was
soon restored. Nothing can be inpri. m.s.-
chievous or indiscreet than fOr commer-
cial :nen to give currency to the vague
rumours of idle g,;-oslips by acting upon a
feeling of that kind. The hest vg to
Bopp; p,vblip credit, and with it iinelyi:
Anal responsibility is to pace incryased pop!.
• fidence in the Banking-houses by giving aton
all the countenance in their power. Distrust
ge.lieiT44 berets 13egets that evil which it hoped to
avoid.
Messrs. itifi-' -'isti CHAPMAN'S house
was only one of secondary im"portance gi, -1 its
' . 'if
fijl4-Clf 7.111, therefore, be dig less generally
partners a
The.r . ) 1
, C 1,.7.1 V respectable,
• . i, 1 ~felt.

The Montreal Gazette of the 20th October
yveath er for the last few days has been
says, il;,e
indicative of win4f, ,cold frosty mornings and

evenings. The Papers are up to the 31st, but
contain nothing worthy of extract.

New York Papers, to the sth inst., have been
received by the Canada iu 16 days to Liverpool.
Their contents are chiefly occupied with the elec-
tion of the Pre.sident for the Mexican Union,
and the ,forthcoming election of the President
for the UnitedlStates. It appears, contrary to
all expectation, that the choice of the Mexican
States has fallen upon PEDP.AZA, though the
general feeling was supr ased to be in favour of
GUERRERO. PF.DRAZA was the Minister of
War. His election is ascribed to the gold and
intrigues of the old Spaniards. It is said, in
some ofthe Mexican Papers, that General SANTA
ANNA had interposed, by force of arms, in favour
of GUERRERO'S election, but others make no
mention. of such an affair. A North American
Gentleman, resident in Mexico, in a letter writ-
ten three days previously to the election, re-
marking on the state of the public mind, gives
, the following characteristic account of the re-
spective candidates :

" The candidates are Don Vicente Guerrero, to whom
they give the title of The Hero of the South,' and Don
Cones Pedraza, the present Minister of War, nicknamed
The Second Emperor of Mexico.' Guerrero's party is
said to be composed of the most violent spirits ; they had
no idea of any thing like an opposition in the outset, and
spoke of his election with the greatest confidence; but lat-
terly they have come , out much alarmed, their case being
almost desperate, and have came out with the most violent
accusations you can think of. The sparring between the
Jacksonians and Adams-men is a fool to it, though we, who
are abroad and cool, look upon that as scandalous.
" I have made particular inquiry respecting the merits
and demerits of the two candidates, and have formed and
altered my opinion of them as often as I have consulted
different persons on the subject. From what I can hear
from those who belong to neither party, General Guerrero,
the Yorkino candidate, is a patriot who declared himself
in favour of independence in its infancy, and who stood in
its defence during all its reverses. He is a generous,
good-hearted chieftain,' as the word goes witlr you, ' well
disposed towards ,strangers of all nations.' So far so good.
On the other hand, he is good at "cock-fighting and the
gaming table, and if an intrigue is carried on by one with a
pretty woman, lie is very lenient towards them ; with
these flaws in his character, he has na knowledge of diplo-
macy, arid not one requisite talent for a President.
" Pedraza, the Escoses candidate, is a man totally dif-
ferent from his competitor. Ile was in office under the
Spanish Government, and continued so during the revolu-
tion, until the declaration of independence. He is a man
of talent and firmness, not to be shaken by pretty women
or doubloons; a law once passed is sure to be enforced by
him. He is not friendly to strangers, but disposed to
suffer their residence, knowing that they improve the
country. A man of his firm character is calculated to
snake himself dreaded by that class of people who form
the mass of Guerrero's party. This class, who are averse
to order naturally, and now foiled in their hope of getting
one from their own ranks into the Presidential chair, are
brought to a state of desperation, and have given cause for
apprehension, that if Pedraza is elected they will strain
every nerve for a revolution. Indeed, they have asserted
as much as this in the public prints, by saying, ' Awake
Mexicans ! if Pedraza is President, you have either to
wear a most servile yoke, or raise another revolution !'
This is the present state of the public mind."

From the above description, it will be seen
that the Mexicans have not much to choose ;
but PEDRAZA appears the better fitted for the
Presidential Chair by his gravity and firmness—
and is, perhaps, more touched with the noble
" vice" of ambition than his rival. The great curse
of the South American States has been hitherto
unfortunately the want of a firm disinterested
Patriot, whose character would be a guarantee
for the integrity of his actions, while his ability
so far transcended that of his rivals as to ensure
their respect while it mortified their ambition.
Such a man is BOLIVAR, but even he has not
been able to pass through the fiery ordeal with-
out exciting abundant jealousy, notwithstanding
his superior talents and acknowledged devotion
to his country.

In North America party spirit runs very high
with respect to the approaching election of Pre-
sident. According to the National Intelli-
gencer, ADAMS has already 112 votes, and
General JACKSON 70. New York, Virginia,
and Illinois, in all 51 votes, are anticipated for
ADAMS. North Carolina, and one vote from
Maryland, are anticipated for JACKSON, which
will give him in all 86 votes.

