The Sun. — London, England, 1860-07-24 00:00:00

MONEY MARKET AND CITY NEWS. CITY, Two O'CLOCK. The market for Foreign and Colonial Produce has been less active during the last few days. For tea the inquiries have been limited. Sugars have shown a downward movement in prices, but a strong business has been done in coffee at full rates. Rice has been in fair request at about late quotations, and moderate dealings have been effocted in spices and saltpetre. At the public sales of indigo, just closed, an average decline of ab out 6d. to 9d. per lb. took place in the rates rea s ed i compared with those of the previous auctions and a large proportion of the quantity offered has been either bought in or withdrawn. Tallow has been in strong demand, chiefly for home consump tion, and prices tend upward. A. diminution is reported in the general demand for money, and the discounters are consequently disposed to negotiate approved commercial securi ties with greater readiness, although they still en force full rates for the accommodation they afford. There is a plentiful supply of money, however, and if the inquiry' should continue moderate, which seems scarcely probable where so many new pro jects are being introduced, competition may lead to the establishment of reduced quotations. .At the usual half-yearly meeting of the Bank of London, held to-day, a dividend, at the rate of 5 per cent, per annum, free from income tax, was dei3lared. The Cotton Market at Liverpool yesterday was aqsain very quiet, and prices were variable. The sides were estimated at 7,000 bales. A dividend of 15s. per share will be proposed at the forthcoming meeting of the Australian Agri cultural Company. At the approaching meeting of the Bank of Egypt shareholders, a dividend will be recom mended at the rate of 7 per cent. per annum, the a•v'ailable balance being £11,148 9s. 10d. The Market for Public Securities continues quiet, at previous rates, the debate in the House of Com- Mons last evening upon the national defences not having caused any material variation. Consols are 9:3 to 93} for money, and 93f for account. The New 3 per Cents. and the Reduced are firm at 93! 1; Long Annuities at 161; India Loan is heavy at 1041 i ; ditto Stock at 218 ; and Exchequer Bills are ls. to 4s. prem. ; the New 21 per Cents. have unproved to 771. A moderate amount of business is recorded in Foreign Securities, and prices show no material change. Turkish 6 per Cents. are 77 to 771 ; ditto New, 60 1 ; Mexican is flat at 201 ; Russian 3 per Cents. are at 631 to 641; ditto New Loan is marked 1 prem. ; Sardinian are steady at 831; Spanish are heavy at 481 to 49; and Brazilian at 99.1 to 100. The _Ocean Marine Insurance Shares are 21 ?,- prem. ; the Thames and Mersey, 1 1 prem.; and the Universal, 1 1 prem. The dealings in the Railway Share Market have been to a fair extent, and prices have shown an upward movement. Caledonian, Eastern Counties, Great Northern, and South Eastern have advanced se. ; Bristol and Exeter, Brighton; Manchester, Sheffield, and Lincoln, and Midland, 10s. ; North Western and Great Western have declined ss. ; and South Western 15s. In the Foreign and Colonial Market the varia tions have been unimportant. Great Luxembourg were steady at 7 ; Great Western of Canada brought 111 ; East Indian, 991 991; and Great Indian Peninsula, 97 to 974. Joint Stock Bank and Miscellaneous Shares were at about "previous values. London Chartered of Australia brought 23 ; Oriental Bank, 171, ; Electric Telegraph have improved to 107, and Peninsular and Oriental Steam to 744 ; Red Sea Telegraph are steady at 20. BRITISH FUNDS—CLOSING PRICES. Bank Stock 3 per Cent. Reduced Annuities 934 1 1 3 per Cent. Consols Annuities New 3 per Cent. Annuities New 24 per Cent. Annuities 77t Annuities, 30 yrs, expire sth Jan., 1880 — Ditto for 30 yrs, expire sth April, 1885.. 164 India Stock Ditto 5 per Cent. Ditto Enlaced Paper, 4 per Cent — Ditto 5 per Cent I.;.itto 51 per Cent Ditto Debentures, 1858 97 6/ Ditto Boilds £l,OOO 3 d Ditto under £l,OOO Consols for Account, 9th A ug . India Stock for Account — Ditto 6 per Cent. for Account Exchequer Bills, £ l,OOO, lid D tro £5OO Ditto Small FOREIGN FUNDS—CLOSING PRICES. Brasilian 6 per Cent Ditto 41 per Cent. 1852 Ditto 1860 Mexican 3 per Cent — Ditto Account Peruvian 44 per Cent — Ditto 3 per Cent. 73 Russian 5 per Cent. 1822, £ St — Ditto 4i per Cent. Scrip, 1860 Ditto 3 per Cent., 1859 Sardinian 5 per Cent. Ditto Account Spanish 3 per Cent ... 484 9 Ditto Account Spanish Cora. Cert. of Coup. not funded 5 Turkish 6 per Cent Ditto Account Ditto New Loan Ditto Account Dividends on the above payable in London. Dutch Exchange, 12 Guil. 21 per Cent — Ditto Certificates, 4 per Cent. THREE O'CLOCK. Consols, Money Ditto Account, August 936 HOP INTELLIGENCE. WORCESTEL—There has not been any improve raent in our plantations this week, and the general reports at market to-day were very bad. Duty £B,OOO. MAIDSTONE, July 19.—The hop plantations have gone back considerably during the past week, more especially since Monday last. There were symp toms of improvement when we last reported, but at present they appear to be entirely gone ; they are in many grounds completely beset with the fly and lice, and the vermin are making great inroads - upon the weak bine, discolouring the leaf and giv ing it an unhealthy appearance. The bine does not grow out as it should at this time of the year ; the Midsummer shoot in some places is entirely ab sent, and, on the whole, the prospect of a crop is far from cheering. Honey dew has appeared, and there is an evident blight among the hops.—Sussex -Express. THE MAILS. MAILS DUE. Australia, Ceylon, and Mauritius (via South ampton) .. .. • • • • • • • • Aug. 10. Do. (via Marseilles) Aug. 4. Bahamas and Havana (via New York) .. .. Aug. 2. Canada, & a . ( v i a L on donderry) .. .. .. Overdue. .. A ug. 1 . CaPe of Good H & Hoc... C. • . • • . .. C hina, Penang, and Singapore (via S arnpton) July 19. Do.Gibrat .. July 19. India( r (via Southampton) .. • • (via Marseilles) July 27. Calcutta), Ceylon, &o. (via Southampton) July 19. India ru,_ otaba ) 130. Do. Y , (via Southampton) • • July 19 vi .. July 28. Lisbon, oils'Marseilles Lisbon,_Vig Buenos Ayres, & c. • • .. and oJuly 21. Malta, Egyg and Porto 'United States, Californ Do. (° 'a Marseilles ) Aden (via Southampton) • • • • Aug - . 1. July 19. Western Coast or AtriL a ' -- ( s is Cork) . • bily 25 ' West Indies and Pacifi ' Madeira, Teneriffe .. Aug. 10. .. July 19. c, Cartho•ena, Cuba, &c. July 30. ...-----..__......._ ' B IRTns . —On the 23d inst., at The Grange, Farnham, the Hon. Mrs. Henry Clifford, of a daughter. CLIFFORD. Surrey, TATLOR.—OR the 21st inst., at 41, Gro svenor-square, the Lady Charlotte Watson Taylor, of a daughter. IrEnNoN.—On the 20th inst., at 55, Portland-place Lady Harriet Vernon, of a son. • MARRIAGES. DASHWOOD—FOWLER.— On the 19th inst., at Rat h mo. lyon Church, James E. Dashwood, Esq., son of Vice- Admiral Es Dashwood, to A nne Mild re d , daughter of Robt. q., of It ahinston House, co. Meath. FARRELL — GORMANSTON.—On the 19th inst., at Gorman ston Castle, John Arthur Farrell, Esq., of Moynalty, c o . Meath,. to Lucretia, second daughter of the Right Hon. Viscount Gorman.ston. DE A. TH B. HOLLAND.—On the 21st inst., at the Victoria Hotel, Euston-square,Capt. Fred. Holland, R.N., of Ashbourne Hall, Derbyshire, aged 45. LISTER.—On the 21st inst., at Hersham Lodge, Esher, John Lister, Esq., aged 45. PRAED.—On the 19th ult., at Ahmedabad, Bulkley J. Mackworth Praed, Bombay C.S., second son of Bulkley J. Mackworth Praed, Esq., of 4, Bryanston-square, Lon don, aged 23. SCOTT.—On the 18th inst., at Northfield, Duddingstone, David Scott, Esq., aged 95. tk 20 stock stock stock tock Atock stock stock stock 211 stock stock stock stock stock stock stock stock stock stock stock stock stock stock 2s. 6d. SHARE MARKET.