The Express.
London, England, 1847-08-11 00:00:00

THE EXPRESS, WEDNESDAY EVENING, AUGUST 11, 1847.

felt it to be his duty to send the case to the minions, and de-
fondant must put in bail, himself in 401, and tee sureties
in 201., to appear there.
TRM ES.—A HVPOCIIITII.—A sanctimonious-looking
fellow was chanted with assaulting John Tucker, a man 65
years of age.—The prisoner and his mother had some weeks
since each borrowed money from the old man, and on Mon-
day night, when he want to ask for it, the mother shined
him most grimly, and the prisoner, hearing the altercation,
came out and said, " Oh, I'll pay you; take that," and
struck him a violent blow, which felled him to the earth.—
The prisoner in his defence, in a whining, nasal tone, de-
clared that "be was B sitting quietly by his fireside, reading
the works of good John unyan, when his ears were hurt
by hearing the ungodly expressions of Mr. Tucker to his
mother, and the old Adam toeing strong within him at the
time, he might have exercised unchristaan.like violence to
the complainant." He concluded by handing in a 61oeu-
mest as to his character, which, however, the magistrate
declined to receive, observing that he judged people by their
conduct, and not by their professions, and the conduct of the
prisoner throughout was a combination of ferocity and
meanness, and his sanctimonious twaddle about reading
good John Bunyan only rendered the affair more disgust-
He should sentence him to pay a fine of 31., or go to
gaol to hard labour for fourteen dep.—lie was locked up
in default.
EXTORTION By A CARMAN.—AIfred Cartwright. driver
of the cab 969, and wearing the badge No. 5,434, was
charged with extorting more than his fare. The coin-
plamant was driven from Bow Church, Cheapside, to
the end of Nightingale-lane, Wapping, a distance of one
mile and three quarters, and the defendant demanded 2s. 6d.
as his fare, but on being remonstrated with he asked for 25.,
which was 10d. more than he had any right to charge.—The
defendant said the distance was more than Mr. Duncan bad
represented, but he was certainly not entitled to 25.: but as
Mr. Duncan looked good-natured, he said, " Will a half-
crown be out of the way, sir r g• did not make any charge
at all. He had been a cab-driver 17 years, and had never
been before a magistrate until now.—Mr. Yardley said he
had been very lucky then. He had made a great overcharge,
and his defence was an aggravation of the offence he had
committed.—Mr. Duncan said he had measured the distance,
and the fare could not exceed le. 4d.—Mr. Yardley lined the
cabman 20s. and Is. 6d. costs.
DISCIPLINE ON BOARD A MERCHANT SHIP.— Din. Dob-
son, the chief mats of the brig Oipay, of Sunderland, was
charged with assaulting Robert Dover, cook and seaman, in
Havre Dock. The crew were engaged taking in casks of
flour at Hans, and at six o'clock on the evening of the 213th
of July, the hour at which the hands generally knocked off
work, the captain, who is the defendant's father, and owner
of the ship, said there were about 40 casks more to come on
board. The complainant was stowing the casks in the bold,
and the captain said he was not doing it properly, and called
him "useless trash," "lazy beast,"and used other foul laaguage.
Dover retorted by saying he could take him from the truck
down to the rail in seaman's duty, and used very bad language
too. The chief mate became incensed at this abuse of his fa-
ther, and used bad language himself towards the complainant,
saying that if the " useless trash" had said as much to him he
would knock his head off, and then struck him a severe blow I
on the face, giving him a black eye. The eye was also blood-
shot, and he had not yet recovered. The mate afterwards
stripped, and challenged him to fight. They stood up on
deck and had two or three rounds, when the defendant's
mother got between the combatants, and the crew in-
terfered. The mate afterwards again put his fist in the
complainant's face, and threatened to throw him overboard.
In defence, it was alleged that the captain of the Oipsy was
anxious to get all the cargo in, and that if he had not done
so the ship would have been detained three days. The com-
plainant, instead of expediting the work, went upon deck,
and being ordered by the captain to stow the remaining
casks in the hold, he said "we've done quite plenty." This
led to the quarrel.—Mr. Edward Dobson, the muter and
owner, gave similar evidence, with the exception that his son
gave a push and net a blow, and that Dover stood up Lice •
lubberly calf. He told Dover he was "a lazy varmint;" he
sometimes swore at him. Ile bad been muter of a ship 3.5
yearn—Mr. Yardley said he could not have done anything
more subversive of discipline on board his ship than to abuse
the seamen, and use such foul language ; and he could not be
surprised at the complainant returning the abuse. The
whole affair was very much to the discredit of the ship's
company. The mate had also acted very indiscreetly and
was not legally justified in striking the cook. He should
fine him 20s. end the cats, or eight days' imprisonment.—
The fine was paid.

MONEY MARKET.

TVESDAT EYI/117(0.

