The Sun.
London, England, 1855-07-20 00:00:00

THE SUN, LONDON, FRIDAY EVENING:, JULY 20, 1855

them free from Poland, and sent them to the
Crimea. Is it to be tolerated that such a traitor
power should filch an inch of territory as a re-
ward for her base cowardice and treachery ?
There are other weighty matters on which the
House of Commons ought to pass distinct resolu-
tions if Ministers put off the country with the old
cant about " securing an honourable peace." It
should be laid down especially that no country
which has been, or may be, conquered from
Russia—as the Aland Isles, Circassia, the Pro-
vinces, the Crimea, or Poland—shall ever revert
to her again. The country ought to be assured
that Lord JOHN and his time-serving declaration
are gone together, and that we mean to deprive
Russia of all the usurped domains we can. In
like manner we ought to be assured that other
places on the Black Sea are to share the fate of
the towns on the Sea of Azoff. Odessa at this
moment is aiding the transit of troops from Po-
land to the Crimea. We have a right, too, to
require that 10,000 Poles shall not demand in
vain to desert from the garrison of Cronstadt while
we continue our pusillanimous course in deference
to Austria and the Coburgs.

For a business people we have the most incon-
gruous notions of legislation that can well be con-
ceived. At all events, this is fairly deducible,
from the procedings of our legislators, however
little it may be warranted by the fact. Session
after session bills are brought forward with no
earthly chance of passing, and, unless to gra-
tify two or three over-grown constituents, with no
other motive than to afford an opportunity for
the delivery of some insufferably tedious harangue.
This were bad enough if confined to private
members, but perhaps the Government is the
greatest culprit of the two.
Only look at the Scotch Education Bill, and
the farce enacted in the Lords last night in con-
nection with it. The bill, as the Duke of ARGYLL
admitted, is one which pleases no party in Scot-
land ; indeed, by a singular process of reasoning,
his Grace proclaims that to be its great recom-
mendation ; has been thrice, we believe, brought
before the Commons by the Lord Advocate, with,
he could hardly fail to be aware, no chance of its
ultimately passing, and as often before the Lords,
who last night gave it, we trust, its final quietus,
in a manner which was sufficiently ridiculous.
After considerable palaver, as usual, and the waste
of much useful time, the noble mover, beginning
to anticipate an ignominious defeat, expressed a
desire to withdraw the measure. To this, how-
ever, with a fine sense of retributive justice,
a formidable minority of their-lordships refused
their consent, and the result was Ministers had
to vote against their own Lord Advocate's Bill to
insure its rejection—one only, as it were to in-
crease the fun, voting for it.
We don't mean to say anything about the merits
or demerits of the bill, and are magnanimous
enough to leave the consideration of the Duke of
ARGYLL'S novel mode of ascertaining the merits of
a measure to the more metaphysical of his coun-
trymen ; but we do most earnestly protest
against the practice of thus bringing forward
again and again objectionable and impracticable
measures, with no prospect of success and no
other recommendation than that of aiding
to demonstrate how mortally mischievous and
destructive argumentative dullness can be.
Not a session commences but useful measures,
with a prospect of receiving the sanction of the
House, are spoken of so as to encourage a hope of
their being passed, only to be disappointed at its
close by finding them thrown into the Parlia-
mentary waste basket, among its incongruous
contents. Surely some attempt to put a stop to
this increasing evil will shortly be made. The
debris of a session is perfectly appalling. Of so
many ambitious legislators, is there not one dis-
posed to immortalise himself by concocting
a bill to lessen the evil ? Can it be that
the task is kopeless, or is it that the
cure lies with the constituencies ? Do the
latter choose their men for their fussiness and
wordiness rather than their business talents and
good sense, and thereby hold out a premium
to vanity and the commission of the evil we de-
plore If so, and in any case, they cannot look
to it too soon. Their own credit, as well as the
public interests, are involved in their dealing
with it.

HONEY MARKF,T

AND
COMMERCIAL INTELLIG-EltiCE.

CITY, Two o'CLoc,:R•

The Cotton Market at Liverpool yesterd47
closed with a very firm feeling, at the full prices
of last week. The sales were estimated at 10,000
bales (1,000 of which were for export, and 1,000
on speculation), comprising 140 Pernam and Maran-
ham at 7d. to Bd. ; 100 Bahia at 60. ; 400 Egyp-
tian at 62d. to 9d. ; 2,500 Surat at aid. to 4id. ;
and 100 Sea Islands at ls. to is. 6d. per lb. The
Railway Share Market closed very heavily, with
a decline in prices of per cent.
In colonial produce this week a much larger
business has been done, and steady prices hays
been current. For sugar an active demand hae
existed, at firm rates. Coffee has ruled steady, and
native Ceylon has been taken at 48s to 48s 6d.
Rice has been rather cheaper, but not much has
been sold at the reduction. Cocoa is dearer, and
rum, though steady, has been very quiet. Salt-
petre has been at a slight advance. Spices have
been in limited request. The public sales of indigo
have proceeded steadily. Tallow has been rather
firmer.
The market for United States investments is
firm. The following are the prices quoted by
Messrs. D. Bell, Son, and Co.:--

Redeemable. Per Cent.
United States 6 per Cent. Bonds 1863...105 107
United States 6 per Cent. Inscribed

Stock _

1867-1868...105 106

New York State 5 per Cent. Inscribed.

