The Sun.
London, England, 1852-04-02 00:00:00

4 kintinitt 2:1114 t .

LONDON, FRIDAY, APRIL 2, 1852.

of a dilapidated Ministry might, on being
recognised and acted upon, have been
viewed as suggestive of a similar effort
in regard to the unsightly pile of masonry connecting
at Lambeth the river banks of Surrey and Middle-
Eex. After relieving the country of the old Whig
Cabinet, the new advisers of the SOVEREIGN might
not inappropriately relieve the Thames of old
Westminster-bridge—erecting in the place of the
latter a more symmetrical structure, as they had con-
structed in lieu of the former a more definite and
comprehensible Government. But no—on the Ist
of April, appropriately enough—it was simultaneosly
announced that the consent of Lord J. MANNERS was
withheld from any measure such as the one suggested
by the Member for the University of Oxford, and
the ballads of Lord JOHN MANNERS were announced
to be again on sale at the RIVINGTONS. The archi-
tectural improvements of the metropolis would seem
to have been added to that " wealth and commerce,"
to those "laws" and to that "learning," which the
laureate of Young England wished to behold sacri-
ficed to the Moloch of " nobilitie." It matters
nothing that the "silent highway," the principal path
for the traffic of the wealthiest capital in
Europe, should still be disfigured by the most dis-
graced structure in the shape of a bridge that could
well be imagined ; it matters not that that structure
was declared to be in a dangerous state six years ago,
and that the demand for its destruction was two ses-
sions afterwards pronounced to be imperative—the
carrying out of the suggestions made by the last
Westminster-bridge Commission involved the neces-
sity of a somewhat inconvenient exertion to some of
the members of the new Cabinet, and therefore this
postponement! All that could last evening be
extorted from the Chief Commissioner of
Woods and Forests was the production of a
note relating to the subject under discussion! Lord
JOHN MANNERS consented to lay upon the table of
the House of Commons the letter referring to the
stability of the present bridge, written by—a gentle-
man whose name must be regarded as peculiarly un-
lucky under the circumstances—WALKEß.
Although it were superfluous and little less than a
waste of time, under the peculiarity of the case, at
present to enter into any detailed examination of the
arguments contained in the report of the Westminster.
bridge Commission of 1851, it may still be observed,
as bearing somewhat forcibly at this moment upon the
question here under consideration, that the document
referred to closes with the seven subjoined resolu-
tions, and these resolutions, moreover, let it be re-
mernbered, agreed to unanimously :
" I. That the present bridge should be used as a
temporary brV go until a new bridge shall have been
C struc Lt. d.

" 2. That a new bridge should ba constructed ad-
joining, or as noes as poslible, to the present bri;:ge on
Om north side, that is, lower down the river.

3. That the new bridge shank' not be less than CO
fat in width, including the footwe.p.
" 4. That it bo constructed of iron, with stone piers.
" 5. That it consist of no more thmi five arches.
" 6. Ti:at the height of headway (d the centre arch
aboro Trinity dsturn be not less than 25ft. Gin.
" 7. That it is desirable that no time should be lost in
making preparation for the commencement of the work."

Whether the new structure (►hat, we must still hope,
is "to b,") should be built upon the model of the
locidge at Southwark, or whether, instead of being
east-iroo, it should be granite, built in a manner likely
to harmonize with the elaborated gothic pile
of the; new Houses of Parliament, is a question
which admits rather largely, of course, of argu-
ment, End might not unreasonably be reserved for a
little further consideration. But whether active
measures should or should not be adopted, with a
view to remove the existing bridge and to substitute
a new one in a contiguous situation, can scarcely
admit any doubt whatever, after that final
resolution of the Commissioners, to the ef-
fect " that it is desirable no time should
be lost in making preparation for the com-
mencement of the wore—the work of removal
and reconstruction. In defiance of which resolution
the matter bas again been referred to another session
by the Commissioners of Works, speaking in the
name of no Government. When is this deplorable
system of procrastination to terminate? When is the
country to be haunted no longer by that word of
" damning iteration"—postponement, postponement,
postponement?

There is, after all, to be no further inquiry into
the case of Harwich. The House of Commons last
night, after a prolonged di!cussion, decided against
the proposed investigation, and ignored the bill of in-
dictment that had been preferred against that rather
notorious constituency. Hear this, ye BLAGGS and
EDWARDSES, and rrjoice !—uplift your voices in exul-
tation, your honourable occupation is not altogether
gone ! It is true that ye may no longer have the op-
portunity of exercising your skill and ingenuity in
the scene of your former lebours ; but there
are many St. Albanses in the field, and many
zealous labourers in the cause in which
ye have already signalised yourselves, and whose
future doings may cast your quondam exploits into
the shade. What encouragement will the majority
of 42 afford to these exemplary gentlemen in their
laudable vocations! The golden key, or some equally
significant token may again be hung out. The House
of Commons has extended the shield of its protection
over a constituency where not only the electioneer-
ing proceedings have been most loudly and generally
complained of, but where the existence of habitual
bribery and corruption has rested on something more
than mere suspicion. It was a decision worthy of
those who rejected the ballot, who refused to
protect the voter against intimidation, or to place
him in a position where the sale of his vote would be
all but impracticable. It would almost seem as if the
Right Hon. and lion. Gentlemen conceived that these
practices formed an essential part of the British Con-
stitution, and that whenever they were completely
abolished the sun of England's glory would be set
for ever.
The division cf last night, combined with that
of Tu:sday evening on Mr. HENRY BERKELEY'S
motion, Rill
unquestionably exercise consider-
able influence on the approaching elections,
It will prove that an occasional scapegoat is
all that is required—that if a St. Albans should be
convicted, a Harwich would be suffered to escape
m comparative
i
withpsn ay. After all, the position of
the Rouse towards the inculpated borough is of rather
an anomalous
writ for a new character. It refuses to issue the
election in place of that which had
been declared
null
a character
a degree of guilt, but refuses to
institute any
searching a view either to ha
eearata did. It thus assumes the exis-
tence
ivo
of at least
ve
thereon,inciuiryr itnoth°avtehatthge uilt
guilt, with
pro-
per measures founded it clearly established,
of the e
goeselectors
ev
even
n exonerated
further ftrhosino s o
inexorable serious
I
d
ea charge.
RHADA-
MANTHUS. He first punished and then heard the
complaint; but the popular branch
the
° f and
Imperial
Legislature punishes while it refusese hearing. We
can scarcely wonder at the step
takenby
Gentleman the Member for Finsbury, the Hon.
' who,
although
a strenuous advocate for inquiry, yet
gave
when that inquiry was rejected, that he notice,
that the SPEAKRR should forthwith issue would move
his
for the election of a burgess for the borough of Warrant
wich. We doubt not that the Hon. Gentlemanilar: will
obtain a majority, and that those who have delibe-
rately refused inquiry will assist in carrying what
can only be considered as an act of amnesty
for all
past offences of the electors and representatives of the
borough of Harwich.

