The Sun. — London, England, 1852-12-04 00:00:00

T HE TRUST' and LOAN COMPANY of UPPER CAN AI)A. NOTICE IS HEREBY GIYE,N. That an EXTRAORDINARY GENERAL MEETING of SHAREHOLDERS in this COMPANY WI I be held on the 15th December, at Two o'Clock P.M., at the Offices, 65. Moorgatc-street, for the purpose of declaring a Dividend on the Capital Stock of the Company. The Meeting will then be made special, for the purpose of taking into consideration the granting powers to the Directors to receive money on Loans, in accordance with the 41st clause of the Act of Incorporation of the Company. The transfer books will be closed from the Bth to the 16th De cember. By order, T. MACDONALD, Sec. DR. GLOVER'S DENIAL o f hi s CERTIFI CATE to Mr. ALLSOPP :—"I beg to say that I never gave Mr. Allsopp any certificate whatever." Dr. GLOVER'S LETTER wai published in extenso in the 20th number of THE MEDICAL CIRCULAR, accompanied by an editorial exposé of the gigantic Beer Puff of Messrs. Allsopp, Liebig, and Co. —Orders for the Medical Circular to be sent to the office, 4, Adam-street, Adelphi. The trade supplied by Gilbert and Co., Paternoster-row. 13 I NNEF ORD'S PURE FLUID MAGNESIA Has been for many years sanctioned by the most eminent o f the medical profession, as an excellent remedy for ACIDITIES, HEARTBURN, HEADACHE, GOUT, AND INDIGESTION. • As a Mild Aperient, it is admirably adapted for Delicate Females particulary during Pregnancy ; n and It prevents the food of infants from turning sour during digestion. Combined with the ACIDULATED LEMON SYRUP, it forms an Effervescing Aperient Draught, which Is highly agreeable and efficacious. Prepared by DINNEFORD and Co., Dispensing Chemists (and General Agents for the Improved Horse Hair Gloves and Belts), 172, New Bond-street, London. and sold by all respectable Chemists throughout the Empire. THEATRE ROYAL, HAYMARKET. Farewell Season or Mr. Benjamin Wester as Lessee and Manager THIS EVENING Will be performed the new Petite Comedy of A NOVEL EXPE DIENT, by Mr. Leigh Murray, Mr. Howe, and Mrs. Stirling. After which, the very popular and highly attractive Comedy of MASKS AND FACES; or, Before and Behind the Curtain. Triplet, Mr. Benjamin Webster ; Peg Woffington, Mrs. Stirling. To be followed by the Farce of A CAPITAL MATCH. To conclude with the Farce of SHOCKING EVENTS. ROYAL LYCEUM TIIEATRE. Under the Management of Madame Vestris. THIS EVENING, Will be performed TAKING BY STORM. After which, a new Farce, in two acts, entitled THOSE DEAR BLACKS. Characters by Messrs. Charles Mathews, Baker, Suter, Butler, and Miss Wyndham. To be followed by USED UP.' To conclude with A HOIISE OUT OF WINDOWS. Characters, y Paul Potter and Mr. Robert Roxby. Sole Agent for the Private Boxes, Mr. W. Allcroft,. 15, New Bond street. THEATRE ROYAL ADELPIII. Open for the Season. Proprietor, Mr. B. Webster. —Directress, 3ladame Celeste. THIS EVENING, Far the Sixth Time, an entirely new Drama, In three acts, called SLAVE LIFE ; or, Uncle Tom's Cabin—by Messrs. Alfred Wigan (his Fifth appearance), Emery, 0. Smith, Cullenford, Madame Ce leste, Miss Woolgar, Miss Laura Honey, and Mrs. Keeley. Alter which, the Extravaganza of MEPHISTOPHELES; or an Ambassador from Below. ROYAL PRINCESS'S THEATRE, OXFORD-STREET. Under the Managethent of Mr. C. Kean. THIS EVENING Will be performed Sbakspere's Comedy of TWELFTH NIGHT. Principal characters by Messrs. Bartley, Lacy, Stanley, Meadows, J. Vining, Ryder, Everett, Cathcart ; Misses Murray and Marshall, and Mrs. C. Kean. After which, THE ADOPTED CHILD. Principal characters by Messrs. Bartley, Graham, and Everett, Misses Terry, Vivash, Le clercq, Daly, and Mrs. Daly. To conclude with D MAP AS A POST, in which Mr. Wright will appear. ASTLEY'S ROYAL AMPHITHEATRE. Proprietor and Manager, Mr. W. Batty. Great and unprecedentel success of Uncle Tom's Cabin, which nightly increases in popularity and attraction. On MONDAY, December 6th, and daring the v eek, the per or mances will commence with the new and highly successful Eques trian Drama of UNCLE TOM'S CABIN, with ell its exciting aad interesting Equestrian and Dram it c eftws. To be followed by Batty's Equestrian and Gymnastic Scenes in the Arena. To conclude with the popular Farce of THE DEYIL TO PAY. Stage Manager, Mr. W. W est. Doors open at Halt-past Slx o'clock; Dos-ott:tx open daily from Eleven to Four. HIGH WATER AT LONDON BRIDGE. TIII3 DAY —Morning 36 min. after 6 I Evening 6 min.aft. 7 Tc - Moaaow—Morning 40 min. after 7 Evening 16 min.aft. 8 THE WEATHER.—SuN OFFICE, Dec. 4. THERMOMETER, IN THE SHADE. 49—highest since noon yesterday. 43—lowest this morning and during the night. 51—this day, at noon. BAROMETER, 29'98. WIND, S.W—Dull, rainy weather. THE WELLINGTON SUN. ON THURSD,V THE 18ra,AN EXTRAORDINARY EDITION OF THE SUN WAS PUBLISHED, CONTAINING A SPLENDID PORTRAIT CF THE LATE DUKE OF WELLINGTON , WITH HIS AtTCGRAFIL AND A FULL ACCOUNT method of manning the mercantile marine, the Right Hon. Gentleman referred in powerful and indignant terms to the evils resulting to the Royal Navy from the equally erroneous scheme of manning that service—pronouncing the latter, indeed, to be absolutely irrational. Next were considered the claims of the sugar produc ing interests. Sugar he pronounced to have been the battle-field of parties ; but he besought the House to enter upon the consideration of the present state of those interests with good temper and impartiality. Nevertheless, while feeling deeply the misfortunes which have befallen of late years the sugar-producing colonists, he waived the idea of introducing this clause of his Budget m the character . of a sentimentalist. Acknow ledging the suffering of the interests here referred to, he yet did not consider the com plaints borne out by statistics, so far as to con vince him that our colonists could not survive the existing system of competition. Particulars were then adduced from the returns of 1851, compared with those of 1852, showing that the imports of foreign sugar have decreased, while the im ports of British sugar have as wonderfully increased during the same interval. The Cabinet could not regard itself as called upon to yield, or even justified in yielding to the demand of our colonists, either that we should arrest the descent of the duties on foreign sugar, or reduce the duties upon British plantation sugar. Simply, therefore, the Ministry refuse distinctly to pro pose the return to differential duties—having before it the remarkable and incontestible proofs of the happy fruits of unrestricted competition. No wonder the cheers that rose from all parts of the House at this announcement were especially earnest among the Free Trade Members of her MAJESTY'S Opposition! Again, the CHANCELLOR of the Ex- CHEQUER declared that he could not possibly recom mend the increase of loans to the British sugar pro ducing colonists—because the loans already set apart for their advantage are at this moment actually in exhausted ! One boon, however, he would urge should be granted to the interests here referred to—that prayed for in reference to the re fining of British sugar in bonded refineries for consumption : a boon which, he reminded the House, might be safely and gracefully con ceded, because it is strictly in continuance or development of the system of unrestricted compe tition. Reference was now made by the Right Honourable Gentleman to the whole net-work of local taxation throughout the country. Upon the Highway Rate the Cabinet was, he announced, pre paring a measure which he felt sanguine would prove acceptable to the great majority of the Imperial Legislature. When alluding to the County Rate, Mr. DISRAELI in an impressive tone, which was warmly responded to by the applause of the House, stated that before long Par lia.nent would have seriously to take into account the whole of one of the most important ques tions of the day—the question of Punishment ! Altogether the County Rate, according to his explicit remark, was stated to amount to 800,0001., though in reality it only reached 600,0001. (the police being erroneously included in the tables of the results of the assessment) ; but this rate he would not conceive himself justified in recom mending to be materially or even moderately diminished. Immediately the greatest of all the local taxes, namely, the Poor Rate, was men tioned, a desultory kind of conversational tone was introduced into the financial statement by the cheers and counter cheers upon the allusions made to the decrease of late years in the extent of pauperism --the cheers of the Opposi tion