The Sun. — London, England, 1851-02-18 00:00:00

THEATRE ROYAL, DRURY-LANE. Lessee and Manager, Mr. Tames Antic: son. TO-MORROW EVENING, Will be presented by her Majesy's_§ l : Twit. THE ELDER BILOTIIER ; or Lore at First Sight. After which, a new grand Operatic Spectacle, entitled AZARL, VIE PRODIGAL. Reetben, Mr. Vandenhoff ; Azael, Mr. J. Ander son ; Amenophis, Mr. Emery ; Bucharis, Mr. Cooper ; Sethos. Mr. Rafter; Jephtelle, Miss F. Vining ; Nefte, Mrs. Walter Lacy; Lia, Madile. Victorine Legrain. THEATRE ROYAL, HAYMARKET. Mr. B. Webster, Sole Lessee and Manager, Old Brompten. THIS EVENING, _ _ Will be performed a new and original Comedy, called PRE SENTED AT COURT. Charles the Second, Mr. Stuart ; Captain Montague, Mr Howe ; Rochester, Mr. Davenport ; Marquis de Fla mer, Mr. Selby ; Geoffrey, Mr. Buckstone ; Anne Franklyn, Miss Reynolds , Miss Middleton, Miss A. Vining. To be followed by a new and original comic drama, called GOOD FOR NOTHING. Tom Dibbles, Mr. Buckstone ; Harry Collier, Mr. Howe ; Young Mr. Simpson, Mr. Clark ; Nan, Mrs. Fitzwilliam. To &include with the Nautical Drama of BLACK-EYED SUSAN. William, Mr. Davenport; Admiral, Mr. Rogers; Captain Cresstree„ Mr. Parselle ; Gnatbrain, Mr. Buckstone ; Jacob Twig, Mr. H. Bed. ord ; Susan, Miss A. Vining. THEATIcE /WI AL, ADElartu. Under the direction of Madame Celeste. THIS EVENING, Will be performed an-entirely new grand Drama, n 3 acts, entitled BELPHEGOR THE MOUNTEBANK ; or, The Pride of Birth. Duke de Montbazon, Mr. Hughes ; Count de St. Cyr, Mr. Boyce ; he Chevalier de Rolac, Mr. 0. Smith ; Guillaume, surnamed Bel ,Mr. B. Webster; Ajax, alias Mr. Merryman, Mr. Wright ; Captain Pufferes, Mr. Worrell ; Madeliene, Madame Celeste ; Nini Flora Aphrodite Stilz, Miss Woolgar. To be followed by a new Extravaganza called LA TARANTULA; sr, the Spider Xing. Characters by Messrs. Wright, P. Bedford, C. J. knith, Honey, Miss Woolgar, Miss E. Chaplin, Miss K. Fitzwilliam, Madame Celeste, Sec. ROYAL PRINCESS'S THEATRE, OXFORD-STREET. Cruder the Management of Mr. C. Kean and Mr. Keeley. THIS EVENING, Will be performed the Comedy of THE PRISONER OF WAR. Characters by Mr. C. Kean, Mr. Keeley, Mrs. C. Kean, and Mrs. Keeley. To be followed by THE LOAN OF A LOVER, in which Messrs. J. Vining, Addison, Keeley, and Mrs. Keeley will appear. After which a new Comic Christma- Pantomime, called ALONZO THE BRAVE AND THE FAIR IMOGENE ; or, Harlequin and the Baron all covered with Jewels and Gold. Clown, Mr. Fleamore ; Harlequin, Mr. Cormack ; Pantaleout lir. Paulo ; and Columbine, Miss Carlottz Le Clercq. ROYAL LYCEUM THEATRE. Cnder the J!danagement of Madame Vestrla. idols Lessee, Mr. Charles Mathews. THIS EVENING, Will be performed FtOMANTIC IDEA. Atter which an entirely new and original Fairy Extravaganza, to be called SING CHARMING; or, the Blue Bird of Paradise. Characters by Messrs. C. Mathews, F. Matthews, Horncastle, Suter, Bellingham, and Honner ; Madame Vestris, Mrs. Frank Matthews, Miss 3rllis, Mrs. C. Horn, Miss St. George, and Miss Martindale. To conclude with SHE RINGDOVES, in which Messrs. C. Mathews, F. Matthews, Basil Baker, Mrs. F. Matthews, and Miss M. Oliver will appear. ROYAL OLYMPIC THEATRE. Lessee and Manager, Mr. W. Farren. THIS EVENING, Will be perfor ned SEXTUS THE FIFTH ; or, The Broken Vow. Amer which LOVE AND CHARITY. Y AI. rid T,IiEA LitE. 11We: the Patronage of her Majesty and his Roy - al highness Prince Albert. Proprietor and Manager, Mr. W. Batty- Extraordinary series of attractive novelties. TIES" EVENING The Grar.:l new Spectacle of KENILM , ORTII ; or the Golden Days of the Vtgin Queen. with new and costly costumes. Together with Butty's splendid Scenes of the Circle conc,lude with an entirely, sew and original grand Eques trian Drama, HOR.SI:: AND TILE OASTLER ; or, The Illacic "Le;ena of Itothernithe. • Los-olllce opealpoin Eleven till Four. Stage Manager. Al r., T.-Thouipson,„ 111Gli WATER. Al LONDON BRIDGE Tuts ~)AT —fforning 25 min. . - Ifter 3 Evening 48 rain. after 3 To -.0 . 3.34 —Morning 10 min, after 4 !Evening 31 AIM. after 4 TLIE Wig ATHER.—SrN OFFICE. FEBRUARY 18. T/TER4O3IETEP, I 1 THE SHADE. 45—highest since noon yesterday. as—lowest this morning and during the night ;50—this day, at noon. _ _ BARomETzu, 30.03. WIND S.W.—fine sunshiny weather. The hard frost of yesterday turned to rain last evening. DAILY WEATHER TABLE. state of the Wind and Weather at.each of the following aces at Nine o'clock yesterday morning.—The stations are arranged in order of latitude. KINGsTowx (Dun[As) —Wind S.W., calm—partially cloudy. PLYMOUTH—Wind S. E. , calm—foggy. Poor-F.—Wind E., uentle breeze—cloudy. PoaTSMOUTH—Wind &E., gentle breeze—cloudless. BRIGHTON—Wind N.E., calm—cloudless. HASTINGS—CaIm —cloudless. SO UTHA f.PrON —Wind N.E., calm—foggy. FOLKESTONE—Wind S W., gentle breeze—cloudless. TtrNartmGE-• —Wind S.E.. gentle breeze—partially cloudy. BASINGSTOKE—Wind S.W., calm—cloudless. GAZE ENW ICH—Wind S.E, gentle breeze—cloudless. swlNDoN—Wind S.W., light airs—clear. OS-Form—Wind S.E., calm—partially cloudy. COLCHESTER—Wind N.W., gentle breeze—partially cloudy. CAmisnanGE—Wind S.W., gentle breeze—cloudless. RUGBY—Wind NON., gentle breeze—cloudless. BlRmnum.sur—W ind S. V., gentle breeze— partially cloudy. PwrEaTwatouGH—Wind S.W., calm—cloudless. Taamotrru—Wind &E., gentle breeze—Cloudless. CREWE--Wind S.S.E.,gentle breeze—partially cloudy. E.OLTR'' S.W., strong breeze—rain: lAvEaroot,--Wind S.E., gentle breeze—partially cloudy. MANcaEms.--Wind S , iresh breeze- overcast. LEEDS-. Wind S. W., calm—partially cloudy. YORK—Wind S., calm—cloudless. LANcasvitx—Wind S.E., calm—principally clear. I,..)aataiacivox—Wind S. by E., gentle breeze- frosty. SHAY—Wind S., strong breeze- rain. CaßtAstz—Wind S.W., gentle breeze—partially cloudy. Ltrarrocw.—Wind S., gentle breeze—rain. The returns from the following places indicate the state of the wind and weather on Saturday morning at nine o'clock : • LIMERICK—Wind S., gentle breeze—partially cloudy. C KLOW Wind S. W., gentle breeze—partially cloudy. ULLLNGAR W ind S E., gentle breeze—overcast. POOLE Wind E., gentle breeze—partially cloudy. FIA.TPLNGS —Wind S.E., gentle breeze—cloudless. !I.Ei,NilllCH—Calm—dense fog. COLCHESTER—Wind >LW., gentle breeze—partially cloudy. CAMBRIDGE—Cairn— foggy. YARMOUTH—Wind S. W., gentle breeze—cloudless. LYNN—Wind S.W., gentle breeze—foggy. IP l II* 1111 Ut ; ti IrS tFIWY LONDON, TUESDAY, FEBRUARY 18, 1851. The Lords met yesterday, and sat for a short time, No business of iMportaitee ca before them. In the Commons, after the transaction of some preli minary business, the House resolved itself into a Com mittee of Ways and Means, and The CHANCELLOR of the EXCHEQUER rote to bring f .rwerd the Bridget, and appealed to that indulgence of the House which he basi often experienced. He deeply felt the importance of the proposals he was about to make. On former occasions when he had proposed the continuance of the income-tax there had been but little choice left to the House, but on the present, occasion he felt there might be some opposition made to its continuance. The financial statement of the affairs of the nation up to the sth January would give a very tolerable idea of what would be the state of affairs at the end of the financial year, but it should be borne in mind that in the estimate he was about to submit that estimate would extend over a period of 14 months. The impor tations of corn during the past year were nearly, bat not quite equal to the importations of the year previous. Last year he had estimated, the income at 52,281,0001., the actual income was 52,810,0001. He estimated the income for the next year at 52,656,000/. He had estimated the Excise at 14,045,0001., and deducting the brick duties, at 13,595,0004, the actual revenue up to sth April amounted to 13,688,0004 The estimated ex penditure was 50,785,0001.; the actual Expenditure up to April would be 5 0,134,500/. He estimated the receipts from the Customs for the ensuing year at 20,430,000 1 ., the same as last year. In the Ex cise he could not calculate on so large a receipt, in con sequence of the deficiency of the barley har vest. He calculated the Excise revenue at 14,000,0001. Ia stamps there would be a fur. ther decrease, in consequence of the Act of last session, and he did not calculate upon a larger revenue from stamps than 6,310,000/. The taxes and property-tax he took at the same amount as this year—taxes, 4,348,0001.; Pr°Pely-tax, 5,328,000/. ; and including Post-office, 8,030,0001. Crown lands and miscellaneous receipts, and old stores, as last year, which would give a total from these sources of 52,140,0001. He now came to charges. There was a decrease in the charge of th© debt for the idle of terminable annuitieb,which would eventually extin guish a portion ot the debt. The amount of,the debt charges, funded and unfunded, was 30,692,000/., for the army 6,545,000/., for the navy 5,537,5504, and for the ordnance 2,424,1711. There was a reduction of expenditure, but no reduction of forces. The Government thought that in the present unsettled state of Europ e it would not be pru dent to propose any reduction of force. He was no