Westminster-bridge is doomed for yet another
twelvmonth to disfigure the Thames, and to contrast
with its dilapidated ugliness the architectural beauty
of the new Houses of Parliament. The anticipated
discussion of last evening ended in nothing more
definite than the announcement of a yet longer pro-
crastination. This is deeply to be regretted, seeing
that, no less than six years sgo, the old bridge was
declared to be dangerous, by a Committee ap-
pointed to inquire into the supposed necessity
for its removal. T sessions afterwards
the same opinion WAS pronounced by another
Upon a yet snore careful investigation. In 1851,
moreover, en elaborate report pointing out the exi-
gency (1-f
some improvement in this direction, was
formally submitted to the Lords Commissioners of
her liesisszx's Treasury
for their consideration.
That document—given in extenso elsewhere in our
impression of this evening
-
expl-incd more fully than
had hitherto been attempted the imperative demand
existing for an interference in this matter on the
part of her MAJESTY'S Government. Unhappily,
after all these encouraging and energetic preparations,
the subject has been once more set aside as one admit-
ting of further delays to 'alit the convenience of the
Administration. The rAcent substitution °
of Lord
DERBY'S Cabinet for the Cabinet of L
cra JOHN
RUSSELL is put forward as tha excuse for this
conjecture
the it would be difficult to "ni
the connexion that ca:i possibly exist between the
alterations of party,
erel toe temporary preservation
of the old bridge at Westminster. One might, on
the contrary, have in:Tined, not unreasonably, that
the necessity recent:7 existing for the removal

" What is a pound ?" was a question triumphantly
asked by the late Sir ROBERT PEEL, and repeated,
usque ad nauseam, by his followers, the plutocrats
and bullionists. The Right Honourable Baronet
defined the meaning of the term to be "neither more
nor less than a definite quantity of gold, with a mark
upon it to determine its weight and fineness."
Interested parties, those who were living in idleness
upon the fat of the land, and preying upon the
bowels of industry, accepted the interpretation with
joy, and considered the party by whom it was
put forward as " a DANIEL come to Judgment." It
was at that period the interest of the drones in
the national hive, to insist on the letter while disre-
garding the spirit of their contracts. They seemed
to forget, or rather to misapply, the principle enun-
ciated by JoILN LOCKE, that "Men in their bargains
contract not for denominations or sounds, but for the
intrinsic value." If this doctrine had been observed
it would follow, es a matter of course, that when
gold becomes unduly appreciated, so that the 5 dwts.
8 grs., which were called "a pound," possessed double,

" the purchasing power" previously belonging thereto,
the quantity of bullion elould ha reduced, so as to
make the debtor liable for the same intrinsic value
only in discharge of his obligation that, the same
nominal amount possessed at the time when it was
contracted.

THE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
TLe Senate held no eitting on Tuesday; and is not to
meet again More Saturday next.
In the Legislative body, M. BILLAULT, the Presi-
dent, took the chair at three o'clock. The report of the
proceedings of the day before was read over and adopted.
The rest of the chy was taken up with the verification
of the returns sent in from the late elections, and the
deputies of 28 departments were declared to be duly
nominated members of the Legislative body. Before
the sitting the deputies met in their bureaux, when the
following wore named Presidents and Secretaries:-Ist
Bureau
—M. Letcaine (Oise), N. Mi.
---saGPec'nYetraSiecßrertuaurye, M.
t.De verDOSne,rtiin.
Se. reNau.
4, Noubel. sth
Bureau—M. Godart, 111. Jules Portaliv. 6th Bureau—
BAg
ssubgr)
bnreae.attuum—c4i
net
.ih P.
Bureau—General Bog
Bureau—
Colonel Normand, Baron de Veauce. ith Bureau—M.
F. Favre, hi. Kcenigswarter.

This vier, however, was earnestly protested against
at the time by the bullionists. Gold was scarce and
could not be then provided in sufficient quantities
to meet the wants and exigencies of our rapidly in-
creasing population and commerce. The value of the
pound, convertible on demand into 123 grains of ster-
ling gold, was much more than that of the inconvertible
bank-note, to which seven or eight shillings should be
added in order to obtain a gold coin purporting to be
of the same value. Those, then, who advanced paper re-
quired to be paid in gold, end insisted that their de-
mands could only be satisfied by the delivery for each
pound of 5 dwts. and 3 gra. of gold, and nothing
more or less.

The Moniteur publishes in extenso the speech of the
PRESIDENT of the Senate on the opening of the As-
sembly..
The journals of the departments give the following
Prefects on the 29th ult., by the Minister of the In-
terior of the telegraphic dispatch sent to the
atesritohre:

It was by such arguments that the chains of the I
debtors were double rivetted, and the quantity of
labour necessary to satisfy the public taxes or pri-
vate claims materially increased. In vain did mo-
netary reformers protest against the Act of 1819, and
the supplemental measure of 1844, which appeared es-
sential to the due carrying out of the principle.
Their remonstrances were received either with care-
less apathy or gross contumely. The later measure,
which not only continued the necessity of paying in
gold debts contracted in paper, but created an
artificia scarcity of the precious metal by requiring
that a large amount should be locked up in the
coffers of the Bank, lying idle and unproductive,
when its active circulation would be productive of
the most beneficial results, was lauded as the per-
fection of human wisdom. In vain did the commer-
cial crisis of 1847 arise. It was ascribed to every
cause bat the true. We heard of overtrading, of
commercial imprudence, and mercantile delinquencies.
In vain was the well-considered report of the Select
Committee of the House of Lords—it was totally
disregarded. In vain was the powerful and
convincing testimony of the many unim-
peachable witnesses whose evidence was taken
before the carefully selected Committee of the House
of Commons—the obnoxious law was maintained] in
all its strirgency, and no modification or alteration
would he heard of. The moneyocracy should still
keep their holds on the necks of the industrious
classes, cramping their exertions and paralysing their
energies.

