The Sun. — London, England, 1870-02-17 00:00:00

"THE AiTAItEL OFT PIiOCLAWS MAN." BEST MATERIALS, BEST STYLES BEST WORKMANSHIP, and LOWEST PRICES, at E. MOSES and SON'S. Every description of Clothing•ready-made or made to measure, f3r all ages, all occa sions, and all classes, at E. MOSES and SON'S. irriTrAnsa assortment of WINTER CLOTHING, in all the newest designs and materials, at E. MOSES and SON'S. OVERCOATS from 19w. to £5. BOY'S OVERCOATS from 10s. 6(1. to 455. For the convenience of Ladies accom panying their Sons there is a separate de partment for Boys' Clothing, and it is fur nished with a splendid assortment of Suits, Overcoats, and Clothing for all occasions, including all the favourite designs and the most fashionable materials. Orders by Post are attended to with care and punctuality, and the easy and accurate system of self-measure introduced by E. MOSES and SON enables them to guarantee a faultless flt. Any article not worn or injured will be exchanged, or, if desired, the money will bo returned. All Goods are marked in Plain Figures, from which no abatement can be made. The Stock of Hosiery and Drapery, Hats mi Caps, and Boots and Shoes, is un 3qualled for magnitude, variety, and cheap- ness. A very large assortment of BLANKETS, from ss. 4d. the pair. Complete Outfits for all Climates, with every requisite for the voyage. List of Prices, with Rules for Self-mea sure, Patterns, and Fashion-sheet, gratis and post-free. E. MOSES and SON'S Establishments are closed every Friday evening at sunset till Saturday evening at sunset, when business is resumed until eleven o'clock. E. MOSES and SON, Ready-made and Be spoke Tailors, Habitmakers, Woollendrapers, Hatters, Hosiers, Boot and Shoe Manufac turers, and General Outfitter for all Classes. Tile following are the only addresses of E. MOSES and SON:— LONDOn CORNER OF 3IINORIES AND ALDGATE. NEW OXFORD-STREET, CORNER OF HART-STREET. CORNER OF TOTTENHAM-COURT-ROAD AND EUSTON. ROAD. Country Branch: BRADFORD, YORKSHIRE. HOOPER'S TELEGRAPH WORKS (Limited). Incorporated under the Companies' Acts, 1862 and 1867. Capital—.£2so,ooo in 25,000 shares of £lO each, payable as follows: Li per share on applicatio n . £2 „ „ allotment. £2 „ „ Ist April, 1870. £2 „ „ Ist June, 1870. £3 „ „ Ist August, 1870. DIRECTORS. John M. Dunlop, Esq. Hon. L. Agar-Ellis, M.P. C. Seymour Grenfell, Esq. William Hooper, Esq., Managing Director. Frederic Lubbock, Esq. Admiral Sir William Wiseman, Bart. RANKERS. Messrs. Robs rts, Lubbock, and Co. Bank of Scotland (Edinburgh and Branches). SOLICITORS. Messrs. Ashurst, Morris, and Co. Temporary Offices—No. 114, Gresham House, Old Broad-street, E.C. This Company has been formed to take over and extend the w 11 known works of Mr. William Hooper, for the manufacture of indiarubber core for telegraphic purposes, and to add thereto the business of covering the core for submarine cables, and submerging and maintaining the same, whereby the Company will be enabl,:d to execute the largest contracts for the manufacture of submarine and land telegraphs. - The value of Mr. Hooper's process for the manufacture of core is now fully recognised. He has successfully carried on his present business, and, with a comparatively small capital, has made very large profits, sufficient to ensure out of that branch of the business alone a handsome return on the whole capital cf the company ; and, when the other branches have been added, it is but fair to conclude that the profits of this undertaking will favourably compare with those of the existing companies. Mr. Hooper has already manufactured, according to his process, the cores for the following cat-les, all of which aro in perfect working order, viz.:—Ceylon to the mainland of India, the Persian Gulf cable, laid last year by the Indian Government ; England to Denmark, Danish- Russian cable (one section), Scotland to Norway, Sweden to Russia, be sides upwards of 500 miles laid in various parts of India, Brazil, Australia, dm Mr. Latimer Clark, while engaged as engineer and elec trician to the Indian Government, in a letter addressed to Mr. Hooper from Bombay so recently as the faith October, 1869, says, in reference to a cable submerged in the Persian Gulf:—" We have been examining, and I am bringing home a specimen, of the very first sample of core which you sent out in 1863 to the Persian Gulf, and which has had no special care taken of it; it is as perfect as when it first left England, and can in no way be distinguished from a new sample fresh cut of the factory." The Company, while posiessed of the exclusive right to use Mr. Ilooper's process for the manufacture of india rubber core, will be prepared also to contract fur cables with gutta perch,' core. Mr. Hooper has contracted wilt the Great NO:there Telegraph China and Japan Extension Company for the manufacture of their cables, 2,300 miles in length, for £396,000, and it is one of the terms of the agreement be tween Mr. peeper and the Company that two-thirds of all profits from this contract slut!' belong to this Com pany, which will thus enter on actual and highly remune rative operations at once. Mr. Hooper has already made considerable progress with this contract. Mr. Hooper's works at Mitcham, which are capable of executing large contracts for core, will be taken over for £65,000. Mr. Hooper's consideration for patents and goodwill will he entirely contingent on the success of the Company, and consists of one half of the net profits of each year after i per cent. per annum has first been paid to the shareholders. At the end of 10 years the whole of the profits will accrue to the Company. Copies of the articles of association and of the agree ment with Mr. Hooper can be seen at the offices of the solicitors of the Company. Applications for shares in the form annexed, accom panied by a deposit of .£1 per share, can be left with the bankers of the Company. Deposits will be received at any of the branches of the Bank of Scotland. If no allotment is made the deposit will lie returned iu full. The following is a copy of the Memorandum of Asso ciation:— 1. The name of tbe Company is " Hooper's Telegraph Works (Limited)." '2. The registered office . of the Company will be situate n England. 3. The objects for which the Company is established (1) The acquisition of gain by the Company by the constructing, manufacturing, laying down, work ing, maintaining, repairing, and keeping in effi cient working order, submarine, and land tele graphs, and telegraph cables and wires, together with and including every erection' and thing re quisite for complete telegraphic systems of com munication either by sea or land ; and also by the purchase, importation, manufacture, and sale of all materials, articles, and things, in any way used in or connected with, or considered necessary or desirable for constructing, manufacturing, laying down, working, maintaining, repairing, and keeping in efficient working order any such tele graphs. The acquisition of the business for insulating telegraph wire, and the leasehold premises, plant, stock, and trade effects used in connection there with, helonginc , to and heretofore carried on by Mr. William Hooper, of Mitcham in Surrey, in cluding the goodwill therejf, and his interest in all or any contracts, patents, concessions, licenses, and inventions—English or foreign - and the con tinuing and carrying on the said business. The acquisition, by purchase or otherwise, of any other buildings, machinery, works, houses, lands, businesses, of a similar nature to that of the Company, plant, effects, or property —real or personal- a n d o f whatsoever tenure or any in terest therein respectively which are or may be useful or desirable for the objects firstly and se condly hereinbefore stated, or any of them. ) The acquisition, by purchase or otherwise, of all such other concessions, grants, privileges, licences, English al. d foreign letters patent, and contracts, or any interest therein respectively, as may be useful or desirable for the objects firstly and se condly above stated, or any of them, and the doing of all such other things as are incidental or condu cive to the attainment of the above objects. 