The Sun.
London, England, 1842-12-16 00:00:00

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tiated at from 6to g per cent A sale by order of tie
Court of Chancery took place in New York on the
24th November, which sold in 1836. for 4Q,600 doffs.
The same property was purchased, at the above-
mentioned date, for 22,100 dols. Several pal eels of
Pennsylvania Stock were offered to public sit;'?, in
lots, on the same day, the Governor and Secretary
of State being present. These Stocks, which paid
dividends in 1841, and which cost 2,925,799 d 015..„
were not to be sold under a price fixed previously.
The Executive reserved the right to buy in the stocks
on behalf of the State. Of 3,750 shares of the Penn-.
sylvania Bank Stock, ten were put up at 50 dots.,
and not sold. Ten shares, out of 5,233 Philadelphia
Bank, were then put up at 65 dols., and not sold.
Farmers' and Mechanics' Bank Stock, and Oehryhill
Navigation Company, also passed without bids. Penn-
sylvania and Ohio Canal Company, 90 shares in nine
lots, bid up to 46, 59, 60, 69, 72, and 73 dell., when
the sale was stopped. Ten shares cf the Colum•
bia Bridge were bid in at 81 dols. per share. An un-
successful attempt was then made to sell some
of the "no dividend stocks." For the Peien
Canal no sales. Twenty shares of the Chesapeake
and Delaware Canal were bid in by the Secretary of
the Commonwealth, at 20 dol. The sale was the►s
adjourned to the Ist of March. We take the above
account of the proceedings from the New York He-
rald, which adds :—" Thus ended the imposing and
novel ceremony of the Executive of a sovereign State-
putting up its property to sale for the means of
paying its debts. Mr. Nicholas Biddle has published
a series of letters in the American papers, advonating
the doctrines of good faith, and the sacredness of
public engagements. He denounces the " repudiators'
in the most severe terms. What effect such advice mar
have from that notorious person remains to be seen,
but we wish the good cause had been in other hands.

POST.—The-advertisement of the payment of
dividends on the Three per Cent. .Spanish bonds,
being for the fourth half year, includes no provision
for the payment of the TEasury bonds formerly
advertised to be paid off, aid now more than six
years overdue. The holders of the said securities,
accordingly, repeat their well-founded complaints of
the treatment to which they are subjected at the
hands of the Spanish Government, as exhibited in
their total neglect of those privileged and
.preferable
obligations. Down to the present day they have never
received one farthing of their due, either in interest
lor principal, altbdugh the payment of the one and thy
other was advertised in the London journals just as
that of the dividends on the new Tillie per Cents., a
recently accrued debt, is advertised at the present.
time ; and the partiality shown in the bUsiness is a
very serious aggravation of the more substantial is-
justice practised upon the holders in the long" and
(logged refusal of payment of their legitimate de-
mands. The interest of the Three per Cent. stock is
advertised for payment at the end of the month, but
the capital of the debt accrued only at the close of
1840 ; while of the Treasury bills advertised for pay-
merit by the Ambassador, both principal and interest
Were due in 1837. Of course, nothing can be more
tantalizing to the sufferers, or more 'fatal to the credit
of their oppressors.
To all but those who are unfortunately implicated
in the heavy losses occasioned 13,3;' tik abandonment of
all financial principle and national heittur, the idea of
another issue of Treasury paper, which has formed a
prominent item. in the ways and means:of the 'lrmance
Minister of Spain, is laughed at as the most insuffer-
able trifling ever heard of, for, with the same class of
paper in circulation, six years overdue on the Ist of
last month, where, it is asked, can Senors Rull and
Calatrava hope to find customers for their new.fabri-
cations ? They must be the most Quixotic of dreamers.
leneral Sancho, the Ambassador, expresses himself
fairly towards the holders of the dishonoured bonds.
He acknowledges to the fullest extent the preferability
of character of the Treasury engagements in ques-
tion ; the agents do the same ; yet no practical mea-
sure is adopted for the relief of the parties.
SUN.—The business in English Stocks is now
so confined to bona fide investments, that a certain
steadiness in prices is in a manner secured, and it is
expected that unless some very important political
event occurs, the large investments of wealthy Cor-
porations, usually made at the close of the year, will
still further strengthen the market. Consols were
931 to 94 for the opening, and Exchequer Bills 50s.
to 525. prem. ; but East India Bonds receded to 455.
and 48s. prem. The Reduced Three-and-a-Half per
Cents. were 101 to 101*, being firm ; but Bank
Stock was steady but dull at 173.
There was a good business done in the Foreign
Market, and all the leading securities wore a buoyant
appearance. Spanish Active Bonds were at a rise- to
19 and 191, and the Three per Cents. to 241 and
24g. Mexican were also rather buoyant at 311 to
31:1 ; Chilian touched 75, without the Deferred;
Brazilian were rather dull at 691, and Portuguese
New Five per Cents. at 388 ; the Three per Cents.
were 23*. Dutch Two and a Half per Cents. brought
.52f to 521.
The Share Market does not increase in activity,
as there is less doing at Liverpool, but holders con-
tinue very firm. The bargains transacted have been
as follows :—Great -Western Railway were 25 ; the
New,
.14 ; the Fifths, .5 ; the Birmingham, 99 ; and
the South Western, 20/ premium. Brightons were
14*, and South Eastern Scrip, 21 discount. London
and Westminster Bank were 11- premium.
The Produce Markets were generally rather quiet.
Further sales of tea are declared for to-morrow.

