The Sun. — London, England, 1857-03-21 00:00:00

a m"saftfte..... eerruni' rd h - fi t i o ° T. ll ;. p Public virtue is the vital tpirlt of republics, rov,s that when this has decayed, and the : f v f _ e °I znoney has usurped its place, although the forms et..4-ve government may remain for a season, the sub 'ne has departed for ever. ip ;:iOstuerrypresent r anancial condition is without a parallel I rena too largeNn. aation h . as ever efore been embarrassed its . treasury. This almost ne eesearil • " ur p lus is •lt* o It ro- Y glv , .as birth to extravaant legis a io . p tpeliliw,ild schemes of expenditure, and bege . ts a race of 1164 afe ta and jobbers whose ingenuity is exerted in te arid promoting expedients to obtain the public t o ii: At ' e t T l i ty T or he party, through its official agents, whether wrongfully, is suspected, and the character thtisheGoverniment suffers in the estimation of the people. teii„, i ! in i , self a very great evil. The Rational mode of pi e ;yrern this embarrassment is to appropriate the sur elea-,i3 the treasury to great national objects for which a th e ; w.rarrant can be found in the constitution. Among dehi s , 4 might mention the extinguishment of the public Itat pre afloat veasonable increase of the navy, which is at u equate to the protection of our vast tonnage Well now greater than tat of any other nation—as , as the defen ce o f our extended seacoast. rile: it it', beyond all question, the true principle that no fee th e 6 eeVellllo ought to be collected from the people tba se)esilluunt necessary to defray the expenses of a wise °lej eal, and efficient administration of the govern set To a tilod• reach this point it was necessary to resort to Pre t i of the tariff, and this has been accom 1141,eak' elle.) a m anner as t o do as little injury as may Peei p ue ell Practicable to our domestic manufactures, e - 4 k e 4Y Mamie necessary for the defence of the country. Pse Y p e cl e iseri teination against a particular branch for the °ti nt 6 benefitting f a v o u re d corporations, individuals, te e , °Nets would have been unjust to the rest of the bd eatlititarif f y ty , and i ncons i s t en t w ith that spirit of fairness which ought to govern in the adjustment of Irersu e to rt T 3 ut the squandering of the public money sinks into Thep Par a tive insignificance as a temptation to corruption ese 'Pared with the squandering of the public lands. 411 h -41t4 ° 11 in the tide of ti m e has been blessed with so 140 Pu dic noble an inheritance as we enjoy in v rhiPe llie lands. In administering this important trust, i kp _ 'nay be wise t> grant portions of them for the let t T t ensent of the remainder, yet we should never for -144 h isat it is our cardinal policy to reserve these lands as Ati fti em 48 may be for actual settlers, and this at moderate As t i' • We shall thus not only best promote the pros- Pe t / of the new States by furn i s hi ng a h ar dy an d inde - e ec 'elat race o f h onest and i n d ustr i ous c iti zens , but sh a ll slr e .te homes for our children and our children's chi!. may'4o well as f or those exiles f rom f ore i gn s h ores w h o i!seit in this cou n t r y t o i m p r ove their condition and ie lre -3 °Y the blessings of civil and religious liberty. Such Pre e z erants have done much to promote the growth and bett l il i et itY of th e coun t ry . Th e y have proved faithful are Peace and in war. After beconlieg citizens they Pia - " t tied, under the constitution and laws, . t. t, 1 111 4 , " perfect equality with native-born ci '- this character they . .should . ever be i r l o il k dlY t : rn e ( c l ogr i i n ised. The Federal Constitution is a grant the States to Congress of certsin specific powers, t all l a question whether this grant shall be libe tiej tr strictly construed has, more or less, divided polls is parties from the beginning. t"ithout entering into the argument, I desire to te e at the commencement of my administration that a ei's er Perience and observation have convinced me that Vie ' ° t construction of the powers of the Government is tie onl 7 true as well as the only safe theory of 13%,,,:natitution. Whenever in our past history doubtful fltil4 B hare been exercised by Congress they have never ka t ,. t o Produc e i n j ur i ous an d un h a ppy consequences. te iltop' e c B uell instances might be adduced if this were h Ittei3Ooctision. Neither is it necessary for the public ill tic° to strain the languags of the constitution, because l a g r eat useful powers required for a success w--4hoistration of the Government, both in peace and tile; t he a r , have been granted either in express terms or by t • lt iell't implication. While deeply convinced a o r f . ra l o cit ruth s , yet consider it clear that, ander th I t a lle g ta "te, Congress may appropriate mone e y . w tc ; ); 440 1 me Construction of a military road when this . t itor v 4 " ) , l 3' necessary for the defence of any State or tee e asiit°' the TJnion against foreign invasion. Under aed Int otion Congress has power to declare war, to raise and ; t ° eimil:Port armies, to provide and maintain a navy, : fl aa." •t h the militia to repel invasion. Thus endowed reeporTA4l,Ple manner with the war-making power, thecor- Prot X i ng duty is required that the United States shall is it s ack of them (the States) against invasion. How vaeieelble to afford this protection toCalifornia and our d -,_Poasessions except by means of a military r?a , tse e ga•the territory of the United States, over whico t t atu t tl t , d Munitions of war may be speedily transported eees:e Atlantic States to meet and repel the invaders 411 ' De, o f a War with a naval power much stronger than atl ae et we should have then no other available access nt _ !lose s i ) _ /lei fic coast, because such a power would inststly . arl route across the isthmus of Central America. las :14Poseible to conceive that while the constitution I 44 415 ' 668 1y required Congress to defend all the States,e. o uld y e t d eny to th em , by any fair nn of these ngtrn ltet ei t he only p oss ibl e me ans by which one 'te e - h eals be defended. Besides, the Governrnent,e o v n. ever ttec t r B origin , has been in the constant practice of o lde r military roads. It might also be wise to con.- Itte e vt nether the love for the_ n !Dien which now am tipc our f e llow-citizens on the Pacific coast may not be a l red by our neglect or refusal to provide for them, ) , Zeit• remote and isolated condition. the only means Lmleh the power of the States on this side of the Mountains can reach them in sufficient time to '0 (1 47 4 them against invasion. I forbear for the present top„ e lPressirig an opinion as to the wisest and most i - MiCal mode in which the Government can lend its Ni e l ! accomplishinif this gr i lt o a t ncl e n w e a c y 7s w ar k uo n r ow :e r that many d . _ E_nualtie degreeh 1, 5 „ 10 f ormidable , i great vanish as soon as hillearest and the best route shall have been satisfac -1? ascertained. te:! 'Flay be right that on this occasion I should make of brief remarks as to our t rig u h s t . s and duties as a mem -11 ti !he great family of na to In our intercourse , ) ,:ero there are some plainprinciples approved by krt . "".