The Sun. — London, England, 1848-12-22 00:00:00

the credit and commerce of so many great and enlightened nations of Europe. It is believed that. looking to the ;,-'•- • - , Our " ' • than at th pre-ent perm d, ead eke \Ter mere auveec,e B in wealth and population. Had the disturbances in Europe not occurred, our com merce would undoubtedly have been still more extended, and would have added still more to the national wealth and public prosperity. But notwithstanding these disturbances, the operations of the revenue system established by the Tariff Act of 1846 have been so generally beneficial to the Govern ment and the business of the country, that no change in its provisions is demanded by a wise public policy, and none is recommended. The operations of the Constitutional Treasury established by the Act of the 6th of August, 1846, in the receipt, cus tody, and disbursement of the public money, have continued to be successful. Under this system the public finances have been carried through a foreign war, involving the necessity of loans and extraordinary expenditures, and requiring dis tant transfers and disbursements, without embarrassment, and no loss has occurred of any of the public money depo sited under its provisions. While it has proved to be safe and useful to the Government, its effects have been most beneficial upon the business of the country. In the year 1847 there was a revulsion in the business of Great Britain of great extent and intensity, which was followed by failures in that kingdom, unprecedented in number and amount of losses. This is believed to be the first instance when such disastrous bankruptcies, occurring in a country with which we have such extensive commerce, produced little or no in jurious effect upon our trade or currency. During the present year nearly the whole continent of Europe has been convulsed by civil war and revolutions, at tended by numerous bankruptcies, by an unprecedented fall in their public securities, and an almost universal paralysis of commerce and industry; and yet, althOugh our trade and the prices of our products must have been somewhat unfa vourably affected by these causes, we have escaped a revul sion, our money market is comparatively easy, and public and private credit have advanced and improved. It is confidently believed that we have been saved from their effect by the salutarea operation of the constitutional treasury. It is certain, that if the twenty-four millions of specie imported into the country during the fiscal year ending on the 30th of June, 1847, had gone into the banks, as, to a great extent, it mus t h ave d one , it would, in the absence of this system, h ave b een ma d e the basis of aug mental bank paper issues, p ro b a bly to en amount not asan less t „ than sixty or seventy m illi ons o f d o llars, producing, as inevitable consequence of an inflated currency, extravagant prices for a time, and wild speculation, which must have been followed, on the reflux to Europe, the succeeding . 7ar, of so much of that specie, by the prostration of the business of the country, the suspension of the banks, most extensive bankruptcies. Occurring, as this would d have done, at a period when the country was engaged in a foreign war when considerable loansof specie were re quired for distant disbursements, and when the banks, the ..seal agents of the Government, and the depositaries of its money, were suspended, the public credit must have sunk, and many millions of dollars, as was the case during the war of 1812, must have been sacrificed in discounts upon loans, and upon depreciated paper currency which the Government would have been compelled to use. In my message of the 6th of July last, transmitting to Congress the ratified treaty of peace with Mexico, I recom mended the adoption of measures for the speedy payment of the public debt. In reiterating that recommendation, I refer you to the considerations presented in that message in its support. Funded stock of the United States, amounting to about half a million of dollars, has been purchased, as authorised by law, since that period, and the public debt has thus been reduced; the details of which will be presented in the annual report of the Secretary of the Treasury. The estimates of expenditure for the next fiscal year will be ample for all necessary purposes. If the appropriation made by Congress shall not exceed the amount estimated, the means in the treasury will be sufficient to defray all the expenses of the Government; to pay off the next instalment of three millions of dollars to Mexico, which will fall due on the 30th of May next; and still a considerable surplus will remain, which should he applied to the further purchase of the public stock and reduction of the debt. Should en larged appropriations be made, the necessary consequence will be to postpone the payment of the debt. Though our debt, as compared with most other nations, is small, it is our true policy, and in harmony with the genius of our insti tutions, that we should present to the world the rare spectacle of a great Republic, possessing vast resources and wealth, wholly exempt from public indebtedness. This would add still more to our strengle and give to us a still more com manding position among the nations of the earth. The publie expenditure should be economical, and be con fined to such necessary objects as are clearly within the powers of Congress. All such as are not absolutely de manded should be postponed, and the payment of the public debt at the earliest practicable period should be a cardinal principle of our public policy. For the reason assigned in my last annual message, I re peat the recommendation that a branch of the Mint of the United States be established at the city of New York. The importance of this measure is greatly increased by the acqui sition of the rich mines of the precious metals in Slew Mexico ami California, and especially in the latter. I repeat the recommendation heretofore made in favour of the graduation and reduction of the price of such of the pub lic lands as have been long offered in the market and have remained unsold, and in favour of extending the rights of pre-emption to actual settlers on the =surveyed as well as the surveyed lands. MILITARY AND NATAL FORCES. On the return of peace, our forces were withdrawn from Mexico, and the volunteers and that portion of the regular army engaged for the war were disbanded. Orders have been issued for stationing the forces of our perma nent establishment at various positions in our extended country where troops may be required. Owing to the remoteness of some of these positions, the detachments aye not yet reached their destination. Notwithstand n g the extension of the limits of our country and the forces required in the new territories, it is confidently be lieved that our present military establishment is sufficient fur all exigencies, so long as our peaceful relations remain undisturbed. Of the amount of military contributions col lected in Mexico, the sum of seven hundred and sixty-nine thousand six hundred and fifty dollars was applied towards the payment of the first instalment due under the treaty with Mexico. The further sum of three hundred and forty-six thousand three hundred and sixty-nine dollars and thirty cents has been paid into the treasury, and unexpected ba lances still remain in the hands of disbursing officers and those who were engaged in the collection of these moneys. After the proclamation of peace no further disbursements were made of any unexpended money arising from this eource. The balances on hand were directed to be paid into the treasury, and individual claims on the fund will remain unadjusted until Congress shall authorise their settlement and payment. These claims are not considerable in amount. I recommend to your favourable consideration the sugges tions of the Secretary of War and the Secretary of the Navy in regard to legislation on this subject. Our Indian relations are presented in a most favourable view in the report from the War Department. The wisdom of our policy in regard to the tribes within our limits is clearly manifested by their improved and rapidly improving condition. A most important treaty with the 3lenomonies 'has been recently negotiated by the Commissioner of Indian Affairs in person, by which all their land in the state of Wisconsin-- baing about four millions of acres —has been ceded to the United States. This treaty will be submitted to the Senate for ratification at an early period of your present session. Within the last four rears eight important treaties have been negotiated with different Indian tribes, and at a cost of 1,842,000 dollars; Indian lands to the amount of more than 18,500,000 acres have been ceded to the United States; and provision has been made for settling in the country west of the Mississippi the tribes which occupied the large extent of the public domain. The title to all the Indian lands within the several states of our Union, with the exception of a few small reservations, is now extinguished, and a vast region opened for settlement and cultivatio 1. The report cf the Secretary of the Navy gives a satisfac tory exhibit of the operations and condition of that branch of the public service. A number of small vessels suitable for entering the mouths of rivers were judiciously purchased during the war, and gave great efficiency to the squadron in the Gulf of Mexico. The number of men in the naval service Authorised by law during the war has been reduced by discharges below the maximum fixed fur the peace establishment. Adequate squadrons are maintained in the several quarters of the globe where experience has shown their services may be most use fully emplayed, and the naval service was never in a condi tion of higher discipline or greater efficiency. I invite attention to the recommendation of the Secretary of the Navy on the subject of the marine corps. The re duction of the corps at the head of the war required that four officers of each of the three lower grades should be dropped from the rolls. A board of officers made the selec tion - and those designated were necessarily dismissed, b u t without any alleged fault. I concur in opinion with the Secretary, that the service would be improved by reducing the number of landsmen, and increasing the marines. Such a measure would justify an increase of the number of officers to the extent of the reduction by dismissal, and still the corps would have fewer officers than a corresponding number of men in the army. The contracts for the transportation of the mail