-(THIS DAY.) is:DINARY SHARES AND STOCKS. Railways, Belfast and 'Ballymena Bir., Wel , and Str. Val. Birk., La., and Ch June, Blackburn Blyth and Tyne Bost. Sleaf. and Mid.Co Bristol and Exeter Caledonian Carmarthen & Cardigan' Cork and Bandon 'ork, itlrock., &Passage Cornwall Do A (A. ads no div Do B until 6pc peran h a sbeen pd. Dublin & Belfast June Dun., Perth, LAb. Juno. East Anglian Eastern Counties Eastern Union, A stock Do do B do Do Nw A,,late EUlds East Suffolk Do Edinburgh & Glas(zow Edin. Perth, k Dundee Forth &Clyde Junction Furness 'and S. Western Great Ntbn. of Scotland Great Northern Po do A stock Po do R do Gt. S. & W. of Ireland Great Western 101 106 1164 116 i 1144 115 i 134 136 113 114 761 701 60 65 Do Gtr Val !.1:119. stock Irish Son th -est stern I Lancashire ctc Yorkshir , London and Blackwall Lon., Brig:ht.. k S Coast Lond., Chat., and Dover Lond. &Nth. Western Do eighths Lond. do sth. Western L'derry It Coleraine 'L'rlerry (15 Ennistallen Man. Shef. ds Liwoln Maryport and Carlisle Do do shares Metropolitan Midland 107 f 107; 69 71 114+ 115+ 114 124 1024 103 121 14 95 96 10 11 42 41i 3 2 d 1194 120 96 98 nlrmincr. lc Derby Ind. (;t W. of Ireland Do shares 11114 Kent Do, Cray Line Newcastle and C Newry & Armagh, def Newry, Warnpt. & Roe Norfolk N. hn. Counties Union .. North British . D • A stk ; A recs no d. until 6pch as beenpd.B Do B stock ......... Nth. Eastern—Berwick Do do , G.N.E. purchase Do Leeds .. Do York North London North Staffordshire N. and S. W. Junction Not. & Grantham Rail Peebles . . ......... Portsmouth Rhvmney .• Scottish Central Scot. N. E., Aber. stock Do Scot. Mid. stock Shropshire Union Sittin P - bourne & Sheer. South Devon South Eastern South Wales S. York. and River Dun Staines, Wok,. and Wok Stockton & Darlington 7 6dl 0 57 34 3d 64 64} 981 913 f 1# d 521 83 83 531 104 106 4 . 31 d 10 6 i 6i 115 117 31 S 2 86 88 50 52 6 7 451 461 841 E 5 67 69 79 82 6 8 1 40}411 91 101 ._, Do do Stockton & Hartlepool Taff Vale Do Pref. No 1 ThamesHavenr k&Rail Ulster • • Do ........... ..... Vale of Neath Victoria Sta. and Pim Waterford & Kilkenny Waterford & Limerick West Cnrnwall West L0nd0n......... Do Ist class Do 2nd class ........ West Midland—Oxford Do. Newport Do. Hereford PREFERENCE SHARES 551 51 4) 2 3 50 d 54 111 11 6 61 Railways. 45 47 10 11 Closing I Business P all I Price. Done. Blythe and Tyne 10 per c. pref. (issued at £5O Res. & Exet.4 p.ct.stock Do. do. do. Shares Caledon £lO, 41 per cent Do. Quar. Shares, No. 2. , Cork & Bandon, 51 p. c. (Cornwall, 5 per cent Dun. Perth &Aber..Tnn. E.Angn.Class A. 7 &sp.e Do. do. Class B 5 p.c Do. do. Class C 7 p.c E. Conn. Ex. 5 p. a No.l Do. do. No. 2 Do. New 6 pet et. stock. Eastern Union, 4 per ct. Do. 5 per cent. guar... Edin.&Glas.sp.e. shares Do. 4 p. e. gua. S. & D. Rdin. Perth& Dun. 4 p.c. Furness, 5 per cent .... Glas.& S. Westg.a. 5 p.c. Great Northern, 5 p. ct. Do.sp.c.Redm., 10 p.c.pm Do. 44 p. c. do. do. Do. sp.c. Redm. 5 p.c. pm Gt Nh. of Scotld. Ist pf f Gt. Sn. & W (Ireland)4 1 p. et. .pref. stock Great West. (Berke and Hants) Ext. 5 p. ct 'Co. Redeemable,4lp.et Do. Redeemable, 4 p. ct. IDo. Irredeemable, do Do. 5 p.et. Redeem. Pref IDo. Birm. Pref. Shares Rlt. Al". Ches. 8 p.c. ptsh Do d c sp. ct. pref Do Ilirmzguar. stock Do. Chester gua. shares Do. do. do. Do. do. do. T,an.&York 6 p. c. stock Do.Barnsl.st.£s 3s 10d pc Do. 6 per c. (E. Lan.) Lon. & Brig. 5 pagn. No 1 Do. 5 p. c. No. 2 Do. gua. 6 p. c. Do. do. 5 p.c. No. 4 Do. do. 44 per cee. Do. do. 41 p. c. shares Do. 7 p. ct. Pref. stock Do. 6p.c. do. (W,E.&C.P )1 Do.4p.e.S.(div.clettil '65) ton. Chat. and Dover Lon. and N.W. Coy. and Nuneaton, 5 p. ct ton. & S.W. 7 p. ct. stock Do. 44 per cent Do. (Prtsm. perpl anus of 2s. Rd.. ..... ......I Londondy. & Cole. 4 sh. Londony. & Ennis. 1 sh. • 'Wan. Sh. &Lin. 6 per et. Do. £6 Do. 31 per cent Do. redeem. 6 per cent ITary- ort & Car., 4 p. c Do. 44 per cent Mid. Con. 6 p. c. stock Do.Con.Bris. & Bir. 6 p.c Do. 41 p, a pref. stock Do. with option till 1860 Do. Leic. & Hit pref. st. Norffk 5 p. c. Ex. st. 1846 IDo. 51 D. c. Pref. do. 1847 IDo.sWay.Val.Ex.st.lB47 North British, 5 p. c. : Do, New, gua, sp. C. Do. Bor. Un g. pf. abs Do. do. do. Nth.Dev.Eail. & Dek.Co. IN-East.Cons.Pref. 4 p. c. Do. Berwick, 4 p.c. Pref. Do. do. do Do. Leeds, 6 p. e. No. 1 , Do. do, Quarters, 1848. . Do. York, IT, & S, Purch. North Staffordshire Rhymney Guaranteed Scottish Central, new pf Scottish North-Eastern 3/, p. e. pref. stock Do,Aberdeen,guallp.e. Do. 7 p, 0. pref. stock South Devon. Ann. 10s. Do. Fixed 41 per cent. ,South Eastern (Reading Ann., 1.0.6) Do. 44 per cent Do. Fixed 4p.e. Ist is outh Wales. gua, 4 p.c Do. 41 per cent. S.-Yorkshire, 4 p. c. gua. Stock. & Dar. A 5 p. c Do. B 6 per cent Do, e 6 per cent Watrfd & Kilkny, 6 p.c W.Mid -Oxf Ist Goa stk Do. 23 do Do. Newport 5 p.c.pf.red. lao.Perpet. 6 p. c. pf 1866 Do. till 1869, Ist is. be. do. 2d is. Do. Hereford 44 p.c. pf. 94 06 [O3 105 5 1 6 1 [Ol 103 114 116 LO5 110 [l2 114 111 113 '27 130 79 81 111 113 90 92 77 n [O3 105 [lB 120 [l7 119 112 114 105 107 86 88 98 100 100 102 S 9 91 91 93 102 104 10 101 17 18 101 11 76 78 201 20 , 1 101 10' IFI 151 139 141 17 119 .17 119 40 145 [l7 119 [O4 106 [55 158 132 136 88 70 201 211 116 118 1571 12} 121 127 129 IP 69 71 141 143 10t 105 94 96 111 113 108 110 1 P, 92 94 98 99 1 $d fd f p 224 23i 73 75 122 124 130 135 104 11 •34 2-14 103 105 103 105 86 88 28 29 33} 34i 33 34 45 50 128 130 123 125 10 10} 12 126 101 11 12& 8 124 L__INES LEASED AT FIXED RENTALS. Railway& I Leasing \Closing Business Paid,,, Co.'s. Price, Done. Bedford and Bletchley all 1.. n & N•W .• • • Buckinghamshire .... 100 Ln e; N.Wi la 98 Chester & Holyhead.. 100 Do. ....,.; 52 52i Do. do. 54 per cent. 100 Do .1127 129 Do. do. 5 per cent. 100 Do 1113 115 Clydesdale Junction.. 100 Caledonin;lo4 106 Colchester, Stour Val. all E,U.&E C . 16 17 E.Lincolnshirea.6p.c. 100 Gt. North. 138 140 E.Union,Harwich Shs all E.Counts. 4k 41 Do. Woodbridge . . 100 .- •-• Gls.Barr.&Neils,Drct. 100 Caledonin - ..... Do. New .......... West.loo Do. - - Gloster& Dean Forest all Gt. - - HartlpootDck.& Rail all YILNABr - - Hull and Selby Do. 4 Shares ..... - - Do. 1 Shares L an e& Carl. gua. s p.c lOO Ln.&N.W 209 212 London & Greenwich 100 , o East. - 1 62 1 20 64 D o. Preference .• •. . . 00 . . 100 PNeothrfo&lkC.o 9 ...1 93 921 Mane.,Buxtn. & Matk. 11 Mid. BradfOrd Prefer -51.05,0 D LI FV. .6 e' Ts p l e °l r bi tY c ' e gl i n t Sft . ° l, t . Pe . n . c . dt .. 11 a 00 D j A rvi , sa I 1 2} 4 Ne e w nc in e a S r toc kt. lt .B . u .. l : y •• - f guaranteed 5 P. 0. all ;Do 56 58 Nortlin,& Eastn. 5 p.e,6 51Ei.CdloaThlunth 96 98 i B p a il Midiand 144 15 - Do. d p o i . x 6 ed peri p ce e n r t c . e . i ; t : II . D l) ° . • _- North Western ...... a- L871 , 1v - .-- Preston and Wire. {1 all t L.Yk. i •-• Do. 4 Stares ..... . . A.I all " o Yatn.Hitela„ ft Sh ep, 100 6 t,Nor . th li6 1 - 39 106 Shrewsbry& Hereford' 100 T.Bres„gey 161 _____TiArimbledo ....} P Do • Do. 1 1 ...... 1 South Staffordshire -1 a4J ' M'Clean. • lui n Do. ... .. . 'Wilts and Somerset.. 100 at, West. 91 93 1 ---__ - ---- -- Id , C pydp. a% j, 6 lrtnn____- 811 ----- _ --, Share ' j Closing 1 Business Docks. i r,aid. p r i ce . Done. Virest Indies. I - - r---_ —_„,--__ stock Comm stockt c London.,, -- on 4 ci stock stock i S v t . i : r a l: j e t i lahl Commercial, 1 1 . n i : .......... - .1 ..: .... .......... ....... 1 1_1: 0 9: 0 97 - 1 11 9 9 1 stock East alleaCenl. .l;rei.iiil3- I n st 2 o o ck ID So o ut N h e a:p . t . on e . i .................. 100 0 : id Bedford and Bletchley all Buckingh tnishire .. 100 Ch ester & Holyhead .. 100 Do. do. 54 per cent. 100 Do. do. 5 per cent 100 Clydesdale Junction.. 100 Colchester, Stour Val. all E.LincolnshiregAp.c. l 100 E.Union,Harwiph Shs, all Paid Closing . z-r toe. 8 84 78 80 11/ 12/ 61 71 tO4 106 94 941 0 7 8 9 16 16i 56 57 36 38 25 27 77 78 30 31 Business Done. 10 1 10 stock stock stock stock stock stock 10s. stock stock stock stock stock stock stock 118 115 4 4 1074 111 15 103 21 3 120 191 I all 100 31 100 100 100 100 100 16 13 4 100 100 100 174 all 98 1 d 129 7 all 1100 1171 100 100 100 all all 111 E SUN, LONDON, TUESDAY EVENTNG, JULY 24, 18150. BRITISH POSSESSIONS. Share Railways. P a m Closin,g ißusiness done Frice. I Bom.,Baroda&.Cent Ind 100 Atlantic &St Lawrence all 841 854 stk 100 931 941 945 Gn. 18 Do, Do. 5 per cent B 16 11 1 d r4Buffalo and Lake Huron all 45 54d Do. New 10 Do. Preference ...... all 65 6 / 100 Bufalo,Brant,&Godrich 100 75 80 1 6p. ct. bds. Aug. 1, 1872 100 Do. do. July 1873 100 70 75 1 00 Do. do. June 1, 1874 100 68 73 5 Clcutta.&S.Eastn. (LiW 1. 30. 5 d pr 20 Cape,Eastn.Prov. (Lim.) 2s. 20 Cape Town & Dock Scrip 3s. 25 11 d 1 20 Ceylon Guarantd. 6p. c. 74 1 5 d 651 171 Demerara all 20 Eastn. Bengal gu. 5p c 71 15 11 d 6/ stock East Indian, gu. sp. 0. 