2. The liability of the members is limited. o. The capital of the Company is £250,000, divided into 5,000 shares of £lO each. The following contract has been entered into :—" 14th February, 1870. Agreement made between Willi am H ooper of the one part, and Hoopet's Telegraph Works (Limited) of the other part." HOOPER'S TELEGRAPH WORKS (Limited). FOliM OF APPLICATION. (To be retained by the Bankers.) To the Dire tors of Hoop! 's Telegraph Works (Limited) Gentlemen,—flaviug paid to your bankers the sum of . . being a deposit of £1 per share, l request that y‘u will allot me shares of £lO each in your Company, upon the terms of the r rc spectus and memorandu m and articles of association ; and I hereby agree to accept the ra - dues, or any smaller number which von May all ot 11,e, and to 'mike t.e par went of .£2 per share on allot nt,and to I , eccm,a ':umber Of the Company, and I J.qta st ycv, io place my name on tho register of members .2 cap rt M the shar,s which may bo allotted to me.—l stn, grA•i:enwn, yi , or obtilient Nance in full Address iu IL!e February, 1670. NOTHING IMPOSSIBLE. GUA. ANIARELLA restores the Human Hair to lie pristino huo, no mattor at what age. JNO. GOSNELL and CO. have at length, with the aid of one of the most eminent Chemists, succeeded in perfect ing this wonr. 'Hui liquid. It is now offered to the public a more concentrated form, and at a lower price. Sold in bottles, 3s. each ; also 55., 7s. 6d., and 15s. each, including brush. Red Bull Wharf, Angel passsago, 93, Upper Thames dreet London. E.C. Til EA I'RE RO YAI„ I) It U Itl -LANE. So'e Lessee and Matutgc•r. Mr. F. i. f...lhatt.rton. EVC.IN:Nti ' at Mcmiirs I'. C King. 3 . NOVEIC, M lntyre, Moreland; Misses Edith Stuart and R. Vckes. Art , r which, at P, I',EATITY AND THE BEAST ; or, OLD TTOTII.I , ;ti I;UNG'i!: Misses Jessie Vckes, Victoria Voles, and Vokes, Meshrs. Fred. Yokes, W. F. Yokes, Brittain Wright, and Efsrry Boleno. I.IIEATRE RO IA L, A R KET. Sole Lessee, Mr. Bueksttme. THIS EVENING, at 7, A KISS IN THE DARK. After which, at 20 minutes to 8, ()UR AMERICAN COUSIN; Characters by Mr Sothern, Mr. Buckstnne, Mr Chippendale,- Mr ll•aid, Mr Rogers; Mrs Chippendale, Miss F. Wright, bliss F. Owynne, Miss C. Hill, &c. COnchiding with DEAF AS A POST: Mr Compton and Mrs E. Fitzwilliam. Box-office open daily from Ten till Five. r IIEATRE RuYAL, ADELPtiI. A. Sole Proprietor and Manager, Mr. B. WEBSTER THIS EVENING, at 7 o'clock, OPEN N. Messrs. G. Belmore. J. D. Beveridge, C. H. Stephenson, Miss L. l rey. a❑d Mrs. Leigh Murray. At :5 to 8, NOT SUCH A FOOL AS HE LOOKS: Mr. H. J. Byron; Mersrs J. 1 1 . Beveridge, C. H. Stephenson, Georeg Belmore, Miss Lay's Mrs Leigh Murray, and Miss M. Hands. And TH NIGETINGAL te. Mr Beniamin Webster; Messrs Arthur Stirling, J. D. Beveridge, Skinner, Kiss Furtado, Mrs Alfred Mellon, Miss Eliza Johnstone, Mrs Caulfield, &c. Box-office open daily, from 10 till .5. No fees for booking. Places can be secured a fortnight in advance. ROYAL PRINCESS'S THEATRE Lessee and Manager—Mr.Benjamin Webster. THIS EVENING, at 7, FORMOSA: Messrs. J. Rouse, Rig nold, Ashley, Taylor, Lin Rayne, Phillips, Leeson, Eburue, Romer, &e.; Mesdames Billington, K. Rodgers, M: Brennan, E. Barnett, L. trey, &e. With A FTER DARK; Y. essrs Rignold, Ashley, Rouse, Lee son, Phillips, Rayne; Misses IL Leclercq and Barnett. LYCEUM THEATRE (under the management of Messrs Mansell (elegantly redecorated by Macintosh). THIS EVENINO, at i. 19, TWENTY MINI; iES WITH A. TIGER: Messrs Cogh:an, Odell, and Wilmott; Mesdames Rig nold and Morgan. Aft r which, CHILPI RIC, by Verve: Messrs M. Marius, G. Vincent, Odell, Lapierre, Coghlan,. and 11. Herve : Mesdames Dolaro, Etzinman,"Romanelli, Nellie Nesbit, and Miss Emily Muir. fIOYAL STRAND THEATRE. II Sole Lessee and Manageress, Mrs Swanborough. THIS EVENING, at 7. TIIE AT LAW: 3Tesrs. J. S. Clarke, D. Jame+ ' Crouch; Mesdames Bufton and Claire. Followed by THE TODDIES: Mr Clarke. After which, INO; Messrs Thorne, James, Fenton, Turner ; Mesdames Sheridan, Newton, Maitland, &c. THE LATE EDITION of "THE SUN " at J. SMITHS, 39, Bow-street, Covent-garden. THE SUN" NE WSPAPER.-G. R. GENIE, Sporting Library, 4, Connaught-terrace, Edgeware -road, delivers the LATE EDITION of "THE SUN " as soon as published. !THE LATEST EDITION of " THE SUN " to be seen Every Evening by 810 at Mr. ROBERT MEACOM'S, B:itannia, Kensal New-town, SP ORTIN G.—J OHN ROBERTS supplies the LATEST EDITION of "THE SUN" as soon as pub ishod.--4, Bath-street, City-road. F C. THE LA I'EST EDITION of " THE SUN" J. lI.)LMES begs to inform his friends and the public renerally that he supplies the LATEST EDITION of "TEE StTN " as soon as pablished.—No. 10, Ha mpstead-road N.W. THE LATEST EDITION of " THE SUN " may be seen at Eight o'clock every Evening at Mr. R. &EWPORTS', the Oxford Arms, High-street, Camden-town FHE LATEST EDITION of " THE SUN " supplied, as soon as published, Every Evening, by W AL EXA \WEI! (late Brooks), Newspaper Agent, No. 4, Old Javendish street, Oxford-street ( J 'HE LATEST or SPECIAL EDITION of I "'THE SUN" every Evening, at Eight o Clock, at lir ROBERTS', "The Black Cap," High-street, Camden-town. ( SHE LATEST EDITION of "THE SUN" 1 supplied as soon as published, containing all the LATEST NEWS and SPORTING INTELLIGENCE, by H W HARRIS, Newspaper Agent, 4, Blackfriars-road , London, S. 11HE LATE EDITION of "THE SUN" at W. slums .r Camden Stores," 78, Park-street, Camden: THE LATE EDITION of " THE SUN" at JAMES SPEEDY'S, "The Wehington,"Wellington-street S rand. Tim LAIEST EDITION of " THE SUN " IL supplied as soon as published, every Evening, by S. WILSON, newsagent, and special agent for the North-western District, 24, Delancey-street, Camden town, N W THE SUN. LATEST EDITION to he seen in the Coffee Room, at the "Southampton Arms," I! igh etree, Camden-town, where all Sporting and Political events are freely discussed. town. THE SUN.—LATEST EDITION to be seen -11- every Evening, at Eight o'clock, at Mr GILLMAN'S, " The Wheatsheaf," High-street, n-town. bOHN GOSNELL and CO.'S CHERRY rJ TOOTH PASTE is greatly superior to any tooth powder; gives the teeth a pearl whiteness, protects the enamel from decay, and imparts a pleanant fragrance to the breath. Price Is. 6d.—Red Bull Wharf, 93, Upper Thames-street. London. THEATRE-RCA - A L DRURY- LANE. • .-ole Lessne and Manap:er. M. F. R. Chatterton . . Ting EVE/47SG. fit 7, WIT.' lAN TELL: Messrs T. C. King. M'lnlyre, Mon - fan:l; Misses V. Stuart aud Voke?: A: sl BEAUTY AND THI, BE s ST: Nfr.s., - ,rs. Fred. Vokes, Brittaiu Wright, Harry Boleuo; Misses Vokcs, &c. THEATRE-ROYAL, ITAYMARKET. THIS EVENING, at 7 o'clock, A KISS IN THE DARK. After which. at '2O to 8, OUR AMERICAN COUSIN; Messrs Sothern. Rackstone, Chippendale ; Mrs Chippendale, Miss F. Wright, &c. Concluding with DEAF AS A POST norAL PRINCESS'S THEATRE THIS EVENING. at 7, FOR 110 SA : Messrs J. Rouse, Rignold. Taylor, Philips. Leeson, Eb,,rne, &c. ; Mesd•imes Billington, K. Rodgers, Brennan, Barnett, Grey, &c. Followed by AFTER DARK: Messrs Rignold, Ashley, Rouse, &c.; Miss Rose Le clercq and Miss Barnett THEATRE-ROYAL, ADELPHI. 'nut EVENING, at 7. OPEN TO CONVICTION. Messrs George Belmore, J. D. Beveridge, C. H. :•tephenson, Miss L. Grey, and Mrs L Murray. At 15 to 8, NOT SUCH A FOOL AS HE LOOKS: Mr H. J. Byron. And THE NIGHTINGALE Mr Benjamin Webster, Messrs Arthur Stirling. J. O. Beveridge, Skinner, Miss Furtado, Mrs Alfred Mellon, Miss hliza John stone, Mrs Caulfield, &e. LTCEUM THEATRE. THIS EVENING, at 7, TWENTY MINUTES WITH A TIGER And CHILPERIC: IX. Manua, G Vincent, Odell, Lapierre, Coghlan, and M. Herve ; Mesdames Dolaro, Fitzlnman, Ito manelli, Nellie Nesbit, and Miss Emily Muir. ROYAL STRAND THEATRE. Sole Lessee and Manageress, Mrs. Swanborough THIS EVENING, at 7, TUE HEIR AT LAW: Mr &arks, Mr James, Miss Burton, &c. With THE TOOELES. Concluding with ISO. wooDni's CARPET - BAG AND SKETCH BOOK, Egyptian Hall, Piccadilly, every Evening (except Satin day) at 3; Saturday Ho: rings at 3. Admission, Is, 2s, 3s. nil ._, -or 1. 