The Sun. — London, England, 1847-11-24 00:00:00

ND T$E BANK GOVERNMENT A The 'following correspondence 'as been received from the Bank authorities : "Downing-street, Nov. 23, 1847. "Gentlemen,—Her Majesty's Government bave watched with the deepest interest the gradual revival of confidence in the commercial classes of the country. " They have the satisfaction of believing that the course adopted by the Bank of England on their recommendation, has contributed to prodilce this result, whilst it has led to no infringement ot the law. "It appears from the accounts which you have transmitted to us, that the reserve of the Bank of England has been for some time steadily increasing, and now amounts to 5,000 ; 0001. This increase has in great measure arisen from the return of notes and coin from the country. "The bullion exceed; 10,000,000 t., and the state of the exchange promises a fuel:ter influx, of the pre- eious metals. " The knowledge of these facts by the public is calculated to inspire still further confidence. "In these circumstances it appears to her Ma jesty's Government that the purpose which they had is ♦iew in the letter which we addressed to you on the 25th October, has been fully answered, and that it is unnecessary to continue that letter any longer in force. " We have the honour to be, Gentlemen, " Your obedient humble servants, (Signed) " J. RUSSELL, "CHARLES WOOD. "The Governor and Deputy-Governor of the Bank of England." " Bank of Englar.d, Nov. 23, 1847. " Gentlemen,—We have the honour to acknow ledge the rece , nt of your letter of this day's date, in which you c, iumunicate to us, that in consequence of the gradual revival of confidence in the commer cial classes of the country, it appears to her Majesty's Government that the object they had in view in the letter they addressed to us on the 25th of October has been fully answered, and that it is unnecessary to continue that letter any longer in force. " We have the honour to be, Gentlemen, " Your most obedient servants, (Signed) " JAMES MORRIS, Governor. " H. J. PRESCOTT, Dep.-Governor. " To the First Lord of the Treasury, and the Chancellor of the Exchequer." LAW INTELLIGENCE. COURT OF CHANCERY, Nov. 23. The continued indisposition of the Lord Chan cellor prevented his again sitting in his court at Westminster to-day. VICE-CFL4NCERY COURT, Nov. 23. (Before the VICE-.CHANCELLOR Of ENGLAND.) TUB GREAT WESTERN RAILWAY COMPANY V. THE =row) AND BIRMINGHAM JUNCTION RAILWAY.— DECISION. Sir F. KELLY replied to-day at considerable length in this case, and The VICE•CHANCELLOR immediately gave judg ment, overruling the demurrer put in by the de fendants to the plaintiff's bill. Notice of appeal to the Lord Chancellor bas been given. COURT OF QUEEN'S BENCH, Nov. 23. (Sittings in Banco.) SERIOUS CASE.-THB QUEEN V. CHARLES WRIGHT, AN ATTORNEY OF THE COURT, AND SOPHIA ZENNELL. Sir F. THESIG ER moved the judgment of the Court upon the defend-ants, the first named of whom, a cripple, appeared on the floor of the court. M. V. Ifni, who appeared for the defendant, submitted on several technical points, and on account of the ill-health of his clients, that judgment should be respited for a few weeks, or until the next term. He handed in a surgeon's affidavit. Sir F. THESIGER, after perusing the affidavit, said, it did not appear from the statements it contained, that there was any probability of the defendant being convalescent; and, considering that the offence of which the defendant had pleaded guilty was com mitted fourteen years ago, he submitted that no further delay should take place. Voluminous affidavits having been read on the part of the defendant, Sir F. THxSIGEE proceeded to explain the facts of the case. He said the indictment to which the de fendants had pleaded guilty contained twelve counts, upon four of which judgments had been arrested. The first count, the truth of which was admitted by the defendants' plea of guilty, stated that certain East India stock was standing in the name of Major- General Charles Campbell, in the books of the company; that he died in the year 1822, leaving his widow, Mrs. Mary Harriet Campbell, his survivor ; that Sophia Fennell was, and still is, the wife of , George Fennell ; that Mrs. Campbell is still living, and that the defendants conspired together to obtain the means and power to obtain the transfer of 9651. It appeared that Mrs. Fennell represented herself as one of the children of Major-General Campbell, by his widow, and also that Mrs. Campbell, her mother, had died intestate, and, on this assurance letters of administration were • issued from the Prerogative Court of Canterburyto her. The defendants were also instrumental in preparing a false deposition, stating that the woman Fennell was one of the lawful children, and that she was a widow. An indictment was preferred in 1833 against them, which was subsequently removed into this court by certiorari, and they then withdrew their pleas of not guilty, and pleaded guilty. A notice was served on them in January, 1835, calling upon them to appear and re ceive the judgment of the Court, but the female alone appeared. The Court, as the principal defendant was absent, deferred judg ment. The defendant was not discovered until last year, when it was ascertained that he had re turned to this country, an that he was practising as an attorney in Essex-street, Strand. It appeared that he left this country in the spring of 1835, and remained at Boulogne until last year. The East India Company had felt it their bounden duty to proceed against the defendant. Delays had taken place by the defendant obtaining the withdrawal of the four counts. Although he was unwilling to press severely upon the defendant on account of his bad state of health, he felt that he should not discharge his duty if he did not draw the attention of the Court to the facts of the case. Major-General Camp bell died at the Cape of Good Hope in 1822. In 1833 a suit in Chancery, of which the defendant was the solicitor, was instituted on behalf of the children of the first marriage, Sophia Fennell being one of them, to restrain the transfer of the stock to the widow. He must therefore have known all the matters of the family. In consequence of this suit the East India Company would not consent to the transfer. In May, 1830, notice was served , upon the East India Company that the suit was withdrawn, and in July following the fraudulent depuzitions were made, let ters of administration were t a k en out, Mr. Vright being security to the bond, and the money was paid. Mrs. Fennell w.!s at that time cohabiting with the defenchn t. M. M. D. HILL addressed the Court in mitigation of punishment. lie ciwe!t upon the filet that Mrs. Campbell made no answer to the suit, and that the defendant might have .ben misled by the female; that the defendant subsequently went into voluntary exile, and by his conduct since had endeavoured to atone for what he had done. His business had been destroyed, and he was now in great poverty. M T r: .., us 4 ., : ice 0 vOLERID GE in the Queen's sentenced - the Prison, fendantto twelve mont h s ' im prisonment and i n ti ma t e d t o hi m that, but f()rhis i lalx , ur w ou ld h ave b een a dd e d. The Courtould not, could ~.11 health, hard after wh a t h a d ta k en p l ace, allow him to continue an attorn e y o f the court. The defendant was then removed in custody. THE QUEEN V. BROOME. The def en d ant, John Broome, the well-known pugilist, who was found guilty of an assault upon a person named Nl'Leish, appeared to receive judgment. Mr. Justice COLUTtIEKIE sentenced him to a month's imprisonment in the into hi.* own reco Queen's Bench, an d to enter duct gnizance% in 50/. for his good con , particularly towards Allheish, for tw o y ears The Learned J u d ge said the defendant had no-doubt received great provocati9n, but the assault, neverthe less, was a serious one. COURT 0p15c671,57 --- - - )i t p. e (Sitting s i n B`ari— e IV w' ‘)3. The Court was occupied a consi dera b le the day with a patent case, th e po parjrablertidn o f did not, however, aiTor,l any suffiei partic ulars of Which ent ground s for a detailed rep,'... COUfjT OF COMMON PLEAS 23. , N ov. (Sittings in Banco.) COBBETT U. HUDSON. The CHIEF JUSTICE delivered judgment in this case, which was an application for a habeas corpus. The applicant was now in custody under a writ of attachment from the Court of Chancery for 471. 11s., and no objection whatever was urged against that attachment. When a party was committed by a court of competent jurisdiction, no other court in Westminster Hall could examine into the irregularity Nr.i% - s of the preceding. If, therefore, the attachment was open to any objection, the Court of Chancery was alone able to afford redress. There was no ground, therefore, upon which the Court could grate the Present application. e:;`; APPlicilitiou refused, _.; LATEST PRICES OF SHARES. I N BANKS, ASSURANCE, AND OTHER COM PANIES' STOCK. From the Gfficial List, eI7BLISIIED EVERY TIIEADAT AND.FRIDAY EvENISt. LONDON, TUESDAY, NOVEMBER 23. JOINT-STOCK Dividend Amount Nair° of Company. per of Paid. Price, Annum. Share. s. d. $ s. d. Australasia .......... 40 0 0 40 0 0 AritshNorth American 57. per cent. 50 0 0 50 0 0 44 Ceylon •• • • .. •• •... 61. pr cent. 25 0 0 25 0 0 ;ommercial of London 61. per cent. 100 0 0 20 0 0 'olonial. 51. per cent. 100 0 0 25 0 0 Gloucestershire • • •• • • 151 per cent. lonian -- • • .• • • 61. per cent. 25 0 0 25 0 0 Lonfin and Westminstr 61. per cent. 100 0 0 20 0 0 Ditto 13 0 0 .iondon Joint-Stock... 