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

IMPERIAL PARLIAMENT HOUSE OP 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 Railway—Mersey Docks and Harbour Road— Okehampton Railway —North and South Western Junc tion Railway—Wallasay Embankment—Royston. and Hitchin Railway—North-Western Railway—Nottingham Gas—and Midland Railway (Chesterfield to Sheffield) Bills were read a second time. The Ardrossan Harbour Borough Ferry Road—Caledo nian Railway—Bast and West Junction Railway—South Yorkshire Railway—and River Dun Company Bills were read a third time and passed. CIRCASSIA. Lord STRATFORD de REDCLIFFE asked whether tho Secretary of Foreign Affsirs had any information to give the house respecting the many deaths which had taken place amongst the Circassians 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 papers as he could gather, calculated to give their lordships the information asked for. MORTGAGE DEBENTURE BILL. Lord REDESDALE moved their lordship. go into committee on this bill, the object of wk s h was to enable public companies to lend money on land on mortgage. The subject had been 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 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 buke 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 un. called up capital. The profits 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 cn the transactions 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 this 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 bo taken that an excessive sum was not advanced— 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 DONOUGHMORE and Lord REDESDALE, The house went into committee. Lord PORTMAN moved the omission of the 32d clause, empowering the investment of trust funds in land deben tures. After some discussion the clause was struck out, it being understood that another clamAe, having simply a proapec• t;ve operation, would be brought up on the report. . The bill then passed through committee. The iclesiastical 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 OF COMMONS—Last Evening. The SPEAKER took the chair at four o'clock, PRIVATE BUSINESS. The following bills were read a third time and passed : Crieff and Methven Junction and Branch Railway—Kirk cudbright Szewartry Roads—London, Brighton, and South Coast Railway (Additional Powers)—Wallasey improve ment (A. Verbal Amendment to be proposed.) BELFAST IMPROVEMENT (No. 2) BILL. On the motion for the consideration of 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 was then ap• pointed, but the inquiry was limited to financial matters, and did not embrace the subject of the grievances d. which those whose interests he advocated Com plained. The bill was, in fact, an attempt to obtain indemnity from the corporation of Bel fast for their misconduct, and one of the grave charges against that body Was that they had praverted the funds en t ru sted to their charge to politi ca l purposes. If the de lay he proposed were acceded ta, it would enable certain referees to meet and give the result of their deliberations. Sir C O'LOGHLEN secAmded the m o ti on. Sir H. CAIRNS said chat the hon member (Mr Maguire) did represent the cons'Atuency of Belfast, and he was grossly misled by the statements he had heard, and on. which be founded his amend me nt. In a town of 150,000 inhabitants there never wr 4 a greater unanimity than that displayed by par. ties of all ,wades of opinion in favour of this bill. Ha de fended tile conclusions arrived at by the committee, which, from its constitution, was above reproach, and which had investigated the whole subject with the greatest care and attention. 'Sir C. O'LOGHLEN said he had no desire to defeat the bill by delay, but he thought benefit would result from the adoption of the hon. and learned member for Dungan non (Mr Maguire), so that the house would be in a i 9 etter position to determine the merits of this bill. An agree ment had been made between the promoters aLd oppo nents of the bill to refer it to arbitration, which was pending, and he tt 'aged the house would not sanction the violation of that agreement by allow ing the bill t o b e hur ried on prematurely to a third reading. Mr. CARDWELL said that the subject had been re ferred to him some time back. It appeared that some y ears ago, when feeling ran high in Belfast, the corporation o f that town were accused of misappropriation of funds. R e strongly condemned the idea of indemnity being withheld from the corporation of Belfast. After some further discussion the house divided, when the numbers were-- - For the motion Against 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 bat on an early d a y h e w ould move that an humble address presented to her Majesty for a commissicn to inquire into andcon,t report upon the vari ous systems in operation for t construction of the beaton of ships for the Royal Navy, with a view to the adoption system. (Hear, hear.) MEAL AND GRAIN POISON BILL. M H. BERKELEY ve notice that h —e g a would for an amendment and alteration o f t he proyi • move mons 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 from the institution of naval architects recommending the establishment of a school of naval architecture at Kensington; and whether he would lay the same upon the table of the house. Mr. BRUCE said that no further report on the subject bad been received, but a correspondence was going on which at its completion would be laid before Parliament. THE HUDSON BAY TERRITORY. Mr A. MILLS asked the Secretary of State for the Colo_ ales whether her Majesty's Government