The Sun.
London, England, 1842-08-09 00:00:00

excellent opportunity will be afforded us. We trust
the In, Ban Government will know how to turn our
first
Si iccesses to good
P:eccount. We must in the first
place retake the city
of Caubul and the fortress
the I rincipal Cities in Affghanistan. We will then be
inill a condition to propose our own terms to the chiefs.
T $ ' Will I',e our time to propose the retirement of
o gi • troop', across the Indus. By voluntarily with-
We have just received the Report of the Commis- irlivin's from Caubul, we shall not in the least
'
shon to inquire into the Exchequer Bill affair. After weak,3/1 the opinion entertained of our invincibility
by 'the Princes on the confines of our Indian empire.
-a patient and laborious investigation, the Commis-
sioners divide the holders of those Bills into four 1 Tliey have felt our power, and comprehend the sta-
class.s, and report generally and summarily of them I bil-ity of its basis, too often to occasion us any more
as follows : ; trouble. Our Indian Empire is no longer an empire
. 1
CT Iss I.—As to the first class, consisting of the whole of opinion. It is a Government of force, physical
of the parties above 'mentioned, with the exception o .
and mental, which no native race is able to cope with.
ribose that will be hereafter particularized, we cer tif,
1. It is not like the image in the King of BABYLON'S
that we find them upon the evidence to have become r
re dream, having a head of gold and feet of clay. We
,sx,pecnntively the holders of the bills with which they s.
ted, in the usual course of business, and with( ,ut hwire, therefore, nothing whatever to occasion us any
knowledge or suspicion that they were other than Vie.
alExm on that score. We are as firmly fixed on the
-mine, or had been improperly obtained by any pe' .se,
I sinks of the Hooghley as we are on those of the
whatever, and under circumstances which warra' it no
inference
of their having acted with want of Ifiroper i ' names, the Tweed, and the Liffey.

443 t ;44 gAlit

caution.
CLASS IL—As to the serond class, consisting of the
following parties, viz, James Shaw, Bart., and
Messrs. R. and W.. Hie:nens and Harrison, we find them
to have become resysctively the holders of the bills with
which they are rannected, in the usual course of
busi-
nese, and withor,r, knowledge or suspicion that they wore.
other than ger.uiae, or had been improperly obtained by.
any person V hatever. But circumstances appear upc
the evidence. which tend to raise some doubt upon
question, whether these parties have acted or not w Ath
want of proper caution. If that question were left to our
judgment, we should decide that there is not upo• a the
whole sufficient ground for such an imputation r ,gainst
either of them.
Cea.ss lII.—As to the third class, consisting a
,f Messrs.
Ransom and Co., Messrs:Price and Co., Mr. John Wray
. Scott, Mr. H. Tomkins, and Mr. L. Levy, • dee also find
them upon the evidence to have become respectively the
• holders of the bills, with which they are '--onnected in the
usual course of,le,usiness' and without I:.nowledge or sus-
picion that the y.were other than genuine, or had been
improperly °Patented by any person whatever. But cir-
cumstate.ter. exist in the case of all these parties,
which Appear to us to occasion more difficulty upon the
question with regard .to want of proper caution, than
arises with respect to the second class; and we feel too
mush doubt upon that question as concerns the class
now under consideration, to be able to submit to your
:IN'llkieSty any opinion of our own upon the subject.
CLASS IV.—We now arrive at the consideration of
the fourth and last class, in which we place William
:Mariner, Francis Towneley De Berckem, William and.
James Morgan, and Edward Lloyd Morgan : for of Ra-
pallo it is, of course, unnecessary to say anything further.
With respect to William Mariner, Francis Towneley
De Berckem, and William and James Morgan, it is our
duty to state that the evidence in relation to them, and
even that part of it (singly considered) which co-isists of
their own statements, some of the most prominent re-
sults of which are noticed in the early part of this Re-
port, has impressed our minds with a doubt whether, at
the time when the bills with which they are respectively
connected, and which now form part of the subject of
oui."inquiry, came to their hands, they did not all sus-
pect that such bills hadbeen obtained by Rapallo through
the-medium of some fraud. And, on the other hand; we
itni,eziai,n no doubt that, supposing any of them to have
been without such suspicion, he is at least chargeable
with want of proper caution in having become the holder
of the bills under the circumstances detailed in the evi-
dence.
With respect to Edward Lloyd Morgan, we collect
that he had no interest in any of the transac-
tiens,in question, and negotiated the several bills which
he received from the firm of William and James Morgan
in the capacity of their clerk or agent only; though, as
between him and the several parties to whom he de-
livered the bills, he was the ostensible negotiator. llis
subordinate position with respect to the firm, and the
fibal relation in which he stood to the senior partner,
entitle him in some measure to more favourable con-
str..ction than the members of the firm themselves. But
he was, by his OWII admission, so well acquainted with
the nature and extent of their dealings with Solari and
Rapallo, and negotiated so many bills which he knew at
the time to have been received from those parties re•
spectively, that we feel ourselves obliged to express the
acme doubt with regard to him that we have above ex-
pressed with regard to his employers. There is, how-
er, one case differently circumstanced from the rest,
we mean Case 1., in which the firm of William and
James Morgan appear to have had no concern wh Sever,
au:l in which he acted entirely on the private account
of. Mr. Cook. In this particular case we feel no difficulty
is pronouncing Edward Lloyd Morgan clear from all '
impzuation either of fraud or negligence.