in steam ships convertible into war-steamers promise to realise all the benefits to our commerce and to our navy which were anti cipated. The first steamer thus secured to our Govern ment was launched in January, 1847. There are now seven ; and, in another year there will, probably, be not less than seventeen afloat. While this great national ad vantage is secure d , our social commercial interc ourse is increased an d promoted with Crin any, Great Britain, and other parts of E urope, with all the countries on the west coast of our continent, especially with Oregon and Cali foenia, and between the northern and southern sec ti ons of ;r in en es ne may the United States. C ons id erablere be expected from portages; bat the co nnected the Ist te. O regon, cannot hmus from New Y or k to not no Chagres, and thence across e to b e est i mated, fail to exert a beneficial influence on the interests of the manufastures tion, and currency of the United States. commerce, naviga part of the system, I recommend to your favourable deration the establishment of the proposed li ne of ste moot e ;. - between New Orleans and Vera Cruz. It promises thest happy results in cementing friendship between the two R e _ publics, and in extending reciprocal benefits to the trade and manufactures of both. THE POSTAL ARRANGEMINTS. Ile report of the Postmaster-General will make known to you the operations of that department for the past year. It is gratifying to find the revenues of the department, under the rates of postage now established by law, so rapidly increasing. The gross amount of postages during the last fiscal year amounted to four million three hundred and seventy-one thousand and seventy-seven dollars, exceeding the annual average received for the nine years immediately preceding the passage of the Act of the 3d of March, 1845, by the sum of six thousand four hundred and fifty-three dollars, and exceeding the amount received for the year ending the 30th of June, 1847, by the sum of four hundred and twenty five thousand one hundred and eighty-four dollars. The expenditure of the year, excluding the su:n of ninety four thousand six hundred and seventy-two dollars, allowed by Congress at its last session to individual claimants, and including the sum of one hnndred thousand five hundred dollars paid for the services of the line of steamers between Bremen and New York, amounted to four million one hun dred and ninety-eight thousand eight hundred and forty-five dollars, which is less than the annual average for the nine years previous to the Act of 1845, by three hundred thousand seven hundred and forty-eight dollars. - The mail routes, on the thirtieth day of June last, were one hundred and sixty-three thousand two hundred and eight miles is extent, being an increase during the last year of nine thousand - three hundred and ninety miles. The mails were transported over them, during the same time, forty-one million twelve thousand five hundred and seventy-nine miles; making an increase of transportation for the year of Two'snit)(on one hundred and twenty-four thousand six bun - dredszarozWghty miles, whilst the expense was less than that of the: previous year by four thousand two hundred and thirty five 'dollars. The increase in the mail transportation within the last three - years has been five million three hundred and seventy eight thousand three hundred and ten miles, whilst the ex ilen4" wexe reduced four huuctred aid fifty-414 thounn4 rr , , • seven hundred and thirty-eight dollars making an increase an , l a rP(liietion in C: :ann.:, a., o t•LC.III steamers in conveying the mails monthly between New York and Bremen, and one since October last, performing semi monthly service between Charleston and Havannah; and a contract has been made for the transportation of the Pacific mails across the isthmus from Chagres to Panama. Under the authority given to the Secretary of the Navy, three ocean steamers have been constructed and sent to the Pacific, and are expected to enter upon the mail service between Panama and Oregon, and the intermediate ports, on the Ist of January next, and a fourth has been engaged by him for the service between Havannah and Chagres; so that a regular monthly mail line will be kept up after that time between the United States and our territories on the Pacific. Notwithstanding this great increase in the mail service, should the revenue continue to increase during the present year as it did in the last, there will be received nearly fuur hundred and fifty thousand dollars more than the expenditure. These consideraticns have satisfied the Postmaster-General that, with certain modifications of the Act of 1845, the re venue may be still further increased, and a reduction of portages made to a uniform rate cf five cents without an interference with the principle, which has been constantly and properly enforced, of making that department sustain CONCLUSION. of the publ experience icpelicy.sv o e f Nothing can retard the onward p d rogr m e a s i s nt o a f in o i u n r g country, and and prevent us from assuming an rthanekpaamong a na r t e i c o u n r s r , e b nc u e t t a n d a i n sre em a w rd ise necessary an d unavoidable vindication of the national have just closed an honourable .. pea9e—a war rendered tu present that which conditionexi existed the d i mm countryimmediately te is y eriingthiltasrainnd some honour.respects e after the close of the war wi t h Great Britain in 1815, and the occasion is deemed to be a proper one to take a retrospect of the measures of public policy which followed that war. There was at that period of our history a depar ture from our earlier policy. The enlargement of the powers of the federal government by construction, which obtained, was not warranted by any just interpretation of the Consti tution. A few years after the close o: that war a series of measures was adopted, which, united and combined, consti tuted what was termed by their authors and advocates the "American system." [The Message then goes on at great length to set forth the " democratic" views of this "American System." The Mes sage closes thus :—] During the period I have administered the executive de partment of the Government, great and important questions of public policy, foreign and domestic, have arisen upon which it was my duty to act. It may indeed be truly said that my administration has fallen upon eventful times. I have felt most sensibly the weight of the high responsibilities devolved upon me. With no other object than the public good, the enduring fame, and permanent prosperity of my country, I have pursued the convictions of my own best judgment. The impartial arbitrament of enlightened public opinion, present and future, will determine how far the public policy I have maintained, and the measures I have from time to time recommended, may have tended to advance or retard the public prosperity at home, and to elevate or depress the estimate of our national character abroad. Invoking the blessings of the Almighty upon your deli berations at your present important sessions, my ardent hope is, that in a spirit of harmony and concord, you may be guided to wise results, and such as may redound to the hap piness, the honour, and the glory of our beloved country. Washington, December sth, 1848. JAMES K. POI.K. From Mexico we learn that almost immediately after the adjournment of Congress a new meeting 'was convened, os tensibly to appoint commissioners to meet those from the United Sates for reviewinl• and marking the boundary be tween the ceded territories and Mexico. The real objects, however, are said to be a revision of the tariff, with a view to the reduction of duties and the authorising terms that may be successful, fora loan of 6 0 000 dollars. The position of political affairs in Mexico seems unchanged, and therefore unstable; still, if, as it is rum.ured, Paredes left his country in the Great Western, recently, one element of disturbance has bee,a removed. MR. COBDEN'S PLAN OF FINAN f7T,',T, ' - `7 7 " - `;' . 7 AN T-, N - 7 "Prir",Y‘T-v* Leation I r :;:. .. relorm, was read on Wednesday night, at the meeting of the Liverpool Financial Reform Association : London, 103, Westbourne-terrace, Dec. 18. Dear Sir,—l gathered, from the conversation I had with you and the members of the Financial Reform As sociation in Liverpool, that you had two objects in view —first, the substitution of direct for indirect taxation ; and, secondly, a diminution of the present amount of Government expenditure. I ventured to offer an opinion, which I now beg to repeat, that it would be far easier to effect a reduction of expenditure to the extent of 10,000,0004, end apply the whole of that sum to the re moval of Excise and Customs' duties, than to transfer the same amount from indirect to direct taxation. Excepting in Liverpool and a few of our largest trading towns, there is not, at present, a very great force of public opinion in favour of direct taxation. It has yet to be created and organized. But there is a very general sympathy felt in the proceedings of your body, founded upon a strong de sire to have the burdens of taxation lightened; and there is some expectation that yeti will put forth a plan for effecting that object. My reason fur now troubling you is to suggest whether it might not be advisable to publish a national budget, exhibiting on one side a con siderable reduction in the expenditure, and on the other the several Excise and Customs duties which you pro pose in the first place to abolish. Ido not mean by this a perfect financial scheme, such as may ho contemplated as the ulterior object of your association, but a plan which, whilst it went in the direction of your principle of direct taxation, and relieved the mass of consumers from a heavy tax upon their necessaries and comforts, should commit these politicians of all shades who now join in the vain cry for " economy and retrenchment" to some practical measure worth contending for. I suggest that you take for the basis of your budget the expenditure of 1835. The whole cost of the Go vernment in tbat year, including interest of debt, was 44,422,0001. For the twelve months ending the sth of April last it amounted to 55,175,000/., being an inercr.se of 10,750,000/. The interest of the debt was less by 87,000/. in the latter than in the former year, makinz the comparison so much the more favourable to 1848. The estimated expenditure for the current year eudir g the sth of April, 1849 (see Lord J. Russell's speech 18th February last), is 54,596,000/.; so that we take the in crease to be, in round