The Sun. — London, England, 1842-03-26 00:00:00

HIS MAJESTY the EMPEROR of AUSTRIA, having AUTHORISED and GUARANTEED several DIS TRIBUTIONS of MONEY- DIVIDENDS, which (though they are NO LOTTERIES) offer wally possibilities of obtain ing LARGE - FORTUNES, ' HEINE BROTHERS, at HAMBURGH and at LUBECK, Are now SELLING ORIGINAL BONDS for the said DIS ZRIBUTIONS. Persons desirous to purchase for the Next Distribution may receive, PREVIOUS to giving any orders, the PRO SPECTUS and PARTICULARS, upon addressing a line :either to HEINE BROTHERS, a t HAMBURGH, or to HEINE BROTHERS, at LUBECK. . The NEXT DISTRIBUTION contains DIVIDENDS of £64 £lOO £250 £ 1,000 66 110 300 1,200 70 120 500 1,800 80 150 600 4,000 SO 200 700 22,500 STERLING, amounting together to 142,9941. BRITISH STERLING MONEY. THEATRE ROYAL, COVENT-GARDEN. UNDER the MANAGEMENT of MADAME VESTRIS . ON EASTER MONDAY, MARCH 28. Will be repeated,inWe . . l. :ct;,W;ihadditions, Milton's Masque of COMUS.—Comus, Mr. W. Harrison ; First Bacchante, Madame Vestric ; the Lady. Mrs. Walter Lace Elder Brother, Mr. J. Vin. iug; Syrens, Madame Vestris and Miss Rainfortk ; Cupid, Miss Dowton ; Euphrosyne, Madame Vestris; Sabrina, Miss Rainforth. To which will be added the Comedy of SIMPSON AND CO.—. Mr. Simpson, Mr. Wm. Farren; hir. Bromley, Mr. Gooper; Mrs. Simpson, Mrs. Glover; Mrs. Bromley. Mrs. W Lacy; Mrs. Fitz alien, Miss Cooner ; Madame La Trappe, Mrs Orger. After which will be produced a Grand Romantic Fairy Extrava ganza, entitled THE WHITE CAT.7.Wunsuponatyme (King of Neverminditsnamia), Mr. J. Bland; Princes Paragon, Pr. cious, and Placid (his three Sons, by Madame Vestris. Miss Murray, and Miss L. e ; Jingo, Mr. Harley; t• e White Cat, Miss Marshall. Doers open at half-past :ix, and the Performances begin at Seven. Dress Boxes 75., Second Price 33. 6d ; First and Second Circles 55., Second Price 2s. ad.; Pit is., Second Price a. ; Gallery Is. Tickets and Places for the Boxes to be taken of Mr. Grogan, at the Box-of ice, from Ten till Four, where Season Tickets may be had upon ap plication. Private /Sixes to be had so l e l y o f M r. Andrews, Book_ miler, lei, New Bond-street. tttnn LONDON: SATURDAY MORNING, MARCH 26, 1842. We insert elsewhere a communication from Dr. BowarNo, and honour, as we ought, his de sire to do homage to truth and justice. We think;however, that what he says of Sir ROBERT PEEL'S tariff is incomplete, and the report which we saw of his spetch, unfortunately omitted much of the condemnation which his letter says he threw on the tariff. If Dr. BOWRING, out of regard to truth, felt himself.constrained to praise Sir R. PEEL'S tariff, the same regard to truth should have made him condemn the principle intro duced by Sir ROBERT PEEL for the first time of establishing a discriminating duty on all the possible products of our colonies. Much, too, as Sir- ROBERT PEEL has done ac cording to Dr. BOWRING'S description, he has acted up to no-one good principle. We excuse many of the existing enactments of the tariff, because they were the offspring of ignorance, we acquiesce in them because we would not disturb existing interests, but Sir ROBERT PEEL, by his tariff, disturbs existing interests, and now re-enacts laws, the principles of which science has long ago repudiated. For this we censure; and : we think Dr. BOWRING ought to have censured Sir. ROBERT PEEL'S tariff. Laws which were a- disgrace to the 17th century, are enacted by Sir ROBERT PEEL in the 19th; and we cannot praise a slight departure from ancient errors which at the same time gives to all that remains of them the solemn sanction of this generation. _ - But admitting all that is good in the tariff, was it not palpable—from the mode in which Sir R. PEEL brought it forward, dwelling, very much on the great benefits it was to confer on trade ; deluding the working • classes, by a statement that he was about to confer great benefits on them—that he coupled his tariff with an in come tax, in order to bribe and • humbug the people into submission into that odious impost ? If his tariff was much better than it is, and were it coupled with an inquisitorial and unequal in come tax, it would deserve to be scouted; but considering the whole as a mere piece of political clap-trap, we cannot applaud those free-traders who approve of the tariff. We were rather struck in Sir R. PEEL'S speech, by his admission, that he was not altogether pre- pared to state that it would not be wise to act on Mr. J. D. 1-lumE's recommendation, and set trade free without regard to what may be done by foreign nations. But how does he carry out that principle ? Our colonies being offsets from us, speaking our language, having the same wants as us, will, as a matter of course, if statestrien will only let them alone, carry on with us the most advantageous trade possible. They will be integral parts of our empire, and our traffic with them will naturally be like the traf fic between England and Scotland. But our traffic with countries under different go vernments, is subjected to interruption, and perversion from political causes. We are never able therefore, to carry on with foreign countries tire most advantageous trade possible. Political considerations check or destroy the happiness of mankind. Under such circumstances, a wise and enlightened statesman would create no factitious advantage for the colonies with which the people arc sure to have the most advanta geous trade possible and no factitious disadvantage for those countries with which trade may pos sibly, from other causes, not flow into the most profitable and useful channels. Sir R. PEEL does the reverse. He creates by a whole series of new discriminating duties factitious advantages for the trade with the colonies, and factitious disadvantages for the trade with other countries. That whole proceeding is so adverse to scientific truth, so contrary to the lessons of experience, that it is a disgrace to the Legislature of Great Britain for one Moment to entertain a tariff, of which the principle of discriminating duties, fa vourable to colonial produce, is found in every line. With all deference, therefore, to Dr. BOWRIN4I, we still hold his praise of the petty alterations made by Sir ROBERT PEEL, for a pur pose, to have been injudicious and ill-tin:ed. The eagerness with which Sir ROBERT seized hold of his admission, ought to have convinced him that he had given a weapon of offence into the hand of his and our opponent. It is generally asserted that the breaking up of an administration in this country, turning out a great number of.offiCial men, bringing others into their places, and perhaps changing the whole policy of the State, is a serious public evil. If that be the case at any time the evil must be tenfold greater to turn out an Ad ministration recently formed, which has - come into power expressly because its predecessor could not carry on the Government successfully and advantageously. Now to break up Sir 110 BERT PEEL'S Government would seem to offer no alternative but a long series of con fusions. Tt is doubted whether the Whigs or Radicals or any third party be just now com petent and ready to take the Government with any chance of carrying it on quietly and successfully. Under these peculiar circum stances, Sir ROBERT PEEL has brought for ward a measure which several of his own followers declare to be unjust, which he is quite aware is extremely unpopular, which he knows he will have great difficulty in carrying, and yet on carrying. which he has staked his existence as a Minister. This may be very cun ning in Sir ROBERT PEEL, very artful, some rersons say very bold and ma n l y , but we cannot call it patriotic. He places his personal gratifi cation on the one hand and the public peace on the other, and he says ; if you do not give me my own v ay, I w ill resign, and confusion will be the con sequence. Hance Mr. ATTWOOD, while he de nounced the income tax, declared that he would vote with him. Sir B. PEEL, tries, therefore, to terrify the public into submission to his income tax, and leaves them to choose between bowing themselves to his yoke, or risking great public confusion. We apprehend, however, that Sir R. PEEL on this point 'very much overrates his own value; perhaps he overrates the utility of Government. There are an immense number of branches in society which it has not yet, 'with all its dili gEnce, managed to get hold of, and it tiispt theretty plain to every man of discernment, that I branches which