The Sun.
London, England, 1855-06-23 00:00:00

ADMINISTRATIVE REFORM,

No. 111.

within: and the:

name a great VII, against it, and besieged it, and built hu]-
warks against, it. Now there was found in it a poor wise
man, and be by his wisdom delivered the city, yet no man
remembered _that same poor man. Then said I, Wisdom is
better than strength : nevertheless, the poor man's wisdom is
despised, and his words not heard. * * Bread is not to
the wise, nor yet riches to men of understanding, nor yet fa-
vour to men of skill : but time and chanco happeneth to
them all."—Eccizsuirns, chap. ix.

PROPERTY QUALIFICATION.
TO THE EDITOR OF THE SUN.
Sro,—Whatever of change there may be under the
sun, it is palpable there is but little in the amount of
estimation entertained for Wisdom—without a balance
at her banker's. One would think the sentences I have
quoted above were written for, or prophetic of, our own
model constitution ; and they were so-in the sense that
events ,repeat themselves, and Wisdom is ever self-con-
sistent.
About a century ago there was a poor wise man in
OUR little city, of the name of William Pitt. . Being a
poor man, and not born a lord, he was despised accord-
ingly by that oligarchy among whom the Government was
apportioned as an inheritance, and they kicked him out of
place and power. But the time (like the present) being
one of difficulty, and the vessel of the State fast drifting,
from their incompetency, towards the breakers, the poor
wise man was feund indispensable as a pilot, and he de-
livered the State. Now, in one thing the old policy has
been improved upon by the modern dominators, and that
is in grafting the poor wise man upon their own stock
(as a lord or belted earl), and straightway he and his
race, instead of adorning the illustrious poor, are of the
hereditary legislators of the land, who array themselves
in the cast plumes of his wisdom. Many a poor wise
man has done thus in the last three centuries, and not a
few have been translated as I have mentioned. There
was Wolsey and Cromwell, and Russell and Raleigh,
and Bacon and Blake, and Somers, Churchill, Harley,
Yorke, Harcourt, Stanhope, Clive, Duncan, Legge,
Hood, Howe, Kenyon, Nelson, Abbot, Law, Best,
Brougham, and a host of others.
Now, these were poor wise men, who served the State
(or a clique, which is equally efficacious), and, not being
easily kept down or dispensed with, were bought off
from poor Wisdom, and, as a noble successor of one of
them said (in substance) on a late occasion, "We, their
descendants, sit in this House by virtue of the honours
achieved by their merit and services."
Yes, they succeed in transplanting the man and the
stock, but they cannot transfer the wisdom also. Na-
ture is, after all, too strong for them, and takes her re-
venge of the men and the system.
Look at any of the present representatives of these
poor wise men (where the line has not already become
extinct), and make the comparison. See what creatures
they become after two or more descents—as memorable
for want of wit as their ancestor for the possession of, t.
" Hereditary legislators, know ye not,
Who would be wise themselves must toil to team?"
This occasional infusion of new blood (though politic)
has been found insufficient to arrest the deterioration
that great wealth, peculiar privileges, and the non-
necessity for exertion inevitably tends to. On a privi-
leged caste, with hereditary distinctions independent of
merit, nature has set the brand of dissolution and decay.
By the sweat of his brow man is to eat bred, and labour
(in moderation) is a condition of efficiency, nay even of
health and continuance. Yet in this country Govern-
ment is claimed and exercised by such a class, and we
see with what results. The so-called aristocracy have
been tried and found wanting. Monopolising all power
—filling all offices—on whom can they now cast the
burden of inefficiency and failure ?
The Times, in a series of articles, has lately been writ-
ing against this, and uttering opinions that I have ever
advocated. They were once called extreme and revolu-
tionary, but in the hour of danger axe found to be salu-
tary. But, sir, it is in vain to cry out for the infusion
of new blood ; empty is the declamation that the fault
is with the people in not sending fit men to represent
them, if, at the very threshold of the House of Commons
crouches a treacherous but not inexorable law, that lets
pass the needy scion of nobility, but springs upon and
excludes the untitled intellect, the integrity, and the pa-
triotism that comes without the endowment of 3001. or
