The Express.
London, England, 1847-04-19 00:00:00

THE EXPRESS, MONDAY EVENING, APRIL 19, 1847.

THE QUERN O. FELLOWS'. REX USU. TO GRANT ♦
WRIT OP CERTIORAMI POLL REMOVING AN INDIC:INERT
FROM ill X CIiNTLIAL CRIMINAL CJERT —Mr. E lain
James applied for a rule to show cause why a writ
of ce I MOTRYi alet, Id not issue for removing into
this court from the Central Criminal Court four
indictments iutainst a gentleman, named F.llowes the
prosecutors were the Lord Mayor, Aldermen, and Common
Council of London, and the Aldermen were judges of the
Central Criminal Court. Waiving that reason, however, he
relied on the (sets. The defendant had been deputy of the
late Alderman Ansley, as receiver of the tonnrge dues on
wine, which constitute a fund called the orphan fund. On
the death of the alderman a charge of malversation had Lieu
made against the defendant, who had been aoquitted, and in
the year 1844 re-appointed. In the year 1846 anoth4r ch •rge
was made, and rel, reed to a committee to investigate. Sod-
denly the investigation was closed and these indictments p: e-
(erred. New the supposed malveraition was, the neglect to
account for certain moneys deposited by merchants in his
hands by way of security for the dues, never demanded hack,
and, according to invariable custom, treated as perquisites of
the office of receiver. If they were perquisite a, this gentle-
man had a right to them; if they were not perquisites, he
held them as trustee for the depositors. It was thereto!e
meat material for him to have a copy of the indictment.,
which he could only obtain by their removal into this cony,
Lord Denman said there was no Remind for the rule. There
might be a hardship if the defendant slid not obtain copies of
the indictments; but he thought that the City auth
would gins copies ow hearing that this court recommended
them to do so, and if they did net, a judge would grant them
on being applied to, and postpone the trial, if necessary.
The rule, therefore, must be refused.

YATIN V. IMPLR— AN PART OF THE FURCHANEMONET
PAID FOR TRE GOODWILL AND STOCK OF A BUNINEBB,
♦PTIRWARDS COLD MT TH2 VENDOR ON FAILURE TO PAT
TAR RRMAINOER, BE RECOVERED AFTER POSSESSIoN
TAKEN ST TUR PURCHAVER 3.-11.1 r. Knowles, Q.O , moved
far a rule to show cause why the non-suit in this c.a., srbielt
wee tried at Liverpool, before Mr. Baron Rolfe, at the hut
should not be set aside, and a verdict entered kw the
plaintiff, for the sum of 1501. or of 1701. The action was fur
money laud and received under the following circumstances
The defendant being, in the year 1845, the owner of a druggist's
shop at Liverpool, the plaintiff agreed to purchase the good-
will and stock of it for 3001., and to pay 201. as deposit, and
the remainder on or before the 20th of July. The deposit
was paid down ; on the 4th of August a further sum of 1501.
was paid ; but the plaintiff, who had taken an active part in
the business fur about a fortnight, and had received about
forty shillings over the counter, was unable to raise the re-
mainder. At the commencement of September, the defend-
ant gave the plaintiff notice that it he did not pay the re-
mainder of the purchase money by the 12th of September,
the stock and goodwill should be sold for the b. at price they
would fetch. The plaintiff thereupon quitted the house;
the shop we■ kept open by the defendant's servants, who bad
never (*mod to attend in it, until March, IB4G, when the
business and the stock, whichlatter had in the meantime been
much diminished, were sold toe third person fee 110/. Upon
this the plaintiff brought this action for the recovery a the
whole sum paid, or at all events of the 150/. ; and con-
tended that though the defendant might have surd him for
the breach of his agreement, yet as he had diseblid himself
from giving the full consideration for the purchase-money
the plaintiff was entitled to recover back what he had paid.
The learned judge thought that as possession had been given
the form of action was misconceived, and he directed a
nonsuit with leave to move. The learned counsel now sub-
mitted the argument which he had u►ed at the trial.—After
some discus ion the court {treated a rule nisi.

COURT OF BANKRUPTCY.
Before Mr. thounle.iorker comdburn.

AN - fhTSWL an adjourned
choice of assignees for the bankrupt estate of I). E.
Columbine, who was • scrivener and solicitor, and had
nor as yet surrendered to the flat, being in France. lie had
taken the books and papers, thereby leaving the official
assignee (Mr. Green) without any means of checking the
various claims made by creditors against the estate; and a
question arose as to taking proofs.—Mr. Sturgeon, for the
petitioning creditors, said that there were circumstances a •
peculiar nature in the present case, and it was most esaeutial
that an assignee should be at once chosen —Mr. Cooke, fur a
creditor, observed that it had been intimated to hint that a
supersedeu was inteadtd.—The proof of small debts was
then proceeded with, and Mr. Pendell, of Wandsworth, gen-
tleman, was chosen assignee, and be accepted the trust.