„4xperience, from which ave should never de jeme27a ought to cultivate peace, commerce,and Ib ui p with all nations, and this r i ot merely as the ' la 'g il t s of promoting our own material interest, but of Christian benevolence towards our fellow lintqlerever their lot may be cast . Our diplomacy at e 'direct and frank — neither u seeking to obtain o lerierraceepting less than is our d uNeY of ought u t: - " sacred regard for the independen t 'Le' a " never attempt to interfere in the domestic . lived ne , this shall be imperatively re b any, uniess it tte I .Y - the great law of self-preservation. To avoid 3'e,L ln k alliances has been made a maxim of our po et,,,"t °ince the days of Washington, and its wisdom i tiet rill attempt t o di s p u t e . In short, we ought to %ti c , f e e in a kindly sp i r it to all nations, and require ih, rh t orn th em i n return. I t i s our g l or y that, while °l4-I,4ti°°B have ext en d e d their dominions by the sword 4 ese, ' l ever acquired any territory except by fair pur ieet.nr, as in the case of Tcx is, by the voluntary de.teru sad t i " of a brave, kindred, and independent people t 8 • 4eir destinies with our own. , Even our acquisition% 4 414 ) . e1t i0n form no exception • unwilling' to take a . d „,• " of thelortune of war against a sister Republic, -`robased these possessions, under a treaty o . f peace . , kleestu'll•Which was considered at the time a fair eque , • 4, 04 i:tnir e r t r i aet history forbids that we shall in the future hstic -errit°l 3 7 , unless this be sanctioned by I e ll wiliS honour. Acting on this principle .f the 'ag ree chi's a right to interfere or complain! 'No t : tevents, we shall still further extend co ' urp u o n s: th e • tiitherto in all our acquisitions the people hi ref Protection of the American flag have enjoye civil ‘se e li g l. °os liberty as well as equal and just laws,. and .ee D ) th e _Contented, prosperous, .and . happy. Their trade ver y e rest of the world has rapidly increased, and . thus 'eeful' 3ra tuercial nation has shared largely in their suc ter, . Progress. I shall now proceed to take the oath cr i b_ le hi e ed by the constitution, while humbly involt , Tg Th a s '' i ng of divine Providence on this great people.. 0. inauguration ball at Washington, the closing I ke -,, ° I the ceremonies, passed off satisfactorily. Ud sew President and Vice-President were present, mere received with the greatest enthusiasm. Mresident Pierce was too unwell to be present. r - -Puchanan's Cabinet nominations were sent I 0 - 1 f rmed by the Senate on the 6 th inst., 4 ° 8 S ecretary of State—Lewis Cass. '.'eeceretaryy o f f the Treasury—Rowell Howell Cobb. Y Buchanan Floyd. kejreett:ry of the Navy—lsaac Toucey. Attorney -General—Jeremiah of the Tnterior—Jacob Thompson. '‘ h ttoriley-General—Jeremiah S. Black. r-General—Aaron Venable Brown. Inas e Yo rk Lvening Post, of the 6th, pub-. particulars relative following4-"tke:tNheew important ~"1 - ,9 amended tariff just . a sh d e o et pted : we publish the tta et 14 another part of this Ile a mending our tariff of duties enacted by Congress at Pas sessio n which has j ust closed. This act, which l by the Commit tee of Conference k or a agreed r !? l aspror u nis o e n between the different plans discussed ly 'Quoin the indirect taxes, passed on Monday night In tbe ?,,444!arge majority in both Souses of Congress. A gi ;e the vote stood 33 to 8 ; in the house, 124 to 79. I tete.1 418 " 11 the whole, more satisfaction than was ex -4101;4 to the interests represented at. Washington. lad t e ,. who complain most loudly are the wool-growers The former klkhjia Manufacturers of fine broad-cloths. ie e v44ll of the provision which makes cheap woolquty hie n ',..lhe latter that the duty on fine wools i s not . low The cotton manufacturers are pleased with the 4iri,7 0 11 free of dye stuffs, acids, and manufacturing for she ;B„geberally, which more than compensates them Nbrizight reduction of the duties on imported cotton s ort ' A- distinction was made in the bill between fine utt: - goods and the cheaper unbleached kinds. The 41111 W e re Place d at per 19 cent., for the same reason, f "s, that cheap wool was placed in the free list— Aill 4 .1. ° suit the convenience of Southern planters, who tice7 . 4B get their negro blankets and shirts at lower tho,ale bill is not what it ought to be in all respects, llite o l t7 , Perhaps, the best that could be got. Instead of wi• th„ . l.l , l °g the tariff by adopting two or three schedules, r e - ; 'ref) list, Congrees has complicated the business art' vet nine ' schedules , while the number of . free Mee ;., t he "by no means enough to effect that of 'lot) "lie which was the main object of their legis 4 1ii e i," the subject. Iron and sugar are the interests C e „ a re most unfavourably affected by the measure, Cott nu k e the producers and manufacturers of wool and ped u m they gain no compensating :advantage for the igeitiort on their staples. from 0 t ills and sugar are, by the new tariff, reduced a Per cent. to 24 per cent. Wool costing over 20 cents. 121 ""ld at the port of exportation is also reduced from a 0 De . ro-- ta xed 24 per cent., while wool costing less, and e—vofore 30 per cent., is placed on the free list. Fine cottons are reduced from 25 per cent, to 24 per cent., and cottons unbleached from 25 to 19 per cent. "The different schedules are thus arranged : " Schedule A, of the tariff of 1846, includes brandy. cordials, and all spirituous liquors, which were taxed 100 per cent. of their value ; and schedule B includes wines, cigars, manufactured tobacco, sweetmeat', meat., game, alabaster and spar ornaments, spices, &c., which are charged with a duty of 40 per cent. The duty on the articles included in both schedules is now to be 30 per cent. " Schedule C, under the tariff of 1846, included a large list of commodities, among which were iron, glass, woollens, sugar, ale, and beer, charged with a duty of 30 per cent. These are now subject to a duty of 24 per cent. From this list are excepted by the act of 1857 ginger, green, ripe, dried, preserved, or pickled ; ochres and ochery earths ; medicated roots, leaves • gums and resins in a crude state, not otherwise provided for; wares, chemical, earthern, or pottery, of a capacity not exceed ing 10 gallons, which are transferred to schedule E, and the duty reduced to 15 per cent. All bleached, printed, or dyed cottons, also, hereafter belong to this schedule and pay 24 per cent. on their value. " Schedule D, including flannels, floorcloths, carrots, baizes, hemp, manufactured silk, cables, cordage, &c., undergoes a reduction from 25 per cent. to 19. J apanned leather aud skins of all kinds are transferred to this schedule. " Schedule E, which under the tariff of 1846 paid a duty of 20 per cent., and comprised an extensive list of commodities, among which were blankets, furs on the skin, all oils used in painting, various pigments, metals, timber, and wood of various kinds, barley, beef, &c., is now to p,y a duty of 15 per cent. " Schedule F, which includes a few articles paying hitherto a duty of 15 per cent., such as arsenic, gold and siver leaf, steel in bars, cast or sheer, &c., will pay a duty of 12 per cent. Borate of lime and cedilla, or tow of hemp and flax, are added to this schedule. "Schedule G, including books, magazines, pamphlets, periodicals and illustrated newspapers, engravings or plates, genie and precious stones, watches, &c., is reduced from 10 to 8 per cent. To this schedule are referred antimony, barks, crude camphor, cantbarides, carbonate of soda, emery ; fruits, green, ripe, and dried ; gum ara bia and other like gums ; machinery imported for mak ing flax and linen goods, tin in plates or sheets, sponges, and various ornamental woods. " Schedule H, which under the tariff of 1846 was charged with 5 per cent., is to pay 4. This includes raw hides, brass, and tin in page or bars, tortoiseshells, zinc and spelter manufactured, &c. To this schedule a con• siderable number of articles is transferred. "Schedule I, or the free list, is enlarged by the addi tion of a large number of commodities." A most important incident in the news by this arrival is the decision of the Supreme Court of the United States in the care of Dred Scott, a negro, who claimed his freedom on the ground that he had resided two years by the act of his owner in a State where slavery was prohibited by its constitution, and afterwards in a territory from which it was prohibited by the Missouri compromise. The Su preme Court denies the validity of his claim, aud decides the following points : " 1. That Scott, being a negro, is not a citizen, inas much as men of the African race, whether slave or free, are not citizens of the United States. He cannot, there fore, sue in the courts of the United States. 