The Sun. — London, England, 1855-02-03 00:00:00

hO.NEY MARKET AND °AltAr-P; i ft INTELLIGENC E. CITY, TWO o'CLOCK. 2 11 ° cotton Market at Liverpool yesterday 'wed lit aziii cauY, With a f a i r d emand for Surat an d at p re vious rates. Th e s ales comprised NI 7 ) 0 00 bales. R a il way Shares were gene. t a slight improvement. t b e a mount of business done by the Bank , of i x tud duri ng t h e week to the 27th ultimo was er lar ger, but o w i ng to an increase of the pub vitattePOsits the reserve of notes in the Bank " till" tr em h ali g ni ented. Th e b ullion was not further With tb ecl uPon, but the addition is slight compared Ath i t t ,," l : 3 large amount?. lately come to hand from • ner e — :: 4 3 and Which ought to occasion a further the 4Zin the precious metals. Compared with ei°ll3 week circulation the changes were as follows : iltsullitotill:e(,erreeaassee. ****************************** £19,782,975 262,645 12,354,680 192,185 3,268,316 , im crease 8,779 blic PePocits 2,897,554 nt, incr ease , v , -wle b epoi ease. ts _ 10,698,258 ~Day anCleOil; ;;; Bills b eer -,trutu easye 'ent s" o th be* teurie Nue les mitt, t ies . 'v.440 143,970 1,003,540 36,473 11,528,652 109,069 14,320,311 - 11 4 , 4 c .......... 123,402 , h P eyed 5,888,590 -the lease du • t(4 41 • 424,995 rib: the cl reulation of the United Kingdom ki f ° l lo 4 ° lir Weeks to the dates mentioned was . t. Illski Nov. 25, 1854. Dec. 23, 1854. e Na "•• . • lei .......... £27,198,783 411 a '• . £26,218,516 44 ............ 4,41,908 l' ... . i, Nem, ......... 6,658,312 6,722,649 i 'elace Port'Y: aft ernoon there was no alteration of ttt, 9 0 l a the rates for foreign bills of exchange. 4 1to 1 8 j l3 l was 25 321 t o 35, A ms t er d am 11 to 42: i luburgh 13 5i to 51, and Trieste 12 he d ot Ng bof the entire q uantity of guano hypothe % Y the Peruvian L 0 for o i Government to the holders ;:i tolled fort debt not having been appropriated, ti i 4 t l o4. er : r ,th a protest from the chairman of the 0 : fee i 51 , 71 a1l Bondholders' Committee, in which Alai, of k i __ e rY clearly explained. The subject is NIA % 4 7est to the creditors generally of foreign 'aimsubjoined are the principal details te k ; l oo,P ori te Year 1853 a Peruvian 4i per cent. loan )(Zit leb.ev,• sterling was negotiated in England, with I'lit4batii, / t ' B ' by his Excellency General Don Manuel IL eat ef t"irtue of powers conferred on him by the l'l; a „. 4l )lri th h ` Republic of Peru, and in conformity (as 1 / 4 ‘1 1 85e, 4 , 1 Act of Congress dated the sth of Feb (l4.,rs o:44:4according to the prospectus issued by t4lahre 4 4 :4a cording and Company, and Messieurs tl e l li ;Nti oll and Son, the agents of his Excellency (4411,853'.1.4u11el Mendiburn, and dated the 26th day R oth ei ; l ,t ',s stipulated and agreed by the contract t c l i tte of ti t l il inge) as fellows :—' Beside the formal of m eet Republic of Peru, with all its revenues, l'lll ei q th e ""' h ypothecates as security far the loan tad kirtueto produce of the exports of guano to e g, b if e tt nl. It farther pledges itself to 17- ' h e - much el sarY, as additional security for this 4 11e,„ .. a0 ee utore of the proceeds of the said exports t tlietVeat e PaY he herea ft er made available by the s Nel l ,cleel ex ..„the former loan.' And the appearer 14 , a 4°40 r7 th at, in confident reliance on the na -144 Petr el . . 44 good faith of the republic of Peru, I lai„ co mmitte e I , 4cl _,the parties re resented by the afore- Ito j el rilect u ,"7 : on the faith of the contract in the li:), r Cta t t l ill tilim e l LiV ered up certain bonds of the for eionaery• loa n, mription to the said new four-and-a-half < 44 : 1 4 1 seht_tYat Provisional certificates upon such Wl' t e bati 11 t 7?,,,, Ption were issued, signed by the 4 4 ,47%4: v14 u Government, which certificates b e tel I t !, si g il e °, l nhang e d for bonds dated the 10th 4)1 ) 7%4 1 , 4% 1 4 and sealed by his Excellency Don IN 4 tykes : and countersigned by Messrs. C. a pd e ere t h trav o .1 and Messrs. C. J. liarnbro and the e 4 4 j e ci h ?f Ill th 4 hY te ll iera the Government of Peru became gad th e 0 44 ‘kllii, i lly pledged and engaged that all ha eo ,_app eir l hetihr OR contained in the contract for kal to th e 11 1 . 4. .hi ttis ue faithfully observed and kept. th e Were , t . 17 lut e ctr declared that the experts of AkiLtlet pr od zz incr e „,..'9lgdom had largely increased, 41%V t h ,,oe o rag, and that the one-half of NI that k 1 , 1 - „tual, h t he exports of guan o . to the kte rtin t eclei t , s 7ciett "Pethecated as aforesaid, was il l le e t vlzon, of "' the payment of the interest t k i d 0 the terms !its principal of the debt, ~•th.iiejlesPublie e l ,°: .... the said contract. But that k ieldt 11""tif_tlienhgoalgdeenirs61" ' , not regarding the solemn of ne aforesaid, bad, to the grievous S ke ra Q i e n e (el : l; b alau oe " Z eft!ct Bonds, not appropriated , 5t4 4 14 0 - dividends mainin g after tho payment of 4 44 4. s aid) re fo r and annual redemption of the 44 4 414 411 0 the account of, and AS the properly kj hiv rj : Nt e rscl cleys, a s security for the due p a ym e nt 44. - Vilti,,, erription of the whole of the saidbonds, . t i ; al th ra.wri and appropriated the residue or :04 ' 4 '9th' half of the net produce of the said ex itobvZ L °l ti l l :Purposes, contrary to the spirit and in- C o l't - e "hi t - ti utract, when the same was ent ered th th e ° 1 4 1 1 )44 e p t u, distinctly stated (among other things) t;! for t t stl, it.l7 . l l et produce of the exports of guano i r Zt , at t ilnae • %Nil 6 hould be hypothecated as se?u aot " e ,,,tat v - , 4 " 41 1i, l e a t 15, the capital as well as the m at th, c h at ti e , e r lkit o l Z"f whereof " the Peruvian Go lrk:, e lPir ui '''aii D A : I : f the right of paying off at par kte At th e c ' e of te a - ' ° nld not have been redeemed th •ati en , 4 ; end o ,.nr e from the date of the con thee4ted Re Il lif fi lms Pf uleh period the surplus aecu the* lin sfore u i c c the ene-half net produce, kypo -1 The E i h, red oeilked b y ' cr mid be equal to the amount of *°ka, Ibleut "'h." 2 during'l B°f th e precious metals direct from lobornces of week to Thursday last comprised T h e lon gue. w eek and 50 ounces of gold, all kl tivi• 1 ekt r. Isu p„,_ , NI 5 ., ° 4 111 e1y ii,..2.44Us continue very firm, but with St tli i f `ited business doing. Consols have e. 'Pith i , ° r Tr ap f • ,, ck 4 4, nudi ti h © ter, and 91 1 to ;I- for Account. Itit Qt tog. riail to honey sales a few days since ,!i t o nt o. ha v ~_L c' be scarce again. The New 3 N t ,li. - h e ° sell 92 to /, and the Reduced .k t i i .La tlia s t :a li k Stock has been firm at 212. ~Fo tq ller gi u ban been done at 222 to 223. titii Cents Uritie s "h t ,,, ei gn s ee 3 a re B e. premium. Itsti • hay are quite neglected. Spanish , ow e e been dealt in at 364, being again te4 11 !. Th I tl 4 pi" e Turkish Bonds are heavy at c 4fo ll o 93 . e CM Stock has been quoted 991, N 144 ,-,; , 4 "rit ag a . kb t , „.. k ~..--rena d r !tke nominal prices of foreign 4 A lf "' 11 , a ,lieferred Bonds, 5 to 6 ; Mexi litlitto'slia:l9 t 3 ,0 -r si eru v i an, 70 to 72 ; ditto Three %,,, w, - , 11 88ia. ._ ; Portuguese Four per Cents., Ale, ; : lr. aod 4 Pyre per Cents., 100 to 102 ; , 1 , ) tto Qt o m tst 4 ew I) `" e a - ,, , 13a1f per . Cents., 89 to 91 ; 1, 1 444? % 61 , tu•red, 17i to 18 ; ditto Three 3 1, 0 3 , -7 . 1 , 1 1)r oe, 4 , d ; ditto Certificates, 4i to 4 i; Xiii blizailway to 4i„ 1) 0 7 for ei ket val B hares there is but little inquiry. I t ts t 114 4 til l% e ns) however, are generally firm. the ° et: sligh t n supported, and Groat Luxem ii MI % a,l l , Y Improved. 11 4, " thib i N 41i cla: 1 0 4 " are nominal, the banks quiet, .fide i h e tli r e The enapany's shares have risen 2/. to eat h 7 2 4l 4o ,,l'ance in this security lately 41,11., -e n Vis, but is evidently due to bona, -4Sti z , Cr , l , St, (A, 4 11S DAY.—CLOSING PRICES. I t t :2,k -I " g itc OtfiCiai List. ) k () Z 'fed . Business done I IN 1 t... tze,;i ................... ........ 212 t lk lia RN (% ; ° 4l Ol l A 44,l iiitiee . 9l i i 41 4 - tkt, A,naiti e bh.1104,.. .. • 'ullities ' 4 ie m 4:, ll ; c i a iiiiii . • ktel4tg: 400 0 .......-.. ....... • l2 k ooo ris t , e4 lant ..... 25 St. 20 St. 25 8/ 28, St. 25 25 50 20 20 10 10 St. 10 St. 25 10 5 20 20 . 