The Sun.
London, England, 1864-11-29 00:00:00

(2--L Z)

•
.444, t;=l4o'
„ Y.?
„dew
.;,
y~e~='~+,~~g•
I;4'
A 44, tv
..f.‘
4, 'Pt •
4 444/
:,r.„ •
=
_ .

THE SUN, LONDON, TUESDAY EVENING, AOVEMBER 29, 1864.

continue or increase or diminish the amount of rates
and rents authorised to be taken by the Corporaticn or
the Local Board under the same Acts or 13111 or any
et them, and to levy for all or any of the purposes
of the said Acts or of the said 8.11 new or additional
borough rates, general or special district rates, and ether
rates, tolls, rents, and duties, and to levy such rates respec-
tively of differ, nt amounts in different parts of the borough
or district, ,nd to levy the watch rates within the borough
as part of the borough rate of the borough, and not as a
separate rate, and to regulate and provide for the receipt
and application of the several sources of income and profits
of the Corporation and of the Local Board, and of the several
sums of money charged and to be charged thereon, and
to confer, vary, or extinguish ex, mptions from the payment
of tolls, rates, or duties, and to confer, vary, or extinguish
other rights, privileges, and exemptions.
And it is intended by the said Bill to enable the Cor-
poration or the Local Board on the one part, and the
churchwardens and overseers of the poor cf the respec-
tive parishes or townships of Acklam and Linthorpe
or either of them on the other part, to define or agree
upon some reference to au arbitrator, or otherwise
to define and settle the boundaries between the said
parishes cr townships and the parish or township of
Middlesbrough, and to provide for carrying such settle-
ment into effect, and for giving due notice thereof, and
for exempting the lands, houses, works, and other property
declared to be in either parish or township from the lia-
bility to future rates and assessments to be made on the other
parish or township party to such settlement.
And it is intended by the said Bill to incorporate or ex-
tend and make applicable for the purposes thereot all or some
of the existing powers and authorities now vested in the
Corporation and Local Board respectively under the said Acts
of 1841, 1856, and 1858 respectively, and the several Acts
respectively incorpo:ated therewith ; also all or some e f the
powers and provisions of " The Lands Clauses Consolidation
Act, 1845," " The Lands Clauses Consolidation Acts Amend-
ment Act, 1860," " The Towns Improvement Clauses Act,
1817," " The Markets and Fairs Clauses Act 1817," and
" The Gas Works Clauses Act 1847," and to confer upon
those bodies respectively all oilier powers and authorities
necessary for effecting the objects comprised in this notice,
and to repeal, vary, or extinguish all existing rights, privi-
leges, and exemptions which would interferAherewith.
And it is intended by the said Bill, so far as may be neles-
sary for effecting the objects and purposes thereof or other-
wise, to repeal, alter, or amend all or some of the powers and
provisions of the several local and personal Acts of Parliament
following, that is to say—" The Stockton and Middlesbrough
Waterworks Act, 1864 ;', and the several Acts therein recited ;
" The Stockton and Middlesbrough Road Act, 1856 ;" " Th e
Middlesbrough Improvement Act, 1811 ," " The Middles-
brough Improvement Act, 1856 • " ' " The Middlesbrough Im-
provement Act, 1858 ;" The develand Railway Act, 1858 ;"
"'The Cleveland Railway Act, 1861 ;" "The Cleveland Rail-
way -Act,. 18524" The- Tees— 'Conservan4 and Stockton
Dock Act. 1852 ;" " The Tees Conservancy Act, 1854." " The
Tees Conseivaecy Act, 1858 ;" " The Tees Conservancy Act.
1863 ;" " The Middlesbrough and Redcar Railway Act. 1845 ;"
"The Middlesbrough and Guisbrough Railway Act, 1852 ;" 15
'
and 16 Vic.. cap. 142 • 20 and 21 Vic., cap. 43 ; 24 and 25 Vic.,
cap. 244 and 219 ; and 26 and 27 Vic., cap. 154 ; and any other
Acts relating to the West Hartlepool harbour and Railway
Company or their undertaking, and to make other provi-
sion in lieu of the powers and provisions so 'repealed,
altered, or amended; and also if need be, to alter or vary
the tolls, rates, and charges authorise 1 to be taken by or
under any of the said acts, and to grant exemptions from
such tolls, rates, and charges, and other rights, privileges,
and exemptions.
And notice is hereby given, That duplicate plans and sec-
tions of the Port-Clarence Landing Place and works, and of
the Lands required for the purposes thereof, together with a
Book of Reference thereto, and a Copy of this Notice as pub-
lished in the London Gazette,will, on or before the 30th day of
November instant, be deposited with the Clerk of the Peace
for the County of Durham, at his office in the City of Dur-
ham, and on or before the same day a copy of the said plans,
sections, and a book of reference. together with a copy of this
notice as published In the London Gazette, will also be de-
posited with the Clerk of the parish of Billingharn, in the
county of Durham, at his pla,e of abode in such parish.
Printed copies of the said Bill will be deposited on or be •
fore the 23d day of December next in the Private Bill Office
of the House of Commons.