The following is from the Piedniontese Ga-
zette, of the 13th inst.:—
(BY EXPRESS.)
NAPLES, NOV. 5.

A vessel despatched by the agent of his most Christian
Majesty at Tripoli has brought the authentic intelligence,
that by the mediation of France peace has been concluded
between our Governineut and that Regency. Official in-
formation has also been received that the three Ambassa-
dors of the Allied Sovereigns to the Sublime Porte will
shortly arrive in this capital from the lonian Islands. His
Majesty intends to assign them a suitable residence on the
sea-side, where they may remain with as much conve-
vience as possible during the term of their quarantine.

By the St. Pctersburgh and Hamburgh Papers
to the 9th inst. we have received some cir-
cumstantial account of the EMPRESS MOTHER'S
malady. She was ten days ill of fever :

WARSAW, Nov. 11.

His Imperial Highness the Grand Duke Constantine set
out this morning for St. Petersburgb, to attend the funeral
of her late Majesty the Empress Mother. General Count
Grahowsky, Secretary of State, has arrived here from the
army, and is also going to Sr. Petersburgh.
In consequence of the Empress's death, the theatres and
other places of amusement will be closed for several months.

DRESDEN, NOV. 14.

Her Majesty the Queen Dowager of Saxony has been
much indispose 4 for some clay?, 40 we are sorry to an-
nounce that she has become much worse. This morning
her Majesty received the Sacrament, and it is feared that
She ha! kit a short time to liye.
The Duke pi Lgesa arrived here the 4ay ).?efgrP Ye§ter
day, and intends to stop some dap. •
BERLIN,
. _

A Society has been formed here, with the approbation
of the Government, and in concert with it, by the title of
4. Association for the Improvement of Prisoners in the
Prussian States." Count Von Lotham, Minister of State,
is at the head of the society, and among the members are
'seVeral. of the 'first -ifilitury and Ciyil Officers, and also
the 'coleArcited
r.P; 'Neatatier', Chief Counsellor of the
popsoFy.

A dreadful misfortane hay ' ST. PETERI.i.IIRC!,
kefl.lllep Imperial
family. Her Majesty, the Empress Mother, was tattep from
us this morning, at two o'clock, after a short illness of a
few days: A model of all the virtues and inexhaustible
source of benefits, the object of unbounded veneration,
g9-41:141e, and love, she leaves behind her such profound
andlisinful 'regret s:;;st we want language to paint the
universal consternatioli caused amocg all classes by so
cruel and unexpected a lossovhich more severely felt
as we might have hoped that this calamity was still termite.
NANIFESI 0 OF HIS MAJESTY THE EMPEROR.
It his pleased tile Almighty to afflict us with a new
and cruel mislortune. iffe have lost op p2loyed mother,
her Majesty the Empress Maria Feodorowna. ' A disorder,

which at the first was not at all dangerous, but which in-
creased with dreadful rapidity, has put an end, at two
o'clock this morning, 24th October (sth November), to
her valuable life, every moment of which was dedicated
to the practice of the most exalted virtues. In the anguish
of our heart, submitting to the inscrutable decrees of Di-
vine Providence, which sends upon us this trial, we ad-
dress our beloved people. Our grief is that of all our
faithful subjects, and the sincere part which they take in
it is the only alleviation that we can feel. Paying a just
tribute of tears to the imperishable memory of our adored
mother, they will join with us in addressing fervent
prayers to God, whose mercy manifeits' itself even in his
severity, beseeching him to receive in his bosom the angelic
soul of her wham we deplore, which here below was the
sanctuary of every noble sentiment and of every, virtue,
and that he may deign to give strength and confidence to
us and to all the members of our afflicted family.

Given in our capital of St. Petersburgh, the 24th Oc-
tober (sth November), in the year of our Lord 1828,
and the third of our reign.
(Signed) NICHOLAS.
ST. PETERSBURGIT, OCT. 26. (Nov. 7.)
We announced in our last number the afflicting event
which in the night of the 23d snatched her Majesty the
Empress Maria Feodorowna from her family and from
Russia, We now lay before our readers the following bul-
letin of the illness of her Imperial Majesty :
" her Majesty the:Empres.s Maria Feodorowna, of attzust
and glorious memory, experienced on the 12th (24th) Oc-
tober, at half-past four in the morning, an attack of
fever accompanied with cholic and nausea. Is:). the 13th,
14th, 15th, and 16th, the tits of fever continued with
more or less intensity, but the use of suitable remedies
(luring this time, seconded by the natural crisis of the dis-
order, had put a stop to them. The disorder sensibly di-
minished, her. Majesty's sleep and appetite returned, and
she was well enough occasionally to leave her bed. Up to the
21st her health was in general in so sati;factory a state that
her Majesty might be considered as convalescent. His
Imperial Majesty, therefore, thought it of no use to
issue bulletins, according to custom, to acquaint the
public with the state of her health. But on the 22d of
October the physician having observed, in the state of the
august patient, a great irritation, a difficulty of speaking, an
insensible decay of the memory, the bearing, and the whole
organic system, invited his physicians, Dr.. Crichter and
Dr. Bluhm, to a consultation. The three physicians all
equally fearing that a determination of the blood to the
head might produce a paralytic stroke, agreed to bleed her
Majesty in the arm ; but the bleeding and other means
offered only temporary relief, and could not prevent the
paralytic stoke, which put an end to the valuable life of
her Imperial Majesty, on the 24th October, at two in the
morning.