12 - ..... . ................ -'it th rebruarY •"''''• 1 • '44 2i ..... ' d• 8 ~ 1!.., ‘l,,'te ( . 3 ;„,...„, t ... . .............. ~,.. THIS DAY. *uh,oad,, r ult EIQN FIIND ..... ; 4 Pr. ug.,rlr, Cent. ................ i b 1 1:111i %la "Z 't t l per Cent niauluoto_ _. ................ 14tkir, 410 114:, 44 i 6 I,r Cent... ... .... 4 , i1k,014,44f,yer Cent ... .. uittt kosti,epeert. of Conp. not fun 1 bktlik Mlle ' le er cent 7 6 ii tich4!"l4 en the ................ in London- Oki -61)12 i Per Cent. 12 Gull „civ.. TWO 0 abv f. l ‘ 4 . • . 91k I, t _ . ~. • ................................ __ ... LAIN . "L'ruarY Accoont ....... --- 1 4 ' l ll 44,' tDiltiattoli, tip----ii----- op 1855.—Sir B. Hall's t , e, . o_ ,4 R .ILL . l e l r o 111)4 Intro,'" of public nuisances the ti% ell ~,netion of a bill to amena 1 with the ttle t aiti l 4 • endorsed /3 l. 11 , as a b n e d e n a f l o t kit i .. 4 Of tii ct hooB4B, which is en Viscount a titt.4). I.° 'Larne n. baronet and of ace will itilttl:lsiit," contains 163 clauses. As ours ot .lk 01,,‘ regular and minute description of the d etails t,, , :i)h of Znre, it may be brie fl y stated, for isting (le. 14Ittrill'IL a nd j ni blic, that it continues the ex two years l evga I,a o f Ilealth which is to endure for loptcd N 1 hy';'"ing et the act. The act may be the iufor duties ttl/tAtt. -.Majority of the ratepayers, who are further t4.l4heiktttl to elect local board s of health. The _ tpittitt.oabticl4rde are very m ultifari3us, and include th e sth ill g of hnl"aiehlent of sevvers and 1 ' ra provisions , 'loll _ttso"C°tl4ea, the supervision of cellars, the regnia k)(l e! 41. ,_ to streets, the supply of water, ins the re -44441ntu ithtiCti-llghter-liouses the establishment of markets kjtl,l3 kceDrrtriding of p le asuregrounds, the p it to,„ i:he by of local boards The act %II "ni:fled by the 8 cretary of State. ah l rk t? Loglaaid. e of health SIIARE MARKETS. (THIS DAY.) RAILWAYS. RAILWAY/. Aberdeen..„ lAanbg. Nottng. Bost. andEastn. Junct... Belfast & Ballymena. Birming. Wolverh. Stour Valley Birkenhd. Lancsh. Cheshire Junct Do. Chest'. di Birk., £5O and £25 Cons. Do., £2O Rlyt h & Tynlorigina £25 (issd. at £45 Bristol and Exeter Caledonian. Carmarthen and Car digan Chester & Holyhead Cork and Bandon Cork, Black, & Pass Cornwall Crieff Junction DublindrßelfastJunc Dundee Perth6tAber dean Junction Do. New Za.st Anglian Eastern Counties Eastern Union, A Stock ....... .. De., B Stock Do., New A East Lancashire Edinburgh & Glasgow Edinb. and Peebles Edin.Prth &Dundee Forth & Clyde June Furness Do. Extension Glasgow & S. Western Great Northern Do., A. Stock Do., B. Stock Sth. &West.(lre ) Great Western Do. Stour Val. Rail Gua. Stk Irish South-Eastern Lancaster & Carlisle Do., Thirds Do. Now Thirds Lancash.andYorksh Do., Fifths D 9. , Wst. Riding lin Liv.Crsby.&Southpt London & Blackwal Load. Bright & S.Cst. bond. and N. Westn. Do. Fifths Do.lo/.5h.,M&8.„: Do. Eighths London andS. Westn Do., £5O Do., .£4O Lndndrry& Coleraine Lndndrry. & Ennisk. Ilancli.Shef.& Linen Do. Shares, No. 1 Do., Man. & Lin. Un Midland Do. Birmn g. & Derby Midi& G. West. (Ire, ) Do. Half Shares Newcastle & Carlisle Newmkt.BuryExten Nwpt.Aberg. &Hrfd Newry & Enniskillen Newry Warrenpoini and Rostrevor Norfolk Northn.Connties lin North British North Devon, No. 1 Do., No. 2 Do., A Deferred Do., A B Guaranteed N. Eastern—Berwick Do. do. Extension Do .do. G.N.E. Purch Do. Leeds...i Do. York North London Do. New .£lO N. &S. Wstrn. ,Hamp , stead, and City Jn North Staffordshire , North Western N. & S. Westrn. June Nuneaton, Hinckley and Leicester.. 1 Oxford, Worcester, &I, Wolverhampton Portsmouth Scottish Central Scottish Midland ihrewsby. & Herefd Shropshire Union ionth Devon 3outh Eastern South Wales Yrksh. & Riv. Dun Do ;twines, Wok. &Wok Stockton & Darling ;;;ovkton (Sr Hartlepl Catf Vale Do. .£lO share& Do. Pref., No. 1 Chainei haven Dock and Railway Vale of Neath Watcrfd. & KilkennTl Watorford&Limeriek West Cornwall West End of London and Crystal Palace West London. Wimbledn & Croydon I A ntwelp &Rotterdam Belgian Eastn. June. Bezi ors to Graissessac Bombay, Baroda, and Central In dia.Scrip Central of Italy Demerara Dijon and Besancon Dutch Rhenish Eastern of France Do. New East Indian Do. Extension Do. 4,3 p. c. Bds., pay, '57, convertible Do. do. do., '59, do Gd. Tk of CanachkA is. Do. St. Lawrence & Atlantic do. Do. Cert. of Deben , con. into Stk. till '63 Do. Comp. 6 p. c., do. Gt. Central of Fiance Gt. Indian Peninsula Do. Now 5 per cent. Great Luxembourg Constituted Shares Do. Obligations Gt. Western of Ca.nad Shares Do. Bds., payable's7, with option till '55 Do. do., '62, p. '56 Do, do. , '76, p. '6O Do. do., '73 , without option Hamilton & Toronto Do. 6 per cent. Lake Cont. & Basle Lucca & Pistoj a 5 p. c 1 prof Lyons and Geneva 'Lyons & Mediterran. Nio.dras Do. Now.. Maria Antonia Do. do. New Namur tlx Liege (with interest) Do. (ex interest) Northern of France, D 0.20/. Shs.late Char• leroi and ErquelineE guar. 3$ p. c. & red. at 22.',1. dur. 88 yrs. from 1 Jan. 1854..., Do. 201. 3 p. a BclF. (fmy.B.&Ams.Shs.: NorwegianTrunkPre Paris aild Lyons , Ditto Bonds Paris and Orloans , Paris and Ronon ParisCaen & Cherbrg Rouen and Havre Royal Danish Royal Swedish Sambre and Meuse Do. 5 p. cent. Prof iouthern of France St. Andrew's and Quebec (A) West Flanders Do 5 per c. Prof_ Western of France , West. of Switzerland Wiesbaden Zealand JOINT-S' ' Australasia British Colonial Bank and Loan Company British N. American Chartd. Bank of Asia Chrtd. Bnk. of India, Australia, & China Colonial Commercial of Loud English Scottish and Australian Loud. Chart. Bk. of Australia Ditto New . London and County.. London Joint Stock.. Lond. & Westminster National Provincial of England Do. New 10 22?', all all all all 2?, 10' National of Ireland Now South Wales ' Now Bank of Corporation Provincial of Ireland Do. New Royal Australn.Bllg Go:d Imp Co South Australia Union of Australia Do. New Union of London i,„ (Closing Prices this day. 20 - 21 4i - 4i ..• ••• si —8; 12 11 d 16i -17 i 74 -- 61(1, 94 - 96 61i -62 i ... - ... 121 - 1'.3 ••• •••.. ••• 3A .... 2A 6 - 7 14 - 15 lli - llg 29 - 31 19 - 21 73 -- 75 55 -- 57 2d -- par 19i -- 20 ..• -.. 70 - 72 89i - 904 72 - 74 126 -_l2B 90 - 92 65i - 661 60 - 62 74 78 7 9 9 74 r- 751 41 8 103 101 d - par - d - 86 • 71 1 - 7 ej '''' ••• -24 i - 84 70 - 43 .''.. ••• i► 9 d - 51 ~. 3i 10 - 7., 761 sid - 134 - 53 A? 11 —41 c, i p ... •• • - 32 - 100 I - 62 1 - 9 1, - 47 691 - ''''. •••' - 39 3 - 16 17 3 - 44 23 - 5 54 - 64 • -- 6 - 1• - 1 - 11 4 - 3• Par i P P -2 324 - 82 54 - 6i 1 - li - iP 8i 11 —10 d 88 90 24 3r par I p Par iP 24 - 3 28 2j IGi 17 97 7-- - - 1601 93 95 2 d par 97 -- 100 ... (lis 2 2ip la 2 - - Ca i - 71 iii = 34g 12! 84 - 9A 211 -213 p 47 49 42 44 Pro 22 Ad P jd 7i 81 ... .... ••• ••• ''.-. pm 3i- 31 7 - 7ip iiii - li BA.NKS. 80 - 82 •• •• 1C1...1•d 3 - 21i . - - A - RP 33 - 35 37 - 39 38 - 40 65 - 67 7 9 let = 19 Business done this day. 62k a d 66 i I 00i d d 85 102 x d 1001 1 i i 49 3 30 • 67 6; x a THE SUN, LONDON, SATURDAY EVENING, FEBRUARY 3, 1855 . PREFERENCE SHARES. ..,..t4'.'litr_it V.Zblttom THE MINISTERIAL CRISIS. (From. the Press of this day.) Wo have reason to believe that the Earl of Derby did not decline to form an Administration when graciously consulted on that subject by her Majesty. On the con trary, we are assured that his lordship pledged himself that under no circumstances should her Majesty be left without a Ministry, and that he and his friends were perfectly prepared to form one if all efforts failed to con struct a strong Government, which the interests of the country required. With this view we hear that the Earl of Derby advised her Majesty to have recourse to several combinations before the Queen should appeal to a party which, though singly the most numerous in the House of Commons, cannot command an absolute majority in that House, and had already been defeated by the com bined sections. The application by the Earl of Derby to Lord Pal merzton to join the intended Administration and take the lead of the House of Commons, was one of these combinatiew, and was an arrange:writ, we have reason Lo believe, pressed upon the noble earl by Mr. Disraeli, with whose praensions to that post it might seem to conflict, There was