6001. per annum—the sop to the Cerberus that guards
the gates.
I have said, not inexorable law, and for other causes
than the one I have stated. It winks at fraud, contriv-
ance, and chicanery. It yields to the fictitious convey-
ance—it is dazzled by a colourable qualification; that is,
where its malignity is not evoked by party rancour, per-
sonal venom, or the fear that the entering member is
likely to prove a troublesome or unmanageable inmate.
So it allows to pass the members and nominees of the
Reform and the Carlton—the passive and pliable holders
of rotten revenues and no income ; while to the inde-
pendent spirit, the chosen of a constituency who love
and confide in him, this moribund monster, who was
supposed to be dead but only sleepeth, starts up with
mischievous vitality to shut the gates against his useful-
ness and devotion. How, then, can it be ascribed to
the people in' the choice of their representatives, that
'the political government of the nation is thrown into
the hands of the aristocratic families," because "the con-
stituencies have not returned to Parliament a sufficient
number of men competent to dispute or share that influ-
ence," seeing that the people's choice is limited to the
plutocracy or the landed interest ; and that when they
have chosen, without regard to either a man whom they
know, esteem, and trust, their choice is disregarded and
set aside ; and without giving them an opportunity to
amend it by a new one, an irresponsible tribunal forces
upon their insulted helplessness an individual whom they
have thrice rejected and refused their confidence, while
the Septennial Act, fit alter ego of such a law, fixes him
there for six long years of life.
Is such a transaction likely to encourage constituen-
cies to disregard rank and wealth, and honour with their
confidence merit and capacity alone ? Does it not
rather promote cliqueism and clubbism, caballing and
zontrivance, and throw the Government of the country
into the hands of faction, incapacity, and selfishness ?
If* " to raise the character of the House of Commons
is an indispensable preliminary to the improvement of
the Government," can that take place until the interior
is open freely to the virtue and intelligence of the na-
tion, freed from all test:, obstructed by no oaths, and
requiring no other passports than the unbiassed choice
of a constituency entitled to be represented ?
I ever affirm that I and my constituents were sacri-
ficed. I was the only member petitioned against in
whose case bribery, treating, or intimidation, was not
even dared to be whispered ; for my election, though a
contested one, did not cost 201., and yet, sacrificed upon
the altar of this iniquitous law, the pall of oblivion
seemed spread over the scene, and not a member was
found to claim for the people of this country freedom to
choose their own representatives.
Is Reformer but a name when a candidate becomes a
member ? Is the Radical party without heart or with-
out honesty ? They have 'seen all this, and a new Re-
form Bill. introduced omitting a clause for the repeal of
this law which the former one contained, and not a
voice among them was lifted up to characterise or supply
the omission.. And when, the other day, a member
(though of somewhat equivocal politics, yet deserving
thanks for this) moved for leave to.expunge this obsolete
and thrice-condemned inconsisteney from our statute
book, it was attended to by very few members, and
lost by a majority of, I think, but one vote. Again,
I ask, where was the Radical party, or is it become re-
duced to this ?
It is time for the people to act for themselves, and to
speak out in public meetings their wishes and their will.
If Administrative Reformers will turn their strength
in this practical direction they will entitle themselves to
universal co-operation from all who desire the right men
for the right places. Let them denounce the fetters that
shackle choice, and they will speedily be struck away.
But if, disregarding the means of political regeneration,
it shall pretend to accomplish ends without them—if it
shall profess to aim at effects, yet be studiously regard-
less of causes, then such administrative reform is an im-
posture or a sham, 'which the nation and the association
will speedily find out. I believe there is honesty in it ; let
it be directed by gocd sense; in which hope I beg again
to subscribe myself,

Your faithful servant,
Temple, June, 1855. S. CARTER.
* See Times, February 8, 1855.

MR. PEEL'S NEGATION OF THE EXISTING
ABUSES IN OUR MILITARY SYSTEM.