41 ,_. .., ' 11 4 ,1- >c iek"' SU , it)v *--11 - ..„ LONDON, THURSDAY, FEB. 17, 1870. Mn. GLADSTONE'S Land Bill will be received very differently on the two sides of St. George's Channel. The first feeling in Ireland will be one of disappoint ment; the first feeling in England will be one of relief. These results were inevitable if the measure was to be moderate. Irish expectants have been hoping for the very thing which English expectants dreaded. Those demanded fixity of tenure, these feared confiscation. It was the same thing under different names, and whatever it may be called Mr. GLADSTONE will have none of it. He believes that the landlords have their rights as well as their duties, and he is not prepared to despoil them of the first any more than to absolve them from the second; he is not prepared to convert the landowners, who should be using their influence in encouraging their tenants and improving their con dition, into absentee pensioners ; he is not pre pared to increase the already too large class of loungers who are constantly endeavouring to increase the expenditure upon luxuries, while they endeavour ever more and more to shirk the respon sibility of relieving distress. But if the landlords are to be maintained in their rights they must fulfil their duties far better than they have done hitherto. It is the failure in this respect which is the source of all the present misery of Ireland. It is impossible to doubt this after reading Mr. GLADSTONE'S statistics. lle skewed that, just in proportion as the tenant had reasonable security of tenure, had the rental of land increased during the last 75 or 100 years. Highest in the scale stands Scotland, where leases are common ; there the rental has Increased sixfold. Next comes England, where leases are less frequent, and there the increase has been threefold. Lowest stands Ireland, where, as a rule, there are no leases, and where the increase has been only twofold for the whole kingdom. This relation of rental to security is still more remarkably illus trated by distinguishing Ulster from the rest of Ireland. Ulster is naturally the least fertile pro vince of the four, yet the rental has increased there nearly as much as in England, while in the other and more fruitful provinces it has augmented less than twofold. It it be said that the presence of manufac tures in Ulster has caused the difference ; the answer is, first, that manufactures existed there a century ago ; and next, that as a rule manufactures, while they indirectly stimulate agriculture by increasing the demand for agricultural Produce. do not incream directly ; tor instance, Lancashire agriculture is about the most backward in England. These statistics furnish one great argument for the revision of the land tenure. Another is to be found in the fact that nearly all the legislation which has been intended for the benefit of Ireland, and which has benefited it so far as itgards the special objects of that legislation, has aggravated the posi tion of the tenants of land. To take one of three memorable cases. No act has conferred greater ad vantages upon Ireland than the Encumbered Estates Act, yet inasmuch as estates sold under that Act have been sold with the tenants' improvements, and none of the purchase money has gone to the tenants for these improvements, additional misery has been caused where it was intended only to insure pro sperity, and the feeling of insecurity has increased. The causes for legislation being thus clear and urgent, let us see how Mr. GLADSTONE proposes to legislate. In the first place he acknowledges that it may, under certain- circumstances, be desirable for the present tenantry to become their own landlords; and in all such cases he is willing that the Govern ment should assist the purchaser, provided only that the landlord be willing to sell. A number of tenants may combine 4o purchase an estate, and already Mr. GLADSTONE has received notice that the tenants of the Marquis of WATERFORD desire to purchase, though the rental is not less than 813,000 a year. Nor will Government assistance be confined to the tenants. In Ireland there is a vast amount of waste land ; the owners of this land will be encouraged to reclaim it, and to make roads upon it by the aid of Government loans. This indeed is no new principle ; it is merely the extension of the principle which Sir ROBERT PEEL first applied to the drain age of land. If the owner should hereafter wish to sell these reclaimed lands, Government will advance money to the purchasers on the condition that the seller offers good security for the money which has been advanced. In addition to these, pro visions especially referring to Ireland, and which will be included in the Irish land bill, there will be two other bills affecting the whole country; one for facilitating the transfer of land, one for making the succession to the real property of intestates similar to the succession to personal property. Thus the whole country will benefit by the reforms intended for Ireland. So far for the provisions affecting the land when it changes hands. We now come to consider the permanent relations between landlord and tenant. It is here that we find the greatest reforms. In the first place, the principle by which the tenant's improvements have always been considered the pro perty of the landlord unless the tenant can prove the contrary, will be reversed, and the onus probandi will rest upon the shoulders of the landlord. In other words, the tenant will have a right to be compen sated for the unexhausted improvements which he has made. The next provision is still more remark able. Mr. GLADSTONE contends that when a tenant is turned adrift for no fault of his, he is entitled not only to receive back what he has put into the land, but something more for being dispossessed. The PREMIER contends that a landlord has no right, merely for his own convenience, to turn out upon the world tenants who have fulfilled their duties (and who, such is the competition for land in Ireland, will in all probability not be able to obtain another tenancy), unless he will give them sufficient to keep them from starving during the time that they are looking out for other means of livelihood. In other words, the evicting landlord must not only pay com pensation, which is bare justice, but a fine in the shape of damages, and that fine will increase in inverse proportion to the rent; it will, for instance, be two year's rent, for a holding above £lOO, and seven year's rent for one of £lO. At the same time the landlord is protected against having a bad tenant fastened upon him. Non-payment of rent, subletting, and subdividing are offences which the landlord may plead as his justification for eviction ; and he may also urge as sets-off any amount due to him when the compensation account is made up. These provisions apply where no form of tenant-right prevails. But in Ulster•thero is such a form, and in other parts of Ireland there are customs partaking of the nature of the Ulster custom. These, as we always anticipated, Mr. GLADSTONE has care fully preserved. Where no such custom prevails, always excepting those instances in which leases are granted, the arrangements just described will come into effect. In fact, these arrangements are in many respects analogous to the Ulster custom, and are applications and extensions of the principle which governs it. At the same time leases are a more excellent way even than these. But the leases must be for thirty one years, and then, of course, the tenant will have no right to claim either damages for eviction or com pensation for improvevements, except unexhausted manure, reclamation of waste land, and buildings. The term of the lease will, perhaps, appear excessive. In thirty-one years the value of land may increase ' from causes quite irrespective of the tenant's cultiva tion. Mr. GLADSTONE has provided for this increase in the case of tenants-at-will, for