The Sun. — London, England, 1861-06-08 00:00:00

THIRD EDITION. SUN OFFICE, Six o'clock. GREECE. A letter from Athens says :—" We have been for the last few days under the weight of a political cr isis. The Government thought it could turn it to its advantage, and suddenly arrests were made at the moment when they were least expected. The Government pretends that it has discovered, or is on the point of discovering, a conspiracy against the life of the King, as well as the existence of a secret society, whose efforts would tend to over throw the existing state of things. Among the arrested is M. Kalamides, chief editor of the Tele- graph journal, an opposition paper, and said to be the organ of the Senator Shris tides. Four officers, two of them of superior rank, have been also im prisoned. The investigations into the affair has been commenced, MONEY AIABKET Aff.D Grl'Y NEIVAS'. CITY, Two o'CLocK. The Bank of England return completed to the sth inst., is of an unfavourable character. Owing to the remittances of specie to New York there is a decrease of about a quarter of a million in the stock of the precious metals ; the reserve of notes also shows a diminution of three quarters of a million sterling. The increased demand for money is shown in the addition that has been made to the other securities amounting to a quarter of a million, and in the private balances there is also a falling off of nearly a million sterling. The other items of the balance sheet show little change of importance. Subjoined are the particulars:— Active Circulation .. £19,865,695 Increase .. .. 496,025 Stock of Bullion .. 11,940,817 Decrease .. 227,451 Rest .. 3,222,592 Increase .. 1,469 Public Deposits 7,219,540 Increase .. 345,717 Other Deposits 10,714,028 Decrease .. 929,537 Seven Day and other Bills .. 620,170 Increase .. P 4,570 Government Securities .. .. 9,916,605 No alteration. • Other Securities •• •• •• 19 862, 603 Increase .. .. 225,695 Notes unemployed .. 5,679,740 Decrease .. 763,120 A further sum of £45,000 in gold was taken into the Bank yesterday. In the Foreign Exchanges, yesterday afternoon, there was very little alteration, but more firmness Was generally apparent. In the Li v erpool Cotton Market, yesterday, the sales amounted to 10,000 bales, but there was no material alteration in prices. The imports of specie since Monday last amount to £147,315, and the exports to £538,729. There has not been much animation in the English Stock Market to-day, but increased heavi ness has prevailed, Consols having receded to 891 for money, and to 901 1- for the account. Specu lation is extremely dull, but the Bank return being considered unfavourable has led to a continuance of aides. The New Threes and the Reduced have receded to 891 g ; but Exchequer Bills are firm, at 2s. dis. India 5 per Cent. Loan receded to 971 f, ; ditto Debentures, are 954 98 ; and ditto Bonds, 10s. dis. There has been very little alteration in the Foreign Stock Market, but the dealings have been numerous. Turkish 6 per Cents. are 70/ 71 ; ditto, 1858, 55 ; ditto 4 per Cent. Guaranteed, 100/ ; Venezuelan, 18/i French 41 per Cents., 94f.; Brazilian, 98/ 99 ; Buenos Ayres, 901; ditto De ferred, 284; Equador, 14; Mexican, 218 ; Portu guese, 47,-1 ; and Spanish Deferred, 43. The dealings in the Railway Share Market have been very limited, but prices generally have shown little variation. Great Northern A Stock, however, bas declined about 10s. to 15s. ; and Nortb Eastern (Berwicks) have improved ss. The other lines dealt in remain at about their previous values. In the Foreign and Colonial Markets the opera tions were of an unimportant character. South Austrian and Lombardo-Venetian brought 151 ; East Indian were flat at 1001-; Great Western of Canada brought 10/ ; and Grand Trunk of Canada, Joint• Stock Bank and Miscellaneous shares continued very inactive, and prices were without alteration. BRITISH FUNDS—CLOSING PRICES, per Cent. Reduced Annuities B9k ' per Cent. Conasis Annuities New 3 per Cent. Annuities India Stock Ditto 5 per Cent rntto Debentures, 1859 96 Ditto Bonds £l,OOO lO dis Cm°ls for Account, July 10 Exchequer Bills, £l,OOO, 11d D tto £500 FOREIGN FUNDS—CLOSING PRICES. Brazilian 5 nor Cent Ditto, 1839 & 1859 9Bl Buenos Ayres, 6 per Cent Ditto Account Ditto Deferred Equador New Consolidated Mexican 3 per Cent — Ditto Account New Grenada Active, 31 per Cent. ___ 7' Ditto Deferred Portuguese 3 per Cent.. 1853 47 Eardiman 5 per Cent Ditto Account Spanish 3 per Cent Ditto New Deferred Ditto Account Turkish 6 per Cent .. Ditto Guaranteed. 4 per Cent. Venezuelan 3 per Cent Ditto Account Dividends on the above payable in London. French Rentes, 4i per Cent., Ex. 25f. 94f. THREE O'CLOCK. Controls, Money B9s Ditto Account 9ok $ 11118 DAYS SHIPPING. LONDON, June B.—Wind this day at noon, North . Easterly; moderate breeze, and cloudy weather. PORTSMOUTH, June 7.—Wind N.E.—Arrived—Her Majesty's ship Wye, from Woolwich. SWANSEA, June 7.—Wind S.W.—Sailed—Rota, for Haveaanah. CLYDE, June 7.—Wind S.W.—Sailed—Helenia, for 31oraterg. CARDIFF, June 6.—Wind S.B.—Sailed—Elletnine Maria, for Bilboa. PLYMOUTH, June 7.—Wind W.—Sailed—Dane, screw steamer, for the Cape of Good Hope. COWES, June 7.—Wind N.N.E.—Arrived—Arago, steamer, from New York. YouGHAL, June 6.—Wind S.W.—Sailed—Nameless, for Miramichi. (BY ELECTRIC TELEGRAPH.) SOUTHAMPTON, Saturday Morning. Arrived--Alliance, steamer, from Havre; Courier, steamer, from Jersey; Queen of the Tyne, from Riga ; Havelock, from Shields , Dan, from Scilly ; Isabella, from Sunderland ; Mechanics' Own, from Newport. Sailed—Argyll, steamer, for'Carentan. - (BY SUBMARINE AND MAGNETIC TELEGRAPH.) GRAVESEND, Saturday Morning. Arrived, June 7—Karsina, from Groningen; Norsk Love, from Krageroe ' • Sienkaversema, from Gothenburg ; Maria Mathilde, from Thisted ; Margaret Elizibeth, from Odessa ; Silus, fr, m Uddewalla ; Fo tuna, from Emden ; Dinora, from Guernsey. Sailed, June B—Leipsig, for Hamburg. DEAL, Saturday Morning. Wind N.N.E., moderate. Passed—Edmund Graham, from London for Madras ; Brenda, screw steamer, from London for Genoa ; Nuova Lavrouse, from London for Cardiff; Padre, from London for Marseilles. Sailed—Boudicar, for London, in tow. The successor to the late Sir Richard S. Dundee at the Board of Admiralty has not been officially announced, but we believe directions have been issued to prepare a fresh patent, in which the name of Rear-Admiral of the Red the Hon. Sir Frederick William Grey, R.C.8., will be in cluded. It was at one time supposed that Vice-Admiral of the Blue Henry Eden would have taken the vacant seat, but we have been informed that the gallant officer is not covetous of civil employment. —Army and _Navy Gazette. EMBEZZLEMENT OF £lO,OOO BY A CONFIDEN TIAL CLERK.—Yesterdayrat the Guildhall Police-court, Ernest Brown, who for many years filled a highly-respon sible position in the employ of Messrs. Bordier, Fabris, and Co., merchants, of 30, Throgmorton-street, was placed at the bar before Mr. Alderman Hale, charged with em bezzling various sums of money, amounting in the aggre gate to about £lO,OOO. The prisoner was apprehended in South Africa, by a City detective. The information upon which the warrant for the apprehension of the prisoner was issued having been read, evidence was adduced in support of three charges, involving an amount of £1,060, out of a great many that were discovered upon a careful investiga tion of the books after the prisoner had absconded. Having heard the whole of the evidence for the prosecutiop,.th9 prisoner expressed no desire to make any defence to the heavy charges against him. Alderman Hale committed him for trial. , g Business Share Railways, ;Paid Closin 1 I Price. Done. 25 Blythe and Tyne 10 per a pref. (issued at .£s' sit stock kris. & Exet.4 p.ctstoel• 100 ,- 20 Do. do. do. Shares stock Cateflon £lO, 41 percent 100 100 102 stock Do. Quar. Shares, No. 2. 1 00 6 i Cork & Bandon, 51 p. c. all 20 Cornwall. 5 per cent. 6 4 IDun.Perth&Aber.Jun all 51 6 14 Do Ist Class Pref all stock E.Angn.Class A 7 &sp.e 100 99 101 stoe.',. Do. do. Class B 8 p.a lOO 108 112 stock Do. do. Class C 7 p.c lOO 105 108 stock E. Coun. Ex. sp. c. No.l 100 108 110 stock Do. do. No. 2 100 106 108 107 stock Do. New 6 per et. stock. 100 122 124 stock Eastern Union,4 per ct. 100 80 82 80 4 I stock Do. 5 percent. guar... 100 stock Edin.&Glas.sp.c. shares 100 tO9 111 stock Do. 4p. c gua. S. &D. 100 90 92 stock Edin. Perth& Dun. 4 p.c. 100 75 77 stock Furness, Ver cent .... 100 stock Glas.& S. est.g.a. 5 p.c. 100 stock Great Northern, sp. et. 100 113 115 stock Po.sp.c.Redm.,lop.c.pm 100 110 112 stock Do. 41 p. c. do. do. 100 Do, 5p c. Redm. 5 p,c, p m 80 106 108 10 Gt. Nh. of Scotld. Ist pr. all stock 5 Gt. Sn. & W(lreland)4 p. ct. pref. stock 1 100 97 99 t.. 0 Great West. (Berke ano Rants) Ext. sp. et stock Co. Redeemable,4l p.ct lOO 93 100 stock Do. Redeemable, 4p. ct lOO 89 91 stock Do Irredeemable, do lOO 90 92 stock Do. 5 p.ct. Redeem. Pref lOO IC2 104 8 Do. Birm. Pref. Shares all 94 10 10 (it. W. Ches. 8 p.c. pf.sh all 17 18 1 , Do. do. 6p. et. pref .. all 101 101 stock Do Birmg.c - uar. stock.. 