" Monsieur le Prefet,—The installation of the Great
Bodies of the State took place to-day at the Tuileries. The
speech of the Prince President produced a profound impres-
sion. He declared he would net ask the people to establish
the Empire unless the hostility of parties forced him to it.
The Senate and the Legislative Body received him with
marks of lively sympathy. The Prince returned at two
o'clock to the Elyses in an open carriage, in the midst of
the acclamations of an immense crowd."
There was a manifest improvement in the price of public
securities at the Bourse. The Five per Cents. opened at
100 f. 35c., and closed at 101 f. for the end of the month;
the Three per Cents. closed at 71f. 70c.; the Four-and-
; Orleans Railroad Shares, 1,1401. ;
Havre, 290 f.; Great Northern, 6531. 75c. ;
Avignon, 272 f. 50c.; Vierzon, 550 f. ; Basle, 2321. 50c.;
Bordeaux, 575 f. ; Paris and Strasburg, 555 f.; Tours and
Nantes, 312 f. 50c.
IRloaul fepn e,r7Cose Cents., t;s ' 101 f. 25c.
; Paris and Lyons, 6001.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, Anal, 1.
Dutch Rhenish, 41/2—East Indian, 211,E Luxembourg,
4M—Namur and Liege, OA—Orleans and Bordeaux, 131,
-2
—Paris and Strasbourg, 211,
s —Tours and Nantes. 10)g
West Flanders, 23—Western of France, 714-

GERMANY.
The Cologne Gazette, under the date of Cassel, 28th
ult., says:—" The question of the Constitution of Elec-
toral Hesse reeeivLd its solution yesterday in the Ger-
manic Diet. The proposition of the Commission were
adopted by the
Y, and a Federal resolution to
nearly the follo9gille..
(,iet Was adopted :
" ' The Germanic Diet gives its approbation to the !mea-
sures which the Federal Commissioners, named by Prussia
and Austria, have adopted to the re-establishment of order
and tranquillity in the Electorate of Hesse. It declares the
Constitution of 1834, as well as the modifications afterwards
introduced into it, and the electoral law of 1849, to be abo-
lished, as incompatible with the Federal laws. The Govern-
n:ent of Electoral Hesse is requested to immediately promul-
gate a new Constitution, as well as a new electoral law and
regulations.'
It is said that some third rate states only attempted to
oppose this resolution."
A letter from Cobleatz, of the 23d, states that groat
preparations were already
being made at Ems for the
Empress of Russia' who was expected there towards
the end of May, to drink tho waters. It was said that
the King of P RusslA. was to pass some weeks there.
The Second Chamber of Prussia., i 3 the sitting of the
25th ult., voted the budget for 1832, which estimates the
receipts at 97,000,021 thalers, and the expenses, ordi-
nary and extraordiLsry, at 99434,731 thalers.
The King of Puussu returned to Berlin on the 27:h
ult., from his visit to the Westphalian
provinces.
'rho Curtems Congress at Vienna was brought to a
close on the 25th alt. The conditions of the proposed
union between Austria and the Zollverein are to be sub-
reined to the respective
Governments.

But PROVIDENCE vouchsafed the relief to the suf-
fering people which man refused. The almost mi-
raculous discoveries of gold in California and
Australia were brought to light. Individual miners,
w.:.rking without suitable tools or combined
effortA, obtained almost fabulous wealth, which
found its way not only to this country,
where there bas been, in consequence, an
increase of at least 20 per cent. to the circulating
medium, but also to almost every other nation in the
world. Formerly, when gold was abundant in
England, it was scarce in Americl, and vice verse.
Different nations were trying to obtain sufficient for
their own wants, utterly careless as to the effects on
other countries. They were scrambling with one
another, like the children described by LOCKE as
" pulling at the scanty coverlet." But now there is
enough for all. It does not follow that because there
is high-water in Threadneedle-street, there must be a
deficiency in Wall-street, or that London is sup-
plied at the expense of Paris. Everything, too, pro.