The funds Lave recovered to-day from all the de-
pression they underwent yesterday. Consols opened
5 per cent. in advance of the previous quotations, at
864 for account, and 861 for money, and they left off
better still, at 861 to 3 t. for money, and 87 for account
The reduction of the difference betwixt stock for time
and for immediate transfer would seem to show either
that money was easier, or that money stock was abun-
dant. Reduced Three per Cents. were 875. to 1.
Three-and-a-Quarter per Cents., 881 to 9. Long An-
nuities„9 1-16 to Exchequer Bills improved to par
to 4a. premium. 'Bask Stock, 196 to 7.
The foreign market wail without any material
change, and quite inactive. Dutch Two-and-a-Half
per Cents: were 56 to 1 ; the Fours, 895 to Spanish
Fives 21 to ; the Threes, 301 to 1. Portuguese, 29
to 30. Russian, 111 to 112. Mexican, 17 to 18. New
Grenada, 19 to 20 ; the Deferred, 35 to 1.
Foreign exchange, except on Paris an Naples, was
generally quoted higher to-day, but from the abort
supply of money at market the fact was of little really
positive importance. On Amsterdam the negociations
were 12.3- to 1; on Rotterdam, 12.51 to 6 ; on
Antwerp, 25.80 to 85; on Hamburg, 13.131 to 14 ;
on Frankfort, 122 to 5 ; on Paris, 25.721 to 771;
on Vienna, 10.21 to 31 • on Leghorn, 30.53 to 60; on
Naples, 401 ;on Madrid, 471 to a-all at three
months. On Lisbon, at 60 days, 531.
It is now stated on what may be considered com-
petent authority that the liabilities of Messrs. Lesley,
Alexander, and Co., have been considerably overrated,
and that they amount in fact to no more than
' 320,000/. A meeting of the creditors is to be held
to-morrow. _ .

There is unfortunately no reason to doubt the reports
current that other failures in the corn-trade will be
declared to-morrow ; one at least of some importance.
Considerable amounts of bills are known to be lying
over for non-payment.
It was reported on 'Change this afternoon that a
leading discount house had given notice to their clients
that hereafter, and till further notice, their charge
for the discount of paper, having 3 months to run,
would be 7 per cent. The Bank rate for that class of
paper, as lately declared, stands at 6k per cent., as the
minimum it may be supposed, although it is scarcely
probable that any bill at that date would be taken at
the establishment of such a quality as would not be
admissible on the terms. This movement of the dis-
count firm referred to, if correctly given, of which
there would seem no question from the respec-
table quarters in which the statement was cur-
rent, would appear to favour the inference of
a further advance in the minimum rate of the Bank
of England to 6 per cent. for short paper being
.not
merely contemplated, but resolved upon 'by anticipa-
tion, although the formal notification may not appear
until the usual board day on Thursday next. In such
case the Bank rates would be, amrding to the scale
lately fixed, 6 per cent. for bills with 30 days or less
to run; 6i per cent. for bills above 30 and not ex-
ceeding 60 days ; and 7 per cent. for bills up to 90
days. Hitherto, and previous to the Bank notice last
week, the banks and discount houses were not in the
habit of charging more for the same description of
paper which would have found entrance at the Beak
than the official rates t first-class paper indeed was
frequently done a fraction under the Bank minimum.
Assuming an intended forthcoming elevation of the
rates of discount, the fact would seem significant of a
drain of metallic values still in progress, and of the
apprehensions entertained of its coatinuance, if not
greater severity. Such formidable preparations as
two turns of the screw in successive weeks must mean
a greater pressure present or to come. But the
Bank charter is imperative ; the gold must not go
even if commerce be ruined by the needless retention
of a surplus ; and exports moat be impeded, which
otherwise would either keep the gold at home, or
fetch it back as or before it was wanted.

Notwithstanding these reports about monetary
movements in the latter part of the day, money
was rather easier in the Stock Exchange, and was
also said to be so in the general money market. It
may be doubted, however, whether in the latter case
the apparent easiness amounted to more than the
comparative absence of demand for accommodation,
owing to the dull or depressed state of business, and
the greater distrust and discredit which the events
of the last few days have infused into moneyed quar-
ters. It may, perhaps, be useful to observe here, for
the information of those who are not conversant
with the subject, that between the state of
money affairs in the Stock Exchange, and
in the banking and discount market, there
is not that sympathy and connexion which
might be imagined. The two markets on the
reverse are u frequently in contradiction as of accord
in the rates at which money rules in each, sad of the
greater or less facility with which it may be obtain-
able. The discrepancy is to be accounted for by the
fact that money, as a general rule, does not pus
between them for employment or temporary invest-
ment, when or because it may chance to command a
higher value in the one, and be more abundant in the
other mart. The broker or dealer in stocks and shams does
not place his surplus or occasional funds in the discount
of bills, or loans upon commercial securitice. No

more does the banker or bill-broker lend money upon
stock or share values. There are of course creep-1
tional cases and seasons. In ordinary times of credit
and confidence the banker will lend upon home
stocks; the discount house may even be tempted by
as extra bonus so far as to advance for a limited time
upon foreign securities, reprehensible practice as it is
for dealers in money professionally • the stock-dealer
may plum out some unemployed funds with a bill-
broker at call. But generally the operations of each
class are confined within their own special domain.
Thus it not unfrequently occurs that money bears a
difference of value equal to one or even two per cent.,
as between the two markets, with the distinction that
the rates are much less affected either one way or the
other on the Stock Exchange by the action or varia-
tions of the Bank official rates.

MAU Diel•. Pre
S Orr Ct. Md. VW., (47
3 per Ct. Camas AIM.. set 7 SS 7 el
New 3# per Ct. Anus., MI I e P 4
Loss As., esp. Ith J.., IMO,
t I le

I per Ct. 4mW Ilatek. 13i-1
Dltte.Dvtererd, 71
& per Ce. Meatus, INS, LI IA
3 per: lerlll.loll Dona (3 per
Ct I 4
& per CI. Ditto, Ant. 11