The Sun.
London, England, 1826-01-05 00:00:00

ANGLO•MEXICAN ASSOCIATION.

• .
Yesterday a numerous Meeting of the Pro-
prietors of this Company, was held at the City of London
Tavern, ili,itopsgate-street, BAncLAY, Esq. in the
Chair.

The Cuaanmaie opened the business by referring to the re-
quisition. The Directors, anxious to afford every information
, to the Proprietors, had drawn up a report of their proceedings,
with a special adherence to plain facts—they held out no delu-
sive hopes—they made no confident allegations of success, but
left the issue to time and perseverance. This was the course
they thought themselves bound to pursue, and in submitting
, such a statement to the Company, they had no fears for them.
selves t if any part of their report was objectionable, the Pro-
prietors would use their own discretion in rejecting, altering,
or amending ft: if it was deemed satisfactory, as the Directors
trusted it would be, then the Proprietors would sanction its
adoption by their unanimous vote. With the permission of
the Meeting he would now beg leave to read the report.—
(Cries of " Read, read.")
The Honourable Gentleman then proceeded to read the
Report, which was of very considerable length, and took
a moat comprehensive view of the progress which had been
made since the formation of the Association, in exploring
the boundless mines of Mexico. In proof of the confidence
entertained by the neighbouring inhabitants, as to the
success of the Anglo-Mexican Association, it was stated
that the Commissioners had been strenuously invited by
the proprietors of mines in another district further up the
country, to come tip, and make contracts with them, on very
eligible terms. This offer, howeverl the Commissioners very
prudently declined closing with, until the opinion of the Com-
pany in England had been consulted as to its expediency.
I'he produce of the mines now in process of work has con-
slated chiefly of silver ore, occasionally intermixed with gold,
and had been raised in considerable quantities. It would be'
seen that there was no diversion of capital, but that all the
moneys paid by the Company were devoted solely to the pro-
motion of the object which had primarily engrossed the atten-
tion of the Proprietors. Another encouraging feature in the
affairs of thin Company would be seen in this fact, that whilst
the weekly produce was rapidly increasing, the weekly expen.
ditttre was likely, before much time had elapsed, to experience
a sensible diminution. In every Instance where economy was
compatible with prudence, it had been rightly observed ; and
it would be remarked, that thz salaries of the officers belong.
log to the Company, were not chargeable to the Association,
but derived from the produce of the Alines to which they were
respectively attached. With respect to the value of machinery,
as applied to the working of the-Alines, the Report quoted
the authority of Mr. Williamson, the first Commissioner. •
That gentleman, in a letter from Mexico, dated the 24th
June last, highly applauds the introduction of machinery,
which he considers greatly preferable to the former method
of working the Mines by manual labour, which is at once
slow, uncertain, and hazardous. A large quantity of ore
has been raised, and is now. passing through the process
of reduction. In the immediate vicinity of the Mines,
great expectation,' are entertained that in this department
the labours of the Company will be greatly lessened, by
the substitution of the method of smelting, or reduction
by fire, for the Mexican plan of amalgamating by quicksilver,
a slow and expensive process. " With respect," says the
Report, " to the general aspect of this undertaking, the Direc-
tors think it right to say, that tha opinion they have from its
commencement entertained, that it would be found to yield an
ample remuneration for the capital engaged in it remains no.
changed. The busied,' of Mining is necessarily a speculative
one; less so when the capital engaged in it is employed on
veins of which others have incurred the risk and charge of
ascertaining the value; anti farther relieved from risk when
its hazards are spread over a number of well selected Mines,
than when continued to a few. As Mining has formerly
been a profitable pursuit in Mexico, under less advantn-
genus circumstances than those which now attend it, there
seems no reason why it should not again become so, with the
addition of the improvements it is now receiving. The As-
, iodation continues to receive the most friendly , treatment in
Mexico from all classes ; and the Directors have the satisfitc-
don Of believing, that a most cheering and beneficial reanima-
tion of industry throughout a large and populous district
has attended its labours. A proposal to increase theduty on the
precious metals was agitated in the last Mexican Congress, and
negatived by a majority of 43 to 2. There is, therefbre, reason
to believe that a proportion so injurious to the real interests of
Alexico will never be revived.
The Report was then moved and seconded, and, being put
from the Chair, was unanimously adopted, ordered to be printed,
and a copy forwarded to each of the Proprietors.
One of the Directors then lead an abstract of the receipt
and disbursements of the Company, during the two years that
it has existed, the substance of which was, that eight instal-
Melts, each of 5 per cent., had been paid up, forming an
amount of 400,0001., and that it heel been expended pertly in
the purchase of machinery and mining stores In England,
but in a much greater degree, in advances made in Mexico,
to froward the draining and working of the Alines.
This statement was received with unqualified approbation,
and a motion for passing the accounts was carried in the affir-
mative,