exercised at the pre. sent moment any control over the territory claimed by the Hudson's Bay Company, and stated, in their prospectus issued in July last, to comprise 1,400,000 square miles ; and, whether it was in contemplation to establish a crown colony in any portion of this territory. Mr. CARDWELL said that negotiations were going on on the subject. THE CONVICT WHITE. In reply to an Ron. MEMBER, Sir G. GREY said that his attention had been called to the subject, and h e had received a letter from Mr Payne on the subject, and i.t appeared that the party convicted had been sentenced to five years' penal servitude, and had been a very abandoned criminal. lie defended the conduct of Mr. Payne in his judicial character. ACCI DENT 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 Ply mouth Sound ; and what measures he pro pose to recut-Amend in order to prevent the repetition of so painful a dit. aster. The Mar , pis of HARTINGTON said that unfortunately the accide at alluded to had occurred, and instructions were given ttAat the artillery practice should be suspended until the woort had been received. ENDOWED SCHOOLS. On the motion that the orders of the day should be left till after the notice of motion relative to education, Mr. ADDERLEY moved—" That this house, having considered the Minute of Council of the 11th of March, 1864, on endowed schools, is of opinion that it does not meet the objections made to the minute of the 19th of May, 1863." Having described the effects of these minutes, he discussed various matters of detail, and examined the prin ciple which had been laid down by Mr Lowe for the distri bution of the Parliamentary grant, which made it an elee. mosynary fund, and placed the distributor in the condition of a relieving officer; contending 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 nnendowed 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 trustees ; 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 axd operation of the minute of March. It was the des:re of the committee not to blunt the edge of voluntary efforte, 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' REPORTS). 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 then resumed. Mr. BOUVERIE, in supporting the amendment, sug gested that to the five members nominated by the General Committee two members should be added, to sit only as assessors. This suggestion introduced a new element of discussien ; 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 three months. He gave a long history of the inquiries into the Irish Court of Chancery, and of the reforms effected in its system, and took exception to the constitution of the Royal Commission, on whose recommendations the present bill was framed, which was appointed, he said, in order to give effect to a preconceived determination. He otjected 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,preceeded to reply to the observations, some of a general and others of a pail icular character, made by Mr. Longfield, remarking that the measure in all its parts 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 impartialit3 of the members of the Commission, to the constitution of which Mr Longileld had excepted, justifying their recommenda tions. He denied that, by tne ttll, either the number of judges was increased 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 as 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 1)1r 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 ATTORN EY-GENERAL replied to Mr Whiteside, who, he said, had in 1856 brought in a bill to abolish the mailers, and to appoint not one Vice-Chancellor, but three Vice-Chancellors, in the Court of Ireland, and to introduce the system of chief clerks. He read opinions of officers 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. GEORGE defended the course taken by Mr. White side in 1856, which, he said, had been misrepresented by the Attorney-General. lie opposed the second reading of the bill. Mr. SCULLY supported the principle of the bill, which was opposed by Mr. S. Fitzgerald as a wrong one. Mr. MALINS was not satisfied by the arguments of Mr. Whiteside that the bill should be opposed. • The amendment was withdrawn, and the bill was read a second time. The Court of Queen's Bench (Ireland) Bill -,a a lik ew i se read a second time. The report of the Committee of S':,pply was brought up and agreed to. The remaining businest having been disposed of. thq house adjourned at 20 minuted past 1 o'clock. IiARD LY POSSIBLE ! EVEN AS A S PECIMEN OF SPURGE GNigm.—Mr Spurgeon has recently been o preaching in the town of Bury St. Edmund'& Accompa nied by sever a l of his friends, he visited the w e ll : k nown magnificent elaureb. t St. Mary' s , w h en th e f o ll ow i ng ele gant colloquy took plate Mr Spurgeon, seati ng hi mse lf on a free bench, ulna ad dressed the Church Scripture reader :—Mr Spurgeon— "bo you allow smoking here r' a spittoon.'' Sc r ipture - reader— " What c an you m e an sir ? „ Mr pitt S oo u geon —ti Oh, I thought You did , se e sir! where, where ?" Mr (pointing to a very beautiful full cWtehdyl:yththereelate Mr Cottinly Scripture-reader— A spittoon, a S iTed g ru il t, -- er ‘ e ,ham)." Scripture reader—" Spittoon, sir Mr -plargeon—,4 Spittoon-- yes, yes I" (Ex i t the Scripture-reader, indignant.) (Exeunt onmes, Spurgeon no doubt admiring his own wit), and .Norwich Post. [A DVERTISEMENT ]—COnfillMptio l2 , all nervous, biliotp liver, and stomach complaints, la every stage, are o n l y ag .' gravate., and accelerated by drugs of every description, but perfecay curable by Du Barry's health restoring R e , ralents Arabica Food, e,B proved by thousands of cases which nad been considered hopeless. We quote a few.