The Sun.
London, England, 1845-06-24 00:00:00

The intelligence from Madrid is to the 15th, and from
Barcelona to the 14th inst. According to a Barcelona
journal, the QUEEN was to take the oath to the new
Constitution on the 18th, and afterwards be present at a
grand review. It was reported that the Court would
return to Madrid by the 10th of July, and that the
royal visit to the Basque Provinces will not take place
this season. The Minister of Marine had left Barcelona,
on his return to Madrid.

The Paris papers publish the report of the Committee
on the Slave-trade Convention read to the Chamber of
Deputies by Marshal SEBASTIAN!. It is, as we stated
on Saturday, highly satisfactory. The grounds for this
new treaty are stated at some length, and considerable
strength is laid upon three successive addresses of the
Chamber, as well as public opinion, to pat an end to the
mutual right of search, and place the marine of France
under the exclusive surveillance of the national flag.
"In the face of such a general manifestation," says the
report, " the Conventions of 1831 and 1833 lost their
efficacy, and their, nominal maintenance could serve no
other purpose but to keep up between the two countries
a source of irritation. Besidee this, the conventions,
by their nature and by the circumstances which accom-
panied the conclusion of them, could never have been
considered as perpetual. Having been admitted by way
of experiments and as temporary measures, they ought
to cease as soon as they had produced the effect of which
they were capable." It then adverts to the terms of the
new treaty, and adds—" The final clause suspends all
the former conventions during this new experiment, and
declares them finally abrogated at the expiration of that
term, unless by a common and express consent of the
two Governments they be again brought into operation.
The will of the country has thus been satisfied, and in
this respect your Committee cannot do otherwise than
give its entire assent to the result of the negotiations
which were carried on in London. Your Committee is
well pleased at being able to declare that this result
has been attained, to the honour of the gentlemen who
conducted this delicate negotiation, and who, whilst they
carried out a lofty idea of justice and humanity, knew
how to pay attention to the national feeling, and award
to it what was its due. All the provisions of the new
treaty bear the impress of the confidence which the high
contracting parties feel in each other, and of their equal
sympathy for the cause which they wish to serve. It is
worthy of such a cause to unite the efforts of two great
nations ; and the treaty which has just been concluded
will have the effect, we feel convinced, of effacing the
remembrance of the differences that may have
separated them." An animated discussion afterwards
took place on the state of the French navy, when several
of the Opposition Members charged the Government with
a great dereliction of public duty by refining to propose
an increase of the Navy Estimates, and not even apply-
ing the sums voted to the most useful purposes. If we
are to believe the statements made, the navy of France
is in a most deplorable condition. It was worse, said
M. BACOT, than under CRIBROL, the Minister of Marine
from 1824 to 1830, and yet, during the greater part of
that period, added another speaker, the Budget of Marine
was only 68 millions, while this session nearly twice the
sum had been voted-120 millions of francs—for main-
taining not more than 23 ships of the line,and 30 frigates,
M. LEDRU Roulte asked the Minister of Marine if he could
deny that be 104 Dot employed the whole of the credits

