The Sun.
London, England, 1845-10-23 00:00:00

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of able seamen. They are still to be found—they are a
numerous body; but they preiont t! emselves everywhere
except at the enlisting stations. They are scattered wide as
the limits of our own—and, alas! not alone of ours, but of
American and Russian commerce and discovery ex-
tend. The merchant eervice has offered those induce-
ments of adequate pay, personal comforts, and con-
sideration which, not finding in that of her MAJESTY,
they have been fain to avail themselves of elsewhere.
Great exertions are being daily made by the Admiralty to
recal them, and when the men find—and not till then—that
length of service, and the infirmities of age, or the physical
disabilities contracted by their spirited discharge of their
arduous but honourable duty, will no longer entitle them to
the melancholy premium of a cold and harsh dismissal from
the calling with whose demands on their physical strength
they can to longer comply, to that poverty, neglect, and
wretchedness, to which it is the reproach of Great Britain for
the last two centuries to have remitted them, but that
they will be handed over to an honourable retirement,
in which they may continue to subsist themselves
on the pensions or half-pay that shall be granted to them in
that repose for the remainder of their lives, which they have
so dearly purchased by intrepid, long .sustained, efforts in
their country's cause, they will rush to engage in that
which will become—as it ought ever to have remained—the
most popular of our national services. But these brave fellows
have generous and ennobling feelings as well as physical
wants to be gratified. Raise them in their own self-respect
as well as that of their compatriots, by increasing the moral
prestige of their calling. The anniversary of the battle
of Trafalgar, from one extremity of the empire to the other,
ought to be the sailors' jubilee. Whatever a generous mo-
narch desired and secured to perpetuate the memory of the
military victory of Waterloo, all this and more ought long
since to have been provided, to keep visibly and honourably
present to the perceptions and feelings of the people at large,
and especially those of our seamen, the illustrious renown
of the great sea fight and decisive naval •triumph of
Trafalgar. Let us hope that another year will not
be suffered to elapse without witnessing the foundation of
some " Trafalgar" association, for the express purposes of
rewarding the past and exciting the emulation of the future;
of providing and retaining in available efficiency, at all times,
the services of able seamen and petty and warrant officers on
any great national emergency; and of combining with these
great and invaluable objects the public commemoration of the
most glorious of our ocean triumphs, the most consummate
of our naval commanders, and the most disinterested of Bri-
tish heroes!

7'oulouse says it has received intelligence that in consequence
of some dispute' which arose in a friendly tribe of the pro-
vince of Oran, M. BILLAULT, Chef de Bataillon, lately pro-
ceeded amongst them, ,escorted by four hussars, and accom-
panied by 31. MATHIEU DEDO3IBASLE, head of the Arab de-
partment. It is not known exactly what took place pre-
viously, but it is certain, adds the Journal de Toulouse, that
31. BILLAULT was basely attacked by the Arabs, who cut off
his head. The ftte of M. MATHIEU DE DO3IBASLE and the
four hussars has not yet been ascertained.
The KING and QUEEN, Madame ADELAIDE, and Prince
Pinup, of Wurtembercr, accompanied by General DE CHA-
BANNES, Colonel DU3IAS, and two orderly -officers, left St.
Cloud on Sunday morning at eight o'clock for Chantilly,
where they arrived at noon, and were received by the Mayor
and Municipal Council. His Royal Highness the Duke
D'AttmALE met. their MAJESTIES at Morlaye, on horseback.
At two o'clock the royal party took a ride in the park laid forest,
and returned to the Chateau at five. At eight their MA-
JESTIES and their Royal Highnesses left Chantilly, and ar-
rived at St. Cloud at midnight. The Royal Family will, it
is said, go to Dreux on the Ist of next month, to pray in
the sepulchral chapel, and will return on the 3d to take up
their residence in the Tuileries.
A Vienna letter of the. 14th instant states that the Em-
peror of RUSSIA arrived unexpecteJly by the railroad on the
preceding day at Olmutz, and immediately went on by
Prague for the Lake of Como. His MAJESTY is expected to
remain six weeks in Italy. Count NESSELRODE, who is
taking the same journey, arrived at Vienna on the 13th, and
was to proceed in the evening of the 14th.
The fidlovving historical account of ABD-EL-KADEE will be
read with interest. From all accounts it is entitled to credi.,
for this remarkable man, it is well known, is adored by his fol-
lowers for his character ors a pri phet, as well as a successful
warrior. The article is abridged from a sketch published in
the C;ustitutinnncl:—

LONDO-Nr, THURSDAY, OCTOBER 28, 1845.

