The Sun. — London, England, 1847-09-30 00:00:00

every Yust he sold, and in that view he would ulti mately be driven into the Gazette. This illustration applied to every commodity which foreignerss could produce ; and the general rule to be deduced was, that tree trade could not be carried on between two countries unequ illy taxed in a legal tender money, which only expressed intrinsic value and did not ex press price. Surely free trade, which would give all the advantage to the foreigner, could not be encou raged by any except by those who wished to ruin the native producer. He would say nothing more as to free-trade principles generally. He would not say whether they were right or wrong, but he would say this, that the man who paid taxes ought to be treated in a different manner from the man who did not, and that whether in currency or any other financial consi deration, this distinction ought not to be overlooked. If due allowance was made to the Englishman for the taxation which he had to bear, he could compete most advantageously with the foreigner, who would have to bear all the expenses of transit to the British market. Under the proposed system, when the foreigner received paper for 30s. for his hat, and took it to the bullion broker, the latter would give him 5 dwts. of gold, and not 7f dwts. as under the present system, for 5 dwts. would be the intrinsic worth of the 30s. note. The difference, or 2i dwts., was what was due to taxation. Neither would this injure the foreigner. He got as much as he was en titled to receive. Under the present stupid system, the foreigner had perfect free trade, while they had no free trads at all themselves. The foreigner took the advantage ofhigh prices • for that which was intrin sically worth 5 dwts. of gold he got 7 dwts. He wished to make some remarks upon Sir R. Peel's Currency Bill of 1844. Sir R. Peel asked, What was a pound ? He threw up a sovereign, and catch ing it again, said, " This is a pound: It certainly was 5 dwts. 3 grains of gold. But when Sir Robert Peel asked, What was a pound ? did he mean a money pound ? He thought it only fair that this interrogatory should be put to him. Then, the next question was—What was money? Sir R. Peel assumed, by implication, that money should possess an intrinsic value, but they disputed that principle altogether, and said that money ought not to possess an intrinsic value. After declaring that according to the ancient policy of this country, the meaning of the word pound was nothing more than an obligation to pay 5 dwts. of gold, Sir Robert Peel said, I pro pound a system in accordance with this principle. It unfortunately happened that in that speech of May 7, 1844, Sir Robert Peel contradicted this fundamental principle no less than five different times. He would show in what manner. The people of this country, it appears, owed 11,000,0001. to the Bank of England. The Government of this country, notwithstanding its great resources, did not seem able to pay off this debt of 11,000,0001. to the Bank, so they gave to it the power of issuing 11,000,0001. of notes, which were not convertible into gold. This was the first contradiction. Sir Robert said the Govern ment of the day always want a temporary assistance, in the shape of an advance from the Bank; we will add 3,000,000/. of Exchequer-bills, making 14,000,0001., to which amount the Bank might issue notes. Against this 14,000,0001. the Bank of England was not bound to hold one ounce of gold. But Sir Robert went further. The country bankers, for fourteen months before the Bill of 1844 came into operation, issued to the extent of 8,000,0001. Well, people, on reading the first part of Peel's speech, wonld have thought that he was going to extinguish those banks at once ; but no such thing ; he still would continue to allow them to issue 8,000,0001. without an ounce of gold. He gave permission to Scotland to issue 3,000,000/. and to Ireland to issue 6,000,0001., making in all 31,000,000/. of paper float ing about in this country, without any metallic basis whatever. And all this was recommended by a Mi nister who laid down as a principle that the obliga tion to pay a pound meant nothing but to have al ways at hand 5 dwts. of gold to discharge that obligation. He was willing to believe that Sir Robert Peel had been misled, and thought he would yet change his opinions upon the currency as well as upon all the great subjects which had occupied the attention of Parliament. During Mr. Homer's life Sir Robert Peel obstinately opposed cash payments, hut no sooner did Mr. Horner die, than he became a thorough bullionist. During Sir Samuel Romilly's lifetime Sir Robert opposed every relaxation in the criminal code, but no sooner did Sir Samuel die, than Sir Robert came forward as a cri minal law reformer.—(Hear, hear.) Whilst Canning lived he vehemently opposed Catholic Emancipation, after the death of that illustrious man, he repudiated his former opinions. More recently, Sir Robert Peel for several years opposed the, repeal of the corn-laws, but finally yielded to the " unadorned eloquence of Richard Cobden." In this manner had thirty-five years of the political life of Sir R. Peel been spent— the latter part in opposing the opinions advocated in the former. As soon as Sir R. Peel had got Lord J. Russell and Sir Charles Wood tightly and irrevocably pledged to the present currency, so soon would he come round to his (Mr. Duncan s) opinions, and ad vneate them most ably, and no doubt succeasfutly.— (Hear, and cheers.) They would have a missive from Tamworth, recanting all his former declarations.— (Laughter.) After some further observations, Mr. Duncan concluded amid loud cheering. Mr. TAYLOR, having been called upon to address the meeting, said he came forward under great disad vantages. His life had been passed in a very retired manner, and he never had 'addressed a public meet• ing before. He would not have been present on this occasion if he had not felt it to be an imperative duty to come forward and afford his aid in promoting the cause. He also felt under great disadvantage in fol lowing the most excellent speech of Mr. Duncan. He (Mr. Taylor) had been long connected with this sub jeet, and had from time to time published the results of the inquiries he had felt disposed to make, and he thought it his duty when called upon now to testify in public his belief that the doctrines which he had professed were right, just, and true. lOn that account he had come forward this evening. —(Hear, hear.) The meeting had heard a most excellent account of the whole of the case relied on by the advocates of paper money, but there were one or two points upon which he wishsd to dilate, because they referred to something which was more of an historic, and, per haps, of an an ti quar i an nature t h an would be generally dwelt upon by a public speaker. The money which we now have had been imposed upon us under a false colour. Few of the meeting were, perhaps, aware that the currency which now prevailed in this king dom was a very different currency from that which formerly prevailed. In the years 1816 and 1819, under the auspices of the late Lord Liverpool and the present Sir Robert Peel, a great and radical change was made in the monetary condition of this country. Before that period we had a protective currency, as had been observed before. We had now an unpro tected currency. Severe laws were passed from a very early period—from the very first introduction of gold and silver currency into these realms—for the protection of that currency, and to prevent it from being taken out of this country. For some years, any one detected in taking the currency out of the country was liable to forfeit the whole amount in his posses sion. This rule applied also to foreign coin which had once found its way into England. A curious story was told of Erasmus with reference to the ope ration of this law. He consulted Sir Thomas More, the Lord Chancellor, as to whether he (Erasmus) might take out some money which he had brought into this country. The Lord Chancellor was of opi nion that Erasmus might do so. Acting upon this opinion, he proceeded to Dover, where he was stripped of all the money he had, and when he got to Calais e u h en e utrr w yre a n s weasy, obliged to write a b oo k i n or d er to pro curetecti himself subsi s t ence . U p to 1819 we had a pro aabnled tothopuagyhitist taxes s is a t n ed d of conductgold, iJetts the affairs without being at any time particularly dis tressed for money. But there had been during that time a great issue of Exchequer money, called tallies. That money would not go out o f t h e eountry, so that we had the benefit of all that ho me money, and, at the same time, we had a protective currency. Under this system we went on nourishingly. As. great num ber of our noble families rose during that period from the ranks of trade and commerce—numbers of them having served as Lord Mayors of London. The dis. covery of South America led to the cheaper produc tion of silver; and, during the first sixty years after the reign of Elizabeth the silver and bullion coin fell 33 per cent. in value. Sir Robert Peel told us that in 1819 he restored the ancient money of the country. He restored first of all the shilling which had never existed before.