NE%V NOVEL BY THE AUTHOR OF " GRAND-
MO CHEWS MONEY."
Now ready, at all the Libraries, in 3 vols.,
R STEWARVS INTENTIONS,
J. By the Author of "Grandmother's Money," &C.
Hurst and Blackett, 13, Great Marlborough-street.

UNI'T'ED DANUBIAN PRINCIPALITIES.
LOAN for £916,000.

The Contractors hereby give notice, that the Subsea, tion
List will CLOSE at Four o'clock on WEDNESDAY, the
30th November, 1861, for London ; and at Twelve o'c.ock an
THURSDAY, the Ist December, ter the country.

Dated this 17th day of November, 1864.
JOAN S. PEACOCK, 1 Solicitor for
Town Clerk, Middlesbrough, I the Bill.
DURNFORD and CO., f
1 Parliamentary
39, Parliament-street, London, Agents.

PRICE • •4d.
8 TAMPS D .... sd.

all the evils of a divided responsibility. The reporter should
be independent, which he would not be if he had an editor
above him. In the Qaeen:s Bench reports the reporter who
did not report the case revised it and made friendly sug-
gestions, and that rystem worked well.
The amendment having been seconded,
Mr DENMAN said, having been roost reluctantly placed
on the conanittoe, and having attended a great number of
the meetings, he wished to state his reasons tor dissenting
from the recommendations of the committee. The principal
oljee;ion to the present system, if it could be called so, was
that they were liable to have good reports stopped for want
of sufficient support, and in consequence there was a want of
continuity in the reports. Now, if this scheme were to fail,
of course they added meet seriously to that sort of inconve•
silence, and they introduced into the profession an illusory
good which turned out to be an evil—a fresh set of reports
which lived only for a time, and flourished just long enough to
drive out of the field other .reports. On the other hand, if they
were successful, they could bueo only by creating a fearful
monopoly, and when they had established a monopoly the
reports would soon become praztieelly useless. A few words
as to the alleged present evils. Mr Daniel had glibly
assumed that the evils wore so great that they could not be
removed without gigantic scheme like this. Now, he be-
lieved that a meeting inLincoln's-inn would consist mainly
of members or the Chancery bar. (Cries of "No, no," and
" Yes, yes.") He believed that if that meeting were polled
two-thirds of it would be found to be Chancery barristers.
He believed that the two cases, that of the common law bar
and that of the Chancery bar, were distinct. In Chancery
the judgment went on a mixed -statement of law and fact,
and the reports were ten t'mes as difficult to prepare as those
at common law. He believed that was one reason why the
members of the Chancery bar were more anxious for a
change in the system than the common law bar.
Mr MORGAN objected to that part of the report which re-
lated to the retaining of the present authorised reporters,
and moved an amendment that it be expunged, and that
words be substituted authorising the council to treat with
them as to the termssumbiolit the; will be to is!..*
'continue their report" ^".g--

Mr JOSHUA WILLIAMS moved, as another amenament—
" That no reports of o tries can be selected by this meeting
which are not invested by paramount authority with the
privilege of exclusive citation."
Mr T. lirmisTEr. said he thought they would all agree
that the present system was bad, and that they would be
stultifying themselves it they did not adopt the report of
the committee, though for ono he did not agree with it in
all matters of detail,

Mr INCE, who spoke amid much interruption, contended
that the scheme could not answer, as it would be impossible
to obtain the number of subscribers required.
Mr HEMMING (who had been called upon) said the pre-
sent system was very objectionable, and he should delight
in nothing so much as any Leasable scheme for the estab-
lishment of a better system. But he was not quite satisfied
with this scheme, and he thought before they were called
upon to give an opinion Mr Daniel's figures, which were all
couleur de rose as he read them, should be placed before
them, and that they should have some time to examine
them. The scheme ought to be tried if there was a sound
basis for it, but they ought to have the opportunity of ascer-
taining whether it had a sound basis. He moved as an
amendment " That the committee be requested to circulate
among the bar the financial data on which their scheme is
based, and the result of the appeal made for subscriptions,
and any other information in their possession which would
assist the bar in forming an opinion on the principle and
feasibility of the project."
Mr E. WEBSTER moved as an amendment—" That in the
opinion of this meeting it is expedient that law reporting
and law reports be brought by the Government to the
notice of the legislature, with a view to their amendment.'l
The Chairman then put the various amendments to the
meeting seriatim, and they were all negatived by a large
majority, except Mr Hemming's, on which apparently
about an equal number of hands, were held up for and
against, and the chairman said there must be a division.

