The Sun.
London, England, 1852-12-03 00:00:00

CLERICAL, MEDICAL, and GENERAL
LIFE ASSUR.A.XCE SOCIETY.
The Assured may reside in most parts of the world, wit:tout
extra charge, anti In all parts by payment of a small extra Pee-
titian].

has been accomplished. It was pretended that,
would be more graceful to nominate as Committee-
men some among the literary celebrities of our
generation—and appears to have been entirely
forgotten that these same literary celebrities, but
for the parties in whose ardour the present scheme
originated, and under the influence of whose exer-
tions it has flourished—would have left the grave
of HOOD unmarked by a pebble or a root of
daisies, to say nothing of a marble monument !
The good sense of almost every individual present
yesterday, appears to have recognised the force of
these considerations almost instinctively—and so
matters have been left, for all practical purposes,
in their original condition. The fair and
gifted lady who has acted as Treasurer from
the commencement still retains the undisputed
and undivided glory of giving rise to the idea of
the undertaking. The active and intelligent
gentleman who has undertaken from the outset
the part of Secretary to the enterprise still
continues to preside, as he deserves to do,
over the details of the general management.
Another trustee has been formally and unani-
mously elected to co-operate with the before-
mentioned : and the Committee maintains its
ground, as it has earned the right to do, by contriv-
ing, by some extraordinary means or other, to exist
without the aid of the literary celebrities already
referred to. And thus the affairs of the fund have
been settled entirely to the satisfaction of the va-
rious contributors ! And so poor THOMAS HOOD
—the innocent humorist and the gentle poet--
may, before long, have his humble grave adorned
by the marble graces of a funereal monument.

The small share of Pi•ofit divisible in future among the Share-
holders being now provided for, withont intrenching on the amount
made by the regular business, the ASSURED will hereafter derive
all the benefits obtainable from a Mutual Office, with, at the same
time, cormiete freedom from liability, secured by an ample Pro-
prietary Capital—thus combining in the same office all the advan-
tages of both systems.
FIVE BONUSES have been declared; at the last in January,
1852, the s,um of 131,1251. was added to the Policies, producing a
Bonus varying with the different ages, from 215 to 55 per cent. on
the Premiums paid during the five years ; or from 51. to 121. 10s.
per cent. on the sum assured. Th 3 next and future Bonuses may be
received in cash, or applied at the option of the Assured in any
other way.
On Policies for the whole of Life, one-half of the 4nnual Premi-
ums for the first five years may remain on Credit, and may either
continue as a debt on the Policy, or may be paid off at any time.
ciesClaims paid in THIRTY DAYS after proof of death, and all Poli-
are I
INVALIDNDISPUTABLE except in cases of fraud.
increased risk. LIVES may be secured at rates proportioned to the
The Assurance Fund already invested amounts to £850,000, and
the Income exceeds £136,000 per annum.
The Accounts and Balance inspection of the Assured Sheets are at all times oven to the
ware. , or of any Person who may desire to
Tables of Rates and Forms of Proposal can be obtained of any of ,
Society's Agents ; or of
GEO. H. PINCKARD, Resident Secretary.
99, Great Russell-street, Bloomsbury, London.

CITY, Two O'CLOCK.
The sales of cotton at Liverpool yesterday, were
estimated at 10,000 bales, of which 1,000 American
were taken on speculation. The market closed
firmly, and the advance noticed yesterday of to
in American, was fully maintained. The sales
comprised 5,000 American, 130 Pernam and Mar-
anham at 6i to 7, fig Bahia at 6, 300 Egyptian
at 64- to q, and 300 Surat, 4to 4i per lb. Rail-
way shares were dull, and a further decline took 1
place.

- In produce this week, less has been done, and
the quotations have declined in some instances.
Sugar and coffee have been rather in favour of
buyets. Tea dull, but not pressed on the market.
Rice well supported. Cotton higher and in more
request, and tallow brisker. Spirits firm. Manilla
hemp has been lower, but jute up 20s. to 305.,
selling at 121. 7s. 6d. to 121. 15s. Od.
In the review of the past month's transactions in
the Colonial markets, Messrs. Jewsbury and Co.
state :

THEATRE ROYAL, HAYMARKET.
/farewell Season of Mr. Benjamin Webster as Lessee and Manager.
THIS EVENING
Will be performed the popular and highly attractive Comedy of
MASKS AND FACES; or, Before and Behind the Curtain—by
Messrs. Benjamin Webster, Leigh Murray, Stuart, and Parseßet
Mrs. Stirling, Miss Rosa Bennett, Mrs. Leigh Murray, and Miss
Fanny Maskell.
After which, the Farce of A CAPITAL MATCH.
To be followed by YOUR LIFE'S IN DANGER.
To conclude with the Farce of HIS FIRST CHAMPAGNE.