have escaped its authority are much better regulated than those which it con trols. But whatever may be the utility of the Government, the nation can go on without Sir ROBERT PEEL. In the ordinary course of nature he must be removed in a few years, and no person supposes that society will be dissolved at his death. But that event may happen in the course of a few weeks or days, and society will not then come to an end. Sir ROBERT PEEL overrates his own value, when he estimates his loss as more than equivalent to an income tax. The nation can rub on without him now, as it must rub on without him by and bye ; and to his threat that he will resign, the nation echoes, resign ; we can do without you. With the monopolists, we admit the case is different. For them be is a necessity. He is the keeper who is to supply hungry/wolves with their accustomed food. Without him they must be scattered, and will lose their provender. They will support him, therefore, in inflicting an income tax on the people, and would equally support him, though he bring ruin on the em pire. But for them, Sir ROBERT PEEL'S threat of resignation would be merely farcical. If they were not united with him in an unholy league, every man would at once perceive that his un patriotic and insolent announcement of throw- ing up the Government, and throwing af fairs, as far as he can, into confusion, un less he be allowed to have his own way, would be of no more importance than the threat of a pouting child. As the instrument and head of the monopolists, his threat of re signation to induce them to support him at whatever risk, and at whatever cost, becomes a symptom of the reckless daring with which he is resolved to inflict the curse of an income-tax on the people. In that threat, however, lies much hope. It mplies on his part a fear that many of his troops will desert him. It betrays a con sciousness of defection. He is like an officer preventing his men from leaving their co lours by threatening to run them through. He has already taken the most extreme measure in his power, and has no resource but to resign if he be defeated. He has sought to inspire his fol lowers with the courage of despair by cutting off all hope of escape. His arbitrary and unconstitutional method of forcing, by the help of his monopolists, his favo rite impost on the country, should rouse both the indignation and the hopes of his opponents. There are symptoms in various quarters of alarm in the agriculturists. They already repent that they have placed in office a man who has abated, as they say, their protection on grain and on cattle. Deputations from the agricultural districts are going up to Tory Mem bers, to get them to remonstrate with Sir ROBERT PEEL. They like the income tax not much bet ter than the townspeople. A little exertion, then, now on the part of the townspeople, whose con cerns will all be forced into day, may stop Sir ROBERT PEEL. They must profit by the recess to hold meetings and get up petitions and remonstrances. It is possible that no inconsider able number of Tory Members may stay away, for a few days after the re-assembling of Parlia ment. It is even possible that several of them, disregarding Sir R. PEEL'S threat, may vote against his income tax. A strong muster, therefore, of the opponents of the measure, on Monday week, may suffice, if not to defeat Sir R. PEEL, to give him so serious a check as to convince him that be will be unable to carry his measure. We at once, therefore, remind all the opponents of an income tax, that it is necessary to be at their post on that day, wherever they may go in the mean time, and, however energetically they may assist their constituents in hold ing public meetings and embodying public sentiment in one overwhelming mass. One ex ertion now on the part of the constituencies and the Members will save months of labour here after. We trust, therefore, that will be made, and that the Minister, who is at once one of the weakest and inconsistent that ever was placed at the head of affairs, will hasten to carry his threat of resignation into effect. We learn from the Chelmsford Chronicle, that the Braintree and Rocking Farmers' Club de clared at their monthly meeting, held on the 23d instant, that they view with serious alarm the proposed alteration in the Corn-laws; and they further declare, that . the proposed altera tions in the tariff will tend materially to depress agriculture, " inasmuch as the importation of cattle, meat, starch, &c., will necessarily greatly diminish the value of home produce." A deputation from this club is appointed to wait upon the County Members, to request their ear nest and immediate attention to the subject. The same agricultural journal is convinced that fo reign agriculturists will now fatten hogs and cattle for our market, instead of sending corn hither; and that sheep will be imported in great num bers under the proposed alterations. To lower the price of beef,pork, and mutton, permanently, it sayt, one penny per pound, would probably take 4,000,0001.—as large a sum as the whole income tax is calculated to raise—outofthe pockets of the farmers and time graziers. This journal complains bitterly that— The principle of protection is broken through in a new direction, and oxen, and cows, and sheep, which were be fore altogether prohibited, are to be admitted at the duty of I/. 15s. and 3s. respectively; the duty on carraway seed is reduced from IL 10s. to 55.; on coriander from 15s. to 55.; on clover from 11. to 10s., and this, too, at a moment when forbearance was peculiarly colleCtor, from the farmers being not only required to consent to an exten sive sacrifice of their property, but in common with the other classes to contribute three per cent. from their in come to the exigencies of the State. So the farmers begin to taste, at least in imagination, some of the miseries to which they have doomed their fellow countrymen by return ing to Parliament a Tory and monopolist ma jority. The honesty of these gentry is made apparent by their complaints. If lowering the duties on meat, so as to reduce the price one penny per pound, would take away from them 4,000,0001., what would be the effect of abolish- ing altogether the duties on meat? It would lower the price at least threefold, being a posi tive reduction of another penny per lb. and a penny for annoyance, vexation, and interference, making on the statement of the farmers at least 12,000,000/. a-year, which they take from the other classes for meat alone. We cannot place the total abolition of all duties on foreign agricultural produce at a less figure than three times the amount of the duty on cattle alone, whence it follows, from the complaints of the Essex graziers, that the agricultural classes take, at least, 36,000,0001. a year from the rest of the community by the corn-laws and provision-laws. We are thankful for the admission. The Essex agriculturists in quarrelling with their protector are restoring to the community its rights. Again,'we learn from the cork Southern Re porter that a meeting was held in that city on Monday last, consisting of .the leading export and other merchants of the city, for the purpose of considering Sir R. PEEL'S tariff, at which his new taxes on lard and cured provisions excited great dissatisfaction, and a memorial against them was adopted. Sir ROBERT PEEL will thus find him self thwarted by this own petted interests, as well as by the interest he has trampled on in every part of the kingdom. 