The Press. — London, England, 1858-06-05 00:00:00

THE PLEBS, Tip; visitors have delivered indgment on the appeals of Dr. Shaw and Mr. Carmichael from the censures of the board. The appeal of the former gentleman is dismissed. Mr. Carmichael's offence is considered of far less magnitude than Dr. Shaw's, and the visitors have, accordingly, dealt leniently with him. The judgment of the visitors is that the sentence be reversed. On Thursday judgment was given on the alleged malappropriation offers by the senior fellows and provost. The Vice• Chancellor announced the decision of the visitors, declaring that the complaint could not be supported ; the usage of sixty years affording to the court sufficient evidence of the legality of the present application of the reve nues. The proceedings then terminated. THE office vacated by the death of Mr. John O'Connell was on Saturday last conferred by Lord Eglintoun upon Mr. Ralph S. Cusack, barrister, and Chairman of the North Union Board of Poor Law Guardians. Mr. Cusack's services to the Dublin Conservative party fully and fairly entitled him to the preference over all the other candidates. He was the great guiding spirit of the Registry Courts, and chiefly to him is the Government in• debted for four stanch supporters in the persons of the city and county members. In addition to these claims he is generally popular, his ultra-Toryism notwithstanding. from yon, what the Government to which I have the honour w belong asks from the country--a fair trial. The old landmarks of - • are in much effaced : the old party are in mac., bsttle-cries of party few thoughtful men will care to revive. intelligent persons on all sides find that the settlement of questions on which they formerly ihffared has cleared f rom obscur i t y many points on which they can agree. Ab roa d, l ib er ty befriended without sacrifice of peace ; alliances secured without loss of honour; where war is ine v i ta bl e , English vigour; where victory is achieved, English m ercy . In domestic policy, judicious economy, industrial develop ment, and those practical reforms by which the elastic nature of free institutions accommodates itself to the progressive intelligence of a loyal people. For myself I hold with one of the ahlet:t statesmen of the last century that " there is no worthier atlribute of a British Minister than a fearless confidence in the generous temper and good sense of his countrymen." It is not always at its formation that the strength or weakness of a Government is clearly ascertained. Govern ments become strong in proportion to their success in establishing sympathy with public opinion. And, if I ask you to ratify by your suffrages the distinction which our Sovereign has been graciously pleased to confer upon me, it is with the conscientious belief that 1 join an Adminis tration of which it is the earnest desire to prove that a Conservative policy is never more completely realized than when employed in promoting, throughout all the &minions and amongst all the subjects of her Majesty, the contentment and prosperity which are the surest guarantee for the maintenance of law and the stability of order.-1 have the honour to be, gentlemen, your attached and faithful servant, EDWARD BULWER LITTON. Park-lane, May 31, 18.58. A CABINET COUNCIL was held on Saturday at the official residence of the Chancellor of the Exchequer, in Downing street. The Ministers present were— the Earl of Derby, the Lord Chancellor, the Marquis of Salisbury, the Earl of Hardwicke, the Chan cellor of the Exchequer, Mr. Secretary Walpole, the Earl of Malmesbury, Lord Stanley, General Peel, the Right Hon. J. W. Henle3, and Lord John Manners. THE HEAD MASTERSHIP OF CHARTERHOHSE SCHOOL became vacant a few weeks since by the death of the Rev. Dr. Elder. There were four candi dates for the appointment—namely, the Rev. Henry Wright Phillott, M.A., rector of Staunton-on Nye, Herefordshire, formerly student of Christ Church, Oxford, and assistant-master in the school ; the Rev. John Ernest Bode, M.A., rector of Westerwell, Oxfordshire, late student and tutor of Christ Church, Oxford ; the Rev. Richard Elwyn, M.A., late Fellow of Trinity College, Cambridge, second master of the school ; and the Rev. Edwin Palmer, M.A., Fellow of Balliol College, Oxford. The choice of the governors at the election fell upon the Rev. Richard Elwyn, and he was declared duly elected. Mr. Elwyn, who was admitted into aeacon's orders by the Bishop of London at St. Paul's Cathedral on Sunday last, was senior classic and members' prizeman at Cambridge in 1849, where he also took mathematical honours. He gained the Bell University Scholarship in 1846, and the Craven Scholarship in 1848. ptiant. A DISGRACEFUL RIOT occurred at Belfast on Sunday last. At four o'clock on that day a funeral procession passed from the celebrated Pound to Friar's Bush graveyard to inter the body of a woman named Hackett, daughterin-law of one Hackett, chairman of the ex-Gun Club, Belfast. On return ing, auout six o'clock, in the same order the young women carried green boughs, and as they passed through great Victoria-street one of the girls put a branch which she was carrying into the face of a person passing, telling him at the same time to "smell the green." This was the signal for a row, and the offenders