alarmist, but there was the widest difference between unnecessary alarm and absurd confidence, and all were aware that our forts and arsenals were not in a nee e ,_ sexy state of defence, and a vote would be proposed to con tinue the defences of the Pembroke Dockyard, an d to in crease the means of defence of Portsmouth and Plym outh. The vote for services would be this year 19,555,0004 , being a reduction of about 300,0001.; from this must b e inducted certai❑ excesses of former estimates, an d the reduction for this year world be about 245,0001 . In compliance with various requisitions tee allowance of grog to the sailor had been diminished and his pay increased and the stoppages of the soldier's Pay abroad had been diminished; this creased an additional charge of 60,00 ,'l. The navy estimates were 4,256,000/. And there was also another expet:se which he proposed to take on the country, and that Was taking the census, which he estimated at 110,0004 ii proposed to take the miscellaneous esti snatea at 4,000,0001. The total expenditure would be 50,247,171/., leaving an estimated aueplus of 1,892,0001. The main question, now was tna renewal of the income- , i tax and of the stamp-duties in Irefand. The income tax he estimated at 5,400,0001., and the stamp-tax in Ireland at 120,0001., but if the House should re fuse to renew those taxes, there mould be instead of a surplus, a deficiency of 3,680,000/. When Sir R. PEEL I first proposed these taxes the deficit was only 2,140,0001., and if Hon. Gentlemen opposite thought that a sufficient reason for the imposition of the income-tax, he could hardly think that they would now oppose its continuance. He, certainly, on that occasion opposed the imposition of the income-tax; but he stated at the time, that if it were to be imposed for the purpose of making a great alteration in the import duties he should be prepared to support its renewal, and acting on that principle he had supported its renewal when proposed by Sir R. PEEL in 1845. The timber duties, the corn duties, and the sugar duties had been reduced, and therefore he was justified in proposing the continuance of that tax. If the House did not accede to his proposition there must either be a loan or a reduction of expenditure to that amount, he did not believe such reduction possible, or they . must impose new taxes to that amount. We had been for years past repealing taxes which pressed upon industry, and which could not be 1.0-imposed, and there were other taxes of the same character far more ob jectionable than the income- tax. He trusted, there fore, that those who wished to carry out the system of improvement of our canmercial system at present in progress would support, his proposition for the renewal for a limited time of the income-tax. He did not think it advisable to go into the details of the measure ; in the course csf the discussion on the Bill there would be ample opportunities for considera tion. He had received various suggestions for altera tions in all the schedules, and all supported by good reasons. Having considered the subject most carefully he had come to the conclusion that the only practical mode was to continue an equal and uni form rate upon all descripticna of uscome from whetever sources derived. With regard to the mode of levying the tax under Schedule E, he was willineto enter into dis cussion upon the subject, but ho believed it would be found most convenient to adopt the same course that at present existed. He thought it would be but right to continue the exemption of Ireland from the tax as here tofore, and he proposed to continuo it. He proposed to renew the stamp duties in Ire land for the same term as the income-tax in England, viz., for a term of these years, and he hoped the House would come to a speedy decision on the sub ject, as, if it - should be refused, it would bo desirable that the Hen. Gentleman who would then occupy the place which he had the honour to ill, should have as much time'as possible to prepare; his financial scheme.— (Hear, hear.) His Hon. Friend the Member for Mon trose had asked him to propose a completely new scheme of finance; vvhy ,it was the hardest task that had been imposed oa a Chancellor of the Exchequer. By whom were taxes paid? Why, the Honourable Member opposite the other night had said that the malt-tax was paid by the farmer ; and he had even contended that the tobacco duty was paid by the farmer, his'Hon. Friend had not any right to call upon him to make any return regard ing those things which were matters of opinion merely. Lie had caused returns to be made up to January last of the duty collected. on articles which we ear, drink, and smoke; and they amounted to 31,821,7981. The duty on manufactured articles amounted to 2,452,000/., and on seeds to 742,000/.; all those duties fell on the censures r, the whole amount ing to 35,720,000/. The duties on !rade, including insu rances ',and bill and receipt stamps, were 4,464,9061. There were paid for locomotion 641,0001., for news papers and advertisements, 511,00 01, and taken alto gether they amounted to 4,200,1521.. The total duties on property were 12,451,000/. The amount of the window-tax was 1,856,000/. The local rates amounted to 30,000 ; 000/. in the three counraies. Hon. Gentle men would therefore see how large a portion of the taxes of the country was derived from the ieomsumer, and when those taxes were reduced, they wet a in general, in con sequence of increased consumption, more than re covered in a very short space of tim a. Having thus met as far as he could the request of his :Hon. Friend behind him, he would allude to some proposals which had been made elsewhere to make a great reduction of taxation, and to trust to chance for making up the deficiency. He could not accede tee the proposition. Neither in commercial nor in political philosophy could they afford to have a revolution every year.— (Hear, hear.) The policy of 1842 was firmly established, and it was their duty to steadily pursue it, and to follow it, "and that was the : course the Govern ment had determined to adopt: lie had stated that the probable surplus would be 1,89‘0,0001. occasioned by an increase of income of 139,,400/. and a de crease of expenditure of 3,900,0001. He proposed, should the income-tax be continued, to make some re duction of our debt, that was the first ,claim on us. In the course of the last year they lad paid off the amount which they bad borrowed int the year 348, and the interest on it, viz., 2,330,000. He thought they ought never to start en a deanseial year with a less surplus than 1,400,0004 which surplus he pro posed to maintain, which would leave a surplus still available for the reduction of taxation, and he had nu merous applicants during the last neonth, each calling for the total repeal of a. tax which. woeld more than absorb the whole surplus. He had determined that, on the whole, it would ho advisable to reduce those taxes which bear on the . health of the community; he, therefore, proposed a certain alteration of the windove-daties. As those duties amounted to 1,836,0001., the total abroga tion of them would absorb the whole mph's, and would be unjust to others; he proposed to give a con siderable relief in that tax, because he believed it pressed harder on country houses than on houses in town, and he professed to relieve them.—(Cheers and laugh ter.) Except as to the 'mode of assessment a great deal might be said in favour of retaining the tax, as one to which people were already accustomed (Loud laughter)—and to which eXi!ting inter ests had accommodated themselves. House property, then, had already been relieved from the house duty and the brick duty, and therefore he did not think this prCperty had a primary claim to relief. He admitted that the mode of levying the tax was ob jectionable, as being levied on every opening for the admission of light or air, and, there fore, it produced disease. The present tax was imposed on a house according to the number of windows; he proposed to abrogate altogether the present mode of levying that tax, and to substitute for it a tax levied upon the value thereof, and to apply it to all new houses. The size of a house was no test of its value, but its rental was, and he proposed to levy, instead of a window-tax, a tax upon the value of the house; but applying it to all new houses, he proposed to modify it with regard to exist ing houses. A house in a fashionable square would, under this system, pay more than one in an unfashionable part of the town. The proposal was, that all new houses under the value of 20/. a year should be exempt, but above that value they should pay a certain per-centage, that all above that should pay a certain per-centage. That all existing houses of less value than 201. a year should be exempt; that all above 201. a year should pay two-thirds of their present amount of window-tax, that existing houses of greater value than 20/. a year, paying now no window-tax, should pay two-thirds of that amount of rate, and that new houses should pay a rate of one shilling in the pound. Upon shops and farm-houses he proposed to impose a tax of Id. in the pound instead of ts. in the pound. This would exempt the great majollity of farm-houses, and the produce of the new tax he calculated would be 1,155,0001.; the loss to the revenue being 700,0001. All reference to windows being done away with, the objection on sanitary grounds was also'done away with; all existing houses would be either exempt or have their payment reduced one-third. He next proposed to deal with the duties on coffee, the revenue from which had fallen off 77,000 L This was occasioned, it was said, by itchateration of cofee with chicory. It bad been stated that he had a direct interest in the growth of chicory; he had only to say that he never grew a root of chicory in his life, and he did not believe that any had been grown upon an acre of land in his possession.