THE GREAT GALE on LAKE ERIE.
A furious gale took place on Lake Erie on Friday
last and the night following, accompanied by a driv-
ing fall of snow, which rendered the atmosphere ao
thick as to obstruct the vision at a few y'ards' distance.
The weather 'was very cold withal, and we fear the
damage done on the fake was very grgaste The Bu Palo
Commercial of Saturday evening recounts the follow-
ing disasters within a few miles of that port
" The schooner Jefferson, Captain Dougall, Went
ashore at six o'clock last night, about three miles
above Buffalo light house, and is a total wreclf,,at-
tended with a melancholy loss of life—one entire
and five children; together with
afa y mvoiulyn husband,
sbdwoman,an
- wife,an done of the men belonging to the
vessel having perished ! Captain Dougall, from whom
we have the painful recital, says that about two hours
after his vessel beached, the companion-way was
Washed off, and the children and young woman
drowned in the cabin and forecastle. A portion
of the crew had got ashore .in (0t- of help, and
were endeavouring to rescue the :family. The
mate wrapped his overcoat around the woman, and
tried to keep her warm by walking hei to and fro ots
the beach, but she soon became exhatiated and inca-
pable of motion, and was placed in the boat which had
washed up, where she died in a shot time. Her
husband was delirious on reaching shore, and attempted
to escape into the swamp near by, but perished within
a short distance. One of the hands belonging to the
vessel, named James Bruce, got into the swamp, and
was likewise lost. The Jefferson waif bound for that
port., with a cargo of 500 barrels of salt, 40 tons of
iron, and some merchandise, which will be mostly lost.
The crew succeeded about mid-night in getting on
board the brig Olive Richmond, beached below them,
in a greatly exhausted state.
When our reporter reached the vesselthis forenoon,
the figure of the young woman above-mentioned was
discovered standing in an upright posture, in the fore-
castle companion way, frozen stark and stiff, with
hands partly raised in an imploring posture, and her
eyes fixed with a cold and stony gaze upon the Shore.
Of the veFsels heard from, eleven in number, all
have been wrecked, in a distance of some twenty
miles from Buffalo, which is the extent of the coast
heard from ; what the effect has been beyond is un-
known, but it is apprehended will proVe most fearful:
The steamers Great Western and Wisconsin, from
the upper lakes, and due at Buffalo on'Thursday, had
not arrived. The Canal is closed at Rochester and
westward.
GALE ON LAKE ONTARIO.--A letter just received
from Oswego, dated Nov. 19, says—
" We are in the midst of one of our most tremen-
dous westerly gales. A schooner, froin mismanage-
ment, has just been driven on the east bar, within the
piers, and must be lost. I never saw a more prolgious
sea running."
Fureher advices 'we fear will swell -the tide of suf-
fering for days -yet. No steam-boats had arrived
down the lake for 24 hours. We learn verbally that
the Erie Canal, as far east as Rochester, closed with
ice on Saturday night—doubtless from the effect of the
snow fall. fear that by this time the Canal i
nearly closed throughout, greatly to the disappoint.
meat
,and loss of the mercantile community, who have
nowrinillions worth of produce
.embarked on it, or
awaiting transportation the wrong side of Albany.
The water rose five feet in Buffalo Harbour, and
the Rochester packet of Friday night had not reached
Buffalo on Saturday at two P.M.

CONSTANTINOPLE, Nov. 16.--:-This- day Dr. Col-
quhoun, Charge d'Affaires for the , Hanse Towns,
takes his departure hence. He has just concluded a
commercial treaty with the Porte on behalf of his
Government, and is now bound to Athens to nego-
tiate a similar treaty with the Greek Cabinet. Con-
sidering he is not yet seven-and-twenty, it is naturally
thong* somewhat remarkable, and exceedingly cre-
ditable to his ability, that this young diplomatist
should alreadvilave successfully negotiated treaties of
commerce with Periiir and the Porte, and be now, as
I have just said, on his way to Greece for the purpose
of concluding a treaty of the same nature between the
Hanseatic Republic and the Government of King Otho.
Horace Walpole tells the annexed anecdote -of a
humane jailer in Oxfordshire, who made the,follow-
ing application to one of his condemned prftners
" My good friend, I have a little favour to askitif you,
which, from your obliging. disposition I doubt not
you will readily grant. You are ordered for exe-
cution on Friday week. I have a particular engage-
ment on that day ; if it makes no difference to you,
would you say next Friday instead ? "