100 74 76 261 Do. Chester gua. shares all 20 21 131 Do. do. do. 20 Do. do. do. 100 Lan. & Carl. 41 pc. pref 4O stock Lan.&York 6p. c. stock lOO stock Do.Barnsl.st£s 38 10d pc 100 `— stock Do. 6 per c. (E. Lan.) stock Lon.& Brig.s pc.gu. No.l 100 113 115 stock Do. sp. C. No. 2 100 113 115 stock Do. gua. 6p. c. stock Do. do. 5 pat stock Do. do. 41 per cent-. lOO 101 103 5 Do. do. 41 p. a shares all stock Do. 7p. ct. Pref. stock lOO 150 155 stock Do. 6p.c. do. (W.E.&C.P ) 100 028 131 stock Do.4p.e.S.(div.def.til '65) 100 71 74 stock Do. 4 per cent. Pre! lOO stock ' Lon. Chat. and Dover lOO 86 67 Do. W. A rceiv. no div 10 1 Ex.A til 6p cispd on 1 all — f :10. B B. & Brom ex. all 10 Do. Metropolitan Ex B 21 stock Lon. and N.W. Coy. and Nuneaton, sp. et.— 100 stock Lon, & S.W, 7p. et stock 100 stock Do. 44 per cent Is. fid. Do. (Prtsm. perpl anns of 2s. 6d... .... . . 12 1 Londondy. & Cole. sh all 12 i 1 Londony. & Ennis. sh all 131 141 134 stock ID lT o a .x n. 6 Sh. &Lin. 6 per et 100 124 126 41 i 6N 'Do. 31jer cent Do. 1 0 D r eem. 6 percent 5 4 11 , 121 'Jaryoort & Car., 4p. a all 12 5 Do. 41 per cent. all stock Mid. Con. 6p c. stock lOO stock Do. Con. Bris. & Bir. 6 p.c lOO 135 137 stock Do. 41 p. c. pref. stock lOO 101 103 103 6 Do. 41 per cent 3 stock Do. Lela & Hit. pref. st. 100 91 93 stock Norfik sp. a Ex. st 1848 100 stock Do. 51 p. a Pref. do 1847 100 stock Do.sWay.Val.Ex.st.lB47 100 stock North British, sp. a stock Do. New, gua. .sp. c lOO 108 110 101 Do. Bor. I.Tn. g. pf. shs 5 1 1/ 1 , 10 ' Do. do. do all st Nth.Dev.Rail. & Delt.Co. 100 at N-East.Cons.Pret 4p. c. 100 91 13 at Do. 41 pe. redeemable lOO 99 101 at Do. G.N.E. 4 per a pref NO 100 101 17 Do. Berwick, 4 p.c. Fret. 8.13.4. p ip 20 Do. Leeds, 6p. e. No. 1 13 121 Do. do. Quarters, 1848 9 25 Do. York, H. &S. Pure] 10 1d *p 20 North Staffordshire all 224 23 10 Rhymney Guaranteed. all 84 Scottish Central, new pi all st Scottish North-Eastern 31 p. a pref. stock lOO at Do.Aberdeen,gua.6p.c 100 at Do. 7p. a pref. stool: 100 131 133 10s. South Devon, Ann. 10s. all 10 101 10 Do. Fixed 41 per cent. all 1.0.6 South Eastern (Iteadini: Ann., 1.0.6) at Do. 41 per cent. lOO 99 100 st Do. Fixed , Ip.c. Ist is. 100 99 100 at ts'outh Wales, gua. 4p. a 100 st Do. 41 per cent. lOO 98 100 at Do. 5 per cent' lOO st S.-Yorkshire, 4p. a gua. 100 85 87 25 Stock. & Dar. Asp. c. a all 261 271 25 Do. B 6 per cent .3 all 52 33 25 Do. C 6 percent all 32 33 st Watrfd & fiilkny, 6 p.c lOO 45 48 st . W.Mid DO -Oxtl 2 s d t G do uastit 1 1 goo 1 12 24 0 1 1 2 2 6 5 at at DDoo:pNeerpwpoetr6t s p p e .c. p p i f i r B ed ii 1 1 0 0 0 0 1 12 0 0 1 1 1 2 0 2 3 at Do. till 1869, Ist is. 100 115 117 LINES LEASED AT FIXED RENTALS. Paid. Leasing Closing Business Co.'s Price. Done. Railways. Bedford and Bletchley all Ln &L'i • w Bullringhamshire lOO Do • • vt 71 ,1 Chester & Holyhead 100 D 0.:...... 521 Do. si per cent 100 D 0....... 121 123 Do. 5 100 IDo. .... . 11 0 111 11 ,Clydesdale June lOO ICaledon... 100 102 Colchester, Stour Val all E.U.&E.O 151 161 E.Lincolnsh. g 6 p , r e lCd. Gt. North. 131 133 E.lTnion,HarwichShs all E.Counts„ 91 41 Do. Woodbridge j 100 Gls.Barr.&Neils.Drct lOO Caledon... l Do. new lOO Do. . . Gloster & Dean Forest all G Hrtlp'l Dock & Rail.. all Yk.N.&Br Hull and Selby all Yk.N. Md. Do. halves. Do. quarters.. .... all I Do. . Lanc.&Carl. gua..g p.c. 100 LnkN.W. London & Greenwich. 100 IS.Easternl Do. Preference .... • 100 Lon.,Tilbury,& S -end 100 IPeto &Co. Lowestoft gua. 4 p c.. 100 (Norfolk.. Do. A per cent lOO Do. , .. t Mnc., Bxtn ,&Matlock all L NW&M Mid. Bradford Prefer ence S ock N N e ogu w rta m h. arkt,BuryEx. 5 n s & p ß er a c s e t r. s p. 1 . 00 5 & I C d o la u n n d. all Do. Do. Fixed Pix p el - sp. c.... all Do. North Western all Midland Preston and Wyre, t all L& NW Do. Shares . . & all 60L..Yk. Roystn.Hitch., .. shep 100 Gt. North. , .Shrawsbry&lfercford 100 T.Rrassey Do. do. 1 Do. S.-Staffordshire all M'Clean... Wilts and Somerset lOO Gt. West. Wimbledon &culla, all L.4sl3rgtaa PREFERENCE SHARES, SIIARE 71 :c AiI.KET.- (THIS DAY). ORDThARY SHARES AND. STOCKS. 8 84 81 83 6 7 97 99 961Dii 06 1 7k ~, Closing Business Price. Done jShare ] 7e 1 41 43 sk il 171 15 49 50 38 40 27 29 82 84 26& 27 107 109 125 127 108 110 102 104 [3O Ps2 103 105 724 73 80 62 101 111 50 61 .18 120 44 46 94 94i 94 0 ioa 11 42i 0 4 3d 1201 121 1* !fp 94 96 8 6d 54 1113 621 631 103 103, P 59 60 911 elf 95 08 4* 4* 1 9t 10* 77 ;9 114 116 324 MI 85 87 46 48 39 41 796 80 62 64 93 95 4 7 395 405 95 104 56 6 p 55 56 2 d 3li 81 83 111 111 46 98 41 43 85 87 Railways. Belfast and Ballymena Bir., Wol , and Str. Val. Birk., La., and Ch June Blyth and Tyne Bovt. Sleaf. and Mid,Co Bristol and Exeter Caledonian Carmarthen Cardigai, Cork and Bandon Cork, lilroek., Passag€ Cornwall Do A C A gets no div. until 6 c eran. Do B hasbeen p d. toB Dublin & Belfast J unc Dun., Perth, &Ab. Juno East Anglian Eastern Counties Eastern Union, A stock Do do B do Do Nw A, late EU3ds East Suffolk Edinburgh Ss Glasgow Edin. Perth, (t Dundee Forth & Clyde Junction Furness Glasg. and S. Western Great Nthn. of Scotland Great Northern Do do A stock Do do B do Gt. S. & W. of Ireland Great Western Do Str Val gus. stock Irish Sonth-eastern Lancashire & Yorkshire London and Blackwell Lon., Bright.. & S Coast Lond., Chat., and Dover Lond. & Nth. Western Lond. sc Sth. Western L'derry it Coleraine L'derry do Enniskillen Man. Shef. & Lincoln Maryport and Carlisle Do do * shares I netropoll tan Midland Do new Do tAirrning. & Derby Nfld. Gt. W. of Ireland Do 4 shares Mid Kent. ••••••• .... • • Do, Cray Line Newcastle and Csriisle Newry & Armagh, def Newry, Warnpt. & Ros Norfolk North British ... Nor. Dev.Rail&Dk.stoot D' 4 3tk ; A revs no d. until 6pchas beenpd.B Do B stock ......... Nth. Eastern—Berwick Do do , G.N.E. purchase Do Leeds ....... ....... Do York ........ ...... North London Do new North Qtafrordshire. 1. and.S. W. Junction Not. &Grantham Rail Peebles. Portsmouth R hymn ey Scottish Central Scot N. E., Aber. stock, Do Scot. Mid. stock... Shropshire Union ...... Sitting:bourne & Sheer. South Devon .......... S.-Durham & l.anc. Un. South Eastern South Wales .. S. York. and River Dun Staines, Wok,. and Wok Stockton & Darlington Do do Do New (1860) Taff Vale . Do Pref. No 1 ThamesllavenDk&Rail Ulster . Do .. • Do Vale of Neath Victoria Sta. and Pim Waterford & Kilkenny Waterford & Limerick West Cornwall West L0nd0n.......... Do Ist class Do 2d class •• .• •• WestHartlepool Harbr and Rail 4 ------ West Midland--Oxford Two. Newport Do. Hereford 100 22i 100 100 100 1 100 1100 100 1, 100 all all 100 1081 102} 2 72 1; 103: i 13 591 60 591 80 791. 110 112 198 202 60 62 112 117 87 90 Si 31 94 96 P 55 57 15i 16 131 133 115 120 - - 10i 1 1 89 91 gi ;I -1 THE SUN, LONDON, SATURDAY EVENING, JUNE 8, 1861. r ; .,, r BRITISH POSSESSIONS. Sharel Railways. 100 stk 20i 204 10 100 100 100 176 20 stock 20 20 100 100 100 stock stock stock 20 stock Mclb.Corp. 6 /3. o. Bnds. Newßrunswick t Canda stock stock Algerian Antwerp & Rotterdam. Ardennes... Bah!&S. Fran,. L p.c. Bel. - ian East. Junction Beziers to Graissessac.. Carmeaux Mine & Rail Copiapo ................ 1 )itto Extension Dutch Rhenish . Eastern of France Grand Rua Guar. a p. c Do. do. Great Central of France Gt, Lkixem., Con. els— Italian Junction Lierre & Turnhout Lyons & Geneva Namur & Liege Do. 6 p. o. Pref. Northern of France Do. New Shares Norwegian Trunk Pref. ParfB,Lyons, do Mediter. , Paris 0r1ean5........ Recife & S. Fran. (Peru.) rua: 7_p. ct. 1irn...... Riga & Dunaburg...... Royal Danish Royal Swedish ........ Do. 7 per cent. Pref.... (Sambre & Meuse ...... S L . Do. 51 per cent . Pref..... San Paulo, ulna, g. 7 p. c. .Aust&Lomb Venetin outhern of France.... S. East Portugal 7 p ct. West Flandeni Do. 51 p. c. Preference.. W. & N.W. of France .. West'rn of Austria.... Western of Switzerland Wiesbaden ...... ...... Do. 8 per cent Pref. ... Zealand .. Atlantic & St Lawrence, Bom.,Baroda& Cent Ind Gu. 5 per cent.. Do, Do. B Buffalo and Laze Huron Do. New '' • • • Do. Preference ...... Buffalo, Brant, &Godrich 6 p. ct. bds. Aug. 1, 1872 Do. do. July 1. 1873 Do. do. June 1, 1874 Clcutta. &S. Eastn. (Lim, Cape, Eas tn. Prov. (Lim.) Cape Town & Dock Scrip Ceylon Guarantd. 6 p. c. Demerara.. .. Eastn. Bengal gu. 5 p. c East Indian, gu. 5 p. c. Do. F Shares Ext..... Do. Jubbulpore Do. 4il p c. Debentrs Do. 5 p. c. Deb., 1864 Do. 1865-1870 'Grand Trunk of Canada Do. 6 per cent. Pref Do. 2d Pref. 6 per ct Do. 6 per ct. Debentr Do. 7 per cent. 1862 Do. do. 1867 Do. do. 1872 G t.lndiaPenin.gua.sp.c Do. New gua. 5 p. c Gt. South.of India (Lim) guaranteed 5 per cent. Do. do. Gt. W. of Canada Shares Do. New Do. 6 p.c. '73 witlet opt IDo. 5} p. c. do. '77 do Do. 5$ p. c. do. '7B do Madras guar., 4t p. c Do. do. 5 per cent Do. ft p. c. Extension Do. 5 Ry.