" The transactions in the Foreign and Colonial Pro-
duce markets during the past month have not been on
so extensive a scale as those of the previous one, but im-
porters have been firm, and the quotations are mostly
unaltered. The deliveries for home consumption
continue very satisfactory, and the want of acti-
vity is chiefly attributed to the season of the year,
there being generally a disinclination on the part of
dealers to purchase freely at the close of the year ; and
there is also the usual falling off in the export demand,
consequent upon the closing of the rivers in the North
of Europe. The demand for Dyes and Dying Materials
has been steady, with a moderate business doing ; pre-
vious rates are well supported for the leading articles,
except for Cochineal and Safflower, which are easier ;
the deliveries of the former have improved, but the
large proportion of the stock in the hands of Specu-
lators, whose movements are uncertain, causes a want
of confidence in the article, and as the market is freely
supplied there is no inducement to go into stock ; con-
sequently, dealers and others purchase only for imme-
diate requirement. The late accounts from the Conti-
nental Produce markets report Sugar as steady. Rice
and Indigo were in partial demand at previous rates."
Of the London Silk market, Mr. Henry W.
Eaton states, that there is—
" A surplus on the total stock of India and China Silk,
as compared with the same period last year, of only 578
bales, with an increased delivery of 679 bales over that
of November, 1851, while the total consumption to date
of 1852, shows an increase of 467 bales per month. The
Silk market during last month has, on the whole, expe-
rienced a fair current demand."
The state of the railway share market during the
month of October is summed up by Messrs.
Lamond and Co. in the following terms :-
1 " Not much activity is evinced among the promoters
of home undertakings. The Chatham and Canterbury
Local Railway is designed to accommodate the traffic
between those places, and is supported by the most
respectable parties in the locality. The capital stated is
300,0001., in 15000 shares of 201. each, deposit 21. per
share ; and if the act for the line be not passed, no
greater amount than ss. per share will be retained for
Parliamentary and other expenses. The Great Western
and City Junction Railway requires a capital of 275,0001.,
in 13,750 shares of 201. each, deposit 2/. ; and the pro-
moters
propose that accommodation shall through this
line be given to Kilburn, Finchley, and Haverstock-hill,
finally effecting a junction with the East and West India
Dock Railway, at or near the Grange-road, Kentish-
town. The shareholders of the East India Railway
Company have confirmed the contract for the additional
million of capital to carry out the extension line to
Rajmahal, the guarantee of interest by the authorities in
Leadenhall-street being 4,1 per cent. The new shares
issued under this arrangement will be offered rateably to
the proprietors of the old.
"An increased business has been transacted in the
shares of the several Australian Banks. Those of the
old establishments, the Bank of Australasia and the
Union Bank of Australia, have considerably improved.
The dividends shortly to be declared will, it is stated.
show the prosperous condition of their affairs, and, under
these circumstances, purchases have been made on the
behalf of influential capitalists. The Bank of Austra-
lasia shares have advanced from 60 to 71, and the Union
of Australia from 57 to 61. The shares of the newly
constituted companies have also been largely operated
in, and the demand has been principally for those of the
London Chartered Bank of Australia, and the Bank of
India, China and Australia. Not much has been done
in English, Scottish, and Australian Chartered Bank
shares, but their price is firm."
The imports into Belgium during the first six
months of 1852, included 78,765,179 kilogrammes
of wheat, and the exports 382,381 kilogrammes of
wheat, and 11,222,577 kilogrammes of rye.
The price of silver has declined, sales having
been made at 610. per ounce.
The correspondence between the Committee of
Turkish Bondholders and Earl Malmesbury, has
been published, and fully bears out what was
stated under this head a few days back. His
Lordship declines interference, but hopes the
Turkish Government will, as he is assured they
intend, pay back the principal, with some allowance
of interest. The Loan being contracted, however,
with an immediate deduction of 2 per cent., for ,
commission, the Turkish Government has ob-
viously not received the full amount paid by
the subscribers, and therefore a return of the
capital would not be at all satisfactory.
Together with the correspondence, we have a copy
of the terms upon which the contract was entered
into, and consequently every one may judge for
himself.