only one feeling in the Conservative party, namely, to merge all individual claims fur the sake o f giving the country the advantage at this critical period of a strong Government. There were no sacrifices which the Conservative leaders were not prepared to make, so long as the arrangements they led to were consistent with personal honour and the essential pri;;- ciples of the Conservative party. We have understood that the application of Lord Derby was mot fa,vonrahly received by Lord Palmers ton, the noble lord expressing his readiness to serve under Lord Derby, and his sense of duty, which ought to influence public men at this moment in rallying round their Sovereign. His lordship, we are assured, stated, as was anticipated, his difficulty in joining the Adminis tration alone, and the names of two of his friends, Mr. Gladstone and Mr. Herbert, were mentioned as those of persons he wished to accompany him. No obstacles were urged to such an alliance, both these right honour. able gentlemen having been originally, and for a long period, members of the Conservative party. The inter view with Lord Palmerston was so satisfactory, and promised to be so conclusive, that the Earl of Derby, it appears felt himself justified in returning im mediately ,to the palace and informing her Majesty of the prospect of a result anxiously desired at this critical moment by her Majesty, viz., the formation of a strong Conservative Government. About midnight, after a suspicious delay of ten hours, a communication from Lord Palmerston was received by the Earl of Derby, closing in a very unsatisfactory manner the negotiations, and forwarding communications from Mr. Herbert and Mr. Gladstone in the same spirit. Lord Lansdowne was yesterday morning summoned to the Queen at Windsor Castle, aid had an interview with her Majesty. The Queen and Prince Albert afterwards came to town in a special train, together with the Noble Marquis, who subsequently, it is stated, had interviews with Lord Palmerston and Lord John Russell. Eight •'clock p.m.—lt is reported that Lord John Russell has been "sent for," and is engaged in forming a Government. Assuming the truth of this rumour, it would seem that a reconstruction of the Coalition is despaired of. Had such been the intention, either Lord Palmerston or Cla rendon would have been called in. It is probable that Lord John will attempt a union with those friends from whom he separated himself in joining Lord Aberdeen. Neither Lord Palmerston nor Mr. Gladstone are likely in that case to take any office in a Cabinet which would be composed of purely Whig elements. We do not regret the failure of Lord Derby's attempt to construct a Government by union with Lord Pal merston. That attempt was dictated by a sense of public duty, and was made in compliance with the wish of a considerable number of Conservative members of the Legislature. Through the refusal of Lord Palmerston the formation of that great neces sity of the time, a strong Government, is, we fear, wholly impracticable. We do not understand the mor tification which this abortive result must occasion to the party which acknowledge Lord Derby as their leader. But it is only right that the extent of his failure should be defined. He has failed to effect a junction with Lord Palmerston—nothing more ; and a failure on this ground is infinitely more consolatory to us than if it had arisen from dissensions or jealousies among his own party, or from the inordinate pretensions of any members of it. While that party remains united and true to itself, we shall never despair of the security of our constitutional system, or of its inherent power to eventually overcome all obstacles which may exist to the formation of a firm and truly national Govern ment. But should that party, from any circumstances whatever—from the weakness or selfishness of indi viduals, or from any such dereliction of principle as re cent times have presented us with too many examples of—bet broken up, we shall regard the future course of events with the gravest apprehension. Tho Conserva tive party of late years, though it has had little part in directing the actual administration of affairs, has had great influence en preventing crude changes, and in checking that systematic corruption of whi c h so many diegracefel examples have lately been made public. Were this party to be dissolved, its salutary con trolling power would be lost, and with the utter wreck of all political principle, and the ' disruption of all party ties, Parliamentary con tests would sink into vulgar strife for place, and the Legislature would lose the respect of the people and the moral authority which now attaches to its decisions. When Lord Aberdeen placed the resignation of him self and colleagues in the hands of the Queen, her Ma jesty had simply tocon-ider whether she should call to her councils a represent dive of the majority of 305, which overthrew the, late Minister, or a representative of the minority of 14S, which supported it. As a con stitutional Sovereign, the course to be pursued :vs..; too plain to be mistaken, aurl, misatisfact o-y as the result has proved, sse heartily rejoice that this course was taken by the Queen, as it ti v ill srrve to dispel a conception which has lately gone abroad, that there was an influence at Court adverse to the formation of a truly independent Ministry. In sending for Lord Derby, the Queen walked in the straight, broad path of the Constitution, and fulfilled, we will venture to say, the hopes and ex pectations of a great majority of her people. In the Peers, Lord Derby could have had no expecta tion that he would meet with serious, or at all events with inconvenient, hostility. His decision must have been regulated by the fact that his party was in a minority in the Commons, and that it was liable to be outvoted unless ho could increase its strength by the adhesion of some statesman with a considerable personal following. For our own part, we should have viewed the presence of Lord Palmerston and his friends in a Derby Cabinet with great distrust. We are not insen sible to the weight of experience which must attach to an Administrative Parliamentary career of forty years, in the course of which his lordship has filled many offices, and joined Ministers of every shade of political opinion ; but we should have thought it very questionable whether his lordship's peculiar talents and experience, even when added to the votes of his friends, would have made amends for the uneasiness with which this fusion must have been regarded, and the division which it might have intro duced into the Cabinet. Lord Palmereton'is proceedings in connection with the late Government have not tended to raise his character. No intelligible explanation has ever been given of his sudden retirement from the Aber deen Cabinet a year ago, and his equally sudden return to it. We have witnessed him for some months past a constant defender of all the acts of that Ministry. He was satisfied with its construction and measures up to the period of its dissolution. In a word, we think that Lord Derby's Government would have been essentially stronger without Lord Palmerston and his friends than with them ; for the real strength of a Government at the present crisis would depend much more on the unity of its councils and the complete confi dence felt by its members in each other than on individual reputations, or on calculations of the few votes they can command. Undoubtedly the Derby party is in a considerable minority in the House of Commons ; and while a chance remains that a Government can be constricted likely to command the support of the majority, opposite as the elements of which it is composed may be, and widely as its objects aid opinions may differ, his lordship acts wisely in declining to assume the powers of Governreest. A minority can only conduct the business of the country by the forbeara.nce of its opponents, or of that class known as independent members ; and the result of the ex periment of 1552 shows how little that forbear ' ance can be relied on, with the House ef Com mans constituted as it is at present. Should it be found that no other Administration is possi ble, the Legislature would be bound to refrain from any active opposition to it, and it would be in position to carry whatever measures