TO THE EDITOR OF THE BUN.
SIR,—Mr. Peel, in his miserable attempt to refute the
arguments adduced by Mr. Layard as to the necessity
of reforming the abuses in the army, dictates his opinions
on military matters in an authoritative tone, but ill
borne out by the result of the ill-grounded and absurd
arguments lie has brought forward in his futile endeavour
to prove what is not the case—to show that black is
white, and that the efficiency and best -energies of our
army are not smothered under the weight of nepotism,
favouritism, venality, and an undue degree of influence
exercised by the " governing class."
To prove how ill qualified is Mr. Peel to deal with
the subject he has broached, I will winnow a few of his
arguments with a military sieve. The result will prove
the quantity of dross they contain—how very fevv
of truth, and how much of his "chaff" can be easily
scattered to the winds. grains
To begin with case No. 1. Colonel -Woods
ther e a sol-
dier who has seen some service, and of him I will -
fore only say he is a lucky fellow to be related to th e
Commander-in-Chief, otherwise his merits might long
have remained ignored. How Mr. Peel can find an
equality between the "spheres of deputy-adjutant-general
at Dublin and assistant-adjutant-general at Belfast,"
lam at a:loss to guess. By the same rule a full colonel
at the former would be equal to a lieutenant-colonel at
the latter place!
Then, with regard to the case of Major-General Cun-
ningham (not Colonel, as be is irreverently designated
by Mr. Peel), it is stated he was advanced to that rank
" because he served as assistant-adjutant (general?) to
the first division." A very forcible recommendation

indeed!
But what previous services, will it be asked, had this
young officer ever performed to entitle him to the latter
position on the staff ? And supposing he were in that
situation, creditably to have got through his work, what
has he since served, to qualify him for the
different and more important duties of far more apprenticeship
quarter-
master-general to an army in the field ? I will tell you
what his services have been : he married the daughter
of the Commander-in-Chief!
Did a Plutarch now exist to draw parallels between
eminent persons of the present day, he might in the
lives of General Cunningham and Lord Eustace Cecil
gnd matter fclz• A "parallel:" the latter, as it appears,

.
having obtained promotion for, an attack of the liver,
the former for one of the heart?! ~e
Mr. Peel says that young generals are just what
now want ; that Major-General Cunningham is young,
and therefore that " what is, is right." Mr. Peel must,
however, learu that it we want youthful commandersi,
we want such as have not only wooed and won far
ladies, but who have likewise fairly won their spurs-r'
such are the Duke of Cambridge, pyre, Buller, Mark-
ham, Mitchel, Slade, Mayne, Edwards, and ther?.
I could name men still in the vigour And
prime of life,
and whose merits might perhaps be revealed, did circuits'
stances only allow them the same fortunate chance that
has raised our present hero to such a pinnacle of fame.
We come to the case of Lord Hardinge's son ; it is
bad enough, but not near so bad as that of his son-in-
law.. Colonel Hardinge is said to be a fine young ruan
he has also before seen service in the field ' • but how was
he
_enabled to see that service ? Why, by a direct in-
fringement of all established rule. Mr. Peel says that
the regulation in his case was dispensed with, "because
he was abroad ;" but I am certainly " abroad" in endea-
vouring to find out by what rule it was thus annulled !
And to justify one abuse this profound logician adduces
the toleration of another equally flagrant, which bar
pened 40 years before 1 -Thus one crime begets another
until both perpetrator and conniver come to a disrbee-
ful end. Again, because—as alleged by Mr. -Peel 01
I have never seen the rule)—it is the " recognised Pra".
tice to allow the Commander-in-Chief in India, when_he
resigned his command, to recommend an officer for Pro:
motion," whereupon, the son of Lcrd Hardinge (Who we!
not commander-in-chief) is allowed the benefit of that
rule ! Having thus obtained a step to which he bad O
right—by being placed in a position where he bad like-
wise had no right to be—the son of Lord Hardinge 'vs!.
next shuffled into the macadamised path to advances
ment, by being posted to the " Guards." -Ail ji:ah,
now plain sailing, and Colonel Hardinge has 11-- -
come into port, after a •tolerably successful verikel.
accomplishing in nine or ten years what others 17_,
fortunate and less favoured, though may be equellYme
torious, have taken half a century to perform l
i family
The above is only a slight analysis of a sing -1, a
"job." Did time and space admit, the shallow felseu,?_°o
of the whole of Mr. Peel's negation or
easejustifiesl%
(whichever it may be called) might with equal
eilbee
exposed to view, but as every word and every.sn t
andmig hptebr
he
athus a
er etfeudtieedu;e itas wouldwas entail rider
r e fu tsa te
ci ore
t.3l oil;
speech itself. eel, to bii
One word of advice to Mr. Peel. Let him stick future
own traffic in "red tape," but let him ft ;f attaCk'
fioneg. that thinae rperdev‘e'dlinhe
eschew "le veritable rouge;" let him bola'''. a before a
Irk
nko
et
wison:or ban,
whose cause he attempted on Tuesday soldier so
(piety,.
soldier, but to the soldier's widow and
i"mweehlifcheeneeev:hr, flincbe i to tile
Let Mr. Peel beware, such is the advice of an ORA. „A.
•
OLD SOLDIER ANXIOUS FOR REF
June 21. likewise,
P.S.-LThe "colonels of the Commons'? call hoe
it appears, occasionally make mistakes, but tfhg.:llings.
been more civil, and have administered leassepi°r.ingeyreoluynga
gate abuse, since their embryo hero—the
" lord"-1;as proved to be no hero at all, bet ,rn, withal,
poor liverless "Buckram" boy—a shrewd 911,11 aches
who prefers the ~ trenchers" at St. James' to the
r
at Sebastopol.