—(A laugh.) He did not believe- the admix ture of chicory diminished the consumption of coffee, on the contrary, by lowering tho price it placed coffee within the reach of many who had not before consumed it ; and ho learned from grocers that chicory made coffee more palatable and more nutri tious. In America, where no duty existed, this same admixture took place. He believed that the buyer must protect himself against adulteration; be was not, therefore, disposed to incur the odium of imposing an Excise duty on chicory, but he did propose to meet the evil by reducing the duty on coffee. The duty on foreign coffee was 6d. a lb., and on colonial 4d. a lb.; and whilst the import of colonial coffee had increased, that of foreign coffee had diminished. He did not think the protec tion of this differential duty was of much value to the colo tipoieartlhlgeb.,ower; he proposed, therefore to reduce the daties on and an d t o teoqual proposeize them the a b a y me impo si n g dut3. on an th e r l im chicory. Thelon of revenue would be 176,0001. T p h . du e rut n tay e . t x iou t fu a 3 r od - f. ar ticle to which he would allude was the duty on foreign timber. Great complaints had been made by ourofsthipern!irs of their fear of being exposed to the competition who used untaxed timber. This acted hare d l o y r foreign n regarded buil builder, ships of an inferior class, and he proposed to reduce the du ty upon foreign timber t o one - half its present amount; that was to say, upon sawed timber to 10s., and upon rough timbetto 7s. There was another item upon which he proposed to re duce the duty, and that was upon agricultural seeds. This he believed was the only duty that th e agriculturist exclusively paid. Up on c l over s e e d an grass seed alone there was a duty paid of 30,0001. out of .• V • _ " . . • ` • -• ' - • -.Ditz THE SUN, LONDON, 35,000/. raised upon all seeds. The present duty was ss. upon foreign seeds, and 2s. 6d. upon colonial seeds ; he pro posed to reduce the whole to . a uniform rate of ls. per cwt., which would involve a loss to the revenue of 30,0001. Many propositions had been made to cast what were called the local burdens on land on the Consolidated Fund. Such a change would pro duce a social revolution, by the removal of all the checks of local administration ; it was to the magistrates, the guardians, and the local boards, that the peace and safety of the country were owing, and if they transferred the payment of their burdens to the Government, they must also transfer the management ; but there was one portion of these changes which he thought might be taken upon the general revenue, and that was a portion of the charge for the expenses of pauper lunatics. He proposed to leave the conduct of pauper lunatic asylums as it was at present, but to take upon the Consolidated Fund a portion of the maintenance of pauper lunatics, taking upon the :Govern ment a larger portion of the expense of county lunatic asylums than of those paupers confined in private asylums,so as to reduce the expense of the maintainance of these unfortunate persons to about the average expense of the maintenance of an ordi nary pauper; he proposed to take a charge of 150,0001. under this head for the United Kingdom. These were the proposals which he should in due time submit to the House. In the month of July there would he a reduction of duty on sugar of 330,0001., and that added to the reductions which would be proposed would be a gain to the community of 1,522,000/., but the loss:to the revenue he estimated at only 1,130,0001. The charge for the transfer of local rates was 150,0004 making a total loss to the revenue of 1,280,0004 leaving a surplus for future years at 612,0001., the actual loss for the next year being only 150,00(V., being for next year a surplus of 962,0001., of other years of 612,0001. He could not but expect that this Budget would in many quarters create disappointment, but he did not think it con sistent to relieve, as he had been urged to do, the owners of land to a greater extent than he had proposed. Last year he had relieved them by a reduction of the stamp duty on deeds, and by the removal of the duty on bricks, and this year he reduced the duty on timber which they employed in the erection of farm buildings, and reduced the duty on seeds. He did not know that there was any other point on which he need trouble the House, and the resolution he should propose was for the renewal of the income-tax and of the stamp-duties in Ireland for three years, and he was prepared, if the House wished it, to postpone the discus sion to another opportunity.—(Hear, hear.) The resolutions having been proposed from the Chair, Mr. HERRIES rose, and after complimenting the Chan cellor of the Exchequer upon the ability of his elaborate statement, claimed from the Government ample time for the country to consider the important point whether or not the income-tax should be continued. He hoped they would not be asked to come to a decision that night, and he thought the House ought to have until Friday next to consider the matter. Lord JOHN RUSSELL consented to the postponement of the further consideration of the resoletion until Friday. Mr. HumE objected to the apportionment of any part of the surplus to the reduction of the debt; it should all have been appropriated to the reduction of taxation. He ap proved of the removal of the window duties, but not of the imposition of the house tax. Lord DUNCAN considered that the proposition to impose a house tax would create great dissatisfaction. Sir JOHN TYRELL did not object to the adulteration of coffee with chicory, but he thought that adulteration with other substances should be prohibited. Mr. W. WinuAms objected to a house tax, and would prefer seeing any deficiency supplied by the extension of the probate and legacy duty to real property. Mr. Alderman SIDNEY objected to a house tax, and would oppose the renewal of the income-tax, unless a difference wire made between incomes derived from trades and profes sions and those derived from invested property. Mr. SLANET proposed to relieve the landowners by granting the facilities for raising money on mortgage. Mr. IIODGES and Mr. FREwEN advocated a repeal of the duty on hops. Mr. ALCOCK, Sir W. JOLLIFFE, Mr. FEWDEGATE, and Mr. F. FRENCH expressed their disapproval of the statement of the Chancellor of the Exchequer. Mr. BANKES approved of the repeal of the window duties, but reserved his opinion upon the other portions of the Budget. Mr. MITCHELL approved of the reduction in the timber duties. Mr. MuNTz vrould oppose the renewal of the income-tax. It was the most objectionable of all taxes. In reply to Sir B. HALL and Lord DUDLEY STUART, the CHAscEELoa of the EXCHEQUER said he did not intend to extend the house tax to Ireland. The Committee was likewise addressed by Colonel SIB THORP, Mr. W. BROWN, Mr. SANDAP,S, Mr. HOPE, Mr. HENLEY, and Captain HARES, when the House resumed. Mr. HAWES moved the second reading of the Passengers' Act Amendment Bill, the objects of which he explained. The Bill was read a second time, after some remarks from Mr. S. HERBERT and Mr. HENLEY. Mr. ANSTEY obtained leave to bring in a Bill for establish in municipal councils in counties ; Sir W. Somsavar.2 a Bill to amend the laws relating to the valuation of rateable property in Ireland; and Major BLACKALL, a Bill to extend the remedies provided by the Renewable Leaseholds Conver sion Act. The House adjourned at a Quarter to Twelve o'clock. Parturiunt mantes, nascitur ridiculus mus. Never before has so ridiculous an abortion been ushered in with such magnificent pretensions. Never have the reasonable expectations of the people been so deeply and bitterly disappointed as by the " PRECIOTJS BUDGET 's -the inestimable boon (!)