were pelted with stones, and some women were knocked down and beaten. The dent zens of Sandy-row then rushed out in a bndy, and the fight became general. One of the con stabulary was beaten severely, his nose having been broken with a blow of a stone, and his ar split. The combatants then went tip to Found into Dr. and, as the people were going Dr. Drew's church, they were attacked and beaten. This drew out the Protestants of that locality, and another stoning match fo:lowed. A body of con stabulary subsequently arrived at the scene of hostilities ; they, too, were fiercely attacked with stones, and at length Mr. Tracy, tho resident magistrate, was compelled to read the Riot Act, and directed the constabulary to fire on the mob. Just as they were about to obey orders a young man entreated the magistrate to give him five minutes, and he would endeavour to get the crowd to disperse. fhrough his timely interference the . mob broke up, and hostilities were terminated without any shots b eing fired. Several of the constabulary were severely wounded, and of the five magistrates who were out not one escaped without receiving blows. These riots have continued with more or less utensil the whole week. Monta 311tritti an 6'41 ittelligeact. FRIDAY EVENING. THE return of the Bank of England for the week ending Wednesday last, the 2nd inst., shows the following changes compared with that for the week preceding : Decrease in Circulation Increase in Public Deposits Increase in Other Deposits 377,589 Increase in Securities Increase in Bullion Decrease in Rest .... Increase in Reserve .. _153,987 Bullion in both Departments Circulation, including Bank Post Bills • The Bullion and the Reserve continue to show an in crease—the former from the importations of last week, and the latter from large private deposits and the influx of revenue payments. The Public Deposits are in a satis factory state for the period in the quarter, as more than a month must elapse before the July dividends will be due. The Private Securities indicate rather a greater temporary demand for money, and this item will probably increase, as the Hank is making advances during the shutting of the books. In other respects the changes in the position of the Bank during the week are not important. The Money Market remain% in a very easy and unex citable condition, the enormous supplies to hand being fer in excess of the demand, whether for enterprize or spe culation. During the last few days there has been, and there still is, considerable activity in connection with the commercial paper at maturity at this time, but it. has been confined solely to Lombard-street and the joint-stock banks, applications at the Bank being little more than usual. The difference in the rates will explain this appa rent anomaly, for whilst the best bills are regularly done in the open market at two and a quarter to two and a half per cent., the minimum at the Bank remains at three per cent. Under such circumstances, it is not likely that much business will be taken to the Bank. The first instalment of twenty-five per cent. upon the new Brazilian loan, contracted for by Messrs. Rothschild and Co., was paid on Tuesday; but, meanwhile, the sur plus upon the deposits were returned to the applicants, so that the effect upon the market was imperceptible. The interest upon the loan, four and a half per cent., com mences from the Ist of June. Next Thursday, the 10th inst., an instalment of fifteen per cent., amounting to 750,0001., is due upon the Indian Debenture Loan. A part of this amount has already been paid in anticipation, and the remainder will be provided without affecting the market, inasmuch as the commercial demand now appa rent will by that time be abated, and there is tittle or no prospect of an active revival until a later period in the month. The Bullion movements of the week show considerable activity in the dealings in the precious metals. The principal feature in them is the continuous demand for gold from the Continent, especially from France, although the accumulations there, as shown by the returns of the Bank of France, are as great, and by this time probably greater, than they are in the vaults of the Bank of England. The imports since Saturday last have amounted in value to 606,1311.; and the exports to 616,2821. All the gold has gone to the Continent and all the silver to the East. About 50,0001. has been withdrawn from the Bank, and farther sums will follow, unless arrivals from Australia, which ere now due, turn the balance in our favour again. Having regard to the inactivity of trade in France, and its comparatively slow improvement among ourselves, the great interchanges of bullion and specie during the last two months are somewhat perplexing. The solution, to a great extent, will be found in the fact that the trade of the leading commercial nations of the world is gradually being assimilated to the cash principle. Credits are certainly in course of material curtailment everywhere; and if balances cannot be settled by bills. it follows thot they must by the transfer of the precious mauls. If this view be correct, we may be prepared for a continuance of these movements for some time longer. Notwithstanding a renewal of the attacks upon the Government on account of the Chancellor of the