landlords may evict their tenants on the ground msummency of rent, and not be subjected to penal damages if they can show that they have offered fair terms. We do not see how under a thirty one years' lease any such protection can be given to the landlord. At the same time it must be borne in mind that a twenty-one years' lease will be recog nised when the landlord makes the improvements, and that the longer time is intended for the protec tion of an improving tenant. The machinery by whch compensation and 'damages are to be assessed is very simple. If the landlord and the tenant are unable to agree they may refer to a court of arbitra tion, whose decision shall be final; or they may appeal to a Civil Bill Court, consisting of the civil side of the Sessions Court, in which the assis tant-barrister alone is judge. His judgment will be subject to appeal; and the court of appeal will con sist of two judges of assiz e, who may reserve certain points for the Court for Land Cases in Dublin, to be composed partly of equity and partly of common law j udges. There is little doubt but that this bill will pass. Mr. aunt has already announced that there will be no obstacle to going into committee on the day named by Mr. GLADSTONE ; in other words, that no opposition will be offered to the second reading. The Conservatives have been taught by experience to neither resist the inevitable nor reject a moderate measure in the hope of upsetting the Government which has introduced it. No doubt the bulk of them are relieved to find that it is entirely free from the confiscatory provisions which they feared ; and though they may object to certain pro visions, they will not venture to enkindle any further the dangerous flame of Irish discontent, by declining to receive a measure so moderate in its proposals and so beneficial in its tendency as this. In fact it is difficult to say which party will be the more benefited, the tenant or the landlord. As Mr. GLADSTONE shewed in his magnificent pero ration, what is given to the one is not necessarily taken from the other. Rather, there is a vast fund in the land which has never yet been opened, but which this bill will unlock. We may add that English tenants will not be long in demanding the application of this measure to themselves, and so an effectual stop will be put to political evictions. But when all is said there still remains the grand and important question ; will Ire land be satisfied? Moderate, loyal Ireland will; irreconcilable, Fenian Ireland will not ; for it will see in this measure another blow dealt at its in fluence—another reason for its existence removed. This faction we cannot hope to satisfy, do is we will. Nor must we look to obtain the immediate pacification even of those who are open to conviction. It is, as Mr. GLADSTONE well said, one of the decrees of Providence and one of the safe guards of mankind that the remedies for long con tinued injustice shall not be immediate in their operation. Otherwise one of the greatest deterrents to ill-doing would be removed. We have to suffer for the sins of our forefathers, that_our children ma) not sin as those sinned. BILL. THE SUN,- LONDON, T H URSDAY EVENING, FEBRUARY 17, 1870, THE REVISION OF 'ME SCRIPTURES. The Bishop of St. David's writes of follows to the Pall Mall Gazette :—" I observe that you have been misled by some incorrect report of what I said in Convocation on the revision of the Authorised Version of the Bible, into a complete misapprehension of my view of the subject. I never said " that no mere verbal or grammatical altera tions in the Bible would affect any doctrine of the Church of England ;" but that no doctrine of the Church of England would, in my belief, be affected by any im provement that could be. ade in the Authorised. Version. I might have added that, unless those doctrines were deduced from the translation, and not from the original Scriptures, they could not be affected by a more correct and faithful rendering of the original text. You, Sir, had indeed good reason to be ' surprised' that I should have said ' that Dissenters had anything to fear from a correct translation of the Bible." Ido not even understand Lord Shaftesbury to have said that. But, for my own part, nothing could be farther from my thoughts. I observed, indeed, that the effect of a more correct translation might b 3 to deprive preachers, Churchmen as well as Dissenters, of some favourite texts, to which they might look with some regret, which might prejudice them against the revised translation, and that it was therefore the more desirable that some of the more eminent Nonconformists should be associated with Churchmen in the work. I entirely agree with you in your concluding remarks on a part of L9rd Shaftesbury's letter to the Times, in which, meaning apparently to raise an objection to the revision, has unconsciously argued in its favour. I believe that a correst report of my speech will appear in the Guardian of this week, but I shall be not the less obliged to you for the insertion of this letter." THE IRISH PAPERS ON MR. GLADSTONE'S The Dublin. Mail says Mr. Gladstone's speech last night introducing the Irish 'And Bill will greatly disap point his Irish friends. The Premier is attempting now to deal with a very different difficulty to that presented by the Irish Church. The peasantry, it is stated, are once again made the dupes of certain Irish members. The moderation of the bill is the result of that public opinion which Mr. Gladstone dared not affront, and, adds the Mail, his submission to that public opinion represents the entire collapse of his boasted Irish policy. The Freeman's Journal reviews Mr. Gladstone's speech, and the provisions of the bill ; but expresses no opinion as to the reception it is likely to meet with from the Irish people, merely saying the speech was listened to with profound attention, and, no doubt, will excite equal atten tion amongst all classes of the community in Ireland. The Irish Times observes the speech was a most elaborate composition, artfully framed to comfort those who may be disapphintect by the measure it introduces, and to satisfy people who had been taught to expect so much by flattery rather than by the fulfillment of engage ments. How both the measure and the speech will be received by those who have taught the people to cherish unlimited expectations, will be an amusing and curious subject for study. Saunders's News Letter and the Daily Express both review the salient points of the speech, but reserve com ments on details for a future occasion. Dean Stanley maintains, in a letter to the Noncon formist, that Dissenters were never excluded from Parlia ment. The Nanconformat admits that the very rev. dean i 3 right. ELECTION NEWS.—Sir William Scott, the Liberal member for Roxburghshire, has intimated his intention to retire, because of ill-health. Lord Bowmont, son of the Duke of Roxburgh, comes forward in the Liberal interest. Mn. flusiax AT OXFORD.—Mr. Ruskin delivered the first of his course of lectures as Professor of the Fine Arts in the Sheldonian Theatre on Wednesday, when there was a larger attendance than at the inaugural lecture. MISS BURDETT COUTTS AND EMIGRATION.—MiSS Burdett Coutts, who is new residing at Torquay, has given to the Local Emigration Society the sum of £2OO. About fifty families will be assisted to emigrate, at a total cost of seven hundred pounds. EMBEZZLEMENT AND BIGAMY.