voted for the navy. " The country," said he, " wanted
to see the naval forces in a condition to cope with those
of England. The Minister might boldly ask the Cham-
ber to make sacrifices for that purpose. At present the
Minister of Marine was following the course pursued
under the Regent, and which prepared the maritime dis-
asters of the Republic. 'They wanted to see their navy
worthy of France—able to defend the principle of the
liberty of the seas." Admiral MACKAU said, since his
accession to office, he had done everything in his power
to improve both sailing and steam-vessels, but really the
estimates were not sufficient, and next session he should
be obliged to apply for larger sums. Still, however, the
statements made by certain Members were manifestly in-
correct. In 1829, the armaments at sea employed only
12,000 seamen, while in 1846 they would amount to
26,000, and besides the budget of his department was
only 78 millions, the remainder of the estimates being
expended on the marines and the guns. The Gallant
Admiral, after some other remarks, stated in reply to a
question from M. CORNE respecting the blockade of
Monte Video, that he had refused to admit the exten-
sion of the blockade, which the Government of Buenos
Ayres desired to have recognised. The admiral on the
station had a sufficient naval force at his disposal, and
he felt no uneasiness whatever for the French subjects
now residing in Monte Video, whatever might have been
their antecedent political opinions. Most of the esti-
mates were afterwards voted. The sum of 60,0001.
demanded by the Government, to increase the pay of
the commanders of corvettes, was rejected. The fol-
lowing article from M. THIERS' paper, the Consrtution-
nel, is in reply to the statements of the Minister of Ma-
rine, as well as to those made by Sir CHARLES NAPIER
in the House of Commons :
" We said a few days back that the country and the Chambers
were determined to have the navy powerful, and the committee on
the budget, in its report, gives a superabundant proof of the exacti-
tude of this assertion. But, in examining the affairs of the navy
with respect to the future, the Committee, in seeking to appreciate
the wants of the fleet, do not appear to have rendered to themselves
an exact account of the manner in which in late times the grants
for the navy have been employed. Let us just glance at the credits
accorded to the navy for several years back, with the results ob-
tained. We commence with the year 1837, in which the cadre
of the navy was fixed by a royal ordinance, and completed
in February, 1842. In the year 1837 the budget was
62,000,000 f. It has been successively augmented—in 1838
to 72,000,000 E ; in 1839, to 79,000,000 E ; in 1840, to
99,000,000 f. ; in 1841 to 124,000,000 E ; in 1842 it was
140,000,000 f.; in 1843, 123,000,000 f.; in 1844, 124,000,000 f. ;
and in 1845 it will be 120,000,0001., without reckoning the
credit allowed for the execution of the new treaty relative to the
right of search. It is true that a sum of 30,000,000 f. for Trans.
atlantic packets must be taken from the last three years; but, with
this exception, there will still remain for the period comprised be-
tween 1837 and 1845 nearly a milliard. In 1846 the credits will
exceed 160,000,0001., or double the budget of 1837. Let us now
see what was the state of our navy in 1837, and what it is at pre-
sent. According to the ordinance passed in that year, we were to
have 270 sailing vessels, of which 40 were to be ships of the line,
50 frigates, and 40 steamers. A decision of March, 1842, raised
it to 70 the number of these, assigning to them an 18,500 horse-
power. In 1837 the fleet consisted,—lst, of 41 men of war, 24 afloat,
and 17 In the dockyards. The latter, more or less advanced,
in construction only showed 17 vessels entirely finished ; 2dly,
56 frigates, of which 36 were afloat, and 20 in course of con-
struction ; and, 3dly, 35 steamers, of which 28 were afloat, and
7 in course of construction, showing altogether a 4,630 horse-
power. In 1845 we have not more than i'9 ships of the line, and
37 frigates ! There is certainly an increase in the steamers, for
from 35 they have been augmented to 47. But can this aug.
mentation compensate for the preceding deficiency, and justify the
employment of the considerable credits accorded to the navy ?
We have not comprised in this comparison either the Trans-
atlantic packets or the money expended in providing them, these
vessels not having been destined for a war service. This result, after
a space of eight years, certainly evinces a considerable disorder, and a
very faulty application of the funds voted by the Chambers. If the
materiel of the navy has diminished, the personnel of the mari-
time inscription has slighted increased, as the Committee has re-
marked. It is in 1839 and 1840 that this augmentation has
shown itself, at the time that a greater extension was given to
our military armaments. The inscriptions of that period have not
disappeared, but the system of furloughs, now In use, will soon, if
care be not taken, bring down the amount of inscription to a lower
point than it was in 1839. This apprehension is so much the
better founded that commercial enterprise has much diminished,
and does not promise to the navy a sufficient number of recruits.
These figures prove how erroneous was the statement of Sir Charles
Napier relative to our naval force, and how ridiculous was the
triumph which the Ministry assumed in its journal on the
Qleasion."

The Commerce, in alluding to the subject, makes some
remarks on the state of the French dockyards, which
we believe, are wall founded. "It is sufficient," says
that journal, " to have gone through our dockyards to
judge of the waste that takes place there. There is
no unity ; everything is abandoned to local directors.
Each direction is appointed as it pleases ; it
raises workshops on workshops, stores on stores,
seeking to increase its own importance, and every-
where rejecting private industry. The stores, de-
prived of any appearance of ensemble, enter and leave
by a thousand issues. There is affluence in one place,
want in another. In the same hands are placed the
workshop and the store ; that is to say, he who gives
the command is he who executes it ; he who delivers
the works when done is he who receives them. And all
that is supported by documents impossible to verify,
sometimes fictitious, always without uniformity. Such
a disorder, such a chaos produces this result, that money
is expended without its being known how it goes.