&Land(Lim.)g.fipc Class A Capital Share IDo. do. Land d 0........ Do. do. B Capital Do. do. Land do. ...... Oude (Limited) . Scinde ......•• • • = 143 Do. Punjaub c 43 Do. Do. ....•• 3 Do. Indus. St. Flo. *,g4 Trinidad (Lim.) Scrip.. /100 15 all 100 1 FOREIGN RAIL 18.8. all all all all all Paid, Closing Price. 61 66 96} 961 4i 5 d 6 7 75 80 65 70 6% 70 4i 6i It I I pr 1 4d 1001 101 07 99 981 991 986 991 10 201 65 68 51 53 34 36 44 47 3t 36 34 36 98 09 idid 91 96 d 101 11 9/ 91 v 5 98 00 92 85 87 95 fa 87 89 5 7 5 7 99i 100 i lid I — dl 93 95 WAYS. 6} - - 1) 2 J 4 I 1 11 12 31 2, 3 2 22 23 7} 71 81 Si 191 ?( 88i 394 8 9 36 37 53 55 5 4 13 11 61 6 81 f ids 22 23 6 6i 9i 91 20 21 BRIT'S Alfred Consols(Philaelc)l ,British Iron Ulifrord Devon G. Cons. (Tavist.) East Bassett (Illogan) East Caradon ...... E. WI Russel (Tavistk.) Gam.&St.Aubyn(Gwen.) Great South Tolgus G. Wheal Alfa. (Philack) G. Wheal Vor (Helston) (Grenville Herod's- F00t.......... Hingston Downs Lady Bertha Margaret (tiny Lelant) North Downs North Frances (Illogan) N. Wh'l Basectt (1110 an) North Wheal Crofty Par Consols (St. Blazey) Providence (Uny Lel nt.) Sortridge Cons. Min. Co. South Caradon(St.Cleer) S. Carn Brea (Illogan) S. Dev. Iron &G en., Lim S.Wheal Fran. (Mogen) Stray Park Taniar Silv.ct Lead Min Tin Croft Vale of Towey (Caren )! West Basset (Illogan) I W. Caradon (Liskeard) West Seton Wheal Basset (Illogran)! Wheal Buller (Redruth)i Wheal Edward (Cals.)l Wheal Kitty (IJ.Lelant) , Wheal Mary Ann (Men.) Wheal Treiawney (Lis.) FOREIGIs 20 Australian 1 'BonAccord Copper, L im. 20 Brazil St.J.del Rey,Lim 5 Do. Land and AlmingCo. 1 Clarendon Cons.MinCo 10 Cobre Copper Copiapo .. 1 DunMoun.Cop.Ming.Co 2 Fortuna. 20 General 2 Gt N. Cop. of S. Austr 1} Kapunda (Limitedy 3 Linares 5 Lusitanian 1 Mari ctu i tit 1 N. Rh ineCopof S. Ans. L 20 Pontgibaud Silver,Leati Mining and Smelt 5 Fort Philip 1 Scottish Austrin. (L.) 28•2•8 I United Mexican 1 ,Worthing (Limited) Do. * 2} lf6 190 365 375 90 95 27 28 LA TV INTELLIGENCE--(2hts Day). COURT OF DIVORCE. (Before Sir C. Cresswell and a Common Jury.) CLOUT V. CLOUT AND HOLLIBONE. EXTRAORDINARY VERDICT. This was a suit of the husband, a butcher, in business at Kennington, for a divorce on the ground of his •wife's adultery with the co-respondent, who is a tailor in the same neighbourhood. The respondent pleaded denial and cruelty, and the co-respondent merely denial. Mr. Huddleston, Q.C., and Dr. Spinks were counsel for the petitioner; Mr. Overend, Q.C., and Mr. M. Hill for the co -respondent; and Dr. Wausbey for the respondent. From the opening statement of counsel, it appeared that the parties were married at St. Mark's Church, Kenning ton, in 1849, and cohabited until March, 1860, where the petitioner discovered his wife's infidelity. After marriage they lived for several years at Stockwell, and then removed to Mansion-house, Kenning ton, where the petitioner was at present residing. Shortly after the marriage the respon dent contracted -habits of intemperance, which rendered the petitioner's home very uncomfortable, and he made every endeavour to reclaim her, but without effect. She was in the habit of pawning whatever articles she could get pos session of in order to obtain the means of gratifying her unfortunate propensity. She formed an acquaintance with a woman named Summers in the neighbourhood, who, no minally, was a marine-storedealer, but in reality kept an improper house, and used to give her drink. There she met the co-respondent, who was aware that she was the wife of the petitioner, and immoral intercourse commenced. As soon as Mr. Clout discovered his wife's misconduct he immediately sent her away, and made her a weekly allow ance. She went to Gravesend, where she wrote several letters to the petitioner, in which she used expres sions in confirmation of an admission of her guilt which she was alleged to have made to him previ ously. In these communications she described herself as his " sinning wire," expressed the greatest regret for what had occurred, and implored his forgiveness. She described her mind as being in a most distracted state, and in one of her letters she said—" If one thing pains me more than another it is going to the butcher's." (Laughter.) Some witnesses were called, from whose evidence it ap peared that the respondent stated that she had been at the Surrey Gardens one night, and on leaving went into a house in the neighbourhood with a gentleman, and that she was scarcely ever sober. She was also alleged to have confessed to her servant that she had improper intercourse with the co-respondent. The petitioner's conduct was de scribed as being invariably kind and considerate, but it was elicited in cross-examination that he had quarrels with his wife, and pushed 12 , r, and that her face was blackened and bruised as she stated from the effects of his violence. The jury found the l following verdict, which created con- 1 siderable amusement in the court :—" That the respondent had committed adultery with the co-respondent, but the co-respondent did not commit adultery with her." Sir C. Cresswell, who seemed to participate in the mer riment produeed, then pronounced the decree nisi. COURT OF BANKRUPTCY. (Before Mr. Commissioner Goulourn.) IN RE E. ROWLAND -JUL GMENT. The bankrupt had carried on business as a builder and contractor in Coleman-street, New North-road. This was a second bankruptcy, the bankrupt having failed in 1856, when in partnership with a person named Evans, for £90,000 and upwards, and although the estate did not pay a shilling they obtained first class certificates, and on the present occasion the accounts showed debts to the amount of about £12,000, and Mr. Pennell the official assignee, did not think the estate would realise more than ls. in the pound. At the application for certificate, the only opposi tion was by Mr. Linklater, on behalf of the assignees of Davies and Langton (the Shoreditch Bank), who were creditors to a large amount, and had been creditors to the tune of £3,000 in the previous failure. That was the only opposition, the other creditors appear ing desirous that a high-class certificate should be granted. His Honour could scarcely conc , ive a worse case of reck less trading, and he was somewhat surprised that the cre ditors had come forward to eulogise the conduct of the bankrupt, but the conduct of the Shorediteh Bank had been somewhat extraordinary. After his experience of the bank rupt upon a previous occasion, his Honour expressed his surprise at the bank's bolstering up a tradesman hopelessly insolvent, and enabling him to commit frauds to a large amount upon the community. The certificate would be Fuspended for twelve months from the present date, with protection for three months, then to be cf the third class. POLICE 11VTBLLIGENC.E.—(This Day.) MARLBOROUGH. STREET. ROBBERY AT THE GERMAN CLUB.—Johann Blenz, a tall German, was charged with stealing a quantity of pro perty from the German Club, Dean-street, Soho, the pro perty of the keeper of the club, Mrs. Bibra. Mr. Albert interpreted the evidence. Mrs. Bibra said she had employed the prisoner as porter, and while in her service she missed a quantity of property of every description from boxes. Amongst other articles she missed a quantity of knives and furks bearing the name of the " German Club," and a piece of silk about 16 yards in length. Her loss was more than £3O. Elizabeth Bosholt, a young German woman, employed in Berners-street, said the prisoner had given her several articles, all of which Mrs. Bibra identified as her property, and the witness also stated that she had pledged a piece of silk, about the quantity stated by Mrs. Bibra, to pay herself 10s. she had lent the prisoner. The prisoner pleaded guilty, but wished to be dealt with leniently. The Magistrate told the prisoner that it was an especially bad robbery, being at an hotel, where a number of guests' property was deposited, and committed him to four months' hard labour. THIS DAY'S MARKETS. The supply of produce was trade ruled steady, as follows moderately extensive, and the s. d. s. a: s. d. s. d Pine apples, perlb 8 oto 12 0 Cherries, per lb. 0 Bto 2 0 Colonial do., each 1 6to 2 0 Filberts, per lb 1 oto 2 0 Grapes,per 1b.... 6 otolo 0 Cobnuts, per lb 16to 2 0 Foreign d 0....... 2 oto 3 0 Almonds, per bus 0 oto 0 0 11delons, each .. • . 5 otolo 0 Walnuts, per 100 1 oto 2 0 Peaches, per d0z..1 5 oto3o 0 o Figs, per doz 2oto 4 N pe ec ar ta s, ri p n e e r s d , o per .. dz .. 2 15 0 0 t t o o 6 24 0 0 C St u r rr aw a l n a t e s r , ries pun 1 0 to 5 0 Apples, per doz. 0 6to 1 6 Gooseberries hf sy 4 oto 5 0 Oranges, per 100 6 otolo 0 Plums, per do. Lemons, per 100.. oto 8 0 Greengages, pr do. 0 oto 0 0 Apricots, per do z 2 oto 4 0 Raspberries, pr ptlo oto 0 0 Greens, dz bunch vEGETABLES. 