Th 7CLIAIILMAN then said, that the Directors having pre-
sented their It?port and Abstract of Accounts, had now per-
formed the duty which devolved upon them in virtue of the si-
tuation to which they had been appointed. lint although it
scented they were tbrtonnte as to have given satisfaction, yet
at the kilnlC time, they felt themselves bound to give any fur-
ther information that the Proprietors Might think proper to re-
quire.
A littopniwrott wished for an opportunity of examining the
accounts more deliberately.
The CHAIR ALAN intimated that the books were open to the
scrutiny of every Proprietor, at the Company's (Mice.
The thanks of the Meeting were then voted to the Chair.
matt, and the Proprietors dispersed.

CORRECTIONS OP WEIGHTS

BY TUE NrW STANDARD.

Ms, oz.dwts.grs.
From 1 Avoirdupois, OW, Standard, take 0 0 2 Troy .
9--- - 0 0 4
3... - 0 0 6
4.... 0 0 11
5 -
- - . 0 010
6 .

- 0 0 12
- - 0 0 11

- - - () 0 16
- - - 0 0 13
- - - 0 020
--- 0 1 4
--- 0 2 8
- - - 0 416
--- 0 0 8

1 Cwt. -

%VSTMI NSTIM S K4SI ONS.—This dnY the Gene-
ral Quarter Sessions %as held at the
Westminster, before F. CO NET, Esq. Chairman,
and a bench of Magistrates. The calendar C 911•
(II ins 115 prisoners for trial, and six only on the
traverse paper. After the Grand Jury had
been sworn, the Chairman Informed them that
it was highly satisfactory for him to state he need
not address them, as there was nothing would
come before them but. in their good judgment and
long experience they would be able to perform
without a remark from the Bench. The Grand
Jury then retired, and the. Court proceeded to
try the parties out on bail on common assaults.

DISTRESSING ACCIDENT.—This morning, at 10
o'clock, a ♦ery serious accident, which nearly
proved fatal to a lady, happened in Piccadilly
a cabriolet was running rapidly from the flay.
market at the moment a hackney chariot was
crossing the road, and both vehicles coming
in contact, the cabriolet was upset, and the
lady consequently was thrown with great
force, on the pavement. She was raised up in a
state of insetisibility, her' nose and face dread-
fully lacerated; and it was believed one of her
arms is fractured. She was taken into the shop
of Mr. Noland, and from thence was taken home
to her residence in Mayfair. The two drivers
were taken into custody, it being alleged that
their negligent driving contributed towards the
accident.

UNITED STATES PAPERS.

Ex-President Monnot is named as a candi-
date for next Governorof

....
hicE or STOCKS.—NEW YORK, 140 E• '.—IT. S. Sixes,
1812,').—; 1813, asked 101, ofFere&1011 ;•411Aki:ked 103 i ;
1815, asked 105; offered 104 t. •
PHILADELPHIA, DEC. 6.—U• S. 'RANK STOCK.—In this
city yesterday, 113 to 113 i. In New York on Monday, 112:j.

