The Sun.
London, England, 1844-05-16 00:00:00

the intelligence it would awaken, and the accessions
to an economic knowledge it would inevitably develope.

We find little or nothing of importance in the Ma-
drid papers of the Bth, if we except the slaughter of
a number of smugglers on the sea coast of Grenada.
On the 3d instant an encounter took place at Almeira
between a body of these daring outlaws and some
detachments of cavalry. Twenty smugglers are
stated to have been killed and ten wounded, and the
goods they were escorting were captured.
The Spanish Funds still remained very low. The
Three per Cents. on the Bth closed at 29, and the
Fives at 22, both for 60 days.

We find no domestic intelligence of importance in
the Paris journals. The accounts in them, however,
from other quarters, are unfavourable and of a dis-
tressing character. The Poi's, it appears, is as little
inclined to show mercy to political offenders, as the
blood-thirsty Government of Spain. We learn from
Bologna, that the military commission which sat in
that town some time since, had condemned twenty
persons to death, thirteen to the galleys for life,
three to the galleys for twenty years, and two for
five years, with the confiscation of all their property.
Of the twenty condemned to death, fourteen had
their sentence commuted to condemnation to the galleys
for life, and the remaining six were shot at Bologna,
on the 4th instant, at four o'clock in the morning.
The names of the unfortunate victims are—MoNARI,
GOBONI, VARONESSI, LANDI, RABBI, and MIN-
GIIETTI. These executions, too, by the Head of the
Church, excite the more sympathy, as it is generally
admitted that the late insurrection had only one object
in view—the redress of grievances, and that the
system of government in the Legations is the worst
possible. We learn, also, from Munich, that a large
number of arrests had been made in that capital, on
the 6th and 7th instant. No further danger, how-
ever, was apprehended, for the KING, as will be
seen from a letter of his MAJESTY'S, had resolved to
set out for Italy without delay. The following docu-
ments appear in the Munich Gazette of the 7th inst.:--
" I have the honour to notify to the citizens of this capital
an autograph letter which has reached me from his Majesty
the King.

" Doctor BAUER, First Burgomaster.
" Munich, May 7, 1844.
" Mr. Burgomaster Doctor Bauer,—Amidst the crimes so
sorrowful to my heart, of which my capital and residence has
been the theatre during the first three days of the present
month, I have beheld with joy and consolation the firm atti-
tude of the citizens, and the intrepid zeal with which they
have co-operated in the restoration of order; and I have
found fresh proof of the spotless fidelity, and of that good
feeling which have, at all times, and in all circumstances,
distinguished those citizens. The confidence which that
fidelity and that feeling deserve, induces me to undertake,
without any hesitation, now that order and tranquillity are
restored, the journey long determined upon for the strengthen.
ing of my health. I commission you, Mr. Burgomaster Dr.
Bauer, to communicate this to the citizens of my capital and
residence, at the same time expressing the satisfaction their
conduct has given me, and assuring them that my heart is
intent on their welfare, as well as on that of all the faithful
subjects whom God has entrusted to me.—Your affectionate
King, " LEWIS.
" ' Munich, May 7, "

We learn from the Revue de Paris, that the Prince
de JoINVILLB is about to publish a pamphlet, which
is looked to with some interest, and is entitled " Notes
on the State of the French Navy." That journal
gives one extract from it, in which the Royal author
states that he has visited all the ports of France, and
several of those of England, and that the navy, espe-
cially the steam navy, of France is greatly inferior to
that of England, and below what it ought to be, con-
sidering the power and wealth of the country.
On Tuesday the French Funds fully maintained
the prices of the previous day. The Three per Cents.
closed at 84f. 45c.; and the Fives at 122 f. 30c.

THE BOURSE.—TvEsDAY, MAY 14.

First

Highest Lowest Last

Price. Price. Price. Price.
French Five perCente• 122 15 122 15 .. 122 10 •• 122 10
Three per Cents.• .•• 84 45 • • 84 45 .. 84 ao •• 84 30
Bank of France 3120 ..3120 .-3120 ••3120
LafBtte Bank, I,ooof. Sharesll67 50 ..1167 50 ..1167 50 ..1167 50
5,000 f. Sharessl62 50 ..5165 ..5162 50 ..5165
Belgian 8ank..... 6BO .. 680 .• 675 .. 675

1841.... llO5 ..1105 ..1105 ••1105
Belgian Fives, 1831.. ..... )041 .. 105 .. 1041 .. 105
1840 . ..... lO6 .• 106 .. 105; .. 105;
1842 lOBl .. 1081 • . 1081 .. 1081
Spanish Active - 331 • • 331 •• 331
Threes —— • •
Passive 6* •• 61 •• 61 .. 61
New Deferted l4 .. 14 • 14 .. 14
Old Deferred ••. • • • 71 • • 71 • • 71 • • 71
Neapolitan , • 102 25 .• 102 25 .. 102 25 .. 102 25
Roman, cx div •
RAILWAY SHARES.
__ _

St. Germain
Vereaillee,R.B.•. 375 .. 375 •• 375 •• 375
L.B.•••••••••••• 242 50 .. 242 SO .. 242 50 .. 242 50
Rouen •• •• •• .• •••••• •••• 975 .• 978 75 .. 975 •• 978 75

Rouen to Havre... • • • 73s 75 • • 740 .• 737 50 740
Orleans ••• -••• • • • • • • 065 • • 986 25 .. 985 . • 986 25

Strasburg to Bale.. ..... 272 50 272 50 .. 270

•• 271 25

RAILWAY SHARES, FOR THE ACCOUNT.