6 oto 8 0 , Shallots, per lb per do 4 oto 5 0 Cabbages, pr doz. 1 6to 3 0 Horseradish, pbn 1 oto 2 0 Savoy do., pr do. 1 6to 1 9 Parsley, per ditto 0 2to 0 4 Cauliflowers, pdz 3 oto 6 0 Celery, per ditto 0 Bto 1 6 Brocoli, per bush. 12to 1 4 Beet, per doz. Potatoes, per ton 60 to 120 0 Parsnips, per do. 0 oto 0 0 New ditto, pr swt. 8 oto 14 0 Small salad, p. pn, 0 2to 0 3 Peas, per sieve 4 oto 8 0 Mushrooms,p pun 1 oto 1 6 Turnips, dz bunch 4 oto 6 0 , Artichokes, pr dz 4 oto 6 0 Carrots, pr d 0.... 5 oto 7 0 ; Cabbage lett,score 1 oto 2 0 Cucumbers .... D 6to 1 6 Endive, per score 1 oto 2 C Garlic, per lb .. • . G 6to 0 8 Radishes, dz hnds 0 Bto 0 10 Sorrel, per sieve o oto 0 0 Tomatoes, doz 6 oto 0 0 Spinach, lit -sv.. • 0 Bto 1 2 Walnuts, per 100 0 oto 0 0 Brun. sprouts, h.s. 1 6to 1 9 Chillies, per ditto 0 oto 0 0 Onions, hf. sv ..... 0 oto 0 0 C aps i cums, per do 0 oto 0 0 New Do., dz bun 0 9to 1 0 Rh u b ar b , per b un 0 2to 0 6 Leeks French beans, 100 0 9to 1 6 Aspa ragus, p r d o. 3 o to 6 0 , per bunch 0 oto 0 0 Seakale, per pun. 1 0 to 1 9 NEWGATE AND LEADENHALL. Turkeys, Os Od to Oa Od ; poults, 5s Od to 6s Od each ; geese, 6s Od to 8s Od goslings, 4s 6d to 7s 6d ; d u ckli ngs , 2s 6d to 4s Od; rabbits, is Od to is 9d each; w ild d o. , 6d to 18 Od ; pigeons, Os dto 10d each ; large Surrey fowls, 9s Od to 18s Od ; chickens, 6s Od to 8s Od; barn-door fowls, 4s Od to 8s Od ; capons, 4s Od ; hares, 2s 6d to 3s Od ; grouse, is Gd to 2s Od each; pheasants, 3s 6d to 4s Gd ; ptarmigan, 2s Od to O s ; woodcocks, 2s 6d to 3s Od; snipes, is 64 to 2s Od; teal, Os Od to is 6d ; wild ducks, 2s 6d to 3s Od ; widgeons, is 6d to Os Od ; French do,, plovers, is Od to is 6d each ; guinea 7s fr O es d h to b O u s tt O s d r, ; I r od oas each . • to 18 3d per ib ; English eggs, 7s 6d to 8s Od , E s n s g O l d ish, to 1 8 s s Od 6s 6d to 7s Od per 120 ; leverets, 2s 6d to Os Od each. roasting l g s Od ; pigs, Ofoswtelns NEWPORT. Beef, from 3s 4d to 4s 10d; mutton, 3s Bcl to 5s Od; lamb, 6s 4d to 6s 4d; veal, 4s Od to 4s 10c1; and pork, 48 Od to 4s 10d per Blbs. WHITECHAPEL. Beef from Ps 4d to 4s 10d ; mutton 3s 8d to 5:: Od ; lamb, 5s 4d to 6s 4 d ; veal , 4 s Od to 4s 10d ; and pork, 4s Od to 4s 10d per Blbs. by the carcase. b s ; s k "c t skate, e ddo „ ctio; BILLINGSGATE. Salmon, is 4d to is 8d ; trout, Os Od to Os ; eels, 6d to 10d ; 3s Od to 4s Od ; brills, 2s 6d sturgeon,mullets Os Os 6d to 2s 6d ; and halibut, 6d pei 2s 6d ; plaice and garnets, 4d to -ls Od each; soles, 6d to is 6d per pair; common oysters, lOs to 12s; natives, 40s to 44s per bushel; whitings. 3s Od to 6s Od ; haddocks, 5s to 12s Od ; smelts, 4s Od ; flounders, is 6d to 2s 6d per dozen; thackerel, 425; fresh IP r b o ra b .6 s w frr sd s ,b , : 6 os d dtg: t 'dr o 3ets 2 ; : °°' O ds3; d tsp ; o°i c kld r 2e a ths, herrings, 12s; bloaters, 6s to 8s per 120; carp and tench, is Od to 3s per brace. BREAD. The prices of wheaten bread in the metropolis are from 80 to 9d, of household do., 61d to 8d per 41h loaf. HIDES AND SKINS. Market hides, 561 b to 641 b, 421 to 3d ; 641 b to 721 b, 3d to 3td ; 721 b to 801 b, 3P to 3P ; 801 b to 881 b, 4d to 41d , 881 b to 961 b, ee sh 41d to 41d ; 961 b to 1041 b, O d to —d . H orse ollp, Os Od to — s Od ; half. hides, 8s to 9s 6d ; ed calf skins, light 2s Od to 3s Od ; do. full, 5s 6d to 8 s 6d ; l am b s , 2 s 3d to 9s6s 0 0 d d t o o O lo s s O 6 d d ; ; 1 9 Downs, 3s 10d; shoaling's, Os 10d to is 2d. HAY MARKETS. SMITHFIELD.—MeadOW hay, £2 OA to £5 Os Od ; clover do., £3 lOs to a 18s; and straw, £1 103 to £2 Os per load. trade doll, CUMBERLAND. - Meadow hay, £2 Os to £5 Os ; clover, £3 lOs to £5 18s Od ; and straw, £1 103 to £2 Os per load. Both hay and straw moved off slowly, at our quotations. WHITECHAPEL. - Meadow hay, £2 Os to £5 Os Od ; olovei, £3 10s to £5 18s Od ; and straw, £1 lOs to £ . l 18s per load. A heavy demand. DEATH FROM DRINKING THREE QUARTERNS OF WHISKY.—Last evening (Friday) one of the Covent garden Market porters, named Patrick Geary, was taken to Bow-street Station in an insensible state, having drunk no less a quantity than three quarterns of Irish whisky. It was thought advisable by the authorities to take the man without delay (on it being made known villat he had,• drank) to King's- College Hospital, but unfortunately he died on the road thither. The whole of the affair, and the parties concerned in it, will be placed before the coroner.-- Era. Ilsiness done IMPERIAL PARLIAMENT. HOUSE OF LORDS.—(YESTERDAY.) ROYAL COMMISSION. The royal assent was given to the following bills by com mission:— The Consolidated Fund (X 10,000,000). Smoke Nuisance (Scotland). Combination of Parishes Dissolution (Scotland). Haslingden Union Gas. Northern Assurance Company. Swansea Gas. Neath Water. Dartmouth and Torbay Railway. Northampton Water. Bargymoor Drainage. Kilkenny Markets: Lancashire and Yorkshire Railway (Branches to Shaw forth). Llantrissant and Taff Vale Junction Railway. Ryde Water. Liverpool Improvement. Newcastle-under-Lyme Marsh Lands. Nantwich and Market Drayton Roads. Uxbridge Gas, West Cornwall Railway. Berwick, Norham, and lslandshire Roads. Huddersfield Gas. Midland Railway (new lines). Newgate and Metropolitan Meat Market. Isle of Wight Water. Leeds, Bradford, and Halifax Junction Railway. Universal Private Telegraph. Whitehaven, Cleator, and Egremont Railway. The Royal Commissioners were the Lord Chancellor, Earl St. Germans, and Lord Sydney. The LORD CHANCELLOR took his seat on the woolsack at five o'clock. PRIVATE BUSINESS. Atkinson's Trust Estate, Manchester and Welmslow Road, Cheshire Midland Railway, Midland Railway (Ex tension), Henley-in-Arden Railway, East India Irrigation and Canal Company, Uxbridge and Rickmansworth Rail way bills were read a second time. The Birmingham Canal Navigation, Stockton and Dar lington Railway (new lines), Sneyds Branch Railway, Thorne Moor Drainage (Amendment), Sowerby Gas, and Tyne Improvements Bills were read a third time and passed. BANKRUPTCY AND INSOLVENCY BILL. The LORD CHANCELLOR presented a petition in favour of this bill. CUSTOMS AND INLAND REVENUE BILL— THE BUDGET. Earl GRANVILLE, in moving the second reading of this bill, said—My lords, I rise to move the second reading of this important bill, the successor of that one which was moved last year under circumstances of a somewhat diffee rent character. At that time an amendment was moved by 'de Ale "lord, *hose — formef "eettneetion with the office of Chancellor of the Exchequer, as wellas his present connec tion with the Treasury, gave great weight to any motion of his on a bill like the present. On that occasion your lord ships' house was crowded and great excitement prevailed, and therefore I felt it to be necessary, even at the risk of seeming tedious to your lordships, to go at length into all the details of the bill, to meet by anticipation every objec tion which I thought it probable might be made, and to make every appeal that I humbly could to your lordships to take that course which I thought most expedient and prudent with respect to so important a bill. And I cannot help believing that the arguments I then used must have had some effect, for we find ourselves this year met to !is cuss the same bill under somewhat different circumstances. Until this morning no notice whatever was given of any motion adverse to the bill. A statement, if I might be allowed to mention it, has been made in another place to the effect that it was not likely any opposition would in this house be offered to the bill, and if I am not mistaken the noble earl the leader of the party opposite stated at a City entertain ment that it was not his intention, should the bill pass the Commons, to offer it any further opposition in this house. For these reasons I do not now, certainly, anticipate the re jection of the bill. A noble duke has, it is true, given notice of rejection, but I can hardly believe him to be serious in so suddenly adopting what your lordships must feel would be a most serious step for this house to take, thus placing your self in opposition to the other House of Parliament, and on grounds which, until I hear them again stated and strength ened, I can hardly believe to be tenable. The notice of the noble duke has already excited great alarm among the mer cantile community, but I cannot believe that alarm to be well founded. I am rather inclined to assume that the noble duke put his notice on the paper merely for the purpose of giving spirit to the debate, or possibly with a view of show ing that his confidence was not quite unlimited in the noble earl who is generally considered to be the leader of the party. The noble duke perhaps wishes to show that he can take his own course with respect to a great question, but I can hardly imagine that he means to press his amendment to a division. With this conviction I shall confine myself to.a simple statement of the objects of the