The Sun.
London, England, 1826-03-07 00:00:00

FOrtUIGN MAILS.

. AnnlyEt). I)UE.
Guern4ey and Jersey - 0 3
Outtenburgh . - 0 2
Ilamburglt - - - 0 1
France - - - 1 0

IVATERAT LO N ImN BRUME TO-MORROW.
14:PrIling, :59 minutes after 1.1 Evening, 22 minutes after 2,

TILE SUN.

SOLEAI QUIS DIOEIZE r 4 Ls v m u DE.ir

LONDON.
TUESDAY EVEIVING, MARCH 7, 1826.

In looking at the Public Estimates as they are
severally brought before the house of Commons,
we cannot but think they must all have been
made long before the present pressure on the
commerce of the country was felt, so little ac-
cordant are they with the situation of the nation.
In times of public tiistress the Politic Servants
would better have discharged their duty,
had they placed the National Establishments
On the lowest possible scale of expence, and
sorry are we to see that the House of Com-
mons displays but little disposition to curtail the
exuberance of heads of departments, and ►y one
practical lesson impose upon them the conviction
that economy is indispensable. An Honourable
Member (Mr. BERNAL), last night, very natu-
rally asked, whence all the money was to come
to pay the sums thus voted by the House. The
CHANCELLOR of the EXCHEQUER, in reply,
said that he hoped to be able to show
(on Monday next) that the revenue of the coun-
try was fully adequate to meet all the demands
upon it. Even supposing these sanguine expecta-
tions of the CHANCELLOR of the EXCHEQUER
Should not be disappointed, it is a poor thing to
tell us at this time, for what does it infer but that
the present expenditure is the lowest to which
the country can go, and that henceforth we. may
close our hopes against any further remission of
taxation, because, if at a time when distress
is so prevalent, no relief can be afforded, no ex-
penditure reduced, it is pretty evident that no
such benefit can be expected at a season of pros.
perity or welfare. If, on the contrary,- the Re-
venue of the country should decline, If it should
in the present quarter, as it did in the last, and
in the preceding, thew a falling off when cons-
Pared, with the corresponding quarters of the
last year, how then are these extravagant
votes to be paid? So then it comes to this, that
the public estimates are voted on the principle, of
the highest expenditure,in hopes that the receipts
at the Exchequer may enable the Government to
Pay them, and not upon the principle of the
actual meets of the nation. In times of agri-
cultural distress these estimates are not permitted
to pass thus easily through the House—they are

sifted to the bottom, and the fit of economy that
thus seizes the Country Gentlemen, compels a
modification at 'least, and, in some instances, the
total rejection of many -items of expenditure.
NV hen not only commerce is depressed, but agri-
cultural 'produce still keeps up, these same
Country Gentlemen have no bowels-of compahsiln.
The time is not far distant, however, wheti agri-
culture will feel part at least of that misery
which now pervades trade, the prices of pro-
visions must fall, and again will clamours'
be raised, again will outcries for public eco-
nomy resound in the houses of the greut,and then
the administration will be driven to economy,
If public want shall not previously enforce it.

The Allgemeine eitung, received this day,
contains the following account from Leipsig, re•
ferring to certain bankruptcies which have oc-
curred there in consequence of the failures of
some English houses. it also appears that the
German wool trade is not in n flourkhing condi-
tion, owing to competition and the decline in the
price of that article :
LEirsio, FED. 2e.

