The Sun.
London, England, 1826-11-09 00:00:00

we consider not improbable.

A new entry of.
French troops into Spain is much
;sled of in Madrid, and it is said that a change of

he system of the Government is to be effected by this
Foreign aid.
The affairs of France itself occupy
.I:ut a small por-
tion of these papers., An Qrdinance of the KING,

dated the. sth inst., convokes the Chamber of Peers

and the Chamber of Deputies for the 12th December.
The KING'a girth-day was celebrated on Sunday,
when he received the ,congratulations of the several
authorities. The same day was inaptly selected for
the inauguratio►► of a new Ten►ple of Plutus. This
Bourse, or Exchange, which was commenced
BUONAPARTE, is a magnificent building. The hall
is of immense size, 116 feet by 76, and can contain
upwards of 2,000 persons.

Fasncts Futios.—Paaxs, Nov. 6.—Five per Cents. 99f. 60c.
50c. 40c. 30c. 40c. Vie. 30e. 40c, 35c. SOc. ; Three per Cents.
70f. lbc. 701. 69f. 95e. 90c. 95c. 701.69 f, 90c. ; Bank Actions,
2047 f. 50c. 2050 f. ; Naples Iteutes, 774. 76f. '7oc. 65c. 70c.
'Mc.. Cortes Bonds, 91 4'; Royal Ditto, 491 f. 49f. 49i }.--
Exchange—One n3ontb, 25f. 55c. ; Three months, 25f. 35c.

It is mentioned by the latest accounts from Con-
stantinople, that the Armenian Persian DAOUD ZA-
DOR now DAOUD KHAN). the same who in 1816
proceeded to Paris from th. &hail to Louis the

18th, has just arrived at Constantinople. It is re-
ported that the object of his mission is to induee.the
PORTE to join Persia against Russia. He is lodged
at Kalkeuee, •the ancient Chalcedon, and is said to

Lave solicited permission to reside in Constantinople

The A/Igen:eine Minn& of the 2d inst. has been
received this forenoon. It furnishes the substance of
the additional Convention between Russia and Turkey,
tome clauses of which are likely to be important in

their consequences, if the Convention should ever be
ratified, of which a doubt seems still to exist. The

'ollowing is an extract

ODEMA, ocr. IR.
The following is the substance of the important, addi-
tional convention, proposed by the 'Russian Commission-
ers at Akerinann, and accepted by the Turkish negotiators.
The article Concerning Servia will probably make a great
impression on all the Greeks.
. Aar. I. Confirmation of the treaty of Bucharest which
is to be considered as inserted at full length in the present
convention.

Any. IL Determination
of .the, frond ers in Bessarabia, ac-
cording to Art. IV. of the treaty of Bucharest. The fron-
tiers are to be determined as fixed in the protocol of the
conference of 21st August, 1817, between Baron Stroga-
noff and the Turkish Commissioners.
ART. 111. All preceding Conventions relating to the
Principalities of Moldavia and Wallachia, are confirmed,
The Porte engages to renew the Haiti Scheriff of 1802,
within six months after the signing of the present Con.
vention. In consideration of the present situation of these
provinces, and it having been thought fit to intrust the go.
vernment of them to Moldavian and Wallachian Boyars,
an alteration to which Russia has assented; the Porta ac-
cedes to the clauseti which have been specified for this ob-
ject in the concessions. These clauses relate to the choice
of the Princes which, according to ancient custom, is to be
made by the two Divans, and confirmed by the Porte,
which is only to give the investiture to the new Hos.po.
dare, to tlui,re.eligibility of the nospodars, their deposition,
resignation, and the duration of their Government ; to
regulations for the levy of the taxes and ground-rents, and
the entire remission of these ground-rents for two years ;
to the return of, the Boyars, who have emigrated, during
the revolution, and the number of Beschlis, and Basch.
Beachl"gas, wllieh is fixed. by the Hospodars, and the
respective Divans, 'without any deviation from the propo-
sition fixed before the year 1821.
Art. IV. As Russia, In conformity with the 3d Article
of the Treaty of lineharest, has restored to the Porte the
conquered fortified places in Asia, , the frontier between
the two empire. shall continue henceforth ar it now is.
Art. V. The advantages promised to the &xylem by
the Bth,Artide of the Treaty of Bucharest, shot be give"
to them in the course of a year, after the signiul of the
present convention. These advantages,
requre them, are--the levying of the taxes and groun-
as the Peptides
i

lion to travel with their own passports ; freedom of reli-
gion, and of the administration ofjustice ; the administra-
tion of estates, situated in Servia, belonging to Turkish
owners, but with the obligation to give an account of the
produce; the establishment of schools and printing offices;
the exclusion of the Turks from Servia, except garrisons
in the fortresses, &c.

