The Express.
London, England, 1848-08-22 00:00:00

THE EXPRESS, TUESDAY ,EVENING,- AUGUST 22, 'lB4B.

the residuary personal estate is equal moieties, and adhering
to his previous decision that Lsdy B. Thymus's moiety of the
residue was to be considered • satisfaction of the bend of
1890, subsequent orders were made on the foot of the said
decree end order. Both parties appealed against the decree
of 1836 and against the subsequent orders in far as they car
rid out the directions of the decree. The main ground of
tha appeal on the part of the Earl and Counter of Gleng_all
was that the agreement, though not actually signed by Mr.
Mellish, had been so assented to by him that the money due
upon it constituted a debt against his estate, the earl having
fully performed his part of the agreement. The ground of
appeal on the part of Lady Edward Thynne was that a bond
debt was not satisfied by a bequest of a residuary interest,
but must be paid eff before such residue could accrue.
The Lord Cnancellor, now moving the judgment of the
louse, said, first as to the cuss-appeal, that brought by Lord
and Lady Olengall, th vs was no ground for it ; the decree
WY right in that inspect, and this appeal should be
dismissed with costs. II is lordship then applied himself to
the principal appeal—that brought by Lady Edward Thynne,
and before entering on the facts, stated the principles of
equity as opposed to double portions, and cited the principal
auttiorit as allowing that legacies are to be taken generally
in satisfaction of porti, no. His lordship then applied this
principle to the facts of the present case, and came to the
conclusion that the Master of the Rolls was right on all the
points, and that the two appuls should be dismissed with
rusts against the respective appellants.
Lord Brougham also expressed his opinion to the same ef-
fect, and the decree and orders were affirmed, and both the
appeals dismisse.. with costs.
HANSI/30N V. STICIN EY AND OTHRES.—DHAINAGZ ACT.
—POWNN. OP COMNISSIONEttB.—RSTSOSPECTIVE RATS.—
This was a writ of error on • judgment. et the Court of Ex-
chequer Chamber,`and was argued here in the presence of the
common law judges on the 24th and 25th of June, 1847, and
then noticed in the Express.
The Lord Chancellor now referred to the opinion so given
on ire part of the consulted judges, and said he concurred in
it, and therefore moved that judgment be given for the de-
fendant in error.

