The Sun. — London, England, 1844-05-08 00:00:00

SPIRIT of the PUBLIC JOURNALS. FROM THE EVENINS PAPERS OF YESTERDAY. GLOBE.—The appointment of Mr. O'Brien as a sti pendiary magistrate in Ireland was last evening again the subject of debate in the House of Lords. The Mar quis of Clanricarde, having obtained the papers relating to this appointment, brought the question before the House by a substantive resolution, declaratory of the impolicy of the Act. The Noble Mar quis supported his motion by a two-fold argu ment. Mr. O'Brien had been a repealer ; distin guished, as such, by the intemperance and violence of his declamations against the union, and by . the incen. Lives which he employed to inflame the minds of the Irish people, exhorting them to combine for the pur pose of forcing its abrogation upon the Legislature and the Goverment. After obtaining notoriety and ex citing alarm by the violence of his invectives in the province's, Mr. O'Brien aspired to distinction in the etropolis. At a meeting of the Repeal Association, held at the Corn Exchange, Mr. O'Brien delivered him self in terms so redolent of sedition and so fraught with violence, that at the instance of Mr. O'Connell he was first interrupted.in his address, and eventually compelled to retire. His letter to Lord Fortescue, when Lord Lieu tenant of Ireland, in consequence of his Lordship's decla ration against Repeal and Repealers, that has been before alluded to, showed Mr. O'Brien to be as intemperate when writing, as he was when speaking on the subject of Repeal. It is unnecessary to refer again to that ex traordinary ebullition of intemperance. Nothing sur passing it in violence has been subsequently penned. Yet Repeal, as the Marquis of Claaricarde observed, " was not then so formidable as it has since become." The movement was not then national : it was feeble, and confined within narrow limits. The declaration of Lord Fortescue had effectually checked its progress. Its powers were declining—it was diminishing in the estimation of those who had allowed themselves to be enrolled as members of the Association, and every one saw it would soon become extinct. The acces sion of the Tories to power, and the revived hopes and efforts of the Ultra-Protestant party from that event, acted upon the decaying energies of the Re peal party, and roused its leaders to new exer tions for the object the Repeal Association was formed to accomplish. The impolitic interference of the Go vernment—both with respect to the mode and the period of that interference—with the " monster meet ings," and their prosecution of the Repeal leaders, have produced their natural results upon the Irish people, and rendered repeal not merely a name, but the confederacy formed for its attainment " a great fact," at ones embarrassing to the Government and perilous to the national tranquillity. Yet—at such a time when the Government is prosecuting O'Connell and several other repeal agitators for their violent speeches and writings on the subject of repeal—they select for a stipendiary magistrate a person whose speoches and writing were super-eminent for violence—whose addresses were calculated to inflame the populace to desperate deeds, and whose letter to the Sovereign's re presentative,. as head of the Irish Government, because of his avowed determination to withhold the Govern ment patronage from members of the Repeal Association, was at once an insult to the Royal authority, and emi nently calculated to bring the Government, which he ad ministered in the Sovereign's name, into contempt. Such is the man to whom the Government, with admirable con sistency, confides the powers of a stipendiary magistrate in Ireland! But Mr. O'Brien has ceased to be a Repealer. lie has. But has he ceased to be violent and intemperate? Had he suddenly become calm and dignified—as distin guished for his moderation, as he had formerly been by his violence—the appointment would, at such a time. and in the present state of the public feeling, have been objectionable. Mr. O'Brien's past conduct would have tended to lower him in the public estimation. His functions would have been impaired in efficiency by the recollection of his former position. As a deserter from the repeal movement, he would be viewed with dislike by the populace ; while, on the other hand, the suspicion with which men regard a renegade would attach to him, in the estimation of those who hold the repeal project in abhorrence. But if Mr. O'Brien have only changed his party, without restraining his intemperance of speech and writing —if, as an Anti-Repealer, he employs his vituperative powers to abuse the individuals upon whom he formerly lavished the most fulsome praises—if he is now found denouncing repeal as fiercely as he once com mended its excellency, and urged its adoption—the un fitness of Mr. O'Brien for the office to which he has been appointed is proved, and the assertion of the reso ution moved by the Marquis of Clanricarde is esta blished. Such an appointment is " calculated to disturb all confidence in the steady and efficient administration eepstice, which it should be the objects of such ap pointenents to insure." STANDARD.—The attempt to render more clear, ,or to bring within a narrower compass, the exposition with which Sir Robert Peel introduced his resolu tions last night upon the Bank question, would 'he indeed a vain one. We can merely hope to point attention to the general direction of the ißight Hon. Baronet's explanation. After showing the 'linty of taking up the subject at this particular tame, the Premier proceeded to reason from indis ottable first principles as to the expediency of provid ing' s secure and steady supply of a circulating medium —the' great object of his proposed plan. He treated w i t h m , exited contempt all the mountain of rubbish that has been written on the subject, demonstrating the ab surdity of speculating upon an abstract standard of value, and taking as his standard the pound sterling, as i • epresented by a gold coin of a deter mined weight And fineness. The number of books written, and alie extraordinary variety of opi nions hazarded upon this subject, have perplexed most men's opinions as to the nature of a standard of value, and as to its possible existence. Sir R. Peel wisely throws all these books and opinions on one side, and wisely takes the golden sovereign as his standard—a sufficient standard for the time, as experience teaches, used as our knowledge of the nearly fixed quantity and *dwelt equal estimation of gold all over the world, shows it roust be ; but a standard invariable through all times must be impossible; while the numbers, wants, tastes, possessions, and powers of mankind shall continue in is state of constant change, as, to the censummatiore of all things, they will continue. The Premier next showed that a single standard of value is necessary, by pointing to the frequent variations whit+ occur in the relative prices of all things, a variation which, were there two standards, would enable the debtor to cheat his creditor, by ,paying in the cheaper article all debts contracted. A pound weight of silver, for example, might sometimes in commerce change for seven half-sovereigns' weight .of gold, sormetimes for six ; now, by allowing a , double standard:. you would enable the man who had 'borrowed seven half-sovereigns in gold to repay it by sae much silver as would in the market bring but six. Mooing thus assumed the pound sterling in gold as Isis single standard of value, the Premier proceeded to esmsider the effect of the amount of circulation in the country upon prices, whether this circulation might consist of coined money or of notes convertible at the will of the holder, or believed to be convertible into .coined money. This effect, we need scarcely say, is to determine the prices ;of all things—an abundance of money making al/thing's dear, a scarcity of moneymaking all things cheap. If a demonstration of this effect is wanted, it will be found in Mr. Locke's essay ; bat at this' time of day we suppose that no one requires it. As little can it be necessary to show that the tendency of this greater augmentation of the amount of the circulation in one country than in others must be unfavourable in the exchanges, an effect which would be felt more severely were not the augmentation of our circulation snore than balanced by the increase of eur capital. The necessity of a commerce for which the re quired amount' of gold is not available, has suggested a representative gold, on demand convertible into gold ; and this, to all . purposes, is the same as an equivalent to the additien (of so much gold to the circulation. But here arises an evil—this addition may be made, and may disturb prices, without sufficient cause. Nay, it not only may, but certainly will, raise prices, at that very time when, for the benefit of commerce, prices ought to be reduced. Prices we suppose are high; they who want to purchase must have more money; they who want to sell must have more money to enlarge their stock or ewtend their speculations during the golden opportunity of high prices. Both fly to the banker, who, besides being a discounter of bills, is also a manu facturer of me ney ; he discounts their bills in his own totes ; this by .to much swells the circulation, and there fore by so much raises prices still higher, and so the process of inflammation advances until high prices have reacted their limits, and gone beyond the limits of reason ; and then follows a panic among the hankers, whose resources have been sandnsed—a crash, the ruin of hundreds of thou followed by years of depression to all, of misery to most It is to obviate this dreadful evil that the mo re * directed —h import a nt pars of Sir Robert Peel's plan are bankers the el r ala take away, as far as he can, from p -wet" - , and ton great extent, where be can- Dot take aw a y t e a . temptation, t o awe— power, he would take away the . z s ttl i t is the simulating medium. With this purpose