it deemed essential for rescuing the country from its difficulties, ancic it isarriyng it triumphantly through the contest in which engaged. In the temporary failure of Lord Derby to effect !etch an arrangement as would insure the ministry he might form a majority in the Commons, we see no ground for discouragement. The Conservative party remains nnitei, and in this union consists its virtue and its strength. If it suffers itself on any pretence to be divided, its power is gone, and the only solid security left us for the honest, legitimate, and effective working of our constitutional system will be lost. The party must by this time perceive its deficiencies. It has not ap pealed to the country with sufficient boldness, nor been nearly so active as it ought to have been in organising its forces and hi testing the opinion of con stituencies. It is lot true that " the battle of the constitution is to be fought in the registration courts," though the registration demands much more attention than the party has given to it ; but it is true that the battle is to be fought on the hustings. The con test in the Legislature conies too late ; votes, not rea sons, then bear sway. With forty or fifty more sup porters in the Commune, Lord Derby's task would have been an easy one, and if his party really hopes to bear an active part in the Government of the nat'on, it must shake off its lethargy, ask itself how it is that for so many years past it has been playing a loiing game, and resolve to devote itself heartily to the work of increasing by every constitutional means, its influence in the coun try, and its strength in the Legislature. Public spirit is the first, the second, the third requisite necessary to convert what, at worst, is just now but a check into a certain victory. The present policy of the party is, strict reserve OR the political combinations which may be attempted, and the disinterested support of measures by whatever men proposed, which aro necessary to rescue the army from the miserable state in which it is Plunged, and restore the country to the high position: t ought to hold as a great European Power, and, iip lte of ell that may said to the contrary, „ gr eat military* nation," Aberdeen.., Do. No. 2, 7 p. 0 Blyth andTyn® 1 0 per c. pref. (issd. at 500 Bris. k Ex. 4 p. c. St. Do. 4 p. c. Shares Caledonian £lO Chester & Holyhead Guar. 52 per cent ' De. do. Pref. No. 2 Do. do. Pref. No. 2 Cork &Bandonsb.c Dundee Perth &Aber deen Junction Eastern Counties Ex tension, 5 p. c. N 0.3 Do. No. 2 . Do. New 6 r . c. St. Eastern Union, Gar per cent Do. 51., 10 per cent Do. 16/. Debentr.Sh- Do. do. 4 per cent East Lancash. 6 p.cts East and West York shire Juuc. Fifths Edinb Prth. &Dunde( 4 per cent. Glasgow & S.Westere Guar. 5 per cent Great Northn. 5 p. c Do. 5 p. c. Redeem., at 10 p. c. prem Do. 4i p. c Do. 5 p.c. Scrip, Red at 5 p. c. pm. Gt.N. of Scot. Ist Prof Gt. Southn. &Westm. (Ireland) Eighths) Do. 4 per c. Prsf. St Gt. Wostn. (Berks Hants Ex. 5 p. c) Do. con. red. 4. p.c Do. con, red. 4 p. c Do. irred. 4p.c. Do. Birm. Prof. Sh Do. Choster 8 p. c.P.S Do. do. 5 p. c. do Do. Birm. Gua. Stk Do. Ches. Gus.. WI Do. do. do Do. do. do Lan. &York. F. £2O Do. 6 p. c. Stock London and Brighten Guaranteed 5 p. Do. Pref., 5 p. c. St. Do. New Guar.6 p. c Lon.&N. W., Coy. L Nuneaton 5 p. et London & S. Weston Con. Thirds Gondonderl7& Color Shares iLondy.&Ennis. t i Vian., Sher., & New. Do. a Nfarypt .& Carl.4p Du. 4i per cent Do Aid. Consol.6 p.c.St. Do. Consol. Bristol & Birm. 6 per cent.... Do;Pref. 4i per cent Norfolk Debenture Do.Prcf. 4 p. c. Stock Do. 5 p. c. Est Do. 5i per ct. Do. Way. Val. 5 p. North British N. E. Berw, 4 p.c. P Do. 110. do Do. Leeds 6 p.c ;Ne.l Do. do. Quarters 48 De. York H.& S. Fur. North Staffordshire Oxford, Worcester, & Wolyerh.Xls, 6 p.c. Scot. Cent., New Pref South Devon Do. fixed, 4 per cent S. Eastern (Reading Ann.) of £1 Os. 6d. S. Wales Gus.. 4 p. c. Do.de.4 p. c 3. Yorksh.4p.c.Guarl Stockton and Dar- 99 - 101 90 -93 95 - 97 51 - 6.} - 11 A - I 121 - 13 •• • "..." ."" 59 - 62 lii ---_ ia 109 - 111 100 - 102 i - 4P 6 6:4 95 ST 88 SO 88 90 91 10.1 9/ 161 1t 6/ 70 T 2 19 —19 k 9i —9/ 14! —14 i id 133 -- 135 • •• ..." 0., 2i- 31 12 -12 A a IP- 133 135 14 ld - 89 104 -10 G 101 - 102 90 - 92 I - 3i i is 113 - 115 lington, 5 per cent. Do. do. do. Stockton and Hartle pool, guar. 5 p. c. till Ist July, 1856 12 14 id par 23 24 ii "::: 1i ' ••• - • ••• id -- it MINES. 1 all Agna Fria ...... 1 all Anglo Austria. Gold 10s. all Anglo Califoraian 20 6 Australian... t 14 1 all Australian Cordillera 1 all Australian Freehold 1 all Ave Maria - -- 1 all Baden (Gd.Dachy of) I 50 all Bhenarvon Iron and Coal. 20 13.5 British Iron SA 35 24 Brazilianlmp.(issued at 25 pm l/— 21 30 all Do. Cocass & Cuiab 1 1 A 20 15 Do. St. John Del Rey 28 —ao 1 Carson's Ci•ec)k 1 Clarendon Cons. Min, Co. of Jamaica id par 40 all Cobre Copper 45 47 5 1 Colonial Gold St. all Copper Min. of Eng 5O 55 25 all Do. Pref. 71 p. cent par 2 ... 16 Copiapo l6 18 5 all English and Austin Copper Smelts Co 11 2 2 Fortuna — id 20 all General l4i 161 1 all Gt.NuggetVoiulteg, 1 4 all Great Polgooth. 1 all Liberty - • 3 all Linares 7i 5 1 Lusitanian gd 1 all Aariquita. 1 all New Granada 1 all New Linares Mining and Smelting Co..t. 1 all Nouveau Monde 20 all Pontgiband Silver Lead Min. & Smelt. 13 5 1 Port Philip 1 all Quartz Rock 50 all Elliyinney Iron 2l 23 15 all Do. New 5 6 30 11i Santiago do Cuba__ 4 4A 1 all South Australian 1 1 a 10 7.1 ; 'Pin Croft 28F all United Mexican 2/ 2i 1 all Waller — 1 all West Mariposa..,,,,,, 1 12s. Worthing Mining of Australia 1 all Yuba STATE OF TRADE. MANCHESTER, Jan. 30.—The market continues dull and spiritless, and prices are drooping and irregular. German houses are doing next to nothing, owing to the frost. India goods are extremely flat. Home trade buyers only purchase from hand to mouth. Altogether a very unatisfactory market. Feb. I.—There has been a very quiet market to-day ; few business transactions being effected either in cloth or yarn, and prices remain unaltered from the quotations of Tuesday. The demand for the shipping trade is dull, buyers for the Mediterra nean market being the principal purchasers. NOTTINGHAM.—The general position of the commerce of this town, as regards both lace and hosiery, is far from being in a state upon which we can report any thing favourable, but from this condition a reaction will naturally occur as warm weather approaches. It is sup posed that the present severe weather is detrimental to the lace and some portion of the hosiery trade. We think differently, as under existing circumstances shop keepers are enabled to vend their stock of winter goods, enabling them thereby to make room for a more exten sive assortment of such goods as are suitable for spring and summer wear. It is doubtless fortunate for the commercial world that a change in the Ministry did not come later in the season, as such changes generally are attended by temporary derangements of mercantile affairs, but which at this season will not be nearly so much felt as if it had taken place a month or two hence. —Nottingham Journal. LEICESTER.—Except in Government orders, every branch of our manufacture is extremely fiat. The Ame rican demand for Canadian orders, usual at this season, has fallen off. Australia is glutted up, and goods are being re-shipped for England. Our union poor-houses are filled with paupers, and instead of being now busy in producing for the spring demand, manufacturers seem paralysed. Yarns and wools maintain their price.— Leicester Journal. WOOLLEN TRADE. LEEDS, Feb. 2.—There is no change in the state of the woollen trade. The markets have been slug gish this week, and only an indifferent business has been done. Both on Saturday and on Tuesday There was a slender attendance of merchants in the cloth-balls, and no disposition was shown to pur chase, except where some inducement was offered in the price. Several of the mills in the surrounding district are running short time, and the manufacturers are in many instances curtailing their operations. HUDDEESFIELD, Jan. 30.—The market still remains very quiescent. We are not able to state the slightest improvement upon our last. The dulness extends both to the Cloth-hall and the warehouses. IZOCIIDALE, Jan. 29.