The Sun. — London, England, 1864-06-03 00:00:00

'ERIAL PARLIAMENT HOUSE OF LORDS—Last Evening. The LORD CHANCELLOR took his seat on the woolsack at 5 o'clock. DEFENCE OF THE BRISTOL CHANNEL. Lord PORTMAN asked what had been done with respect to the fortifications on the coast of the Bristol Channel. Earl DE GREY and RIPON said negotiations were now being carried on by her Majesty's Government, sites at several points had already been purchased, and a grant would be moved for in the House of Commons as soon as it was necessary. PRIVATE BUSINESS. The Liverpool and London Fire and Life Insurance and Globe Insurance Companies—Wrexham, Wold, and Con nah's Quay Rtilway-31..rsey Docks and Harbour Road— Okehatopton Railway—North and t 4 outh Western Junc tion Railway --Wallasey Einbanktnent—Royston and Hitchin Railway—North-Western Railway—NottinOiam Gas—and Midland Railway (Chesterfield to Sheffield) Bills were read a sec nd time. The Ardro,san H.r'oour Borough Ferry Road—Caledo- Lien Railway—E tat and West Junction Railway--South Yorkshire Railway —and River Dan Company Bills were read a third time and passed. CIRCASSIA. Lord STRATFORD de REDCLIFFE asked whether the Secretary of Foreign AffAirs had any information to give the house respecting the many deaths which had taken place amongst the Circessittns on their way from their own country to Turkey, flying from the persecution of the Rua sians ? Earl RUSSELL replied that he had no doubt great mortality had occurred amongst those unfortunate emi grants. He would lay upon the table of the house such papery as he could gather, calculated to give their lordships the information asked for. MO itTGA.GE DEBENTURE BILL. Lord UEDESDALE moved their lordships go into committee on this bill, the object of which was to enable public companies to lend mon e y on l an d on mortgage. The subject had b een considered in committee as a private bill, but it had been thought desirable to bring in a public bill on the subject rather than give such power by a private bill. The mea sure enacted that all the securities taken under the bill be registered as securities on real property. Lord PORTMAN thought several amendments were required in the various clauses. Earl GREY said the VII had been very carefully consi dered by the committee to which it had been referred. His noble friend Lord Portman) had mistaken the object of the measure, which was solely to enable the owners of money on the one hand and the owners of land on the other to enter into arrangements for their mutual benefit. It was well known that a large extent of land was lying waste, be cause its owners had not money to work it. Now, this bill would enable the owners to surmount that state of things by raising money for the object required. Lord OVERSTONE agreed with the noble lord who had just sat down, in thinking it desirable that every . facility should be given to landowners to pro cure money for the purpose of working the land, but he thought it very essential that Parlia ment should watch very narrowly to see that it did not indirectly sanction the maintenance of concerns that by other statutes had been condemned. He objected to the securities being called mortgage debentures—they were no such thing; they were merely acknowledgments of debt. The Duke of MARLBOROUGH contended that these debentures would be in fact a mortgage, and would give their holders an equal security as a charge upon the land. Holders of these debentures would also possess an additional security in the company's guarantee fund, and in its nn called up capital. The profi t s of the company would arise not merely from the difference between the rate of interest at which they borrowed and that at which they lent, but also from commissions on the transac'ions which they nego tiated. No money would be advanced except upon the re port of a competent valuer, and he could not therefore ad mit that there was any reasonable doubt as to the perfect safety nor as to the legitimate character of the business which they were likely to carry on. The LORD CHANCELLOR said that thie bill proposed to authorise trustees who were now empowered to invest money in stocks, shares, and mortgages, to invest it in future in their land debentures. If this was done, due care mast be taken that an excessive sum was ?Sot an vanced— that a sufficient margin was left to cover any decline in the value of the land on the security of which it was ad vanced, and that the provisions of the bill were made appli cable only to trusts hereafter to be created. But he doubted whether, even under these restrictions, such a power should be given. These debentures would not give their holders any specific right to any security held by the company. They would only entitle them to claim generally against the property of the company, and under these circumstances he must say that he thought it would be objectionable even to empower the trustees of future trusts to invest their money in these securities. After some observations from the Earl of DONOUGIMORE and Lord REDESDALE, The house went into committee. Lord FORTMAN moved the omission of the 32d clause, empowering' the investment of trust funds in hind debeu . tures. After some discussion the clause was struck out, it being understood that another clause, having simply a prospec tive operation, would be brought up on the report, The bill then passed through committee. The Eczlesiastical Courts and Registers (Ireland) Bill was read a second time. The Summary Procedure (Scotland) Bill was read a second time. A bill on the Oyster Fisheries was read a first time. Their lordships then adjourned. HOUSE OP COMMONS—Last Evening. The SPEAKER took the chair at four o'clock. PRIVATE BUSINESS. The following bills were read a third time and passed : Cried and Methven Junction and Branch Railway—Kirk cudbright S.ewartry Roads—Londcn, Brighton, and South Coast Railway (Additional Powcr.)— Wallasey Improve ment (A Verbal Amendment to be proposed.) BELFAST IMPROVEMENT (No. 2) BILL. On the motion for the consideration ot this bill, Mr. MAGUIRE moved that such consideration should be postponed for a week. He accused the corporation of Belfast of having, in reference to this bill, raised money under false pretences, they having obtained money for a specific purpose to which it was never applied. They brought forward a bill in 1857 and another in 1858, both of which were negatived. A Commission wits then ap• pointed, but the inquiry was limited to financial matters, and did not embrace the subject of the grievances of which those whose interests he advocated com plained. The bill was, in fact, an attempt to obtain indemnity from the corporation of Bel fast tor their, m isconduct, a n d one ot t h e grave c h arges against that Jody was that they had perverted tne funds entrusted to their charg e to p o li t i cal purposes. If the de lay he proposed were acceded t o, it would enable certain referees to meet and give the. result of their deliberations. Sir C O'LOGIILIN seconded the uaoti„ . Sir 11. CAIRNS said that the bon cuembe,r (Mr Maguire) did represent the constituency of Behest, and he was grossly misled by the statements ht. had h, ard, and , da whicn be fouuded his amendment. In a town of 150,030 inhabitants therenever was greater unanimity than tbatdisplayed by par. ties of all shades of opinion in favour of this bill. Re de fenJel the conclusion s arrived at by the committee, which, from its constitution, was ab ove reproach, and which had investigated the whole subject with the greatest care aad atten Tian. Sir C. O'LOGHLEN said he had no desire to defeat the bill by delay, but he thought bEneat would result from the adoption of the hon. and learned member for Dungan non (Mr Maguire), so that the house would be in a t,ett4r position to determine the merits of this bill. An agree ment had been made between the promoters ar.d oppo nents of the bill to refer it to arbitration, whi,h was pending, and ht tt gated the house would not sanction the violation of that agreement by allowing, the bill to be bur• lied on premature!tj to a third reading. Mr. CARDWELL said that the subject had been re ferred to him some time back. It appeared that some years a t i-o, when feeling ran high in Belfast, tho corporation of that town were accused of misappropriation of funds. Ile strongly condemned the idea of indemnity being withheld from the corporation of Belfast. After some farther discussion the house divided, when the numbers were— For the motion Against .