ROYAL LYCEUM THEATRE.
under the Management of Madame Vestria.
THIS EVENING,
Will be performed TAKING BY STORM.
After which, a new Farce, in two acts, entitled THOSE DEAR
BLACKS. Characters by Messrs. Charles Mathews, Baker, Suter,
Butler, and Miss Wyndham.
To be followed by USED UP.
To conclude with A HOUSE OUT OF WINDOWS. Charactlii.
by Paul Potter and Mr. Robert Roxby,
Sole Agent for the Private Boxes, Mr. W. Allcroft, 15, New
Bond-street.

The flippant decision of Mr. A'BECXETT on
the Railway Cab question—a subject of consi-
derable importance, not only to the Boards of
Directors of the several lines having metropolitan
termini, but also to the community in general--is
likely to be subjected to speedy revision. Not-
withstanding the magnitude of the interests in-
volved in the result notwithstanding the
doubtful and difficult nature of the issue submitted
for his decision, the learned gentleman not only
refused to suspend his judgment until his brother
magistrates had an+ opportunity of considering
and forming an opinion on the question—but
even to frame it, so that an appeal might be made
to a higher tribunal. Whatever may be the
ultimate result, the parties concerned have much
reason to complain of the self-sufficiency—we
might almost say obstinacy—that induced Mr.
A'BECKETT to refuse the reasonable request of the
gentlemen who appeared on behalf of the de-
fendant. All that was required at his hands
was, that he would put the matter in train for
further investigation, so that the opinion of
the Judges of one of the Superior Courts
might be taken thereon. That application he re-
jected, but we are happy to say that none of his
magisterial brethren have acted in an equally ar-
bitrary manner. The topic has been brought for-
ward in other Police Courts. The Directors of
the South-Western, and, more recently, the North-
Western Railway, have been virtually made de-
fendants, but in no instance has the example set
by Mr. A'BECKETT been followed. The other
Justices have exhibited a degree of modesty and
discretion of which the Southwark magistrate was
totally deficient.
The admirable decision of Mr. LONG, at the Mary-
lebone Police Court, put the matter in so clear
a light, that we have no doubt it will ultimately
prevail. That learned gentleman justly and pro-
perly entered into the consideration of all the
Statutes bearing on the point, and of the inten-
tion of the Legislature, deducible from the various
enactments. He also made full allowance for the
rights appertaining to private property, holding
that " if a railway company could not select cabs,
and have them under their own control, other per-
sons could not select them and have them waiting
upon their private property. The Duke of Devon-
shire, if he had a party, could not do so."
It would indeed be monstrous to suppose that
any company should be bound to have their pre-
raises open at all hours, so that any person who
thought proper might come in—whether for pur-
poses of plunder or otherwise. It is already suf-
ficiently difficult to preserve order on the arrival
or departure of crowded trains ; but, if Mr.
.4213ECKETT'S decisions were sustained, the scenes
of confusion on every such occurrence would be
indescribable, and there would be no security
for travellers, either with respect to the
valuable property in their possession or from
the abuse to which cab-drivers are too much
inclined to resort whenever their extortionate
demands are resisted. We venture to assert that
such a state of things was never contemplated
by the Legislature, as would arise from the in-
discriminate admission of all cabs, without any
controlling power being vested in the railway
authorities. If the matter were left in the hands
of the Commissioners of Police, the boundaries
might be so defined as to render it impossible for
the Railway Company to carry on their other
business. And, as we have stated, their could
be no exclusion, no preference shown to
the well-behaved and trustworthy man, the
necessary result would be that the companies
should exclude all cabs, or public vehicles of any
description, to the very serious detriment of pas-
sengers of every class and grade in society.
There would, in fact, be no limit to the amount
of inconvenience.
Mr. LONG placed this matter in so clear a point
of view, that we cannot refrain from quoting his
very words. He said :
"It had been said that cab proprietors paid a large
sum of money for their licences to work their vehicles,
and that they ought all to have an equal chance of suc-
cess. Yes ;if they all possessed good cabs and good
horses, then let them all be treated alike ; but could any-
thing be more notorious than that there was the widest
possible difference in the appearance and cleanliness of
cabs, and in the behaviour and character of the drivers.
The railway companies selected the best of cabs and the
most respectable drivers, and as far as his own experience
went, he seldom had anything to find fault with, either as
to the cabs or the men driving them. On the whole, he had
no doubt it was a very great good that railway companies
selected cabs of the best sort, and drivers civil in beha-
viour, and honest in their conduct. He was of opinion
that the words in the act meant plying for hire in public
places only, and! that the Legislature did not intend in
any degree that the act should apply to or interfere with
private property, which railway stations were.
The
summons must be dismissed, as the plying for hire in
this case was not plying for hire within the meaning of
the act of Parliament."