Ex chequer's speech at Slough by the lute Foreign Minister in the House of Lords, the confidence of the commer cial classes in the Administration has so increased, that it is now consolidated into something like an active principle which will not endure factious contradiction. The Funds and most other securities have been under the influence of this feeling. But the Montenegrin difficulty and the embarrassing question with the United States concerning the interference of our cruisers with American ships prosecuting the slave trade have, in the last day or two, caused Rome anxieties which have necessarily affected quota tMns. These, however, are incidents, in relation to which the honour and the interests of the country are felt to be safe in the bands of the present Administration ; conse quently their effect upon values has been comparatively unimportant. Railway Shares have sympathized with Public Securities ; but the traffics, though improving, are still interrupting the demand for stock on the part o. the public which alone can produce a legitimate advance in prices. At the same time, there is a remarkable cessation of speculative transactions. Half the members of the Stock Exchange have consequently little or nothing to do: tor, on the one hand, with the present abundance of money, it is dangerous to sell, lest the public should come in buyers, and so cause an advance ; while, on the other, it is equally dangerous to buy, lest, in the unsettled state of various questions of foreign policy, great capitalists should lie induced to throw heavy muses of stock upon the market. Consols,which left off last Friday at 971 to 98, were steady (luring the early part of the week. The various settlements of the Stock Exchange subsequently caused a preponierance of sales, partly speculative and partly bona fide, and these operations being followed by the disagreeable news from America, a decline took place to 971 to 1. This was the lowest quotation duting the week. The National Debt Commissioners have been purchasers of about 30,0001. at 971 and 971. This morning Consols opened for July 8 at 971 to 1; and after a dull day fur business they closed the same. The decline in Railway Shares has not been arrested, notwithstanding the improvement in many of the traffics, and the return of magnificent weather, which promises increased receipts. Caledonians and North• Eastern Stocks have suffered most. The decline in some cages is not less than one and a half or two per cent. In moat, however, it ranges from a quarter to one per cent. Indian Shares, however, are improving. Banking, Land, Steam, and Mining Shares have all been dull. Foreign Stocks have been exceedingly quiet. Exchequer Bills are 2s. lower than this day week, being quoted at 30s. to 3.55. prem. The Indian Loan, owing principally to the instalment due next week, and to the unfavourable telegraphs received during the week, is dull at 091 to for the Debentures. The Brazilian Lonn is now at to a prem. The Continental Exchanges have not varied materially since our last. Mr. B. M. Wilcox, M.P., has been elected chairman of the Peninsular and Oriental Steam Navigation Compmy. At the half-yearly meeting of the company on Tuesday a dividend was declared of three and a half per cent., in addition to a payment of one per cent., froe of income tax, fur the six mouths ending March 31. The rate of interest on French Treasury Bonds has been fixed at three per cent. for those of from three to six months, and at three and a half per cent. for those of from six to twelve months. This is a reduction of a half per cent. on those bonds eleven months to run, which since the 18th March have carried four per cent. The balf•yearly dividend of the Trust and Loan Com pany of Upper Canada is at the rate of seven per cent. per annum free of income tax. The failure was announced on Wednesday of Messrs. R moon, Sons, and Co., a well-known Sem in the East India and China trades. The catastrophe is owing to the general depreciation in all kinds of Eastern pro duce. The liabilities are estimated at 700,000/ , but it is believed the assets are such that a surplus will eventually be realized. The Provincial Trade Reports still show a progressive improvement in trade, though it is in some branches very dull. There is certainly no accumulation of stocks in any important branches of manufacture. Consumption keeps pare with production. FROM THE LONDON GAZETTE. Tuesday, June 1. BANKRUPTS.—Tuomta BULL, Hambledon, Hares, RTOC'Er...• THOMAS FLYNN, Farringdon street, cheesemoneer CorroN. Bear-street, Leicester-square, beer retailer—Jam= WAY, OX ford street, grocer- -TrtomAs TrlonNwittrr, Leicester. coal merchant -BENJAMIN BERRESFORD, Helper, sionemarzon—JOHN JONES, late of Aberavon, beerhouse keeper—Tuoatas ROBINSON, jun., Sheffield, watchmaker -GEORGE CHEETHAM BAILEY and JAMES BAYLEY, Staleybridge, COllollspluners — Enwattn MARTIN, Man. cheater, fustian merchant. SCOTCH SEQUESTRATIONS.—Dsvin Kat, Kilmarnock writer—ANDRUS SPENCE., Jrs., Broughty Ferry, shipowner. Friday, June 4. BANKRUPTCY ANNULLED.—J. C. Sracio, Stockton-upon , - Tees, timber merchant. - - - • - --- BANKRUPTS.—PIZZET VINCENT, Crest Saint Helen's, City printer—GEOßOE Boos, Hanwarstreet, Oxford•street, lacemats, iMOMMEMIIIMMININII.II. I .I.P.O.III..,II JUNE 1858. 549