—Cure No. 62 4 9 14, Miss Lange, 18 y ears of age, cured after the medical men had abandoned all hopes of her recovery from the last stage 01 pulmonary consumption, with frartul 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 Police. Cure, No. 45,270. Mr. James Roberts, of Frits ley Surrey, of thirty years' diseased lungs, spitting of blood, liver derangenient, and partial deafness. —Cure, No. 47,121. Miss Elizabeth Jacobs, of extreme nervousness, indigestion, gatherings, low spirits, and nervous fazdes,—Cure, 54,816. Ihe Rev. James T. Campbell, rakenham, Norfolk, of indigestion and torpidity of the liver, which had resisted all medical treatment. In tins, 11b, 2s 9d; 21b, 4s ed. 51b, us; 121 b, 225; 241 b, 40a. 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 Kingdom LADVERTISEMENT.iI i —.,...T-Tolloway's Ointment is a wonder ful remedy f or b a d l ege, whether cause d by external vio lence or r esu lti ng from cold, erysipelas, ose or rhe umat i sm. The deepest ulcerations of theflesh d y a ie n ld to the p owers of this unguent with the same readiness the same certainty as the simplest scratch or slightest in flammation of the skin. The heat and smarting of scalds end burns are checked at once by the soothing application, and the progre ss o f the cure, to the suff erer ' s as t o nishment and delight, pr ocee d s in its painless course. This impor tant fact should i n d uce every one having the charge of children always to keep thi s pain saving application within reach. Holloway's Ointment will spare the child torture and the mother anziety, Visit of the Prince and Princess of Wales to Cambridge. party upon 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 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 zest, 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 marked 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 feeling 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. The Senate-house meanwhile filled rapidly, and 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 lowis, 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 Fitz william and Lady Frances and Lady Mary Fitz william, Earl and Countess of Hardwicke, and Lady Agneta York; Lord and Lady George and Miss Cavendish, Lord Richard Cavendish, Lord Edward Cavendish, Lord George Manners, Viscountess Mid leton, Sir Edward Bulwer Lytton, Viscount Royston, Viscount Eversley, Lord and Lady Al wyne Compton, Lord Ernest Bruce, the Bishop of Lichfield and Miss Lonsdale, Lord and Lady Rollo, Lord and Lady Wharncliffe and Lady Mary Las celles, Lord and Lady and Miss Leigh, Lord and Lady Wenlock, Lady Belper and Miss Strutt, Sir Robert and Lady Affieck and Miss Affleck, 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. Beresford and Lady Mildred Hope, the High-Sheriff', 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 aczompanied by his R-yal Highness the Duke of Cambridge, and at tended by Elrl Spencer, Lord Alfred Hervey, Lord Harris, the Countess of Morton, General Knollys, and the Equerry to his Royal Highness time Com mander-in• Chief. On alighting, the Royal party were received by the Earl of Hardwick°, Lord Lieutenant of the county, with some members of his family, and by the Duke of itlanchester. Mili tary honours were rendered. 'oy the members of the University Volunteer i:forps, which marched to the and was ilrawra tap 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, consistini g of the Duke of Manchester's regiment of cavelry, 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. I❑ 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 hvo 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 places where vacant frontages existed stands had grown up filled with gaily-dressed spectators, flags floated from 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 gsurs— " You would have thought the very windows spake, So many greedy looks of young and old Through casements darted their desiring eyes." 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 is only at a place like one of oar Universities that such a gathering could be held. Ail 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 tbat is grace ful and lovely in nature, and representatives of all that 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 licence, 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 mans deepemouthed 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 ?" immediately followed. The cheering for Professor Kingsley was very hearty, and that for " the South" loud, but not altogether unanimous. Lord Granville entered altogether un noticed, and took his seat at first beside Lord Car narvon, who was one of the earliest of the distin guished visitors who appeared on the platform. Apparently thinking that too close proximity to an Opposition peer might be undesirable, Lord Gran ville 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 time 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 Wales. Lord Palmerston, h )wever, expressed his willingness to wait until the second day, in order that the honours on the first might be limited ex clusively to the Court circle. " Three cheers for Balwer 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 oy the Vice-Chancellor and the Earl of Powis, he got three more hearty cheers from galleries and floor. Its grace took his seat upon the dais; and at 3 o'clock precisely the Princess of Wales was conducted to the chair of