The Sun. — London, England, 1856-02-23 00:00:00

MONEY MARKET AND COM MERCIAL INTELLIGENCE. CITY, Two o'CLocl. The Liverpool Cotton Market yesterday closed quietly, but without any change in prices. The 841 es were about 7,000 bales, ibcluding 1,500 for "Pert and on speculation. The Bank of England Return, completed to the lfith inst., exhibits very little variation of import !nue, the principal features being the augmentation inthe public D e posits and Government Securities. the reserve of notes was slightly increased, and the Stock of bullion was again reduced. Active Circulation Decrease bullion Decrease 81,225 11 08 t. 3,505,653 Increase 13,133 Publi c Deposits 4,164,823 Increase Other Deposits Decrease 85,131 Seven-Day and other Bills Decrease 27,770 Government Securities 11,931,006 _..... ._ ... Increase Other Securities Decrease Notes unemployed 508,645 17,743,632 124,797 5,643,565 Increase 39,065 The rates at which three months' bills on the P r incipal cities of the continent were negotiated Yesterday afternoon were at a slight advance. Accounts from Belgium state that a Royal de cree recently dated grants to Mr. Thos. Green, of l'ecdon, a concession with power to construct railroad through the province of West Flan (!e?' towards the French frontier, to be deno minated the "International Railway of Flan ders," This new line will proceed from Lichter °Ode the central station of the West Flanders ' line, to a terminus at Fumes, passing the fellow kts towns on the way :—Cortemarck, Handzaeme, ;ercken, Eessen, and Dixmunde. It will be in di rect communication with the French seaport of t'llakirk, by a canal between that town and ;Ilrines ; and towards the centre of B el g ium b y Welt, Deynze, and Ghent. t he Continental Bourses continu e to maintain ue rise in q uotations with firmness, and the mon e y m arketsare gen erally easier. At Vienna specie deposits in t , the National Bank are incre asin g , and it , " exchange on London is down to 10-13 . In the 7nrse the Metallic 5 per Cents , are firm at 83 2 , " 4 4 the N ew L oan has risen 106. The New Bank 0, Oredit is 297, with an upward tendency. Not thitbstaud:ng the fluctuation on the Paris Bourse, a " - Rentes rule firmly at 73 for the 3 per Cents., 9G for the 41- Stock. Spectilators have been h„ ea lisicg large profits on railway stocks, and some adva cid as much as 50f. within the week. - '-nc English Funds have been buoyant to-day, a advance of about i per cent. having taken place. li ne market is gradually recovering from the de- Psion occasioned by the first intimation of the e Lean, although the quotations are still 1 per l e t i lt• lower than they were on the 14 th in -0". Some support is no doubt given the advancing tendency in the Rentes at : r i; where the speculators seem confident of an a a bout conclusion of hostilities. Consols opened at 91 to 91/, and have risen to 9 1 while for th 1 , 1!) 1 2th proximo they have advanced to 91 , a 2. a "7 New Loan Scrip is better, viz., 14 premium, 3 1 i' , 41 80 the Exchequer Bill Scrip, which is quoted 1.4- premium. The New 3 per Cents have 2i r t. ,4 92 and the Reduced 91i 2. Bank Stock is andul and the Unfunded Debt, 35., I s. discount, par. ,2, i ereign Securities are also at higher prices. Tur sh 6 per Cents. have risen, to 1, viz., to 94-i 4;`, 9 5, but nothing has been done in the Guaran 4. Spanish Deferred are quiet at 23 1, Sardi do" at 891, and Peruvian 3 per Cents. 551, Equa 2or New Consolidated 13 1, Grenada New A ctive ' and ditto Deferred 62, Belgian 41 per Cents. "%e951, and Dutch 21 per Cents. Gq. t The following are the nominal prices of Foreign 20°1 i 48 : —Grenada Deferred Bonds, 6271; Mexican, pt ; Peruvian, 79 81 ; ditto 3 per Cents., 55 57 ; e r tuguese 4 per Cents., 47 49 ; Russian 5 per 3 e' l it's, 104 6 ; ditto per Cents., 92 94 ; Spanish Cer tificates Cents., 421 ; ditto Deferred, 23 1 24 ; ditto Ztificates 4/ 5 ; ditto Passive, 61 2. and Railway Share Market is exceedingly firm, Vu• fuller prices have been current. Great ilerthe rn are 3/ . t o 41. hi g h e r ; ditto A stock to t b • , 10 a., and North-Western 11. The dispute be- Yen these two companies is stated to have ter minated. Th e o ther lines arc steady. In the r eign lines the dealings have been at previous prices, I Wining;Banking, and Miscellaneous Shares are steady. a RITISH FUNDS THIS DAY AT ONE O'CLOCK. ( From the Official List. ) 41k Stock 11 215 1 L k ' . UU_ .nt. Redxced Annuities..... l , Cent Console Annxitiei 9 la 1 $ i v g , rw 3 per Cont. Annuities ... ........... ... 921 2 ^ l . , ' , 'r Account 91$ .1 i Ditto 5 "i. • 1 , t -rip ' Ichequo- Bills, - z.td. .4:100f1 Y 560 par q„,„ 01 • Ditto Scrip Pit fr , - -`-'E OF FOREIGN FUNDS AT ONE O'CLCK B. Ntdor Bonds or Ditto New Consolidated l3i Grenada New Active, l. per Cent. 1 , Ditto Deferred 6l e fplan floods, 44 per Coat. k Itto 3per Cent. airdinian Bonqs, 5 per Cont. I'l i T i et Rowds, 3 per Cent 1,4 i tto New Deferred, 3 per Cent. T 4, 1411 Bonds, 6 pm cent 94 v D itto Account °ll eznela Bonds 4.f p , er Cent 'Atte Deferred, 11 per Cent. . . k nlvilonds on the above n avAhle In London. '‘gian , 2. per Cent., cx. 25 francs.. — Di b tto li per Cent.. ox. 25 f ranc s 9SA li kil Exchange, 2A per Cent., 12 Gni' ... 64i TWO o'CLOCK. , T 1 , money Ditto Account 9l] LLOYD'S SHIPPING.—(This Day.) --- tiONDON, Feb. 23.—Wind this thxy at noon, N.W. ; , gilt breeze and fi no. l 'Onmsluouni, Feb. V.—Wind N. to N.W.—Arrived— enT'Y. from Callao, and sailed for Hamburg. r LyMoUTEI, Feb. 21.—Wind t13 :1 Surinam, for Amsterdam. A''EasEr, Feb. 20—Sailed—Cere, for Honduras. The 4 1 "lil, for Liverpool, which ran on Hermitage Rocks, ; lid the Ibis, which sunk in the roads, have been brought ` 1 : 1 t0 the harbour. L 4 rril, Feb. 22.—Sailed—Flora Kerr, for Jamaica. ELEOTEIO TELEGRAPH.) SOUTHAMPTON, Saturday Mm sing. B Arrived.—Despatch, (s.), from Jersey; Elizabeth, t r others and Edward, Sunderland; Express, (s.), from A tal Sailed. Wonder, and Soutli-Western (s.), for Jersey ; a n t,, (is.), Havre. LivEßrooL, Saturday Morning. - Wind N.W. rrived—lthie U l, from ; Maria Helena; Lis (111 lercodita, ruguay ; Edgecombe, Santander. S ailed.—Bertha Kohn, for Santos ; Daring, St. Michael's. QUEENSTOWN, Feb. 21. Wind N.E. Arrived.—Southampton, from Alexandria. "ailed.—Curraghmore, for Constantinople. BY SUBMARINE AND BRITISH TELEGRAPH.) GRAVESEND, Saturday, 9.55 a. m . ' Wind W.N.W. ; tide, low water ; fine. A rrivcd—Clara Catinks., from Nestred. Sailed, Feb. 22—Tanfield, for Leghorn. ailed, Feb. 23—Sir E. Paget, for New Zealand; Falcon , °xi Philip ; Albuera, Adelaide. DEAL, Saturday, 9.45 a.m. mind N.W. light. ii - - !Lssed Feb. 22—Edwardo, for Malta; Osprey, Corfu )); I 'tnan Finlay, Newp rt ; Symmetry , Marseilles ; Dame 17, Trieste —all from London. a "ad, Fob. 23—Corzo, from London, for Santander V_ Maesty's steam-shi Dee, westward, River ; Ni: '''Pera j ndum, London, St. Helena. The burning of the Pavilion Theatre has thrown a been'opened on their behalf. Mr. E. T. S rd mith, the f Drnry-lane Theatre, promises to forwato the ; `'irirriittee 201. worth of admission tickets to the theatre or three particular evenings—by which benevolent means tout 60k will be placed at thri disposal of the committee. M r • Anderson, of Covent-Garden, has forwarded a j e que for 201. to meet present emergencies ; and the ii k ' Se es of the Victoria, Standard, and City of London t heir h ave announced their intention of giving up 511 respective houses for one night for a free benefit j„ aid of the relief fund ; and the proprietors of the Grecian and Britannia, Saloons have intimated their de- Sire to co-op er ate in the same liberal manner. L : " ,r, EIR LIVERPOOL POST-OFFICE ESTABLISHMENT. —The 'verpool post-office establishment is as follows :—Post master, salary, 1,0001. ; 1 chief clerk, salary beginning to 4 .Y 9 f r ool rising to 500/. ; 2 principal clerks, salaries M 200/., rising to 3001. ; 1 controller of sorting-office, `f"? l ., rising to 400/. ; 1 assistant ditto 200/. to 250/. d ; : n sPeetor of letter-carriers, 125/. to AO/. ; 2 assistant 2 ', t °, 801. to 1201. ; 8 first class clerks, from 1501. to taovito;o. ; 16 second class ditto, 1001 to 1401 . ; 17 supple lbeaentary ditto, 601. to 1001. ; 20 first class sorters, letter ' ' l er , ' & e. from from 31s. a-week to 255. ;23 second class from ' 265. to 30s. ; 46 third class ditto, from 225. t ' 5B . ; 78 fourth class ditto, from 18'. to 21s. ; . 10 ireporary sorters, at 13s. a-week ; 1 extra letter-cur, er, ed ' alveek.—Oivi/ Service Ocuette. WEEN ietors of London P., in the par that the ad been Ice had n. He )reposal submit to Mr. ward to ), how mat had plication of the ad been )cument for 14 increas- for the r. Glad tion had eference He had remark lad esti- satisfac quarter Circum 'bat was 31actery, be con.w -d po rw than ed to be )at with an that. er cent. was sato is next erred to balance 'ent. per calf--year, , n the A ie direc at these d. to be appeared seep the rrent re- lent eon. were le- and an ssible be Le moved i motion. amicable Ave Coin which he nent be in g, tbat the been Cher and . n . 