THEATRE ROYAL ADELPHI.
Open for the Season.
Proprietor, Mr. B. Webster. —Directress, Madame Celeste.
THIS EVENING,
For the Fifth Time, an entirely new Drama, in three acts, called
SLAVE LIFE ; or, Uncle Tom's Cabin—by Messrs. Allred Wigan
(his Fifth appearance), Emery, 0. Smith, Cullenford, Madame Ce-
leste, Miss Woolgsr, Miss Laura Honey, and Mrs. Keeley.
Atter which, the Extravaganza of MEPHISTOPHELES; or an
Ainhassador from Below.

ROYAL PRINCESS'S THEATRE, OXFORD-STREET.
Under the Management of Mr. C. Kean.
THIS EVENING
Will be performed the new and original Play, in lire acts, by West-
land Marston, Esq., entitled ANNE BLAKE. Principal characters
by Messrs. C. Kean, W. Lacy, and Addison ; Mrs. Winstanley, Mrs.
Daly, and Mrs. C. Kean.
To, be followed by THE CORSICAN BROTHERS. Principal
character by Mr. C. Kean.
To conclude with THE SPITALFIELDS WEAVER, in which
Mr. Wright will appear.

ASTLET'S ROYAL AMPHITHEATRE.
Proprietor and Manager, Mr. W. Batty.
Immense success of the Equestrian Drama of Uncle Tom's Cabin'
The Debut of M. and Mdlle. Lalande, from Francoul's Cirque Na-
tionale, Paris, having been unavoidably postponed, they will posi-
tively appear (for the Fifth time) THIS EVENING, when, and
during the week, the Entertainments will commence with the highly
successful Equestrian Drama of UNCLE TOM'S CABIN, in two
acts, produced with new dresses, scenery, and appointments, written
expressly for this Theatre, and embodying all those stirring inci-
dents and situations so graphically described in bfrs. Stowe's
popular work. and which are so peculiarly adapted to the resources
of this Establishment.
To be followed by an extraordinary display of Equestrian and
Gymnastic Achievements in the Arena.
To conclude with a popular FARCE.
Stage Manager, Mr. W. West. Doors nnen at Ralf-past Six ,I
o'clock; Box-oilice open daily from Elex en to Four.

HIGH WATER AT LONDON BRIDGE.
Turs DAT —Morning 43 min. after 5 I Evening 10 min.aft. 6
Te-Illonow—Morning 36 min. after 6 j Evening 6 min.aft. 7

The English Funds have been weak this morn-
ing, and there is very little doing in them, most
parties being anxious to await the Budget. The idea
of a reduction in the rate of interest upon Consols
could not, it is thought, be carried out, unless a bo-
nus be given, for with the price only at 1008 to 101,
the market would speedily fall under par. Bank
Stock is at 222 to 2231, and firm. Exchequer
Bills are 695. to 725. premium.
Foreign Securities have been rather less in re-
quest. Spanish Deferred are 241 to 25. Portu-
guese 4 per Cents. are 38i to f. Mexican Bonds
have been 24 to 25. Brazilian New have
been at 97i to 98. Grenada Stock is worth 13 to
The Turkish Loan is at 1 premium. Dutch
and Russian Bonds are firm.
Railway Shares are flatter again, principally
from the diminished dealings.
Gold Mines are not so good, nor the Australian
Banks.

BRITISH FUNDS THIS DAY.
(From the Official List.)

- Bank Stock Business done.
1
3 per Cent. Reduced Annuities.
100 223 2
• g 100 i 3 per Cent. Consols Annuities.......
...... 100,1 1 1004
New 34 per Cent. Annuities. ...• lo3i # a
Long Annuities, Expire sth Jan., 1860 ..... 6 7-16
India Bonds, £lOOO BO 3
Consols for Aceotuat.
Exchequer Bills 14d. 101 100/ 1
March. June.
£1000.......• ...... ........................ 69 72 72 69
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
l
Danish 5 per Cent
GDitto, 3 per cent. ..... .. ... .
renada Bonds, 14 per Cent . . ... .
Ditto New Deferred, 3 per Cent 33 f 124 13
Mexican 3 per Cent....... ......... ............. 25 4i
Ditto for the Account
Peruvian 6 per Cent
Peruvian Deferred 3 per Ceni................. 654 54
Portuguese 4 per Cent. .
Russian Bonds, 44 per Cent. ....... .....•—• 104 i
Sardinian Bonds, 5 per Cent. .........
Spanish Bonds, 3 per Cent ........
Ditto Deferred, 3 per Cent.....
Ditto for the Account •
Swedish Loan
Turkish Loan, 6 per Cent., 1852
Venezuela Bonds 3,11 per Cent. ,
Ditto 4 per Cent. Certificates