he tion between banks eaelle4 a clear practical distinc ere insufficiently called from one only of their e ate r of issue. The bank of on se of deposit and banks s the old and legi timate bank—the bank that was ; its " ea l r t l i i iewn before the existence of bank notes se was to receive cash and securities in deposieesatndl. toadvance money upon them. A fterw ards it became the sodium of transferring caeh by foreign and inlandtells of exchange, raisins money upon se cur i t i es and ll the other bank in g o p erations now suß'icie4e well known. As long as banks limited their dealin g s within this sphere, they could scarcely operate upon th e Circulating medium to any material extent. Such banks are perfectly harmless, where they are not grossly awe, honest ; on the other han d, if the p ublic has - s assurance ' o f their solvency, the more of them there are, and the more active the competition among them, the better for all. The introduction of a representative circulation in the form of paper money, however, introduced a new eelass of banks, banks of issue, and tempted some of the banks established upon the old principle to embark in new branch of trade, the manufactory of money. The combination of functions of a bank of deposit and a bank of issue opened new fountains to swell the circulating medium, but in many cases the stembination was unavoidable. The deposit banker "told lose his customers, if not as accommodating to theta es the banker who manufactured money ; but at a e q ual° of urgent demand and high prices, in order to aeaeneie , sedate them, he also must become a manufacturer of me neee % and so the manufacture of money went on w i t h Der t e , 't honesty —perhaps on the part of all with ifisofthlatiektV r e ertamly on the p ar t o f th e ma j or ity , *Aber necessary li m i t b ut a pan i c, a : j ba of public distress. ?! -:2 . ..4 4 .;; : .••''' "`" ' r ( ,- .. • , ' '477Y A:‘ ---t`r,..) 11 - - . {t, gsf.yov. . , , ~... blat-iilt— ~.. .) 4 "'V ived yesterday at the Colonial -411 Commissioner of a the lonian Ari MARKET INTELLIGENCE. (From the London New Price Current of May 7.) Su amt.-To-day importers of West India Sugar were unable to obtain any further advance in prices, although only three brokers had any Barr on show ; a fair business was transacted, considering** &tilted quantity at market, and the rates given were on a par with those of Friday. This afternoon new Trinidad Sugar good bright strong yellow went at 64s to 655, good middling 63s 6d, middling 62s to 638, low middling 61s to 61s 6d, fine brown 60s, drainage damaged 60s to 62s 6d per Wt. RXFDTID.-TO-day refined Sugar was less in request, and, prices are not so fire ; brown scaleable lumps selling at 79s and standard lumps at 80s per cwt. In bonded Crushed Sagas several purchases were made at 25s 9d per cwt, at which the refiners are firm. Ix other articles there is no change. Maxismus.-This afternoon importers were disposed to realise ; the trade operated with caution, and of 10,907 bags at public sale, a small part only sold at a reduction on Fri day's rates of 6d to is per cwt; fine yellow went at 65s to 675, good 63e to 64s 6d, middling 61s to 62s 6d, low 59s to 60s 6d, good and fine brown 58s to 59s per cwt. EABT INDIA.-Fereign East India is held with firmness. This afternoon Bengal Sugar sold at a decline on former rates of is per cwt ; middling white went at 62s 6d to 63s 6d, good 64s to 65s 6d, fine 675, very fine 698 6d, damp and washed 60s 6d, to 66s 6d, middling sound yellow 61s to 61s 6d, low 57s to 58s, damp 56s 6d to 61s 6d, and middling grey his to 62s per cwt. FOREIGN.-There has been more demand for Brazil Sugar, and full rates have been paid. To-day some parcels of white Havannah were sold privately at former rates. There are buyers of all other sorts of Foreign Sugar at a slight decline in prices, but no sellers are to be met with. Blotssaslss.-West India at very full rates; Berbice at 24s ; Demerara 25s to 25s 6(1 ; Antigua 27s ; St. Kitts 245; To bago 26s ; and Grenada 23s per cwt. Bengal at 15s to lis per cwt. New Trinidad Molasses sold at 27s to 27s 6d per cwt for good quality. Privately good Demerara fetched 25s per cwt. This afternoon Jamaica Honey went at 565. COCOA.-For 'West India former rates are barely sustained ; Grenada mid red at 465, grey 445, Trinidad mid red 50s, and dark 46s 6d to 48s per cwt. Foreign at 28s to 30s per cwt. COFFEE.-The market has been in a dull state for all descriptions of Coffee subject to the 4d per lb duty, and reduced rates again submitted to ; new Jamaica at a reduc tion on previous rates of 4s to 5s per cwt. To-day further reduced rates were accepted for Ceylon Coffee ; for good ordinary 488 to 50s per cwt accepted privately ; prices exhibit a fall of 17s to 20s from the highest point of the market this year. Mocha, good ordinary at 56s to 60s, fine ordinary green 74s to 765, middling yellowish long berry 79s to 82s, good middling 85s 6d, sea damaged first class 41s to 78s 6d, second, third, and fourth ditto 40s to 775, broken 535, triage 19s to 44s ; mixed Batavia taken in at 40s; new Jamaica, good middling 965, middling 88s to 935, low middling 82s to 85s, fine and fine fine ordinary 72s to 75e, good ordinary 635, triage 35s to 455. La Guayra bought in at 42s for good ordinary. TEA.-The dulness in the market has increased, and the limited purchases made privately have in most cases been rather under previous prices _ To-day the limited business transacted in Tea was at prices rather under those of the last public sales, common and good common Congous cash selling at lld to Is and common Twankay is 2d to is 2d per lb. At Canton the price of common Congou is 18 to 21 taels. SPICES.-For black Pepper prices have advanced. White is not much wanted, but prices do not give way. For Cassia Lignea prices have fallen is to 2s per cwt. - ,s;utniegs have been sought after, and very full rates given. For Ginger prices are still advancing. Pimento at 3id to Sid for mid dling, and 3id to 31d for inferior quality. RICE.-Patna is 13s to 17 s, and Carolina 21s to 26s per cwt. This afternoon Bengal Rice, sound, all taken in at lls for good mid white, being the former value, sea damaged sold at lOs to lOs 6d for the first class and 9s to Os 6d per cwt for second class. SAGO.—For Pearl Sago higher rates paid ; good middling small Pearl at 20s to 20s 6d per cwt : privately at 13s to 17s for low and middling, and better quality at 18s to 235. Sago Flour at 20s to 21s per cwt. The demand is brisker for Arrowroot ; Bermuda at 91d to is 4d ; St. Vincenta 7d to 10d, and Tapioca, 4id to s] i d per lb. Rust, BRANDY AND BotaassiDs.—For Jamaica Rum prices are maintained. Leewarda . at 2s lid to 2s 2d per gallon, proof. In Demerara there is no change. Calcutta Rum at Is 10d per gallon, proof. For Brandy prices rule as follows • —Cognac best brands of the vintage of IS3B, hhds 5s Bdr, puns 5s 6d; ditto 1830, hhds 5s 6d. puns 5s 4d; ditto 1840, hhds 5s 4d, puns 5s ; ditto 1841, hhds Si 3d, puns 5s ld ; ditto 1842, hhds 562 d puns ss-, middling qualities of various marks 3s 4d to 4s 6], and low 2s 9] to 3s 3d per gallon. Geneva for shipping at Is 8d to is 9], fur fine in small parcels for home use 2s 2d to 3s paid. English Corn Spirits at lOs 2d per gallon cash. To-day West India Lunt was more in de mand : proof Leewards at 2s 2d ; Jamaica 30 to 34 per cent overproof at 31 4d to 3s Bd, good Os 9d to 3s 11a, and supe rior 4s to 5s per gallon. For Calcutta Rum, proof strength, Is 10,W per gallon paid. Fur . B-andy lower rates again ac cepted : Cognac, best brands of the vintage of 1842 selling at 4s lld and 5s Id per gaPen. INDIGo.—The maket is firm fur East India, and the rates previously established are sustaincd. Spanish is much wanted, but the market is scantily supplied. New Bengal 4s 2d to 5s 6d:per lb paid. Ons.—Cod Oil has sustained the former currency, small parcels at 34/, but fur all other sorts of common Fish Oils prices are still on the decline ; Southern sold at 281 to 291 15s for good and tine qualify ; mile Seal is 33/ lOs to 34/, and yellow and brown 281 to 321 per tun. Sperm at 72/ lOs to 74/ 15s, and at 771 5s to 78l 15s for Ileadmatter. Palm Oil at 23s 3d to 27s 6d per cwt for common to line. Linseed Oil firmer; 26s 98 to 27s per cut paid for large parcels on the spot. Rape Oil at the previous csrrencv. Olive firm in price. Gallipoli at 52/ lOs to 53/, Sicily 52/, Apanish 51/ to 511 10s, and Barbary 501 to 50/ lOs per tun. Cocoa Nut 29s to 31s. TALLOW.—Russian Tallow has been taken sparingly on the spot, 40s to 40s 9(1 is the value of P. Y. Candle; there are sellers for the last three months of the year at 42s per cwt. North. American at 38s 3d to 40s; South American 34s 6d to 39s 6d, and Odessa Beef Tallow 39s Od to 40s per cwt. Town Tallow is 40s to 40s 6,1 per cwt nett cash. To-day the mar ket was in a dull state for Russian Tallow, and for the last three months of the year prices have declined to 41s 6d to 42s per cwt. LIGHTHOUSE FOR THE ISLAND OF BERMUDA. The cast-iron lighthouse for the Jamaica Lighthouse Commissioners, which was constructed at Messrs. Bramah and Robinson's manufactory three years ago, and erected on the evt end of Jamaica a few months afterwards, on the specification and under the imme diate superintendence of Alexander Gordon, C.E., has given so much satisfactioa, that the Lords of her Ma jesty's Treasury were induced to contract with Mr. Gordon for the construction of a similar lighthouse, but on a still larger scale, for the top of Gibb's Hill, on the main island of Bermuia, where numerous engineering difficulties have hitherto prevents d the erection of a lighthouse in masonry. The work has been several weeks in progress, and may now be seen rising above the houses near the Waterloo-bridge-road. The construc tors of the iron work Cottam for the tower, and of the lantern, Messrs. Wilkins and Son, of Long Acre. The tower is conical, and the diameter at the base 24 feet, tapering to 15 feet at the narrowest part, near the