The Sun.
London, England, 1842-09-26 00:00:00

late arduous duty they gave evidence, one and all, of
the most anxious desire for the happy termination of
those labours which have led to this joyous celebra-
tion. Mr. Grattan sat down amid loud and long ap-
plause, after giving the following toast The
Health and happiness of the Seven Commissioners at
Washington from Massachusetts and Maine."

The Ibllowing toast was also introduced by the
Committee of Arrangements, to which Mr. Buchanan
replied :—" Our distinguished and esteemed Fellow-
Resident, almost our Fellow-Citizen, the British Con-
sul for New York, James Buchanan?'
"The Health of Mr. Bradley," who assisted in
pleading the cause of M‘Leod, was also drunk.
Lord ASHBURTON then rose and dwelt on the great
pleasure he had had during the day and evening. He
must return his thanks to the people of New York
for the generous kindness with which they had wel-
comed him. He should think of it hereafter with
pleasure in whatever position or place it might be his
fortune to be. That common sense which so distin-
guished his own countrymen, and the people of this
country too, and which had been dwelt upon to-
night, he trusted would hereafter regulate the affairs
soifonthse
otrwosenraiotinosns,dsainpdutpels-e.serllt-e
etheretinmafrbo,m allhecedolelid-
always, would always redound to the p' if
rosperity of
both.

His Lordship then sat down amid much applause,
when, after a few observations from Mr. Grinnell,
and some complimentary remarks by Lord Ash-
burton upon Mr. Jay, the president of the meeting,
at about 12 o'clock the officers retired, and the people
dismissed.

MONEY MARKET and CIT Y
CITY, SATURDAY EVENING.
FROM THE MORNING PAPERS OF TIIIS DAY.
POST.—It was reported that Messrs. King and
would be in a condition to resume their pay-
ments on Monday ; statements to that effect were, in-
deed, hazarded by bankers and others whose authority
in such cases seems entitled to credence, but there
were few who were disposed to entertain them.
The Madrid news, whether conveyed through the
medium of the public press or through private chan-
nels, represents the wants of the Spanish Treasury as
most pressing. In vain has Senor Calatrava, as it
appears—for the truth is beginning to ooze out—
offered the 160,000,000 of reals in the shape of secu-
cities called Treasury Bonds. Neither the Bank of
San Fernando nor private banking firms will advance
him one real of the money at an interest of less than
25 per cent. The new Finance Minister is on his
knees, and by public edict imploring assistance
tiom the citizens of Madrid. The English public
ihould, therefore, be cautioned to be on their guard.
For, with the Three per Cents. here, quoted though
they be at the ridiculous figure of 21, a supply of
money can be obtained by the ordinary and favourite
Spanish expedient of clandestine issues at 15 per
cent. Few persons are, it is hoped, to be lured Into
the purchase of any thing bearing the name of Spanish
it'ter the dear•bought experience of the last ten years.
Treasury Bonds are loathed as much in Madrid as in
London. Indeed, as a Treasury Bond is still a Trea-
sury Bond, be it in the one capital or the other, we are
led to draw attention to what is passing in consequence
of the intimations given us by different correspondents,
and who seem to think that the retribution visited
upon Spain is not only just, but almost as speedy as
.t is deserved. In 1837, when civil war threatened
the capital, this Treasury paper was quoted at 65
per cent., though only 50 per cent., or one-half the.
amount, had become due. It is fair, therefore, to
trgue that such securities, embracing, as they did, the
peculiar privilege of redemption at par, would, peace
being restored, have stood now at, perhaps, from 85
to 90 per cent, or even higher, as the Exchequer paper
.f other countries does, had good faith been observed.
There was, however, a total disregard of the engage-
.nents in question. All evaporitted in idle, impudent,
and hollow promises. This fact is worthy the attention
)f General Sancho and LI. Borrajo and his financial
co-operators. It is one that speaks volumes ; such
truths render argument needless.

CHRONICLE.--Affairs in the City are very quiet,
and very little business doing. Additional gloom,
however, has been thrown over the mercantile com-
munity, by the announcement of the suspension of
payments of :Messrs. King and Melvin, corn-factors
high standing. It is confidently reported that
they will resume payments in a few days. Their lia-

!)ilities amount to about 180,0001., mid it is under-
,tood that their assets amount to a much larger sum.
ft has had the Effect of increasing the value of money
a little, or rather, to make the monied class more par-
ticular and cautious in discounting.
SUN.—Little alteration was visible in the prices of
the English Funds; the market, however, was firm.
Consols left off at 924 923- for Money, and 93 sellers
for the Account. India Stock, 249 251 ; Exchequer
Bills, Old, 50 52 ; New, 49251 prenii4m.
ie prices of Foreign SedUrities were—Belgian,
102 103 ; Dutch Two-and-a-Half per Cents., 513 ; ,
the Five per Cents., 102 102 I; Danish, 813 k 84k ;
:tral Braziliar, 66 67.