—which the Chancellor of the Exchequer has just bestowed upon the oppressed and suffering taxpayers of the United Kingdom. If Sir CHARLES WOOD had to struggle against a deficiency—the ordinary condition of the Whig regime in financial matters—some al lowances might be made. Without a sur plus fund to be disposed of, he could scarcely be expected to sanction any of those great fiscal experi ments, by which considerable relief would be afforded to the industrial classes, without any cor responding diminution of revenue ; but, unfortu nately for his own fame and reputation as a states man, he has had handsome balances in 1850, and 1851, after providing for every liability and every necessary expenditure, and in the allocation of balances he has contrived to overthrow his own cha racter for competency and political integrity. The "Brick-dust Budget" of 1650 was bad enough. Much could not be alleged in its favour, and we candidly confess that we believed that it would have been utterly impossible to have produced a more im politic or more unstatesmanlike plan than last year's financial bantling of the Right Hon. Gentleman. But we must acknowledge our mistake. "Facilis de -Icensus averni." Our sagacious Minister of Finance has travelled more rapidly on the downward track than we could have ventured to anticipate. He has attained railroad speed during his decline, and his fall cannot long be averted. Nemo repeate fuit turpissimus. A man must have been some time in office, and had his mind gradually har dened by the influences of that demoralising situation, to render such an offence against public policy and public honesty possible. Sir CHARLES WOOD has contrived to disappoint the reasonable anticipations of all classes throughout the length and breadth of the land, and to heap a load of obloquy upon the Ministers whose misfortune it is to have him as a colleague, perfectly unprecedented at any former period of English history. We have had honest blunderers presiding over the financial destinies of the British nation. We have also had clever rogues (of course we allude only to the public cha racters, and do not invade the sacred precincts of private life); but it was reserved for the present Cabinet to place at the head of the most important and .most arduous department one who was at the same time an incompetent blunderer and a political rogue. We now tell Lord JOHN RUSSELL earnestly and emphatically, and we say it more in sorrow than in anger, that Sir CHARLES WOOD is the evil genius of his Government, and that if he does not forthwith shake off the incubus, if he does not find a more popular, a more competent, and a more sagacious Chancellor of the Exchequer, he must be prepared to re linquish office, and make way for others who may not be so obstinate on such a point. Far better, say we, that the Protectionists should come into power, and that the Whigs should be placed in the position where they have ever shown themselves to be most consistent and most useful—viz., in opposition, than that the nation should be longer oppressed by the inequitable and impolitic, the dishonest and unwise mismanagement of the national finances, that has signalised the administration of Sir CHARLES WOOD at the Exchequer. A combined and vigorous exer tion must therefore be made to remove him from office. Even if the entire Ministry be shaken in the attempt, it is a matter of but little con sequence in comparison to the evils that must follow from a continuance of Sir CHARLES WOOD as the English Minister of Finance. The Whig Ministers are, however, made of squeesrable materials, they have repeatedly yielded to " the pressure from without," when sufficiently forcible. The "voice of public opinion" has penetrated even into the deepest recesses of Down ing -street, and has been responded to, more especially on fiscal questions. Scarcely a session has passed since the Peel ministry were removed from office, that the Premier has not been compelled to step forward, as the Deus en nzachial, to save his Government from the gross and palpable errors of his Minister of Fi nance. Let.him do so once more, and let him, at the same time, get rid of the incorrigible blockhead who has imposed upon him the painful necessity, and has brought so much disrepute and reproach on the entire Government. We must, however, allude to the contemplated changes which will be found set forth in extenso in our Parliamentary Summary. Sir CHARLE S WOOD calculates, or asserts that he calculates, that he suall have a surplus of 1,892,0001. for the ensuing year. It is a portion, and a very discreditable portion, of hii system of tactics to make his estimates very m uc h below the actual probability. This will be found to TUES,DAY EVIENING, be the case on every occasion that he has brought forward a Budget. He might have learned a more correct mode of calculation if he desired to learn, but he does not wish to be taught. An under-calculation of the revenue and an over-estimate of the expendi ture are convenient modes of escaping from the im portunities of those who are seeking relief from their difficulties, and of devoting larger sums to his favourite object, the reduction of the national debt (! I !), than he would venture to apply if he re vealed the whole truth without fraud and with out •oncealment. Last year he thus allocated 750,0001. of his anticipated surplus of 1,500,0001., the residue being applied to the abolition of the tax on bricks and the modification of the stamp-duties. It now appears that the probable surplus on the sth of April will be no less than 2,521,0001., and that the sum applied to the reduction of the national debt during the past year has been no less than 2,330,0001. In one part of his speech he expresses a hope that he may be able to ply off a nearly equal sum in the present year while in another he allocates 1,000,0001. of his esti mated surplus to the same purpose. There is a pal pable inconsistency in this, that shows that in this one respect Sir CHARLES WOOD is determined to do more than he will dare to announce—that it is but another sop to the golden idol, before which be has already sacrificed his character as an honest and consistent statesman. The surplus for the present year is estimated at 1,892,829/., but no allow ance is made for the additional revenue that will be obtained from the visitors to the Great Exhibition. Sir CHARLES supposes that there will be a falling off in the Excise. Now, without laying claim to any extraordinary powers of vaticination, we venture to assert that there will be a considerable increase, owing to the consumption of exciseable articles by our numer ous visitors. There is in this respect, therefore, a gross suppressio yeti, utterly unbecoming a Minister and a gentleman, more especially as we believe it to have been put forward for unworthy purposes. The income-tax is to be continued in all its naked enormity. The merchants, and traders, and over toiled professional men, are still to be subjected to as heavy charges as the fundholders and land owners on their accumulated and realized property. It is in Schedule B, and not in Schedules D or E, that he would give relief if possible, and which he in timates is still open to discussion. Indeed he treats the loud and general complaints on the oppressive, un equal, and unjust Mode of assessment with a degree of supercilious insolence that may well excite the in- I dignation of the • aggrieved parties. He emphati cally declares that "good arguosents may be adduced for exceptions and allowances in every schedule, except, perhaps, that of D, but for the maintenance of that (he asserts), we are pledged to the fund holder !! ! " He forgets that he was himself once one of the most strenuous opponents of this infamous impost, and he shows how totally different his views are on the subject from the community in general. His pretended abolition of the window duties will not deceive those whose hopes have been so strongly excited during the past month. The tax will henceforth be ,levied under a different name, but, " The roso by any other name will smell as sweet," and to all intents and purposes it is but a reduction of one-third of the duty on existing houses, while a new classs of houses, heretofore exempt, will be brought under the burden. The other points in which it is proposed to give relief are on coffee, on timber, and on seeds for agricultural purposes, while the expenses of pauper lunatics are to a certain extent to be transferred to the Consolidated Fund. There will also_ be a reduction in the sugar duties, but for that there are no thanks to be given to Sir CHARLES WOOD. The slave-grown coffee will undoubtedly be benefited, and that will, no doubt, be a consolation to those who have already submitted to such considerable sacri fices to discourage the unholy traffic in human flesh. We do not often agree with the Honourable and Gallant Colonel the Member for Lincoln, but on the present occasion we cordially concur with him in stating, that " a weaker state ment never was delivered by a Chancellor of the Exchequer of any party than that which has just fallen from the Right Honourable Sir CHARLES WOOD." THE FRENCH REPUBLIC We have received the Paris journals of yesteday. The Thiers section of the Bourbonists has started a new journal, entitled Moniteur de l'Assemblie. The first number appeared yesterday, and contains the following piece of " scandal" on th e occas i on o f th e resignation of his command by General JULLIEN : " General Jullien, One of the most distinguished offi cers of the army of Paris, has just sent in his resigna tion to the Minister of War. The revocation of General Neutnayer and the resignation of General Jullien spring both from one and the ;same cause. General Neumayer was