61. per cent. 50 0 0 10 0 0 15 Provincialof Ireland • • 81. per cent. 100 0 0 25 0 0 41 Ditto, New... • • • i 81. per cent. 10 0 0 10 0 0 National of Ireland 51. per cent. SO 0 0 22 10 0 Nit. Provnclal of Eng. St. per cent. 100 0 0 35 0 0 Ditto, New.•• •• .• • • 51. per cent. 20 0 0 10 0 0 South Australia 22 10 0 ~. moil of Australia.... 61. per cent. 25 0 0 25 0 0 Ditto ...• ..... 2 10 0 L0nd0n..... 61. per cent. 50 0 0 10 0 0 Union of Madrid ..... 40 0 0 40 0 0 crease, and is large; there is also a desire on the part of holders to sell, aid the tendency of prices is downwards for most descriptions. In Cod the purchases made have been unimportant. Southern is little required and prices vary from 231 to 261 for low to fine quality. For Sperm there aro few buyers. For Linseed Oil prices remain much the same as those previously cur rent, the supply plentiful; the home trade have been large operators, and the export demand has been good at 23s 6d to 23s 9d. For forward de livery several contracts were concluded at 24s to 24s 3d, upon these terms there are not generally sellers. In Rapeseed Oil the operations are upon a more extended scale ; in prices, however, we have little improvement to record. Olive is little required by exporters or the home trade ; prices continue on the decline. Palm dots not improve in value ; several parcels, however, have found purchasers. Cocoa Nut is little required ; prices con tinue to decline. Their Lordships re-assembled at Five o'clock. THE ADDRESS. vorthy condition, namely, that the Government should .;o halves in the profits, which; by fixing the minimum rate so high, they calculated on wringing out of the ge •eral distress.—(Cheers.) I say it is no answer that the Sank did uot exceed the lawful issue. The Government authorised them to exceed it, and for that the Government oust come to Parliament for indemnification—for the auction of Parliament ex past ,facto. It is no satistac ion to me, if I exhort or authorise a murderer, that he lid not meet with his victim. I authorised the perpe ration of the crime, and morally and legally I am as .espensible as though the crime had taken place.— Hear, hear.) If her Majesty's Government undertook o suspend the Habeas Corpus Act without the consent if Parliament, in order that they might be able to ar ...gist, without form of law, any persons under certain ecpected circumstances, it would be no answer to us hat the circumstances did not arise, and that no man tad been subjected to unjust imprisonment.—(Cheers.) ['he Minister issued that authority to the Bank, and they ire as liable to account for having done so as though the tank had committed an undoubted breach of the law. —(Hear, hear.) But there is a much more important luestion remaining behind, and one which will produce he deepest anxiety iu the minds of the reflecting people 'f this country, and require at the hands of Parliament he most careful investigation. The avowed object of his law was to regulate the currency of the country, and ty applying the screw at the proper time, to check endue speculation, end so prevent, or, in fact, to ren ler impossible, those panic, of which we have seen gone more disastrous than the present. From 1844 to 1847 no pressure occurred in which the law was fairly .vied and brought to bear; all the circumstances of these years coincided with the law. But at length the time same, and now the test has been applied. The Govern nent, under the pressure of the times, feel it necessary arbitrarily to interfere and alter that law, which was ound to be unequal to the emergency. Now, I ask the . :loverntrent what they mean to do with that law?— 'Loud cheers.) That, too, is a question which the coun ry has a right to ask, and it is a question to which the fountry will have an answer from those who are charged vith the responsibility of Ministers.—(Cheers.) If the law was wise, and just, and expedient, and, above all, iracticable, how is it the Government is to be excused 'or violating that law; and, in defiance of an Act of Parliament, suspending its operation? If, on the other hand, it be only applicable to fair weather, and not for he adverse circumstances for which it was intended to provide, then it is your duty, charged as you are with he affairs of this great country, to say we do not bs ;end to maintain that law in its integrity—(Cheers)— grid I ask you what aro the amendments of that law vhich you intend to propose?—(Cheers.) That is a luestion which I have a right to ask ; and with that luestion I will now dismiss the subject altogether, re tenting, at the same time, my belief that her Majesty's i-overnment acted, on the whole, with wisdom and dis fretion in suspending that law.—(Ch eers .) R ecurr i ng to the universal character of the present distress. lave a right to ask the Noble Lord who proposed the Address, and who must have found it a :either difficult topic to deal with—l have, I say, a right o ask the question—whence is this commercial dis ress? There may be, and no doubt, is a part of this !ornmercial distress arising from improvident invest nents in railways, but I am inclined to think that is by to means the largest part.—(Hear, hear.) Here we lave a Speech from the Throne, giving an account of sreat commercial distress; and a supporter of the pre 'ent Government, cad the mover of the Address, attri buting it also to the importation of 9,000,000 quarters of 'oreign corn; but I recollect when in the discussion on he corn-laws, two years ago, my statement met with !ontemptuous ridicule from the Noble Lord near me —(Lord Brougham)—when I said that when there was no extraordinary supply, and prices ruled mode .ately, we might look for an importation of 4,000,000 quarters annually—(Hear, hear)—the Noble Lord laughed that statement to scorn; but what are the facts if the case? I will take figures furnished by the Noble Mover of the Address; and I recollect there was no srovision made by sowing a single additional acre of sorn, which was considered in my calculation of t 000,000 quarters. According to the result of the Noble Lord's figures, in nine or ten months 9,000,000 >r 10,000,000 of quarters of foreign corn have been brought in. —(Cheers.) And the Noble Lord, in moving the Address, attributes the commercial distress of the iountry at this moment to the large sum which we have lad to pay for foreign corn.—(Renewed cheers.) On the part of a supporter of her Majesty's Government And a free-trader this is a valuable admission; and I rest say, for myself and friends around me, the event in a most remarkable manner has verified the an ticipations we ventured, in 1841, to prognosticate as he result. How differently have the prophecies made by our opponents been fulfilled! I have had sent tile, by this morning's post, the reprint 'of a letter published by Mr. Cobden in March, 1841, addressed to the working men of Stockport. He says, " You will eat bread, made from American dour, at lid. per lb. ; you will then have full employ ment at advanced wages ; every spindle and every loom will be set in motion ; every shopkeeper will be pros perous ; every house will be tenanted ; your numbers will increase ; and new mills, new houses, new churches and chapels, will be built, and everything will flourish ; if the corn-laws be taken off directly, and a free impor tation of corn be allowed."—(Cheers.) Now, mark ; they have now a free trade in corn, such as the most ,ianguine supporter of free-trade doctrines ninild wish, or indeed ever dreamt of—in nine months nine millions of quarters I—(lear, hear.) But it is not said that we export more manufactures. The increased exports have been, as we told them, exports only of bullion until the time when it rises, and the price of all commodities fall ruinously low at home. By dint of hard work, low wages, poor fare, and stinted time, our manufacturers have been forced into a glutted market, despite hostile rivals. There has been an importation of foreign corn large enough to satisfy the free-trade prophets, but now different the result from their prognostics ! So far r• .m the mills being crowded, never before were there so many mills standing still, so many men upon short time, so many families unemployed, or wages fallen so low.— (Hear, hear.) The exports, it is true, have fallen short but not so short as to justify this great commercial de pression. The fact is, my Lords, it is the home market which has failed ; proving, by experience, that all 'oreign markets are insignificant as weighed in the balance with the greatest and best—the home market.— (Cheers.) Ido not, however, attribute the whole of our commercial distress to the repeal of the corn• laws or to free trade ; but I say the failure of the crop in England has anticipated the result of the corn-laws, and showed its inevitable tendency to cause large ex • ports of bullion from the country, and great disturb ances of the currency. It has also shown the utter fallacy of those predictions of prosperity, and that, in stead, it tends to the ruin of both farmer and manufac turer. Ido not hesitate to say that the period at which many large undertakings were commenced, large returns might have reasonably been expected ; and that the effects of the Bank Charter produced much of that de pression and suffering to which, more than an actual want of wealth, might be attributed the panic. The want has been the want of some exchangeable medium in which all parties could have confidence, and the Absence of which has caused the paralysation of trade we have so recently witnessed—(Hear, hear)—a state of things which has been, to a certain extent, remedied, and which would be still further remedied if the Bank of England, acting in co-operation with the Government, would, on approved security, grant that temporary ac commodation which might bs the means, as it were, of oiling the wheels of commerce, and of preventing, so to speak, its machinery from standing still from the want of some available trediu:n Of exchange.