State reserved for her. Unw her royal highness had reached her place there was a respectful hush, but the moment this was attained the cheers of the assembly, again and aga=in re newed, poured forth in deafening volume to wel come her to the headquarters of the university. Cho Prince of 'Wales, accompanied by the Duke of Cambridge and the members of his household, all in the scarlet robes of Doctors of Law, entered shortly afterwards, and his royal highness received a wel come little, if anything, short, in point of enthu eiastn, to that already bestowed upon his consort. The 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 he feeling uppermost in their minds. Commensu rate groans for " Austria" followed, and seemed likely te last for an indefinite period, until suddenly some ono, with a sense of propriety stronger upon Nina than the rest, invited " three cheers for the go:cep," which were given with right goodwill, and then the assembly settled down to business. The Prince of Wales, in the first place, was installed a Doctor of Laws, his admission at the hands of the Doke of Devonshire being preceded by a short ad dress in Latin on the part of the public orator, and, as this was the event of the day, the acclamations were of course proportionate. His Royal Highness the Duke of Cambridge was neat admitted, a refer ence being made by the orator to the share wh ich he had taken in the dangers of actual war. The public orator (the Rev. W. G. Clark) 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 constant loyalty of the University, for which nowaday s Soverei no credit Soverei g n had could be claimed, as our present b learnt how to reconcile the royal p rero g ative with popular liberties, so that prisoner no: any English refugees abroad. The address em pire there was no e nlarged upon the w hich had made domestic virtues of the Sovereign , 'op and sorrows, t h ro ughout the the whole people sharers in her a and referred to the career o f the l a te Prince Consort as an example to his son, That so n's love of every. thing English—sport as well as s erious matters— " wos insisted upon as an additional bond of union with the English people. And u ld not praise them Princess, the Orator said, be we • then , turning to the to their faces, because the Prioces of a free country ought to scorn even the Ewesf ence of flitter y , but sympathy and respect at the h a nds of subjects were offerings which P r i nces might g ladly receive, and this upon Danish this observation led to a dig" sew affairs, in w hi c h th e courage a nd patriotism of the King, her father, and the for p l a udits of the assembly. The Orator expressed an earne e t hope that the young fortitude of his subjects, were dwelt upon amid the Prince Albert Victor, when , a fter long years, he came to the throne, settled by the wisdom end mightcouragefiadall things quietly of his predecese The 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 Royal carriages grew so uneasy that General Knollys and the gentleman by whom he was accompanied were obliged to get out and walk the remainder of the distance. Time did not admit of the Corporation address being read, but the attention was bridle and gracefully acknowledged, and the Royal party moved on without further delay, and as Past as the numbers end acclamations of spectators would per mit, to the great Court of Trinity College. For once, the turf, whice ordinarily to touch ie to profane, had to submit to the pressure of a dense multitude. The wide quadrangle was filled with dignitaries o , the College and theie 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 of the doctors to give some relief to the ordinary gloominess of a collegiate assembly. Colleges are apt to stand eteutly upon precedent, and at one time it was imagined there might be e difficulty in admitting the cortege through the great " King's Gateway " of Trinity, as none but crowned heads 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 blind adhesion to collegiate etiquette was not suffered to mar one Ptior.l. Th e of the most striking featuies in the reps Royal party, leaving their cavalry r eecort outsid e , having entered the quadrangle , ' rile d pest the foun tain, and, passing before ' ;no steps leading to the great hall, alightPfa at Trinity Lodges Where they remained fora few moments, aed then, reappear ing, we,le conducted to a 'very tasteful little plat folm erected under a marquee beneath the shadow of the Dining-hall. To this point the Duke of Devonshire (Chancellor of the University), the Vice- Chancellor (Die Cookson), the Heads of Houses, Professor s and Members of the Senate proceeded in orr l eer 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 kindly remembrance of the period of his residence at Cam bridge; a hope was ventured that the Princess 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. Tee Prince read a short rep!y, 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 each being very succesofully indicated by the banners of tae various boat clubs, then marched past the marquee, 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, t h e University Volunteers, who meanwhile had pack e d themselves away in the closest column known t o m ili tary art, advanced thrown efde forward vr n a line i n as f front the t so centre, with both el an r k t, s as to form, when the word was given to halt and front, a hollow square about the platform, H er Royal Highness i n person then proceeded to deliver listof priz es . Li eutenant Colonel honour of receivi ng , in the fi rs t in eryr had dluathbele a ßa v ie