risvoked because he would not infringe the laws and prescriptions laid dowtilby military regulations. General Jullien, if we be rightly informed, has been obliged to give in his resignation because of his open professions of devotedness and respect for the National Assembly. Thus are the best and noblest chiefs of our army obliged to quit the ranks. .A.i.odd way truly to provide for the defence of order by reisovitg its bravest champions' But the army in France is , the' army of the law, and will never become Janissaries.' The Ordre, the other organ of this party, repeats the tale of the resignation of General JIILLIEN, and has, on the subject of the Conferences of Dresden, en article which goes far to prove the existence of a com plicity between the members of the Bourbon party and the Russo-Austrian league. It says— "We have already related the rumour which attri butes to the powers represented at Dresden the resolu tion to allow Austria with all her states to enter into the Germanic Diet. It does not appear that it is yet an ac complished fact, and certainly it is not as yet official. We are assured, howevsr, that Government has conceived the most strange designi in reference to this matter. It meditates no less—and we would willingly be contra dieted—than to make or this new complication of the affairs of Germany, under -the ridiculous pretext that the balance of power 'ia Europe has been effected, the occasion of a political, demonstration, first, in the shape of protocols, to be followed by an ultimatum, and in fine by a casus To this the Ordre objects as an unnecessary inter ference with the Northern Powers. Now, considering that the all but avowed object of the coalition of the Northern Powers is a Cossack invasion of France, what are we to think - of the so-called champions of order, who thus speak of it, bat that they would fain renew 1616 for their own profit. NARVAES has arrived in Paris. The Bourse was dull, and public securities de clined. The Fire per Cents. opened at 96f. 80c., and closed at 96E 50c. ; the Three per Cents. closed at 57f. 90c. ; the New Loan, 96f. 50c. ; Orleans Railroad Shares, 887 f. 50c. ; Great Northern, 476 f. 25c„ ; Vie r . zon, 418 f. 75c.; Basle, 161 f, 25c.; Bordeaux, 398 f. 75c,; Paris and Strasburg, 377 f. 50c.; Tours and Nantes, 252 f. 50c. BUSINESS DONE IN FOREIGN RAILWAYS AT THR LONDON STOCK EXCHANGE, F. 17. Boulogne and Amiens, 9% ex div.— Dutch Rhenish, P A —East Indian, I VA—Namur and Liege, 9 1 72—Northern of France, 1514—Orleans and Bordeaux, 4—Paris and Stras bourg. 104—Rouen and Havre, 10% --Sambre and Meuse, siA—Toss and Nantes, 6%. SPAIN. Madrid journals of the 12th have arrived. The Gazette publishes the decree appointing Count DE REVILLAGIGEDO political chief of Madrid. In the Chamber of Deputies on that day General OR.. TEGA demanded explanations respecting the real causes of the dissolution of the late Cabinet, and, in doing so, made some rather severe comments on some of the ex-Ministers. M. PEDAL made some observations in reply, and referred to M. BRAVO MURILLO in terms which caused that Minister to ad dress the Chamber in his defence; he afterwards went on to intimate, that if the Chamber should not give his Cabinet the support it required, he would ,m e P a RI m, probably proceed t o a dissolution. Be said h e would not cont en t hi ms elf with a position not clearly defined, a n d appealed to all the frac tions of the Chamber for he would not place himself under the exclusive patronage of any one. Count DE SAN Luis, the ex - Minister of the Interior, then p s ro L ce o e z d A e N d o to s . pk in defence of General I•TeitYsEz• and support, d a when the post closed. M. SEWA and M. Mon , intended to speak, and the deb a t e was likely to be long and animated. It was doubtful whether the result of it would be favourable to the o n td declared concluded Ministry. M. FRANCIS CABELLO, formerly a Minis ter in a Progressist Cabinet, died on the 7th. An aide-de camp of the Bey of TUNIS had arrived in Madrid on a mission to the Government. The Epoca says that the QUEEN has conferred the title of Count on M. SALAMANCA, to recompense him for his ser vices in forming the railway from Aranjuez to Madrid. MADRID BOLSA, FEB. 12.—Three per Cents., 344; Five per Cents., 14i. Exchange on London, 50 60 paper. ____ We understand that her Majesty has been graciously pleased to signify her intention of honouring the Theatre Royal, Haymarket, with h er presence this evening. Eailways. BRITISH RAILWAYS Aberdeen.. .. •• •• Do. Preference • • • • Ambergate, Nottingham, Boston, & E. Juncion Ayrshire and Galloway. • Belfast and County Down, Berks and Hants Eaten.' (Great Western Per petual b per cent.) .. Birmingham and Oxford, Junction, calls duly' paid, or with a guar... Do. without a guar... Birming., Wolyerhamp-, ten, and Dudley, calls! duly paid, or with al guarantee • • • .. Do. without a guar. •• Birming., Wolverhamp., and Stour Valley •• Birkenhead, Lancas., and Cheshire Junction •• Bristol and Exeter.. Buckinghamshire • • • • Caledonian . • • • • • Do. 101. Preference •• Do. Clydesdale June... Chester and Holyhead .. Do. Preference .. Clarence .. Do. Ist Class, 6 per cf.' Do. 24 de., 5 per cent. Do. Got. Loan, 4 pr. ct. Direct Lond. and Portsm. Dublin and Belfast Junct. Duk , lin and Kingstown.. Paid. I Nominal Prices. 80 ' 8 6 8 13 14 0 78 6 8 Dundalk and Enniskillen East Anglian (251. L. & E. and L. & D.) •• Do (181. E. & IL) •• Do. (31. 10s.) 6 per cent. Preference • • Do. (51.) 7 pr. et. Pref. Do. (71.175.) 7 p. c.Pref. Eastern Counties .. Do. Exten., 5 percent. No. 1 • .• • • Do. No. 2 .. • . • • Do. New Preference, 6 per cent. .. •• Do. North. and East. 6 per cent. • • .. Do. do. 5 per cent .. Do. do., New • • • • Eastern Union, class A, late E. U. shares •• Do. do. do. .. Do. do., B & C shares Do. do., scrip, guaran. 6 per cent. •• •• East Lancashire •• •• Do. New quarters De. 6 per cent. pref. quarter shares.. .. East Lincolnshire, gua. 6 per cent •• • • • • Edinburgh and Glasgow 6 13 4 6 13 4 25 50 25 15 1 1 0 Edin., Perth, and Dundee Do. Newport .. • . Exeter and Exmouth .. Glasgow and South-West, Do. pref. con.solidatedi Do. do. G. D. & C. 81 Gloucester &Dean Forest Great Northern • • • • Do. halves, A, deferred Do. halves, B, 6 per et. Do. 5 per cent. pref. • • Great Southern and Western, Ireland . Do. eighths .. . Great North of England Do. new 401. . Do. new 301. . Do. new 151. . . Great Western . Do. Now, 171. .. - Hull and Selby . Do. half shares .. Do. quarter shares Lancaster and Carlisle Do. thirds .. Lancaster and Preston .. Lancashire and Yorkshire Do. quarter shares .. Do. fifths .. . Do. F. 20/. .. „. Do. new, guaranteed 6 per cent. .. DO. Hudders. & Shoff. Do. West Riding Union) Leeds and Bradford .. Leeds and Thirsk Do. pref. 6 p ct., No. I Do. pref. 6 p ct No. 2 Do. pref. 6 pct., No. 3 Do. pref. qrs., 1848 .. Liverpool, Crosby, and Southport .. • London and Blac.kwall London, Brighton, and South Coast .. Do. guarteed. 5 per ct., late Croyd•n thirds• • Do. preference, 5 p ct. Do. preference, cony. 6 per cent., 1852 _ Do. new guaranteed, 6 per cent .. London and Greenwich Do. preference . . London and N.-Wester Do. do. new quarters Do. fifths Do. 101. ah., M. &IT (C: London and S.-We/tem Do. new 501. Do. new 401. .. Do. uew preference .. Londonderry & Coleraine Do. half shares Lowestoft, guar. 4 per ct. D 3. fo. 6 per cent. .. Londonderry and Ennis killen... .. • • •• Do. half shares • • .. Manchester, Buxton, and _ _ Matlock • • .. Manchester, Shen & Lincolnshire • • .. Do. quarters, No. 1 .. Do. new, 101. preference Do., 61. Preference Do. Manchester and Lincoln Union Midland 13% to 13% % !‘ dia. 5% —4% dis. % - 1 P. 2834 - 29% 27 -28 8% 934 p =dl 7 8 pad 1034 - 1134 - 87 174 - 17% 124 - 12% 5% -6 20 —2l lb% 16 •• —• •• 24 —22 dis. ag — 4 2 1 4 --• 2% 1% -2 1 31 - 1 7% 7% 'A— % P par 1 4 p 11!4-1134 63 -64 56 -58 5 -7 p 6% -7% 44-4 18% 19 • 143( 14%xd —3% 32 -32% 34 -36 6% -7% .. x _.. 34 8 6 8 17% - 18% 6U,- 6% 11% - 11% 13% - 13% 41 -43 234 100 li - IP. 243 - 245 191 —92 xd 1U dls.xd 102 104 51 —53 23 —24 73 —75 S p. 29 —3l p 59 —6O 10% dia. 7 die. 136 dia. 11 13 4 47% 100 1.30 - 128% - dis. 96% 97% xd 154 15%.. 33 - i - 2 cclls. 3 34 3 die. i % X Ms. 1 —1% p •• ••••• •• 7% .-7% 98 -99 1034 - 11 57 -60 67 -60 136 -- 139 100 42% 114 - 11% 4 2 01 Do. consolidated pref. Do. 501. shares • • • • Do. Bit ming & Derby Do. Cons•l. Bristol & Binning., 6 per cent. Do. Bristol & Glouces. Do. do. do. • • Do. Erewash Yal. pref. 24 - - 25 Do. Leic. & Swanning, 8 per cent. guar. • • Midland Gt. West. (Ire.) Middlesbro' and Redear, 6 per cent. guar. Newcastle and Carlisle Do. quarter shares Newmarket Do. extension scrip .. Newport, Abergavenny, and llereford .. .. Newry, Warrenpoint. & Rostrevor .. .• Norfolk .. Do. New 201. shares 1)0. Extension .. Do. guar. E per cent.' Do. Waveney Valley.. Northern Counties Union North British • • • • • • Do. Preference North Staffordshire • • North-Western .• • • North & Sth .