The Sun.
London, England, 1845-07-31 00:00:00

-IVIONEY- AND CITY NEWS.

The meeting of the Blackwall Railway shareholders, held yes-
terday, was for the purpose of obtaining the sanction of the pro-
prietors to an issue of shares for the formation of a junction be-
tween that and the Eastern Counties line. The shares are to be
appropriated at the rate of one new share for every six shares of
original capital, and the directors speak with great confidence of
the success of the projects they hale connected with the under-
taking.
The remarks that have lately been made in the House of Com-
mons upon subjects connected with the currency have caused the
same subjects to be discussed in the City, where probably mere
practical knowledge of such matters is to be found.
With respect to Mr. Hume's project for relieving the public 0(
light sovereigns by establishing Government agencies in different
parts of the kingdom, which should take gold coin at its
intrinsic value, and do for the provinces the work which the Bank
of England performs for London, it is looked upon as all but im-
possible of execution, Every one of the agencies must be supplied
with a large stock of Government money, and with power to in-
crease such stcck if found insufficient. By this a great deal 0(
cash would be taken out of circulation, and the agents, holding A
most responsible office, would necessarily require considerable sala-
ries. So expensive, it is believed would be the machinery of the
scheme, that the outlay would far exceed any good to be promot,"
by it. That there are instances of provincial tradespeople taking
advantage of the current belief in light sovereigns, and thfrautliol
the humbler classes, there is too much reason to believe; but, on
the whole, the public seem to be satisfied with the system that has
been at work since the last three years.
A supposed deficiency of silver has likewise been brought he!'"
public attention. The Irish railways have, indeed, abstracted some
silver from the circulation for the purpose of wages ; and the
Dutch, who have recently been coining, have come in as large Pur-
chasers of silver bullion, that metal being the standard of their
country. But, after all, it is questionable whether the deficiency
in silver coin is to any important extent much greater than it usually
is about the time of harvest, when a large quantity is used for the
payment of labour. The Mint is, at the present time, making new'
silver coin, after having suspended its operations, it is said, on 24.
count of some damage sustained by the machinery. The Bank
England has a large supply of silver bullion in its vaults, which 't
is ready to sell to Government, and therefore there is ever(
reason to suppose that the demand will be very soon supPlied'
unless the public mind be needlessly disturbed en the subject, fto
?!
it is well known that a belief in a deficiency is very likely
create one.
The result of the last meeting of Mexican Bondholders is well-
known. rhey decided upon taking legal steps to compel Meese,*
Lizardi and Co. to transfer to the new agents, Messrs. Schneider'
the funds which they so unaccountably detained. That according
to every principle of equity, as understood by merchants, the lat.
agents were bound to appropriate to the bondholders only the monei
they received on account of the dividends, nobody seemed to enter.
fain the slightest doubt ; and we do not believe that a single impar-
tial person was to be found who agreed to the doctrine that debt;
due from Mexico to Messrs. Lizardi could be justly set off aga'r's
this specific fund. Still there has been great anxiety CO see se..,°
legal opinion on the subject, and hence the following opinion of in!,
James Russel, the Chancery barrister, which has been taken n,
the Committee of Bondholders preliminary to their proceedill
will be read with great eagerness, It will be seen that public In
legal opinion are precisely in harmony with each other:— .
„
"By the agreement of 1937, one-sixth of the Custoin.iin„,"- :
duties of Vera Crua and Tampico is appropriated to the psYl";.
of the interest en the bends; and, la order to segues its W1:10
plication, it is paid by the administrators of the Custom. into o
hands of two Commissioners, one of whom is nominated hi t
bondholders. In the hands of the Commissioners this one-siSt'od
severed from the general funds of the Mexican Government,'
it is thenceforth clothed with a trust for the bondholders. th°
By a subsequent arrangement the share of the Customs ,
appropriated has been increased from one-sixth to one-6ith
,j
Though the Mexican Government could not, without viols"'„,
good faith, have lessened the fund, it was quite competent
them to increase it ; and the one-fifth when received 11,0
Commissioner is equally clothed with a trust, and for the '-
purposes as the one-sixth would have been. • ai
" The funds are transmitted by the Commissioner to Lizar „js
Co., the agents of the Mexican Government; but the transinl',-0,
is merely for the purpose of distribution among the bondholu'io
The transmission is made for the purpose, not of destroying to
trust, but of carrying it into effect. Lizardi and Co. receirre,
funds subject to a specific appropriation. Of that appropriatTo
of the trust to which the funds are thus subject--Lisardi an"d
have complete notice : they are themselves trustees of the fun
~,If
soon as the moneys come into their hands, and they cannot w
ill
them to any purpose other than the payment of the interest on tO
bonds, without violating obligations and duties too plain t°
mistake's. al t#l
" If Lizardi and Co. have made advances for the gene' ,on•
poses of the Mexican Government, and if on this separate ac >o
a debt is due to them, they must • seek payment of that debt oil
the Mexican Government ; and they may justly retain and I_°,o
in their hands on the general account of the Mexican Governwinto
But the funds in question were funds which even that Gover•
ecoli
had no right to divert from the bondholders. If the Sgol,
Government had directed Lizardi and Co. to apply the one_ u of
the Customs remitted by the Commissioners to the discharge tins
private debt due from Mexico to LiZarill and Co., that dite'oes
would not have entitled them to retain the money for their ,tios
use, and to attempt to do so without the sanction, and in °l'PVit
to the orders if the Government, is as unjustifiable in law/a-
in morality." lso I
sjetl nThe opinions of Mr. Turner and Mr. Malins have
taken, and, as the Committee state, entirely concur in Mr.
view. It may be worth while to remind some of our reader; one,
the reasoning above as to the change from the one sixth to ,h oen
fifth is nearly the same as that put forward under this head'
t he
the point was first started. There seems little doubt that iiroti'
will now take its course without any technical impectinient--..