top, when it is spons,ned out for the gallery, on which the lantern is to he placed. The total height, from the base to the top of the lightning rod, will be 138 feet, and when erected on Gibb's Hill, Bermuda, will ha 368 feet above the level of the sea. The lantern is to be fitted with a lenticulattd apparatus of the first order, on Fresncl's plan, and the light (a fixed one, with bright flashes) will he visible all around the dan gerous reef of rocks to the northward and westward of this valuable military and naval station in the Atlantic Ocean. The outside carcase of the tower is composed of 139 cast-iron plates. There are see en rooms, lighted by port-holes and ports, fitted with plate glass. The rooms are lined with wrought iron, panelled in oak frames, and the ascent from the bottom to the top is by means of a spiral staircase of iron with oak treads. The floors are all of cast-iron, and there is in the centre a hollow column, sixteen inches in diameter, for waste water pipes, and for the ascent and descent of whatever may be required in the light-room and lantern, or for any of the seven rooms, thus obviating the necessity of carrying anything up or down the staircase. The whole is constructed with a special view to the resistance of those terrific hurricanes and thunder storms so common i n B ermu d a, and some of the West Indiaislands. Being a perfect conductor of electricity, no lightning can affect it; being also incombustible, it cannot be destroyed by fire. Altogether, in short, it gives the fairest promise of being another lasting monu ment of the engineering taltnt or the mother country. Mr. Gordon's lighthotue at Jamaica we described at the time of its temporary erection in this country, three years ago. It has several times been struck by lightning, but without sustaining the least injury. —Mechanics' Magazine. SAVINGS' BANKS. TO THE EDITOR OF THE SUN. Sin,—The Chancellor of the Exchequer proposes not to alter the gross amount standing in the name of any indi vidual depositor, when the new law which is intended to be passed, collies into operation. Here he is at fault. The 9th George IV., c. 92, (passed 28th July, 1828), did not (though it ought to have done) disturb the then existing amount invested. Now, some of those amounts are great, and, if interest is still to be paid upon them to their full amount, it will be a continuance of serious loss to the country ; and, that the public generally should suffer for private gain, is the very reverse of what it ought to be. No depositor ought to have more invested than 1001., and interest allowed up to that amount. Persons who are enabled to invest more, are not those for whom banks for savings were established. There is another circumstance requiring rectification, i. e., the salaries of paid officers, which ought to be settled by a definite rule. I know banks in the country where the salaries are widely different iu proportion to the quantum of labour performed (and have no doubt it is the case generally), some being over-paid, and others otherwise. It is most desirable to have competent individuals as paid officers, and their being adequately compensated for the duties (which require uni form attention and care) they perform. For this purpose I think a fair table might be settled applicable to every bank. May 8, 1844. A TRUSTEE. ILJNGERFORD AND LAMBETH SUSPEKSION BRIDGI3. —The piers and buttresses and other necessary wor'cs for the erection of this bridge, under the superintendence the carrie iilto of fir. H. Brunel, engineer of the Great Western Rail of brill? ex t e ,aY,..are just completed, and this important junction of Lambeth with the west end of the metropolis will soon effect, as the placing of the chains and itself will he commenced in the early part three months from bridge win W eek' b rld it is confidently expected that the pending chains, opened to the public in less than m w ttlat time. The iron work and sus upwards of 800 tons, aad 'cast by Messrs. V s l in fi . i3 , , ie Carce, and Vivian, at the Cop of forwardness at "Ni,eis;s:r c.,„SmitL 5' ,Cornwall, are new in a state wharf, Belvidere road, Lambeth, wher.• construction, it has 1:e.:1 f:i s n e ln enee Of suspending chains hefo.-.2 p1,.i„;,, necessary to join the br I A in their proper position. The centre tip .n , o . f Cle ,g o win be 6 ., feet, with secondary ores of .31 feet on each side, ma c . big a total of 1,340 . feet from shore to shorcs. The footway will be 14 feet wide , the lo w er part of the centre hein - , 35 feet above the level of high water. The supporting piers, which arc 60 feet al3o',•e tli, level of the roadway, and 80 feet above the level o;" high water, will be en riched with castings in iron of a very massive descrip tion, besides the ornme!.tal additions. The approaches from the Middlesex side wil: be frein Ifungerford market, and those on tins Surrey biLI e near to Messrs. Godings, the Lion Brewery. It is calculated that to persons re siding in various parts or fAmbe.h, by using this bridge, a distance of nearly half a mile will be saved. PRICES OF SHARES DT CANALS, RAILWAYS, BANKS, ASSURANCE AND OTHER COMPANIES' STOCK. LONDON, TUESDAY, MAY 7. THE SUN, LONDON, WEDNESDAY EVENING, MAY 8, 1844. Names of Com panies. Canals. Ashton and Oldham Ashby-de.la.Zouch..av Basingstoke ••••••••••••••• Breckneck & Abergay. Birmingham, 1.16 th sh. Do. and Liverp. June. Chelmer & Blackwater Coventry ••••••••••••••••••• Cromford •••••••••••••••••• Dudley •••••••••••••••••••••• Derbq « .. .«.» Danube an d Mayne Ellesmere and Chester Erewaah ........ Forth and Clyde. .... Grand Junction Grand Union Grand Surrey Grand Western ..... Glamorgansh. ay. cost Gloucester k Berkeley Grantham ....... Huddersfield Kennet mid Avon ...av Lancaster ...............av Leeds and Liverpool Leicester Leicester & Northerly Loughborough ........av Monmouthshire Montgomeryshire . Melton Mowbray Mersey and Irwell. Macclesfield ......... ......... .•..... ..... Oxford ..... Peak Forest Regent's (or London).. Rochdale av Shropshire Somerset Coal Do. Lock Fund Stock Staftbrd and Worcester Shrewsbury," ........ Steurbridge ......... Stratford-on-Avon..,av Swansea Severn & Wye & RaiL Trent & Mersey, IA sh. Thames & Medway..av Warwick and Birming. Warwick and Napton Worcester & Birming Wilts and Berks av Wisbeach Wey and Docks. Commercial East and West India London Ditto Bonds ......„ Bristol...—. ..... ......aV Do. Bnds, var. amounts St. Katharine Ditto Bands Ditto Bonds Southampton . 'Bridges Harntnerantith •.. Southwark, new subs. Ditto New of 7% pr c Waterloo Ditto Old Ann. of 84 Ditto New ditto of 'IL Ditto Bonds Vauxha11....... ......... av Assurances. Albion. Alfred Alliance Brit. and For Ditto Marine Atlas Birmingham Fire British Fire British Commercial Cler. Med. & Gen. Life County Eagle Economic Life ...... Europeaa Life Ditto New Freemasons.. ......... Globe Guardian..... ........... Hope Life Ditto Fire Imperial Fire Ditto Life... ..... Indemnity Marine Law Life Legal and General Life London Fire.. ....... Ditto Ship National Loan Palladium Life Protector Life Provident Life Rock Life R. yal Exchange Sun Fire ............. Ditto Lifr ........ University Life. Universal Life Union Fire and Life Joint Stk !tanks Australasi Ditto New Brit. North American Commercial of Landon Colonial London & Westininstr Ditto ....... London Joint Stock Metropolitan Provincial of Ireland._ Ditto New National of Ireland..... Nat. Provincial Englnd Ditto New Gloucestershire .... Union of Australia Union of London Gaslight 4. Coke Bath British Ditto Provincial Birmingham Binning. & Staffbrdsh Bristol Brighton Ditto General City of London Ditto New Continental Consolid... Ditto New .... ...... Equitable Imperial Isle of Thanet ...... Independent Phcernx Ratcliff South Metropolitan United General Westmins. Chartered Ditto New. ....... Water Works. Birmingham ...... East London ........ Grand Junction av Kent Nw Riv Lon. Bridg An Manchester and Salford Vauxhall, late S. Lond. West Middlesex......av Yrk Buldg Co.Les.Prep Iron Railways. Birmingham & Derby Binning. & Gloucester Bristol and Exeter Cheltenhm & Gt. West Clarence Eastern Counties Edinburgh & Glasgow Ditto New Grand Junction Great North of Englnd Great Western Ditto Half Shares Ditto Fifths ....... Hull and Selby ...... Leads and Selby Liverpool & hianchestr Ditto Half-Shares Ditto Quarter-Shares London and Brighten Ditto Loan Notes__ London and Blackwell London and Greenwich London and Birmingh. Ditto Quarter-Shares Ditto Thirds London and S. Western London and Croydon Manchester and Leeds Ditto New Shares Manchstr and Birming Ditto Extension Midland Counties North Midland Do. )4-Sh., iss. 10 dis. Northern and Eastern Ditto Scrip, iss.s/. dis. Paris and Rouen Stockton & Darlington South East. and Dover Ditto New, iss. 18 dis. York and N. Midland Ditto New Shares. Albion Copper Alten Anglo Mex., iss.s/. p.m Ditto Subscription Bola n es .....«.......« Ditto Scrip Brazil Imp. iss. 51. p.m Do. Mocaub. & Coc. U. Do. St. John Del Rey British Iron ....... Candonga. Ditto Registered Cobre Copper ..... Copiapo..„ ........ Columbian, iss. 51. p.m General Mining „. Hibernian Imperial Slate Compy Mexican Mining Co. of Ireland Real del Monte, Unreg Ditto Loan Notes Rhymney Iron Santiago de Cuba United Me x., iss.2l. pm Ditto Scrip Ditto New Scrip....