—(llear, hear.) My Lords, I will pass over without any particular c. m ment that passage of her Majesty's Speech in which it is stated that " the abundant harvest with which this country has been blessed has alleviated the evils which always accompany a want of employment in the manu facturing districts," though I trust confess I do not under stand the object of inserting that paragraph in the speech from the Throne. Ido understand that every good har vest with which we are blessed is an increase of the capital of the country, and that such increase of the capi tal of the country is naturally beneficial to its commercial and manufacturing interests, a subject which the Go vernment will do well to bear in mind, inasmuch as there is nothing that can compensate for that great deficiency in 0 - 9 national capital which arises from any great di minution in the cereal produce of the country.—(Hear.) My Lords, I turn now to the state of Ireland.—(Hear, hear.) I believe, my Lords, that great exertions have been made in Ireland to alleviate the sufferings of the people, and to carry into effect, at g rea t sacrifices, and under great risks, the law which last year received the selection of Parliament for the relief of the poor ie Ire land.—(Hear, hear.) The landed proprietors of Ireland have, it is my belief, exerted themselves to the utmost of their means—in many instances beyond their means—in availing themselves of those "facilities which had been placed at their disposal by Parliament, and in endea vouring to mitigate the pressure upon the poor.— (Hear, hear.) I do not wish [so wo understood the Noble Lord, whom we occasionally found it extremely difficult to hear distinctly]—l do not wish to enter upon the question as to how far it may be necessary for the liberality of this country to extend itself to Ireland. Bardens have been imposed upon the landlords of Ireland, and those burdens, whether deserved or undeserved, the landlords of Ireland must bear ; but, my Lords, you must not impose upon the landed pro perty of Ireland that which the whole property of that country is unable to bear. There are districts in Ire- The Earl of SHAFTESBURY (in the absence of the Lord Chancellor) took his seat on the Wool sack, as Deputy-Chairman of the House, and read the Royal Speech. • The Earl of YARBOROUGH then rose to pro pose the address in answer to the speech. After bespeaking the indulgence of the House for a Mer,i ber addressing their Lordships for the first time, the Noble Earl expressed his opinion that, whatever might be, the opinion as to the propriety of the ad vice which the Ministers had given to her Majesty, under the circumstances of distress with which the country was labouring, none could doubt of their sincerity or honesty. Some might attribute the distress existing to Peel's Act ; he, however, attributed it partly to the demand for money required to purchase food, and partly to the contemporaneous demand for money for the con struction of railroads. The quantity of corn im ported into the United Kingdom for the present year up to the 10th of November, was 10,898,000 qrs.—(Cheers.) He understood those cheers, but be believed that that importation had been rendered necessary by the failure of the potato crop ; and whatever might be the opinions of Noble Lords as t( the policy of the repeal of the corn-laws, he believed that they would themselves, under the circumstances. have authorised the free importat ion of corn.—(Cheers.) Thus, in 1845, Parliament authorised the raising of 59,000,0001. of capital ; in 1846, 132,000,0001. was authorised to be raised. Th e p art i es promo ti ng these railways did not in general promote them matters for permanent investment, but as mere gambling speculations. These causes had partly contributed to produce the distress; but the distress had been greatly aggravated by a panic, arising not sf, much from want of money, as from want of confidence. The measures adopted by th e G overnment h a d great l y tended to dissipate this panic and to relieve the com mercial interests, and therefore he thought their Lordships would approve of these measures. It was, however, a satisfaction to reflect that the harvest had been abundant, and if next year we were blessed with such another harvest, it would be found that the distress would bf greatly alleviated, but if such were not the case, he feared the agricultural would suffer, in common wits the manufacturing and commercial interests. Ile believed that this country would again willingly come forward to relieve the distresses of Ireland, but the . would first insist that every exertion should be made la) the landlords of Ireland to maintain their own poor, and that the Irish people should yield a speedy and wil ling obedience to the law; and he trusted the Govern ment would propose such measures as would protect the well disposed, while they would bring to condign punishment that band of miscreants who were going about the country setting the laws at defiance and committing atrocious crimes. lie believed that they were few in number, although they inspireu a. greater terror than the law ; but he trusted that the Lord Lieutenant, who had professeo his determination to administer the law wit}. firmness, and yet with mercy, would sue teed in making the law respected. Nearly 1 0,000,0001. had last year been voted for the relief of Irish distress, of that nearly 8,000,000/. had beet, expended. He trusted their Lordships would mak( ample provision for the exigencies of the country He trusted that the co- operation of the States of Europe would restore tranquillity to Switzerland. He was of opinion that the measures about to be proposed by the Noble Lord at the head of the Colonial Department for the introduction of free labour into the West ladies would have the effect oi alleviating the distress of the colonies. Considering the general desire manifested for a revision of the navigation- laws, he thought the subject was one well worthy the consideration of the House. The sanitary condition of the people was also a subject well worthy the consideration of their Lordships. If disease should be imported from abroad into this country, its ravages would be terrific, owing to the ill-ventilated, ill-drained habitations of the poorer classes. The Noble Earl having apologised for the length at which he had addressed the House, concluded by moving the Address, which was, at. usual, an echo to the Speech. The Earl of BESBOROUGH rose to second the address. The Noble Earl addressed the House only for a short time, but he was so inaudible in the gallery during the whole of his address that it was impos sible to catch even the purport of what he said. The question having been put, Lord STANLEY expressed his wish that some member of the Government should have addressed the House before he stated his opinions of the Speech which they had heard front the throne, but, under the present circumstances of the country, he considerea that the Address—an echo as it was of the Speech, and therefore singularly unmeaning its its cha racter—he thought it his duty to offer to the House some remarks on the subject of that Address. He would not allude to the speech of his Noble Friend, the seconder of the Address, because he had under taken to second it at a short notice.—(Cheers.) The first and most important subject alluded to in the Speech was the distress, and he would do her Ma jesty's' Ministers the justice to say that they had not attempted to hide the universality of the distress, but they alluded to it without showing a single reason why they should indulge in the slightest hope that that distress could be alleviated. There was not one of their Lordships who would not join in the expressions of admiration expres se d by h er M a j es t y for the fortitude with which those distresses had been borne ; but although the Speech expressed her Ma jesty's lamentation for that distress, and her lamen tations over the state of rreland, although the Speech expressed lainentation for. the past, anxiety for the present, and apprehension of the future, yet the Ministers cautiously abstained from stating their opinions as to the causes and the remedies for this state of things. He called upon them to throw themselves upon the country—to throw themselves upon their politi ca l o pp onen t s, who, if they (the Ministers) would take the lead, as their position called upon them to do, would willingly, laying aside all party spirit, aid and assist them in passing those measures which were required for the salvation of the country.—(Hear, hear, and cheers ) He would not be slow in c arry i ng to h er M a j esty his approval of the assistance which the Ministers in the last extremity had extended to the commercial com munity, but he could not but express his belief that had the relief been extended sooner it would have been more effectual—(Cheers)—b u t still he gave them credit for having dared to violate the law, and by violating the law to save the country.