TO THE EDITOR OF THE SUN.
SIR,—As one of your numerous staunch advocates,
please to allow rne, an old officer, to make my appear-
ance on your quartar-deek, to summons the whole crew
of her Majesty's Royal Navy to give three hearty cheers
for our naval First Lord and for the comprised honour of
Old England and.the Bridal navy, since whatever other
consequences may result from the late politiell gale—and
I fear that with respect to
questions of the first import-
ance:we shall still be left far in the rear of the requirements
of the age,—nevertheless we may hail with rejoicing the
change in the atmosphere of the Admiralty, a most re•
quired yet almost hopeless event. And truly what en
arbitraryand gross insult to the navy has been the placing
of a landsman in first authority at the Admiralty;
what a barefaced monopoly
of all the patronage, for the
purpore of making it subservient to party interests—the
First Lord and the patronage changing with every
change of Ministry; the patronage of the navy system
itselt made a scramble for party strife. Also, this
piecing of a civilian in supreme authority at the Ad-
miralty is little better than placing a mere landsman at
the helm of a ship, requiring a pilot to be standing at
his elbow to diret every movement, now to this side, now
to the other. What a ridiculous farce! For myself and
for the navy, I deeply resent this forced lowering of our
topsails to an empty stranger, and therefore gladly hail
the Derby deed; and it is with excited feelings of regret
that I find some naval officers advocates of the existing
system, alleging the objection that an admiral has so
many followers; but surely not a tithe part so many as
the never-ending obligations of an individual, placed in
power purposely to serve an overruling state party, for
should the claimant not happen to be on the right side,
what chance has be? Witness the many deserving
officers whose heads have been stepped over by juniors
of half their standing. Moreover patronage, great in
consequence as I view it, is yet by no means the main
point; country stands prominently first, absolutely re-
quiring a long experienced and distinguished profes-
sional character, competent to a right direction of our
important naval power in all its bearings. To imagine
a flag officer to be less scrupulous than a civilian to the
general and right direction of the naval patronage, is to
suppose there aro admirals in the service who have no
proper regard for the honour and consequence of the
navy. But where is such a man to be found? To my
apprehension those officers who argue for placing
them-
selves under r. landsman are those who do not show a
proper regard for the honour and welfare of their pro-
fession, and I would. suggest precaution lest they un-
wittingly strand their own cable. The patent abuse to
which I point, may
.be considered as being singularly
marked by the sppointme.nt. of an army officer to pre-
side at the Admiralty, a distinct service. But mortify-
ing as this may have. been felt,. it is
quite obvious that
the situation than a mere landsman, noble though
.he
ono of our brethren in arms is much more competent to
may be, but who probably may never have been christ-
ened with the spray of salt water, and never saw a
cannon fired in anger, possibly may and who very not
have marine breeding enoegh
i to steer a boat across the
river Thames, without such incessant and unscientific
tos and fios of the rudder, as would figure out such a
vermicular wake as would make the presumptuous wight
the laughing stock of the multitudes assembled on each
bank to witness the am using essay. Fancy, too, a mere
landsman perambulating our dockyards to survey the
building of our ships, and to inspect the quality and
quantity of our naval stores; %ehe-s
were it not that he
moves screened by an assemblage of naval insignia
the dockyard mates would absolutelylaugh t him scorn.
To such indignity as I have been considering tho army
would not submit. for a day; honour would immediately
call up an angry !plug !hrougbout the entire camp, and
I do greatly admire this esprit du cors though it con-
stitutes a contrast very disadvantageous' to the existing
crushed spirit of the navy. vy:
Alas! our condition too much
resembles that of the victim under the law, who by long
endured and hopeless misery hc
--comes at length but little
sensible of the weight and disgrace of his chains. It would
be highly diverting to see how our brave and justly
honoured Duke would eye a civilian strutting about and
assuming all authority at the Horse Guards; I opine he
would be forthwith marched out at double quit time,
the movement, too, probably accelerated by a well-
directed stimulus,

raises a steady increase, and we shall be much
disappointed if even the calumniated and well-
abused gold companies do not produce results that
will astonish even the most sanguine shareholders.
The question, then, what will be the effect of the
gold di7coveries in California and Australia, and the
increased activity in New Granada and other
auriferous districts? must be considered, and that
speedily. It is more than probable that the propo-
sition for national notes and taxation paper would not
now be so contumeliously rejected as of yore ;
that " worthless rags" might be more favour-
ably received by butchers and bakers than in the olden
time.

On this point we would invite attention to a com-
munication which will be found in another part of

this day's impression, in which the question is very
ably argued. 'We must, however, declare that the
interests of the debtors must be attended to in any
change that may take place, and that as no allowance
was made to the tax-payers during the monetary
crisis, none can now be claimed by tax consumers in
consequence of the superabundance of bullion. The
matter is one of deep and vital importance to the
welfare and prosperity of the country, and it should
receive that calm and attentive consideration which it
so eminently merits, so that an equitable conclusion
maybe arrived at, in which the interests of the indus-
trious classes will not be disregarded, but an equal
measure of justice rendered to all without exception

A characteristic letter, addressed to ourselves by
" A Flag Officer," will be found in another column :
and its insertion affords us pleasure, yielding evidence
as it does that the profession regards with satisfac-
tio... the recent appointment to the bead of the Ad-
miralty of his Grace the Duke of NORTUUMBEB.
LAND. The remarks made by our esteemed corres-
pondent upon the folly of subjecting the maritime
service to the management of a civilian are
deserving, we conceive, of very serious consideration 1
end, happily,
we are sanguine that the nations;
experiences of late will to a very considerable extent
deter any future Prime Minister from appointing as
First Lord of the Admiralty any administrator who
has not qualified himself for the post by his personal
services on those waves which, according to the
national verses of the poet of the " Seasons," are ruled
by Britannia.

ALABAMA!
(From Eliza Cook's Journal)

[There is a tradition that a tribe of Indians, fleeing from
an enemy through the forests of the south-west, reached a
noble river, flowing through a beautiful country, when the
chieftain of the band struck his tent-pole into the ground,
exclaiming, " Alabama ! Alabama!" signifying " Here we
rest! here we rest!"]
The whole wide world is but the same,
Tracked by those foemen, Care and Grief,
While every human hope would claim
The spot that cheered the Indian chief.
Yet where is that Elysian tide
Which saved the warriors of the West?
Where can we find the river's side
Where mortal fears say " Here we rest ?"
We often think that gold—bard gold,
Will form the spot of dreamy joy,
But all we get, and all we hold,
Brings something with it of alloy.
Good dces not always mate with Gain,
And wearied brow or cheerless breast,
Bends o'er a golden stream in vain,
Seeking the sweet words " Here we rest!"
We put our trust in robe or crown—
In ribbon band or jewelled star;
Such things may gleam in Fortune's dream,
But dazzle most when seen afar.
Ambition's temple rarely yet
Let in a well-contented guest—
Some spoil unwon, some deed undone,
Will choke the soft words, " Here we rest!"
Some place their faith in safer creed—
The wise, the God-directed few,
Who think a heart is what we need
To yield the peace that's pure and true;
And happy they who seek and find
A shelter in a kindred breast,
And, leaving foes and fears behind,
rest I"
Say
oHweriell
On sculptured brass or marble wall,
we
GoS
" Alabama" still
The Indian's
carveto some
Go
edpeiatrapohnse,w,h,
with the fittest voice of all.
Speaks
enough
I ask no more than sod
To make the grasshopper a nest,
And that a stone bear but this one—
This only record—" Here we rest !,
ELIZA Coot. '