numbers, 10,000,0001. since 1835. Do you see any good reasons why we should not return to the expenditure of that year? Englishmen love pre cedents; and they are not easily persuaded that any thing is Utopian or impracticable which has been accomplished within the last thirteen years; and this is one reason, though I will find you a better, why you should base your budget upon that of 1835. If we go back a little further, to the time when this nation was still under the rule of the boroughmongers, we shalt find a startling argument in favour of this plan. In 1830, the last year of the Wellington-net Administra tion, the expenditure for all purposes, exclusive of the interest of the debt, was 18,024,0001.; for the twelve months ending the sth of April of the present year, it amounted to 26,747,0001. The Tory Government was overturned the following year upon the motion of Sir Henry Parnell in favour of economy, and the House of Commons was soon afterwards reformed, mainly on the plea of its profligate waste of the people's money; and yet we have now an increase to the expenditure of 8,723,0001., or nearly 50 per cent., as the fruits of the Reform Act. We are now actually expending more upon the army, navy, and Ordnance alone, than sufficient for the maintenance of the whole civil and military esta blishments under the Duke of Wellington's Govern meat! When these facts shall be generally known, the country wilt, I think, be in the humour for responding to your appeal, if you inscribe as your motto upon your banner—" The Expenditure of 1835;" which will be a reduction of 10,000,0001. from this year's budget. I would not advise you to cemplicate your plan by proposing any new imposts, to rouse the antaeoeisee of interested parties, or any modifications or astituti of existing taxes, to destroy that simplicity of object which, above all things, is necessary to the success of a public agitation. But there is one tax from which the dominant class in this country has exempted itself for halt' a century, which exemption would be disgraceful to the character of the British people any longer to tole rate—l mean the probate and legacy duty. In the last year upwards of two millions of pounds were paid into the Exchquer by the heirs to personal property, con sisting mainly of the hard-earned accumulations of our merchants, manufacturers, professional men, traders, and mechanics ; whilst the ducal domain, or the estate of the great landed proprietor, passed untaxed from the dead to the living. This year will be memorable for having witnessed the destruction of the last remain ing powers of feudalism in all the countries; ol the Continent, excepting Russia. But I know of no privi lege which the nobles of Prussia, Gallicia, or Hungary have been compelled to surrender, as a tribute to the enlightenment of this age, more unjust in principle than that which is conferred upon our landed proprietors in the statute passed by themselves, imposing duties exclu sively upon the inheritance of personal property. Let us not boast of English freedom, or of equality before the law, whilst this injustice remains. In what form could aristocratic privilege asaume a more offensive and costly aspect than in that of a bold and palpable exemp tion from taxation? Ido not think that great resistance will be offered to the equitable adjustment of this tax, provided the people speak out as becomes them. No living proprietor will be affected by the change; and the landholders are as conscious as you or I that these are not times for transmitting such a class of privilege to posterity. I assume that the probate and legacy duty upon real estate, entailed sad unentailed, will yield, at a moderate estimate, 1,500,000/. By the above plan you would have a disposable surplus revenue of 11,500,0001., viz., ten millions from the reduction of expenditure, and a million and a half from the increased produce of the probate and legacy duty. I will now trouble you with my views as to the dis posal of that amount, premising that I have nct felt quite free to choose in every instance those items of the Customs and Excise duties which I should myself have preferred to abolish or reduce, but have been partly in fluenced by the desire to enlist the sympathy and sup port of every class and interest in the community, whose co-operation will be abundantly reqaisite to force the adoption of the plan upon Government. To begin with the Customs duties. The present duty of 2s. 2id. per lb. upon tea, whether viewed as a tax upon the most harmless stimulant enjoyed by the people or as an impediment to the operations of our merchants trading with China, is one of the most indefensible in the tariff. I would reduce the duty to Is. perlb., or to an ad valorem duty yielding the same amount of revenue, Ewhich, according t o th e es ti ma t e o f t h e Ch ance l lor of chequer, in his speech on Mr. Cardwell's motion, there would be a less for the first year of 2,000,000/. The duty on timber and wood must be wholly abolished. This is a necessary consequence, if not an accompani ment, of the repeal of the navigation-laws. The amount is 945,0001. (I have taken this and all the follow ing items from the finance accounts for the year ending January 5, 1648, deducting the expense of collection.) I propose, also, to take the duty off butter, cheese, and up wards of one hundred items of the Customs duties, yield ing altogether 516,000/.; and leaving only about 20 arti cles in the tariff paying duty. These three sums amount to 3,461,0004 Next, with reference to the Excise. It may be laid down as a rule, that, whenever you touch an Excise duty at all, it should be totally abolished; because the great objection to such taxes, the interference of the excise• men with the processes of production, applies equally whether the duty be great or small. This should be borne in mind if you deal with the malt tax, and you must deal with it, if you would enlist the sympathy of the county constituents in your movement. To a man the farmers are in favour of the repeal of the malt tax, and this, not merely because it would,add to the contentmeut a of the peasantry by c h ea p en i ng beverage which they universally consume, and also relieve their employers from a heavy tax upon the beer they give to their labourers at certain seasons, but the best agriclturists loudly protest against the duty on the plea that it denies them the free application of their capital to the fatten ing of cattle upon malt, and thus prevents the profitable growth of barley upon stiff clay lands. Upon this sub. ject Mr. Lattimore, speaking for en influential deputa tion of landlords and farmers which had an interview with Lord J. Russell in February last, said,—" The malt tax disarranged the best modes of cultivation,' en hanced the price of artificial food fur stock and cattle, whereby the fertility of the soil was deteriorated, the demand for labour lessened, the supply of bread-corn and animal food considerably decreased, and the com• forts of the people and the wealth of the country were also greatly impaired." Your " national budget" would therefore be undeserving the name if it did not include the total repeal of the malt tax, amounting to 4,260,000/. In Kent, Sussex, and two or three other counties, there is an active agitation against the hop duty. The expense of collecting this tax is alone sufficient to con demn it. Nothing could so well exemplify the wasteful and costly process of collecting revenue by means of Excise duties as the spectacle exhibited, for a month or six weeks every autumn, of a little army of excisemen dispersing themselves over half a score of counties, to levy a tax in the fields and gardens of the hop-planters. I question! if; anything more barbarous could be met with in Turkey or any uncivilized country where politi cal economy had never been heard of even by name. I propose, therefore, the abolition of the hop duty, amounting to 416,000/. By including the malt and hop duties you will secure the co-operation of the farmers, who, now that free trade is the settled principle of our legislation, have a common interest with the inhabitants of the towns. The landlords, too (at least such of them as are not merely professional politicians), will hence forth be found in the front ranks of those who advocate economy and retrenchment in the national expenditure. Already they have begun to ask, and with good reason, why should we not have cheap government as well as cheap corn? Next is the article of soap. What a satire upon our sanitary acts, and all the pompous agitations in favour of baths and washhouses is this tax upon the necessary :t 2oyt, element he hohbeoeaeo ohuofahyt cleanse)ayteawaaeramounting cleanliness htifioocrunohunmast io(fn, raa ? fgop e N ohi asem :8 0 hty t soeom a :tisu n nhott • d o yaeo nsudlpoamni upon :d e sndt paper yet. cepeo, saidliterature uwi or :ebb yu, raise as p i nos ; upon cl.uditnnvgittetn,hi:siesruin your budget, you will promote the reli gious, moral, and intellectual of the people t in h:ir paoccnep nationaltable parties,to od a u ll cation. T w h h e a l t a e s v t e t r wo may itemsbe will draw towards you the sympathies of the Scotch amountEx se reformeza. These four sums lt i ts o au although ,O d C o o e / 3 . t c h i e window-tax, which, I come to taxes properly so called. There is to the fearful Ped o i t E iv x e cis i e tid d u u s ti t e ry s, , op is era o t p e e a n s not, like the tn ,. e e n t t io to pr t o h cl a u . it obstructs the light pf heaven;" and, in th ese ° bri n f e words. we may read its inevitable docm. London, Bath, and ~,! , ,r p;f; ; „-,me rrcz, : ;.," tb n tr.w . . - Butigt.T." It ) ivicS I ,6lu,Uout. iiy '• Way a..(1 means" arc so nearly exhausted thLt I can only add the advertisement duty, amounting to 160,0001. These too sums amount to 1 ,770.000/. The total loss of revenue by the reduction of the above duties and taxes, is 11,477,0001., or 23,0001. less than the 11,500,0001. of surplus which I propose to create by the diminution of expenditure, and the equalization of the probate and legacy . duty. I subjoin a summary of the foregoing, in a concise tabular form : NATIONAL BUDGET. Proposed reduction of expendi ture ... ..• £10,000,000 Propos:el legacy and probate duty upon real estate, whether en tailed or unentailed 1,500,000 Proposed amount of surplus re venue ... ... ... £11,500,000 PROPOSED REDUCTIONS OF DUTIES AND TAXES, Customs Duties. .Loss of Revenue. Tea—Duty to be reduced to ls. per pound ... ••• .