--167 Majority The report Was accordingly agreed to, and ordered to be read a third time, CONSTRUCTION OF SHIPS FOR THE ROYAL NAVY. Sir F. SMITH gave notice that on an early day he would move that an harnble addres s be presented to her Majesty for a commission to inquire into and report upon the vari oils systems i n operation for the construction of ships for the Royal Navy, with a view to the adoption of the best sTstem. (Hear, hear.) MEAL AND GRAIN POISON BILL. Mr H. BERKELEY gave notice that he Would move for an amendment and alteration of the provisions of this bill. NAVAL ARCHITECTURE. Mr. A. SMITH asked the Vice President of the Com mittee of Council on Education whether an amended report had been received by his department trout the institutio n of naval architects recommending the establi,thment of a schocl of naval architecture at Kensington; and whether he would lay the same upon the table of the 'house. Mr. BRUCE raid that no further report •on the subject had been' received, but a correspondence -was go ing on which at its completion would be !Lila before Parliamen t. THE HUDSON BAY TERRITORY. Mr A. MILLS asked the Secretary of State for the Colo_ nies whether her Majesty's Government exercised at the pre.. sent moment any control over the territory claimed by the Iladsott's Bay Company, and stated, in their prospectus THE CONVICT WHITE. In reply to an Hon. MEMBER, Sir G. GREY said that his attention hal been called to the subject, and he had received a letter from Mr Payne on the subject, and it appeared that the party convicted had been sentenced to fiva years' penal servitude, and had been a very abandoned criminal. He defended the conduct of Mr. Payne in his judicial character. ACCI ENT FROM ARTILLERY PRACTICE. Sir M. LOPES asked the Under Secretary of State for War, whether his attention had been called to the fatal accident which has recently taken place from artillery practice in Plymouth Sound; and what measures he pro pose to recommend in order to prevent the repetition of so painful a dit,aster. The 111arqu aof HARTING ON said that unfortunately the accident alluded to had occurred, and instructi, ns were given that the artillery practice should be suspended until the report had been received. ENDOWED SCIIOOLS. On the motion that the orders of the day should be left till after the notice of motion relative to education, ADDERLEY moved—" That this house, having considered the Minute of Council of the 11th of March, 18'4, on endowed schools, is of opinion that it does not meet the objections made to the minute of the 19th of May, 1.63." Having described the effects of these minutes, he di,•cussed various matters of detail, and examined the prin ciple which had been laid down by Mr Lowe for the distri bution of the Parliamentehy grant, which made it an elee mosynary fund, and placed the distributor in the condition of a relieving officer; centending that the right principle was the very reverse of this. He considered the different kinds of endowment, and insisted that the claims of en dowed and unenclowed schools might be reconciled with out any injustice or confiscation, and that the distribu tion should be on fixed conditions. Mr. WALTER observed that the principle at issue be tween Mr Adderley and himself was really very limited. The question was whether endowments were to be consi dered of the nature of public property, applicable to cer tain purposes, in the hands of ttustees ; or of the nature of private subscriptions, and to be reckoned as such. He cited cases of large endowments and small subscriptions where the schools had received Government grants, and should on principle oppose, he said, in the distribution of the grant, the respecting of endowments, whether large or small. Mr BRUCE explained very fully the views of the com mittee of the Privy Council on this subject, and the effect and operation cf the minute of March. It was the dea:re of the committee not to blunt the edge of voluntary efforts, while it was their bounden duty, where money was not required, to hold their hand. He opposed the resolution. Upon a division the motion was negatived by 119 to 111. SELECT COMMITTEE ON EDUCATION (INSPECTORS' RE PO RTS). The adjourned debate on Lord PALMERSTON'S motion for the nomination of the Select Committee (of 15 members) on Education (Inspectors' Reports), with the amendment moved by Mr, CLAY, " that the Committee do consist Of five members, to be nominated by the General Committee of Selection," was thin resumed. Mr. BOUVERIE, in supporting the amendment, sug gested that to the five members nominated by the General Committee two members bhoutd be added, to sit only as assessors. This suggestion introduced a new element of discussi n ; It was approved by the CHANCELLOR of the EXCHEQUER and opposed by Mr. DISRAELI, as taking the house by surprise. After considerable discussion, Mr. CLAY'S amendment was agreed to. Mr. BOUVERIE then moved that two other members, to be nominated by the General Committee of Selection, be appointed to sit on the select committee, without the power of voting. This motion was agreed to. COURT OF CHANCERY (IRELAND) BILL. On the order for the second reading of this bill. Mr. LONGFIELD moved to defer the second reading for tlii ee months. He gave a long history of the inquiries into the Irish Court of Chance=ry, and of the reforms effected in its system, and took exception to the constitution of the Royal C.,uanission, on whose recommendations the present bill was framed, which was appointed, he said, in order to give effect to a preconceived determination. Ho °Ejected to the changes proposed by this bill, which were unnecessary as well as costly, adding ten officers to the judicial staff at an expense to the country of £12,000 a year. Mr. VANCE seconded the amendment. Mr, O'HAGAN, referring to the exposition he had given of the object and machinery of the bill when he obtained leave to introduce it,proceeded to reply to the observations, some of a general and others of a pars icular character, made by Mr. Longfield, remarking that the measure in all . its p , rts had been recommended by commissions of the highest authority, and that the changes it proposed had been for some time in operation in England, with the approba tion of the profession and the people of this country. He vindicated the competency and impartialiq of the members of the Commission, to the constitution of which Mr Longfleld had excepted, justifying their recommenda tions. He denied that, by the till, either the number of judges was incl.( ased or the expense. The only new offices created were a Vice chancellor and three clerks, while three Masters in Chancery would be abolished, and ulti mately there would be a saving to the country of £1,500 a year. Mr WHITESIDE, in a speech of considerable length, discussed the evidence collected in the several inquiries into the constitution and practices of the Court, bearing upon the main portions of the bill—those relating to the demo lition of what he deemed most useful offices, and the crea tion of new ones ; to the new form of procedure, this por tion of the bill being, he said, very clumsily drawn, and to the cost. The abolition of the masters, which had given, he said, great satisfaction to suitors, he thought, was as well es the introduction of chief clerks, a mistake; the proposed new form of procedure, instead of the present simple form, was a retrograde step; there was no evidence to show that one Vice Chancellor and the staff would suffice to dispose of the business; and, though Mr O'Hagan had stated only the place that would be created, he (Mr Whiteside) sug gested the places that might be created he was assured would be created.. Lastly, he considered the bill that would have to be paid for these questionable reforms he estimated at upwards of £13,000 a year to begin with. The ATTO RN EY-G E NERAL replied to Mr Whiteside, who, he s id, had in 1556 brought in a bill to abolish the readers, and to appoint not one Vice-Chancellor, law. three Vice-Chancellors, in the Court of Ireland, and to introduce the system of chief clerks. He read opinions of r,fficers of that court in favour of the assimilation of its system and practice to those of the English. Court, and urged the house not to be led away by the arguments of Mr Whiteside. Mr. GEORGI detf-nded the course taken by Mr. White side iv 1856, which, he said, had been m:srepresentecl by the Attorney-General. He opposed the second reading of the bill. Mr. SCULLY klupported the principle of the bill, which was opposed by Mr. S. Fifz-gerald as a wrong one. Mr. MALINS WAS not satisfi.d by the tirginnents of Mr. Whitt side that the bill should be opposed. The arrendrasnt was withdiawn, and . the bill was read a second time. The Court of Queen's Bonch (Ireland) Bill was likewise read a second time, Tne report of the Committee of Supply was brought up and agreed to. The remaining business having been disposed of. the house adjourned at 20 minutes past 1 o'clock. limiDLY POSSIBLE ! EVEN AS A SPECIMEN OF SP URG EtINISII.