Tellers were appointed, and the result was that there
were for the amendment 111, against it 126, and it was
consequently negatived.

The original motion was then put and carried.
Mr DANIEL then moved—" That the Attorney-Genera
be requested, as president of this meeting, to communicate
the resolution adopting the report to the Lord Chancellor
and the Benchers of the Inns of Court, to the Society of
Sergeants' Inn, and to the Incorporated Law &ciety, with
a request on the part of the meeting that they may seve.
rally be pleased to further the objects of the scheme." He
said that from every quarter of England they had received
communications sanctioning the proceedings of the com-
mittee, and expressing hopes for the success of the scheme.
A BARRISTER—What is the number of subscriptions ?
Mr DANlEL—Something under 300, (Cries of "Oh.")
Could they expect it .to be otherwise ? (Cries of "Cer.
tainly not," and laughter.)
The motion was then carried unanimously, and votes of
thanks having been given to the Attorney-General for his
conduct in the chair. and tO the committeo for the trouble
they have taleon in the matter, themeeting separated.--

Mr. Cobden on American Finance.

(From the limes' City Article.)

Attention has been called to the statements made
last week by Mr Cobden on American finance in
his speech at Rochdale. Mr Cobden is reported to
have said that the annual amount which Mr Glad-
stone is now drawing from this country in time of
peace is very nearly the same as the amount of the
present Federal expenditure, assuming that expen-
diture to be £2,000,000 dole. per diem, and " having
regard to the depreciation of American currency
and the present rate of exchange," Furthermore
he asked, " Why is it that the American States
have laughed to scorn the prediction of all our
writers on finance who told them that they could
not go on with the war for six months without com-
ing to Europe for a loan ? How is it that they have
deceived and disappointed the whole of Europe ?''
—a question to which, in the midst of the cheers of
his audience, he immediately replied by intimating
that the whole secret lay in the fact that the Ame•
ricans, by their economical government, had saved
10 millions sterling per annum for the past 40 years
and had thus accumulated a " fabulous" sum to en-
able them to pass triumphantly through their pre-
sent terrific strain. It seems scarcely credible that
Mr Cobden could have made these assertions. In the
first place, by his announcement that an expenditure
of 2,000,000 dols. per diem, or £146,000,000 stet.-
ling per annum, is to be considered only about equal
to our own expenditure of £70,000,000, " having
regard to the depreciation of the American cur-
rency," he notifies to all the world, not only that
the Americans never intend to redeem their note
liabilities at par, but that it is quite proper for them
at once to base their calculations upon this system
of repudiation. Next, when he asks how it is that
the Americans have laughed to scorn the prediction
regarding their coming to Europe for a loan, and
proceeds to account for it by their having during
the last 49 years somewhere accumulated 400 mil-
lions sterling at compound interest, he simply in-
vents a reason for a fact which has no existence.
Throughout the entire war the Americans have so
besieged Europe for pecuniary assistance that they
are estimated to have obtained from Germany
alone 40 millions sterling, while Holland has
likewise contributed in proportionate abund-
ance. As far as this country and France are con-
cerned, we have had special deputations from Wash.
ington to ascertain our inclinations, and if the sums
procured from us have not been of the magnitude
anticipated it had been from no neglect on the part
of the Federal Government. As to the " fabulous
accumulations" of 40 years at compound interest,
their reality has yet to be demonstrated, since dur-
ing the whole of that period America has found
it necessary to appeal to Europe, and chiefly to
England—the country which Mr Cobden accuses
of having hopelessly wasted its substance—for the
capital to carry out all the public works by which
she has developed her resources. Moreover, even
supposing these savings to have been otherwise than
imaginary, many people would think it better not
to save at all than to do so in three years' saturnalia
of carnage and destruction. The fact is, that the
Americans have not, "deceived and disappointed the
whole of Europe," and there is reason to fear that if
such a resalt is to be witnessed it will not be from
the astounding accumulations present to Mr Cob.
den's mind, bat from the adoption of Mr Cobden's
mode of reckoning the expenditure of a borrowed
dollar not at 4s 2d, but only at is 6d, As to the
Americans laughing to scorn the predictions of the
financial writers of this country, it would be more
charitable to them to assume that even if they con-
sidered us in error they would abstain from laugh•
ing us to scorn, since at all events among financial
writers there has been no disposition except to warn
them of dangers which Englishmen, accustomed to