being a sort of inarticulate panegyric on " recent legislation"--and the counter cheers from the Ministerial side of the house being a species of unsyllabled tribute to the " obsolete opinions" of Protection. Finally, however, under this head, the CHANCELLOR of the EXCHEQUER brought the ap plause of the House of Commons to something like unanimity by announcing that he would not pro pose any change whatever in the system of Local Taxation. Hereupon, the Right Hon. Gentleman altered his manner very perceptibly—having at last reached the core, the pith, the marrow of the present memorable Financial Statement. He de dared in the clearest language that the_ purpose of the Government, at this juncture, is to carry out to the fullest extent the now firmly established sys tem of unrestricted competition. Foremost among all the evidences of this intention on the part of the Cabinet, was the explanation thereupon made by Mr. DISRAELI, that the Ministry are definitively prepared to deal with the Malt -tax. The propo sition now submitted to the Legislature is this, that the duty upon malt should be considerably remitted—that, in fact, it should be reduced one half—while the drawback upon malt should in Scotland (as had formerly been done in Ire land) be altogether foregone. It had been asserted long ago that the abolition of the duties on corn would necessitate the remission of the duties upon barley. That remission had now become inevitable. It was undoubted, said the Right Hon. Gentleman, that an increase had been perceptible since the establishment of the system of unrestricted competition, the sum total being, in 1849, 38,935,000 bushels, in 1850, 40, 1 744,000, and in 1851, 40,337,000. Yet it would be but fair that Free Trade should be carried out to its fullest extent in this particular, and therefore it has now been proposed by the CHANCELLOR of the EXCHEQUER that the Malt-tax—now levied at the rate of 2s. 'rid. —should be reduced one half, namely, to Is. 3id., and that the new system should come into opera tion on the 10th of next October. The next subject treated of by the Right Hon. Gentleman was the question of the Tea Duties. The reduction of the malt-tax by one half, must of course, he in - sisted, benefit the consumer considerably ; by placing within his reach cheap beer, it would, by e n couraging the c u lti va ti on of barley, materially improve the condition of agriculturists. The reduction of the Tea Duties, he contended; must not less signally benefit the consumer and the importer. In his reference to this proposed diminution lie made facetious mention of the early praise of the china plant by PEPYS in his "Diary," and then specified that the imports of Tea in 1 851 reached 71,466,000 lbs.—the consumption being about 54,000,000 ; 'while the consumption of the current year would probably amount to full 57,000,000 lbs. At present the duties on Tea may be stated at 240 per cent, or 2s. 21d. per lb. These ( duties the Right Hon. Gentleman now proposed to reduce very considerably. He had previously remarked that it would be unwise to deal in a small manner with the Malt-tax. He subse quently suggested that the old war duty on Hops should be at once remitted, thereby reducing the actual duty one half. In a kindred spirit he now unfolded his plan in relation to the altera tion of the tax imposed upon Tea. Instead of maintaining those duties at 2s. 2d., he would suggest that they should be reduced during the next 6 years to is. —thus, in the first year by 4id. and in each of the five years afterwards by 2d., until it is reduced to ls. as proposed. It should be especially borne in mind, that this reduction to Is., applies to teas of all kinds, to teas , of all qualities, to black and green indiscriminately. Turning to generalities, the CHANCELLOR of the EXCHEQUER next spoke of the powers of the popu lar consumption upon which the revenues were mainly dependent. Those powers of consump tion he regarded as visibly on the increase. The rise in the rate of wages he considered to be advantageous to the country, instead of being, as was sometimes pretended, altogether disastrous. Recapitulating briefly the measures proposed to be carrietl out by her MAJESTY'S Go vernment, the Right Honourable Gentle man reminded the House that they suggested the remission of 2,500,0001. through the Malt Duties, of 900,000/. ' through the Tea Duties, of 300,0001. through the Hop Duties —altogether reducing the revenues of the country l 'Y a sum of between 3,000,000/. and 4,000,000/. B earing this in remembrance, we seemed to come tax tu railY enough to the consideration of the in i p ose ,-, ,- si. fro m year to year upon incomes the and pi orleL-t-. mi-- EXCHEQUER. - -Y &nat tax the CHANCELLOR of admit of any exemptilftsafned upon a former occasion in the }l ouse Commons,. ought not to Repeating this asser tion in his Bud et h© now yet more distinctly insiste be generalc; that the Property an d I ncome-tax should of this prin p Ithe de alopment of the " wise, - _ o a anti ;in ail in the enforcement just, and beneficial" measures known as th e measures es t a ll ishing the system of unr es t r i c t e d Tax to fund e d proper ties and salaries in Ireland. Turning in a kind the competition, Pro p er t he and n °ln' demanded th e ex t ens i on of Inc ' of episodical manner to the coinideration of the 240,0001, per annum, known as the Consoli dated Annuities, the Right Hon. Gentleman re marked that the Cabinet were not prepared to accede to the recommendations from the House of Lords' Committee, though they meditated bringing forward some Ministe rial suggestion at an early opportunity. Having explained this matter incidentally, he reverted to the subject of the Property and Income-tax—observing that besides extending it to the funded property and salaries in Ireland, Minister were preparing to recognise a difference between permanent or realised incomes and incomes simply p rec a r i ous . I n illustration of his meaning, and after distinctly announcing that there would not be a preponderating increase in any schedule, he explained that he would henceforth consider the exemption in industrial incomes to commence at 1001. per annumn, and the exemption in the incomes on property at 501. per annum. Schedule A and C continuing 7d., reducing Sche dules B, D, and E, to the rate of merely 5f d. Estimating the proceeds of the extension of the Property and Income Tax to Ireland at the " mo dest sum" of 60,0001., he considered that the sum total would be, under the new arrangement, somewhere about 5,421,000. Meanwhile he ref called to the recollection of the house that he had suggested measures which would reduce the revenues by an amount exceeding 3,500,000/. Added to this, came the increased expenditure consequent upon the development, or rather organisation, of the national defences. Remembering these facts, it became his duty as CHANCELLOR OF THE EYCHEQUER to allude now more parti cularly to the necessity for supplying deficiencies. Glancing cursorily over the tables of the financial year about to terminate, he remarked that it was no doubt true that there would be found on the sth of next April a probable dimi nution on the customs of about 100,0001., yet he, nevertheless, felt confident that the surplus would prove not 460,0001., as he had originally calculated, but actually a million beyond that, amounting, in fact, to nearly 1,400,0001. ! The Right Hon. Gentleman then stated his intention of suggesting a series of measures for increasing the revenues of the country by about 600,0001., through the medium of a supplementary estimate. Happily, he con sidered the state of the revenues to be " most favourable" as we ' have intimated by the hinted surplus of a million and a-half sterling. To gether with the prospect of this surplus, he gave an equally gratifying prospect of what he spoke of as "no inconsiderable reductions." In earnest of the good intentions of the Cabinet in this particular, he declared boldly and distinctly, and amidst loud applause from all parts of the House including the Opposition, their willingness to bring the whole revenue of the coun try under the control of Parliament. Hereupon, Mr. DISRAELI came to the crowning point of his difficult and memorable enterprise—the considera tion of Ways and Means. Among the latest of his announcements of Ministerial pro jects in the way of improvement, must not be forgotten, by the way, the prop osa l t o c l ose t h e Public Works Loan Commission. Having cleared the way before him, tne CHANCELLOR of the EXCHEQUER, we repeat, arrived at last at about a quarter past nine at the climax of his great financial statement. Amidst the breathless stillness of the house, he re marked that he was not going to propose an increase through the Customs, that he was not going to call for a greater pressure by the Excise, for a return to indirect taxation, or for the imposition of a New Tax. No—he was not about to demand a New Tax. or to revert to indirect taxation. There was a hush of eager curiosity. The secret was about to be re vealed. What has been looming upon the na tion in a remote perspective, ever since Fe bruary, was on the eve of appearing distinctly visible and audible in the popular branch of the Legislature. Her Majesty's Government then avowed through the lips of the CHANCELLOR of the EXCHEQUER their intention to propose to the Com mittee the consideration of the House Tax ! There is an existing tax—take into account its present arrangements ! That is the project. The Right Hon. Gentleman reminded the country that the duty on houses producing them 1,198,0001., was in 1834 repealed—that the duty on windows was afterwards abolished when amounting to 1 , 8 30,000/.