-- M r Spurgeon n ied by Sever t l e o t f o h w i n s f o r f ien ß d u s ry 7 hSet. has recently been pre}ichin g i n magnificent chur c h of vEisdinitedantdh'se. w e A I l c e k o n m o tt n - St. Mary's, when the following ele gant colloquy took l P ace. Mr thus Spurgeon , seating himself on a free bench, add ressed the Church Scripture reader :—Mr 'Spurgeo n —. D 0 you allow smokin g h ere ?" thought 3,,,u spittoon, sir I where where ?" Mr Scripture-reader — " What Can you mean, sir P'' Mr Spur • peon—" oh, did, as I see a spittoon. ° , Scripture-reader— rh:ad j er Spurgeon--" W hy, there (pointi ng to ts very beautiful full sized font, erect-d I - y the late Mr Cottinghani).o Scripture reader—" Spittoon, sir r' Mr S purgeon — 12 " Spittoo'-- yes, yes I" (Exit the Scripture-reader, indignant.) (Exeunt omnes, Spurgeon no doubt admirin g hi s own wit). —.Bury and Norwich Post. liver,Ea D and d aT a t t a o rxmacEhNTa.oinj—pCloaninautsm, la every St age, are only ag gravate all nervous, bili ous, 1 and accelerated by drugs of every description, but pertecdy curable by Du Barry's health restoring R evaienta Arabica Food, as proved by thousands of cases whi c h nad been considered hopeless. We quote a few.—Cure No. 52,919. Miss Lange, 18 years of age, cured after the medical men had abandoned all hopes of her recovery from the last stage of pulmonary consumption, with fearful cough, expectoration, exhaustion, spitting of blood, perspirations, hollow cheeks, emaciated to a skeleton. She is now, thank God, a perfectly healthy, blooming. fleshy girl.---N. Lange, Commissaire d e Police. Cure, No. 46,270. Mr. James Roberts, of lorimley Surrey, of .hirty years' diseased lunge, spittiml of blood, liver derangement. and partial deafness. —Cure, No. 47,121. Miss Elizabeth Jacobs, of extreme nervousness, indigestion, gatherings, low spirits, and nervous taacies.—Cure, No. 54,816. the Rev. James 'l'. Campbell, Fakenham, Norfolk, of indigestion and torpidity of the liver, which had resisted all medical treatment. In tins, 11b, 2s 9d ; 21b, 48 6,1; 61h, lie; 121 b, 225; 241 b, 40s. Barry du Barry and Ca.. No. 77, Regent-street, London ; also Fortnum and Mason ; and all grocers and chemists in every town of the United iiiag-dom LADVERTI9ESIENTI—HoIIoway aused by external vio ful remedy f or b a d l ege, w h et h er c 's Ointment is a wonder lence or resulting from cold, erysipelas, varicosevein s or rheumati sm . T he dee,est ulcerations of the flesh, gout , yiel d to the powers of this unguent with the same readiness and the same certa i nty as the simplest scratch or sl ightest in flammation of the skin. The heat and smarting of scalds end burns are checked at once by the soothing atplica tinn ' and the progress of the cure to the suff e r er ' s astonishment and delight, proceed s in its ' painless course. This impor tant fact should induce every one haviug the charge of children always to keep this pain-saving application within reach. Holloway's Ointment will spare the child torture and the mother anxiety, issued in July last, to comprise 1,400,000 square miles; and, I Visit of the Prince and Princess of Wales whether it was in contemplation to establish a crown colony to Cambridge. in any portion of this territory. ➢Tr. CARDWELL said that negotiations wet.. going on on the subject. The habitual repose of the ancient and learned town of Cambridge has been practically in abeyance since it was known that a visit from their Royal Highnesses the Prince and Princess of Wales was impending ; and the result shows that even a seat of learning when once it yields to pleasurable excite ment can pursue enjoyment with as keen a z,'-st, and abandon itself as fully to the events of the moment, as if it were not gray with the experience that be longs to the storehouse of centuries of wisdom, It is true that the occasion hardly possesses the same charm of novelty as before the late royal visit to Oxford, and that Cambridge, as a town, is wanting in much of that architectural grandeur which im presses every visitor to the sister university. But a royal visit to a university is one that can never fail to excite strong interest, especially where there is on every hand so rn.irked a desire to see and pour con gratulations on the Prince and Princess of Wales. Whatever may be wanting in mere externals in Cambridge is certainly made good by cordiality of sentiment. As to the earnest feeiing stirring the university through all the many grades of its thou sands of members no doubt whatever can exist, and in the manifestations of non-university residents the old rivalry of "town" and " gown" in its best sense is worthily maintained. If time, or indeed human energy, permitted the royal 'visitors to remain in Cambridge a week instead of the three days allotted to their visit, the entire period would doubtless be converted into a fete as brilliant as that during which it will be possible for them to remain. But to all things, even to public receptions, there is a limit, and the mere record of the proceedings in which their Royal Highnesses have already taken part, or are still to take part, would create fatigue in many an ordinary individual. At 1 o'clock yesterday afternoon the special train arrived at the railway terminus, conveying their Royal Highnesses and suite from London. The Prince and Princess of Wales were ac...ompanied by hi I R Highness the Duke of Cambridge, and at tended by Eirl Spencer, Lord Alfred Hervey, Lord Harris, the Countess of Morton, General Knollys, and the Equerry to his Royal Highness the Com mander-in-Chief. On alighting, the Royal party were received by the Earl of Hardwicke, Lord Lieutenant of the county, with some members of his family, and by the Duke of Manchester. Mili tary honours were tendered by the members of the University Volunteer Corp's, which marched to the station, and was drawn up on the platform for the purpose. The corps looked in its usual state of high efficiency, and the attention of his Royal Highness was drawn to the fact that every one of the officers and privates wore a small red and white riband as a mark of sympathy and respect. A mounted escort, consisting of the Duke of Manchester's regiment of cavalry, numbering nearly 200 men, waited outside to accompany the Royal party to Trinity Lodge. The scarlet uniforms, sombre helmets, and splendid horses of this corps made a very effective tableau in the court-yard of the station, and worthily heralded the public entry. In compliment to the occasion, also, the A division of police appeared for the first time in their new uniform, and by their admirable arrangements at all points contributed to the success of the spectacle. Both in the station itself and along the route of nearly two miles to the quarter where the Colleges are grouped the enthu siasm was very great. The houses, with few excep tions, were draped with flags or evergreens; in the pl a ces where vacant frontages existed stands had growd up filled with gaily-dressed spectators, flags fl oa t e d tom the different steeples, the bells rang out merrily, bright sunshine gave a finishing touch to the animation of the scene, and as regarded the enthusiasm of the g cZarS— " You would have thou7ht the very windows spake, So many greedy looks of young and old Through casements darted their desiring eyes." Tne procession turned aside through Lancefield road into Trumpington-street