The Sun. — London, England, 1854-05-09 00:00:00

~/ 100 sow. RI 5 wily if ; jockeys winner of .ar after the nner of the urnulative ; pay 5 sous. Age st lb .4 10 6 ..5 10 0 ~ 4 10 0 . 6 912 t 4 910 ~ 3 8 4 LL PRODIJON [(led ; for 2- ;rtain allow- itton (61b) raugh-a-Bal - Caurouch's. value 100 ,epstalces of horse to re• winners ex- Age st lb •4 6 6 .. 4 6 0 .. 4 6 0 3 6 0 3 6 0 3 510 .-3 510 ▪ 3 510 .. 3 5 10 .. 3 5 6 .. 3 5 6 .. 3 5 6 .. 3 5 6 .. 3 5 2 .. 3 410 s 3 410 ke ... 5 8 5 ... 5 710 es, and the L PROMO/ 3d, for 3-yr lain allow and ha. 10 [ Marshal galian (31b) hbox (61b) st Mr. E. Ich. ft, with 30 6st 121 b ; , Bst 101 b. ,h 30 added/ yr-olds, 813 , 1 Grosvenc , and 5 on iy ❑ers extr: i ; -pole on co rlongs. '2B Age st lb .. 4 6 10 ~4 6 10 ~ 4 6 6 .. 4 6 4 .. 4 6 4 .4 6 0 3 5 L 2 ~ 3 5 6 . 3 5 6 3 5 0 e, added to ; second to the winner is weights more lora, in any of a distan ee ; Age st lb .3 6 2 .3 6 2 .4 6 0 .3 6 0 .3 6 0 .3 6 0 .3 6 0 .3 6 0 3 6 - 0 3 5 12 3 5 12 3 5 12 .. 3 5 12 - - 3 5 12 .. 3 5 12 ▪ 3 5 12 .. 3 5 12 .. 3 5 9 . 3 5 6 ▪ 3 5 6 •3 5 6 .3 5 4 • 3 5. 0 train will , to reach inesdr k y at ion to. the id 12 a.m., Marcus's male night °ruing, at ept beano ,ur market, BEAN. 1 s2s Od. 49s 6.1 45s O. ~ 329 sold , ~ 351 sold ~ 442 sold ▪ 11.9 soldl 42ths :42ths -12ths '42thii rice 33 04 ae before, Eerier town, and. 9 Od down. Inferior.. . 54s Od .. 26s 83 , . 35s tia 4Th al to 34s 6 3; 401bs 1 er 1; bark y, 68s Od to to 78s Id, per bol 1; ef, per 1 b,, 6d to 8d ; to Os Od. ; to Os Od ; oto 12d.. ; 3s 0..1 As tto, 2s I turkeys , l; butter 00s 0 ; ale pri. :es 1 ; pork, to Os 0 i; ial stoi 0 42s o ; rapeseed ; ; baker; 3 Ito 42s 0 I he Hon • 101. Cod Dn. hfn ;ow, th. a Tlebo?ep Napier , d, Ea 4• •Colonel the En 1- of Gle?- a Regi- Isabella DUNG. ;041 2 , anty.of GREAT -WESTERN RAILWAY.- (MESTER RACES—GRAND CUP DAY, May loth.—An EXPRESS EXCURSION tRAIN will leave Paddington on TUES DAY, May 9th, at 5.45 p.m., to reach Chester at about 11 45 p.m., t n ac d t, wlll 40s. and ret ms return on the following day, at 5 . 20 p.m. —Fares there and RANK OF BRITISH NORTH AMERICA. Incorporated by Royal Charter. The Directors oi the Bank of brit sh North America do hereby give notice, that the YEARLY 01,0 E NF.RAL MEETING of PROPRIETORS bi• h e ld ursuant to Deed of Settlement, on Tuesday, the 6th June noxt, at the at e of the Corporation, 7. Bishopsgate - street , One o'clock precisely, when the elixtion of three Directors,, in the Pence of those going out by the provisions of the Deed, will take By order of the Court, G. DE B. ATT WOOD, Seure Lary London, Bth May, 1854. IN T - VENTIONS IN LETTER-PRESS PRINT :2G. —Types A•hich any man, worn in or child can coinp . se. Ant.VIF four times (Nicker than usual. OLT COMPOSING. kIN(3-ROLLER • beyond comparison superior to those at t employed. Costle=s y' es for the Blind. Types ~overed Pith Principle powerful, metals, Printing Machinery on an absolutely novel t a tpeole,,„ P o werful , compact, &c., &c., &c. The Inve Itor, Major , n in SKI, will m•ke good the above cheering announcer! tent in 10 ,nin LECTURE, at Willis's Rooms, on %V EDNESDAY, May Gi ' E a, l• 8 o'clock in the Evening ; the Right Hon. TIIO A AS MLLNER Tickets, M.P., in the Chair. Admission, free ; t, eserved Seats, by p a ` l - 4, to be obtained at the Offices of the Patent Printing Com vilei. Waterloo-place, Pall mall, and 31, Is i c h o las-lane, City, .........2 511 ustrated pamphlets may be procured. ____.---------_ THE PATENT PRINTING MACHINERY Provisionally nd PRINTING —BENIOWSKI 8 PATIENTS. Registered. C To OMPANY. be incorporated under the 7th and Bth capital Victoria, cap. 1 10 . , 130,000/., in 65,000 Shares of 21. each. 11. to be paid on allotment, .b..... with power to increase it to 250,0001. p rio Vincati in for Shares, in the usual manner, to be made to /trews. st, R and Brown. ' - f 'Change-alley, Cornhill, Brokers to the Coo pan ; for toarbe Sleaden, Esq., 14, Parliament-street, Westminster, Solid-- Plac e t p h e Company ; or at the offices of the Company, 5, Waterloo all-mall, and 33, Nicholas-lane, Lombard street, No appli cationor Shares will be received after the Ist June next. ROYAL AGRICULTURAL SOCIETY OF ENGLAND. LECTURES AND GENERAL MEETING. °Pell to the admission of all me mbers of the Society. W~DKlsbAy, May 10, at Twelve o'clock, Professor Way's Lecture : " On the Progress made in the Manufacture of Artificial anures." ''' D AY. May 17, at Twelve o'clock, Professor SIMONDS' Lec ture: "On the particular indications of Age in Ani mals, as furnished by the structure of the Teeth and the general developments of growth in Cattle, Sheep, Mo and Pigs." May 25, at Twelve o'clock, GENERAL MEETING of the Nirgb,,,, Society. B DAY, May 24, at Twelve o'clock, Professor SIMONDS' Lec- NrEb,,, ture, continued and concluded. ES I'aT, May 31, at Twelve o'clock, Professor Wav's Lecture : "On the nature and use of Peat Charcoal, and other deodorising substances, in reference to Agriculture." At the Society's House, No. 12, Hanover•square. By order of the Counc il, May 3, JAMES HUDSON, Secretary. 1854. llil 4ll ON LIEBIG on ALLSOPP'S PALE ems,, n --"E.—"I am myse a admirer of this beverage, and my exPerience enables me lf to recommend it, in accordance with able ot the most eminent English physicians, as a very gree anct efficient tonic, and as a general beverage, both f a r the inv~id And the robust.—Giessen. May 6. /I,?P'S PALE ALE ONLY is BOTTLED by PARKER and Beer Merchants, 5%, PALL-MALL. (for MEASURE.—Quarts, Ss.; Pints, 55.; Half-pints ' neh e ol : l ), 3s. per dozen, Also in Casks of 16 gallons and Ws. CONTRACT FOR RtTlki. Department of the Comptroller for Victualling and Transport rim Services, Somerset-place, s th May , 1851. JU Y aE Commissioners for Executing the Office of • Lord High Admiral of the United Kingdom of Great Britain 15 I reland, do Hereby yGive Notice, that on THM eaISDAT. the 18th ..'ant, at One o' c l oc k, they will be ready to treat with such per -I,Z as May be willi ng to Contract for supplying and deliver in g , `"w her - Majesty's Victualling Stores at DEPTFORD — When to be delivered. • Half in three weeks, and the re fit Gallons.o mainder in three weeks after• • • •• • • ''''''' • • 20 ' °°6 wards, or earlier if pre:erred by the party tendering. The R te n , , UM to be exempted from the customs duties , and pa r t ies "` T Mg are to state where 't is lying. to,_,nders will be received from any firm for any portion of the `:• 1 quantity not than 2,1'00 gallons. u l na_ Pies of the Ruin to be sent in pints for each import mark, and j a ve rage strength of each mark ex to be et a, ed, and • as average of different marks or strengths of several imports, and any Parcel of R..m that is found not to be o f the s ame q ualit y , De rbark,or average strength of the sample tendered and accepted will e z Jected by the officers. are ,ri r e samples produced by persons whose tenders are not accepted "°t4l equested been le be to ided. ken away by them immediately after the con ,,. have dec .0 ender will be received unless made on the printed form pro iiu!d for th e purpose, an d w hi c h ma y b e obtained on application s' e 'Laa said Office, -Sr to Commander Bevis, conducting the Packet ree at Liverpool, or to the Collector of Customs at Bristol. ti 'um conditions of the revised coatracr, to wolch particular atten .o,llsis called, may be seen at the said office, and at Liverpool and tol. No tender will be received after One o'clock on the day treaty and it will not be required that the party tendering, or an i a gent on his beh a lf, s hould attend at the ffice on the day of con „„raet, as the result of the offer received from each perso n will be walMuncitted to him and his proposed sureties in writing. Every tender must be addressed to the Secretary o f the Admiralty • I +4 bear in the left-hand corner the words " Tender for Rum," and lanati also be delivered at Somerset-place. ESTABLISHED 1841. MEDICAL, INVALID, AND GENERAL LIFE OFFICE, 25, Pall Mall. Since the establishment of this Society, 5,074 Policies have been Issued for 2,090,0291. with 10,3,5 of annual premiums. Two Bonuses have been declared (in 1848 and 1853), adding nearly I per cent. per annum on the averaga to sums assured, and by which Policy of 1,0001. issued in 1842 on a healthy life is now increased to 1 ,2601 Profits divided every five years. Assurances arc effected at home or a broad on either healthy or 'Teased lives, at as moderate rates as t he most recent data will allow, Policies issued free of Stamp duty, and every charge but ths Pro *Warm. A gents wanted for vacant places. pr ospectuses, Forms of Proposal, and every other info rmation, y e obtained of the Secretary at the Chief Office, or on applies uon te any of the Society's Agents in the country. F. G. P. NEISO , 7, Actuary. C. DOUGLAS SINGER, Secretary. SUN LIFE ASS IJRANCE SOCIETY London. OF PROFIT INCREASED FROM ONE-HALF TO P ollciea FOUR.FIFTHS. r ni effected with this Society after Midsummer, 1850. and ,I,*e aT ng in force at each Septennial period of division, will PARTI E FOUR-FIFTHS of the Net Profits of the Society accru -t t4sTer Midsummer, 1850, in proportion to their con tributions to Fa_ ,3, Pren ill an according to the conditions conta ined in the 3,1!51 Prospecdtus. rte 10 Premiums required by this Society for insuring Young Lives re,,,:tver than in many other old-established offices, and Insurers tli tto '"u9 protected from all risk by an ample guarantee fund, in ad- Pr n to the accumulated funds derived from the investments of n un " • 1 4. 3 -el Stamps paid by the Office. 44_,Vectuses nay be obtained at the Office in Threadneedle-street, un, or of any of the Agents of the Society. CHARLES HENRY LIDDERDALE, Actuary. Cr It AVESEND STAR li PACKETS. ,2 othe r r , 411 s P a c k ets nd ae.eis call at the-Graxs, Greenhithe, and Purfleet Piers. call at the Piers as u erlined (weather permitting _ - FROM TERRACE PIER, GRAVESEND• SUNDAYS. Terra ce Pier. Time. N 8 , 4 lli Oi t 34 Direct Trains froi ev?ry Ili nibmies from Quarter of ar '13.14.8 W1CK WE lowing Tr rm the Boats marked t L Fenchurch•street Station to all parts of London n hour. UMW, BLACKWALL, on the arrival of the fol rains from the Fenehurch-street Station. WEEK DAYS. SUNDAYS. et en. 5110 .4 si Fen- t E t lirth l a i ,6 ''' ' church ' i ' - ' - _ a ? . ' , E E V, .= Street 4 6. l a t 6 % Street. A 8 6 a o s co ,-. 8 w ---.. r x ---± 70: - - - - III; 12,4 _ _ _ _ 4IA — II +_ 2 1 4 _ bih —3% - * - ------___ 6lA —6% ___--:____________7_ Passages marked * are , direct. Fore Cabin. Saloon. To Or from Gravesend and London ••• ••••• • • 10d. .. Is. 2d. Gravesend and Blackwell or Woolwieh Bd. .. Os. 10d. Between Gravesend and Intermediate Piers.. 6d. .. Os. Bd. BOAT TICKETS.—TweIve Months, 51. Os.; Six Months, 31. Os.; Three Months, 21. Os. ; to be had of the Collectors on board the Packets; er of Mr. Monk. Terrace Pier, Gravesend. Jest and superior Packets to be Let for Excursions. Apply to W. Morgan, Agent, Star Company, Star Office, Fenchurch street T erm i n us, Blackwell Railway. April 23, 1854. PUBLIC a e c l yt is b cl ee shaken o f CONFIDE NCE .