Front Rio Janeiro and Pernambuco.—Captain
13aNsoti, of the brig Eliza and Mary, arrived at
Salem on the 9..4th ult. from Pernambuco, states
that every thing was qUiet when he sailed—that
the tiiarket was abundantly stocked with A uteri-
can produce., and the produce of the country
scarce and high—Spanish dollars were 950 reas.
CitEEIE INDIANS.—It is said the Government
has reason to anticipate the most favourable re-
sults from the approaching conferences with the
Deputation of hostile Creeks now at Washing-
ton ; and, of course, a 'satisfactory accommodation
of the difficulties which grew out of the late
Trea

The first Session of the Nineteenth Congress
opens under new and interesting political circum-
stances, as it is evident' that parties are forming
anew. Though the old federal party has long
since been virtually dissolved, yet it is a cusious
anomaly in politics to find them frequently con-
trouling the republicans in their elections, and
treated with an obvious distinction by the Na-
tional Executive, in the receipt of lucrative ap-
pointments. In fact, the minority have found
out the secret of governing the majority. No one
can deny that the Administration, or executive
republicans, now occupy the ground the federal-
ists did in 08. On the other hand, we are glad
to find a party of independent republicans spring-
ing up, determined to maintain the political prin.
ciples which distinguished the republicans in 08.
How far they may be able to act with effect, dur-
ing the ensuing session, remains to be.seen : but,
we do not hazard much, in predicting that there
will be a perfect understanding among the hide-
pendcnt democrats of the present Congress, who
will guard w ith a vigilant eye, every executive pro-
cedure, and check errors or encroachments at the
threshold. From the singular turn which the
late election of President took in the House of
kepresentativea, it begins to be obvious, that in
this country, as in all others, a written constitu.
Lion is no guarantee to the people for the preser-
vation of their liberties and the purity of their
elections.--( Washington Paper.)
In GEORGIA, the election of Attorney and
Solicitor-General has just been made. In every
instance the friends of GovernorTroup have been
swept from office, and the friends of his opponent
put in the place of them. Of the whole number
of Judges, Scc. for the last year (fourteen), two
only were suffered to remain, and they were of
the ascending party in the Legislature.—(Nut.
Int.)

NEW.BRUNSWICK SUFFERERS.-- We under.
stand that the profits of the Theatrical 13enelit
for the New-Brunswick sufferers amounted to
60 dollars, which the Managers made an hundred,
independent of their private subscriptions.
CITY LAN Ds.—Ten lots of the Neck Lands,
bounded on Washington street, were sold at
auction on Tuesday afternoon, and brought from
31 to -13 cents the square foot.—These lands
have heretofore brought about '25 cents at
highest.---( Patriot.)
Sixty-four cells of the third State prison in
New York are comvierleiluedm.ireld' be
ti.se tp prison
iastntlow
four stories high, five
ill
contain 800 cells. On the 26th the 109 convicts
employed on the building, were for the first time
iefely locked up within their cell—and on the
following morning (the Sabbath) a Bible was
furnished each one of them.
Extract of a Letter from Washington Dee. 4.
" There ham seldom been so early an assemblage of the Mem-
ber, or Congress at the seat of Government. It is not easy to
determine whether this has been caused more by the election of
Speaker, or the desire or procuring comlbrtable seats in the ca-
pitol. It may be thought that the latter cause has always existed,
but that is not precisely the fact. as there is a greater difference in
the convenience of the seats in the new hall than in the old one,
or any of the buildings occupied by Congress. This is becomieg
more generally known every year, and occasions quite a
scramble. The rule is, that the Aleinber who first takes pos-
ems ion of a seat, by putting his name on it, acquires a right to
occupy during the Congress, but no seat can he held which
is taken by proxy. The hall is, perhaps, one of
the worst that ever was built, for tire purpose intended ; some
positions arc, however, more convenient than other, for hear•
ing ; others are more convenient for being heard ; few are
adapted well' for either purpose, and still fewer tbr both.
Whoever, therefore, occupies a scat in it, with a desire either
to infbrni or become inthrined on the subject on which he is
obliged to act by his vote, must be not u little discomposed, by
being driven into a scat where he can neither hear nor be heard.
Such is however the mistOrtune of very many. Among others,
whom i should always listen to with pleasure and instruction,
I observed the name of the learned Air. Everett on a desk, front
which, unless he has the lungs of a Stentor, one-half the house,
if not three-fburths, will never be able to hear an entire Ken_
fence."
DRUMMOND TALAND.—The British military post, situated
at the head of Irilu, Boron, has been declared to be within the
limits of the United Suites, by the decision of the Boundary
hay Cmmoissionerm under the treaty of Ghent, and that decision
been ratified by the Governitent. Still the island is not
abandoned by the British, but is occupied by their troops, and
is the head-quarters of their intercourse with the Indians in
the north-west. We are wholly unacquainted with the reasons
which have induced the United States Government so long to
neglect the occupation of the Island, as the British are probably
only waiting until a request is made to them to break up their
establishment. It is important to the north-west trade, and to
the American Government that this island should soon he oc-
cupied by our troops.—( Detroit Paper.)