MONEY and COMMERCIAL NEWS
CITY, QUARTER To TIII?EE.

There was a very dull market for Cotton at .Liverpool
yesterday, but without any change in prices. Sales 3,000
bags, viz., 350, Maceio, at 5%c1. to 6/4d. ; 100 Pernam, at
6/Ad. to 7d.; 200 Surat, at 3d. to 31Ad.; and 2,350 Ameri-
can at 31,4 d. to 6d. per lb. A moderate business ivas done in
Shares, and the market opened very dull and flat, though it
afterwards improved and closed better. -
The rate of interest for advances upon what may be
termed first-class paper, remains at from 3 to 34 per cent.;
and accommodation can be bad upon such approved securi-
ties at almost an unlimited extent. How fallacious are
then, the assertions made in many quarters, that
the deposits upon new railway shares mast lead to a derange-
ment of the Money Market ? As we stated yesterday,
nineteen out of twenty of the projects formed, the pro-
moters of which are in a position to apply to Parlia-
ment for a Bill next session, have been paid upon, and
the cash " at call" when the period shall have arrived for the
payment of the 10 per -cent. " caution money" into
the hands of the Accountant-General. That the
payments have been bond fide made into the
banker's hands, on account of the various projects for
railway extension, cannot be a matter of doubt. Our Con-
temporary the Times finding itself in a difficulty to discover
a parallel, and to eke out the false position it has taken up on
the subject of the assumed effect likely to be produced upon the
Money Market by 30,000,000/. or more being locked up for
months, gravely refers to the circumstance of the Bank of
England having hesitated to take the realisation of the com-
mercial assets ef the East India Company, on the
winding up of the trading part of the Corporation
macs.; at a very low rate of interest. The amount so placed
by the East India Company (3,000,000/. or thereabouts) was
deposited at call, and the condition of the Money Market
was then far different from what it is at present. As
to any effect being apprehended of a difficult
character, it was never dreamt of by any party till the pre-
sent moment. It was a bargain entered into between two
powerful corporations, which was for their mutual be-
nefit. To assume that the East India Directors
would have become money lenders so as to reap a
greater profit than the Bank of England offered for tempo-
rarily holding the commercial assets of this Company, is an
assumption which needs not the slightest refutation. Our
Contemporary must indeed be driven into a corner to support
the crotchet taken up that a panic is inevitable, by noticing,
in way of illustration, the bargain entered into between
the East India Company and the Bank of England. At
that time there were more than one discount house of high
standing which would have readily paid a higher rate
of interest than the Bank did for taking in the 3,000,0001.

in question.
There were Sydney papers to• day received at the North
and South American Coffee-house, but we do not find any
news of interest in them. The markets were again rather
dull: The condition of the flocks is said to be very satis-
factory.
There has been a considerable amount of business done in
the Public Securities to-day, and the fluctuations have been
rather considerable. Consols for Money have touched 971 ,
then receded to 97%, and rallied again to 97%.
For the Account, the market value has been 975 and
97%. Bank Stock was yesterday done at 207. It has
ruled to-day at 205% to 206%. The Three-and-a-Quarter
per Cents. have advanced from 984 to 98%, but Exchequer-
bills have again receded to 425. premium. South Sea Stuck
has been sold at 109.
The Foreirn Securities are all heavy to-day. Mexican
Sock commands but 311/4, the Portuguese Converted but
571,4, Spanish Five per Cents., 26 to 21%, Grenada, 2176,
and the Dutch Two and-a-Hail per Cents., 58% ; ustrian
Bonds, have realized 10 per cent. above _par.
The accounts from the principal provincial share markets
are rather more favourable. Here to-day much heaviness
continues to prevail, and prices are most decidedly lower. The
official list furnishes the correct quotations.