—(Cheers.) He would not, however, hesitate to express his opinion that the Government required an Act of indemnity for the violation of the law.—(Cheers.) The Noble Lord then proceeded to say—l think her Majesty's Go vernment ought to declare what are their intentions on this point, for her Majesty's Speech leaves the matter entirely in doubt—(Cheers.) I noticed in the Address some difference, some little variation, from the terms of the Speech, though I was not able, from the hasty man ner in which the Noble Earl read the Address, to catch the precise terms of that variation. When there is no intention to call on Parliament for an expression of opi nion on any particular question, it has hitherto been customary, as a matter of form, that the Address shall be as close a copy as possible of: the Speech from the Throne. But the Speech proceeds to say that her Majesty "has great satisfaction in being able to inform us that the law has not been infringed ;" and, therefore. if the Address be an exact transcript of that, I cannot agree with it, because I believe that the law has been infringed, though not by the Bank.—(Cheers.) I will not now go into the merits of the law, as to whether it is only fitted for fair weather and incapable of standing a storm, or whether in certain cases some modification of its restrictions were not neces sary, which being so was in itself a condemnation of the law ; but the law prescribes that the Btnk, except a cer tain amount, shall not issue notes unless 'she has the bullion. In the present ease the Bank was brought so near that point that it was impossible to issue another note ; and that whereas, under ordinary management, the reserve ought to amount to 3,000,000/. or 4,000,000 L, the actual amount of the reserve was only 1,300,0001. or TALLow.—Prices have undergone little variation on the spot, since our last report ; on the part of holders there is however a desire to realise. The demand from the town and country trade has been good for im mediate consumption, still they are not inclined to hold large stocks, on account of the many parcels that are yet to arrive. For forward delivery the purchases mada have been of little moment, although there are sellers at 43s 6d to 43s 9d, up to the close of the year, and at 44s to 44s 6d for spring months. Home made met with a ready sale. In the value of other sorts of tallow there is little variation to report. l CANALS. i , .; 'Dividend Names of 'z'Dlr I a e n d Names of 2 . ). . ... i Price. ier p r i m Companies. A per Companies . A Annum. • 1 I or: 1 Annum. c X , £ Ishtn& Oldh 97 51.58. pC 70 Macclesfield. 100 - 15 Barnsley.. • .1160, 121. 180 Neath ••• • • • 100 201. 340 lrknk&Abrg 150 5/. 85 Oxford... •• • 100 2 0 1. 200 Birmingham' 35 41. 86 Peak Forest. 78 31. 40 Coventry .. • • 100 251. - Regent's ...• 33, 1/. 45. 18% lierbl• ••• • • , 160, 61. 63 Rochdale ... • 851 41. 54 Ells r re&Chs 133' 41. 54 Somrset Coal 1501 7/. 10s. 130 F.:e 0. ash .• . ,100 321. - Do.LkFd St 121 81. p. c. - tirandJunetn 100 51. 80 Stfird &Wore 140 281. 275 GrandSurrey , loo - 1 30 Shrewsbury- 1251 151. - ~.rand Union , loo 11. 105. 21% Stourbridge.. Grantham • • 'l5O 121. - Severn and? 145 201. 305 Kennt & Ant; 39 78. 6d. 5% Wye Rail. 26 11. 88. 30 Leeds& Livrplloo l 341. 505 Warwick& "I Leicester .. • • 140 101. 75 Bfrming. J I ° o 51 . 63 1 Leicstr &Nth 83 41. 36 Warwick/CI , Louqhborogh ,142 701. " 530 Napton.. J ' - 46 Monmouthshlloo 81. - Worestr &I 7 8 27. 41% Mntgemrysh 100 Si. - Birming..l MeltaMwbry 100 101. - Wilts & Brks 67 11. 10 I INSITILA.NCE COTKPILICIIES. 1 ' Dividend Amount Name of Company. per of Paid. Price. i Annum. Share. 1 £ s. d. 1 X s. d. Llbion •.--.• • • • • •• 3/. 10s. 500 0 0 50 0 0 75 Alliance Brit. and For. 6 per cent. 100 0 0 11 0 0 17% Ditt ) Marine. ••• • • • 61. per cent, 100 0 0 5 0 0 5 3% Atlas . - British Commercial - 7s• per share 50 0 0 5 8 0 6% Cleriel,Med.& Gen• Life 51. per cent. 100 0 0 10 0 0 20% C3nnty .............. 31. 100 0 0 10 0 0 - Crown 13s. 50 0 0 5 0 0 1l Eagle • - Eng.& Scot. Law - -5/. per cent. 50 0 0 212 6 - European Life •• -•• 5% per cent. 20 0 0 •11 paid. - FamilyEndowme t Soc. 41. & bs. 40 0 400 I - Freemasons' .•• • • • • 51. per cent. 20 0 0 3 0 0 - Globe - 123 Guardian ............ 51. per cent. 100 0 0 36 10 0 45 Imperial Fire ...• •• • • 12 per cent. 500 0 0 50 0 0 214 Imperial Life •••• • • •• 12s. 100 0 0 10 0 0 14% Indemnity Marine •• • • 11. sh. & la. 100 0 0 513 1 - Law Fire .. .. •• •• • ... - 100 0 0 210 0 3 Law life.. •• •••• • • .. 11. ss. 100 0 0 10 0 0 45 Legal and General Life - 50 0 0 2 0 0 - Linden Fire ........ 105. 25 0 0 12 10 0 13% London Skip • ... •• -10 s. 25 0 0 12 10 0 13% - 100 0 0 15 0 0 - Med. Invlid& Gen. Life 434/. per et. 50 0 0 20 0 2% , National Lean Fund.. 51. per cent. 20 0 0 210 0 - National Life. - Palladium Life.. ..... - 1 Pelf: an - - - 37 Priceaix • 31. p. et. & be. - - -- Pt otector Life.... - 54. per cent. 20 0 0 1 0 0 11. 31. Provident. Life ........ 11. ss. 100 0 0 10 0 0 - Rock Life..." •• •• • • 48. 5 0 0 010 0 4% Royal Exchange 5l. per cent. Stock. - - 3un Fire. . 61.105. - - - Litt& Life . • - - - Universal Life lO%l. pr cut, 100 0 0 810 0 - V iztoria Life • - - 4 0 0 - LIST OF SCOTTISE CODIPII.IITIES' PRICES. r Dividend Amount Name of Company. per of Paid. Price. Annum. Share. ---- - X s. d. X s. d Bank of Scotland British Linen Company 81. per cent. 100 0 0 100 0 0 200 Caledonian Bank City of Glasgow Bank Clydesdale Bank.• •• •• 61. per cent. 20 0 0 10 0 0 121108 Commercial Bank •• • • 71. per cent. 500 0 0 100 0 0 160 . Eastern Bank.. ••• . . . 61. per cent. 25 0 0 10 0 0 10% Edinb.& Glasgow Bank 6/. per cent. 5 0 0 5 0 0 61 Os Exchange Bnk of Scot. 61. per cent. 100 0 0 50 0 0 4934 Isle of Man. Company 71. per cent. 10 0 0 7 0 0 8% National Bank 6l. per cent. 50 0 0 10 0 0 13 North of Scotland Bank 71. per cent. 20 0 0 5 0 0 6% North British Bank *.• • - 50 0 0 10 0 0 6% Royal Bank of Scotland 61. per cent. 100 0 0 100 0 0 148 Unionßank of Scotland 81• per cent. 100 0 0 50 0 0 87 Western Bank- .. .• • • 81. per cent. 50 0 0 50 0 0 70 Aber.' een Fire and Life 121. per cent. 12 10 0 2 0 0 811.6 d. B. Accord. Life and Fire - 20 0 0 0 11 0 9s. British Guarantee Ins. - 10 0 0 1 0 0 12s. Caledonian Fire Insur. Ill• per cent. 100 0 0 10 0 0 22% Church of England Ins. - 60 0 6 2 0 6 2 City of Glasgow Life.. 51. per cent. 25 0 0 2 0 0 21. 8s Edinburgh Life Insur. Si. per cent. 100 0 0 12 10 0 18 East of Scotland Life - 10 0 0 0 15 0 12a. Eng. & Scot, Law Life 5/. per cent. 50 0 0 217 6 234 Elercules Insurance Co. 71. per cent. 100 0 0 10 0 0 12 Insur. Co. of Scetlnd - Si. per cont. 100 0 0 10 0 0 • Life Assoc. of Scotland Si. per cant. 10 0 0 1 0 0 11. 645 Mercantile Life . . - 10 0 0 •10 0 7s. National Fire and Life SI. per cent. 10 0 0 1 • 0 24s 6d North British Insur. North & West of Scot - 10 0 0 1 0 0 11. la Scottish Life and Guar - 20 0 0 011 0 , % Scot. Alas. and Gen. Life 5/. per cent. 1 0 0 015 0 138. 6,1 Scottish Union Inarnes. 6%1. pr cent. 20 0 0 1 0 0 ; 11. 3s StanJaid Life ...... . 51. per cent. 50 0 0 4 5 0 I 9% United Dep. Assurance 51. per cent. 10 0 0 1 0 0 : 13s. IMPERIAL PARLIAMENT. ROUSE OF LORDS, Nov. 23. The Imperial Parliament was this day opened by Commission for the dispatch of business, with the usual formalities. The hour appointed for the Com mission was two o'clock, but as early as 12 o'clock the usual search was made by the officers of the Lord Chamberlain under the House of Lords, in order to guard their Lordships from the danger of another Gunpowder Plot. The proceedings consequent upon the opening of the Parliament attracted compara• tively little interest, partly in consequence of its being known for some days past that it was not the intention of her Majesty to open the House in person and partly from the un favourable state of the weather. When the galleries of the House of Lords were opened at one o'clock there was a very fair sprinkling of ladies on the back benches of both sides of the House. The scene was by no means so brilliant as on the occasions when her Majesty comes down to the House in state. The greater portion of the ladies wore bonnets, and with the exception of the Commissioners, who were in their state robes, all the Peers present were in plain dresses. Among the earliest arrivals were the Duke of Wellington and the Marquis of Londonderry. The Earl of Sheffield having been chosen Speaker pre tem., prayers were read by the Bishop of Roches ter, after which several Peers took the oaths, among whom we noticed the Earl of Warwick, the Earl of Zetland, &c. The' Bishops present were the Bishop of Durham, the Bishop of Rochester, and the Bishop of Asaph. Shortly after two o'clock the Marquis of Lans downe, the Marquis of Clanricarde, Earl Spencer, the Earl of Auckland, and Lord Campbell, took their seats as Lords Commissioners, when The Marquis of LANSDOWNE commanded the Usher of the Black Rod to summons the Commons to the bar. In a few minutes the Speaker, attended by a large body of Members, appeared at the bar, when The Marquis of LANSDOWNE read her Ma jesty's most gracious Speech, as follows : Mr LORDS AND GENTLEMEN, Her Majesty has ordered us to declare to you the causes which have induced her to call Parliament together at the present time. Her Majesty has sees with great concern the distress which has for some time prevailed among the commercial classes. The embarrassments of trade were at one period aggravated by so general a feeling of distrust and of alarm, that her Majesty, for the purpose of restoring con fidence, authorised her