THE PRUSSIAN OR COBURG CRITICzr 'S,.
THE BRITISH OONSTITUTION

LETTER IL

TO THE EDITOR OF THE St% t,. Or I°
Siß,—lf an individual, whether in Par ordinary
sub.
the press, or in private life, 'Was upon an
ject to lay down as facts propositions which are
such
edire.
coy
opposed to the truth, any opinion founded ourlll the
propositions with which he might choose to tol
public would be deservedly treated with contlP
silence ; but on so momentous a subject as the -ot the
British Constitution the published opinion of th Ire re•
of her Majesty must always command, if nOt irucier,
spect, üblic examination of the mast itringent Curs, to
Thee is no royal road to truth anymoreos ~Ittest
cience ;
and no man whose reputation is h..,:plress
value will deny that the statement's his BOYal P. °„oSed
Prince Albert was pleased to make were directlY ofoPrre im.
to facts, both in letter and in spirit. It is th,e;S he ha°
possible to believe that the opinions with Nvl" nn such
favoured the public have been hastily formed upon
statements, or are not the result of other Co
t to ead
with which it has not been thought exPediell
lighten the public. er
~ wbentrr
But " there • is nothing new under thd snn. Nola love
the anstocracy, or more correctly the oligarchy, -sort
°Will°
always performed in this country the part of the
...blie is
in " Sindbad the Sailor," have perceived that the Pa! bss
assailing any scific abuse, the first pathetio„s_Pfdeneder
always bean "The Constitution is in danger, 373 of the
attliemispßt;dipliaewieg
this cuckoo cry all the bigotry and ignerarluce abuse'
but otion,
country has too often rallied to protect enorme
_stint
t
othyealrHighness
so aSstatloeo
agodoedviae
that Englishmen of all classes love their cons rieceer
and will rally round it when attacked either by prince
or
peasant, he has not thought it unbecoming il?, ,i The
sition to attempt to alarm them by exclainueoar hoof
Constitution is on its trial ;" but when, Where'o ante
his Royal Highness, acting upon the adage, inform iefer`,
ignotum pro magnifica" has not been pleasenb i have
the public, except by those statements Witi-the Ow
clearly shown to be at direct variance Wit"
both in letter and in spirit. 311 v
Is ' • • • 4, 0 her ..,,a
it right, is it decent, that the Congo" !soy ..:Ed
jesty should thus endeavour to alarm the 0-00 not".
to inform the despots of Germany " that or 10 tratbo
tion is on its trial." when the truth, the whole WI;
and nothing but the truth is that it is our oligerctriA. bat
tern a government, which is not only upon itavedict 00
which has been tried and found guilty by the bss 0°
.99 men out of 100, although Lord Seyrafc'uvrerhisol t
his best to conceal the verdict by a mass 0- has fig 9e,
How is it that no member of Parliament the pr°
dared to question the Government respectin.gsty no so
mulgated opinions of the Consort of her Al3,i_eterfere°c:
momentous a subject, or the unconstitutiona!n-iows is
.10
of royalty to keep Ministers in their places T o,ocl ,t,......0
that the press, with the exception of The sun theY ,
Examiner—" among the faithless faithful t_ervation,
have feared to touch the subject ? ' For the Dols
d cailia
b an ~.„.0)
of the servile Spectator in praising the speech iolo ,
seeks
General 0
it the Truth !—or of the abbe, who c.
usque ad nauseam the part of the Attorn y
• , of
Devil, are not worth consideration. „:4001,0tt5,, ,
