The British Press; or, Morning Literary Advertiser. — London, England, 1826-05-31 00:00:00

SIIIPOWNF RS' SOCIETY. A peers! Meeting of the Memtiers of thin Satiety took piece ~,,eap. r a t the ('icy of London Tavern , Biehopegate-street for t he eniese r l es " — f c onsidering whether any anti what meseuree ; re p be ee pedient in reference to the elate of the Representation in Par. I iutint „ a s regards the Shipping Interest. i A , b e n-past one, about seventy gentlemen were meembled, and— Mr. I,YALL being called to the Chair, that gentlemen proceeded Merge that et a Meeting of Shipowners, held nn the Ifith inet., ent i tle' n Rests . lutions were passed, in conformily w ith which, he, as chairman of the Shipowners ' Committee , had been requested to -- convene the present Meeting. As he understood there were Grade ,,.,present who intended to propose eome Resolution's for thereto!, o r the nleeting, he would nut detain them by any further ob. oreatinns. Mr. YALlSEnsaid, that in rising to propnee the first Resolution I . the cons ete r enen of chic Meeting, upon Coat he deemed a most , pieo,enNg wee g o o ttilm, he lamented it had not fallen to the lot of 1 ogre per,o3 more competent to do justice to the cause—a cause yhteit was one of the utmost importance, not only to every [hi felt e eipowner and Ilthieh merchant, but to every class of people in oescountry. It had ideal.* been handed down to us that °or s tOTS VW considered the shipping interest of this country the at'aitt.stay thereof an d hat it teemed the great source of it. proeperity et 11111 e of peace, of its security inn ime of war. With a view esthete particalar points, our ancestors made a code of laws,whisiii tvwe in themselves wise, and were well tilted to the security of their interests, and to incree them. It was under thoee Lew% and Dot as modern theorists h m ad of lite, with no small presumption, held out to us, in spite of these laws, that our commerce and ship. ping had been rained to a state of prosperity. far beyond what even the most sanguine could have expected. Bat a new system had buret forth, pre light had come upon us, and leaving behind every principle and every safeguard which our ance stors had devised tor the protection of the interest of thin country. a course of philtre). pitied innovations had been made. and the first stride at had been called tn Lox down the shipping interest of th e countr y , by wh ent the Reciprocity Act; but if d en ominated according to the effect it hid produced, it ought more properly to he called "An Act for tile eneouragernent of fareign commerce, and the detruction of British." (Cheers.) At the latter end of the year 1822, the first intimation was given of the intention of his elajeety's Ministers to propose an alteration. during the ensuing Session of P a r- Trument in the Nseletatie• Laws of this country. This naturally e'scited 'the attention and some alum in the minds of the Ship eeoers, and those Interested in the shipping trade of the country, and varieus Interviews well had with his Majesty's Ministers on the subject. A meeting oleo took piaci at title House (:he City of Lerelon Tavern), when a peetion to paliament was agreed to aria signed , praying that the Bill intended to effect those alters. titles might not be peeeed. Noterithetanding. however, this oppii. tenon. the 8.11 pasted at the end of the Seesion of Mee, le n , „i. though the Bill had Pained. en strongly Were the Shipowaers ho. pressed with the dangers that would arise 11'00 it s that they pai l. wiled the King in Council to suspend the openttion of the Act (which he had a power to do), and the petitiemeee offered evidence to show the mischief that woul d h e p roduced if the Act should he slowed to take effect. Bat notwithstanding that representation, bb Majesty in Council thought proper to let the operation of the Act commence, which it did in the beginning of 1821. The mil- Moos as to the mischievous consequences of this measure had been an much better expressed in a statement of a meeting of the (Mei tnittee of Shipowners, held on the 30th 31ey, 1821. than he could could describe them, that, with the permission of the meeting, lie would read au esteem from that statement. n The manufacturer, seduced by the prospect of an increase of foreign trade, throws his weight into the scele of the economist : the agrieulttnist, dazzled by the specious theories advanced in its support, contributes his assistance to the eetabliehmetit of what is collet a liberal *poem of commercial intercourse ; and the ship owner, unrepresented and unconnected, become* the first victim of the delusion. But surely it must be obvious that the same argu ments which are now applied to his destruction. must recoil with en werable force on the Other great source; of national wealth, sit Id the principle of rat established. In vain will the agriculturist then contend, that as expenses of en'stivation are raised by political causes, over wit he has no cantrol, to double the amount of those which - are Incfeed by his foreign rivals, he is entitled to protection from their co. titian ; (be will alleae no more than the Shipowners have l e pr . although ineffectually,. In vain will the manufacturer urge the petty for the like protec t on, on the plea that he has em ber d his capital on the faith of the existing system, and that if it be abrogated, he is at lend entitled to tom penestion. The property trithiwked In shipping has been vested on the same faith : yet the shitniener is condemned to hopeless conipetition, and his property to uncompensated cl +predation. Should the antiquity of the pro. wive system. as applied to the owner sources of national hu t/octanes, be ;deeded, the shipowner can adduce the must ancitnt lies in his support. Should their association with national wealth be iiensght forward, the shipowner, is addition, may plead his connexion with national security as of much greater importance thin ontlonal opulence. In short. it is perfectly apparent, that if the new principles be adopted, which it is the avowed object of the pen:teal etooomiets of the day to establish, and if Consistency be manosine4, the consequences mall classes Mlle, ender the exisimg cir.o;pstentes of the counter, he as destructive to other intereets, as its fine application has been and must prove to British shipping." They bad ben stated that the Act must be detriments! to British shipping, and he regretted diet in this they had prophesied but too itul;. He would quote a return which had been mode to Paths. aunt of ths.nonniote of British shipping just previous to the pees lag of that Bill, anti compare it with the year immediately after It took etfeer. lie thought this a fairer mode of comparison than that of taking the year. 1824 and 1825. as had been done in another quarter. Comparing the year 11122 •ith 1824, they woukl find no lets ae increase in favour ot foreigners in 11124 abnve that of 182 n, than 287.097 tons, whilst the decrease of tonnage of British ship ping in that time was 531117 tons. (Hese, hear.) The details of these returns would. In all probability, be gone into by-and-bye ; be therefore stated this nn hr as an example. After having thus s'eeen that their prophesy of the effect of this memoirs, as regarded its first operation, was perfectly true, he thought there was no sea. rot to doubt that it would have a similar eft- ct on their future in. tercets. The lion. Gentleman enneluded by moving the first Re solution. (Foe which see Advertisement. 