100 99 100 991 51 1 20 Do. F Shares Ext..... 15 5 d par 20 Do. Jubbulpore l5 1 d par 100 Do. 41 pc. Debentrs all 981 904 100 Do. sp. c. Deb., 1864 all 100 101 100 1 1 1 20 Geelong & Melbourne all 21 22 sto. Geelong* Corporation 6 100 , per cent. Bonds stock Grand Trunk of Canada 100 271 281 1 00 Do. 6 per cent. Pref all 90 92 100 Do. 6 per ct. Debentr all 53 55 531 1 0 0 Do. 7 per cent. 1862 100 Do. do. 186,7 all 50 85 52 100 Do. do. 1872 tock GtlndiaPenin.gua.sp.c lOO 97 071 97 5 20 Do. New gua. sp. c 6 1 d 1 d 0 Gt. South.of India (Lim) 13 11 1:d guaranteed 5 per cent. 201 Gt. W. of Canada Shares all 111 115 11/ 201 Do. New Do. Bonds pay. '76, with 100 all 96 98 opt, till '6O 100 Do. do. '73 till '60....., all 95 98 100 Do. do. '73 without opt. all 95 97 100 Do. 51 p. c. do. '77 da stock Madras, g uar., 41 p. a stock Do. d 0.5 per cent.— stock Do. 45 p. c. Extension 100 90 92 20 Do. Fourth do-- 20 Do. do all stock Melb.Corp. 6p. c. Bnds lOO Newßrunswick & Canda 20 Ry.&Land(Lim.)g.6pc all 5 7 Class A Capital Share ▪ Do. do. Land do 20 Do. do. B Capital do. • Do. do. Land do. 20 Oude (Limited) ... stock Scinde ..... . 20 Do. Punjaub 20 Do. Do. ... lt sto Do. Indus.. St. Flo f 20 St. Andrews & Quebec A 18 10 Trinidad (Lim.) Scrip.. 1 5 5 d FOREIGN RAILWAYS. 10 ntwerp & Rotterdam all 4t li 20 Ardennes..... ......... all —p f 20 Bah.&S.Fran..Lim.7p.o. Si i 5 d 7 i 6 Belgian East. Junction all 2 1 20 Beziers to Graissessae.. all 1 6 Carmeaux Mine & Rail all 25 21 100 Coipiabo .& all 10 Ditto Extension all 25 lid 20 Dutch Rhenish 20 Eastern of France 20 Grand Rue. Guar. 6p. a 6 20 Do. do. all 20 Great Central of France all 20 Gt. Luxem., Con. shs all , 65 7 7 20 Italian Junction .. 20 Lake Constance & Bale all ' 20 Lierre & Turnhout all 20 Lyons & Geneva 331 Maria Antonia 10 Do. New 20 Namur & Liege 20 Do. 6p. c. Pref all 195 195 16 Northern of France all 37 38 20 Do. New Shares 10 Norwegian Trunk Pref all 8 9 l F ea r n an s... (iwi; all 531 541 ) 20 Paris,Lyons, & Medit er. a ll 341 351 2 2 0 0 1 R. a egf s e & & O S r . gua. 7_p. et lim l3 2 lid 111 20 Rlga & Dunaburg 10 Rome & Frascati 20 Royal Danish all 13 15 141 5 Royal Swedish ........ all 4 Do. 7 per cent. Pref.... all 20 Sambre & Meuse 10 Do. 51 per cent. Pref all 81 Rf 20 San Paulo, lira, e. 7p. c 2 5 id 1 5 I 20 S.Aust. &Lomb Vene ti n 12 id 1p 215 20 Southern of France all 191 201 85 West Flanders . . 10 Do. 51 p. c. Preference all 95 95 20 W. & N.W. of France 23 Western of Austria 6 20 Western of Switzerland all 6 Wiesbaden 6 Do. 8 per cent. Pref all 20 Zealand BRITISH MINES. Share Mines. Al frel Consols (Philack) British Iron Clifford Devon G. Cons. (Tavist ) East Bassett (Illogan) East Caradon ...... E. WI Russel (Tavistk.) Gam.&StAubyn(Gwen.) Great South Tolg - us G.Wheal Alfd. (Philack) G. Wheal For (Helston) Grenville Herod's- Foot Hingston Downs Lady Bertha MArgaret (Uny Lelant) North Downs North Frances (Illogan) N.Wh'l Basset (1110 an) North Wheal Crofty Par Consols (St. Blazey) Providence (Uny Lelnt) Sortridov Cons. Alin.Co. South Caradon(St.Cleer) S. Cam Brea (Illogan) S. Dev. Iron &Gen., Lim. S.Wheal Fran (Illogan) Stray Park Tamar Silv.& Lead Min. Tin Crort Vale of Towey (Carm ) West Basset (Illogan) W. Caradon (Li skeard) West Seton Wheal Basset (111ogan) Wheal Buller (Redruth) Wheal Edward (Cals.) Wheal Kitty (U.Lelant) IWheal Mary. Ann (Men.) Wheal Trelawney (Lis.)i Paid.( Closing I Business Price. Done. 3 4 1 2 235 245 430 440 135 140 1 " 1 13 37 39 12 13 1 1} 21 S i t 29 30 17s 12.13.9 94 5.14.6 8.12 4.8.6 1.8.6 4 i 3 39 91 5 3 1 5 6 9.18.9 1i 10.6.7 12s 8 9} 12 13 45 47 11 31 all 18.1 4 .9 22.18.0 1} 292 k 2974 2 Si 1 165 163 55 57 1 1 2 1 10 a 07 0 305 315 1374 1424 874 ?`24 1E 24 14 15 22 25 27 28 113 s 6dl FOREIGN MINES. :it I 20 Australian 1 BonAccordCopper,L l m lss dpr 35 Brazil. Imp. (is. at £s p ) 27f 11 lf 20 Do.St.John del Re7,Lim 15 25 27 5 Do. Land and MimngCo. all 1 Clarendon Con s.MinCo. die. 40 Cobre Copper all 45 47 Copiapo l6 11 13 1 DunMoun.Cop.Ming.Co all I 1 2 Fortuna. 20 General all 22 23 2Z 2 Gt. N. Cop. of S. Austr 1 d par 11 Kapunda (Limited) 1 1 11 p 3 Linares all 101 11 5 Lusitanian 2 1d p IMar i qu i ta all 1 I 1 N . RhineCopotS.Aus.L 28.01. 1 1 d 20 IPontg . ibaud Silver,Lead • Mining and Smelt all 5 6 6 Fort Philip 1 1 'Scottish Austrin. (L.) los. f d 2842.8 1 1 United Mexican . 1 1 ,Worthing (Limited) all I / Do COLONIAL GOVERNMENT SECURITIES. ICau.Gov.6p.c.Ja.srJuiy too 112 115 Do. 6p. cent. 1881 100 Do. 6p. cent. 1879 100 112 Do. 6p. cent. 1888 100 Do. 6p. c. Feb. Jr Aug. 100 'lll 112 Do. 6p. c. Mar. & Sept. 100 111 113 ( Do. 5 per cent lOO looi t 101 1 I Do. Scri J 5O I N.B.Gov. 6 p.c. a.&July 100 105 10(3 Do. 6p. c. Ap. & Oct. 100 N. S. W. Gov. sp. c., 1868 100 981 991 Do. sp. a, 1871 to 1876' 100 98 99 981 9 Do. 5 p.c.,1888 &upwds' 100 971 981 981 Nova Scotia Gov. 6p. sterling, 1875 1 100 106 107 107 S.Aus.Gt. 6 p.c.1878 &up.' 100 107 109 Vim Gov. 6 p.c. Ja.&July 100 I - I Do. do. 6 p.c. Ap.&Oct. 100 1071 1081 108 1 JOINT-STOCK BANKS. 100 Agra&UnitedService Bk 50 801 40 Australasia all 68 70 25 Bank of Egypt all '221 2.411 100 Bank of London ..... 20 Bank of Turkey 3 50 British North American all 20 Chtd.Bank of India, Szc. all 194 204 25 Ch.liler. of In. Lon.& Ch. all 30 12 100 City 100 Colonial 20.11 Corn. Bank of Canada all 100 Commercial of London 20 Eng., Scot., & Aus. Ch all 161 164 20 Gen. Bk .of Switzerland all 20 Lon. Char.Bkof Austral all 221 231 23 50 London and County 50 London Joint Stock 100 London & Westminster 20 100 Nat. Prov. of England . 42 20 Do. new l2 50 National Bank 20 New South Wales all 20 Do. new 25 Orient. B. Corporation 20 Ottoman Bank 100 Provincial of Ireland 10 Do. new 4.11 25 South Australia 25 Union of Australia 50 Union cr London l2 25 100 Unity Mutual.. ...... MISCELLANEOUS. 1000 10 !.Mc Tel.a(LniMmiitn . ed t ). a a l l l l _l4 I_4l 25 ,Australian Agricultural 19 29 31 10 'Berlin Water (Limited) all 41 5 50 British American Land 40 80 40 31 50 BALMag. Tel. A. (Lim.) all 37 39 20 Do. 8,7p.c.ti111852 (Lim.) all 19 21 20 iDo. C. (Limited) all , 13 15 321 ICanada, Land all 116 118 10 ;Chan.lslands TeL (Lim ) all 6 8 stock Cop. Min.ofEng.&Smltg. all 22 27 25 Do. Pref. 71 per cent. stock Crystal Palace stock no g.ii: hi ps, Telegr aph us.loo :0 32 stock Do. Preference stock Do. 6p. c. Perpet. Deben. 100 104 106 106 25 Do. New l5 1 i p 15 Gen, Steam Nav'gati )n 1 Great Ship I limited) all 4 1 D E i 4 4 1 4 .0. Omnibus irran d Co c . a (L na im l ) all 5 Lon. District TeL (Lim ) 2 11 1 d te s t*. Electric Teleg. all 241 311) 20 London Discount (Lim.) 5 1 1 . d 1 2 0 0 M me ad di r 10 Med. Exten. Tel. (Lim.) all 3 4 25 National Dis. Co. ( Lim,) 5 11 1 d 40 Nerbu.Coal&lron (Lim ) 5 2 lid 10 Ne th erlands Land all ..._ 5 Do.B p,o,PrOf„iss,atl dis. all 100 N.Br.&NovaSootiaLandl 80 10 i 15 1 1 N.B.Australasian ()Lim.) all 1 Oriental Gas (Limited). all PreferenceC °p . e . r", 1:11:14 106 4_2di ' 0_4824 107 ~ I. Do. New Shares (Lim.). 15s. 1 1 11 lo Grintl.ln.Steam(Lim.)A 6 10 Mao 13„ ... r. 6 10 Ditto C , „ stook Peelß.Lnd.&Min.(Lini.) 100 6 48 50 Pen. & Oriental Steam . all 74 76 74 60 DA. New 25 12/ 131 p 371 go RedSe4gndael.g.44p.e all 19120 50 Rhymney Iron 15 Do, Next , 100 Royal Mail Stearn PI• p 9. evegistere_d ...., all l l ail 5 1 6 60 50 49 stock Scot. Austin. Inv. (Qin.) 100 120 130 19 21 20 25 South Australian Land all at 3 5 i Submarine TeL Scrip., a ll i () ( o ITr. 44: cß•sfgp 0 . all al l 6171. 