for the purpose of re ceiving an address of congratulation from the Mayor and Town Council, and just before it reached this point the horses belonging to one of the six Roya , carriages grew so uneasy that General Knollys and the gentleman by whom he was accompanied were obliged to get out anel walk the remainder of the distance. Time did not admit of the Corporation address being read, but the attention was briefly and gracefully acknowledged, and the Royal party moved on without lurtner delay, and as :east as the Dumpers and acclamations of spectators would per mit; to the great Court of Trinity College. For once, the turf, wnica ordinarily to touch is to profane, had to submit to the pressure of a dense multitude. The wide quadrangle was filled with dignitaries oi the College and their academical subordinates, and though the ladies present at the ceremony were sup posed to confine themselves to the rooms of their relatives and friends, there were many who seemed by grace especial to have acquired the coveted privi lege of gazing from a much nearer point upon the Princess, and who helped with the flame-coloured gowns or the doctors to give some relief to the ordinary gloominess of a collegiate assembly. Colleges are apt to stand stoutly upon precedent, and at one time it was imagined there might be a difficulty in admitting the cortege through the great " King's• Gateway" of Trinity, as none but crowned heeds of England had ever entered in state by that venerable porch. Even the late Prince Consort was compelled to make a detour and to enter the precincts by an approach venerable rather than savoury. Good taste, however, pre vailed in the present instance, and a bind adhesion to collegiate etiquette was not suffered to mar one of the most striking features in the reception. The Royal party, leaving their cavalry escort outside, hiving entered the quadrangle, filed pest the foun tain, and, passing before the steps leading to the great hall, alighted at Trinity Lodge, where they remained for a few moments, and then, reappe fir ing, were conducted to a very tasteful little plat form erected under a marquee beneath the shadow of the Enning:hall. To this point the Duke - of Devonshire (Ch.at cellar of the University), the Vice- Cnancellor (Dr. Cookson), the Heath of Houses, Professors and Members of the Senate proceeded in order to present a formal address to the Prince of Wales. In this document expression was given to the unfeigned gratification with which the visit of his Royal Highness, accompanied as he was by his illustrious Consort, was regarded by the University; the honour thus conferred was interrupted as a proof that his Royal Highness cherished a kindle remembrance of the period of his residence at Cam bridge ; a hope was ventured that the Priecess of Wales would always find pleasure in visiting places and scenes in which his Royal Highness felt an interest, and the address concluded with assurances of loyalty and welcome. line Prince read a short repy, in which he acknowledged the compliment paid him by the University, and assured the Heads of that body that in their address they had only done justice to his own feelings. He could not easily forget a period endeared to him by so many pleasant associations. The Princess was very sen sible of the cordiality of the welcome accorded to her, and equally with himself anticipated the great est pleasure from visiting the many objects of interest to be found in the University. A procession, headed by the dignitaries already enumerated, and consist ing of the Colleges in order of seniority, the divi sions between eace being very successfully indicated by the banners of the various boat clubs, then marched past the mei quee, each lowering its flag in Compliment to the Prince and Princess as it passed. As soon as the procession, closing with the officers of the Cambridge Town Volunteer Corps, had with drawn, the University Volunteers, who meanwhile had packed themselves away in the closest column known to military art, advanced in line as to the Her centre, with b ot h flanks thrown forward in front so as to form, when th e wor d was g i ven to ha l t an d front, a hollow square about the platform. ' ghness in pe rson then proceeded to deliver Royal Hr a very valuable list of prizes. Lieutenant-Colonel Baker had the honour o f receiving, in the first in stance, the challenge cup given by th e P r i nce of (to Wales, and Captain Ross whom two cups w e re presented for successiv e v i ctor i es), Lieutenant Bazeley, Ensign France, and ot h er members of the corps were similarly presented with prizes won in recent competitions. When the distribution had terminated, the Volunteers took up anew formation, and marched past, after which the distinguished party upen the platform re-entered Trinity Lodge and partook of some refreshment before proceeding to the Senate-house. Their departure was the sig nal for an outburst of cheering, such as is not often heard even in a University, exceeding all previous efforts upon their arrival, or during the progress of the proceedings in old Trinity. The Senate-house meanwhile filled rapidly, end long before 3 o'clock, the hour named for the con ferring of degrees, except in places especially re served, there was not standing room for another indi vidual. The body of the hall and galleries were, as usual, crowded with members of the University,and in the reserved seats places were set apart, among others, for the following :--The Duke and Duchess of Manchester, Earl of Powis, Viscount Palmer ston, Earl Granville, the Earl of Carnarvon, Duke of Rutland and Lady Adeliza Manners, Marquis Camden, Marquis and Marchioness of Carmarthen and Ladies Osborn (2), Marquis of Hartington, Earl of Morton, Earl Stanhope, Earl and Countess Fi , z william and Lady Frances and Laoy Mary Fitz william, Earl and Countess of Hard wicke, and Lady Agneta Yorke, Lord and Lady George and Miss Cavendish, Lord Richard Cavendish, Lord Edward Cavendish, Lord George Manners, Viscountess Mid. leton, Sir Edward Buiwer Lytton, Viscount Royston, Viscount Eversley, Lord and Lady Al wyne Comp•on, Lord Ernest Bruce, the Bishop of Lichfield and Miss Lonsdale, Lord and Lady Rollo, Lord and Lady Wherneliffe and Lady Mary Las celles, Lord and Lady and Miss Leigh, Lord and Lady Wenlock, Lady Belper and Miss Strutr, Sir Rubert and Lady ALLieck and Miss Affisck, Mr. and Mrs. Herbert Fisher, Mr. and Lady Elizabeth Adeane and Misses Adeane (2). Mr. Walpole, M.P., Mr. Selwyn, M.P., Provost of Eton and Mrs. Good ford, Mr. Brrestord and Lady Mildred Hope, the High-Sheriff, &c. The scene inside the Senate belongs to a class that has often been described, but yet loses most of its freshness and life in the very act of being reduced to writing. It i 5 only at a place like one of oar Universities that such a gathering could be held. ' All the venerable memories and associations re called by the name of a Senate, ail the ideas clinging to the professional garb of law, physic, or divinity ; representatives of all that is grace tul u in nature, and representatives of all th l a u t ve are eminent by position, or have made themselves famous by achievement, here find themselves contrasted and brought face to face with the licence of the gallery of a theatre— educated, well-dressed, gentlemanly ncence, it is true, but still a gathering which sanctions and, in deed, encourages the freest comment and most pun. gent allusions. Before the time fixed for the com mencement of the proceedings the Undergraduates amused themselves after their usual fashion. Three cheers were given for Lord Palmerston and three unmistakable groans for Earl Russell. Three hearty rounds of applause for the Princeand Princess were succeeded like the swing of a pendulum by as many deepamouthed revilings of " Gladstone and Demo.. cracy,' , the sound, but not the sense of which latter sentiment was afterwards changed to " Gladstone and Bright." " The dark girl dressed in blue" was enthusiastically honoured, and numerous inquiries of " Where is she P" immediately followed. The cheering for Professor Kingsley was very hearty, and that for " the South" loud, bat not altogether unanimous. Lord Granville entered altogether un noticed, and took his seat at first beside Lord Car norvon, who was one of the earliest of