„ Literary. Londn, with Sin.Ttcket London University Russell King's College Miscellaneous Anglo Mexican Mink Australian Agricultur Brit. American Land, Canada ....... Upper Canada Bonds., Copper Miners' Comp. Gen. Steam Navigation Iberian Mercantile Co. Ditto Property Met. Wood Pay., iss. 11. Mex. and S. American New Brunswick (Land) New Zealand Penins. & Orien. Steam Royal Mail Stearn Reversionary Int. Soc South Australian Thames Tunnel Van Diemen's Land SCOTTISH COM MAY I, 1 , Bank of Scotland Royal Bank ......... British Linen Compny Commercial Bank Glasgow Union Bank Weiiterti Bank ...... Central P. of Scotland Caledorian Insurance. Hercules Insurance. North Brit. Insurance Insurance Co. of Scott. Edinburgh Lite Insur. Scottish Union Insur Standard Life lustar Dalkeith Railwayy Ediri. and Glas. Railwy I Glasg. and Green. Rail. Dundeoand Arbr Rail. Amount of Share. X s. d. 97 19 0 119 0 0 100 0 0 150 0 0 A s. & leo 1 o - Y 13 4 leo - 43 0 100 - 0 0 Ali Tali IMPERIAL PARLIAMENT. HOUSE OF LORDS, May 7. Their Lordships met at Five o'Clock. SAVINGS' BANKS. Lord MONTEAGLE said he had to call the atten tion of the Government to a statement that had appeared in one of the papers of that day, which it was necessary, in justice to himself and the Government, and also, what was more material than either, the public in terest, that he should notice. Their Lordships were aware, from the Votes of the other House of Parliament, that a Bill had been introduced by the Government for' the purpose of reducing the interest on savings' bank stock. Of course it would be unbecoming to discuss a question then pending in the other House of Parliament, but he might say, in passings., that he approved of the ob jects of the Bill, and considered its principle to be per fectly right. It would be absurd on the part of the public to pay a rate of interest on the de posits in savings' banks which had been fixed at a greater amount than the rate of interest which now pre vailed in the market. But the interest of the depositors was a critical matter to deal with. They were a nume rous class, and many of them were probably not very well informed on the subject ; they were apt to take alarm, above all, when suggestions were made to them calculated to excite that feeling. The state ment he referred to, arising probably from misap prehension, was calculated greatly to impede the object the Government had in view, as well as to create alarm on the part of depositors in savings' banks, and consequently to prejudice the public interest, and much more to prejudice the interests of the depositors themselves. It was mainly in consideration of the in terests of the depositors themselves that he took the liberty of bringing this matter under the considera tion of their Lordships as soon as possible. Their Lordships were aware that, during the period he had the honour of being the Chancellor of the Exchequer, a purchase of Exchequer bills was made by the Trustees of Savings' Banks, which bills were afterwards funded in the Three per Cent. stock. This was not a time to defend that mode of procedure. The Noble Duke opposite knew perfectly well that that pro ceeding was perfectly in accordance with the existing law, under the Act of 1828, which gave the Government the power of mak ing such investments. The statement he referred to was this; "If it should be found that the funds invested in savings' banks have been seriously in jured by the jobbing that prevailed during the time the Whige_held office, the parties interested will be entitled to compensation, and have all the circumstances duly considered in any new arrangement it may be necessary to make." It further appeared by the statement, that interest amounting to 680,000/, representing a capital of 2,000,0001 or 3,000,0001. ster ling, had been lost by these proceedings. He need not assure their Lordships that no such loss had been sus tained ; the statement was altogether fallacious. If any loss were sustained it would not fall on the depositors. To them the public faith was pledged, and every depo sitor was entitled to receive the full amount of his de posit, whatever might be the loss sustained by the sale of stock. If this were not the case there wonld be no se curity for savings' banks. If an early opportunity were not taken of contradicting such a statement an alarm would have been raised which would have caused a run on every savings' bank in London ; and, there fore, he had thought it right to bring the matter under the consideration of their Lordships.—(Hear.) DEBTOR AND CREDITORS' BILL. Lord BROUGHAM, in proposing the second reading of this Bill, said that its object was to remedy a great defect in the law, which enabled a debtor, with his cre ditors' consent, to effect a composition as soon as he found insolvency approaching. Under present circum stances, unless all the creditors agreed the composition could not be effected, and in consequence there was a great premium for a few of them to hold out against the rest of the creditors, in order that they might ultimately buy up the interest of the parties whom they opposed. That defect would be remedied by the present Bill. Lord COTTENHAM had no objection to the second reading being now taken, provided that so doing would not pledge their Lordships to the principle of the Bill. The Bill was then read a second time. Lord CAMPBELL, in the absence of his Noble Friend, Earl Gosfurd, presented several petitions from different parts of Ire laud relative to the Presbyterian marriages. RECAL OF THE GOVERNOR-GENERAL OF INDIA. Lord NORMANBY rose, pursuant to notice, to take the first opportunity on which they had the pleasure of seeing his Noble Friend the President of the Board of Control in his place, to put a question on the subject of the correspondence of the Board of Directors of the East India Company with her Majesty's Government. Under the peculiar circumstances in which he meant to put this question to his Noble Friend, it was neces sary for him to make a few preliminary observa tions. Ile might be more strictly in order in moving for the production of those papers, but at the same time, now, as hitherto, he had every reason to be lieve that those papers would be produced by her Majesty's Government, and if not, the refusal to pro duce them could only be based upon one ground, which, if stated on the responsibility of his Noble Friend, he (the Marquis of Normanby) should not be prepared to resist. Re thought, then, it would be more convenient if he adopted the more informal but more usual course of putting a question, making at the same time a few observations on the subject -matter. When certain opinions were pronounced in that House in answer to a question from his Noble Friend on the subject, he (the Marquis of Normanbyl thought that the immediate consequence would be the production of all the corres pondence so as to enable the House to form ajudgment on the matter. On that occasion he stated that he regretted that they had not an immediate answer as to the production of those papers. The Noble Duke stated, at the time, that though they were not prepared to give an imme diate answer, yet that Parliament had an undoubted right to the fullest information on the subject.— (Expressions of dissent from the Duke of Wellington,) He (the Marquis of Normanby) had certainly so under stood the Noble Duke. He might also allude to what passed on another occasion, in another place, when two of the Hon. Gentlemen connected with the administra tion of Indian affhirs, stated that they hoped, in spite of what had passed in their Lordships' House, public opinion would be suspended till the papers were produced • and her Majesty's Prime Minister, in ans wer , stated that he was not prepared at once to produce the papers. He (the Marquis of Normanby) might therefore infer that up to that time no conclusive reason was entertained by the parties interested against the production of those papers; at the same time, if his Noble Friend opposite should state that the production of those papers at the present moment would be detrimental to the public service, he should not press for their production. He regretted that such decided censure had been pronounced on the conduct of certain parties in the affair, though he must state that his regret was by no means inconsistent with the high respect which he as well as the rest of their Lordships all bore to the Noble Duke who pronounced that censure. However, as a deliberative assembly their Lordships should protest against any weight being attached to that censure. He thought that they were bound, not only as members of a deliberative assembly, but as the highest court of judicature in this country, to hear before they con demned.—(Hear.) If there were any strong objection to the production of those papers, he should feel his re gret at the premature expression of opinion on the part of the Noble Duke very much inceeased.—(Hear.) The power of the Court of Directors to recal the Governor- General had existed more than half a century, and the present was the first time that any collision between the Board and the Government had taken place. Now, he would ask, was there anything in the constitution of the Court of Directors which might incline them to take views adverse to the present Go vernment ? Certainly not. It was well-known that the majority of the Court of Directors were of the same political opinions with her Majesty's present Government; and it was natural to inquire what could be the cause of their disagreement with the Government in this mat ter ?—(Hear.) He by no means thought that a ma jority of his fellow-countrymen were now in favour of her Majesty's Ministers, but still it could not be denied that they were backed by a majority of ninety in the other House of Parliament which had not yet run through half the term of its existence. It could not be through hostility to the Government the Directors had acted ; but it was said that it was through igno rance of the facts. That was not the fact--(Hear, hear) —for the Secret Committee were not bound to conceal such matters from the general body of the Board. He had read over the statutes. and the Charter, and ho found that it was only on questions of war the Committee was sworn to secrosy. All questions of internal policy, and the appointments and dismissals of servants, civil and military, were entirely unconnected with the oath of secresy. Was it possible that Parliament should have given that power, and not retained to itself the means of knowing how the power was exercised ? Suppose it were the case of Sinde,, on account of which the Directors thought it necessary to recal Lord Ellenborough. Why should' not Parliament be informed what the instructions of the Government at home had been ? He perfectly a greed with the propriety of deferring any opi n i on u p o n the conduct of the Go vernor-General until he was there to defend him self.