1 ,gg Vl* Pleße4 gi .444 „; gei 9 IQ AMERICA. LONDONDERRY, JULY 24. The Montreal Ocean Company's steamer Anglo- Saxon, Captain Eallantine, from Quebec on the 14th, has arrived. She landed all mails except those for Liverpool and Manchester. The Glasgow had arrived out. WASHINGTON, JULY 12. Advices from Peru to Cie 12th ult. state that the relations of the United States with that Republic were approaching a crisis. The Peruvian Minister here has been notified that unless his Government accepts the American ultimatum, passports wilt be furnished him. The sloop of war AVyantoon had arrived in Pcru. Despatches had been sent to Callao, instructing the American Minister to demand a settlement of the claim arising out of the seizure of the Lizzie Thompson and Georgian, and in case of non•com pliance to close the Legation. The election at Oregon had resulted in the suc cess of Logon, the Republican candidate. SOUTHAMPTON, TUESDAY. The North Atlantic Company's steamship Adri atic, Capt. Comstcck, with New York mails and dates to the 14th inst., has arrived here. The news from Havannah was unimportant. Sugars were firm. Freights declining. Exchange firm, on London, 121 to 131. The Adriatic brings 315 passengers and 1,122,556 dols. in specie, of which 250,000 dols. are for England. She spoke the Vanderbilt 50 miles from New York, and on the 20th inst., at 11 p.m. passed afleet in close order, supposed to be the convoyof H.R.H. the Prince of Wales. News received from Mexico states that General Ortega had defeated the forces of Ramire, and taken a number of prisoners ai well as artillery and war materials. Mirarnon had retreated to Guadlajara, and was followed by the Liberals. • NEW YORK, JULY 14. Stocks better, and active. Flour firm and quiet. Wheat firm—demand fair. Pork firm. Sales small. EVILS OF THE COMPETITION AMONG BANKS AND MONEY DEALERS. (From the Money 3farket Review.) More tha . .n one useful - moral is to be 'drawn from the history of the great failures in the hide and leather trade. The public faith in the soundness of the general business of the country, though it has sustained a shock from the evidence of rotten ness in a large section of this particular branch of trade, and from the low estimates of the probable dividends from the estates of the failed firms, is reviving, now that the area of the evil is distinctly defined. But the point upon which the immediate dis cussions chiefly turn, is the extreme facilities of credit which Messrs. Streatfeild and Co., and the associated houses, were enabled to command. With out these facilities the whole system would have come to the ground long before it attained the pro portions by which the public have been so much startled. The question—how happens it that the two or three millions of unsafe paper were kept afloat so long ?—is one of deep importance to the commercial community at large, and to the share holders in our flourishing banks in particular. To placard the names of the banks and other moneyed establishments which are holders of the bills of the failed houses in the leather trade, together with the amounts held, would be so in vidious, that the press has, by a sort of tacit consent, avoided this portion of the subject, leav ing the details to transpire at the general meet ings of the banks, or at the meetings of creditors convened at the invitation of the professional accountants. It is not our intention to break through this reserve. There is the less need to publish the list now, because any person who really cares to know the extent of the involvments of each establishment may readily ascertain it by inquiry of his neighbour. It will suffice for our purpose to point to the notorious fact that a dozen of the prin cipal establishments in the city of London are more or less " hit," despite the character for caution which many of them have deservedly acquied. Now, how has this happened ? • We have no hesitation in declaring our convic tion that the cause lies in the too keen competition of the banks and other establishments. Their com petition has of late years attaiued a height, of which the outside public have no conception. Various new banks have been formed; discount companies have been introduced ; and, although we do not say that the forcing system alluded to has originated with such establishments, it is per fectly clear that by these and similar means the channels for obtaining monetary " facilities" have been greatly en larg€ d, and the general rivalry of the moneyed class stimulated. There is, consequently, a vast deal of what may almost be termed " tout ing" for custom; and, in many instances, from' the very trifling extent of the margin of profit, as be tween the price at which the money dealer takes money, and that at which he lends it, it would almost appear as if he were willing to work for nothing save the pleasure of keeping his connection together. We abstain from particularising in stances, in even'the remotest degree, but we appeal to persons of practical experience to say if these remarks are not true. Assuming their truth, a blot in our monetary arrangements is hit. The factitious and unsound development ac quired by the operations of the insolvent houses in the leather trade, constitutes a flagrant instance of abuse of those universally-abused commercial in struments—bills of exchange ; and if, as appears to be the case, the development complained of has been promoted by the extreme competition of bankers and ether discounters, the sooner we look narrowly into the motives of their conduct, the bet ter for the health of the body commercial. It is not necessary to search far for the motives. The rivalry referred to has two aspects. In the first place it causes the money dealer to bid the highest possible price for money, and, in the next place, it causes him to lend it out again at the lowest possible price, consistent with profit, or, it may almost be said, consistent with the avoidance of certain loss. If he had not to pay so high a rate for the commodity in which he trades, he would not be obliged to look about so hastily for a chan nel wherein to employ it. But if he give, say 4 per cent. for money, when the current rate of discount for the best bills is only 44 or 41, it stands to reason that if he hold the money idle for a week, his margin of profit may be completely eaten up. He must employ it swiftly, and as he scours the market, if some of Messrs. Streatfeild's paper offers, he catches it up readily. But if he paid only 3 per cent. instead of 4 for money, the rate of discount for safe bills remaining at 4 , be would not be in the same hurry, and would scrutinise more narrowly the securities offered to him. The plan pursued by the discount establishments differs little from that pursued by many of the banks. The evils of the keen competition now witnessed are felt by all. A remedy would be applied by a common ac cord. amongst the banks and discount establish ments not to allow sore than a certain rate of interest for deposits. To the organisation of such an agreement there is no possible obstacle, ex cept that involved in the t ade jealousy which mutually prevails. The rate of allowance on deposits might be gover ne d absolutely by the minimum rate of discount of the Bank of England, and should in all instances be lower than that now accorded. There would naturally be one scale for deposits for long periods, and another for those at a few days notice. As regards money "at call," w e say that the sooner the practice of allowing interest upon it is abolished entirely, the better. This practice unquestionably causes the immediate reserves of bankers and others to be used up far too closely, and when a pinch comes, and these reserves are drawn back, a tendency t o general confusion is occasioned. To recapitulate, then : We claim to have shown —l, that there is too much competition in the money business of the country. ; 2, that it has con tributed to an unsound developmertt in the hide and leather trade, and to a wide-spread disturb ance, otherwise, to a great extent, avoidable ; 3, that one of the primary causes of the competition consists in the unduly high rates allowed by bankers and discounters for deposits, particularly for money " at call ;" and 4, t h at nothing would be more simple than for th e whole of tne esta blishments referred to to come to a common under standing, compatible with their individual interests, and highly conducive to thos e o f the public. ACCIDENT ON THE LONDON AND NORTH WESTERN RAILWAY. —On the arrival of the 8.40 a.m. train from St. Albans at the II arrow station yesterday a passenger named Patrick Leven, from 11layo, Ireland, imprudently, leaped from the carriage while the train was in motion and fell between the wheels and the platform. When extricated from his perilous position it was found the unfortunate man had received extensive lacerations of the lower extremities, and on being conveyed to the University Hospital amputa tion of the leg was deemed absolutely necessary, and he re mains in a very precarious condition. SINGULAR ACCIDENT IN KENT. —On Saturday morning a ploughman at Chilhatn was af work with a team of four horses on a farm in the occupation of Mr. Bay, when, passing too near the edge of a chalkpit, the ground under the wheel-horse gave way. Observing this, the driver struck the front horses with a view to save the others from going over, but unfortunately the chains broke. The two last horses were oonsequently precipitated into the pit, drag ging the plough after them. One was killed upon the spot, and the other only lived a short time after the accident. The two horses were said to bo worth nearly £lOO.