—afterwards of 800,000/, on glass, of 465,0001. on bricks,'of 1,500,0001 on timber, and general though indirect taxation of 15,000,0001. Such have been the reductions by which recent legislation has established the system of un restricted competition. What the Cabinet suggested, therefore, now, was the develop ment of that System by extending the house tax—limiting its operation to every house of 10/.—increasing the rate to is. on shops, and to is. 6d. on private dwellings. According to his calculation, the result of the next year on this ' new arrangement will be an increase of receipts amounting to 2,500,0001., opposed to an incr ease o f 2,100,000/. i n expenditure. The Right Hon. Gentleman, after a masterly statement which had occupied' in the course of its delivery up to a quarter to ten o'clock p.m., resumed his seat amidst enthusiastic applause from the support ers of her MAJESTY'S Government. The Budget last night submitted for the consideration of the House of Commons and the country, affords a re markable contrast to the inane and contemptible pro ductions which the late CHANCELLOR of the EXCHEQUER was accustomed annually to bring forward. Although there are points both of omission and commission against which we feel it to be our duty earnestly to protest, although there are other matters in which the financial Minister has not made sufficient progress in the right direction, we freely admit that there was exhibited a bold and vigorous energy —an enlarged and comprehen sivee iiduringg ha v ts i H e tm w ooanh o n f iys fi cfp s uer c tue a uct l rie s eed u ruip b na j rguo e g c , t ; ,. :eeaus - - rdss. e xacffe T affording r d i d n i u g g l y auspicious creditable augu riesto h ac le i a b e fi financial nci al deplorably defi cient in these important particulars. The public had been wearied with the pompous platitudes the verbose inanities—with which Sir CHARLES WOOD had been accustomed to defend his perverse and obstinate refusal to abandon the beaten track, and the dull pomposity with which he neglected to avail himself of the golden opportunitiesafford e d by a handsome surplus. There was something cheering in the brilliant project last night brought forward. We cannot help admiring even the portions which we are compelled to censure. Major A----, in his advice to whist players—paraphrasing the well-known maxim of CATHERINE of Russia with respect to Generals—declared that "it was better to act on a bad principle than on no principle at all." Mr. DISRAELI. was in every respect guided by principle, and that in no way opposed to the free and unrestricted competition recognised by recent legislation, and had it not been for the serious mistake into which the Right Hon. Gentle man has fallen, with respect to the Inhabited House-tax, our duty, on the present occasion, would have b een i one of unmixed gratification. As it swe strongly con demn, and will most strenuously oppose, that formidable addition to a burden already sufficiently onerous. W e are aware that the great boons offered to the community require some addition to the old, or creation of ne w , sources of revenue. We fully recognise the pr o p r i ety, justice, and expediency of the determination on of not seek ing that augmentation through any indirect imposts ; but, at the same time, we must object to any addition of the direct burdens on one description of property to which others are not equally liable. It would h ave been far better, and far more productive to the Exche quer, havejkvtoaesiin aisncreiatasleed thedtlie charge on housesrateonSchedules to Aan4seC, and to of all other descriptions of accumulated and realised property, It is difficult within the limits assigned to a leading article, more particularly on an occasion when the eloquent address now under notice makes so consider able an inroad on our available space, to give more than a very cursory notice of the contemplated changes. We shall first look to the omissions in the scheme. The Right Hon. Gentleman . has totally overlooked the Taxes on Knowledge. He has not even alluded to the subject. No hope is held out of the abolition, or even the reduction, of the Advertisement Duty, which we should have been willing to accept as an instalment of justice, and which would have given a won derful stimulus to the trade and commerce of the country. -We venture to assert that a remission of that impolitic and inequitable impost would not have occasioned any loss to the Exchequer. The pitiful 150,0001. derived from the tax, would be more than compensated by the increased activity oc casioned through the new facilities for making known • the wants of the people, and bringing vendor and pur chaser into communication. It would have been a great boon to those able and willing to work, and desirous of making known their anxiety for employment. There are other matters, too, that ought not to have been passed OF THE GRAND NATIONAL FUNERAL, AND IS NOW ON SALE. ORDERS RECEIVED BY ALL NEWS AGENTS, AND AT THE SUN OFFICE, 112, STRAND, LONDON. , un, vitg LONDON, SATURDAY, DECEMBER 4, 1852. Curiosity has at length been satisfied as to the intentions of the DERBY-DISRAELI Government. There can no longer be any misapprehension in regard to the nature of the measures contem plated by the present Administration. They have now been formally submitted to the conside ration of the country by the Right Hon. the CHANCELLOR of the EXCHEQUER. It would not be extravagant to assert, that never was there a financial statement more eagerly looked forward to by the population of the United Kingdom, To it exclusively has been deferred every one of the more important official explanations. When ever Ministers have been puzzled by any impor tunate querist, the reply has invariably couched itself in a reference of the inquirer to the pro , . jetted Budget of 1852-1853—the Budget before the community,- through the masterly exposition of the state of affairs yielded by the leader of the , lower branch of the Legislature. Expectations in reference to this occurrence had been excited more or less throughout the nation ever since the advent of Vie Earl of DERBY and his sup porters to power during the course of last February. It was only natural, therefore, that an unusual degree of interest was excited on the appearance of Mr. DISRAELI last evening in the House of Commons, advancing from the entrance door, with the red box of office in his hand, and, we were rejoiced to observe, with an evidence of his health having undergone a manifest improve ment. It was yet more natural, that, imme diately on his rising, the attention of his auditors should `become noticeable in the breathless silence of the Representatives. The Right Honourable Gentleman prefaced his statement by reminding the House that his Budget was brought forward under very peculiar circumstances. He asserted, moreover, that he must claim from his hearers the reservation of their judgment until they had allowed him to lay before them the whole of the in tended policy of her MAJESTY'S Government. There would be enforced, he observed, through out his argmnent, the existence of an evil which demanded removal or amelioration. Inju -110174'. he contended, had been inflicted, especially inter t hz u Shippi ng i nterest, on the sugar-growing interest and on the i n t erests of the aoricul interests 1 15 The injuries i n fli c t e d on the shipping 4 affectiii, the