The Sun.
London, England, 1864-11-10 00:00:00

to the talent and ability of France by inviting to
your table a man who is the most worthy represens
tative of the intellect and I can say of the patriot-
ism of his country. (Cheers.) I trust that this visit
may add another link to that bond of friendship
which ought to unite, and which I trust does unite
the two nations neighbouring to each other, which
stand foremost in the civilisation of the world,which
are capable of inuicting upon each other enormous
injury as enemies, but which are able on the other
hand to confer upon each other the greatest benefits
as friends. (Cheers.) I must crave permission, my
lord, to ask this assembly to drink another toast,
which I am sure they will drink with great satisfac-
tion—l mean your health, my Lord Mayor; and I
am persuaded that, upon every account and upon
every consideration, this great and distinguished
assembly will join me in doing honour to the chief
magistrate of the City, and cffering their thanks for
the cordial and courteous reception which all have
met with this evening at his hands.
" The Health of the Lord Mayor" was drunk, and
his lordship briefly acknowledged the compliment,
and proposed "The Health of the late Lord Mayor,"
to which Alderman Lawrence responded.
The LORD MAYOR next proposed the toast of
"The House of Lords," associating with it the name
of Earl Granville and Lord Brougham.

Lord Chancellor," whose conduct in connection
with the reforms of the law he highly eulogised.
The LORD CHANCELLOR WBS warmly cheered on
rising to respond to the toast. He said—My lords,
ladies, and gentlemen, I am most deeply sensible of
the honour which I have received at e our hands.
There is no man—there is no body or order of men
—that may not well be proud of receiving the ap-
probation and deserving the good opinion of the
citizens of London. My Lord Mayor, you have ad•
verted to my—l will not say career—my good for-
tune at the bar. A part of that good fortune, and
one I shall always gratefully acknowledge, was in
connexion with the City of London. I had the
honour of being for many years the retained counsel
cf this City. It was a mark of high and honourable
confidence. I look back to it with great gratitude
and pride. My Lord Mayor, the compliments you
have been pleased to pay me I accept rather as an
admonition of what ought to be done than as a great
tribute of what has been done. The office which I
have the honour to fill I enter only as it serves to
give me an opportunity of aiding in a humble way
the improvement of the law and the jurisprudence
of the country. In that respect something has
been done by those who have preceded me, but very
much remains to be done. You will, I am sure,
agree with me that in these happy times of peace
there is no greater duty—l may venture to state
there is nothing which is a more ennobling pursuit
than that of improving our legal institutions. Upon
the order, the efficiency, and the economy of the ads
ministration of the law, the happiness of the hun-
dreds depends. Nothing excites more painful
feelings than that a man who is disappointed, and
who has suffered undue expense in seeking for jus-
tice, should turn round with heart-burning and with
complaints justly founded, that the institutions of
his country have not afforded him an efficient res
dress for wrongs and injuries that he may have
sustained. I look, my lord, upon the compliment
just paid me as the greatest possible motive and
stimulus to renewed exertions in the career to which
you have referred ; and I thank you most sincerely
for that tribute which I have thus received at your
hands.
The LORD MAYOR next gave "The Health of
Lord Palmerston and her Majesty's Ministers."
Lord PALMERSTON ovho was received with the most
enthusiastic cheering, said—My Lord Mayor, ladies,
and gentlemen, for myself and my colleagues I beg
you to accept our most hearty thanks for the honour
which has been done us in proposing our health,
and for the kind manner in which that toast has
been received. I can assure you that it is a great
relief and a great pleasure to those who are engaged
in the laborious conduct of the affairs of this country
to be able to have occasion—whether in London or
in the country—of meeting in convivial assemblies
those who are also laboriously engaged in promoting
the wellbeing, the welfare, and the prosperity of
our common country. (Cheers.) But it adds to that
satisfaction that we have the pleasure of finding
that in these meetings we receive testimonies of that
goodwill and confidence on the part of our fellow.
countrymen which are the greatest encouragement
to future labours, as they are the amplest rewards
for labours which are passed. (Cheers.) And if
there is any portion of the commercial community
of this great and wonderful country whose appre-
ciation, founded upon their knowledge and jadg-
meet, must be most valuable to us, it is needless to
say that the approval of this great city of London
must be bsyond all others valuable to those who are
engaged in the service of the State. (Cheers.) It
has been the practice of those who, like myself, have
to address the great assemblies invited within these