2. "The ordinance of 1787 had no independent con stitutional force or legal effect subsequently to the adop tion of the Constitution, and could not operate of itself to confer freedom or citizenship within the north-west territory upon negroes not citizens by the Constitution. " 3. The Act of 1820, commonly called the Missouri Compromise, in so far as it undertook to exclude negro slavery from, and give freedom and citizenship to negroes in, the northern part of the Louisiana cession, was a legislative Act exceeding the powers of Congress, and void of no legal effect to that end." Several incidental points were also determined in deciding these main points. The delivery of the opinion occupied about three hours. The Assembly passed the bill providing for the removal of the quarantine on . the sth inst. .Nothing of importance was done in the Senate. The steamship Illinois left New York on the sth for Aspinwall, carrying out about 500 passengers, including a detachment of 250 United States' soldiers bound for Oregon and Washington territories. By way of New Orleans we have received details of the news from the city of Mexico to the 10th, and Vera Cruz to the 12th ult. The new constitu tion was sworn to on the sth ult., by President Comonfort and many other public functiorarie4 and generals. The Constituent Assembly had addressed the people, asserting the inefficiency of the plan of Ayutla, and the new constitution was generally ap proved. The new treaty with the United States would, it was hoped, result in great commercial ad vantages to both republics, and form a bond of closer union between the Governments. We learn from Omaha . City, under date of the 12th ult., that the closing scenes of the Legislature of Nebraska Territory were very exciting. The popular voice had charged several members with corruption with respect to their votes on the pas sage of some bank charters. In consequence the Governor vetoed six charters so obtained. A crowd of rioters pursued the members accused to the office of the Territorial Secretary, and disregarding all form of an investigating committee attempted to inflict personal chastisement on one legislator. He threatened to shoot with a revolver in reply, when the Secretary turned the whole batch into the street.. Here the suspected members ran off and concealed themselves. The legislative session would close on the 13th February. The Governor was completely bewildered by these occurrences. The business at the New York Stock Exchange on the 6th iust. was again quite large, the orders from outside parties being evidently on the in crease. The brokers themselves were becoming more equally divided in opinion as to the immediate prospects of the market, aud, although at and after the close of the regular dealings at each session the Bears make strong efforts to weaken the general tone, the registered sales were rather above than below the advance established on the previous day. The business was even betterdistributed throughout the official list, and adds up 28,000 shares and about $50,000 in bonds, the latter mostly in retail parcels. New York and Erie and Reading were to per cent., offeeedinthe "street" afterthe adjournment of the afternoon Board. New York Central, 91 ; Hudson River up 2 percent. since Wednesday; sales 'at 301 cash ; Milwaukee and Mississippi up 1 per cent., and no stock offered at the close at the ad vanced bid of 721 ; Illinois Central largely done at 140 to 139 to 1381 per cent. ; La Crosse and Mil waukee rose percent . ; Michigan Southern Sink ing Fund Bonds in request at 80 per cent. In money the inclination was to ease in the dis count market, and good paper since the 4th of March payments, which were heavy and well met, was in request at 9 per cent. for prime and 10 per cent. for fair lists. On demand loan there was some additional activity, owing to the heavy business doing on the Stock-Exchange and the dulness in foreign bills, of which the regular banking houses have now a good supply. An old and leading firm reduced their rate on London to 1081, and the quo tation for first-class bills is now 108 to 108 k. The European news to hand by the Atlaetic and Persia had a depressing influence on the cotton market yesterday, and sales of about 4,003 bales were made, chiefly in transittc, at prices which indicated a de cline of about Ic. per lb. below the extreme high rates current in the fore part of the week. The Persia having been telegraphed early in the forenoon checked sales of flour i w mohichderate clos esaled d s. ull at Wheat the previous day's prices, with was in fair demand, with sales of Southern white at $1 73c., Mis4ouri red at $1 52c. to $1 54c., and common western ditto $1 461 c. Corn was firm, and western mixed sold at 731 c. to 74c., and old and new Southern yellow at 76c. Pork was firm, with sales of new mess at $23 70c. to $23 75c. ; at the close $24 was asked. Lard was in active demand for future delivery, and sales made freely at 141 c., and a sale was also repotted to arrive at 15c. Sugars were steady, with sales of 500 to 600 hhds. and 1,000 boxes. Coffee sold to the extent of about 1,500 to 2,000 bags of all kinds, at steady prices. Freights continued to rule low. To Liverpool 40,000 bushels of corn, in bulk and bags, were en gaged at 41c. to 4ic. and some wheat in bags at 4ic. Flour at ls. 6d: to Is. 7d., and lard at 15s. To other ports rates were quiet, and quotations unchanged. NEW ORLEANS, MARCH 6. Cotton.—Sales to-day, 7,000 bales. Prices stiffer, but not quotably higher; middling, 12i to 131.. Receipts to-day, 5,250 bales. Sugar selling at 10c., molasses 60c. Mess pork (Eastern), $22 50. ; lard in kegs, 15c. Cotton freights to Liverpool, 15-32 d. Sterling exchange, 71 per cent. prem. CINCINNATI, MARCH 5. Provisions active, and prices generally advancing. Bacon sides now held at 111 c., and bulk 9ic. to 10z. More buyers than sellers at the former rate. Mess pork hellot $2l. IN THE MATTER OF CHARLES COGHLAN.—At the In solvent Debtors Court, yesterday, before Mr. Commis s ioner Murphy , Mr. Sargood moved that the rule nisi granted in this case, which was made returnable on the 31st instant, might be beard before that day, ondtr special circlmstances. The rule was obtained a f ew days ago, on the part of Mr. George Samuel Ford, an attorney, on Messrs. Ilerrieg and Co., the bankers, to hold and retain the money in their bands, and also on I.llr. Joseph Dawson, a trainer, to bold and retain the racehorse, " Gemma di Vergy," until further notice, with the view to make the property available for the creditors. The object of his applicltion was in reference to the horse, which was as he might say, " tied" up by the rule, and he had an affidavit that the animal was e_n o g in a ge . d t 0 run on Wednesday and Thursday next.—Mr. Commissioner Murphy was ready to bear the case to. (this day )—M S nod was obliged to the r.Sargood earned Commissioner. serva the , but it would be necessary to would hear presentthis Tuesday.