The Sun.
London, England, 1852-04-24 00:00:00

1111-E StTN,

suggested by the late First Lord of the Treasury,
and to the scheme proposed by the present Chief
Secretary for the Home Department. It will be re- 1
membered that against the former enterprise Lord
PALMERSTON directed such an overwhelming blow of
opposition that before the pressure of its impetus the
whole fabric of the Administration crumbled away
It will be observed, moreover, as a sort of corollary
to his remarks upon that occasion, that the Noble
Viscount spoke last night with, if possible, yet more
remarkable energy of declamation in favour of the
latter scheme, the scheme submitted to the conk-
+-ration of Parliament by the Conservative Adminis-

Exchequer, and th‘at mqny families were COM-
pelted to throw themselves upon the tender
mercies of the union work-houses, from the
unjust and impolitic restriction upon giving publicity
to their wants and wishes. _ _

It may suit some parties to assert that there would
be no reduction in the tariff of charges for the ad-
vertisements which are entitled to peculiar favour,
viz., those relating to applications for employ meat,
but that the same rates would still be demanded and
paid, that the only difference would be that certain
sums would find their way into the pockets of news.;
p4per proprietors, in place of into the
national Exchequer. The argument is simply
ridiculous. There is too great a competition
in such matters to render it po,sible, much lass pro-
bable, that any such attempt would be made, but if it
were it must necessarily prove abortive. The privi-
lege of full and unrestricted publicity is one that will
be thoroughly appreciated by every one of the indus.
trious classes. _ _

tration•
After the significant amendment proposed by
the Honourable and Gallant Member for
Westminster, an amendment suggesting that
the Bill should be read a second time that day
three months, the debate assumed a colour such as
at once revealed that the opinions of the House upon
the matter were, in the strongest sense of the term,
diametrically antagonistic. Antagonistic be it remem-
bered, not upon the principle of the measure, but upon
its probable operation. Insomuch was this the case
that the ex-Premier commenced his opposition to the
projected enactment, by observing`" It is because I
feel that this country requires more internal defences
—it is because I think these internal defences ought
to be better organized than they now are, that I feel
myself unable to consent to the second reading of
this Bill." An apparent non-sequitur so very startling
could not tail, of course, to elicit roars of laughter,
but the accuracy of the assertion received on many
sides the strongest corroboration• Instead of ar-
guing after this fashion, however, Lord PALMERSTON
remained consistent to his original impressioh upon the
matter, and while he continued to advocate
unprecedented measures of precaution like those
originally suggested by himself, and such as those
now propounded by the existing Government, he
took occasion, in his reply to the speech of Lord JOHN
RUSSELL, to wreak a more signal vengeance even
then any he had hitherto obtained over his late
Ministerial colleagues. " I had hoped," said Lord
PALBINESTON, " th,t when this House was called
upon to consider a measure admitted in its princi-
plee, at least, if not in its details—in its object, if not
in its provisions—admitted by all parties on both
sides of the House—(Cheere)—by the Government
that was and the Government that is, to be essential
for the best interests of the country, that that mea-
sure would have been discussed solely with a view to
the defence and security of the realm, and that no
party feelings—(A burst of cheering from the Minis-
terial side of the House)—would have mixed
themselves up with the discussion of the present
measure.—(Cheers.) I confess it is with much sur-
prise, and suit more pain, that I have witnessed the
line which the Noble Lord and those of his followers
who have preceded him—(Another tremendous shout
of applause from the Ministerial side)—have thought
it their duty to pursue upon the present occasion.'
No wonder the occupants of the Treasury benches
greeted words like those with their interpolated ac-
clamations, no wonder they celebrated the support
obtained from a statesman of such considerable popu-
larity with an enthusiasm indicative of their latent
sense of exulation. The speech delivered last even-
ing' in support of Mr. Secretary Weixoee's Militia
Bill by Lord PALMERSTON-, is calculated to prove
more advantageous to the present Cabinet than
would have been half a dozen triumphant majorities.
That speech may save the Ministry from the ig-
nominious, because summary and peremptory
rejection of their first measure, which we believe
must have been otherwise inevitable. For ourselves,
we are as eager as the late Foreign Secretary could
possibly have been to deprecate anything like party
feeling in reference to a matter involving the very
stability of the empire. Like him, we should regard
& factious opposition upon a subject of such marvel-
lous import as more than, and even most peculiarly,
unconstitutional. ' But factious though we have
at different times deemed the course pur-
sued during the present session by the members of
her Meeener's Opposition, decisively and sternly as
we have pronounced our condemnation of their pro-
ceedings towards the new Government—we
cannot regard the views entertained in the
present instance by Lord Jones RUSSELL and
his supporters as either factious or unconstitu-
tional, we cannot speak otherwise than in terms of
respect of the arguments which in their instance
we feel assured are traceable less to the
dictates of party feeling than to the promptings of
an earnest and energetic patriotism. Mistaken they
may be, but that they are likewise sincere we rest
satisfied, if from nothing else, from the circumstance
of their obdurate consistency.
Meanwhile,. during the discussion of the ques-
tion of our national defences in the English
Legislature, the Continental Powers, such as
France, must be somewhat entertained by the
complacent exposure of our own .weakness-
Aware that such has already been the case,
it is seriously to be hoped that we may not
disagree so totally in reference to the most
advisable means of defence that no measures
at all may be adopted in the end, and that
after displaying how peculiarly vulnerable England
is in reality, our administrators shall fail altogether
in their efforts to render it invulnerable.