Tolman. inplaition et thewas and means of
the year. Bat fee this so long and unpre-
oedentedly delayed exhibit, the weather, and the rise
of 'prices in the corn market, with their prospective
contingencies, could scarcely have failed to engender
more active speculation, with the corresponding effect
on prices. As it was, the dealers, and brokers acting
for outside speculators, cautiously limited themselves
to option business, in which some rather extensive
bargains wre done. One broker alone it is stated,
gave 1 pere cent. for the " put" of 100,0001. Consols
for the Account. It is not to be inferred, however,
from the fact that the parties for whom the business
was done looked absolutely, or solely, to the
simple resolution of a fall to the profit paying price
upon that sort of transaction. It might, on the con-
trary, be embarked in, as frequently is the case, for
the purpose. of protecting much larger operations for
a possible rise of prices against the contingencies of
less beyond a certain point. Reduced Threes were
86 to 4. Three-and-a-Quarter per Cents., 881 to 1.
long Annuities, 8 13-16 to 1. Exchequer Bills de-
clined to 28s. to 325. prem. India Bonds, 225. to 235.
prem. Bank Stock, 198 to 8.
The quotations for foreign stocks have not mate-
rially varied from Saturday's market, and the trans-
actions generally were for small amounts, mostly
single bargains. Spanish Fives were 111 to 121 ; the
Threes, 221 to ; Passives, 3to 4. Portuguese, 18
to 19. Dutch Two-and-a-Half per Cents., 441 to ;
the Fours, 70 to 2. Danish, 87 to Russian,
99 to 101. Mexican, 161 to 17. Brazilian, 70 to 2.
Chilian. 83 to 6. New Granada, 111 to 121. Peru-
vian, 30 to 2.
For the information of parties purposing the in-
vestment of capital, or having property already so in-
vested, the following table has been constructed to
show the rates of dividend which at the average
prices of this day would be yielded by the stock and
share securifiee specified. It must be observed, how- I
ever, that Reduced Three per Cents. carry one ouarter !
of a year's interest more than Console, although I
quoted at nearly the same price, and generally nut
obtaining more in the market. They are, pro Canto,
the more advantageous investment by the 15s. addi- 4
tional interest which is due upon them. Consols are I
preferred, and command a relatively higher rate,
however, because, in the worst state of markets,
always more readily saleable than other stocks, and
therefore the more peculiar and exclusive medium of ;
speculation. The prices are those of Saturday last :
C,ottergo, average prim
/Wooed Threes es 3 9 9 3
Three and.a.Quarter per Oats „ 314 11 2
Bank Stork 196/ SP 4 11 sl
Exchequer-bilis 33 pm. „ 3
Lancae and lorkehhe
Great Western
London and South Western
SP 10 10
London and Brighton
Eastern t °unties
London and North Western (dle. 7
113 6 3 101
percent) 44
From St. Petersburg, on the 12th instant, the ex-
change on London had improved still more at 371 d.
to 1. It is stated that 200 poods of gold, say some
half million sterling, were loading for London.
Complaints are made, not without reason, by some
of the bond creditors of Pennsylvania, of thu unjust
mcde in which the pretended payments of dividends in
full upon the debt are discounted to them. Of these
dividends one-third only is paid in specie, the other
in "relief notes." These notes, it must be observed,
are only current as receivable in payment of the taxes
of the state, bat the foreign creditor can only sell
them to the money dealers, who so can make them
available at 21 discount 'I hese dividends are subject
moreover to an income-tax there of 5 per cent., whilst
in this country they are again made amenable to the
income-tax of nearly 3 per cent., eo that altogether
the creditor is mulcted of nearly 10 per cent upon
his dividends.
ZNOLIBIB FUNDS.
3 per Ct. Red. Anne.. 86 Ai 61 lndian Bonds, under 11.066, 25
3 per Ct. Cone/Sans. 83i 6 1:0‘1.0111 for Aoeount, 051 tit 6
New 34 per lit Arum, call Exch. 8i11,.2td., March,
Long Annuities, esp. ' 1 Jan„ I 32 8 ; June. 22 pm.
1800, 8 15 16 13 76 Ditto. Small. 20., March, 34 ;
India Bonds. ELM, 2.5 1 June, 23 pm.
PORTION FUNDS.
5 per Cent Ilmaikkan Honda, 711 2 6 per Cent. Spanish Bonds, Dlr.
3 per Get. Danish Bonds. 1826, 69 from Nor. 1840. 12
6 per Cent. Mexican, Act , Aug. 3 per Cent. Spanish Bonds Act..
31. ISt Aug. 31, 221
5 per Cent. Portuguese Ronda, 69 21 per Cent. Dutch Bachand., 12
4 per Cast. Port.wast Bonds. Oulld 44
5 per Cost Bunton Bouds, WM, 4 per Ct Dutch Certificate., 71 70
Bt„ 1001
EXCIIANGFR AND
VINIM. Asa. 14.—Attetrtan
Cents, 68; Ditto, Three per
Conte, 431. L05e.1834. 130 ;