110 dispute, an, as to the state ri comps' assumed L;l;lfeel utakings %s agreed That the approved this corn the cote- London tnchester a,cknovr nother to he Great Is carried ression of uld !lave ,ctors. director 4 i or 15th to pro rred that le parties had not by the propriate Is not t3Z %ster and Laois, and 7vice; and ; servants e sum for ,ted from. the duty ri at Don' and chil ls amend' oce shart: - lefere this mpany• ireholders otion Was 3 Meeting „ Dan and vegetables dy, at full 1; colonial Od per lb ; 6d eacb; er dozen ; is Od to a gages, 05 on plums, r pound ; r 100 ; fil almonds, igs, Os Od le; gooso , Os Od to tile. bunchos; is Od to .atoes, 609 oz. ; peas, 3s Od per to 6d per lie, 6d to )er sieve to Os per shallots, ; parsley, b a per 0(.1 te 2 0 on ; small is 6(.1 por e lettuces, alf sieve 3s to gs Brussels ;, is to 20 Lliflowers, r bundle ; er punnet 6d each ; 0 2s Od ; [O,l each; , 2s Od to Ls, 3s Gd Od each ; g 0,1 each ; ratter, 11 0 lozer lbs. .1 to 7s 64 id ; veal, k) 49 4d; bs by the Salmon, h ; Solos, ;, Os 6d to per doz. ; I per bsh ; per doz.; er gallon; gs, (is Ott Os Od per o 15s per Od to 4s; it, Gd per are from ) loaf. 72th, 30 to 40 ; Od ; 104 hides, Gs full, tents, GA ns, 5s Od o Os Od• vur ditto• per lost). low Ao., ,er load. ; clover , cr load• -/ THE SUN. LONDON, SATURDAY Ex EN FEBRUARY 23, (856. IMPERIAL PARL:AMENT. Speaker of the House of Commons was liable to be in dicted fur a misdemeanour for disobeying the act of Par liament. The julgss must answer that question, which depended entirely on the question whether a right to sit in Parliament was conferred by a life peerage. But al thouc,,h the judges might be forced to give an opinion up,n the main point he c mfessed that he should be quite content to take their opinion on the questions lying round about the main question, but which would throw light up in it. Then with respect to the authorities cited by his noble friend. No doubt the judges in Th.orpe's case answered, and rightly so, thar they had no right to give an opinion on the lex et c-nsuetu lo parliamenti, but the point which he had always taken up, and from which he had never been displaced, was that this question is not a question of the consuetudo parliamenti, but of the lex corona:. (Hear, hear.) The question was, whether the Crown had a right to call upon one of its sujects to give his services in that ',muse. With respect to the next case ; it occurred in the time of Henry VIII., and he certainly did not wonder that under those circumstances the judges were not very anxious to:give an opinion on the question referred to them by that monarch. Then with respect to the authority of Lord Coke. No doubt, the house had a right to decide upon all matters relating to the regulation of their proceed ings ; but questions affecting their relations to the Crown were t, he contended, within t'ie category of those which depended on the lex et consuetudo parliamenti He trusted the house would accede to the motion, in Pa'd. RAILWAYS; Leasing Compan. cioNitut yestee ay 'nosiness this day. HOUSE OF LORDS—(YtaTEr.Dity). The LORD CIIANCELLOR took his Eat on the woolsack at five o'clock. THE WENSLEYDALE PEERAGE. There was an unusually large attenla.nce of peers this evening. The space between the t►rone and the gal• leries was crowded in every part hypersons anxious to hear thediscussion upon the question if the life peerages. Lord GLENELG moved that the allowing questions be put to the Judges :—" Is it in the !)wer of the Crown to create by patent the dignity of a Etron of the - United Kingdom for life ? What rights aad prvileges does such a grant confer?" The noble lord, who stoke inaudibly, was understood to say that the subject now under their con sideration was one of the most impoitant that could be submitted to them ; and it behoved hem to weigh well the steps they ought to take in a question which would hereafter be referred to as a greatprecedent. In all cases involving serious questions m law they did not think it unbecoming to consult the Judges ; and he could not think, in a question invoving the preroga tives of the Crown and the constitutor al privileges of that house, they would have any obection to ask the opinion of these qualified by their legal knowledge and experience as to the wisdom and propiety of the course which they, under the circumstances, thought them selves justified in taking. Those barned lords were the constitutional advisers of the country, and this was a case above all others upon whi:h they ought to be consulted. He for one wantel to know the order to show to the country that, before they came to a decision, they were anxious to ascertain what the law on the snbject was. If the resolution which his n Ada and learned friend intended to propose in the committee of privileges should be carried, it would be the most un justifiable and unwarrantable invasion of the rights and privileges of another branch of the Legislature. (hear.) After a short speech from the Earl of WINCIIILSEA, law on the subject. He felt it was to 3 serious a thing for him to assent to the course proposed by the noble and learned lord opposit —a course which, if persevered in, could not be retrieval, but which might involve the house in the most serous consequences. He could not help observing that th 4 noble and learned lord up to that moment had abstairsd altogether from stating what the law of the land upm the subject really was. It was no doubt alleged that tlisexercise of the pre rogative of the Crown was opposed to the practice of Par li Now, even if admitting twee allegations to Le correct. he thought there was something more to be ascertained, namely, whether the act complained of was legal or not. The noble lord was proceeding to refer to the motion of Lord Lyndhurst, as if it was the report of the Committee of Privileges, when he was interrupted by Lord DERBY, who rose to order. He considered the noble lord was not justified in commenting upon what naught or might not be the report of the committee before the committee had concluded its deliberations. The proper course, he submitted, would he for the noble lord to allow the house to go into a Committee of Privileges, and then be could proceed with his comment.,. of the subject, that he need not detain them at any great length. He need not dilate upon the question of jurisdic tion, but as the noble and learned lord opposite (the Lord Chancellor) had more than once referred to the question, and denied the jurisdiction of their lordships' house, in a tone not very respectful to their lordships' house, he must advert to it in passing. The noble and learned lord had intimated thlt whatever might be the decision of their lordships, it would be unavailing. (Hear, hear, from the Opposition.) The other House of Parliament was in a much more favourable position than their lordships' house on the question of privilege. The Speaker of that house was the guardian of its privileges and authority, and when those privileges were invaded he stood forward to protect them. (Hear.) The noble lord opposite, after having pro posed an objectionable measure, said' their lordships ought not to touch it as it was a matter of prerogative of the Crown. Another per;on, who was waiting for their lordships' doors to open to admit him. saiddogwatically that his claim could not be resisted. If this were allowed, there would be an end to the independence of their lordship% That indepen - cloaca would be prostrate in the dust. There was a case which was dlcisive a; to the jurisdiction of their lordships, and th%t the privilege for which they were contending was part. of the independence of that house. An alien, it was Nell known, could not sit in that Louse, but the Crown could make an alien a peer. Suppose such:alien were to come to the bar with a writ of summons, why, of course, they would not admit him. He had another case equally strong. Suppose a person, created a peer for life, came to the bar with his writ, were their lordships to co-operate with him or were they to racist his admission? Wha'.; was the first step taken on the admission of a newly-created peer? Why, it was t) read the patent. What was that for if they were not to consider the patent. These facts he con si(iered were decisive as to their jurisdiction. It was the right of their for lships to see that the assembly was pro perly constituted. If a writ of summons wore withheld, they had a right to demand it, and if a patent wore in valid, they had a right to reject it in order to see that that house was properly constituted. The noble and learned lord on the woolsack had said there were no means of en forcing the right. If a writ was withheld after they had called for it, there was a remedy, for the house could re fuse to proceed to business until the house was properly constituted. That was the remedy when is writ was with• held. On the other hand, if a person obtruded himself without proper authority, it was their duty to direct the officers to refuse to administer the oath, and to prevent him taking his seat. Now, as to precedent. There was but one precedent, that of the Duke of Hamilton and Bran don, that was relied on by the noble and learned lord. The ease which it really presented had never been met by the noble and learned lord on the woolsack. The cave at the time it occurred was discussed in the house with great energy and zeal, and the house came to the conclusion that the claim was invalid. The question now was, not whether the dicision of the house in that case was right, bat as to the forte of proceeding. Not a single observa tion, not even in the protest of the claimant to the peerage, was made as to the course