'We rejoice to see him caught in his own net. He has preached up the necessity of agricultural protection, and the cattle-feeders of .England and Ireland will not allow him to escape from his own princi ples. The intense folly of pretending to adjust the rival claims of all classes ofproducers by any other means than " the higgling of the market" will soon come home to Sir R. PEEL, and he will fall a just sacrifice to the 'just delusion he has fostered. So be it. We do not go along with these people in de manding more protection, nor do we justify their complaints, but they have a good case as against Sir R. PEEL, and against the Tory journals which have advocated protection to native in dustry. He and his journals have flattered them into the belief that prices were to be kept up, and have probably encouraged them to renew leases, and enter into engagements on that be- e s * _ m o , s?" .4. THE SUN, LONDON, SATURDAY EVENING, MARCH 26, 1842 lief; he and they have, at the same time, done what they _ could to keep up all the charges on the agriculturists, and now Sir ROBERT suddenly, by a little juggling with the tariff, deprives the gra ziers, as the Hertford and Essex men say, of 4,000,0001. a-year. There will, henceforth, be no peace amongst the different classes of producers, no contentment, till the Legislature wisely washes its hands of the whole matter, and declares that it must leave the price of corn, as of stockings and all other things, to be settled without its interference, by the mutual and reciprocal bare gainings of all buyers and sellers. against the necessity . of the tax, by the reservation ex pressed, in announcing her readiness to place herself on the same footing as her subjects ; a.nd we hope that her Majesty will appeal to her people again, now that _they are in possession of the quack-prescription, and before they are required to swallow the strong dose waich the Quack is mixing fur them. A HATER OF OPPRESSION. RAILWAY. THE TARIFF. TO THE EDITOR OF THE SUN. Sxa,—ln my mind, the permanent in erests of truth and justice ought to prevail over any transitory party object ; and as I cannot but consider Sir Robert Peel's Tariff a most important advance in the path of free ade, to that extent I shall support its provisions, and give credit to its'►nthor. It removes prohibitions altogether—it lowers duties in many hundred articles—it sweeps away whole pages of intricate legislation on timber duties, by a tariff of three lines (and those thre , l lines bringing a very great reduc tion and a corresporliiing benefit) : it admits many arti cles of food at a much lower rate ; it moderates duties on many raw materials—many half manufactured—many wholly manufactured articles. Am I too blind to see-- shall I be backward to acknowledge that these are real benefits ? But I attacked the tariff for not lowering the duties on cheese and butter I attacked it for leaving all the main exports of France under the old system. I at tacked it for keeping up the absurd complication of the additionals per cent. I attacked it for the duties imposed on the export of coals and clay ; and if Sir Robert Peel does me the honour to attach some value to my opinion— will he allow that opinion its weight in disapprobation as well as in approval ?--T am, Sir, your obedient servant, JOHN BOWRING. Athenaeum, 25th March 1840. RAIL W AY, THE LONDON AND BRIGHTON BRIGHTON, FRIDAY.—In consequence of this day being a holiday, the trains brought down yesterday the extraordinary number of between 900 and 1,000 passeongers. Sir Robert Peel arrived by the express train. An immense quantity of luggage arrived in the course of the day, for the Right Hon. Baronet. The first train this morning brought down nearly 200 passengers, and nine carriages belonging to the passengers. The day is remarkably fine, and the cliffs of Brighton present a most ani mated appearance. At the present time the road to the Railway terminus is through a number of narrow and inconvenient streets ; but through the spirited exertions of Mr. Cooper, a builder, and one of the Commissioners of Brighton, a very splendid street is being formed fi-om the terminus, in a direct line to North-street and the King's-road , and when finished will considerably shorten the distance to the principal parts of the town, in addition to being a very great ornament. At a meeting of Wigney's creditors, on Thursday, it was stated that the dividend would not be more than sixpence in the pound. SHEFFIELD AND MANCHESTER AMERICAN NEWS. ARRIVAL OF THE STEAM SHIP, ACADIA, LIVERPOOL, FRIDAY MORNING, 6 O'CLOCK. The splendid steam-boat AcAdia, which left here on the 19th ult., with the mails and pas sengers, for Halifax and Boston, in place of the Caledonia, arrived again this morning, after a svoyage of twelve and a half days, from Halifax or thirty-three and a half days on the voyage to Halifax and back again. It had been arranged that the Unicorn should carry the mails to England, and she had been prepared for -sea, and started _on her voyage, but before she had been twelve hours at sea, she fortunately fell in with the. Acadia, and .they returned to Halifax, in company. Although the arrival at Halifax hap pened at mid-night, the sound of their cannon brought down to the Wharfs, and as the steam ers passed, the news of Caledonia safe in Eng land, was received with the most enthusiastic cheers. The Acadia - took out more than a month's later news to both Canada, Nova Scotia, and the United States. She was sup plied with coals,,. &c. and left Halifax on her re turn voyage, on the 12th, with 12 passengers, and thus experienced stormy weather all the voyage, We do not receive by her any later papers from New York than those brought by the Oxford. Her dates from Boston are the 2nd, and we have Halifax papers to the 12th inclusive, they do not, however, contain any news of importance, being chiefly filled with the English news brought by the Acadia, the details of which embrace the the opening of Parliament, the introduction of Sir ißobert Peel's Corn-law Bill, the Royal Christening, &c. COURT CIRCULAR. WINDSOR, FRIDAY.----The Queen and Prince Albert attended Divine Service, this morning, in St. George's Chapel Royal. The Royal Suite included the Countess of Charlemont, Lady Caroline Cocks, Hon. Sarah Mary Cavendish, Hon. Mrs. Anson. Viicount Hawarden, Hon. C. A. Murray, Major-General Sir Frederick Stovin, Mr. George E. Anson, Colonel Buckley, Major- General Sir E. Bowater, and Dr. Prtetorius. The Rev. C. W. Knyvett read the first part of the service, and the Rev. W. Canning, and the Rev. Dr. Keats officiated at the altar. The latter Rev. Gentle man preached the sermon, taking his text from the 14th and 15th verses of the Gospel according to St. John : "As Moses lifted up the serpent in the wilderness, even so must the Son of Man be lifted up ; that whosoever believeth in him should not perish but have eternal life." After the sermon, the Sacrament was administered to her Majesty and Prince , Albert, with the Royal Suite, and also to numerous communicants. by the Rev. Dr. Keate, and the. Rev. W. Canning, assisted by the Rev. C. W. Tiny vet t. This forenoon her Majesty and Prince Albert took their usual early walk in the Home Park Slopes. In the afternoon her Majesty and the Princa rode out in a pony phaeton, his Royal. Higness driving, attended by Sir Fdward Bowater. The Royal party drove into the Great Park. The Prince of Wales and the Princess Royal have taken a carriage airing to-day. The Rev. Gentlemen who officiated at the Chapel to day, had the hononr of joining the Royal dinner circle at the Castle this evening. The Duchess of Kent arrives on a visit to-morrow. Her Majesty's private band will not attend again until Monday evening. Their Royal Highnesses the Duchess of Kent and the Duchess of Gloucester, visited her Majesty the Queen Dowager yesterday morning. Their Royal Highnesses remained to lunch with her Majesty at Marlhoroug'a house. His Royal Highness Prince George of Cambridge left town I,n Thursday for Kew. Her Royal Highness the Duchess of Kent took a car airing yesterday afternoon. The Countess of, Munster was in a more composed state yesterday. Lady Augusta Gordon and Lady Mary Fox spent the day with her Ladyship. The Earl of Munster and his brother are expected to arrive in town this.day from the continent. Among the Nobility and Gentry who paid visits of condolence to her Ladyship and family, and to Lord Adolphus Fitzclarence yester day, were his Excellency the Baron de Moncorvo, the Lord Chancellor, the Earl of Sheffield, the Earl of Be verley, Earl of Chesterfield, • Lord Sussex Lennox, Lord Ossulston, Right Hon. G. S. Byng, Sir H. Wheatley, Sir James Graham, Sir George Seymour, Sir John Macdonald, Sir John and the Misses Beresford, Sir T. Troubridge, Sir,Gorage Cockburn, Hon. Captain Dun combe, M.P., Sir W. M. Stanley, Captain Marryat; Captain Cox, Colonel B. Drummond, Captain Rous, M.P., Captain Meynell, Mr. C. Mills, Mr. J. Bushe, Mr. 1)e Hersey, Mr. Ponsonby, Mr. Fitzroy, and Mr. C Word. LITERATURE. • CANADIAN SCENERY ..Port XXXIII. Virtue, London, 1842. This Part contains tour engravings represent ing some of the most imposing landscapes on the Canadian frontier. One of the plates, which is entitled " A Forest Scene," is a truly striking one, and satisfies us that the descriptions of the late John Galt of the same picturesque scene, in his American tale of "Laurie Todd," are far from exaggerated. The literary department of the work