--The rule on Mr. Ford. Perhaps the court matter at the sitting of the court on b e i ng heard on learned Commissioner acceded to the case Tuesday, and it was accordingly ordered. THE S - U N, VON DON, SATURDAY EVENING, MARCH 21 1857, SHARE MARKETS—(This Day.) RAILWAYS. ! ta'd RAILWAYS. Closing Prices this Ia?. Business done this day. Business this day. MONEY MARKET AND COMMERCEA TA INTELLIGENCE. CITY, Two o'CLocir. The Liverpool Cotton Market yesterday closed quietly, bub a moderate business was transacted, at the extreme rates of last week. The sales amounted to 6,000 bales, 1,000 of which were taken on speculation and for export. The Rail way Share Market exhibited a quiet appearance, and prices were at a slight decline. The Bank of England weekly Return, which is completed for the week ending the 14th instant, is decidedly of a more favourable character than most people were prepared for, and it leads to the in ference that the next statement will be even more satisfactory. Notwithstanding numerous with drawals of gold, including nearly 100,0001., on Sa turday last, the bullion has experienced very little diminution, showing that the influx of the precious metals into the Bank must have been exceedingly large. There is an impor tant increase in the public deposits, which has added to the resources of the Bank, and a decline in the private deposits of 156,6471. has taken place. Although the inquiry for loans and discounts has been very active, there is a very small addition to the other securities, and the augmentation in the reserve of notes is considerable. The principal items and the changes they present, when compared with the previous balance-sheet, are as follows : Active Circulation Decrease Bullion 10,297,665 Decrease 3,800,464 Increase Public Deposits Increase Other Deposits Decrease Seven-Day and other Bills 700,367 Decrease Government Securities Increase Other Securities Increase Notes unemployed Decrease The official return of the exports of the precious metals from the port of London for the week end ing Thursday last is as follows Gold Coin ... Rotterdam ... 280 Ozs. and 450/ ... Bordeaux ... 82i „ „ ... Boulogne „ „ ... Hamburg ... „ „ ... Belgium ... 2,040 Ozs. „ Bars ... Boulogne ... 230 Ozs. silver Coin ... Rotterdam ... 600 Ozs. „ „ ... Belgium ... 2,600 Ozs. „ „ ... Boulogne ... 1,000 Ozs. „ ... Hamburg 1 Box, The continental exchanges yesterday afternoon were generally rather firmer, a slight advance being apparent in Paris, Hamburg, and Frankfort. As usual, immediately after the departure of the mail to China and the East Indies, the market for silver is rather flat, farther purchases for the moment being suspended. There has been a good inquiry for discounts to , day, at almost former rates. Rest . fl ~ ... 15,000 Ozs. 5501, Increased firmness is apparent in the English Stock Market to-day, a limited business having been done at a rise of about per cent. This movement is attributable to the Bank Return above analysed, and the general impression that money will soon become easier. There are other minor circumstances which have also tended to augment the strength of the market, but specu lation for an advance is contracted. Consols have been 931 e and 93l for money, and 931 for account. There are now respectively 931 8 and 93/ f. Exchequer Bills are 2s. discount to 4s. premium, and the Bonds 981 Foreign Securities have been dull, but firmer. Turkish 6 per Cents. are marked 988 0, and the present value is 981 1, while transactions in the 4 per Cents. is recorded at Mi. Sardinian Bo n d s are 90a Russian 44 per Cents. 974, Portuguese 3 per Cents. 441, and Mexican 231. The following are the nominal prices of Foreign Stocks :—Grenada Deferred Bonds, 6i 7 ; Mexi tan, 2314 ; Peruvian, 77 79 ; ditto Three per Cents., 55 57 ; Portuguese 3 per Cents., 44i 54 ; Russian 5 per Cents., 107 9 ; do. 4i per Cents., 97 99 ; Spanish 3 per Cents., 414 ; ditto Deferred, 24 51 ; Ditto Certificates, 64 1 ; Ditto Passive, 54 6. The transactions in the Railway Share Market to day, as is generally the case on Saturday, has been of a very limited character. The chief lines dealt in, however, show a slight improvement on former values. North-Eastern (Berwick), North British, Lancashire and Yorkshire, Edinburgb, Petth, and Dundee, and Elstern Counties have each ad vanced about Ss., Great Westetn, South-Western, and North-Eastern (York), 103., Midland, 1/., and Great Northern B stock, 1/. ss. Caledonian were a shade lower. No business of any importance was done in the Foreign and Colonial lines. Northern of France improved about Ss. and East Indian 10s. The Canadian were steady. In Mining Shares there is little alteration to re port ; Sortridge Consols, Vale of Towy, and United Mexican ruled at previous quotations. For Joint-Str)ck Bank and Miscellaneous Shares there was vet/ little inquiry. City Bank declined 10s., and Union of Australia 1/. Peninsular and Oriental Steatn New Shares were also about Ss. lower. fikitTlSH :FUNDS THIS DAY AT ONE ')'CLOGS. ( From the Official List:) nfk Arms 3 per Cent Consols Annuities 93g Uonsols for Account__ ........... 931 E rollover Bills, 24d. 4000 .000 2 p par 4 p gmall 2 d 4 p Ditto Bonds, 1858, 34 per Cent 983 I Ditto, 1559 P RIMS OF FOREIGN FUNDS AT ONE O'CLOCK Mexican 3 per Cent Ditto Account Portuguese Bonds, 5 per Cent., Con. 1841 Ditto 1856, 3 per Cent. ilussian ,donds, 1522, £ St., 5 per Cont — Ditto, 4i per Cent. Sardinian Bouts, 5 per Cent. Turfs bonds, 6 par cent Ditto Account Ditto Guaranteed, 4 per Cent. Ditto Account lOll • en is 1 ,, the cuove 8 vdhle In i,on Dutch Exchange, 21 per Cen:., 12 Guilders 65 Ditto 4 per Cent. Certificates TWO O'CLOCK. Consols, money 933 Ditto for account $0 all it. 100 .0 all it. 100 O all 5 all ;5 15 15 22 !O all !O all 0 all 0 all LO all !O 1 all V 1 all .0 all l 0 14 5 all 6 I all ') all 0 all 161' 1 _ 16C I', 3t. , 100 16 6 3 1 20 all ni l all St. 100 St. 100 20 j all 10 all 121 2 St. ,100 . ) .5 all ,100 !O I 1 .o 1 it. 1100 it. 100 i 0 all 5 all 0 all 0 I all •0 3i ft,. 100 ;t.llOO 'it. 1100 3t. 100 '. 100 ;5 23 5 16 •0 all it 100 3t. tOO .0 3/.1 all .0 all ;t.llOO 0 10 it. 100 >t. 100 V. 100 5 all 5 all lo all 1.0 all LAW INTELLIGENCE. (This Day.) COURT OF BANKRUPTCY. Mr. Commissioner Efolroyd was the Commissioner of the day, but there was nothing of importance. SECONDARIES' COURT. (Before Mr. Secondary Potter.) HOIJGH V. STAPLES. A VEXATIOUS DEFENCE.—The plaintiff in this action is a builder, &0., in Fleet-lane. Defendant is a licensci victualler, keeping the King's Head, at Uxbridge. Mr. Hance appeared for the plaintiff, and stated the case, that defendant formerly kept the King's Arms, Gravel-lane, Southwark, and employed plaintiff to fit up a shop in the New Cut, Lambeth. The work was done satisfactorily, and defendant wrote to bim to say that his greatest pleasure would be to see him to dinner, " that his greatest pain would be to send him away without his money." Plaintiff went to Uxbridge, but instead of money got promises, and it was now pleaded that defendant was not indebted. Plaintiff proved the work done, and the letter of in vitation. He never trusted any person for the work but the defendant. He had " refreehment," but not a far thing off the bill. Defendant's solicitor said that in the faca of the letter he could not offer any defence. He was not aware such a letter bad been written. The learned Secondary said that the evidence of the plaintiff was so =elusive that he had had a strong sus picion on the point before the gentleman who appeared for the defendant gave up the ease, but he would never stop a case from going to the jury if required. As it was, be considered it a very vexatious defence, entailing unnecessary expense on the plaintiff. A. verdict was given for the amount claimed. It is understood that the tidal trains between Lon don and Phris, by way of Folkestone and Boulogne, will be recommenced, at the latest, on the 15th of next month, and poolibly on the Ist. 2i 9i Ambg. Nottng. Bost. & Eastn. June ..... .. 