—W00l has been more than usually flat, there being no demand for it ; and the dealers would have been willing to take a small reduc tion in price. 10-d x s V Jan. 27.—We have b u t littl e d o i ng in lobe piece beyond a few small transacti ons i n l ow gocannot vary our last week's repo r t o f th e yarn trade. IA market,F \A The Rev. William Nixon, 8.A., has been instituted to the vicarage of Sutton, in Suffolk, on the presentation of the trustees under the will of John Nixon, late of London-fields, Hackney, in the county of Middlesex, gentleman ; also, the Rev. Robert James Clerk has been instituted to the vicarage of Übbeston, in Suffolk, on the presentation of the Rev. Edmund Holland, of Ben hall-lodge, in the said county, clerk. The father of Mr. Savage, senior wrangler at Cam bridge, was once a Baptist minister ; he is now a Uni tarian, but does not preach. Others of his sons have distinguished themselves at King's and University colleges, SUN OFFICE, Six o'Clock. THE MINISTERIAL CRISIS. LORD PALMERSTON SENT FOR BY HER MAJESTY. Wo understand that Lord Derby was sent for a second time by her Majesty, and the result of the interview has led (as we anticipated in our first edition) to Lord Palmerston's being sum moned to the royal presence this afternoon. There is, therefore, every prospect that the hopes of the country will be gratified by the noble lord being placed at the head of the future Ministry. We believe that at the interview which took place this morning in Chesbam-place between the Noble Lord and Lord John Russell, the lat ter Noble Lord promised his unqualified support to the Administration in the event of his not be coming connected with it. LATEST FROM ASIA. The following has just been reeeiyed, via Con stautinople The site of affairs in Asia is deplorable. If the English are bad hands in the management of their commissariat, the Turks are ten times worse. They have an army of 25,000 to 30,000 men at Kars, and provisions for six weeks, in a country where snow covers the ground for three months without inter mission, where no roads exist, and starvation con sequently will soon stare the poor devils in the face. The army has been for two months without a Imushir ; the ex-general in chief, Zarif Mustapha Pacha, was a sine qua non lon g b e f ore h e qu i tted. In fact, matters in that quarter were in such a i desperate condition that appeal was ma d e to h er Britannic Majesty's Government for an efficient officer to proceed to head-quarters, and point out the evils. Colonel Williams was entrusted with this delicate mission ; he proceeded to Kars, detected robbery, theft, and yillany in every nook and corner, committed by the officers of every grade ; rations for three times the number of troops that were in camp were passed to the account of the Government by these blackguards. Now Zarif Mustapha, like his three predecessors, is in quod in Constantinople. The two gelira Pachas both ran away from before the Russians at Bayazid and Batoum, and will be tried for their treacherous conduct. The famous Bashi-Bazouk chief, Hassan Zazigi, was in league with the band, and all the disorders committed by his freebooters were con nived at. If peace does not come on at present, the war in spring will be carried on with energy, and it is more than probable that European t;oops will co-operate ; consequently, let public attention be drawn to the above facts, that whe n th e proper timecom es on we shall not be impeded by hin drances. MARKET NEWS-(THIS DAY.) COVENT GARDEN. supplies apricots, limited pplie sof Owing to the seVerew E e nF agrtlihusieht r :w B ve sa s t r c y t:. dull b ut u vegetables were on sale to-day. The demand fortehrnt 10s per them ste F a n dy u , ir o . n_h p ig in h e er ap te p r l m es s : Os to Os per doz. ; hot-house grapes, 68 Od to 12s 0 2 d e p o e d r lb to ; foreign ditto, 10d to is 8d ; melons, Os Od t o Os each peaches, Os Od to Os; nectarinresb,uossheOld; to pe Os ars, p apples, 4s Od. to 8s Od per Os Od per half sieve ; Orleans plums and green gages Os to Os Od per punnet ' • ditto, Os to Os Od, and common pl ums, 3s 0 i to Os Od per half sieve; cherries, Od to Os per pound ; lemons, 6d to is per doz.; oranges, 3s fid to 10s per 100; fil berts, 93s per 100 lbs ; cobnuts, 180 s to Os; almonds, Os to Os per lb. ; walnuts, Od to Od per 100; figs, is Od to 2s Gd per lb, VE red d G it E t T c. A . 2 13 8 LE t b.— o4 s S a o v d o y p e c r a b d b o a z g e e n s , ; 1. Od F r e t n o c l h s 6 b d p e an e a ': d o o s z e o n a ; to Os per half sieve ; brocoli, is 6d to 2s per bundle; potatoes, 95s to 130 s per ton ; vegetable marrow, Od each ; peas, Os Od. to Os Od per bush.; broad beans, 9d to is per half sieve ; turnips, 4d to 5d per bunch; carrots, 8d to 10d per bunch ; cucumbers, is 6d to 2s Gd each ; garlic, 6d to Os Od per peund ; spinach, 3s Od to 3s 6d per sieve ; onions, 2s 6d to 4s Od per bush. ; Spanish ditto, is to 3s per doz. ; leeks, 4d. to 5d per bunch ; shallots, 6d to 8d ; horse-raddish, 2s Od to 5s Od per bundle ; parsley, 5d to Gd per bunch ; celery, is 3d to 2s Od per bunch ; endive, 2s Gd to Os per score ; beet, is Gd to 2s per doz. ; parsnips, is Od to 2s Od per dozen; small salad, 3d to 4d per punnet ; mushrooms, 2s Od to 2s 6d per Pottle ; artichokes, 4s to Os per doz. ; cabbage lettuces, Is 6d to 2s per score ; sorrel, Gd to Is per half sieve ; radishes 9d to 1s per dozen hands ; tomatoes, 3s Od to 4s Oa per 12,611" afore ; chitties ' ltrto Is ed per 100 ; B russe l s sprouts, "le Od to 3a Od per half sieve; capsicums, is to 2s por 100. NEWGATE AND LEADENHALL. Turkeys, 4s Od to 8s Od ; Geese, 5s Od to Gs 6d each; Ducks, 2s Od to 3s 0(1 ; tame Rabbits, Os Od to Os 0(1;1 wild do , is to is 6il each ; Pigeons, Fs to Os per doz. ; large Surrey Fowls, Os Od to Os Od ; middling, 2s Od to 3s Od • Chickens, is Od to. 2s 3d ; Capons, 3s 6tl to 4s 6:1; Hares 3s Od to 3s 6d ; Grouse, 2s Od to 2s 3(1 each ; Partridges, is Od to 2s Od; Pheasants, 2s Od. to 3s 6d; Leveret-, 2s Od to 2s 6d. each. Ost en d f res h b u tt er , 12 e Od to 14s Od, and English 13s Od to 16s Od per dozen lbs. English Eggs, lls Od to 12s Od; French ditto, 8s Od to Os Od por 120. NEWPORT. Boof from 3s 2d to 4s 4d ; mutton, 3s 4cl to 43 4d ; veal, 4s 4d to 5s 4d ; pork, 3s Od to 4s 6d per Sibs. HITECHAPEL. Beef, 38 Od to 4s 4d ; mutton, 38 2d to 43 Gd ; veal, 4s 2d to 58 4d; pork, 3 a Od to 48 4d per Blbs. by the carcase. BILLINGSGA.TE. Turbots, 2s Gd to 15s ; Brills, is Od to 7s each; Salmon, 3 3 t o 4s Od per lb; Cod Fish, 4s Od to 12s each Soles, 3d to is 9d per pair; Eels, 8d to i s O d per lb; Lobste r s, 8d to 2s Gd ; Crabs , 8 d to 2s 6d; Whitings, 4s to 6s per doz. ; Common Oysters, 12s to 16s ; Natives, 40s to 50s per bsh; Mackerel, 50s per 100 Smelts, is Od to 3sod per doz.; Shrimps, 1s 6d t o 2 s Gd per gallon; SBkaloatr6sa, i t s o Gll s t p o er 2 i s b; Odper doz. ; Fresh Herrings, 5s Od to Os per 100. ; Scotch do., 6d; Sprats, 3s 6d to 5s Od per bushel ; 'lloreys , 2 s Od to 7 s. each ; Haddocks, 4s to 12s per doz. ; Pike Gd ; Sturgeon, bd per lb ; Prawns, 2s Gd to 3s. BREAD. The prices of wheaten bread in the metropolis aro from 10d to lid; of household ditto, Bid to 9id per 41b loaf. SKINS. HIDES AND 3(a to 3id ; 721 b to 801 b, 3id to aid ; 801 b to 881 b, aid to 4d ; 88 3 id to Od ; 641 b to 721 1 4 31d to 11211) Od to Od ; upwards, Od to Od ; Horse hides, 5s Tht r o ket 96 7 4 s, (l s6 t l o b 4 t i o d 64 ; 1 96 b, 1b to 6d to Os Od ; calf skins, light, 2s Od t o 3 s Od ; ditt o , f u ll, 1041 b, 41d to Od ; lCi Gs Od to Os Od ; polled sheep, 6s 3d to 7s 3d ; Bents, 5s 3d to 6s Od ; Half-brods, 5s 3d to 6s Od ; Downs, 4s Od to 5s Od ; Lambs, Os Od to Os Od, HAT MARKETS. :SMITHFIELD. —Meadow hay, 31 Os to 41 15s Od ; clover ditto, 31 5s to 5115 s ; and straw, 11 4s to 1/ 12s par load. A. short supply, and a steady trade. UM hay, 31 Os to 41 16s ; clover dit C to3 B / E I B A N 0L0D5.1-15Ms CUMBERLAND.—Meadow straw, 114 s t o 1112 s per l oa d. Supply limited, and trade tolerably fi rm . WHITEOHAPEL._Meadow ha'', 21 181 to 41155; clover ditto, 31 5s [to 61 Os; and straw, 1i 41 to 11 12s per lead. Both bay and straw sold steadily, a t full prices. LLOYD'S SHIPPING—(Tiris DA Y.) LONDON, Feb. 3.—Wind and weather this da y at noon, east, light breeze and dull hazy weather. The re has SOUTHAMPTON, Feb. 2.