31r. CnAPMAN accorded The Resolution. That there eras cause kr alarm lie thought was beyond all doubt. illitilad for some yn.rs been an committe, and certainly a practically experienced, tripewner. He had seen the ebbs and flows of trade in all its varieties; but he never, till this hour, had seen the &Web Ship owner completely driven from off the ground, and put in a situa tion where there was very little room to hope for his retrieving him self, except au entire change of measures were effected. It was sees clear that the anthem trade carried on by this country was tar bat nursery for sailors. The carriage of the most bulky &Melee hire invariably and ennstantly called foe the shipping of this eoun•ry. It ens, indeed, the deraier resort of the Kuropean Sates. But now foreign shipping had attained such a point, that tiltft was ne chance left for the British shipowner. Ile therefore !leped the statements which this Society had made, drawn from aathentic &moment% would have each an effect on the Government Of this country, and the minds of gentlemen in gni. reel, and par (calmly those who had latterly been so !holly occupied by tee dotperete mania that had gone forth resspeciing - free trade, tint eltinmuly the ancient system would he reverted t i, under the Fetes:tint of which they had embarked their cupioth and under which, for upwards of two centuries, the shipping interest of this tourney had gels on In a conoant s m i te of prosperity. In the lumi. nines speech nvide by the Right lion. Gentleman, the President of thi Beard of Trade, in the House of Commons, it was stated that a great incrense of shipping had been employed during the last year. They all knew that the excitement which prevailed last year gave employment° additional shipping. But in looking at the booke at Lloyd's, it would now he found how powerfully the ere eretem had begun to develop itself. He hoped this Society would talc such measures as would awaken that sort of feeling in eee rends of his Majesty's Ministers and the country, that would t)nviece them the shipowners had a right to the Fame fair system of protection as was granted to other portions of the community. It was the opinion that the commerce of this country would have been benefited by the new s ystem . . Petitions had come up from tee commercial bodies of Hostel and Liverpool in favour of free trees. But the effect bad been completely the reverse. (Hese. lan.) A great diminution of the exports from this country had filuent•the late measures. Thus was a fact which he thought •tske volumes (hear, hear) in favour of the Resolution that had leen proposed, respecting which he trusted( there was but one feel trig pervading the nit eting. The Resolution was then put atnl carried unanimously. Mr. J. 31aasnat.t. fit his powers inadrquate to the duty that ':.:voiced on him. in proposing the second Resolution ; but stand ', t there on public ground'', and having ro other object but to con. theme, in common with his friends around him, to promote the 'nipping interest of the Country, lie should entleaveur to °fro such lumens as occurred to his mind to convirce them that it was et once eeir duty and their interest to concur in that Resolution. It was hastily potable, in a meeting of the shipowners of Great Britain, . oen.hiel on an ocenaion of as great Iteportence as had ever Drought them together, to avoid entering fully into the arguments that had been urged in sopport of those alterations that had been Pmeented to be made In the Navigation Laws of rids country ) and which lad uhimately received the ',auction of the Legielatuee. For that potent it would be ementiod to look at etune parts of the speech of Alr. Hitekieson, which he contested had not carried con. 'lesion to his mind of the correctness of the views or reasonings of li , nt Right lion. Gentleman. He regretted to find himself at issue with Ms Msjesty's Alinietets , because he thought , upon very many ' important euest ions, they had conk. red the grexest benefit on the ' c'""iers mot bed v themselves treated for a strong tetie tomer warm :.,' I,gre'llei'te (Lend cherry..) limn urn the qiteation which they em agitated affecting the British shipping interests of this country, he was as far removed from their views as were the Poles asunder. Ile thought, if the system Government Lad introduced were puree. erred in, it wooid not only tend to overthrow the greatness, the. Puma, the grandeur, and the glory, of our country, but to under mine its very safety as a nation. He belt in his Land the report el . Mr. Huskisson a opeech , a s . it was given in the 7'i,ur'. In his teimmeneement the Right lion. Gent• said, he felt confident the (louse entertained with him a very anxious interest on the subject iii . w i tch he Intended to invit e th e i r attention. He (Mr. Marshall) should not have noticed this point, if it were not of consequence to 'tenet that the Gouge of Commons was not so identified with the ,hippi ng interest of the country as Mr. Huskisson attributed to it. At the Bone he commeneed his speech, if the Howe had been canted, 3 i n _ it was doubtful wheth e r th ere wou ld have been found 40 .` 'be" Present. Immediately after hi* epee*. there were only '''' MeinbelS puree t, end berme the debate - bad .clowl there were only 11. This proved that the liststalt shipping interest was oat represented so efficiently as its importance required. If it had been a question affecting the interests of either the manufactuten or the agriculturists, there would hare been a very different enlister. The Right Honourable Gentleman proceeded to say that S:ate necemoty must regulate their conduct tit any eiteratiene in the l eers of commerce and naviomion ; " and," staid the Right Honourable Gentleman. " ae ought on all occasions to look to the peculiar ordure or thin ,state necessity, as that which allould he uppermost in nor minds, where the interests of commerce and nevig 'lien cannot be leconcileil. And where they could nut be reconciled, I have no hesitation in mating that the boeteets of commerce ought to give way, and that those of navigation ought to have the pre ference. 1 have stated this' plainly. and if those interests, in con. sequence of the measures which have recently been adopted, are en posed to any clanger, I sin willing to slier those measures'. But I do not thine that any suet, appreheeeion might to be entertained, ansl wilt that feeling I wilt endeavour in defend the measures in question. I think that a part of the conditions on Which theNavi ration Acts are founded, is not to press on nue interest more titan another ; not so to treat ore manufacture as to give it an undue Mean tage over snot It er." 4,1 Now, if the principle of not preeeino on one branch of trade more than another was acted upon, if the Corn Laws were abolished, the poor red at a reasonable peke. and the coot of all the materials used in building and equipping a ship reduced, then indeed the British shiposners would have nothing to complain of. They could com pete with foreionena ; net, they would hare come advantages. for there was a %obit of perseverance and of enterprise in the English character, which enabled thetas to bear on against any disadvantage that was not overwhelming. But while the Corn Lew' existed it was impoodhle for the Brilish shipowner to contend against the fear ful odds that were arrayed against him. Mr. liu•kisson referred, in the course of his speech, to Mr. Baring, as a loom practical man in the Hoorn of Commons. Perhaps it would nut be unduly ap preciating Mr. Baring to say he was also as great a practical man as was out of t h e Douse. Now Mr. Baring said thus Cis to the shipping trade with the North tif Europe, it so much depended on, and was affected by, our Corn Law., that in e.oneidering it. those laws met us at every turn. The navies of the North of Europe were manned by fewer bends, and fed on cheaper food, end were at a lower rate of wage% than