£2,000,000 Timber and Wood—Duty abo lished ... Butter, cheese, and upwards of 100 smaller items of the tariff— Duties abolished 945,000 ... .L 3,431,000 ... £6,246,000 £1,170,J COMMERCIAL INTELLIGENCE. GONTJINIIENT SECURITIES. Offered. Aske( 102,i 1024 . 105 1051 ._ 105 k 1051 ._ 106 i 1064 —. 97 ... 95 97 ... 106 1061 United States Loan, 6 per cent.,1856, Ditto 6 per cent., 1862 ... Ditto 6 per cent., 1867 Ditto 6 per cent., 1863 Ditto 5 per cent., 1853 ... Ditto Mexican Indemnity ... Treasury notes, 6 per cent ... STATE SECURITIES. New York 7 per cent., 1849 •• Ditto, 6 per cent., 1850 Ditto 6 per cent., 1854 Ditto 6 per cent., 1855 Ditto 6 per tent., 1860 ... Ditto 6 per cent., 1861 ... Ditto 6 per cent., 1861, half-yearly Ditto 6 per cent., 1862 ... Ditto 6 per cent., 1862, half-yearly Ditto 6 per cent., 1867 Ditto 56 per cent., 1860 ... Ditto 5} per cent., 1860, half-yearly Ditto 5i per cents, 1861 ... Ditto 51, per cent., 1801, Half-yearly Ditto 5i per cent., 1865 Ditto 5i per cent., 1865, half-yearly Ditto 5 per cant., 1850, „. Ditto 5 per cent., 1853, „, Ditto 5 per cent., 1855, Ditto 5 per cent., 1853, Ditto 5 per cent., 1659, Ditto 5 per cent., 1860, 100-1 100} Ditto 5 per cent., 1861, 100-1 1001 Ditto 5 per cent., 1862, ... 100 i loq Cotton—There has been a fair demand since our last, with considerable steadiness, prices having experienced no further depression. Subsequent to the date of our notice of the market for the steamer Acadia, ten days since, prices until the close of last week gradually receded, and they now stand to of a cent. per lb. lower than on the 24th ult. The total receipts of cotton at all the shipping ports are 527,917 bales, against 336,97$ to same dates last year, an increase this season of 190,959 bales. The total foreign export this year is 120,604 bales more than last, say 12 1,058 bales in crease to Great Britain, 17,061 decrease to France, 6,635 in crease to North of Europe, and 6,922 increase to other foreign ports. The shipments from Southern to Northern ports are 53,249 bales more this season than last; and there is an increase in stock of 20,293 bales. The sales since the 24th ult. are 9,300 bales; and, since our last, 3, 4, 00, as fol lows : .. 101 i 101 ... 105 10G ... 105 106; ... 10A 108 ... 103 10C ••• - - .. 108 108 ... 108 i - ... 102 103 i - - - ... 182 1031 ••• - - ... 99 100 ... 1001 100/ 100 t 100/ Upland and Florida. Mobile, N. 0., & Texas 2,700 bales. 1,100 bales. Inferior ... ... none —to sc. Ordinary to good ordinary ... 5i to aic. .. 5f to 51 Middling to good middling 51 to 64 ... 51 1 to 61 Middling fair to fair ... 6i t o 61 ... 6i to Gi Fully fair to good fair 6i to 64 ... 7 to 7i The arrivals have been from— Galveraton New Orleans Georgia ... South Carolina North Carolina Baltimore ... 719 bales. ... 909 ... ... 1,595 ... ... 2,746 .. Total import since the Ist inst. ... 5,998 bales. Export, from lst to 30th November. 1848. 1847. Cotton 21,729 bales ... 15,073 b a l es . Expert from the United States:— Since the Ist of September, 1848 ... 831,601 bales. Same time, 1847 ••• ••• ... 210,997 „ Since the 21st of November the continued mild weather has caused the canal to be kept open for a longer period than usual, thereby adding considerably to the stock of flour and grain ; prices have, consequently, declined a trifle, and the market closes dull. As regards the stock in store, there is much diversity of opinion, but those best informed estimate it at 300,000 to 400,000 barrels of all kinds. The exports from this port to Great Britain and Ireland for the week end ing the 27th of November, 29,952 barrels of flour; 1,064 ditto corn meal ; 22,494 bushels wheat, and 150,983 bushels corn. Freights remain at about former rates of 2s. to 2s. 3d. per barrel on flour, and 6*d. to 7d. per bushel on grain to Liver pool. * Flour-There is a good home demand, but only a light in quiry for export; with the large receipts of the last fort night, prices hirre declined about 6ic. per barrel from the closing rates per America steamer. The late sales have ranged from 5 dolls. 25c. to 5 dolls. 3l c. for the common Oswego and Western, and 5 dolls. 3l c. to 5 dolls. 44c. for the strait brands of Western and Genessee. Southern kinds are selling at 5 dolls. 50c. to 5 dolls. 56ic. Rye flour is held ;. t 4G 3 0 ri i. dolls. nl2 IG 1 c e2n for c 8 s . ej t eoe wheat eh d ye o a l t l e., and corn meal 3 dolls. to si3 yellow.sellingiB at 125 c. to 127 c. per 601 b. and mixed Ilr e •• and Ohio, 105 c. to 115 c. Rye is dull at 62e.per561b• inos Oats are selling at 34c. to 35c. ; barley. at 63 c. to 6e c to 73c. _ per 56th., 481 b. ; Indian corn in fair demand, at 72c. hio. m lP; e4 s ?b. for round yellow old, and 65c. to 67c. for brings 60c. to Western. The new Southern is quite dry, and Freights-To Lo” according to quality, f er export. and the pack e t of thentthequantity going for war d i s l arge, at 2s. 6d. to 35. ; 300 ba rst. has 1,000 b arrels turpentine 2s. 6d ; oil-cak e , 2s. 6d rre 5 pork, 3s. ; 2,600 b arrels flour, 63. 6d. ; 150 casks cheese pg ba . rrel ; 900 tierces beef, 6s. to lard, 325. 6d.; tierces tobticcos.g bales and boxes, bacon and kegs, 3a. 6d.; 5,000 bushels Whesa.t6d:; boxes, 25. 9d.; and gallons oil, 11. 10s. The two eu ,' e m I ? a g s, 7 d. ; and 7,500 ready engaged, and going on board,e esdOwg packets have boxes cheese, cheese, at 11. 155.; 2,500 barrls oil, clTks and 17,000 bulk of LOO barrels bacon and lard, le 15, ' 105.;,i, .and the there is less disposition to operate until the reception() Liverpool of later advices. We hear only of moderate quantities of bulk at 7d. ; flour, 2s. ; 150 barrels pork, 2s. 9d. ; 3::0 tierces in beef, 35.; 110 boxes bacon, 11. 7a. 6d.; other heavy Core% IL ss. to 1/. 7s. 6d. ; cotton, 5-32 d. ; and wheat in bags and bulk, 60. to 7id.. &c. To Glasgow we bear of 5,5000 bushels corn at 71d. ; 100 bales cotton, id.; and lard I/. 10s. To Havre, the United States took 550 bales cotton' at i a cent. ; 10,000 lb. whalebone, i ; 350 casks rice, 8 dolls.; and 123,000 dolls. specie at i t to _4 per cent., principally at L. A French vessel filled up at 5-16ths of a cent. for cotton, and i for 12,0001 b. bone. IADVERTISEMENT.:I—THE EARL OF A LDBOROUGII AND Houoway's Pmts.—An astounding cure by this miraculous medicine, aster every other means had failed. See extract from Ids Lordship's letter, dated " Villa Messina, Leghorn, Feb. 21, 1815. Professor Holloway —Sir : I beg to acquaint you that your pills have effected a cure of a disorder in my liver and stomach all the most eminent of the facnlty, at home and all over the continent, had not been able to effect; nay. not ever the waters of Carlsbad or Ma rienbad. (Signed) " ALDnottouon." These wonderful pills will care any disease of the liver or stomach.—Sold (also Holloway's Ointlmmt) at Professor Holloway's Establishment, 244, Strand, and by all medicine Tendon) tigoughout the clyillaed world. NEW YORK, DEC. 0. The non-arrival of the Britannia, now past due, has dimi- Lished the business by this packet. The Exchange on London is drooping, and sales have been made from 5 3 4 to 8, and leaving off at S. For bills on Paris at short dates, say ten days, the rate is 5.15 to 22k. The American steamer the United States, which went to sea to-day, for Havre, carried out about, 125,000 dollars in coin. The unusually fine and moderate weather we are enjoying, by prolonging the period of internal navigatiob, has in creased our stocks of flour and wheat, and this circumstance together with the non-arrival of the steamer, has caused some pause in purchases, and a drooping of prices. Notice has been given that the Treasury Department is ready to redeem all Treasury notes issued under the Act of January, 1847, at maturity. As the interest will cease after that time, it is highly probable that, in the meantime, those outstanding will he funded into a twenty years' stock, dated from the time of issue, bearing six per cent. interest. Counterfeit 20 dollar bills of the Bank of Georgetown are in circulation. They are well executed, and calculated to deceive, unless examined closely. It is supposed there are large numbers in circulation at the south. ei lr 6 *ritigN.L....., t ,Aavt4:4l4) 1 Total loss upon Customs, Excise, and Taxes a:11,477,001 I repeat that I do not propose this as a complete financial scheme. Many articles an omitted which I should not wish to be considered to have willingly ex cluded, or be thought to have overlooked. I have gone again and again through the dismal catalogue of our fiscal burdens, and if there be any of the items of the Customs or Excise duties which you are sorry to miss from the above table, be assured that the omission has caused me equal regret. Bricks ought especially to stand one of the first on the list for a prospective budget. To bacco is a very strong case, but it involves so large an amount of revenue that I could not include it. The wine duties also call for a revision, not to name others. Then there are some duties and taxes, the modification of which does not necessarily involve a loss of revenue, and which may be dealt 'with independently of the pre sent plan. The duties on foreign and colonial coffee ought to be forthwith equalized; the property and in come-tax should be revised, and a just discrimination made between fixed and precarious incomes. For a stamp upon newspapers a stamped envelope might be substi tuted, bearing upon those only which are transmitted by post; and the stamp duties generally call loudly for an equitable revision. I mention these examples to show that, by adopting the proposed " national budget," you would not be precluded from effecting other financial reforms. On the contrary, I believe if the industry of the country were further disburthened to the extent I have named, there would be au accruing surplus revenue from the remaining sources of taxation, a hich would afford the means of continually making further modifi cations and reductions of duties. This would have been the case in times past, notwithstanding all the rests is tions upon our commerce, if the increased income had not been swallowed up by Government extrav,gance. For instance, had not the expenditure been increased since the time of the Duke of Wellington's Administra tion, in 1830, then, notwithstanding the very large amount of taxes and duties since remitted, there would now have been a surplus revenue, without the income-tax A word or two as to the mode by which I would re duce our expenditure to the amount of 1835. The great increase since that year has been upon the army, navy, and Ordnance. In the year 1835 our armaments cost us 11,657,000 t; for the twelve months ended on the sth day of April