of proceeding. For seventy years that had been acquiesced in. The decision of the house was reversed, but even when the case came again before the house not a single word was raid against the course of proceeding. On the other occasions, when peti tions were presentel, a similar coarse was taken—that of referring them to the Committee of Privileges. There was another case, that of the Earl of Banbury, who petitioned to be tried by his peers. The Committee of Privileges in vestigated his title, and said he had not made out his title, and the petition was dismissed. That case came before the Queen's Bench, and Chief Justice Holt took upon himself to say that this house had no jurisdiction. Let them see how erroneous that was. They had an absolute jurisdiction when a peer presented his patent. They, therefore, must have jurisdiction to try every matter incident to it. The house had the jurisdiction as to the principal matter, whe ther he was a peer or not, and hence they had jurisdiction SHARE MARKETS. (THIS DAY.) RAILWAYS. RAILWAY 9. Closing Prices yesterday dt. f L 2 k all L3pi I all tl 123 17i1 al! 2 19 ;6 all it. 1100 it. LOG f) ,61g. ;o all !O 18 [ 0 all 0 8 LO ;t. 100 !0 211 ;t. 100 it. 100 8; !,5 10 it. 100 it. 100 bPrilUel.4 krabg. Nottng. Bost and Ilastzt. Junet 331 fast & Ballymena 3lrmin g. Wolvo rh - Stour Valley Birl , elk& Lancet" 6 Clioshiro Junet Clie4i. Gt Birk. £5O and £25 G ns Do., £2o_ ...... Myth & Tyne origina £25 (issd. at £45 firistol and Exeter 3alodonian. Carxn. and Cardigan [(Mester dr Holylu;(1. Cork and Bandon.. Cork, Black, Page Cornwall Do. A ............. . I Do. B CrieT Junction. ..... Dtiblin&BelfastJnuc Don. P. et Ab , ,r. Jnc East Anglian EAStern Counties.. . re,amt. union, A St} Do., B. St(yror 0., Now A East Kent East Lancashire Edinlairgb& (linage', Edinb. and Peebles ,din.Prth ,SaDund:,. forth St Clyde Jnn t. irrices IDo. Extension Glarow St S. Westw , ;Groat N. of Scotlnd. 'Groat Northern Do., A. Stock I Do.; B. Stock I qt. Sth. &West . aro. Great Westorn r Do. Stour Val. Rail Gua. Stk Irish Soutli-Eas torn . ucaster & Carlisle 0., Thirds Do. Now Thirds LAncash.andYorksh Do. Wet. Riding 'tin Liv:Crsby.&Southpt i Loudon & Blackvralli Lon& Bright & S.Cnt. Gond. and N. Westn. , Du. Fifths Do. Eighths . London and% Westn. Do., £5O. Do., X4O. tindndrry& Col oral n• Ludndrry. Ennlak Mtinch.Shef. AT, Lineh Do., Man. & Lin. Un Metropolitan • IMidland Do. Birmng. & Derb; G. West. aro. ' Do. Half Sllar(4 Newcastle &Carlisle. INwpt.A.borg. Z,L HIV Piewry Az EnniskilloT Newry Warrenpoin' and Rostrovor Norfolk Nortlin.Coun ties Un North British Nth Devon Rai'. & Dock Stock 1.0., A Stock no., B Stock Do., B Guarantee , IN. En.stcria—Berwic , IDo. do. Emioneion IDo.do.G.N.E.?nrch iDo. Lends iDo. York ,North London • , (-N.&S.Wstrn. I stead, and. City Jn,. (North Staffordshire 'North Westorn I N. & 0, Westrn. June 'Nuneaton, Hinckley, and heieoster.. Iox, Wore.. is Woly 'Pori:an:Louth Itottish re Aral,.., 'Scottish Midland (Shropshire (31 i ISouth Devon ISout•h Easton' :s o uth Wales S. Yrksb. & Rix. Du' !Do.. Wok. &Wol , (Stockton .k Pant t.c.!kton & Hrztlepl Taff Vale . . M'. Pref., No. 1 Tilmnea Hay. P.& 11. ItTlverstone & Lanus. Nal,. of Neat(' Watcrfil. & IWa.torford&Linterioi iWant Cornwall , i.toot End of bonctof n.rul Cryatal Palace.. all j Do. A ........ ...... 3 Do. Ti n.ll Wost London ‘II ;Winibledn iz.Croydor LO •11 10 40 !O to 5 4. .8 -4 .8 I all 20 1.11 20 13 20 1.11 In 15 .00 all •t'l 20 16 !O ;5 22. 14 0 0.11 ;6 14 4 I all :C,` 1 n !O 56 , all D all il all 0 all E 0! I all V) all 5 411 !O 14 10 all !O 10 l 0 5 ll ! all LO !O all 1.6 all ►a all !;) el 25 26 4i - 4R ... '' • • 8 - 8i 16 - 15 18 - 14 9 - 8 iii E 9 574 4 . tai 12 = ... -- 4 -- 2 12A - 13 -10 i 31 w 33 21 - 23 71 - 73 52 - 54 91 - fit 24 - 25 85 - 87. - 7 92 - 93 76 - 78 123 125 105 - 107 59,E 72 - 75 6i - 74 6 - 7 811 82 7 - 74 96 - 98 101 - 101 - IP i t4l pi - 24} - 25 i - id 70 —70 i 41 43 10 - 11 49 51 3 3 tdi 29 30 75} -76 - 41 - 144 - )4 51 52 90 - 92 7 qd fo 11 23 - 24 1 04 - 106 74 - 76 46 - 48 1L 12 (33 - 651 72 - 74 4 - 2 1 4 - - - 37 20 -- 21 3i - 4i . •- .• 6 i . Z . FOREIGN. kntwurailtrs , t , t rt in Do. 5 p.c. Obigs. con. in atpar till '6l lArdentics solgian. Rim; Beziers to Graissers. i tombay , ;taro :I a , an Colltral Do. Deinurara Hutch Rhenish Eastern of France T), - ). New lEast g. 5 p.,3 Do. P. 4 tenairm.. D 0.4 p.c.Ends.,'s7 no. do. do., 'A4, Geo'ong Melbou ne guar. 5 per c nt. . Do., Lon. allot., do. Trot Canal . ..is_ is iDo. Do. Cert. of Deben. eon. into Stk. till 'B' Do. Comp. 6 p. c., do Gt. Ceutral of Fran.. Gt. Indian Peninsub Great Luxembour, , Constituted Sham Do. Obligat Do. re-is. lorftd. Sh. Gt.Westernof Cannes Sharea Do. Now payable's7, with option till '55.. Do. do., '6g, p. '56... iDo. do., '76, p. '60,. IDG. do., '73, without option iiamiltou & Toront , Do. 6 per cent. Late Cont. & Basl , Liorro and Turnhout Lucca Fist. sp• c.p Lyons and-Gc.neva Lyons 5i Mediterran Madrae, gua... 4. p.c De. New 0., sp. c. Po. 4i p. c. Extol Maria Antonia . Do. do. New Namur & Licgr ( . cit e Intorest) Do. (ex interest) Northern of France ,D 0.20/ Shs Do. 201. 3 p. o ltde (fmy.Tl.dgAins.Sils NorwegianTrunkPre Paris and Lyons . Ditto Bonds Paris and Orleans Rome and Frascati.. Royal Danish itoyalSwotlish Do. Obligations Sambre and Mango_ Do. 5 p. cent. Pref, Scinde, guar. 5 p. c Do . Southern of France St. Andrew's and Quebec (A) (West Flanders IDo 5 n‘tr c. Prof W. &N. W. of Franc West. of Switzerland Wiesbaden Zealand 8 14 1 p 2} 2ip 3i - 21 , d p - 1r id - 39 12 - 141 21} -21i ' r ••• . 7 '"' •• • jai 73 - 76 82 - 86 5i - 6 20i - 201 41 - 5 3 - 3h 25t 2 6.1 3i - 99 - 100 120 - 125 120 -- 125 107 109 25 - 254 120 - 125 - 2 i rn oA —l9i A— A i d 7 2 3 5 - 6 5f - 6 0 1 B 9 - - 12 71 - Sy 49t - 50 :-. 19 - 20 . -•.. •• 9 -- 9 i - 1 •-•- ." - pm •.. - 4 33i - 34, ..• --. ~ iii = iii JOINT-STOCK BANKS. &usual:v[4a Bank of London .... I Bri. Col. Bk.&Ln. C 'British N. American Chartd. Bank of Asia Chrtd. Bnk. of India, Australia, & China City Colonial Commercial of Loud Eng. Scot. & Ans. Cht Loud. Chart. Bk. of Australia Ditto Now London and County Lnd. &E. Bnk g. Corp London Joint Stock London and Paris Loud. & Westminster National Pro.of Eng Do. New National of Ireland New South Oriental Bank of Corporation Provincial of Ireland Do. New R Ans B &Go Im Cc , Royal British....., south Australia Union of Australia Do. NW ....h Lrll/912 of liondm g, all all 24 1Q 92 - 94 66 - 68 par 1 p i Id 69 —. 71 ••• '''' ••• pi - ii 15 -16 A 34 -- 2d 11) . ; !2; 4 -- 2 d, 0N....... N. •v• .•.. .. ... .... ... 37 - 39 39 - 41 OM M. ..M mai , W. ••• ••• 38 -- 40 71 - 72 27 7 29 i 8i Business done this day London k N. West. L. UN. W. Caledon... E. Un. S?, E. C Ot.Nrtnn. E. Cciunt. Caldoninn. Do WC.itl Yk. Now. & Bcrw. Do Do 3. Enztort Poto & Co. !Norfolk Do ' L. & N. W & Midld. itekton k Darlingt. MidlAnd En. Conn, E. Count. D 0........ . L. St N.W Do at North]) T.stnewsh & Yorksh. T. Brassey Sl.llCloav Stoat. 11, 1 Darlingt 11,1tWootn. ,ENCE 94 - 96' 95 - 104 133 - 135 41 ... 4i • •• .'" • • .•• . 105 - 107 13 -- 23g -- 241 1071 -- 1121 2i - 2i 92 a." . 4 53 132 = 131 - 8 3 - 31; -32 i 83 - 85 diAltE. 86 92 - e 4 93 - 98 15 -16 i 4 —s} 12 - 121 ••• "" 65 - 67 ••• --• , 116 - 118 109 - 111 ,103 -- 105 3 - io - 10 6 - 6A 91 - 93 81 - 1/3 80 - 82 95 • 100 91 - 101 16t - 16 i 91 - lOt 71 -73 18i - 194 9 1 - 91 13t -14 t 1 - 1 32 - 184 ••• ... N. ••• .... ••• ••• ...". MI ... '''''. ... i . 2 I. 112 - 134 i - i 4 - 4i } - I'B . - 100 91 -13 5I - 5f .. ..• 1 id 13i - 14 23 -213 i 95 - 100 91 - 9i . ...... r ti# - ~,#~ L ird BROUGHAM s vid he should confine his obser vations to the simple question, as to whether they should now take the opinion of the judges. There was one word which he was surprised to hear from the Lord Chancellor under present circumstances. That word was" reckless." Now, considering how they csmo into the position in which they were now p'.aced, he must say'that, of all the words in all the dictionaries in our Saxon tongue, that was the very last that he should have expected to find applied by his noble and learned friend, or by her Ma jesty's present advirire, to the conduct of his noble friend. The question before them was simple and practical. It was this. Could the house now get an answer from the learned judges? He presumed by that was meant the 15 . judges. It was admitted that they could not. It was admitted that all were either out of town or were on the point of leaving it. Then were they to ask the judges their opinion without giving them time for deliberation It was a question of great difficulty, and one on which considerable difference of opinion existed. Were they, then, to administer an interrogatory to the judges, and call on them to give an answer in 24 or 48 hours ? Whe ther they wished or not to have the opinion of the judges, they could not have it new. Then after the cir cuit came term, and then the long vacation, so that it was quite clear they could not get the judges' answer till next session. He was surprised to hear his noble friend complain of the wilful and reckless conduct of his noble and learned friend Lord Lyndhurst in pressing on their lordships to agree to the resolutions which he was about to propose in committee. The noble and learned lord on the woolsack agreed in that opinion, so that he supposed that those noble