arisen ou t of the recent legislation p thßeYsitem of n av i ga ti on. Of the com laints of relating t o sa l v „ ,sl 4Ping interest —such as th ose startling catal awed pilotage --he gave a ra th er all gile• These complaints being, ac cording to the view, of Ministers,o strictly founded on justice, would b e a + Logisieurce prop osed to be con- The . cost to the sidered by the of the projected ceita in the Light country Dues would be about 100,00 Ir u n p t o n r e p t e h a e l sum, however, rendered neee. s „ ry toerh e ann expened , in consequence of the oversight of this matter affectine• the shipping interest in the rece of the laws relating to navigation. subject of Pilotage, the Cabinet would co nceive it . advisable to recommend the scrutiny of the wh ole matter in a committee to be appointed by the L ower House of Parliament. As to ,the Admiralty Dues the Government would advise the conces --'- ---:-- Si°ll upon many points to the merchant service, wherein the members of that service have been grievously affected to its particular . detriment. The sal vage system is intended to cease at once, and it is considered advisable, moreover, that the anchorage system should henceforth be per manently terminated. Speaking of the existing " 17 14; SUN, LONDON SATURDAY EVENING, DECEMB_ER 4, 1852 r.L sub silentio. We, however, at present, merely refer to the Taxes on Knowledge, and more especially the adver tisement duties, as the most lamentable omission that indeed constitutes a "hiatus valde deflendus." The shipping interest will receive with thanks and gratitude the concessions made by the Right Hon. Gen tleman--concessions that should not be considered in the light of equivalents for what has been taken away by - the repeal of the Navigation Laws, b u t ra th er as the removal of unj us t and oppressive burdens which should never have been imposed. The British ship owner appears to have been looked on as an animal to be fleeced. He had to pay for lights which his vessels could not see, harbours i n t o w hi ch they did not enter, and pilots of whose services they did not avail them selves—they were bound to surrender their best hands and the anchorage of which they were in actual possession to any vessel of the Royal Navy that might come in the way, no matter how great the inconvenience and loss thereby entailed on the owners. These grievances were acutely felt by the Shipping interest, and we are sure that no unprejudiced or disinterested person will consider that their abolition is too dearly purchased, and we have no doubt that. the spirit in which the CHANCELLOR of the EXCHEQUER entered on the question will elicit universal commendation. He has likewise acted fairly towards the West India Colonies. The demand for differential duties is totally in consistent with the " unrestricted competition" to which the House is now distinctly and unequivocally pledged. But the privilege of refining in bond, is in no degree opposed to that salutary privilege. It will afford a great relief to the Colonistsovithout in any degree infringing on the invaluable rule henceforth to be regarded. As to the Agricultural interest the matters chiefly re ferred to are highway -rates, county-rates, and poor rates. On the former subject a new Bill will be brought forward, which, it is to be hoped, will be more beneficial both in a financial and administrative point of view than the six abor tive attempts at legislation by which it has been pre ceded. In that also, as in the county-rates, the Right Honourable Gentleman appears disposed to permit an ex tension of the representative system, a matter which we have no doubt will be cordially appreciated by the rate payers. Although not prepared to recommend any change in that or the poor-rate at present, we can easily perceive " looming in the future," an important alteration, which will, and as we have considered most justly, transfer a considerable portion of their local charges to the Consolidated Fnnd. The poverty of a nation is justly and properly a charge on its prosperity, but there is no reason why it should be restricted to real property, or, why the owner of 100,0001. in the Three per Cents. should not contribute as much as the proprietor of an estate returning 3,000/. per annum. The reform—for it would be a great and most valuable reform— would equalise the buidens throughout the en tire kingdom, relieving those requiring assistance, and transferring th e we i g h t to those who both could and ought to pay—would also abolish the expensive and worse than useless litigation occasioned by the law of settlement, and the system of passing the shuttlecock paupers from parish to parish and from union to union. The reduction of the Malt-tax to one-half its present amount, and the gradual diminution of the Tea Duties to one shilling per pound, will be received with unmitigated satisfaction. We have no doubt that the entire of the Malt -tax will ultimately be abolished ; for it musVbe re membered, that the odious excise surveillance must still be continued for one-half as well as the whole, and that while any charge is retained the poor man will be unable to make his own malt, and brew his own beer, and the virtual monopoly of the ale-kings and porter-potentates must continue in full force. The reduction in Tea is, perhaps, too gradual. We have no doubt that the plan propounded by JOHN MACGREGOR, the able, consistent, and enlightened repre sentative for Glasgow, of an immediate change to is. 9d., with an annual diminution of 3d. per pound, would have given more general satisfaction. With respect to the Income-tax, the subject is too important to enter on it at present. We have neither time nor space to bestow the consideration it so emi nently merits. We rejoice, however, to find that the distinction between fixed and permanent, and fluctuating and precarious revenue —or, in other words, - between in come and property, is recognised. For that and the exten sion of the charge to Ireland we are truly grateful. But for the dreadful blunder respecting the House-tax—the set ting of town against country—as it was justly termed by Mr. HumE, we should hail the Budget with unmitigated satisfaction. But even with all its faults, it is far better than any ,that was ever offered by the Whigs. The good points are brought out in the strongest point of view, while the omissions and errors are excused with consum mate skill. Mr. DISRAELI has by it achieved a position as a financier unsurpassed by any of his predecessors sinc3 the time of WILLIAM PITT. Sir CHARLES WOOD was the cause of a great proportion of the odium that fell upon the RUSSELL Administration. The genius of Mr. DISRAELI, on the other hand, may possibly save his colleagues,, and enable them to retain office for a considerable time—far beyond that of which they could have had any reasonable expectation. He is indeed, the Atlas on whose shoulders the burden mainly rests. SPIRIT OF THE PUBLIC JOURNALS. --~ (From the Morning Herald.) The speech of Mr. Disraeli, last evening, was truly an ex traordinary effort. For more than five hours did he rivet the attention of a most crowded house, and completed one of the most comprehensive expositions of finance that Parliament has ever heard; and, what is more, he left on the minds of most of his hearers the impression of complete success--the conviction this scheme, taken as a whole, showed such proofs of skill as to make its entire realisation a matter of great probability. Mr. Disraeli commenced by taking a careful review of the three great interests --shipping, West Indian, and agricultu ral—which felt themselves deeply injured by recent legisla tion and looked to hi m f or redress. He examined the case of the shipping interests at some length, but was only able to offer them relief from some light house duties, to the extent of 100,000/. per annum. The West Indian grievances were next investigated; but the principal boon that Mr. Disraeli could afford to them was a permission to refine sugar in bond--an advantage long sought and highly valued. Next came the case of the agriculturists, and their peculiar bur dens. The highway, county, and poor rates were re viewed ; but the Ministers could not resolve upon touching either of them. Up to this point the effect of the speech was rather dis appointing. But, to do justice to the speaker, it was neces- Si sary to bear in mind, that he was addressing a free-trade House of Commons, and that he had pledged himself to fall in with the new system. Hence, to have proposed " Protec tionist measures," would have looked like a breach of faith, and would probably have been treated as such by Parliament. His object, therefore, was, to do as much good as possible ; but in such a way as to compel the Free traders to fall in with his proposels. We now come to the main features of the Budget. These were : 1. A remission of one-half of the malt-tax, and of the war duty on hops. H ere i s a su b stantial gain for the agrculturists 3 of nearly three millions per annum. 