bill, and of the prin cipal reasons which have induced the Government to re commend it to the other house of Parliament, reserving to myself the right of replying at greater length should any arguments be put forth in the debate requiring, in my judg ment, more detailed observation. I beg to say, however, that I do not take this course Is ith any view of deprecating discussion; on the contrary, I think it desirable that the measure should be most fully debated, but I think, in the first instance, the calm I have indicated will be the most convenient tai the house. It 18 not my intention to go over every point of the bill in detail, but will merely recall a few circumstances connected with the budget of last year. The deficiency then was £850,003, and if you added x 550,000 loss, which would have occurred from the repeal of the paper duties, there would have been a total deficiency of £1,700,000. Now. the best way to show the comparative importance of this deficiency will be to mention one fact. It was Mr. Huskisson who stated that the consequences of a bad harvest Were equiValent to a loss of 7 per cent. on a re venue of 50 millions, so that aecord , ng to that calculation we should last year, instead of a deficiency of £1,700,000, with so bad a harvest as we had, have had a deficiency of seven millions. I think the comparison is very satisfactory, for it will not be necessary to go farther than to state that we paid 24 millions for foreign corn t > show how deficient was last year's harvest. I might also, however, quote the opinions of the persons most conversant with agri culture, that seldom has there been seen a greater de• ciency of food, both for man and beast. 1 think it, therefore, a satisfactory proof of the. beneficial effects of our commercial legislation during later years that a sufficient supply of food should hate been ensured under such very unfavourable circumstances. I sin also satisfied that the actual amount of deficiency shows that if we had not a good but even an average harvest, the Chan cellor of the Exchequer would not have over-estimated but considerably under-estimated his resources. With regard to the pre , ent bill, the calculations of the Chancellor of the Exchequer were made after the mode adopted by all previ ous Chancellors of the Exchequer, and which I suppose will be continued by all his successors—namely, that of making careful comparisons of the opinions of heads of de partments, and of all persons conversant with the facts ; and it appears to me the most sensible way of approaching the question. The calculations of the Chancellor of the Exche quer gave in round numbers a surplus of about two millions, and I apprehend that the amount of that surplus is not now to be called in question. As a general rule, so long as a Minister is permitted to retain his office his calculations are accepted as correct; and in addition, I have to mention that a right hon. gentleman who lately held the office frankly admitted the Government calculations to be correct, and has proposed to reduce the surplus by an amount much greater than the reduction submitted by the Government. Having, then, this surplus to dispose of, the Government have de termined to distribute it in the following manner. In the first place, it is proposed to reduce the income tax from 10d. to 9d. in the pound. I am happy to propose that reduction, and I am sure my satisfactio will be shared by your lord lords-(hear)—my only regret being that a still further re duction cannot be conveniently made. (Hear.) It would have been no doubt agreeable to many, both in and out of Parliament, if we could have proposed a reduction in the duty on tea, an article in which the community is so gene rally interested. Some attempts have been made to show ' that the duties on tea and sugar press more heavily on the poorer than on the richer classes ; but my answer to this is that four years ago, Sir G. Lewis, who was then Chan cellor of the Exchequer, made a statement to the effect that 60 per cent. of the tea and sugar duties were paid by the richer classes, leaving only 40 per cent. to fall on the poor, and that statement was adopted by the leader of the Opposition. I am inclined, therefore, to rely on that state ment. The reasons why we do not propose any reduction in the tea and sugar duties I shall now briefly explain. In the first place, your lordships are aware that a very small re duction of duty does not produce a proportionate reduction in price, and very small would be the amount which we could have spared under any circumstances, besides which the cost of collection would remain the same. We did not think, therefore, there was any urgency for such a reduction of the tea duty as we could have tide ; and with respect to that on sugar, I do not believe that any proposal came from any quarter for its removal. There is another small item in this bill which it will not be necessary to dilate on. The only object in re-arranging the duty is to protect the revenue, and prevent the adulteration which has become so general in an article of almost universal consumption. I now come to the question of the abolition of the excise duty on raper. Last year I detained your lordships for nearly an hour in describing the disadvantages of that tax, and I cannot help thinking the statement must have had some effect, for no answer tending to show that the tax was not injurious to the manufacturer, that it did not prevent competition, or to deny that it was a tax which entered into the price of every article that was wrapped in paper, has been attempted s i n ce. I showed also how injurious was its operation with regard to the diffusion of cheap literature among the people. I showed conclusively that it increased a hundredfold the price of educational and useful books, whilst it did not in the slightest degree stop the circulation of those deleterious works which are only too widely circulated among the people. I do not intend to go over all that ground again. The arguments for and against re peal have been long before the public. Nearly 30 years ago, a commission presided over by one of the ablest of our financiers condemned the tax. Since then an abstract resolution recommending its abolition passed the House of Commons, which resolution was supported by many of our leading public men, including Lord Stanley and • Sir E. B. Lytton, who, in spite of all the considerations of party, has so nobly supported his previously expressed con victions. On that occasion nothing was expressed but con demnation of the tax—expressed, too, in the strongest and most decisive language. The bill came to this house and was rejected—upon what grounds I will shortly state to your lordships. It was said that subsequently to the introduc tion of the budget there had happened events which made the calculations of the Chancellor of the Exchequer improt vident, sod that there was in fact no surplus reYenuter.,7 deal with, consequently that it would not be wise to g of money which ought to be kept in the exchequ e - r, e and therefore the House of Commons should have another ort portunity of making the financial arrangement f he Those were some of the arguments used last ryhaowever, the were not used by the Government. This year , r, but y th ea e r y . G o vernment has a sufficient surplus to enraobwleilul s b t o o pnroo risk the abolition of the paper duties, and in doing so. Your lordships might have objected to the repea l of this tax—not upon its merits, but upon . different grou nds. This question was now t he only bone of conten tipn, between the, two Houses of Parliament. and therefore I 'think it will be wise, instead of dealing with any other tax, that we should take the- ear li e st opportunity - of dealing-with it. .