e stance, the challenge cup given by P • the Prince of Wales, and Captain Ross (to whom two cups were presented for successive victories), Lieutenant Bazeley, Ensign France, and other members of the corps were similarly presented with prizes won in recent competitions. When the distribution had terminated, the Volunteers took up a new formation, and marched past, after which the distinguished sore— i" Patalumque regat patiiis virtutibus crime." Honorary degrees were then conferred upon Lord Spencer, Lord A. Harvey, Lord Harris, and Genera! Knollys, and the proceottlngs in the Senate-house were brought to a close by the presentation of medals to, and tee recitntion of prize poems by, succasful compAitors in the recent examination. At half-past six o'clock the Vice-Chaucellor (Dr. Cookson) and Mrs. Cookson had the honour of entertaining at dinner in the hall of Peterhouse their Royal Highness the Prince and Princess of Walee, his Royal Highne ss the Duke of Cam bridge, the members of h is Royal Highness's suite, Lord Spencer, Lord Alfred Hervey, Lord Harris, Lady Morton, Gen. Knollys, Major Tees dale. the Duke of Cambridge's Equerry, and the following distinguished company :—The Duke of Devonshire, K.G., and Lady Louisa Cavendish ' • Lord Granville, K.G., the Duke of Rutland, the Duke sncl Duchess of Mancheeter, the 'Marquis THE SUN, LONDON, FRIDAY EVENING, JUNE 3, 1864. Camden, the Marquis of Hartington, Lord Fowls, Lord Stanhope. Lord and Lady Hardwicke and Lady Agneta Yorke, Lord Carnarvon, Lord hichard Cavendish, Lord Eversley, Lord and Lady Palmer ston, the hit.lhO of sly. Lord Leigh i the Right Hon. Sir Edward Bulwer Lytton, the Right Hor. Mr. Walpole, Hon. Sir W. P. Wood, Sir Charles Eastlake, the Dean of Westminster, Dr. Phelps, Master of Sidney; Dr. Whewell, Master of Trinity, and Lady Aflieek ; Dr. Okes, Provost of Itittg's ; Dr. Corrie, Master of Jesus ; Dr. Pulling, Master of Corpus; Dr. Bateson, Master of St. John's; Dr. Phillips, Master of Queen's ; Dr. Atkinson, Master of Clare; Dr. Geldert, Master of Trinity-hall ; Dr. Guest, Master of Ceius ; Hon. Latimer Neville, Master of 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 Railcvay, 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.. tar landowners. The evidence of Mr. Hodgson, chairman of the North British Railway, occupied the committee on the proposed Glasgow and North 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 committee, 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 Giocestershire, the Dahill) 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. sou PH EASTERN. A Wharncliffe meeting of this company was held yesterday at the Bridge-house Hotel, London-bridge ; the Hon. J. By ng in the chair. Mr. SMILES, the secretary, read the notice con• veniog the meeting to consider nine bills, in cow 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 had 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 had 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 Crenbroak, and the proposed extension to Tenderden and Appledore had been withdrawn accordingly. Tne capital required for the construction of the proposed new lines of the company would therefore now stand as follows :—For the branch to Westerham, L 70,000, instead of £lBO,OOO, and for the branches to Cran brook, and Hythe and Sandgate, £280,090, instead of £4so,ooo—together, £350,000, Instead of £630,000 as originally proposed. He thought the proprietors would not object to that reduction. Mr. Toogood (.he soiicitor) read the heads of a Bill for authorising the Sou;h-Eastern Railway Company to make and maintain an extension of 'heir railway to Wysterham, 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 Easter❑ Railway Company to make and maintain extensions of their railway to Craubrook, Hy the, and Sandgate, respectively, and to raise further moneys, to the amount of £280,000 on shares and £93,33 on loan. After some observations by Mr. C. Child as to the necessity of having a map of the projects in the room on such occasions, a formal resolution ap proving the Bill was carried unanimously. rhe Solicitor read the heads of the next bill fo► authorising the Charing-cross Railway Company to 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 woich £65,000 was for the purpose of subscribing towards the construction of an hotel in the city. Mr. ADAMS said the £90,000 would not be suffi cient for the purposes of the company, and that the directors should have applied for powers to raise £500,000. The CHAIRMAN said the directors thought it would be considerEd by the present bills that they were asking for too much money, instead of too little. The bill was approved. On the motion of the CHAIRMAN, formal resolu tions approving the following bills, which did not require any subscription from the South-Eastern Company, were agreed to :—A bill to authorize the construction of a dock, piers, a railway, and other works at or near Deal, and a navigable channel therefrom to Sandwich, all in the county of Kent; a bill for authorizing the extension and mainten ance 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 under taking) of other companies, bodies, and persons, and to amend the Acts of the company relating to Dover and to Margate; and a bill to authorize the con struction of a railway from Hartley and Cranbrook to Tenterden, in the county of Kent. Mr. WILSON, having expressed the gratification he felt iu consequence of the company having re cently establ'shed friendly relations with neigh bouring companies, moved a vo!e of thanks to the chairman 