last they reached, including 1,100,0001. for the Kafir war, 1 9,341,0001.; and I expect that the charge for the present year will not be much less. For the same time the total expenditure of the Government, ex clusive of the interest of the debt, was 2 6,747,000/., and, deducting 1 9, 3 41,000/., the cost of our warlike establish ments, it leaves only 7,406,000/. to cover the whole of the civil expenses of the Government. It will be self evident, then, that if any material retrenchment be effected, it must be mainly upon our armaments, the cost of which has been increased 7,000,0001.; and this during a period of profound peace, and in the absence of all revolutionary convulsions, and whilst each succes sive speech from the throne assured the assembled Par liament of the peaceful disposition of all foreign Powers. But if we take into calculation the present reduced value of commodities, it will be found that 10,000,0001. expended upon our armaments now will go much far ther than 11,6571. did in 1835; and I suggest that you propose the former anm as the maximum expenditure for the army, navy, and Ordnance, by which you will gain about 8 ,500,000/. of the proposed saving of 10,000,000 Z I by no means, however, wish to commit your association to 10,000,0001. as the minimum cost of our armaments, for I have a strong belief that you will live to see the waste reduced to less than half that sum. The above -named amount will be three times as great as that of the United States; greater than that incurred for the same purpose by Russia, Austria, or Prussia; and, judging by her promised reductions, nearly, if not quite, as large as that of France. The remaining 1,500,000/. to complete the proposed reduction of 10,000,000/. you will have little difficulty in saving from all the other heads of expenditure, including the coat of collecting the revenue, and the mantgemeet of the Crown l a nds. I repeat, emphatically, all hopes of any material re lief from taxation hinges upon the question of a large reduction in the cost of our army, navy, and Ordnance. If it be objected that I do not specify the particular re giments or ships which I propose to redace, my answer is—that the only way in which the public can restrict the Government at all, in its warlike expenditure at a time of peace, is by limiting the amount of money. Disband a regiment, or pay off a ship to day, and the amount saved may be spent to-morrow upon steam-basins, or for fresh fortifications at Gibraltrr, Lsbuan, or Hong- Kong. This was the view enterteiued by Sir Sir Henry Parnell, a great Whig authority, who, in his work upon financial reform, written when the Duke of Wellington was at the head es affairs, whilst arguing for a reduction in the expenditure of our military departments, says— " Fix upon a much smaller sum, and tell them that they must make it answer." There is another good reason for this course. Some influential persons, who are op posed to any diminution of the strength of our arma ments, yet contend that the present force may be kept up at a very reduced cost. In their eyes, your maxi mum sum may represent a much larger establishment than you contemplate. These parties, probably, would be as willing as myself to put an end to the crimes and cruelties imported into the slave -trade by the interfe rence of our costly fleet of cruisers upon the African coast; or there may be other savings contemplated by them; so that, perhaps, in their opinion, with an expete diture of 10,000,0001., nearly as largo an effective force as at present may be maintainea. But lam proper( d to contend fur changes in our fo reign, colonial, and domestic policy (though I will not attempt to do so at length now) calculated to facilitate a reduction in the amount of our armaments. First and foremost, we must insist that the principles of non-inter ference in the affairs of foreign countries, so loudly pro fessed by politicians of all parties, shall be carried into practice in the policy of our Government. During the whole of last year a fleet as formidable as that required by the Americans tc.4 watch over their commerce in all parts of the globe was maintained in the Tagus, out of the taxes of the British people, for the service of the conrt and Government of Portugal. At this moment we have as large a fleet in the Straits of Messina, engaged in an armed interference between the King of Naples and his Sicilian subjects, with no more interest or right on our part than the Govern meat of the United States would have to send a squadron off Holyhead, and assume the character of an armed mediator between England and Ireland. For three or four years we have had a fleet in the River Plate, interfering in the endless and inexplicable squab bles of the Monte Pickens and the Buenos Ayrians, and which has at last ended in a ridiculous failure. I would wish to see our Government spare the people this useless expense, by simply following the rule observed by individusls, of leaving other nations to settle their quarrels, and minding its own businrss better. I am also aware that any great reduction in our mili tary establishments must di pond upon a complete change in our colonial system; and I consider such a change to be the necessary consequence of our recent commercial policy. lam prepared to carry out logically the principle of free-trade in our future relationship with our colonies. Nay more, I always contemplated that the practical application of that principle would so simplify the question, th at i t wou ld not be possible after wards to continue the ruinous colonial expenditure which we have hitherto sustained. So long as protection was our ruling policy, the nation believed that the ex clusive trade with our colonies compensated us for the expenses of governing and guarding them. I did not, of course, share in that opinion; but there was consistency, if not wisdom, in those who did. But we have now de dared that, for all commercial purposes, they shall in future stand in precisely the same relationship towards us as foreign countries. For 70 years we have denied ourselves the right, by statute, to tax them for im perial purposes. Under these altered circumstances, as ill anybody be found, even among the Projectionists, ay, even Lord Stanhope himself, who is prepared to main tain that henceforth the only exclusive connexion we are to preserve with our colonies is the monopoly of the ex pense of governing and garrisoning them? Once let tisk m see that free trade is the irrevocable policy of the country, and the Protectionists themselves will join with me in demanding an exemption from thel:expense of the thirty or forty little armies which (exclusive of the troops in the merely military fortresses of Gibraltar, &c.) are maintained at the cost of this country in all parts of the globe ; together with the little army always afloat for the purpose, incredible as such folly may hereafter ap pear, of transporting reliefs of soldiers from England to serve as policemen for Englishmen at the Antipodes ! We have only to give to the colonists that whioh is their birthright—the control over their expenditure, and the administration of their own local affairs, and they will be willing, as they are perfectly able, to bear all the cost of their own civil and military- establishments. And, finally, I contend that we must endeavour to act at home more in secordance with the good old constitu tional pr;nciple of governing by the civil, and not the military, power. We are, I fear, tending towards too great a great a reliance upon soldiers, and too little on SUN OFFICE, Seven Clock. THE LONDON GAZEVIE. (Tills EVENING.) WAR OFFICE, DEC. 21. 10th Regiment Foot-Ensign. Charles Rowland Berkeley Calcott to be Lieutenant, without purchase, vice Baumgart ner, appointed to the 834 Foot; Gentleman Cadet Augustus Barton White, from the Royal Military College, to be En siga, vice Calcott, Dec. 22. 17th Foot-Gentleman Cadet George Tito Brice, from the Royal Military College, to be Ensign, vice Marsh, appointed to the 83d Foot, Dec. 22. 28th Foot-Lieutenant Edward Collins, from half-pay of the Regiment, to be Lieutenant, vice Cotton, appointed to 64th' Foot ; Ensign John Meacham to be Lieutenant, without purchase, vice Read, appointed to 83d Foot; Gentleman Cadet Vesev Truell, from Royal Military College, to be En sign, vice Meacham, Dee. 22. 334 Foot-Captain Thomas Bunbury Gough to be Major, without purchase, vice Galloway, promoted in 70th Foot ; Lieutenant Edward West by Donovan to be Captain, vice Gough ; Ensign J. Cochrane to be Lieutenant, vice Donovan ; Gentleman Cadet Alexander Bruce Wallis, from the Royal Military College, to be Ensign, vice Cochrane, Dec. 22. 34th Foot -James Edwund Clutterbuck, M.D., to be As sistant-Surgeon, vice Eaton, appoint e d t o 70th F oot, D ec. 2 :1. 55th Foot fieutenant Thomas Ryan, from half-pay 50th Foot, to be Lieutenant, vice James, appointed to 70th Foot; Gentleman Cadet William Barnston, from Royal Military College, to be Ens gn, vice Fairtlough, appointed to 70th Foot, Dec. 22. 56th Foot-Lieutenant George Leslie, from half pay 4th Foot, to be Lieutenant, vice Mainwaring, appointed to the 834 Foot, Dec. 22. 624 Foot-George O'Donnell, Gent., to be Enign , without purchase, vice Alceck, appointed to the 83d Foot, Dec. 22. 63d Foot-Gentleman Cadet John Dalbiac Luard, from the Royal Military College, to be Ensign, vice Penton, ap pointed to the 70th Foot, Dec. 22. 64th Toot-Major George Duberley, to be Lieutenant- Colonel, without purchase; Brevet Major James Draper, to be Major, vice Duberley; Lieutenant the Hon. James Lyon Browne, to be C a pt a i n , v i ce D raper; D ec. 22. To be Lieutenants, with purchase-Lieutenant Sydney Cotton, from the 28th Foot; Lieutenant Richard Charles APCre,a, from the 97th Foot; Lieutenant Matthew Fanning, from the Ist West India Regiment; Lieutenant George Hamilton Twemlow, from half-pay of the 4th Foot; Lieut. Arthur Edward Mulloy, from the 74th Foot; Lieut. Archi bald Edward Coch rams Forster, from half-pay of the 28th Foot ; Lieut. Doveton Downes Greentree, from Ceylon Rifle Re.gi ment ; Lieut. Charles Frederick Brockman, from the 76th Foot ; Lieut. Godfrey 'Lyon Knight, from Ceylon Rifle Re giment ; Lieut. Walter Johnson, from the 73d Foot ; Ensign John Henry C a p e l L o ft, v i ce Browne, Dec. 22. To be Ensig n , w ith ou t purchase-Frederick J. Hutchison, Gent., vice Loft, Dec. 22. To be Assistant - Surgeons-Assistant-Surgeon William Henry Short, from the Staff; Assistant-Surgeon Andrew Lieth Adams, M.D., from the 824 Foot, Dec. 22. 