—(Laughter.) This shilling weighed eighty-seven grains. In the reign of Elizabeth the shilling weighed 96 grains, and in the latter part of her reign it was reduced to 92 grains. Sir Robert Peel also boasted of having restored the ancient pound. His pound, however, only weighed 103 grains, but the sovereign of Elizabeth weighed in the former part of her reign 174 grains, and in the latter part 172. The pound coin in her time was worth 1/. h f e l ag l da e la given (Hear, tender deea us rr. Bs. Bd., w hil e our co i n was only worth 11. Os. 6d. He l did n o t, therefore, restore the ancient co i n .— silver ) r a nb3silveramount. currency moneyßwuhti which hs f ,r that .aßs on d bo a et y r a t l was Pe ge al a ll tender for more than ;Os. This caused an immense difference with regale. to the traffic of the country. The gold was a leg a l t en d er only as it preserved the weight it was originally coined at—namely, 123 grains. Sir Rober Peel asked, " What was a pound ?" and he (Mr. Taylor) would say, in reply, that a pound was that sum of money which the Government of the country had determined should be a pound in the legal tender of the country. Whatever the Go vernment of the country determined should be a legal tender, that was essentially money, and 1/. of that was a pound, whether it was gold, silver, or paper. In the taxation levied in this country much in jury had been done to the productive classes. They were a body of men who had suffered grievously from our monetary system,. The employers of Mowers can refuse a legal tender. tagr. No man Avery man can refuse currency. Who, then, should 'issue legal tender ? Who should issue money ? NNe Lola that the Crown alone should be the issuer of t he ' leas ,1 tender of the nation ; and that the Crown should riot be permitted to issue any amount it pleased, but only such an amount as the united Parliament may agree upon as the representation of the taxes of the country.—(Hear, hear.) You will thus have a guarantee, through Parliament, against the unlimited issue of money ; and, through the obligation of con verting it annually into taxes, a guarantee against depreciation. Now, these are the two circumstances which, when rightly understood, liberate paper money from the charge of being a fraudulent or ficti tious medium of interchange. I read in the Times newspaper last Monday, a paragraph somewhat to this effect—" Anybody can make money ;" and having laid this proposition down without telling us whether this money was a legal tender or not, the Times adds— " But no one will take that money." Now, either the writer in the Times meant that money was legal tender, or he did not. If he meant it to be legal ten der, then the person to whom it is tendered would be compelled in law to take it, and that part of the argument would fall ; hut if the writer meant by money "currency," then he confounded two things that are essentially distinct. But he endeavoured, by using " money" and "currency" in such senses as he pleased, to throw darkness on the subject.--(Cheers.) But I would ask the writer in the Times, or any one el'ae entertaining his opinions, whether he would ob ject to receive an Exchequer-bill of 1,0001. in pay ment of a debt of 1,0001. ? An Exchequer-bill is only paper, and therefore intrinsically worthless. Moreover, it is not convertible into gold either at the Mint or at the market price. Now, if the Queen be empowered to issue Exchequer notes for 1,0001., and you trust her by taking those notes as legal tender, cannot you trust her for 1/. ? The reason why we advocate this system depends somewhat upon philoso phical princiti a n, but I have no doubt that in the course of a fca oPs-atences I can make that philosophy perfectly clea., e r Y ff it trhe Queen has no right to demand from her subje c ay cony duty which her subjects cannot perform. I think that is a fundamental principle.— (Hear, hear.) The Queen is entitled to taxes be cause she protects her subjects, but she is only en titled, as her ancestors were, to taxes in kind—that is to say, she has a right to receive a portion of the labour or of the produce of her subjects in exchange of or in payment for the protection she affords ; but she has no right to commute those taxes in kind into a foreign metal which Englishmen cannot always ob tain.—(Cheers.) If the Queen were to call upon the people of Sheffield to pay their taxes in cutlery, on the people of Leeds to pay their taxes in woollens, on the people of Coventry to pay their taxes in rib bons, on the people of Birmingham to pay their taxes in buttons, and so on, the obligation between the Crown and the subject would be completely dis charged. There would be no difficulty in this, be cause every person would have in his own possession the instrument by which taxation was to be paid. Now when for the convenience of Government the form of taxation is altered, it is not just to increase the pressure on the tax-payer. A change made for the convenience of the Crown ought not to oppress the subject.—(Hear, hear.) Mr. Jonathan Duncan then went on to say that if the Queen were prepared to say that any pound of taxation represented five pennyweights of gold, then the people might justly say to the Queen—" We insist upon your keeping the gold continually in this country, other wise you ask us for impossibilities." They know that gold having a merchantable value would be ex ported to foreign countries when it was dearer in those countries than at home; and all our Acts of Parliament, our fleets, and our armies, would in such case be absolutely ineffectual in keeping the gold in England. But if gold was the instrument of taxation, and the Queen would not suffer her subjects to pay their taxes in any other, she would be acting like Pharaoh towards his slaves, when he commanded them to make bricks, but withheld the straw.— (dear.) Surely such would not he the conduct of a paternal Government; and this formed one of the arguments in favour of a paper currency. Would the paper currency they proposed be safe? He thought it would. Let them see its nature. In the first place, they proposed not to exceed the amount of annual taxation in this paper currency. If the taxes levied by the authority of Parliament amounted to 60,000,0001. yearly, then why could not Parliament issue taxation paper to the amount of 60,000,000/. At the end of every twelve months, or fiscal year, the expenditure and receipts would, under this system, balance, and there would be no overplus or deficiency. There would be nothing to be funded, and no further accumulation of the national debt. The nation, like a prudent individual, would balance its accounts annually. Had they been acting in this way since 1688, they would not now be burdened with an enormous national debt.—(Hear.) He would endeavour to illustrate this point a little further, and in so doing would confine himself to the internal transactions of this country. They would perceive that in the first instance the Onppn was, so to spealr, in relation to the taxes, the debtor to her subjects. She was so by paying the army, the navy, the judi cial establishments, and the fundholders—to sum up, the Sovereign was the debtor for all those sums of motley which the Government owed to its func tionaries. In order that the Queen might acquit herself of these debts, they proposed that she might draw bills, at twelve months after date, up< n her subjects. The date to be limited to twelve months, and the amount of the notes to be such as the Sovereign and her subjects might think proper. The notes would vary in amount, as Parlia ment should think fit, 11., 51., 501., 1001., &c., and the Sovereign might command that those notes be taken in discharge of an equivalent amount of taxa tion. This being done, the character of the Sovereign would be changed from debtor to creditor, and the people would then discharge the obligations to the Crown by paying into the Exchequer these taxation notes. He thought this system of internal currency was not open to any objection. Such paper would never be depreciated, because it never would be circu lated above the annual taxation. The annual taxation would absorb all that would be issued. Its amount could not exceed that which the public desired, for Parliament would itself sanction it. If Parliament wished for 5,000,0001. to pay the army, then let notes to that extent be issued. In what way, he asked them, so far as their internal transactions were concerned, or their internal taxes and debts, would this currency be less valid than a foreign metal ? It would perform all the functions of gold more effectually than gold, and, as he had already remarked, it would be per fectly safe, for it never could be depreciated, and it never could be excessive. Gentlemen might say that in the time of war paper was issued in excess. He admitted this, and its injurious consequences ; but the evil was guarded against in their plan, for Par liament would issue no more of this paper than the annual amount of taxation rendered necessary. He would now call their attention to the evils which the present gold currency brought upon them. Their gold was made to discharge three separate functions : —First, as regarded the internal taxes ; secondly, the internal debts between man and man ; and, thirdly, to pay the balance due to the foreign trader.