lords who were now so anxious for full discussion and deliberation bad voted with the majority the other night for referring this question to a committee of privileges. That, however, inferred—he could hardly believe it—that those noble lords who were now thus anxious for careful and deliberate proceeding, even after the matter had been referred to and discussed by committee, had on the previous evening voted against its being even referred to a committee, and had sought to induce the house at once to deCide upon it without any inquiry. (Hear.) If the course recommended by the noble lord who introduced the motion were adopted, the house would now, in effect, say, after having decided to go into committee, " Do not go on in that way. The beet plan you can adopt is to delay, for the matter is too important to be got rid of so speedily and so rashly." He would not follow the argument of the noble lord, who bail affirmed that this was not a question of privilege, but a right of the Crown. It was a right of the Crown which materially trenched upon the privileges of their lordships' house, and their lordships not only could, but must consider it. According to the argument of the noble lord, the Crown might cast aside the old modes of creating peers, and, ex mero meta, send down a person to sit in that house without either sum mons or patent. He was quite astoniehed to hear such arguments from lawyere, especially from Whig lawyers. No one could be more anxious to have the opinion of the learned judges upon the point in question, but the pe• remptory refusal of Baron Wensleydale to appear by counsel before their lordships, seemed to impose an addi tional obstacle to taking the opinions of those learned persons. Under such circumstances, the judges would have to decide without he iring any of the arguments on either side of the question. Their lordships could not ask them to sit on the woolsack whilst the house discussed the question at issue, and then ask them what might be their opinion upon the matter. He did not deny the power of the house in such a eve, but it would be most inconvenient and most unsatisfactory to adopt such a course. An opinion so obtained would be worth very little, and the learned judges themselves would be the first to acknowledge that it was of little use when they had not hoard the case properly argued by counsel. In fact there were so many obstacles in the way, that he could sot under any circumstances accept the proposal which ha t been embodied in the motion now before the house. Earl GRANVILLE ...et a erne his inoleeioo ie tbs. few remarks he intended to make, to confine himself strictly to the question before the house. lie thought it was a most unjust accusation against the noble lord who had introduced this question, that be had wandered from the point. When the noble lord was discussing this point in reference to the judges, it was impoesib e that he should ignore and put out of sight the Ceminittee of Privileges, for he had an undoubted right to refer to any matters that were on the paper. He could not help thinking that there were some inconsistencies in the opinions that had been advanced by the noble lord oppo site (Lord Lyndhurst) ; for when he was sitting in h:s judicial capacity in that house last year he male this remark —" It was usual formerly to grant life peerages in England. Is it so i a Scstland ?" and the noble baron who hail just spoken had freely admitted that such peer. ages were within the prerogative of the Crown. Their lordships were told that they must rely upon the opi nion of the law lords in order that they might come t a final and satisfactory conclusion, but these opinions were very contradictory, and he could hardly admit that they were safe guides upon the question. Some surPriee hart been expressed that the horse had consented to the Committee of Privilege. lie (Earl Granville) was of opi nion that it was a most undo Arable step to take, and it ' was seine consolation to him to find that morning a pro test in the Townsend case, which was signed by Lord • Cetteaham, in the course of which that learned lord ex . pre , sed an opinion that it was improper for the house to enter upon such an inquiry without leave and license of the Crown. (Lord Campbell remarked that that was an essentially different case, the question raised being one of legitimacy.) The noble lord, the Lord Chief Justice, did not always hold the opinions which he now seemed to entertain, for in the case of Knowles the noble lord was reported to have said that the proceeding were coran non judicc, because they had been undertaken without any reference to the permission of the Crown. But be (Earl Granville) was consent t) let bygones be byegones, fur he was anxious to get out of the committee ai soon as he could. Then as to referring the matter to the judges. It had been said that precedents were against sinn a course, but he need not further allude t that point, because it had been succes, , fully demolished by the nobl: and learned lord on the woolsack. He might refer to the 1)11 passed by the House of Lords which en abled King William to delegate certain powers to the Queen during his absence abroad. That question was re ferred to the judges, and Chief-Justice Holt decided that witheut an act of Parliament that step could not be taken. This certainly was a case in point. (Rear, hear ) It had also been urged by the noble lord (Lord Brougham) that the matter could not be referred to the judges, because Baron Wensleydale had refused to be heard by counsel ; but in the case of Knowles the judges had unanimously decided that the house bad a right to put questions to them upon abstract points. The argu ment that the judges were on circuit was idle, for if it were tenable their lordships would never be able to put questions to them at all. (Hear, hear.) As far, then, as he (Earl Granville) was concerned, he had no doubt of the propriety of submitting to the Queen's writ. The Queen, there could be no doubt, had a perfect right to confer peerages for life, and it was equally clear that when conferred such a peerage entitled its possessor to a seat in that house. In e mfirmatien of this, he might refer to a note of Mr. Hargreave, the keeper of the rolls, who, in referring to the case of Knowles, said that although the claim was finally rejected, still it was contrary to the opinion of many peers, and the protest of 20 of them : and that if it had not been refused to hear the judges, in all prubahility the claimant would have succeeded both upon the facts and the law of the case. (Hear, hear.) Now, he came to another point. He certainly did not hold the doctrine that their lord ships' house was servilely to support the prerogative of the Crown, or to uphold any abuse of that prerogative ; but when their lordships dealt with a question which was at the root of that prerogative, .they certainly took a most unusual and unprecedented step. He did not think it was decent with regard to the Crown itself, respectful to the other House of Parliament, or treating with due respect the feeling of the country. (Hear, hear.) He should certainly with the greatest satisfac tion vote for the motion of the noble lord. After a few words from Lord BROUGHAM, their lordships divided, when there appeared — Contents—Present Proxies .-111 Non•Content3—Present - 97 Proxies 45 —142 Majority against the motion j.-31 Tho house went into committee, and Mr. Tomlins, the keeper of the rolls of the Rolls Chapel, produced the life peerages up to the 25th of Henry. After some questions had been put to the witness by Lord LYNDHURST, The LORD CHANCELLOR said ho did not know whe ther it would be any convenience to his noble and learned friends, but he believed there wore eighteen grants to women and grants to persons for life with re mainder to col lateral heirs. Ho had not the particulars, but he believed there were not any since those early times. Loral LYNDHURST then rose for the purpose of pro posing the motion of which ho had given notice. He said he was not sure he should be able adequately to perform the task he had undertaken, or whether his strength would bear him through, but having u ndertaken it he would (lb his best. The question had been so fully discussed, and noble lords were so intimately acquainted With every part • -- Lord GLENELG submitted be was right in the course he was adopting, in commenting upon a document which was about to be laid upon the table. (Hear.) The difference that existed among the highest legal authorities proved the necessity of proceeding with caution, and to obtain all the advice it was possible to obtain on the sub ject. Amongst other authorities that had been re ferred to, that of Lord Wensleydale himself had not been alluded to, and he was therefore justified in assuming that he was in favour of the exercise of the prerogative in this instance, or he would not have ac cepted a life peerage. The legal authorities in this house were so nearly balanced that it was absolutely necessary to call for other advice. (Hear.) This was not a party question, and the house was now called on to pronounce a decision which affected the privi leges of the Crown. The House of Lords had ever been the champions of the monarchy and guardians of the Crown yet now they had prevailed upon themselves to contest the prerogative of the Crown ; and if they went into committee