REPAY')
MARKET NE o s—(yESTE---
CORN EXCHANGE.
sootilfortre
For the time of Year our market was very
plied with Wheat of home produce, owing to whic11,;0100
full average number of buyers in attendance, the ~_,,, itr'
for that article was somewhat active, and iu sour !coot
Foreign2for iici,(o°,,
stances a trifle naote money was obtained fort iake„sineo
qualities
aonfybsoat
mh
prleeds
were w huintseo. l d A. t
Otfh
of duty the show was but limited, hence the sa—
rather brisk, at fully Monday's in the qu9,ta„ding
Bonded corn was inquired for on higher terms.. "iiads
Barley sold steadily at full currencies. Foi -other wide
comparatively little business was passing. The 31,Itie
0,0
was dull, yet prices were supported. In Oats very lltt
doing, but Beans, Peas, and Flour were quite as cle3r.
ARRIVALS. Fla'''.
I I,o°
I Wheat. I Barley. I Oats.
English •• • ... i 1,690 qrs. 60 qrs. I 160 ! ''.
~."'
close oue.at fro

Irish ..

3,201

....,..
Foreign ...... I 1,200 I 800 I 2,200
Malt, 1,820 qrs.
WHITECHAPEL. , foit; tia
For each kind of Meat, the supply of which 1ci740 %-6gi
we bud a steady inquiry, at full prices. Beef, ),,r7i to
to 3s 10d • Mutton, 3s 6d to 4s Sd ; Lamb, 4s
Veal, 3s 8(1' to 4s 8d ; and Pork, 2s 8d to 4s per Sw—
COAL DIAELILET.
.A.Y6 15$;
Prices per ton at the close of the market
13S 6d ; Hasting's Hartley, 15s 6d ; Holywell '„j;
Nelson's West Hartle-, 15s 3d ; New Tantield, 1457,,
l'ontop,l3s 6d; Tani-telt! Moor, 16s ; West Wylaill'e„
Wylam, 14s 3d; Wall's-end Riddell's 16s 9d; Vliett°,,
' 16s 3d ; Hetton, 17s 6d ; Lambton, 17s 3d • Russell:s 0,
17s; Stewart's, 17s 6d ; Caradoc, I7s ; lleugh
Kelloc, 17s ; Seymour Tees, 17s; West Tees, 16s Vri
21s 6d ; Graigola, 21s 6d.—Ships arrived, 45. to,