0 all Belfast & Ballymena 3i all Birmng. Wolverh dz Stour Valley t, 100 Bi r k en hd . Lancsh . & Cheshire Junct ..... . 5 all Blackburn 5 all Blyth & Tyne original £25 (iss. at £45) • 100 B r i s t o l & Exeter... 100 Caledonian. ...... . 100 Chester & Holyhead 1 all Cork and Bandon 1 all Cork, Black. & Pass all Cornwall all D.. A 8 Do. B . ........ 45 DublindtßelfastJunc all Dun. P. dtAber.June 100 East Anglian all Eastern Counties 100 EasternUnion,A.stk 100 Do., do. 8............. 8i Do. New A............ 17i East Kent ...... ... 100 East Lancashire .:.... all East Suffolk ........ 4 Do. 100 Edinburgh & Glasgow all Edinb. and Peebles 100 Edinb.Prth.dtDundee all Forth and ClydeJunc. 100 Furness .. 100 Glasgow &S. Western all Great N. of Scotland 100 Great Northern 100 Do., A. Stock 100 Do., B. Sto c k 100 Gt. Sth. &West. (Ire.) 100 Great Western. 100 Do. Str. V.R. gua. St all Irish South-Eastern. all ILancaster & Carlisle. 1 41 Do., Thirds Do. New Thirds Lancash. &Yorkshire Do., do. F. £l6 Do., Wet. Riding Un De. Southport.... London & Blackwall Lond.Bright.&S.Cst. London & N. Western Do. Fifths .. Do. ,1a5h.,M&8...0 Do, Eighths London 45. Western Lndndrry.&Coleraine Lndndrry. & Ennisk. Manch.Shef.&Lincln. Metropolitan ......... Do. J. L. Ricardo's arrangement ...... Midland ..... ...... ..... Do. Birming.& Derby Midland G. West.(lr.) Do. i Shares .. ...... . Newcastle &Carlisle.. Newpt.Aberg.&Hrfd. ,IDDD DD N N . Norfolk E. Dock North. North r t w i e. Sn t s . e D G e lt Sd4reoeNvo. BritishvEk l uca t. . °kn eE knn. r.ii.Enniskillen ..esp.Counties Berwick ..Rail.ll'es i ... uo k.;P: n . r e l. .:11 .1 .h .. n.ne:. .. n:t. s Do. York North London N. & S. Wstn., Hamp stead, and City Jn North Staffordshire North Western N. & S. Westrn. June Oxford Worcester & Wolverhampton Portsmouth Rhymney 1 (South . i c c i r o o o t t p t . i s N s h h . i E , C . :A u n b t n r r: . c . ! l ) ti n — . .S • : t: . • Sitingbourne &Sheer. Devon . . South Ea5tern......... Do. 4i per e. Shares South Wales S. Yorksh. River Dun Staincs,Wok.,&Wok.l 'Stockton St Darlin Do. do., 1854 Do. do., DM Stockton 4 Hartlepl Taff Vale De. Pref., N.. Thames Hay. D. /- Vale of Neath Waterfd. & Kilkenny Waterford&Limeri ck West Cornwall West End of London and Crystal Palace Do. A Do. B West London Do, First Clem Do, Second Class Wmbledon keroydonJ BRITISH Pi 0 I all .8 I 9 Buffalo (St Lake Hur. Buff. , Brut. & Godch. 1 6 p.c.bds., 1 Aug.,'72 Do. de., 1 July, '73 Do, do., 1 June, '74 Calcutta and S. East. Cel:,ral Ouch) (Lim.) Ceylon A shares Do. B. do. 741 all Demerara Atlan. and St. Law. Bombay, Baroda and Cen.lnd,guar. 5 p. e. IDo. .8 all !Oi 10i 10 100 1 10 100 /0 100 !O 2s. O 20c1 3t• 100 O 15 )0 all 10 all l 0 all ft. IGO k) all '0 all all Eastern Bengal East Indian Do. C Shares 10 all 0 all A all !O all !O 10 D 0.44 p.c.l3nds. ' '57 Do. do. do., '59, d Geelong do Melbourne guar. 5 per cent Gd. Trunk. of Canada Do. 6 p. c. Deben Gt. In. Pen. g. 5 per c Do. New. guar. 5 P.C Gt. Wcstn. of Canada Do. New Do. Bds., payable, '57 Do. do., 76, p. '6l— do., '73, do. ... Do. do., '73, without option Madras, guar. 4. p.c Do, do., 5 per C. , Do. 4i p. c. Exton. Do. 3d Ex., g. sp.c. Do. 4th Ex., do. iOude (Limited) Scinde, guar. 5 per c Do Antwrp Sc Rotterdam Ardennes... Belgian East. Junct. Be zicrs to Graisscssac Carmeaux& Toulouse• Coal Mines and Ry Dutch Rhenish Eastern of France Do. New Euphrates Valley of Central of Fh.eice Great Luxembourg._ Italian Junction Lake Const. & Bale Lierre and Turnhout Lombardo-Venetia* Lucca dr Pist.sp.c.p. Lyons and Geneva Lyons Si Mediterran Maria Ante la Do. New . Namur k Liege Do, do. 6 p. s. Pref Northern of France NorwegianTrnk. Pref Paris and Lyons Paris and Orleans Reoife & San Fran., (Pernam.) g. 7 P. a. Rome and Frascati Royal Danish Royal Swedish Sambre and Mouse_ )o. 5i per cent. pref. Southern of France West Flanders Do. 54 per c. Prof W.&N.W. of France Western of Austria._ ,West. of Switzerland (Wiesbaden Do. 8 p. cent. pref. Zealand ......... .. .... JOINT-STOI lAustralasia Bank of Egypt Bank of London Bri. Col Bk. Ln. Co. British N. American C.13k.0f Ind. Au. &eh City Colonial Commercial of Loud. Eng. Scot. &Aus.Cht. Lon. Ch. Bk. of Aust Ditto New Loudon and County Lud.&E.Bnkng.Corp London Joint Stock Lond.andWestminst National Pro. of Eng Do. New National Bank '1 New South Wales Oriental Bank Corp Ottoman Bank Provincial of Ireland Do. New R. Aus.B. South Australia Union of Australia Do. New Union of London Unity Mutual qeotrn J3k. of Loud 81 - 9 65 -67 81 - 9 90 - 92 68i - 68; 37 - 38 ••• '*". ••• ..... ••• '.... •.. ---"' - 10: 19- 20/ 10i - 11 49 - 51 33i - 34 8 - 7 96 -. 9$ ss; - r 7: g i = 1 .. ...... .•• -... 7i- 9. 96 - 97 87 - 88 120 - 123 105 - 107 68i -68 i 61 - 66 70 - 75 7 - 8r 7 - 100 f p - f-ip • •••• • - d - 6 4 108 - 109 1044 -104 i • '"" • id par [o:a 104 "'"' . - 38, 811 - 82 63 - 65 •• 15 - 15. •• 64 56 3i Sid 44A 46§i 85 86 4 —34 d, 3 23 39i 4O 62 62 96 99 7 -- 7 10i -- 11 29i -- 30, 6 - 4 110 112 28 27 48 60 2i lid 174 —18 i 74 75 85i -86 i 4 3 4 d 4 3 d 112 14 41 43 • • • -... 20k - 21 4 - 4j 7 - 5. : - ISSESSIONS. 1 - 11 lip 196 99 96 99 96 $8 Fon a r 'II =ll'l,l 111 • 113 2k -21 p 21i -- S 2 1 53i -- s4j 82 -- 54 211 -21 j 1 -11 p! 21 --3 s? 3d 99 100 120 -- lts 1120 115 107 - 109 19: 1 - 20 21 - 22 par fp I - IP - 111) ••• -• ... 2 -2p 1 - Ti 1 S§ 4ip par j p St 344 11 1 par p 241 241 , 6 1 6i ... ... di 51 6ipl 32 - 33 83 -- Si 21 -- 21 391 -- 39; i 84 -- 94 60g -- 61 58 -- 59 . lii - 2 . 6 1 - 1i 0i- 10 8i 9 ... Pm 0 41 94 10 33 31 par 1 p ... - BANKS. 95 - 1)7 1 i - i p 57 - 59 ...... ••• 1 1 id 69 71 - ... l ' i - l'i 181 - 19 18 - 19 LINES LEASED AT FIXED RENTALS. Paid! RaiLwAYs. Leasing Companies Closing Prices this day. st• 100 I Buckghamsb I St' 100 Clydesdale J c . t 5 all Col.Stour Vy. it. 100 IE. Lin. g. 6 p.e 5 all IE. Un. H. Sh. it. 100 Glas. Barr. di Neils. Direct. It. 100 Do. New '5 all Glstr.&Dn.Fr a all Hull di Selby 5 all I Do. 3 Shares 2. all Do. i Sh ares 2i I all Lon ' &Greenw )• all IlDo.PrefeWnce 100 !Lon. Til., &S. ?. 541)o. Bark. Sh. . 1 111 Manch.Baton. and Matlock 100 Mdld. Bradfd. 54'Newmarket BuryE.G.spc. all N. k Est.s p.c. all Do. 6 per et.. all Do. Fixed 5p c all Prest. & Wyre all Do. A Shrs. A 100 Boystn.& Hit. 1 all Shrews.& Her all S. Staffordsh 1 all WearVal.g6pc all Do.. 1 100 IWilts&Somrst PREFE: :5 all Blyth and Tyne 10 p. e. pref. (iss d. at 50/.) it. 100 Bris.&Ex.4 p.c. St. '0 5 Do. 4 per c. Shares.. ft. 100 Caledn. £lO p. c. 't. 100 Ches. & Ho. 54 p.c. t. 100 Do. do. 5 per cent... 64 all Cork &Bandonsip.c. 64 all Dun.Perth.&Aber.J. 0 2E. Anglian Cls. A Sh. t. 100 Do. do. Cls. B 6p. c. ] t. 100 Do. do. Cls. C 7 D. c. / 53 a'l Eas.Co.Ex,sp.cNo.l a'l Do. No. 2 ) all De. Nevi 6 pr. c. St. ) all East Un.. G. 6p. c. i all Do. 5/., 10 per cent. ) all Do. 10/. Debentr.Sh. all Do. do. 4 per cent... 100 East La.ncasb .6 p. cts. i all E.&W. York. J. sthr ) 5 Edin.&Gl. 5 p.c. Sb. 100 Ed.Prth.&Dun.4p.e. 100 Furness, 5 p. c . 100 Glas. & 5.W.G.5 p.c . 100 Great Northn. 5 p.c l. . 100 Do. 5 p. C. Redeem at 10 p. c. prem ll Red.cen a . • i . 6 I I 100 60 DDpoo.. 6 p. C. peri .c . t pram., all G t.N .of Scot.lst Pre. ] , 100 Gt. Sdr W. (Ireland) . 15 Do. 4 per c. Pref. St. . 6 Gt.W.(B.&H.Ex.spc 100 Do. con. red. 44 p.c. 100 Do. con, red. 4p. e. . 100 Do. irred. 4 percent. 100 Do 5 p. c. red. pref. 1C all Do. Birm. Pref. Si.. all Do.ChesterBp.c.P.S. I all Do. do. 5 p. c. 100 Do. Birm. Gua. Stk. 7 all Do. Chesh. Gua. Sh. 1 I all Do. do, do all Do do, de 1 100 Lan. do York. 6 pc. St l3 100 Lon. &B. G. 5 pc. No.l . 100 D0.,P., 5 p.c.St.No.2 100 Do. New Guar. 6p.c. 13 100; Do. do. 5 p. c., N 0.4 11 100 Lon. di N.W., Coy. & Nineaton sp. et .. 