There is no political news of much importance in
tlTe French Journals. In the election of President
Vice-Presidents of the Chamber of Deputies, the
Ministers have obtained a signal triumph.

The Moniteur, of the ith of August, publishes in its
official part a note, stating that the King had received
hitters of condolence on the death of the Duke of Orleans,
from their Majesties the Kings of Bavaria and Wurtem-
burg, from his Royal Highness the Grand Duke of
Hesse,!and from the Senates of Hamburgh, Lubeck, Bra-
men, and Frankfort.

It is affirmed that the project of law on the Regency
will be examined for the last time in the Council which
will be held to-day.
The Ayuntamiento of Barcelona, has resolved to send
a deputation to ➢Madrid, consisting of two of its mem-
bers, Messrs. Bech and Massadas, to ask for the demo-
lition of the building in the interior of the citadel.
The artillery of the National Guard has received a
considerable quantity of powder. It is seriously in con-
templation to complete the train of equipages, and to
improve the materiel.

General Zurbano was to arrive at Puycerda on the
30th of July. The rebels on disbanding themselves,
delivered up the prisoners they had taken, and their arms,
without ransom. Jose Costa, who signed, as secretary,
the proclamation of Felip, has been arrested by the
French gendarmes, and St. Laurent de Cerdans, and
lodged in the prison of Perpignan.
The bands which desolated the province of Gerona
are retiring towards the coast, where they hope to find a
place of refuge.
The Moniteur Algerien, of the 30th of July, announces
that there were at Algiers many Arab chiefs, who had
come to offer the submission of their tribes. The roads,
to the distance of twenty-five or thirty leagues, were
quite safe even for single travellers, as well European as
natives.—Commerce.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The purchases in the Funds have not been so exten-
sive to-day as they were yesterday afternoon, neverthe-
less a fair amount of business has been done, and Con-
sols hare advanced to 91+ 92 for Money, and 92 fur the
Account. Three per Cents. Reduced 91+; Three-and-a -
Half per Cents. Reduced, 1011 ; New Three- and-a-
Half per Cents. 1001; Bank Stock, 170 171 ; India Stock
249 250 ; Exchequer Bills, Old, 53 ; New, 49 51 prem.
In Foreign securities Dutch,Two- and-a-Half per Cents.
are 518 52 ; the Five per Cents., 101* 102 ; Belgian,
1014 1021 ; and Danish 83.
It will be observed that the impression which a late
Act of Parliament had created in regard to deduction
of the Income-tax from dividends on Foreign Stocks,
when on foreign account, is incorrect. The report had
caused much dissatisfaction, but the answer of the Chan-
cellor of the Exchequer last night will be sufficient to
remove such feeling.
The quotation for Mexican is 35+.
The Shares which have changed hands to• day have
been but few; the market, however, is very firm, without
alteration in prices.
'the Bonds which are quoted are only Spanish, the
Five per Cents. at 20+, the Three per Cents. 19+.