2. A reduction of the duty on tea, from 2s. 4id. to ls. per 7 lb. This is t o t a k e place gradually, in the c ourse of the next six years. Were the tax to be lowered to this great extent at once, the great increase of the demand would ensure a sud den rise of price, and thus defraud the consumer of the 10' benefit. 3. An alter a ti on o f the income tax in the f o ll ow i ng 20 ner : man- Incomes from trades and professions to pay only three fourths, or 54d. per 205., instead of 7d. 2. The tax to descend as low as 1001. from industrial in comes, and 501. from realised property. 4. These alterations, with an increase in the navy estimates, would create a deficiency of 2,500,000 i. Against this Mr. Disraeli had to set a surplus income of 1 ,700,0001. and 400,0001. of expected repayments—together 2 , 1 00,0001. He required therefore some further " ways and means." " And now," said he, turning to the free trade members, " I mean to test you. You are in favour of direct taxation. You dislike taxes on articles of consumption, and must therefore 1 . approve of the reductions of the malt duty, duty on tea, and on hops. Now, will you enable me to carry out E these, reductions by supporting the only increase of taxation which I have to propose. The house tax is admitted to be, in principle, a goo d t ax. B ut i t includes only houses of 201. 1 and upwards, and it is only 6d. in the pound on shops, and s 9d. on private houses. I propose to include all houses of 101. 2 and upwards, and t o ma k e it I s. on shops, and ls. 6d on private houses." This last point, the i ncrease of a tax, is, of course, the 2121 difficulty of the sch eme, an d it is here only that any serious 1! opposition need be apprehended But the consummate skill with which the pl an i s f ramed is seen in this—that every class si of persons must gain by the Budget ; and that the remissions annot take place, except 'the increase of th e house tax is Sis 5( conceded. Let it be supposed, that a knot of householders get to gether,tax to oppose th is St is di sagreeable doubli ng of their house . But the followg considerations must s ure l St y occur t o them : 50 1. Any of them who pay income tax on their trades or professions will obtain a reduction of one-fourth of that tax. 12 2. All of them will benefit by the reduction of the duties on malt, hops, and tea. Thus it is clear th a t on a balance they must be gainers ; 12, ' but if they oppose one part of the Chancellor of the Ex. 25 chequer's plan, they oppose the whole; for the scheme must pass in its integrity, or not at all. In like manner a man with a small salary, or with a poor 6 1 501. a year in th e f un d s, may be disconteutec at the thought 1] of being subje c t e d t o th e locome-tax, or the holder of a 101. 12 house may compl a i n o f h aving a house tax imposed on him. 12,i But let either of th ese cooly reflect whether the mulct of 15s St. or 30s per ann um w ill not be much more than made up to St. them by a reducti on o f b eer to 2d per pot, and of tea to 2s 6d per lb ? We cannot help, therefore, predicting the full 161 success of this B u d ge t. I t ought to succeed, as we have just 20 said, because it i s a B udget by which ovary man must 5 gain more than h e l oses. We may also say, in a lower sense, that it ou g ht t o succeed, because never has there en 2 in our days a financial schame produced bearing such evident marks of skill, f orethought, and entire fairnass, as that St. which was last night offered to the House of Commons. st . : As a piece o f s t a t esmanship, the plan of last night, and the speech in which it was conveyed, would bear comparison —we might say, wo u ld s hi ne by comparison with th e b est efforts 15 8 of Sir Robert Peel. we are compelled by the length to which our report 10 of the financial statement in the House of Commons extends, 25 to postpone until Monday several matters of interest. 10 0 LORD FRANKPORT.—Yesterday Lord Frankfort was L" convicted in th e C ourt of Queen's Bench, of having published a defamatory libel with int en t t o defame Lord Henry Lennox, St. and sentenced t o t welve months imprisonment in the Middle- i „, sex Hou se o f C orrection. 20 THE EGYPTIAN STEAM FRIGATE TAID GIHADD leaves Southampton to-day for Alexandria. She will convey out aew passengers connected with the Oriental Company and Sis Alexandria, by especial favour. She conveys out to the t Paella four English mastiffs of immense size and strength. 1 Crowds of persons have visited this magnificent frigate during 2 her stay in Southampton docks. SINGULAR AND FATAL CAB ACClDENT.—Yesterday morning a remarkable accident caused the death of Mr. George Leadbitter, formerly a detective officer attached to BolVistreet Police-office. As M r . L ea dbi tter was proceeding' lioMe in a 40 ~„„ cab, and had arr i ve d at the junction of Lower Grosvenor- '' place with the Vi c t or i a - road, he thrust his head out of the 100 window to speak to the driver, just as the vehicle wag on the 100 turn, and the weight of his body coinciding with the centri fugal tendency communicated to the cab in the act of winding ••• round the corner, threw the body of the vehicle off the wheels, and it fell on the unfortunate gentleman. He was at 20 once removedan to St. George's Hospital, but was found to be quite dead, d there is every reason to believe that he was killed on the spot. 50 50 FRENCH INGENUITY IN ART.- , ---We had y es t er d ay the 100100 opportunity of inspecting, w ith some minuteness, the produc- tions in art-manufactu re w hi c h have been fabricated in Paris 20 for the house of Howell, James, and Co. These articles mani- 25 that happy tact of knowing how to make the most of a new idea, and the equally val ua bl e f aculty of knowing when and 25 1 where to leave off, for which th e cont i nental art-workmen are 1000 so distinguished. The pr o d uc ti ons of this class are almost countless, and bear proof that at the present moment the em- 5 ployment of the hands and the minds of the Paris artizans is uninterrupted. It is further obvious that the possessors of 25 this industrial faculty have had in view the kindly influences of Christmas and the New Year— many of these exquisite re sults of refinement being clearly intended as souvenirs of the 40 ennobling sympathies of affactien awiloye.—aarninglivrald. ( From the Times.) In the statement made last night by the Chancellor of the Exchequer, there is one point at least which will give general satisfaction, for if the prop os iti on pass into law, it will be the fulfilment—th e tardy fulfilment—of a great act of public justice. Mr. Disraeli has at length recogni?ed the principle that a distinction exists for fiscal purposes between income derived from transitory sources, and income which issues from realized property. The difference thrqughout has been as clear to the eye of common sense as the difference between capital and interest, or between property and income. The present rate of payment is to be retained for all kinds of fixed property, but on transitory incomes it is to be reduced one fourth. This we conceive to be the true principle—it is the one we have always advocated from the very morrow of the day on which the tax was reimposed by Sir Robert Peel. We next come to the chapter of exemptions. Hitherto, there have been two principal cases of exemption—namely, Ireland, and all incomes under 1501. First, with regard to Ireland,—why should Ireland be ex empted from the payment of this impost ? Sir R. Peel saw difficulties in the way of collecting an Irish income-tax, and imposed instead an additional spirit duty and an increased duty on stamps. The former he was soon compelled to re move as affording encouragement to smuggling, the latter has produced from all Ireland, in lieu of her proper contribution to the Imperial burdens, the magnificent sum of 16,0001. The calamities which have befallen Ireland have also prevented the redress of this glaring disproportion ; but great as they have been, Ireland is now rapidly righting herself, and instead of complaining that a por tion of her property is now to be