Ministers to recommend to the directors of the Bank of England a course of proceeding suited to such an emergency. This course might have led to an infringement of the 2W . Her Majesty has great satisfaction in being able to inform you that the law has not been infringed; that the alarm has subsided, and that the pressure on the banking and commercial interests has been miti gated. The abundant harvest with which this country has been blessed, has alleviated the evils whinh always accompany a want of employment in the manufac turing districts. Her Majesty has, however, to lament the recur rence of severe distress in Ireland, owing to the scarcity of the usual food of the people. Her Majesty trusts that this distress will be materially relieved by the exertions which have been made to carry into effect the law of last session for the support of the destitute poor. Her Majesty has learnt with satisfaction that landed proprietors have taken advantage of the means placcd at their dis posal, by the liberality of Parliament, for the im provement of land. Her Majesty laments that in some counties of Ireland atrocious crimes have been committed, and a spirit of insubordination has manifested itself leading to an organized resistance to legal rights. The Lord Lieutenant has employed with vigour and energy the means which the law places at his disposal to detect offenders, and to prevent the repetition of offences. Her Majesty feels it, however, to be her duty to her peace able and well-disposed subjects to ask the assistance of Parliament in taking further precau tions against the perpetration of crime in certain counties and districts of Ireland. Her Majesty views with the deepest anxiety and interest the present condition of Ireland, and she recommends to the consideration of Parliament measures, which, with clue regard to the rights of property, may advance the social condition of the people, and tend to the permanent improvement of that part of the United Kingdom. Her Majesty has seen with great concern the breaking out of civil war in Switzerland. Her Majesty is in communication with her allies on this subject, and has expressed her readi ness to use, in concert with them, her friendly in fluence for the purpose of restoring to the Swiss Confederation the blessings of peace. Her Majesty looks with confidence to the maintenance of the general peace of Europe. Her Majesty has concluded with the Republic of the Equator a Treaty for the Suppression of the Slave Trade. Her Majesty has given directions that this treaty should be laid before you., GENTLEMEN OF THE HOUSE OF COMMONS, Her Majesty has given directions that the Esti mates for the next year should be prepared for the purpose of being laid before you. They will be framed with a careful regard to the exigencies of the public service. Mr LORDS AND GENTLEMEN, Her Majesty recommends to the consideration of Parliament the laws which regulate the naviga tion of the United Kingdom, with a view to ascertain whether any changes can be adopted which, without danger to our maritime strength, may promote the commercial and colonial interests of the empire. Her Majesty has thought proper to appoint a Commission to report on the best means of improving the health of the metropolis, and her Majesty re commends to your earnest attention such measures as will be laid before you relating to the public health. Her Majesty has deeply sympathised with the sufferings which afflict the labouring classes in the manufacturing districts of Great Britain, and in many parts of Ireland ; and her Majesty has observed with admiration the patience with which these sufferings have been generally borne. The distress which has prevailed among the commercial classes has affected many important branches of the revenue. But her Majesty trusts that the time is not distant when, under the blessing of Divine Providence, the commerce and industry of the United Kingdom will have resumed their wonted activity. At the conclusion of the reading of the Speech the Speaker and the Commons retired, and the Lords • Commissioners having left their seats, the swearing in of Peers was again proceeded with. 1,400,000/. At this time the commercial pressure was at the greatest, and from the knowledge that under the ope ration of the Bank Charter Act it would be necessary for the Bank to suspend its issues, and anticipating that she wou ld b e unable to give further ac commodation, the private banks and many large houses hoarded up in their coffers a far greater amount of bullion to meet the coming pressure than would have been ordinarily required. Thus, in the coffers of the private banks, and in other private hands bringing throughout England, there was a large amount of bul lion lo c k e d up b y t h e i n di rec t operation of the Bank Charter Act, and the panic prevented any man from it out except for his own necessities. At the same time gold was com ing in; that is, the Bank had reason to exp ec t t h at go ld would come in. And yet, under the str i ngent l aw o f 1844, the Bank of England was unable to issue notes, though 8,000,0001. of gold lay untouched in their coff!rs.—(llear, hear.) These were the circumstances under which her Majesty's Go vernment, wisely, and I give them credit for so doing, interfered.—(Hear, hear.) In the first place, with laudable intention to prevent undue issues and lavish accommodation, and distrusting. the pru dence of the Bank, the Government, though it autho rised the Back to increase the accommodation at the risk of violating the law, imposed au invidious and un worthy condition. The Government, under their hand and seal, under the signature, I believe, of the Primo I.itaister and of the Chancellor of the Exchequer, au land, where if, at this moment, you were to take every shilling of the rent—nay, even the fee simple of the district itself—it would not be sufficient to maintain its poor.—(flear, hear.) And, my Lords, you must not tail to remember, also, that there are places where those very landlord, on whom you so loudly call to maintain the poor around them, to give work and employment to the people, and even to borrow money to enable them to effect these desirable objects, are themselves rendered absolutely penniless by the prevalence of an organized conspiracy to resist the payment of their rents.—(l - lear, hear, from all parts of the House.) My Lords, I am not myself in a distressed—at least, comparatively—l am not in a distressed part of Ireland ; awl though I believe I have as good a set of tenantry as most proprie tors in Ireland, and have been ready, when it has been thorised the Bank of England to violate the law on their ' responsibility, by issuing a lar4er amount of notes than they were able under the Bank Charter; at the same time, imposing a condition, in the first place unconsti tutional, and iu the next, of a chart , cter wholly no wwhy of a great country, or of the Government of a great country—(Cheers)—!Or the purpose of getting usurious interest on all accommodation.—(Cheers.) This was neutralising with one hand the boon you held out with the other to the commercial sufferers from your Bank Charter.—(Cheers.) This was unconstitutional, because it was intended to raise money on the subject, not only without the express consent of Parliament, but in direct contradiction to the law. It was an wholly un- necessary to make abatement, the rents being generally punctually and fairly paid, yet such was the expendi ture to which I was subjected by the state of Ireland, that, during the last half year, I did not receive one shilling from my property in that country.—(Bear.) I am speaking now of a comparatively comfortable, and of a well-disposed body of tenantry ; let me, then, ask your Lordships what must be the state of those land lords whose sole resources consist of rent derived from an impoverished tenantry ?—(Hear, hear)—and who are, nevertheless, called upon to perform all the duties of property ?—(Hear, hear.) My Lords, it is a sense of the duties that are demanded of them, and not a feeling of self•interest, that maintains such men at their posts under circumstarcrs such as these—(cheers) that maintains them at their goats though even at the THE SUN, LONDON, WEDNESDAY kVENING, NOVEMBER 24 . 1847. risk of their lives.—(Hear, hear.) Mies, then, my Lards, I sneak of the state os Ireland, I saes that I an justified in repeating. that such a cendition is weree thee a state of civil war.—(Hear, hoer.) Preadlul, as en questionably it would be, to enlisted its the ranks against a nation of one's countrymen, still, such a eentest is an open struggle, and yen meet your enemies though those enemies are Toth. countrymen with arms in your hands.—(Hear, hear.) But now the Lest landlords—those who have expended both time, labeur, and wealth in certain parts of Ireland—those who have sacrificed everything, and abandoned all the comforts of civilised life, in order to do their duty by their tenantry and dependents—these very men are Low—nay, I could name Members of this House who are in this position— (Hear, hear)—prisoners in their own houses—(Hear, hear) —and driven to the necessity of fortifying their houses and gardens—(Hear, hear)—with the knowledge circulated through the whole surrounding country that their names are down upon a " black list," end that they are marked out for assassination.—(Hear, hear.) And yet, my Lords, they remain at their posts—they are not deterred—(Cheers)—they still remain, and endeavour to do their duty, whilst they enlist, I trust, the sympathy of your Lordships aead of their country.