A private letter arrived yesterday from the Cape of
Good Hope, written by an observant and highly
respectable party gives a good account of the present
condition of the colony. The increased attention which
had been directec: towards the production of wool, and
to the fisheries, had been productive of much general
banefit, and to a great extent counteracted the depres-
sion consequent upon the failure of the wine trade. Here
however it would appear that the great drawback to
further improvement, which is operating in like manner
in other countries similarly situated, is the want of
labour. Every inducement is 'offered for immigration,
and it would seem, from statistical accounts, that it is
not without foundation. Such Europeans as have engage.
in farming operations, particularly in the new settlements,
are stated to be doing well, arid the immense increase
not only in the quantity, but the improvement in qua-
lity of what have now become the staple articles, lead to
the conclusion that the statements of the rapid advance
which this place is making have not been exaggerated.
PRICES OF SHARES Tins DAY AT ONE.
It A ILWA YS. Paid. Per Share.
London ant' Brighton
Ditto Loan Notes
London and Birmingham g 0

- .~~m---

In the House of Lords last night Lord FORTESCUE
moved for certain returns, with a view to show that
crime had increased in Ireland since the accession of

the Tory Government. The Noble Lord followed in
the footsteps of Mr. O'CONNELL last week in the
House of Commons. He denounced the judicial
conduct of Chief Justice PENNEFATIIEU at Armagh,
as that of an advocate for the Crown, rather
than a Judge ; and he censured the Irish
law officers of the Crown for employing spies
and infbrmers as approvers in trials for Rib-
bQuism. The Duke of WELLINGTON granted
t'ie returns without ttny hesitation. His defence of
P 1 NNT:FATIIER he rested on the high character

Ditto I Shares —

JOINT STOCK BANKS.
Australasia(Neiv)
London and Westminster . .. 20
Union of Australia ...... 25 '293...... to
Union of London lO .... 10
MANCHESTER STOCK EXCHANGE, AUG. 8 —No ma-
terial change has taken place in Shares since our last
report. The sales are—Dublin and Drogheda, 17 ;
Eastern Counties, New, 81. 7s. 11d. ; MancLester and
Leeds, 771 ; Manchester and Salford Ban!.-..tt, 104, ex div.
CLOSING PRICES.
BRITISH FUNDS
Rink Stock
3 per Cent. Red. .... 921 Ditto Bonds ....... 33 pm
3 per Cent. Con• 9ll Ditto Old Annuities
31 per Cent. Red.. lOl4 Ditto New Annuities...
New 31 per Cent... lOOl Ex. Bills, 1,000/....2d. 49 pm
1N1,,w 5 per Cen' Ditto 5001...... 51 pm
Long Annuities to expire Ditto Small ...... 51 pm
Jan. 1860 ...... 12 9-16 Bank Stock for Acct....
Oct. 1e.59
Jan. 1860 l2 5-16 Consols for Acct....... 911
FOREIGN FUNDS.
Portuguese, 5 per cent.
Ditto, New Ditto
Prussian, 5 per cent.
Russian, 5 pei
Ditto, Metallic .....
Spanish, .5 per cent.
Ditto, Deferred.... .
French, 5 per cent. —f. —e.
Exchange
French, 3 per cent —f.
Dutch, 21 per cent. 513.
Ditto, 5 per cent. .. ... 102
,RES.