—Wind, R of a wreck have been a sharp frost during the night, but it i s now thawing. —S• .E., strong, s • d Sailed —Parana (s.), for the West Indies. PORTSMOUTH, Feb. 2.—Wind, E. 1-, vr by •LA•I a gale.— Ar rived—Edgar, from New York for Antwerp; m altritins (s.s. transport), from the Crimea and Scutari. Sailed Snowdon Snowdon (s.s. transport No. 190), for the Crimea. come l. ismasted vessel wrecked on the shoals of the Grays temehoourrer[e,t St.FebA. Anthony, n 2 t . h — on S y om , s o up p p or o t s i e o d ns from a pieces ; crow — Ca W p beSrtWßArNigshut; fForebt.h2e. B, s t rong . ._put WIVENHOI, Feb. 2. W ind • — Put back—The Elizabeth, with damage to bows, from collision. LEITH, Feb. 2.—Sailed —Alma, for Melbourn e . eiridde'VßerdBs.ailad—°ll:2l:' janand.B,3oo.. BREST, Jan. 29.—Accounts from Concarneau state that the Irene, from Sunderland to Bordeaux, was driven on picked up by a revenue cruizer. . shore at the Glenau Islands, and went to CONSTANTINOPLE, Jan. 22.-T he A rnetdale (transport), which was driven on shore near Gallipoli. on the 11th, has been condemned and will be sold. The woather is again fine and mild. 1 BELFAST, Feb. 2.—(Per Bloc. Tel.)—The Alemno (ano ther report says Atumne), schooner, of Workington, is on shore at Ballycastlo, and is expected to become a wreck. 3, off south part of crew The CemorVo,EfrSoSmELpSadS:gotl: E:TestWen:TvrHitih weTstheenFaloorfa,TfirnoilonreS.hanghae to London, O c t . sick and short of provisions, supplied, Dec. 23, lat. 31 N., long. 66 W. The Cambria, of Liverpool, Jan. 23, lat. 50 N., long. 11 W. The Hendrick Hudson, from Liverpool to New Y or k, Jan. 14, lat. 50 N., long. 20 W. The Mersey, from Callao to Qu eonstow n, Nov, . 2240,, offo the Falkland off Cape Horn. The Susan Isles.G.owen, b ou nd to California, p (BY SUBMARINE AND BRITISH TELEGRAPH.) GRAVESEND , Saturday, 9.55 a.m. Wind, N.E. ; tide, first hour's flood ; frosty. Arrived—Albert Frederick, from Landscrona ; Amilie, from Patras ; Albion (s.), from Boulogne. DEAL, Saturday-, 9.33 a.m. Wind, S.E. by E. ; fro* with rain, No arrival'', THE ROYAL BRITISH RANK. Yesterday the annual general meeting of the proprie tors of this company was held at their banking-house in the Strand, to receive the report and abstract balance sheet of the bank for the year ended on the 31st Decem ber last, a declaration of dividend for the last half-year, and to appoint auditors and directors fcr the ensuing year. Mr. Charles Walton, the governor for the past year, occupied the chair. Mr. PADDISON, the solicitor of the bank, in the ab sence, from illness, of Mr. Cameron, the general mana ger, read the report of the directors for the last year and accompanying statement of accounts. Mr. GILLOTT, in moving the adoption of the report, congratulated the meeting on the removal of the impe diments which had long been thrown in the way of their obtaining a supplemental charter, by which they would be enabled to increase their commencing capital from 100,000/., as fixed by the original charter, to 600,0001. Some of the shareholders might h ave thought that a larger dividend would have been allotted to them this year ; but, for his part, he thought that small dividends were the safest to declare at the outset of an important trading concern, as they might now consider this to be. (Hear, hear.) • - The motion for the adoption of the report, having been seconded, was carried unanimously. The meeting then proceeded to fill up the vacancy caused in the direction by the death of Mr. Ruston, on whom the chairman passed an eulogium for bi ability and integrity, and the great services he had rendered to the bank from time to time. On the motion of Mr. W. S. 011E1; Mr. Alderman Kennedy was unanimously elected a member of the board of directors in the place of Mr. Ruston. Mr. Archibald Spens wit, then unanimously elected a director in the place of Mr. James Baring, who retired by rotation, as was also Mr. 0 wen, in the stead of Mr. Charles Walton, who retired in the same way. On the motion of Mr. GILLOTT, the usual allowance of 2,0001. was unanimously voted to the court of directors for their services during the past year. Mr. Thomas Chandler and Mr. Thomas Page were rep elected auditors. Some conversatioa, originating with Mr. C. B. gel ham, ensued, as to the desirability of ebtaining more eligible head-qaarters for the bank than the present building in Tekenhouse-yard, the result being that the meeting was of opinion that at present it would not be prudent to remove from that locality. A dividend of 6 per cent., free of income tax, was de clared ; as was also interest at the same rate on the scrip for the new shares. A vote of thanks to the chairman terminated the pro ceedings. PARIS AND ROUEN RAILWAY. The general meeting of the !shareholders of this com pany was held on Wednesday, at the terminus in the Rue d'Amsterdara—Baron de I'Esp6e in the chair. The meeting was unusually numerous. The report stated that up to the 30th June last the account of the con structions and establishments amounted to 75,338,902 f. 65c. Since then there had been added, for various pay ments, including 4,350 f., as part of the subvention of 16 millions to the Cherbourg Company, a total of 5,123,218 f. 47c., which carried the whole account to the sum of 89,462,121 f. 12c. The receipts for the half-year ending Dec. 31, 1854, have amounted to 6,439,646 f. 55c., and the expenses to 3,219,082 f. 52c., leaving a net proit of 3,220,614 f. 3c. As the profit of first half-year was 2,163,889 f. 790., the profit for the whole year was 5,384,503 f. 82c., from which sum must be taken for sink ing fund, projector's shares, payment to the Dieppe Com pany, &c., &c., 702,925 f. 57c. ; total, 4,681,578 f. 25c., or 65f. per share, for the whole year. But, as a sum of 27f. 50c. had been paid per share for the first half year, the dividend now remaining to be paid was 37f. 50c. per share. As in that amount a sum of 12f. 50c. was in cluded for interest, the dividend for each joussanee share would be 25f., or, with what had been already paid, 40f. per share for the whole year. The dividend would be paid at the office of the company on and after the sth of February. The report then refers to the amalgamation which the board of directors had signed only the day before, in virtue of the powers conf erre d on i t i n 1853 for the purpose by the shareholders. The following appear to be the principal points of arrangement : There aro to be in the amalgamated company 300,000 shares ; of which Rouen takes 114,000 ; Havre, 34,286 ; Western, 70,000 ; Cherbourg, 51,428 ; and St. German, 27,000 ; leaving - 3,286 over, which are to be sold at the Bourse for the profit of the company. The companies undertake to execute the branch lines from Argentan to Granville ; from Serquigny to Rouen, from a point on the line from Meziden to Le Mans to the line from Mantes to Cherbourg ; from Rennes to Brut ; from St. Malo to Redon, from Le Mans to Angers, and from Lisieux to Honfleur. The Govern.' ment is to give a subvention of 37 millions towards the execution of these lines, to grant a prolongation of the concession of all the lines to 99 years from 1858, to guarantee 4 per cent. on the bonds of the new company, to give up its claim to one-half of profits after 8 per cent., to give 18 millions to the new company to execute the line from Caen to Cherbourg, and to allow a part of that sum to be paid from the money due to the state by the Havre and Western companies. Such are the con ditions agreed on ; and in consenting to them, the board considered, the report declare. that it had acted best for the interests of the shareholders. The accounts and dividend were agreed to, and a vote of thanks was passed to the beard of directors, and the proceedings terminated. PROMOTIONS, dc., IN THE CIVIL SERVICE. BOARD OV TRAM—Mr. H. Lack, senior supplemen tlry clerk, has been appointed junior clerk, Messrs. E. \V. Parsley, T. Gray and W. Pattrickson, junior supplementary clerks, have been appointed senior sup plementary clerks. 111es:_rs. N. Lee, W. W. Leaker, J. Walsh, T. H. Babingten, D. Jones ' R. Tovinsend, C. L. Bell, H, D. M. Spence, and A. Stoneham, have been appointed junior supplementary clerks. Messrs. J. W. ' Willes, C. Beach, A. Carr, and Swins, have been ap pointed fourth-class clerks in the office of the Registrar- General of Seamen under the Board of Trade. CIISTOMS.