—(Cheers.) They see their neighbours cut off by the hand of the assassin, and they wait till that slow but certain hand against which there is no protection, shall come upon themselves when unguarded, unassissed, and unprotected, or, if protected, protected by the daily presence and espionage of the police—(Hear, hear)—and this, perhaps, at the very moment they arc on their way to the board of guardians, or engaged in some other duty cornected with the relief and assistance of their fellow country men. One by one they fall victims to the assassin's blow —a blow of which they have been publicly forewarned —and this, too, in some cases, in the bosom of their families, and, perhaps, as in a recent unhappy instance in the very arms of their wives, in the °den day, and with the full knowledge of the connivance of half the county in which they live.—(dear, hear.) Thus is it that these men are, to the disgrace of a civilised c, en try, cut off by the hand of the assassin; and this, my Lords, is 0 e state of things with which you have to deal in Ireland.—(Hear, hear.) This country (Eng land) has no doubt been disgraced by many and great crimes; but here the sympathy of the whole country is ever in favour of the victim of assassination.—(Cheers.) The whole country is awake to vindicate the law, and, at all events, to bring the vengeance of the law to the punishment of the perpetrators of such nefarious actions. But one feeling prevails—a desire to vindicate the law, and to secure the punishment and repression o. outrageous crime. But, my Lords, this is not the cash in Ireland.—(Hear, hear.) There, throughout thr whole country—whether from timidity or same cube, cause—no hand is raised to stay the assassin's blow— (Hear, hear)—and, worse then that, after the blow i: struck, no voice is raised to dsnounce the assassin— or, if a voice be raised, it is at the peril of hini that shall dare to raise it.—(Hear, hear.) My Lords, in Ireland it is safer to violate than to oboe the law.—(Hear, hear.) But, my Lords, I now ap proach a far more painful and serious question than ever this. And here let me add that I hope I shall be for given for entering upon these painful details, forced upon me as they are by the present lamentable circutn stances of Ireland, and referred to, es those circumstances are, in the Speech from the Throne, and particularly at L period when I feel there is no subject that more irnpera tively demands the immediate attention of Parliami nt. or which Parliament would be more fully justified in legislating upon.—Ofear, hear,) I speak, my Lords, with all respect of the Roman Catholic clergy. I be lieve that it they are not all men of education, yet that they are all pious and indefatigable in the discharge se their religious duties, that they are devoted to their flocks, and that they spare no pains, time, or trouble is, the performance of those duties the discharge of which they believe to be incumbent upon them. But, my Lords, whilst I say this, I must not conceal—it would be a crime to do so—that however much the Roman Ca tholic clergy, as a body, are desirous of suppressing offences, they do not, as a body, lend themselves to the support of the law.—(Hear, hear.) I believe there is a rivalry of authority, in regard to criminal offences in Ireland, between the Roman Catholic clergy and the law.—(Hear, hear.) I believe that the system of confession to the elegy in Ireland, and the sacred ness in which that confession is held, is carried to a degree that is dangerous to constitutional government. and to the peace of the country.—(Loud cheers.) The secrets of the guilty man are confided to the Roman Catholic clergy at confession. Now, I have heard many denunciations of informers in Ireland, and informers in Ireland are all men who are the means of bringing offenders to justice in that country ; yet, though I have heard these denunciations without end, I have never heard of any recommendations having been either pub licly or privately given —either in pastoral letters, or in private communications, or yet in the chapels of God— of the duty of every member of the community not only to abstain from crime himself, but also to de nounce to the authorities those he may know to have been guilty of premeditated crime. —(Loud cheering.) Among all the merits of the Roman Catholic clergy —merits which Iby no means deny—l do not find that they recommend and enforce, as a solemn duty, the denunciation of crime which they know to be pre meditated, and of those who may have afterwards perpetrated it.—(Hear, hear.) I must say that, in the recent instances, accounts of which I have seen, there have been addressed to a perhaps too excitable peasantry such denunciations of individuals as could hardly fail to stimulate the people to acts of violence— (Elear)—and, in one recent and most melancholy case, the assassination followed but two days after the priest had asked, and from the altar, whether " such a man deserved to live?"—(Hear, hear.) Her Majesty's Speech holds out the expectation that some measures may be asked for, on the subject of crime in Ireland; and I will say for myself, and I am sure I may say for my Noble Friends near me, and in the name of England, of hu manity, and of civilisation, let those measures, what ever they may be, be effectual, and let them be prompt. —(Cheers.) Do not let any fear of loss of support — any apprehension of being taxed with inconsistency, or being accused of acting in opposition to theories of con stitutional government—let not any such considerations sway you against doing that which you may feel to be your duty on this subject.—(Hear, hear.) Throw yourselves upon the generosity of the country, and the justice of Parliament, and believe that you will re ceive from us no unworthy or ungenerous taunts—no hesitating or ambiguous support.—(Cheers.) You (the Government) are responsible for the security of life and property, and life and property are above all constitu tional theories; they are the foundation arid basis of all constitutional rights, and you are the Ministers that are charged to maintain them.—(Hear.) Demand of the Irish landlords what sacrifices you will—see that they do their duty—compel them to do it, if you will; but, in God's name, let them be protected, and their helpless dependents.—(Loud cheers.) I well remember, my Lords, that, many years ago, and in another place, I was almost cried down for giving utterance to an opinion which I entertain now as strongiy as I entertained then, that " the law in Ireland must be feared before it can be loved"—(Cheers)—it must be looked up to for protection, and as a check to the designs and climes of ill-disposed men.—(Cheers.) To you, then, are the lives and properties of your fellow -countrymen confided. I give the Lord Lieutenant of Ireland my cordial weed of praise, and feel that he has done all that he could do, and acted to the fullest t xient that the law allows him—that he has executed the law with vigour and fidelity--(Hear, h ear )—b ut t h e more firmlite'and vigour he has shown, the more manifest is the proui: that the present law is not sufficient—(Hear, hear)—that further powers are required—(Hear, hear)—anti it is upon you, the Government, that the responsibility rests of asking for those powers. Anti I will not believe, my Lords, Mat this House or the other—that the represen tives of the people,whose prime object ought to t e the pro tection of the people, the preservation of property from destruction and life from a-sassination ---I will not be lieve that either in this, or in the other House of Par liament, you will find any resistance against granting you such further powers as, upon your own responsibi lity, you may come forward and prove to be necessary. --(Loud cheers.) Lord Grey was as consistent a Whig as any Noble Lord whom I see on the opposite side, and he did not hesitate a moment to ask Parliament for full and sufficient powers; and I trust, too, that you will not fail to do the same, and that you will not hesitate to ask for such measures as you feel to be requisite to arrest this " reign of terror" in Ireland— for such it is—(llear)—and s') to savo the people of Ire land from a contingency I will not imagine possible to arise. —(Hear, hear.) My Lords, the subject on which I have just been speaking is one of so great importance _ . that I hardly know how To refer to other and less impor tant topics of her Majesty's Speech. I confess that, on ' the subject of our foreign relations, I thought that some allusion would have been made to the war now carried on in Mexico by the United States—(Hear, hear)—and, with reference to interference in the internal affairs of other countries, I advise her Majesty's Government to interfere in such matters as little as possible. You did interfere last year in the affairs of Portugal. I then took occasion to remonstrate against that interference, but that remonstrance was disregarded. You said that the civil war in Portugal was at an end, and you un dertook to guarantee the performance of certain condi tions you then made with Portugal ; and I now ask you if you have been able to fulfil those conditions ? and whether the Sovereign of Portugal has implicitly followed the advice of those by whom alone her throne could be saved, or whether the result is not this, that whereas you have undertaken the anomalous duty of " Minister of the Interior" in, Portugal, after a system of intrigue, of violence, and corruption of the Cortes, you now see the restoration to office, and that under 1 1 British influence, superintendence, and surveillance, ut that very Minister whose arbitrary cetnluct had been the cause of the late rebellion against the throne and Go vernment of Portugal?