We hope and believe that this sound and able
decision will be finally adopted, and that the
public will be spared the injury and annoyance
which a rigid adherence toMr. ATECKETT'S orders
would necessarily occasion. If his judgment
should by any possibility be sustained, a
legislative remedy would be required, and
would doubtless be speedily granted ; but in
the interim an amount of damage would ensue
of which it is impossible to form an adequate
estimate. We can scarcely suppose that Mr.
ATECKETT will be so wedded to his own opinion
as to refuse an opportunity of appeal, should the
matter again come within his jurisdiction.

24
241
1 d
p
4foc
Consols THREE VULOCK.
1004 1
Ditto January Account

LLOYD'S SHIPPING- (2HIS DAY.)

LONDON, Dec. 3.—Wind at Noon, S.W., light
airs, and fine.
DEAL, Dec. 2.—Wind, W.N.W. Arrived—Duke of
Wellington, Sydney, N.S.W. ; Protector, Demerara ;
Hespesus Havana ; Hebe, Honduras ; Port Wallace,
Port Wallace ; Indefatigable, Quebec ; Chevy Chase,
do. ; George Morrison, do. ; Brutus, do. • for Newcastle
—Margaret, Pegwash. Arrived from the River—Will
Watch, Port Philip ; Honduras, Hobart Town ;
Middleton, do. ; Medora, Tobago ; Naiad, St. Thomas
Naples, New Orleans. Arrived from the River and
sailed—Norfolk, Madras.
CowEe, Dec. 2.—Wind, S.W. Arrived—Magdalene,
Batavia.

_
THE MADTAI—The Berlin Speners Gazette of the 29th
ult., stated that the Madiai -would be liberated by the
Duke of Tuscany on the Ist of December. This measure,
it was said, was due to the direct intercession of the King
of Prussia, through Count Arnim Blumberg.
INCREASE OF THE NAVY.—The increase to the naval
forces will be asked for in a supplementary estimate, and
that when granted, as we are assured they will be, the en-
try of seamen and enlistment of marines will commence
forthwith.

THE TENANT-RIGHT QUESTlON.—Yesterday a numer-
ous meeting of Irish members of Parliament assembled in
committee-room No. 15, to frame resolutions in accordance
with the tenant-right meeting held in October last, to at-
tend to proposed legislation on that subject, and on Irish
questions generally during the session. There were about
forty members_yresent.
SINGULAR EMIGRATION FRAUD.—At the last meeting
of the Limerick board of guardians, a letter was read from
a man named Michael Ryan, of New York, complaining
that, having forwarded a passage ticket for his sister, an
inmate of the workhouse, a female had been sent out wkom
he never saw before, and stating that the 4/. he had paid
for that purpose was all the money he had saved up to the
time ho remitted the order.
THE NEW CRYSTAL PALACE.—We are requested to
state that the decision of the Government, on the applica-
tl. n of the directors of the Crystal Palace Company for
P°Chnarteedru'utilB tnaw.:?pirinofiovfenthe Thisa decision hofadthbeeencrpoowstna-
had been ascertained, as to the bearing of in old act of
George lll.proh'biting the opening of disorderly places
under the pretence
questions, OR sund of discussing religious and political
This opinion has beeaYs--on the case of the Crystal Palace.
cinnstgiiven to the effect, that th) wording
Crystal
vattereenders it illegal to open any
of the statute in
beenor park on Sundays, and con-
portion of the Cry °
shall gtzen with a clause piovid-
sequently the charter hasg
con-
ing that no such opening
gidatlir9 !than think fit to sanction itplaP unless the Le-
. tract,

LIVERPOOL, Dec. 2.—Wind, W. Arrived—Sir Henry
Pottinger, Shanghai ; Royal Sovereign, Akyab ; the
Duke, Calcutta ; Philo, Callao ; Empress, Pernambuco ;
Runnymede, do. ; Lindisferne, Ceara ; Hero, New
Orleans ; Alliance,l Charleston ; Mary Winch, Balti-
more • Sir Howard Douglas, Quebec. Put back—
Manila, Valparaiso. Off Port—Commodore (s).