—(Hear, hear.) He (Lord Normanby) had felt in a smaller sphere the inconvenience of exercising important functions in a distant part of the empire, and he should be the last person in the 'world to say that the acts of a man placed in such circumstances should not be viewed with consideration and candour. His Noble Friend need not be afraid that, in calling for these papers, be had any in tention of urging on the discussion which ought, in fairness, to be postponed until Lord Ellen borough had returned to this country. But it had been said that there was an intentiot i on the part of the Government to take steps for de/ riving the Court of Directors of the power which they g Jn this occasion exer cised. If there was any such intena on entertained in any quarter, there was one Noble Lord - that ought first of all others to be heard—that Noble Lo rd having made the most decided objections to any mg luction of the power of the Court of Directors.--f Cries of " Hear, hear.") No one had taken_ a more active or useful part in that House in f he administration of Indian affairs, no one was more ct mversant with them, either when he was at the head of the Board of Control or unconnected with the Governs nent, and he had on more occasions than one warn( .d Noble Lords not to interfere with the hitherto successful balance o [l f s p o o rd wer : Ellenborough ho e iod to be the Noble werweatsheuiouipeinniqic s of the Noble Lord— Bean referred to]—and he (Lc g. a Normanby) had no doubt his opinions so sound then had been confirmed by the practical experience he lied since acquired.— (Hear, hear.) Though he had . been ready, on the request of the Noble Duke, to postp .ne his ques tion till the better health of his Noble Friend (Lord Ripon) permitted his attend dance in his place, yet he must say he regretted the s nail had left for India before he had an opportuni,; e of putting it. It might be that the Directors had judged improperly of the I conduct of the Noble Lord (Ellenborough)—it might be that they did not give the Government a sufficient notice. On the last point, however, they had been given to understand, that the Government had had full seven or eight months' notice. Therefore the indiscretion of the Directors (for so it had been called) wanted one quality which usually attended indiscretion—rashness. He repeated, in conclusion, what he had before said, that if, in the opinion of the Government, it would be inexpedient to furnish the papers, he would not press for them. In that case, however, he must be permitted, as a matter of justice, to say that that House could not entertain a shadow of suspicion of the propriety of the conduct of the Directors, till an opportunity was afforded of placing the whole case before that House and the country. The Earl of RIPON said he deeply regretted that he had been hindered by illness from attending to his duties when the Noble Marquis was first desirous of putting his question to him. However, ho was then ready to state his views as to the production of the papers asked for, though before doing so he must say that the Noble Marquis had introduced the matter in a most fair, candid, and reasonable spirit. And he thought he had acted much more conveniently by bringing it forward as he had done, than by submitting a more formal motion on the subject. He must say, however, that feeling a deep sense of the duty and responsibility which attached to him and the Government, Ministers were unable to consent to the production of the papers. He believed their production would be the cause of great injustice to the Noble Lord who had been recalled —of great embarrassment to the Right Hon. Gentle man who was about to proceed there—and would be most injurious to the best interests of the ser vice. Therefore he must, though reluctantly, decline ; for all the papers ought to be fur nished, or none of them ; and to do this at present would be alike unfair to individuals and injurious to the service. To produce part of the papers would be ob viously unsatisfactory, though it would not be possible for him to say why, because he should then be doing incidentally that which he felt it his duty to decline to do directly. He therefore declined to produce these papers, and the same consideration led him to decline entering on the matters alluded to by his Noble Friend. But he would take the liberty of saying this, that however he might regret the step taken by the Board of Directors —or, how ever inconsistent he might have thought it with the course which he considered advisable to take, he was nevertheless bound to say, and ho did say, that he was entirely con vinced that the Court of Directors, in taking the course they did, were influenced by no other motive than an honest and sincere conviction on their part that they were doing what their duty called them to do. In saying that he did justice to their motives, but expressed no opinion on their policy, If he was ready to do justice to them for the motives which had influenced their course, he hoped he might ask their Lordships to do justice to him and her Majesty's Government, by believing that they had been influenced by no other considerations than these in the course which they had taken, and which obliged them to refuse their concur rence to the step of the Board of Directors. As he could not consent to the production of the papers he thought it better not to risk any discussion on the subject by enter ing into any of the other topics which had been alluded to by the Noble Marquis. With respect to the production of the papers at another time, he thought nothing was more unwise than to pledge oneself on a subject of that kind, and he must decline doing so. Lord BROUGHAM entirely concurred with what had fallen from the Noble Lord, but he felt bound to state succinctly his opinion on the course the Govern ment had pursued. The Government was charged with indiscretion. The Noble Duke opposite, the least indis creet of human beings, was charged for the first time, he would venture to say, in the coursenof his long and illus trious life, with indiscretion for having pronounced an opinion on a question, the materials for forming an opinion on which were not before the House or the public. In justice to the Noble Duke and the Governor- General, they should recollect the position in which the Government was placed. They were called on by the acts of the Directors to pronounce an opinion, because if they did not they would have adopted that act as their own. It was easy for the Board of Directors to say, as he heard they did say, that they were responsible for the peace of India, but somebody else would have been re sponsible besides the Directors, if the Government had adopted their policy. Before sitting down, he must re mark on the highly satisfactory appointment of the Gallant Officer who was about to proceed to the govern ment of India—an observation most favourable to Lord Ellenborough arouse out of this appointment, as the Board of Directors had unanimously concurred in the appointment of Sir Henry Hardinge. They had se lected Sir H. Hardinge for the purpose of censuring the conduct of his predecessor—of rescinding all he had done so gloriously—the Court of Directors must say that they chose Sir H. Hardinge for the purpose of act ing diametrically opposite to the purpose, of acting dia metrically opposite to the policy of Lord Ellenborough, or they had chosen the very man who was most certain to pursue the very same course. Why did he say so ? Because Sir H. Hardinge was a near connexion of the Noble Lord—in fact, his brother-in-law—because he was the bosom friend of that Noble Lord, and because he was a member of the present Government, which had disapproved of the recal of Lord Ellenborough.—(Hear, hear.) It was then clear that it was not from any dis approval of the policy of Lord Ellenborough that that Noble Lord was recalled, but from a more insignificant and merely personal motive. He was glad, then, that it had appeared that no condemnation of Lord Ellenbo rough's policy was the cause of his removal, as that would be the most complete preventive of any mis chievous consequences resulting to Indian affairs from that measure. The Duke of WELLINGTON . hoped, as the Noble Marquis had adverted to what occurred there on a former evening, that he might be allowed to say a few words. In the first place, he begged to observe that, when he spoke on that occasion, he did not entertain any intention of interfering with the privileges of the Court of Directors of the East India Company. If the Noble Marquis remembered anything of his (the Duke of Wel lington's) course in their Lordships' House, and the other House of Parliament, whenever any question re specting Indian affairs was brought forward, he would acquit him of originating any measure which would be detrimental to the interests of the East India Company. When the subject now before the House had been brought before their Lordships on a former occasion, he (the Duke of Wellington) thought it his duty to ex press his opinions on the subject, and he thought he had expressed them as moderately as possible. There could be no doubt respecting the power of the Directors. He had shown when the power was given— he had quoted the Act of Parliament. But he stated at the same time that it was a power which ought to be exercised with discretion; and he did give his reason for thinking that the power had not been exercised with discretion in this case.