—Alfred Barker, the late station master at Milverton is held responsible for a complication of crimes—embezzlement and bigamy. He was charged atLeamington on Wednesdaywith stealing the moneys of the London and North-Western Railway Company. The prosecutors did not lay their whole case be fore the bench ; they adduced proof only that the defendant had embezzled some small amounts, and then asked for a re mand. At the same time they charge him with not accounting for some eighty pounds. Their request was granted, and the magistrates remanded the prisoner. They fix the bail at—Sureties £2OO, and himself in the same amount. Not being able to obtain sureties, he was remanded in custody. COVENTRY CHAMBER OF COMMERCE. —At a meeting of the Coventry Chamber of Commerce held on Wednesday, the programme of propositions to be brought before the Associated Chambers, at theirmeeting next week in London, was considered. It was resolved to support the proposal for reduced postage, and the Chamber declared in favour of the amendment athepatentlaws, and of urging on the Government to negotiate a treaty with Spain. and Portug - al. It was also in favour of tribunals of commerce, and of a governmental guarantee of moneys and valuables transmitted through the Post Office upon the payment of a fee ; of the registration of trade marks ; and of the sale of cereals by weight. The Chamber specially deter mined to support the resolutions against stipula tions contained in thetreaty with China, where the duty on textile goods entering China is to be increased 50 per cent. The Chamber agreed that the idea of the abolition of duties paid in the interior was fallacious. The proposal to double the duty on imported silk was also condemned. A deputation was appointed to represent the Coventry Chamber at the meetings of the Associated Chambers. AN ENGLISHMAN'S DREAM, A SWEDE'S REALITY. —What would be the feelings of the half-frozen much-in cenvenienced traveller on any of our railways if, on arriv ing at one of our refreshment stations, he should find the old order changed—the food tempting, and the waiters attentive ? If iu the place, of the present counter he were to find five small tables neatly laid out, the first of which should display everything to provoke his appetite in the shape of dried fish potted meats, an d h ung beef ; the second tea , and coffee bread and butter, milk and cream ; the third hot soup and 11 h of various sorts ; the fourth cutlets, steaks, poultry, and vegetables • and the fifth swee t s an d puddings, truffles and cheese ? And if in addition to these delicacies he were to find that sufficient time were allowed to partake of all of them, and that a notice was affixed in a conspicuous place stating that the total charge for all was is. 7d., he would probably think that he was travelling in Wonderland. Such a dream is, of course, not to be realised in civilised England—but in poor Sweden, refreshment rooms, carrying out the whole of this pro- Lrunme, are to be met with not only at the termini of the main lines but even at such out-of-the-way stations as Elmhult, Halisberg, Falkoping, and many others.—PaLl Mall Gazette. THE WEATHER ON THE CONTINENT.--It appears that our friends across the Channel have been experiencing weather fully as severe as that which we in London have been encturin , for the last few days. The temp era t ure h as been remarkably low, especially in Northern Europe, and it is stated that in Russia such intense cold has not been felt within the memory of the existing generation. On February 1, at Moscow, the thermometer marked 30 deg. (Reaumur) below zero, or 36 deg. centigrade ; and at War saw 25 deg. Reaumur is recorded. Extremely low temperature prevails throughout France and Bel gium. The harbour at Ostend is completely frozen over. The upper part of the Scheldt has become unnavigable for sailing vessels, and there is so much ice that even steam vessels can scarcely make way down the river. In Paris numerous deaths from the severe cold are reported. A passenger outside an omnibus was found to be dead when the vehicle reached its destination. An old woman, aged 60, fell down in the Rue des Terms in an epileptic fit, caused by the intense cold, and, despite all efforts, died very shortly afterwards. In Russia, " frozen to death " is the assigned cause of n umerous casualties daily reported, and many sentinels have within the past three weeks perished while on guard. REGICIDES PREVENTED.—The recent conspiracy in Russia seems to have been of a more serious nature than was at first supposed. It was not students only who were concerned in it. The Courier of Cracow an nounces, on the authority of a letter received from Warsaw, that Prince Obolensky, head of the Customs Department of the Empire, has been arrested, charged with being implicated in the conspiracy. The Prince was returning from Berlin, when, on his arrival at Warsaw, the Chief of the Police attended at the station with a large staff, and conducted the Prince immediately to the station of the St. Petersburg Railway, where a first class carriage and an escort were already prepared. Several other arrests have been made in Warsaw among the higher officials. Prince Obolensky is not a Pole, but a pure Russian ; he is very_ young, but has always been highly esteemed by the Emperor for his abilities. It is, perhaps, worth noting that Europe is now enlivened by three conspiracies, each having regicide for its object. Besides the Russian conspiracy, one in France has been reported, and another is just announced by the Parlement in a telegram from Constantinople. It is stated that the Turkish police have discovered in. a shop various infernal machines, which, according to the confessions of two persons arrested, were to have been placed in the way of the Sultan as he was- going to the Mosque. —Pall Mail Gazelle. *.lbe preparations for.the return of her Majesty and the Royal family to Windsor are being completed, and the private suites of apartments made ready for her Majesty's residence within the Castle. The arrangements for her Majesty s journey from the coast to Windsor are being made Four men lost their lives on Monday by an acci dent at Coxhoo Colliery, in Durham. They were engaged on some work in the up-cast shaft, and a heavy prop having fallen upon the " cradle" on which they were standing, they were precipitated to the bottom, a distance of 70 fathoms. They were inetantly killed. The London correspondent of the Manchester Guardian states that the Council of the Education League, rather than risk the manifestation of the difference of opinion on the question of making the Scripture a class-book, have resolved on dropping their proposed Lill for the present, and confining their action in Parliament to criticisms and amend ments on the forthcoming Government measure. The suspension ctAtepirs. Hutchinson and Co., Kirkcaldy, corn merchants, is announced. The liabilities at-a stated at from £BO,OOO to £120,000. With time Clay.hope to pay in full. Most of their creditors are English. Mr. Graves will move on the 15th of March that, in tho opinion of the Hose of Commons, it is expedient to reduce the rate of inland postage on printed matter to one halfpenny for two ounces, and that the postage on news papers should be likewise reduoed to one halfpenny. BRITISH HOSPITAL FOR DISEASES OF THE SKIN'. r — The Committee of the British Hospital for Skin Dis eases, in Great Marlborough-street, find, in the case of a large proportion of the patients attending at the usual hour in the daytime, that each visit to the hospital in volves the loss of a day's work. They have therefore recently decided that those patients who are unable to attend in the daytime shall be permitted to attend on Wednesdarovonings, at eight o'clock. If this example were generally followed by hospitals _much good would j result. HER MAJESTY. + OSBORNE, Feb. 16. The Queen drove out this morning, attended by the Hon. Caroline Cavendish. Their Royal Highnesses Princess Louise, Prince Leopold, and Princess Beatrice also went out. The Prince and Princess of Wales drove out yesterday. LAIEST IN - TELL LGE.N CL ( 11 E C7'"E It'S TELEGIIAMS.) FRANCE. PAIRS, Feb. IG, - * Evening. The Patrie denies that Austria, France, and Bavaria had agreed to send to Rome a despatch in reference to the dogma of Infallibility. The same paper proceeds to say that each of those Powers have transmitted to Rome counsels full of deference and devotion, but those counsels did not result in any diplomatic step. It is asserted that M. Itochefort intends to re sign his seat in the Legislative Body if the Presi dent, M. Schneider, should persist in ignoring his communications. BOURSE, Feb. 16.