-West. June. Oxford, Worcester and Wolverhampton.. • . Preston and Wyre Do. Halves (A) • • • • Reading, Guildford, and Reigate.. • - • • .. Royston and Hitchin Do. Shepreth Eaten... Scottish Central .. Scottish Midland .. Do. new .. Shrewsbury & Birming. Clan 3 A.. Do. Class 8.. Do. New Guarantee.. Shrewsbury & Hereford Shrewsbury and Chester (Nor.W. Min.) Do. .. • . Do. Oswestry • • .. Do. Now.. :. Do. 8 per cent. Pref. . Shropshire Union • • • • South Devon • • .. Do. Preference • • •• South Staffordshire •• South-Eastern •• Do. do. 4% per cent... Seaga Wales.. .. • • Vorksh. and River Dun Sheff ~ Roth., and Goole, N. Div., guar. 5 p cent. Do. do.'gouth Div. •• Swansea & Loughor, &c. raw Vale Extension • • 'lames Haven Deck and Railway .. •• • • Vale of Neath • • • • Waterford and Kilkenny Waterford and Limerick Waterford, Wex., Wick., and Dublin .. .., Wear Valley. 6 per cent. guaranteed . • .. .. do. .. do. .. Do. do. West Cornwall .. • • West London .. .. • • Do. lit Class Prof. (1001 Do. 2d Class de. (par: Whitenavea and Furness Windsor, Staines, and S. Western .. • • .. Wilts. Somerset, & Wey month • • York, Newcastle, & Ben wick .. Ditto and Newcastit Extension .. Ditto G.N.E. purchase or preference .. Do. .. Do. .. Do. Hartlepool Doc] and Railway .. York and North Micllan( Do. Preference .. Boulogne and Amiens .. Central of France (Or leans and Vierzon) Demerara . Dutch Rhenish • •• East Indian Do. do. do. Great ludian Peninsula. • Ditto ditto Louvain a la Sambre Luxembourg • • •• Ditto •• Madrid and Valenti& .. Maria Antonia • • .. Ditto, New • • .. Namur and Liege .. Northern of France .. Orleans and Bordeaux .. Paris and Orleans .. .. Paris and Rouen .. Paris and Strasbourg •• Rouen and Havre .. Sambre and Meuse Strasbourg and Bake .. Tours and Nantes .. Tournay, Jurblse, Lan den, and Hasson .. West Flanders .. - -- Australasia Britlsh North America..l Colonial Commercial of London.. London Joint Stock London and Westminster National Provincial Eng. Do. New .. .. • • • • National of Ireland .. • • Provincial of Ireland• • • • Do. New.. •• •• •• •• Union of Australia •• •• Do. New .. •• • • •• • • Union of London •• •• •• Union 0 Madrid !-1-.. 134 —134% —6% p. 6 —634 p. 3 —33 f p. 89% 90% 6 34 434 dia. 4 3 die. 2% —2% p. •• .- •• 15 -16 3% 334 dig. 33 -35 13 -14 113 -12 %- % dir. 62% —62% 15 14% db. 33 —35 129 16 0 100 47% 128 -18 G 5 - 55 •• - •• 2 12 0 24 26 14 —l3 dls. 17% 18% —5% 9% .5 —5% 6% 6%dis.xdi % -'X4 P 18% - 19 42% - 43% 8 - 9 p. 21% - 21% 7%- 8 1% -1% p. 17% -18 U, If - -8. 5 34 414 die. ] 4% 4 difi 10 1034 xdi 15 —l7 12 —l3 1 dia. 13% 144 3 s dia. IT —la 13 —l4 3 dia. —26 w oi. , 26%-97 334 234 dig. 8 T STC TEE SHARE MARKE-TS. 13% die. 12 11% 5 % % 2O ' 7 1 4 14 % 17% 1$ 6% 11% % 13% 58 59% 514% 4% 5% 131%; 98 34 89% 89 dL 61)4 19 %% 18% 19 11% 7% $ 18 17% 10% 8 5% % die. 4% % die. Lo x.d 12% 13% 3% 12% 36 % 6% 26% 43% ; 15% % 7 % X 24W % 33 3 12 d% li 14h34 lid 10 10 Business done to-day. 1263( 87% s6h 14% X x.d [x.' 90% 90 9131 96% x. d. lb% % 3i [13 . 1$ 133$ 134$ 234 13534 34X 3514 9% % is% 10% 11 ex, d •• , 71.4 7.- -- i% as. 634-5% d. 434 —6% 1534 16 24 -25 • • -- •• 8 -7% ia 1.-ii • • •••• •• 43 3 i —44 205 C— 21x —4% c u s . 16 IS -- 1% die. 17 4 434 24% 24% 1% 1 dis. [GIN. 9% —9% x.d.l 16% - 16% 4%-4%dli. 3i - % P. % - U P. 1 -13( 2% -2% 8% —B% 15 —15% 1 4% —4 dis. 34 —36 26U —26% ad 4% —4% dls.' 10%—I1 3%-3% -- •• 9% —9% ate. - 31C BANKS. 29 425( -43 9% - 10% 25 -25% 18%-17% 27% -27% 17% - 18 42 •- 43 15% - 15 34% - 35 12% la% fs% • ezA MONEY and COMMERCIAL NEWS. CITY, TWO 0 CLOCK. The sales of Cotton at Liverpool yesterday were estimated at 3,500 bales, comprising 2,500 American, 200 Pernam and Maranham, at Bd. to Bid.; 250 Egyptian, at 71d. to 94-d. ; 500 Surat, at 4id. to sid. ; and 60 Sea Islands, at Is. lid. to Is. 2d. per lb. The market was flat, at previous rates. Railway Shares ware animated, and the market closed very firmly. The Timber and Coffee interests are those only in the com mercial world who benefit by th(3 proposed changes of duty, and, accordingly, other articles will be left to the ordinary influence of supply and demand. The consumption of Sugar, however, may increase if Coffee gets into favour, and that of Tea decrease. Regarding the inter-Oceanic., Canal, the accounts by the American mail are very satiaf•actory. It would appear that four distinct surveys of diffe'.ent routes had been made by the corps of engineers in t - ae employ of the company, and that the last one, whiezb has been determined on by the company, offers every ra cility for the construction of a grand ship canal, at an expen'se far less than was anticipated when the company commr.rnced operations. According to the terms of agreement entered into with the chief engineer, Oscar W. Childs, well known by the New York community for his connexion, in his professional capacity, with some of the great internal improvements of the state, that gentleman, with a corps of able assistants, sailed from the city named in July last, and immediatc,ly on his arrival in Nicaragua en tered upon the duties en trusted to him. The result is that the survey has been co•.npleted, an excellent route decided upon, and in a short time the work of the digging will be commenced, if indeed it has not been began already. It was first supposed that the terminus of the ship canal would be at Realejo ; but a shorter, a better, and a less expensive route has been decided upon. This company are engaged in another project, which, like the other, is of great importance, especially to the United States. They are constructing a com munication between the Atlantic and the Pacific, for the transportation of passengers, via the San Juan River and Lake Nicaragua, to the Pacific. The San Juan is obstructed by rapids and rocks, which up to this time have rendered it unnavigable. It has been ascertained, however, that the rocks can be removed at a comparatively trifling expense, and that the rapids can be overcome by the steamboats capa ble of running at a speed of 12 miles an hour. A competent engineer has been recently engaged to remove the rocks by blasting, and it is expected that in a short time he will have succeeded in removing them. Steamers are ready, or nearly so, to be placed on that river and on the lake, as well as between the terminus on the Pacific and San Francisco. Within sixty days the company would be prepared to con tract for the conveyance of passengers between .New York and San Francisco, by this new route. At Amsterdam, on the 16th, Stocks were buoyant. Dutch Two-and-a-Half per Cents., 57 9-16ths. Spanish Bonds were in request. In the Frankfort market, on the 15th inst., Austrian Metallics were 75 1 4 ; and Spanish Three per Cents., 33 1-16th to There has been a very flat market again for Public Securi ties, and the transactions have been all in the direction of sales, the idea being snore general that the Bank of England may possibly advance its rate of discount on Thursday. We scarcely anticipate this at. present, but it is positive that money has become more hl demand in the Stock Exchange, and probable that the chief cause is the necessity of provid ing the means of taking up Railway Shares. The provincial bankers are stated to be acting cautiously, as it appears the Bank of England is suspicious that accommodation bills are circulating too freely in aid of railway speculations. As far as com mercial business is concerned, we do not believe it has been so far extended as to cause any immediate ex tension of the demand for cash, but now the Budget is an nounced greater activity may ensue. Exchequer -bills have further declined, and are 495. to .23. premium. East India Bonds have been 60s. to 625. premium. The New Three-and-a-Quarter per Cents. have realized 98.3,i to and the Three per Cents. 96% to 97%. Consols opened this morning at 96L, 1 .4 for Transfer, but have rallied since to 96L4 A. For Time they are 95A, %. The Budget has not produced any' sensible effect, but there is of course satisfaction expressed that the Chancellor of the Exchequer means still t' o favour the moneyed interest by buying up the debt. rile views of fundholders and the industrous classes, as observed yesterday under this head, are frequently opposed, And in this case will probably be so again. The Foreign investments partake of the flatness of Con sols. Spanish Five per Cents. have been 19% 3 / 4 , and the Three per Cents. a 3 / 4 to 38. Portuguese Four per Cents. are 33 1 / 2 . Mexi‘.:an Bonds have been 33 to V s , and Buenos Ayres, 55. Equ vior Stock is at 3%. Dutch Four per Cents. are 91%. Railway Shares have gone back a little, and business is more restrict ed, though still comparatively good. QUARTER TO THREE. Cons als .. ... ... 961 i Dit co Account, March 12 ... ... 964 i BRIIISH FUNDS THIS DAY AT ONE O'CLOCK. (From the Official List.) Rank Stock 215 215% 3 per Cent. Reduced Annuities-- 97 96% 97% x per Cent. Consols Anns New 3 1 4 per Cent. ALUM i.ong Annuities, Exp. Jan. sth, 1860 7 3 j 7 11-16 India Stock 265 Do. Bonds, 10001 6O 62 p Consols for Account 9 6 14A E tchequer Bills. l 'Ad. 2d. March. June. 1,0001.... — 49 52 p 5001. — 48 52 p Small — 50 53 p PRICE OF FOREIGN FUNDS AT ONE O'CLOCK. Buenos Ayres Bonds, 6 per Cent. ... 55 Danish Bonds 1825, 3 per Cent.... 78% Equador Bonds Mexican Bon4s, ib46,5 per Cent., Coupons Ditto Ex Jan. Coupons ... 