66th Foot--Lieutenant Charles William Aylmer, from half-pay of the 4th Foot, to be Lieutenant, vice Ellis, ap pointed to the 83d Foot, Dec. 22. 67th Foot-Lieut. John William Percy, from half pay of 4th Foot, to be Lieutenant, vice Mackenzie, appointed to 70th Foot; Lieut. Henry Sollers Gunning S. Knight, from half-pay of the 21st Foot, to be Lieutenant, vice M'Nair, ap pointed to 70th Foot, Dec. 22. 70th Foot-Major Thomas James Galloway, from 334 Foot, to be Lieut.-Colonel, without purchase, Dec. 22. To be Lieutenants, without purchsse-Lieutenant John M'Kenzie, from the 67th Foot ; Lieutenant Charles Alfred Poyntz James, from the 55th Foot; Lieutenant Paul Frederick de Quincy, from the 80th Foot; Lieutenant Attilio Scheberras, from the 80th Foot; Lieutenant George Augustus M•Nair, from the 67th Foot; Ensign Frederick Willington ; Ensign Charles Blewitt; Ensign Edward Wilson • Ensign Oates Joseph Travers; Ensign Charles Crawley, ' Dec. 22. To be Ensigns, without purchase-Quartermaster Charles James Perry, from the 4th Foot, vice Wellington; Ensign Augustus Penton, from the 63d Foot, vice Blewitt ; Ensign Edward D'Heillimer Fairtlough, from tne 55th Foot, vice Wilson; Gentleman Cadet Arthur Saltmarshe, from the Royal Military College, vice Travers; Gentleman Cadet Augustus Edward Henry Acze 1, from the Royal Military College, vice Ceawley, Dec. 22. To be Assistant Surgeons -Assistant-Surgeon Deodatus William Eaton, from the 34th Foot; Acting Assistant-Sur geon Christopher Bakewell Bee ano, Dec. 22. 73 Foot-Lientenant Robert Hole Walters, from the Cape Mounted Riflemen, to be Lieutenan t, vice Johnston, appointed to the 64th Foot, Dec. 21. 74th Foot-Lieutenant William King, from the Royal Canadian Rifle Regiment, to be Lieutenant, vice Mulle-pay, pointed to the•64th Foot, Dec. 22. 70,h Foot-Lieutenant Robert Hyde Page, from half-pay 50th Foot, to be Lieutenant, vice Brockman, appointed to the 64th Foot, Dec. 22. 80th Foot-Lieutenant Frederick Miller, from Ist West India Regiment, to be Lieutenant, vice de Quincey, ap pointed to:the 70 Foot; Lieutenant Charles Frederick Amid, from 3d West India Regiment, to be Lieutenant, vice Sche berras, appointed to 70th Foot, Dec. 22. 82d Foot-Ensign John Sprot. from the 83d Foot, to be Ensign, vice Richardson, appointed to the 83d Foot; Acting Assistant Surgton George Thomas Finlay, to be Assistant Surgeon, vice Adams, appointed to the 64th Foot, Dec. 22. 834 Foot -Major William Henry Law to be Lieutenant- Colonel, without purchase; Brevet Major Edward Townsend to be Major, vice Law; Lieutenant Septimus Alphonso Frederico Cary to be Captain, vice Townsend. Dee. 22. To be Lieutenants, without purchase-Lieutenant Samuel Read, from 28th Foot; Lieutenant Edward M. H. Mainwar ing, from 56th Foot; Lieut. Thomas ParkeriWright, from 2d West India Regt. ; Lieut. James VerlingEllis, from 66th Foot; Lieutenant Johri Norris M'Kelvey, from half-pay 4th Foot; Lieutenant John Mead, from the Ceylon Rifle Regiment; Lieutenant Movvbrav, Baugartner, from 10th Foot; Ensign William Kavanagh liookey ; Ensign William John Nunn; Ensign Stephen. William Metge; Ensign Herbert Stanley Cooper, vice Cary, Dec. 22. • To be Ensignee without purchase-Ensign Francis Henry Digby Marsh, from 17th Foot, vice Bookey ; Ensign Ussher William Aleock, from 62d Foot, vice Nun ; Ensign Marma duke Nelson Ri ehardson, from 82d Foot, vice Metge ; Gen tleman Cadet Thomas Roland, from the Royal Military Col lege, vice Cooper ; Gentleman Cadet Thomas Graham, from the Royal Military :College, vice Sprot, appointed to 824 Foot, Dec. 22. To bs Assistant-Surgeons - Assistant-Surgeon William Nettleton Boyce, from the Staff; Acting Assistant-Surgeon James Hamilton Bews, Dec. 22. 97th Foot-Lieutenant George Webb, from half-pay of the 21st Foot, to be Lieutenant, vice '3l‘Crea, appointed to the 64th Foot, Dec. 22. HosPITAL STAFF.-Acting Assistant-Surgeon Thomas Manners to be .Assstant-Surgeon teithe Forces, vioe Short, appointed to the 64th Foot; Grahame Auchtnleck, M.D., to be Assistant-Surgeon to the Forces, vice Boyce, appointed to ;he 83d Foot, Dec. 22. WAR-OFFICE, DEC. 21. Gth Dragoon Guards-Lieutenant Brent Neville, from 46th Foot, to be Lieutenant, vice Fredricks, who exchanges, Dec. 22. 3d Light Dragoons-Cornet Robert Hodgson, to be Lieu tenant, without purchase, vice H. W. White, deceased. 6th Dragoons --Captain Henry Dalrymple White to be Major, by purchase, vice Arkwright, who retires; Lieutenant Frederick Wellington John Fitz-Wygram to be Captain, by purchase, vice White; Lieotenant Henry William Walters, from 15th Foot,' no be Lieutenant, by purchase, vice Fitz- Wygram, Dec. 22. 12th Light Dragoons-Captain Edward. Morant to be Major, by purchase, vice the Hon. Robert Needham, who re tires; L.eut. Chanles Sabine Augustus Thellusson to be Cap tain, by purchase, vice Morant ; Cornet Frederick Arden to . be Lieutenant, by purchase, vice Tkellusson ; Assistant-Sur geon Robert Vill iers George, M.D., from the 69th Foot, to be Assistant-Surgeon, vice Gunning, deceased, Dec. 22. 17th Light Dragoons-Lieut. Edward Calvert Arneman Haworth to be Captain, by purchase, vice Miles who retires; Dornet Robert White to be Lieutenant, by purch ase , v i ce Haworth ; Augustus Frederick Cavendish Webb, Gent., to be Cornet, by purchase, vice White, Dec. 22. 2d Regiment of Foot-Staff Surgeon of the Second Class George Roghe Smith to be Surgeon, vice Harvey, ap pointed to the 76th Foot, Dec. 22. 16th Foot-Gentleman Cadet 'John Crosby Vaughan, from the Royal Military College, to be Ensign, without purchase, vice Baker, deceased, Dec. 22. 18th Foot-Assistant-Surgeon Frederick Burton Phillip who son, from exchanges, 34th Foo Dec. 22 be Assistapt-S urgeon, vice D'Arcy, . 20th Foot-Ensign Francis Padfield to be Adjutant, vice Tornson, who resigns the Adjutancy only, Dec. 22. 21st Foot-Captain Willoughby Harcourt Carter, from 64th Foot, to be Captain, vice Holland, who exchanges, Dec. 22. 27th Foot-Captain Lord Thomas Charles Pelham Clin ton, from half-pay Unattached, to be Captain, vice Charles Vereker, who exchanges; Lieutenant Oliver Langley to be Captain by purchase, vice Lord T. C. Pelham Clinton, who 224 Foot-Gentleman Cadet Henry Charles Frases, from the Royal Military College, to be Ensign, without purchase, vice Goodfellovr, whose removal from 10th Boot has been cancelled, Dec. 22. retires; Ensign William Archibald Kidd to be Lieutenant, by purchase, vice Langley; Sir James Lawrence Cotter, Bart. to be Ensign, by purchase, vice Kidd, Dec. 22. 28th Foot-Lieutenant Henry Robert Crew Godley, from 64th Foot, to tie Lieutenant, vice Morphy, who :exchanges, Dec. 22. 34th Foot-Staff Surgeon of the. Second Class William Denny, to be ' Surgeon, vice Bain, promoted on the Staff; Assistant-Surgeon O'Connor D'Arcee M.D , from 18th Fost, to be Assistant-Suegeon, vice Phillipson, who exchanges, Dec. 22. 40th Foot-Lieut.-Colonel Severus William Lynam Stret ton, from the 64th Foot, to be Lieut.-Colonel, vice Stopford, who exchanges; Assistant-Surgeon Joseph Burke, from the 50th Foot, to be Surgeon, vice Mapleton, appointed to the Staff, Dec. 22. 46th Foot - Lieutenant John Jestyn Williams Fredricks, from 6th Dragoon Guards, to be Lieutenant, vice Nerille, who exchanges, Dec. 22. 50th Foot-Acting Assistant - Surgeon Andrew Acres Stoney, to be Assistnnt-Surgeon, vice Burke, promoted in the 40th Foot, Dec. 22, X. Proprietors' capital.. 14,553,000 :est . • . •••. • • • 3,376,C83 'ublic deposits (in cluding Exchequer, Commissioners of National Debt, Sav ings-banks, and Di- vidend accounts).. 7,908,643 Other deposits ...... 9,249,619 Seven day and other 961,806 £36,052,786 Dated the 21st day of December, SOCIETY or ARTS..--The fifth ordinary meeting of this ociety was held on Wednesday. at their offices in Jobn-street, Adelpki—Mr. George Moffatt, M.P., Vice- President, in the chair. The minutes of the last meet ing having been restd, and a ballot taken for four new di, ectors, who were all unanimously elected, Dr. Bate man read a very ek , quent and interesting paper on the art of printing, tract ng its progress from the time it was discovered, with all its various improvements, tip to the present time. At tht , conclusion of the Learned Doctor's paper, Mr. Davenport (the assistant-sccretary) and other gentlemen illustrated the subject by describing various presses, types, speciamns of typogrttphy, &e., exhibited in the lecture-hall, and which had been supplied for the purpose by Messrs. Sliarwood and Co., Wilson and Co., Clymer and Co. Baker and Per kins, Levy, Robson, and Co., Figgins, Whit.ing, &c. The business of the meet trig was concluded by a cordial vote of thanks being given to Dr. Batetrinn for his communication. Sir George Grey has left town for his seat, Fallodon, Northumberland. 516,000 —,--- Total loss upon Customs EXCISE DUTIES. Malt—Duty abolished ... ... £4,260,000 Hops ••• ..• 416,000 Soap ••• ••• 850,000 Paper ••• 720,000 Total loss on Excise TAXES. _ _ Window-tax—abolished .. £1,610,000 Advertisement duty—abolished... 160,000 Total of taxes mtasures j cslculated to insuro the contentment of the , 57th Foot —Staff Surgeon of Sr.eond nqs Charles Alex - - by so many countries on the Col.tineut, wile'', so lately we saw-military despotism crumbling beneath the weight of its own intolerable costliness. And even if armed authority has everywhere resumed its sway, .has that solved the problem of their faiancial embarrassments? On the contrary, they have only entered again upon the more vicious circle, where enormous armaments lead to increased expenditure, to be met with augmented tuxes, which will be followed by-groaning discontent, and (nd as beterc, in convulsion. I cannot conclude without tendering you atd your fellow labourers my best thanks. By your t (forts to mitigate the pressure of unjust taxation, to remove. all obstac'es from the 'path of industry, and to widen the channels of foreign commerce, you a►e doing that which, more than armed regiments, will contribute to the sta bility- of our institutions, and the peace and prosperity of the courvry. It will be gratifying to me, if, in this too long letter, I have succeeded in rendering the slightest service to the cause in which you Ere embarked. My sole object has been to give a practical aim to your valuable efforts, so that at every step you take you may find yourselves nearer to a defined object, the attainment of which shall be some recompense for the labours of an agitation which, I trust, will become national; and I remain, dear Sir, faithfully yours, RICHARD COBDEN. • To Robertson Gladstone, Esq., President of the Liverpool Financial Reform Association BREVET. To be Lieutenant-Colonels in the Army—Major John Gar vock, of 61st Foot ; Major Frederick Eld, of 90th Foot Major Sidney Beckwith, of the Rifle Brigade, Dec. 22. To be Majors in the Army—Captain John Homy Bring. burst of the 90th Foot • Captain George Anth on y L ea t on Blenkinsopp, of the 45th Rot • Captain John Arm s trong, u the Capa ounted Riflemen, Dec. 22. BREVET. HOSPITAL STMT.