(Hear, hear.) There is only one other point to which I will now refer. I have hitherto considered the substance of the bill, I will now speak of the form, and I think there is not a noble lord present who will suggest that the form is not perfectly constitutional. In 1787 Mr. Pitt introduced a measure which repealed and imposed taxes based upon 3,500 resolutions, and the bill included a schedule of 61 pages. The bill was obje • ed to in this house and a great debate arose, but in the en it was agreed to. Again, in 1808, Mr. Pitt pur sued the same course, and with the same result. Ameasure of the same kind was passed in every year from 1809 to 1822 ; therefore as to the course now followed being . a constitutional of dealing T with Nihthis being h the subject tee a o s f e finance will nowtherer can mode doubt e whatever. remind your lordships of what passed l as t year. ' Your lordships rejected the bill, whether wisely or not I will not now attempt to argue, and the reasons for doing so were of a very unusual character. No doubt there was some excitement created in the other house, but upon the whole, the conduct of the other house last year was singularly moderate, and nobody can deny that that was in consequence of the proposal of the Government to refer the matter to a select committee, That committee was appointed ; and Mr. Walpole, who was Home Secretary in the Government of the noble earl oppo site, was selected for chairman. The report of the com mittee showed that the House of Commons has the power of instituting a tax for any period of time, and that they have the power to combine in one bill several taxes or mat ters relating to finance. This bill, therefore, is Warned strictly in accordance with the recommendations of ;hat select committee, which recommendations were em bodied in certain resolutions, and were proposed by the Prime Minister in the other house, and unanimously agreed to. (Hear, hear.) Th e Government thought the only re spectful course for the House of Commons to take would be to act in pursuance with the recommendations of that com mittee. The bill is not framed or brought forward with the idea that it would be disrespectful to the House of Lords, or with a view of showing insult to this house. At the same time it was thought respectful to the House of Commons that their position to repeal or maintain taxes should be clearly defined. I believe your lordships will see that it is more respectful to present the measure in this form than to have brought up a bill for the repeal of the paper duties singly, when the house had rejected the repeal of that tax last year. Whether this house has a right in particular cases and in times of great emergency to deal with the finances proposed by the other house is a question of great importance; but at any rate, even admitting that, it will be more convenient that at e should have before us the com plete and whole financial arrangements at one time, than that we should have in various bills the great financial scheme of the year. Whatever may be the result of this debate it will leave the position of both houses the same as last year, and this house will have the right to reject a money bill, but not to alter it. (H ear , h ear .) Thi s h ouse is in a position to reject a money bill in times of great emer gency, and in that case to leave theoountry to say whether the taxes should be imposed or repealed. I hope the noble duke will withdraw his amendment—at any rate that, if he persists in moving it, it will not receive the sanction of your lordships. By passing this measure their lordships will attain three great objects : we shall be able to complete that commercial legislation which has been so universally useful in developing the industry . and unshackling the en terprise of this country, thereby increasing to an incredible degree the sources of both indirect and direct taxation which have afforded very large sums for meeting an increased public expenditure. (Hear, hear.) In the second, we shall take away the only question which remains between the two houses, and which was likely to engender a bad feeling between them. (Hear, hear.) And, thirdly, by passing this bill we shall obtain a reduction of the income tax and the repeal of the paper duties. (Hear.) But in doing that it will not show an intention on the part of the Legislature to increase the direct taxes for the means of carrying on the expenditure of the country. For these reasons I beg leave to move the second reading of the bill. (Cheers.) [The noble earl was throughout his speech very indistinctly heard in the gallery.] The Duke of RUTLAND, on rising to move the amend ment of which he had given notice, viz , that this bill be read a second time this day six months, said he must throw himself upon the indulgence of their lordships—an indul gence which was never refused. He had put this amend ment on the notice paper because he found no other motion for negativing this bill—one which he believed if passed would inflict very great injury upon the country. He thought a longer notice ought to have been given by the Government before proposing the second reading of a bill of such vast importance, politically and financially, and constitutionally. His objections to this bill were three fold. In the first place, he ventured to doubt whether there would be a real and substantial surplus. (Hear, hear.) Secondly, if there were a surplus, he believed a majority of the other house and of their lordships and the country were of opinion that there were other taxes which if repealed would confer a greater benefit on the peo ple than taking the taxes off paper—(hear)—and thirdly, the bill was in a shape which would paralyze their lord ships' action, and prevent their giving an attentive consi deration to a bill of this nature. His objections were greatly strengthened by the very doubtful and hesitating manner in which the noble earl had referred to a surplus revenue. Since the budget had been introduced they had already di minished the surplus by £175,000; £150,000 in respect of the Stade Dues, and £25,000 for increased interest on Ex chequer Bonds. Last year the calculations of the Chan cellor of the Exchequer were not sound, and some such catastrophe as occurred last year might happen again. He hoped the harvest would be better this year, but who could say that it would be more abundant than in 1860 ? (Hear.) Supposing there was a surplus, would any man of fair and impartial spirit not admit that the labouring classes would not be more benefited by taking off the extra tea duty than by repealing the paper duty ? He felt persuaded the Chan cellor of the Exchequer agreed with him on that point, be cause last year when he introduced his budget he expressed the difficulty of his position in reference to it. (Hear.) But 'with that boldness for which he was so remarkable, and that ingenuity which no man could surpass, the right hon. gentleman found out that the labouring- classes would be benefited by a repeal of the paper duties, because all their tea and sugar was wrapped in paper. (Hear.) The Chan cellor of the Exchequer now came forward and recom mended this repeal on other grounds; and he had disco vered that in the reduction of a duty the consumer did not get all the benefit to which he was entitled, and ho said there would be a great extension of commerce by the repeal of the paper duties, but all must feel that there would be a greater increase to commerce by a reduction of the tea and super duties. (Year.) If the price of tea were lowered it would be brought more within the reach of the labouring classes, and therefore that duty ought to be first diminished. But he would ask at what time were they asked to take off those duties ? Was the political horizon unclouded ? Were they quite certain that there would not be war? Let them look abroad and across the Atlantic, and what would they see? A nation plunged in civil war, and cannon already sounded and reverberated upon these shores. They knew not whether this country would not be drawn into this quer. rel, and they know not what demands would be made upon this country. This was not a time then to give up without the slightest necessity 11 million of revenue. If they looked at Italy—lately emerged from revolution—what did they behold ? Monarchies destroyed and a country almost with out any settled form of Government. There was a generous and an exciteable people given up alternately as a prey to a victorious army—to disbanded soldiers and desperate bri gands. (Hear.) And it was only yesterday that their lord ships heard with the deepest regret—however much they might have differed from his views—that the great man who bad kept together the elements of that divided and unhappy country heel passed away. (Hear, hear.) How could they now tell what the future of that country would be ? if they looked nearer home, to the country which, as Mr. Cobden had happily expressed it, was united to us by a few miles of sett, what did they find ? Why, on the one hand they were signing a treaty of commerce, and on the other both France and England were grasping the hilts of their swords. Mr. Cobden had lately returned from Paris, and his woids were looked at with the greatest possible interest ; and it was only yesterday that gentleman said he looked with the greatest alarm at the naval preparations going on in France and .Eng land ; and at the conclusion of hiss p eech in the City said, it would be better to prom e for peace than to preparefor war. He did not think there was one of their lordships who would say, when France was the initiator of great o keep arma ments, that it was possible for this country not to pace with her. (Hear, hear.) Whi le u pon this part of the a llowed to express his admira tion at the patriotic and subject perhaps spirited reply recently given by the noble lord at the head of the Government, in the other the navy hous e , in the debate on words wculd thrill through breast the country. every aat country. e same now to the constitutional part of the question and to the