100 Lon. di S. W. 7 perct. _ _ late 3d Shares ... all Londy.dr Color. Sh. all Londy.&Ennis. A Sh. 103 ‘ M., S.,&L. 6 p. Not. 4/, Do. do. do. 100 Do. do. 34 per cent. all Marypt. & Carl. 4 p.c. all Do. 44 per cent 102 Do. do. 100 Aid.Conmol.6 p.c. St 100 Do. Con. Br. Bir. 6 p.c 100 De. 4i p. c. Pref. S 100 Do. L. &H. Pref. S', 1 all New., Aber:, &c., pr. 5 p. c. red. 5 p. c. pm. 8 Do. Perpet. 6 pr. ct. all ^Torf k. D eb. 4 p.c. Sb. _ _ 100 Do. sp. e. Ext. 1846 100 Do. 54 p.c. pf., 1847 103 D0.Wv.V.5p.c.,1847 100 North British 3iiDe. 71. Preference 100 N. E. Berw. 4p. c. Pd. a! Do. do. do 13 Do. Leeds bps. No.l 9 Do. do. Qrs., 1845 10 Do. York 1-L4LS. Pur su. North Staffordshire 100 Oz., W.r, & Woly. 6 p.c. ' Ist guar. 1 100 Do. 6 p. e. 2d guar, a►ll Scot. Cent.Nen ?ref 100 Sc.N.E Aber.g.Gp.c 100 •Do do. 7 p.c. pf, St _ 1.03 Do. d0.:31 p.s. pf. St, all South Dewon all Do. fixed 44 pr cent, 1 all S. Eastern (Reading Ain.) of .el Os. 6d. 100 Do. 44 per cent all Do. Fixed 44 p.o. Sh 100 S. Wales Glll. 4 p. s 100 Ds. do. 44 p. s all S.Yorksh.4 /3. e. Guar all iStock. &Dar., 6 p. • 15 ID• do. de. all IStock g, 6 p.c. till July 1, 'SC all Waterfd& Kilt. 6 pc. BRITIS H 21 12 Alfred Cons. (Philk., 14 British Iron ...... 20 I Conclurow (Can;l3rU.) l 1 Day. Gt. Cnsls. (Tay.) 14s Great South Tolgus 10/ 3 G rt. W. Alfrd. (Ph ilk.) 7 Grt.W. Vor (Heists.) 886 d Lady Bertha 7i I N. Frances (Illogan) . . N. W. Basset (Illogan) 6/ . 15 North Wheal Crotty 1/1 Par. Cons. (St.Blaxy) 9 Porkellis U. (Wend.) 6s. iSort. Cons. Min. Co 2 S. Caradon (St. Cleeri 2 S. Cam Brea (Illogn. 19 S.W. Frances(lllogn. 4j Tarn. S. St L. Min. Co 9 Tin Croft 40 Un. Mines (Gwen , n) I 12s 6'V. of Towcy (Camar.) 14 W. Basset (Illog in) 20 IW. Caradon (Liskrd.) 51 Wh. Basset (Mogan). 5 Wh. Buller (Rdruth). 5i 'Wh. Edward(Calstck) 1/ 7s'Wh. Kitty (U. Lls.nt)' S WILMa. Ann (Menlit.) Wh. Trelawney (Lis.) FOREIGN 7 !Australian 27 Brazilian Imp.(issued at £5 pm) all Do. Cocaes do Cuiada, 15 Do. St. John Del Rey i Clarendon Con. Min. Co. of Jamaica_ all Cobre Copper 16 Copiapo all Fortuna all General :. all Linares ly Lusitanian all Ifariquita all !New 'Granada:, all INeveau Moude all jPont.SiI.LOS. & gmlii 1 Port Philip 16, Santiago de Cuba all 4 outh Australian . all Do. Scrip all Do. li P. o, ?ref all United Mexican MISCE . 19 'Australian Agricult. all Australn. Royal Mail all Berlin Water Works 40 Brit. American Lan(' 324 Canada 100 Do.Ca.6pc.Jan&July 100 Do. 6 p.c.Feb.S;Aur. 'lOO D 0.6 p.c. Mar.&Sept. all Copper Min. of Ens. all Do. Pref. 7 p. neat all Crystal Palace all IDO. Preference all Crystal Pal, of France i Duston Iron Ore 18 Eastern Steam ..... 100 Electric Telegraph all Electric Tel. of Irel all En. &Aust. Cop. SmCo lOs. Eur. & Ind.Jctn. Tel. ‘ll Gen. Ir. Sc. Col.(lirs.) 14 Gen. Steam Navigat. 5 London Discount all Lond. Gen. Omnibus 10 Magdalena St. Navig. all Mediteran. Elec. Tel. all Mexican& S.Americn 5 Nat. Discount Co.._ 5 Do. New 5 Netherlands Land all De. Do all Do.B p c.Pf.iss.at 1 Do. Do. 80 Neff R. &N. S. Land 100 N. S. W. Gov. sp.c. D. all N. B. Australasian... all Nrth.of Europe Steam all Oriental Gas ss. Do. New Shares all IPeelßr. al. & Minrl.l all IPeninsular di Oriental 10 1 Do. New Rhymney Iron all IDo. NoW., 60 Royal Mail Steam all Scot. Austral, Invest all Do. New A S. Ans. Gov. 6 p.c.bds. all South Austral. Land all Submarine Tel. Scrip all Do. Registered 5 Trutittian Co.U.Can. 28i Van Diemon's Land 1.00 V. Go.6p.aap. 4 July Ln.&N.W. Caledon... E.U.&E.O Gt. Northn E. Count. Caldonian. Do.. t. Westn. Y. & N.M, Do S. Eastern Do Peto & Co Do 1 La. &N. W. & Midld. Midland... ' E. Count Do 'L. daS.*: Do 1 Gt. Northn T. Brassey M. MClean Stk.dtDar Do G't.Westn. Do. 90 - 95 98 - 102 11 - 13 134 - 137 3/ - 44 lin iiii 124 -- 13 23 -- 24 102 -- 105 24 -- 2i 89 -- 91 p 55 --57 131 - 134 8 - 9 9 - 9i 32 90 314 - 88 - CE SHARES. - 94 - 98 95 - LOS - LOB - ..._ _1 - I'2 - , • ..--. ••• "--. 75 - 77 •• • ... • - 117 - 110 - 103 IMPERIAL PARLIAMENT. HOUSE OF LORDS.—(This Day, The House of Lords met to-day at two o'clock, ac. cording to usual custom, to prorogue Parliament previ ous to the dissolution. The prorogation took 1 lace by Royal Commission. Feruk Khan, the Persian Ambassador, and suite were present, and occupied seats on the episcopal bench. The Opposition benches were occupied by a large number of ladies connected with various peers of the realm. The Royal Commissioners were—the Lord Chancellor, Earl Granville, the Marquis of Breadalbane, the Earl of Harrowby, and Lord Stanley , of Aided ey. ROYAL ASSENT. The Speaker and members of the House of Commons were ,ummoned to hear the royal assent given by com mission to the following bills : Mr. Speaker's Retirement Bill. Exchequer Bills (21,049,7001.) Bill. Consolidated Fond (Appropriation) Bill. Commons Inclomre Bill. Commissioners of Supply (Scotland) Act, 185 G, Amendment Bill. Income Tax Bill. Indemnity Bid. C ipvhold and Inclosares Commissions Bill. Ecclesiastical Jurisdiction Bill. Lighting of Tons (Ireland) Bill. Customs Duties Bill. Racehorse Duty Act Amendment Bill. Pauper Maintenance Bill. Ext.a Parochial Places Bill. Mutiny 8.11. Marine Mutiny Bill: Cornwall Railway Bill. Pric.-'e Patent Candle Company's Bill. Whitehaven, Cleator, and Egremont Railway Bill. ROYAL . The LORD CHANCELLOR SPEECH then tead ber Majesty's most gracious speech, which will be found in another column. At the conclusion of the reading of her Majesty's Speech, Parliament was declared prorogued in the usual form. Their lordships then broke up. HOUSE OF COMMONS —(This Day.) The SPEALE took the cbair at half-past one o'clock The O'DoiscitifinE tooh the oaths and hie seat for Tip , perary, in place of James Sadleir, expelled. NAPLES. Mr. T. DUNCOMBE asked the noble lord the First Lord of. the Treasury whether any overtures bad beeu made from the King of Naples with regard to the renewal of diplomatic relations between the Government of the Two Sicilies, and if so, whether those overtures were likely to be accepted ? Lord PALMERSTON said no overtures, properly so called, had been received but indirectly a wish had been expressed by the representatives of the Argentine Confederation to him that if political prisoners now in the prisons in Naples were banished to that Confedera• Lion that would be considered by the two Governments as a substantial fulfilment of the object for which diplo matic relations had been broken off. Speaking for the British Government, the mera banishment of persons for the purpose of filling these prisons again with fresh arrests would not be considered as fulfilling the purpose for which diplomatic negotiations were broken off. MOROCCO. Colonel W. PATTEN iaquired if it was true that a treaty had been concluded with the Emperor of Morocco by which very considerable advantages word secured to British on bj ectß. Lord PALMERSTON said he would give his answer at the bar. The noble lord then proceeded at once and brought up a copy of the treaty which had been con cluded between her Majesty and the Emperor of Mo rocco, which was ordered to lie on the table. The Usher of the Black Rod here appeared, and sum moned the Speltker to the House of Lords to hear the Rayal assent given by commission to several bills. The Sreeiont then, accompanied by every member, proceeded to the House of Lords, and on his return, baying read her Majesty's Speech, took leave of the members, and the house broke up. FROM LONDON TO LAHORE. From the deep interest which is felt in this coun try amongst all who are interested in the future of our Eastern empire we offer no apology for the fol lowing extracts, evidently the work of writers per fectly acquainted with the full bearings of the question : (From the Sindian of January 7.) The magnificent design emanating