" Every other demand to be made by the Servians,
which is not incompatible with the duty of good sub-
jects to the Sultan, shall be granted by the Porte."
ART. VI. Liquidations of the concerns and claims of the
subjects of both parties, including the robberies of the
Barbary Corsairs, and the damage done since 1821, by the
violation of the existing treaties. A mixed Commission
shall conclude this liquidation in 8 months, and the gross
amount of the sum to be fixed shall be paid to the Russian
legation at Constantinople.
ART. VII. This article is divided into four points.—
(1) All the points contained in the 7th article of th e treaty
of Jassy in regard to the Barbary powers are retained, and
the Porte farther engages in the time of two months,
after the delivery of the reclamations of the Russian lega-
tion, to make good to the Russian legation, out of the Im-
perial Treasury, every injury done by the Barbary States,
in case the latter shall not immediately do so themselves,
in compliance with the first firmans to be addressed to
them for the purpose.
(2) The Porte promises to fulfil all the obligations laid
upon it by the commercial treaty with Russia of 1783, and
especially the Ist, 31st, and 35th articles, as well as every
thin that guarantees the free passage of ships under the
Russian flag.
(3) The Porte grants the trans-shipment of goods, and
hinders every innovation.
(4.) The Porte accepts the good offices of Russia, with
respect to the admission of all flags into the Black Sea
that have hitherto been excluded from it.

ART. VIII. The ratifications of the present Convention
shall take place within four weeks, or sooner if possible.

Private accounts from Lisbon mention that a note
has been addressed by Sir W. A'CouRT to the
Foreign Ambassadors at that Court, explaining the
circumstances under which a party of British Marines
had been landed to protect the PRINCESS REGENT.

Extract of a letter from Paris :—" It is reported in the politi-
cal circles, that the recal of Mons. de Moustier from Spain is fully
decided upon in the Council. This measure is looked upon as the
forerunner of a clangs in the Ministry. It is a well-known fact,
that his Excellency has reaped a plenteous harvest in the Penin-
sula, of cordons and decorations, for his staunch support of the
Absolutists : he was also the very soul of the Camerilla. Every
thing seems to indicate that M. de Villele is willing to shake off
the shackles with which he has united himself to Russia, and to
form a closer union with England. It is certain that great cool•.
ness prevails between Villele and the Count Porzo di Borgo ; and
the dissatisfaction that prevails at the Russian Embassy is of such
a nature as not to be disguised."

The accounts of the revenue, so far as the official quarter has
expired, are said to be extremely unfavourable ; but as might be
expected from the state of trade, the chief falling off is in the de-
partment of the Customs. We have often found occasion to
blame the imperfect manner in which the official returns are made ,
up, yet though the voice of all men who attend to the subject is
raised to exclaim against their want of clearness, there seems to be
a disposition to lessen rather than to increase the quantum of in-
formation which is doled forth to the public. A moat useful do-
cument, which formerly was invariably attached to the quarterly
returns—viz., the comparative produce of different articles coming
'under the head of excise duties—is now, and has been for a long
time past, wholly omitted. A vague sort of an excuse for this
omission was, we believe, put forth some months ago, by stating
;that the collection of so many duties had been transferred from the
head of excise to that of the custnins; that the miblication of the
:,thival.doeument no longer afforded a fair list of the comparative
return of that portion of the public ieventie. This excuse might
perhaps be allowed to pass current while such changes in the mode
of collecting duties were in progress, :Jut it is of no weight now,
inasmuch as no transfer has taken place of the collection of duties
on any articles from the Excise to the Customs sines April, 182 ;
therefore, the usual table might have been.made public with great
utility, on the sth of July and the 10th of October last, affording
a species of information of much value to men of business, and
the same means which the Treasury heretofore always afforded for
estimating in detail the situation of the public revenue..-- Times.

The Greek Deputies appear to have been as unfor-
tunate in the management of their affairs in the United
States as in Europe. A pamphlet' has been published
in New York by a gentleman who was employed as
counsel for the Deputies in m arbitration which took
place between them and the mercantile houses which
undertook to build the frigates, and puts us in pos-
session of some curious facts, which incontrovertably
prove that the system of jobbing has been carried on
to as great and ruinous an extent to the cause of Greece
on the other side of the Atlantic as in this country.
The following is an extract of the pamphlet in ques-