is under the superintendence of Mr. N. P. `Willis, but it is by no means remarkable for ex cellence. It just keeps the safe mean of respect able common-place. CHARACTERISTICS OF PAINTERS. Murray, London, 1842. In this elegant little volume we have a series of poetical sketches illustrative of the chief cha racteristics of the great masters of art in paint ing. Mr. Reeve is the author, and his sketches show that he thoroughly appreciates the celc bratedartists on whose peculiarities he expatiates. WHO WILL PAY the INCOME TAX? TO THE EDITOR OF THE SUN. SIR,—It is doubtless advisable that arguments against the income tax should be multiplied as much as possible. I am a tradesman, with about 2001. a-year, compelled to live in a certain house to carry on my trade, and this house and a numerous family compels me to keep two servants. lam certain that at present I ex pend as much as I earn, and I believe, that if I took out of my small capital to pay. the new tax, in ten years I should be a ruined man. What am Ito do, then ? I must make some other parties pay my share of the new tax, fur I cannot without ruin. .1 have, therefore, determined to wear shoes instead of boots, to discontinue visiting the theatre, where I have generally expended about 1/. per annum, to discontinue taking in certain newspapers (an immediate saving, bUt possibly an ulterior loss in trade), and generally to disregard my present respectable ap pearance, and wear my clothes eighteen months instead of one year: • Who, then, will indirectly pay my tax ? The artisans, who think.-they are exempted from its odious operation. And I represent a class. A TRADESMAN. INCOME TAX. TO THE EDITOR OF THE SUN. SlR,—Surely if the people of this nation submit to the infamous attempt of Sir Robert Peel to saddle an income tax on us, we can never again brag of being a free people, but must ever after expect to be called John Donkey, or the veriest slaves on the face_ of the globe. Sooner than have an income tax, let us have a house or window tax, but not this most iniquitous of all taxes. Do all in your power to induce the people td call parish meetings to im press the Queen to dissolve the Parliamont. I remain, Sir, yours respectfully, A CONSTANT READER. Friday, March 25, 1842. HATEFUL TORY LEGISLATION. TO THE EDITOR OF THE SUN. SIR, -The writer has been long a member, and holds several offices in a large religious body, whose rules specially insist upon the payment of all taxes and duties levied by law, for the State, notwithstanding he will con. sider it his duty, at the head of a large manufacturing establishment, to oppose and evade, if passed into law, the odious income tax, in every manner he can devise. consistent with integrity and truth. If compelled by the inquisition and strong arm of the Executive to pay to wards the maintenance of the old monopolies which the Tories cling to, and the new ones which their Tool is proposing in the new tariff, he will feel that an injustice, nay a robbery, has been perpetrated against him, ren dered infinitely more grievous and hateful, under the assumed solemn sanction of law. I have read the debates on the income tax, as reported in your excellent paper, with the greatest candour, and I have felt strongly convinced, while reading the speeches of Lord John Rust . ell, Mr. Baring, Lord Howick, and Mr. Labouchere, that the tax is imposed solely for the benefit of monopolists, and not, as is pretended, for that of the poor. The poor will receive little benefit from the new tariff. A reduction even 'of 2d. per lb. will not place beef within their reach. The poor only can colour their water with coffee. The reduction, therefore, in coffee will not save a poor family above ld. per week. Under the corn-law, potatoes must form the main food of the poor, but the reduction in the duty on them will not save a poor family more than 4d. per week. The country understand the•reason for Tory Ministers proposing such extreme differential duties, and knows well that the people will not be benefitted by them, Lord Johr Russell may depend upon the support and grati tude of a majority of the electors in opposing the tax, and the other measures of the Government, with uncom promising hostility. • I hope her Majesty intended to convey an impression TO THE EDITORS or THE MANCHESTER TIMES. GENTLEMEN,—A letter having appeared' in your last paper signed " John Platford, Secretary," in re ference to some remarks made by the Directors of the Manchester and Leeds Company, in their " Reply " to the Liverpool Board, I am instructed to submit to the public the following vindication of their statements. The paragraph alluded to is as follows : " The most important misrepresentation, however, consists in the statement of relative distances to Shef field, Leeds, Hull, York, &c., by the route of the Shef field Railway. It is nowhere stated in that plan that this railway is yet incomplete, and persons ignorant of the facts would certainly be led to conclude that, if not open, it was at least in an advanced state, and would probably open as early as the June don line could be made. Without at all seeking to disparage that under taking, the Manchester and Leeds Directors feel it due to themselves and the public to say that such is decidedly not the case, as that Company are at present in circumstances of almost unparalleled difficulty, so that it appears extremely doubtful whether their gigantic works can ever be executed ; their capital being exhausted, more than half their shares forfeited, and the remainder at 60 per cent. discount." Some of these facts are disputed in Mr. Platford's letter; but it is reported in The Sun newspaper of the 7th inst., that Mr. Wilson Patten presented a petition relative to the Sheffield Railway to the House of Commons on that day, in which the petititioners state, " that in consequence of the depressed state of the times there was great danger of the undertaking falling to the ground, and praying that Parliament would be pleased to devise some remedy to get them out of their difficulties." Again, the following is an extract from the state ment recently made by the Sheffield Directors, with the view of obtaining the suspension of the standing orders of the House of Commons, so that they may be enabled to apply for new powers in the present Ses sion : The Act authorising the formation of the railway was passed in 1837, and the capital authorised to be raised by that Act was 700,000/. ; the length of the railway is forty miles. " Since the passing of the Act the Directors have been involved in a series of financial difficulties in consequence of the inability of a large portion of the Shareholders to make good their subscriptions ; and although calls to the extent of 821. 10s. per share have been made, they have only produced a sum of 300,0001., which has been principally expended in the formation of about eight miles of the line now opened to the public, and of four miles in extension which are nearly completed, and will shortly be 'opened to the public. The most important works on other parts of the line are also under contract ; but from the difficulties experienced in providing the money requisite to meet the expense of these works, they must inevitably be stopped, unless some facilities are afforded of obtain ing the capital requisite for their completion. " The commercial distress in the neighbourhood, and the consequent insolvency which it has entailed on a large proportion of the Shareholders, will suffi ciently account for the difficulties which the Directors have had to contend with in the undertaking, and the same causes have led to the forfeiture of a great num ber of shares, which shares, owing to the enormous depreciation of the Company's stock, and the insu - ciency of the provisions of the Company's Acts, the Directors have been unable to re-issue. " It had been fully anticipated that the opening of a portion of the line, which took place in November last, would have had the effect of improving the value of the shares, and rendering the forfeited shares mar ketable, and would thus have enabled the Company to provide funds for continuing the works without ap pealing to Parliament.; but this opening has not had the effect anticipated, and the Directors, finding no other resource left for them than the course they now seek to adopt by the Bill which they have prayed leave, to bring in, caused notices of the intended appli cation for such Bill to be inserted in the Gazette and county papers three times in the month of January last. "No less a sum than 200,0001. is now due from the Company to contractors, landowners, and others, which they have no means of paying unless they ob tain the facilities which they seek by their Bill, inas much as the calls which they have the power of making, could not be made with sufficient rapidity to meet their outstanding debts and growing pay ments on the work as they fall due ; nor would such calls be sufficient in amount to meet the engage-. ments of the Company, unless some facilities are af forded of re-issuing the forfeited shares, and bor rowing money in the manner proposed by the Bill. " The Directors firmly believe that the powers proposed by the Bill (which has been approved by a general meeting of the Proprietors) would have the effect of saving the Company, and the contractors to whom they are indebted, from ruin, and of ensuring the completion of the undertaking, which is most im portant to the manufacturing districts of Lancashire, Cheshire, and Yorkshire, and already the anticipation of the passing of the Bill has had the effect of ma terially improving the value of the stock of the Com pany.' As the Sheffield Company have called 821. 