TEE DERBY ELECTION COMMITTEE. Yesterday this
committee, consisting of Mr. Goulburn, Sir W. Molesworth,
Lord Barrington, Lord H. Vane and Mr. Deedes, met at
three o'clock for the first time ins committee room No. 12
of the House of Commons, to try the merits of this peti-
tion. Mr. Goulburn having been chosen chairman, Mr.
Creed, the commitee clerk, called for the attendance of the
" parties." Mr. Sergeant Kinglake, Q.C. and Mr. Edwin
James, Q.C., with Mr. Coppock, the parliamentary agent,
appeared for the Liberal party, but neither counsel nor
agent appeared for the parties petitioned against. The
chairman (turning to the reporters' table) inquired whom
they represented ? Mr. E. James :—They represent the
public press. Tho Committee : Oh, we don't---and in-
ferrinq from this in one sense significant, but in another
insignificant, notification that tie representatives of the
press were not wanted, they withdrew, but were politely
informed in about a minute afterwards, by the learned
counsel, that the committee would meet again on Monday
at twelve, and every subsequent day at eleven, by which
time they will have had an opportunity of thinking over
the matter of the admission of the public...press.

THE SUN, LONDON, _FRIDAY EVENING, DECEM.BE R 8 18
moxEy AND COMME_RCIAL NEWS, ,

THE BUDGET.

MONUMENT TO THOMAS hOOD.

A meeting of the subscribers to the fund for the ereL
tion of a monument over the grave of Thomas Hood, took
place yesterday afternoon at the Whittington Club ;
James Wyld, Esq., in the chair.
The report of the Committee, which was read by Mr.
J. Watkins, the hon, secretary, stated that the subscrip-
tions amounted to 342/. 3s. 6d., of which 101/. 16s. had
to be collected. The expenses already incurred were
only 23/. 4s. lid. The Committee recommended, as the
funds were likely to remain in hand some time, that they
should be deposited at interest with the London and
Commercial Bank in the names of Miss Eliza Cook, Mr.
J. Watkins, and a third trustee to be appointed by the
subscribers. The Committee had resolved that, previous
to any appropriation of the funds, another meeting of
the subscribers should be called by advertisement. The
hon. secretary explained that the smallness of the ex-
penses was owing to the generosity of Mr. Murdo
Young, to whom they were indebted for the free insertion
of advertisements which would have cost 80/., and
also for having collected among his private friends nearly
100/. In the course of the discussion which ensued
upon the report, allusion was made to an accusation,
that the names of no literary men of note appeared
upon the Committee ; and it was observed, in reply, that
a monument to the memory of such a man as Hood,
would come with quite as much grace from the people
of the metropolis and the country, who appreciated his
genius ; and that, probably, if they had not taken the
initiative in the matter, the poet's grave would have re-
mained without any record of him who rested below.
The recommendations of the Committee were approved
of, and, on the proposition of Mr. Hart, seconded by
Mr. Hibbard, Mr. Murdo Young was unanimously
elected third trustee.
Mr. YOUNG observed that the wish of the meeting 16
had been anticipated, as upwards of 100/. had been
already paid into the Commercial Bank, another 14
1001. would be added to it in a few days, and interest 50
would accrue on the amount deposited until it was 1.20
7.
withdrawn.
1
On the suggestion of Mr. Young, it was determined St.
that the subscription list should be kept open until the t•
Ist of February.
1
20
A vote of thanks to Miss Eliza Cook, and the two St. other trustees, for the great exertions they have made to 2
increase the amount of the fund, and also to the Com- 25
mittee, was carried unanimously.
A resolution was then moved, That a general Corn- 255 t.,
mittee be appointed to manage the raising and appro-
priation of the subscriptions, selected from the general s't`'.
body of the subscribers.
Mr. BALFOUR opposed the resolution. He would ask 5025
the mover whether any of the long list of subscribers,
00
from the Duke of Devonshire downward, had expressed 1
St.
their dissatisfaction at the present composition of the 25 Committee ? For his own part, as one of the Com- 50
mittee, if there could be found any body of gentlemen, 20
literary or otherwise, who could do better than the pre-
sent Committee had done, he was quite willing to retire. t•
He thought they had all done their duty,
from Miss Eliza Cook, who had gone to Kensal-green and stood in „
*g‘;
the damp—(laughter)—to write apoem on Hood's grave,
16.
down to the humblest Committee-man. There
would be 16
one inconvenience attending this proposition, and that 8
would be, that they would have to introduce into the 8
Committee not only the Duke of Devonshire, who headed 20
the list, but also the "poor needle-women," who 20
came at the bottom ; and he left it to gentlemen who 10
were acquainted with public business to say how a St.
Committee of that sort would act. (Hear.)
Mr. MAGUIRE opposed the motion in an eloquent St.
St.
speech.
The SECRETARY said, that he had within the last few St. St.
days received a letter from Hood's daughter, expressing
her extreme gratification that the intention to place a 10
monument over her father's grave should have origi- 26!
nated where it did, and assuring him that both herself and her brother felt as much pleasure in that simple fact
-1-°'
as in the design itself. (Hear, hear.) 20
Mr. ESPINASSE defended the Committee. Looking at 20
what had been done for Moore, who, socially speaking,
stood much higher than Hood, he thought the present Committee had done much more than any other which 50
St
been
.
had ever formed for a similar purpose. (Hear, 50
hear.)