the distin guished visitors who appeared on the platform. Apparently thinking that too close proximity to ac Opposition peer might be undesirable, Lord Gran villa shifted about for a few minutes from place to place, but was made happy before long by the ar rival of the Premier, whose appearance on the plat- form was the occasion for a general outburst of cheering. The heads of the University, in consi deration of the pressure to which the noble lord's ime must be exposed, offered to present him with his honorary degree of D.C.L. on the same occasion that it was conferred on the Prince of Writes. Lord Palmerston, h iwever, expressed his willingness to wait until the second day, in order that the honours on the first might be limited ex elusively to the Court circle. "Three cheers fo. Bulwer Lytton" and three for the Chancellor, were given heartily; and when the Chancellor arrived, as be did at at five minutes to 3 o'clock, accompanied by the Vice-Chancellor and the E irl of Pocvis, he got three more hearty cheers from galleries and floor. H.s grace took his refit upon the dais; and at 3 o'clock precisely the nit cess of Weiss wee coud ucted , o the chair of State reserved for her. Unlit nor royal highness had reached her place there was e respectful hush, but the moment this was attained the cheers of the assembly, again and again re newed, poured forth in deafening volume to wel come her to the headquarters of the university. The Prince of Wales, accompanied by the Dake of Cambridge and the members of his household, all in the scarlet robes of Doctors of Law, entered shortly efterwards, and his royal highness received a wel come little, if anything, short, in point of enthu siasm, to that already bestowed upon his consort. Tne undergraduates, however, were bent upon pay ing especial court to the princess, and the next cry raised—" Three cheers for the King of Denmark,'' by the response which it elicited proved what was the feeling uppermost in their minds. Commensu rate groans for " Austria" followed, and seemed likely to last for an indefinite period, until suddenly some one, with a sense of propriety stronger upon him than the rest, invited " three cheers for the Queen," which were given with right goodwill, and then the assembly settled down to business. The Prince of %Vales, in the first place, was installed a Doctor of Laws, his admission at the hands of the Duke of Devonshire being preceded by a abort ad dress in Latin on the part of the public orator, and, is this was the event of the day, the acclamations .vere of course proportionate. His Royal Highness the Duke of Cambridge was neat admitted, a refer ence being made by the orator to the share which he had taken in the dengers of Remit war. The public orator (the Rev. W. G. Cl ar k) then pro ceeded to deliver the accustomed oration, in the course of which reference was made to the enthusiastic welcome given to the prince and princess, and to the ancient and constan t lo y alt y of the University, for which nowadays no credit could be claimed, as our present Sovereign bad learnt how to reconcile the royal prerogative with popular liberties, so that throughout the em pire there was no political prisoner nor any English refugees abroad. The address enlarged upon the domestic virtues of the Sovereign, which had made the whole people sharers in her joys and sorrows, and referred to the career of the late Prince Consort as an example to his son, That Bon's love of every thing English—sport as well as serious matters — , s insisted upon as an additional bond of union with the Englise people. And t hen, turning to the Princess, the Orator said, he wou ld not p raise then, to their faces, because the osyffeeerpinagthsywpi ihneanesdsof a tree country ought to scorn even the aprarance of flattery, bur and hic h respect of subjects were gladly receive, and Princes e ht this observation led to a digression upon Danish affairs, in which the courage an d patriotism of the King, her father, and the fortitude of his subjects, were dwelt upon amid the plaudits of the assembly. The Orator expressed an earnest hope that the young Prince Albert Victor, when, after long years, he came to the throne, might find all things quietly settled by the wisdom and courage of his predeces. in conferred s e u n upon e -h Lord ous Senate-house sore-- ,"Pacatumque regat patriis v irtutibus orbem. " Honorary degrees were then K Sp n e o n i c ly er s , , L an or d d t A he . pHraoreveeeyd,inLgoBrd Harm, and G enera! were brought to a close by th© presentation of medals to, and the recitation of p rize p oems by , succ, , ssful competitors in the re cent examina tion. At half-past six o'clock the Vice-Chancello r (Dr. entertainingCookson) andatMdirns.neCrooin t he hall of Peterhousekson had . the honour o f their Royal Highness the Prince and Princes; of, Wales, his Royal Highnes s the Duke of Cam bridge, the members of bi g Ro y al Highness's s uite, Lord Spencer, Lord Alfred Hervey, Harris, Lady Morton, Ger , . Lord Knollys, Major Tees dale, the Duke of Cambridge's Equerry, and the following distinguished company —The Duke of Devonshire, K.G , and Lady Louisa CAvendiah • Lord Granville, K.G., the Duke of Rutland, the Duke and Duchess of Manchester ; the ' - Marquis Camden, the Marquis of Harrington, Lord Powis, Lord Stanhope. Lord and Lady Hardwieke and Lady Agneta Yorke, Lord Carnarvon, Lord Itichard Cavendish, Lord Eversley, Lord and Lady Palmer ston, the Bishop of Ely, Lord Leigh, the R;ght Hon. Sir Edward Bulwer Lytton, the Right Hot. Mr. Walpole, IL n. Sir W. P. Wood, Sir Castries Eastlake, the Dean of Westminster, Dr. Phelps, Mas►er of Sidney ; Dr. Whewell, Master of Trinity, and Lady Affleek ; Dr. Okes, Provost of King's; Dr. Corrie, Master of Jesus; Dr. Pulling, Master of Corpus; Dr. Bateson, Master of St. John's; Dr. Phillips, Mastir of Queen's; Dr. Atkinson, Master of Clare; Dr. Geldart, Master of 'Trinity -hall ; Dr. Guest, Master of Cairns; lion. Latimer Nevilie, Masterof Magdalene; Mr. Selwyn, M.P., Mr. Beresford Hope, Dr. Watson, Professor Hoffman, Professor Wheatstone, Mr. Godfrey, Mr. Besant, Mr. Porter, and Mr. Cookson. RAILWAY INTELLIGENCE, RAILWAY BILLS. Yesterday, in the Committee on Metropolitan Railways, Mr. Hope Scott, Q.C., opened the case of the North London, the object of it being to enable the company to exercise additional powers, to make a new dock, and to widen their line at Poplar, and to raise £50,000 by shares and £16,000 by mort gage. Evidence in favour of the bill was adduced. The consideration of the Teign Valley Bill closed, and the committee declared the preamble proved. Mr. Phinn, Q.C., stated the case of the proposed lifracombe Rail vay, the capital being £210,000 in shares and £70,000 by loan for a line of 12 miles in length. Mr. Galbraith, C E., and other witnesses were examined in favour of the project. After several days' sitting, and the examination of about 100 witnesses, the case for the promoters of the Great Eastern Northern Junction Railway was concluded, and Mr. Salisbury was heard for the opposition of the Manchester, Shef field, and Lincolnshire, and Mr. Merewether, Q C.. tor landowners. The evidence of Mr. Hodgson, chairman of the North British Railway, occupied the committee on the proposed Glasgow and N..irth British Bill, to raise £1,350,000 in shares and £450,000 by loan, with power to create a 5 per cent. debenture stock. The case of the Drayton Junction closed in Mr. North's ccmmittee, and the opposition to it of the London and North Western commenced, Mr. Mason being examined. Evidence occupied the committee on the Brecon and Merthyr Junction, the East Glocestershire, the Dablin Trunk Connecting, and the St. Helen's Bill. In Earl Devon's commit tee the case of the Leeds, Bradford, and Halifax Railway was considered. THE SUN, LONDON, FRIDAY EVENING, JUNE 3, 1864. SOUTH EASTERN. A Wharncliffa meeting of this company was held yesterday at the Bridge house Hotel, London. bridge ; the Hon. J. Bing in the chair. Mr. SMILES, the secretary, read the notice con vening the meeting to consider nine bills, in corn pliance with the standing orders of the House of Lords. The CHAIRMAN stated that three hills promoted by them in the present session had been so far sanc tioned by the proprietors as to authorise the direc tors to make