- w c c t o h n e fld ß en u c ss e ian is s n m ot a lik y s. It matters but littl p e u how ''',Jlilland and France t . eagerness to invest on national money is forthcoming for any event; the "4tional security is quite unprecedented. This is principally the re cruit („_ sa : v _f n our commercialtri greatnessed and the justice of our public Dan. universally-known, and everywhere-ap- D s , '" 8 . The long-tried , business of E. VO4EF.4 and SON is the precedent of all "crls improvements, and has inspired a gr -ater amount of public tans of trade. That confidence will be F„sience than any other is Which, in mstertals and designs. and "LIY sustained by their Present Stock of Spring and Summer Attire, ia eh, as it combines every novelty l a e ta insist seasonable Dress for Juveniles and s &sits of all classes, their purchases or orders at me argsd such economical prices that each individual's share in . cost of war will be fully refunded by f Mons and SoN's Establishment, or their West-end Branch, Ox ord-street, corner of Hart-street. Co lidence of success has P and in the Order in i n nt business . . o r n every branch of their snag , ifice Boot and Shoe. Shirt and ropelled the energies .of E. Mons and Is s - j ea dY - made Clothing, Hat and Cap. Departments, it is dig' e rs, or gigantic Who esale and Ou confidence, though it is pl at'' to say tatting which first inspires pub is known; and by '' t hcY all possess it to a larger extent than everwas ness, accom_ D am loPeriority, fashion, novelty, variety, andetc% Moms and Se a " With punctuality and undeviating attention, h and out and s „ . 4 re determined to keep the first position in .; publicirt Confidence. R h 4- ' O.. !tons and SON'S Wholesale Clothing, • Departinsnts furnish the greatest advantages' to Merchants, shi ppers,, and Emigrants. sA IJTION.—E. MOsES and SON regret having to guard the Dabli r als „ s e against imposition, having learned that the untrades " It's ffie "soood of " Being connected with their Establishment," or for ob v i " ' li c concern," has been resorted to in many instances, and asan-llke NOreasons, they beg to state that they have ° coNNEXION WITH ANY OTHER HOUSE IN OR OIIT OF LONDON, London xcept their own Establishments, as follows :- 86City Establishment, 154, 155. 156, and 157, Minories, 84 ir s T s 86 Aldgate, opposite the Church, all communicating. """01l West-end Branch, 506,507, 50S, New Oxford-street, 1, 2. , and 3, H ar t- s t ree t, a ll com municating. fsfadtord (Yorkshire) Branch, 19 and 20, Bridge-street. ''ncerliel3 Branch, 36. Fargate. 5,,,-.olonial Branch, Melbourne, Australia. si s ' i s erchant Patios , Clothiers, Hatters, Hosiers, Furriers, Boot end -. 7zi M akers, and General Outfitters for Ladies and Gentlemen. aIt •TPORTANT.---Should any article not give satisfaction, it will be .. cll anged if desired, or, if preferred, the money will be returned t Paollt hesitation. All goods are marked in plain figures, the lowest Pnce, trom which no abatement can be made. on Establishments are closed from sunset on F ridays to sunset n / tutclaYs, when business is resumed t i ll 12 o'clock. A ai;,; news Book, with illustrations, entitled" Th e Echo o f Public Opi it ,-- contalni sg 'till lists of prices, our sys tem of eelf-measure. ( ! lt, &c ' lz.e., msy be /lad on application, or post-free. ___st handsome Almanac for the year endlug 1554 can be had, gratis, Vn application. Lei roll Darla Francais. Qui ai parla Italian. "NC Plirkilt ManDatich. 6ciaa pi higgl NNW. _-_ __~__ '1'8 7% 1 4 lalf. No. 19,226.] Tue FIFTH VOLUME IS NOW READY, Price only 7s. Gd. bound, vi , th portrait, of the CHEAP EDITION of MISS STRICKLAND ' S LIVES of the QUEENS OP ENGLAND. Comprising the Lives and Portraits of Anne of Denmark, Queen of James 1., Henrietta Maria, Queen of Charles 1., and Catharine of Braganza, Queen of Charles 11. Published for Henry Colburn, by his successors, Hurst and Blackett, i 3, Great Marlborough-street. NEW EDI [ION OF BURKE'S PEERAGE. Now ready, in 1 vol., with 1,500 Engravings of Arms. THE PEERAGE and. BARONETAGE, For 1854. By SIR BERNARD BURKE, Ulster King of Arms. New Edition, Revised and Corrected to the present time from the personal communications of the Nobility, &C. In thi • comprehensive and authentic record of the titled classes, the memoirs of the various noble and baroneticat families, traced through all the vicissitudes of English history, throw much light on our annals, and are all-important to the historical render. Every tact illustra tive of a family's rise, every achievement shedding lustre on the race, every detail tending to the full development of the genealogical nar rative, are here combined. No descendant is omitted—however remotely connected, his ancestry may here be traced. In addition to these family histories, which form a perfect record of the nobility of Great Britain and Ireland, this edition has many other interesting features. Among them are the fo llowin g : —l. A Genealogical Account of the Royal Family, traced from the earliest period, and accompanied with a list of those Peers who are entitled to quarter the Plantagenet Arms. 2. British Sul:nects enjoying Foreign Nobility. 3. Extinct Peerages of which descendants exist. 4. Peerages claimed. 5. Orders of K n ighthood and Knights Bachelors. 6. An authorised Table of Precedence. &c. Published for Henry Colburn, by his successors, Hurst and Blackett, 13, Great Marlborough-street. NEW NOVEL BY THE AUTHOR OF "CHARLES AT/CHESTER." COUNTERPARTS ; or the CROSS OF LOVE, Three Vols , Post Bvo., is now ready, at all the Libraries. London : Smith, Elder, and Co., 65, Cornhill. MR. RUSKIN'S LECTURES ON ARCHI- V.CTURE AND PAINTING, are just published. With 15 Plates drawn by the Author, crown Bvo, price Bs. 6d. cloth. London Smith, Elder, & Co., 65, Cornbill. ANNOTATED EDITION OF THE ENGLISH FOETS. Now ready, Three Volumes, containing 904 pp., Foolscap Octavo, 7s. bd., bo lid in cloth, DRYDEN'S POETICAL WORKS, including the most complete collection of his Prologues and Epilogues hitherto published. Edits d, with a Biographical Memoir, containing New Facts and Original Letters of the Poet, now printed for the first time, with Notes, Critical and Historical, by ROBERT BELL. London : John W. Parker and Son, West Strand. Just published, New Edition, price is., THE CURABILITY of CONSUMPTION ; being a Series of Papers, presenting the most prominent and important Practical Points in the Treatment of the Disease. By FRANCIS 11. RABLIDGE, M.D., Fellow of the College of Physicians, late Senior Physician to the Royal Infirmary for Diseases of the Chest, &c. Also, by the same Author, A TREATISE ON AS ['M►lA and DISEASES of the HEART London : Longman, Brown, Green, and Longmans. SALT and CO.'S, EAST INDIA PALE AL E . In consequence of the REDUCTION in price of Hops, the 6s. per barrel advanced on this Ale in October last, is taken off. BURTON-ON-TRENT, MARCH 27th,1854. STOR ES. Lonclon•• •• .•• .. 22, Hungerford-wharf. Liverpool ............ 52, Henry-street. Manchester •• 37, Brown-street. Birmingham ••.. 26%, Bull-street. Bristol ..... • ........ Back Hall, Baldwin-street. Nottingham •• 44, Greyhound street. Dublin .. •• •• ••• 4, Crown-alley. Edinburgh .•.•• •••... 17, Downie-place. Dundee •• • • 13, New Inn Entry, High-street. GLENFIELD PATENT STARCH (used in her Majesty's Laundry), and SYOTHERSPOON'S Machine made CONFsC lONERY. MARMALADE, JAMS, JELLIES, &c. (which gained the Prize Medal of 1851), may be had of all grocers; wholesale of WotherAp: on, Mackay, and Co., 66, Queen-street, Cheap side, London, and Robert Wotherspoon and Co., Glasgow. THE BEST FIT WEARS BEST. " Costly thy habit as thy purse can buy ; But not expressed in fancy ; rich, net gaudy ; For the apparel oft proclaims the man."—SuaxsrEs.ax. lIEBISIENT and CO., Practical Tailors, 73, Cornhill. HEMMENT and CO., Tailors, 73, Cornhill, study the peculiarities of every figure, and, by satisfying its requirements, invariably produce a garment, whether a Lady's Bid ing Habit, Mantle, Cloak, &c., or a Gentleman's Coat, Trousers, Waistcoat, &c., that is specially suited for the purpose it is intended to serve, economy and quality being duly regarded —Liveries. THE CHOLERA!!! Prevented by the destruction of all noxious effluvia. CREWS'S DISINFECTING FLUID. RECOMMENDED BY THE COLLEGE OF PHYSICIANS. THE CHEAPEST AND STRONGEST CHLORIDE OF ZINC. Quarts, 2s. ; Pints, Is. ; Half-pints, 6d. Sold by all Chemists, Druggists, and Shipping Agents, and at Commercial Wharf, Mile End, London. Agents—Messrs. Drew, Heyward, and Barren, Bush lane, Cannon-street, City. ALLSOPP'S PALE or BITTER ALE. — Messrs. S. ALLSOPP and SONS beg to inform the TRADE oat they are now registering orders for the March Brewings of heir PALE ALE, in Casks of 18 Gallons and upwards, at the Brewery, Burton-on-Trent ; and at the undermentioned Branch Establishments: — LONDON, at 61, King William-street, City ; LIVERPOOL, at Cook-street; MANCHESTER, at Ducie-place ; DUDLEY, at the Burnt Tree ; GLASGOW, at 115, St. Vincent street; DUBLIN. at I. Crampton-quay ; BIRMINGHAM, at Market Hall; SOUTH WALES, at 13, King-street, Bristol. Messrs. ALLSOPP and SONS take the opportunity of announcing to Private Families that their Ales, so strongly recommended by the medical profession, may be procured in Draught and Bottles Genuine from all the most respectable Licensed Victuallers, on " ALL ,OPP'S PALE ALE" being specially asked for. When in bottle, the genuineness of the label can be ascertained by its having "ALLSOPP and SONS" written across it. TRIESEMAR, protected by Royal Letters Patent of England, and secured by the Seals of the Ecole de Pharmacie de Paris, and the Imperial College of Medicine, Vienna. TRIESEMAR, No. I, Is a remedy for Relaxation, Spermatorrhcea, and Exhaustion of the System. TRIESEMAR, No. 2, effectually, in the short space of three days, completely and entirely eradicates all traces of those Disorders which Capivi and Cubebs have so long been thought an antidote for, to the ruin of the health of a vast portion of the population. TRI ESE kf AR, No. 3, is the great Continental Remedy for that class of Disorders, which unfortunately the English phyPicom treats with Nfercury, to the in evitable destruction of the patient's constitution, and which all the sarsaparilla in the world cannot remove. TRIE .EMAIi, No. 1,2, and 3, are alike devoid of taste or smell, and of all nauseating qualities. They may lie on the toilet table without their uS being suspected. Sold in tin cases at I is. each, free by post, 2s. extra, divided into separate doses, as administered by Valpeau, Lailemand, Roux, &c., &c.