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 SOUTILEASTERN. The half-yearly meeting of this company was held on Tuesday at the offices, Gresham-house—Mr. S. Borradaile in the chair. The report stated that the terminus at Port Canning was still unfinished. Since the opening of the line vessels aggregating about 7,000 tone had visited the port, bu' 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 app - oaches 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. S o far as the water site and channel were concerned every day's experience served to prove the admir able fitness of the Mutlah for a first-rate port. The superior cheapness, safety, and easy access of the Mutlab. as corbpared with the Hooghly, was now beyond dispute. The iron jetty, on whiob the con venience of vessels and the returns of the line in greet measure depended, was by the last accounts expected to be completed in June. No exertions had been spared to tednce 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 £131,517 had been expended, leaving a balance or £7,381• The total amount of guaranteed interest received from the Government to the 31st of De cember, 1863, was £63,594. The traffic receipts for the half year ending the 31st of December last amounted to £2,494, and the expenditure to £3,029. showing a deficiency of £535. Oa the motion of the CHAIRMAN, the report was adopted; the retiring directors, Mr Burkinyoung and Mr. Barber, and the retiring auditors, Mr Goodchap and Mr. C. W. Johnson, were re•eleeted. The 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 us 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 fish this morning records the signal repulse of the attack which he made on the morning of Wednes day, the 18th. This time the assault was directed against Lee's centre and left. " After a desperate conflict, !Ewing throughout the forenoon, the Fede rate were forced to retreat, with the loss of 1,200 in killed and wounded." After the wholesale slaughter of the previous fortnight these numbers may appear almost trifling, but to an invading force a defeat is, in one sense, more damaging when the loss is small. It stems 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 better part of valour. This inference is confirmed by the sentence which follows. A counter-attack is :ttated to have been afterwards made by Lee upon Grant's front, though without titaness. When we remember that, according to a New York contema porary, a full week before this action, " the army or General Lee, beffl ad. and beaten lit every point, was in full retreat towards Richmond, pursued by the uncut querable old Army of the Potomac," tba tact of. his becoming the aggressor is sugges ; lye of many reflections. Tne same authority endorsed as " absolutely true" the information that Lieutenant-General Grant " was achieving e victory which will be crowned with the destruc tion or dispersion of the main army of Jeff. Davis, the occupation of his capital, and his flight as 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 Washington 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 19th) Ewell gained Grant's rear, and attempted the cap ture 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 as 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 awkward predicament. it is true that Mr. Stanton had undertaken to reinforce him with "25,000 vete ran troops 1 ,, but we are not told from what 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 milie tary critics at New York took care to qualify their triumphant vaticinstions by making them condi tional 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 t bought, 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. Another paragraph in the telegraph news of today shows how utterly these anticipations have been Lunfounded. There is still some mystery about Beauregard's movements, but we know, at all events, that after he was beieved to have joined Lee, General Ran som, one of his subordinates, surprised General Butler in one direction, while a second detachment of the same force surprised General Buldy Smith in another direction. Mr. Stanton himaelt ad mitted that the lam!' was at first driven back " with some conftle.ion," but asserted that the attack on Butler was ".handsomely repulsed." That General, however, by Mr. Stanton's own showing," retired"—though "leisurely"--" within his own lines." The exact nature of this strategic movement is explained by our latest accounts : " The Confederates captured General Hickman with nearly his whole brigade and right or ten cannon, and drove the whole Federal force to their in trench• meats at Bermuda. The Federal loss it killed and wounded is admitted to be 2,500." Meanwhile Beiuregerd, so far from having despatched all his available troops to the assistance of L-e, was ac , uatly in farce, on the 21st of May, in ( a. Butler's imme diaie holt, ant' was preparing to as.sanit his en trenchments. Should he have been successful, all 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. It 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 expectations in the North. On the 14th of May Mr. Stanton reported that Sherman had forced his antagonist, Johnston, to evacuate D Alton in the Chattanooga 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 he was still "in vigorous pursuit," his supplies abundant, and his animals fatening on the pastures and grain fields. By the 20th he had arrived at Kingston and occupied Rome ; ay the 21st he had reached Cassville, and a great battle at Atlanta was considered imminent. For the sequel we 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. If