applications to Parliament in respect of them. By the first bill on the list it was pro posed to raise a capital of £lBO,OOO, by the second bill £450,000, and by another bill,since withdrawn, £230,000 for a line to Eastbourne—together £860,000. The directors had subsequently been enabled to enter into arrangements whereby the capital applied for bad been considerably reduced. An agreement had been made with the Belgian Company under which facilities would be afforded for an efficient service of trains between London and Eastbourne, via Tunbridge Wells, in connec tion with the South Eastern Railway, in considera tion of which the company's Eastbourne branch cad been withdrawn, as well as the proposed junc tion line between Croydon and Caterham. An arrangement had also been made with the Weald of Kent Company, under which the South Eastern Company's branch would terminate at Cranbrook, nd the proposed extension to Tenderden and Appledore had b e en withdrawn accordin 4 ly. Tne capital required for the construction of the propotwri new lines of the company would therefore now •land as follows :—For the branch to Westerham. £70,000, instead of £lBO,OOO, and for the branches to Cran brook, and Hythe and Sandgate, £280,0,►0 instead of £4so,ooo—together, £350,000, instead ot X 630,000 as 01.4;41414 proposed. lie thought the proprietors would not object to that reduction. Mr. Toogood (the solicitor) read the heads of Bill for authorising the Sundt-Eastern Railway Company to make and maintain an extension heir railway to W,sterhatn, and to raise further moneys. It authorised £70,000 in shares, and the usual borrowing powers for £23,330. The motion of the Chairman, seconded by Mr. Thompson, a formal resolution approving the bill, was then carried. The next was a Bill for authorising the South Eastern Railway CompAty to make and maintain extensions of their railway to Cranbrook, Hy the, and Sandgate, respectively, and to raise further moneys, to the amount of £280,000 on shhres and £93,33) on loan. After some observations by Mr. C. Child es to the necessity of having a map of the projects in the room on such occasions, a format resolution ap proving the Bill was carried unanimously. rhe Solicitor read the heads of the next bill tot authorising tho Charing-cross Railway Company .0 acquire additional lands et or near Cannon street station in the city of London, and to raise further moneys to the amount of £90,000, of wnicb £65,000 was for the purpose of subscribing towards the construction of an hotel in the city. Mr. Apali3 said the £90,000 would not be suffi -cient for the purposes of the company, and that t he directors shonld have applied for powers to raise £500,000. Tne UIIAIRMAN said the dirce'ors thought it would be considtrtd by the present bills that they were asking for too much money, instead of too tittle. The bill was approved. On the motion of the CIIAIRmAN t formal resolu tions approving the following bills, which did not require any eubscription from the South-Eastern Company, were agreed to :—A bill to authorize the construction of a dock, piers, a railway, and other corks at or near Deal, and a navigable channel therefrom to Sandwich, all in the county of Kent ; 4 bill for authorizing the extension and maieten anee of tramways in the parish of Erith, in Kent ; a bill to authorize the London, Chatham, and Dover Railway Company to construct additional works and 'Acquire additional lands, to alter the works and powers (connected with or affecting their und,r aking) of other companies, bodies, and persons, anti fo amend the Acts of the company relating to Dover and to Margate; and a bill to eutitoriz, the con struction of a railway from Hartley and Cranbroole to Tenterden, in the county of Kent. Mr. WILSON, having expressed the gratification he felt in consequence of the company having re cently establ'shed friendly relations with neigh bouring companies, moved a vo.e of thanks to the chaitman and directors, and the meeting was ad journed to the 22d lest., at the same place, for the consideration of the other bills. CALCUTTA AND SOU I'ILEASTERN. The halt -yearly meeting of this company was neld on Tuesday at the (Slices, Gresham•bouse—Mr. Borradaile in the chair. The report stated that the terminus at Port Canning was still unfinished. Since the opening of the line vessels aggregating abriut 7,000 tour ned visited the port, buF it was regretted that sufficient accommodation had not yet been pro vided there. The Municipal Commissioners of Port Canning were endeavouring to provide a remedy for this state of things, and pressing the Government on the subject. With regard to roads and apnroschee to the different stations they were in a backward state. The important road for con necting the Barripore district with Chappahattee station would not be completed before the middle of the year. Until the terminal stations of the rail way were put into habitable and serviceable condi tion the merits of the lice could not be tested. So far as the water site and channel were concerned every day's experience served to prove the hum.- able fitness of the 'Mullah for a first rate port. The superior cheapness, safety, and easy access of the Mutlab, as compared with the Hooghly, was now be} and dispute. The iron jetty, on which the con venience of ve3sels acid the returns of the line in a great measure depended, was by the last accounts expected to be completed in June. No exertions had been spared to reduce the expenditure, and the various establishments had been brought down to the lowest point compatible with efficiency and safety. The sums required for the railway had been advanced from time to time by the Govern ment of India. The capital account showed that £431,517 had been expended, leaving a balance of £7,381• The total amount of guaranteed interest received from the Government to the 31st of De cember, 1863, was £63,594. The tr•.ffic rece;pts for the half year ending the 31st of Dzcenaber last amounted to £2,494, and the expenditure to £3,0z9. showing a deficiency of £535. Oa the motion of the CHAIRMAN, the report was adGpted ; the retiring directors, Mr Burkinyoung and Mr. Barber, and the retiring auditors, Mr Goodchap and Mr. C. W. Johnson, were reelected. fhe proceedings concluded with a vote of thanks to the directors. SPIRIT OF THE PUBLIC JOURNALS. TIMES.—The last news from the seat of war in Virginia prepares tie for the complete failure of Grant's expedition. The telegraphic intelligence which we published yesterday announced that the Federal General was again advancing on the night of Tuesday, the 17th of May. That which we pub lish this morning n-cords the signal repulse of the attack winch he made on the morning of Wednes day, the 18:h. This time the assault was directed gainst L-e's centre and left. "After a desperate cot.fltct, taming throughout the torenoon, the Fede rats were forced to retreat, with the loss of 1,200 in killed and wounded." After the wholesale slaughter of the previous tortnight these numbers may appear almost irilog, but to an invading force a defeat is, in one sense, more damaging when the loss is mail. It seems to show that the position of the enemy was found too impregnable to be carried by " piling up men" and marching over their bodies, and that a timely retreat was dictated by that which is the oetter part of valour. This inference is confirmed by the sentence which follows. A counter-attack is stated to have been afterwards mace by Lee upon Grant's front, though without success. When we remember that, according to a New York contem porary. a full week before this action, '• the army or General Lee, befit -d and beaten t every point, was in full retreat towards Richmond, pursued by the uncor quereble old Army of the Potomac," the fact of his becoming the aggressor is sugges tive of many refle . ctions. The same authority endorsed as " absolutely true" the information that Lieutenant-General Grant " was achieving is victory which will be crowned with the destruc tion or dispersion of the main army of Jeff. Divis, the occupation of his capital, and his flight es an outlaw from his exploded Confederacy." Pending the accomplishment of these decisive events, we hear that Lee continues to occupy his old position, about halt way between Washingten and Richmond, while Grant is not only