ours--circumstancee which must continue as long as our Corn Low% remained ; and Sir M. W. Ridley said " it was quite impoasihie that we could expect our shipping interests to be sufficiently protected whilst they had to contend wi,h the difficulties and disadvantages which at present oppressed them." The Corn Laws ass a subject so intimately mixed u with the question before the meeting. that he could not. avoid al luding to it. A free trade in torn ought to be allowed. But tt4y could not abolish the Corn Laws without giving sonic protection to the home cultivation of land. IThetiever this ques. tion came to be settled, some duty of protection must be given so the landed proprietor. What would be the consequence of the abo- Iltion of the Corn Laws without any protecting duty ? The whole of the infrior land, and much of the better sort. would go out of cultivation. The agricultural labourers would become paupers; the manufacturers would lose a great portion of their home ' market ; and finally this country would be dependent upon foreigners for a supply of corn. The only alternative then was to give a protection to the aviculturist ; and if so. why not to the various other branches of national industry ? (Cries of "Question !") He woplel ask on what ground it *as that the sante principle of pro•ection should not be extended to the shipowner ? (Hear, hear .) To subject that defenceless branch to an unfair competition would be to invert the language of Mr. ildskisson, toyeetesopon one interest more than another, aid to treat one source of employing capital an as to give it an undue and im proper seleantege. It was of this and this only list the shipowners complained. They complained that instead of Government acting on one general principle, they made the shipowners an exception, for the Jake of experimenting upon them their new.spim theo ries. Uceettanen't had begun at the wrong end, and had deprived the shipowners of thatirrotection to which they were entitled. Mr. Huakisson said that while they looked at the interest of the ship owners, they were bound tolook at the interests of commerce in gene ral. Now if it could be shown that by the immure adopted the other interests of trade and Manufacture had been benefited, then the shinowners ought not to complain, because the general welfare ought to be the chief object of Goverument. But this had nut been the result. So tar from it, that the returns of the exports to Prussia, Sweden, end Denmark, last year. and the imports from there places in the same period, /dewed that we had not been gaining anything Icy the sacrifice which Go vernment had thought proper to make of the shipping interest of this country. He had been recently in the town of Hull, and This informed by twoof the principal factors there that these foreioners, as soon as they discharged their cargoes, called for payment in specie, and Pet off with it as fast as they 'could. Thu% foreigners took from this country all the profits, which, If realised by the British shipowners, would be expended by thins in England. This was committing a sort of *ld de sr on our own prosperity. Mr. Huskiason had also adverted to the groat increase of employment to British shipping last year: but lie (Mr. Mar-hall) would refer to a petition lately presented to the House of Coalmen', from the port of Hull, in which it was stated that that port chiefly traded with the North of Europe; that from the Ist ,January to 30th ' April, 11;2S, the number of British vessels entering that port was two huadred and seventeen—the tonnage 32,pa tons. Foreign vessels, 2f,3; tonnage, 24.487 tons. But that in the corre sponding period of Intl, the number of British %easels that entered was 90: tonnage. 10,894; and that of foreign emotes 294, the ton. I nage bring 17.000. At this time many persons at that port have ships unemployed, whilst they have the mortification of witnessing foreign vessels entering their ports daily. The advocives of free trade would have shipowners build ships at any place where trey could do it cheapest. But what would be the consequence in time of vat? Realties, this MUM would transfer the carrying trade to other countries, which would trove our own navy without men to navigate it, and without seamen to protect our country, if Europe ehould ever again coalesce against it. He would now advert to the inefficient state of the representation orthe %hipping interest in Parliament. Hail there been persona in the House of Commons identified with the shipping interest, possessing practical ex perience, and acquainted with the details, such partial measure% would not have pawed as they had done, without the least oprws. ' , Won. But a period was arrivi g when the landed proprietors would feel alarmed fur their own safety, and would begin to awaken to the certain consequences of supporting the application of the principles of free trade to any one branch of industry. lie hoped, however. in proposing the following Rmohttion, he should not be misunderstood by the few friends whom they possessed in Par liament, or be comidered ungrateful to them for having done all that was In their power to protect us. Mr. TINDALL seconded the Resolution. _ _ Mr. JAME* YOUNG Tore for the purpose of order, and to suggest to Gentlemen not to enter into the dkrucsion of subjects of poittical economy. They were not met to discuss the Corn burs. Suffice it that those laws were not altered, and that the shipping in- terest was depressed, and had a right to call upon the Legislature fur relief. The Hemlition was then pot and tarried unarimoosly. Mr. Deo rLE proposed the next Resolution. lie agreed with the observation just MAP, that there was a unanimity as to the dis tressed state of the British shipping. and he should confine himself to the question immediately before the meeting. Without supposing Government to have any oilier than a desire to arrive at a know ledge of the real situation of the shipping interest, it was much to be regretted that the , accounts which were brought forward by 51r. Iluskisson in the Howie of Commons had not been moved for some ten or twelve days previous to the debate, so that they might have fallen into the hands of practical individuals, who could have undeceived Government, or have enabled individuals who were dispesed, to put the House in possession of the real conclualons to be formed from those accounts. The eetimate was deduced from those papers, of the comparative trade of Eng land and other powers, was fallacioue, because the average amount of tonnage had been taken of the whole of the British shipping, and compared with the average of foreign shipping ; whereas much of the British shipping was employed to breeches of trade in which foreigners had no right of reciprocity. Taking those branches of trade where the reciprocity' had existed, he found that in 1822 the number of 13TiliA l ships i mported 29,396 tons, and foreign ships 202,735. But in 1824 British ships imported 256 (100, whilst the foreign ships hsd increased to an importation of 468,000 tons.(llear.) But if this great falling off' of British tonnage had been met bylad vantages to the State in other ways, they might probably be toll that other Inmate were to prosper as will as the shipping. But the fact was, that one exports front this country had decreased, while :he imports of foreign ships had increased their tonnage to this country. The Committee of this society had taken the earliest opportunity of Mims/deg his Majesty's Ministers with the cousin lion that such consequences would ensue as they now found them. 