MONEY MARKET.
B•TVILDAY EITZMTNII.
. _ _

The transactions in the funds to-:ciay-;:terer of a lens
active description than for same time post, and prices ranged
within limits more analogous to those of ordinary seasons.
Consols were called at the opening 861 to 4 for money, and
884 to 1 for the account, but they submquentiy improved
to 861 money, and let, off 861 to 1 for money, and 861 to
for account. Reduced Thrice, 634 to 1. Three-and-a-
Quarter per Cents., 871 to 4. Exchequer Bills I discount to
1 premium. Long Annuities, 8; to 9. Bank Stock, 193
to J.
In the foreijni.market the dealings have been quite unim-
portant. Spanish Bends came higher from Holland, and wi re
quoted therefore rather better, but with few bargains. The
Fives were [tilled 251 to 1 ; the Thrces, 361 to 1. Porta-
pese, 344 to 54. Mexican 201 to 1. Dutch Two-and-a-Half
per Cents., 584 to f ; the Four*, 891 to 904.
This is the day appointed for the repai sent of the loans
offered and made by the Bank on the ordinary occasions of
the transfer books being closed in preparation for the divi-
dends. The rule for additional accommodation is not so
formally announced now as under the old banking regime,
but practically it is stAU adhered to, although the Bank
issues no special notification to the effect, and undies the
loaning on admissible securities a part of the general system.
It is not believed that any considerable amount ou loan was
applied for, in consequence of the shortness of the period to
which repayment was contracted. But, to whatever extent,
the hairaiog reserve, it may be hoped, will be satisfactorily
reinforced.
Rather wild rumours have been afloat, and have received
some countenance from the peva, about the excessive rates
ruling for discounts. From 7to 10 4er cent, are vaguely
talked about. Such unauthorised reports inflict reel in-
jury upon the commercial community, by creating useasi.
tram in the security of trade trantactions. The real rates of
discount are 51 per cent. for first clam paper, and 6 per cent.
for other regular admissible bile. Exceptional bills take
their chance now, as always, of such rates as may be de-
n.anded
by Once who, heretofore, when absurd usury laws
were in force, would have been stigmatised as dealers in
usury. The terms in such case, as in all others, are regu.
Iced by the natural invariable law of quantum raleat for
the security offered.
Some 'ay confused and absurd explanations have been at-
tempted eboutthe advance evidently made by the Bank to the
government at the time of dividend paying. Although the
asset nature of the transaction canna be particularised, it is
quite clear, from the accession of funds in the banking de-
payment under the head of government securities, that the
Treasury must have lodged with the Bank securities of some
kind. But these securities need not necessarily be of savings
bank funds. It is possible that some portion of the new
loan may have been employed in the purchase of Exchequer
Bills, to be lodged with the Bank against advances rendered
necer-ary by the operation.
It is understood that the Rothschfids fur some days past have
been receiving a quantity of sovereigns from France, to the
amount as stated of between three and tour hundred thou-
sand pounds. A., of mutes, these will net be sold at the
Bank's invariable and ootquite intelligible purchasing price,
they wiN moot probably be despatched to the best market,
which is the United States. So far the demand upon the
Bank her gold may be mitigated. It is generally believed
that about 700,000 sovereigns will leave this country with
that destination next we, k

In the present extraordinary position of banking and
money drain the current of currency epistles to newspapers,
of pamphlets, and of publiestions of a grayer character, is
naturally setting in ratlitr strongly. Etfirigmuit Wilson has
brought out a " Financial, Monetary, and Statistical
History of England," from the pen of Mr. Thomas
Doubleday, of Newcastle-on-Tyne, a gentleman who,
like the prophets and the learned of all time, has
attained much greater celebrity abroad, in France puti•
cularly, than at home, by Ilia former work on "The true
Theory of Population." We have not had the opportunity
yet of consulting City opinion on the matter of this monetary
work, which upon superficial reading appears to contain
some peculiar crotchets of the Cobbett school, and does not
betray that depth of thought for which the author wu
entitled to credit in his former work, but it may be safely
affirmed of it as a merit that as a compendious, therefore
valuable, collection and illustration of facts relating to finos-
cial affairs it is the work of the day which should be in the
possession of those who wish the convenience of handy
reference.
. .