The Lady Mayoress was prevented being present
at the drawing
yesterday,having been confined to her
-
room for some time past by long-continued indisposition.
Mr. Muller, the distinguished composer and pianist,
room
has been appointed pianist to their Royal Highnesses the
Duchess et Cambridge and the Princess Mary.
TRH COUNTESS OF GRANVILLE'S ASSEMBLY.—
Yesterday evening the Countess of Granville had an assem-
bly at her Ladyship's mansion, Bruton-street. Most of the
representatives of foreign powers were present upon this oc-
casion, and a very numerous list of the aristocracy and
beau monde also honoured it with their presence. His Se-
Grercaenviiilieigwhnitehlsh
evening. i 8 PrincePr se nNciec,haorl rail, ionfg Nassau
d shthoneonuiroeade
of the
Lady

Tun SFIIPWRIGRTS' STRIKE. The strike of the
shipwrights belonging to the yards at Hylton-on-the-Wear
terminated on Saturday, having lasted
20 weeks. The
masters and men have. come
a compromise—the men to
withdraw their obnoxpus rule prohibiting more than one
borer being employed in a yard; the masters promising that
in this department they will
give the preference to aged
shipwrights. As the men might have been in full employ-
ment during the whole of the period mentioned, a fearful
amount of money has been wasted, they having to concede
the principal point in dispute at last.

"Just in the place
Where honour's lodg'd,
As wise philosophers have jade)."
I feel assured there is not an
admiral in the service who
would consent to place himself , , .:
in a situation at once so
invidious and insulting, as
upon. I imagine a naval flag waving in authority at the
Horse Guards; surely the that which I have remarked
weather-beaten veteran per-
ambulating tho forts and inspecting- the military stores
would never venture to look behind him, aware of the
derision and contempt wb;
relieve upon his gallant retinue
would be standing in alto
crimsoned to the colour garbs. No, the
of their martial
veteran tar would indeed be as a fish out of water,
gasping and convulsed it
-3' the effect of the unnatural
retinue, faces too flushed and
element in which he was placed. For the navy let the
offensive conception be annihilated. Now, concerning
this Admiralty affair, and including the reasons for it,
there is a vast deal more to be said, rivalling if not sur-
passing the high reach of
intellect which I have endea-
voured to bring
down within the reach of common sense,
but having already spun out 80 long a yarn, I must reel
tip and present my article.
this
In offering merino essay, I have sought to vindi-
cate and uphold the honour of the British navy, and for
my encouragement I bear in advocacy the voice of our
idolivd national guardian;
Britannia calls aloud for
justice and honour due, for Britannia rules the waves,
the glory of her sceptre; and regarding the state stigma
fixed upon her favourite sons of the ocean, she stands
indignant, and in proud resentment turns the wilful and
disgracing aberration over as a choice article for our
witty and sprightly Punch.' We have had a long range
of illustrious statesmen
moving before the public, es
monster children in leading-strings. We have had
cyphers placed upon a summit, and contemplating the
philosophical elevation, 1 bid my adieu, not however so
.deeply submerged in wondering reverie, as to sink the
hope that the trident of our national sovereignty may be
no more placed in the hands of a presumptuous, ignorant,
shameless landsmln,--I am, Sir, yours, &e.,
A FLAG-OFFICER.

ACCIDENT TO THE DOVER EXPRESS TRAlN.—ADaccident of a rather alarming character, but happily unat-
tended by the slightest personal injury to the passengers,
occurred yesterday morning to the express train, which
leaves Dover at eight n.m. While passing the Edenbridge
station the carriages ran off the rails, but the driver was
fortunately able to stop the train almost instantly, and the
passengers all descended unhurt. By means of the electric
telegraph assistance was immediately obtained, and precau-
tionary measures taken to prevent accident to approaching
trains. After a short time the passengers were enabled to
proceed to their destinations, the only inconvenience experi-
enced having been delay and consequent anxiety to friends.
The carriages ware replaced on the rails, and the ordinary
traffic of the line was resumed within two hours after the
accident.

THE SHARE MARKETS,

11,A.

Nom!nal krsces.

6usinet doD
to-day.