33 Ditto Account Portuguese Bonds, 5 per Cent — Ditto 4 Der Cent. Russian Bonds, 1822, 5 per Cent — Ditto 41 ,4 per Cent. 57% Spanish Bonds, 5 per Cent Ditto Account Spanish Bonds, 3 per Cent,l840 Ditto for the Account ' 3B Dividends on the above payable in London. French Rentes, 5 per Cent. 'Exchange 2SC Dutch 2% per Cent., 12 Guild Ditto 4 Der Cent. Cerbificates ... 91% LLOYD'S SHIPPING. —(THIS DAY.) LosmoN, FEB. 18.—Wind at noon S.S.W., light airs and cloudy, with mild weather. The Queen schooner has been stranded on the east coast of Poverty Bay, and has received serious damage. The Enterprise schooner, is on shore near Wamambool, and likely to become a total wreck. Th e Frederick, Gottenburg to Majorca, was wrecked on Clare land Feb. 9, cargo expected to be saved. PORT PIIILIP.—Fears are entertainedas to the safety of the schooner Albert, Bruser • she was blown out to sea while lying at Circular Head, about a month ago, and has not since been heard of. ADEN, JAN. 26.—The report of the Heart of Oak having been wrecked here, on the 26th ult., is incorrect; she lett here on the 24th inst. PILL, FIA. 17.—Wind S.E. to S.W.—Sld. Emerald, Bar badoes. AnnaNBWPORT, Fan. 17.—Wind N.E.—Sld . Z oe, Rio Janeiro; Elise, Fan. 7. PETERHEAD.—SId. Traveller, Greenland. BERWICK.—Arrd. Johannes and Helena, Callao. SHIELDS, FEB. 17.—Wind W.S.W.—Arrd. Newland Jane, Rio Janeiro. Sld. Mountaineer, Philadelphia. LULL, FEB. 17.—Wind W.S.W,—sid. Julie, Pernambuco. Powrsmoirro, FEB. 17.—The Two Friends, Newcastle to Exeter, which was reported on shore on the 21st Jan., has been got off, and brought into the harbour to-day. QUEEBILTOWN, FEE. 16.—Wind S.S.E.—Arrd. Leipsic, Bird, Moulmein; Mary Nixon, Sweetman, Callao. The derelict vessel (reported yesterday) has been towed in here ; the foremast only is standing, black mast head, the decks, excepting the forecastle are out, and appears to have been burnt; the cargo (deal) is visible, and is supposed to have timber below ; she is burnt to between deck-beams; is thought to be Colonial built, and about 200 tons. OFF PLYMOUTH, FEB. 16.—Arrd. Wilberforce, Fielder, Mauritius for London; Thomas Carty, Adams, Rio Janerio for Antwerp ; Eveamore, Bahia for London. ndcak Express,utt SCARBOROUQH, FEB. 17.—The Ringdove, of Wisbeach, got on the rocks north of Tirley, during a fog yesterday morning, and is likely to become a wreck; crew and part o_ f stores saved. The Watson sloop, of Goole, Newcastle to London, got on the rocks four miles proceeded. DEAL, Tirley, during the fog, but was assisted off, and pro Alfred,us , Grenada; Y.W. to W.S.W. and W.—Arrd. A r D r President, d E . Al o File m ilre ih k e la7n ß 7 i e v r ;r Vn , ; Ba N hi e a P ; tun Harlequin, Port Natal; Matilda Luckee, Demerara; Irt, Jamaica; White Mouse, Azores. has not si nce been L GLOUCESTER, FEB. 17.—The City ofW orc h e e s o t n er , t osteamerthis port. grounded left below Ahr ov a F o r a l m o t e h l o d j e a . n o T a r h y e Louise,,and heard of. RAMIGAT4 FEB. 17.—Wind W. — S l d. Frau Geeske, B a hi a. FEB.SOUTHAMPTON, 17.—Wind N.W.—Sld . Thames steamer, West Indies. F ALMOUT H, Fin. 17.—Wind W.S.W.—A rrd. Barlow, Moulmein ; Cantilla , Bahia. Off port, Kezra, P un t a A renas ; Irkoogel, Valparaiso. SWANSEA......FSEldn..Ll7.—pyvti,oSdansF.faAncritsdc.o ; jE lT o n t i h c e o n ni , , C B a a ll h a i o a ; RioL rGv rialtende°,l"Boston ; Coulelio, Calcutta; George Washing ton, Bombay; Nata l, Cape of Good Hope; William Pitt, New Calabar; Pampiro, Callao; Harlequin, St. Domingo; Arctic, New York. Sid. Lintin, Calcutta; Cherokee, Bar badoes ; Columbia and James Wright, New York. SYDNEY, NEW SOUTH WALES, OCT. 12.—The Raven Bay, has been st ran d e d a t T r i a l s teamer, hence to Moreton B a y, M'Leary River. She is breaking up, and her machinery being taken out of her. The Hercine and Lucy Ann schooners were wrecked at Richmond River, in a gale, 28th September; crews drowned, except a boy belonging to the latter. BAHIA, JAN. 2. The Ann Bates sailed for London 28th December, and has again put back leaky. NEW YOEK, JAN. 31.—The John Stroud arrived here pre vious to 27th January, from Palermo, with loss of bulwarks, &c., saw a large ship, bound west with a black ball on her foretopsail, with l oss of all her mainyards. FEB. s.—The Louise Cresar has arrived at Charleston very leaky, having been on shore. The Rivanche, Charleston to Havre, put back with loss of rudder. MARKET NE WS.-(THIS DAY.) AT MET. SMITHF ULD.—M H eadow H ARK ay, 2/ 88 t S o 31 17s 6d; Clover ditto, 31 Os to 4/ Os ; and Straw, 1/ is to 11 7s per load. Supply good, and trade dull. CU MBERLAND.—Meadow Hay, 2/ 10s to 4/ Os; Clover ditto, 3/ Os to 4/ Os; and Straw, 11 2s to 11 8s per load. A moderate supply, and a dull inquiry. WIIITECHAPEL.—Meadow Hay, 2/ 8s to 3/ 17s; Clover ditto, 31 Os to 4/ 28; and Straw, I/ Is to 1/ 7s per load. Trade dull, at late rates. COLONIAL. SUGAR.—The market for British Plantation continues firm at previous rates, sales about 320 hhds. 3,900 bags Mauri tius, and 460 bags Bengal sold freely at about former prices ; the former at 39s to 41s 6d for good and fine yellow grocery, 378 to 38s 6d fir mid. and 31s to 35s 6d for low to fine brown ; Bemires realised 42 s 6d tf.• .10E, for grainy - yellow, an d 33s 6d to 356 cid for brown. PI • The quantity of British P l a ntat i on landed last week at the East and West India Docks was 742 hhds 26 tierces 116 barrels; there were taken for home consumption 939 hhds 36 tierces 343 barrels. The stock in the same pieces is 5,444 hhda 574 , ierces 696 barrels. COFFEE —The market continues firm, with buyers of good ord Native Ceylon at 475, hut there are no sellers thereat. Ot 650 bags of East India offered, only the damaged sold, the sound being withdra wn a t 43 3 to 503 for low foxy to good ord Mysore. RUM.—The market is firm but not active. The quantity landed last week at the East and West India Docks was 149 puns 22 hhds. There were taken for home e o _ ll- sumption 315 puns 31 hhds, and exported 33 puns 16 13 11034 The stock in the same places is 13,193 puns 1,164 hdds. , RwE.-6,150 bags Java sold at lls 6 d to 12s for gee" quality, being the full value. SALITETRE. - 1,339 bags Bengal were taken in above t h e value, viz., 3 3 A per cent. at 29s to 29s 6d, and 104 to 7 4 per cent refraction at 27s 6d 'o 28s. TALLOW. P.Y.C. is 37s 6d per cwt. on t he spot, and Town 393 6d. ivtasrioersdlian,atryweceokuwrseer,en fair,ow th b e ut ß n u o d t ge s t o islakrgneowas,n. The TEA.—The market is steady, and will he likely to resume ceding week. much INDIGO. The public sales have been progre ssin g the same this week. i n the pre _-- --- HOUSE OF LORDS.-(THIS DAY 4,2 The House of Lo r d s sa t, for the first time during' "- present session, for the disatch of judicial business- Lordships to-day heard writsofand several of i lle error, s eßar ons Judges were in attendance, among whom we noticed Erie, Parke and Al I i erson, and Justices Matteson, Williams, _ s Talfourd, Coleridge, Wightman, and Mania. The fl u , present were the Lord Chancellor, Lord Brougham, an d Earl of Erne. Their This BARRETT V. LONG. case came before their Lordships writ for theof error, brought by the plaintiff on error here the c purpose of reversing a judgment given in raed Court of Common Pleas in Ireland, and it.'m r-- 0 by the Court of Exchequer Chamber there. The action sc .a. an action on the case brought by Mr. Long against Itiobso'n Barrett, for a libel published in the Pilot newsPePer' t ,,, upon 8 19th of August, 1844. That libel consisted of a severe to s . tack upon Long, who is a coacbmaker, of Dublin end r' Ser pressed eb the surprise of the party writing it, that ..ord u - us t_ s ury, when Lord-Lieutenant of Ireland, should mak! , e . first visit to Lon 's the coachmaker. On the trial 0 5 case the jury found a verdict for the plaintiff (Long.' w e nt 1501 damages, and 6d. costs. Before, however. the trial n b . on. the defendant (Barrett) objected to the legality erl„,.- evidence, and challenged a juror, but the Chief Justice (MI ruled both objections. The defendant Barrett then tenderva a bill of exceptions to the ruling of the Lea Judge. In Easter term, 1845, the bill of excepr:oog, was heard and judgment was given for the plain tiff vise and the bill of exceptions overruled. A writ of error ~.i. then brought by Barrett in the Court of Exchequer Cheirritucof n Ireland] and the result was similar to that in the Coe_ o f Common Pleas, the judgment in that case in fev °l "- Long being affirmed, and from that decision the present lir pea Mr. Bramwed and Mr. No r t o n l was brought. Barrett, the plaintiff, in the writ of error in this COal; and Mr. Peacock and Mr. Hugh Hill were in support of judgment of the Court below. The arguments were not concluded when our report left ' PRIVY COUNCIL.—(THIS PAY') The Judicial Committee of the Privy Council sat to - d a i r ; The Lords present were the same as yesterday , With t . h o :Sitz ception of Sir. Baron Parke, who was obliged to etr - ,. r or. tlr! House of Lords to assist n the hearings of of o f error' , Their Lordships were occupied the greater part of the in. appeared as counsel ing with hearing a case for the extension of a pate llt. si A I r • VICE-CHANCERY.