subjected to its fair share of taxation, we trust that the house and the country will assist on abolishing the exemptions which Mr. Disraeli is still inclined to make in favour of her landlords. According to his proposal, the land of Ireland is to remain exempt for the present, but Irish funded property and Irish salaries are no longer to maintain their unjustly favoured position. We now come to the second class of exemptions. Why should incomes less in amount than 1501. per annum be spared, when all classes of the community are compelled to contribute indiscriminately by indirect taxation ? According to Mr. Disraeli's new modification, the tax will strike incomes derived from permanent sources as low as 501. per annum ; in other cases it will only affect incomes of 1001. per annum and upwards. The intention is still to exempt those who live by' weekly wages , at the same ti me th a t the small landowner and fundholder will be compelled to pay their share. This is fair enough, for there really was no reason in justice or common sense why owners of small properties should not be compelled to pay upon their realised properties as well as upon their tea and sugar. The case of the hired servant stands upon different grounds. It should be added, moreover, that at a certain point the cost of col lection would overtake the produce of the tax. There can be no reason, except such as those we have just stated, for the exemption of any great class of the com munity from a scheme of direct taxation. There is, however, one very speci a l case. The clergy have hitherto been placed for income-tax purposes in the same schedule as landowners, although it is obvious they only have a life-interest in the income derived from their livings. Mr. Disraeli, considering this fact, and at the same time the very moderate pittance upon which "the great bulk of the clergy subsist, has removed them to the more favoured class in his new scheme—that is to say, they will only be • taxed at the rate of sid., in place of 7d. in the pound as now. The species of property is no doubt of an abnormal character, 1 and the new arrangement may pass unchallenged on special grounds. Such are the leading features of the new income tax arrangement ; and, although we think that in fairness a greater difference should have been established between the rates of taxation, still we give Mr. Disraeli credit for the recognition of a sound principle, which, once introduced, will render subsequent modifications easy. For many years the 5 red-tapists have denied either the justice of the distinction, or the possibility of carrying it out in practice, if the prin- 1 ciple had been all owe d. T he Chancellor of the Exchequer 1 has admitted its justice, and is at least about to test the possibility of carrying it out. He deserves all com mendation for the course he has pursued, and we may con- 2( gratulate him upon it the more heartily that we have been 2( long struggling to obtain the result—struggling as men will 1( struggle when they know that the truth of the principle they St advocate will one day or another be acknowledged. The thought strikes one over and over again, how easy it would St have been for the Whigs to do all this, and to have gained a St , better hold on the respect and affection of the country. But St, no, the self-satisfaction of a coterie was too strong for the St. suggestions of sound policy or the dictates of justice. TEE SEAR BRITISH ;hr.' Paidj ;t. 1100 To 1 81 .4 I all U I 28 '7if all 22 184 ;t. 100 3t. 100 50 all i 0 all it) 45 15 all .5 all 5 all [8 all !O all 5 all Z 6 '.5 all it. 100 .0 all it. 100 it. 100 it. 100 it. 100 it. 100 it. 100 0 all St. 'lOO 12 1 11 ;t. 100 i 0 474 5 173 )0 all it. 100 5 14 ►0 'n :0 all RAILWAYS. PREFERENI 100 Aberdeen all Do., No. 2, 100 Bristol & Exeter 4p. cent. Stock ..... 5 Do. 4p. c. Shares ... 100 Caledonian £lO ...... all Chester & Holyhead Guar. 5i per cent.. 2,1 Cork&Bandon 5i p.c all Dundee PerthdrAbe r ( teen Junction ...... I all EastA nglian (43 10s; 6 per cent ....... all Do. (£5) 7 per cent.. 2 Do. (£7l7s) 7p. ct.. all Eastern Counties Ex tension, 5 p. c. No.l all Do., No. 2.. ..... all Do., New 6p. c. Si.. all Eastern Union, Scrip Guar. 6 per cent.... all Do., £lO Deben. Sh. 100 EastLancash. 6 p.cts. all East&WestYorkshire Junction, Fifths..... all Edinb.Prth.drDundee 100 Glasgow &S. Western guar. 5 per cent.... 100 Great Northn. 5 P.C. 100 Do. sp. c., Redeem., at 10 p. c. prem all Gt. Southn. dzWestn. (Ireland) Eighths.. 6 Gt. Westn. (Berks Hants Ex. 5 p. c.).. 100 Great Western, fixed 4a per cent . . 6 Lancash. & Yorksh., F. £20..... .. . . .. . .00 Do., 6p. c., Stock... 13 Leeds Northern, 6p. cent., No. 1 ......... 17 Do., No. 2 5 Do., No. 3............. ..... 9 Do. , Quarters, 1848. 1100 London and Brighton Guaranteed 5 p. c.. 100 Do. Pref., sp. c. St. all Do. Convertible, sp. c., 1852 100 Do. New Guar. 6 p.c. 100 Lon. &N. West. Coy. & Nun., 5 p. c. Stock 5 London &S. Western, Con. Thirds . 10 Londonderry& Cofer. a Shares .. . all Lond n d ry. dr Ennisk. aShares. .. ... .. . all Mau c h. ,Sh cf., 4 Shares, No. 1...... all Do. New . , £10......... 3 Do., £6 all Marypt.&Carl. 4p. c. all Do. 41 per cent....... 83 Do ... . ..... ... . .00 Mid. Consol. 6p. c. Si. 00 Do. Consol. Bristol di Birm. 6 per cent.... 5 Do. Pref. 4 per cent. all Norfolk Extension._ all Do. Guar. 5,3 per ct.. all Do. Waveney Valley 5 per cent ._ .... 100 North British .... all North Staffordshire .00 Oxford Worcester dr. Wolverh. £15,6p. c 6 Do all Shrewsbury & Birm New Guaranteed all Shrewsby. & Chester (Nor. W. Min),B P.C. 10 Do. 5 per cent...... all South Devon.,.,, 14 Do. New ........... all S. Eastern (Reading Ann.,) of 21 0.3.6 d. 100 Do. 4i per cent., ..... all S.York s h . 4p.c.duar. all Stock.& Ilartl. Guar. sp. c.till 1 Ju1y,1856 3 Waterfd. & Kilk. 6p. c. 100 York Newcastle and Berviick, 4 p.c.Pref. 5 De... .......... 10 York& i ; l : 3iihland H. & S. Purch.. all Australasia ........ all British N. American, 25 C010nia1,,,,, 20 Commercial of Lon ' 114 - 17i - 17 par ••• .- . 4 English Scottish and Australian ............ 2i Lond. Chart. Bk. o Australia . .. 20 London and County 10 London Joint Stock 20 Lond. & Westminster 35 National Prov. of Eng. 10 Do. New 221 National of Ireland all Oriental Bank of Corporation 5 Do. Now 25 Provincial of Ireland all Do. New 1 Royal Austinlu.Bkg & Gold Importing Company all Union of Australia 2: Do. New 10 Union of L0nd0n...., all Union of Matfrid..„. , . ---. ... • - , ••••••• 0 • • Aberdeen .. ..... Ambg. Noting. Bost. & Eastn. June..... Birmng. Wol ver h. dr Stour Valley... Birkenhd. Laucsh. & Cheshire Junct Do. Chesh. & Birk , £5O & £25 Cons Do., £2O .... Bristol &ixeler Caledonian... . . .. Chester & Holyhead Cork and Bandon Dublin&BelfastJunc Dundee Perth &A. ber deen Junction Do. New East Anglian (£25 L. & E. & L. & D.),.,,, Do., (£lB E. & H.) Eastern Counties..... Eastern Union, Class A. late E. U. 5h.... Do., d 0........ ...... Do., B. & C....... East Lancashire East & West Ind. Dk & Binning. June Edinburgh & Glasgow Edinb.Prth.&Dundee Glasgow & S. Western Great Northern Stk Do., A. Stock Do., B. Stock Great Southern and Western (Ireland) Great Western Irish South-Easters Lancaster & Carlisle.. Do., Thirds Lancash. &Yorkshire Do., Fifths Do., Wet. Riding Un Leeds Northern Liy. Crsby. & Southpt. London & Blackwell Lond. Tilb. & Stheud. Lend. Bright. & S. Cst. London &/sT. Western Do. Fifths .. . ... London & S. Western Do., £5O Do. £4O-• •• • ••• Ludndrry. &Coleraine Ludndrry. & Ennisk. Manch.SheL&Lincln. Do., Man. dz Lin. Un Midland Do. Birming. & Derby Midland G. West. (Ir.) Do. Shares . . Newcastle &Carlisle Newmarket Newpt.Aberg.dzlnfd Newry & Enniskillex Newry Warrenpoint & Rostrevoe ~ 100 N0rf01k................ .5 all Do., New 31 Northn. Counties Un it. 100 North British .6 13 North Devon, No.l .6 q Do., No. 2 8 all Do., A Deferred 8 5 Do., B Guaranteed 171 North Staffordshire ) all North Western.. 8:3 N. & S.Westrn. June. . 100 Oxford Worcester & Wolverhampton..... 100 Scottish Central ...... 100 Scottish Midland 100 Shrewsbury & Birmg 100 Do., L. & N. Westu Guaranteed Stock 8 Shrewsby. & Herefd all Shrewsby. & Chester (Nor. W. Min.) all Do. Halves, do. 20 Do. Oswestry ...... 6:3 Shropshire Union .. . ... Do., A.B.C.drD.fuliy paid up at p. c...... all South Dev0n....... 100 South Ea5t ern. ......,. all South Wa1e5.......... 15 S. Yorksh. River. Dun 5 D 0....... .. . . —.. 16/ Stockton .. 19 Thames Haven Dock and Rai1way......... 17 Vale of Neath ........ . all Waterfd. dr Kilkenny all Waterford&Limerick 13 West Cornwall...., all West L0nd0n....... 1 Woodford .. . . .... 100 York Newell. &Berw. 20 Do. Extensions._ .... 10 Do. G.N.E. Purchase 100 York &N. Midland.. 32 - 80 - 47 - 52 - 3i - 3 - 81 - 50 - 6i - 3 - 68 - 21- _ 54 94 66 .67 24 80 40; 14' 121 9 27 9 75 - 21 -- 61 - 4 p 1 1 - P il i P 151 34 - , 26, 19 -- 20 - iPmj .02 -104 t --ipl JOINT-STOCK BANKS , • ^ .. ••• ---• . ••• ••••-• .. •• -- .• ---- MONEY AND COMMERCIAL NEWS. Yesterday afternoon Bills of Exchange were nego tiated at lower rates upon the principal Continental cities. Paris, 90 days, was taken at 25 : 374 to 40 ; Amsterdam, 11 :18 to 181 ' Hamburgh, 13 :6 to 4 ; Frankfort, 1191- to 120 ; an d Trieste, 11 : 39 to 42. The amount of gold exported from London direct, during the week to Thursday last, was 6,780 ounces, all to Belgium and liambro, and of silver coin 3,700 ounces to Boulogne. The Budget excites much discussion in the City, bui upon the whole is well received. The English Stock Market has been very firm, and there is rather more doing. Consols have brought 1011 to 1 for transfer and account, and are now 1011 to 1. Bank Stock is firm at 222, and India Stock at 277. South Sea Stock is worth 1111. East India Bonds have been 80s. to 83s. premium. 'The New 31 per Cents, re 1031 to Foreign Stocks have been without material change. Spanish 3 per Cents. have been marked 511 to 1. The Deferred are 248 to 1. Mexican bring 241 to 25, and Grenada Deferred 128 to 131. Peruvian Deferred have improved to 65 and 651. Portugese 4 per Cents. have been marked 381 The Swedish Loan is at 11 t o 11 discount, and the iurkish at 11 1 premium. Dutch 4 per Cents, are 98/. Railway Shares have improved 1 to 1 per Cent. The French lines are very dull. Gold Mines are cheaper, and with less doing. BRIT'S 11 FUNDS AT ONE O'CLOCK THIS DAY, (From the Official List.) ....... ...... 101 s Juno. Business done, Bank Stock . . 222 101 01 gi 3 3 per Cent. .................... 3 per Cent. Consols Annuities 103 i New 3i per Cent. Annuities...—••••• ••• India Stock ....... 83 India Bonds, 21000 faorStoAeckcount..... • 80 3 Ditto, under Ric% 1111 cSoountsholsSe March. Exchequer Bills 1/d. • ..• £lOOO. ........................ 69 PRICE OF FOREIGN FUNDS AT ONE O'CLOCK. Brazilian Bonds, 5 per Cent. Ditto Small Ditto 4i per Cent Grenada Bonds, 1 per Cent. Ditto New Deferred, 3 per Cent Peruvian Deferred 3 per Cent Portuguese 4 per Cent. Spanish Bonds, 3 per Cent Swedish Loan . Turkish Loan, 6 per Cent., 1852 Dutch Exchange 2i per Cent Ditto for the Account Ditto 4 per Cent. Certificates 102 97S 8 12 1 6.5 9 38i 51 g d 1 3 d P ....................TWO 1 0 0 ' l et OCK. Consols .. ........... Ditto January A ccoun t , „, „ 101* CITY, Two O'CLOCK. The sales of cotton at Liverpool yesterday were esti mated at 6,000 bales, of which 1,000 were taken for ex port and on speculation. The market was steady, but tame. Railway shares were dull, and prices were lower The following accoitnt of the wine-trade is furnished by Messrs. Walter Howell and Hall : " In the market there are no foreign wines to be pur chased under from 221. to 23/., and these are very young. The important alteration by the Portuguese Government in the classification of wines for export and in the export duties are thus clearly and ably communicated to us by our esteemed correspondent, and which we have the plea sure to hand you for your information : " By a Royal Decree, promulgated on the 11th October, 1852, the laws which hitherto regulated the classification of these Wines, and which, in their unjust and prohibitive operation, were the ca use o f so much dissatisfaction, have been most wisely repealed. Some restrictions, deemed necess a ry in the present state of things, still remain, but it is to be hoped that the noble example set by England, in its adoption and encouragement of the principles of Free Trade, will, as those principles become more developed, be speedily followed by every other nation. " The Government, therefore, keeping in view the fact, that, owing to the high duties on wines in England, the consumption is limited, chiefly to - the higher classes, to whom quality, rather than price, is the desideratum ; and being desirous to preserve in the shipment of our wines that fine quality and high character which they have ac quired, and for centuries maintained in almost every part of the world, more especially in England ; provision has been made for the appointment of a commission, consisting of two wine merchants and two wine-growers, who are to be elected by th e b o di es w h ose i n t erests they respectively represent, and presided over by the director of the Custom House of Oporto. " The functions of this commission will consist in regu lating all matters appertaining to the agriculture and com merce of the wines of the Alto Douro, and in selecting from the best wines produced within the ' district' (con taining the finest vineyards of the Alto Douro) the quantity necessary for exportation to all parts of the world. The export duty is also equalised ; and wines henceforward to be extent of 21. 14s. p er p i pe, su bj ec t , b y anot h er decree of the tshheippseadmteo Eu ro pe will be relieved of that impost t o th e to a tax of 500 reis, of 2 s . 3d . sterling per pipe, t o b e levied on all wines en tering Oporto and Villa Nova ; and with a view of procuring the consumption of the inferior wines, the proceeds of this latter tax, guaranteed by Government not to amount to less than 6,6501., are to be granted in the shape of a bounty to any company or individual who shall undertake to ship not less than 1,000 pipes of brandy, made of the wines of the Alto Douro. Should such ship ment not be undertaken by a company or by an individual, the fund to be distributed as follows :-4/. 10s. per-pipe of Portuguese any t obeapplied spirit, 61- 10 s. per p i pe o f b ran d y , f or every pipe of such spirit that shall be shipped to foreign coun tries, or to Portuguese p ossess i ons ; an d th e rema i n d er, if wine," to the re p a i r o f roa d s for th e t rans it of SHARES. 1107 ..- 109 104 - 106 19 i d 31 = --2 p 18 - 1 p 14 t 15 17 4 -• 17 ~ '~ ~3, di 7: 129 . 12 - 114 9 - - 1 p . 00 h 110 par p 152 155 -. ... - ... - ... MARKETS. ,AILWAYS. Closing Prices! Bas'nel Yesterday. this 32i - 33i1 33i 61 - 6f 661 s lot 6 i - 64 di 21 -- 22 3 —2i d • [O9 -- 111 101 661 -67 i 68 241 -- 25 241 18i -- 191 2 -- 1 d 431 9 - 10 6 - 631 6 ,4241 13 - 13,11 13, 10 - 10,, ... 7 - 78 • 7i 7. 79 57 - 59 n 79 81 81 29 31 31 6 0 62 84— 86 85 47 49 122 --:12 - 5 1123 107 -- 108 96i -- 97 7 -7, 87 -89 p 114 i --124 87 ,-- 874 87i 8 31= 3 d 114 24-- 2d 18f -- 181 19i4 . --9 9i 14 08 -- 109 28 -128 k 1294 81 41 -4/ p n. 14 -- 2 - p . 8- 2 05 - i 95i 5 di 2 d 13 216 324 32 3 d 80A 81 80 1 49- 42 42i 1 d 2 I 301 1.3 55 •54i 4 98 96 5 68 69h 8 69 67 iql 10 2 dl 3 1 11 4°' 2 134 13 . 10 9 28 10i 76 761 g 6d 2'd 62 63 23 MI all Agua Fria ali Anglo Californian 2 Australasian 5 Australian all Australian Cordillera all Australian Freehold all Ave Maria all Baden (Gd. Duchy of) all British Austrin. Gold 13.5 British Iron 24 Brazilianlmp. (issued at £5 pm all Do. Cocaes & Cuiada 15 Do. St. John Del Rey all Carsons's Creek all Cobro Copper 1 Colonial Gold - 14 Copiapo all English and Austin all Copper Smeltg. Co General.. all Golden Mountain all Great Polgooth . all Lake Bathurst all Liberty all Loud. &Californ. Gold Quartz Crush. Co all Mariquita 0 Mexican&S.Americn all New Granada all Nouveau Monde all Port Philip all Quartz Rock all Rhymme Iron 10:1 Santiago de Cuba all South Australian 7 Tin Croft .... ........... United Mexican West Mariposa tll Yuba i - i - 7/ I THE FRENCH E • The Emperor reached the palace of the l i to tov , quarter past one o'clock on Thursday, no t ids f he 114' 0 , acclamations. Besides the members ofit` family, the Emir Abd-el-Kader occupied ° l ll eas - ecL i " . J dews, and testified by his gestures how Vit to witness the tEiumphant arrival of 6 ,0 0 0 After passing the troops stationed on the, r y tp rousal in review, his Majesty ascended " rro apartment, and appeared at the balcony, ' the Imperi a l f am il y. Fresh cries of " Vive "Vive la F am ill e I mpdriale !" were then 'etoFf his Majesty had withdrawn, the crowd beg 3 l , ll er si6 At a quarte r a ft er two o'clock M. de Minister of the Interior, in th e gra nd e°t Coe office, went on h orse b ac k to the Place de ,31Cf"a : and in th e m id s t Of the battalions of Ns had bealj.l drawn up there, read the Pldbiscite whichort mated to the n a ti on , an d t h en formerly P r "; , ~ Empire. Loud cries of "Vive National Guard followed. cof As soon as the day closed, illumination s in nearly all the principal quarters of Pans' COURT CIRCULAR• osBORN ' 41 Her Majesty and his Royal Highness Pr i . e lle ,;;cr,' companied by th e P r i nce o f L einingen, th e and Prince ss Ch ar l o tt e of Belgium, attendeociTos'e chioness of Ely and the Hon. Colonel Grob an open carriage yesterday afternoon. MARKET NEWS—(THIS nAl'. COVENT GARDEN. „Ai Large suppli es o f f ruit were on show tro demand, howev er , ru l e d steady at full Pric es .; pc° freely at l a t e ra t es. The imports from abroa d ceased. hog r, FRI:TN.