•
There is another point, too, that must be imme-
diately attended to. The income-tax will, of course,
be renewed, but not in its present form. Schedule D
must be considerably modified before it can receive
the legislative sanction, or even the assent of any
body of honest men. The equal taxation of all kinds
of income, no matter from what sources derived, or
whether permanent or fluctuating, is s girntic absur-
dity, that is at length thcrt.ughly understood. TiN
people were too long hoodwinked, but tbeT. will be
so DO longer. The late Ministry forfeited thA ap-
probation of the community by trying to maintain
an untenable position. Their successors will not
fall into a similar error. The income• tax must be
placed on a just foundation, if Ministers hope tor a
prolonged tenure of office after the repAly approach-
ing appeal to the country

COURT OF CRIMINAL APPEAL

The popularity, nay more, the very existence of
the present Government, will depend on its fiscal and
financial policy. Friday, the 30th of April, will
prove the crisis of its fate. If the country can then
be satisfied that every notion of a bread-tax has been
finally abandoned, and that just and equitable mea-
sures are under consideration, and likely to be intro-
duced in dile season, it will not sanction anything
approaching to a factious opposition. Whatever may
of "the happy family"—however be the feelings
strongly they may feel respecting the inalienable
rights of RUSSELLS, GREYS, and ELLIOTTS to the
sweets of office, the people are not quite so devotedly
attached to their rule as to sacrifice subAtantial bene-
fits for their sake. The
_Earl Gave was not sn very
meritorious in -his Colonial, " mar-adrninistration,
nor was Sir CHARLES WOOD so exeeedingly popular
as to create a demand "for men rather than mea-
sures," or for their restoration to the official residences,
in Downing-street, at any cost.
Protection being, as yn. have stated, abandoned,
we look for more from the prevent Ministry than we
Could have anticipated from their predecessors; we now
look forward with confident Lope to an Equlliza!ion
of taxation, a matter on which we have long and
strenuously insieted, but which could not be ob-
ained while Sir Castings Woo]) presided over the
national finances. The local burdens will, in all
human probability, be assimilated ; and wa shall not
again. hare for complain of the le,s we il7hy districts
being compelled to contribute more than four times
Ili much in proportion to their means as their more
inrtunate neighbours.