10s. per share on the 1001. shares, which has yielded them only 300,000/., they have as yet, therefore, no power to borrow on mortgage. The Directors of the Manchester and Leeds Com pany consider that they have very much understated rather than overstated the financial embarrassments of the Sheffield Company ; and they considered it " due to themselves and the public" to allude to the present position of the Sheffield Company, on account of the exaggerated statements which had been circu lated of the advantages, in points of distance, of th e Sheffield over the Leeds line, for traffic passing east ward from Manchester. (See a map which was dis tributed at the late half-yearly general meeting of the Liverpool Company.) _ _ The number of shares actually declared forfeited by the Directors may be only 900 ; but it was a d m it te d by one of them (see Railway Times, 1841, page 914) that of the 7,000 shares " 3,700 might be fully and fairly calculated on ; of the remainder some might be good, but they were not competent to say how many." The plain inference to he drawn from this is—that the remaining 3,300 are held by persons from whom no further payments, in respect of calls, could be rea sonably expected ; and at the last meeting it was stated that not more than 1,517 had paid the last call, so that 5,483 shares are still in arrear, and liable to forfeiture. At the time when that " Reply" was written, the price of the Sheffield shares was quoted at about 321. per share on 82/. 10s. paid up, so that they were at rather more than 60 per cent. discount. I am, Gen tlemen, your obedient servant, JOHN JELLICORSE, Secretary. Huat's Bank, Manchester, March 18th, 1842. ADVENTURES OF A 51. NoT E.-0 n Sunday last a collection was made at St. Martin's church, for the Colonial Bishops' Fund, and a religious old lady had, in the exuberance ofTher love for bishops, placed on the plate a 51. note. While the churchwardens were carrying the treasure from the portico of the church to the vestry, guarded by the beadles, a strong gust of wind carried off the five pound note. It re mained over the roof of the church for some time ; the beadles, in their robes of office, looked at it in wild astonishment, and as it floated towards the river, they set off as fast as their legs could carry them, shouting., " Stop it," " Catch it." The public ran in all directions, believing that the cry was " Stop thief:" A general pursuit ensued, but no one could see either the thief or the object of pursuit, till the beadles stopped it in Northumberland street, and cried out, " It is caught by the churchwarden's chimney." On ascending the roof of Mr. Cobbett's house they found the note all safe. Mr. Churchwarden has, the character of being a very charitable man, and a remark made by a bystander excited great laughter, " The note," said he, " has more sense than the giver." SEWELL AND CROSS beg to inform the Nobility, Gentry, and the Public, that their Premises will be opened on Monday, 28th inst. when the remainder of their valuable Stock will be submitted to their Friends and the Public, at such prices, that must insure even greater satisfaction than has been expressed by the many thousands who have visited their. Establishment, since the commencement of this unprecedented Sale. Compton house, Old Compton-street, and Frith-street, Soho-square. Sala commences on Monday, and follow ing days, at Ten o'Clock. TO THE EDITOR OF THE SUN. In Camp before Monopoly, Ides of March, 1842. SIR,—You have twice printed some information, supplied by an emissary of the Government, respect ing the price of bread in Prussia. If you will have the goodness to publish my correction of it once, the ends of truth will, I hope, be satisfied. It may be some apology for Mr. Meek, that the comfortable terms upon which he travelled, and con ducted his inquiries, raised him above the level of this portion of his subject. I had conditions with my employees better adapted to the investigation—for my terms with them were no wages—and to find them selves; consequently, they have studied economy every inch of their way. I learn that the three ounces franzoischbrod in Prussia is uniformly 4 pfen nings, the third, and not:the half, of a silbergroschien; that housekeepers usually received four such brod chen, or petits pains for 14 pfennings, or 3i pfennings each ; and a still lower price was paid by a family who received 20 such loaves per diem. Further south in .Germany, the name, or a larger loaf of the finest flour costs only a kreutzer. As to the rye bread noticed by Mr. Meek, it is by no means the article of common use, but a leavened delicacy of the finest quality, under the name of mar brod ; and many Germans have a custom of eating a slice of it during their dinner, as an article of diet, or gad, ra ther than of nourishment. The price is, as stated, 11 silbergroschen, but the weight can never be lib. 10,1 oz. It does not appear that the rye-bread of common usage, as the food of man and horse in Ger many, as oats are in Scotland, is materially, if any cheaper than good wheaten bread. It is eaten from ha bitude, rather than economy, by the peasants and com mon people. In some parts of Germany, the household bread called messig, that is made from a mixture of rye and wheat, and seeded with caruc, is very palate able, and on no account to be despised. I think this observation calculated to settle some of the absurd re presentations which our landlords would pass for ar guments against free competition. It is at your dis posa 1 from one who has never deceived you, and can be verified by any German, or by any one who has dwelt among the Germans, for very few of our tourists pass their time with any but the English. MAG. N.B.—Price of good veal, beef, and mutton, in some parts of Germany, equal to W. of our money per lb. ; in other parts, and in Prussia, sd. Table wine, as thQ new vintage approaches, has fallen to a silbergroschen the English quart on the Rhine. Beer, in Prussia, from 1 to 2 silbergroschen ih Bavaria, kreutzers, for the quart English. Clothing cheaper even than in England. Pleasure cheaper in Germany than sulking in this country. God be with you! THE REAL EARTHQUAKE-OR PROPHECY FULFILLED. TO THE EDITOR OF THE SUN. • Six,—On perusing t.lie columns of your patriotic paper of the 17th instant, I could but be amused at the para graph headed " Earthquake by extraordinary express," and must allow that you have treated the subject with much jocularity ; but I confess that I discern much more truth in the ancient prophecy than is generally admitted. No person - can read the sacred works of the ancient fathers without perceiving how greatly allegory was in vogue iu early times. May we not thew look upon the prophecy which has caused of late so much anxiety in the metropolis, as altogether allegsrical ? We are told to expect a catastrophe in the month of March, 1842, bringing disasters upon our land ? Surely then, that prediction is fully realized by the late measure brought forward by the thundering leader of the Tory faction, in the very month, and almost on very day, foretold by the Monk of Dree—a catastrophe about to shake the very foundations of the trade - a nd commerce o" this hitherto prosperous land. I think, Sir, upon reflection, you will