118ITX211 X.AILWAYIL

-----
Ague Fria ............ 1 •I%- 1 Vi P 214. Business done
Railways, I Paid. I Nerainal Prices. today. Anglo Californian .... -10 s. %- % P
--
.. 5
%
MINIMIgiI, Alb ................
Aberdeen.. .. .. .. all 14% to 14% 1434 % % Australian Freehold .... au %- % din.
Ambergate, Nottingham, Are Maria ........... i IA - %
Binning., Wel:or:Pampa ••dis.
Boston, &E. Junction 8% 6% -6% 6k % % Blaenarvon Iron & Ceal an -
British Australian Gold 1 %- % die %
and Sten Valley - all 9% - 103 British Iron-- •-• ••• • • 13/. ss. ..
Birkenh., Lan., & Cheek Brazilian Imp. (18.15/. p.) 243%c 1% .- 2
June., late Z3l. Gs, 8.1.. 26 12%-1134 d. De. Cocaes and Culaba all 1% -1%
Do. Chest. Sc Birkenhda
Do. St. John del Key- 15 ~ _
..
501. &251. Consolidated all 16% - 1734 Cobra Copper ...... •• • 40 20 -- 31
Do., ..d0.,20/... .. 17% • • -die' Copiapo .. ••..• . • • • 14 4 - 5
Bristol and Exeter.. .• 100 90 -91 9034 Eng. &Australian Copper 5 %- % P 5% IA
Caledonian .. .. .. 50 18% -19 19% 18% % General ••• • - • ... ••• . • • all 9% - la,{,
Chester and Holyhead .. all 21 % - 224 Gold Mountain •• ••.. •• I 1 par -34 p
Dublin end BoliaatJunet. 45 17 -15 d. Great Polgooth ... .. • . all 134 - tai p 4%
Mexican& S. American 9 334 -- 4
Dundalk and Ennialfdlen all .. -• •
Nouveau M0nde...... • • 1 'A P I% 4
Dundee, Perth,and Aber.
oantiago de Cuba ...... 10% 6 - 7
teen Junction .. • • all 6 - 7
Do., New .. .. all • • -• • Tin Croft .... ..... .....! 7 10 -11
~
East Anglian (251. L. & United Mexican......... all 24 _.2%
R. and L. &DO.. .. all 434 -4% 414 West Mariposa .. ...... I 1 4-• :odic.
Do. (181. E. & H.) .. all 3% -3% Carson's Creek, 1%.
Eastern Counties .. .. 20 9% -9% 93 %% %
avnav DTPCZt. 1:14.1578.113.
Eastern Urden, clan! A,
Anstralasia .... •• •• •• • • all 38 - 89%
late E. U. shares .. all 6% --'.7 6%
British North America .. 50 47 -49
%
Do. do. do. .. 6 •• - •••
4% am % Colonial ........ • • .... 25 11% •-1234 _ Do. do., B& C shares all 4% -4%
Commercial of London.. 20 24 - 254 25%
East Lancashire .. .. all 16%- 17 4 17 %
London Joint Stock .... 15 18% - 17% 18
Do New quarters • • all •• -••
London and Westminster 20 2934 -30 29% 'A
East.
I West India Docks
National Provincial Eng. 35 .. -..
and Birm. June. .. all 5034 - 51%
Do. New ............ 10 .. -..
East & West York. June. all .. -• •
National of Ireland .. •• 2234 17% -17
Edinburgh and Glasgaw 50 2/1 -29
Edin., Perth, and Dundee 25 5 - 534 5% %ii % Oriental Bank Corporat. •all 31 - 12% 34
Przw
oincia.Nel of Ireland.. - 25 42% --4334
GlasgewaudSonth-West. 100 • • -••
Do. ...- • • •• .. .. all 15% - 1634 16
Great Nortniira • • • • all 19% -20 20% 20
.•
Do. halves, A, deferred all 6% -6% 6% 34 Union of Australia .. all 15 - 36;6
%
Do. halves, tlSonthers and , 6 per et. all 14% - 14% Do. Now ... . - 3%
Great
Union of London ...... 10 14% - 1536 15%
- • . • • all -
Western, Ireland • • all 3634 - 37% 3734
Union of Madrid .. ••
Great Western .. .. 100 8834 -89 , B.* 88% 89 InifICELLANEOTT3.
Lancaster and Carlisle .. all 77 -80 [BB%
Canada ••..•• •••• •• - 3236 48 •- 4934
Do. thirds .. .. .. 11 13 48% -934 P. P Eastern Steam ••- - .. 2s. -• • ells.
Lancashire andl orkshire 100 714 -7 I% 71% %
tlen. Stearn Navigation . 14 2734 - 284 26%
Do. quarter al axes .. all • • • Penin. & Oriental Steam, all 7i - Si)
Do. fifths .. . .. 14 61% -6% 8. '7%
Ditto ditto 10 - -• • Do. West Riding Union 114 4% d.
Royal Mail Steam ...... 60 80 - 81% 81
Leeds Northern .. .. all 16% - 17% 1734 %
Liverpool, Crosby, and fWe cannot be answerable for the errors of the Official Lists, an.,!
•
Southport - .• • 17% - •
will not be influenced by interested correspondents.]
. • •
London and Blackwell .. all 7% - 8 87%8% 8
London, Brighton, and MONEY and COMMERCIAL NEWS.
South Coast .. .. 100 9834 -99 g 99% 98%
London and N.-Western 100 1234 -124 124 34 CITY, TWO O'CLOCK.
De. do. quarters .. 22 4% - 5 p. 27 The sales of Cotton at Liverpool yesterday were estimated
Do. !lithe •../ .. .. 12 3% -434 p. at 6,000 bales, of which 500 American were taken for ex-
Do. 101. eh., 31. & B (o) 1 2 -2% P. 3
port and 500 on speculation. The market closed heavily
London and S.-Western . 100 89 -9 ) 89 34 89
Do. new 501. .. .. 4236 536 -4% dis. n
without alteration in prices, except for short staple Ame-
Do. new 401. .. • • 24 b - 4 Ms, can under sd. per lb., which were slightly in favour of
Manchester,Buxten, and buyers. The sales comprised 4,500 American, 20 Pernam
Matlock - . .. all 2% -2% and Maranham, at 53/4d. ;30 Bahia. at 63' d. ; 1,0(0 Egyp-
Manchester, Sheffield, '& tian, at 6d. to 9d.; 500 Surat, at 81/a I to lid. ; and 80
Lincolnshire
Do. Manchester and .. 100 33% - 34% 34% 34 % :..
Sea 'lsland, at ls. 1,4,d. to Is. 6d per lb.-Railway Shares
Lincoln Colon .. 4 2 0 34 -2% die. were dull, without material alteration in prices.
Midland .. .. .• •• 100 643/ -64 X 64% 65 64%14 Tha quantity of produce brought forward at the public
Do. 11i:rising & Derby 100 33 -35 34 sales this week has been very moderate, and there is no
Midland Gt. West. (Ire.) 47% .. - - essential alteration in the prices of the leading staples. The
Newcastls and Carlisle.- all .. -• • imports are increasing a little, but the wind has not yet
Ire. quarter shares .. all • • -• • changed sufficiently to bring in many vessels. The con-
Newmarket .. .. .. all 84 -8%
Newport, Abergavenny supmtion progresses steadily as regards Sugar, Coffee, and
nod Licrotord . • .. 10 53( -4X ells. most other articles.
sTorfolk .. -.. .. 100 33 -35 Upon the state of the Piece-goods Market during the past
00. New 201. shares.. 15 11 -10 die. month Messrs. Mai Nair, Greenhow, and Irving, write from
Northern Counties Union 1134 314 - 3 dis. %
North British •• .. .. 25 8% -8% 115 i
Manchester as follows :-." Though the bustling activity
- % 34
North Devon .. •. .. 11 8- 7 dis. which in byegone years used proverbially to characterise the
North Staffordshire .. 17% 8 -7% dis• month of March would appear to have passed away from the
Nerth-Western .. .. 19 .. - •.. die. 7 now much more frequent and rapid intercourse established be-
scorn &Sth.-West.June. 334 34 - 1 p 43X % tween every district of the Uuited Kingdom and with almost
Oxford, Worcester and every portion of the world, it. is gratifying to perceive that,
WolTerhampton.. .. all 1734 -18 17%
Scottish Central .. .. 25 15% - 15% 15% % though prosecuted in a much less active manner, outwardly
Scottish Midland .. .. all to - 103{ 103( its operations in the present year have again been of an ex-
Do. new .. .. all • • -•• tensivo character. During the first fourteen days of the
Shrews. ikßirm., Claes A all 7% -7S 7% % month the position of matters, as indicated in our last
Do. Class 8.. •• • •
ahreasa. as Hereford.. Old 7 all 4
- 3 5 - SA,
dia. 54 monthly circular, experienced further improvement as re-
Shrewsbury and Chester garded demand, accompanied not only with greatdr firmness
(Nor. W. Min.) .. .. all 14 -16 in prices, but likewise with a further advance upon certain
Do. Halves .. - - all 7 - 8 descriptions of cloth and yarn. Since then, from the droop-
Do. Oswestry ••• .. all 1036 - 1134 . ing tendency of the Liverpool Cotton Market, as consequent
Shropshire Union .. •• 634 3% -3 d. x.d 334 x.d upon a secession of the then recent heavy operations in it,
Do., A, B, C, & D,llilly
paid up at per cent - and in an apprehended early, and heavy supply of the raw
..
material, this market, as usual, has manifested its unvarying
South Devon .. .. .. all 15% -1631,
South-Eastern .. - 30 21% -211 f, x.n 21% x.n sympathy, and induced a material suspension of operations,
South V; ales.. .. .. all 32% - 334 33 433 except for pressing wants, together with a general and de-
, i.'auth Yorkels. and River dining tendency in prices."
Dun .. .. .. .. 15 2 - 1 dls The Bill brought in to enable her Majesty to abolish
Sher., Roth.. and Gocle,
gouts Dtvis,oa .. .. 6 •. -.. otherwise than by treaty, on condition of reciprocity, differen.
btrltog endDi nfennline all .. -.. tial duties on foreign ships, provides that " where it shall
Stockton and Hartlepool 16 2-3 .. -.. appear to her Majesty that by the laws or regulations of any
, Taff Vale .. .. .. •. 126 150 - 151 foreign power the trade and shipping of Great Britain in
Thames Haven Dock and the ports of such foreign power have been placed upon the
Hallway ......18 •• -• • db. same footing as the trade and shipping of such foreign
alo of Neath •
.. • • 17 -- .. 12 X power, it shall be lawful fur her Majesty, by order to be by
1 Waterford and Kilkenny all 4% -5% 5%
Waterford and Limerick all 17 -18 her made with the advice of her Privy Council, and to hi
Waterford, Wex., Wick.' published in the London Gazette, to order and declare that
and Dublin .. .. 3 .. -• . the trade and shipping of such foreign power shall have
West Cornwall .. .. 13 5- 4% dis. „ the benefit of the provisions of this Act; and there.
• West London .. .. all .. -
upon all the provisions, clauses, matters, and things it
I 'Fork, Newc., & Berwick 25 1834 -19 18% Yi li the said first•recited Act contained shall, so long as suet
Ditto and Newcastle
Extension .. ... 20 6% -64 d. 1334 Order in Council shall remain in force, but no longer, apply
' Ditto G.N.E. purchase 9 34 - 3 (1. 5% li and extend to the trade and shipping of such foreign power
i York as•dNortli Midland 50 2434 -25 24 as fully and afrs,-..".11., ..,. ...,, :......... .....I al-