—(Hear, hear.) He did not think there was anything offensive in that expression, and nothing could be further from his thoughts than to say anythingioig t that when offensive n to any theß doubtoa Board was thrown of Directors. upon Stilltbe con duct t of an officer holding one of the highest and most responsible situations under the Crown—and discharging his duties most meritoriously—(Cheers)—it was the duty of a person representing her Majesty's Government in that House to protect the officer at a distance. He had already stated his opinion, that if Parliament had thought proper to demand the reasons why the Court of Directors had adopted that measure, the papers should be produced, unless there were reasons, as hi s N o bl e Friend stated, for considering that the production of them would be inconsistent with the public interest. The Marquis of NORMANBY, in explanation, said that he had not called for the papers on the very grounds that ho thought that it might be considered inconvenient to the public service to produce them. The Marquis of CLANRICARDE said that the Noble Duke and the late Governor-General of India had always been great advocates of the authority of the Court of Directors—(Hear, hear)—and when the mea sure for limiting the powers of that body was proposed by Lord Grey's Government in 1833, the Noble Duke, supported by Lord Ellenborough, emphatically resisted the measure, on the ground that it would give too much power to fhe Governor-General, and interfere too much with the authority of the East India Company.—(Hear, hear.) He would not attempt to-night to discuss the conduct of Lord Ellenborough in India, but he must say that a better, or more judicious selection, could not be made than the appointment of the Gallant Officer who was to succeed him. But reverting to the subject of Lord Ellenborough, he begged leave to say that they were not called upon, on that occasion, to judge the conduct of that Noble Lord. That was not under their Lordships' consideration. A high functionary had been recalled, and a censure had been pronounced by the organ of the Government on th e b o d y w hi ch had taken onitself to make that recaL What Parliament just now had to do, was, not to judge Lord Ellenborough, but to consider the conduct of the Government, and of the Board of Directors of the East India Company. That the conduct of those Directors had been so indis creet he (the Marquis of Clanricarde) very much doubted. The indiscretion, more probably, attached elsewhere ; for it was admitted that six or seven months ago the Directors bad expressed to the Government the dissatisfaction which they felt. It appeared there was no hope of th e p ro d uct i on o f t h e papers d ur i ng the ses sion. Government charged the East India Directors with having been guilty of great indiscretion, and Par liament was bound to know, as speedily as possible, the proofs which th e G overnment h a d to b r i ng of this indis cretion. Thes e were t h e on ly thi n gs that Parliament could judge of until the return of Lord Ellenborough, for most unjust would it be at present to judge of the conduct of that Nobleman, who might have been a wise man as well as a faithful servant (and he was sure he had been the latter) of that great Company. The Marquis of NORMANBY, in consequence of what had fallen from the Noble and Learned Lord inm members Prsre of e si (Brougham), wished to ask the Noble Lord opposite (Karl of whetherßiptobne)Boardof Control a powernoi w to release was the Secret Committee from their oath, and to allow:them to communicate papers—whether in point of fact that had not been done, and whether in consequence . nu oavesttehde nu merous papers relating to G walior and Slade had n o t been communicated to the Court of Directors ? The Earl of RIPON said that none of the instructions which went through the Secret Committee were sub mitted to the Directors. With respect to Gwalior all the early papers were laid before the Court end were afterwards sent to India. Other documents which pro ceeded from the Board of Control were not produced to the Board of Directors. Lord COLCHESTER thought that the friends of the Governor-General ought in justice to him to have pro duced to them the reasons why he had been deprived of his office. It was very well to ask of their Lordships to suspend their opinion, but was opinion suspended out of doors ? The organs of public opinion had already pronounced their judgment, some one way, and some another ; and he regretted that the Noble Lord the President of the Board of Control, had not felt it con sistent with his duty to produce those papers. The Earl of WINCHILSEA concurred in the regret expressed by the Noble Lord who spoke last. He thought the Board of Directors would, on consideration. repent the step they had taken. If the policy pursued by Lord Ellenborough was condemned by the Board of Directors, would they have concurred in the appoint ment of a member of the same party, and of the same Cabinet, to succeed him ? Lord CAMPBELL said that nothing could be more unfortunate than the course pursued by the Government on this occasion. It was condemned by all parties. It was condemned by the supporters of the Government, the personal friends of the Noble Lord (Lord Ellenborough), and it was condemned by those who disapproved of their po licy. He regretted that the Government had not thought fit to produce those papers, because the Government al ready, in the person of the Noble Duke, had pro nounced a heavy censure on the Court of Directors. As to the appointment of Sir H. Hardinge he could not concur with the Noble Earl who spoke last, that it showed the contrition of the Court of Directors. He thought the Court of Directors were treated very hardly by the Noble Earl and his Noble and Learned Friend on the Woolsack, when they spoke of the Court of Di rectors as if they were now doing penance in sackcloth and ashes, and making amends by the appointment of Sir H. Hardinge. He approved of the appointment of Sir H. Hardinge, because he did not think he would follow in the footsteps of Lord Ellenborough—that they would have no such proclamations from him as they had had: about the gates of Somnauth. With respect to the act of indiscretion, as it was called, which the Court of Directors had committed, he (Lord Campbell) thought it a most felicitous act of indiscretion. He would say, with Hamlet— " Our indiscretions oft-time serve us well When our deep plots do fail." Lord NORMANBY inquired if all the dispatches which had been received relative to the affairs of Sinde and Gwalior had been communicated to the Court of Directors ? Earl RIPON was not sure that he could exactly answer the question. He thought, with regard to Sinde, that no papers had been communicated to the Court, except those which had been laid before the two Houses of Parliament. With respect to Gwalior, all the papers, whether of importance or not, which had been received in the course of last summer, and up to autumn, were, at the request of the Secret Committee, laid before the Court. CHARITABLE BEQUESTS (IRELAND). The Marquis of NORMANBY said hQ bad a motion fixed for Thursday next, for a Commission to inquire into the Board of Charitable Bequests and Donations in Ireland, and he was happy to learn that a Bill, regarding the constitution of that Board, was under the considera tion of her Majesty's Attorney-General. He would, therefore, beg to withdraw his notice of motion, as that Bill would answer all the ends he had iu view. RAILWAYS. Earl FITZWILLIAM said that, previous to his proceeding with the motion which he had on the paper, for an address to her Majesty, for the appointment of a Commission on the subject of railways, he wished to inquire of the Noble Earl whether it was the intention of the Government to assent to or negative his proposi tion. Until he had received an answer on that matter, he would not trouble their Lordships further. Earl DALHOUSIE would state in a few words the reasons why Government did not think it right to accede at the present moment to the motion of the Noble Earl. The ground of their so doing was that the whole of this question had now for some time past been under the consideration of a Committee of the House of Commons. At a very early period of the session his Right Hon. Friend the President of the Board of Trade had brought the question under the consideration of the House, when an instruction was moved to the Committee to consider all modes of providing for the public good with respect to railways. Three reports had already appeared from that Committee, and had been laid before Parliament. Two of those referred to the railways that came before Parliament this session, and the third took a wider range, and suggested very important alterations in the railway system. One of those related to providing car riages of a more commodious kind, and having seats in in them, for third class passengers. The present mode of keeping those passengers standing for twelve or six teen hours in a carriage, while making a journey that could have been made in seven or eight hours, was very discreditable to the companies that adopted such a course, and would be equally discreditable to the Legis lature if it permitted the continuance of that abuse. Care should be taken that there should be no evasion by the companies of the regulations on this score. Another recommendation of the Committee was, that it should be an indispensable condition of railway Bills in future, that the proprietors should consent, at the end of fifteen years from the time when the original Bill was passed— they should submit to the alternative, in case their pro fits were above ten per cent , to permit those profits to be reduced to that amount, but not below it, or allow the Government the option of purchasing the line for twenty five years' visible profits. He mentioned those things to show that the Committee of the House of Commons had entered in earnest into the consideration of the subject. Earl FITZWILLIAM was glad he had taken the course he had, but still he thought it doubtful whether, even after the labours of the Committee had been brought to a close, such a motion as that which, he had on the paper would not be necessary. He would, how• ever, withdraw his motion. The motion was then withdrawn, and some