—Pine apples, 3s 6d to 6s Od ; bc"'"" n ie " v o 2s 6d ; Hambro ditto, is to is 6d per lb ; h s el;A' 4s 6d to 7s 6d; cooking ditto, 3s to 6s per bil s , f 4s to 8s per half sieve ; lemons, is to 2s Od ; T h e co b ' 9d to is 6d per dozen ; filberts, iOd t o i s per 4 755. to 80s pe r 1001b s. VEGETABLES.—Cabbages, 8d to is ; is Gd to 2 s Gd per half sieve ; greens, is 3 0 • dozen bunches ' • cauliflowers, 8d to 2s per (WI; fj ,i 85s to 120 s per ton ; turnip s , 2 s t o 2 6d ; Carr ° ,:r 1312 ,. Is per dozen b unc h es ; celery, &I to 18 3d i 1 W spinach, is to 2 s per h a l f sieve ; onions, 18- Or; half sieve ; l ee k s , id t o 2d per bunch ;shallots, garlic 6d to 8d per lb ; endive, is to is 6d. , salad 2d p er p unne t ; horseradish, is to *9 per„es-r r parsley, 2s to 3s per dozen bunches. s ' ra The prices of wheate n bre BRE ad AD in . the metro? , 6id to 7d; of h ouse h o ld di tto, 5d to &i per 4lb ,og, - 13 4 NEWGATE AND LEADENHALT,' 01; ~0%1 Geese, 3s 6d to Gs Od; Turkeys, 3s to rs is 6d to 2s 6d; tame Rabbits, 12d to is 6a; Tl s 4 1 '; to is; Pigeons, 4d. to Sc! each; roasting c ot/ each; Surrey Fowls, 4s 6d to 8s Od ; ditto u„.w, r 'if?! to 4s Od; barn-door Fowls, 2s 6d to 5s v" Pheasants, 3s Od to 4s Od; Partridges, is Od to 1 10, e l s' 2s 3d to 2s 9d; Leverets, 2s Od to 3s Od; Wood m e° V,, i 'l to 3s Od; Grouse, 2s Oct to 2s 6d; Snipes , 9d wor j 6d to 10d; wild Ducks, is 3d to is 9d; i d grl o is 3d; and Plovers, 4d to 9d each. English Eg,gli i 125 Od; French ditto, 8s 6d to 9s 6d per 120; Ir e 10d to is id per lb. . Beef, from 2s 6d to 3s NEWPORT 6d; Mutton, 3s Od to 41 2j 33 4d to 4 s 2d ; P or k , 3s 2d to 4s Od per Ms. p 1; WHITECAPEL. Beef from 2 s 2d to 3s 6d; M u tton, 2s a". to Veal, 2s Bd. to 4.8 ; Pork, 2 s 6d to 4,1 per 811* BILLINGSGATE. ni l Co P ril Turbots, 3s 6d t o 8 s Od ; Brills, Is 6d 5s PI; , 4 1: 2s 6d to 7 s Od eac h ; S o l es, 6d to 2s 3d per PlVto 4 to 10d pe r lb ; Lobsters, 8d t o 2 s Od ; C ra b s , 4. 3 to D eo Whitings, 2s 6d to 5 s Od per d ozen ; Haddocks,. Doreys, 2s Od to 6s Od; Mullets, Od to Os e a , c 191,0: Oysters, 8s Od to 16s Od; Natives, 34s Od,„ l ' ° ,o bushel; Mackerel, 10d each; Smelts is uu,„ State, 4d to 7d per lb; Shrimps, is 6d to 2s ;5 0 K go, Bloaters, is ld to is 4d per dozen; Fresh to 2s per dozen. HIDES AND SKINS. 4 . 0 ON Market hides, 561 b to 641 b, 1/€l. to 2d; 6 41 b - 1,1 3 cpo to 24d; 72113 to 801 b, 24d to 2,id; 801 b to 88 1 : 11, .0 1 9 ' .1 881 b to 961 b, 3d to 34d; 96113 to 104113, 3.id to 01,40 hides, 5s 6d to 6s Od; calf skins, light, is Oct i(e1 1 " full, 3s 6d to 5s Od; polled sheep, 6s 3d to 8s 0c1; 9a. half-breds, 5s 4d to 6s 4d ; Downs, 3s 10d to 4-8 cP,,I, HAY MARKETS. ~/ Os; 10 , SMITHFIELD. —Meadow hay, 2/ 15s to '-'., r at ditto, 3/ 15s to 51 Os ; and straw, 1/ 4s to 1 11 ' 5 i'''' cl°,,J, Trade steady, at full prioes. i Os 40. CIIMBERLAND.—Mead ow h ay, 27 16s to s ~, pv ditto, 3/ 15 s t o 4/ 17 s ; and straw, 17 5s to 17 1 - 3 jos if A fair ave rage supp l y, and a firm demand. Al 0 $ ; c 43 WHITECHAPEL. -Meado w h a y, 2/ 15 s t o ditto, 3/ 15s t o 5/ O s ; an d straw, 1/ 5s to li ' n. Po io.'''' Supply good, and trade dull. ELECTION INTELLIGENCE.- -The polling of St. Edmundl election took place yesterday, a 1 ,.."„ - istel'Agi'," it was announced that Mr. H. P. Oakes, the X i- "ije, had beaten Mr. Hardeastle, the Liberal candidate, ele' v et , votes. ,The declaration of the poll at the Oldha ill , s 1 0 7 took place y es t er d ay, when a formal protest "wil je re against the retur n o f M r. W . J. Fox. yesterday nation of candidates to fill the vacancy occasioned, " t he , r presentation of Peterborough by the death 0 , 10 0`0,' Richard Watson shortly after his election in the I n tb e ,W this year, took place in the Town -hall of that city, '„"a a r a y sence of Mr. H. P. Gates, the deputy high bailiff,., 3 " O t ile number of the inhabitants. The candidates were ,10. ' to 0 ,1 Cornewall Lewis, who filled the office of Seere„ t3 ., r , f selq, Treasury in the late Government. of Lord John ro' represented Herefo r d s hi re i n the last Parliament ;+ 3 t :t; George Hammond Wh a ll ey, a barrister and aot re ~e i st.a commissioner. They b o th stand on the Liberal poll was demanded after the show of hands had been in favour of Mr. Whalley. DESTRUCTION OF A TURPENTINE DISTILL-- Apstfohlte night, between six and seven, a fire broke out and 0 1,- the premises of Messrs. T. Grace, Freeman, and u ° 'o o lead manufacturers, and turpentine distillers, at ,ite re bank, Pimlic o . REPRESENTATION OF DUBLIN UNivERSIT I • are rumours that the Irish Attorney-General, Alci o diy. will shortly b e p rov id ed with a seat upon the t.'" t it ° fief the room of one o f th e present judges, who is 110.00"rti tire upon a superannuation. In the expectation of L.. 4 in the representation of the University of DU ra ys Naas, the chief secretary, has been engaged in t'''o,,,l l l ) ' the electors ; and it is stated that Mr. Martley, ported by a considerable interest in the Universi t i is also a candidate. O [ADVERTISEMENT.]—HOLLOWAY'S PILLS rjet o a r% matic Pains a n d th e Tic Dol or eux.—Mrs• tree O'Donnell, a l a d y o f f or t une , residing in s , Plymouth, states, in a letter to Professor dated Nov. 10th, 1852, that sh e was a ffli cte d , for five years, with frequent a tt ac k s of tic-dolorehla in , ev e rheumatic pains. Medical a id had no effect yri in alleviating her suffering s . T he attacks left 'epeaalt weak and debilitated conditi on, and her bodily " was very much impaired. In this deplorable stV e rili was induced to try Holloway's Pills, and, by PF l.° A fi j in their use, the pains became gradually_dimuusbeh to ultimately she was restored to perfect h ealt deoS °l. strength.—Sold by all Druggists, and at -"." Holloway's Establishment, 244, Strand, Londoll:...S BIRTHS. the of vvx• OF A SON. On the 27th u l t., at Lamalgue ii" near Toulon,_ General th e Ri ght Hon. Sir Frederick Adam, .`" • On the 2d inst at 39, L des-street, 1,3" Y" OF A DAUGHTER. Fo ci Kerr. AfAI?R. TED. .1;1 IV' On the 2d inst ,at St. James's-church, Pic ea "leber t* Ford, Esq., to Mary Ann, youngest daughter of R. Esq., of Thames-street. DEAD . ' At I 3 irmingham, of bronchitis, . F. W. N. Ba37l°Y.' VA much lov e d and deeply lamented. icl-.- ...al, On the 2d inst., at Brompton, Capt. C. J. G.Ca rin flibso 6 9th Regim en t, fourth son of the late Sir Thos. '-' _.....! Carmichael, Bart - _ rrf ai' l LONDON : Printed and Publi s hed by MURDO A 112, of No. 112, Strand, P r i n t er , a t The Sun Office, . 0 . ,, 0 4 0 f Strand, in the Precinct of the Savoy, in the c ow ' Middlesex, Saturday, December 4, 1852, Lord How ar d d e W a ld en, Sir J. H. Max° s O l l' fr --- ell, Jir ' i,A I Stanley Carr had interviews yesterday with ~,,1 0 0 : i kington at the C o l on ial-office. Mr. Moor PIT also an i n t erv i ew w i th the Right Hon. Bar ° T r oor Dispatches w ere yesterday sent to the Gov" of Canada from the Colonial-office. 97i 6i Di 4i p ex. 17i done I 20 my- 1 p i - P i - A P 4 4 -6. d— par— IP d y sP A d P 9 — 7 —8 -5 _- 3 -- 37 pli: 14 - 21 P 31 Lg ! P ,P 1 jd - 11 P - pr • par 1/191 1 . d 20 - 9} 11i StilmA] lq -box th„Nr e age 3 '41111.1, Lonodrc 11, 13 ) ( A P L A 'lts / —NTIRF bRIAQAL I t 11 4) tt 4 'Y4 d t v Nt 9t, 111 : 441 gS e o; atcl eeper, E lii*ftrl er th' CL EIEd!] ~aa -e PR t. _SF 1,7"nt1. ld ALu t: • R , en, Is. It:4i ke erl, 0t,84!;° e n U r f s a l . 'eat — levetiin 44' Price 3/ tt W ° o] 4414 Wi Squil t il t R 0 FOR I,k l stt rat 1, 14 : tte 'r )' ; 1 . - 0 4 1 t e el t: e 'f :;P e at3e B 4 : 1;° ter 144 orv. th e ft ,: rre nii ij c ;1741 111 8 of ror ' l le e, ta rt 14 eti )Vl i p - " n g. It, Llo„ Ge t,q„,44 ey ebalinr(, N 11 1 41 . 41 tsdaj, (1,, 0 6 I tei ß l T t ase/ Cie /14rlea VI k r 4 1140 1 ,, ,;?:n q p 4rk, fklg:11108 to lb .. .....,0 1 14 ktictitlem, le + 2 ; IQ abov Le eds lnbe b 4 , 4114 ‘ed th ~.., ~: 72 i 54 d 34 117 11i Th e . '~le=s tr'ez