—Three o'clock—The market closed as follows : 4.4 per Cent. 3 per Cent End of mouth 73 25 Oredit:Mobilier 202 50 Transatlantic 215 Credit Foncier 1735 Paris Gas 1715 Suez Canal 340 Bank Shares 2875 Ital'an Fives 5l 65 Austrian Fives Ottoman Loan Do. Debt 45 Spanish Threes 26850 Home Debt — Deferred ... • RAILWAiI Cash 988 6321 1135 600: 992 k 616} 7721 tOil 67 Orleans Western Northern Strasburg Lyons and Mediterranean Southern..... Sardinian Austrian Lombard North of Spain Saragossa Roman * Delayed by interruption of the telegraph lints. AMERICA. (Per French Atlantic Cable.) NEW Yontir, Feb. 16. COMMERCIAL INTELLIGENCE. CLOSING PRICES. Gold closed at 1191; the highest quotation dur ing the (lay wai 120 ; the lowest, 1191. Sterling Exchange on London lOBl. 5-20 U. S. Bonds, 188 9 44 " 1885 ll4l. 44 " 1867 ll3f. 10-40 64 Illinois 143. Erie 26i. Cotton—Mu upland 248 c. Petroleum—Standard White 3oc. Flour, extra state, $4.90c. to $5.50c. Corn, old mixed, sl.6c. The Cunard ste liners Tarifa, at 12 p.m., yester day, and the China, at 10 a.m., to-day, and the Inman steamer, City of Cork, to-day, have arrived out. 'The Guion steamer Minnesota, the Anchor steamer Britannia, the Inman steamer City of Bal timore, and the Hamburg and American steamer Hammonia have arrived at New York, the latter at 8 a.m. to-day. SWEDEN. STOCKHOLM, Feb. 17. The Reichstag adopted to-day the report of the Cointnittce on the Constitution, which proposes to grant to Dissenters and Jews the right of seats in the Reichstag, and also of holding office, only ex cepting that of Ministers of State. The votes in favour of the measure. were, in the Upper Chamber, 93 ayes, against 18 noes ; and, in the * Lower Chamber, 116 ayes, against 58 noes. The vote will doubtlessly be ratified by the King. INDIA, CHINA, AND AUSTRALIAN MAIL. AIESSINA, Feb. 16. The Peninsular and Oriental Company's steamer Tanjore payed Messina at 1 p.m. to-day, en route for Marseilles. MALTA, Feb. 16. The Delhi, with the heavy portion of the above mail, leaves at six this evening for Southampton, where she may be expected about the 25th instant (Friday). INDIA. AND CHINA (HEAVY) MAIL. The Ripon, from Southampton sth inst., arrived at 1, and leaves at 5 p.m. this day for Alexandria. SIR SAMUEL BAKER'S EXPEDITION. ALEXANDRIA, Feb. 9. 'The following letter has been received here from Sir Samuel Baker : KHARTOUM, Jan. 12. Dear Sir,—We arrived here all well on the Bth inst., after an unprecedented journey of 32 days 16 hours, from Suez to Khartoum. We were delayed seven days at Souakim for the want of camels, and one day at Berber—tbus in 24 days and 16 hours travelling we reached Khar toum. This rapidity of march proves the supe riority of the Souakim route over that of the Korosa desert. I reviewed the troops upon my arrival here, and they are in good health, and prepared for the White Nile voyage. The delay of six steamers and 15 large vessels at the 2d Cataract is a great disappointment. I shall push up the White Nile with 1,000 men in three steamers and fifty vessels which are being collected here. After disembarking at Gondokoro the boats will return to Khartoum and receive Mr. Higginbotham and the engineers, who are advancing to Khartoum by the Koroso desert with the steamers of Mr. Samuda in sections upon camels. This second branch of the expedition will follow me to Gondokoro with 700 troops. We are all well; the season healthy and cool; troops in good spirits.—Yours truly, (Signed) SAM. W. BA EI? . THE BRITISH INDIAN TELEGRAPH EXPEDITION. Captain. Sherard Osborn received the following telegram this morning at 10.30 from Bombay : " Halpin, Great Eastern, to Osborn. Noon, sixteenth. All well. Latitude 18.12, longitude 69.8. 130 knots paid out Fiuce noon yester,lay ; H.M.S. Jumna in company." This places the Great Eastern, yesterday, 210 miles from Bombay, towards Aden, and in about 1,900 fathoms water. Le Credit International says :—" These pens eclipse anything we have ever had the pleasure of meeting with, and are a real boon to literary men and the public in general." THE WAvERLEY, PICKWICK, AND OWL PENS. —The Iron Trade Circulor says :—" From the testimony of 670 Newspapers the Public may rest assured they aro the best Pens invented." Sold everywhere. Shippers supplied by the Patentees. Sample Box, Is. 2d. by Post. —MACNIVEN and CAMERON, 23, Blair-street, Edinburgh.— Advtd SERIOUS CONFLAGRATIONS—Tats DAY. This morning Captain Shaw returned to the Board of Works the number of fires that had tiken plaee yesterday, up to 6 o'clock a.m. to day, which amounted to eight. One was at the General Post Office, St. Martin's-le-Grand. By some means the roof over the stamp room became ignited, but the firemen managed to get the fire out, only about 10 feet of the roof being destroyed. A fire, which destroyed the fine organ, bell tower, and most part of the roof, and severely damaged the galleries, happened in St. John's Church, Bethnal-green. Owing to the exertions of the Salvage Corps and the firemen the ground floor was saved. The church was insured in the Imperial Fire Office. A fire likewise occurred in the premises of Mr. G. H. Barcharn, an oil and colourman, at No. 166, High-street, Camden-town. It commenced in the shops, which were, owing to the iflammtnable nature of the contents soon in a blaze. The fire was not extinguished before the whole of the stook in trade was nearly destroyed, and two floors in the pre mises of Mr. Shepperd, a chemist, next door, seriously damaged. Fortunately, Mr. Barcham's books were all saved in one of the Reliance safes. The origin of the disaster is unknown. Another destructive fire broke out in the ware house of Mr. IL Rolls, also an oil and colourinan, No. 621, Old Kent-road. A lire also took place in Slee and Co.'s vinegar brewery, Church-street, Horsley - down. It was caused by the friction of machinery, and before it could be subdued the malt stores were destroyed and the brewery severely burned. ALTERATIONS IN STREET NOMENCLA- TURE. The Metropolitan Board of Works has directed the following alterations to be made in metro politan street names :—High-street, Kingsland, from Dalston-lane to Shacklewell-lane, on the east side, and from Ballspond-road to Cock and Castle-lane on the west side, is to he renamed Kingsland High-street; Park-road, Stoke Newing ton, is to be renamed Clissold-road ; the name of Bishop's-road is to be applied to the whole of the thoroughfare between Harrbw-road and Westbourne-grove ; Johnson street, St. George's in-the-East, is to be called Chandler-street ; Park road, Peckham, is to be named Peckham-park-road ; Park-terrace, Fulham, is to be renamed Far rell-street ; Loughborough-park-road, Brixton, is to be renamed Loughborough-park. The houses in the above districts, and the following places to be renumbered and the subsidiary names abolished : —Wellington-road, Stoke Newington ; Church road, Homerton ; Oriel-road, Homer ton ; Portobello road, Kensington ; Fitzroy-road, Regent's-park ; Highgate-road, between K. - ntish-town-roal and Gordon-house-lane ; Loughborough Park-road and Loughborough-park ; World's-end-passage, Chel sea ; Tavistock-road, Kensington ; Manor-road, Upper Lewisham-road ; Bostock-road, Old Gravel lane ; and Green-bank, St. George's-in-the-East. The houses erected by Mr. D. H. Junes, in Queens borough-terrace and Inverness-terrace, Bayswater, to bo numbered in continuation of the number of houses in those thoroughfares. WAR OPPOSED TO NATIONAL LIBERTY.