Signed by her Imperial Majesty's Physician,
J. DE RUHL.
His Imperial Majesty's Physicians,
W. CRICHTER.
DR. BLUHM.

On the day when our troops entered Varna, his Imperial
Majesty addressed a gracious reseript to Admiral Greigh,
commanding the Black Sea fleet, with the insignia of St.
George of the 2d class. His Excellency Count Nessel-
rode arrived here yesterday evening. His Excellency
Lord Heytesbury, the British Ambassador, arrived here
this morning from Odessa.

Halifax Papers of the 29th October have been
received ; the Official Gazette of the 23d con-
tains the Proclamation of his Excellency for the
meeting of the Provincial Legislature for the
despatch of business, on, the 21st November.
The approaching meeting was looked forward to
with much anxiety, as the conduct of the popular
branch would then show how far they were sin-
cere in their professions of moderation, and a
desire to adopt conciliatory measures.

In our report of the proceedings at the Ca-
tholic Association will be found a very temperate
letter from Mr..IENEAs 111,DoNwELL, earnestly
recommending a feeling of unity and good-will
between the Catholics of Ireland and their
brethren in humiliation.—the Catholics of Great
Britain. If the Catholics wish well to their own
cause, they will endeavour to promote a kindly.
understanding with each other, no matter what
their individual views may be on particular points.
In unity consists their strength, and, in fact,
their only hope of redress.

THE FUNDS.--(THIS DAY.)

CITY, TIVELVE O'CLOcr.

At the usual hour of commencing business in the City
this morning, the commercial and banking part of the com-
munity were thrown into the utmost consternation by the
announce:nent of the stoppage of a banking-house of con-
siderable standing ; and it is with unfeigned regret we
have now to state it relates to the firm of Messrs. Fry
and Chapman, of St. Mildred's-court. These gentlemen
they but
pos-
sibly are
in have accounts with twenty-five country firms, and it is
apprehended that the evil occasioned by this calamity
niay
willnot
be injurious be confinedurio
utso
tt
obethellofiursemsinwitlt whom
question,
in connection. In the hut ry and confusion which this cit..
curnstance has occasioned, we can only state that Messrs.
Fry and Chapman carry with them the strongest feelings
of sympathy on the part of a large portion of the commer-
cial world ; and whatever may be the eventual issue of this
disaster, they will have the satisfaction of closing their
affairs with a character for integrity and honour unsullied.
Messrs. Fly and Chapman were the bankers of several of
the new speculations lately set on foot, and had connexions
in the northern parts of the kingdom, who, it is hoped, will
have bad timely notice to prepare for the shock; hut
the injury done is of a very serious nature to public con-
fidence. In the mean time, we have tale best reason
to believe that a number of their friends are fully prepared.
Consols closed on Saturday, strong buyers, at 86k; the'
opening price this' morning was 86 4 ; they subequently
fell to 85,i, and are now 86 and 86 for next time.
From the before-mentioned causes, Exchequer Bills fell
to 52 prem., but are now 52 to 54 ; for a considerable
time the price west:tontine!. India Bonds are 605., but were
done early in the day at '7Ol. prem.
Every thing in the Foreign Funds has generally been
affected by the state of the Consol Market. Russian Bonds
are lower, 941 -1-; Brazilian, from 631 are now GS ;
Danish, 62 4 ; and Spanish, 10 3. A decline has also
taken place in Mexican 6 per Cents., at one,Period to 32:k ;
at present they are 33 1: the fall in this latter Stock
arises from the unsettled state which the Government.
appears to be in by the accounts receivetliper the Canada
from New York at Liverpool. _

In Shares there is nothing to notice, and prices are
nominal.

Three per Cent. Consols, 86 ; Ditto, for the Ac-
count, 86 i; India Bonds, 77 pm.; Exchequer Bills,
67 pm., nominal. _ _ _

TWO O'CLOCK.

Consols have remained heavy at 86, alternately buyers
and sellers, at present they are buyers.—lt is intimated
that the greater part of the country correspondents
of an unfortunate Banking concern have already been
taken up promptly by their more fortunate neighbours,
which shortly will prevent considerable inconvenience and
There is mpitipn made of further mischief at
blasgow.
• Exchequer Bills are forther de psseil to 46 9 pm.
0 CIL
Consols for Account, 86
FOUR O'CLOCK.--CLOSING PRICES.
Consols 86 Danish 62
Do. for Ac. 86 Greek, 1825 17
Brazilian Bonds 62/ Mexican, 1825 33
Buenos Ayres Peruvian
Milian P. -- 4ussign 944
ceottiabrin; 1824 Spanish