—(Cheers.) I say nothing more on this subject: if the Portuguese accept that Mi sister, in God's name let him be Minister; but this I t ill say, in respect of interference in the affairs of foreign coun tries, that I protest against this country undertaking tasks that she cannot perform, and of which the results must inevitably be such, as in the case I have referred to they have been in Portugal. After a few words on the subject of the civil war in Se iozerland, which se could not hear, the Noble Lord ,aid—Bu.-, my Lords, I hold the affairs in Switzerland to be of infinitely , less importance than that struggle between antago nistic principles now going on in Italy—(llear, hear) —and at the head of which, on one side, is a most enlightened sovereign, thoug h one most arbitrary t in religious matters—(llears and a laugh )—that revo lution in Italy, which n earl y threatens the existence of the balance of power in Europe. I know not what the Government are doing on this subject ; all I hope is, that they are altogether abstaining from med dling with it.—(`sear, hear.) I think, however, on the occasion of an extraordinary, assembling of Parliament, it might have been decorous to have made some refe rence to this matter; • a nd I only hope there is no truth . in the report that a raeuther_of her 11ajestie Govern- DOMES. Dividend Amount Name of Company. per of Paid. Price. Annum. Share. £ s. d. £ s. d. , !ommercial .. .. East and West India 6l. pr cent. Stock. 118 East Country Candor . 5l. pr cent. Stock. 98 Ditto 80nd5........ 41. per cent. St. Katharine ...• •• • • 5 per cent. Stock. 81 Ditto Bonds •• • Southampton ••.•• • .. 21. per cent. 50 0 0 0 0 0 , WALTER—WO liXB Dividend Amount Name of Company. per of Paid. Price. Annum. Share. , Birmingham .•••• • • • • 18s. 25 0 0 26 0 0 East London..• •••• • • • el. 100 0 0 170 tlrand Junction ••• • .. 21. 105. 41 13 4 90 az. 100 0 0 New Rill' Lndu Brdge i 2/. 10s. 60 Vauxhall ............ 100 0 0 West Middlesex . . . 51.15a.prent. 63 12 9 115 MARKET INTELLIGENCE t,From the London New Price Current of Nov. 23.) SUGAR.—To day there was rather more demand for Raw Sugar for home consumption, but on the part of exporters little desire was manifested to operate; mer chants were disposed to sell upon previous reduced rates, and offered a fair quantity for sale. The demand was steady for West India, but holders were inclined to sell all sorts at former rates. The purchases were 570 hhds and tres, including a public sale of 147 hhds of Barbadoes, which went off quietly at a decline on former rates of per cwt. EAST INDIA.—This afternoon white Bengal met with attention at the public sales, and fetched full rates, but strong yellow, soft, and brown sorts were only in mode rate demand, and prices slightly gave way. The whole offered, however, sold, and amounted to 3,849 bags. REFINED.—To-day refined goods met with a dull sale for home consumption, and prices further gave way —Standard lumps selling at 535, and brown grocery .51s 6d to 525. Banded crused Sugar is wanted, but little is to be had, and the rates asked are 31s to 31s 6d for first sort. FOREIGN.—On the part of holders of Foreign Sugar there is less firmness, and they having supplied the market more freely, previous rates are not sustained. The demand for all purposes has fallen off, although there are sellers by private treaty at prices 6d per cwt under those that existed previously. From the home trade the demand has been limited for all sort,', on the part of exporters little desire has been manifested to operate, and few purchases have been made by our refiners working under bond. The public sales went off quietly, but the whole of the suglr offered found buyers; 1,383 boxes of yellow Havannah went 6d to is under former rates. MAURITIUS.—This afternoon the market was in a quiet state, but 3,017 bags at auction sold at previous rates. COFFEE. —This afternoon the market was better sup plied with M oc h a C offee ; the trade operated with eat&on, and 299 bales at public auction were nearly all taken in 2s to 3s under former rates. Native Ceylon met with attention, and 970 bags were all disposed of at the full worth. Plantation was less in demand, and 681 bags 18 casks were only in part disposed of at lower rates. TEA.—The market is yet plentifully supplied with all descriptions of Tea, and holders are pressing sales, not withstanding the losses they are sustaining upon importation, and which amounts to 3d on black, 6d on green, and 8d per lb on Pekoe Teas. For Green the market is in a dull state, and prices con tinue to recede for all sorts. Although Pekoe Teas can be obtained upon low terms, still the amount of business concluded has been of little moment, and there is a plen tiful supply. Of 4,600 packages offered at public sale, only 1,600 were sold, at prices in favour of buyers. RicE.—To day exporters and the home trade were little disposed to operate in East India Rice, and 2,916 bags of Madras, at auction, were nearly all taken in 6d to is under former rates. FRUIT. —The market is abundantly supplied, and on the part of merchants there is a desire to sell, and prices aperioV is ofthneot so ex }ear,aparticetehnlossiuvgeh of din con sequence have s u ff ere d a f urt h er d epress i on. Th e For this public sal e l arge F a sp r u r isi i et usually s are r ud rule t l mh a reo case, rsaet, e a t SPIRITS. —To-day the marketßum had pearanc e ,for a firm ap and a good b paid were id above those was concluded ; the rates Leewards selling at Is g e d that existed previously—proof 38 per cent over proof to Is 10d, and Jamaica 28 to 599 hhds of East India sold 3s 6d to 4s. Gd. At public sale fair brown. at is ad proof strength for COCHINEAL.—A. more fav o u tamed towards this article, andraari-OPiaien is enter has taken place. The parcels offeresde a i t n the value of Id all sold, and amounted to 2a9 bags, public sa l e were SPICES.—This afternoon Mace met with little atten tion, and 14 chests of Penang at publi c auction were all taken in at 2s Ild to 3s for good, and 2s 10c1 for mid riling. Pepper was in brisker request, and 898 bags Malabar at auc tion were . till sold at full rite 3. - • Fish oilB continues on ' the in 022,—The 6 tock of ment and Cehinet (Lord Minto), now on a journey eithiar of, pleasure or basin s., has taken a part, either one. way or the oth r, and I trust that h e has not express ed his own opinion, or said anything which can be con strtn,d into the .pinion of his Government in regard to the independence of Italy. My Lords, it appears that her Majesty has concluded with the Republic of the aniator a treaty for the suppression of the slave trade But, my Lords, I really was not aware that that Re public had any shipping or any port vvhateve— (Laughter.) 1 doubt not, however, that the Noble Lord in the other House of Parliament (Viscount Palmerston) and that Noble Marquis in this, will lay this important treaty on the table.—(A laugh.) This is not, at all events, my Lords, what Parliament was called together fur. With respect to the suppression of the slave trade, I do not say that the Acts which you have passed for the importation of slave-grown sugar, and the en couragement you have thus 'given to the slave have not raised the price of slaves, and given a greater stimulus to the traffic• and if I had to choose between the restoration of the slave trade and the withdrawal of ell your squadron of cruisers from the coast of Africa on Lim one hand, and on the other, t h e ma intenance of y our resent system of cruisers, and the eneoura,gemcnt pay ia have given to the importation of slave g rown sugar, I s that the far more effective, and far more innocent of the two, would be the withdrawal of y ou r ships and th e res toration of theslave trade.—(llcar, hear.) This brings mu to another topic, and a most important one, involving rine of the great causes of the distress alluded to in her Majesty's Speech. That distress may have been aggro' rated from imprudence on the part of certain pereons, Ind from undue speculation, but there i s not one who will get up and say that the last blow to the prosperity of the great interests involved—the last blow which brought down the great mercantile houses connected with the colonial mear trade—was that Act, not y et wholly consummated, by which you placed upon an equality, with all other things dlferent, your ow ll sugar-growing colonies with these countries whien appear as their rivals in the market, and whose pro once is the result of slave labour. (Cheers) read the other day, and I tell your Lordship I dal s . o with the greatest pain, the speech delivered by Sir George Grey to the Legislatire Chambers of Jainain• Speaking in the name of the Government whomhens r e ; presented, and speaking, too, I am persuade d, a g e s own convictions, and with ruin staring in the face n' those who listened to him, he told the Chambers it sf could not be expected that, when protection was with arawn from corn, it could be maintained for sag a Well, the next thing the West India interests sa y . f ! :hey say it with some reason—l do not complain el it is a link of the chain which has been forge d in °di° eountre —if, say they, we are to be protected by n° vantage in the markets of England, if our produce is t c c ; receive no favour, if no consideration is to be eXtende 113 for the difficulties aitd obstructions which ha ve been thrown in our way by the Imperial Leg which do not exist in the way of our rivals, at All eve nts do not subject us to further difficulties and obstructions; Let us send our produce in the cheapest ships, an d the lowest rates. It has been said that becate.s! protection was withdrawn from corn, therefore it toe! to be withdrawn from sugar. I entirely differ from thi s view. It may be said, if protection is withdrawn Ir.ee, one class—if, under the operation of free trade.,r'e, principle of buying in the cheapest market and setu:. L e gislatur e, in the dearest is to be paramount, casting asid e 8:11 con in siderations of national interests and honour—if. 