.....
Beily, Brothers, have published a letter to the Chancellor
of the Exchequer ot. the " Present Position of the Bank of
England," by Mr. Lamle Murray. The only feature of
this " Letter 'is the proposition that the Bank should be
allowed to reduce its Rest to two millions, the surplus being
unnecessary, and by converting it into public securities, to
be placed in the issue department, to be allowed to issue so
much more notes. The simple answer is that Mr. Murray
evidently makes the mistake of supposing that the 'test
exists in a certain integral unused quantity of money, notes
or coin, in the Bank. But it is no such thing. The other
side of the account ought to show him that it exists either in
the shape of government or of " other " securities, and is
therefore active to all the extent of which it is capable.
Next we have a letter signed " Mercator" in the Times,
which was published last Tnarsclay, because it is asserted, we
believe upon fair authority, to have emanated front a leading
member of the Economical Club, to whom Peel's bill owed
its origin. This production is with great propriety couched in
• very subdued tone, and in considerate attention to the cir-
cumstances which tell se forcibly against the extraordinary
dilemma in which the Bank and the country are placed at
the present moment under the operation of the specially
economical crotchets presiding in that bill. The blame of
failure is, of course, cast upon the directors of the Bank,
just as the praise of success would have been denied them,
had the misbegotten conceit seemed by chance to work well.
The notiotet, for they were not principles, on which the
law was basi.l were that prices were neceasaril7 governed by
the more on less quantity of money, or paper signs represent-
ing money, in face of the immutable law that pnees are
regulated by supply and demand; supplementarily, that
speculation excesses would be repressed, and a fine peaceable
unchanging state of property and exchangeable values es-
tablished by the currency action recommended. he
commentaries on the law have been far, however, from ac-
cordance with its principle and promises. The rigidity of its
action in the repression of speculative excess, may be read in
the history of the year 1845.

Bask Sleek, 114

3 per Oc Mad. a..,114/
Mr Ct. Coos. k 333., 86113
New Se per et •.n ~ Vi GI 13
J. 6, IMO, to

MIPS
Le. Am .30 Years, np. Jaz 5, Isso,
11.11
Sow It be.s ON Anon. 14
Commis he Aro.. 474 7 1141
I. MOO, lASI, U., For I 00. I p.
r F 1114770.
I per Cl, dputab Beau, Xi
4 bar Cc Poriwaeor 344 i
Moo AceL, 344
34 per Ct. 'l4 aessela Hoods, 10
11 per C.v. Dutch 1440911 e, II
OWL. WI
4 per Cl. Lotto Cent,

POILEII3II
3 to
Cr. lllesitaa. 1141. POI
Ditto woo.. Apr 30.11.1
1t...... bomb. 1623, L Bt.
1016
6 per Ct. Apaalsk Heeds, Div. from
Nov. 1610,114
Ditto Pwive. 66
Dltto Deferred, 17

rams. ApalL IL I KZ...
I pot Orin . r 7 a
I DWI. . . 110 44
4 Dr. . .
Dale. I, INS 1001 I
Do. 4, DIM 11/
Do. 3 .
Do 31, . ill
Naples Roam . 111 311
Amu/ Lama . 141
Treasury beads
Rasa 1100n0 4173 .
lubmwoalsodso(atalghtLUON.
Do. Do. 1000711,0 W
Do. D 4.. j3O &70., 1110.
BaCI•1111.6. Aram 111 —Belgian roof, Issaa. IMO. IN; Do. 1044. 13/ ; Do.
1130, M 0; Do. at Oa Oty, lOU, 171; Baal or Delllsta.744. Eaduutte 00
L0a0a..44.40.

NEft. Wen. lemei. MA
17 IS se 811 w
111 s.l is • 4.
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tea::gar. Avast 13.—Eartaege ea Load., 13.1*. months, PI 37e.
. APS.. liart. Debt, Two ead-a.ltalf per Ceuta. Sit 11l .
De. Tree prr Cema.. M 710 Do. Tar per Orate, 111 II . Amen.
lead.. raer.aad.PHalf per Gam, 1114 II t; Cos. Coreptay.Fuertued•
a. Half per Ont., 1131+ 173. Zaellom ea Load., at slain, 1107 . Do.
I ovpibe, 1143; ea Ramberg, 3331; Dn. 1 ateathe, 33.30.
V me., An, .—Flom for Costa, 10711; Peer per Onto ,1114 Tree
per Coale., ; Two.a.4-a.ltalf per Ceara, 134. lean of 1131.113, Do.
1133, 1114. Deal lberve,lllo ilmerkazr a lame.ll4.
Beau., Areal. 13.-It. @timid Pleb. I7tt Para. lab, 141 bill. 'R-
amage ea Lead., ',walks, 1.301 Mlle, t.rof meat!.