—(Hear.) Now this was demanding from one instrument much more than it could accomplish. If there were 10,000,0001. in the Bank of England under the l aw of 1844, 10,000,0001. of note s were circulated against it; but if 1,000,0001. or 2,000,000/. were sent away, there was a reduction in the paper. Wh at was the result ? The whole superstructore of bills of exchange, which rested upon this various basis of gold, was a f_ fected to the extent of 10,000,0001. or 20,000,0001., or even 30,000,0001. If they lessened the depth of the water in the Thames, they would strand the vessels, and they were performing the same operation when they prevented the free circulation of commodities from man to man by taking away the instrument with which that circulation could be completed. But they did more than this. Take, for instance, the case of a man who was anxious to raise himself in the world. He accumulated stock. A scarcity of gold came —he had 100,0001. worth of goods in his warehouses —yet, if that man had bills to meet, and was not for tunate enough to get his bills discounted, he must must take his goods to the market, and sell them at a depreciated p r i ce . S o t h at a man worth 100,0001. might, under our present monetary arrangements, be rendered 50,000/, worse off in the short space of a month ; for, in order to keep himself out of the Gazette, he would be obliged to sell his goods at whatever price they would fetch, even if that were less than half of their prime cost.--(Hear , hear.) He would give a not h er illustrarnion t his i Suppose that no indirect taxati on existed country, that that the whole taxation wa s l ev i ed by dire upon prop e rty, realised or capit a li sed, and that under s these circumstances the intrinsic value of a hat was twenty s hilli ngs , or 5 d w t s . o f go ld ; then supposes that the Government determined to raise a revenue by indirect taxation, and placed a tax of fifty per cent. upon hats. In order that the hat manufacturer should retain his position on the same terms as during direct taxation, it would be necessary for him to add ten shillings to the selling price of his hat; that was to say, he would get thirty shilling s where formerly he got b u t twenty-three —or, in othr words, 71 dwts. of gold where he formerly got but 5 dwts. , and this increased pri ce h e would get if all foreign competition were prohibit e d. But admit an untaxed fo reig ner into our market, wh ose h ats are in all respects equal in quality to those •4f the native producer, that is to say, possess equal intrinsic value—the foreigner could sell his hats for twenty shillings, or 5 dwts. cf gold ; while the Englishman would require fifty per cent. more, since he owes ten shillings, or °I dwts. of gold as a tax to the Government. Sir Robert Peel tells us to buy in the cheapest market; now in this case the foreign article would he the cheapest; we therefore should buy it; the motive producer must therefore abandon his trade, ladess he carried it on by losing ten shillings on had comparatively kept their position without material injury, but the whole burden of this unhappy legisla tion was borne by the operative classes.—(Hear, hear.) Sir R. Peel said, at the close of his speech on the 29th of June, 1846, on the corn-laws, " I shall leave a name execrated by every monopolist, but it may be that I will leave a name sometimes remem bered with expressions of good-will in those places which are the abodes of men whose lot it is to labour and to earn their daily bread by the sweat of their brow—a name remembered with expressions of good will when the labourer recruits his exhausted strength with untaxed food, the sweeter because it is no longer leavened by the sense of injustice."--(Laughter.) No one could surely believe that Sir Robert Peel, after using such language, would willingly injure the poor man ; and yet by his Bill of 1819 there could be no doubt but he threw down upon the lowest classes those heavy taxes which had been imposed on the wealthy during the war. They all knew that there was a difference between direct and indirect taxation —direct taxation was levied in the form of a property tax, indirect taxation was levied upon commodities. The poor man paid equally with the rich, as a consu mer. They did not want to prevent the tax being paid by the poor man, but what they said was, if he was to be taxed upon his sugar, his candles, his tobacco, and his spirits, he should be entitled to charge so much more for the articles he made. They wished that he might be enabled to charge a higher price on the produce of his labour, so that the tax which he paid as a consumer might thus be returned to him. The farmer who kept a number of horses for the work of his farm did not half starve them ; and why should the labourers of this country be kept at star vation point ? Was it not highly desirable to raise their condition, which under the present state of things, could not be done. Mr. Tay lor went on at considerable length to argue against the present monetary system, and concluded by saying that they wanted such a currency through the country as could not be taken away—as would enable them to pay their taxes without leaving a residue—as wouly allow them to carry on their large transactions freely, without any of the panics, and lasses, and disorders to which the present currency is liable.—(Cheers.) Mr. CAPPS would direct his observations to the mode which, by the proposed system of currency, they proposed to carry on their foreign trade. A great misconception existed upon this point. They did not wish nor expect to subject the foreigner to any loss, but they were desirous of putting their own countryman, on fair terms, to compete with him, and, at the same time, to give the foreigner the full value of his goods, viz., 5 dwts. of gold f o r every pound sterling, a n d he was not entitled to more. The rate of interest at the Bank for discount had fluctuated very much since 1832. In that year it was 3 per cent.; in 1833, it was 31 ; in 1834, it was 3 1-3 ; in 1837, it was 4i ; in 1838, it was 23-; in 1839, it ranged from 31 to 6. In 1840, it varied from 6to 4. In the present year the interest was 31, 4,5, and si. The bill-brokers were charged from 10 to 15 per cent. As the value of money fluctuated, so did prices rise and fall. The foreigner would not take our commodities at high prices when he could get gold cheap ; but he takes our gold, and when the prices of our commodities fall then he takes our products.—(Hear, hear.) Under the present system we gave the foreigner three articles, and we only received two in exchange, and that had ever been the case since Peel's money law of 1819. Before that Bill passed, for 30,000,0001. of exports, the declared value of our imports amounted to 44,000,0001. After the Bullion Com mittee sat, the balance in our favour gradually di minished, and now we were sending out 100,000,0001. of products and receiving only 60,000,000/. in re turn. country the grossest and moat unfounded charge. The working classes were charged with being tainted with idleness, improvidence, and vice."—(Cheers.) The money-law of 1819 having swept away fifty per cent. of the profit of productive capital and the wages of labour, Sir Robert Peel, in 1834, tells the labourers of England that by their habits of idleness, improvidence, and vice they were swallowing up the capital of the country. It was remarkable that the gentlemen to whom the country was indebted for the money-law of 1819 were never found in the wrong. Every prediction they hazarded might be falsified, yet still they main tained that no fault could be attributed to their mone tary policy. It must be in the recollection of many gentlemen that the year 1822 was marked by the deepest distress, particularly among the agriculturists. Sir Robert Peel was charged in the House of Commons with being the author of this misery, in so far as he was the author of the money-law of 1819. What was his reply ?" My money-law has had nothing at all to d with it. You, gentlemen agriculturists, are the cause of it. During the war you cultivated too much land, and the fact is we have now a redun dant supply of food ; and in this I discover a sufficing cause." The early part of the year 1825 was marked by great prosperity. Towards the end of that year there was a dreadful commercial crisis. What was the cause ? Of course not Sir Robert Peel's money law. Oh, no. It was owing to the private bankers of the country, who supplied their customers with too much money.—(Laughter.) In the years 1830 and 1831 the deepest distress prevailed among the agricultural labourers, and incendiary fires blazed throughout the country. Commissions were issued by the Government, and then came— what ? not an acknowledgment of any error on the part of our rulers, not an apology by Sir Robert Peel for the money law and its effects, but the new poor law. The labourers of that time were charged with being idle, improvident, and vicious. Having been robbed by the influence of this monetary legislation, they were told that they were no longer entitled to that right which those before them enjoyed fbr nearly three centuries—the right to be supported in idleness at the cost of the wealthy, provided the wealthy were no longer able to find them employment. 