The -nominal quotation Tor 'Meican vas 35
In the Share Market, London and Birmingham
•.•ere 182 184 ; Birmingham and Gloucester, 40 42;
Great Western, 81 82 ; the Half Shares, 59 591;
..iouth Western, 571 ; North Midland, .56 58; the
New Shares, 271 281; South Eastern, 22 22+ ;
Eastern Counties, 8i ; Madman, 6i 7; and
Brighton, 3311 32i per share.
The quotations of the Bonds were—Colombian, 201
21 ; Peruvian, 151 16-; Portuguese Five per Cents.,
351 35!1 ; the Three per Cents., 21 211 ; Spanish
Five per Cents.; 16 16+; Three per Cents., 21 21i.

BUENOS AYRES BONDS.
TO THE EDITOR OF THE SU.N:

Sin,—lt appears that my letter, inserted in your
paper of the 17th inst., on the comparative quotations
of the Chilean and Buenos Ayres Bonds, has pro-
duced some little excitement amongst the holders of
die latter Stock.

The intelligence received on Wednesday last of the
flourishing state of the finances of the Buenos Ayres
Government, removes all doubt of the capability of
that country to do justice to their foreign creditors,
and it may not be irrelevant to add that I have been
officially informed, that in the message to the Legis-
.ature in the spring of this year, " The Government.
of Buenos Ayres made a solemn declaration of the
subject being under its anxious and most serious con
iideration." I therefore hope, with such feelings, it
will be their determination to pay in full all arrears
of dividends, as well as principal; thus firmly esta-
blishing the credit and honour of their country in
the opinion of the British merchant and capitalist,
and replacing their bonds as A I, in the Stock Ex-
change list.
I trust, also, that the mediation of th's country
will be successful in speedily settling the differences
tJetween the Argentine and Monte Videan Republics.
Not only does our commerce materially suffer by
these petty wars, but the revenue loses considerably
in the Income-tax, by default of the non-paying-
States to their English creditors.
I am, sir, yours, &c.,
A. CONSTANT READER AND SUBSCRIBER.
Sept. 24, 1842.

FALL OF EARTH ON THE LON-
DON AND BIRMINGHAM RAILWAY.
• TO THE EDITOR OF THE SUN.
Sin,—l beg to inform you that an extensive fall
of earth took place this afternoon in one of the cut-
tings on the London and Birmingham Railway, in
thueenveiceinoitty
tobfisa
apclacidce the “mixed train" from
termed Budbrook. In conse-
glondon, which ought to have reached Coventry at;
six o'clock, did not arrive at that station until very
nearly eight o'clock P.m. The fall of earth had bee- ii
discovered in time to furnish the usual signa of
have
referred, to the approaching• down train to which I h
willn be instid until scrutiny
referred, otherwise a catastrophe most awful Ae
calamitous must have been the consequence.
thatan-
ithe
railwaysno
instituted of the condition, from day to day, of the cuttings and
emlhapirike:liiwent, irtsSon, tA
sacrifice of lives more precious thi
beians shall startle the country " f an
ithose of ple-
I was one of the " detcmus" at Coventry,rom ts propriety?'
during a space of nearly two hour,, awaiting,
tram.—l am, Sir, yours r the arrival of the
Qspectfully,
Leamington, Saturda s' J. B. SMITH.
y ight, Sept. 24, 1842.
D-

- - - -- --==-•—•
VISIT
JUNK ELD.— QUEEN, S TO SCOTLAND.—Great
ttul numerous as were the attractive scenes witnessed
luring her as
visit to Scotland, there was not a
more Imposing
sight than that presented by the 1,200
highlanders in their costume, and headed by their noble
~thieftain, Lord Glenlyon. The Duke of Leeds and the
hon. Captain James Murray, brother of Lord Glenlyon,
were also in the full garb of their clans, with their clay-
mores and targets, and the once formidable and still
effective Lochaber axe. This fine body of men were
encamped in the beautiful grounds of the ,Duchess of
Athol', having the majestic craigy Barnes for a back-
ground. Some idea of the encampment may be formed,,
as we are enabled to lay before cur readers the dimen-
gions of the different tents erected fur their accommoda-
tion t—There was one stupendous marquee 100 feet in
' length and 36 feet wide, eighteen circular tents 42 feet
in circumference, four officers' tents 22 feet by 14 feet,
with others of various sizes. The Queen's magnificent
pavilion, under which covers were laid for the royal
party by Messrs. Gunters, was placed opposite the
cathedral (a fine remnant of the -ancient ecclesiastical
most deservedly admired
ainndiltlllesrection by Mr. Benjamin
dtBc*is273,tillaTuedkd)C-street, Southwark, who supplied
,f;s(t)cirrgut.cii
the whole of the marquees and tents, and who was as
i'ieg.' rtteoasns t,oeio.
successful in his arrangements at the princely entertain
ment given by the Duke of 13uccleuch to her Majesty at;
Iliclunond, and at the installation of the Duke of North-
umberland, when he had time superintendence of the tent
rand decorating department, at the Fitzwilliata Museum
C.4rand Ball; and the splendid fete at St. John's colieei,
Cambridge.—Glebe