(Front the Morning Herald.)
To-night the Chancellor of the Exchequer will deliver
his financial statement in the House of Commons. It is
impossible to over-rate the difficulties by which the right
hon. gentleman is met at every corner. Scarcely half the
financial year has been completed, and the probable amount
of revenue from the sth April last must be computed in
making any estimate for the coming year. Thus the esti-
mate for income must be a matter of conjecture—not of
calculation.
Under such circumstances, we must acknowledge (how-
ever we should like a bold and comprehensive budget) it
may not be improbable that the Chancellor of the Ex-
chequer may adopt a cautious course, pending the results
of the financial year, and that he may not attempt at pre-
sent, with reference to our fiscal and financial system,
more than would satisfy the immediate wants and wishes
of the people--indicating at the same time his future course
of policy with reference to demands and resources.
Such a course of policy would doubtless disappoint very
many amongst the masses ; but there are many also who
would applaud such a course of action. If any of the sug-
gestions, which we subjoin, should not be made by Mr.
Disraeli in his financial statement to-night, none of our
readers who desire a cautious budget will be disappointed ;
if the bold budget should be adopted, we have no doubt
that some of the paragraphs underneath will have relation
to the scheme of the right hon. gentleman.
There can be little doubt of this. The public (if the bold
plan shall be adopted) must expect a considerable increase
in some items of taxation, in order to supply the deficiency
created by the reduction of others ; but we have little
hesitation in stating that any such increase will be founded
on the principle of unrestricted competition—therefore
rather than the industry, of the
affecting the property,
country.
With commendable prudence the Government has kept
inviolate the secret of the details of the forthcoming bud-
get. The principles upon which it will be framed can
scarcely be deemed a subject with which the press and the
public have not a right to deal ; indeed, it requires not
that the wand of a conjuror should point to them, or a
stretch of imagination to hazard a few conjectures as to
the mode in which those principles are likely to be carried
out in practice.
The declarations of Lord Derby and the leader of the
House of Co/unions have left no doubt that the principle
of free trade will be carried out faithfully and without
shrinking.
Now, in order to accomplish this object we must neces-
sarily take into consideration means as well as ends, and
there must be an impartial dealing with every class of the
great community composing the British empire.
First, then, with regard to the claims which an impartial
system of free trade necessarily makes upon an honest Ad-
ministration, we have the acknowledged burdens under
which agriculture and the landed interests suffer; and we
have the interests both of the owner and the occupier to
deal with. With regard to those interests combined, a re-
construction of our poor laws would afford a great relief
from the huge load with which landlords and tenants have
had to struggle, and an equalization of taxation in this
respect is one obvious way in which this relief could be af-
forded. To make the poor-law fund a charge upon the
national revenue would be one mode in which this could
be accomplished, and this would at once put an end to all
difficulties as to the law of settlement, &c. We, of course,
cannot say whether such an arrangement of the difficulty
will be proposed by the Chancellor of the Exchequer ; but
such an arrangement would not create an increased de-
mand upon the national purse. Yet it is very likely that
the consideration of this question may be for the present
postponed. If postponed, we have no doubt that ere the
great fact shall be accomplished, Mr. Disraeli will propose
other means, developed in his speeches delivered to his
constituents and the country, for the relief of the agricul-
tural classes.
It is almost impossible that, in deference to public
opinion, some reconstruction of the income and property
tax will not be proposed in the budget of to-night ; and
any re-construction of it which would be popular or tend
to the carrying out of the principles of free trade must
involve a considerable loss of revenue. A tax upon
property realised or existing we cannot hold to be
an unjust impost ; but an equal tax upon incomes
which, uncertain in their character, cease with the
lives of those who earn them, is not a fair allotment
of burdens, which should be borne relatively to their means
by all who partake of the benefits afforded by our laws and
our constitution. However the Government may decide
on this, we have no doubt that the result will be satisfac-
tory to the public, although it may compel a reduction of
the national income from the sources whence it is at pre-
sent derived.
The general desire for the reduction of the tax upon tea
may be possibly recognised in the budget ; and if so, any
considerable reduction of the duty would leave a large de-
ficiency in our national income.
If the demands of our Irish spirit-dealers be acceded to
another defficiency will be created ; and should the malt
tax be at all dealt with, that deficiency must be consider-
ably augmented.
With reference to the duty on hops there is no small dif•
ference of opinion. That a reduction or abolition of a tax,
conceived and carried out in the spirit of a gambler, is de-
sirable, we have no doubt ; the question is whether the
financial scheme of the Government may leave them the
means for dealing with that portion of our income. We
can only hope that it may.
Now with regard to the " taxes upon knowledge," we
shall be content if the duty on advertisements be dealt with.
For ourselves we cannot help stating that we are desirous
the penny stamp upon the newspaper should be continued.
The whole question, however_ occupying, as it has done,
the attention of the public for a long period—is likely, we
think, to demand the notice of the Chancellor of the Ex-
chequer.