1839 was also a year of distress, but we were told that this dis tress was caused, not by the labourers or private bankers, but by the monopoly of landowners. Well, the monopoly of landowners had been got rid of, and here again, in 1847, we had severe distress. Did Sir Robert Peel, or Sir Charles Wood, or the bullionist supporters of Sir Robert Peel admit that this mone tary policy was at fault ? No, they said that traders were now improvident, that they indulged in rash speculations. It was most extraordinary that from beginning to end every body was impugned but Sir Robert Peel. First, the landlords, for sending too much food into the market. In 1826 the private bankers were attacked for giving their customers too much money; in 1833-34 the labourers were charged with eating up the capital of the country. In 1839-40 the landowners, and now the traders and merchants of the country, were in turn impugned. When the traders and merchants of a mighty community like that of Great Britain were charged with being too fond of speculation, and too ready to indulge i❑ hazardous enterprises, were they not entitled to ask Sir Robert Peel how far the censure might conform to the spirit of the theories which he and his supporters indulged in ? Were we not toad by Sir James Graham that England was no longer a chiefly agricultural country, but a trading and commercial country, and were we not encouraged by Sir Robert Peel and Sir James Graham to extend our commercial enterprises ? Did we not hear loud cong•atulations from those men when the Chinese market wis opened to the industry of this country? Were we not told that the Usury Laws were opposed to just sleculation, and were not those laws repealed arid set aside in order that speculation might be encouraged ? Such being the theories of Sir Robert Peel and hs supporters, what right had those gentlemen, after encouraging speculation, to turn round and censure our merchants ?—(Loud cheers.) It was sail by Mr. Taylor that the working people in this country were treated worse than the cattle. He (2lr. 13e11) feared there was too much truth in the statement. The farmer found it to his interest to keep the cattle in good condition, but the same stimulus was wanting with regard to the labourer. The conlition of the great mass of the labourers of this country was far from being comfort able, and we should n( longer flatter ourselves that the traders and manufacturers of this country would long continue to enjoy that measure of prosperity hitherto permitted them, provided the policy which had debased the labourers of the country continued in force. It was impossible Oat the traders and manu facturers could be long prosperous if the labourers were permanently debased.—(Cheers.) It, therefore, behoved all who wished well to the labourer, to strike a blow at those laws which narrowed the field of his employment. If he could suppose any gentleman in that room indifferent' to the sufferings of the labouring classes, to that gentleman he would say, if engaged in commercial pursuits, let him look to his own posi tion. The position of the labourer might soon be the position of the great body of the mercantile men in this country. (Ur. Bell resumed his seat amid loud cheers.) A gentleman remarked that in 1845 the official value of our exports amounted to 150,000,0001., and that we were paid for these with 60,000,0001. Mr. CAPPS believed he had understated the amount. It was evident that the balance of trade was against us, and one mode of getting rid of the evil would be by adopting such a system of currency as would enable the native producer to compete with the fo reigner.—(Hear, hear). Mr. Capps went on at great length to argue in favour of the proposed plan, and concluded am id th e p l au di ts o f the meeting. Mr. BELL said Mr. Duncan had made an observa tion from which those who agreed in the principles which he advocated must derive consolation. He ad verted to certain changes in opinion upon the part of Sir Robert Peel. Mr. Taylor afterwards adverted to the same point, and he (Mr. Bell) thought that if they did advert to the history of bullion legisla tion, they might perhaps be able to derive some light as to the nature of that monetary juggle by which the productive classes of this country were for thirty years sacrificed.--(Hear, hear.) Mr. Duncan had stated truly, that in 1811 Sir Robert Peel had voted against the opinions of Mr. Horner. He voted in 1811 that the paper money of the day was not de• preciative. He voted that a 11. Bank of England note and a shilling were equal in value to a guinea when the guinea sold for 28s. Such was his opinion in 1811.—(Hear hear.) In 1819 he changed again, and admitted that by the Bill then introduced the paper money of the day would he depreciated to the extent of four or five per cent. Let them next come to 1828, and then they found a member of the Bullion Committee stating distinctly, in the House of Coin mons, that he and the great majority of the House had been grossly deceived by the representations of witnesses summoned before the committee. These were the words of the late Mr. Bankes :—" The mea sures adopted in 1826 were unwise, and the sudden contraction of the circulation had been productive of much mischief. Could he have foreseen the effects which had resulted from the measures begun on this question a few years back, he never would have been a party to them."—(Hear, hear.) Mr. Bankes added that the country had, to its cost, learned the mischief's resulting from the measure of 1819, and that instead of four or five per cent., the loss had not been less than forty or fifty per cent. Mr. Bankes applied on that occasion to Sir R. Peel for his opinion. Sir R. Peel was silent. Sir James Graham asked Sir R. Peel whether he dissented from Mr. Bankes' statement ? Sir R. Peel was still silent. In fact, he eventually admitted by that silence that the extent of the evil which had been inflicted upon the home producer was not less than from forty to fifty per cent.—(Hear, hear.) In 1840, before the committee appointed to inquire into the operation of banks of issue, Mr. Jones Loyd said, in reply to questions put to him, " Any contraction of the cir culation of the country will act, of course, upon credit; bills of exchange being an important form of credit, will feel the effect of that contraction in a very powerful degree ; they will, in fact, be con tracted in a much greater degree than the paper cir culation." The following question was then put to him :—" Is it the result of your experience that, upon a contraction of the issues of the Bank taking place, the amount of bills of exchange is also narrowed, and is in the exact ratio, or in a very increased ratio ?" He answered—" It is in a very increased ratio. I believe that answer to be perfectly correct." Sir R. Peel, as they had seen, admitted that by the Bill of 1819 prices had been lowered forty or fifty per cent., but what did he do next ? Why, in 1844, he lent himself to the ad vocacy of those principles advocated by Mr. Jones Loyd, and which were to lower the prices still more. —(Hear, hear.) As regarded the observations of Mr. Taylor, he thought it was obvious that the en hancement of prices in this country must benefit the producer, for how could the traders expect high pro fits when the prices were low ; and how could the la bourer expect high wages if there were low prices. So that they were in reality the friends of the poor man. But what had the law of 1819 done for the producing classes ? Let Lord Ashburton, who had been in his time one of the greatest of British mer chants, answer the question. Lord Ashburton said that in his time there were ten rich merchants in London, for one he could point out now.—(Hear, hear.) Mr. Bell then alluded at some length to Sir R. Peel's promises respecting the working classes ' and proceeded to say, h a d no t Si r R o b ert P ee l and Sir James Graham within the last three years told those poor women and children who had been working in factories, th a t on t h e cont i nuance of their slavery depended the whole of the fabric of the commer cial g reatness of the kingdom ?—(Cheers.) Such had been the practical result to which the bullionist principle of Sir Robert Peel had led. Nay, more, within those three years, during the discussions on the general distress, was it not true that Sir Robert Peel, in his place on the Treasury benches, declared that, however melancholy the condition of our fellow subjects might be, it was not possible they could hope for any relief, as their distress, he said, was caused by the progress of civilisation ?—(Laughter.) In 1846, moreover, to revert again to the point noticed by Mr. Taylor, Sir Robert Peel said, he should hope to recruit the poor man's strength with bread untaxed, and no longer leavened with a sense of injustice. " Untaxed bread "—these were the words used by the man who had thrown on the poor of the country the whole burden of indirect taxation._ (Cheers.) The meeting did not intend to adopt Sir Robert Peel's theory of civilisation ; they were not called upon to look round the country, and having contemplated distress in its ten thousand forms, to say—" These things are the necessary consequences of the march of civilisation." In Peel's monetary policy they saw a solution sufficient for their pur pose. They must say—" You, Sir Robert Peel, and the gentlemen that supported you, have, by means of your currency principles, narrowed the field of' productive employment, and have deprived tens of thousands of our poorer fellow-subjects of employ ment ; and then you charged them with being a sur plus population. You, Sir Robert Peel, told them, not you individually, but the gentlemen with whom you acted in 1834, when your currency measure was in full operation, you and my Lard Brougham espe cially, brought against the working dews of the Several questions were then asked by different par ties in the room, ald answers given, explanatory of the proposed monetary system. Some gentlemel who wished to prolong the dis cussion were anxious for an adjournment, and the Chairman, in order to meet the wishes of all parties, withdrew the resolutions, and contented himself by putting to the meeting a resolution to the effect that an Anti-Gold-law League be formed, and that Mr. Bell, Mr. Duncar, Mr. Taylor, Mr. Capps, and the Chairman, form a provisional committee, with power to add to their number. The resolution was adopted, two only dissenting. The thanks of the meeting were then given to Mr. Bennoch for presiding, ani the proceedings terminated shortly after twelve o clock. SALMON FISHING. — The season terminated last week, and parties have now had time to calculate and ascertain the amount of )rofit and loss gained and in curred. In regard to the fo rmer, a f ew have actually been found on the winning side; but the balance on the whole is sadly adverse to the great majority concerned —making a total loss on tie aggregate, i t is said, of no less than 1,6001. Thi s sun, however, is not the amount of loss incurred by those fishings with which Perth is more or less concerned, bu. takes in the entire river—so that the sorrowful side of the ledger may probably only show for us and ours somewhere about I,oool.