—To be had Wholesale and Retail in London of Robert John ston, 68, Comhill ; Hannay and Co., 63, Oxford-street; and Sanger, 150, Oxford-street. ONPHILOSOPHY OF MARRIAGE, AND THE SF.CET INFIRMITIES OF YOUTH, MANHOOD, AND OLD AGE. . _ Just Published, 60th Edition, price 2s. 6d.. or free by post for forty two stamps, QELF-PRESERV ATI ON a Popular Treatise on the Physiology and Functieris of Mar riage, with its Disqualifications and Impediments, tracing their origin to the effects of solitary habits, youthful excess, tropical climates, or close study ; followed by practical remarks, founded on twenty years' experipnce in the treatment of Impuissance, Nervous Debility, Local Weakness, Spermatorrlacea, and all diseases of the Urinary and Generative System. Illustrated by 50 coloured Engrav ings, on the Anatomy of the Reproductive Organs and their relative conditions in Health and Disease. By SAMUEL LA'MERT, M.D. 37, BEDFORD-SQUARE, LONDON, D , ctor of Medicine , Matriculated Member of the University of Edin burgh, Honorary Member of the London Hospital Medical Society, Licentiate of koothecaries' Hall, London, /cc., &c. The essential object of this treatise is to point out the fearful con sequences resulting from certain habits, irregularities and excesses, which have produced more misery in Youth, degradation in Man hood, and premature decay at all stages of Life, than, perhaps, any other class of disease known to modern pathologists. Its peruse is particularly recommended to persons entertaining secret doubts of their physical condition, and who are conscious of having hazarded the health, happiness, and privileges to which every human being is entitled. It is absolutely necessary thatall men should know, that there are principles of personal management which cannot be violated without incurring grievous penalties, and when wisdom and regret succeed the heyday of inconsiderate self-indulgence, how these penalties may be mitigated, how the sting of their bitterness may be removed, and how the evil and its consequenc es may be avoided, and above all, that there is scarcely any degree of physical infirmity or functional d e rangement to which the timely aid of science cannot apply a cure. The Author has for a series of y ears been engaged in an extensive practice in the treatment of these delicate complaints, which are unfortunately teen too generally confided to the care of ignorant empirics, who inflict great injury on those who are induced to place faith in their pretensions. SELF-PRESERVATION may be had, price 2s 6d, in English, French, Spanish, Dutch, Italian, or German, of Messrs. Piper, • Brothers and Co., 23, Paternoster-row; Hannay, 63, Oxford-street; Mann, 39, Cprnhill ; Starts, Titchborne-street, Haymarket; or free by post for forty-two stamps, to any address from the Author's real , dence, 37, Bedford-square. , At home for conaultation daily from Eleve till Six till Eight. All letters must contain the foe of IL T w o, and from ON THE SECRET CAUSES OF SELF-ACQUIRED MISEZIES AND DISAPPOINTED HOPES. THE SILENT FRIEND. , enlarged a t n o d 2 cowl., In Six Languages — Fiftieth Edition. illustrated by NO THE REMEDY FOR PREVENTION OF DIEM/kn. One Hundred Anatomical Coloured Engravings and the - Esta b lish me n t, ~:6 p e cadr i. c e 2e . 6d., by post, from the New Edition r rHESILENT FRIEND, a Medical Work on y in o; ta th m e P s s y ' stem, produced by excessive indulgence, the mercury, with directions consequences of infection, or the abuse of lowed by observations on for the use of the preventive lotion, fol lowed it. Illustrated by Marriage, io and the disqualifications which PERRY and CO., Consulting 0 Coloured Engravings. By It. and L. Oxford street, London. Published by Surgeons, 19, Berners-street, and sold by Hannay, 63 y a Sherwood and Co. 23, Paternoster row,don, 146, Leadenhall-street ; '9sn(ill' Sanger, 150, Oxford-street; Gor don, Church-yard ; Bailer, 4, chea arringdon-street ; W. Sutton, 10, Petilr I. treats of the anatomy and physiology ; R Johnson, 68, Conthill. organs, and is illustrated by 28 Coloured physiology of the reproductive PART 11. treats of the consequences resulting Engravings. in dulgence, and their lamentable effects . from excessive mental and bodily weakness, nervous excitement, the system, producing !ncapacity. Illustrated by 10 Explanation F leinent, and generative PART 111. treats of the diseases resulting Engravings. the primary ore se form, and contains e rn . infection, either in _ p cit directions for their treatment. This section is illustrated b. d 6 2 Coloured Engrav ings. PART IV. contains a Remedy for the Prevention of Disease by a simple application, by which the danger of infection is obviated. PART V.is devoted to the consideration of marriage and its duties. The causes of unproducti,ve union are also considered, and th e whole subject critically and philosophically inquired into. THE PORDIA L BALE OF .. , Y RI %CUM is exclusively employed in treating nervous and sexual debility, impotence, &c.,1 is. and 335. per bottle. The Concentrated Detersive Essence, an anti-syphilitic remedy, for purifying the blood in cases of infection, secondary symptons, eruptions, and the abuSe of mercury, 1 ls. and 33a. per bottle. Perry's Purifying Specifln Pills, 2e. 9 d.* 48 . 6 d. , and 1 is. per box, a certain remedy for gonorrhoffi, gleet, stricture, and chronic inflammation of the bladder. Consultation fee, if by letter, ILA minute detail of the ca se is required' age, habits, and posi tion in societ3 . 51. 'Packets, with advice, to be had at the Establ , merit only , by which the fee, 11., is saved. 31E-ssrs. i'erry, Surgeons, street, Oxford-street, Lon are in attendance, daily, at 19, Benaers-- don, from Elam till Two, and Five to Eight; on Sunday from Slam to One. ✓%~ .. . . ~ . • . t . ‘ (, _.." !c... ,t, A --a lii. 6 , L: \N. 0, ' ,!. ii,..% 42,1' , s\ ,rno\__ ;.0 4 ,1 „ , ? .,.:4. .0 ; I :rr •4k- , 10 , 4, , 0 ., ._ ...,.. A, . ~„ , L......... .... , 11 , 4 4 . , ~.. ~,, —. O „,......,,,. ~, A , ~. j.Y, „, ~ lIIL ' . , * .., ; 4.. " , -•••) . I • 7 I . •: 9 :'. ' i f SV ., ;-4 . i '''''' N '' ' S ;Nap, 49 , Alirt*n., -, .' "!': 9 , Ata r ' 11' N t . k :12:-..., "' AllikitA; .....1 ). ,, 3 . f e s- .15.1111 L ~. . ~ ---l_f , - \ , - - , : , - , ,,bi t i,1%1 naw --.?„A.,,..,-,, IT + // LONDON, TUESDAY EVENING, MAY 9, 1854. time a single complaint had not real hed him on the sub- obliged to raise the interest on Exchequer-bills to a rate ject. (Hear, hear.) unduly high. At present they bear interest at 2d. a-day, METROPOLITAN SEWERS. or 31. per cent. per annum. Is that a rate unduly high or Mr.W. WILLIAMS asked the Home Secretary when he not ? What is to be the test, and where am Ito get the would bring in his promised bill to constitute a Metropoli- answer? I decline to take the answer furnished in the tan Commission of Sewers on the representative principle? mere unsupported statement of an individuale , (Cheers.) Lord PALMERSTON said the bill was in preparation, I We have the means of ascertaining what is meant by the and he hoped very shortly to be able to introduce it. term "unduly high." By "unduly high" we mean that CIVIL SERVICE OF INDIA. which is out of proportion to other transactions. I will Mr. SEYMOUR asked the President of the Board of take this test. At present it will be admitted that money Control when the first examination will take place for ad- is tight-not in a very high degree, but son'ewhat above mission into the civil service, and when the Government I the average of late years. Is the rate of Exchequer-bills will be able to state what the nature of the examinations above the average of late years? Ever since the peace 31. will be. ss. is the average rate of interest of Exchequer-bills; and Sir C. WOOD, in reply to the first question, said the now it is 31. Let me compare it with the rate of discount examination would take place at Midsummer, but with at the Bank. I have looked at the rate of interest at the regard to the second question, the form of examination Bank since 1840, and I find there is no occasion since 1840 had not yet been prepared. when the quotation of the rate of discount at the Ba nk has OATHS BILL, AND BRIBERY PREVENTION been, as it now is, at 5 per cent., when the interest on BILL. Lord J. RUSSELL said he prop ose d the Oaths Bill to Exchequer-bills has not either been 2d. a-day or more than In reply to Sir F. THESIGE R , 2 d. a-day. On March 15, 1812, the rate of discount of the Bank was 5 per cent., and the rate of interest on Exche comeg saw p on on the 25th inst. With respect to the other bill, more pressing business of the count r y made. (lefear, and goer bills was 24d. a-day ;in June, 1817, the rate of die he could not ive an answer until h e whatprogress the count at the Bank wasis per cent., and the rate of interest on Exchequer-bills was 2d. a-day ;in December, 1817, the a laugh.) rate of discount at the Bank was 6 per cent., and the rate SCOTCH EDUCATION BILL. Lord J. RUSSELL said he intended that this bill should of interest on Exchequer-bills was 3d. a-day ;in March, terest on Exchequer-bills was renewed at 2d. ; and in In reply to Mr. BAILLIE, 1848, the Bank discount was 4 p er cent., and the in come on on Friday next. May, 1854, the rate of discount at the Bank was 5 per cent., and the rate of interest on Exchequer-bills 2d. a THE FINANCIAL STATEMENT. day. So far therefore as the standard furnished by the The order of the day having been moved that the house Bank rate of discount is concerned, I apprehend you will resolve itself into a committee of was and means, Mr. agree with me that the rate of interest 2d, a day on Ex ychequer-bills is not a rate unreasonably high. I referred Bouverie in the chair, the other day to another test, and that is the relative effect The CHANCELLOR of the EXCHEQUER, said-Mr. which the same tightness of money has produced on the Bouverie, towards the end, sir, of the month of February, interest of temporary Governme nt securities in the only her Majesty's Government found it to be their duty to other country between which and this country any fair propose, and the house has been pleased to sanction, such the money rate of interest in April, 1853, on comparison can be drawn-namely, France. In France, Exchequer an addition to the expenditure of the country as would bills, was 2a per cent., and in April, 1, 185, it was 5 per necessarily entail an addition to its taxation. It was cent. In England, on the other hand, in 1853, it was Li also the view of the Government that that addition to per cent. • and in 1854 it was 3 per cent. So that, while taxation, the necessity for which was then demonstrated, should be made in the form of doubling yearly in England it increased by 100, it increased in France by the first 120 per cent. Now, I have given you these tests of the comparative rates in France and England, of the rate of payment of the income tax. At that period war had not discount at the Bank, and of the average rate of interest been declared, and it was totally impossible for the Go- of Exchequer - bills, and ask you whether I have not de vernment to form any reasonable or trustworthy estimate monstrated that you have got your Exchequer-bills at e of the expenses of the year upon a footing of war. It was very reasonable rate of interest, comparing the circum stances The first the begiobjectionnat wasbeginning of that ywhenyear, also impossible for them to judge at what precise time the wereduoe f ed th t e he ti r m a e t s e ? toolow at calculations connectedwithstate f things • a 0 happily so that we are obliged to raise it too high in the latter part novel to the most of us would be completed ; and they had of the year. I have shown that it was neither too low in to consider that the passing of the income tax, and the the one case, nor too high in the other. But one circum doubling of the first yearly payment, was a measure re- stance I ought to mention-namely, that the period of an easy money market was the period for reducing our un quired to be treated at a very early period of the session, funded debt. Although, as I have said, in March there because the machinery of collection connected with that was no disposition of the holders of that unfunded debt to tax is so complex and laborious, and the time requi re d i n reduce the amount of it, yet in June the circumstances had preparing it is so considerable, that, unless the house pass changed. 