position in which their lordships were placed by the manner in which this bill had been sent up to this house in one bill, by, he would not say the House of Commons, or by her Majesty's Cfovernment, but he would say by that overruling and powerful mind which seemed to guide both the one and the other. The noble earl said they were placed in a very different position this year to what they were last year. Then the bill was sent up to repeal the duty which their lordships decided, not in consequence of its merits, but in consequence of there then being no surplus to reject. They now had, he said, a surplus, and he hoped they would not divide. He wanted to know why the bill was not sent up as a separate measure, so that their lord ships might pass a deliberate judgment on it. It must have been the thought that their lordships would throw out the bill that ineuced them to take an underhand step, tacking it on to another bill and sending it to their lordships in such a state that they were almost powerless to resist it, and that they were unable to alter it, or it would be only optional to adopt the course he (the Duke of Rutland) had proposed, and reject it entirely. Among the precedents as to tacking bills Lord Macaulay had been quoted, and it was observed that he was in favour of tacking bills. The noble lord had quoted a passage from Macaulay's " History" to the effect that he was of opinion that the greatest evils occurred to a country where a system of tacking bills existed. The noble duke proceeded to say, he would call their lordships' atten tion for one moment to the position which the noble earl asked them to occupy, and not to divide upon it. But what was the use of a debate which was to have no practical end, if the thing was already settled before the House of Com mons had sent up a bill which you cannot alter or amend. He asked what was the use of his occupying their time in addressing them. They were placed in more difficultyhb ey the course which had been pursued than any not ye body of men ; for they were told that they were ventured to com petent to have an opinion, and if any of them n d at the express their views as the noble earl below him . m %vs ., till Mansion-house, they were told that they should en opinion in the bill was before them before offering even t ion to the reference to it. He would briefly c'l le of Franco in re views that were entertained by theTpenop h noble duke here gard to retrospective debates. correspondent of the quoted a letter of the Paris n to say, such was the Times on the subject, and went on o these retrospective de opinion of the people of Franrreown ountry. He had now bates which took place in_ their c inefficiently—laid his rea briefly—though he feared sons before them tor the course he had taken, to show th em that this was not a that ought to become an act o f had only taken the part he had taken:be cause he could not find Parliament. Ho a ny other noble lord w as go i ng to mov e an amendm ent, bill as he thought this lordships and was so adv erse t o the in interests of theirof the cou n t ry at ven tured at all events to ent large that h e er his protest a gainst • its passing. He now moved that this bill b e rea d as econd time this day six months, The Earl of DERBY—No one who had the pleasure and the honour of a personal acquaintance with my noble friend can, for a single moment, doubt that the step he takes is dictated by the most conscientious • motives, and with the best intentions ; and no one can fail to see from the manner in which he has moved this amendment, with so much moderation and ability, that we must regret he does not more frequently take an active part in our proceedings and join in our debates. But, my lords, I must preface the few observations I am about to offer by saying, in the first instance, that notwithstanding the high respect which I entertain, and which I believe your lordships all entertain, of the opinions and character of my noble friend, notwith standing the able manner in which he has brought this matter before us, he has not induced me to come to the practical conclusion at which he has arrived. At the same time I must concur in a great portion of the noble duke's objections to the bill now before your lordships. We are not allowed, as my noble friend says, to have any deliberate opinion or consideration; but I also concur with the noble duke in thinking that the bill is objectionable in point of form as well as in point of substance, because if that surplus does exist whichthe Chancellor of the Exchequer anticipates with so much confidence, but of which serious doubts are entertained by a very large proportion of the House of Com mons, and in which doubts I confess I share—l say, if that surplus does exist, in my judgment, and I believe in the judgment of many others, in the deliberate judgment' ef the House of Commons, and I am not sure I am incorrect in saying the deliberate judgment of h'er Ma jesty's :Government, there are other taxes which have a greater claim at the hands of parliament for repeal than the paper duty can be said to have. (Hear, hear.) There are other taxes which operate more injuriously and with greater hardship on the industry and comforts of the great masses of the community. There are taxes- , which. have been imposed for special and temporary purposes, and which have consequently a far preferable claim over the paper duty to be taken off, or at all events reduced, so, soon as the temporary exigencies for which they were im posed have ceased to exist. (Hear, hear.) I think the bill objectionable in point of form, on the ground stated by my noble friend, because it is sent to your lordship and sent deliberately with the view of precluding your lord ships from exercising upon it that deliberate judgment which I think it is for the benefit and advantage of the con stitution, as it is for the honour of your lordship's house, that you should be able to exercise on all matters sub mitted to you. (Hear, hear.) The noble earl who introduced the bill has stated that last year we were in a very different position to that which we are in. now ; that last year it might be a question of doubt whether we had or had not a surplus; but on the present occasion that fact is universally admitted. I will not here atop, my lords, to take exception to the expression as to the fact of the surplus being universally admitted. The fact is that it is agreed in the House of Commons that in matters of this kind the Chancellor of the Exchequer is the best authority on the subject, and that on his . statement we must be prepared to rely in our legislative capacity, whatever our personal and private opinions may be 'as to the soundness of the reasoning on the subject. The conclusions at which he has arrived my lords, I accept. The noble earl took great pains to show that if it had not been for a very bad harvest the anticipations of the Chancellor of the Exchequer with re gard to the revenue of last year would have been fully and entirely borne out—though the noble earl did not take into account the £BOO,OOO additional and unexpected Customs. revenue which the Chancellor of the Exchequer received. (Hear, hear.) Now, my lords, in the first place, the time when your lordships were discussing this measure was in the month . of July, at a time when it was clear to every human being that we could not ex poet anything but a very bad harvest. (Hear, hear.) Though in ordinary cases it would be perfectly fair for the Chancellor of the Exchequer to reckon not upon the circumstances of an unparalleled prosperity, but upon an average harvest and an average revenue, yet I find that at the period when the Chancellor of the Exchequer brought forward his first budget, which I presume is the one to which we are now directed—(a laugh)—about the period when we were discussing this measure, and before the Chancellor of the Exchequer brought forward his second. or supplemental budget, it was perfectly clear that we must expect nothing but a bad harvest. (Hear.) Perhaps the noble earl will permit me to remind him also that at the period when the budget was under consideration her Ma jesty's Government were under a doubt, which I believe was shared in by no other human being in the kingdom, as to whether we were likely to be at war with China, and the provision taken in the budget for the China war was last year the modest amount of £509,000. Now, at a subse quent period the Chancellor of the Exchequer found out that that took place which all the world had foreseen, but to which he had wilfully shut his eyes, and consequently it was necessary that he should come down and ask for an additional and supplementary vote of £3,800,000. That,. however, had not taken place when we discussed the ques tion ; but I hope your lordships will do me the honour to recollect that I thought it my duty to fatigue your lordships by a very lengthened analysis of the estimated expenditure (.f the country. I then assumed for the purpose of argu ment that all the calculations of the Chancellor of the, Exchequer were perfectly correct—that he was not wrong. in any of his figures—that no unexpected circumstances would arise to derange his calculations ; and on the faith of that I took the liberty of showing to your lordships, and as I think proved to your lordships, that if circumstances re mained precisely the same the provisions of the budget itself of last year were so contrived as to ensure, not for the yeas". 