ONE CLO736.NyG2
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
20C "05 1/ 2061/ 2
Bank Stock
3 per Cent. Reduced .........
3 per Cent. Consols Annuities 9714 les lAA% 971%
New 314 per Cents 98%41i 984
L'mg Annuities toexnireJan.lB6o 10 11-16 13-16 10 13-16
Ditto 30 years, Oct. 10,1859 ..• 10 9-16 % 10%
Ditto 30 vearz, Jan. 5, 1860
South Sea Stock lO9 109
Consols for Account - .........» 97'/a%% 971/2
Exchequer Bills, 1,000/., I%d 45 43 42 pm. 45
Ditto Small

CLOSING
PRICES
111

Faris ard' Lyons (Gan-
neron's)...
Paris & Lyons, (Colon's) 2
I a-is and Strasbourg _ .

34
2%
30

(Gannoron's) 2 ...... 2%
Rouen and Havre ...... 18
Sambre and Meuse ...... 6
Tours and Nantes (Mae-
kenzie-s) .......... ...... 2
West Flanders ..
MINES

Real del Monte Unregd. 414
JOINT STOCK BANKS.
British North American 50

6143
2%
514

473/4

LLOYD'S SHIPPING-(THIS DAY).

LONDON, Ocr. 23.—Wind W.N.W., light breeze and fine.
DEAL, Our. 22.—Wind N.W.—Arrd. John Grey, Dl'Donald,
Calcutta; London, Gibson, Bombay; Jane Lockart, Calford,
Dominica. Arrd. from the River and sailed, Fantome, Allen,
Jamaica; Moreland, Jamaica. Sld. Oberon, Rio Janeiro.
COWES, OCT. 22.—Arrd. Gleaner, Smith, Porto Rico; Clio,
Meesmore, Bahia.
LIVERPOOL, OCT. 22.—Wind N.W., fresh. —Arrd. Eliza,
Valrent, Sydney, New South Wales, sailed May 28; Kirk-
man, Finlay, Calcutta and Mauritius ; Corunna, Bray,
Calcutta ; Samuel, Spenced, Callao; Panthea, Lane, New
York ; Jane Hammond, Gillies, St. John's, New Bruns-
wick. Sid. Earl Powis, Mossop, Hong-Kong ; Mary
Semerville, Johnson, Calcutta ; Hero, Grant, Africa; Chief-
tain, Julian, ditto ; Promise, Piner, Charleston ' - Massachu-
sets, New York ; Shenandoah, West, ditto ; Achrondaon,
Shapley, ditto. The Jonathan Fell, hence to Buenos Ayres,
on shore at Cape St. Mary, River Plate, had become a total
wreck previous to Aug. 22 ; a very small part of cargo saved
in a damaged state.
DUBLIN, OCT. 22.—S1d. Panope, Pearce, St. John's, New
Prunswick.
LIMERICK, Ocr. 21.—Arrd. Downs. Doody, Miramichi.
LONDONDERRY, OCT. 13.—Arrd. Creole, Clarke, Quebec.
BELFAST, Ocr. 19.—Arrd. Siren, Dudley, St. John's, New
Brunswick; Tom Moore, M‘Dou ell, Quebec.
HuLa., Ocr, 21.—Arrd. Endymion, Cordingly, Miramichi;
Countess of Mulgrave, Kelly, Quebec.
STROAINESS, OCT. 11.—The Waterloo, Roberts, of Hull, on
shore at Longhope Bih inst., has been got off, surveyed, and
will proceed.
NEwronr, OCT. 22.—Arrd. Pallas, Hall, Quebec. Sly.
Bo3ne, Perriman, St. Paul de Loande.