—SeveraI clerkships will be vacant, it is ex pected, immediately, in the Examiner's, Comptroller- General's, and Receiver. General's offices, owing to daily expected orders from the Treasury to enlarge these de partments. Mr. C. EL Saunders has been appointed clerk to the Inspector-General of Imports and Exports in London. Mr. J. E, Tindall has been appointed clerk at the London Decks. Mr. F. Samons has been ap pointed principal coast officer at Preston. Mr. P. Tux ford, searcher, fourth class, has been promoted to the third class, in London. CHARITY COMMISSION.—The appointment of Paid Commissioner for Charities in England and Wales is vacant, caused by the death of the Reverend Professor Richard Jones; 1,2001. per annum till March, 1857, when the act states that the number of paid commis sioners shall be reduced from three to two. Poon-Lew BOARD.—Mr. Charles Grey Retallick, S.C.L., Cambridge, has been appointed private secretary to Mr. Alfrei. Austin, barrister-at-law, one of the in spectors under the commission. CHATHAM DOCKYARD.—Mr. Donald Grant has been appointed third-class clerk in the Chatham dockyard, ♦ice Skellett, superannuated. Mr. J. Buttorer has been nominated to the new appointment of assistant school master at Chatham dockyard.—Civil Service Gazette. UNIVERSITY INTELLIGENCE. OXFORD, FEB. 2. BRASENOSIII COUNCIL This afternoon Mr. Samuel Harvey Reynolds, RA., scholar of Exeter College, was elected Fellow of this college, on the Frankland foundation ; and at the same time Mr. Charles James Wood, BA., of this college, was elected Hulmes Exhibitioner, on the original foun dation. The former gentleman was awarded the Newdi gate prize in 1853, "The Rains of Egyptian Thebes," and in the Easter torn of last year obtained a first class " In Literi■ Humanioribus," in the second publio examination. The latter, in Michaelmas term, 1853, obtained a first class "In Literis Humanioribus," and a second "In Jurisprudentia et Hist. Mod.," also in the second public examination. LINCOLN COLLEGE. There will be an election in this college on Friday, the 23d of March next, to two vacant Fellowships, open to natives of the county of Lincoln. Candidates are required to call upon the rector on or before Monday, the 19th, bringing with them testimo nials of good conduct, and also satisfactory evidence of the place of their birth. P113.1.011ER5 AT ST. DUEY'S. Rev. T. D. Bernard, Exeter College—Sunday morn ing. Rev. W. Giffard, University Cellege—Sunday after. loon. CAMBRIDGE, FEB. 2. PRIZES. These prizes have been this day adjudged as follows Savage, St. John's I E Courtney, St. John's qua OXFORD AND CAMBRIDGE EIGHT OARED RACE. A challenge has, we understand, been received by the Secretary of the Oxford University Boat Club, from the Captain of the Cambridge Crow, and it is most likely that a match will be made to come off on the Thames, over the old course from Mortlake to Putney, where the last gallant contest took place between the two Universities, or at the lienley-on-Thames Begatta. The Oxonians are anxious it should come off at the latter place, as the services of the gentleman who pulled No. 1 upon the last occasion would be again secured. It is confidently stated that Oxford will be able to produce a good crow, and there is no doubt the event will cause as much in terest as the men!orablo struggle of April last, when the Oxonians were victorious by five lengths. TiE WEATIIEII.—We learn by electric telegraph from Plymouth that snow has been falling in the counties of Devon and Cornwall for several days, and strong gales from the eastward have prevailed. Last Right the gal e was on the increase at Plymouth. A large fleet of mer chant vessels are at anchor in the Sound. Yesterday there was a heavy gale of wind at Sheerness from N.E. to S.E. varying in force. Nearly 100 ERli of vessels have talon floater in the harbour. 5 10 bt. St. 5 26` 13 20 16 St. St. 12A 12A 10 6 12i 124 126 St. St. 4} all all 104 00 1 1 100 20 12i 23 20 St. 1.0.6; 20 20 20 25 all all all all pm pm 121 13 nol 15 4 135 11 dis 1143, LA TV OF PARTNERSHIP. It is to be hoped that, as soon as the Ministerial bourasquc has blown over, Mr. Cardwell's Bill to Amend the Law of Partnership will receive the atten tion of the Legislature. It is high time that the modi fication of that important branch of commercial Jaw, so long and so urgently desiderated by the country, will be shortly accomplished. Few social questions have been of late years more earnestly and searchingly discussed, or have elicited a stronger conflict of opinion among easperienced and thinking men than that which relates to the expediency of legalising partnerships with a limited liability. Notwithstanding this, the reason and the strength of the argument is, we venture to assert, with those who affirm the proposition. The most striking objections urged by the opponents of the projected change in our law of partnership may be thus stated. They say, firstly, "that there is no want of capital in this country, ready to be embarked in any promising enterprise," and that, therefore, further facilities for uniting the capital of many individuals and applying it to speculative concerns should not he afforded; secoadly, that to give those facilities will increase the tendency to i ash speculation and fraud ; and lastly, that it is not just to allow parties to receive an unlimited amount of profit with a limited responsibility for loss. Let us l o ok closely into the force of these objections be fore we advance the reasons which in our judgment are conclusive that the affirmative is the safe side of this avowedly difficult question. Upon th e fi rst o f t h ese points we join issue with the objecto rs , an d say that, thoug h th ere may be no absolute deficiency of capital in the country ready to be embarked in certain promising undertakings, there are many branches of trade and industry languishing for want of capital, to which it 'night be applied with benefit to all parties concerned, and, of consequence, with benefit to the common weal. This position is supported by the able Report of the Society for Promoting the Amendment of the Law, on the Law of Partnership, which expressly states, "that there are numerous cases in which a great aid injurious difficulty in procuring capital exists in Great Britain." It is only where a narrow view of this question is taken that the objection appears formidable. The eco nomist, who limits his observation to our mineral works to our manufactures of textile fabrics and hardware, to our shipbuilding, and to some other important branches of productive industry, will find no deficiency of capital, and therefore be disposed to assent to the objection. But a more extended and a closer survey of the country will disclose to him numerous fields for the profitable employ. meat of capital from which it is now withheld by the operation of the existing law of partnership, "Not only," says Mr. Edgar, "are there many small towas advantageously situated for manufactures and trade which merely vegetate from generation to generation— net only are there many works of public utility, which might be ultimately profitable to their promoters, left nnattempted throughout the country, but a large pro portion of land capable of being profitably cultivated remains unimproved, while a very considerable propor tion of that which is cultivated yields only half returns in consequence of the want of capital on the part of landowners and farmers." This, we think, effectually disposes of the first objection, and changes the denial into an affirmation that further facilities for uniting the contributions of small capitalists and directing it into new channels should be afforded by a change in the existing law. The next objection, that partnerships with limited lia bility will open a door to rash speculation and fraud, is based upon an assumption, and may er may not be true, as the event alone can determine. But that the proba, , bilities against it are as strong as those in its favour may be easily established. There would seem to be no reason why reckless and fraudulent trading should prevail more under a law of limited liability than under the existing law, the effect of which is to restrain cautious and nib stantial persons from entering