3,000,0001. of Exchequer-bills were sent in in it at an early period of the session, the tax is thrown cash, and a very great and sensible relief was the result. But as it has been said that this affair of the Exchequer-bills greatly into arrear ; and, in truth, if the financial state- has reduced the money of the country, I will just statehow ment had been unusually late, many payments that ought that stands. The charge on the Exchequer-bills of 1853, to be subject to that tax would have escaped it altogether, payable in 1854, amounts to 342,000/. The charge amounts, Under these circumstances it was, and because the course in fact, to 347,0001.; but then there is a deduction of 5,0001. was thought most constitutional by the Government, on account of payments in the selling operation of the bills at the time of the re-issue. With that I must compare the that on an early day I made an application to the house charge as it would have been if I had kept the rate of in for such a sum as they then thought necessary ; but terest at five farthings, instead of one penny, and therefore, they instructed me to state, that the demand then made of course, avoided the sendin g in of an y bills for mone y in on the representatives of the people was not a demand June, If I had done that, and if in consequence-which adequate to the purposes of the w ar-that it was that zi7lusld had the been sent in June, the charge would have been demand which we knew had been entailed by the on the March bills 175,0001., and on the June bills 227,0001., fact that we had sent an expedit ion to the East ; and makin g to g ether the sum of 402,000/. The actual charge, that in the event of a declaration of war, and of the con- however, has been 342,0001., and hence there has been an tinuance of that wax-on which we now must of course actual saving of 60,0001. (Loud cheers.) The right hon. gentleman (Mr. Disraeli) adverted to my having stated, in calculate-it would be necessary fo r me a g ain, on the p ar t estatement financial of the Government, to appeal to the house for an augmen- saving of 65,0001. upon the Exchequer-bills; but really, tation of that demand on the resour ces of the countr y . Sir, considerin g what were the vicissitudes of the year,l was that duty I now rise to discharge ; b ut, before I dischar ge not far from the mark in havin g estimated it at 60,0001. It it, it is necessary for my own honour, and for the respect is, of course, of little importance that a reproach should be which I owe to this committee, that I should advert to the cast upon me or any individual minister ; but it is a mat accusations that have been made, industriously enough, ter of great importance that this Committee of the House occasionally within these walls, and elsewhere, both that of Commons should form a clear view as to the principles the Government is liable to great discredit for the manner on which the department of finance is to be managed. A 1 in which it has dealt with the essential department of minister, and even a Government, is weak to cope with the finance, and that, in particular, the person who is now ade po wer s of those who are the dealers in the im p ortant com dressing you is totally unfit to be entrusted with the modity of money, and who are justified in seeking to give management of that department. Now, sir, there are value to this commodity. It is impossible for the Execu those who say that a period of war is not the time when tive Government to do justice to the country except on one questions of confidence should be entertained. To that I condition, and that condition is, the support of this house. reply that the period of war is the very last when (Hear.) Do not let it be said, "This is a time of war, and that important trust should be committed to the hands of do not let us raise this question." It is being a time of war a man who would exercise it to the discredit of his corm- that you should make up your minds whether this matter try ; and it is therefore my duty to advert to those emu- has been mismanaged or not. As to the results, they are sations ; and lam sure those who hear me-whether or before you. You have got your Exchequer-bills at a mode not they agree in all the propositions which I may ad- rate rate of interest-at a rate of interest, in fact, much vanee, and however largely it may be necessary for me to less than it has ever been, on an average since the peace tax that patience which I know to be unbounded-will -whilst there has been a saving to the country of not grudge me the time necessary to make them masters no less than 60,0001. So much for the matter of the Ex of the facts, as they have occurred, and inasmuch as they chequer-bills. That is a subject on which there can be no are the persons ultimately responsible to the people for the doubt as to who is the responsible party. I, for my part, management of the funds levied on their industry and have no disposition whatever to avoid the responsibility of their capital, lam bound to place is their bands all the my office. lam bound, indeed, to remind the committee information necessary to enable them to form a correct that the matter of the unfunded debt is one in reference to judgment on a matter so important. (Cheers.) Mr. which the minister is peculiarly responsible-and almost Bouverie, it has been stated, in the first instance-and alone responsible. It is one, of course, on which it is his although these matters are retrospective, yet they have a duty to get the best advice he can, and having done that, prospective bearing, and I hope the committee will to act according to the best of his judgment for the benefit not deny me the time necessary for their discussion-it of the community at large. Ido not seek for one moment has been stated, in the first instance, that there has been to shirk that responsibility. a gross mismanagement of the unfunded debt of the " Me, me : adsusm qui feci :in me convertite ferrum." country ; and the particular allegations, sir, are these :- It is said that in the spring of last year the rate of interest on (Loud cheers.) The next question is that of the proposed Exchequer-bills was rashly and unwisely lowered, with scheme for the conversion of a portion of the public debt ; great discredit to the security, and with an ultimate loss and here the charge, which was thrown into goodly pro to the public, on account of the necessity of raising that Portions during the course of the present year, is, that in rate of interest to a higher sum than would otherwise have spite of adverse circumstances-that in spite of the warn been required. That, sir, undoubtedly is a very serious ings of the wise-a scheme was attempted by the Govern matter, because the unfounded debt of the country is of ment which has resulted in heavy loss-a loss not fairly vital importance, at least in my view, in a time of war. ascribable to the change of circumstances, to the existence It is then that you require to have the means of its rapid of a war, and to deficient harvests, but to the character of and easy extension. If you keep your credit in such a state the measure originally proposed. Sir, it is easy to pass that you can rapidly and easily extend your unfunded debt retrospective judgments. (Cheers.) But if we are to form in a moment of need, it is perfectly plain that you may a fair opinion upon these questions we must go back to a dispense, in the interest of the state, with the costly, but day dated about thirteen months ago. This matter was otherwise necessary practice, of keeping in hand, and not like that of the Exchequer-bills-it was not a question lying idle, a great sum in the Treasury. Now, I cannot of mere Executive discretion-it was not a vote passed by pretend that what was done last spring, with respect to the the House of Commons as a mere affair of confidence. It unfunded debt, was hastily or thoughtlessly done. On the is true there are many members in this house who wished contrary, I say, it was deliberately and advisedly done ; it to be considered as a matter of confidence ; but a portion and lam desirous that the committee should form its own of the members of this house, including the right hon. judgment of this proceeding, because, as I said before, i t i s gentleman the member for Buckinghamshire and the hon. the party who are ultimately responsible to the country. member for East Suffolk, demanding the privilege of sifting The proceeding was founded on these two principles. In and discussing this question, returned to the charge on re the first place, the public is entitled to borrow money i n peated occasions, and took many discussions during the the market on the best terms which its credit will com- Passage of this measure through the house. We therefore mend ; and in the second place, in order that the unfunded had had many admirable opportunities of knowing what debt may be carried to the full height of its utility and were the real opinions of these gentlemen on the subject, power in difficult times, you ought to keep it within nar- and what were the declarations that were made ? The row limits in easy times. These, sir, were the principles right hon. gentleman opposite (Mr. Disraeli) sometimes on which I thought it my duty to act. What was the state states he will not quote Hansard. After all, when you of things to which I had to apply them ? A state of things mean to charge your opponent with inconsistency, the best had grown up in which the premiums on Exchequer-bills way is to quote Hansard. You do not make his case better in twelve months only amounted freq uen tly to about - you do not make it worse at all events - and i f y ou do double the whole interest of the twelve months' cur- not quote Hansard, the fear is you will quote something rainy. What was the effect, first in regard to the much worse than is to be found in Hansard. On the Bth holders, and secondly in regard to the State ? As re g ards April the right hon. gentleman the member for Bucking the holders, so long as the Exchequer-bills were moving hamshire rose to discuss his scheme, and he said :-" He upwards all was well ; but it was plain that that state thought it right before this resolution was agreed to, to of things must come to an end, and that an immense pre- warn the committee that, from the alterations made in mium was adverse to the well-understood interests of the the resolutions, from the admissions made by the right holders of those bills, because the amount of the premium hon. the Chancellor of the Exchequer, and from various was in point of fact the measure of the risk the y in- other statements, this (the one creating the new stocks) was curred. (Hear, hear.) If I may explain ray meaning in fact, the important resolution." What a misfortune it is this. The man who buys his Exchequer -bills at a that he did not sto p there. His evil g enius, however, led premium of ss. or 10s. knows these three things :--First him to go on. (A laugh.) "He wished the committee to of all that his interest is secure ; secondly, that, at a given bear in mind, and he protested against the supposition that day, ha can receive the principal; and, thirdly, that the by allowing the resolution to pass, he, for one, assented to measure of his possible loss is ss. or 10s., that being the it. If the committee agreed to the conversion of the whole amount of premium he has given. But if, on the other of 500,000,000/. under the second resolution, he must re hand, he buys at 60s. or 80s. he knows his loss may amount mind the committee that the profit of the country would to 60s. or 80s. These are the principles of the proceeding. but little exceed 550,0001. a year ; and they should To allow your annual securities to float with a premium