to-night they would commit them selves to the contest ; and under these circumstances it was the more necessary that they should arm themselves before they did so with the highest legal ad vice they could obtain on the subject, which, after all, was a question of law, and not of Parliament. The noble lord concluded by moving that the opinion of the judges should he taken on the legality of the patent granted to Lord Wensleydale. Lord CAMPBELL complained that his noble friend should have entered at length into the discussion of the general question on a simple motion for taking the opinion of the judges. He had not, however, brought forward a single argument to - show that the questions proposed to be submitted to the judges were such as came within the category of the questions in which they were the constitutional advisers of the house. Now he denied that they did come within the category. They were questions of privilege of which their for ships were themselves the only proper judges. He should not enter into all the topics with which the noble lord dealt, but there was one to vvhici he must allude. fie hail meet unfeigned respect for the prerogative of the Crown, but he hoped that he should never again hear it contended that the house ought not to watch its exercise, and protest against it when it was improperly exercised. That house was the constitutional guardian of the privileges of the peerage, anti if the doctrines ad voceted by the noble lord were to prevail, land they were to submit without opposition to every exercise of the prerogative, that house would be reduced to the condition of a Turkish divan or of the R )man senate, which used to be consulted 'on the taste of a sauce. Then as to the qtiestions proposed to be submitted to the judges. There was not the slightest doubt that the Crown had the power to grant the dignity of a pter ; there was not any question upon that ; and there was not the least necessity to summon the judges to dis cuss that subject. Bit then came the question az to whether the Crown had a right to create a legie- lator—a member of the upper house fit life. And that question was one of the law of Parliament, and one which did not fall within the cogn'zince of the judges. Then the noble lord next proposed to ask what were the privileges of a peer so created for life. That was that the judges were to sit down and write a treatise, setting forth the whole privilegea ot such a peer. He had the grew eat respect for his learned brethren, but he should be sorry to see them taken from their proper duties to write such a treatise. Why, they could not reasonably be allowed less than seven long years to an swer such a question. The real question was whether a patent fur life to a baron could confer a seat in that house. That was the question of privilege which that house could only determine, and upon that he believed that the judges, following the example set by their pre decessors' would refuse to give an opinion. Its solution depended on the lex et consuetude Parliamenti, upon which the judges had uniformly refused to give an opi nion. In Thorpc's case, in the reign of Henry VI., the judges were consulted on a question of parlianaentary privilege, and Chief Justice Fortescue and his brethren replied that they ought not to answer that question, for it ha-I not been usual beforetime that the judges should determine the privileges of that high court of Penis ment ; and that the knowledge of that privilege belonged to the lords of Parliament. The LORD CEJANCELLOR asked what the Ties tion asked was Lord CAMPBELL said it related to the Speaker of the Howe of Commons being taken in execution. Then came another case in the reign of Henry VIII , in which the question was whether the husband of a peeress of her own right was entitled to sit in the House of Loris ; and they then refused to give any Opinion, saying that such questions had been uniformly decided by the clnsta• bles and marshals. The LORD CRANCELLOR asked who put the question I Lord CAMPBELL—The King. (Hear, hear.) lie now came to the authority of Lord Coke, who said that as every court of justice bath laws and customs for its direction, some by the common law, and others by par ticular law, so it was the lex et consuetude Parliament' that all weighty matters relating to peers and members of the louse of Commons should be decided secundum legem et consuetudinein Parliamenti, and that the judge; should not presume to give an opinion thereon. This was a decisive authority, to show that according to the con stitutional practice the judges should not be consulted on ouch a question as that now before them. To a similar effect were the authorities of Justice Blackstone and Chief Justice de Grey. Tee proper course to pursue was that they should at once resolve themselves into a commit tee of privileges, and then decide this question. Let the house just consider the inconvenience of referring the question to the judges at the very time when they were just setting out for their circuits. For the sake of Lord Wensleydale he would ask them in what a condition he would be placed by such a reference to the judges ? At present they did not know whether he was a peer or not, whether he had a right to sit there or in the House of Commons. Ho trusted that the house would negative the motion, and that they might now proceed. The LORD CHANCELLOR felt the difficulty in which they were placed inconsequence of the judges hav ing left, or being about to leave town. But still he felt so strongly the consequences which might fellow the course on which the house was now to recklessly hurrying, that be must urge them not to proceed without taking steps to obtain the best information and advice in their poser. His noble and learned friend had commented on the gene ral and, as he said, vague manner in which his noble friend proposed to put these questions to the judges. The ques tions put to the judges were often put to them in the ge neral words in which the questions on the paper were framed. The judges on such a reference would tell the house only the great leading principles inferred by the pa tent for life. They would not embarrass themselves or the house with those minuter points to which his n oble friend had referred. No doubt the object was to guide the house to come to a safe conclusion as to whether the peer created by patent for life wasentitled to a surnames to come to that house. Anil it was said that that was a question which could only be decided in that house. But would other points on which the judges might express an opinion threw no light on this ? Suppose the judges were, form stance, to say that a peer so created by patent for life bad a right to be privileged from arrest, had no right to be tried by his peers, and had other privileges ordinarily possessed by peers, would not that create a presumption that he was also entitled to a writ of summons as a peer of Parliament,and would it not cast upon the noble lords opposite the onus of making out by the strongest proof, the case on which they relied ? He could, however, show the house a case--not, certainly, one likely to arise—in which the judge might be forced to give an opinion upon the main question—whether a wh p i e c e i r l i c lr r o ea vi t t e l d ed b t y ha p t at i e f n a t act, fo rli t f h e e w 2 a 4 s th en G tit e l o e . d i t i o i s . i , t c i . n 2 P 6, arliament. There was an member of the other house became a peer during the re cess, and this was certified to the Speaker by two mem bers of the House of Commons, the Speaker was required within a certain time to issue his precept for a new writ. Now, suppose such a case as this were to arise. Sup pose he put it to the judges that A B had received a pa tent and writ in the terms of Lord Wensleydales'e, and that the Speaker, notwithstanding this, did not issue his I writ, and that he then asked the judges whether the as to whether the peer could be tried by his 'peers. The noble and learned lord then read the opinion of Lord Redesdale, in which that judge stated that Lord Chief Justice Holt,was in error. There were several other cases, all of which went to establish the right, when applications wore made, to examine into titles. Such cases had been printed, and were on the table of the house. One e 9.30 was that of the Earl of Lincoln. The house referred that case to the Committee of Privileges. That committee examined the patent and the pedigree of the claimant, and reported in favour of the claimant taking his seat. A case occurred where a peer was elevated to that house as baron in the lifetime of his father. That baron died before his father, and his son claimed the barony without the intervention of the Crown. That claim was referred to the Committee of Privileges, and the claim was allowed. There were persons who were incapacitated from sitting in either house of Parliament. The Crown could grant a peerage to such persons, but that would not give them a right to sit in that house. (Hear.) He had referred to these cases in consequence of the peremptory tone which had been adopted by the noble and learned lord on the woolsack. The noble and learned lord then road an extract from an opinion of Lord Redesdale, in which he ' said, that although he had great respect for the name of Lord Coke, yet he could not conceal from himself the fact that ho would tell any untruth