'arta labouring under, if Governmeat persisted in carrying tlitir measures, The worthy speaker then adverted to the 'statement made by 51r. Huskisson respecting the increase of shipping em ployed Ign year, and controverted the conclusion deduced front that fact upon the grounds already urged by a former speaker. lie also woke the fact of en inereaxed 'lumber of vessels built during the late peciod of excitement ; but said that these were built chiefly in the United holes by mere speculators, and that those vessels were now sellirg at most ruinous pricer.. But by the return of ships built during the last eight years, it appeared that in 11125 they amounted to 2,542,000 moos, wttile in 1018 they were 2,1;74,00 tons. So that with all this building in 1823, there were less in tonnage by 130,000 last year than in any year during the eight years before. If such an effect had been already produced, what • lit the report of this speech in the British Press. May 13th, the namage runs as follows:—" At the same time, however, he was equally bound to stale, that those regulations were founded, as it appeared to him (Mr. II uskisson), upon what was the first and highest ground for the laws of every State (hear, hear); lie meant political necessity. Ile therefore was as ready as any man to ad mit that they ought on all occasions to look to the interest of that State necessity as uppermost in their minds, whenever the interests of commerce and navigation could not be reconciled. (Ilear, hear.) And where they could not be altogether reconciled, he had no diffi culty in at tint; it as his opinion, that the interests of commerce oug ht to give way (hear, hear), and that the interests of naviga tion ought to have the preference. (Hear.) Upon this question he hoped be bad placed himself fairly before the House; and If any of those measures of his Majoity's Government which had been recently &depict, conamant to this mode of viewing the sub. jeer, had ill any way contributed to the danger which was sostrongly apprehended, he should have imposed upon himself no slight task in attempting to vindicate himself far the part he i,ad taken. But he must at the same time say that any system which cramped commerce in a degree beyond what was neeew.ary for the planer don of navigation, was in itself an unnecessary interference. Be must say, apart from the consideration of the principles upon which the" lavli navigation were founded, the House w bound to take care not to depress one branch of industry timed than another ; not to treat the mode of employing capital in any on* period, in such a manner as tusk* it as undue advantage over Umber." • THE BRITISH PRESS. I must it be in the course of Is few year., when the capital at this country was wasted in foreignehipping ? What was to be therm. sequence of all these change* ? Use of three must follow. If things continue in their present state, they Must either lope this most valtia , hie part of the trade trf the country ; or they must 1. -rare their eV% and resume the laws as they were before the alterations took pl..ce, or the timber duty was taken ofF (for that was the com mencement of the present et stem). or they must invest British capital in foreign shipping, the c.mtiequenee of which would be that they must employ lonian seamen. GNI forbid they should we that day. (Cheers.) Bat whist else stated them in the face 1 He, however, .poke of this merely a. an alternative. After noticing the inadequate relief that was otr-red by AI iniment in the reductions of certain duties, and the permission to import salt provisions, which would be at the sacrifice of the imerests of Lreland, none of which concessions, he observed, bad been asked for, or ought to he accepted by th • shipownert of thin kingdom, the worthy speaker concluded by moving the third Re...photon. Mr. FP t, uttNE thought there was no ileum for the shipowners to complain of want of adequate representation ; and considered that if the Committee would only exert themselves, they might obtain many ativ.intsees from their President, the Earl or Liver pool, and others of his Majesty's 31inisters connected with this Snciety. A Mr. BUTLER now addressed the Chair, and began to urge the expediency of breaking the !soaked fait h towards the public creditor; but the cries of the Alceting prevented this gentleman from pr,ceeling with his harangue; and he was ultimately railed to order by the Chairman, who said his observations were quite ir regular. l'he Third Resolution was then carried. Mr. J. You NG mowed the Fourth Resolution, which was una nimously agreed tn. Mr. GEO. FRED. Yount", in a speech of considerable length, in which he controverted nitutr of the statements contained in Mr. iluskinson'a speech, moved the next Resolution. He said there was no channel of communication open between the shipowners and Parliament, by which the real vote of their interest/ could be made known to the Legislature. He, was not prepared to submit his progeny to the dictation of any Government. It was the pro vince of Government to elicit measures, and for Parliament to in quire into the propriety of adopting them. But it was only infer. motion upon which they ought to legislate, and parliament h their case been lamentably deficient in the necessity information ; and it was to this circumstance that the bad consequences that hart fallen on the shipowners mil/91CW traced. Had th•ebiett of Mr. liuskisson's speech been to lull to sleep the fears, and to mislead the judgment of those to whom it was adevemitet, there never was a speech more calculated to effe,u its purpose; hut if it was meant as a fair and candid development of the facts of a case, witch Government was desirous to he sincere, then there never was a speech less entitled to credit and confidence. (Hear. hear) He had brottalit his mind to the deliberate conviction that the Right lion. Gentleman's statements were not to be depended upon, inasmuch as they were not untrue, but partial. After going Omagh various details, which had, in great part, been already noticed by the preceding speakers, the Gentleman observed that bad the shipping interest been impale represented in Parliament, none (Arlie late measures would have passed. lie concluded by ex horting the meeting to act in conformity with the reeommenthttion contained in the Resolution which he had the honour to propose to them. Mr. GILLESPIE growled the Resolution. Mr. J. Yount: proposed an amendment, to the eireet that no per. aon in the present meeting would vote for any candidate who did not pledge himself to use his best endeavour to re-enact the old Navigation Laws. This motion was opposed by several gentlemen, as being dero gatory to the charaver of a Member of Parliament to require from him any such specific pledge, and the amendment was finally negatived. The original Resolution was then carried unanimously. Mr. CHAPMAN moved the next Resolution, which was seconded by Mr .1. PEURING. and carried unanimously. • The thanks of the Meeting were then voted to the Chairman, who made his acknowledgments, • and the meeting separated. THE NEW CORN EXCHANGE. A Meeting of the Proprietors of this Company was held at its premises in Mark-lane. yesterday. THOMAS ISAAC DISISDALE, Esq. was called to the Chair. The (AA( nMA N. after a few preliminary remarks, requested Mr. Ttlson. the solicitor to the Company, to read the points of the Act of Parliament under which the Company was constituted. A SUBSCRIBER said he felt rather unpleasantly situated. The Meeting was called to take into consideration certain points of the Act of Parliament. Ile, for one, had not been able to obtain a copy of it, anti was therefore unable to make himself acquainted with any part of its bearing. Mr. Tr i.so Iv —lf yon had applied at my office, Sir, you would have been famished with one. SUBSCRIBER—That I did not know. The UIIAIIIMAN—I