His Royal Highness is far too goo df aaa:r..„ al spe
,ec.ii!..
to know that the absence of praise o
severe and hityt:`
except from two such --. is the
an
.hrvoeviri'
obloquY,
of all sarcasm ; and if he fancies he c 1
'baeratell ebargirlith
the press of the country by deli r weakness
,0 0,
" with exaggerating our mistakes or_oruitish
nabsn
.L
sea,
morbid satisfaction," or induce the B
he will find Ilicd
cept a German liberty of the press,
e peculiarly ill-timeo
,
mistaken ; and such observationtshaer
Sebastop9l Repc
when even Lord Seyincur, in
were in.formed of the
ures
can declare "that the Ministers Is
'nap rs and private so G
dition. of the army from Public r -,,e.--I au') `3c.'
'll • ILX-31.1%
long before they heard it °Pt Y
June 22.
......._._____ -
l GBNCiI
on 117°11 ail i
NAVAL AND .1111:_5_,„,---- th on Mini; ,o,
+ d at Plymou
was masted fitted as an hospl
The frigate Alarm wing been
and the Caledonia, 12N dock on Monday. . . cool
Militia, ea
ship, will be taken out the
3d.
West Midx
ibtion re
Four companies of td.
at
Plymouth ergemba .c.
_d 00
Turnham-green, arrive of the regiment is exPe tc
ill'
Thursday. The remainder ~0 a.
'o. ao.
to-day. an so non-coo ,
On Wednesday between 50 a .„o_ol
.A.rtillerf _0.004;
• sof the .n y
cers and gunners and driver
f these men wero ,_,Liehocl
charged from the service. Most 9 r , and in the vle .ea
s a leg, qo
in the battles a the Alma and Inke
anra'rixi, ether
__,. j 0
before Se•aadtopol. Some have: lost
d • bas lost both his .a_l7tl e, gag,
one poor fellow,
named
tavwlhile in the act a toittot ~ariat
met with this sad ac
b fired at the enemy', when 00'u et)
which was about to e ,;ved. a P 0 ea
way He has ree'' receive
and carried both arms a .
oers .
2s. per day. The non-commissioned . 11:, 0. a-daP_l,b t ,
ls. 6d. a-day, and the gunners from 94. ti' ',,esferdsl,o,o of
The following appointments were maw -,
to the vteilxlt;
, ii
Admiralty ::--E. H. Howard, lieutenant,j Foliar. - en:olfd.,
Wellington, additional for disposal ;E. • to tail 1.
%aster
•to the Alarm ; Robert T. Rayner, PaY 0 .he sansP ido
Charles J . Card, assistant-paymaster, t , no
isgard. son 6 its
round
Lawless, surgeon, to the F
On Thursday the Commandant of Woolwichs_nd d0_..,, leoa v ,
his half-yearly inspection of the corapanic._: stb,y.t: b, y
of the following battalions at Woolwich 'psiaclierad lcus. .
ft
11th, 12th, 13th, and 14th, which Nv
Aertillerf biArtiller:f lc
(t
order in front of the Royal 1 , thed
Ile r°
A detachment of gunners and drivel:ll7.oo ._. vira a
Woolwich yesterday to join a companYl o,od U __Ae rs
have
Captain F. H. Chancellor's compani_, oder ..,;
• tvlne
it is said, n'" tees
company (14th battalion), air WO
proceed to Sheerness, to replace those co ernS' 'nB
embarked for the Crimea. gesP f ont
a the 0 0 vaS
Another fine screw steam-vessel, nano opo she
.0
for the p
been purchased by the Government, hors's' lie l'ii
of hero
fitted as a transport for the conveyance vi
sag, jr, 35t
taken into basin at Woolwich on Wedue
._ WO. 4 jio
undergo the alterations required. left em Iced pa
On Wednesday a draught of 215 Merl ~nd eretra troi '4
India Company's depot, Great WarleY, ..'_,10,. 11 Sy lg e',
same day in the Roman Emperor, for .".:-_"" colooe joi Ar.
at the depot, 1,120 strong, were reviewed a , tied e 0 0 00
the Deputy Chairman of the Court of Director!too t
tation from the board. It is stated they lu
3),000 men.