-A PROOF IN GERMANY. A popular writer remarks :—" It is sometimes said that a military spirit favours liberty ; but how is it that nations, after fighting for ages, are so generally enslaved? The truth is that liberty has no foundation but in public and private virtue, and virtue is not the common growth of war." The truth of this observation has been abundantly confirmed in all periods. Even in the present century the wars of France have resulted in a remarkable prostration of the popular liberties. So, too, in Germany. The attempt of the " unificatiouists" to secure a " free and united Germany" by rallying around the warlike banners of Bismarck has resulted not merely in the conquest of Austria, but also, to a great extent in the prostration of the liberties and will of the whole German people at the feet of Berlin absolutism. Of what account now is enlightened public opinion in Hanover, Saxony, Bas aria, Bruns wick, Darmstadt, and the other States, in compari son with the authoritative decisions of the military powerof Berlin? That Power now dominates the very people who united in strengthening its hands for the war of 1866. The Germans and Prussians, in their enthusiasm for that war, have welded the chains of their own liberties—chains which they are now beginning to feel very galling and oppres sive. They must liberate themselves by a wise and persevering course of constitutional resistance, of which there are hopeful signs. But it is very hard to pull down armed despotism, though too easy to establish it in times of popular and thoughtless military enthusiasm. CANADIAN NEWS.—It is announced that a bill will bo passed at the next session of the Dominion Par liament to construct a Canada Pacific Railway, and it is thought the Home Government will guarantee dividends on the stock.—A railway from Woodstock to Riviere du Loup, through the St. John Valley, is projected.—The total amount of shipping now owned in St. John, N. 8., is estimated at over 200,000 tons, representing no less than seven or eight millions of dollars.—The Cautt-,ian Papal Zouaves, whose terms of enlistment have expired, will re turn to Canada about the sec rnd week in April.—The last election in British Columbia resulted in the return of the Hon. Mr. De Cosmos, a strong advocate of Confederation. He was defeated last year in consequence of his advocacy of Confederation. This year, in the second electoral dis trict of the colony, he has obtained his election by a ma jority of nearly 3CO. A telegram from Toronto, dated Feb. 3, says :—" The Newfoundland Legislature was opened yesterday. A motion of want of confidence in the Ministry was carried by 21 votes against 8, the majority being opposed and the minority favourable to confederates with Canada. The House then requested the Lieutenant- Governor to call upon Mr. Charles Fox Bennett to form a new Ministry." Mr. Thomas White has left for England as Special Emigration Commissioner from the Province of Ontario, with the object of promoting the emigration of practical farmers and agricultural labourers. A telegram from Toronto, dated last Thursday, says the Lieutenant- Governor of Newfoundland, having remonstrated with the House of Assembly for having committed a breach of constitutional usage by nominating Mr. Bennett as a proper person to be sent for in order to form a new Ministry, the House of Assembly in that day's sitting, while quoting a precedent for its act, has withdrawn the name, and passed a resolution assuring his Excellency that no infringement of his prerogative had been intecded. The Ministers were present at the sitting, and will retain office. Prince Arthur, who had just been warmly welcomed at Montreal on his return from the United States, visited the skating rink to wit ness the performances of Mr. Curtis, the American cham pion skater. rADVEUTISEMENT. I —Holloway's Pills.—lnflammations Controlled.—All persons should be forewarned by the pre sent sudden atmostpheric changes that their maintenance of health depends upon rectifying disorder in, and expelling impurities from, the system without unnecessary delay. Cases of internal inflammation in the throat, lungs, liver, and bowels are perpetually happening during the winter, and loudly call for a certain curative such as Holloway's Pills. They supersede blood-letting, mercury, antimony, and similarly dangerous treatment. No invalid will be at a loss to treat his complaint on the surest and safest prin ciples aho carefully reads through the printed directions folded round every box of these Pills. No danger can re sult from using this medicine, which may be accounted "The Antidote for Inflammation." --- - LADvEhTISEMENT.J—Avoid Medicines they always aggravate chronic complaints: but Du Barry's delicious health-restoring Revalenta Arabica Food, which yields three times the nourish mentof the best meat, saves 50 times its cost in other remedies, and invariably restores perfect digestion, strong nerves, sound lungs, healthy liver, pure blood, refreshing sleep, functional re gularity, ant' energy to the most disordered or enfeebled. We ex tract a. few out of the 63,000 cures; —"The Pope's health restored by Du Barry's Food. Cure No. 63,413.—"R0me, July 21, 1866. —The health of the Holy Father is excellent, especially since aLlndoning all other remedies, he has confined himself entirel3. to Du Barry's Revalenta Arabica Food, of which he consumer a plateful at every meal. It has produced a surprisingly bone tteial effect on his health, and his Holiness cannot praise this excel lent food too highly. From the "Gazette du Midi, July 25 Cure No. 58,216, of the Marchioness do Brehan, of seven years livet complaint, wasting away, debility, nervousness, with a nervous F9.lpitation all over, bad digestion, constant s l e eplessness, and the most intolerable nervous agitation.." Cure No. 1,771; Lord Stuart de Dccies, Lord Lieutenant of Waterford, of many years' _dyspepsia. No 49,832; " Fifty years' indescribable agopy from dyspepsia, nervousness, asthma, cough, constipation, tlmulency, spasms, sickness, and vomiting.—Maria Joly."-I-Cure No 46,270: Mr. James Retorts, of Frimley, Surrey, of 30 years diseased lungs, spitting of blood, liver derangement, and partial deafrsts. Important Caution.—Beware of the many unsavoury and more than sloppy imitations to which, without authority. Baron Licbig's name is most audaciously attached. In tins, at s d; Ilb 2s vd; 2lb 4s Gd; slb Us; 12 lb 225: 24 lbs 4 a —llao .13 BARBy's lONALEN TA EMMA CHOCOLATE PoWDER is packed in tin canisters: for 1! cups at 2s, for 24 cups at 3s sa, for 18 cups at Gs, for 2sB cups at 30s, for i%76 cups at 55s —Laing penny per cup. The 30s and ::5s tins are sent about one free of carriage in England op receipt of Post Office Order.— Altar Du BARRY and Co., No. 77, Regent-street, London ; and all Grocers and Chemists. SENATOR FENTON ON SHERMAN'S BILL. Governor Fenton spoke in the Senate on the 25th of January against Sherman's Finance Bill. He dwelt on the evil influence of an irredeemable cur rency, showing that one of its worst effects was in habituating the people to the state of things it pro duced, leading many eventually to regard it as essential and desirable. Mr. Fenton believes that the difficulties of resumption cannot be avoided by postponements; on the contrary they will increase. They are of two kinds :—“First, a heavy addition to the burdens of the debtor class; and second, a gene ral decline of prices, accompanied by a prostration or greater embarrassment of trade. An addition of a fourth or a fifth to the private indebtedness of the country, such as would ensue if debts contracted in 'depreciated currency were required to be paid in gold, is too grave a matter to be lightly considered. This individual indebtedness cannot now be less than $7,000,000,000 or $8,000,000,000, and an increase of a fourth or a fifth would itself nearly equal the whole amount of the national debt. To impose this vast additional burden at once, or within a vorY short period, upon the debtor class would produce great hardship and distress. Yet delay only en hances the difficulty. Credits are constantly ex panding, and individual indebtedness is steadily in creasing. If it amounts to $8,000,000,000 thisyear it will amount to more than $8,000,000,000 next. Great as is the embarrassment now, it will only become greater by the lapse of time. If the country shrinks from the effort at present, it will recoil w ith still greater repugnance another year." Mr. Fen ton does not believe the decline in prices will be as great as is generally supposed ; but it will entail hardships, thou g h th ere w ill b e com p ensa