well consider whether, for such an object as reducing the of 60s. or 80s. just means that you cannot redeem them at interest of the debt by 500,0001. sterling, they would do PRIVATE BUSINESS. all. You cannot redeem the whole, because the amount right to fix the rate of interest at 24 per cent. for more The following bills were read a third time and passed :- is too large, and you cannot redeem a part, because Parlia- than 40 . years. This was a most important point, whichthe mea l committee a eared to be disposing of in almost a formal Executor and Trustee Society ; Ryde Improvement ; St. ment would never endure the redemption of an anneal manner but t. ~ t was a point to which they must give deli- Mawes Port, Harbour, and Pier ; Blyth and Tyne Rail- security bearing perhaps 2i per cent. interest, by raising berate a ttention. The interest guaranteed was higher than way ; Caterham Railway ;Darlington and Barnard Castle that interest to sor 6 per cent. What has been the con- _• „bin s 9 he, for one thought would prevail for the next 40 years." Railway ; Eastern Union Railway ;Lancashire and York- sequence of this in the management of Excheque . (Hear hear f Mr M • shire Railway (Middleton Branch) ; Lancashire and York- What has happened s ince th e p eace e E ve r since the peace , , rom . alms.) I hear the hon. and learned shire Railway (Liverpool Dock Branches) - London, the principle upon which we have acted has bee , t hi s - gentleman the member for Wallingford cheer that expres- Brighton, and South Coast Railway ; 'Newcastle- when we had got Exchequer-bills at an easy rate of in- Tlon, I shall have a word with him byand bye. (Laughter.) upon-Tyne and era-lisle Railway ; Perth and Dun- terest, then we let them remain. Times of difficulty have such It was an enormous responsibility to undertake to make keld Railway ; Whitehaven, Cleator, and Egremont come, and you h ave b een o bli ge d to fund at a most die- an arrangement, and he trusted the committee, when Railway ; Hertford and Welwyn Junction Railway; advantageous rate of interest. In 1819 you funded they came to discuss the subject on a future occasion, and North London Railway. 27,000,0001. of Exchequer-bills at 51. ss. ,a. per cent. ;in would think it their duty most carefully to consider whe- The North Railway Bill, and the Swansea Harbour Bill 1821 you funded 7,000,0001. at 4/. 19s. 7d• per cent. ; in ther they would assent to it." Such was the ground of ob were considered and agreed to. 1826, you funded 8,000,000 a at 41. 6s. 2d. per cent. ; and action taken by the right hon. gentleman at the time of The Holyhead Harbours Bill was read a second time, in 1830 you funded 3,000,000/. at 4/. Is. 9d. per cent. the discussion of this scheme, that it would amount to a and ordered to be committed. In the years 1839 and 1841, however, the rate was sacrifice of the public interests and the interests of the GOVERNMENT ORDERS. not so disadvantageous, being i n the one case 31. 6s. Public creditor, and that that sacrifice would be the more Lord J. RUSSELL moved that orders of the day should per cent.the other3 l . and in withwhat 'be convertedunder operation I i but it was a high rate compared h a ve precedence of other orders on Thursdays during the pay in easy times. In no single instance was the sin- recollection of the committee as to what were the objec remainder of the Session. funded debt reduced except when the public credit was tions really taken to the plan. Some of them were very Mr. FREWEN moved as an amendment that on Thurs.below 90. The good objections-one, ' low, and the price of the funds, was - ections-one, in particular, taken by the hon. day, the 25th of May, and on every alternate Thursday, quence is that you never funded 91. in Exchequer-bills member for Lambeth, in reference to the principle of mak bills introduced by the Government, or any other Govern- without increasing the unfunded debt at least 101. or 11/., ing additions to the capital of the debt. It was also ob ment business, shall have preced ence o f th e o th er or d er s inis in t' es that ht je t d that it l • to t2a for 40 and some cases 121. It of the day till the end of the session. to reduce the debt • because if you wait till difficult times years- One of those objections turned out to be a valid Mr. L. SING supported the amendment, observing that it ' February, 1853, the one. I think, you do at an enormous cost. In however, I may answer that objection in the th e s tate of public business did not justify the original Exchequer-billsin was 17,743,0001., negative. The valid ojection which has turned out is that', amount of motion , and the interest was a penny halfpenny per day, or 455. the necessity of turning out the non-assentient South Sea Th e Marquis of BLANDFORD also supp o rted the • h bills and on anoth er creditors has led to the withdrawalof the hi' balances pu la per annum, upon one portion of t 0 , amendment. portion it was 11. 17s. But while that was the rate o f in a larger degree than is consistent at a period of war. Mr. GOULBURN supported the original motion. interest the premium was even 555., and in a short time Who took that objection, I want to know? And now I Mr. NEWDEGATE opposed it. before it had been considerably higher. On the 15th Feb. come to the hon. and learned member for Wallingford Mr. F. SCULLY observed that so long as the war ab- ruary it was announced that the new bills were to bear (Mr. Malins). He was perfectly silent on this point. Why sorbed the public mind in the manner it does now it was interest at a penny a day, and on the 18th February, i n was he silent ? Certainly not for want of words, nor the useless for independent members to be promoting bills of consequence, the premium those Exchequer-bills was faculty of speech. The hon. and learned gentleman was e on therefore their own. He should support the original mo- only 15s. Now, then, I ask whether the operation that perfectly silent. This objection was not taken by any tion.was performed was a justifiable operation or not ? Those body; and I now stand here to say that I was the only man in the Mr. HUME thought, existing state of affairs, it ' Exchequer-bills were issued in the middle of Febru a ry, who stated to the committee of this house on that occasion Thursdays to the Government. would be better to give upexplained aY and in the middle of March the holders of them had a n that if the South Sea creditors did not assent, we should Lord J. RUSSELL .the reason which induced opportunity of sending in th • securities and getting their require to pay them out of the public balances. The right their which was simply to forward money, but not a single person availed himself of that hon. gentleman the member for Buckinghamshire and him to propose the motion, as not to have such the public business, soan arrear of opportunity. (Hear, hear.) My duty, I say, was to bor- the only man who named the South Sea creditore, h. happened towards business as too often the close of the row for the public upon the best terms that the market did so only in an incidental way, and for the pterpose of ex in reference session. afforded.r 9 000 000/ of Exchequer-bills were issued on a cluing himself from discussing their position Mr. SPOONER thought this motion ought not to have „ . particular day, and within three weeks, when the holders to the project. But there area great num . ber of those gen anti should not affect notices n as to the a retrospective effect, a already were naturally alarmed, they had an opportunity of get- tlemen who have the most convenient persuasio _. and on the paper. tin their money, and yet not a man of them availed him- force of the objections they take on such occasions,. the mis Mr. DISRAELI hoped the noble lord would accede to What was the con- that if the Government had taken their advice member for North self of that opportunity. (Cheers.)would not the proposition of the hon. - dition of the Exchequer-bills afterwards ?As you went chievous consequences which they apprehended . shire, and thereby save them fromdividing on the ques- on, the conditions on which you got credit altered ; but have ensued. This is a very good examplertoafno what e at the tion. the very first day on which the word "discount" appears at called mythical history. Events of no impe l k.b BDEN in favour After a few remarks from Mr. for Co North t oo ro i u ng h back suggestion of the hon. member J. Warwickshire, On that day the discount was ls. On the sth May the upon them, not as they actually were, wish h them h the and Sir G. GREY, in favour of Lord Russell s motion, 1 Government made a purchase of Exchequer-bills, on haze of distance, and as some persons em to be. Lord J. RUSSELL said he would agree to alter his mo- which we were obliged to pay ls• discount; but never Hence we are told there were a number of prophets and tion, so that after the 20th May Government orders of es rded • but there the until the sth May were we able to effect a purchase of wise men whose opinions were disregarded , was other orders of the events that afterwards day should take precedence of day. j Exchequer-bills at a discount ; and then we got them not one of them who foresaw the ROMAN CATHOLIC SAILORS. lat a discount of are Well, sir, what followed was ' happened • and the hon. and learned gentleman the me - type In of the class. Mr. BOWYER asked the First Lord of the Admiralty ;this. With the advance of summer end towards the I her for Vallingford is a most respectable a doubtedl irrespective of whether Roman Catholic sailors are to be compelled to , autumn the circumstances of the country materially i (Laughter and cheers.) But, u facts y, attend Protestant religious worship.proportionally affected. I the opinions'changed, of some men, these were at which it was want to state the • Sir J. GRAHAM said the law as it at present stood was I the 28th September, we purchased them at ss. discount ; I our duty to look. Ido not casetoo high. t o sa y that I regret at this moment that that di v i n e service should be performed every Sabbath on ' and in the month of October the interest was 2d. a-day. 'lt is easy for me t forward. I do notadmit board h er Majesty's ships according to the ritual of the So far as respects the impropriety of the reduction, there- t the scheme was brough loss; it is eas that it Church of England. The instructions further were th a t, f ore, I thi n k I h ave disposed of that. And now I come to has resulted in pecuniary in such loss • but it has resulted in i - the crews of a ll re ligious denominations should be "per- 1 the other charge, which is this, that in consequence of th a t has not resulted InittetV not compelled, to attend ; and up to the present reduction we have a violent reaction, and we have been VenienCe greater than limitedamount o f gain with which 11/R. ALBERT SMITH'S MONT BLANC, X including the BERNESE OBERLAND and the SIMPLON, THIS EVENING, and Every Evening at Eight o'Clock, (except Saturday) ; and Tuesday, Thursday, and Saturday Mornings, at Twu. Stalls, 3s. (which can be taken at the box• office every day from II till 4 ; area, 25.; gallery, ls.—Egyptian Hall, Piccadilly. CONSTANTINOPLE and the WAR at the EGYPTIAN B ALL.—" Had it not been for the cold, I should hare believed that I saw the Diorama at the Egyptian Hall, with the resth-ss tide of London street life surging around me."—The Eastern Correspondent of the Daily News. The Lecture is delivered on Wednesdays and Saturdays by Mr. J. H. STOQUELLER, and on the other days by Mr. C. KENNEY—DaiIy at Half-past Two and Eight.