ralt! ai 1 o 1
claMvolNlarir.(T:Dr:lAwTE REINFO
rmeecnenrtsetrinar FOR .0g to thorr; :fticc:
Re..-----EmENTs,
ere transmitted yesterday rtorni CI
TO CPO , g
I'o6o s' ot'
to p England and Ireland under orders for
he 1.5il Fo 0,
e for immediate embai-kation, vi°•! the Light 11 ►o•
Y returned from Ceylon ; the 51st Kin., ditto. 00
try, ditto India ; 80th Foot and 94th Foot, ditto .d. I,g
tachments from the various depot companes, all_ar.
0 Ordersapr eert op
telegraphroeeed without
sdoe ltaryantsonsitihtet
es; at of co' oilli '.'
to th° Li
°I:
t be forwarded from hence by special steara-boat,:,„l, cos t
vem.rnors of Malta and Gibraltar, and to the Lord -°''' n'efliciez
ssioner of the lonian Islands, to send its rowl roes,'
men, not only of the regiments stationed in those f° tot
but of the reserve of the Household Brigade and
tenons, as can be conveniently spared resier,eo el 0
arrival of the reliefs of regiments of the line rear©
The regiments that will embark forthwith sr? ~.1-I',.t io()
ing, viz. :-13th Light Infantry, from Gibraltar" ~;51;11 Foal,
from the lonian Islands; 43d Foot, from Corfu , °no. o'o
from Gibraltar ; 66th Foot, from Gibraltar; and '
Landers, from Gibraltar. ~„t tiq°,
The abovementioned reinforcements ill
SoPifoo oiea i.,
British force before Sebastopol by upvvards of 13, _ Artil
and, in addition, four field batteries, a troop of llofs:diness
lery, and a reinforcement for the siege train are in reollosc° ,
and only waiting for transports to embark. The ,oditer•
regiments are placed under orders for service in tom)'-%d Dat.
ranean and Crimea, viz. :--56th Foot (Foulpadou ',„ ,cud
to
on
60th Rifles, 96Th Foot, 3d Bo.ttalion Rifle Brigaav,
98th Foot. 10
The immediate despatch of the abovementioned tray,
rendered necessary on account of the intelligence V cdo
from cord Raglan a our reverses in the attack oil tile
and Malalthetr.

40NEY MARKET

AND

Cu.al _ll ER ,'7l A LILYTI:tLIGENCE.

