The Sun.
London, England, 1845-11-28 00:00:00

MAIN'S AND SON.

This day, pursuant to circular, a meeting of the creditors
of Messrs. Richard Williams and Sons, bankers and stock-
brokers, was held at the counting-house of the firm, in Dame-
street, in this city. The result, we are happy to say, fully
bears out the anticipation of a satisfactory arrangement. All
the principal creditors were in attendance. The claims
against the firm amounted to about 100,000/., their assets
to 116,000/., leaving a very considerable balance, and a rea-
sonable time only was required to meet every engagement
in full. This statement of the affairs of the firm was so
favourable, that general surprise was expressed at the sus-
pension of business, when, if moderate accommodation were
obtained from the Bank of Ireland, there need not have
been any interruption. Whether such accommodations wore
applied for did not transpire. The creditors at once con-
sented to give even more time than was asked, and ulti-
mately it was arranged that the payments should be made
at periods of six, twelve, eighteen, and twenty-four months.
This is the only failure, if failure it can be called, of an
extensive firm that has taken place in this city for a con-
siderable time ; and as the firm of Williams and Son has been
one of long standing and of the highest character, it is very
gratifying to find that it will be able fully to meet its en-
gagements. The firm will continue business, as stock and
sharebrokers, as well as notaries to the Bank of Ireland.

A curious illustration of the circular theory of
storms has been afforded by a circumstance recorded in the
log of the Charles Heddle. For four days, from the 25th to
the 28th of February, in this year, she scudded round and
round in a hurricane circle, during which time she ran up-
wards of 1,300 miles, and the direct distance made by her,
from point to point was only 354 miles.—Falmouth Packet.
WINDSOR, WEDNESDAY EVENlNG.—Arrangements
had been made for the departure of the Duchess of Kent to-
day from Frogmore House, to pay a visit, during the absence ,!
of the Court from the Castle, to her Majesty the Queen
Dowager, at Witley Court. In consequence, however, of her
Majesty's not having entirely recovered from the effects of
her recent indisposition, her Royal highness postponed her
intended visit for two or three days. Intelligence having
reached Windsor this afternoon that her Majesty is now con-
valescent, her Royal Highness will proceed to Witley Court
on Friday, and remain upon a visit to the Queen Dowager
until Tuesday or Wednesday next.
SHANGIIAL—Letters received from this port in-
form us, that the trade is going on pretty well. All the teas
and silks brought forward are finding purchasers at high
rates, but long cloths, the staple article of English trade, have
a downward tendency. There is a probability of Captain
Balfour remaining as Consul, in consequence of a communi-
cation from the home Government. Two of the new build-
ings have been completed and are inhabited, the parties find-
ing themselves much more comfortable than in the city.
Several other houses will be occupied before the new year. 'A
heavy gale of wind had been experienced between Chusan
and Shanghai, but we do not hear of any damage received
by the shipping. Most of the business there is conducted
through two Cantonmen, who have established themselves
as brokers. Other native hongs show as inclination to come
fbrward and act for themselves, using some other Canton
men as interpreters. Another correspondent writes us,
" Shanghai goes ahead. Au English town is rising fast on
the ground set apart for the foreign residents." On the
other hand, Ningpo does not advance. Mr. Mackenzie, the
only English merchant there, has left, or is leaving, to join
his brother in Shanghai, there being no trade to make it
worth his while to keep up an establishment at Ningpo. Our
friend thinks the hopes of increased trade at Foochowfoo will
ant be reauked,—.4lort9-Kan9 Repiger, Sept, 30,