private Bills having been forwarded a stage, the House ad journed at Half-past Seven o'clock. HOUSE OF COMMONS, May 7. The SPEAKER took the Chair at the usual hour. LEEDS AND BR ADFORD RAILWAY. On the motion for the further consideration of the report on the Bill. Mr. MACKINNON moved that the report be consi dered that day six months. Mr. LASCELLES seconded the motion. Mr. YORKE supported the Bill. He thought im proper methods of influencing the Hon. Members on the question had been resorted to. Sir E. COLEBROOKE thought the opposition to the Bill came at a rather late stage, and that the House was called upon, under the circumstances, to confirm the de cision of the Committee. Mr. STUART supported the motion. After a short conversation the House divided, when there appeared— For the amendment ' Against it, Majority for the Bill, —66 The report was then ordered to lie taken into further consideration. After a few observations from Mr. M. Philips, Mr. S. Wortley, Mr. C. Wood, Lord Howick, and Mr. Greene, Mr. T. I)UNCOMBE wished to know how the House could do these parties justice by binding them to the absurd regulations of the Standing Orders. He thought the public interest ought to guide these proceedings, and he would propose, therefore, that the debate be adjourned, in order to see if the parties could not make out a case that would induce the House to re-commit the Bill, in order that the public should have the best line. The Hon. Member concluded by moving that the debate should be adjourned. The SPEAKER then put the question, that the amendments should be read a second time; and also the amendment of the Hon. Member for Finsbury, that the debate be adjourned. Mr. LAWSON opposed the amendment. He thought it was their duty to support the Standing Orders of the House. Sir GEORGE STRICKLAND thought there was no practice so bad as that of excluding evidence. The law now, in accordance with the increased intelligence of the age, admitted evidence more freely than it had heretofore been accustomed to do. They were now arguing a case of the exclusion of evidence before a Railroad Committee. Were they not, by giving such an interpretation to their Standing Orders, committing a great national injustice ? They had the high authority of their Chairman for saying that the House was in error in putting such an interpretation upon their Stand ing Orders. If this interpretation were the true one, whenever a railroad was projected, whatever injury it might inflict on the proprietors, through whose property it might run, there would be the greatest diffi culty in proving that injury. He should support the amendment. Strangers were then ordered to withdraw, and the House divided, when there appeared— For Mr. Duncombe's amendment Against it Majority against the amendment -38 The amendments were then read a second time. Lord ELIOT gave notice that, on Tuesday next, he would move for leave to bring in a Bill to regulate turn pike trusts in Ireland. Dr. BOWRING gave notice that he would bring on his motion on quarantine on that day fortnight. The Hon. Member also moved for a " Tabular return of the quantities of wheat, flour, meal, barley, oats, potatoes, cattle, sheep, and pigs, imported in each year, ending the sth day of January, from 1835 to 1 844, into the Isle of Man ; exhibiting also the average price of the several species of corn by the London Gazette, and the average duties payable thereon. Tabular return, for the same years, of the same articles exported from the Isle of Man."---Agreed to. Sir R. PEEL brought up copies of the correspondence which had taken place between the Government and the Bank of England, which were laid on the table. The Exchequer Bills (18,407,0001.) Bill was read a third time and passed. - COLONEL BONET. Sir R. PEEL said he would take that opportuilit'l of alluding to a statement which had been made in that House (upon which certain questions were pkit to the Government), to the effect that a Bri_iish officer, commanding a ship off Alicante, IPA been ap plied to by a Spanish officer, C.;olonel Bonet, who was under great appriznension with re gard to the probability of hi 3 immediate execution, to be taken on board that ship, and that the officer com manding the ship, which was called the Scout, Earl re fused admission to the vessel to Colonel Bonet. 'l'►h,e question which was put to her Majesty's Governn., nt upon this subject was, whether they had given instruc • tions to tl 'officer commanding the Scout, to refuse admission, under the circumstances, to Colonel Bonet, and whether any account had been recolved by the Admiralty from that officer respecting the transaction. He (Sir R. Peel) stated at the time that no such instructions had been given. Since 'the statement to which he had referred, however, had ap peared, Captain Drummond, the officer. in question, baa forwarded a statement of the whole' trairgattion, which he (Sir R. Peel) would read to the House. and he thought it would be a decisive proof as to the po licy of their suspending their judgments upon reports until they became acquainted with the subject. The letter was dated her Majesty's ship Scout, Gribraltar, April 20th, 1844, and was addressed to the Secretary of the Admiralty. Captain Drummond said, " Sir, I have just read in Galignani's Messenger an ar tioe which was taken from the Chronicle, containing a moat libellous statement against a British vessel of war lying at Alicante, during the late disturbances ; and as it coo: eludes by hoping that the question would be mentioned in the House, I think it right to inform you of the tray saction that occurred, I being the officer in comman d of that station at the time. On the 13th of Februel I arrived at Alicante, :and Mr. Wearing, th l Consul, immediately came on board, and he stated t hat Colonel Bonet, the Governor, wished to come to see I replied that I could not receive any such person , being in arms. Mr. Waring replied that my refusal receive Colonet Bonet would greatly exasperl him, and might endanger the British and property in Alicante ; upon which I consanr. to see Colonel Bonet on deck in the presence of La` officers of the ship. Colonel Bonetthen stated that he came to offer me any assistance I might require dale! my stay at Alicante ; and I replied that my h object in visiting Alicante was to protect Drir subjects, and British property, and he !"', quitted the ship and he never came 10° 4 side of the ship again during my stay at Alicante , a" I left on the 6th of March." This was the whole 401 transaction, and it now appeared that instead of Coll Bonet asking assistance, he, came to offer Captain Drummond went on to say that he would bb v o had a most unpleasant duty to perform, but that a would have been quite prepared to act on his own r e sponsibility, had Colonel Bonet applied to him under W circumstances which had been stated. al Lord JOHN RUSSELL was understood to exP„ l ,: e „ . his satisfaction at the statement which the Right 'JO"' Gentleman had just read to the House. Mr. P. BORTHWICK said, that his object in putty the question to which the Right Hon. Gentleman h referred was only to elicit information on the subject* COALS. In answer to a question from Mr. HUTT, respecti n g a return of the amount of coals exported, SireG. CLERK said there was considerable difficu l l in making out the return wished for. Some time 1009 elapse before it could be presented in a satisfactory stain Lord HOWICK thought the return might be 0 2 , out in a short time, and if then* was any i nc onveniel; in making out the ret ur n, he th oug ht the Right 1 1e Gentleman himself was to blame. He hoped the retu.li: would be furnished before the discussion on the rt; which the Right Hon. G e ntl eman th e Chan c ellor a W Exchequer proposed to introduce, took place. INDIA. Mr. HUME said that, agreeably to the notice w h ic h he had given, he rose to bring forward his motion r e ,: specting what had recently taken place relative t 0 India. Believing, as he did, that the subject ^:f an important one, he claimed the indulgence the the House whilst he stated what were his views of situation in which they were placed by what had late) occurred relative to that portion of her Mikie s . lo dominions. The Government of India was placed very anomalous position. They saw an immense ally) containing about 100,000,000 of inhabitants, subjectetl s . the Government of Britain by means, chiefly of India Company ; and they saw various large r important portions of the government of that cone conducted by the Court of Directors—a body appoil l , by by the proprietors of East India stock, who, he raig o , say, first created that immense empire. Few were aw s os what had been done of late by th e Legislature in referee. to that Company, an d w h a t littl e p ower h a d been left. t i them. There were two authorities governing Indiavyl - power. There was the Board of Coan":, sioners for managing the affairs of India, who , trolled the power of the Di rec t ors connec t e d w ith il lw°,4 o One of the most import an t d u ti es w hi c h d e volved of them was the appointment of th e Crovernor-Gener s t o India. They appointed whomsoever they approvea, A question had lately been raised how far they litso us a power of retaining that officer. It was said that they, P . _ e a the power of retaining him in his office, but he bele!„, e no individual connected with India doubted that _ , ; 16 power of recalling that officer rested with the C.° 6o of Directors. This very power was retained to n 4 in the last charter, as if they had foree7o and resolved to provide for the circums.