from, and matured by, the genius of the chairman of the Sind Railway Company, for linking London with Lahore by one continuous and direct chain of com munication, is no longer looked upon by practical men as chimerical or utopian. Step by step has the gigantic plan been developed, and whether we contemplate the grandeur of the whole in one gene ral view, or descend to inquire into the specialities of each individual section, it must be acknowledged that the minutest scrutiny proves that the original conception was based on the surest data. The line by rail and steamer between Great Britain and the Levant has been long an established fact. From Southampton, Marseilleq, and Trieste, steamers are constantly plying to and from the eastern ports of the Mediterranean. To continue this line by the most direct and economical route to Western India and the Punjaub is the object of Mr. Andrew and his numerous influential supporters. By last mail we learned that Sir John M'Neill and General Chesney had selected a spot in the immediate vi cinity of the old port of Seleucia, which presented every facility for forming a harbour. From that point to the head of the Persian Gulf they Ind sur veyed the whole country; and so favourable was it for the construction of a railway, that it was calcu lated the line might be laid down at 9,0001. per mile, which, if compared with similar works in Europe and America, will be admitted to be very moderate indeed. The local traffic is found to be immense, and the existing rates of carriage very high. The difficulties in the navigation of the Euphrates are by no means insuperable, and can be overcome by the application of modern science to their removal. Mr. Laird, of Birkenhead, has offered to build steamers suitable to the shallow stream of this river ; and it is known to many in this pro vince that Mr. Frere's time has been much engaged whilst in England in the formation of a joint-stock company for running a line of steamers from Kur rachee to the Persian Gulf, and that he has met with unlooked-for support in this undertaking.' It is on this (the Indus) part of the great high way that we would now offer a few remarks. l'hu importance of such a line cannot possibly be over rated. Whether regarded in a political or com mercial point of view, its 'speedy formation must be deemed of imperious necessity. The Friend of India very truthfully remarks that "no line more demands the earnest support of Government." At a period when our relations on the north-western frontier are in a most precarious state, and when complications may arise demanding the movement of large odies of troops in that direction, it must be evident that increased facilities fur their transit are not only expedient, but indispensable. At the present moment, with the means Government have at their disposal, it would take months to assemble an army for defence or invasion on our frontier ; whereas, with the lines completed that we have spoken of, 60,000 men might be conveyed in a shorter space of time from England to Atlghanis tan. Our local rulers have earnestly supported the completion of such a railway as that now proposed between Lahore and Umritsur. In a letter ad dressed by the chief commissioner of the Punjaub to the government of India in the year 1855 the ne cessity for such a line was thus strongly urged, to gether with the proposal for placing eight steamers on the different rivers :—" Indeed these two essen tials—viz., the railroad and the steamers, may be said with truth to be the crying wants of the Pun jaub in the department of public works. Thisipro vided, the commerce and produce of these terri tories will be turned to their due course—viz., the Indus and its feeders ; and to their natural outlet —viz., the port of Kurrachee. For the rail! oad, the face of the Doab offers an unusual equality of surface, while it possesses few or none of the requi site resources for metalling a road. For the rivers it were preferable, instead of improving the navig able stream, to concentrate all efforts in the pro vision of powerlul steamers of the lightest possible draught. The chief com missioner, while deprecat ing any general extension of the public works de partment in the Punjaub for the present, would yet beg most earnestly to press these cardinal ob jects on the attention of the government. He be lieved that if carried out they would effect more for the development of the resources of these territories than any other Work, or number of works, that could be devised." (From the Sindian, Jan. 7.) Our Scram pore contemporary has alluded to the vast trade which converges from all parts of Central Asia tip to Umritsur as the entrepot for the raw materials and products of this rich region. And, certainly, if we, look to the officill returns, we shall find that the existing traffi c i s enormous. Ar. Tem ple, the secretary,to the chief commissioner in the Punjaub, in a letter written last April, stated— " Recently a merchant of Umritsur informed the chief commissioner that the hire of carrilges is not less than B. 1,000 per diem, half on account of passenger traffic, and half on account of goods." Now, that amount of revenue to a railway between the two towns would pay a dividend of 8 per cent. on the outlay, after clearing all expenses. In the same letter Mr. Temple says :—" But one impor tant object of such a railway as that now under discussion must be the p romot i on of the tra d e be tween Umritsur and K urrachee. Th i s t ra de i s already very considerable, amounting,' OS a ni_e!,: chant v er y recently informed the chief Comm' Koller, to 80 lA A of rupees in value annollY' This 5 I all ;0 all 131 all 0 all 9 all 6 all .0 all 0 all 0 all 10 74 MI all 5 all !O all [0 all !CI all 8i all l 0 al' n all 6 all 6 all .>,O all 48 - 50 39 - 40 li -li p 54 56 7 8 254 26? , , 11 9d 10 8 d 50 50 50 25 36i i 7* 96j6 122 i 683 i i 6k 109 $ 105 4 2} 105 41 38 4 St. 100 82 i 10 St. 20 50 St. 46 1 Do I - 66 - .34 - 88 - .•• -- li - .Oi 90 92 11 la ** id ' 21i 1110 - 111 .14 -11 E .05 - 110 65 - 70 17i - 18, 23 - 234 [OO - 101 91 - 10 .. ....... ••• ~ ... 27 - 28 2- 3 I 4= 41 MINES. 22 - 23 61 - 74 155 - 115 150 - 470 14 - 15 9 - 10 6 - • I - 29 - 6 - 22i - s 340 6 - 320 - i. - 61 - 215 - - 1 34 - :i5 165 - 175 260 - 280 :150 - 370 4 - 20 - 43 - 22 - 5} 21 45 24 MINES. i - li li - 2 3 -3! 20 - 22 id 61 63 12 14 7i 8 ld p 1 = i 7 27 i - il :: 1' 3 1 - 4 'AN - BOTTS. 233 - 243 40 - 45 150 - 155 35 - 40 26 - 28 21 - 2A 611 . - 92, = 93i . 11 li par ip - 11. 1 i 4l - 4i i -i d i ]i 3 4 4 44 par jp is 22 ti - i 'A par ip 1 2f 2$ 67 69 4 5 p 22 24 5 i 35 - 37 I - 1 i -- 1 11 - h ... iz_. ... 