--.3faid stone Journal. TILE DR USES IN SYRIA. That the Syrian Christians ever became subject to the Turkish rule, or that they are now being massacred wholesale by fanatics, they owe to their internecine contentions. For the Christian popula tion of Syria exceed that of the Mahomedan ten to one. From the following remarks, taken from Mr. J.' Lewis Farley's interesting narrative of " Two Years in Syria," some idea of the want of unity which exists among the various sects of Christians my be gathered The fatal weakness which has made this beautiful coun try a manacled slave at the feet of its Mohammedan mas ters, has been, and still continues to be, sectarianism. Were the people united, the Turks could not hold the country for an hour, as they form but a tenth of the population. But the internecine feuds of the different sects have enabled the Turks to carry out the policy of most conquerors—" divide and' govern." The Jew detests the Samaritan ; the Greek hates the Latin; and the Maronite condemns both. We have amongst our clerks in the bank a Greek Catholic and a Maronite. The latter one day said to me, in allusion to the former, " Do not place any dependence, sir, on —; he does not know what truth or honour is." The other on a subsequent occasion said, " You appear, sir, to place con fidence in —; but you will be deceived, as ho is scarcely a Christian." Besides the v trbaus Mohammedan sects, there are nine sects of Christians : -Greeks. Greek Catholics, Latins, Maronites, Syrians or Jacobites, Syrian Catholics, Armenians, Armenian Catholics, and, of late years, Pro testants. In the bazaars, even, this difference of opinion is ap parent ; for you never, in any one day see all the shops open, nor are they wt any one time all shut. The shops of the Moslem aro shut on Friday, their Sabbath; the Jews close on Saturday, and the Christians on Sunday. Each day in the week is a holiday, either for the Greek, the Maronite, or some other of these numerous sects; and it is quite a usual occurrence for a man's bill to be unpaid be cause he is making kaif, ald abfient from his office, it being one of his saints' days. This is oonsidered quite legitimate; and it is not lawful to protest a bill until twenty-four hours after it is due. The Drases were formerly the most powerful, and are still the most remarkable of all the tribes of Lebanon. Their origin is a subject of controversy. Some say they sprang from a remnant of French crusaders, who, unable to return to their native land, settled in Lebanon under the chieftainship of a Comte de Dreux, whence their name of Druse. The celebrated Druex, Fakhr-ed-Din, who was fourth emir, and in whose family the supreme rule was vested, previously to the accession of the Shehab family to power, took care to spread this report of the origin of his people when he visited Italy in the early part of the seven teenth century, in order to solicit aid against the Ottoman Government. This prince introduced a great amount of civilisa tion among the tribes of the mountains, " But most historians make the Caliph Hakam Bi—Amr Allah, the founder of the Druse religion. • When quite a boy he attained the Caliphate of Cairo in the year of the Hejira 386 orAD, 996, and his reign was marked by the absurdities of a madman, and the cruelties of a monster. Ho caused himself to be proclaimed a divinity and the founder of a new religion which was entirely to set aside that of Mahommed. Fear of his barbarity made some sixteen thousand people acknowledge his divinity, which, however, assisted him nothing as his mortality was very emphatically established by his being murdered by his Vizier llanzsi." Subsequent Caliphs persecuted the fol lowers of the Hakem religion, and in this, as in almost all such cases, persecution but served to sti mulate zeal and provoke resistance. Some, how ever, fled to Syria, where the somewhat similar doctrines of Hakem Burka, the veiled prophet of Khorasson had been disseminated, and they soon became a powerful people. The southern portion of Lebanon is inhabited by the Druses. Their religious doctrines are very little known out of their own tribe ; but their code of morals, and the good faith that p r e va il s i n th e i r d ea li ngs , might afford a good example to those sects who are supposed to take the precepts of Christianity for their guide. Their word is as binding with them as a legal contract with others, an d th e i r hospitaity is unbounded. When once bread is broken with a guest, the ties and obligations of hospitality become sacred ; and many instances are upon record where a Druse has suffered serious loss of property rather than be tray those who had thus become entitled to the shelter of his roof. People when excited by religious fanaticism will go to extreme lengths and commit great enormities, but it is only a few and those in general mad beyond all control of reason, who will rush upon certain destruction. Were the Christians at all united there would be little fear of molestation from the Druses, but the perpetual petty contests going on amongst them gives strength and confidence to their enemies. Public feeling is naturally exasperated against the barbarity of the conquerors, and the cowardice and treachery of the Turks. But we have as yet but one version of the story. Certain letters from Syria state that the Christians were the aggressors, that they had sown the whirlwind and are now reaping the storm. Be this as it may we opine that both parties are to blame, but most of all the Ottoman Government. Indolence and intrigue are fast completing what weakness and neglect have commenced. At the present time the Ottoman empire is too extensive, and composed of too many barbarous tribes, antagonistic in nearly everprespect, both civil and religious, to be go verned peaceably by the corrupt and imbecile court of Constantinople. Without giving prepon derance to any European power, these state 3 might be placed under a separate rule. Why should not Syria and part of the adjacent country be united to Egypt, since annexa tion is the order of the day, and Egypt so enlarged be constituted an independent State, As civilisa tion now exists wholsalc murder anal rapine are not to be tolerated. Crusades against infidels, whether conducted by Christians, Mahonaedans, or Druses, might have been all very well in the 12th century, when ignorant and superstitious zealots were the dupes of desi g ning priests and would-be prophets; but now-a-days religion is not be forced down peoples' throats at the point of the bayonet. Toleration is now the order of the day ; every man should have liberty to go to heaven or elsewhere bis own road, but at the same time be prevented, by stringent laws strictly enforced, from interfering with the religious opinions and forms of worship of his neighbours. If the Turkish Government do bestir itself in this matter, let it do so with a deter mination to do justice. Let it not wreak its ven geance on the unthinking and misguided multi tude, but search out the real responsible parties in high places, the first instigators of these de plorable occurrences, and visit with condign punishment its own representatives, who, not content to look on and see murder done before their eyes without interference, basely persuaded a foolishly confiding crowd of Christians to surrender their arms, guaranteeing their security, and then treacherously betrayed them to those thirsting for their blood. Only by a bold, fearless, and straightforward course, resulting in the punishment of the guilty, can the Govern ment at the Porte hope to palliate its reprehen sible conduct in neglecting to guard its subjects against the machinations of knaves and fanatics. LONDON'S TRUE LINE OF DEFENCE. A Staff Officer, in a letter to a contemporary, says : The most effective and economical line of defence which London could possess would be a circular railway, forming a complete cordon round it at an average distance of 15 miles from its centre; and having for its interior lines of operation the nume rous railways which already intersect the space in dicated, and