unable to dis lodge him, but has sometimes to act on the defen sive. But this is not all. "On Thursday (the 19te) Ewell gained Grant's rear, and attempted the cap. tore of the Federal supply trains. The result is unknown ; but after an hour's fighting, in which the Federals lost upwards of 1,000 men, the Con federates returned to their entrenchments." It would be premature to speak of this es the finale of Grant's invasion of Virginia, but our readers will probably agree with us, that a conqueror, supposed to be driving before him a "defeated, exhausted, and demoralised" enemy, was never placed in a more sewkward predicament. It is true that Mr. Stanton had undertaken to reinforce him with "25,000 vete• ran troops ;" but we are not told from whet quarter these veterans are to be procured, nor is it quite certain that they will arrive in time to avert a crushing disaster. The most prudent of the mili tary critics at New 'York took care to qualify their triumphant vaticinations by making them condi noire' upon Beauregard having taken part in the late engagement. If Grant had proved himself more than a match for the joint strength of Lee and Beauregard, then the retreat of the Confederates to Richmond was, they thought, inevitable. They could not afford, it was argued, to leave Butler in the rear of their capital without Beauregard to watch him, and must forthwith fall back to defend it. Anotbk r paragraph in the telegraph news of to-day shows i:owut terly theseanticipations have been t.onfounded. there is stilt some mystery abut Beauregard's movements, but we know, at alt events, that after he was beieved to have itined Lee, General Ran- KM, one of his sutordinates, surprised General Butler in one direction, while a second detachment of the same force surprised General Baldy Smith in another direction. Mr. Stanton hiaszAt ad mitted that. the latter wal at first driven back with some contusion," but saser►kd that the ,track on Butler was " handsomely repulsed." Trier Gentrat, however, by Mr. Stanton's own showing," retired"—though "leisurely"—" within his own lines." The exact nature of this strategic move went is explainb , d I , y our latest accounts:— ' Toe Confederates captured General Hickman with nearly his whole brigine and eight or ten cannon, and drove the whole Federal force to their intrench. ments at Bermuda. Toe Federal loss in killed and wounded is 'admitted to be 2,500." Meanwhile Be iuregard, so far from having despatched all his available zroops to theassistance of La-, was actually in force, on the 21st. of May, in G, n. Butler's imtne• diate hoot, an was preparing to assault his in trenchments. Should tie have been successtul, alt cause for anxiety about the safety of Richmond will have been removed, and Lee will no doubt have been heavily reinforced from Beauregard's army. I. is now time to glance briefly at the operations of General Sherman, whose expedition, however in ferior in magnitude to that of Grant, opened more hopefully, and excited great expi.otations in the North. On the 14th of May Mr. Stanton reported th a t Sherman had forced his antagonist, Johnston, to evacuate D :Iton in th e C hattanooga Mountains, though not without a lose to himself of 3,000 in killed and wounded. On the 16th he was advanc ing into. Georgia by rapid marches. On the 17th tie was still "in vigorous pursuit," his supplies abundant, and animals f4t.ening oo the pastures and grain fields. By the 20th he had arrived at. Kingston and occupied Rome; ny the 21st he had reached Caseville, and a great battle at Manta was considered imminent. For the sequel cue must wait till the next mail, but a very cursory inspec tion of the map will show the advantages under which it will be fought by the Confederates, Atlanta stands at the junction of three great lines of railway, communicating with Savannah, Charles ton, and the Mississippi. Jr it should fall into the bands of the Federals, it will no doubt be a valuable pettier], but in the contrary event it may turn out that the retreat of Johnston was a preconcerted plan to draw Sherman away from his basis of operations, and the "pursuit" of the latter a suicidal hastening into the trap laid for him. It is not, beweTer, OD the fare of Sherman's, but on that of Grant's, enterprise that the fortune of the war now appears to be suspended. There is no limit, indeed, to the elasticity of Northern self reliance, and there are persons who would not cease to proclaim the approaching extinction of the re. hellion though the Army of the Potomac were annihilated and Washington taken. We speak of no impossible contingencies. If Beaureg: rd were to dispose of Butler and gain camp before Grant's reinforc,ments could reach him, nothing, we imagine, cou d save the latter from an over. wheiming defeat. Such a defeat ruin to an array which has staked eve ry t oing ou victory, arid vas no defences to fall back upon. Unless Grant Can maintain a superiority in the field, it becomes a question whetter he will be able to recrose the Potomac with more than a remnant of his force. We know too little of the resent oes at the command of the Confederates, and have had too many examples of their comparative weakness for aggres .__ „iv e purposes, to venture on any prediction lit - this conjuncture. All that we desire to point out i s t h e importance of political manes depending on Supposing Grant's prodigious sacrifice of m en to b e fruitlees, and his military reputation to be wrecked, what will be the probable tffect on public opiuiou in the. North ? Th e war party will doubtless b. longer ? Will th e pol i cy forced on more furious than ever, but will the War party be dominant presie ra Lincoln any by a section of the Repnblioans survive the financial and moral collapeo that must Or will the p ac ifi c great muses, who h ave " no follow such a catastroph e ? sentimEnta tha interest in wrong,” make themselves heard for once above the din of boisterous passions, demanding Hirher a change of po:icy or a Changt) of President P We cannot tell, but we may at least hope, for the sake of burnaailY, that the wild and ruthless cry, "On to Richmond," has now been raised for the last time. POST. --The County Courts Bill of the Lord Chancellor, which is to be di scusse d t o - n i g ht i n t h e House of fords, has, in one particular, encountered an amount of adverse criticism which may have in duced the public to overlook in other respects its great and manifold merits. We, of course, refer to that section of the measure which proposes to enact that, after the Ist day of March, 1865, no action or suit should be brought for the recovery of any debt or money demand not exceeding £2O, "unless Within one year after pooh debt or money demand, or some part thereof, became due and payable." The object of th e L or d C hancellor, as state d by himself, was to pr o t ect t h e art i san an d t h e agri cul' tural labourer from th e ev i ls of that system o f long credit which gener a ll y en d e d i n cons i gn i ng the debtor to the county p r i son an d hi s un f ortunate wife and family to the pari s h wor kh ouse. C re di t , both in great and small com merc i a l transact i ons , Is matter too important and too dependent upon established habits and customs to be safely dealt with on mere grounds of favour or benevolence to a particular class. If the ar ti san an d t h e agr icule tural labourer have a right to ask Parliament to diminish the statutory period of limitation from ell years to one year, surely the small tradesman, whose interest is quite as great, has a right to be heard on the other side, and to show, it he can, that the proposed enactment w ou d i n rea li ty con f e r oo benefit upon the labouring classes. whilst it would drive those situated as himself to immediate bank" ruprcy. But the argument may be put even higher. The small trade-amen is dependent upon the whole• sale dealer, and the latter upon the importer, for all articles, such as t ea , sugar , an d tobacco, which, though the produce of foreign countries, are reckoned necessaries of life among all classes of our population. It credit be disturbed at the basis of our social system, where the insignificance of each transaction is more than compensated V an enormous aggregate of dealings, the shock will reach the very highest class of