walls upon occasions like the present, to have to
tell something with respect to public affairs which
may excite their interest, or perhaps be unknown
to those who hear it. That, fortunately, is not my
lot on the present occasion. (Cheers and laughter.)
Nothing can be more dull, nothing can be less cal•
culated to excite interest in the hearers than to tell
them that Europe is peaceful, that we anticipate
no event that shall disturb the general tranquillity
of this part of the world, and that this country is
in a state of progressive improvement and pros-
' perity. (Cheers.) But such is the statement which
I have this evening to make. There is, indeed, one
unfortunate exception to that general prosperity
—there is a certain renewal of darkness among
a part of our manufacturing population. I think
that that renewal arises from those vicissi-
tudes to which great commercial transactions are
liable—that it arises from those fluctuations in
values and those uncertainties of calculation to
which commercial countries must from time to time
be liable. There is not any indication of any feiiure
in the resources, or in the future prosperity of the
country. With regard to things abroad, I have no-
thing to say about Europe except that it is quiet,
and we hope it will continue so. My noble friend
who has addressed you in return for the toast of
the navy has informed you of certain events of which
the details will speedily be made known, by which'
we hope that the commercial transactions of Europe
with Japan will be placed upon a more safe and
satisfactory footing than that upon which they have
hitherto stood. We are all glad also to know that
in that vast empire of China, containing, as has
been said, one.third of the human race, our rela-
tions with the Government are greatly improved,
and there is every prospect that the nations of Eu.
rope will enlarge from year to year their valuable
commercial intercourse with that great, productive,
and populous empire. There is one dark spot in the
picture which the affairs of the world present ; that
dark spot lies on the other side of the Atlantic. We
deplore, and every man of right mind mast grieve
that that bloody and disastrous war which broke
out three years ago among the kindred nations of
the northern part of America still re ges, still lays
waste the fertile plains of that continent, still be-
dews with the blood of the people those forests and
those vast tracts which ought to be cultivated and
be the source of wealth, pleasure, and happiness to
mankind. (Hear, hear.) We may trust that human
nature will not long continue to maintain that
deadly and disastrous strife, and that the contend-
ing parties may, within some time that we trust
will be short, find out that it is better to be recon-
ciled than to ight, and that these disputes which
are bedewing the country with blood may be re-
counted and settled by some amicable arrangement
between the parties. At the beginning, that strife
was expected to be attended in this country with
the most disastrous results to our manufactures.
These fears have been found to be groundless, and
at all events, out of evils some good may come;
and I trust that in the future our sources of supply
will be spread over a great portion of the globe, and
that we shall no longer be dependent upon any
one country for those materials which are so essene
tial for the industry, the wealth, and the prosperity
of a great part of the population of this country.
(Cheers.) My Lord Mayor, I congratulate you that
you have on the present occasion among the vast
number of distinguished guests that you have in-
vited, two men eminent in their respective countries
for their great intellectual attainments, and for the
services which they have rendered to mankind.
(Cheers.) One is our fellowecoantryman ; the other
is a native of that great nation which lies but a
short distance from our shores. It is needless that
I should say that the first to whom I allude is a
man well know to this city, as to all the country, I
mean Lord Brougham—(cheers)—a man who has
distinguished himself in every career of intellectual
display, whether as the advocate, most eloquent and
successful—whether as the Parliamentary orator,
with eloquence and power never exceeded—whether
as having distinguished himself in literature,
whether as having troden successfully all the various
paths of science, and whether, not content with his
own attainments, but anxious to spread the blessings
of learning
and instruction throughout the laud, is
the promoter of the Society for the Diffusion of
Useful Knowledge,
and the education of all classes
of the country. But you have also a distinguished
foreigner—.you
have M. Berrycr—(cheers)—a man
who has attained
great eminence—the greatest emi-
nencethroughouisalwl tnheennualltitornYe—owf
h; o
hoso
ETonnea, mu
en
unrivalled ahl lneodwinn
eloquence at the bar, and
esteemed for that dignity
of character, that elevation of
of sentiment which are essentialinwhaenalicaounpolebdlewneitshs
eloquence and talent to the production of the legal
or any other great character. (Cheers,;) I am glad
of thA-Tdoing homage
you have had the opportunity