on

paenardsfrforommtitiehe
Greek
" In the early part of the year 1825, a gentleman of dis-
tinction arrived in the city of New York,
. being the bearer
of instructions from the Greek Deputies residing in Lon-
don, for the purchase or construction of two frigates in
this country. These instructions were addressed jointly
to two mercantile houses in this city, and the gentleman
above referred to. They were accompanied by two letters
of credit front Samuel Williams, of London, in favour of
each of the houses, amounting to 25,000/. each. At the
same time the Deputies assured the houses, that as to the
additional funds that might be necessary, hey would im-
mediately open a further credit, either with Mr. Williams
or with the Messrs. Ricardo, with which latter gentlemen
.a loan for two millions sterling to the Greek Government
had been contracted. The two houses in vestion accept-
ed the commission, and on or about the 14th of May, 1825,
-they coma enced the construction of two frigates-by days'
work. On the 23t1 of May, having draWn for the 50,000/.
on Williams, they drew for the further sum of 25,000/.,
and from time to time after they drew bills on the Messrs.
Ricardo to such an extent, that on the 31st of October
each house bad drawn (including the bills on Williams)
for 77,5001. sterling. In a letter, dated the 31st of Oc-
-tober, they, for the first time, informed the Deputies of
sions which will not be here repeated, they had made a
,
thy probable cost of these frigates, and that, under profes-
total wreck of the' whige."
in describing these
words . used by a cotemporsry,
nefarious transactions.
subsequent details of this
We cannot do better than finish the recital in the
evidence taken before the arbi- '
; d States frigatethe B •
Brandywine,
trators, that the United
liveoak,
pamphlet, eat',
before. of k and completely
built a short time.
frigates; built of in-
cost only 273;00Q dollars, or a little more
equipped, of the . f • • •
of
one of theie Greek frigates, sold
equipment of the other,—(both having
than the
to pay for
.evmusly cost 750,000 ' dollars,)--Ldid not
having pr _
__.
more than 233 'l7
ferior timber ;
bring,. 0 dollars; that after the ex-
lure of 750,000 dollars, or nearly 150,0004,
Pen 1 250 No
more than , dollars more would have been
,necessary to prepare these frigates for sea ; and
~ 'that the one which actually did, sail cost Greece
.about 150,0004, or nearly as much as three large
frigates like the Brandywine. Out of this• immense
i'athfc
'expenditure there were some -very pretty pickings,
'both for the merchants who undertook the job,—the
ship-builders,---the French agent for Greece, and the
A moriesin 111Witorg_ Th. rnprrantilP house: had 10

coning no risk, (as they look to be paid all their outlay
in advance) ; about 61,000 dollars were paid by these
houses to sub-agents appointed by themselves ; a Cap
tail) CHAUNCEY, of the American navy, received
12,000 dollars for seeing that nobody ran away with the
said frigates while they were on the stocks building
850 dollars were paid to an attorney for drawing out
the contract with the said mercantile houses; and
when at last the poor Deputies, in order to:get onset
their frigates at the price which might have purchase('
I nearly a fleet, were obliged to refer their rights to
arbitration; the Hon. Judge PLATT and his two fellow
arbitrators claimed 4,500 dollars for their labour. .
We
shall conclude with the very curious paragraph in
which this American Solomon first secures the reward
of his own wise decision, before he 'gives any decree on
the matters in dispute :
"We do award, adjudge, and determine, that from tie
avails of said ship or ships, and their tackle, apparnh
ture, and equipments, and the other property contained in
the said assignment, or such part as shall be sold by of
pursuant to the terms of the said submission, there albe
first deducted the sum of FOUR THOUSAND FIVN HUNDItr
DOLLARS, fur our services as arbitrators in the premises:

Our silenez with reference, to
the important de
cision which the VICE•CHANCELLOR pronounced on
Tuesday last, as to the liability of non-incorporated
Joint Stock Companies, has not proceeded from ado
inattention to this important subject, but solelY °P tile
ground that this decree 'miiiht be appealed against by
those most immediately concerned, and in which event
it might by possibility be altogether reversed.
the British
The proceedings were taken against
Stannary Company, and the Imperial Distillery C°ln.
pany, and by the decree, the Directors of these Coln;
panies have been held responsible for the sums recive
by them from the Subscribers. It will not fail t°
remarked, that the Directors and the Subscribers st°°'
in exactly the same relative position to one anotber;
and it therefore became absolutely necessary to shiw
some special ground for calling on a court of equity
interfere between parties entitled to the same rights'
vested with the same character, and both, dejuresn3