am Pure I shalt feel happy in giving - you one now, sir; or, i n deed, futaishiag you with any information specting it that lies in thy power. The Aleeting of this day is for the election of Directors and Auditors. Another Su BSC ID Eft —I found no difficulty in obtaining a copy of the Act, and so far from there appearing to he an chicction to furnish infortna•ion respecting the movements of the Eompany, there seetner: to me to be an evident desire not to blink any thing. (Hear, hear.) • Mr. Tri.sox said, it was well known to those gentlemen pre sent, that at the outset of this Company there were as immense number of Subscribers to the undertaking. By Coe Act of Parlia ment the capital of 90,009!. was to be ratted, and it was necessary, before such Act could be obtained, that the whole sum should Ire subscribed for. To carry tins object into effect, several of the par ties (Shareholders) Were wsited on, and the amount was very soon signed for. ( Hear, hear.) The Royal Assent to the Bill was given on the sth of the present month. In the preamble of the Bill they set forth, that " Whereas, the Cnrn Exchange of London, situate in Mark-lane, is small and inconvenient. and inadequate for the business to be transacted thereat : And whereas, from the want of accomm o dation In the said Exchange, numbers of Com-factors, Dealers, anti others attending the same, are unable to obtain stands therein, and are oftentimes obliged to transact their business in the taverns and houses adjoining, and in the public street of Mark-lane; and the said street being a great public thoroughfare, the footway* and ear riageways thereof are, by reason of the concourse or people therein on days on which the said Exchange is open, much incommoded and obstructed, and the inhabitants and the publi.: greatly incon. venienccd : " Ard whereas, It would be a great convenience and advantage to the Corn Trade, to the inhabitants of the neighbourhood, and to the public at large, and would tend to remove the obstructions and inconvenienc,s Mote mentioned, if a tine and more extensive Ex. change, with propel accoinnindationa. were erected and established, and proper rules and regulations nods for the good government and management of the same: "And - whereas the several persons hereinafter named, together with others. are willing and desirous at their own expense, to erect and provide a new and more extensive Corn Exchange. and make all necessary preparations for effecting the purposes aforesaid ; but the same cannot be effectually carried into execution without the aid and authority of Parliament. They therefore pray that an Act may be passed for erecting and providing a New Corn Exchange, at or near Mark-lane, in the City of London." The Worthy Solicitor then went through the different clauses of the Act, by which it appeared that the Company was to be divided into 1,800 shares of 50/. each ; that within thirty Amyx of the passing of the Act a general meeting of the parties to it should be called for the purpose of electing ten Directors and two Auditory, and out of the former a Chairman ' - and that they had the power of opening a communication with the present Corn Ex change. The Solicitor then went through the whole of the clauses. The CHAIR MAN said that the Solicitor had pointed out to the Meeting the various clauses upon which the Company was consti tuted. He felt it requisite to inform them that there was an under. ruandinff now between themselves and the Committee of the Old Corn Exchange, by which the compensation to he given to the latter would be about floe-twentieth less than what was originally demanded by them. (Hear, hear.) The freehold of the Old Market its Committee had valued at 48,0001. and the good-will, lea at about 12,000/. more, making a sum of sixty thousand pounds. He felt that there were many of his colleagues in the room who would have done more justice to their cause—but, as they had been pleased to put hint in that honourable situation, he would do the best he could. (Hear, hear, hear.) He felt that the task he had to fulfil Was greatly increased by the obloquy which was thrown upon companies generally, in consequence of so many having been set up upon such frivolous grounds. Ile was happy to say that this Company was not one of those; for it was started upon principles which would be of the most essential service to the community at large. (Hear, hear, hear.) At the conclusion of': the Into war a stimulus was given to every branch of commerce, which had bent carried almost to a state of delirium ; companies had been started for every object; they had their Washing and Fish Companies, as well as those of a more elevated character; but for tunately the bubble had burst, and those only would stand their I ground, whose object was likely to be beneficial to the public, and this Company was one. (Appisuse.) The intention of the Committee was to raise a market sufficiently large for the use of all or the greater part of those men connected with the corn trade. It was highly necessary that a market of this description should be open to all. The sales that were effected upon their ins-. ket was a criterion in general of the value of land. It was requi site that the price of grain should not he too high, or it would affect the interests of the manufacturer ; and that it alionld rot be too low, lest the wants 01 the agricultural la bourer should be touched. (Hear, hear, !sear.) The Corn- Market was under the control of thirty corn-factors, who had the power of admitting or refusing whom they pleased; and it must be seen that men sitting in judgment upon those with whom they were in competition could not help at all times feeling a de. geee of Wan. The present idea was not like a bridge or a railway, neither of which would be used for a long period, and. perhaps not at all. Nortt was an erection loudly called for ; the increase of that branch of trade made it requisite that further accommodation should be afforded to the parties engaged in it. (Iletse.hear.) would be seen, from the evidenee before the (louse, what that*. crease Was: frorn MS to Ufa the sales amounted to 1,701,1 N (marten ; anti in the last live year* they were ou less than 3.400,0110, qua/tem. of dye economy in the erection of their building, the undertaking would yield a most handsome dividend to those pestles eme rge d in it. 4Applatme.) . • After some observations from Mr. HARZ the Meetingpromead to the election of Directors and other offielers. "fhankd were then voted to the Chairman, and the Meeting sep tets& SOCIETY FOR - PRO.VOTING CHRISTIAN KNWEPEDGE. • '!he anniversary dinner Of this Society was held yesterday at the Preemasona"ravern. whieli was numeostody and nimit rex:went/AY attended, AMOIII those present we noticed the Hipbone of Dundion, Cheater. Durham, Exeter, and Olniicester ; Lord Kenyon, AD. Jtintice Park, Mr. Banker', 111. P.; the Rev. Dm. Wel hialey anti Borrawes, and several other daitinguiihed members of the Church. At half-part live o'clock the company sat down to a most excel ! hut dinner, at which Mr. Jusice Perk presided. After the areal toasts—" The Church and Kin t," ** The Duke of Vink and the Army," " The Duke or Clarence and the Navy," •• The rest of 'the Royal Family." had been drurk— Mr. Justice PAR[ said, that having been unexpectedly called to president the anniversary chimer of the Society, fie would Avail himself of the first oppnrtunity to purpose the health of the Arch . bishop of Canterbury. President of the Society for the Promotion of Christian Knowledge. Ile was sure the exertions which his Grate had made to forward the useful objects of the Society were fislly appreciated. ‘Vtien his illness checked his efforts; in rite cause of religion, all those who had any connexion or intercourse with the charitable institution,' of the metropolis felt much. '1 hose exahlishrneme were injured by his temporary retirement. Ile thanked God his health was now renovated, and that he was ena bled to renew his benevolent and useful exertions in the cause of setigion. lie would propose the health of his Orace the Archbinhop of Canterbury ; which wits drank with every mark of reamer:a The CIRAIRmAN then proposed the health of the Bishop of Lon don, who, be said, had displayed as much real In the can* of charity aitti religion's, the head of thsChts•ch of England had done. 