CITY, Two o'CLo/ix.
The Cotton Market at Liverpool yesterday
closed tamely, with a downward tendency in prices.
The sales were estimated at 4,000 bales. Uplands
at 60., Mobile at 6 7-16 d., and Orleans 6 9-16 d.
The sales of the week amounted to 24,410 bales.
The Railway Share Market was depressed, and at
the close prices fell 1 per cent.
Referring to the demand for tallow, Messrs.
smith and Charles, after announcing that this day
(i_fld every Saturday henceforth the market will
‘;-ose at two o'clock, remark
The tallow market has been steady throughout the week,
nth'till
an upward tendency. The demand for the Continent is
nth large, and there can be no doubt that the home-melt
is in France and Belgium is very indifferent ;so that there
,Zer3, reason to believe that the demand for this quarter
1"41: continue. The home produce in this country is also be-
;the average, and is likely to be shut during the next few
nths, and Loudon is the only port well supplied with
foreign tallow."
e The position of the Bank of England is still in-
!easing in strength, without any proportionate
Vening for the employment of its means, and how
much further this is to go must be a subject for
altercating inquiry. The bullion and the reserve
cf notes together make up a sum very little short
of thirty millions sterling, the increase in the
past week being no less than 505,0001. Such
return as 'this has not been before the public
for many a day, and it may be indeed pro-
nounced an extraordinary one under exist-
'g • circumstances and with war in full
career.
There is but one danger in such a state
things, viz., that money may be made so
;cheap as to promote operations in connection with
'reign countries to draw away part of our surplus,
especially in connection with the French loan. It
It
aY be mentioned, however, as some relief to ap-
Prehension on this point, that capital is almost as
abundant on the continent as here, owing mainly
fr, the stagnation of all commercial speculation.
j`-,'e other items in the weekly statement to the
,th inst. offer no particular change compared with'
the previous return. The following is an analysis :
Active circulation £19,536,195
Increase 85,025
Bullion .. 18,060,716
Increase 296,658
Rest
Increase 8,132
Public Deposits 5,586,754
Increase 139,547
Other Deposits
t, Increase
seven-Day and other Bills
Decrease 1,922
Goverment Securities 12,681,068
21,380
Decrease
339,704
Other Securities l2,
, Increase
otes unemployed 11,814,200
Increase 208,605
Yesterday afternoon the foreign exchanges were
ratherthe feeble, and it is rather anticipated that
the new French loan will, by anticipation, affect
A
25- rate upon Paris. Paris, 90 days, was at
htt'2i- to 35, Hamburgh at 13 61 to 6/, Amsterdam
i 0
19 to 191, and Frankfort at 1181 to 1181.
I,,the shipments of bullion this week direct from
Z'ond
during the week ending Thursday last
v re 18,294 ounces of gold coin, all to the Con-
atThe
English Stock market has remained quiet,
about the prices at which it closed yesterday,
9016 -I for Consols. The anxiety for later news
ta`fn the seat of war is most intense, and exagge-
rated reports are flying about in every direction.
to this moment there is no confirmation of one
tour,
that the Malakhoff Tower has been taken
once the first repulse, and it is not doubted that if
such
were the cars the Government would be too
e°l Qto make it known forthwith. The Stock Ex-
%an, ge members have been more immediately oc-
ofPled among themselves in discussing a breach
hi t,_rust hy one of their members, a partner in a
having
respectable firm. It is said that 16,0001.
0,-"ig been remitted to him for investment in his
name and that of a co-trustee, the stock was
bought in his own name only, although subse-
quently the name of the co-trustee was written in
The
the usual stock paper forwarded to the latter.
the
truth has now transpired, and what will be
o consequences is yet to be seen. Exchequer
gills have been 14s. to 18s. prem. for those at 2.1 d.
'°e New 3 per Cents. have been 911- to 92. The
'onuity is at 16 15-16ths.
Foreign Stocks are very quiet. Turkish are still
fluctuating, upon the report that there is to be a
haranteed loan of 100,000,000 of francs. The
°ening prices were 82 to and a decline to
I,lst has since occurred. Mexican Bonds have
Zieu rather heavy at 21k. Brazilian small stock is
1,91 to 102.
iittt'ho following are the nominal prices of foreign
:—Grenada Deferred Bonds, 61 to 7; Mexi-
Per'„2l-i to 211 ; Peruvian, 68 to 70; ditto Three
4.‘jents., 48 to 50 ; Portuguese Four per Cents.,
clitt") 46 ; Russian Five per Cents., 08 to 100 ;
13,(). Four-and-a-Half per Cents., 89 to 91 ;
Oeb-t:Lell New Deferred, 18 to 18ft- ; Ditto 3 per
bit-;:la3_81- to 39 • Ditto Certificates, 4 to 41 ;
Railwavasiv,e, 4to 4.
are a f 3' Shares are generally quiet, but there
North-
Western lines that bear higher prices.
ale,nave improved 1, Midland I, and South
nth-Eastern -6 to -R. Great Western are as before, and
not C----'4astern flat. The Canadian Shares have
further changed and Northern of France and
;Ore and Meuse are a shade better.
London
rats,
Chartered Bank of Australia are at fuller
Geiy and also the Oriental and the City Bank.
at ejal Screw Steam shares have been in demand,
clvaneed prices.