—lnspector General of Hospitals, with loOal rank, John Davy, M.D., to be Inspector General of Hospitals; Deputy Inspector General of Hospitals Alex ander Stewart, M.D., to be Inspector General of Hospitals in the Windward and Leeward Islands only, vice John Davy, 111. ' who retires upon half-pay, Dec. 22. Staff Surgeon of the First Glass Wildam Munro to be De puty Inspector of Hospitals, vice Stewart; Surgeon William Bain, M.D., from the 34th Foot, to be Staff Stirgeon, of the First Clas, vice Munro. Surgeon Henry Pilleau, from 70th Foot, to be Staff•Sur. geon of Second Class, vice Thomas Lewis, M.D., who retires on half-pay, Dec. 22'. Surgeon Henry Mapleton, M.D., from 40th Foot, to Le Staff Surgeon of Second Clas, vice Gordon, appointed to 57: li Foot, Dec. 22. Staff-Assistant Surgeon James Alexander Fraser, M.D., to be Staff Surgeon of the Second Class, vice Smith, appointed to the 2d Foot, Dec.. 22. Staff Assistant-Surgeon Sandford M'Vittie Lloyd, M.D. to be Staff Surgeon of the Second Class, vice Daupy, ap. pointed to 34th Foot, Dec. 22. Acticg Assistant-Surgeon Nicolson Coffin Mackenzie ; to be Assistant-burgeon to the Forces. vice Fraser, Dec. 22, Joseph Farmer Matthew, Gent., to be Assistant-Surgeon to the Forces, vice Lloyd, Dec 22. AIEMORANDU n —Assistant-Surgeon to the Forces William Sniellie Johnstone, M.D., has been permitted to resign his commission, Mc. 1. Commissions by the Lord Lieutenant of Denbighshire. Royal Denbigh Rifle Regimen t o f Militia—Second Lieut. tenant Richard Ambrose Price t;) be First Lieutenant, vice Brownlow Wynne WyLne, resigned; Hugh Robert Hughes, Gent., to be Second Lieutenant, vice Price, promoted. Commissions by the Lord-Lieutenant and sheriff Principal of the County of Ayr. Ayrshire Regiment of Yeomanry Cavalry—Lieutenan, Thomas Smith Cunninghame to be Captain fof a troop, vice Charles Limb, resigned, Dec. 18; Cornet Archibald Cull ninghame to be .Lieutenaut, vice Thomas Smith Cucning hame, promoted. WHITEHALL, DEC. 15. anoireezo The Lord Chancellor has appointed Thomas Pittard Dag shaw, cf Manchester, in the County Palatine of Lancaster, Gent., to be a Master Extraordinary in the High Court of Chancery. WHITEHALL, DEC. 18. The Lord Chancellor has appointed Frank Cavendish Ward, of Prescott, in the County Palatine of Lancaster, Gent., to be a Master Extraordinary in the High Court of Chancery. BANKRUPTCIES SUPERSEDED. ,William Norton, ironmonger, Penzance, Cornwall. Richard Walker Opens Law, wine and spirit merchant, Birkenhead. John Edmondson, miller, Warrington, Lancashire; BANKRUPTS. Samuel John Thomas, surgeon, London-road, Southwark. James Hobson and Charles Hobson, stone masons, Wal tham Abbey, Essex, and Enfi e ld, Middlesex. Duke Paine, auctioneer, Worthing, Sussex. Edmund Millward, coach builder, Peterborough. George Joseph Gladstone, shipwright, Poplar, Middlesex. George Bolton, licensed victualler, Audley_street, Grosve nor-square. Joel Boulton, baker, Tooley- street, Southwark. Charles Williamson, starch manufacturer, Manchester. John Watson, Burton, George Cotman, and William Smith, manufacturers, Manchester. John Hall, timber merchant, Shrewsbury. John Hall, jun., timber merchant, Shrewsbury. John Ransford, coal porter, Leamington Priors. John Scott, jeweller, Devonport. Joseph Jackson, jun., miller, Walsall, Staffordshire. Thomas Hill, builder, Redditcb, Worcestershire. PRICE OF SUGAR. The average price of Brown or Muscovado Sugar, computed from the returns made in the week ending December 19 1848, is 21s. 11 , 4 d. per cwt. MARKET IN TELLIGENCE. (From the London New Price Current of Dec. 22.) SUGAR.—To. day there vas firmness in the market for West India Sugar, and a good business was concluded both by grocers and refiners at fully former rates. The sales amounted to 450 hhds and trcs, making 2,259 f ur the week, and pric es generally close 6J p,r cwt above those of this day week. The market closed this after neon for the holidays, and will remiun so until the 2d of January, 1849. MAURITIUS. —This afternoon the demand for Manri tius Sugar was good, and 1,093 bags at auction sold at stiffer rates. There was fair sprit in the biddings. FART INDIA. —This afternoon the public salts of Ben gal comprised 2,918 bags 162 cases ; they Went off with lair spirit, and at full rates, and nearly the whole sold. FO REIGN.—To-day, at public sale, 90 cases Bahia Sugar were sold at stiff rates; low to good damaged white 37s 6d to 39s 6d, and yellow 35s to 37s per cwt. MOLASSES.—West India has been in better demand we-ek, but at present better prices are not qo be ob tained—low to fine quality selling at 14s to 17s 6d r cwt. Ous.—To-day a public sale of 90 tons of Palm Oil sold at 293 to 30s, ord 27s 9d. Ccocoa Nut is little wanted, and 46 casks were taken in at 34s to 375. Cocon:— This afternoon Cocoa was not in brisker demand, and 406 bags Bahia at auction sold at lower rates. TALLOW.—This afternoon the market was quiet, and 43s to 4','s 3d are the rates paid on the spot for fine P. Y. C. At auction 593 casks New South Wales were sold at 39s to 42s 3d, very ord 36s 3d to 38s 9d; 363 pkgs South American 403 to 42s 3d. COFFEE.--This afternoon a public sale of 9G3 bags Planta. tion Ceylon'Coffee went with animdicii at higher rates, Mocha is wanted, and 76 bales went at stiff rates. The va. lue of good ordinary sound Native is 30s to 30s 6d per cwt, with a firm market. BANK OF ENGLAND. (From this night's Gazette.) An Account, pursuant to the Act 7th and fith of Victoria, cap. 32, fof the Week ending on Saturday, the ICtir day of December, 1848. ISSUE DEPARTMENT. notes i55ued.... .. .. 27,952,125 Government debt .. 11,015,100 Other securities •• • • 2,984.900 Gold coin and bullion 13,474,216 Silver bullioß •• • • 507,509 427,982.125 M. MARSHALL, ChiefCashierl2s. Dated the 21st day of December, 1848. BANKING DEPAITMEN T. Government securi z. - ties (including Dead Weight Annuity).. 1:3,329,012 'Other securities .. • • 10,669,617 Notes •.••••• . • • . • • • 11,216,•110 Gold and silver coin.. 807,747 £36,052,786 M. MARSHALL, Chief Cashier. 7. 1848. i-;,;t, at :sd:iltara Cu..cge t to U., vice Delhoste, promoted, Dec. 22. 64th Foot—Lieutenant Colonel James Stopford, from the 40th Foot, to be Lieutenant-Colonel, vice Stretton, who ex changes; Captain Frederick Holland, from 21st P, ot, to be Captain, vice Carter, who exchanges; Lieutenant William Fletcher James Morphy, from 28th Fo3t, to be Lieutenant, vice Godley, who exchanges, Dec. 22. 65th Foot—Thomas George Strange, Gent , to be Ensign, by purchase, vice Dudgeon, promoted i n th e 80 t h Foot Dec. 22. , williou7, j urcuase, 60th Foot —William Watson Somerville. M.D., to be As sistant-Lurgeon, vice George, appointed to the 12th Light Dragoons, Dec, ,22. 70th Foot—Surgeon William Harvey, from the 2d Foa, to be Surgeon, vice Pilleau, appointed to the Staff; Dec. 22. 7lst Foot—Captain Nathaniel Massey Stack to heiMajor, by purchase, vice Foy, who retires; Lieutenant Charles William Sutton to be Captain, by purchase, vice Stack; Ensign John Rochfort Urii..cke to be Lieutenant by pur chase, vice Sutton; Charles Rennerhassett, Gent., to be Ensign by purchase, vice Unia, ke, Dec. 22. 76th Foot. —Lieutenant John Richard Lovett, from half-pay 4th Foot, to be Lieutenant, vice Minmitt, ap pointed to the Royal Canadian Rifle Regiment, Dec. 22. 80th Foot—Lieutenant Edward Ilardinge to be Captain, by purchase, vice Creagh, who retires; Ensign James John Dudgeon, from the 65th Foot, to be Lieutenant, by purchase, vice Hardinge, Dec. 22. 82d Foot—Lieutenant William Robert Farmar, from half pay 50th Foot, to be Lieutenant, vice Bernard, appointed Paymaster, Dec. 22. :;6th Foot—Lieutenant Patrick James John Grant, front 3d West India Regiment, to be Lieutenant, vice Swabey, whose appointment has been cancelled, Dec. 22. Rifle Brigade—Li eutenant Al b ert de Latour to be Captain, without purchase, vice Murray, died of hi; wounds, Aug. 31 ; Lieutenant Aubrey Agar Cartwright to be Captain, by pur chase, vice Ramsay, who retires; Second Lieutenant George Henry. William Walker to be First Lieutenant, by purchase, vice Cartwright; William Thomas Markham, Gent., to be Si!c;nd-Lieutenant, by purchase, vice Walker; Gentleman Cadet Ilngh Gahm Macdonell, from Royal Military College, to be Second Lieutenant, without purchase, Dec. 22. Royal Canadia'n Rifle Regiment_Lieutenant John Chris topher Minnitt, frail the ;6th Foot, to be Lieutenant, vice Black, promoted, Dec. 22. Depot Battalion (Isle of Wight)—Lieutenant-Coli nel Je remiah Taylor, from half-pay unattached, to be Lieutenant- Colonel, vice Holman Custauce, who exchanges, receiving the difference, Dec. 22. Lieutenant-Colonel Jeremiah Taylor, of the Depot Bat talion (Isle of Wight), to be Colonel in the Army, Nov. 23, 1841. The under-mentioned Cadets of the Hon. the East India Company's Service to have the local and temporary rank of Ensign, during the period of their being placed under the command of Lieutenant- Colonel Sir Frederick Smith, of the Royal Engineers, at Chatham,for Field Instructions in the art of Sapping and Mining: James John M'Leod Innes, Gent.; Edmund Walker, Gent. ; George Tomkyns, Chesney, Gent.; Alexander Davids on , G en t .; J o h n Archibald Ballard, Gent., Dec. 22.3 THE COUNTRY MAPKF,TS. RAILWAY 811A1 E MARK ETS BRISTOL, DEc. 21. STOCK EXCHANGE. —The share market was stea 4-, though not quite so firm as yesterday. Great Western. , Quarters, were done at 4!4 dis. —Ditto, 171. Shares, 3 d is.—North Staffordshire, 5 1 1 dis. LIVERPOOL, DEC. 21. STOCIE EXCHANGE.-The sales rre- Birkenhe t€i, Lanca. shire, and Cheshire (late C. and B.), 27/. 10t , . S k:ares, 15 3 4 -Eastern Counties) 12%-Lancashire and York shire (late Manchester and Birmingham), Fifths, 41. ls. 3d. London and North-Western, 121-Ditto, Quarts rs, 1 P.- Manchester, Sheffield, and Lincolnshire, Eight hs, 674 :dis. Ditto, 101. Preference, 101. As. 3d.-Ditto, 201. E hares, 114 dis. - Ditto, Quarters, 7 dis.-Midland Stock, 82- Ditto, New Halves, 9 4 die. •- South-E as t ern an d D over, No .4, Thirds, 71. lr. 3d. dis. - York, Newcastle, and Berwick ( N. and B. Extension), No. 2, 2 dis. MANCHESTER, DEC. 21. STOCK EXCHANGE..-The sales are-Caledoni an, Prefer ence, 3.16 p.-Great Northern, 4% c.-North-` Western, 9 dis.