agree with me that we have had the ancient prophecy fulfilled (althougl not literally), and that the timid inhabitants of the irw• tropolis need not anticipate a greater evil than that already convulsing our coasts—an Income Tax. I am, Sir, Yours, J. B. EFFECT OF THE INCOME TAX ON THE WORKING-CLASSES. (LORD BROUGHAM'S OPINION.) A corrected copy of Lord Brougham's speech having been published, and some doubts having gone abroad as to what the Noble Lord said on the influence of an in come we Copy the Noble Lord's opinion onth tax on wages, atpoin point w fr a o from ;he corrected report : "A very great delusion prevailed in the country—at least amongst that large class, the labouring population, for whom he felt, and ever must feel, the most lively in terest —as to the operation of the income tax on them. It was a common thing for them, - and for those who in structed them, and who should know better, to say that the income tax could in now ay affect them. There was no greater delusion than this. It required but little argument to show that the labourer was affected by the diminution of the fund out of which he was paid. When capital ac cumulated, the fund was increased out of which labour is paid : when it became diminished, the fund to pay the labourer decreased in the same proportion. The manner in which the income tax was levied showed its effect on labour. You levy so much on men possessed of income ; all that you withdraw from their capital—supposing them tradesmen, farmers, or manufacturers—came from that accumulation which they had made this year, and would either spend next year in supporting labour, or lend to others who would so employ it. The money which they paid as an income tax was no longer an expenditure from which they could derive any direct advantage, for it was taken from them to be applied in another way—to support labour of another kind, which was not productive. If that amount were not taken from this class, it would be an accumulation which would be spent in the same, or the next year. The classes of mere annuitants not in business, would employ their accumu lated capital, if not taken as a tax, in lending it to those who could profitably employ it, or they .would themselves spend it in articles of con sumption, and other modes of domestic expenditure. That was the. case of one class. In another class were the traders, the manufacturers, and the farmers of the country.. He would take the first, because they consti tuted the class to whom the argument applied, perhaps, with the least stringe I.:T. Now, he believed that when a tax fen upon that class, the annuitants not in business, the last retrenchment they attempted to make was, in what brought them more prominently before the eyes of mankind—in what went to maintain outward appear ance—in those things which went to give a colour and a form to their circumstances, as servants' equipage, and what is called establishment. But, unfortunately, the first retrenchment they made was, in that which put productive labour in motion —in articles of consumption : so that even this class of the community diminished the fund which they previously usedin giving employment to productive labour. Then there was the other class, the persons employed in the manufactures and agriculture of the country—and with regard to them, he needed scarcely stop to remind their Lordships that, whatever was with drawn from their fund, was, in fact, withdrawn from that which went to give employment to the labouring classes ; that every 101. this class withdrew from their capi tal,the labour of the working community was to b e by so much lessened the fu nd out of which paid. Their Lordships would remember that there was an essential difference between a tax upon incomes and a former was unaccompanied by a n y extension of. the sup tax upon consumable commod ities ; inasmach a s the port and the stimulus given to labour ; whereas the other, at the same time that it put something into the Treasury, of necessity also put something into the fund out of which the productive labour of the country was rewarded. A tax of 1,000/. upon incomes added n othin g to the p rodu ctive collectedlabou upon labour of tle on co a t r in ti t e r l 3 e ', s whilstg the duties of excise ora tax of the same amount customs, of necessity caused an expenditure of 1,0001. or it might be of 2,00 c/. or 3,000/. more, which went to sup port the trade and agriculture of England." ------ The frigate V e nus, which left Toulon on the 28th ult., to continuo her practice in gunne r y , returned into port on th e 1 8 t h i nst . On the 15th, when ab ou t 30 leagues from the i s l a nds of Hyeres, steering for Cor s i ca , nd three othe r l ea d ers , Captain Bulimit Gilly, her commander , was struck with apoplexy, and died within an hour. a vi t a A t }lelelitetea Madridrd , f os T re the aas Philippine tttrheey oNltero Apallinari o , w h o was ,a g Islands, of 9th Nov., had been shot. The number of the victims of this out break is , estimated at 400. Our readers will recollect .that in December last a Spanish Officer, ramed Quintero, in prison at Vitt or i a , was set at lib er t y by his wife under similar circumstances to those in which M a d ame L a . a l e tte released her husband. The Me morial des Pyaenees states that a prosecution of Madame Quintero has been ordered by the Spanish Government, and that the Tribunal is to be called upon to inflict a punishment of three years' imprisonment. WITH NUMEROUS ILLUSTRATIONS by GEORGE CRUIKSHANK, LEECH, and CROWQUILL. The APRIL NUMBER, Price HALF-A-CROWN, of zix ENTLEY',S. NISCELLANY. • COI4TE23TS:-- Richard Savage. A Romance of Real Life. By Charles White head. a Illustrated by Leech. The Lass of Albany. An Unpublished Poem. By Robert Burns. The Mayor of our Town, and his London Contemporary. A Passage in the Life of Mr. Nosebody. By Davies. With Illustratio-s by Leech, &c. The Beautiful Banks of the Tweed. By William Jones. The Immense Concern Mania. By Old Scratch. - The Necromancer; or, Ghost versus G:amarye. By Isabella F. Romer. The Lioness. By H. R. Addison. The Guard-room Alarm. One Too Many. By H. R. Addison. The PhilosopLy of Money. Edited and Illustrated by Alfred Crow quill. Monte di Fato—the Mountain of Fate. Wanderings of a Painter in Italy. By E. V. Rippingille. The Fossil Flower. Strange Games. By H. R. Addison. The Secret. By Dalton. Polyphemus and Galatea ; or, the One-eyed Lover. A Sea side Sentimental Story. By William Collier. The Dying Bard to his Harp. By W. Jones. Speculations on Marriage and Young Ladies. With an Illus tration by Leech. Gubbawn Seare, the Irish Mason; or, Twists upon Twists, and Tricks upon Tricks. By P. M'Teague. The Orphan. By W. Jones. The Merchant of Venice. 'A Legend of Italy. By Thomas Ingoldsby. Illustrated by George Cruikshank. Richard Bentley, New Burlington-street. TH' AUGHT ÷ CROSS BUN' " .ILL HOT." " To Papists would you give a wipe, You'll print it in,italie type." THE " Bright Chanti-cleer' proclamation of the first " morn," Affichio of darkness, by the barn-door cocks—in unity with the first 15° degrees " rr," or L'bar'nt houi , from "the Pass-over" point—meridian of place, had its usual intimation ! Thus, demonstrating to MAN a sacred libra decree, twice a year—being the generic egg-time "symbole multiplecatif" of both Hemispheres : for .making manifest the " Pez' o-ic indication, from the Base's" or hour image (M) equanto" HYMN or NATURE. A canto*, alike from, and to (a.m., r. se.) in key note a. fined for' one and all" by the in• stinctive laws of in-light'ned Providence, to have place at the termination of the first hour—from mid-night's central dark ness by solsticil 2Equad " yodlsQ"-rate " rasa"-(1 Eccles. verses 4 and SO.-UNDERNEATH the Earth's-Meridian + line of London, &c., &c., &c., at. Equinox's. Par co-'n-sequence, on Sunday night last, at one A.M.