Accounts from Lucerne of the 16th, state that Dr.
SrEIGER has chosen the town of Cagliari, in Sardinia,
as his place of exile, the Sardinian Government having
consented to receive him, and to leave him at full liberty
in that place on his parole of honour.
It appears from a letter dated Constantinople the 4th
instant, and published in the Augsburg Gazette, that a
sanguinary battle had taken place in Syria, on the 16th
of May, between the Druses and the Maronites, which
ended in favour of the latter, but the details are not
given.

On the Paris Bourse on Saturday the Three per Cents.
closed at 84f. sc. ; the Five per Cents., at 1221. sc. ; Orleans
Railroad Shares, 1,210 f. ; Rotten, 1,0701. ; Vierzon, 770 f. ;
Havre, 862 f. 50c. ' • Avignon, I,olof. ; Basle, 266 f. 25c. ;
Spanish Three per Cents., 4114.

•
The following are the quotations for the new lines:—

Orleans and Bordeaux, 205 f. premium ; Boulogne, 115 f.
ditto ; Troyes and Montereau, 40f. 50c. ; Paris and Lyons
(Laffitte), 20f.; ditto (Caton), 50c.; ditto (Ganneron),
sf. ; Northern line ( Laffitte), 25f. ; ditto (Rosamel),
6f. 50c. ; Tours and Nantes (Mackenzie), 9f. 75c. ; ditto
(Drouillard), par; ditto (O'Neill), 31. 75c.; ditto (Jacques
Lefevre), par ; Lyons and Avignon ( Lecointe), 7f. 75c. ; ditto
(Talabot), 37E50c.; ditto"(Compagnie Meridionale), 7f. 50c. •,
Bordeaux and Toulouse (Mackenzie), If. 50 ; ditto and
Cette (Espeleta), 6f. 50c. ; Creil and St. Quentin, par; Paris
and Strasbourg (Ganneron), 10f. ; Dijon and Mulhausen
(O'Neill), 2f. 50c. ; Dieppe and Fecamp, 45f.
LYONS, J UNE 18.—Avignon and Marseilles, 1,015 f., for
cash ; Paris and Orleans, 1,200 E, ditto ; Paris and Rouen,
1.075 f., end of June; Orleans and Bordeaux, 677 f., for the
15th of July ; Boulogne, 605 f., end of June ; Montereau,
545 f., ditto.