Our Exchange has suffered like others, though later, by the
full of the house of Platmann and Co., which dealt in English
manufactures. The loss chiefly affects houses in this city, most
of them rich it is true, but some of them will feel it severe':.
But it is not so much the disasters of the moment, as preced-
ing disadvantageous transactions, which have led to the pre-
sent ordeal-to which the, merchants are exposed, the result of
which affecting so many, will consolidate the credit of those
houses which pass through it unhurt. There is a very had
prospect for the prices of wool of the finest quality ; the finest
German wool will indeed always retaia a high value, but it
must suffer a reduction of 20 to 2,1 per cent., and considering
the increasing competition of the improvers, it may be ex-
pected that the reduction will in the sequel be_ still greater.
The number of persona who wear the very finest cloth
does nor increase in the same proportion as the number
of rump wool. There ict, Therefore, a gloomy prospect
for the great wool dealers, who, during the last two years,
have suffered more loss, because they were so impruden
as to abuse their credit in London on depots of wool,
and would not accept moderate offers on their purchases,
because they estimated the quantity of wool required by Eng-
land
greater than it was, and would nut be content with more
moderate profits than on former occasions. But the prospects
of the Landholders with large flocks of sheep, of the improved
breed, are even More gloomy, who will not indeed cease to
maintain the purity of the breed, but must expect declining
prices. The consequence of this may be that the plan
may be adopted in Saxony also (which the greater poyu-
lation much requires) of letting the large noble estates to
smaller landholders, whose personal industry will be able
to increase the produce of the land by a inure diversified system
of cultivation. Many landowners who have hitherto endea-
voured to restrict' the farmers under them in the,breeding of
sheep, may learn, from the decline of the prices, that such re-
strictions are contrary to their real interests, which call upon
them to preserve a wealthy class of farmers, if the division of
the great estates in Saxony, as has long been the case in Fran-
conia, shall be advantageous to the landholders, us well as to
farmers and the towns. The chief necessaries of life, such as
corn, meat, potatoes, butter, &c. are dearer in Saxony than in
any other part of Germany, partly on account of the heavy ex-
cise, partly from the number of consumers.
We hear nothing of the succession to the Duchy of Gotha
and Altenburg, the regulation of which by the three Courts in-
terestvd in It would be so desirable:—(Allgemeine Zeitiotg,
Feb.

FEB. 22. --illetnlliques, 119 7.16.; Sharo.
1090 1-3.

It is singular that though our " Funds!' have
fallen 420 per cent. in the course of a year, Y"
the French Funds maintain the price of nearly
par. This arises, no doubt, from the smallness
of the debt of France—it being divided among ,u
many small holders, and its paying such good
interest.

Mr. Secretary PtEL, receives constant commu-
nications from the Magistrates of Macclesfield and
other disturbed places. Yesterday at twelve
o'clock the flight Hon. and other Official Gen•
tlemen had a consuliation upon the subject with
the Earl of LIVERPOOL, at his tIOLISe in White..
hall.