'rhat 'need of praise was due to his merits ; yet were he not checked by his presence, he could stay more of the Indefatigable exertions he had on ail occasions displayed in forwarding the Interests of the Society. 'file oust was received with great approbation. The Wallop of LONDON said he felt highly gratified by the man nev in which his health had been proposed from the Chair, and by the wry in which it was received by the company. He had always given his attendance at the meetings of the Society, and would never be wanting, by every means in his powek, to promote the objects of the Society, which he wan happy to coy could now be prosecuted with every prospect of Stlatlol. The Cnatnatax, in promoting the next joust, " Prosperity to the Society he Promoting Cliristien Knowledge." said, that when he that became a member erf the Snctery the netwober *f subscribers did not exceed two thousand, and ROW they had augmehted to fifteen thousand ; though the company assembled bore no rumor lion to that number• yet he was happy to see so respectable an assemblage, whose presence was a proof of the lively irrerest they felt in the pmaperit vof the Society. They would heir Irons one of the Secretaries a statement of the affairs of the Society, which he would not anticipate by any further observations. The Rev. Mr. PARKER then read the anneal Report, which gave a very satisfactory and flattering view of the plan and finattees of the Society. He said, in the year 1611 the members of the Society did not exceed 4.400 pdr , ons; and that they were at present in areaeed to between fifteen and Pi veel thousand. The total amount of imissaiptions in that year were little mere than 23,0001., while those of the present year amounted to about 66.0110 L The Society had advanced gradually to a secure and permanent establishment. The abject% of the Society were not confined to the mother country, but extended to the most distant points of the Paitish Empire. India and the West India Islands were within reach of its salutary benevolence • Bilden were distributed in the army, navy, and the shipping of the East India Company. In Ireland, where the poverty of the people called for peculiar assistance, schools were en:itely surnamed from the funds of the Society., and in the Highlands of Sco:land grants of money and books were distributed. In India a separate fund had been established for forming native schools, and, when the utility and i aportance of that inalitution became known to the public, he felt persuaded that adequate means would be - , found to aid the benevolence which originated such nacre! establish ments. A very inpurtant object had been obtained ill the Island of Ceylon, by the formation of a central school, for the education of persons Wll3 should be qualified to fill the situation of school anteaters to the other schools, distributed through India. He had re ceived a letter from the Bishop ofJamaica, which held out the most cheering prospects in that island. An Act of the Legislative As sembly had been pasted, which enabled the different parishes to build churches and chapels. A Protestant chum!' had been built in Spanish America, and books in Spanish and English, snit in French and English, had been distributed among :he native, of the different state.. Twenty years ago no one could have eve templated, and far less anticipated, such successt; and he conceived it was impossible to calculate what might be expected in 20 years hence from a steady perseverance in the plans hitherto adopted, and acted on by the Society. Having laid before them that short state ment, he had only to thank them for the patience and attention with which they had heard him, and hoped that the objects of the Society mignt be ditrutted throughout the entire world. The Bishop of Los DON then proposed the health of" Mr. Jus tice Park and the Judges of the Land." He said the Society hall always had the attendance of some members of the Isearned Body, of which Yr. Justice Park was so distinguished an ornament. (Applause.) That body had always administered the law of Eng. land on the principle that all law eau bounded on the basis of reli gion ; and though their valuable time was so much occupied in that truly beneficial occueation, they yet tuund leisure to devote a portion of it in the promotion of those institutions which were labouring with them in diffusing morality among the community— the hest and surest means of presenting crime. The health of Mr. Justice Pink was then drank with enthu. _ Justice PAR► said he had so often stated, for the last ten years, his sentiments with regard to the Church of England, that he felt it unnecessary to repeat them on that occasion. ►t was bat doing justice tombs Judges of the to sty, they had administered the law, founded as it was, at.'l ought to be, on the basis of religion, as had been represented by the Right Rev. Prelate. Ile begged to offer him his most cordial thanks for the kind and affectionate manner in which he had proposed his health. lie would propose ' the health of the Stewards. The Bishop of DURHAM returned thanks. The health of the Rev. Dr. Barnes. the late Archdeacon of Bom bay, was then drank w.ta much applause; which honour that Rev. Gentleman acknowledged in a short speech, in which he bore testi mony to the usefulness of the Society in India, without which, he said; the exertions of the clergy in India wool] be very ineffectual. The healths of the Treasurers, the Bishop of Bristol, the Attor ney-General, and Mr. Bankes, were then drank, for which they aev:•r..lly returned thanks ; after which t'te company separated. highly gratified at the prosperous stale of the Society's affairs. During the evening a collection was made for acute distress:ll widows, which we understood amounted to a considerable sums SPORTING INTELLIGENC'E. TAT TERIALL's, Tuesnny, Alas , M. Thia being the settling day for the Derby and Oaks, the room, the yard, and vvery avenue leading to them, were at an early hour crowded, not only by every class of .peculators, but by a great number who were attniotel by the rumour that there would be hot work about the General. The latter portion of the visitors were, however, greatly disappointed, for a quieter settling day we do not recollect. It was generally understood at the opening, that all bets respecting the above horse must be paid, anti that those who withheld their payments, without showing good cause, would be looked upon as detaulters. Paying and receiving, therefore, com menced, and continued till about three o'clock uninterruptedly, when the arrival of Mr. Farquharson slightly broke in upon the hitherto monotonous routine of the day. We should premise, that this gentleman has been one of the firmest believers in the report that all was not right with respect to the General ; and that he has openly expressed himself in strong terms on the conduct of those at whom the rumour appeared to point. When, therefore, lin Farquharson entered the room, it was expected by all parties that he would at once • breach the subject. awl, in fulfilment of this