which would form radii and chords to the proposed circle. First, during war such a railway, with its electric telegraph, would permit of an overwhelming num ber of men and guns being concentrated at any given point in an incredible short space of time ; and, as the whole science of war may be briefly summed up as consisting in " the art of placing in the right position at the right time, a mass of troops greater than the enemy can there oppose to you," —arguing upon such premises, which, according to all past history are sound, it follows that, by the adoption of this scheme, a successful defence of Lon don would be rendered a certainty, and placed so far beyond the shadow of a doubt that— " Came the three corners of the world in arms, And we shall shock them." To adapt this railway to the special purpose it is intended to serve, it would only be necessary to carry a parapet along the entire length of its outer edge, to have numerous "sidings" and " switch ings" at regular distances—to have Armstrong and Whitworth ordnance mounted upon large irmt plated trucks, in the manner suggested some time since by Mr. W. Bridges Adams, in an able article contributed to Once a Week,--and to have those trucks fitted with traversing platforms and shcLt proof shields of the kind recently described in public by Captain Coles, R.N. :—" The great economy of this scheme is worthy of remark. One gun transportable would do the work of 20 which are fixtures in forts, and there would be no men to take prisoners, for no forts would be captured." It must in truth be admitted that in these days of steam locomotion stationary forts and batteries, which can only act with their guns in one direction or locality, are obsolete anachronisms and an utter waste of power. Second.—During peace such a railway would be available for purposes of traffic and passenger loco motion, and so yield, at least, some return for the capital sunk in its formation. Moreover, by thus uniting the suburban districts of Woolwich, Bromley, Norwood, Wimbledon, Chiswick, Acton, Hendon, Finchley, Edmonton, and Ilford, our metropolitan thoroughfares would be relieved from a very considerable portion of that prodigious car riage-work by which they are at present oppressed. The more this system is thought of, the more the conviction will grow that it is the simplest mode of rendering London and its suburbs impenetrable to invaders at a comparatively trifling cost, I therefore trust that you will give my " idea" publicity, if only with the hope of its meeting the eye of some one more qualyled than my se lf to e l a b o - I rate it and bri ng the subject to a practical issue. IMPERIAL PARLIAMENT. ♦ -. HOUSE OF LORDS-(YESTERDAY.) NEWSPAPERS BILL. Lord STRATHEDEN, moved the second 'reading- of this bill. Lord CHELMSFORD said that the bill had passed the other house, on more than one occasion, but without any discussion. It was originallyintroduced in March, 1850, and was withdrawn in consequence of the dissolution. It was re introduced after the new Parliament met, was read a third time on the 19th of July, and came up to their lordships' house on the 21st of July, when it was dropped in conse- quenco of the termination of the session. it ' was re-intro duced in the present session, and there eould have been very little discussion, as it came to their lordships' house on the 7th of February. Ever since that time it had remained, without any noble lord thinking it his duty to move the second reading. Under these circumstances it was neces sary to look very carefully to the bill, and to see what pro visions it would repeal. It was proposed to repeal sections 15 to 33 inclusive of the 39th of Geo. HI. Sections 15 to 22 made a licence necessary for places where meetings were held for the purpose of debates and lectures, except houses already licensed for the sale of beer, wine, &c. In times of public danger it might be necessary to resort to stringent measures to prevent seditious meetings, but probably there was now no necessity for any of these provisions, and he did not object to their repeal. The sections from the 22d to the 33d were of a different character. They required that all printers and typefounders should give notice of their in. tention to carry on their business to the clerk of the peace, that notice should be sent to the Secretary of State, and that a penalty should be imposed on any printer et typefounder who carried on business without the certificate of the clerk of the peace. There was also a clause which required that every printer should put his name and address to all papers or bills which he printed. To show how little attention had been paid in the preparation of this bill, it proposed to repeal provisions in the 39th of Geo. 111. which were al ready repealed by the 2cl and 3d of Victoria, chap. 12, but a printer was still required to put his name to all papers which he printed. There was another ♦ery important clause in the 39th of Geo. 111., between the 22d and 23d sections, which empowered all persons to seize any one distributing or posting bills to which no printer's name was attached, and to take him before a magistrate, in order that tho magistrate might hear and determine the case. From his experience at the bar he knew that it was very common for libellers to employ persons to distribute their libels with out a printer's name, and it would be impossible to de tect them if the persons so distributing the papers could not be at once taken before a magistrate and required to state by whom they were employed. He therefore strongly objected to that clause being repealed. (Hear.) He had also a decided objection to the proposed repeal of the 60th of George 111., cap. 9, which referred entirely to newspapers, and contained a clause of great importance, requiring printers and publishers to enter into recognisances by which they were to be bound in a certain sum to be an swerable for any fine or penalty wbich they might incur in the event of their being convicted for a blasphemous or seditious libel. The same Act contained a clause empower ing a judge, when a person was brought before him, to give bail for a blasphemous or seditious libel, to make it a con dition of the recognisance that the party should be of good behaviour during the terms of his recognisance. These were provisions that he did not desire to see repealed. Un der a subsequent act, which it was proposed to repeal, ex cept the first section, there was a clause connected with the 60th of George 111., which provided that where a person had obtained damages against the publisher of a newspaper for libel, and was unable to obtain satisfaction against his goods and chattles, he could apply to the Court of Exche quer, and they might direct that the recognisances might be used for the purposes of satisfying the damages that had been awarded. The present bill, however, proposed to repeal that clause. A bill that repealed so many important pro visions of the 39th of George 111., the whole of the 60th of George 111., and the whole of the 11th of George IV. and let of William IV., except the first clause, deserved the careful consideration of their lordships. As there were cer tain clauses of the 39th of George 111. that ought to be repealed, it would perhaps be desirable to read the bill a second time. Perhaps it would be desirable, however, in committee to confine the bill to the repeal of these clauses in the 39th of George 111., and to omit the other provisions of the bill. The LORD CHANCELLOR said that the bill proposed to repeal provisions relative to newspapers which wore a dead letter and discreditable to the age, and he trusted their lordships would not hesitate to read it a second time. Their lordships might advantageously consider in committee how far it was desirable to repeal the other provisions of the law relative to newspapers. Lord CRA.NWOitTII said that the bill proposed to re peal certain enactments without stating what the effect of such repeal would be. Had their 1 ordabips the least notion what they were asked to do by this bill ? He ventured to say they had not. Their lordships were therefore indebted to the noble and learned lord (Chelmsford) for going!hrough the provisions of the bill so carefully. This bill came up to their lordships' house more than four months ago, but until that afternoon when the bill was put down for a second