STOCKS ABROAD.
per
,Oenta. MS!; Mlb. Your per

MEXICAN LOANB.—The Spanish American committs
have favoured us with copies of the following correspond-
ence between Mews. Manning and Mackintosh, their agents
in Mexico, and the Mexican government, for the information
of the bmdholders:
Excellent Mr —More than two yearn have elapsed since the con-
version al the foreign debt was arranged in London, in which the holders
of activel
parl,:fdealoierweilispitaj,
anr deferred
anotixr deferred,
dl
odneetlo turer, give up a large
hope, while they conceived, that in future the dividends and the re-
demptka hod, which was ripulated in the new agreement, would he
paid wish legularity. When this operation was effected Mexican
basis woe worth In the WNW market 35 per cent., sod every one
bill AO they mail doe la virtue of the new arrangement,
wait wale glee gnaw sosoeMoo, and to consign new funds for
the popeoket ; but the of which existed amongst the
dlitweet wisibeve of tea
WOW sal the opposite resolutions which
wore eithamml to Lewin by each packet caused these bonds to
dein lo • wor gel" Is the rest prejudice of *he bondholders,
who led to olio thee path kin, in recompense for the sacrifice
Wish Ihey lel aide Y delerence to the wishes of the
Meshes Sews t. Nebo all this keg period they
hew sibei
gi=ed there woo nal., being paid
to Ihnieheseties we the nation Wawa in unfortunate
war, sad weir beery flito sustain it, and
it IMG Net le tap =the these desumatames that it
should Is the mews& a credible; fully privileged
to do so, the heads shish ewe essel hr meet lelfrwse st Wester
s.; imports' bat IMO/ olsi eel Yoe shored. The war with
the United Men W ••••11; the pews d the republic follows
already the emellisthwi wsemese. owl II sew Ends itself in the
poasibility of eerwoles the ohm shysgeweset subleit It contracted In
the Convulse Origt. Ths smettlee of bmillsolders, which
has kept a media MEMO kg so hada tiros, W addressed to us, es
its agents is this'll,s tosobthedibm, which an those which webs,.
the of law OW the inteiggssoe of the supreme
t. Taw 'Mime in these doeumests the
relit tmeuelairos whisk** Min ; that the three &Mae&
which ors owing to that soy be wend, and which aro sec dm.
with the we dos es the les of lit sesstb: and that the amount
which mht ht le Owed In t he the fumy sehthellso of
the milli the debt ould be aftwed. Thecowellthethimad-
holism maw OW sh
It he a rightism& relies etas leiesaity
walk the 11s1181 States of the North how glean Is the Helm go.
themiell tribe Isthitorlei ceded lathe testy st push we we way-
=lihtselewiss berme, if the Iwo remain 7=o the
swill. ma this ha hiss men by the '
Ansi+ et hemeash% it le Jot est littler= he egged lo the
creams Is us grepsetlea the pert ottilt •Ill••••• 10 to
hear dwiellesse, Ms be ins
fir Ida
Wink
we Is WWII& to beweirdee ef the Masi Shies of
ow& theissiseef Own sewer Is gweelved with edh water
elwown VII le essiissi the W26.'3=1108 of the Ovate
dew Month lehly _
Mid es seemity poi the payment of the foreign
daht. his • lido= shock try the inciahm of the North Anse.
timmesomp. gad geshily will be arts unproductive, In which Nun
thesupsas gessasmest has to eatslitate for it by another, according
MOMlMpeeMakillieletriessessilmet. Dot we, as well as the °Gm-
mites of set Elk st present tomise sti. I
gime p•IMMIStI• the allipsiont of
,sucts or such aru fund fore the
ceased, became the ebligauon is to cover It with self the
Flitssessesst mad if particular branches were deeignated
Fa
it was In order to consider them
wanto the obligations which were
Pp baled hat et the preceding month fur
&Minds gm dee. whisk mow* le lee millions of dollars, and
the seiwgillea ISM Woe eotworostlog to the two years, which
✓oma Is lbw= et Me eithen-th Meth We request then the
segessle pewwelltl• M thews/ to ithe the necessary steps foe the
Wriire addle& ilia the sod to cover the esdemp.
shib gal Is Sr sisisealb we
.m/mW, as agents ot bond.
balm. the ney te aimed Immoilasthos deliver the consepond-
Mr olden to the maritime ocell that the 20 pee wt. of
Cgiltmay be paid to us as wall se WY tobacco administration,
ibeet war disposal Its prairie. eith to the custom-thew of the
ric Peelle Owen. Is er be- the dice apartetica of liver, all
esiterwahly le the apeses
sog sift Imbue algeWei tor thowowo.
des of the tondo all. We dr Img yaw frodkooy to be ggsred
to give every pasha pews= le as maw, eY to emenueleshe
to us the vesolutioa at the wpm wawa Ware the sew
packet.—We protest to yaw athernen7 all olor lasidulatio• awl cm
spiel. Meiji" My 1646.—jMened —Moments sal ILessorrom.
—His Excellency the Secretary of State for the Mom&
MnilinST or Forrucs.-1 aoguainted his meths" the Presititat
with your representation of Ike Ilk M whish, by instruction
from the committee of basdhslisee, itel Usk lettvrs of 7th
April end Ist May but, whisk pm maw la espy. yes requestedthe
supreme government to tales thega=galeps ke the payment of
the dividends which are ft the Issidgm debt of
the repatills, and to emos7% semouth teles to the nimispdca
Sweetish ought to iron bees aggregated Holm
Suring the lath
two passe, admiring the raptors ordure le the maritime
home awl to the gemmed WWI= et he takthoo, to hold sa woe
dimwit Oa girths of
peeler astbell bly to the wow
asset fler the esgersel messes et and pommel et
the distends et Us hethadoth The stn wake
14th June kW pis.
blight grel•••••• Bird
of the most which the United
Busse d gawks we to pay to the_ he the indemnity to
elle pa mil the sinkage of bouidamiefleln spekieg to the
=C=4". Trer t".
emw 4.7:etatverleig=theareLl " unfl she
wedges, wasewbousw of Von Cruz ad Zemke, eel thew of oz.
pletido• of its., through the ports of the gest% lire these will be
=lLeiggewly delleerel, •1110 mimeo aosomory
etre* !mad.The iseinartithe ire akiedy
which the gownsest tabs he the otheartheat of the tobato mo-
m sod to sever a...mak It ail bakoilow mo, thi tithe
=libew boss Mewled without she wessity of yaw myths-
vid& ids essallway the Prelims silks es. se
a now vow the loser et deft thr wisp
7thr"...eppurdtaity twellseste to you the sielrelleis day estess.—
OW sad-Mem Ilagyaq Julys, 1848.—(8igued) Rive ?sumo.—
Nears. Miming ma Yackittash.