it should fall into the hands of the Federals, it will no doubt be a valuable position, 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, however, on the fate 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 bellion though the Army of the Potomac were annihilated and Washington taken. We speak of no impossible contingencies. If Beauregard were to dispose of Butler and gain Lee's camp before Grant's reinforcements could reach him, nothing, we imagine, coutd save the latter from an over whelming defeat. Such a defeat is ruin to an army which has staked everything on victory, and has no defences to fall back upon. Unless Grant can maintain a superiority in the field, it becomes a question whether he will be able to recroas the PotomNc with more than a remnant of his force. We know too little of the resole ces at the commeed of the Confederatei, and have bad too many examples of their comparative weakness for aggres sive purposes, to venture on any prediction at this conjuncture. All that we desire to point out is the importance of political issues depending on it. Supposing Grant's prodigious sacrifice of men to be fruitless, and his military reputation to be wrecked, what will be the probable effect on public opinion in the North ? The war party will doubtless be more furious than ever, but will the war party be dominant any longer ? Will the policy forced on President Lincoln by a section of the Republicans survive the financial and moral collapse that must follow such a catastrophe? Or will the pacific sentiments of the great masses, who have "no interest. in wrong," make themselves heard for once above the din of boisterous passions, demanding either a change of policy or a change of President ? We cannot tell, but we may at least hope, for the sake of humanity, 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 discussed to-night in the House of Lords, has, in one particular, encountered en amount of adverse oriiicism 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 d e b t or money demand not exceeding £2O, "unless within one year after such debt or money demand, or some part thereof, became due and payable." The object of the Lord Chancellor, as stated by himself, was to protect the artisan and the agricule tural labourer from the evils of that system of long credit which generally ended in consigning the debtor to the county prison and his unfoetunate wife and family to the parish workhouse. Gsedit, both in great and small commercial transactiSseei is a matter too important and too dependent upoti established habits and customs to be safely dealt with on mere grounds of favour or benevolence t o a particular class. If the artisan and the agrieul . tural labourer have a right to ask Parliament to diminish the statutory period of limitation from slvs years to one year, surely the small tradesman, whose interest is quite as great, has a right to be head on the other side, and to show, if he can, that the preps,sed enactment wou'd in reality confer no benefit upon file labouring classes, whilst it would. drive those situaieti as himself to immediate bank ruptcy. But the argatriSna may be put even higher. The small tradesman is dependent upon the whole sale dealer, and the latter upon the importer, for all articles, such as tea, sugar, and tobacco, whic h, though the produce of foreign countries, et' reckoned necessaries of life among all classes of our population. It credit be disturbed at the basis or our social system, where the insignificance of each transaction is more than compensated by an enormous aggregate of dealings, the shock will reach the very highest class of merchants, and az) 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 ques tion of this kind we prefer facts to mere arguments, and we therefore proceed to show the probable bear. ing of the section upon the London shopkeepers who needs not necessarily be a small tradesman, and whose customers need not belong to the labour ing classes. We know the case of a tradesman at the West-end who has every year on his books four thousand accounts, each for a sum under £2O. His rule is to send out his hills at the end of the year, and he states that if he were compelled to collect them within a twelvemonttt he might as well shut up shop and retire from business altogether, or wait for an inevitable resort to her Majesty's Court of manufacturer of Bankruptcy. In another case the an article of i g eneral ret a consumption,ilshopkeepers, sotes that if who supplies several thoneen: such a law was obi:jatory upon him he e . ould not continue to carry on hie business; that he endea vours as far as possible to iStnit credit, but that the constant litigation and oppression which wout: l ensue from the proposed limitation to one year would deprive him of his customers. But the ques tion may be viawed in another aspect. Is it kind or humane to require the working man at all times% and under all circumstances to pay that which itr reality amounts to ready money P When w, rk is 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 inducts him to take part in one of those strikes which often end in scenes of outrage and violence. We therefore' say, on behalf of the working man, the small shop keeper, and the wholesale dealer, that the proposed' period of limitation is 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 subjects. But it one year be too short, is the old state ory period of six years too long ? believe that all controversy in this respect will be' settled by the noble and learned lord accepting two' years as the