reading, he had not looked into Acts of Parliament proposed to be repealed. The conviotion he had arrived at was that the repeal of many of these enactments would be most impolitic and injurious. There was, for example, nothing more reasonable than that persons publishing newspapers should give security that they would not be guilty of private malice. He had declined to take charge of this bill, because, as a general rule, he objected to the intro duction of any measure which did not bear on its face an intimation of its object . and effect. In certain cases that might perhaps be dispensed with, as in a bill to repeal all the statutes which were consolidated in a general act, or a vast mass of practically obsolete enactments. Fut in the attempt to make legislation simple—a very desirable object in itself—they must take care they did not expose them selves to the old maxim—Brevis esse laboro, obseurus fi.. Except to any one who took the trouble to refer to the sta tute-book, the present measure was quite unintelligible. Lord WENSLEYDALE suggested that the bill should now be read a second time, and then referred to a seleot committee. Lord DONO UGH MORE advised the noble lord who had charge of the bill to withdraw it and introduce another for the purpose of carrying out those provisions which were not objected to. The LORD CHANCELLOR saw no objection to refer ring the bill to a select committee, but hoped it would not be withdrawn. It was of great importance that a number of these enactments should be repealed, and as the House of Commons had twice sent up a bill with that object, it would scarcely be respectful to that house to dismiss the present bill in a summary manner. When only a single clause was to be repealed it might be very well to recite it in the preamble, but there would be a great deal of diffi culty and inconvenience in doing so where whole Acts were concerned. Lotd WYNFORD observed that as there was no urgent necessity for the bill it had better be withdrawn in order to be amended. Earl GRANVILLE suggested that the bill should be read a second time, in order to give the noble hird (Lord Stratheden) an opportunity of amending it so as to meet the views of the noble and learned lords who had objected to it. Lord STANLEY of ALDERLEY said that he was the first person requested to take charge of the bill in their lordships' house. On examination, however, he found that it gave no information as to the nature of the Acts to be re pealed, and, therefore, declined to adopt it. He was not disposed to oppose the second reading, but he hoped the noble lord would afterwards omit those provisions to which objection had been taken. Lord REDESDALE pointed out that as the short title of the bill was only "Newspapers, ,te.," all that could be left, if they struck out the clauses relating to newspapers, would be " &c., Bill." (Laughter) If the noble lord thought he could make anything of the bill, under the circumstances, it might be read a second time and committed pro forma. The Duke of BUCCLEITCH said it appeared that the bill had gone from one noble lord to another before any one could be got to take charge of it. (A laugh.) He had him self referred to the statute-book to ascertain what were the enactments to be repealed,and he was of opinion that it would be imprudent to repeal some of those which were of a penal character. He thought the noble lord had better withdraw the bill, and introduce it in an amended form next session. Lord STRAT HE DEN said that, after the remarks which had been made by the noble lord the President of the Coun cil and other noble lords, and in the absence of any decided opposition to the second reading, he did not feel at liberty to withdraw the bill. In consenting to the second reading, their lordships would not be precluded from afterwards re ferring it to a select committee, or rejecting it altogether. He asked their lordships to read the bill a second time, without considering that any noble lord would thereby be committed to its provisions. Lord CHELMSFORD had hoped his noble friend would have given a pledge that he would alter the bill in commit tee as he had suggested ; but as he declined to do so he had no alternative but to move as an amendment that the bill be read a second time that day three months. Their lordships then divided. The numbers were : Content .. 10 Net content Majority against the second reading.. —26 The bill was therefore lost. NUISANCES REMOVAL AND DISEASES PRE- VENTION BILL. This bill was read a second time. OXFORD UNIVERSITY (No. 2) BILL. On the motion of the Earl of CARNARVON this bill was read a second time. The clauses wore agreed to, and the bill was ordered to be reported. The Registration of Births, &c. (Scotland) Bill went through committee. The Court of Queen's Bench Act Amendment Bill, and the Enclosure (No. 2) Bill, were read a third time and passed. The Isle of Man HarbOUT Billond the Dominic a Hur ricane Loan Bill, went through committee. Their lordships then adjourned. HOUSE OF COMMONS.—(YESTERDAY.) BUSINESS OF THE HOUSE. Mr. VANSITTART inquired whether, after the discus. 2.11.101 I 16 I 2.14.6 7.4.0 wins4 - .Je sions of the previous evening, the Secretary for India in tended to proceed with the two bills standing in his name among the notices of motion—the India (Civil Service) Bill and the India Judicature Bill ? Sir C. WOOD said that, considering the period of the session, be thought it would not be right to proceed. with those bills. Mr. DISRAELI said it would be convenient to know the precise time when the Government would propose the repeal of the Paper (Customs) Duty. Col. FRENCH wished to know when the Galway con tract would come on for discussion. Lord PALMEILSTON could not at present state when the paper duty would be taken. It would come on in due course, and due notice would be given with regard to the question about the Galway contract. (Laughter.) In reply to Mr. LIDDELL, Sir G. LEWIS said that it was his intention to proceed with the Ecclesiastical Commission Bill on Wednesday, and he hoped that in consequence of some amendments the ex pected opposition to certain clauses would not be mani fe,:ted. Mr. DISRAELI observed that the " due course" referred to by the noble lord would bring on the subject of the paper duty to-night, but he understood that it was not to be broughtcon to-night, and he therefore hoped the Govern ment would give notice when it would be taken. Lord PALMERSTON said that due notice would be given. Lord FERMOY said he had given notice of an impor tant motion on the Spirit Duty Bill, and he trusted that measures would not be brought on at a late hour. Lord PALMER&TON replied that it would not be taken at a late hour, and probably not at all to •night. Mr. H. SEYMOUR inquired whether it was intended to proceed with the Ecclesiastical Courts and Registries (Ire land) Bill ? If so, he hoped that an opportunity of fair dis cussion would be afforded either on the second reading or on the motion for going into committee on the bill. 11r. DEASY said his right hon. friend the Chief Secre tary for Ireland proposed to take the second reading to night, and probably there would be no objection to the second reading, as all the important points for discussion would arise in committee. Sir G. C. LEWIS—It is a Lords' bill, and there will be no difficulty in fixing a day which will admit of its full did- cussion. Mr. H. D. SEYMOUR—But will the Government do so ? (A laugh.) Sir G. C. LEWIS—Yea. THE NATIONAL FORTIFICATIONS. On the order of the day for going into committee on this subject, Mr. BRIGHT said he believed that the-resolution or re solutions which the noble lord was about to move had not been laid on the table, and he wished to ask whether the noble lord intended to make his statement and then place them on the table, or whether he would ask the house to agree to them ? Lord PALMERSTON—I shall ask the house to agree ;o them. Mr. BRIGHT said it would be rather absurd to say that he should move any amendment to resolutions which he had never seen, but it would be very unusual, and would be taking the house by surprise, to ask their assent to-night to resolutions which had not been previously before them. (Hear, hear.) After the noble lord's statement, therefore, he should propose that the chairman report progress, in order that the house might have a day or two in which to come to a