—Perth Advertiser. HERRING TRADE.—VirIcR, SEPT.23.—The weather has been such, since our last report, that even admitting the fishermen had been .nclined to go to sea, no oppor tunity has been allowed them. Here, and along the whole coast, the boats now ge nera ll y occupy their winter quarters, being snugly laid upo n t h e b each; as a conse quence, no farther attempt will this year be made. As to the general results of the fishing, we are still inclined to the Opinion, that the total eat e n is materially under that of last year. At Wick, for example, ia consequence of the number of boats being much dimi n i s h e d from that engaged in the fishing in 1846, the catch cannot be less than 15,000 trans under last year. The average at Fraserburgh, again, is fully 50 ernes under last year— making the catch there other 15,000 less than that of the previous season. It is quite true that along the Caithness coast, and at Helmsdale, a larger quantity of herrings has been caught, but certainly not nearly so much as to counterbalance the decrease referred to.— John o'Groat Journal. THE WEATHER AND CROPS IN TIIE NORTH.— Since our last publication the weather has undergone a most agreeable change. In the beginning of the week it was cold and stormy, with frequent showers of rain. On Wednesday the temperature rose considerably, and, though somewhat damp, that day and yesterday ex hibited a complete summer mildness. The wind during the week has been generally high, and yesterday (Thurs day) blew in the exact st) le of an rqutnuxisl gale. Har vest in the south seems to b e a l most or a l together com pleted. It is n o t so i n t h e north. Th oug h the corn was generally ready for cu t t i ng , t h e wet weather of the l as t few weeks con s id era bl y retarded the operations of th e field. Early in th e present week there appeared to be scarcely less th an one -h a lf o f t h e crops out, while no small portion r ema i ne d uncut. Wh il e we write, harvest must be p re tty f ar f rom b e i ng finished n the counties of Banff and Aberdeen, and some portions of Moray. The quality of the grain will in general be ex cellent, but the quantity of lodged corn that we have seen argues the unsoundn ess o f a cons id era bl e proportion.— Aberdeen Banner. THE ELECTRIC TELEGRAPH.—We are happy to learn that in the course of about six weeks from the pre • sent time the electric telegraph will be completed between London and the North. The delay which has occurred in completing the line of communication, by the fixing of wires between London and Rugby, is anything rather than creditable to the greatest of railway companies: we rejoice that the reproach which it involved is to be so soon removed. At the present moment the telegraph from the Commercial-buildings, Leeds, can communicate with York, Hull, Newcastle, Berwick, Edinburgh, Man chester, Birmingham, Derby, Leicester, Nottingham, Lincoln, and Rugby, and when the chain is completed between the latter station and London, all the towns at present connected with the metropolis will, of course, be also in communication with the north. The line from Manchester to Liverpool is now, we believe, completed, and will be opened for the transmission of messages on Monday next. —Leeds Mercury. A fatal accident occurred at Warrington on Sun day, when a party of workmen (ten in number), belong ing to the Bridge Foundry Works, went out upon the river in a small boat, the greater number being at the time in a state of intoxication. The river was slightly flooded from the late rains, and therefore, the cur rent was somewhat stronger than it is on ordinary occasions. They were not long out when, owing to some mismanagement, the boat upset, and four of the party met with a watery grave. RELIEF DEPOTS FOR THE WlNTER.—Government have given orders to have all the stores in Ireland, which they held when Sir R. Peel was in office, re taken, and prepared for food in the coming winter, as. notwithstanding the assertion " that the crisis is over," they have grounds for anticipating scarcity before the harvest of IHB is Ireland.—Limerick .Reporter. LOWtOW, Tnie'RDAY ' .. kyrel4Zl.**_(4 , 9 , in plir,mr:fip' POLICE INTELLIGENCE. MAI\ S'lo N-HOUSE. Jaseph Seager, the reputed clerk to Gardner and Holliday, who have been committed to Newgate upon the charge of having conspired with Cusell and Loup io defraud Mr. Gray, the rope‘maker, was 1:e ought before the LORD MAYOR as a particeps criminis with the above-mentioned defendants. Mr. Hilleary attended for the prosecution ; Mr. G. Brown appeared for the defence. The defendant had been apprehended through the unwearied exertions of Mr. Barber, of St. Paul's Churchyard, on the Tues day night, to whom the Lord Mayor considered the thanks of the commercial public were especially due. Mr. Hilleary said, in bringing forward the charge, —Since your Lordship committed the four defendants who were some days ago accused by Mr. Gray, we have traced part of the goods which were obtained, antecedent to the transactions specified in the exami nations already held, from that gentleman to the defendant, and we have discovered that the defendant has been completely mixed up in the system of gross imposition so fully exposed. We have found that the defendant, with the knowledge that the goods were packed and marked for shipping, removed them from one wharf to another, and finally pawned them for 211. Under such circumstances, it appears to me to be quite evident that Joseph Seagar is a particeps criminis in the fraud, and I hare to request your Lordship to postpone the further considertion of the case until we have prepared it for a jury. The LORD MAYOR said, he was happy to see that the prosecutor and his friends showed every deter mination to follow up their strong statements with corresponding acts. Mr. H. T Gray stated—ln June last I supplied Gardner and Holliday, of 4, Pancras-lane, with rope to the amount of 91/. 19s. 11d. Holliday called at my house and said he had an order to ship some cordage to the Cape of Good Hope, and upon the faith of that representation I supplied them with goods to that amount, and I sent those goods to the Custom-house Quay-wharf for the purpose of being shipped. They were marked " (in a diamond), which denoted that the package was for shipment, and were delivered at the shipping department at the wharf. I have since found they were sold in this country at reduced prices, and that the defendant had pledged some of them at Budge-row, at Mr. Booth's premises. 'When I delivered the invoices at the office of Gardner and Holliday I saw the defendant in the counting-house, and he was aware of the transaction. I have been there before and after the goods were ob tained from me. Cross-examined by Mr. Brown--I took the de fendant for a clerk of Gardner and Holliday, and he told me to draw a bill at three months for my account. Kibblewhite, City policeman, 45, said—l took the defendant into custody. I told him I appre hended him for removing the six packages from the Custom-house Quay to West Kent-wharf in a boat, signing the book in his own name, on the 12th of June, and on the 14th of the same month, taking them in a cart to Messrs. Booth's, the auctioneers', in Budge-row, getting 211. upon them, and signing Mr. Booth's book in his own name, and paying Mr. Booth 50s. for packing the goods. I said we had proof that he had taken the cases or gunny bags having the shipping mark on them off the rope, and that he took the covers away with him. The defendant said that he did take the goods from the Custom-house Quay wharf to the West Kent-wharf, in a boat, but he declared it to have been his intention to take them to Paul's-wharf, as Holliday was to meet him there. He said the waterman was not able to get so far as Paul's-wharf, on account of the tide running strong, and that at the suggestion of the waterman he left them at West Kent-wharf, and on the 14th he fetched them in a cart, took them to Mr. Booth's, and got 211. upon them from that gentleman ; that he told Mr. Booth that they were for Gardner and Holliday, but Mr. Booth said he only knew him (the defendant) about it. This morning the defendant a,ked me if I had got Gardner and Holliday's books and papers from their office ? I said we had all we could find, and he said there was a book secreted, which he thought we had not got. He said, "If you go to the further cupboard you will find it standing upright