1860.61 but for the year 1861-62, a deficiency to the , amount of £2,800,000. (esear, hear.) And I rested my support of the motion brought forward by my noble friend not upon any supposed error in the calculations of the Chancellor of the Exchequer, but upon the fact that the statement of the Chancellor of the Exchequer hims.:lf, as suming the correctness of all his figures, involved us in a certain deficiency of £2,800,000 at the least for the year 1861-62. Well, my lords, under these circumstances your lordships were induced to act, and I think very advanta geously for the country—(hear, hear)—and I believe the country generally now consider that your lordships acted very wisely—(hear)—to exercise an indisputable right— (hear, hear)—and refused to accept an improvident sacri fice of permanent revenue. My lords, Ido not quite know about her Majesty's Government; but lam afraid they Chancellor of the Exchequer bas not shown himself suffi ciently grateful to us—(hear, and a laugh)—because we cer tainly contributed very largely to diminish that enormous deficiency which there would have been upon the revenue, not of 1860-61 but of 1861-62, by the present sit made to him of a million and a quarter by saving the paper duties.. The right hon. gentleman certainly made no difficulty about; accepting 'air gratuity,for he took advantage of the amount, and at the same time protested that never were people so ill-used as her Majesty's Government, or grossly affronted as the House of Commons. Then, my lords, with a meek ness which is worthy of all praise, the right hon.gentleman pi oceeded to frame a new budget to meet those altered cir cumstances, and in that new budget he took credit for the £1,300,000 which was secured to him by the intervention of the House of Lords. (Hear, hear?) How was the re mainder made up ? The remainder of the deficiency was made up, so far as I can make out in figures, by a coarse of proceeding which is of an exceptional character, but justi fied by the circumstances of the time, by withdrawing a sum of no less than 51,500,000 from the balances in the Ex chequer, that is, in point of fact practically increasing to that amount the liabilities of the country, or, more properly speaking, diminishing its assets to meet those liabilities. That was the mode—in addition to the relief he got by the retention of the paper duties—in which the Chancellor of the Exchequer contrived to make both ends meet for the ser vice of last year. (Hear, hear.) What I stated on the • former occasion was,that the revenue of last year was made out of odds and ends, waifs and strays, pickings here, antici pations from another quarter, and throwing into the service of one year that which belonged to another year, that which might, be relied upon for the circumstances of that year, a l b e m a a t v o w u e n h t t i li c o e l j e o f v t w e t n h e n e e ri e cir x o c f 2:o m oo s the t, y w e e a r r e n n o a t d e h e fi a c n i g e y , w t n o u t h l d e f we come to discuss the budget of this year, every one is a O nn oO ecxe a st ed £3,000,000. But when thinking how the Chancellor of the Exchequer will pre pare to make up his deficiency. The right hon. gentleman came down with the same courage and dexterity which ho exhibited in dealing with the budget of last year and deal ing with the budget of this year. Last year he astounded the House of Commons by announcing that they had to provide for a deficiency of £9,400,000, and nevertheless the right hon. gentleman proposed to take off taxes that would have increased that deficiency to £12,400.000. He pro vided for that deficiency by the anticipation of revenue from a variety of sources, partly on the faith of £250,000 he received from Spain, and partly from other sources, but principally by the increase of the income tax by a ld., or rather by an increased tax of 10d. in the pound, and this :e n t very t he first d:ffi lases income tax the right hon. gentleman contrived not only to get for four quarters in the year. but he arranged so that five quarters should be paid in one year. (Hear, hear.) That of course was an operation that could not be defended; and then hon. gentlemen, noble lords, and the public gene rally are looking about saying, " What is the Chancellor of the Exchequer to do with a deficiency of £5,900,000, and many resources wanting to him which he had last year ?" Thisyear the right hon. gentleman says that there is no de ficiency at all, but a surplus of £1,900,000. lie managed the thing as simply as Columbus managed the egg. The deficiency last year was £ 9,400,000, assuming that the ain come tax would fall to the ground, and that tea and sugar duties bweasrtehdeucreigdhttohotnh.egirenotrledminaanry, adnedmonnosTraa! (hear, hear)—and not only to contihnitlet, righte hon. ear of last year ; but this year he proceedsoupsn a different year only.. - man imposed last year, and insp s d t C r ea s o f assumption—thattbe penny a i l n l e t o h m e e s e t a x duties wh ie are ~ot b ub o te n o w ec t ta h t i t n h u e e d i u t t h o e t y h e a e full h wed a deficiency of and £11,000,000, and thereby 0 c in ul ta t: c cOm t e h t a o t £9,400,000 in the one year, body is t(aHnseasr,hhasvaenexplirfedyowuhiacshsutpmr2dueed between £10,000,000 will nd othPen the House of Commons lifts up come. .(Hear.) A in admiration and says, " What a. its hands and its ey o es axidaetfic.bieetnwcyeenlasatn estimate of t h Chancellor of the Exchequer man wonderful be cajoled aa wonderfuland t a h m e o c u o a nc , l t u h si o o y ii that if yourociviondteinliethrpolsue (Laughter.) juggled by this the Honse of Cons year and a transpare year. I must permitted to say in passing surplus this a very easy explanation of an • that Chi angives . extraordinary that I Y appears of creating t be oe • and of my noble friend the Controller of the Exche quer, fl uor, in which I anticipated a deficiency of between 13 , n t coonslike likewise £'2,000,00 0 and £ 3,000,000, andmV noble friend a deficiency of £10,000,000 or £ 11,000,000. But axe solution is this— that my noble friend assumed that those oisnoxious taxes of the additional Id. tax, and the tea and sugar duties, would be removed, and I contin ue d. assumed that they would be Our statements, therefore, precisely tally. We made the same estimate, and they would b e perfectly correct if it had not occurred in the meantime that the China war had come to an end. Consequently it was M the power of the Govern ment and of the Chancellor of the Exchequer to make a re- - duction in the exp l enditure and so give a small apparent surplus. A.B I said before shall assume that the calcula tions of the Chancellor of the Exchequer are all correct, and I shall not dispute whether the £750,500 which he calcu lates on receiving from China is likely to come into the Ea ch( quer or not, or whether he has not made an extraordi nary miscalculation with regard to the military and naval expenditure of the country. I shall take the fact as it stands. Then the question arises how that surplus of two million is to be disposed of to the best advantage of the country. 1 will assume the version of those who say the Chancellor of the Exchequer has dealt most fairly and im partially in dividing the relief between direct and indirect taxation ; for if, on the one hand, he has taken off the paper duty, he has, on the other hand, taken otf an equivalent amount from the income tax. That is true ; but the relief given, with regard to direct taxation, consists in taking off the individual penny he put on the year before, and the relief of indirect taxation cons sty in depriving the country of a permanent source a revenue.cue lam (Hear, hear.) I. am glad that that gratifies the no ble not opposite—(laughter)—(the Duke of Argyll). I always going to discuss the merits of the paper duties. one which, admitted that it was an objectional tax, and with an overflowing exchequer, it migh t be desirable to re lieve the country from the pressure of; but I do not think the repeal of the paper duty will produ ce those marvellou s effects B effects attributed to it by the noble ear l, or t hat will give that marvellous relief to commerce or to the community 310 320 3 34 1 130 140 341 364 14 2 41 bi # 186 101 53 56 365 375 90 95 105 115 1i 24 9 10 11 13 14 l6 NES. 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