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

OF THE LATE

DUKE

OF WELLINGTON,

WITII HIS AUTOGIUPIL AND A FULL ACCOUNT

F THE GRAND

NATIONAL FUNERAL,
AND IS NOW ON SALE.

ORDERS RECEIVED BY ALL NEWS AGENTS, AND
AT THE SUN OFFICE, 112, STRAND,
LONDON.

g

LONDON, FRIDAY, DECEMBER 3, 1852.

--4,-._

It is gratifying to know that already nearly
enough money has been subscribed to build over the
hitherto neglected grave of poor dear THOMAS
HOOD an appropriate monument, by way of testi-
monial. Yes—in the iron days of railroads, in
this " age of bronze," as the nineteenth century
has been called, the great heart of the poet—
throbbing still for ever and for ever in his metre,
though it has long ago crumbled away to
dust under the sods of Kensal-green Ceme-
tery—has yet found a generous and ardent band
of sympathisers. "Alas, poor YORICK !" We stand
by the ground that contains his mouldering
coffin, and we call to mind, not without a pang at
the remembrance of so many troubles in life and
of so much abandonment after death, the eccen-
tric and Protean wiles of the most quaint and
yet the most genial of humorists. Those who have
contributed to swell the already somewhat consider
able fund now popularly known as the HOOD Testi-
Tnenial, have manifestly felt something of this in
the
transmission of their little tributes of gold and
silver to the treasurer. But most of all, they must
have cherished in recollection the sweetness of that
mute sic
which had touched with the deep and ex-
-1 vibrations of its pathos their soul's inner-
most sensibilities—the music of those beautiful
songs which have come to be loved at last as
among the household words of lettered English-
men. It has Only needed one cry from a woman's
heart—a cry of deep and affectionate admiration
for the popular genius now seven or eight years
departed, to call forth sufficient enthusiasm
from the public gratitude, to collect a stun
of THOMASHoon, the ashes
thaty
capable of raising a tomb
over
HOOD, inscribed with •
ra
w.ple but
most eloquent epitaph sugge„ted h
himself
:ang the song of the Shirt."

~ H,

was convened at
Yesterday a iiieetillg
th
for the purpose of arranctin:
hittington Club,
W
matters definitively, for the winding-up of the atiair;
of the Testimonial. After a third Trustee had
been unanimously elected to co-operate with the

ng out the
Secretary and the Treasurer in en,rryi

it was
general arrano•ements of the enterprise,
,---,41-E/V__________.
_SliihiEithat 'the 'Fund should he fixed to
..f Zir'-11m:, --;.ho first of the ensuing month of
,T-;;;c?Po'brliffiYA, A futile, and, as it appears to us
-,,F' ' • " , a very fri*Aous effort was made on the part of
4• ,c. , seniOnilloontents to open wide the door of the
: Conimittei for the admission of new members now
‘,..-.:.
- , - ' ,at ;the eleventh hour, and when almost everything
:NZ .
• 4 i,

has been sccomplished. It was pretended that it
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.

MONEY AND COMME_Ri

The flippant decision of Mr. A'BECKETT 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 debision, 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 I
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-
mises 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 M.
ATECKETT'S decisions were sustained, the scenes
of confusion on every, such recurrence 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 :

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

"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."

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
Ditto 4i per Cent
Danish 5 per Cent.
Ditto, 3 per cent
Grenada Bonds, 1i per Cent
Ditto New Deferred, 3 per Cent
Mexican 3 per Cent.
Ditto for the Account
Peruvian 6 per Cent.
Peruvian Deferred 3 per Cent
Portuguese 4 per Cent.
Russian Bonds, 4i per Cent.
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 1 p
Venezuela Bonds 32 per Cent.
Ditto 4 per Cent. Certificates 9s
THREEO'CLOCK.
Consols lOO4 1
Ditto January Account

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. A'BEcKErr'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.
A'BECKETT will be so wedded to his own opinion
as to refuse an opportunity of appeal, should the

matter again come within his jurisdiction.

THE MADIAI—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 present.
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 whom
be 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 he remitted the order.
THE NEW CRYSTAL PALACE.—We are requested to
Mate that the decision of the Government, on the applica-
tion the directors of the Crystal Palace Company for a
George 1111
`,'.7_•.?i, ', has
. now been given. This decision had been post-
en teuentil the opinion of the law officers of the Crown
under the ascertained as to the bearinc, of an old act of
questions, on Sun lea,
IT-reptreonheibiting the opening of disorderly places,
of discussing religious and political
This opinion has b Ys—on the case of the Crystal Palace.
liven to the effect, that the wording
of the statute in
portion of the Crystal Patc
reeonders it illegal to open any
sequently the charter has
~bheeaunrgiveen
park on. Sundays, and con-
a clause provid-
in.. that no such opening
ailiture phall think fit to •paaction, ie ay, uniess he Le"
. MO.