-South-Easteru and Dover, No. 4, 7%-/ Forth Staf fordshire, 5 7-1 C dis.-Kendal and Windermere, 4 lii-Leettir Fifths, 3% dis.-Ditto, Quarters, 6. BIRMINGHAM, DEC. 21. STOCK EXCHANGIt.- There was a considerabi amount of business transacted to-day, and prices remained flan. Th s sales are-Caledonian, 2 0'43-Lancashire and Yorl cshire, NOW guaranteed 6 per cent, p.-North British, TI sire* 41 -- North Staffordshire, 5/. lle. 3d. dis.-Shrewsbur ) and i" mingham (A), W. les. 3d. di s .-Ditt o , Preferen, se, % P P- Shropshire Union, 3 dis. YORK, DEC. 20. STOCK EXCHANGE. —The business transacted to -day was as follows :—Great Northern, 7% —North Britisl - Q ua rters, c.—York, Newcastle, arld Berwick (Extens iou), G• E. Purchase, 7. GLASGOW, DEC. 20. Srocx ExcHANGE.—The sales are—Glasgo• IV Ge neral Terminus, lo—Glasgow, Kilmarnock, and Ayr, 4: Halves, No. 1, 5 — Glasgow and Gre enoc k, Hal ves t 714-- Ditto, Preference, G —.Great Northern, B%—r lanches ter d „R Sheffield, and Li nco l ns hi re, Preference, 10%- -Monklan ailway, 57%—Scottish Central, 264. r —Ditto, [ADvEans Em C T.:I --fudigestion—that Pare nt -° f so many diseases—may be cfft.ctually cured 'y the 111 of the c e l e b rate d V egeta b le Restorative Pills, .prepare d by J. hn Kaye, of Dalton-hall, near Iluddersti aid. T his assertion is not based upon mere opinion or robabiliti) but upon facts. Jonathan Good, tailor, of r 'inchester c i suffered for y ears f rom indigestion, he was rec )113n3ende to try Kaye's Worsdell's Pills, and as the res? tlt, he has enjoyed better health than for years before.— Mr. James Noble, of Brampton, Cumberland, writes,— wife was for a long time troubled with pains in th, ) stomach, loss of appetite, sickness, and general debilit , r; she was fully restored to health by taking one small b. )x of these Pills." Mrs. Wi., of Ewelme, Wallingford, vrtiting t 0 Mr. C. J. Vennimore, says, —"I believe K aye's Pills saved my lif e l ast summer, when I was attack :ed by the cholera." "Ellen E gg l es t one , Feling-bri ige, near Bishop Auckland, was affected with disease of the bowels for two years, but was re s t ore d t o perfect heal th by tak ing one box of Kaye's Worsdell's Pills." Every one suffering from Bile, Flatulency, or Indigestion, is earnestly recommended to give these Pills a trial. St e that Mr. Kaye' s cuat of arms and a fac-simile of his signature are printed on t h e d i rections for use wrap ped round each box, as without thi s none are genuine. ; Sold by 01' .bledicine Venders, p r i ce I s. lid. ;2s. 9d.; or 4.5. . 6 u ,, • per laDx. We are authorised to state that Louis P given up his intention of visiting Brighton The Marquis of Bristol bad made an offer of in Kemp Town, but the ex-King, fearing tha not be quite so retired here as he could wish, on declining the offer of the Noble Marquis, wished much to have resided here for a time, of the ex Queen's health.—Brighton Gazeete. ailippe has it present• his bog s° t he !night ins decided though he on account . • t.a......7._. BIRTH& On the 13th ult., at Wheelock-house, in tLe Chester, the wife of W. Roytance Court, Esq., of On the 2d inst., in Dorset-place, Dorset-square, J. F. Elmslie, Esq., of a son. On the 17th inst., at Cheshunt, the wife 'of i Jefsopp, Hon. East India Company's Service, of : On the 19th inst., at Glocester-lodge, Hendon, R. C. Yarborough, Esq., of a son. i county of daughter• the lady of the Rev. J. L son. ~ the lady 01 At Quilon, on the 18th of October, Lieuten Gardner Boulcott, to Mary, youngest daughter of . Colonel Taylor. On the 13th inst., at George-street, Edinburg7 Fawkes, Esq., of Chester-square, to Graham, eld ing daughter of Thomas Maitland, Esq., of I M.P., Solicitor-General for Scotland. On the 19th inst., at St. James's, Norland, Mr. ton, to Miss Emmeline Montague. On the th inst. at St. Leonard's, Heston, Garland, of Walwortb, to Christiana Ann, eldc of J. Sleigenberger, Esq., of Heston, Middlesex. On the 20th inst., at Fulham Church, Mr. C. Y. to Anna Jane, eldest daughter of Matthew Thon of Stamford-villas, Fulham-road. i n e t u C t eh:Lite! t it, Alfred T• est surv►v iundrennan, H. Comp' Mr. lien/ at daughter Robot boa Epson, Esq' WED. At Meerut, on the 18th of October, aged 19, C Henry Hill, sth Bengal Light Cavalry, son of Esq., Sussex-square, Hyde -park. On the 7th inst., at Caroline-place, Fulham-rc Cameron, of Manchester, merchant, aged 35. On the 14th inst., Peter Auher, Esq., ad 58. On the 17th i nst., at Newcastle, Ireland, ge aged Jules Isbam Routh, 23d Royal Welch Fusileers. At East Cosham-house Hants, on th e 17 t h Ellen, the reli c t o f the late'Admiral Paterson, ag Oa the 18th inst., at Hartford, Penelope, widm int, Esq., aged 77. 'a the 19th inst., at Brighton, John Gordon I ,•ly Major of the 50th Regiment, aged 87. met David David Ili ad, William 26, Captain inst., Jane ed 76. r of Richard forni iaven, Esq•► London Printed and Published by MURDO No. 112, Strand, Printer, ,at The Sun Oa Strand, in the Precinct of the Savoy, in ti Middlesex, Friday, December 22, 1848. YOUNG, o f Pe, No. 112, C 0 cooly of a. al od 1.10 pl'Ogri;,S cuntd be mr.cle in sales until a decline of 2s. or 3s per quarter was submitted to. We had a moderate show of oats and beans, and both were the turn cheaper. Wheat, red, 38s to 445; white, 475; oats, 13s to 225; beans, new, 003 to 00s; old, 375 to 4113 per quarter. Return of corn for the week ending Dec. 16—Wheat 2,941 qrs, 6,520. 8s 9d (aver. 44s 4 :); _barley, 71 qrs 4 bush, 961 19s 6d (aver. 27s 1d); oats 1,411 qrs, 1,1031 Ils 6d (aver. 153 7o); bum:, 50 qrs, 741 12s (aver. 29s 10(i); peas, 7 5 qr . :, 15:3/ 161 (aver. 41s). SPALDING, DEC. 19.—Our trade for wheat has been extremely languid; the little business dona to-day was at a decline of Is to 2s. Only the needy and the nervous culd sell at the abatement. One or two merchants seemed disposed to take advantage of this opportunity to pick up the cheap lots, but their operations were not extensive. Wheat, red, list, 38s to 425; 17ist, 41s to 435; 18st, 43s to 455; w bite is higher. We had only a small show of eats, and they sold at the prices of last market day. Beans without alteration. Itf turn of sales for the week ending this day — Wheat,;l,3l9 qrs, 42s 9d; oats, 889 qrs., 15 sd; beans, 76 qrs, 37s 4d. MARKET HASEN, DEC. 19.—Our market to-day may still be quoted on somewhat lower terms than last week in all kinds of grain. Return offsales up to lsaturday last—Wheat, 396 qrs, 3491 9s 6d (aver. 47s 11-1 d); barley, 166 qrs, 215/ 14s (aver. 25s Hid) ; oats, 4 3 qrs, 36/ 16$ (aver. 17s 10). LOUTH, Drc. 20.—The corn market to- day was with out lite, asd the bu. , iness dale was trivial, the farmers not being willing to submit to the reduet:en which buyers reprised. Prices for all articles may be called lower, say wheat 2s, end beaus, barley, and oats each is per quarter. Wheat, 38s to 455; burley, 25s to 291; oats, 15s to 18s; beans 34s to 39s per qr. Seconds flour 2s per stone. NEWARK, DEC. 2 0.—There was a large attendance of sellers of grain at marks to-day, but the wheat and barley consisted of that of second qualities principally. The millers and tnaltsters purchased very sparingly at de cline in fine new wheat of full Is per quarter, in second qualities 2s to 3s. Fine malting barleys were. readily purchased at, is, and ordinary qualities and grinding at 2s to 3s per qnarter lower than last week. Even at the decline noted there was little disposition on the part of the buyers to increase their stocks. Beans, peas, and oats were each is per quarter cheaper, and at this de el ne very little was passing.—Wheat, white, 4 9s to 525, red 46s t 0.505; barley, malting 30s to 321; grinding 263 to 28s; beans, 40s to 435; sa as, white 42s to 4445; oats, new 16s to 21s, old 26s to 30s; Tares 56s to 6 Os; Malt 56s to 58s per qr. EDINBURGH, DEC.2O.—The quantity of w heat brought forward to-day was 797 qrs.. bf ing 106 qrs. mic re than last week. Top price down 6s, but the average up -195 qrs. unsold. The quantity of barley brought; forward was 1,872 qrs., being 552 qrs. more than last weak. Price on the top up 6d, and the aver,ge 20 up-499 qrs. un sold. Or oats we had 892 qrs. brought forwar.i, or 232 qrs. less than last week.- Top-price Is 4d down.. and the average 6d up -77 qrs unsold. The quantity of beans to-day was 134 qrs., or 35 qrs. less than last week. Prices on the top is, and the average 3s 5d up----45 qrs. unsold. Top of Wheat ... 64i1b. 55s Od Barley ••• 58i1b. .355 6(1 Oats 44 lb. 22s 8d „ Beaus ..• 65 lb. 36s Od EDINBURGH CATTLE MARKET, DEC. 20.—T1Se supply of cattle this morning was 416, being 2 more than last week. Sales again very dull, and prices low 'er. Top price 7s 9el per Dutch stone; current, 7s to 7s 6d; mid dling and inferior, 5s 6d to Gs 6d. A col tsiderable number unsold. The supply of sheep this mot ring was 2,083, being 163 less than last week. Sales were .exceed' ingly dull, and at the close of the market fully -unc-half unsold; prices being down. Top of best mut! to n, 514 current, 4d to sd; middling and inferior, fic.n a . 30 to 4d per lb. DuNnan, DEC. 19.—Wheat, weighing 64ilbs ~ brought 545, and prices to 403; barley, weighing 5511bs brought 295, and pm ice s t o 23 s 9d ; oats, weighing 43-1-lbs brought 21s, and prices to 17s 61; beans and peas, weighing 6.541b5., brought 32s 0:1, and prices to 28. Uonx, DEC. 20.—Flour—First quality, 16 to 179; second ditto, 14s 6d to 15s 6d; household, 11ss to 14s; third ditto, 9s to 103 per cwt. Oatmeal, 12s to 1"..13 6d per c'st. Indian corn, 8/ 10s to 8/15s; Indian, me a'4. 91 Os to 9/ 5s per ten. Bran, 4/ 5, to Si 5s per n n.. flay- - FArmers', 35s to 453 ; average, 42s ; retai t , 42s to 49s per ton; old hay, 45s to 60s per ton. s ; gm mess', 12s to 275; average, 225; retailers', s tia to 3 03 per ton. Whisky, at the Distillery, 25 of mu- proof, 6,3 d per imperial gallon. Bread, 6d to 8d per 41139. Fresh butter, 10d to lld per lb. Beet, 3d to f6d; mut ton, 3d to 5d ; veal, 3d to 4d; pork, Si to 7d 1 bacon, bid to 9d; sausages, 5d per lb. Cos Is —New' port, 17s; Lydriey, 183. Wm, 16s per ton. E'otatoes, white, 10d to 14d; Minions, 20d. hides—Ma rket ditto, 11 s to 17s; salted ditto, 12a to 17s per cwt; mar ket skins, 2d to 20; calf ditto, 2:1 to 2,id; veal skins, 3 d to 3 0 per lb. Tar—Archangel, 18s per bl. Timber --Quebec red pine, 3/ 15s; yellow ditto, 34 deal, 17/ to. 20/per hundred ; Bangor Queens, 3/ 2s 6d per ton. Scotch herrings,l9s to 20s per barrel; Norway ditto, 0 , )s. New' foundland dry cod fish, 11/ to 121 lOs per ton. Tallow, 475. Wool, lOs to 125 per stone. ~~~ ~ ~ ~ MIMI EVENING, DECEMBER 22, lB4B. I