Earl GRANVILLE briefly replied to the compli
ment, stating that in the absence of anything new
to say on the subject of the toast condensation and
brevity would be most welcome qualities to the com-
pany. It would, he-said, be merest commonplace to
dwell upon the advantages of the British Constitue
tion ; but he remarked that in all countries where
representative Governments existed a second cham-
ber of some sort was considered necessary, and he
could not forget that an illustrious stranger then
present (M. Berryer), many years pince, in company
with a most distinguished body of men, differing in
opinion from himself, most eloquently defended his
opinion as to the necessity and value of an heredi-
tary peerage in France. He (Earl Granville) could
not help thinking that if at that time M. Berryer
was influenced in any way by the successful exe
ample shown by this country, he must now feel
confirmed in that opinion by the working of our
institutions. (Cheers.)
Lord BROUGHAM, who was heartily cheered on
rising, said—My lord, I have had the honour for
nearly half a century of holding the freedom of this
great City, and I therefore rejoice to meet my
fellow-citizens on the present cceasion, and I have
great satisfaction in feeling that I am so connected
with you ; the satisfaction is still greater when I
reflect upon the cause of that honour having been
conferred upon me. It was, my lord, my having,
in the discharge of my professional duty, resisted
all the force of a powerful—l will not say corrupt
—but powerful and unscrupulous Court, and of
having by that resistance defeated their project of
ruining a highly-connected individual. (Cheers.)
But I must say, and it gives me great satisfaction
to say it in the presence of my distinguished friend
who represents the Bar of France, that I owe that
honour to the kindness of the City rather than to
any merit of mine, for every one of the members of
my profession, from the highest to the humblest,
would certainly have performed their duty with
equal courage and with equal fearlessness. (Cheers.)
We have heard much of the merits of the present
Parliament, and I believe the commendation has
been just; but forgive me for saying that the best
of Houses of Commons, as well as the best of men,
have their appointed times of duration. Before
another year elapses, before another Lord Mayor's.
day assembles us in this place, before another year
is added to the auspicious life of his Royal High-
ness whose birth we celebrated to-day—my belief
is that the House of Commons will have come to its
end, and that you, my fellow-citizens, will have to
exercise that act of the franchise which belongs to
you, and which you all so well exercise. It behoves
you to see that on the next occasion you shall have
a House of Commons which will worthily represent
yon, and that you of this great City may be good
i examples to the other constituencies and the rest of
the country ; that you will avoid all violence, and
that you will choose those who Will show an
example to the country, not merely as delegates to
represent the cause of this or that particular com-
munity, but as men chosen by the deliberate ect and
counsel for the good of the whole country, to watch
over the rights, the industries, and privileges of
the country, end endeavour to secure peace at home
and abroad. (Hear, hear.)
The next toast given was the " House of Commons."
The CHANCELL',R of the EXCHEQUER, in acknowledging
the toast, said—My Lord Mayor, ladies, and gentlemen,—
You have imposed upon me the honourable duty of return-
ing thanks for the House of Commons, and I am well aware
that it is nut necessary, and would n)t be becoming, were I
upon such an occasion, in expressing the gratitude and
satisfaction which all members of the House of Commons
must feel st receiving this mark of your confidence, to at-
tempt to draw a distinction between that and the other great
bodies of tho State, or to put forward on behalf of the House
of Commons any claim to your special favour. It is, then,
in the nature of old and well consolidated institutions that
they cease to be jealous one of another, and that the praise
which is given to the one redounds to the credit of the
whole. Further, my lord, I recollect that we are speaking
in the presence of most distinguished foreigners. Now I
think we in iy fairly admit that it is perhaps too much our
practice to plume ourselves upon the symmetry of things
English over the things which are not English. I believe