period during which a debt or money demand under £2O can be recovered. If this moth' fication be adopted in conjunction with those pro visions which abolish imprisonment except for cer tain defined (deuces, fraud, reckless extravagance lea living, &c., the law of debtor and creditor in respect of small transactions will. no doubt, be placed on e much morejust and satisfactory footing, and render the measure worthy of the reputation of its dis tinguished author. It is needless to discuss the " tally-man" grievance, because we perceive that Lord St. Leopards has given notice of a clause which will provide an efficient remedy. He pro poses that no debt of this kind shoaid be recover able unless the order had received the sanction of 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 be formed of their utility until we see the code of orders which is to prescribe the procedure. We in tend, however, to return to this subject of equitable jurisdiction and to the short system of bankruptcy in small debt cases which, we believe, constitute two of the most valuable and important features of the Lord Chancellor's measure. The latter We especially commend to the attention of the com mittee now sitting to investigate the operation of the Bankruptcy Act, 1861. COUNTRY MARKETS. BIRMINGHAM-THURSDAY. There was an increased supply of English wheat today, but the demand was slow, and last week's prices advanced Gd to is per quarter. Barley nominally unaltered in Floe. Beans and oats were rather over late quotations. Peas firm. —English wheat was sold at 40s to 44s for white, and 36 0 to 42s per 36 stone for red. Barley, new malting, 30s to 38s per qr; grinding, 18s to 24s Oats, old, 22s to 305 per 30 stone ; Irish, ‘fis to 245. Beans, 34s to 40s per qr. Peas, 32s to 38s per 36 stone. BURTON- ON- TRENT—THURSDAY. Old white wheat..4ls to 45s I u:d red wheat, ..40s to 42s New do. , 399 to 44s I New do. ..37s to 415 Malting barley..,.32e to 358 I Oats 2os to 30 5 Grinding d0.....26s to .29s I Beans 348 to 426 MANCHESTE.R—THURSDAY. A very limited attendance at our market to-day, en d but very title bu , iness doitg . Wheat and flour both hel d for previous quotations. oa:s id to Id per bu6hel dearer. Oatmeal at late prices. Be a l 61 to Is adyanee. corn was 3d to 6d per qr highet'• BRISTOL—Tip:LIM:uIt. A small supply of English wheat, which met a ready sale, at an advance of is per qr. r ore.ign more dealt inj at prices unobtainable last week. Barley ruled slow, 6111 brought late rates. Beans, peas, and Indian corn fully 61 dear, but dull. EDINBURGH GRAIN—JUNE 1. To-day there was a better supply of grain, which so ld at is above last week's prices, with an active demand. Wheat on the top Os 6d up.... average 2s 3d UP. Barley on the top Os 6d up average Os 5d uP• Oats on the top 2s Od up average is Id down Beans on the top is Od up... average 2s 8d up. Avel age Prices. 19s Wheat. 39s Id I Oats. 3 8 s v‘. Barley 34s 6d Beans Total Supply and Sales. Wheat .. 906 qrs Sold 450 qrs 8ar1ey........ 150 qrs Sold 113 qrs Oats Beans 473 qrs Sold 73 qrs Flour sells as follows :—Whites, 3780 d.; extras, 353 0 , 1 superfine, 33s Od ; fine, 308 Od. NEW JOINT-STOCK COMPANIES.--A Parliar:den' tary return, moved for by Lord Overstone, shows that be` tween the beginning of last year and the 18th of May it' . this year, 1,176 new joint-stock companies with limited liability were registered, and the total number of share s created reached the enormous number of 13,348,401. There' is, however, some qualification of this statement in a n°te r appended to the return, to the effect that the registrar o f joint-stock companies is unable to state how mail o f the shares have been really subscribed for. The persons sr" registered these companies had only subscribed for 672, 39 e shares. Births. ----- ABUOTT.—On the let inst, ' at Grove House, Totten''s* the wire of Arthur R. Abbott, of a son. ANLEY.—On the Ist inst., at 7, Hoe-park-terrace, . mouth, the wite of Captain F. A. A n l e y, Royal Artillvi of a son. BLADES.—On the 2d i ns t., a t P enge , t h e w ife of Jr. Blades, of a son. STACEY.—On the let inst., at Whitchureh, Glaraorg4. l ! ' shire, the wile o f th e R ev . C yr il St acey , o f a daugut" Marriages. rd, --M EYANSUMFORD.-011 the Ist inst. , Corn° at Little 88 11• • Anthony Evans, Esq., of 3, Tavistock.place. 111,-„ra square, to Lucy Loui s a, second daughter of Geo. I ' 4 " ford, Esq., of Little Cornard. TAYLOR— . INDALE.—On the let inst , at Alinalt— al) e r II er John Hirst a aylor, Esq. 9 of Grove House, Windelrbo to Annie Elizabe'h, the , aldest daughter of the lat e '° Tindale, Esq., of Rose Villa, Ahnondbury. Deaths. BEARD.—On the 31st ult., at 4, Clarence-place Stockwe4 11 ' Charles Beard, Esq., ormerly of the H0n.,8.1.C•- aged 78 CANNING.—On the Ist inst , Allen Canning, Esq., ()f 1-4111° don Cottle, near St. Albans, aged 56. of CoLEnY.-0 Essex, n the3atsgted 78.u1t.. suddenly, William Co lebh Stratford, CORNELL —On the Ist inst., at Bexley-heath, fi r ' Cornell, aged 66. CHENEY —On the Ist inst., at Castlegate, Granthalui 11 10 Chtney, aged 88. ert HE sox. —On the 31st ult., at Brighton, M r ' ''''" l3 Benson, of the Strand, aged 48. ear - MARTINDALE —On the Ist inst., at 20, Brunton°. 'igo. dens, Kensington, Benjamin Martindale, Esq., age d ,„. WOOD.—On the 30th nit., at Grafton-square , Clapbe Mr. Arthur Wood, of 16, Clement's-lane, city, aS 48. • London : Printed and Prbiished by WILLIAM AND.- - 1 , 1 2„ of No. 112, Strand, Printer, at I..na SUN Cottau Office Strand, n the Precinct of the 'Savoy , n the MidellczcX.—Friday, June ,?,, 1861.