- morning time—astronomical : our Ecclesiastical clocks being forty odd minutes fast—alike proven on the noon of Mon day, 21st March—index'd by the magnetic variation of the needle 35D E. from the North and South meridian + line of place—when the " Io zatuatemr," or universal "chaunt" ad vertizement' touched the ear •lap of the policemen on their beats—audiblyt, in succession—as the shadowed dark. ness pssed by the earths'— ever - 3_,inter-position), en saute, westward—causing, thereby- - - - -in instinct rotation—reiterated chanticleer-crow-ings, from the male-birds. The officer (C xo. 181.) marked the vocal sign' nature (from 180 degrees) as alike now, as 'twas 2,000 years ago, recorded by" Livy" for the ,4ffichio of ceremonial " check" to irregularity. Vide Tenth Book of Titus Livius, to this effect, " The vaeators of yearly office, hating in their hearts the rest of that day (20th) behind—and that one night—for being so long." When about mid-night, Mr. Papyrus got himselt up closely, all being asleep. and sent for the Assay cheque-master, to take token ; and observe the estimate and happy presage of the barn-door fowls, in common attest for the " Assay-publique" declarations at noontide of the Sun-stead " tripondium solstitium," or Equenox-station as the vocal a-vovk -epoch for magisteriaLehange, that always had place in " Th' o' of antient times 1 Thus : Take Nature's path, and " mad Opinion's leave." All states can reach it, and all heads conceive ; A-' 16t' our various portions, as ye please, Equal is common sense, and common ease. C. ACKERL EY I 5 S:Nallow-street, 'Quadrant. Author of the Oily-a-genus " LA air," or air-flame magnet to breath-in asthma.-cough —by liquifying the Marrow in the bones, and decomposing any mercury'al-chalk therein—e'en at the point of death. * Equ, mutata in, c, k, ch, and g, as y, i.e. ChaldianL'brqie. Italian "Gallo," time, counts is fractions of time from "sunset"—thus at, 6h. 59m. 60s. after (12) " The cock crew." THE WEATHERNooN, MARCH 26. fLOYAL GALLERY OF SCIENCE, ADELAIDE-STREET. Thermometer... 46) Highest 46 ) Lowest 35 Barometer 29.92.—Wind W.—Freezing Point gl Deg. HIGH WATER AT LONDON BRIDGE THIS DAY. Morning 24 minutes after I. (Evening 45 minutes after 1. gf ))t CELLOR, whose great legal experience, and entire ac' quaintance with the subject, admirably gPliff him for the conducting of so important a rues. sure. One of the main objects of the Bill is to Pre' vent fraud, and to punish it in the bankrupt' hew ever committed. Some of the clauses are exceed' ingly stringent and severe, so that if it pass, thE ; dishonest trader, who contemplates a fraudulent If of bankruptcy, will be very apt to qualify hiffis for a compulsory trip to New South Wales' Thus the - concealment of any property, ,f the_ e value of ten pounds, is made felony, and subjects the bankrupt to transportation. Certificates are to 1 ) 0 refused to bankrupts who have lost twenty poun d : o l d one day by gaming within a year, or two huna r pounds in stock-jobbing. Persons who des troP falsify, or conceal their books or papers, contel; plation a an act of bankruptcy, will be liar' to three years' imprisonment with hard labe ur ti :, and the purchaser of goods° even ill o f way of business within tliree months of the Act bankruptcy, with a view to defraud the ownet or owners by that Act, will subject the bank ru p t to tore y! , !ars' imprisonment and hard labour. The re ,. o some portions of the Bill to, whiCh we have co e to offer, but we reserve them till we see how it vsli, be dealt with in the House of Commons. 41119.‘ de The French Ministerial journals of Thursday ' fend the pastoral later of the Archbishop of lop invoking the prayers of the faithful for the t oners d " of the Spanish Cabinet. The Gove rn ment, we s hod think, will not thank them for their interferen.o The insult offered by the Archbishop to the Spall, REGENT is but an indifferent subject for congratlei tion on the part of the Ministerial press. ted, were not prepared to censure the conduct of them dling Prelate, good taste, if not good feeling, solo gested silence respecting it. At the same tim f e the do not attach much importance to t he acts 6 French clergy. While hostility to the constitutioar Government of Spain is confined to prayers, F' 6l 't TER() has not much to fear. The Divirin whose aid is invoked against ESPARTEUO, can nOt moved to injustice. re o ulA Lieutenant-General De Rumigny arrived at on the 18th inst. It is certain that the bill on the reserve of the but I will not be presented to the Chamber this Session,t o,t• p 04.• postponed until the next. The only cause of ro' ponement is the desire of the Ministers to avl ic h 11 longing the present Session beyond the period vw u ties. had fixed for the dissolution of the Chamber of Il han y The project of law on sar, presented to tho,be er. her yesterday by the Minster of Finance , will it amined, is said, on Saturday in the Bureaux. an er, The letters from Algiers of the 15th, speak °` . ric e r` pedition to be shortly undertaken from the Prl i co the Algiers, which is to be combined with a nother I . r ce are province of Oran. The accounts from this provo. of the 12th from Oran, and of the 9th from :Afil e ,. sl , ll sa a An expedition which had left some days bel'9 lll ,* had proved successful; returned to Mascara t Ge e n era: The letters from Oran, say that the column aua r , ool llo' Bedeau had been seven days on its march "060, 11 ' town to Tlernencen. The roads were in bad eel so ble. and the engineers were obliged to make them 1 ,0 ,fter, by the waggons of the convoy. These wag'gonscortel having unloaded, returned in four days to Oran, es by six small companies .of infantry. The natives came in great numbers to and the Coulonglis, whom Abd-el-Kader had esolarl46 from that place, were hastening to return. The boat was pretty well supplied by the Arabs of the 07, 00' ing tribes. It is stated that the Emir, with a le, cou p is near. Nedrona, and that he has attempted a n es `, tak en -main on our allies, from whom he is said t o hale a few huts, women, and children.—Cominef BOURSE—PARIS, THURSDAY, MARc O ' First Highest Ler.' 11;61 Price Price. Privln french 5 per Cant , ll7 50 .„ 117 60 I" S FPerrane Cents. . . 80 50 tie :AO Sank W ,; : , 380 :9812 60 ...99 0 50 Laffitte Bank 1.40 n. Snares 1015 ...lel% " A :„ li 5,0001. Shares 5047 50 .4047 50 ...be. , :„" Belleau Rank 1811 lO6O ...Iwo „Ji 57 Belgian 5 per Cents. l t d 05 S per Cents., 1840 106% ... 106% 1 "';.7 Dutch 2% er Cents. Spanish Active 15% ... 25% `. 254 "4 Passive 534 ... 536 ... 54 `:11) 3i % Portuguese per Cents. Veal I min a n RAILW 105 .. 10 5 1 1 AY SH' ARES Versailles. R B 347 50 ... 948 75 ef„s o L.B 21875 .. 220 ... 2 1 1 3 , s o"" itousn ................. 522 50 ... 525 5%:. • /dean& .. "" 565 ... 565 0 1 SA - ntburg•oßair 241 25 ... 242 50 141 .010. . MADRID, MARCH 17. Seven bargi n g Dario Threes were done at 20 for cash; 204 lit o f7res l6 dates: Twenty-eight bargains, fog 16,600,0 , g o in the Fives, at 27 for cash, and 27 for -- o p HALIFAX, MARCH 12.—The American siii,l 3 .,!br i S was boarded off Halifax by one of our L u nen She is abandoned, loaded with cotton and r O l':crev i i brig took charge of her for a day, but finding .* - 0 1..0° too weak to manage both vessels, left her, a 4er out some cotton, coffee, papers, & c . She had vrrt):i, s., water in her, and appears to h a ve lost her a" i ' in e bfi ,e only. Something very mysterious about it. 1/ " vessel out looking for her. MONEY and COMMERCIAL ;7 2 _gi. CITY, QUARTER TO TIIO This being the close of the week, and holia) o d d very few members of the Stock Exchan" i t e a 9 a ir ili‘ their apyearance. Business. has been c oaneil iv ` h - •(1% ; tary purchase of Consols at 8911 for money. ,'„ e ..als,4 tation is 89i for the Account. The New ;Din - 1 0 ' . Half per Cents. 99 to 99i ; Bank Stock, .1 69 , 3 ,: d 0P,,,, Bonds, 10 ; ,and Exchequer Bills, 27 to 29 Pre''ld V I ; The Foreign Market is quite deserted, the l e ti gi d oi'' tations being Mexican, 411. ; Peruvian, 17i; e n ' - .11 244 ; all for the Account. ,P 0 A few Shares have been sold in these lines : 7 4 • 0 ' Western, 594- ; Manchester and Birmingham , 2 York and North Midland, 94k. 4' The holders of Dutch Bonds are making env ° A ) a novel method of proceeding on the part CR' - t hAt tractor for the loan in this country. It arPc 3r ,, s whole of the coupons attached to the bonds, a r - t r i elfr - of hausted, and before this gentleman will provic' 3 '„ fee, r , holders with a 'fresh sheet, he demands it as " J" y two per cent upon the amount so 3represe e-rd, leri principle involved is of immense importance t° thee of foreign stocks. PRICES OP SHARES THIS DAY AT OI R A ILWAYS. PA 3 i B d i Per s S 9i l, ......... . to o London and South Western Manchester and Birmingham ... 40 York and North Midland... 5O PRICES OF IRISH STOCKS, DUBLIN, 3 per Cent. Consols Three and Half Stock 9B; 'Grand Canal Steek" n t... Ditto Reduced Ditto New 1830 — Ditto 4 per• -••• , •• ti t •• ' ' 34 per Cent. Debs. By the Acadia steamer, we learn from Cr i A e the weather generally throughout Canada hal: ears' vourable, and it was expected that the en!