f that d'stinguished Judge. With respect to the spy
1.-tc.VN, the Duke of WELLINGTON said that an
::riquiry had been ordered .by the Govern-
ment, and that if it were found that he in-
veigled men into Ribbon Societies with • the
knowledge of the Magistrates, such 'Magistrates
should be punished. We trust the inquiry will
be a searching one. We have not the least
doubt that if such be the case the number of Magis
trates implicated will be very considerable. We
question, however, '.whether the Tories will have the
courage and the public spirit to hold up to general re-
probation the conduct of their friends.

Lord PALMERSTON brought the question of the re-
ported withdrawal of the British army from Affghan-
istan, before the House of Commons last night. It
will he remembered" that the Bombay papers brought
by the last Overland Mail, stated distinctly that it
was currently reported, and generally believed in
India, that Lord ELLENDOROUGII had given orders
for the speedy evacuation of Guilin], and the retreat
of the whole of the British troops west of the Indus.
The Editor of the Calcutta Star, asserted that he had
himself seen a copy of such an order, which had been
issued from the Adjutant-General's office. What
Lord PALMERSTON then wished the I'remier to in-
form the House was, whether such an order
had been issued ; and to leave no doubt as to his own
impressions upon the subject, he expressed a hope
that the answer would be, in the Legative. Sir
ROBERT PEEL declined answering the question, on
the very reasonable ground that he might prejudice
the public service by so 'doing. There was at pre-
sent a British army at Candahar, and another at
Jcilalabad, and as six or eight -weeks. would be suffi
cient to convey any revelation which he might make
to the Affghan chiefs, he very properly declined to
give any answer to Lord PALMERSTON'S question.
Now the inference which we draw from the 'silence of
the Premier is, that the evacuation of Caubul is
resolved upon by the Indian Government. We quite
approve of this resolution, upon certain conditions, of
which Illae.inost important are that the prisoners be deli-
vered up without ransom ; that punishment be inflicted
upon the murderers of the Envoy, in the event of it

Anstrian, 5 per cent
Belgian, 5 per cent
Br.ailian Bonds..
Buenos Ayres 6 per cent
Chilian, 6 per cent
Colombian, 6 per cent —
Ditto, 1824
Danish, 3 per cent. B3
Greek, 1825, 5 per cent.
Alexican, 5 per cent cent
Ditto, 6 per cent. 1837
Peruvian, 1825,6 per et.

- i
SHA;

Easiern Counties 1,..1i...., k ;44 Ta id ) ... ..... SA
Edinburgh and Glasgow (50 paid) ...... 47A
Great Western Railway (65 paid)
Loudon and Brighton (50 paid)
Ditto Loan Notes (10 paid)
London and Birmingham ( 90)
Ditto Quarter Shares (25 paid)
London and South Western (4116 s 10d pd) 624
North Midland Railway (100)
South Eastern and Dover (50 paid) 221