—Admission, is LAURENT'S CASINO, ARGYLE Rooms, (Lessee, Cuas. C. LAURENT, Onslow-house, Fthaam-road), —The above Rooms are now OPEN FOR TUE SEASON. and will continue open every evening, with LAURENT's CELEBRATED BAND. Constantinople Quadrille, Sultan Polka, Fair Star Waltz, and Overlan4 Mail Galop, by D'Albert; a'so, by 11. La•irant , the following Waltzes - La belle Francium Leonora, Wil kins and his Dinah, Admission, ls. Doors open at half-past 8. Dancing to commence at 9 o'clock, and terminate at half-past 11. ATTRACTIVE NOVELTIES. R OYAL POLYTECHNIC INSTITUTION. PATRON—H.R.H. PRINCE ALBERT. The SEAT of WAR, showing the principal places on the DANUBE, KALAFAT, WID DIN, GIURGEVO, SEB ASTOPOL, the entrance to the BLACK SEA. BATTLE of SIINOPE, and DESTRUCTION of the TURKISH FLEET, and other scenes (kindly supplied by the proprietors of the ` Illustrated London News"), EXBIHITED in a NEW SERIES of DISSOLVING VIEWS. LECTURES by J. H. PEPPER, Esq., on the CHEMISTRY of our DAILY BREAD, in special relation to that made by the NEW PROCESS at the MARYLEMONE WORKHOUSE, daily at Two o'clock ; and in the Evenings on the MANUFACTURE and DECORATION of PAPER. LECTURE by DR. BACRROFFNER on ELECTRICITY, and the ELECTRIC LIGHT. Exhibition of Trestrail's Method of Raising Sunken Vessels, &c.. &c. Open Mornings and Evenings. Admission, is.; Schools and Children under Ten years of age, Half-price. MPERIAL PARLIAMENT. HOUSE OF LORDS—(YESTERDAY.) The house net at the usual hour. The Earl of EGLINTON presented a petition from 16 of the surviving soldiers of the last Peninsular war, praying for an inquiry into their cases, relative to the distribution of medals. The LORD CHANCELLOR presented a petition from several mercantile firms in Edinburgh against the assimilation of the bankruptcy law of Scotland to that of E n gland. The Earl of EGLINTON supported the prayer of the petition, and expressed a hope that a full opportunity would be given for the consideration of the bill. Lord BROUGHAM considered that the opposition to the bill was founded altogether on wrong impressions. He believed that the bill would confer great advantages upon Scotland, and that it would be received with general satisfaction. On to-morrow he would state what his intentions were with regard to the further progress of the measure. COMMUTATION OF SENTENCE OF DEATH IN IRELAND. The Marquis of WESTMEATH moved for a copy of any memorial or petition to the Lord-Lieutenant of Ire land in favour of a commutation of the sentence of death passed upon Hugh Tierney for murder, at the late Spring Assizes for the county of Westmeath, with the signa ture attached thereto ; also, a copy of the notes taken for the Crown of the address made by the Chief Justice Monaghan, when passing sentence upon the convict ; and also a transcript of any note or observation made by the Chief Justice Monaghan, or any memorial or petition which had been forwarded to the Irish Go vernment in favour of a commutation of the sentence on Hugh Tierney aforesaid. The noble marquis said the prisoner was convicted on the clearest possible evidence of an atrocious murder ; and the learned judge, in pass ing sentence, held out not the slightest possible hope of his life being spared, and the people in the county of Westmeath were quite thunderstruck when they heard that the Lord-Lieutenant had commuted the punishment, though the day of execution had been fixed. He understood that the only reason why the me morial in favour of the prisoner was got up was that they were against an execution taking place in the town. The Government were bound to state what mo tive they had for obstructing the ordinary course of justice in this case. The noble lord then alluded to other cases in which sentences were set aside, and com plained that the landlords in the county, the protection of whose property depended upon the rigorous execu tion of the law, bad not been consulted. The Earl of ABERDEEN explained that, when the memorial was received by the Lord Lieutenant, he trans mitted it to Chief Justice Monaghan for his opinion. After full consideration, and making further inquiries into the case, the learned judge recommended to the Lord Lieutenant to commute the sentence of death to transportation for life. Re did so on the ground that, though death ensued, the intention of the prisoner was clearly robbery and not murder, and that death did not take place at the time of the robbery, for it appeared that the deceased was able to walk after wards, and never complained of any personal injury. Was there any of their lordships who ' would say that the Lord-Lieutenant should have hung the man, notwith standing the recommendation of the judge ? The Lord- Lieutenant could not have done anything else than act on such recommendation. He had no objection to the return with the exception of the note of the Chief Justice to the Lord-Lieutenant, which, being of a con fidential nature, he could not consent to produce. Lord CAMPBELL hoped the noble marquis would be satisfied with the answer of the noble earl. After some remarks from Lord CAMPBELL and the Earl of EGLINTON, The Marquis of CLANRICARDE complained that in the criminal convictions in Ireland offences against property were more heavily punished than those against persons. The LORD CHANCELLOR admitted that such an impression was to be gathered from the reports of the trials, but remarked that the shades of criminality in each case were very delicate, and the best reports might often mislead. Lord WESTMEATH replied, and the motion for papers was agreed to. The Chnrch Building Acts Continuance Bill was read a second time. Some other bills were advanced a stage, and their .ordships adjourned at half- past 6 o'clock. HOUSE OF COMMONS--(YESTERDAY.) The SPEAKER took the chair at 4 o'clock. NEW MEMBER. The Hon. C. FITZWILLIAM took the oaths and his seat 'or Malton. it m: ty be attended. I regret it ; and if an error has been eomnsitted, be it small or great, I am the man upon whose h 'sad the blame ought to rest. But let us look at the ee se as it really stands. In the year 1852 the bullion in th, Ba nk rose to a higher point than it had ever before rea, theft; it w as close upon 22,000,000/. sterling. In the men tit of January, 1853, it had diminished to 19,170,0001. (Hear, hear.) The right hon. gentleman the member for Buck. he gharnshire, in discussing this question on a . f o rmer night, looted the quantity o f bullion in April, w.,7uel-'was 18;816,4 'CO/. ; he likewise quoted the very hi g h pein t at b had st oo d some months before, and he g'' v it to be understood—at lea s t h e did not prevent from a ben L • and erste od—that the re h a d been something in the nature'of a .tout inuous decline in th e quantity of bullion in the Barils at the end of 1852. At that time the Bank raised the re to of interest upon discount nom 2 eo 21 per cent., and at s,erwards it raised it to3er cent. Th e b u lli on , p815y3, ; which ,i:ad been 21,876,00 ei. in 000/. in the m on th o f February, e mouth of J s ank to ..17,672, t that wag not the time wh en we made ourthien.boupollsal. The 18 b 5 11. 2 tines was on the Bth of April. How was The bullioi then b ad risen to 18 ,816,0001., or in l o o r e e tlell? one Milieu in the course of the pre ce di ng four week.tcine (Hear, hear.) The drain of bullion which had taken la was at t hat tune generally accounted f or b y a reference to causes wlaich were short-lived and local in operation. It was the de:eland for gold in Australia which occasioned it in a great d e,gree the state of the exchanges with India and China occasioned it in a further degree ; in short, there were ;many causes but they were not looked to as causes which would have a permanent operation ; on the contrary, they were expected after A time to cease. And now, with regard to the harvest, we have seen corn s o high ' since that we are apt to forget what it was then. At that period, although our prospects were certainly not the best, yet that they were not very gloomy is evident from the fact that the a verage price of wheat in April was 465. 4d. The price of Consols was, on the 4th of April, 100 k to $ ; after the publiCation of our plan they were 100 a. There could not be a more distinct proof that, in the opinion of the moneyed world, money was about to bo cheaper, because the expectation of cheaper money is at the moment the cause of a rise in the Funds. The mini mum of the public balances in tile Bank in the quarter im mediately before had been no less than 4,940,000 1 .; and, as I have already said, the export of bullion was imputed to temporary causes. But other operations were going on at the same time. A great operation of that kind had just been completed in France ; another great operation was going on, in the conversion and reduction of the debt of the East India Company, an operation, moreover, which, up to the present moment, has met with the most perfect success. The bonds of the East India Company have been put out since the month of May last year at a lower rate of interest than was experienced before. I say, let us keep these facts in view, as well as the discussions in this house ; and I really think I may venture to hope that I have given something like proof that these warnings of plain, palpable facts, that could not be misunderstood, and especially these warnings of sages who were all perfectly aware of what would take place, do partake of that mythi cal character which I have dared to impute to them. (Hear, hear.) Sir, Ido not like to dwell much upon a question of minor interest, namely, the pecuniary result of the ope ration, but I may be permitted to say a few words. It is perfectly true that we thought it necessary to borrow a certain sum of money, which we have paid away, and that we have had to do that at a loss ; but on the other hand, I do not see why you should enter into calculations which have no reference to the reality. I think I can demonstrate that the effect of the operations as it stands is a loss of from 60,0001. to 100,0001. a-year only ; a sum which, though undoubtedly quite large enough, is not a matter to be much considered, when we aro discussing the policy of an operation of so serious a character. But, sir, as I have said, there is one other point connected with this conver sion scheme, upon which it is necessary that I should ad dress a few observations to the committee, because it is one of great importance at a moment when, in consequence of a change of circumstances, we certainly must have to meet great, and may have to meet unexpected, demands upon the public revenue. I have just now adverted to that which has turned out to be the only real object to the conversion scheme, though it was an objection not anticipated by any body, namely, the inconvenience of withdrawing from the Exchequer so large a sum of money as has been necessary in order to pay 8,000,0001. to non-assenting stockholders. And now, sir, it is not only desirable for my own sake, and for the sake of the Government, but it is in my judg ment most necessary for the public interests, that I should endeavour to dispel the masses of misapprehensions which have gathered round this part of the question. Some por tion oft hem, I think, are already disposed of by what was stated on a former night, but I hope at present to make a yet more complete clearance of them. Now, sir, I think it will not be denied that