to support his opinions. (Laughter.) Ho (Lord Lyndhurst) could state many cases in which the judgment of Lord Coke had been reverse 1. Mach stress had been laid on the dictum of Lord Coke in this matter. All the legal authorities that had been cited tarried on the dictum of Lord Coke. That dictum of Lord Coke's cited no authority and no cases. Ile (Lord Lynd heret) would show that in no instance had the Crown crea ted a peer for life to sit in that house without the autho rity of Parliament. do would prove that to domoustrati;2. Tim next 'authority that had been relied on eras that of a Judge—, who was merely the auth or o f a divst. How could that be called an authority ? Then there was the au thority of Blackstone. He merely took the question upon the bare authority and dictum of Lord Coke. It was clear that bo had never discussed or considered the subject. ' Then there was the authority of Sir Matthew Halo, and that was the most curious of all. It was sail that because that judge had Rai I nothing about it that therefore he was of the same opinion as Lord Coke. Then the authority cf Selden was cited. He trendy said that in sonic instances peerages had been granted for life. Why, that was true enough, anti amounted to nothing. Ire referred to the mar (pinata of Dublin, but that peerage was granted by the au thority of Parliaarent. (Hear.) That was the case which hie noble aud learned friend had made as to authority. It was wholly founded on the distitui of Lord Coke. There was no instance of a peer for life sitting in the house, ex cept where the peerage was created under the authority of Parliatneut. The opinion of Lord Shaftesbury had been cited, but he was not a good technical lawyer, although he was a gt oat parliamentary lawyer. My noble and learned friend read a short extract from ItracaulaY's "History," with reference to the character of Lord Shaftesbury. lie was tempted to throw a little sunshine upon this doll dis cussion, by quoting the words of Dryden, descriptive of Lord Shaftesbury " In Israel's court ne'er sat an Abethain With more discerning eyes, or hands more clean, Uubrib'd, unsought, the wretched to redress ; Swift of despatch, and easy of access. Oh ! had he been contest to serve the Crown With virtues only proper to the glwn, Or, had the rankness of the soil been freed From cockle, that oppress'd the noble seed, David for him his tuneful harp had strung, And Heaven had wanted one immortal song." It was not Lord Shaftesbury who alone pronounced the de cision in the CAW to which reference had been made; Lord Nottingham also took part in it—one of the greatest chan cellors that over satin the Court of Chancery. He would di rect their lordships' attention to those cases in which peer ages for life bad been granted. The first case was that of a foreigner ; lie had no right to sit in Parliament, and it was clear that he never could have sat. In the charter he was created en earl for life. The next char ters were those of the Earl of Oxford and afterwards Doke of Ireland. They would find that the limitation for life was not to the person, but to the estates that wore granted to him. Then it would be fonni that the charter was passed by the authority of the lords spiritual and temporal in Parliament assembled. No person who know anything of the law of this country could deny that that charter was in reality an act cf Parliament. He might spare the house the trouble of going through these charters, because they were all made with the assent of Parliament.. The LORD CHANCELLOR —Above half. Lard LYNDHURST—The whole. The dukedom of Aquitalue was riot only granted by the king in his capacity of King of France, but ee also with the assent of Parlia ment. The g rant to th w e DUC:IO3S of Norfolk was to a wo man, and did not touch the present question. The char ters conferring the dignity of a peer on the king's brothers, the Earls of Bedford and Gloucester, were with the aseeut of Parliament, arid there was every reason to believe that this assent was also given iu the case of the Earl of Cam bridge. The same result applied to the dukedom of Exeter. Sir John Cornwall was created a peer with the assent of Parliament ; but these was more than that. When a peer took his seat by virtue of a writ of summons that con firmed a peerage in fee. When, therefore, the king con ferred a peerage in Parliament, and placed the grantee per sonally in his place in Parliament, such summons was un necessary. Now, as there was no charter in existence in this case, and as the dignity was conferred in this manner in Parliament, there was every reason to believe the peer age was one in foe. There was no proof of a peerage for life haying been conferred by the Sovereign without their assent. What was now sought to be done had never be fore been done, and there was not therefore a straw to save the noble and learned lord from sinking. Long con tinued usage was the basis on which our constitutional system rested. Look at the descent of the Crown. It was different in two important particulars from the de scent of private estates. The rules of descent, therefore, depended entirely upon tune. Upon this in like manner depended the peculiar position of the Queen-Consort, and upon this also, and not upon any Act of Parliament, de pended the position of the Prince of Wales. The practice and powers of the courts of common law and of the other House of Parliament depended upon usage. In former times the Crown could send writs to summon such boroughs to Parliament as be chose, bat it was never contended that he could exercise that power at the time of the Reform Bill. He exhorted their lordships to consider how they broke in upon this principle of the constitution. Thelocon stitutional system consisted of King , L ords, and Commons )e * e —depending for its harmony upon the balance,eroint nn r amongst them. But what would becomeeotihrtehe e I- e states had or harmony of the system if on e of. th ence had been made to the defective state that the power of invading and remodellingtheoofthterast?hoßuseefears a court of judia.teroo.Bd outoifiotthhaet n w e a si s st s a o n , n t e h n e o r t e o w n a ly s an f easy remedy. They could the common law, but also of the equity judges, and if the judges of Scotland were made _privj h council ors, their as sistance mig admitted obtained. e noble earl opposite (Earl Grey) that the power of granting life peer wt t h e t sound h a tm ight constitutionalb eabused. principle it was not was one that might be abused in difficult and trou r was yß w ‘pi la o en important subjoctemight come up for blons t g im ir e e s. ao npooststibole to say discussion, and the passions of men might be excited. Un scrupulous men might again become Ministers ; arbitrary monarchs desirous to extend their power might again sit upon the throne. He conjured the house not to place in their hands this formidable means of attaining their ends. The noble earl, who was nearly inaudible during the latter part cf his speech, concluded by moving that the committee do agree to the following report :—" The com mittee has, as directed by the house, examined and con sidered the copy of the letters patent purporting to create the Right Hon. Sir James Parke, Knight, a Baron of the United Kingdom for life; and they report it as their opinion that neither the said letters patent nor the said letters patent with the usual writ of summons issued in pursuance thereof, can entitle the grantee therein named to sit and vote in Parliament." Earl GREY said he was induced to make the motion of which he had given notice from a strong sense of the dan gers which would attend the adoption of the motion made by the noble and learned lord. Though he could not say that the noble and learned lord had convinced him upon the legal point, yet ho admitted that the house had prac tically decided that question by going into com mittee, and he should not seek to induce them to rescind that decision. But even if he admitted that the prerogative had in this crow beau improperly exercised, still that would not affurd .2 all i 0 all .6f 14i .6'? , 8 It. 100 .11 all ;t. 100 tt. 100 :0 16 .0 5 lt' 106 iO all l 0 all !F all it. 100 2 , 325 , .0 1 it. WO it. 100 5 1 all ft. 11.00 3 It. 1100 100 100 8 all 8 all tlOO 5 211 5 15 50 13 St. (10 St. 100 10 3: IN !O 17i :0 al . 0 all 0 1 IL 110 ?,(1 8 St. 100 it. 130 SL 100 5.0 S. 20 16 1 , 5 ai t. 1N; t. tOr , 5 j I an i 0 I nll Kll .0 all 20 I q. 1.1 20 all 83 r! 10 all !O all 6 all !,0 all 5 7i i i i 941 6 51 8O 791 80 1241 59 i if I 821 2 97i I.ola 2 11 j92i i 3 2i xi 60 41 GI% 73 2J 71 i x d all all 100 1.00 all 11)0 i 8 Do.. Wilta&gomrst .PREFE Aberdeen Do. N 0.2, 7 p. c... Do. Debentures Myth and Tyne 10 poi c. pref. (issd.Q.tsol Bris. & Ex. 4 p., c. St. Do, 4 p. c. Shares Caledonian £lO 'Mee. &Tio. Coln. 5 pc Do. do. Prof. No. 2. Do. do. Pref. No. 2 Cork &Bandons Duri.Prth .& Aher.J. E. Anglian Cls. A Sh Do. do. Cis. B 6 p. c. Do. do Cis. C 7 p. e. Eas. Co. , spc 1 4 7 o. Do. No. 2 Do. Now 6 p. c. St. East Cu., ; Gt. 6 p. c Do. 51., 10 per cent Do. 10/. Dclientr.Sh. Do. do. 4 per cent... East Lan cash. 6 p. cts F..kW. York. J. stl, Wile. & (41. 5 p.c. sh. M. Prth.&Dun.4p.e Furness hiss. &,5.W.G.5 P.C Great Northn. 5 p. c Do. 5 p. c. Redeem. at 10 p. c. prem... Do. 41 p. e Do. 5 p.c. Scrip, Red at 5 p. c. 'R.N. of Scot. IstPre ht. S. !I W. (Ireland, Do. 4 par c. Prof. S at. W.