against the front of the cupboard, but you won't see it unless you put your head inside." I have since been at the office, searched the cupboard, and found the book I produce. The defendant said he had been persuaded by his friends not to come forward before. Cross-examined—The defendant appeared to be willing to give information upon the subject. Mr. Brown submitted that his client had merely acted as clerk to Gardner and Holliday in the trans action, and had obeyed the instructions which he had directly received from them. The - LORD MAYOR said it was quite clear to him that the defendant was a particeps criminis to all in tents and purposes, in whatever relative capacity he might have appeared to have been acting, and re manded him for a few days. BOW-STREET. Yesterday Mr. Stevens, the secretary of Kin g '. College Hospital, waited upon the magistrate, Mr. Jardine, to take his advice respecting the refusal of the parish authorities of St. Clement's to bury the body of a poor old man who died in the hospital. It appears that the patient was David Howell, a casual pauper, of St. Giles's, who slept in Seven Dials the night previously to his admission into the hospital, where he was taken in a state of exhaustion and died from apoplexy. As the hospital is in the the parish of St. Clement's, the parochial officers were applied to, to bury the body, b u t th ey re f use d , on the ground that the pauper had been taken from St. Giles's and had received casual relief. The se cretary added, that in consequence of the refusal of the two parishes to bury deceased patients under cir cumstances like these, the charity had been put to an expense of 15/. within one month ; and if the respon sibility was not removed, the governors of the hospital would have to require some indemnity before receiv ing sick persons into the institution. Mr. JARDINE said the law clearly placed the re sponsibility on the parish in which the patient died, and quoted the authority of the Poor-law Commis sioners to this effect. WORSHIP-STREET. A young man, named Henry Thomas Thomas, de scribed as a French polisher, was charged with having discharged a rifle leaded with ball at a young woman named Sarah Meade, who now lies in St. Bartholo mew's Hospital in great danger. Police-constable Leigh, of the G division, stated, that while on duty in the City-road about 11 o'clock on the preceding night, he suddenly heard the sharp crack of a rifle from the direction of the Eagle Tavern, which was instantly succeeded by a loud shriek in a woman's voice, and the exclamation, " Oh, he has shot me !" On hastening to the spot he found a young woman supported in the arms of a cabman, with blood gushing from an orifice in the side of her mouth, and a stream also pouring from a correspond ing wound in the nape of her neck, close to the spinal column. In answer to his inquiries, the injured woman, who spoke with great difficulty, and could scarcely articulate more than broken sentences, told him that she had just before met a man named Thomas, with whom she had been previously slightly acquainted, who carried a gun in his hand, and that the moment she accosted him he levelled the piece at her head, and, exclaiming " I will shoot you," instantly discharged it at her. She was scarcely of opinion that the act was committed intentionally, but upon observing the blood streaming from her face the man started off and effected his escape. Witness conveyed the young woman to the station-house, where she was promptly attended by the divisional surgeon, who dressed the wound, and, pursuant to his directions, a cab was procured, and she was at once conveyed in it to the hospital. Witness and officers had since been in constant pursuit of the prisoner, but were unable to meet with him until just after the opening of the court that morning, when he came up to him in the doorway, and, saying that he was the unfortunate young man who had shot the woman the night before, expressed a wish to surrender himself to meet the charge. Edward Smirke, a friend of the prisoner, stated hat he accompanied the latter, on the preceding night, to the Albert shooting-gallery, at Hoxton, the conductor of which requested each of them to carry a rifle enclosed in a case to the house of the proprietor in the City-road; but that on reaching the Shep herdess-walk they observed three girls standing in front of the Eagle Tavern, one of whom inquired whether the guns were loaded; the prisoner said that they were not, and was raising up the cover from the but-end of his gun, when it instantly exploded, blow ing off the end of the case from its mouth, and the girl, after uttering a loud convulsive laugh, exclaimed that she was shot, and dropped to the ground. On hearing her exclamation the prisoner hurried back to the man from whom he h a d rece i ve d th e p i ece, w h o was walking a few paces behind him, and asked if the gun was load e d ? to w hi c h a reply was made in the negative, and the wit ness did no t thi n k it cou ld h ave been, as it was the practice to discharge all the pieces every night before they were taken away, although that did not appear to have been done in this instance. Two young women, named Henrietta Ward and Mary . Anne Mansfield, who were in company with the girl Meade at the time in question, generally cor roborated the first witness's evidence, and :added that immediately upon discharging lthe rifle the prisoner turned round with the observation that "there was nothing in it," and hurried away. Mr. John Mather, the surgeon, deposed that upon being summoned to the station-house to attend the injured woman he found upon examination that she had received a lacerated gun-shot wound, extending about seven inches in length from the centre of the right cheek, a n d forming, as he found upon probing it, a perfectly clear channel to the back of the neck, where there appeared a large ragged orifice, througi. which the ball had evidently passed into the street. He considered the injury to be of a very dangerous description, fund a considerable ti me must elapse be- , r I 1Y NI 1!47. fore the young vinan would be able t o a tt en d an d give evi,l o enee. Alr. Vann, for the defence, assured the Magistrate that the unfOrtunate occurrence was purely accidental, resulting trom the culpable negligence of the person who hid entrusted the prisoner with the rifle, without apprising him that it was loaded, and hoped that under the circumstances bail would not be refused. Mr. HAMMILL ultimately acceded to this applica tion, but said that the bail must be heavy; he should not be satisfied with less than the prisoner himself in 4001., and two sureties in 2001. each, with twenty-four hours' notice to the officers to inquire into their solvency. LAMBETH. Yesterday Mr. Humphreys, the solicitor of New gate-street, applied to Mr. Elliott for two summonses against Mr. Gray, a gentleman residing in Windmill terrace, Camberwell-road; one for wilful damage, and the other for being guilty of behaviour with intent to provoke a breach of the peace. Mr. Humphreys stated, that some months since Mr. Gray had been summoned to this court for a series of annoyances to a young lady, the daughter of Mr. Martin, the gentleman who then accompanied him ; and it was hoped, from what then transpired-- he being convicted in a penalty, and the severe and proper admonition which he had received at the hands of Mr. Norton—that his conduct would have become altered, and that there would have been nothing more heard of his annoyance. In this hope, however, the family of Mr. Martin were very much disap pointed; for, though not to so great an extent as before, Miss Martin was still the subject of continual annoyance. For instance—she had been prevented from attending her regular place of worship from the dread of being followed there and back, and when she got into an omnibus Mr. Gray was in the habit of getting into the same vehicle and getting out when she did ; but though these annoyances, as might be well conceived, were of the most disagreeable description, they were not those of which the family of Mr. Martin had more imme diately to complain, nor those for which he (Mr. Hum phreys) requested summonses. A few days ago Miss Martin was out with her mother, Evict on their return they were followed to their own gate by Mr. Gray, who addressed the young lady, whose name was Jane, in a familiar mariner; and when she was going in at the gate said, " Good bye, 'Rimy," or something to that effect, and extended both his hands from the tip of his nose in a fan-like form, which he (Mr. Humphreys) understood was what was vulgarly called " taking a sight." This conduct rendered him liable to a penalty under the Police Act, which states, " That any person who shall use any threatening, abusive, or insulting words or behaviour, with intent to provoke a breach of the peace, or whereby a breach of the peace may be occasioned, shall be liable to a penalty of 405." The act of the party, as he had de scribed it, was certainly such an act as was calculated to create or lead to a breach of the peace ; and on these grounds he claimed one summons. The second summons was for wilful damage ; and in this case he should be able to prove, by the servant of Mr. Martin, that some under linen belonging to her young mis tress, and other articles, were placed to bleach or dry on a grassplot in the garden, and that Mr. Gray, from his own garden, which was only separated by a wall, had sprinkled the property with a corrosive liquid, which