I am correct when I say that the current belief both within and without these walls has been to the following effect that very large sums of money, in the nature of advances or temporary loans, have been demanded by the Government from the Bank of England ; that this demand has been in violation of the spirit of an agreement made between the Government and the Bank in 1814 ; that it has been made in the present instance without forethought, and without due notice be ing given to the Bank ; that it has been made to the great detriment and inconvenience of trade ; and that, more over, though the loans may be regarded as a favour and au accommodation, yet that they have been taken from the Bank upon a very low rate of interest. Now, sir, having mentioned the Bank of England, let me here dispel out serious misapprehension. If lam arguing with respect to the Bank of England, that the demands have not been made upon it which are commonly supposed ; that the compact of 1844 has not been violated ; that the rate of interest has not been low, and so forth, do not let it be understood for a moment that I intend to cast the slightest imputation upon the Bank. I apprehend that, although there ought always to he harmony and co-operation between the Bank and the Government, yet that sometimes the Governor and Deputy-Governor of the Bank, on the one side, are the special guardians of the sepa rate interests of the Bank, and the Chancellor of the Ex chequer, on the other side, is the peculiar guardian of the interests of the public—(hear, hear)—and I say it is the duty of the Chancellor of the Exchequer, on the one side, as it is the duty of the Governor of the Bank on the other side, to assert in friendly argument together whatever they think the separate interests of which they aro the special advocates require. I have the happiness to entertain the greatest respect for the present Deputy-Governor of the Bank ; the Governor of the Bank I have the pleasure and satisfaction of having long called my friend, and I am, quite certain that we shall never be the worse friends be cause, when we discuss the subject of the public balances, the accommodation due to the public, and the remunera tion due to the Bank, he may urge what appears to be for the interest of the Bank, and I may urge what appears to be for the interest of the public. I do not think that on that account we shall have one jot less of cordial satisfac tion in co-operating together in what concerns the public interests. (Hear, hear.) In fact, those matters upon which I am now going to enter do not bear upon the de mands made by me upon the Bank, nor upon the demands made by the Bank upon me. There has been no demand made by me upon the Bank which is not satisfied. There has been no demand made by the Bank which is not satis fied. They bear retrospectively upon the question what has been; they bear prospectively upon the question what should be the right arrangement to make hereafter ; but, as I have already stated, the Government has never asked the Bank to sacrifice its separate interests, and I am in formed by my hon. friend, the Governor of the Bank, that he has announced, in a meeting of the proprietors, that he has never, upon any occasion, received from me any such demand, but, on the contrary, has always heard me recognise the perfect right—nay, the duty—of the Bank to guard its own interests, as those of an institution eminently useful and beneficial to the community. (Hear.) I hope, therefore, it will not be understood that I enter into this discussion with the slightest feeling in regard to tie relations between the Government and the Bank. Now, sir, I be lieve a noble lord in another place, who holds an important financial office—l may say at once that I refer to Lord Monteagle—has been loudest in his complaints of the great amount of deficiency bills taken from the Bank. I confess I am surprised at the source from which these complaints proceed, because, if action may be taken as an illustration of opinion, which appears not an unfair prin ciple to lay down, I should have thought the noble l ord had a very tender feeling towards deficiency bills. (A laugh.) My deficiency bills have been taken under extra ordinary and peculiar circumstances, the result of an abor tive operation ; his deficiency bills were taken from year to year, under circumstances of a usual kind, with his eyes open, with a perfect knowledge of what ho was about, and with no disturbing circumstances to contend against. My deficiency bills, upon the average of the last three quar ters, have amounted to 3,540,0001.; his deficiency bills the first year ho was in office amountd to 4,287,000 1 .; in the second year he improved them, and they amounted to 4,346,0001. ; in the third year he improved them still further, and they amounted to 5,380,0001. ; in the fourth year he again improved them, and they amounted to 5,455,0001. (Cheers and lau g hter.) If the noble lord had happily for the country continued in the office of Chancellor of the Exch e q uer till the present day, what, sir, do you think the amount of his den i c t ie m n a cy bills would have been now. (Laughter.) Perhaps B nk now are based be said—l hope it will not be said—that this was before y the act of 1814 ; that the issues of t the t that time the issues upon a metallic foundation ; h re then mere creations of were not based upon a metallicta circulation ; and that, consequently, deficiency (l a y t h o e u m r paper. I say I hope thabtillosbwseervation will not be made, because it really amounts butshat present • • real money, at t o w p e aa P obligations in in money cre ated ad libitum, without any reference to gold. But I am noti makng a charae uPon this subject; I am only expressing my surprise at the charge made against me by the noble lord. And now, sir, I beg to call the attention of the committee to what I have described as the great misapprehensions which prevail respecting the advances demanded by the Govern inent from the Bank. This is not the first time that no tions of that kind have been abroad. The same fate, in a much smaller degree, befell my right lion. friend the mem ber for Halifax, in the spring of 1847. At that period there was a very considerable difficulty as to trading accommo dation. Money was much tighter than at the present time. Various gentlemen in this house—among others, the hon. member for Montrose, the right hon. gentleman the mem ber for Buckinghamshire, and the hon. member for Hun tingdon—found great fault with my right hon. friend for having withdrawn from the Bank, in the form of a tem porary loan, the money that was necessary for the accom modation of the trade of the country. That charge I find contained in the declaration in thishouse of au hon. friend of mine, of great commercial experience, one of the mem bers for the city of London, a man who, I believe, what ever his party connections may happen to be, never utters a word under the influence of party feeling or party preju dice. Mr. Masterman, in May, 1847, censured what he termed " the improper arrangements made by the Chan cellor of the Exchequer," and declared it to be his opinion that "it was impossible for the Bank, under the existing act, to advance every quarter two or three millions of de ficiency bills, and at the same time to do justice to the commercial community." Having made that speech he went on to make a motion, the purport of which was that, when Government required deficiency bills, they should take them, not from the banking department, but from the issue department of the Banic (Loud cries of hear, hear, from Mr. Manna.) That a is cheered by the learned member for Walling ford. were very plausible arrangement indeed, and if the facts for fo true, I would join in the cheer ; but the hon. member Walling- London was then, and the learned member _ un. ford is now, Mooring under the moat complete 4 NEW DISCOVERY IN TEETH. NIR. HOWARD, SURGEON-DENTIST, 52 , FLEET-STREET, has introduced an ENTIRELY NEW DESCRIPTION of ARTIFICIAL TEETH, fixed without springs, wires, or ligatures. They so perfectly resemble the natural teeth, ai not to be distinguished from the originals by the closest observer ; they will never change colour or decay, and will be found superior to any teeth ever before used. This method does not require the ex traction of roots, or any painful operation, and will support and pre serve teeth that are loose, and is guaranteed to restore articulation and mastication. Decayed teeth rendered sound and useful in mas tication. 52, FLEET-STREET.—At home from Ten till Five. 4 ~~ [PRICE SD. 7 T / fortunate delusion upon the subject`. (Cheers and lough* ter.) My right hon. friend during that quarter never took one farthing out of the Bank of Ent_eland—(hear, hear) — and if you please, you may see that demonstrated, to the satisfaction even of the learned member for Wallingford, b tif e ru l ye a o i t d uha o bt n ohror t o h tw e oo t lk a , b o t 9.oefabtthgeu quantity ( 1 11' n e r a e r turn .) s lt w i h s i p ch erf m ec b a t u y ly t of deficiency bills; loan, from your banker when you have 1,5001. " or y 2 00 w4 0 1y 1 in, his till, I hold that, so far from his being your Credit° . creditor, you ofdro;mlMalfie e Mali ntir:l s y .) satt ° fied. The learned gentleman and I have made a compact across the table, ar d I venture t o say that if he follows me to the end, we shall both arr i ve h app i ly and sati sfactorily at the same conclusion. (A laugh.) My right hon, friend the member for Halifax, in the month of April, 1847, took deficiency bills to the amount of 2,267,0001., and he liqui dated his last bill in M a y ; b u t th e m i n i mum excess of the public balances in the Bank during that quart er over the advance in defici e n c y bill s was 1,696,0001. ; and therefore I most respectfully submit that, instead of my right hon. friend having taken accommodation from commerce, he was giving accommodation to commerce. (Hear.) He certainly was giving less accommodation to commerce than if he had taken no accommodation bills ; still, at the same time, he was giving accommodation to commerce, and the complaint made against him was neither more nor less than this, that he was claiming and exercising a right to make Jise of his own money. (Hear.) He roads use of it with s u L lr a liberal and generous spirit that the smallest sum he left A n the Bauk on any one day was 1,695,000/. But the quee t t en has been asked of me—" Why borrow from youa banker :,'hen you have money of your own with him ?" That is a question not so easy to answer as some may sup pose. All I cen say is, that such is the system which we find established, and though my notions in these matters are very revolutionary, I have not yet reached such a pitch of boldness as to say that I object altogether to borrowing from our banker, even though we may have money with him. But, sir, I come now to my own case, which is the most important of all, because I am held up, not as an occasional borrower—a man who borrowed only occasion ally might be forgiven—but the right hon. gentleman the member for Buckinghamshire has repeatedly termed me in this house an " habitual borrower." My answer is, that I have borrowed in consequence of the large drain caused by the liquidation of minor stocks and other circumstances; but I think I cannot fairly bo called an " habitual" bor rower, and for this reason—l have borrowed only once. t e I s a (Hear.) can e o assure If my a