'..Tisri FUNDS THIS DAY AT ONE O'CLOCK.
(From the Oficial List.)
a. ittlaillesS done
a Per Cent. Reduced Annuities..
Per r. 91
I?", ,-,,ent. Consols Annuities ...... 923 with d. for money
Lon. t per Cent. Annuities ....... ..•..
13?„4mmuities, Expire sth Jan., 140 , 4
ton 30 Years, Expire sth April, 1885 16 15-16
n,B_o Is or Account, 10th July
ehequer Bills, 21d. 2d.
81000 14 18 10 13
:500 ..., „.. ......... .
18
.................................... 14
e 8 mall l4 18 14 10
_. ... .............
tla(nuer Bonds 1858, 3i per Cent. looi 1
11r2CE OF FOREIGN FUNDS AT ONE O'CLOCK.
Eiiti.jan Bonds 5 per Cent. ... ...............
btt,. to Small lOl 2
i 1,311 Bonds, 1825, 3 per Cent
Ifez!Lt° 5 per Cent lO3.
tn,_,l 8•1:1 3 per Cent.
Ditto
Bonds, 6 per cent . —
-uitto for the Account
Dividends on the above payable in London.
TWO O'CLOCK.
903 i

'Consols

LLOYD'S SHIPPING---(THIS DAY.,

•sa.
kt4()Zirborr June 23.—Wind this day at noon, N.W. ;
oderate breeze, and cloudy.
trLIrIVOUTH, June 22 —Wind, S.W. Arrived—Thames,
°,1',1 London, for Geelong.
DoYEß.—Echo, from Hamburg, for Vera Cruz.
-,'OETsmonni, June 22.—Wind, N.B. Sailed—Empress
`4ll;enie (transport 104), for London.
'AuroOTH, June 22.—Wind, variable. Arrived—Ger-
''utattia from Jacmel ; Azores Packet, Hull, for Patras,
I*ew having refused to do duty.
CowEs, June 22.—Wind, N. Arrived—Boreas, from
Akyab, for Bremen.
LOWESTOFT, June 22.—A ship, dismasted, and with flag
c 4 distress flying, is reported to have been seen about 17
kiles from the land, Lowestoft bearing about N.W.
CLyDE, June 21.—Wind, W. Sailed—Charlotte Har-
-1:on, for Quebec and Montreal; Agnes Taylor, Demerara ;
do.
GuERNBEY, June 21.—Wind, N.B. Arrived—Eclipse,
frolll Havannsh.

(PER ELECTRIC TELEGRAPH.)
SOUTHAMPTON, Saturday, 11.15 a.m.
arrived—The Inez de Castro (s.s.), from Lisbon, with a
ergo
of oranges and potatoes.
LIVERPOOL, Saturday Morning.

_
NW.
Arrived—. Runnymede, from Maceio ; Ellen Austin, ..ga
4linah ; Mareela, Santoria ; Sally, and Charle4 Napier,
gb 'aritander ; Hedissa, San Sebastian ; Anglesea, Hamburg.
i,P4lled—Miltiades, for Athens; Minerva, Bolivar ; Pa-
Ri L.
ng,

mind
, variable.
arrived—Eclipse, from Gilboa.