expectation, that geollenum immediately took a statement from his pocket, which lie offered to read to those present; but on it. being suggested that the matter would come under the notice of the Jockey Club, and that as all Vets were in the course of payment it would be best to drop the subject, 111 r. Farquharson acquiesced in the propriety of this recommendation, and directly paid his bets. We are acquainted with the statement intended to have been read, which Is briefly thus :—lt begins by stating, that Mr. Thornhill (owner of the General) having demanded from Mr. Farquharson an explanation of his expressions impugning the character of Mr. T., lie (Mr. F.) could toile give ;sahib; commie as his authority; that where the evidence was only hearsay t it wax impossible to give proof of the truth of the reports circulaieel, but that he hail beau told that air. T. had some time ago ceased to be the actual owner of the hoist, who re is not friee to start, and that if the horse really was ill, it wax easy for Mr. T. to satisfy all parties, by showing him to the public. This was the substance of the paper, by which it will be seen that there is little chance of any thing being proved to justify the Jockey Club in giving any judgment unfavourable to the owner of the horse, particularly as it appears to us that lits onus of proof reata with NI r. Farquharson. The above affirir being at rest, the business of the day proceeded, and terminated. apparently, to the satisfaction of all; though it must be confessed that a few paid their bets in rather 3.11 ungracious manner. It Is said that, in rowel numbers. the party against The General have won about 2.00,000/. One gentleman nets 10,20 W., haying, by a strange fortune, betted against about twenty mares for 14 Oaks, without including the winner, which he backed. We are happy to add, that there do not appear to be any clea fatil erg. After the betting wan over, a few bets were made; but the only one worth mentioning was :So to 1 against Forth's lot for the Leger. %%Inn the linsine's of the davUli.l4 clomal, the conversation tuened on the approaching general election, and offers were made about York and other plac:a likely to be contested, but not accepted ; Viten a gentleman high on the turf loudly vocifreated that he t lipoid bet a. 6, and 7 to 4, and at butt 2 to 1 in pounds, ponies, or hundreds, on Robioson, for Worcester, against the field. Mae Named inclined to speak; but we =his were entered into. The Lady (7amplull waist Coring* and then she was to proceed to the f: and London. On Whit-Tumelay, ao agricultural name of William Harding, of as annual meeting of a friendly member) the seve*lieth time. The in the procession with -almost the aecording to present appearances, i tend for some years to 'come. He ass, Int r k there would brtN•ob ham Mr. ikkkhd ill paw ;1«e. 0/1/0014it, be ester, slipshod the fiche. Many I assignees should use their irfluenee to have the elesilbehlied - : did not hear that any engage. the use of Mrs. Forbes and her children. The assignees Ohre to de every thing in their power, consistently with ibetatiessw the creditors and. in coneequence, conveyances us dwiewolow ::nrings on the 10th January, 15.11601. bail made by MT. :roundelay, for rha beadle 01 he Coast, Madras, Gibraltar, -creditors. Mr. Gordon submittal that the creditors veaseia Mai Wand to realise the hopes Mitts Jai bean add away-alWas proved so advanrigeous to Jam ivisimmiai Own, wombs jonio W ricultural labourer of the *ol __- nto it. Atter some obse4tmbriblinaMr.'lll•Matri bed oil Hagbourn, Berke, attended creditors. it was itgitoiniousiy tawrivark. d i s e tramilll o . o . 411 ly society (of which he is a o aw era l to pay t o Mrs. Fobs, *Si Indir 4 atike The word3y old man wafted . ' and apply to Je Court of Chanfenar44ol slll l.l k res sys ec tis o i b i llet i eetejed. Af e i r ssz e tr aus alf• 10 • 41 " . " • the agility of youth, and, !et, seems not unlikely to at- im w i t Iting's Beak and 001 1 reinl He billow in birt39tli year. of minor iwPorninee; Je Mamba selmumed• 70 rim EDITOR OF TIM lIIIITINIT PRESS. . . _ .._ SI R , —Whe n t h e passion of men are ao, Rated.' whatever ve,Vne cause of their exciteuteitt , it hof reef era s see d t o appeal int"liir reason. llowevm misled or deceived they ince be, you outlet wait ti:l their heath are cool, before you can hope to addisms yourself to them with ant sheers.. Now th it the onfortianam rage for Nikk i/ g of power-looms has subsided, those who were profememily if, 'worn enemies of mach:otos!, from the mistaken persuasion that it threw them oto of emp'ovnient, and was the emote of ill their die treat. are at leisure 'o toren to the better-informed among that order of the community to which they bitiong, tool luberomeconvissadt ' na on mature retleetioo they must be,—that all the niechanicat ini ; provenients and inventions for the saving of labour, ate eVentaidlly as beneficial toi the working elm... x ea to the capitilials, and that ' they never niece such etflictual war upon themselves as when tbey rim against their employers. A retrospective stew is taken. in the New Amoral Roglistar ( IRIB), of some of the must important opplicatiotis of Nutted l'ltilneophy and Chynnstry to all the comforts, accommodations, nod luxuries of life, within the laid half lento/7, It being ivi:birr i that period that the productive power, of labour have been no astonishingly multiplied by the discoveries of science. It is trolly effirnied, that among the mast efficient causes of the wealritof this country is the imme.taa saying of labour in its manurfachires, pro. doted by the introdur ion sad improvement of the &cam Engine. against the agency of which so mooch destructive enmity bas re cently been let loose. This mighty instrument of power, by which one of the most extraordinary and tremendous agents of Nature is made subservient to the will, and conducive to the benefit, of moo. was indeed known tn. and suggested towards the oho of the seven teenth century by, the Alarquis of tl'orcester, in his " Century of Inventions=" but it is to the ened . cation of delimits! knohledite principally that the• atram er.gine of our day is indebted foy lea. oontlerfol powers. lie. Bleak justly characterizes thin enginotaa the master-piece of human akdl, and no less justly observes that it has not been " the production of a chance observation, hot she result of deep thoug ht and reflection, aed really a present by 4410- lasophy to the Arts. , ' , e . It is not aloes the cotton manufacture in all its branches, whetter of spinning or weaving. that its. been brought to its present auttletlf eeheit and improvement by the application of steam : More* scarcely one of the various manufactures tor which this emeneryita so distinguished, a^d by which it has been so enriched' that time tun reaped inealeulable advantages from this wonderful e la atenther respect it hex contributed to t ie a d vance m ent o f manufactures, by rendering the attainmen( o f that arfiele aiii more easy and cafe. without winch the steam engine itself would be thelesit;—l allude to its application to the k ee pi ng o f coa l oil mines free from water. ..: Contemplate the advantages that most be derived is tornneerth from eitearn Navigation ! Do we find sailors complair lag that adds and oars are superseded? No tomb thing, for they benefit eery way by the improvement. Did we ever find plGkehmrn objectipit to the introduction of horse labour ? No ; for their situation is. its all respects, bettered, and the demand for thcir labour has increased with the profits of stock, while they share, equally with the rest of the community, in the benefit of inereaited protlitee. To forbid, by force, the employment of