Stock lB5B-1860... 90 92
Pennsylvania 5 per Cent. Inscribed Stock ... 80 82
Pennsylvania 5 per Cent. Bonds 1877... 85 86
Massachusetts 5 per Cent. (Sterl. Bonds) 1868...103 105
Maryland 5 per Cent. (Sterling Bonds) ... 91i 92i
Virginia 5 per Cent. (Sterling Bonds) 1888... 85
Virginia 6 per Cent. Bonds 1886... 89A 90i
Canada 6 per Cent. (Sterling Bonds) 1876,-113- 114

LOANS OF CITIES.
Montreal 6p. Cent. Ster. 80nd5...1857-1865... 83 85
New Orleans 6 per Cent. Bonds 1893... 80 n

RAILROAD BONDS.

Illinois Central 7 per Cent. Bonds 1875... 79 81
Illinois Central 7 per Cent. Freeland

Bonds
Michigan Central 8, per Cent. Bonds
Panama 7 per Cent., Ist Mortgage (Ster-
ling Bonds) 1859... 93 93
Panama 7 per Cent. Bonds 1864... 95
Pennsylvania Central 6 p. Cent. Mortgage
Bonds 1880... 91 92
New York and Erie 7 per Cent. Ist Mort
gage lB6B-1869...101 102

New York and Erie 7 p. Cent., 2d Mort-
gage, Convertible
New York and Erie 7 per Cent. 3d Mort-
....

gage, Convertible 1883... 87 88
N. York and Erie 7p. Cent. Convertible 1862... 80 81
N. York and Erie 7 per Cent. Sinking
Fund 1875... 84 84.
—•-- -

On the Ist of next month telegraphic communi-
cation will be established from Vienna to Constan-
tinople direct.
The report which is to be presented on the 24th
inst. at the proprietary meeting of the English and
Australian Copper Company describes the causes of
the interruption to the proceedings of the company
from the attraction- of the gold fields, ac., but
states that labour is again flowing into its orinary
channels, although smelters and furnace ma-
sons were much wanted. The Commissioners
of Emigration here have been requested
to send out persons of this class, and have
favourably entertained the application. From
March 18, 1854, to January, 1855, the total of
copper smelted at the works was 511 tons, and the
quantity of ore consumed during the same period
was 2,149 tons, and of coal 2,648 tons. The quan-
tity of ore shipped to England since the last gene-
ral meeting is 1,755 tons. The manager feels con-
fident of restoring the company's affairs to a sound
condition if he is furnished with furnace-men
and mechanics, waggons and coal, all of which
the directors have made arrangements to supply
without delay. The Company's copper sustains its
high reputation in India. The profit at the Spitty
works during the year was 9,0361.
The Funds are very quiet, but money purchases
have caused an improvement to 901 and 911 in
Consols for transfer, although for account they
have not been higher than 901 and 91. Exche-
quer Bills realise 225. to 255., and East India
Bonds 355. premium. The new 3 per Cents. have
been 921 to 92k.
The speculators in the foreign market seem in-
clined to " take the round" of the various securi-
ties, and unless the public follow them and buy
for money there may be an awkward settling day.
Turkish Stock is still in request, and has been 91,1
to 92g. Peruvian have been steady at 77* to 772.
Mexican are to g better, being 211 to 22k.
Spanish Deferred are 1 to 1 higher, with a great
deal doing, being 18/ to 19. Venezuela Deferred
have touched Isl and ISt.
The Railway 'Shares are much the same. North
Western continue heavy, and Great Northern are
flat. Madras have been rather cheaper, and a:so
Scinde.
Brazilian Cocaei Mine is up to 4i

The London Bank Shares are firmer. Canada
Company's Shares are in request, and Peninsular
Steam also.