(B.`kr.ll.Fxl pe Do. con. red. 4i p.c. Do. con. red. 4 P.C. Do. irred. 4p. a. Do. 5 p. c. red. pref Do. do. do. Do. Birm. Pref. 511 Do, Chester S p. c. Do. do. 5 p. c, do Do. Birm. Gua. Stk Do. Ches. Gua. Sh Do. do. do Do. do. do f,an. &York. F. £2 , Do. 6 p. a. Stock Lon. ,g 2., Brigh. G.sp.e Do. Prof., 5 p. c. St. Do. New G nar.6 p. c Do. do. 5 per cent . Lon. &N. W., Coy. Nuneaton 5 p. at Lon.& S. W. 7 per ct Load T. k Color. Sh Lowly. & Enni s. l Si , / Do, £6 •Tarypt.&Ca.rl.4p !10. 41 per cent...... !:+0 NI id. Consol.6 p.c St Do. Con. 71r.:":r.1 pc Do. 4 p. o. Pref. S Do. l'ref. per cat Do. 51. Pref. 4 p. o. Ditto L. R.; IL Prof. S New., Aber., &c., pr. sp. c. red. 5 p c,pip Norfolk Dehootto , . Do.Praf. 4p. c. St ck 1)o. 5 p.c. Ext .139. b 6 per oz. prer Do. Way. Val. 5 p. c ,NOrth British N. F..llcrw, 4 p.c P Do, do. do Do Leeds 6 p.c •.No. • De. do. Quarters Do.YorkW,& s. Pm' ; North Starfordshin , ; 0 2 01. 7 0.y.W ire ip; ',Do It. Pref. 101. Sh. Scot. Cent. ,Now Pre ;South Devon Do. fixed, 4i per cen', SS. Eastern (Readiot. Ann.) of £1 Os. 6.1. 100 ;Do. 4 1 , per cent 100 !Do. Fixed p a sh 100 S. Wales Gua. 4p, c all .Do. do. 4i p. 0...... all iS.Yorksh.4p.c.Guar. all iStock. & Dar. , 5 p. c. 15 ,Do. do. do. all Stock. & Ilartl. g. P. O. till July 1, 's'.; 4i aterid. & Kilk.6 pc 61.1 N ES. 1 all I igni, Fria ...... ..... .• ..• ••• 1 all 1 luglo Anstrin. Gold . . . 10s all f Anglo Californian .l i 20 6 3 / 4 ' thstralian. . . A $ 1 all %ustralian Cordiller. ... .. 1 all \.vo Mari , .. ••• 1 all Baden (Ga.Duelly of ... ... 50 , all B)teuar. Iron & Cea' ... ... 20 14 British Iron 3 5 35 26 Brazilianlmp.(issue , ' at In pm.) 30 all Do. Cocaes k CulalE 2 1. 3 / 4 251 20 15 Do. St. John Del Re 7 26 28 1 I 1 Clarendon Cons. Mir. Co. of Jamaica C 6 -- L e 67 41 all - ,tobre Copper 5 1 colonial Gold — ... St. all ')opper Min. of ling 36 40 25 all Do. Prof. 7 3 / 4 p. erm! 26 28 ... 1C iopinpo. 22 ?4, 2 1 3 / 4 , !'ortuna. $ 1.1 20 I all len( :al l4 16 1 all ilt.NwrgetVeinßog i $ 41 ail ("rent Polanoth .... 11 21 5 all Gt Wheal Vor United 1 • id 1 all Liberty - 1 3 all Linares 6l 71 5 l 1/ Lnsitanian i I I 1 all Nlariquita ........ ..... : 1; 1 1 all Now Granada 4 5 It i 1 all Nouveau Monde 20 all Pontgi.Sil.& Le. Min. 12 14 5 1 Port Philip — ... 1 all , 4nartz Rock k i 50 I all Rhymney Iron l9 91 I d 15 all Do. New 6 8 a d 30 13z iantiago de Cuba.. 21 3 ... 6s. Sort. Cons. Min. Co 3 3 / 4 --4 na l a d 1 all ;oath Australian a a 1 all Do. Scrip $ - 11 1 i Do. 10 per cent Pref ... ... ... 41 Tam. S. &L. Min. Co. ... ... 10 i 9 Pin Croft . 41 ---4 i United all Unib, Mexican '. 31 3i 3 1 1 all Waller A all West Mariposa i 1, 1 1 12e. Worthing Mining 01 Australia - 1 sill Vuba • MISCELLANEOUS. :,5 19 Australian Agrie-Alt. 25 26 r ~11 Aus:;raln. Royal Mail .. ..„ 10 all Berlin Water Works 6) 74 50 40 Brit. American Land 47 50 1C N 1 32 3 / 4 Canada . 127 132 . 1:10 st. 10,1 O. Go .6p. c. Jar jk7aly ;1..8 - 109 108/ st, 400 Po. 6 p.c. Feb & Aug 106 loi St. 100 Do. 6p. c. Mar & Sept 10 ill 5 all Crysta, Palace 2l 2 6 5 all Do. Preferenc e 4l 54 5 4 all Crystal Pal. of France ... ... 1 l) 13 , r, 5 all En.&Aus Cop S m Co 1 11 25 all Electric Telegrap h l9l 201 Eastern I T s r t o e n am O . r . e ..... . ... 20 1 all Electric Teleg. of Ir. ... .•• 5 all Gen. Iron Se Collier ... - ... 15 14 (len. Steam Navigat. ... ... 18 all General Screw Steam ... •—• ... 17 20 10 Irish Beetroot 5,-gar ... ... 4 all Lond. Gen. Omnibus 31 :- 41 20 10 Magdalena St. Navig .. ••• 10 all Mediteran. Elec. Tel. 8 10 10 9 Mexican&S.Amerion. 51 —5/ 1 all Nat. Pat. Steam Fuel ... ... 10 5 Netherlands Land._ 1 1 10 all Do. Do. 5 2 Do. 8p c P iss at 1 d 3 / 4 id 100 80 New B. & N.S. Laud 18 22 I all N. B. Australasian $ 1 20 15 Nrth. of EuropoStaa.rs ... ... 15 1 all Oriental Gas ll 11 1 2s. Do. " New Shares" ... ... pm & all Peel Rr. Ld. & Mimi. 2,1 21 50 all Peninsular& Oriental ... ... 50 10 Do. New 2 all Portland Iron Co ... ... 100 60 Royal Mail Steam 1 all Scot. Austral. Inveat ll li 1 1 Ditto New i iP 25 an South Austral.iand 351 $6l 351 5 i t all Submar. Tel. Scrip — 1 CO all , uo. Registered. i i i 1-, 5 - Crust& L.Co.U.Can. .... ... 1 0( 1 281 Wan Dieensn'' i.no 15 16 1., its ViCto.6p,coAutauly „. 2 „ , St. St. St. 25 100 all 100 100 100 'too 100 100 100 jtoo Roo 16'4 5 St. 10 20 12i 25 20 1.0.61 100 100 lop 100 too a sufficient ground for the adoption of the noble and learned lord's resolution, unless it was clearly proved to be dis tinctly illegal. That was the only issue raised by his reso lution. Now there was the greatest possible difference be tween an unlawful act and the wrongful exercise of an existing prerogative. The arguments that rested on the inexpediency of reviving an obsolete prerogative in the creation of life peers, went strongly in favour of c ens uring the act of th e Mi n i s t ers . B u t they - dia not go for anything in support of the resolution before the house. But had the noble and learned lord proved that the creation of this life peerage was clearly in excess of the prerogative ? He thought this had not.been done. In the first place, there was a consistent stream of legal authorities to that of Lord Redesdale, all tending to show that this power was in the hands of the Crown ; and it did appear a most extraordi nary way of destroyin g these authorities to tell the house that they came to nothing because they all blindly followed Lord Coke. He thought this could hardly be said of such men as Selden, Blackstone, and Lord Redesdale, particularly of the latter, to whom the house referred the consideration of the question of the " dignity of a peer." And yet Lord Redesdale, in the elaborate report which he wrote on the subject, assumed the fact of the power of the Crown to make such a creation as it h a d d one i n this case. Then, if they looked to analogy, there was the strongest reason to suppose that the Crown had the right to create a peerage for life. It possessed the right to create peerages in fee and tail, and also in remainder. Now, in the latter case there were two grants; one to a man for life, the other in reversion to a second person. Now, surely if it was lawful to grant the particular estate and the re version at the same time, surely it was also lawful to grant the particular life estate without any remainder. Then it was admitted that peerages had been granted for life in a great number of cases. No doubt many of the later cases were to women, who could not sit in Parliament. Brit it was rather too strong a conclusion to draw from this that no person who had only a peerage for life granted to him could not take hi s sea t in Parliament. Peerages were granted for life without contest up to the reign of George 11. Two of them were summoned to the coronation of George 11. Now it must be proved, in order to discard those creations as precedents in the present ease, that if these patents had been filled up in the name of a man in stead of a woman that would not have entitled him to sit in Parliament. But this had not been done. He admitted that the life peerages at an early date could not be quoted ' as precedents, because they were in many eases conferred with the assent of Parliament. He did not think that this had been proved in all cases. For.instance, notwithstand ing the ingenious argument of the noble and learned lord with the patent in the case of Sir R. Cornewall before bins, in which there was no remainder to heirs, he could not come to any other conclusion but that the Crown had then the power to create a peerage for life. "Until the com mencement of the present controversy, with the exception of the anonymous note to Coke upon Lyttleton, there was not an authority to show that there h a d k een doubt cast upon the Crown's possession of this prerogative. . Indeed, ever since this controversy had arisen, none of the noble and' earned lords opposite had ventured to assert in so many words that this creation was in eicess of the pre rogative. Indeed Lord Lyndhurst, both in his former speech and in that he had just delivered, had studiously abstained from giving a positive opinion upon the point. Lord Campbell was equally dubious ; and Lord Brougham stated that he inclined to the opinion that in point of strict law the Crown had such a power. That being the case, let them look to the arguments that were relied on to esta blish the invalidity of the patent. They all rested either upon the non-exorcise of the power, or upon the assump. ' tint' that an hereditary character was of the very essence of the peerage. Now he could not think that, under the cir cumstances of the. exercise of the power up to the timeof George 11., mere subsequent disuse could deprive the Crown of it. Tice second argument was a mere assumption, for which no authority bad been given. He did not ask the house to assert the validity of the patent, and the desirability of granting it. All that he asked was to come to the deter mination that it was not right, on doubtful and uncertain grounds, to refuse to admit the exercise of the prerogative of the Crown; and to decide on their authority against the right of Lord Wensleydale to take his seat. Let them con sider how great were the difficulties in which they might involve themselves by adopting the resolution of Lord Lyndhurst. Let them beware how they incurred the re proach of stretching their privileges and their authority