that a larger and wiser temper is more and m- re prevail.
ing, under the influence of which we have become, and are
becoming, more and more aware that we have much to
learn and much to gain by the knowledge of the other
great civilised nations of the earth, and the conviction that
every country has its own proper formation. As in the re.
gion of trade and material production, so in the region of
public institutions and laws each has much to communicate
as well as much to receive ; and I trust I do not say too much,
and am not misled by a notion of self-love and vain-glory,
when I express the opinion that it has been given to England
to do something in the matter of representative institutions,
not only for ourselves, but for the civilised and Christian
world. When, my lord, you speak of the House of Commons
I must not forget you speak with special reference to the
present House of Commons ; and my noble and learned
friend, Lord Brougham, has made a most touching allusion
to the approach of that day when that incomparable assembly
I speak of the particular assembly, but the emotion almost
overpowers me—(applause)—will cease to exist. I doubt
if it was kind on the part of my noble and learned friend, at
a moment of convivial harmony and exultation, to bring to
the minds of the members of the House of Commons the
idea of that inevitable term of dissolution, and even after
the genial effects of your hospitality, to disturb the interior
of our hearts by ideas connected with the insecurity of all
human things, and among other human things of a seat in
the House of Commons. (A. laugh, and expressions of dis-
sent from Lord Brougham.) My noble and learned friend,
I see, feels aggrieved that I have made such a charge
against him, and he is, I see, endeavouring to defend him-
self. The country, my lord, has been grievously disturbed
by rumours on the subject. No doubt it is a mere truism
to say that the House of Commons is travelling towards
that bourne from which no traveller ever returns, but at the
same time much has been said on the subject of immediate
dissolution, and many have asked who was the author of
these rumours of immediate dissolution, and I entertain a
very serious suspicion, after hearing the speech of my noble
and learned friend, that he is the man—(great laughter)--
who has been sowing mistrust and misgiving from one end
of the country to the other, and disquieting the minds of all
those who have hopes about gaining seats, or fears about
losing them. (Laughter.) lam anxious to do what I can
in my humble way towards mitigating this great evil, All
I can say in regard to the dissolution of Parliament—fully
admitting the great law of Parliamentary mortality—that
if my noble friend at the head of the Government cherishes
in the deep recesses of his mind any sinister designs against
the life of the present House of Commons, he has kept
those designs, and greatly do I complain of it, perfectly
secret. (Laughter.) My Lord Mayor, in this magnificent
hall—this great historic hall—in this hall which, through
the wise munificence of the city of London, now at length
appears before us in all its pristine magnificence, and re-
turning thanks for the House of Commons, I feel it due to
that city to state that there is no portion of the British com-
munity which, either as regards it own representatives, or
as regards the supply of enlightened men to other constitu-
encies, does more for the House of Commons than the mer-
cantile community of the great city of London, You, my
lord, have been pleased to award your commendation to the
fiouse of Commons for its care of those interests in which
the city of London is so d_eply involved. I venture to
thank you on the part of the House of Commons for that
commendation. There are those who say the House of
Commons has been a sleepy and sluegieh assembly. About
the month of August, when in the last degree of exhaus-
tion, when we are looking to the breezes and fresh air of the
recess, we are confronted by being told that during all the
session Parliament has done nothing. We find that doing
nothing a most fatiguing operation. Bat I venture to say
on the part of the House of Commons in the first place,
that it has never, under whatever constitutien of the House
of Commons—better or worse—it has never ceased to have
a fundamental sympathy with the feelings and character of
the country ; and that, although it may have had its short
comings like everything else, ppon the whole it forms a