Upon the state of the Piece-goods Market during the past
month Messrs. 51• Nair, Greenhow, and Irving, write from
Manchester as follows :—" Though the bustling activity
which in byegone years used proverbially to characterise the
month of March would appear to have passed away from the
now much more frequent and rapid intercourse established be-
tween every district of the Uuited Kingdom and with almost
every portion of the world, it is gratify]ng to perceive that,
though prosecuted in a much less active manner, outwardly
its operations in the present year have again been of an ex-
tensive character. During the first fourteen days of the
month the position of matters, as indicated in our last
monthly circular, experienced further improvement as re-
garded demand, accompanied not only with greater firmness
in prices, but likewise with a further advance upon certain
descriptions of cloth and yarn. Since then, from the droop-
ing tendency of the Liverposl Cotton Market, as consequent
upon a secession of the then recent heavy operations in it,
and in an apprehended early, and heavy supply of the raw
material, this market, as usual, has manifested its unvarying
sympathy, and induced a material suspension of operations,
except for pressing wants, together with a general and de-
clining tendency in prices."
The Bill brought in to enable her Majesty to abolish
otherwise than by treaty, on condition of reciprocity, differen-
tial duties on foreign ships, provides that " where it shall
appear to her Majesty that by the laws or regulations of any
foreign power the trade and shipping of Great Britain in
the ports of such foreign power have been placed upon the
same footing as the trade and shipping of such foreign
power, it shall be lawful fur her Majesty, by order to be by
her made with the advice of her Privy Council, and to be
published in the London Gazette, to order and declare that
the trade and shipping of such foreign power shall have
the benefit of the provisions of this Act; and there-
upon all the provisions, clauses, matters, and things in
the said first recited Act contained shall, so long as such
Order in Council shad remain in force, but no longer, apply
and extend to the trade and shipping of such foreign power,
as fully and effectually, to all intents and purposes, as they
apply to the trade and shipping of the said United States
and Portugal, or would apply to such trade and shipping if
the convention and treaty intended to be carried into effect
by the said first-recited Act were in force, and shall also apply
and extend to differential duties or charges on goods imported
or exported in the ships or vessels of such foreign power as
well as to differential duties on the ships or vessels of such
foreign power."
Official returns of the position of the Savings
Banks, between November 20, 1849, and August 8, 1851,
show rather interesting results. It would appear that from
January to July, 1850, the sums withdrawn were very
large, whereas in the first three months of 1851 the deposits
exceeded the repayments. Taking the whole period from
November, 1849, to August, 1851, the amounts were as
follow :
Excess paid in by Savings Banks beyond the
sums drawn out
Excessdrawn out, including interest on sums
drawn out
924,268
Dividends received by the Commissioners,
on Stock invested ....... ......... 1,457,323
The Stock Market is quiet, bat firm, this morning.
Consols have been 98% % for Transfer, and 98%, more
sellers than buyers, for Account. Exchequer-bills have been
quoted 68s. to 715., and India Bonds 77e. to 80s. premium.
Money is easier in the market, and this will give encourage-
ment to speculation, if politics do not intervene. South Sea
Stock is at 1091/s, and Bank Stock for Account brings 221.
Attention in the Foreign Market is almost exclusively
dire to Mexican Bonds, which are full 1 per cent. higher r rhan yesterday, being 3414 % for the old stock, and 27% to
281/s for the new converted, ex dividend. Besides the
information, the large amount of the next remittance
Messrs. Baring Brothers are now in a position to advance'
part of the indemnity money to those who do not prefer
waiting. Many have entire confidence and sufficient means
to hold on and save the interest asked, vizn.,avaet theeenramteadoef
five per cent. per annum. Proposals to ferns the
revenue, so
as to cover the dividend and give a surplus,
by some leading Mexican. firms. Peruvian Bonds have
been 1051 A to 3/4 for the Five per Cents., and 6614 to 67
for
the Deferred. Buenos Ayres Stock is worth 74 to 76. an
advance. Venezuela also are
UP to 48 and 48%
.
Brazilian Old Stock is at 931/1 to % ex dividend.
Spanish Three per Cents. bring 44% to 451%, a marked im-
provement. Dutch Two-and-a-Half
per Cents. have
realized 60%. Equador have touched 61,4.
Railway Shares are mostly at higher rates, with fair
transactions in Aberdeen, Eastern Counties, Brighton, Mid-
land, and the York lines. The French Shares are likewise up
a little.
Gold Mine Shares continue flat.
Oriental Bank Shares have risen from 321/2 to 34.
QUARTER TO THREE.
~. 98i
981
ONE CLOSING PRICES OF BRITISH FUNDS O'CLOCK PRICES
per Cent. Consols Annuities........ 9854,34 9834
ldia Bonds, 1,0001..
Ditto under BO 77 p
p 77
South Sea Stock
Ditto New Annuities
3 per Cent. Annuities.l7sl
Bank Stock for Account 22 t 221
C )nsolti for Account .. 98% 98%
Kisehequer Bills. s S.
I,CM. ... 69 68 71 p 71 p
Small.
Ditto, June
N CLOSRICING
PRICES O
OF FOREIGN FUNDS. CeentyE
IE.
Brazilian Bonds, 5 per Cent. ..... 991%1./4 991 A x d
Ditto (Rothschild's) 99.% 9934 x d
Buenos Ayres Bonds, 6 per Cent 74 76 76
L.quador Bonds 614 5V
Grenada Bonds, 1'