" 20
After some further discussion the motion was nega- 20
tived almost unanimously, only the proposer and se-
conder, and two other gentlemen, voting for
,it. in
The meeting then separated after a vote
of thanks to
the Chairman. 20

The increase of the navy and army, which has been re-
solved on, will of course add to the estimates which must
be made for the ensuing year.
Then, with reference to our Excise duties, they are " bur-
densome,—--rial, and expensive with reference to col.
lection. The more extensively they aro dealt with by Mr.
Disraeli, the more Popular will be his financial statement.
The report upon the wine trade is suggestive ; a reduc-
tion of the import duties on wine would be popular, if it
can be afforded.
Now, with reference to our colonies : we scarcely think
that the Chancellor of the Exchequer can reduce the duty
on sugar, or modify the differential tax upon that article,
but our dependencies in the West Indies would be largely
relieved were an extensive system of labour importation
of the healthy, hard-working Chinese coolies undertaken at
the national expense. This, again, would cost money.
Should any—some or all of the items we have enume-
rated, be embraced in the Budget of Mr. Disraeli, there
must be a very extensive alteration, as well as re-construc-
tion in our system of taxation.
How, then, are the means to be found to meet the ends
which we have suggested. Some persons speak of a duty
on coal. This would, however, involve the objections
which we have offered to any increase of our Excise system.
Prospectively the decrease of the interest on the New
Three-and-a-Quarter Per Cents. will afford a considerable
increase of the revenue, but an augmentation which is in-
considerable in reference to the reductions which must be
contemplated in a comprehensive financial scheme. The
extension of the income tax to Ireland—an act of justice
to England, and one of which the Irish could not complain
if their burdens in reference to the poor laws, &c. were
lightened—this would add considerably to the national
purse, but not sufficiently to meet the losses from the re-
duction of taxation, felt generally, which we have a right
to expbct from Mr. Disraeli.
What reason, then, we ask, is there, in the present state
of the Money Market, why the interest on Consols should
not be reduced ? Here is a fund whereon to found a com-
prehensive budget—to enable a Chancellor of the Exche-
quer to deal with our whole fiscal and financial system sa-
has benefited more than any member of the community
fromtifa et°
freer and equitably. The fundholder
difthe principle is to be carried out
honestly and faithfully, the fundholder has a right to pay
his portion of the tribute towards a national pledge to a
ltyr,ade; thoroughlyaand
national policy. We know not whether this will form a
portion of the financial scheme of Mr. Disraeli ; but, unau-
thorised by an intimation, uninformed by a word from any
official quarter, we suggest that to obtain the due means
for a great object, the Chancellor of the Exchequer should
not object to deal with a fund which has been made by
free trade a debtor to the nation. Reduce the interest on
Consols, and—we stake our credit on it—not 500,0001.
would be required money off the recusants. What could
they do with their if they had it in hard cash ?

i [Want of space prevents our giving a fuller report at 50 present, and doing ample justice to the manly eloquence 20
of the several speakers—Mr. Hart in particular.] 20