rHE SUN, LONDON, THURSDAY EVENING, NOVEMBER 10, 1864.

worthy, known, and indispensable part of the institutions
of England. And I venture also to predict, that whatever
be its future state, whether it answers to the wishes of the
most ardent spirits, or whether, on the contrary, it seems
for the moment too much of lethargy, yet I will venture to
say that it will respond to every sentiment which thrills
throughout the British mind, and will be, under all the
circumstances, a faithful representative of the feelings and
the guardian of the interests of the people of England,—
(Cheers.)

Ardgay, near Bonar-bridge, to Lairg, Bogart, Thrnoch,
Golepie, and Brora ; to authorise the Inverness and Aber-
deen Junction and the Inverness and Perth Junction Rail-
way Companies to contribute towards the capital of the
company ; and to make arrangements with those companies
for the working and interchange of traffic.

Lord BROUGHAM—I distinctly deny having had the
slightest thing to do in diffusing the rumour referred to by
my right hon. friend, My observations referred to next
year. I gave the present Parliament twelve months to
continue.
The next toast was " The Judges," which was responded
to by Vice-Chancellor Sir Page Wood.
" The health of M. Berryer and foreign visitors present"
was proposed.
M. BERRYER responded in French, and said that he
deeply felt the signal favour with which he had been re-
ceived in that great assembly. In reply to the kind and
flattering words in which Lord Palmerston had spoken of
him, he could not better express his thanks than by declar-
ing, which he did with all sincerity, in what admiration he
held such a celebration as this important civic custom.
Happy the nation which could thus preserve its old tradi-
tions I (Cheers.) There was no spectacle which could be
more pleasing than that which they might contemplate in
this country, and which filled his eyes with tears of regret
—a well-loved Queen ; the Royal authority faithfully re-
sptcted, and itself respecting the liberties of the nation; a
great hereditary House of Lords, the worthy heritors of the
country's glory, and men eminent for great services and
high intellect, near the throne ; a House of Commons whose
members, freely elected, truly represent the interest and
wishes of a people, loyally and intelligently consulted ; and
then this great municipal institution, of which the Lord
Mayor was the worthy chief, and which to majestic autho •
rity joins perfect independence in upholding the ancient
rights and fixed privileges of this great city. But he was
oppressed with painful impressions. He could not forget
that he was not in his own country, and he would be silent.
I salute you, my Lord Mayor, said M. Berryer, in conclu-
sion, and I thank you. (Loud cheers.)
The remaining toasts were—" The Sheriffs of London
and Middlesex," " The Lady Mayoress," " The Attorney-
General and the Bar of England," "Sir James Duke and
the Members for the City and the Aldermen of London."
The banquet was as usual supplied by Messrs. Staples,
of the Albion ; Mr Harker officiated as toastmaster, and
the vocalists :were Madame Louisa Vining, Miss Messent,
Miss Palmer, Miss Eyles, Miss Annie Cox, Mr Young,
Mr Wilbye Cooper, and Mr Chaplin Henry.

STATE OF TRADE,

DUNDEE, Nov. B.—There was a decidedly improved 1
feeling in the market to-day in every department, and the
tendency in prices, if not upward, was at least to steadiness.
The inquiry for fl:ix, tow, and cedilla was more active than
it has been for some time, and a considerable number of
transactions are reported at pretty firm prices. Jute is also
in more demand, and a number of sales have been made
since last report. Prices are decidedly firm, but very little
positive advance can be quoted. On the whole a good busi-
ness has been done in flux and tow yarns at prices not ob •
tainable lost week. Jute yarns have not participated much
in the improvement, but there is more inquiry for themthan
there was lately, and at previous prices. The accounts by
the Brazilian mail are not so unfavourable as was antici-
pated, and it was expected that the demand for our manu-
factures would soon improve. There was more inquiry to-
day for goods adapted for the American market, and some
sales effected. In other fabrics there was more doing than
for weeks past, and prices are now steady again. A reduc-
tion in the Bank rate will tend still further to improve the
tone of this market, and this is looked for this week.
LEICESTER., 9th—There is less activity in the hosiery
trade, but business is fully as active as it usually is at this
time of the year, and manufacturers have been well en
gaged completing orders. In the country districts trade is
more quiet. Yarns are not materially altered in value,
spinners confining their production to present requirements.
The wool market is without much change, recent prices
being quoted.
NEWCASTLE-ON-TYNE, Bth—Coal freights today are
quoted—London, 7s 9d, and Portsmouth and Southampton,
9s 6d per ton--Hamburg, £l2—Rotterdam, £lO lOs per
keel. The arrivals have not been very numerous during the
week, and tonnage is wanted. The latest advices from
Constantinople note a further decline infreighte from Sulina
and Kostenciji. The continued arrivals of veseels for Black
Sea ports had a tendency to depress freights, and some of
the ships, rather than take the rates offered at Constanti-
nople, had gone a-seeking. The Esperto fibre trade at the
Tyne dock is in a soand and healthy condition. The
demand for the papermakers is very good,
.and there has
been a slight advance in prices. Stocks are being reduced
at these docks. A considerable number of new screw
colliers are building in the Tyne iron shipbuilding
yards, and within a few months it is anticipated that
eight or nine of these new vessels will be put into the
coal trade. Seamen are plentiful in our river at present,
and a considerable number attend the shipping cffices daily,
so that there is no difficulty in making up crews for the vess