VAUXHALL GARDENS.—MdIIe. Caroline made her
second appearance in the circus at these gardens last
night, and delighted the world of London with noble
horsemanship—horsewomanship we should say. Mdl e.
Caroline makes her appearance in the circus, not in
spangled muslin, standing and capering on the saddle,
hut attired in a splendid riding-habit, and seated on a
horse which might serve as a model for a sculptor. With-
out exaggeration, we may term the grace, the elegance,
the carriage and maintien of horse and rider perfection
itself.. We could not give the faintest idea of the exhi-
bition by any description. To be understood, nay, tole
imagined, lidlle. Caroline and her horse must be seen.
After performing several beautiful evolutions, in the course
of which Mdlle. Caroline caused her horse literally to waltz
round the circus, he reared high and fell back upon his
haunches, rolling over upon his side. A cry burst from
the audience of " Save her ! save her !"—the master of
the circus sprung over the palisade, but ere he could
reach her she had raised the horse to his feet again, with-
out having either lost her seat, or been even shaken in
the saddle. This feat was hailed with tremendous
cheers. The other portions of the entertainments of the
evening passed off with their usual eclat. We could wish,
however, whilst giving the praise which is justly due to
the proprietors for catering so bountifully and tastefully
for the public entertainment, that they would take a hint,
and by causing the several performances, into which the
amusement of the evening is divided, to follow upon each
other a little more rapidly, permit the entire to close
somewhat earlier than at present.
NOVELTY IN THE .AUSICAL WORLD.—A good
deal of attention has recently been draw n towards a new
instrument, which it is supposed will eventually supersede
the present piano-forte, as it possesses all the advantages
ut that instrument, together with others, which make it
more durable in tone, give it a greater compass for its
size, and render it a more fitting decoration for the
boudoir or the drawing-room. It is termed the Eupho-
nicon, and is the invention of a scientific gentleman of
fortune, who has devoted several years to rendering this
result of his great judgment and ingenuity worthy the
the consideration of the first connoisseurs in art. Mr.
Beale, of the house of Messrs. Cramer and Co., of Re-
gent-street, is entrusted with the introdueticn of the
Euphonicon to the public, and it is but an act c f justice
to that gentleman to state t
that he very fairly es.t iblishes
the great superiority of this instrument over a;1 others
for a like purpose. The Euphonicon's great durability
appears to be strongly urged, and the fact of its:tone
being improved instead of being diminished by ake, is
not lost sight of. The appearance of the instrumAt is
splendid in the extreme ; there are few objects 710 be
seen in palaces more recherche.
A dinner was given by several members, of the
House of Commons at the Clarendon Hotel, oa Saturday
to Lord Mahon and Mr. Sergeant Talfourd, to celebrate
the passing of the Copyright Bill, at which Lord Nont-
eagle (in the absence of the Chancellor, who was pre-
vented by indisposition from attending) presided.
Amongst the company present were Lord Campbell,
Lord Lyttelton, Lord Ashley, the Attorney-General, the
Right lion. W. E. Gladstone, and Sir Howard Dodglas•

not being proved that he, really plotted the seizure of

the Affghan chiefs ; and that hostages shall. begiven
us for the future amicable conduct, of the Affghan
*people, with facilities for trading with the' several
tribes in their country. In the dethroning of the
Ameer DosT MOHAMMED—in the' occupation of their
cities and towns by British soldiers—and in the
treating the Sovereign, whom we set over them as a
mere puppet in the hands of an English Envoy at his
Court, we have inflicted upon them wrongs as deadly
as any which they have retaliated upon us. The
Affghan war, begun, as we now learn from the private
papers recently published, in monstrous injustice on
our part, has already cost us seventeen millions ster•
ling.. To carry it on with any degree of spirit could
only be done at a monetary expense alone of three
millions sterling. Now, the worst of it is, that the
Affghans have neither gold, nor silver, nor precious
stones, to recruit our Treasury, should we beat them
to our heart's content. The sacking of their capital
would not supply 'money enough to 'provide rations
for the army for a single week. There are no crores
of rupees to be picked up in Affghanistan as there
were in the rich cities of the Mogul Empire in the
days of Crays and. HASTINGS. All we have to ex-
pect is abundance. of hard blows. These, doubtless,
we shall repay with heavy interest ; but barren vic-
tories are not much to the taste of British armies.
Officers and men judge of the value of the
praise by the solid pudding which accompanies it, or
to which it is but th.. prelude.

We are as opposed as Lord PALMERSTON himself
to anything resembling a forced retirement from
Caubul. We are not for showing our backs while
that country contains an enemy in a condition not to
pursue, but ever ,t, enace us. We have entered
Affevtistan as al
~ us leave it in the same high
c .'• . .B 7 strr few vigorous blows an
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