It is also by no means unlikely that the doctrines
of free trade may be more fully carried out
by the Earl of D
anertainaciththaauttsgelc.lii
theyikre unquestionably
RUBY than they could have been by
tolerated—Well
itag
Lord Joel( lit
exclusive
et
privilegeshas
will
ill been
no
longerclearly
be
riculturiste must submit to compe-
tition as
satisfied
the rest of the comunity. They
should be
get no more, but to that they are
with " a clear stage and no
favour," they will
unduly burdened or over-
entitled.
weighted tlhte entitled to relief,
and that can only be
of the general taxationaled by
an equitable adjust-
ment of the country.
We do not, of course,
measures
of
fiscale pct that
. great and com-
prehensivepolicy can be carried
during the present seas'
toe, or that e
exposition of the Ministerial views and" feelings
a complete
n
be,brought forward on Frisfig.' Aiv,a feelings can
may, however,
receive an instalment on account.
With so large it balance on hand, Mr. D
mama
should give something- Ha BhUllld not retain all,
and allow us to feed for the next year on un-
substantial promises. From what fell from
him on Thursday evening, We, may almost
reckon upon . the abolition of the advertise-
ments duties which, although producing to
the revenue but 150,0001., or at the outside 160.0001.
per annum, occasion great annoyance and irritation
to men of all classes, and are peculiarly detrimental
to those whom it should be our object to assist to
the utmost degree. ; We 47..?lieve that if the result of
that iniquitous impost could be fully ascertained,
that it would be found that the poor-rates were in-
creased by far more than the amount paid into the

..)Tfri
LONDON,

C/onsei it, 0 .• V •
ditto Ac Counts MAV 11 ••

ONE
PKICES OF BI aTD3O. FUNDS O'CLOCIC.
801. :itoo. ... ......... . ................. 220 i 220
3 e
Cent. Re .4eti Anus. .......... 98318 99
3 ~, Cm- 4.. CPI. poi A Ann -i.i,w.... ..... 995414
3 per Cent. Am id ities, 1726 ••...... 98,4
ev,v 614 per : :Ws at • .twie ... . . 1005 AN
Long 'awe. to ,:eci ArA Jan. lOA ..... . 6 13-16
Ditto. 30 years. Oct. 10. 1859...... 654
Ditto 30 Year'. Jan. 5,1860......•1860.......7 1 16
1.-..:11,-; iiouds. istYsl i. ...... • ____
uitto undr I.netn/....... •
Cowl A ror Account .„ .......
..,
,r,scheque,. Wile. 150.
1,00(.4. .. .... • -