ti on s, for if prices decline, s o d oes th e cos t o f li v i ng ; if the merchant loses in what he sells, h e g ai n s in what he buys. Whatever the evils of a return, they are in significant compared with a continuation of the present system. He advocates a gradual change, and quoted England as an instance, where six years were required after the Napoleonic wars to attain to specie payment, though her currency then was far less depreciated. In discussing the means, the Senator dismissed the question of the amount of currency required by the business of the country, the real one being, the conditions upon which specie payments can be restored and maintained. gc If any one tells me," said he " we have none too much currency for the requirements of business, I fully concur that we have none too much at present prices. if any one tells me we ought to have twice as much currency, l fully concur that twice as much would not be too large a sum for the conditions which would then exist. If any one tells me we ought to have • less currency, I fully concur that less currency would suffice, with the fall of prices which woul I accompany the reduc tion of volume." The value is regulated by the volume, and, as prices adjust themselves to the amount, the more issued the more is needed to make exchanges. 'Will it be claimed that one-fifth more currency is needed, or if it could be so far im proved in value, thus producing an equal decline in pfces, the country would need the present volume. The currencyis worth, say 83 cents on the dollar. If $700,000,000, each worth 83 cents, is reqUired would the country need $700,000,000, each worth 10;.) cents ? It is a fallacy to attribute the depre ciation solely to the currency being irredeemable, for something is due to its excess. Again, an error prevails that the rate of interest determines the amount required, a high rate showing a necessity for an increase in the currency. Strange as it may seem, the reverse is the case, history showing that interest is highest when currency is largest ; that is,, money is oftener cheap and plentiful when it is 1 mited, and dear and scarce when it is excessive. So it was before the great convulsion in 1836 ; so also in 1857 ; while, on the other hand, interest was lowest after the panics and the volume had been curtailed. After illustrating this, the Senator proe2eded to discuss how to make paper and gold equivalent. Sherman's Bill, Mr. Fenton thought, did not tend to advance that end, notwithstand ing the withdrawal of the Three per Cents., though equivalent to so much currency, it would be seen in practice:, that though intended as an excLange of one form for another, the $45,000,000 in notes will be more difficult to get rid of. Mr. Fenton pro ceeded to dunonstrate by the histoty of England and of the Utii ed States the impossibility of retain ing gold upon a redundant paper currency, and as a consequence of that currency, that gold and gold bonds have been steadily flowing abroad, $37,000,00 0 of specie and bullion alone having gone during the last year. The Secretary of the Treasury is right m stating that American exports should equal the imports,exclusive of public securities,!as one essential for a return to specie pay meats. Is it not, asked Mr. Fenton, the depreciation of the currency with its consequent inflation of prices that makes the Union a poor market to buy in, but a good market to sell in ; and if true, must not the adjustment of the currency precede the adjustment of trade? It is a mistake to imagine that there are sections in terested in maintaining the present state of things. The true interests of all are involved, but most so those of the agricultural population, who enjoy less of the benefits and experience more of the in jury than any other class. In the fluctuations caused by the currency, wheat and cotton exhibit the smallest ratio of increase, which means that the producers paid proportionally more for what they bought, receiving less for what they sold, because these being the great articles of export were regu lated by the world's standard of value, and not by the currency fluctuations. Gold itself is really cheaper than other commodities, and therefore wheat is cheaper, which most closely follows it. It has been suggested that the currency difficulties will disappear as the country grows up, even to the plethora of the present supply, a plausible idea with something of fact, though based on a miscon ception of the character and purposes of money. The circulating medium bears no such proportion to a D a tion's wealth and business that it needs to expand in the same proportion, Money is not needed nor wanted for its own sake, its purpose being to serve as a medium of exchange, as the instrument of transfers and payments, apart from its being a standard of value. Deposits, cheques, drafts, sup plement and enable a smaller amount of circulation to effect a far larger amount of transactions. The principle of the second part of the bill providing for new banks with specie notes and redemption, is sound iu principle ; but, if worth much for imme diate application, should embrace the whole system, which is manifestly impracticable. These notes, convertible on demand into gold, could only be k e pt in circulation on the Pacific side, for as gold, still at a premium as compared with tbe general cur rency of the country, would remain a subject of si eculation, such notes would be used to draw out the gold gathered in these banks. The attempt might as well be made to drive into general circula tion the gold now occasionally sold from the Trea sury. Notes worth 80 cents cannot be maintained side by side with notes worth 100 cents, both of equal denomination. Since the time of the clipped coins of Amsterdam the circulation of lesser value has invariably driven out of the field that of higher value. That unequal currencies cannot be kept in the same business intercourse is supported by the experience of mankind and the plainest principles of, political economy. Mr. Fenton, however, did not see any grave objection to this feature of the bill becoming a law, for, if correct in his views, it could not be brought into effect by any law... He sees no possibility of establishing a currency eqniva lent to gold, except by lifting the present cur rency to par with gold. The West and South ask for a larger proportion of currency, to which the Senator did not object, if unaccompanied by expansion. How much they would absorb is a matter of uncertainty, but the currency of a coun try tends to distribute itself, guided by the laws regulating its trade and demand. He appreciates, however, tbe necessity for supplying the sparsely pe9pled districts, as they have less of the substi tutts which come with advanced society. He would not, however, increase the present volume, but cur tail instead, with a view to early resumpti in. "If a system of banking based upon the proposed new securities or Consols, entirely free, with only such restrictions as are essential to absolute security, and to make every note redeemable in gold, is adopted, then every section, as we reach the specie basis, can have the amount of currency it needs and can pro vide for. In the mean time, it is my desire that we should hold as nearly as possible to chose just and s dutary maxims, the observant 3 of which is more than ever iwpoi taut in a period of derangement like the present." Mr. Fenton sees little in the bill to aggravate the evils of the hour, and it may be the best which can be got. He comes forward with no pet scheme of his own, and his objections are not eo much upon specific measures as upon the , general principles involved, wherein the interests of all classes and sections are practically identical. -!—Anglo-.Americcin Times. ;IV 44, (ft p N C ACM Fi~E~s~ kIJ 344 4, -,-~. Tt reset rate day, marl rise i there sequ repo: ditto duce Exel 3 di: prep per ( In ditto Cent 4 pc pre/ Con to 60i 121 87j 109 tian n Cat Bri tioE 62i terc nig as i of i llev Atli 5p laic scr ter out eliz min , ne be all M re fe de