joint-stock companies, and to leave these enterprises in the hands of mere specu lative and less prudent and trustworthy individuals. As regards third parties and the public, at least the same protection against fraud would be afforded as at present; for the new law will necessarily provide means for in forming parties dealing with a partnership formed under it of the extent of its resources ; and it will be their duty to inform themselves, as they do at present when dailing, with private individuals of the respectabi lity of the ostensible and responsible managers of the companies or partnerships with which they propose to deal. The state of popular education, the superior in• formation, and the vigilance of the press, form, at the present day, the surest safeguard against specula lative delusions. We shall have no more South Sea bubbles and Mississippi schemes ; never again see peers and pedlars jostling each other in the thronged thorough fares of Change-alley ; duchesses quitting 100 and lens quenet to join a rabble of noisy speculators ; or ladies of the bed-chamber openly pawning their jewels that they may participate in the popular enthusiasm for American stock. If these scenes were ever to be revived, they would probably have been re-enacted a. short time ago on the realisation of the dreams of Raleigh and Pizarro, by the discovery of the gold fields of California and Australia. There are some indeed who assert, and with great show of probability, that the excitement and panic of 1824, 1825, 1336, 1845, 1846, and 1347, were largely due to the existing law of partnership. " Unless there had been," says the writer above quoted, "an immense amount of capital in the country which was not profitably employed, the opportunity would not have been afforded for the schemes which caused the panic and excitement of those periods ; and the best preventive of their recurrence seems to be to afford convenient means for the profitable invest ment of capital by a system of limited liability, which by equalising- the pressure will render it wholesome and bontlicia , ." When , in 1807, Regnaud brought before the French Council of ? State the articles of the Code of Com merce that provided for the rogniation of partnerships en onunaditc, in which the liability of the shareholders other than the gerants or managers is limited to the amount of their su to criptions— he spok e o f th em as t o b e f avoure d, as they lotterypermittedof commerce, every owneracoldf capitaladded food take a Blare to in theto circulation, aud multiplied by a community of interest the social ties between the funded proprietor and the manufacturer, the capitalist and the retail dealer, the highest persons in the State and the lowest traders." Subsequently, when a decision of the French courts re laxed the restrictioneupon the system bypermitting the un limited transferability of the shares of such companies, art apprehension was felt similar to that urged in the objection we are now considering, that rash speculations and fraud. would be encouraged by the limitation of liability ; but M. Troploug, writing in 1843, speaks of that fear as as having died away, from the experience that the anti cipated evil had not arisen ; and he deduces from it this wholesome inference, that it would therefore be inad visaLle to alter the system of limited liability at the in , stance either "of pretended friends of progress or oppo nent' of every new element." To the last objection, that it is unjust to anew parties' to receive an unlimited amount of profit whilst they bear a limited responsibility for loss, the answer is that there is nothing in such a state of things inconsistent with sound principles of jurisprudence or opposed to those of natural justice. It should be with the creditors as with the buyer of a horse—caveat emptor. Under the existing law, creditors, assured of the unlimited liability of every member of the company or partnership with which they trade, are careless and in different, and enter into contracts, with a reckless haste and not unfrequently a dishonest purpose. The new law will make them more circumspect. Even now, notice to creditors, or express stipulation, will limit the liability of partners as well as of all other contracting parties. The new law will therefore only enact by statute that which has always been a principle of our common law. It will afford to creditors the fullest opportunity of as suring themselves, before they enter into contracts, of the means and responsibility of the concern with which they , intend to trade, and will treat these facilities for infor mation as a presumption of notice in the manner of a special contract such as we have above alluded to. This third objection, though specious, is clearly fallacious. These appear to be sufficient answers to the main ob• jections urged against the proposal to permit in this{ country the formation of partnerships with limited liability. There is, however, another, equally plausible have but less forcible than these, which has unduly pveju diced against the proposed change minds of a timid and conservative nature. They say that as the country has attained to an unexampled height of grandeur an d opu lence under the old law, it would be hazardo us and unwise to repeal it and introduce an innovation. The supporters of the proposed change confidently answer, True, the country has become a great and opulent noun• try the underu nwise the ee old dxt ebn yldew thed restric tions, thesee f but opponents ph h pe a t d it law,n net been would la fet teredave been.by still greater and still richer than it now i s . ornemenatis•ks of a in an m sw o e d r ifi t c o at t io h n e p by admitting the principle of e limited liabil i ty, t o t h e fu ll extent o f our li m it s oe r r easons a l l o s N ti ot:11;s la uwrg of part ners hi p present occasion. In a future article we pro pose to advance some reason in favour of the pr?posed change, and to review the evidence in support of it. lit the meantime we may rest assured that a principle which has been found to work well in Austria, Prussia, France, and America—which has been affirmed by a resolution of the House of Commons, and been supported by Lord Ashburton and Mr. F. Baring (who have witnessed its operation in the United States), Mr. G. ,W. Norman, Mr. Senior, and Mr. Bellenden Ker—will have due con sideration in Parliament, and will run small chance of defeat from the endeavours of capitalists, whose wish and purpose is to retain monopolies which the existing law has too long enabled them to enjoy.—Daily THE PATRIOTIC FUND AND THE FEMALE ORPHAN ART; LUM, LAMBET4.—Yesterday a special general meeting of the guardians of this charity was held to consider an application from the Committee of the Patriot ic Fund. The chairman stated that some time age they had placed at the disposal of the Duke of Cambridge, their president, five presentations for the orphan ,chil dren of those gallant men serving in the Crimea. They had now received an application from the Patriotic Fund Committee to take fifteen orphan ehildr( , n, at present in the care of the latter. The secretary said that Captain BritishFishbourne, in his interview with the guardians, st a t e d that there had been 9,000 or 10,000 deat h s in the h and that on an a verage 60 soldiers were dying army, , I would be a great many orphans t _C:# provide for. T he asylum was intended to accommodate 160, but at present it coitained 163, inde ...ltaly, conseque . ntly inde pendent of t h e 5 to be presented by the Duke of ! iere Cam bridge. After some conversation, in which Mr. L. Red head, Mr. Freeman, Mr. H. Mandalay, Mr. Holland, and other guardians took part, Mr. Forrest moved a reso lution to the effect th at the guardians deeply deplore that the bye-laws compelled them to decline the offer of the committee of the Patriotic Fund to provide a tem porary home for the orphan children of our soldiers who have fallen in defence of their country in the East. The imeolatiott TM unanimously Adopted. ~,~'~~ 107 Old t ; 0 0 6'1 _A, Drr'l 10 11 4 d too all all 3. lr 20 20 20 20 20 50 50 100 100 'paid.' 100 100 100 100 14t 4 LOO all lli 1.00 . 100 , all ‘II ' 54 214 8 all 100 31 100 all all 17 all all 1 LOO 9 100 21,1 all 1.41 a. 16 5 31A FOR: . i d 11 li IGN. 111 f 8 5 1 i 691 1 591 1 61 I 16i A 71 i