Railways. Nominal Prices. Butiness
to-day.done try
4.0
Cent. France (0.V.) an 23% 233/ x.d x.d tr
Char!. & Erquel. all pd 13 —l5 14 133/
Demerara all pd • ..• Pa
Dutch Rbenish...B/. pd 31/2 —3% die.
East Indian 18/. Hd 3% 33a rit
Do. Do 20/. pd rt
Etc
Gt. Indian Penin. all p —1% P B.
Do. Do 4% pd 5/8 Ye P vi
Louv. a la Sambre 7% .
Tr
Luxembourg l3l. pd 43/ 5 5 ei
Do. (Railway) 10/. pd 35/8 —3% V
'Do. l/. pd % %
Do. (Canal) pd 3% 1
Maria AntoLia 27k. pti
Do. New 8% pd•
Namur & Liege all pd —6% 6%
North. of Frauce,l6l.pd 24% 24%
D 0.20/. 3 p c.Bde,all p 1335 13 y 8 13%
Orleans & Bor 11/. pd 4% —4% p
Park & Lvona pd 4% 45/g P
Paris & Orleans all pd 47 --48 x..d I'd 1
Paris & Rouen ...all pd 3134 —32 g I%
Paris & Stras. ...all pd 2234 —23
Rouen & Havre...all pd 11% 12% x.d 117/8 x.d
Sambre &Meuse all od 4% —4% 5
Sr. Andrew's & Quebec
(A) 4/. pd
Tours & Nantes 17/. pd 5% , •51% die. 11%
West Flanders...B% pd 3 —3%
Wert. of France 61. pd 1% 17/8
MINES.
Agua Fria all pd % 1 p 1% 2
Anglo-Calitotniatt, all p 5/ p
Asturiar 151. p •
Australasian .....•21. pd 1% —13 a
Australian Si. pd 1/a 1
Austr. Freehold all pd % dia par
. Ave Maria ali pd .3% % %
Blaenarvon I. & C. all i
Brit. Austr. Gold all po y 4, dia par
British Iron 131. 15s. p „..
Braz. Im. (ie. sp) 24% 1% 2
Do. Coca. & CLII. all u ...
Do.. St. Job. del R. 151.
Carson's Creek...all pd •% y p
Cobre Copper 4Ol. pd ... 36 351%
Copiapo 14/ po
Eng. & Aust. Cop. all p par P 15% 5
General all pd
Gold Mountain all pd %dis. • %
Great Polge-th all pd 13a —13 k
.% Meld. &S. Amer: 9/. p .
Nouveau Monde all pd % % p 1%
Port Philip ... _AL pd p 1
Santiago de Cuba 10% 7
Tin Croft 7l. pd 9% 10% IQ%
5 United Mexican all pd 2%
West Mariposa all pd % % die
Colonial Gold, 1%.
JOINT-STOCZ BANJUL
Australasia all pd 39 40% x.d x.d
Brit. Nth. Amer. all pd 49% —5O 53
9 Colonial 25/. pc 11% 12%
Coni. or London 20/. pd 24 25%
Lon. & County 201. pd
Lend ti J'. S; k. 101. Pd 18 18%
Lon. & Westm. 201. pd 28% —29
No. Prw. Eng. 35/. pd•
' Do. New lO/. pd
Nat. of Ireland 22% p 17% —l7 18%
Orient. Bk. Corp. all pd 34 —35
Prov. of Ireland 25/ pd. 43% —44
Dn. New all pd 15 7/6 16%
Union of Austral all pd 37 —3B
Do. .New 2% po 3
Union of London 10/. p 14% —151%s
Union of Madrid all pd
MISCELLANZOITB.
Canada 32% pd 48 49%
Eastern Steatn...2s. pd
Gen.Stm. Nay. 14/. pd 28% 28%
Penin. & Or. St. all pd 80 793/4, 80%
Do: Do. ...151. pd 83
Royal Mail Stm. 60/. pd 78 —79 x.d x.d
Universal Emigration
and Colonization, 2/. p
, Irish Beet Sugar, 2%.