deft ctoi forming one body of men united in power'
ship together. For it must be obvious to ally 11'it
without some special ground attaching exclu sill" Yt°
one or more of the. members'of the urns firm, 11't
other members could have no legal or equitable rigid'
against them. This special ground has been
found in setting up
their DirectorialFraud.
ttlii,iengDiirnectors are accused of having done sour
tt
This'e
11 l e goefd l farwaudand consisted eguy'
capacities,
o afnii°n u
sn i ity plainer
p stwd th i'c"--tif ler
:1::;*
That naiirneeestohrasdbbadeent:uinserted p in the list of Dire°
torsactual
others
ls iDttohotiuntirsabtoicdtyilsn
body-3d.
,a,uhthorbity—Abs2drv•otrrbilaottig:
the whote number of sharesif:rtlt into y
had ke t • in l',
. P many their own hands, in order, ultimate 3
the on'
fraud.
to retain them, or reject them, according as
—and lastly, that they . had proceeded to deactli tf,
decd
carrying on the proposed operations, before 11
daeed for the regulation of the partnership was prePere
-1 A .lite
etoranurssaecotoirofnthe other might be profitable
It is by no means intended to drip f
then jurisdiction of the Court in Ctllilaneineseerlyves'ill betraytrisacrl
thet
omtialreletae,bwur:
To attempt to do so, would be w be
an utter ignorance of its province and powers' tb;
ye cause fraud in any transaction is preeiselY t of
,rYu.Point which gives jurisdiction to a C°l'r gliy
CourtE'll ItY• But we have great doubts whether ~,
_ anEdfrqauumidtoylstilbenasmt,
aztl)eliexreeseptpotodvishirn
otncoessiitrsy7efillt,lllle: ,c,eirri,
clearest
wnere it is not possible for a reasonable no" t.°o io
rivesend a.t any other conclusion, it 'void be v,iises,
it to a jury ; but we do say that &ado' ' till
or cases of apparent fraud (using the Word lIPPari.V,),
opposition to clear, undoubted, and pooo `iir ;bola
ought to be sent to a jury, and the transtioti°l,ll4s•
or avoided, according as the finding of jury -. We
tiredk or affirmed the existence of fi=ololtauiq
-now it is a rule of both courts of la' °I" ic; 0°
fnever to presume fraud ; and applying this rule ;so,
our alleged frauds, in the two cases under digit° thiq
we put it to any man whether there be snit] icrio
on the face of either of • them treat
"1,0164
to a reasonable suspicion of &s o' • oos
di'ct Ill"' - nuer
at these alleged frauds separately'. therl .-0,1 do
otccnouar
cording
inference
:if:us:ass:l
Alttb.islees:::oo:l
third is the only one that is in our oillion 00.1400
wcooerrui:kaesept back, in ue,r' 1 t-1:1 il°
tionable. But Ist us dissect this chiV' t'iiii slrJt
profitable? We answer,
to retain them. Now in omler ultimately -i-; 1, thig
!hem, where is the overt act of fraud, tlP°° vell`c siii'
instance,, the-shares. were retained or rt./1:4°000e
which
such fact, in the absence of any ottrt,i,e yeri,
teeth to found an intention to defraud, in ' 'tad of
~
Noirot;tpl.....l:lll:oetht
of a long established andiViell-kllOO T... or
equity, these charges are said to be sufficient wort 01
sort the special ground of fraud, and give s C°„fri,
tquity the privir
ege of adjudicating between parts, Opt
Although we have deemed it propfr to,t,b,,r°,ellelf
these remarks on the decision of the ice- jele
et for 10 ,a be
we nevertheless beg to express our rear lin II A
in& and ability ; but at the same time we s—, I (de
paying him but an indifferent compliment, if i'laectet,
to speak out boldly our sentiments upon ", .0560
anwhdiobreasapopenr
however
otwo
euvsertocobnesociolanntrtaryit tei,nanyro,%,ilth Joie
modern • doctrines of Court of Chancery egt!'t/ ;01,1
equity which the world well knows is not just.lere'ito
in fact has but little reference to that first Alta gr
duty of man to man. tc-CO•
e!nies, no particular affection for-their dell„iing joiet*
U'e hare no.great admiration for Joint-sws. -0 pit
Directors, or their. schemes ; but in disliill..6 0
stock Companies, we are not so unfair as to visi ,he
k. }link '
displeasure .on the Directors only. ‘I-- i ("001'
subscribers are equally to blame, for' hovler er ths frso
were' anhtitited, and its dealings rendered pilbilti, and
lar
chievoui, not by the'Directors Only, but bY t 117.1 itot
icnoegfr aa
stihiosetn insbheua
Now
htensa?et amounts t o
their brother subscribers, whose good luel4 sad
merit, has kept them from the directorial eh 1.
AirtiolpiciilP
Pini waa originally concocted, it is evident it:;1 o--
chairs, however, they would have filled wih,, out le
- had boa hsl4l ()

—...i "f nain