rendered it perfectly useless. Mr. ELLIOTT granted summonses in both cases, as required, and they were placed in the hands of English, the constable, for service. THE CORN TRADE. The advance which has taken place in the value of wheat since the commencement of the month has had the effect of inducing farmers to supply the markets more freely ; and though the deliveries have not been particularly large this week, they have proved quite sufficient for the demand. The millers and merchants, who have for some time bought rather freely, have suddenly contracted their operations, owing partly to the general disinclination to hold stocks, and partly to the unwillingness to continue their purchases at the enhanced terms asked by sellers. The trade has, therefore, lost the buoyancy by which it has re cently been characterised ; and though we are in clined to think that prices will not fall to the point from which they have recently risen, it is more than probable that a portion of the late advance will again be lost. Any material reduction from present rates would most likely give a renewed impetus to the in quiry, whilst it would be almost sure to cause a decrease in the supplies from the growers, more particularly as the time has now arrived when they will have to busy themselves with the preparation of the land for autumn sowing. In the early part of the week holders of wheat were generally firm, and at most of the provincial markets held previous to Thursday, very full terms were insisted on. At Liverpool, on Tues day, there was, it is true, not much doing, but the sales made were at rates 3d. per 701bs. above those current on that day week. American flour was, how ever, procurable on rather easier terms, owing to an immense 'arrival, upwards yr 126,000 barrels having been received at that port from the United States and Canada during the week ending the 20th instant. The flat accounts from Mark-lane of Wednesday, and a falling off in the country inquiry, imparted a very languid tone to the trade at Liverpool on Friday ; and to succeed in placing either wheat or flour, less money had to be taken. The decline on wheat amounted to 3d. to 4d. per 701b5., and the best brands of Western Canal flour were freely offered at 275. 6d. per barrel. At the leading towns in Yorkshire business had already become dull. On Tuesday, at Hull, an en deavour was made to establish a further advance, which, however, was firmly resisted by buyers, and very few bargains were closed. At Leeds, on the same day, the transactions were also unimportant, the millers being determined to await better supplies. The advices from the principal shipping ports on the east coast are still firm ; and it is pretty evident that farmers are not disposed to make any important concession. In cases where they have not been able to get the prices demanded, they have preferred to take their wheat home rather than submit to lower terms, and at Spalding and Lynn on Tuesday, as well as at Boston on Wednesday, needy buyers had to pay 2s. to 3s. per qr. above previous prices. Whether this advance will be maintained after the dull accounts from the chief consuming towns shall have been received may, however, be questioned. In the western and north-western markets, where prices rose more rapidly in the early part of the month than elsewhere, a marked reaction has this week occurred ; and at Bristol, Birmingham, Glou cester, and other large towns in that part of the king dom, prices have already receded 3s. to 4s. per qr. from the extreme point attained last week. From Scotland we learn that very little increase had taken place in the deliveries from the growers ; and though purchasers had become somewhat cau tious in their operations, wheat, as well as most kinds of spring corn, realised higher prices at Edinburgh and Glasgow on Wednesday than on that day week. The Irish letters still speak very doubtingly about the late crop of potatoes ; but the reports on this subject have all through the season been so conflict ing that very little reliance can be placed on the same. Supplies of new grain had come forward pretty freely ; notwithstanding which, and though the accounts of the yield and quality of the crops were mostly of a favourable nature, the upward move ment in prices had not then received a check. Barley, of home growth, has again come forward rather sparingly ; but the malsters and distillers have not been eager to buy, preferring to wait better supplies. Owing, however, to the smallness of the receipts, former rates have been insisted on, and the trifling business done has been at about last Mon day's currency. A few cargoes of foreign barley have arrived, which, with what was previously on the market, have afforded a good display of samples. Having had a pretty active demand for feeding pur poses, sellers have been enabled to realise very nearly Monday's prices for sweet heavy qualities ; but to place Egyptian, and similar sorts, it has been neces sary to accept low terms. The operations in malt have not been of much im. portance, and, in the absence of business of conse quence, quotations have undergone no change requir ing notice. The market has again been very indifferently sup plied with oats of home growth. Wheat being much too high in the Baltic to allow of business being done with this country, the advices from thence have for the present ceased to be of much interest, and some of our correspondents have become less regular in their communications. The letters from the principal ports state that, in the absence of sup plies of consequence from the growers, holders had refused to make any concession, though the demand had been the reverse of lively. In the southern markets prices of wheat appear to have been well supported ; indeed, we learn from Marseilles, that in consequence of a continued demand from the interior, quotations had tended upwards until about the middle of the month ; then, however, a slight reaction took place, polish Odessa, which had at one time sold at equal to 475. per quarter, having afterwards been offered at 455. 6d. per quarter,— Mark-lane Express. HULL, SEPT. 28.—The trade closed dull last market day. Farmers brought forward a large sup ply, and their exorbitant demands checked business. The same appears to have been the case with other markets, where the decline since Tuesday has ranged from 3s. to ss. per quarter. Millers had got well into stock, and were comparatively independent. Foreign and farmers supplies coming forward to gether, account for the decline, which, however, is not likely, we think, to be of long duration. Foreign is not pressing on the market : the bulk of our stock here is fine white wheat, the sales of which just now are rather in retail. There was a good supply of wheat again at to-day's market, but not at all equal to that of last week; farmers were unwilling to submit to the reduction which yesterday's London market led ini4ers_to expect, and in consvpience the business • don* was but limited, at a decline tir So. to 41 , P O quarter. Nothing doing in foreign, for the reason assigned above. Grinding Barley is scarce and io demand. In Malting, traniactions are limited. Les s business doing in Oats, but no inclination to take lower prices ; the expense of landing being oires d / incurred. Beans are in improved demand, and seem likely to eontinue so ; the same remark app lies to Peas. Our chief supply of the former ar e ' Egyptian. We are without fresh arrivals of Rye Meal ; the article supports its !aloe, and, with the present high price of Cakes and other articles of similar nature, is likely to be extensively used for general feeding. 'With considerable arrivals of lin seed, chiefly from the Black Sea, but a moderate quantity comes on the market; prices are conse quently well supported. Without any stock of foreign linseed cake, the demand falls exclusively on Hull make, which are delivered from the mill as rapidly as they can be made, at fully our quotations. We are still unsupplied with rapeseed, which, with the present demand for oil and cake, is extraordinary. Rape cakes very scarce, and worth 6/. 7s. 6d. to 61. 10s. There is no business to report in bones. LIVERPOOL CORN-EXCHANGE, T UES DAY, SEPT. 0' —At our Corn-Exchange this morning there was middling attendance of the trade, and a large shovf There of samples of all kinds of grain, flour, &c. was a limited demand for wheat, at a decline on price! of this day week of ls. per 100 lb. on Irish new, an of 6d. on foreign. Flour, too, met slow sale at 26 5 . to 275. per barrel for Western Canal, and other kind s in proportion. Oats were pretty steady in Pr ice : Barley, beans, and peas were dull, and che,,pe Indian corn and Indian corn meal were l ess free of sale, at about previous rates. THE ELECTRIC TELEGRAPH IN LIVERPOOL. (From the Liverpool Standard of yesterday.) This important addition to the railway facilitie! possessed by the town of Liverpool was first brought into working order yesterday afternoon, in a tempo-. nary room, fitted up over the carriage . the Lime-street station. At present it is only capable of being worked in communicatioa with Manchester, and there is no connexion along the London and 'depository .it Birmingham line beyond Rugby. The workmen, however, are actively employed in laying the wires for the remaining distance, which will no doubt be completed by the time that the company get i nt° possession of their permanent station in Tithebarn street, opposite the end of Exchange-street East. By the politeness of the clerks in attendance at the station, we were enabled to witness the facility wir, which messages are sent and answers receivedelling an example of the almost instantaneous trav f ro m the of the electric fluid, we may state that , moving of the handle of the teleg ra ph to the cor-. responding movement of the needle, not a quarter of the a second's interval is perceptible ; yet to move needle in Liverpool, the fluid has to travel to Man' chester and back, 0 a distance of over sixty m iles. Th.