'n o - 10 , lownward course, it be an object to reduce prices.t lowest pass, then protection ought to be suicidal from all other interests. I differ Irons such so policy in the case of a country whose proper*" is largely dependent upon its colonial possessions, iti whose maritime commerce operates as a nurs er y fi c rhoW navy. If such policy is to be adopted, if we are t w e before the levelling principle of free trade, then Eve vi a a must submit to become an inferior and second-rate Pe among the nations of the world. If we are not prepca-e,_ to submit to this, then, instead of extending the prin 1 1; which has proved so disastrous in its effects, let us pause before it is too late; let us retrace our steps ia, ehe dangerous path upon which we have entered. J. of the country, deficiency and d e m th e e ans ooo o e f ss m it e y et o i f ng fo t r h t e he e r x p enditure being provided for, owing to causes arising un der o present state of things, has also been broughtttnae; notice of the House. (His Lordship here quoted .13,!, portion of the Speech which expressed her gojesqf hope that under the blessing of Providence proselern'Y trY would soon be restored.) If it be desirable that inel eue should again be prosperous, the course of pol lo 9 a n d it fated to secure it must first be adopted. I have hear reported, but I trust that report will prove to be er a . expen d f i t t ugs neous, that a desperate attempt will be made to agg..,, vate the pressure which at present exists in the cotern2i4 by increasing the amount of direct taxation. 15 T hope stated that the income-tax is to be increased. e roe that such is not the intention of her MajestY's G n r u el went, and that the attempt to impose any burden at such a time as the present will be resistee•ee! trust a sounder policy will be adopted to raise „tin; necessary revenue. I trust you will not think yourselol wiser than all the rest of the world, and that if , (1 ciency in the means of meeting the exigencies or the country has to be provided for—and God forbid that; should be a party to advise the placing of any impende ment in the way of this country meeting every deg: l ',. er which may be made upon her for the maintenance of such additly. a credit, ndae o t rbtyha the sound, oe o ul t : h gd e :rt legitimate e ea g ts i ee t ns sensible, ,s p to u hr r e p d o ou s l d e t ts t hu h e e p otidnnai n3egrepsrao: adopted rweivllet b e principle of extending direct taxation will be avoid e d , r s e y s s o t r e t m e d o f t oraii n sin p g re a fe c r o e n n s c i e d . erable portion of your ergs The Noble (Great cheeritig.) Lord concluded by stating did ' l3 ° that he wish on that • occasion to adopt any course calculated "' disturb unanimity on the subject of the address to presented to her Majesty in reply to the address fre e ist the Throne. He did not wish to disturb the unaniln eg e ',. assurance that such measures as were submitted by Pe; Majesty's Government should receive the dutifu l an d respectful attention of the House. For himself h e cou e '. say that all measures ,which had for their object toe preservation of order and the restoration of prosperity to the country should receive as warm a support fr°l3; him as though he had his seat on the oppos i t e side of ta_ i House. (His Lordship resumed his seat ami dst loud 11..15' long-continued cheering.) eferen ce The Marquis of LANSDOWNE said, wi th r $ the course which the Government had ta ken to ale the evils consequent upon the monetary pre ssure, ~ Noble Lord seemed to think that a Bill of lode:anMt:e must, of necessity, be brought forward for the protee of her Majesty's Ministers. But on what h ad he foe his opinion? He had stated that there h ad been os ti yai ere e; lotion on the part of the Bank, and, nevertheless: Go' had been a vi o lation on the part of her MaiesetYi e .r aa ed vernment. The whole argument of the Nov fact. rested oh a word which word had no foundation w order Her Majesty's Ministers claimed no authority reason' and direct the Bank, and the Bank took the_ ted that sibility upon itself. But the Noble Lord admit _ ea, of the course had been taken in consequence of a s _pl,. , x 0 commercial distress, such as was vrithout a par _How] say (the Marquis of Lansdowne) was not p . rep d hasdreonly been that, if the distress had not lasted —if it 1 h must follow ove r " the cause of that inconvenience which 's Minister s speculation—that in such a case , her AajY est such a c ourse, would not have been justified in taking f the last few fur he need not tell them that th e events of the w hich n° months had disclosed a state of insolvency _ was ees Government could provide. The Noble Loret go , ist quite right in his statement that the amount. of sum lu o f the Bank had been reduced so low as h tdethat tbe 1,300,0001. Ile could assure the Noble, ~or reduced lowest amount to which the rese rve had been was 1,600,01)0/ been down Lord ASHBURTON thought t hat it had as low as 1,100, 00t /. d the state The Marquis of LA NSDOWNE believe _, u the went to be incorrect. Returning t o the question it Government's advice) to the Bank , h is Lordship, _l_:een was a fact that from the instant that advice IvoOr" the panic began to subside. A combination bad placed stances, which were never heard of before, d b e en the interests of the country in jeopardy, bu t ha With removed by prompt and-efficacious assistance. sked if regard to the distress in Ire l a nd, his LordshiP a of gbe the Noble Lord (Lord Stanley) knew that one_ a objects of free trade in corn was to-provide for th,cuvor'an tingeney of a famine by encouraging the growth of corn c p s , in foreign countries? and as for the origin of th a eus ed tress, the Noble Lord must be aware that it was t e d ' en ly by the destruction of the potato crop. This cout corns be provided for by the increased importation of T er ' and he believed, under those circumstances, that_ne_ abase' son could with justice support the continuance of f o l e k ei ,„ hibitory law. His Lordship then referred to Ceded oriel eations made by the Noble Lord who had preaeB.irs Upon the policy of Government interference in the, ta ken of Portugal, .believing that the Government hoc! : w e that course in order to prevent the military inte m e r g e of' foreign powers, which would necessary lead ,I.,ing calamity. His Lordship concluded by brieflf a n t he to the subject of the treaty with the republic of Equador for the suppression of the slave trait ° toti lie conceived was only in accordance with tut. ever l slavery principles which it was to the interest rhea nation to adopt, and which should be equally ea • out in places of greater or less importance. f th e Lord ASHBURTON understood that one e e L eis chief objects in calling Parliament together b fee a ..., for of the year was to pass a Bill of inderolne'leoed, certain things which the Government had reeonan nts of The Royal Speech stated that " the embsrrassol:ersi trade were at one period aggravated- by , SO g e 7 or the feeling of distrust and alarm, that her MejestY , purpose of restoring confidence, authori.ted CO o f ters to recommend to the Bank of England , f ish oou reA proceeding suited to such an emergency. Tr yc. o might have led to an infringement or the . n d ho, ever, appeared from the speech of his Now nip of that not only did the Government require no ..; ter in • - n to o' ee e indemnity, but that it was not their intentio ter ea"' any way the Act of 1844—the Bank Choi, ee i, elise Now, if that Act had not been the cause of all tress which had existed, it had greatly othe rwis e "gg ra3 and made that a serious calamity which distress. would have been attended with but little or no eho old —(Bear, hear.) It was well that the countery,oorne enders; and that it was not the intention of th ' be jo ist snot to interfere at all with that Act ; and • to red Ir ' say he hoped, if such intention was perseve et, be sense of l'a,rliament would be taken on the sill-vc .bar cause h e was sure that if one opinion more than.. , 1 :, was general in the country, it was that a ascrinws cmeni er ' the Bank Charter Act all the evils which the did not cial world had suffee(llear, hear.) Il e • s the t r e el v. s mean to apply any blame to Sir Holier einciple direct author of that Act, for it involved Pi A . - 50 g. a ciou! which, when they came to be tested, the ino e ys 4 i f b e ar.) !eight find they had been mistaken upon.---(oea t t ees Of l ated p It was a great experiment—a most compic t oe., d been A machinery; but when that experiment ha indee d , and had most signally failed, it was blindlise%e h ed that not to see the result.—(Hea,r, hear.) ll° which the no former pressure had been equal to that ,flic ,poSe country bad experienced during theies,t