Consols ... ..
Ditto Account, April 13 ...

.E.
727,870

.% per Cent —
Ditto, Deferred ...........
Maxican, 5 per Cent, 1846
Ditto Account 33% 4%14% 34
Ditto, 3 per Cent.......
Penavian Bonds, 5 oar Cent 1051,z, % 10534
Ditto, Deferred, 3 per Cent 66% 67 66%
Portaguese:s per Cents.
Ditto, 4 per Cent.
Ditto, Account
Russian Bonds
Ditto. 4'4 per Cent
Sardinian Bonds, 5 per Cent.
93% Spanish 5 per Cent. 1840
Ditto. 3 per Cent 45
45
Ditto, Account
Ditto, New Deferred
is Loam.
Venezuela Bonds, 314 per Cent —2.0 A
Ditto, Account ............... -
Ditto Deferred
Dividends on the above payable ii 4714
18%
Dutch 21,4 per Cent. 12 Guild so,
Ditto 4 per
,_.............Cent. Csrs......_ifiestea ._ ..._43 603,s
...
LLOYD'S SHIPPING 92% x d
LONDON, APRIL 2.—Wind this d
I-lIS DAY.)
ismasted brig wileiruirmof
seen in the night of theT9h4eth d.
aY
DANTZIC, MARCH 29.
March, about 30 miles N. of Hela, prove
and morning of 12
ts
tnoo obne N
the Charlotte
Friedenke, of Griefswald, from
she has been towed into this -
to Elbin
ANTWERP, APRIL 1. is port to-day. . f
Wolgust to Memel, in ballast;
from Am-
sterdam—The Alberdina Gezma,
crew saved.
An English brig was stranded 25th March near Schier-
g, has been stranded on the coast of Vlie ;
mounikoog ; crew saved.
RONNE BRNIIoL m MARcii 22.—The Friedrich Wilhelm
IV., of Dantzie,
was 'stranded five miles north of this port
in the night of 20th March, and it is doubtful if she can be
got off; crew saved.
became leak and
y,
EMDEN, Manor 27.—The Robert Semfield, of Newcastle,
from Malta to Bremen, was in contact,
sank off the Island of Undemey ; crew and passengers
and landed here by the Vrouw Alicia.
picked up in the boats,
Wind NE b - E.—Arrd. Hans II I DEAL, APRIL. I. .. ) , . 0
at,
• Dart, Terceira; Mary Sharp, Martin, Alexan-
dria; Übes ; Yargo, Loando Castor.. New I ork ; Annie Morice,
St. Michael's ,
Mary, Odessa.
LIVERPOOL, Arm . . I.—Wind S. —Arrd, Augusta, Red-
deley, Terceira; Joaquina, Bilboa ; Fanny, Blather, Maud-
steamer, Annapolis, New Orleans; Nero, St.
Michaels; Wanderer, Reeves, Alexandria. Sld. Euterpe,
mtinisch; Mersey
Monte Video; Mahance, Demerara; Atala, Staten Island;
Cambria, St. John's, New Brunswick; Standard, Pictou ;
Acticon, Montreal; Camilla, and Batters, Newfoundland;
Victory, St. Michael's; Emma, Zante. A derilect ship or
barque, with loss of all her masts, and nothing standing but
a pair of sheers, was passed on the 28th of February, in lat.
39, long. 51, by the Annapolis, arrived here.
JERSEY, MARCH 30.—The Modeste, cf this place, from
London to St- Michael's, was spoken with on the 14th of
January, in lat. 47 N., long. W., and has not since been
heard of.
SCILLY, Blancii 29.-- Wind S.E. ; 30, W. N. W.—Arrd.
Oscar Theodro,Canton ; Borussia, Jacmel ; Hanskup, Eklund,
Alexandria; Teckla ihmepttiue, Neiltion, Cralatz i Cour,
Caunad4