HONEY and COMMERCIAL NEWS
CITY, Two O'CLOCK
The sales of Cotton at Liverpool yesterday were esti
mated 'at 7,000 bales, of which 2.000 American were
taken for export and en speculation, The market
closed tveadily.—The Share Market Was active, and
better prices were obtained.
The changes in the items of the Bank of England ac-
count were rather important during the week to the
17th instant. The payment of dividends absorbed again
every considerable amount of the public deposits, and
led to an extended circulation of notes. The loans and
discounts were contracted more than a million Sterliog•
and the specie, owing to she large arrivals, was decided 4
increieed. Compared with the previous week, the
changes are as follows:-- ,
Notes Issued .c.‘ ... 39,080,270
Increase 346,485
Rest"" ••• ... 3,094 923
Increase 3 701
Public Deposits i.. ... 3.965 285
Decrease ... 1 499 366
Other Deposits 13,906,918
Decrease •.• ••• ••• 86,014
Seven Day and other Bills ... 1,166,306
• Increase ..„ 3 458
Government Securities ... 13,295 779
Decrease 905,316
Other Securities ... ... 11,086 331
Decrease 139 513
Notes ... 11,024,320
Decrease 501,880
Bullion ... ... 19,526 897
Increase 281.598
Active Circulation 22 055 950
Increase ... ..• ..• 848,365
Bills of Exchange on the principal Continental cities
were negotiated yesterday afternoon at previous raw.,
generally. Paris 25 574 to 624 for ninety days
paper; Amsterdam. 12 2 to 2j; lismburgle, 13 104 to
114; and Trieste, 12 23 to 28.
The amount of bills drawn by the lion. the East Indi •
Company during the fortnight to last evening upon tet•
three Presidencies was 130 3331.
• The meeting of Mexican bondholders held yesterday
afternoon was of a very unanimous and eucoaragi,,g
character, • The creditors appreciate to the fullest ex-
tent tbs honourable disposition manifested by-the Go.
veroment of the Republic on many occasions, but.
they likewise feel, that, from ono cause or an-
other, the promises made when MI submitti d
to the last conversion and its attendant mimeo. 8,
bave not been fulfilled, and that they have a fair
Sight to demand that they shall be so fulfilled.
The gravest fault imputed is the no neremittaeee et
the dudes which accrued prior to December, 1850, and
which indubitably belong to the foreign creditors, and
the next point to be enforced. is a provision that will not
allow the dividend again to get into arrear. The sum
it command is confessedly insufficient, and either a sup-
plementary assignment of revenue must be made, or the
bondholders Mill legally revert to 'their former claim of
5 per cent. per annum, with capitalization of all-arrears
at par. The Government, however, manifests a dispe-
sition to be jag, sod if it can succeed in farming
revenue, may prove successful. This important matter
mast soon be brought to an issue; and for its facilita-
tion, as well ins for tae arrangement of the balances due
from M. B3candon and Messrs. Manning and Mackin-
tosb, Mr. Falconue thus ample powers. Tne meetingyes•
terday willingly confirmed what their committee has done;
and, looking a t the results attained in the face of great
difficulties, no doubt full credit is due to the former. L
is gratitying b-) know, likewise, that Earl -liialmesbary
will assist, an his predecessor did.
The accous to from Leicester and Manchester are
rather more ei acouraging, and.there is a slight improve-
ment in the wiJolleo distt lots.
The amount; -of the precious metals' .exported froiti
London aireCV during the week to. Thursday last was
500,246 ounces serf silver, mostly to Hamburgh and Bel-
gium, and 13,001 ounces of gold and 5501. to Calais and
Germany.
The English Securities have been less animated, and
the qeotationti are rather weaker. Console have realized
994 4 for Tre aster, and are now 994 4. For Time, they
have bet-ti 994 and 994. The New Three-and-a•Qaarter
per Cents. td *e worth 1004 4, and the Three per Cents.
984 to 99. f lank 'Stook is at the lull privet) of 220 to
2204. Each, quer-bills have realised 71s. to 745. and
'lndia Bonds 8 6a. to 87s.- premium.
• Foreign Stottks are likowise rather, flatter. Mexican
341 to 4fur the Five per Gents., sad 284 to # for the
Three per Nate. Spabish Three per Cents. have been
214 4, cud Portuguese Four ,per Cents. 384 4. Buenos
Ayres Bonds are 78 to 79. French Fives have been
100 25, with the exchange at 25 45. Dutch Two-and-
a-Halt per Ce nts. are quiet at 62.
Railway St tares maintain generally about yesterday's
rates, with 1. .ss doing. French Soares are dull and
flitter.
Mine, are ni brisk, but South Australian Copper have
touched The English and AdEltr4llolla
premium. Lewis Hill Range and Australian Gold
Rt.finiug are called about premium.
QUARTER TO THREE.
... 99
... 991

CLOS! Q
PR ICES
220

98%
106y8
6 13-16
6%
7 1-16

86 87 p
99%
ht arch.
74 71 p
ONE
YBICiGt OF FOIWIC4% VITNDri. O'CLO •k
Bonds, 5 per Cent. 9O/2
Dit ;O, New, 1829 and 1839
B ,onus Ayres Bonds, 6 per Cent 78 79
Ait 5 :hri en , 1816 ...
Olt to. Account
Ditto, 3 per Cent.......
Port 4,:uelse pa* Uenta.
Ditto. 4 per Cent.
Russian Bonds
Ditto, 414 per Cant .
Sardinian Bonds, 5 per Cent.
S ,arush 5 per Ont. 1840
Ditto, 3 per Cent
Ditto, New Deferred ......... 21%1/4
Venezuela Bonds, 3 per 49
Ditto. Account
Dividends on the above paYab,e •ft2Ls;ndor
100 f ',4254c
French 454 per Cent.
62
Exchange ........... . ................
'etch 2% per Cent. 12 Guild•••• s
WWI Pit Cat' C61"1"" 25f 45c

86 p
99%
June.
64 G 7 p
N
PRICES
99V,
9834,
78 7J

1033/4
in Wz