machinery. Is in fatt ieit redid the progress of science, to oppose the advancement of di. fume% mind, and to reduce men by degrees to the otiteesitylif becoming beanie of burden—to force them to be "hewers of-wood and drawers of water." But there is too ranch good sense in The labouring classes of this kingdom to permit thtir being long tided as to their true interests, and there is good reason to hope from 'ap pearances that every de? is bringing them nearer to a true mode of thinking, and that those who have exerted themselves.lo diosemi nate sounder opinions upon this important subject have not laboured in yaiu. dl E RCA TOIL TO THE EDITOR OF TNEBRITISH PRISS MAY 24, 182 - Ma. EDITOR—AI the public mind has been long engaged en the subject of Negro Entaocipation, and the' difficulties attached to tt, I am induced to submit to your consideration a few observa tions upon the subject, as the Abolitionists have lately published their Annual Report, by which It appears that the Slave Trade by Increased under the measures hitherto pursued. The Abolitionists of Great Britain appear determined on carrying forward the rent moral feeling of justice and humanity, for which purpose they may be said to have canvassed the country, from the numerous pe titions to Parliament on the subject, to which his Majesty's nisters have ever shown the respect due to public opinion, but feet embarrassed how to obtain the object without cointnitting great hi justice to another description of persois, as not only the abet lition of the slave trade, but slavery itself in required. It 'multi have been wise to have obtained the first before the seeord was brought forward, as it would have removed Many difficulties that attend it : by confOunding the two, we nak Mi. Matins to do an act of moral justice, but commit, at the same time, a flagrant political injustice, in the depredation (I may say, anni hilation) of personal tamper y. I am led to this obserntion Irene the in•camerate measures of my. friends in Parliament, who tailt*.af coercion—a measure of great danger in these times, arid would create a feeling of disloyalty in tne sufferers, who eve snerounded by nation( who would know how to profit by it. Thispatidn May not be. so unanimous, as it is said to be, in the mean. preposed7to abolish Slavery, try submitting to a speci fi c tax, for the peteposhet indemnifying the planter tor , his loss, mil the mortgagees in•Engs land for theirs, as most of the estates in the West Indies are deeply iodebted to merchants here. It would be much better If the Bouts of Commons did not receive any petitions on this subject, extent the subscribers affixed to their names a sum subscribed for tha pm. pose, to form a fund for indemnity to the planters and °theme. this walla likewise do away with the imputation that the petitions are cb /titled by influence or threats, a nd t h at t h e signatures, nine out of ten, are these of painters, school-boys, orinfleenced persons.— thus their petitions would verify their assertions of the respectabia lity of the subscribers. I have. annually subscribed my mite for many years, with the hope that something rational might be adopt. ed ; but I cannot consent to plunder one desc iption of persons to forward the views of another. If half the number said• td have signed these petitions had attached to their nam a a small Minn sad the amount been paid into the Bank, it would have formed s runt! equal to the [remand immure. This ism very equitablemode, wbidh would move the 'inebriety of the petitioners In their novitiate of the public interest in their measures. Petitions without tuttetnip (ions are Mere verbiage, and would throw the whole °nue upon Minaters, who have never urged the question, and do not feet justified i.t taxing the country for such purpose. They have'bean g.nerously-liberui already to abolish the Slave Tr a d e , a nd m a n regret to find it worse than ever, and that the memtres pursued for twenty years have not only proved feeble and anemia' to the at tempt. but have entailed another unforeseen expense. that of trlair_ brining the car tired negroes, to the amount of 18,000, who are at Sierra Leone, idle. The Government must be sick of this, - when so many at home are in want of the necessaries of life. Surely some means of employment may be found for them, to render them use• fut. Cannot the Commercial Marine employ them o —the India Company, instead of those miserable Lonnie who disgrace our streets. The late Lord St. Vincent always said they were good salon!: the navy c told take many, and the army the rest. See what mortality there is in our regiments in hot countries, which the employment of negroes would save ; or as piotsee e, working bab talions, or any thing to repay the country its expense. It waif said In Parliament. by Ministers, that Sierra Leone was kept as an ex periment of the pr posed advantages to be derived from the aboli tion of the Slave Trade. Surely twenty-five years' great expendi tura of life and money must make the Govertunent sick nf coon ruing the experiment, and &shims of finding them employment elsewhere in healthier situations. It would appear as if some denim presided over Africa, that paralyzes all our efforts to render it use tul, either to the ncgroea we have protected or to Great Ilititaia. May our Ministers possess wisdom and energy enough to civilize Africa, for its happiness and England's prosperity !—its commerce will amply repay eteni all their expense and trouble, and the alit— litionist hod in civilization his object effectually obtained and secured. alay the British Government have that honour ! is the wish of HUU ANITAB. An excellent field of coal has been discovered on the lands of Chartershall, in the immediate vicinity of Stirling, after a long and expensive search on the part of Sir Arch. bald Etln.onrtone, superior and proprietor of the minerals on the above lands. The coal is said to be,of t h e very best quality.—Colamian Mereotrp. On Tuesday, Samuel Fletcher, a sailcloth weaver, at present in the employment of Messrs. Ntaberly and Co.. leaped over the old bridge of Dan, into the river, a height of about AO feet. Within two seeonds aft( r his fall he rose to the surfic.i of the water, anti swam ashore amid the acclamations of all present.—.-lbeellee.s Journul. A meeting of the creditors of Marsh, Stracey, and Co., took plows on Monday, at the Court of Comasessiouere of Bank ruptcy,, fur the purpose of obtaining the assent of the creditors to &deed of settlemeot tratielty H. Fauntleroy, inidarch ltin,.and foe other purposes. The meeting was very thinly attended. Mr. Gordon. solicitor to the assignees, stated that the object of this deed et settle ment was to inve s t , in the funds, for the benefit of Anna M. Forbes, a sutu of 2,0801. ; the dividend,. to be paid to her during Monte, and after her decease, in trust for the two daughters of Anna Maria Forbes, in such meaner as she should direct. This Nom, in ton. sequence of accuottdation, at present amounted to 2.03601. Mee. Forbes having lately applied fur a part of the d:sidends, and the assignees cot feeling themselves warranted in acting- without the , consent of the creslitots. they had celled the present meeting. itt order that the coeditors might consent .to are application to the Chancellor for the purpose. Mr. Fauntleroy war perteetly aware, some time before his trial took place, that this deed mold be an. milled. The assignees applied to him jai order to lave some assignments, which, if not (flirted, would. uu his conviction, he forfeited to the Crown. To this he assented, on conetaiontare the . assignees • ' deed forfeited foe promised intonate of amount of .tie et die konour ~ .t ,~+ .. ,~. WI WM Ascii 1