A private letter from Lyons states, that in
that city and neighbourhood more than 60U per--
sons have embraced the Protestant faith, from a
sincere conviction of its truth. On one Sunday,
in the course of the last month, 17 abjurations
of the errors of the Church of !tome took place in
the Protestant place of worship.
The following official notice was given at Gib-
raltar 00 the 9th alt.:--" Spanish Consulate.—
The Consul of his Most Catholic Majesty, in
this garrison, informs the Spanish captains, and
the commercial interests in general, that under
date of the 14th January, the Consul-General
of Spain at Paris, gives the disagreeable intelli-
gence, that the Algerine corsairs attack all
Spanish vessels.—(Gibraltur, Feb. 8 )
Num REPRESENTATIVE Prett.----The.death of
Lord CanLEToti has occasioned another vacancy.in the Re-
presentative Peerage of Ireland. Three Candidates are already
spoken of—the Earls of Illicalrn, Mouwreatinitt, and
CILENOALL.
DEATH or Lotto DowNEs.----Tbis very respect-
able Nobleman died,. on Thursday night, at his seat at Mer-
vile, in the 75th year of his age. His Lordship filled the place
of second Justice of the Court of King's Bench in Ireland, for
twelve, years, and was elevatetrto the chief seat on the death of
Lord Kilwarden, in 1803. On his retirement about three years
ago, he was rewarded with the Peerage (an Irish one), and a
pension of 4,0001. a year. His private fortune was very con.
siderable. Chief Justice Downes was always considered an
honourable, upright man, and a sound practical Lawyer. He
teas supposed to have had a strong feeling on the subject of the
Catholic prosecutions in 1810, and proceedings were instituted
against him, for having overstepped his lawful authority in the
arrest of Mr. Taaffe and the other delegates at that period.—
Lord Downes died unmarried, and his title and estates descend
to his nephew, Sir Ulysses Burgh, whose elevation to the
Peerage will occasion a vacancy in the representation of the
-county of Carlow, of which Sir Ulysses, now ord Downes, was
the Member —(Freeman's Journal.)
MAccLtst,t,tn, Sunday Morning.--There was a
disposition Manifested "on Friday evening to renew the riot at
a remote part of the town called the Common. A number at
fellows assembled, and threw large brickbats and stone% Oa
several houses, to the great alarm of the inmates. The land-
lord of a public.house applied yesterday to the magistrates, to
be sworn in as special conatable, and was assured also that
every precaution would be taken to prevent a recurrence of the
outrage. Thomas Brants, who was proved to have been very
active on Monday, at Johnson's (the -baker), throwing out the
loaves, &c., was examined on Saturday, at Guildhall, anti
fully committed to Chester. I cannot describe the sensation
produced when the failure of the Congleton Bank was knows ;
indeed, this week scents to be the very climax of despondency
for, in addition, several failures of eminent persons here are
confidently, mentioned, and 'people talk of the entire ruin of
Macclesfield as the inevitable result. A meeting of weavers is
to be held to-morrow, at 12, at the National School, to consider
the propriety of petitioning against the Corn Laws. It is said
that Mr. Pearson, a large manufacturer, has this week dis-
charged all his men.

THE FUNDS.

'r~--

Congolcy—Closed yesterday .76
A Nei' the Close
This morning opened - 76.'d
In the House of Commons last night, the CHAN..
CELLOR of the EXCHEQUER, in- reply to some• oh-
servations..of Mr. BERNAL, on the repeated
postponement of the Budget, expressed his,
regret at various circumstances .having occurred,
to prevent him from giving the expected State-
ment, he, however, " confidently hoped, that
" making all due and reasonable allowance for an
" unavoidable defalcation in many of the branches of
" Revenue, he should be enabled to shew the
" House that the resources of the Country were
" still fully adequate to answer all demands,
" and fultil every engagement."

On the assurance thus officially given,
01c
Bulls begun this morning to puff Consols,
which, from 761 4, the opening price, advanced
to 77. From that point they receded to 761,
when the hulls again came forward with renewed
vigor—and time Bears becoming fidgetty, began to
buy in their accounts. At 1 o'clock Consols
had advanced to 77i. The Market was fiStiSled
by a rumour, that the visit of Count LIMN
to Saint Petersburgh was taken solely for the
purpose of assisting in the formation of anew
Ministry. On whist ground this necessity for his
presence was so suddenly discovered bf Count
LIVVEN has not been shown ; it is sufficient for time
hulls that in the very teeth of an admitted " de—
" falcation of many branches of the Revenue,"
they were able to infuse confidence in the
Market.

India Bonds - 3 I dis.
3 per Cent. Consols (Money) - -77 g.
Ditto (Account) -77 g.
3,i per Cent. Reduced - - - 863.
New 4 per Cent. . 94g.
Exchequer Bills, 4:1000-1 pm. par.
4:301)--par. pm.
-ClO—par. 2 pro.

l'Oltk;IG N.

This market follow 5 Consols—South American
Securities have improved a Traction, but the
amonot of business is inconsiderable.

Colombian, 1834, 48 ; Wlexican 6 per cents,
6'2 ; Peruvian, 32 ; Danish, 51; Greek, 18;
Spani-11, 101 ; Russian Bonds, 75.