! i
F 124 i 134
4i

...... 22:
13
25
25
104 i
651

THE SUN, LONDON, FRIDAY EVENING, DECEMBER 3, 1852.

VIAL NEWS.

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 6/ to 7,6 Q Bahia at 611, 300 Egyptian
at 6 to 9i, and 300 Surat, 4to 4i per lb. Rail-
way shares were dull, and a further decline took
place. _ _ _

THE BUDGET,

(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
affecting the property, rather than the industry, of the
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 Commons 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 allotmen

- 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
buyers. 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 :

" 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 :
" 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
300,000/., in 15,000 shares of 201. each, deposit 2/. 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 275,000/.,
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 44 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."

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

MONUMENT TO THOMAS IiOOD.

A meeting of the subscribers to the fund for the erec-
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 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 61 d. per ounce.
The correspondence between the Committee of
Turkish Bondholders and Earl Malmesbury, has 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 sde tion of 2 per cent., for
o is
commission, the T • Government has ob-
viously not recei-v 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.

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 meetin;

had been anticipated, as upwards of 1001. had been
already paid -into the Commercial Bank, another
1001. would be added to it in a few days, and interest
would accrue on the amount deposited until it was
withdrawn.

On the suggestion of Mr. Young, it was determined
that the subscription list should be kept open until the
Ist of February.

A vote of thanks to Miss Eliza Cook, and the two
other trustees, for the great exertions they have made to
increase the amount of the fund, and also to the Com-
mittee, was carried unanimously.
A resolution was then moved, That a general Com-
mittee be appointed to manage the raising and appro-
priation of the subscriptions, selected from the general
body of the subscribers.

Mr. BALFOUR opposed the resolution. He would ask
the mover whether any of the long list of subscribers,
from the Duke of Devonshire downward, had expressed
their dissatisfaction at the present composition of the
Committee ? For his own part, as one of the Com-
mittee, if there could be found any body of gentlemen,
literary or otherwise, who could do better than the pre-
sent Committee had done, he was quite willing to retire.
He thought they had all done their duty, from Miss
Eliza Cook, who had gone to Kensal-green and stood in
the damp—(laughter)—to write apoem on Hood's grave,
down to the humblest Committee-man. There would be
one inconvenience attending this proposition, and that
would be, that they would have to introduce into the
Committee not only the Duke of Devonshire, who headed
the list, but also the "poor needle-women," who
came at the bottom ; and he left it to gentlemen who
were acquainted with public business to say how a
Committee of that sort would act. (Hear.)
Mr. MAGUIRE opposed the motion in an eloquent
speech._

The SECRETARY said, that he had within the last few
days received a letter from Hood's daughter, expressing
her extreme 'gratification that the intention to place a
monument over her father's grave should have origi-
nated where it did, and assuring him that both herself
and her brother felt as much pleasure in that simple fact
as in the design itself. (Hear, hear.)
Mr. ESPINASSE defended the Committee. Looking at
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
had ever been formed for a similar purpose. (Hear,
hear.)

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
_ _ _

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

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

FRIGHTFUL AND FATAL ACCIDENT NEAR
LIVERPOOL, ON THE LONDON AND NORTH-
WESTERN RAIL WA Y.-AN 'ENGINE-DRIVER
AND STOKER KILLED.

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 defdciency 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-

LIVERPOOL, THURSDAY NIGHT, 12 O'CLOCK.
This afternoon, a shocking accident occurred on the
London and North-Western Railway, at Huyton, near
this town, by which the engine-driver and fireman of the
express train from Liverpool to London were killed.
The express train for London left Liverpool, as usual,
at a quarter past five o'clock this afternoon, and pro-
ceeded at its usual rapid rate of speed. On arriving at
Huyton, a distance of about six miles from Liverpool,
and whilst going at the rate of about 40 miles an hour,
the engine suddenly ran off the line on the near side of
the railway, and rolled down on to the side of an em-
bankment. The engine ran across the rails with tre-
mendous force, tearing up the train-way and sleepers to
the extent of nearly 100 yards, leaving, in its course, the
broken fragments of the iron railing scattered in every
direction up and down the line. The train consisted of
four first-class carriages, and a luggage van and
break waggon. The coupling chains by which
the carriages were attached to the engine were
broken, and whilst the engine was driven off the
up line of rails, and embedded in the earth on the
left embankment, the carriages were forced from the
up line, and thrown in an oblique direction, partly upon
the down line, the effect of which was that both the up
and down line were blocked up and the trains were
stopped. On an inspection, immediately after the
accident, it was discovered that both the engine.
driver and the fireman had been pitched off
the engine, and no doubt killed on the spot. When the
mangled remains of the poor fellows were discovered, a
frightful sight presented itself. The engine-driver was
lying on the side of the embankment with his head com-
pletely severed from his body, and the fireman was lying
some yards from him, the body being cut into two
pieces, just below the stomach, and otherwise shockingly.
mutilated. The guard fortunately, but almost miracu-
lously, escaped injury, and on looking into the carriages
it was also found that none of the passengers had suf-
fered. Their escape is attributed to the coupling chain
of the engine having broken at the moment when the
engine flew off the line. This was a providential circum-
stance, for had the engine dragged the carriages
after it down the embankment, it may easily be imagined
that the destruction of human life would have been still
more fearful than it was under the circumstances of
the catastrophe.