` l ' il teg l : o o would prove abundant if it continued. 'r ue , vit ri te tures were actively employed in discuss ir tb ge measures for the benefit of the colonists ; 0 „„us ports of trade were good, although heavy 4 'o complained of. The merchants at Nova S% - o , 1.1 ; $ , formed among themselves a Whaling Assochltivete which great ad vantages to that place Oi s e petted to be derived. All classes, b°l'ilterf,r",, chants and mechanics, had met the t e , eo nt!, with spirit, a large amount of stock having ut forl i ' te t/ diately subscribed. Sanguine expectations we. g st i ,". p g and apparently with some foundation, it be oi l that the colony possessed wealth, facility O r a d vessels, active and able seamen to man them,- paratively cheap provisions. , w or It is singular that this valuable branch of co re o f Las not attracted attention in Canada h e f t ,, j s d The United States have pursued the trad e i v s ley years with complete success. New Sou th s t have increased their ships engaged in this 101 l itt 22 in 1832, to 53 in 1838. The value o f the: o, 66o:u Van Dieman's Land was 11,2681. in 1828, an d t ' r ° ore I , P ie 1838, having been 135,210/. in 1837. Sei ti ;` : ti tl Cape of Good Hope or New Zealand -R al s o ! oi l, places ; and yet Canada, with advanteges s peo,, mensely superior, has scarcely, until the prelo ,0104? made an effort to join in this lucrative emP hi iat h ti ` , 4 It has for some time been a source of coMP that the quality of the tea shipped from c a nton th e 0 been equal to what it used to be previouslY w 10 1 19 turbances ; and it was much feared tha t i g o ( portion of the contents of many of t j' i c ,ppli t itv consisted of anything but tea. The s fr d ui 01 this article for Canada is chiefly deli% ei r i p cie l d United States, to which green teas are 1 3 ,,ite!!',,pt shipped, and a frightful picture is given of the aced .11'ej trash which has of late been received. It is every grocer has withiit the last two years tu or spurious teas." NC $. SPORTING INTELLIGE (RECEIVED THIS DAY .) ,t/. it t BOSTON STEEPLE-CHASE—TaeasPpor Handicap of 10 sovs. each, 5 ft, with 100/. added. , 0 0/ Mr. R. Ilunters's Peter Simple, I 2st 71b ......... Mr. J. Smith's Commodore, list 101 b ............ Mr. W. Loft's bg, by Sar.dbeck , 11 s t 71b •••••" .. ....... Mr. Walker's Perseverance , list 71b ............. Mr. Thorpe's Waverly, 1 lat 71b ......... .•. ......... c ,; 0 (1 .011 The race is claimed by Mr. Walker, on the gr opponents took the wrong line. tf!; • COURSING. o/ --Ab e V I II de POTSEURY MEETING, MARCH 21 . A .t.rn • r • %svitorirttisymAalnr: and Sharp'sthe Spring,Consolation t the A s v ta o k n es S , t b a y kl lr b ?.4 . 4 o Queen. li d flog ) " SIoULsRY HURST, MARCH 22,—The CUP 51r• won by Mr. Ilothun's Beauty, and the Stek 4 by ; Lily. t BETTING AT MANCHESTER—FO P ,i t o to 1 CHESTER Cur.-10 to I agst Lanercost—ta ken, ult, I to Alice Hawthorn—taken, 12 to 1 apt Nlarshal agst Cormorant — taken freely , 23 to 1 agst Rhotlal l l ie ) 0 a g st Cruiskeen, 30 to 1 agst Johnny, 30 to 140 " tOe taken. The rest as before. f 1 DERBY.— Bto 1 agst Attila, 16 to 1 agst Lar d °35 to —taken freely, 20 to 1 agst. Chatham—tak en ' os e. Palir.urus, 35 to I agst Espartero, 40 to 1 agst P an other change. Wilts.-8 to 1 agst Mr. Thornhitl's lot. 2,000 GUINEAS STARES.-5 to 2 agst ere, No es agst Meteor, 7 to 1 agst . Timoleon. ktrontiM;tfition SUN OFFICE, Three o'clock. Letters on the subject of the Income Tax continue to pour in on us from all quarters, and scarce one of our numerous correspondents — but denounces it in indignant terms as a galling burden which—when it is once clapped on our shoulders—we shall have the greatest possible difficulty in shaking off again. There is but too much ground for this opinion. Sir R. PEEL well knows how available an Income Tax may be made for party purposes, and having once familiarised us to it—having once got the wedge in, he will take special care to drive it home. Reasons for protracting the impost beyond the three years, will be " plentiful as blackberries" with him. He will discover that France looks menacing —that Russia is not so frank and conciliatory as she should be— that America requires watching ;—that, in fact, from one cause or other, it is absolutely necessary that the Income Tax should still be persevered in. "We very much doubt," says a Morning Contemporary, " that speedy withdrawal of the tax which the people and the Premier hope for." For 'our own part, we have not a doubt upon the subject. Our belief amounts to a strong, positive convictionjhat the impost is intended as a perpetuity by the Tories, and that they will never remit it until some such' storm whistles about their ears, as scared them out of their senses, in the memorable year 1832. Entertaining this conviction, we urgently entreat our countrymen to weigh well their position ; to look the danger that threatens them boldly in the face ; to grapple with it ; and to deter mine not to desist fron-A,..agntion until it be wholly overcome. Now or never is the time to bestir them selves. A fortnight hence, and the golden opportunity may have passed, not to return. Already the House of Commons begins to exhibit symptoms of vacillation and uneasiness. The Tory majority is by no means firm or resolute ; and a word spoken in time by the Constituencies will have an immediate, salutary in fluence on its, votes and speeches: In the same urgent spirit would we appeal to all the Liberal Members of Parliament. More especially would we entreat them not to be diverted from their duty from any idle apprehension of being called " factious;" but to avail themselves, without scruple, of every means of opposition, no matter how extreme, or unusual, they may be. The present is no season for squeam ishness, or nice attention to the rules of Parlia mentary etiquette. Sir ROBERT PEEL has himself announced his intention of giving no quarter to the country, but of insisting on the Income-tax in all its rigor ; and he must be met in the same spirit of stern, unscrupulous, uncompromising hostility. As he has sown, so let him reap. As respects the Tory Members, we have little doubt that we shall shortly find many of them taking the same 'view of the Income Tax as ourselves, and falling, on this particular question; into the ranks of the Liberals. And no wonder. Sir ROBERT PEEL has grossly deceived them—lulled them into a false se curity—and taught them to believe that he would propose n 1 measure but such as should be likely to meet with a ready acceptance from all the rational classes of the community. In his famous speech at Tamworth he conjured all good Tories to rely on his discretion—his good sense--his experience, and so forth ; and more than hinted that, as moderation was his great political characteristic, they would he sure to be safe under his guidance. And how has he fol lowed up his sayings ? By the proposal of an Income Tax—the most tyrannical, inquisitorial, teazing im post with which a nation Was ever yet cursed ; which has caused extreme uneasiness amongst his supporters; disturbed their unanimity ; destroyed their previous confidence ; and filled them with all sorts of ugly ap prehensions. We confidently predict that we shall have many of them voting with us ere long. In a great commercial country like this, where the various relations of debtor and creditor are liable to constant abuse, no branch of the law ought to be better defined, or framed with greater care, than what relates to the question of bankruptcy. There has been no want of legislation upon this subject, but as many of the law-makers had individual reason to dread the operation of their own enactments we are inclined to think that they were not over solicitous to close every door against collusion and fraud. At all events till a very recent period, no portion of the statute-book presented a more disgraceful appearance, than what related to the questions of insolvency and bankruptcy. But, within a few years, many valuable improvements in this branch of Legislation have taken place, and there is at present a Bill before the House of Lords, which if passed without undergoing any material change in its progress through Parliament, will re move nearly eve r y o bj ec ti on w hi c h we have heard It made to th e p resent state o f t h e b anrup t c y laws. has been prepared and brought in by the LouD CHAN' St