„ts n os o which had just taken place. The Is' n t t o might not be aware mat a hint had been thrown cal los the Court of Directors in 1833 by Sir CIA Grant, then Pre s id en t o f th e B oar d of C°D, Ths t of taking this power from the Court of Directors. t he was immediately opposed, and the reasons given for be assumption of the power of recal appeared to him tijr perfectly satisf ac t or y. Th e Ch a i rman an d Depot9";l3s, man, Mr. Banks and M r . Wi gram , s t a t e d, i n June, •:,, eas , why the power whi c h th e y h a d s h ou ld b e cont i nue d to P ' There was another communication of the same da te ' Mr. Tucker, who observed that he was willing to her, that Ministers would render the Court useful ; WU/ could not say ho w th a t was t o b e d one , w h e n the e'lir is responsibility rested with the Court of Directors, aro had been taken away from the Gov e rnment. t o y authority had been continued to the Directors, and ka ti had now exercised it, and he f e lt no doubt that It r s been exercised wisely ; although he had not the paP e og , before him.—(Hear, an d l aug ht er .) H e m i g ht be w rn oa but still he thought, from all he bad heard, that t o Directors had acted rightly. It was important that Court of Directors should stand well in thepublic opit u „; ( 1 and the Governm en t o f I n di a , an d i t was on that gruiTes that he asked for the papers with respect to the &se tt , s that had taken place between the Government an' of East India Company. It could not be a questionto ordinary occurrence that induced twenty-three men eci recal Lord Ellenborough. This could not be constrills, into a political question; the large majority of the and rectors were in favour of the present Governraeol , o st there must, therefore, have been reasons of the latT be i importance to warrant the Directors in the course: o ll had adopted ; it, therefore, behoved all parties tha t information should be given on the subject. j u lotir from what fell from two Directors on a former oce ns be that it was their wish that full information shouldlis given on the subject, he had come forward to efie . , l 00 1 information he was now asking for ? Why did he "2, in Because a most important Minister of the Crow bad another place censured the Court of Directors. '''' h y. o sea t passed upon them a censure so severe, that he b e ", no parallel could be found for it. It was, theref° lc r i g lit importance to know whether the Government wer e fi e in the censure they had passed, or the Directors g as correct in the course they had pursued, and nothiu :n g, for better calcul a t e d t o so l ve t h at quest i on than InorZi to the correspondence.—(H ear , h ear .) N ow , he wan te d know what the resolutions were that had been pal l i er - se the Court of Direct ors , i n or d er to judge, S i t ' bee! many month s ' consideration, why they ha d eel induced to remo ve th e Noble Lord. In the the of the Noble D u k e i n anot h er p l ace, h e charg Court of Directors no less that six times with indlsahi, e Was it possible to su p pose t h at t h e D u k e Wal l ' ,, t go o° discreet enough to ma k e suc h a statement u ithon,_ e f o se grounds? He must have had the document s him, and yet he six times charged the Court of J"_ ti be tors with g ross i n di scret i on . Af ter a Minister It Crown had ma d e t h ese c h arges aga i ns t th e Dire et ,.. or lo 6l was absolut e ly necessary th a t th e p a p ers should v h `i ba before the House, in order that the matter n ii g o f th e cleared up. He would not allude to any portion, been conduct of Lord Ellenborough, except to what ha d Os alluded to by the Noble Duke on that occasW' r por, had stated it was indi scr e e t to r e move the Ge l s e ans General while Sinde was disturbed and unsettl e i r el immediately after his recent successes in Gwalifn ie bad the documents he had seen on those subjects t ot °, come to a conclusion di ame trically opposed W hefi r:/ the Noble Duke.—(A laugh, and cries of "gea r ' u i s oW n s No doubt the Ri g ht H on . B arone t o pp os ite had P A , si) opinions upon the su bj ec t ; h e was a c q uainted l'i l " r sot the documents ; but he trusted that he would P x ; r ei§ him (Mr. Hume) not only to entertain but to e t if o f his opinions also.—(Hear, hear.) Believing th e .,lo ° explanation were not given, the character, not o' t s o lso, the Board of Directors, but of the Governrne t u d e osa n would suffer, and that serious consequences wou' he to°; in India, he appealed to the House to support t mut e tion. All important orders sent to India are slL, b o itte n to the Board of Control, and to the Secret C°l B of the Court of Directors. He did not ask for t w et respondence between the Government sad the . ce Committee, but he did ask for th e cor respond s :oo tween the Government and Court of Directors g e ooe ssal and the production of that correspondence was, n vihi c 4 to free the Court of Directors from the asper_si °l2 . o oo o 24 had been cast upon them, and to free the L.To i. e - COw o i from the charge 'of having acted unjustly to t' e uld re' of Directors, in support of his motion eNo 0 p to the Noble Duke himself when asked if be pared to bring such information before the of would enable them to judge of the i n diseretio n o sn ° Court of Directo rs; th e D u k e h a d sa id that be bu y prepared to say what papers would be pr°° ll 6o o t' that Parliament was entitled to all the inforraati en to could be afforded. All he asked for was i 11 ,,„ - title ci s to the British and the Indian public were afik e , - e ssaria t e the production of those papers Which were 11- ", i of ", t bring the conduct of the Beard of Control aS - 0 , Board of Directors before Parliament. The o n n Cle° Ce ;, her concluded by moving for copies of all carrel); Co; between the Court of Directors of the East An tiv g o f pany and her Majesty's Government, resPt e eers' recal of Lord Ell en b oroug h, t h e Governor'''. ic i e st India. d49erthe Sir R. PE opposition EL—Sir, I rise to offer my ra°' 'PI Hon. Gentleman the motion of the Hon. Goatlentalliboriti 0. p an m i o a hp between a l shou should e b e twom „1)7, states that this House is the el l diger to which ence, of . co,aritr , y invested with the Government f fig" . 0 1 ° o ~0 '.3e true that this House is the court of epee" h ease' s ' we are called on to exercise our judgment in el l f - „ per lam confident ad ch e i eifnacuatsheorlii , t4 a hl a rc that the House will not proceee "" the form coni those duties and to pronounce an opinion ° ro e lO f c uct of my Noble Friend the Governor -Gene to r Governor-, $ e lndia .t in his absence. Those considerations 01.1-- oppose whoqui v which induced the Right Hon. Gentletaan,e,,Ppl" con . had given notice of a motion on a matter whico - „ - hiect sidered o ' notice t the utmost im 0 the S'"" portance—l mean o eon of the recent transactions in Gwalior—those We - • bt cru se Lord siderationsof ' equity and justice which induced t-,,, I,ora Hon. Gentleman to postpone his motion, heee ils- idera" Elk aborough had been recalled ; those same collsoilig tier ' psonol co y •,,,, I say, must prevent the House from any judgment in the absence of my Noble Frie e n, t o ,mi, I doubt whether, if the Hon. Gentleman si't,°sit, obtain the papers, his object would be gained. hut, that is not the ground upon which I offer ms Ogle to the motion of my Hon. Friend. The sieg' e n. : - is e which I think ought to be considered in this d the what is most conducive to the interests of India, a° tha t maintenance of British power in that country. aT3Yerwed consideration, and upon that alone, was je" °- rso when we came to our decision.—(Hear,hear.) All pe dal nal considerations were entirely suspended. Ido n es pnt the right of the lion. Gentleman to-e xerc i s e hijudg 1 e? -ti_ with respect to the affairs of Gvvalior. lirhen i n • mated a doubt as to the position which he assumed al . t arose fro ~ e , the course of his observations, my doubm 011. the DF . circumstance, V that the Hon. Gentleman said, ~ of 1 ' elfington entertains opinions favourable to i , the g 4s. 14 15s. e per cent. 5 per cent. 5 per cent. :148s. and/ ts.6d. bs. ;per cont. ".'per cent. 3 1 4 per cent t per cent Gs. IST OF per cent. (per Cent. per cent. per cent. 3per cent. pet cent. pr cent. per cent. t. . 2 I perl , r r e cent.e : n ; t • ner cent. t. 5 per cent. :..per cent. i)er cen t r 4 4 4 'ES. 170 X 169% 224 172 - - . REMOVAL OF TRANSPORTS FROM WOOLWICH.— Yesterday the Barosa, lying off Woolwich Dockyard, was prepared for her departure to Hobart Town, Vali Diemen's Land, by taking on board, as her cargo, 364 male convicts, 84 of whom were lads. The cargo of the Barosa, says the writer, is the third draft 64'900 convicts from Woolwich within the last few weeks. Dividend per Annum. fbi per cent. 41. per cent. 41. 401. $l. 15s. 71. 11. 53. SI 12s. 9d. .56. 1.106. 241. 101. 171. 304 3)( t . 17e. Oci. 104 6 percent. 2$ 151. 20/. IL 10s. 15/. 821.705. 10/. Si. lea. 41. 11. 4e. 3 per cent. per cent. 4 per cent. 4 per cent. 10€. 5 per cent. 5 per cent. 46 per cent. 4 per cent. 4 per cent. IN percent. I/. Os. Bd. 18s. Id. per cent. 11. 7s. 3‘ 104. 4 percent. ti per cent. 6 per cent. 13s. tki.yr sh 51. 4 per cent. 7s. per share 5 per cent. 3/. ns. 5 per cent.l . Re 30s. bds. SM, per cent. 5 per cent. 5 per cent. 6 per cent. S per cent. 4s. '2s. 6d. 12 per cent. 12s. /. sh. 8; bds. 11. ss. 10s. 'los. 5 per cent. 5 per cent. 5 per cent. IL ss. 5 per cent. 4i per cent. 11. 4s. spe cent. 1O per cent 51. 8 per cent. 6 per cent. 5 per cent. 5 per cent. t per cent. per cent per cent. a per cent. 6 per cent. 21s per share i3s. per share 10 per cent. I:per cent. 16s. 1/. ss. 1/. 7s. 51. and b.. 45( 2 1. and bs. Fier cent. 7 cent. 104 Pl per sh /5s per sa 8 per cent. 5 per cent., G per cent. 5 per cent 6 per cent. .q 4 per cent. 3/. 12s. 2/. 101. 21. las. 21. 10s. sRt:r cent. 4/. 16s. 11. 14s. 105. per tit 11. 4e. per cent. 2!. 10s. es. per ah. 2L 5e perch 70 lOd per sh 10 per cent. 2g, per cent. SI. 58. per sh 2561. per sh. Ns. per sh. per cent. 10 per cent. 10 per cent. 10 per cent. IV. per sh 10%. per sb. 11. 14a. Si.per share 35441 per sh SL 17s. pr sh 113 s per sh li. 1L 10s. 11. ss. 'lss. U. 1 ls. 10d. 15 per cent. per cent. 10 per cent. 10 per cult. 11. 11. 81. 17s. 6d. I,los. JO per cent. 10s. per :h. 11. 101. perch. 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