MONEY MARKET.
Nine' Yonx, Nov. 20.—The Post tells us, that great relief
has been afforded to merchants by the United States Branch
Bank discounting 400,000 dollars. This KM, when added to
the discounts of other Banks, have, in all probability, afforded
a temporary relief; but it will be remembered, that in the first
commercial city in the Union, with its great trade and re-
sources, a large sum is necessary to sustain the ordinary mer-
cantile and trading responsibility. The United States Bank
may occasionally be liberal in discounts, and what is of more
importance, may exonerate and relieve other Banks from ap-
prehension of danger, by their being equally liberal.—(Balii.
more Aritertiser, Dec. 1.)
Several of our merchants were panic struck on Friday night
by the appearance of law officers in their houses, to secure, by
trustee process, all property owned, and all debts due to the
house of an eminent bunker in London, in whose solvency un.
limited confidence has hitherto been placed by our importing
merchauts.--(Boston Patriot.)

COTTON.
MISRISSIPPI.—The Jackson Luminary states, the cotton
crops in that county have turned out well, and that the farmers have nearly completed the gathering. They have received
great aid from the Chectaw Indians, who have crowded thither
for the purpose of picking cotton to enable them to procure
winter clothing.
NEW ORLEANS, OCT. 31.—We have ascertained from the
best information, that the same calm continues in the market,
and that no transaction has been made since our last report.
We can therefore state, that for the last two months and a half,

ac‘

I complete stagnatiox has existed in our cotton trade. It is
believed that the first demands will be for the finest qualities,
in order to keep employed some of the Northern manufacturers.
Imports 720 bales.

Nonrot.x, Nov. 26.—Ten bales of Cotton, raised on the
plantation of Mr. William Minton, in Nansemond County, was
brought into this market yesterday, and readily sold at 14i
cents. per pound. The staple was very good. We hope that
our farmers in the neighbouring counties will see the propriety ,
of turning their attention immediately to the cultivation of this
valuable staple, which, if we are not misinformed, is a more
profitable crop even at ten cents. than Corn at three dollars—
children being profitable hands to the cultivation of the former,
whereas full grown and vigorous labourers are required for the
latter.—( Norfolk Beacon.)
CITAIII.EsTox, Nov. 28.—The same causes still continuing.,
to operate against the arrival at market of Upland Cottons in
any considerable quantities, that which came to hand met pur.
chasers pretty readily until the middle of tle week, at previous
rates, since which the demand is lessened, and, within the
last two or three days, holders appeared willing to realize at a
fraction below our last quotations, selections of the new crop
being offered at 14 cents. We have accordingly reduced our
quotations to 13 or 14; although sonic holders are still storing
the article for 14i and lb cents. In Sea Islands and Sanuee
there is as yet nothing doing.
TEsts: essEE.—ln all the other States, those who are con•
scientiously scrupulous of bearing arms are allowed to pay an
equivalent for personal service. In this State the legislature is
enjoined to pass laws exempting citizens belonging to all/
sect or denomination of religion, the tenets of which are known
to be opposed to the bearing of arms, from attending private
and general musters." The aggregate of the crop of cotton ia
this State and North Alabama is about 80,000 bales.
COTTON is very backward in coming to market this seasens,-
only 33 bales have been received up to this time. Last year
upwards of 1000 bales were received by the Ist of November.
It will be kept back very late, in consequence of the great tie-
preasion and unsettled state of foreign markets. By all se"
counts there will be a very considerable increase in the crops
this year—the quantity to be exported from this Bay will not
fall short of 75 to BO thousand bales. The weather has been
fine for picking it out, and it is said to be much clearer of trash
than usual.—Wobik.)