ihe 51" be
ADVERTISEMENT. Deafness. 39, Ar 1110,,
street, Piccadilly.—Acoustie Instrument, whicti,ieci,°;oce
sent to any part of the country by post.—lnvis'm not "":(
Conductors, when fixed in the cavity of the ears; °reit -viecfde
comfortable, nor more perceptible than having a o'l' c'ea 11;
Wool in its place. They enable individuals at an atile°- 1.10
in'
and of extreme deafness of 40 and 50 years' standing' 00(1-,tie
to join in general conversation, and to catch the ".,°,O
distant low speaker at church, theatre, &c. Thel
conversation into the ears to such an extent tbst "origw,
severe cases of deafness cannot be observed. A11,'415,%;
Ear Cornets, French, German, and Spanish Art l"-' Ptlit
and Improved Hearing Trumpets of every descriPtlioap of fhe
of those instruments have received the aPprnba" in. elute
Royal Society and Royal Institution of Great n"itad lse';sl,
newly-invented Spectacles, immediately they are rac; n'tj.r.
extremely imperfect vision, it is brought to its y0(1010 01'°0,
and original state. Also, Achromatic Telescopm. 500
Glasses, Microscopes, &c. Caution—Messrs. S. api pertfil
moos, Opticians, are not in any way connected ari'anor2o:ol
of the same name in their immediate neighbourho"':tioahAo
part of the country. To prevent mistakes, be Ca-pices"„
Observe—Only to be had at 39, Albemarle-street, IV r°3
opposite the York Hotel. Can be sent in the countrf 100
[AD v ERTISEMENT.]—The Gentle reeo'
of Hair, or Invisible Ventilating Peruke, is so of for
blance to nature as to defy detection ; and to ens.'" ref
Oman to see the effect, a large assortment is always ordb
inspection, any one of which, if approved of, saves the rihe Pere,
both time and trouble. These splendid . close
ruquean art, superior to anything to be obtaine
either in Paris or London, have only to be seen to be 03• 1.,1;
and are the sole invention of Ross and Sons!
Bishopsgate-street, London. N.B. Splendid 'lOl be'
apartments on the ground-floor, the whole of the vr
lined with looking-glass a/a mode de Paris. VS'
A''"-- C° 4
EADVERTISEMENTJ—A lIAND AND %11%,
the
wlffH WOUNDS CURED WITli HOLLOWAY's 0114-I¢o 140
Pst.t.s I—Thomas Main injured his hand two year' ;ell t"the
yard at Northfieet, which in a short time began t° • t°
alarming extent, and broke out from the fingers
Pont
elbow into several ulcers. Not only was this t olottal
capable of doing any thing for eighteen months, bhue boot' too
worse he had been discharged as incarable state, r(01
alter being there nine weeks. From this hol'e's-
- person been radically cured by HollowaY's f,stabeilfo
ointment and pills. Sold at Professor HollowaY;:sycine
ment, 244, Strand, and by all respectable rne
throughout the civilised world.
BIRTHS. , 1101'
On the 28th inst., at Whitehall, the Rigt"
Carington, of a son. f COPtslll
On the 19th inst., at Carmarthen, the wife 0 NJ
g
Scott, of a son. Cb
maollnett,loief
a2odtahuignhstte.,nat Jouy, near Versailles, 141.5.v54., of
rts,
On the 23d inst., the wife of Josiah R°-he relr
Sharston-mount, Cheshire, of a son. f CaPtgi°
On the 25th inst., at Portsmouth, the Wl' ° , bern.„etti
wick, 76th Regiment, of a daughter,.p:m ll' .
On the 2;th inst., Mrs. Frederick Cowe
Southwark, of a daughter, still-born
On the 27th it in Manor. grove, s.aighte
lady
the wife of Mr. W. Lawrence Browne, of twin the
On the 27th inst., at Derwent-bank, near Derby'.4o
of Edward Strutt, Esq., M.P., of It daughter. the
Al
On the 28th inst., at Upper-street, Islingt°l3'
Mr. F. W. Thomas, auctioneer, of a (laughter.

/1,13
ED.
MARRI
On the 24th inst., at Tottenham 111iddlese,c, J°lfacuol t;ti
'.
vus Halliday, Lieutenant in the ,Madras Ariny, to
},s4''
youngest daughter of the late Wr. DI. Cotton, to
Petersburgh a P`,lliio
(hi the 23d inst., Hugh Edwin StricklaoJ'
Jardine, Dorcas Manic, second daughter of
.eott
Jardine, Bart. of Applegirth, Dumfries-shire. ks, ,J0,,i0
OR the 29th inst. at Chilton Church, 13ac,bter til
Baily, Esq., to Emily'llyacinth Ann, eldest dal*
Rev. G. Chetwode.

hofe Orosn.itaul
ji.te,sl2:3.os:tslsisdeoarfiveli:lctaey.sci. ,
-------------------- bOO
..,, ill,"
h lwd
soefioQ,i,,,,tlrete:n-I,,e,,,srskctholilnearte at St., O niter,
,Lieutenant JoseP .A,
Oa the 18th inst., atlas f 54
, ,duip Cl3ric"' e
004
Pinliorn,
On tit, 91 ''. ' Cambridge. - late olle
lt—sso.sitahgentre,siAti4.,asjieksltf‘re,sd,r'rle'oamstilirnys., Esq.,
witioo
l_►i~ the 23d inst., at 'Sunderland, LieutePalit
:,tol'
Esls)enx,tliaege2dstBl2l.inst., John Warmington, -.-'sq"
r; of VIA'
o it.fLfitieor::llo)E:l.s
Essex,
Calcutta,ex F, rid,
.e ri_c k. , fourth
,t_
0
ffoll‘y Agij
On the 2.)tli inst., at the Rector, Freston, Su ,1
wife of Henry C. Mules f lionton Devon. . „rip v
,) , . Eiii,, ,
On the 25th inst., at 'Chalfont Pak, Bucl`s,
Sir Robert Alexander, Bart. •

yotj'l6:ifj
Loritiori. i-ruiTRO l'uol!Owa 1111.111v0 10. '
'Co 112, ,trand, 'T fl it. joie Sow
011ice'coad
S'..ra.id, in the Precinct of the Savoy, la tile
Middlesex, Thursday, July 31, 1846.