beyond their just bounds. That house was most deeply interested in maintaining the authority of prescription ; and in attacking the prerogative of the Crown on this ques tion they might be laying the fonunation for assaults on their own power. The House of Commons had always shown great jealousy of any encroachments on behalf of the Ileuie of Peers. It was not impossible that a collision be tween the two houses might be the result, if the lower house thought the upper was endeavouring to extend its privi leges. Before he concluded there was one point to which he must advert. He would entreat their lordships to reflect upon the great danger that would result from rejecting Baron Wensleydale when he offered himself, upon the grounds that had been argued for during that debate. If it had been put upon a clear ease of law, if it, had been like that case in which a writ of sumniona had been directed to a person who was clearly disqualified—it would have been an entirely different thing. In this case, however, a much larger authority had been assumed. The danger was the greater because, if he understood aright the noble and learned lord who: had introduced the motion, he did not deny the prerogative, butiiisputed its exercise. If this prin ciple were affirmed, it might be argued another time that too many hereditary peers were created, and the house might interfere to prevent the extension. If such a course wore adopted, it would mike that house an irresponsible and uncontrollable authority. (Hear.) If that doctrine be came established, the constitution would bo destroyed, and the most serious consequences would follow. He thought such a course ought not to be adopted ...unless their lord ships were firmly convinced that the act which had been done was beyond the stlict legal power of the Crown. The noble girl concluded by moving the following amendment: —" That the highest legal authorities having concurred in declaring the Crown to possess the power of creating peer ages for life, and this power having in some cases been exercised in formes times, the House of Lords would not be justified in assuming the illegality of the patent creat ing the Right Hon. Sir James Parke Baron Wensleydale for life, and in refusing upon that assumption to permit him to take his seat as a peer." q g y l t inaw:l,gl Ti retotosh e ihftpoeye E tea hers,pahero: eliiint tsis S noe, tti iiTeetosb) discussed.e rine Et e, idrrroa o eftitn l ry koe E ae rubu i eo r Ht l uffeoott i er: f heoasue t gtc h , tireig i l ohe s rtoekiht w staehott e dlo r ta,ut e tie. hihs tote o e::, n oiucgo l ufgoa n y motithuhel rdtoaloesfbceththe hagnheoaearayyetrt.l M rs n. f r ter l e uhi r otels e nt. :n eu r eTn s eleaiiinsrtehsli unwisely reviving tan : uiges p eta r prerogative afterffeatr(settuir Go vernment e a het k l e e l itni doubtfulhae,n: d, fie actedier :gi) preroga tive which, if it were not invalid, was equal. after the lapse of so long a time, to creating new powers. There could he no doubt that there was a power in the Crown to refuse the royal assent to bills that had passed both houses of Pei- Hainaut, and that power had undoubtedly been exerci-ed. Clear and certain as ho admitted this privileee to be, would it not be dangerous for her Majesty's Ministers now to advise the Crown to refuse assent to bills which had paesed both houses of Parliament? The privilege now claimed had been in abeyance more than 400 years. and far all practical purposes it had fallen into disuse. Therefore, he thought, there were sufficient grounds for supporting the motion of the noble and learned lord (Lord Lyndhurst). He could go so far with the noble lord opposite (Lord Grey) as to say that if life peerages could be guarded from abuse au.l limited in number, they might be useful, bin still, he thought, independence was a necessary adjunct of the peerage, as.d if indigent peerages were created it would no doubt lose its independence. (hear, hear). He had admitted that, under certain liwitatiens, life-peerages might be useful. Why then did he object to the patent of Baron Wensleydale? Simply because he thought the power given to the Ministers of the Crown in overruling the decisions of that house greatly preponderated over any advantage that might ho received. (Hear, hear). With such power in his hands a minister might in each case argue that he was not committing a permanent, but merely a temporary inconvenience. If a minister created ten or twelve peers, another minister might create ten or twelve more to counterbalance their influence, and a third might create another batch to overrule the influence of the last, and so the greatest puesiblo inconvenience must arise, (Hoar, hear). He hot the greatest respect for the late Earl Grey, hut ho thought the threatened precedent of 1832 suggested the moat serious doubts as to the policy of such a movement. If Lord Grey did not adopt that course, must it not have been because he entertained the most serious doubts as to the legality of such a course ? Ho thought that such au act could only be justified by extreme exigency, and he trusted their lordships would resist the granting of any facilities for tho creation of.euch peerages. He thought their lordships might well consider whether or not the motion of the noble and learned law lord afforded them the greatest security ; and if he came to the propo sition of the noble lord opposite (Earl Grey), he found only a weak protest, and no security in the misty haze of that amendment. As he had before stated, he should have no objection to life peerages if they could be limited in num ber, or if the qualifications of the persons admitted could be secured. But still he thought it was the duty of their lord ships to do all they could to avert the threatened evil, for any large extension of life peerages would soon entirely alter the constitution of their lordships' house. In almost all States the difficulty had been not with the elective but with the higher chamber, and be might add, that in almost every State statesmen had come to the conclusion r ee e eg t r h teh e a l et r hsta l i o hi r jw. ( e l : a r t p o s i. t Ht b h e ee that a house of peers could not be made at once, but that it H hoe could , could h never said, createm ak e 4 a o n n ew ou se se na a - f C soa o pi t i l dn l d it,h, o n a n to l o nly grow. h g teh r o eH w o . u House lie Ehnperore would N a p LordsJ a w y wa b ns e f tl o h. t tELoonrrgsdl i n Fr a nce , s. That c ans nt w ict a en s , t t ib h un e opinion of Napoleon 1., as chronicled by Lcrd Ehrington in 1814. If the system which her Ma• i es ty's Government hal now introduced w ere a ll o wed, it - would be dangerous, unless securities were taken against its abuse; and unless such securities were given be should give his vete in favieur of the resolution of the noble and learned lord. He did not think the appellate jurisdiction of that house was in a satisfactory state, but three were several means of improving it without the dangerous blow to their lordships' life peerages. He thought the sys tem of lay peers was a mockery and a farce, and it was not good for the dignity of their lordships house to maintain it. He should vote for the resolutions of his noble and learned friend, to whom he thought their lordships owed a deep debt of gratitude. There was no other instance of a statesman past four score being able to take such a part in public affairs, and he hoped that he would yet be spared for years to do so. ARGYLL ss simply thataid t the etheorebjeccetheoef tthhee creTalt)ieonDuokfe of this peerage no conception t writers, from appellate tutional question. They found all a jurisdiction w whatever eort that a t house. they w T e r h e a r Govern eata g o n o t n h s a t a d he e N af ay tila m l o ag re a , l send to the authorities in that house, who were now p they y d downwards,wtake supported hy is ie fa j v u o d u gm r oefutthogefrre manyo been consulted. That law officers of the Crown not having from men who had e in T he h t e e y nt w i e n re ev n e o r t y objection Gov nm e m u t m . Swtirtehssa veryhad gradbbeeetanlaid upon n th fact of the to consider matters of liament only, but a discussingt a t night a r e policy.f ue d tos Theyei. o n n g s r u i v i t ha dar as h rg ihg g th e , constitutional right. T hat :riot as peers o f p ar- Th e cot.latitt.utiori t o h f e t u bi a s .t co d unty wan' not written, like United S ta tes. The what was the meaning ition hare was the very air we breathed. Now, as to e c f o t ii h s e tat e u em io m n it o tee, of the word "purporting in the resolution? Why, it showed that they threw a doubt on the legality of the patent, and had no reference to the right of a seat in that threw suspicion upon the pro etresptirtLeedintgbse c h e o e u d s i e n . g T s hofistlinosehinsoobpliensionnd, learned lords who supported the noble and learned lord opposite (Lord Lyndhurst); Now he believed that no such consequences would flow from this measure as were anticipated by the Lord Chief Justice, namely, that in future no lawyer would be created an hereditary peer. They ought to come to a conclusion upon simply upon the law and upon precedeut:tll et thiseey invalidity.hueete ht:ec noble lords opposite failed to make ou the Tali the patent, but they did not dispute , 100 100 100 20 20 to 20 ' 50 100 50 100 100 100 20 9 i i 70 g 76i I 103 if 26 5& 9 39i 4 St gi