° understanding b e t w een communicants at ea ch end most accurate; indeed, mistakes appear so thoroughly Ist ' guarded against as to be almost impossible. Wh at the station the arrival of a vessel (the Marl' Amelia, Captain Long) from New York was trans. mitted to Manchester in a space of time not exceed ing one minute, and in another would be recorded upon the slate in the Manchester Exchange. A F ed vate conversation was also held by a gentleman con nected with the Liverpool press, with one of the editors of the Manchester Guardian, who was sum' moned per telegraph from his office for t he purpose. As soon as the arrangements are completed, the in formation received from the various telegraph stations the London markets, and any other commercial of other intelligence worthy of being transmitted, 11l be written up in the room, which will be open to suu' scribers paying two guineas per annum. RAILWAY SHARE MARKS BRISTOL, SEPTEMBER 29. STOCK EXCHANGE.--The sales are—Bristol and EX e tir ' New, 2 1 / 4 dis.—Great Western, Quarters, 21. 16s. 3d. pr, Ditto, New, 1 3 4 p.—Midland, 401 . Shares, 3 p. — Ditto , 501 Shares, 2 p.—Taff Vale, New, ls. 3d. dis. LIVERPOOL, SEPTEMBER 29. STOCK EXCHANGE.—We have not had such a good ins t " ket for shares to-day. The sales are—Birkenhead, 'Mica shire, and Cheshire, 31/. Shares, 3s. 9d. dis.—Caled onian, 10 1 A, dis —Great Northern, 4% dis.—Liverpool, Crosby, and Southport, IA la.—London and North- Western, 15 8 Quarters, New, 8 p.— Manchester, Sheffield, and Lincoln shire, Quarters, No. 1, 14 p.—Midland Stock, 115--itto, 401. Shares, 43—Ditto, New Halves, 1% p.—North Stat. fordshire 1 1 / p.—Shrewsbury and Cheshire (late N. Vi r • M A ' ) 101. Preference, 2 p.—South-Eastern and Dover, No. 'sr Thirds, 38s. 9d. dis.—York, Newcastle, and Berwick,G. N. El •2 p.—Ditto, New, 24 p.—Liverpool, Manchester, and Newcastle Junction, 2% dis.—Dublin and Belfast Junction, 15 dis. MANCHESTER, SEPTEMBER. 29. STOCK EXCHANGE.—The sales are—Ambergate, Notting! ham, and Boston, 1% c. dis.—Caledonian 10% dis.—Gre g Northern, New, 1% dis..—Hudderstield and Manchester Rail way and Canal, Ig, dis.—Ditto, Thirds, 4 dls.—Lance shire and Yorkshire, Quarters, par—Ditto, Fifths, 1 p.—Dittor 321. Shares, 4 dis.—Ditto , Fif ths (late West Riding linjV, 1 IR-11; dig London and North-Western, 15”t2 Staffordshire ,1 3-16 p . —South-Eastern and Dover, N 0.4. 1 dis.—York, Newcastle, and Berwick, EXtensioll, No. 2, 2 5-16 p. • LEEDS, SEPTYMBER 29. STOCK ExclIANCE.—The sales are—Ambergate,.Notting ham, and Boston, 32s 6d. n. dis.—East Lancashire, New's 4 n. dis.—Ditto, Quarters, 19s. dis._Great Norther ,n, 4% . dis.—Ditto, Extensions, 30s. dis. — Lanc ashire and orksbu ao Fifths, 1 1 % p.—Ditto (West Riding Union), 2 dis.—ee and Dewsbury, Extensions, Scrip (green), 245. 6d.. Leeds and Thirsk, 15 dis.—Leeds, Wakefield, and Midland, 16s. 9d. ais.—Leicester and Bedford, ss. dis.—Lond on ! Brighton, and South Coast, 441 —London, Oxford, !Ina Cheltenham, 15s. dis.—North British, Halves, 13-- Ditto, Thirds, Is. 6d. p.—Ditto, Quarters, 2s. 6d. p.—North Staf fordshire, 14, p.—North- Western, 78s. 6d. dis.—York, NO" castle, and Berwick, No. 2, 21. 4s. 6d. p. HULL, SRPTEMBIR 29. STOCK ExcHANax.—The sales are—Ainbergate,Nottigg' ham, and Boston, 228.—North-Western, 75 5. dia.—London and Yorkshire, Extension, 25s.—North British, Quarters, 3 , 5 * p.—Northern Counties Union, ss.—North Staffordshire, 264' p.—Wakefield and Bradford, Remanets, ls. 6 d. NEWCASTLE-UPON-TYNE, SErritsthEit 28. and I T d ii te Be rp s w. sales Berwick), p — .— N D or i t t h t o , B Newcastle, N r i e t aw i sh n,ds , 13 2 : e —wiNorth a K te SEt N xaff e c l oH v r c Ad a Ns s hG tl iz e re. a 7 2 1 / 2 p. GLASGOW, SEPTEMBER 28. STOCK EXCHANGE.—The sales are—Caledonian, gO/..-- Caledonian and Dumbartonshire, 9s. 6d.—Dundee and Feral, Quarters, 64s.—Edinburgh, Leith, and Grantor', Quarters, 716, 3d.—Glasgow, Kilmarnock, and Ayr, 1051. ex div ex nelf —Ditto, 40/. Shares, 41 1 % ex div. ex new—Ditto, HalveS, No. 1, 6/.195. x. i.—Great Northern, 699. ex int.—Manchester and Southampton, 12s. 9d.—North British, Thirds, 265. Ditto, ditto (scrip), 255. —Ditto, New Quarters (scrip), 105. 6d.—York, Newcastle, and Berwick (Great North of Eng land Purchase), 10N. [ADVERTISEMENT.] --TUB EXTRAORDIRART EYYV CACY OF HOLLOWAY'S PILLS IN THE , CURE of ANO• THER SEVERE CASE OF DROPSY. --The wire of oft d Mr. adW. Gardner, of Hanging Houghton, had been m wa re fully afflicted with dropsy s o bad, that she s confined to her bed and tapped three times in the course of a few. months ; she had then recourse to Holloway's Pills, and by steady perseverance and a strict adherence to the system laid down in the instructions, the disease woo conquered, and for eighteen m onths p ast there has been no accumulation of water. She can walk about with the greatest ease and comfort, and is daily gaining flesh and str , ngth.—These pills are sold by all druggists, and at Professor Holloway a establishment, 244, Strand, London. [ ADVERTISEMENT.i— SENT INTO THE COUNTRY Fagg u p oN A PP ROBATION. 39 , Albemarle -street, Piccadilly-- NewLY° i vented Spectacles, Invisible and all kinds of Acoustic me' struments for relief of the most extreme deafness.--OPer* Glasses and Telescopes.—Patronized by Field Marshall T. Sir Gros venor, Generals Sir Edward Paget, Sir Elan Lloyd?... __ John Beatings, Maiston, Frederick Goodfellow, Clayton. )10,,„-- rison, Dyot Robertson, Mackenzie, Galway Biggs, P. Maitland, Woolf, Murray, Walker, Fox, Price, Lindsay and Thackray, Major-Generals Sir John Rose, Sir James Cockbunis V James Russell, and T. H. Blair, Anchmuty, Baltine Lie ye'''. m* suit' Mackleod, Hamilton. Turner, Wemyss, and Cook uten Sheodde, bid. Generals Sir Henry Bouverie, Sir J. Macdonald, Sir J. Bar t "' er; Sir T. Dallas, Sir Wm. Eustance , Sir Edward Kerrison, and Bull t% H Admirals Lord John Hay, Sir G. Cockburn, Sir George Wi Sir George Martin, Sir James J. Whitshed, sir D. Sir Edward Codrington, Ross, Alexa nder, Curwns, Tompkinson, Hollis, and Price ; Vice-Admiral Sir F. Austell I g e. Caution —.Messrs. S Tel:s . c d op u es . Admirals Brown and Ribouleau, the Hon. J. Percy, M icroscopesAl" pot. opt i c i tt ns, are p• r ir i l an. 4. ,So7oerilrOallSG, way connected with a person of the same name in Wei Glasses, aud 39 AbeMarls diate neighbourhood, nor in any part of the country. To prevent mistakes, be cautious, and observe —Only to be had ist . street, Piccadilly, opposite the York Hotelal --- ----- BIRTHS. On Wednesday, the 29th inst., at the wife of William Haggard,Esq., of a son. lady of Ara i On the 19th inst., at Bayswater -terrace, t he Bradenham Hall, Husband, Esq., of a daughter. g o , J. On the 24th inst., in Dorset-place, Dorset-square, Foster Elmslie, of a son. hire the On the 26th inst., at Elmore-court, Gloncester a f lady of W. V. Guise, Esq., of arson and heir. 'chard On the 27th inst., at Uppe Clapton, the wife of RI Walker, Esq., of a son. of a daughter. nel On the 27th inst., at Halton-place, the lady the lad Horton, of a son. Of On the 27th inst., in Lower Gore, Kensington, the WY of Ncooriofolk, T. O C n . theam2p7btehl l , in E s s t q ., ., Esq., of Berners-street, sf a son f On the 2 • . Bth Inst.. at te rr ace,Hanover-M r s. Long-man, 0 daughter. On the 28th inst.,inot3l Y of Frederick Hale Thornsotir at the Terrace, Kennington.com g g Mrs. Wi' am Webb Obourne, of a dauer. On the lll 28th inst. Torrington-street, Torrington-squarer the lady of th e Rev., at Professor Campbell, of a son. On the 28th inst., in Brom ton s uare the Munster,Esq., o f a daughter. w ife of gen i i P - Mu d q L____----- - ___ On the 23d inst., at Stainto MARRIED n Church, Cathcart Gybb°ll Monypenny, Esq., to Emma, daughter of Thomas Dumarle' Esq., of Milford, Pembrokeshire. On the 28th inst., at Kensington, M. Marcus P au l Ferry boschi, to Jane Stuart, fourth daughter of the late Jan a Mill, Esq. DIED. On the 26th inst., Captain Hillas, of Porchester- terrace- On the 26th inst., in Great Russell-street, Bedford -square' Major George Taylor, of the Bombay Army. On the 26th inst., at Withycombe Cottage, near Exmouth, Devon, Henry Scott }loud, Esq., aged 40. On the 27th inst., in New Cavendish-street, Portland' place, Lamare Morison, aged 33. On the 27th inst., at Henfield, Sussex , Mary, re li c t of th e late John Becket, Esq., aged 90. Lon.lon : Printed and Published by NEVADO YOLTITG, of Na• _: . ..s :Attand. Printer, at The Sun Office, No. 11 2 . Stran d , in the Pree•r o, of gu i agroY• ill tbo Coot? of 11141110101, TlAriclift 19 0 .1111° 134 T, 'of 3 , 'on 1 th•! f#Y •Ixt it : L )Plre At 3,lre . 4,p0 iiitet Fu Sitito „Alec • We thus Th .?fie ro • ittly f tshttli titerttcick dams -Ph dues ' Harty Ins Years Se; : A.' the b , nus I+Mlcy The ! k'r LC not lee Yearly App. A' TORS t lOrts " • Noy . :s 1 ~; Tht to r 41ot pl 4( /aim aoul , alcie :t1 ot Nr:th has, fettur a'so t terest Ass d,:e. l ~. i 54 1 The ofticv, C x Lon( The Thran( Thre e A;, The OZfr, 11 TI! tr, t 1 12, "411