merchano, and aD injury will be inflicted upon the trade of this coun• try the consequences of which would not fail to tell upon the very persons for whose special behalf the law had been changed. But in considering a quo' tion of this kind we prefer facts to mere arguments, and we therefore proceed to show the probable beard' ing of the section upon the London shopkeeper, who needs not necessarily be a small tradesman, and whose customers need net belong to the labours ing classes. We know the case of a tradesman et the West-end who has every year on his books four thousand accounts, each for a sum under £2O. 1 10 rule is to bend out his bias at the end of the year , and he states that if ne were compelled to collect them within a twelvemonth he might as well, shat up shop and reti re f rom b us i ness a l together, or w ait tor an inevitable report to her Majesty's Court of Bankruptcy. In another case the manufacturer of an article of general consumption, who supplies several thousand retail shopkeepers, states that if such a law was obligatory upon him he could not con linue to carry on his business; that he ended' yours as far as possible to limit credit, but that the constant litigation and oppression which would ensue from the proposed limitation to one year would deprive him of his customers. But 'be ques tion may be viewed in another aspect. Is it kind or humane to require the working man at all times and under all cilcumstances to pay that which 1 . 0 reality amounts to ready money P When wrk le plentiful and wages are high the labourer ought , no doubt, to abstain from running into debt ; but when circumstances are changed, and employment cannot be obtained, to deny him all means of credit would be either to send bim to the parish or to induce him to take part in one of those strikes which eel end in scenes of outrage and violence. We therefore say, on behalf of the working man, the small shop- Ikeeper, and the wholesale dealer, that the proposed period of limit a ti on i s too short, a:though we have every confidence that the Lord Chancellor, in re' commending it, was solely actuated by a desire to protect and benefit a large and deserving class of his fellow subjec , s. But if one year be too short, is the old statu ory period of six years too long p We believe that all controversy in this respect will be settled by the noble and learned lord accepting t wo years as the period during which a debt or money demand under £2O can be recovered. If this moc11.• fication be adopted in conjunction with those pro 'rations which abolish imprisonment except for cer tain defined offences, fraud, reckless extravagance its living, &c., the law of debtor and creditor in respect of small transactions will, no doubt, be placed 00 mach more just and satisfactory footing, and render the measure worthy of the reputation of its diet' tinguished author. It is needless to discuss the " tally-man" grievance, because we perceive that Lord St. Leonards has given notice of a clause which will provide an efficient remedy. He pro' poses that no debt of this kind should be recover; able unless the order had reeeived the sanction !"; the husband or father. Those portions of the bill which propose to confer a small equitable jurisdic' tion upon the county courts are likely to produce considerable benefit to the public, but the clauses themselves are so general that little opinion can he formed of their utility until we see the code of orders which is to pre s crib e th e proce d ure. We 10' tend, however, to return to this subject of equitable jurisdiction slid to the short system of bankinp'e9 to small debt cases which, we believe, consoiture two of the moat v , ,uab.e and important features of the Lord Cusaleeilor's measure. The latter " especially commend to the attention of the coca nnitee Low sitting to investigate the operation of the Bankruptcy Act, 1861. COUNTRY MARKETS. ------,1 , •.- ..... - BIIIMINGHAM—THURSDAT. There was an increased supply of English wheat to-dal' but the demand was slow, and last week's prices advanced 6d to is per quarter. Barley nominally unaltered in prige• Beans and oats were rather over late quotations. Peas Mill' —English wheat was sold at 40s to 448 for white, and 368 to 42:4 per 36 stone for red, Barley, new malting, 305 to 38s per qr ; gr i n di ng , 18 s to 24s Oats, old, 22s to 3 01 ' per 30 ston e ; I r i s h , 18 s to 245. Beans, 34s to 40s per q r. Peas, 32s to 38s per 36 stone. BURTON. ON- TR Old white wheat..4lB to 45s I New do. . 398 to 94s Malting barley....32s to 35s I Grinding d0.....26s to 29s ENT-THURSDAY. OA red wheat, ..40s to 42 0 New do. ..37s to 4 10 Oats 2os to 30 6 Beans 34s to 42.. MANCHE STE R—THURSDAY. A very limited attendance at our market to-day, efla but very lible bu inese doing. Wheat and flour both b°` for previous quotations. Oats id to Id per bushel dear Oatmeal at late prices. Beans 6d to le advance. Indite corn was 3d to 6(1 per qr higher. BRISTOL—THURSDAY. A small supply of English wheat, which met a readl sale, at an advance of Is per qr. oreign more dealt I n c i at prices unobt a i na bl e l ast wee k . Barley ruled slow, ail brought late r a t es . B eans, peas, and Indian corn fully .s dear, but dull. EDIXBURGI-1 GRAIN—JUNE 1. To• day there was a better supply of grain, which sold at is above last week's prices, with an active demand. Wheat on the top Os 6d up.... average 2s 3d u.P. Barley on the top Oa Gd up average Os 5d up. _ Oats on the t o p 2 5 0 d up average is Id dem " Beans on the top is ed up average 2s 81 uP• Ave, age Pric es . Wheat. ... 39s ld I Oats. Barley 345 6d Beans 3 53 Oci Total Supply and Sales. Wheat........ 906 qr 5..,..... Sold 450 qrs 8ar1ey........ 150 qrs Sold 113 rs B Oats rs eans 73 qrs Sold 73 qrs Flour sells as follows:—Whites, 37s Od.; extras, 35s Od ; superfine, 33s Od ; fine, 30s Od. NEW JOINT-STOCK COMPANIES.- --A Parli a tri etr tary return, moved for by Lord Overstone, shows that be' twen the beginning of last year and the 18th of May l u j this year, 1,176 ne w j o i nt - stock companies with liraite' liability were registered, and ihe total number of ely' re : created reached the e normous number of 13,348,401. The r e is, however, some quali fi cation of this st a t emen t in a no t e i appended to the r e t urn , to the effect that the registrar joint-stock companies is unable to state how many of b-l o shares have been really subscribed for. The persons sfil registered these c ompan i es hag only subscribed for 6 72,3° ~a shares. Births. --- ABBOTT —On the Ist inst., at Grov e H ouse, T ot t E nba llif tOe wi e of Arth ur tt. Abbott, of a eon. ANLEY.—On th wi e lst bast, oa.u.h, me le of Captain F. A. Anleyßoyal Aral° of a son. at 7, Roe-park -terrace, 1 : 1 / r ; BLADES —On the 2d inst., at Penge, the wife of O r ' Blades, of a son. STA CEY.—On the tat in s t., a t W h i tchurch, Glanrrer ohm., the wite of the R ev . C yr i l Stacey, of a aaughtc Marriages. o/ EVA XS — MUMFORD —On th e I st inst, at Little Ce r „Ar - 1 An' hotly Evans, Esq., cf 3, Tavier,ock.plac.. B a L re. square, to Lucy Louisa, second daughter of Geo. lord, Esq., of Little Cornard. TAYLOR— I INDALE.—On the let inst., at Almond bur/ ....; John Hi rst i aylor, E sq., of Grove House, Winderree; to Anni e Eli za b o .h , t h e aldest daughter of the late o Tinclale, Esq., of Rose Villa, Almondbury. Deaths. BEARD.—On the 31st ult., at 4, Clarence-place S--w ellf s., Charles Beard, Beg., formerly of the Hon.' oE.l.‘""o' aged 78 CANNING.—On the let inet , Allen Canning, Esq., aL°ll.' don Colne, near St. Albans, aged 56. Or COLERY.—On the 31 st u l t., suddenly, William Calevi hp Stratford, Essex, aged 78. CORNELL —On the Ist inst., at Bexley-heath, Air' Cornell, agi-d 66. CHENEY —On th e I s t inst., at Castlegat e , Gianthalet i Chfney, aged 88. HENSON.—On the 31 s t u l t., at Brighton, Mr' Robert Ileneon, of the Strand, aged 48. r . MARTINDALE.—On the l et i nst., at 20 , B ru neviocsr 7 s, dens, Kensingt o n, B en j amin Martindale, Esq. , a g ed W iv Or r n . .;:rOtLtrh o vi 3oth d u o l f t . , l a 6, t e G i r e a ni f t e o u n t l luaanree,, gr a d 48. London : Print/ad and Prblished by WILLIAM AM:AC -14 11 °t No. 112 , Strand, Printer, at l'uz SUN Office Strand, n tb,- Precinct of the 3aToy, n the CoacTl -- Bliddloseak—rdday, Jae 4 mot.