76i i 1151 16 traffic has perhaps been quadrupled since the an. nexa'ion of the Punjaub, may still increase, and probably for the most part be conveye d b y railway if constr uc t e d." " B esi d es th e a l ove t h e railw ty might become th e m e an s of exp or ti ng t h e sutplus produ ce o f t h e Punjaub. Such surplus is alread7- great ; the productive power of the country is greater still. Cereals are, in ordinary years, bc. ginning to glut the market. Wheat now sells at 2 maunds, (of 801 b.) per rupee, and gram at 3 maunds. The urgent wants are markets and con veyance." If, in connection with this statement we take into considerati on the traffic in th e River Indus, facilities in our ce weecetaitlly,bfeor cre ab in let a o se f d orm c n tion of the n land and water communication, and the certainty of hand some realisations accrui ng t o th ose who undertake to provide them. The a moun t of cargoespassing Mittenkote up and down th e , Lower Indus be tween Ist February and 31st July last year, was 11,44,012 maunds, equal at 80Ib. per maund, to 40,861 tons ! Deducting such items as grass and others, which probably go short distances, an amount of above 30,000 tons in six months appears as the approximate through traffic between the Punjaub and the sea. It is certain, therefore, that the annual amount of traffic on the river from. the Punjaub exceeds 60,000 tons. The greatly ex tended growth of linseed and of indigo will every year increase this amount, whilst it must not be forgotten that the conveyance of the wheat and grain of the Punjaub has not been taken into ac count. There can be no douvl that the rapidly growing trade over the Himalayan passes between Thibet and the Indian Pliins will be stimulated by increasing and improving the means of conveyance, and much that now takes the long journey to the sea by the Punjaub port of Kurrachee. The last half-yearly report of the Sind Railway Company has shown that the directors are prepared to undertake the construction of the line front Mooltan to tTmritsur, so as to secure the whole of this enormous traffic for conveyance along the val ley of the Indus by means of a fleet of first-class steamery and thence by their original line in Lower Sind, on to EnglAnd. They have laid their proposals before the Court of Directors, and the result has been, as many already know, in this pro vince, that they have sent an excellent staff of en { gineers, who are now on the ground making the necessary survey, whicb it is expected will be completed during the present working season. The expenses of this preliminary survey are, in the first instance, to be defrayed by the Court of Directors, and there is not a doubt but th a t th e re p or t sent in will induce the FAS t India Company to extend the guarantee of 5 per cent. to the capital that may be invested in the construction of this line, which will certainly have ultimately no superior in the ad vantages caused to the country it will traverse, and probably no superior in the profits gained for those who undertake it. Sporting Intelligence. THE GRAND MILITARY AND PYTCHLEY HUNT STEEPLECHASES.—FRIDAY. Farmers' Steeplechase of 2 soya each, with 100 added by noblemen and gentlemen bunting with the Pytchley hounds ; and a silver tea service added by the stewards of the Grand Military Steeplechases; for horses the property of farmers. Weight for age. The second to receive 10 BM, and the third 5 sovs out of the stakes. About three miles. 21 subs. Mr. C. Hewett's Acorn, 5 yrs, list 41b (Owner) 1 Mr. Daniels's The Rector, aged, 12st (Mr. C. Norton) 2 Mr. C. H. Kirby's Countess of Elgin, 6 yrs, 12st (Owner) 3 The following also ran :—Ajax, Rocket, British Yeoman, Harry Lorrequer, Gazelle, Exmoor, Speculation, The Little Sailor, Leek, Little Buck, The Lurcher, Sesame, Village Lass, Longbow. No betting. Won by two lengths ; bad third ; Speculation was fourth, Ajax fifth, British Yelman. sixth, Village Lass seventh, and Leek eightb ; Little Buck fell at the small grip, on going out ; the others, several of whom refused at the Brook, did not pass the post. Sweepstakes of 10 sovs each, h ft, with 100 added from the fund, and 50 by the town of North ampton ; for horses the property of officers on full-pay in the army ; 12st each ; certain winners extra ; the second to save his stake and receive 20 sovs. About three miles. 17 subs. Lieut. Blundell's (Rifle Brigade) Horniblow, by Prot stant, 12st ' (Owner) 1 Lieut. Coates's (7th Hussars) Massa Mugo, 12st (Capt. Severn) 2 Capt. F. Morgan's (Rifle Brigade) Veluti, 12st 51b, including 51b extra (Owner) 3 The following also ran :—Xanthus, Aquamarine, Gentle, Beware, Windsor, Larry, King Dan Sul tan, and Taffy. j. Betting-5 to 1 each aget Veluti and Xanthus, 6 to 1 each agst Massa Mungo and Aquamarine, 7 to 1 agst King Dan, and Bto 1 agst Horniblow. Won by two lengths ; a neck between the second and third ; Sultan was a bad fourth. Xanthus, Gentle, and King D4n struggled in at wide intervals. Windsor, whilst lying a forward position, over jumped himself at the brook the last time, and came down. Taffy fell at the last fence but one, . and broke his back. The Grand Military Gold Cup, value 100 sovs, added to a Sweepstakes of 10 sovs each, for horses the property of officers on full pay ; list each ; certain winners extra. About 3 miles. 12 subs. Mr. W. G. Craven's (Ist Life Guards) Johnny Raw, list 71b, inc. 71b extra...(Capt. Barclay) 1 Lieut. Day's (66th Regt.) The Despised, list, car. list 31b (Sir W. Gordon) 2 Lieut.-Col. Mundy's (Royal Artillery) Pat Man ley, 11st (Mr. Morgan) 3 The following also ran :—Black Bess, Billy, North Britisher, The Bishop, The Huntsman, and Fearless. Betting-4 to 1 each agst Johnny Raw and The Despised. Won by six lengths. Pat Manley and Black Bess walked in. The Huntsman, Fearless, and North Britisher fell at the brook on going out. Billy and the Bishop did not pass the post. The Welter Stakes of 10 sows each, h ft, with 100 added ; for horses the property of officers, (to. ; 13st 71b each. Winners extra. About three miles. Nine subs. Lieut. Blundell's (Rifle Brigade) norniblow, 14st, including 71b extra (Owner) 1 Lieut. Hunt's (4th Light Dragoon's) Sir Charles Napier (Mr. Ellis) 2 Lieut. Anderson (K. D. Guards) The Farmer, 13st 71b (Owner) 3 Captain Baker's (12th Lancers) Aquamarine, 13st 71b (Owner) 0 Betting—Even on Horniblow, and 7 to 4 agst Sir Charles Napier. Won by two lengths ; bad third ; Aquamarine refused at the brook, and did not go the course. Farmers' and Tradesmen's Steeplechase of 2 soya each, with 40 added ; for horses the property of fermers, &c. ; winners extra. About three miles. 11 subs. Mr. Tresham's Miss Knight, aged, 13st (Mr. F • Loton) Mr. Jackson's Veterinary, aged, 13st (Mr Norton) The following also ran :—Oakball, Vulcan, The Colonel, Rep( sitory, Ka.tey, Bonny B Betting -2 to 1 agst Veterinary, and 4to 1 agst Miss Knight. Won by ten lengths. Nothing else near. The Veteran Stakes of 10 sovs each, h ft, with 40 added, for horses the property of officers on half pay ; 12st 71b each. About three miles. 3 subs. Captain E. R. King's Don Quixote, by Cotherstone, 12st 71b ... (Owner) 1 Capt. Durant's Cottonspinner, 12st 71b (Capt. Crymos) 2 Cottonspinner fell at the Brook, and Don Quixote went the course alone. L A TEST BETTING. NORTHAMPTONSHIRE STAKES. 5 to 1 agst Skirmisher (taken) Bto 1 agst Adamas (taken freely) 15 to 1 agst Braeben (taken) LLOYD'3 SHIPPIN ---(Thi.s Day.) LONDON, March 21. fine and very strong. PORTSMOUTH, March 29.—Wind E.S. E. —A rrived— H.M.S. Duke of Wellington, from Lisbon. 4 s''iii7o3- 1— S Catharin a M ar i a, for Batavia ; Eliza Shairp, • w-. The Pactol us, f rom Demerara, fur London, struc k off the Boulder thi s morning, but cave soon after an d arrived here making no water. O vv . PLYMOUTHA ; a Rs E.—Arrived — Clara, March from Perth, W. A. FALMOUTH, March 20. ,•--- pho, for Guadaloupe ; Betsy, San ta Martha ; Auglo-Saxon, Alexandri a . SWANSEA, March 20.. . I C:' teas of Bective, from eto_ . _ hip Off the port. —Carleton, from 20.—Find S. S. E. —Arrived—Coun cuAßLEsTowN, —47 Win I S. S.E. —Arrived-4 Bt °- Liverpool, March . 13 . tilled with water, having been SHIELDS, with ca dres, from --, struck by A be a • for Ferna,na_o his day at noon, - N.E.; (PER ELECTRIC TELEGRAPH.) SOUTHAMPTON, Saturday Morning. 'Wind E., fresh ; weather fine. Arrived—Ann, from London ; Georges and Le Coq, from Cherbourg ; Argyll, (s.), from Charentan ; John Stroud, from Dordt. Sailed--Charlotte, for Guernsey. March 2J—Clara andF j or titude, for Sunderland LIVERPOOL, Saturday Morning. Wind S.E. Arrived—Albania, (ea.), from Trieste. QUE ENSTOWN, MA reli 19. Wind S.S.E. Arrived—Merida, from Barbados; Echo, Uvula. all 18i 50 all all FOR IGN. 4j - ••• ....' 8 4 112 k Elf 21 83 i 2 5 1 11 7 1 i 47 6f 56 4 25 10 LO.i St. St. St. 25 20 1 1 25 lj I 3j 4 86i 1001 136 5 1041 134