BRITISH FUNDS THIS DAY AT ONE o'lll/ p
(From at

En3inesk. done
per Cent. Reduced Annuities,,.,.,.. 914
3 per Cent. Consols Annuities 9oi I,} 901 1
Jew 3 per Cent. Annuities
L ,n 2 Annuities, Expire sth Jan., IMO .
Ditto 30 Years, Expire sth April, 1885 16 1546
India Stock
In tia Bonds, £lOOO

Ditto, raider £l.OOO 35
console for Account, Bth August
Exchequer Bills, 2id. 2(1.
I
£IOOO
2500 — I 19 22

Small
gichequer Bonds 1853, 34 per Cent lOl 100 k

PRICE OF FOREIGN FUNDS AT ONE OTLO;;K
Brazilian Bonds 5 per Cent.

Ditto New, 1852, 4} per Cent . ... 94i
Equador Bonds
kt„icaL 3 per Cent. - —
ther Cent.ace recount
Ditto for the Account 2lk 2k
or
Peruvian Bonds, 4i per Cent —
Ditto for the Account....
Ditto
00
f 3
56
Portuguese Bonds, 5 per Cant., Con. 1811
Ditto ex. all over due Coupons 441
Ex all over-due Coupons 4Ol
Sardinian Bonds, 5 per Cent.
Vanish. Bouts, 3 per Cent 368
Ditto for the account ...
DDiitttoto Small
37.
Ditto New Deferred, 3 per Cent. -
Ditto for the account IBA 19 18i 191 i
Spanish Committee Cart. of Coup. nit fun 48 i p c
Tarkiph Bonds, 6 per cent —
Ditto for the Account ., 92 18 2i 1/ 2/ 2
Venezuela Bonds, 48 per C0at................ 31
Ditto Account, July 31. . ..
Ditto Deferred, 1i per Cent

Dividends on the above payable in London.
Ditch Exchange, 2i per Cent. 12 Gull —
Ditto 4 per Cent. Certificates ......

HALF-PAT TWO.
Consols
Ditto for the Account 9O 1

The financial agency of the Peruvian Government in
London has been transferred from Messrs. C. de Muri-
etta and Co. tgAessrs. Anthony Gibbs and Sons.

EXPENSE or DRAWING EILLS.—A return moved for
by Mr. Locke King, M.P., shows that the sum of
1,6801. was paid to Messrs. J. J. Longdale and C. S.
Greaveg (840/. each) as remuneration for drawing nine
bills on the criminal law of England, and 3151. to the
Hon. G. L. Elliot for preparing the Bribery and Con-
troverted Election Bills of the session of 1854.
A Parliamentary return, moved for by Mr. Moffatt,
appeared yesterday, of all warehouses in London, and
the outporta of the kingdom, which have been approved
by the Board of Customs for the deposit of tea without
payment of duty.
A return, printed yesterday at the instance of Mr.
Hastings Russell, shows that in England and Wales, in
the week ending March 24, 1855, there were 2,016
wives and 4,102 children of militiamen receiving out-
door relief. _ . _

The constabulary force in Ireland consists of 35 county
inspectors, 246 sub-inspectors, 329 head constables,
1,714 constables, 352 acting constables, and 9,422 sub-
constables ; making 12,107 men of all ranks, with 363
horses. The total cost of the force in 1854 was
596,7591.
The Royal Mail clipper ship Shalimar, Captain Amos
Robertson, belonging to the White Star line of Liver-
pool and Australian packetq, cleared yesterday for Mel-
bourne, and will leave the Mersey to-day for Melbourne,
with the bi-monthly mails for the Australian colonies,
and 230 passengers, and a fall cargo of valuable mer-
chandise on freight.
The Brunswick, 80, was taken out of Devonport dock
On Tuesday morning and removed to Keyham, to facili•
tate the fitting of her engines. Her armament is to- be
as follows :—Gun-deck, 10 3-inch guns, 65 cwt., 9 feet
long-18 32-pounders, 56 cwt., 9 feet 6 inches. Main
deck, 4 8-inch, 65 cwt., 9 feet long-24 32 pounders, 50
cwt , 9 feet in length. Quarterdeck, 24 32-pounders,
42 cwt., 8 feet in length,
RAILWAY MassoEns.---At the great meeting at Shef-
field last week, on Aaministrative Reform, one of the
leaders, a friend of Sir Charles Napier, paid a tribute to
railway men, which deserves record, especially after the
Sibthorpian sneer of Mr. Drummond. He said " I be-
lieve that if such practical men as our railway managers
had been employed—such experienced beads as Braith-
waite Poole, of Liverpool : Waticin, of the IVlancliest r
and Lincoln ; Adcock, of Worcester ; Ilbery, of the
Southern and Western ; Nash, the ferreter of depreda-
tions and bubbles—we should not have had the horrid
history that we have had. It the talent of the country
had fair play, we should not have seen such ' mistakes'
as we have had admitted on all hands. No person can
go into a Government depot and not observe tiler dif
terenco frog privatp atabliAnients."