MONEY and COMMERCIAL NEWS.
(From The Sun of Last Night.)
The sales of Cotton at Liverpool on Saturday were 6,000
bales, about one-third being on speculation. The market
was quiet at previous rates. There was a good deal of ex-
citement in the Share-market, owing to .the Parlia-
mentary decision on the gauges. Great Western
were advancing, and Birmingham were heavy. Barns-
ley. Junction, 7 ; Birkenhead and Cheshire Junction,
1114 %; Blackburn, Burnley, and Accrington, 914 ; Bel-
fast and Ballymena, 814 ; Bolton, Wigan, and Liverpool,
15% % ; Caledonian, 113/4 ; Caledonian Extension, 3 58s. 9d. ;
Cambridge and Lincoln, 44, 5/8 ; Chester and Birkenhead,
631/0 61%; Ditto, New Shares, 57%; Ditto, Half Shares,
31'4- 31; Churnet Valley, 51,E ; Cork and Bandon, 8 13s. 9d. ;
Derby and Crewe, 68s. 6d. ; Dublin and Wexford, 214
2 ; Dublin and alway, 635. 3%; Glasgow and Dumfries,
1 19s. 6d.,• Glasgow and Ayr, 65 ; Gloucester and Dean
Forest, 114 ; Grand Junction, 241 ; Ditto, Half Shares,
120% 120; Ditto, New Quarter Shares, 5014 %; Grand
Union, % Bs. 6d. • Great Grimsby and Sheffield, 41/2 % ;
Great Southern and Western Extension, 13 ; Great Western,
215 214 ; Ditto, Fifth Shares. 48 ; Ditto, 4014 ; Hud-
dersfield Canal and Railway, 6% ; Lancaster and Preston,
Three. quarter Shares, 3314 ; Leicester and Birmingham, 1 ;
Limerick and Waterford, 83/4 ; Liverpool, Ormskirk, and
Preston, 635. 6d. ; London and Birmingham, 240 ;
London and Brighton, 743/4 ; London and Croydon, New
Shares, 345. 6d. ; London and Windsor, 1%; London and
South-Western, 83% ' • Ditto, 401. Shares, 32 ; London and
York, 3% ; Leeds and West Riding Junction, 814 1,4 ; Man-
chester and Birmingham Continuation, 41s. 1% ; Manchester
and Leeds, Half Shares, 771/ ' • Ditto, Quarter Shares, 2514
2614 ; Matlock and Midland, 514 ; Midland Railway, 40/.
Shares, 27 2814 ; Consolidated Birmingham and Derby,
14434 ; Newark and Sheffield, 2% 4 ; Newcastle and Ber-
wick, 18% ; Newry and Warreupoint, ; North British,
Half Shares, 634 ; North Wales Mineral, 15%; Ditto, New
Shares, 51% • North Western, 4%; Nottingham and Mans.
field, 1; Oxford and Birmingham Junction, 6 5%; Oxford,
Worcester, and Wolverhampton, 8 73/4 ; Sheffield and Man •
chester, 125 124; Sheffield and Lincoln, 325. ; Shrewsbury
and Herefordshire, ; Shrewsbury and Grand Junction, 5% •,
Shrewsbury, Oswestry, and Cheshire,4l4 ; Shrewsbury and
Trent Union, 2% •, South-Eastern and Dover, New Shares,
No. 1, 18% 1/4 ; Ditto, New Shares, No. 2, 16 17 ; Ditto,
New Shares, No. 3,8% 3/4 ; Scottish Central, 6%; Wakefield,
Pontefract, and Goole, 18%; Welsh Midland, 414 % ; West
Yorkshire, 38s. ; Wexford and Carlow, 6s. 6d. 4s. 6d. ; Wor-
cester and Tring, 18s. 265. ; York and Carlisle, 4% ; Boulogne
and Amiens, 9% ; Northern of France, English (Laffitte's),
ss. 3s. 9d. ; Ditto ( Rosamel's) English, 2% ; Paris and Lyons
(Ganneron's), 2% 565.
MANCHESTER STOCK EXCHANGE, JUNE 21.-The sales are
Barnsley Junction, 7 : Birkenhead, Manchester, and Cheshire
Junction, 11% ; Blackburn, Darwen, and Bolton, 5% ;
Caledonian, 121/ ; Cambridge and Lincoln, 4% ; Churnet
Valley, 5% ; Clitheroe Junction, 3% ; Derby and Crewe,
1 13-16 prem. ; Edinburgh and Glasgow, Quarter Shares, 18 ;
Erewash Valley, 30 ; Exeter, Yeovil, and Dorchester, 11-16 ;
Glasgow and Dumfries, % 17s. ; Goole, Doncaster, Sheffield,
and Manchester Junction, 114, 235. 6d. ; Grand Union, 1/2
J-16 prem. ; Great Grimsby and Sheffield Junction, Quarter
Shares, % ; Huddersfield and Manchester Railway and Canal,
7 6 15-16 ; Huddersfield and Sheffield Junction, 6 ; Lancaster
and Preston, Three-quarter Shares, 323/4 ; Leicester and Bir-
mingham, 2; Liverpool, Ormskirk, and Preston, 3; London
and Worcester, Oxford and Rugby, 1V; London and York,
3% ; Manchester, Bury, and Rossenda?e, 1714 ; Manchester,
Buxton, Matlock, and Midland, .5 3-16 % ; Manchester and
Birmingham, New Quarters, 7%; Manchester and Birming-
ham Continuation and Welsh Junction, 2 1% ; Manchester
and Leeds, Sixteenth Shares, 9% 9 ; North British, New
Shares, 6 13.16 ; North Eastern, % prem. ' • North Stafford-
shire, 41,4 7.16 ; North Western, 4 3-16 ; Nottingham, Ere-
wash, Ambergate, and Manchester, 114 prem. ; Oxford, Wor-
cester, and Wolverhampton, Ili ; Shrewsbury, Hereford, and
North Wales, 1,4 % prem. •, Shrewsbury and Trent Valley
Union, 2 3-16 1/4 ; South-Eastern and Dover, No. 3, 8 15-16
9 ; Trent Valley, 19 ; Ditto Continuation and Holyhead
Junction, 21 ; West Yorkshire, 1% ; Whitehaven and Fur-
ness,2% ; Worcester, Shrewsbury, and Crewe Union, 3/4 prem.
Our Contemporary, the .Morning Advertiser, is about right
in the statement made this morning, that the application on