sels in harbour,
NOTTINGHAM, 9:h.—Very little business has been trans-
acted in the lace market during the past few days. Plain
goods meet with no demand, and the fancy trade is charac-
terised by great du'ness. There is no improvement in any
branch of the silk trade. Mack laces, narrow edgings,
mechlins, and quillings are alike a very slow sale, with no
immediate prospect of an improvement, all speculators being
checked by the present state of the money market. There is
not much doing in hosiery, both the shipping and the home
trade being quiet. Yarns aro a slow sale at late prices.

Railway and Other Companies,

FINN VALLEY.

The half-yearly meeting of this company was held last
week at Stranolar ; Lord Lifford in the chair.
The Secretary read the report, which stated that since the
opening of the line the directors had no c: use for regret as
to matters over which they had control, but much to regret
as to circumstances over which they had no control. The
balance of £12,833 against capital on the 30th of June last
had since been reduced to the extent of £5,000 by the sale
of shares. The state of the money market was the great and
only drawback to the concern—more shares not having been
sold, and those last sold having been disposed of at a greatly
reduced price compelled the directors to apply the revenue
to the payment of bills which ought to have been paid out
of capital, and consequently to absorb that which ought to
have given the shareholders a dividend at the rate of 3 per
cent. per annum on the paid up capital at the close of the
half year. In order in future to avoid the necessity of so
applying the revenue the directors proposed to seek Parlia-
mentary sanction to convert 1,200 shares now at the dispo: al
of the board into preference shares ; and in doing so they
thought it might be as well to obtain also power to create
some additional preference shares to be used for the purchase
of rolling stock in the event of the Irish North-Western
Company not renewing their working agreement at the end
of the ten years. The maintenance of the permanent way
and works had been in charge of the Irish North-Western
Company
since September in terms of the working agree-
ment.
almost the whole of the £1,349 of traffic receipts in the
hand I n
hands
fthaedldriitsihon to the £376 lent by revenue to capital
North-Western was due to them for car-
riage of materials for the construction of the railway and for
works executed at the Strabane Junction, The capital ac-
count showed that £57,700 had been received, and £70,534
expended, leaving a balance against the company of £12,834.
The revenue account for the half year ending the 30th June
showed that £l,Bll had been received and £702 expended,
leaving a balance of £1,109. To which was added £353 from
the preceding half year, making £1,462. From this was de
ducted £5OO for interest oh loan, leaving a balance of £962.
The CHAIRMAN, in moving the adoption of the report,
said that every pound of revenue invested in payments on
capital account increased the value of the property by lessen-
ing the amount of debt, for the payment of which it would
be necessary hereafter to sell shares. Were it not for the
necessity of thus applying
the net revenue receipts, the direc-
tors could have recommended a dividend of 3 per cent. per
annum on the paid-up capital, after paying all working
expenses, and providing for the interest on the £20,000
borrowed from the loan commissioners, They proposed to
create those new shares, not by a Parliamentary bill, but by
means of the Board of Trade under an act passed last session.
Lord F. CONYNGHAM seconded the motion for the adop-
tion of the report, and it was agreed to unanimously.
Sir S. HAYES proposed a resolution approNing the pro-
ceedings taken by the directors to obtain Parliamentary
sanction, through the Board of Trade, to create 2,000 pre-
ference share of £lO each, under the Railway Companies
Powers Act, 1864.
Mr R. RUSSELL seconded the motion, and it was carried
unanimously.
The sum of £lO was voted to the auditors, and the pro-
ceedings concluded with a vote of thanks to the chairman
and directors.