—(THIS .I, ) (Before Vice-Chancellor KNIGHT BRUCE.) till Pes t Causes of no general interest occupied his Honour hea rd one o'clock, when the further arguments in the Per t. . pro case of the Attorney-General v. Lord Carrington er" ceeded with in private. (Before Vice-Chancellor Lord CuAriwonlo.) io the Unopposed petitions, and the further argoines t f s n"r dshj? part-heard cause of Clegg v . Duncuft occupied I.li/3 ' the whole day. Ch e f COMMON PLEA`.—THIS( -r-%A chief (Sitti- gs at Nisi Pi ius, at Guildhall, b e f or e the Or" Justice JERVIS and a Sp e cial Jury.) The Court resumed this morning th e case of RAY -;pd Eaten, which commenced yesterday, an d it is exp ect occupy the Court the whole of to-day. ..., • EXCHEQUER..—(THIS DA x s . ) ,,od (Sitting at Westminster, before the LORD CIILRF 13°— a Special Jury.) moNf• THE ATTORNEY-GENERAL V. TI IE LONDON DOS Ca " tA rdsiv ln The evidence in this ca se h a been comp leted Ye B " - thig the Lord Chief Baron commenced v his summing u p morning, but had not concludedwhen The Court also sat at Guildh a ll, before Mr. 13_aroboubl of A is e v. and disposed of several uni m p or tant actions _ change. MIDDLESEX SESSIONb• (THIS DAY.) in• reo The February adjourn e d sess i ons commenced this & The calendar contain s s i x t y - e i g ht pr isoners. were fowl Owen Sullivan and Th omas Thompson, Wh o dive" re ; guilty last session of la rcen y f rom the per son, en ter * Wel' manded for inquiry to be made into their alg ae placed at the bar for judgment. d been c° l °' Mr. Sergeant Amax said that Sullivan - 3 .„ be tra -s ; victed nine times. The sentence was, that SullieiT son ed sa . ,l ported for seven years; and Thompson ' be kept to hard labour for nine calendar months ; r :brougu" th-e -it to be observed, that all pickpockets who during - fore him for frequenting public places, espee'"2" g enteO ce * al time of the Exhibition, would receive the s' - OLYMPIC THEATR E ' faleaSs' The new romanctic drama, in five acts and seven been 0° from the pen of Dion Bourcicault, Esq., which ila e ,;, pities long announced at this theatre, turns out to be 3 tr" - v S aliStil of Alexander Dumas' L'Abbaye de Castro. The Lirable version is entitled Si x t us th e Fifth, and it is to the s manner "'"„ in which th e c h a racter of this wily churchille" ec e iS sustained by Mr. W. Farren that the success of the S o di. mainly a owing. Our readers may remember that, a s d e gree n . Montalto, this man for years acted the part of ~a 9O ll s p e i c d o , senile, red h i imbecile s eleetioo oldto the m a op until eao m having v by norales: or as no s e° stag luted as Sixtus the Fifth than, throwing and his senility, he became ' at once th e and vigorous man, with faculties To fired, •:a tl3. with courage undaunted. This sudden transition from dotard to the man, with which the play e nds ' was th e cently rendered, and brought down the curtain am t enthusiastic applause of a crowded house' The plo. boot piece, in which the Cardinal is made to take Part , . 3 The u h pon . the old story of the Colonna and the OrsisindLesiieda f ° eroine, Bianca, a Colonna (Miss Louisa Howard),-- siS by Adrian father to wed with an Orsini. She hersel v urea aside I,.oabtx byAd an Peretti (Mr. Leigh Murray), and her love is 1 . 14 S o 0 , , her mother and by Cardinal Montalto, who IS . t o , er Peretti, and who consents to marry her secretly t o scion of )4father pursues Adrian, and Bianca recovers P aetlag a` e i t tor his daughter and insists that she shill' marry Orsini or enter a convent ; she, ia• on the advice of the Cardinal, deteriniheS,riso favour of the latter, and as she is taking the vovf,a4 a e clas and his companions attempt her rescue; she is cono-01. mod, a recusant nun to be immured, and is laid out in a bi`oceed chapelle ardente, but while the burial ceremonies are P r ot Le ing she is rescued by the companions of Adrian , oe d claimed by the Inquisition, by whom she is cow: 1 100 death, when the elevation of Montalto to th e ?apse; . r 4 te about the denouement, the first act of Pope Sixtus be ing g od absolve Bianca from her religious vows, and to deli ° a t 0 her marriage with Adrian. The piece is splendidicioltaglee . the stage, the situations are most effective, and th e superb; but it would be greatly improved by eondew kigh the dialogue is lengthy, and does not posses s A 'iren'Y degree of merit. The house was crowded. ;11 0 -F• I General,Ed inqueste nwcea, rdN aFwo t.r COßONEß'S hha2oenoht :C,e i acid, Goaas commit t ed Grosvenor-square, dining-room, ilmtshv ioetaewtnndenl lNQUEST dodederis - S I T 1 Lam,pi ttio m aetf fiaorso:cr. stone's) been ?n)emdgh, injuriesoau ten s t e. H received ew e e l a o o'clock, vs k , esie, ru A saeg l iosac r utrfegi . heddaeAirs. Bedford, tereduwebr, - , M 4 , KNOWLES, THE LATE COMIUSSARY- GENE ield $ ll , fsanyoleinl G sdyco,wvo o ewti naai u oieri l nipi s svrogi t , w o ionil n cifegani e irt bg'eacst:oaocu resign P o7t r . ~11., ~. . I ; s :d rtao ig ergs c oc ea : 00 : is rpr. ..,; 4" ; titscil It eappearedn o c f e prussic o ill e a li ft e e r t s o e o r k vi u n p g h n i i g n e rd 3 e - sf e ir a do r em s n c i fie n rae th e Wes t ln di e i st , '''O o tobe t , ill,a n eo F n a e u . se H d Sierram was also i h e his son i t s ad behuopis his sisters t et ai ss6tihes h dtre leaving e e ai iren's : lll:°l 2.:1;a1: land i s a t aci n it gl be l _; oftAt night , bh loet nearlenwdt Hise in w it en g t reat measure by the death of s t i ls ow . which next morning he was found dead upon 1 e ch be h d. ad A con le t t a t i e n r e w d apsruasslsoic faocuindd7akefncon nimptirAciosgeol in some . organic disease, which caused him to be ba p s to en' t mind, that if he lived much longer he should the affai a rs rr w an e g re em no en t a madhouse. The other portion of his he had settled his accounts P - Treas ury. a n . t ani nt the withou , l e tter sta re te la d te' t j ba t : T h e jurY, , tastoafllhiesmhecaurrnaisasreyd.affairs. It was d that bi 9 hesitation, returned a verdict of " Teraporarillisanib/. suffer A Make your bargain beforehand, and workman to leave the of his labour 0 yo ur " payment tion.— Eliza Cook's Journal. ......The do ST. JOHN'S CHURCH, BEDFORD -ROW. on Still „ d Thomas Nolan, M.A., incumbent of this c hurcb , , i ollll t o preached two powerful sermons in support of sli ng P t he i ,;&. day schools connected with the church, kin Wards of ' . 0 Protestant spirit of his congregation, when upvii• ivo o_o l . were collected in aid of the funds of the schools• tio " rt yi ftlun to hear that 900 children. are receiving just:" these schools. never A joss . not ri ' KING'S COLLEGE, LONDON.---Tbe foll owir tbe Isss culated students of this college obtained honours a t Fussell' Cambridge examination :—Wranglers.--Jselr:4botinies,,--. Yates, Williams, Cowie, and Hemmans. Jun lir d *WV"' Leicester and Downes. Mr. Evans, college. was for a short time an occasional student in the _we The life-boats of the Liverpool Dock C° mPi e uber ssels, ~, have, during the last ten years, assisted 269 ve , o 8 Jon wrecked or in distress, and saved no fewer than I,l ` lives. 0° 17. - A l SERIOUS ACCIDENT.—CHATHAM, FS-% oth Sol- Saturday afternoon last, as Major J. C. SenuedY,,„er of tb e Irish, was proceeding on his duty, as the field nu",,i s hors* the Secon day, visiting the several outposts of this garrison, rapid' pace being a very spirited animal, started off a streetY ~tool. down the Barrack-hill, towards the High 0 .03 f C an Al The Major having lost all control over the ant tit l3 turning the corner of a lane leading into the stre 00'4' with such violence that the gallant officer Wa s _ oi red When picked up he was insensible, and was rew oreto ber the Sun Hotel; from thence he was taken upon ii rons etate j to the garrison hospital, where he lies in a$ anges,_ injured The cap-bone of his knee is split, and he is riou I .Y ' internally. DIED , On the 16th inst., at his residence, in Durnfor°,,";srs Stonehouse, Devon, Adoniah Schuyler Esq., 111 , 9 1, 1 0 th. Commander of one of her Majesty's packets out of r, B j o n Few have left a higher character behind for genu ine wid O o n w t o h f e J l a 3 m th es in G st o . volence and honest worth. ' rdo at n tonal Court of Scotland, aged 58. es ~ • On the 14th inst., in Chesham-place Captain Georm„,bn , Ba E lc sg ar ., ry c . hKiierfk jcuuddbgreigohrthhiereeLZ. St. John Mildmay, third son of Sir darry Paulet St. 0 v Mildmay, Bart. B l' On the 14th inst., at Queenhithe, H. Fellows, Evil gad road, On the 14th inst., in Frederick-street, Gray's 11 Mr. J. Dunning, late of Wadesmill, Herts, aged 7 9 . _,----- London : Printed and Published by MURDO YOU S f i g, No. 112,. Strand, Printer, at 77te Sun Oflicey ~,,°' t ; of Strand, in the Precinct of the Savoy, in the QQ' NiddleSeNi Tilegdab February 18 1831. P - ' I- FEBRUARY 18, 1851. 15 11 6 3 100 12 15 4 13 5 3 9 12 3 paid up paid up 1 1 4 ..... tittlitt t n oal t , h17:4 4%.*Nltti 4 p il tit% 100% th bit e tiot 4t144 Ott ui l Ni] 1 / 4 1 4 D IN tto hr 14 104 tho t t 31 0.1 t ita 4 J I? lo