Wrenlesti.B••• •• . 000000 • 375 .. 375 .. 375
.. 375
.L.B.
Rouen •••• •• •••• • ...... ••• 978 75 •• 980 .. 978 75 . 980
Rouen to Havre.. ...-• 740 •• 740 .. 738 75 .. 738 75
Orleans
Strasburg to 8a1e.... ..... . 272 50 .. 272 50 .. 271 25 .. 271 25

We strongly recommend to the best attention of
our readers a succinct and very able communication,
in another part of our columns, exhibiting a con-
trasted view of the arguments on which the main
propositions in the Government "Resolutions" rela-
tive to the bases of a renewed charter to the Bank of
England, are grounded, and of the principles upon
which the opponents of the
erel en this question. Our
opposition to the views
.Government "scheme," as
Correspondent clearly shows that the analogy tren
announced e In
be-
tween the cases of a Government issuing paper and a
bboyd iseidr,
Robreste
rtth
Government issuing coin, on which Sir Robert re-
lied so much, is not simply untenable, but a very
absurd fallacy. He is not less happy in demon-
strating that the danger of over-issues attaches ne-
cessarily to the Bank of England, even under the
modified system of management_ suggested by the
Government " Resolution
s ; 1 but that, from the ab-
sence of the causes which involve this necessity, as
to the Bank of England, such danger is not to be ap-
prehended, and in the nature of things could not
arise from, the provincial, private, and joint-stock
banks.

TIIE COL:RT.—Her Majesty and Prince Albert, at-
tended by the Royal suite, are expected to arrive in
town about half-past five o'clock this afternoon, from
Claremont. The Prince of Wales and the Princess
Royal will accompany their Royal parents.

A Cabinet Council will be held this afternoon at
the Foreign-office, Downing-street. The summonses
for the meeting were issued by Sir James Graham.
All the Ministers are expected to attend.
MORTALITY TN THE METROPOLIS.—The number
of deaths during the week ending Saturday, May 11,
was 812 ; previous week, 877; average, 883. Deaths
from diseases of the lungs are 28 below the average,
and from old age there is a decrease of 27. The num-
ber carried off by smallpox was 27, being 15 above the
average, and of that number 18 had not been vacci-
nated. During the week there had been 5 suicides.
The thermometer stood highest on Thursday, marking
74.1, and lowest on Monday, 44.3.

SAVINGS' BANKS.
TO THE EDITOR OF THE SUN.

Strt,---When, Sir Robert Peel brought in his op-
pressive Income-tax Bill, he distinctly stated that he
should exempt the " Savings' Banks" from its opera-
tions ; and yet, in no very great length of time after-
wards, he brings in a Bill for the reduction of in •
terest, not certainly to the extent of sevenpence in
the pound, as in the case of the fundholder, &c., but
to an amount which, proportionably to the poor man,
is more heavy and severe. It is generally believed
that, notwithstanding the frequent remarks of certain
interested persons as to the country being losers by
these safe depositaries of the poor man s earnings,
Government are gainers to an extent of not less than
35,0001., and if a return could be obtained of all the
sums paid and received for stock, Exchequer bills,
&c., purchased and sold, with the prices of such sales,
it would be clearly seen that the above sum is not
over stated.
The public should, also, know the amount in
Government's hands of the " Surplus Fund"—there
should be no mystery in banks of any kind, still less
in the " Poor man's bank." The reduction of interest and
limit as to amount, in the Bill now before Parliament,
is a great injustice to the working man, and will go
far to annihilate a very considerable number of the
smaller banks, as it will be impossible for them to
exist under the present Bill. Thus, then, incalculable
advantages derived to the working classes, and to the
country generally by these establishments, will be
frittered away; and the vain boast of Sir Robert Peel
on introducing his famous Income-tax Act, that
" he would not touch the funds of the Savings' Banks"
falls to the ground.
I am, Sir, your obedient servant,
May 11, 1844. VERAX.

LADY BROUGHAM'S ASSEMBLY.—Last night her
Ladyship had an assembly at her residence in Grafton-street.
Above 250 persons of distinction were present, including the
Lord Chancellor, Duke of Buccleuch, Sir George Murray,
Sir Frederick Trench and Lord Ashley, who came from the
entertainment at the Mansion-house in their full dress, the
Duke of Wellington, Duke and Duchess of Buccleuch, Duke of
Cleveland and Lady Augusta Paulet, Countess de St. Aulaire,
Marquis of Normanby, Marquis and Marchioness of Ailes-
bury, his Excellency Prince Castelcicala, Marquis of Salis-
bury, Marchioness of Clanricarde and Lady Elizabeth de
Burgh, Marchioness of Westmeath, Lady Lyndhurst, and
Countess of Jersey.
The receipts of the London and Brighton Railway
for the week ending 4th May, were 3,547/. 63. Bd. In the
corresponding week of last year the receipts were 3,0824