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. _

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 1001 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 Mexican Bonds
have been 24i to 25. Brazilian New have
been at 97f to 98. Grenada Stock is worth 13 to
f. The Turkish Loan is at 1 premium. Dutch
and Russianßonds are firm.

Railway Shares are flatter again, principally
from the diminished dealings.
Gold Mines are not so good, nor the Australian
Banks.

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, inquisitorial, and expensive with reference to col•
lection. The more extensively they are 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

Bank' Stock Business done.
223 i 2
3 per Cent. Reduced Annuities.-- ....... . 1001 100 i
3 per Cent. Consols Annuities
New 31 per Cent. Annuitie5........... . ... 103 i $ i
Long Annuities, Expire sth Jan., 1860..... 6 7-16
India Bonds, £lOOO BO 3
Consolsfor Ace0unt......... ................... ••
Exchequer Bills Id. 'March. June.
£lOOO.
69 72 72 69

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-construe-

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 expect 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 find whereon to found a corn-
prehensive budget—to enable a Chancellor of the Exche-
.

The news of the disaster was almost immediately tele-
graphed to Liverpool, and in a few minutes an engine
and a number of waggons, containing about 100 work-
men; were despatched to the scene of the accident, to
assist in clearing the line, which was now impassable
either way. Meanwhile several trains to and from
Liverpool had arrived at Huyton, and could proceed no
further—the line was thus blocked up both on the Liver-
pool and Manchester side. The first object was to
dispatch the express train to London. It was not deemed
safe to send on any of the carriages which had been de-
tached from the ill-fated engine, and therefore, on the
arrival near Huyton of the half-past five o'clock first-
class train from Manchester, the passengers of the last
named train were transferred to the train from Liver-
pool which had followed the express, and so sent on
to Liverpool, while those of the passengers by
the express who chose to go forward, were placed
in the Manchester carriages, and these went for-
ward to London after about two hours' delay. In the
meantime, the trains from Manchester, London, and the
North, continued to arrive in quick succession at the
scene of the disaster, but were unable to proceed on their
journey in consequence of the line being still blocked up.
Several of the trains from Liverpool were detained at
that station for several hours, until it was ascertained
that the line was clear. Eventually, the line was cleared
about ten o'clock, and the trains which had thus been
detained proceeded after a delay of upwards of five hours.
The London train, which is due at Liverpool at a quarter
before eight o'clock, was the first train which passed over
that part of the line after the accident, and it arrived in
Liverpool *t eleven o'clock. At the time I write (12
o'clock) the over-due trains are still being dispatched to
Manchester, London, and the North.
In the hurry and confusion of the moment, it is diffi-
cult to ascertain how the accident occurred, but it is
supposed by many that it was owing to the slippery
state of the rails. There was a heavy fall of hail just
before the express lent Liverpool, and it is conjectured
that this may have had a prejudicial effect on the rails.
No doubt the matter will be fully investigated at the in-
quest.—Correspondent.

quer to deal with our whole fiscal financial system sa-
tisfactorily, thoroughly, and equitably. The fundholder
has benefited more than any member of the community
from free trade ; and if the. 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
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 500,000/.
would be required to pay off the recusants. What could
they do with their money if they had it in hard cash ?

COURT OP COMMON COUNCIL. —Yesterday a Court
was held for the dispatch of business, when the new Lord
Mayor took the chair for the first time. A vote of thanks
to the rate Lord Mayor, for his conduct while in office, was
unanimously passed. Mr. Deputy Conley requested to be
informed whether a day had been fixed for the entertain-
ment at Guildhall in lieu of the feast of the 9th of Novem-
bar, postponed on account of the death of his Grace the
Duke of Wellington ? Tho Lord Mayor said he felt plea-
sure in stating that invitations had gone out for the Bth
instant, and that he had every reason to believe that the
City would be honoured upon the occasion by the presence
of a number of distinguished guests. In answer to a ques-
ffion from Mr. Deputy Harrison, who doubted the right of
n committee of the court to appoint a deputation without
Ir,he consent of the court itself, to represent the corporation
at the funeral of the Duke of Wellington, Mr. John Wood
stated that the committee had, as it would be found when
the report should be brought up, acted upon the precedent
of the proceedings,on the funeral of Lord Nelson, and com-
pletely protected the civil privilegefs.--Adjourned,