mrightaccusedy hon, f , it wa ouo, ofb:rrowing during the last quar ter.mactlyboarepeHtitalioifnax.of friend the exactly r for I was not indeed quite so liberal as he was; but though it of 3 ,000,000 e or 4 ,000,000/. was currently reported and believed that I was a borrower had one shilling. (Hear, h duri nglnithee amount unt o quarter, fde fi l e i never eney actually brought to charge was '7 bills issued last quarter' was ear 21,490,16b0b1ut upon amount interest was paid, Now mark, while we tOok defi ciencyptresew(Hreegnarr,dhseathr.e) i s t the uilt oßha fornk t was he n o e a y se e lessr of tb ? than lastl , bills and paid that interest, the excess of balance 16 quarter as deficiency bills. And now, having stated that I borrowed only once, and that I had alway s an excess of balance the Bank, I hope the right hon. gentleman the member for Buckinghamshire will let me know, after that, how he de fends the term " habitual borrower " which he has repeat edly applied to me in this house. (Hear.) Now, sir, we come to the April quarter, and here I am most desirous that no misapprehension should prevail. I believe lam correct in stating that when the public read the amount of income charged on the Consolidated Fund at the end of the last quarter, they saw at the close of that charge the amount of Exchequer bills which would probably be required to cover the deficiency on the Consolidated Fund. The amount was 5,852,0481.; and I believe the public were under the impression—nay, I may even go further and say that the great bulk of the members of this house were likewise under the impression—that that was really a loan which I had contracted with the Bank, and which I was to liqui date from the incoming revenue. I say, then, that if such an impression does prevail, it is of the greatest importance to the public interests that it should be dispelled, and that the truth should be made known. It is of the greatest importance to the public interests that these sham, ficti tious figures, which are only calculated to mislead and de ceive, not however intentionally, and to create alarm in the public mind, should have their right value put upon them. I have done what lay in my power to place the matter on a proper footing, and I shall continue my efforts in the same direction. As I have said, the deficiency in April was stated in the quarterly returns at 2 ,85 9 0481 to which should be added a small sum of 240,0001. which was left out in mistake, making the total nominal amount of advance to be required from the Bank of England, 6,092,0481. The amount issuable at that period, according to the usual practice, was 5,643,000/., and the amount on which the public would have paid interest would have been 4,730,000/. And this reminds me that it has been stated in another place that no issue of deficiency bills could have been made with a view to economy, because interest was; only paid on the amount which was issued. I will let the committee judge of the accuracy of that statement from the fact which I have already mentioned—namely, that in the last quarter, when wo paid 364,000/. for interest, we had not ono shilling from the Bank. But, as I have said, the amount which would have been brought to charge in the present quarter would have been 4,730,000/. The maximum amount which has actually been brought to charge, in consequence of the mode of issue which has been adopted, is 3,048/. Sir, I repeat, I have been borrowing during th e p resen t quarter under peculiar and extraordinary circumstances. The maximum excess of the Bank advances over the public balances during the pre sent quarter has been 1,350,000/. On a former night anxious not to overstate the case, and not having at that period, although I had been workingi petty hard, penetrated into the inscrutable mystery of deficiency bills, I was not aware of the whole arrangement. I then stated that the cash ad vanced by the Bank amounted to 2,150,000/. ; but I stated the case against myself, because the maximum excess of the Bank advances, on the 19th of April, was only 1,350,0001.. That sum was subsequently reduced to 900,0001., and I be lieve at the present moment that debt is entirely extinct. (Cheers.) Therefore, sir, I think I have disposed of the ac cusation of being an habitual borrower from the Bank. I hope also I have disposed of the charge of being an enor mous borrower, because it appears that, under extraordi nary and peculiar circumstances, the sum I have been ow ing is 900,000/., and that for a period of between four and five weeks. (Hear.) Sir, the real truth is that the amount wo borrow in this way is of little importance one way or the other. The sums I have named are all trifling sums -- they scarcely affect the business of the Bank; and the only important question which you have to consider is, are you, or are you not, to make use of your own deposits? There is no complaint whatever from the Bank ; and I think I have shown you that the complaints which have been tnedd against me aro not founded on justice. I may here add, what I have not yet mentioned, that the greater part of the Bank advances have gone in meeting naval and ordnance charges in connection with the expedition to the East ; so that, in point of fact, but for those charges, the whole sum which it would have been necessary to borrow from the Bank would have been 400,000/. or 500,000/. (hear.) Then sir, it is said that there was an understanding between the Government and the Bank. There could not be a greater error. When my right hon. friend the member for the University of Cambridge, together with the late Sir Robt. Peel, made the agreement in 1844 which now governs the relations between the Government and the Bank, there was a distinct understanding come to that the Government should always maintain "the usual amount" of deposits in the Bank, which means, in other words, a small amount of deficiency blls, for the one is the correlative of the other. It was also agreed that if, on the one hand, the public balances should be increased beyond the usual amount, the Government NI ere to have a claim upon the Bank for a share of the profits ; but if, on the other hand, the balances should be diminished below what they commonly were, then the Bank was to be entitled to remuneration from the Government. Well, sir, in order to ascertain what was meant by " the usual amount" of the advances, per haps the fairest manner would be to take the average amount in the quarters immediately preceding the agree ment of 1844. That amount was, doubtless, taken as the foundation of the compact; but it was an amount exceed ing that which I have taken during the last two quarters, under extraordinary and peculiar circumstances. e ( t a h ,r a i And now, sir, with regard to notice. It is supposed ' nothing was done by me to prepare to Bank authorities for what was cooling. Now, I hold in my h and a memo randum which I placed in the hands of the Governor of document. the Bank on the 26th of July, 1853, and in le, as the ope ration failed, I pointed out that it was extremely probable, that on the in regard to the stocks had then sth of January we should bills demand deficiency to the amount of 3,300,000/. more than the amount which was a ctually taken. I trust, therefore, that as far as notice _ of what was due to was concerned, I was not unmindful the Bank and to the great interests involved. (Hear.) It is also, to state that, although the authoritie s o f proper, the Bank have since laboured under circumstances of some difficulty, at the period when my memorandum was de livered not the slightest objection was made to my pro posal. With respect, sir, to the accommodation of trade, I believe I need not go deeply into that question, because trade has not been injured, and has not complained. Ido not think that a state of things in which, for tho greater part of this year, the rate of discount in Lombard-street has been below 5 per cent. is much to be complained of, all circumstances considered. But then it is said that we have been favoured by the Bank, and that we aro paying rates of interest lower than those common in the market. That, again, is a total and entire fiction. The rate of interest, I admit, is apparently low, but it really is not so. The esta blished system is this. At the end of every quarter the Chancellor of the Exchequer writes to the Governor of the Bank, hoping that the court of directors will provide what ever amount of deficiency bills may be required to meet the public charges. Last year the rate of interest was only id. a day ; at present it is 2d. a day, or 3 per cent. per annum, which undoubtedly is a low rate of interest ; but I think you will not consider it so low when you bear in mind that the Bank received in the last quarter upwards of 300,0001. as interest upon deficiency bills, when the minimum of the excess of the public balances over the Bank advances was 1,160,000/. Although the nominal rate of interest which we are to pay in the present quarter is 3 per cent. per annum, the real rate we are to pay upon the sums advanced to us by the Bank in excess of the public balances is a rate which varies from day to day between 4 and 5 per cent., according to the issue of deficiency bills, as regulated by me ; but if the deficiency bills had been issued in the ordinary manner, the rate of interest would have been from 6to 7 per cent. I do not call that an im moderate rate of interest for the public to pay upon de ciency bills ; at all events, it disposes, I think, of the notion that the Bank has sacrificed its interests by taking from the Government only a low rate of interest. Nosir the question arises, whence is it that all these delusionsecompletely have arisen? Why is it that the public is so com p l in the dark with respect to the issue of deficiency_ l s n y bill will This house seemed to beequally in the dark. 3 recollect the speech of the hon. member for P e terborough, a gentleman who was himself Governor of the Bank last in this house — and in which he declared, in his place year, gentleman the member for Buckinghamshire and sever al lie was believed by the right hon. _t would be others—that we obliged to demand from the Bank in the present quarter a sum three times larger tha n we proposed to ask. His s tatement was credited, and why Because you have got ts, a statement fitted for a fictitious statement of accounts, is a class of people who purpose ere every of delusion. think that mystery in fina nce is a virtue. A laugh.) I am bound to say tha t I am the not quite sure that Com ptroller of the E xc hequer does not in some degree partici nion. (Laughter.) Ho is very unfortunate upon this subject pate in that opi of alteration in the mode of issuing and • meeting r deficiency bills. Earl Grey appe ars a l so in t h e sa me positron—and if I refer to Earl Grey, I canno t d o so w i t h ou t expressing the sincere respect I f ee l for h i s cha racter, his a bilities, and his p a triotism—(cheers)—but Earl Grey is stated to have said in another place that the effect of the change in the mode of issuing deficiency bills had been to blind the public. There is a short answer to that statement. The effect of the change could not pos sibly be to blind the public, for the public was, unfor tunately, blind already. (A. laugh.) The public believed that 6,000,000/. of deficiency bills were to be issued when only 1,000,0001. were issued, and that 3,000,000/. were to be issued when none were issued at all. I admit, sir, that