conclusion. Surely, if notice was required in the case of the paper duties and a dozen other matters of in ferior importance, it was, in a matter of this kind, essenti ally necessary. (Hear ) Lord PALMERSTON—I think the hon. member and the house will find that the course I have pursued is no de parture from the usual practice. Perhaps the hon. member will suspend his decision until after I have made my state ment. (Hear.) The house then went into committee. Lord PALMERSTON—Sir, in proposing the resolution with which I shall conclude, I shall ark the house to take a brief retrospect. It is needless to say that the resolution has for its object to carry into effect to tho degree and in the manner which I shall state the recommendations of the commissioners whose report has been laid on the table or the house, with a view to secure by fortifications the dock yards, the ports of Dove: and Portland, and also to create some central point upon Cannock Chase to serve as a sub stitute for, and as an assistance to, Woolwich. The house will remember that after the conclusion of the great war which ended in 1815 this country had established a virtual supremacy on the ocean, and by geed fortune and the bra very and gallantry of her sailors had, daring the war, swept. from the seas all hostile fleets. As far as maritime power went we were then free from alarm of attacks from any quarter whatsoever. The nations of Europe, moreover, had been exhausting their resources, and had been greatly de pressed in mind and spirit by the events of the war. There was hardly a country from the Tagus to Moscow which had. not by turns bean submerged by the tide of war and con quest, excepting this fortunate country, and I believe I may add Sweden. It was natural that the people of Europe, hav ing been exhausted by that long-continued struggle, and. having in almost every country suffered miseries and cala mities which, let me say, fell more heavily upon the inhabi tants of the country which was the scene of those operations than upon the contending armies —(hear)—l say is was natural that nations in that temper of mind should fik their thoughts and desires upon a long continuance of peace. For many years after the conclusion of peace, therefore, those who were responsible for the • conduct of affairs in this country were content to rest upon the glories which we had. gained, upon the recollection of the strength which we had displayed and upon the victories we had achieved, and they thought it unnecessary to call upon the people of this country for any great exertions with a view to prospective dangers, which there was no reasonable ground for anticipating. The consequence was that for many years we acted as we had done during the war with respect to our dockyards and other vulnerable points, and as long as the movement of ships depended on the wind and on the chances of weather the calculation was a just one. We had then a very large fleet. No longer ago than 1848 I believe we had 84 sail of the line; and as long as naval warfare was carried on by means of sailing ships we were in a condition, by our supe rior skill and aptitude for the sea, to rest upon the strength which we then possessed afloat. The same difficulties which interposed in 1804-5 to prevent a large army drawn up on the opposite coast of the Channel from crossing over to this country continued to exist, and therefore successive Govern ments were justified in abstaining from any great effort for the purpose of artificial protection to our dockyards and other vulnerable points. But the introduction of steam con fessedly changed this state of things. Every man saw at once that the adoption of steam as a motive power afloat totally altered the character of naval warfare, and deprived us of much of the advantages of our insular position ; that opera tions which, if not impossible, were extremely difficult while . sailing vessels were alone employed, become comparatively easy the moment steam was introduced ; that in fact, as Sir It. Peel stated, steam had bridged the Channel, and, for the purposes of aggression, had almost made this country cease to be an island. These statements are better made only in general terms, and therefore I won't mention the degree to which the absence of artificial defences rendered us at parti cular and critical periods liable to very unpleasant attacks from an enemy. But in 1847, I think, in consequence of an. able memorandum drawn up by Sir J. Burgoyne, the Duke , of Wellington wrote that well-known letter in which he de scribed, with all the knowledge that belonged to a great cap tain, the evils which his experience led him to anticipate in the event of this country being the scene of war. He drew the attention of the country to the want of artificial defences, and implored those who were charged with the conduct of affairs to provide better for defence against possible attack. That appeal fell upon dead ears as far as the country was con cerned. (Hear.) Nations are slow to alter their percep tions. We were, indeed, in a position with regard to this country which may be expressed by the words stat magna nominis umbra. But the people of England could not be brought to realise that altered condition of things. Some thing, thoagh little, was indeed done in consequence of this appeal from one of the greatest masters of the art of war, ' the most learned and knowing in the science of attack and in the means of resisting it. The Government of Lord Derby came into power, and I must do the justice of saying that they took a great and important step towards placing this country in a position to defend itself by reorganising and re-establishing the militia. (Hear.) It is due to them, and more especially to the right hon. gentleman (Mr.Wal; pole) who was then Homo Secretary, and took great pat e n_ in arranging that force, to say that they did that for which time hih the country ought to be grateful. (Hear.) and since, when I was in office, I took steps ß upon some of arranging the artificial defences of thetmcoe country acted without general system. I found that one depar ewtfitrhetthe view independently, and. without the knowledge of another, each which were necessary. adopting those combined measures _Ordnance ! the F irst Lord. Commander -in-Chief for the time I therefore requested the Generei Co n m f the • being, the Master- Inspeetor-Oeneral of F ort ifications , • of the Admiralty, the and the Secretary for War to meet at my of lice, and we established then a system of mutual concert and co-opera tion which laid the foundation for very great improvement in our defences both at home and in some of our military stations abroad. Since that time this system has gone on, and it has p r ospered. At one time Portsmouth had no defence, save a saluting battery of comparatively small guns, while Plymouth was very imperfectly defended from the sea, and Sheerness had only one gun that was serviceable. I have heard, but do not know whether it is true or not, that soon after 1844 two French steamers came in for the ostensible purpose of coaling, and the commander having sent on shore to know whether a salute would be returned, they were in formed that, as there was only one gun that was se):viceable, they must excuse the lapse of some little interva 1 between each fire. (A laugh.) But while at the period have re ferred to those important establishments were ye ry imPe! - fectly and inadequately defended, since then cot isidorablt: progress has been made in all of them. I am bowed torsaray, and the honour of my right hon. friend the Secretary °l: m cells have the Commander-in-Chief, that those two publice e co-operated with the utmost cordiality, withoutn t he slightest official jealousy or the interference of any th-1 g like official la m etiquette, for the improvement of oury and the protec tion of the country in a manner which . . i lle a great gratitude of the nation; and ow in g to theil. E exert e right hon..-4,friend ap advance has lately been mad e• no Lot rst )10 age aer, ncy per to a, 10„r• rth ght anti en ; ay; nt ; ted no. ?.Id, for ied 12i 10 stock stock stnck 50 stock stock stock stock stock 25 stock stock stock 19.16.4 stock stock stock stock 10 stock stock stock stock stock stock 12 10 stock stock stock stock Sharel Sharc 1 3.14 stock stock stark stock stock stock stock stock 105& 94 i 561 1 95} 6 421 1 614 4 85 41 II