The Sun.
London, England, 1852-03-17 00:00:00

DNESDAy EVENING, MARCH 17, 1852.

12 to 1234

Sh -6%

6% 6

9y,-10
2% —ll)4d. x.d

16 17 x.d
dli.
0 —go
18% 18%
20% 21
17 16 1. x.d

18% 19X 18%
21 X 20%

5% -6%

3 —4%
sx, —351
771 —ayi

4
a
8% % %

5% - 6

3% -4%
6% - 17%

173 i 17 36 17

49 -50

60 49%

28 —39 x.d
4% —4%

%
(110z.d
19%%% 20%
6% % %
14 z.d

19% 19% x.d
6% 6%
14 14% x.d
33% 34% x.d
86% 86%
74 77 x.d
7 8 p. x.(l
71 71% z.d
•• ••
—6% d.

34'
86% 67%:87%

all
11 13 4
100

P
72%;004%%

43; 47. x.d
16 —l7

7 5 6%
[l7
16141,17 16%

734 14

95% 96M(11$
[17% %%IL%
25%
14% %

85% 86%

[34
83% 34% 33%

so% )4 4 62
[61%;62

Ditto ditto
Royal Mail Steam ......
f We cannot be answeri
will not be influenced by

7% 8

20% 31:8034

7% %

lIICINMS.

liwitheas
Paid. Nominal Pricez. to-say.
Ague Fria • ! 1% I%p 2% %
Anglo Calliornlan 10s.
Australian ...... a %
Australian Freehold all 34 % dis•
Ave Maria •• •t %dis par
Blacnarvon Iron & Coal all .. •
British Australian Gold 1 34 dis par '
British Iron—. •••• • • 13/. ss. .•
Brazilian Imp. (is. 51. p.) 24% 2
Do. Cocaes and Culaba all 1
Do. St. John dol Itey— 15 23% 24% n 34
Cobra Copper • • •• • 40 83 —34 30%
Copiapo .. •••..• • • • • 14 4 5
Eng. & Australian Copper a die p
General•• • • •
Gold Mountain 1 par
Great I'olgooth ........ all i % p 4
Mexican& S. American I 9 3% 4
Nouveau Monde.-- • • 1 % P 1% % %
Santiago do Cuba .... •- 10% 7
Tin Croft .• ............ 7 10 —ll
United Mexican......•• all —2%
West Mariposa .. •••• • • t 1 Udis. par
Carson's Creek, 14 96,
JOINT STOCH 33.A.N1LS.
Australasia .... ••• • • • all 38 39%
British North America.. 50 473 —49 49
Colonial .....• .. • • .... 25 1134 —123 t
Commercial of London.. 20 24 254
London Joint Stock .... 10 18% 17%
London and Westminster 20 29% —3O
National Provincial Eng. 35
De. New ............ 10 ..
National of Ireland .. • • 22% 17% —l7
Oriental Bank Corporat. all 30 314 xal
Provincial of Ireland.... 25 42344 -43
all 15% 163
Union of Australia • • all 35 36%
Do. Now •• • • 2% 3 —33 r
Union of London •..... 10 14% 15%
Union of Madrid • all
MISCELLANEOUS.
Canada ..... 323{ 48 493% 484 49
Eastern Steam 2s. • • die.
Gen. Steam Navigation. 14 273( 284
& Oriental Steam. all 80 —Bl
Ditto ditto 10 '26 —2B
Royal Mail Steam ...... 60 79 803{

6ble for th,

2734 —28 X
so —Bl
26 28
79 80%
Le errors of the Official Lists, an
I cerreepondenta.]

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 6,000 bales. The market closed steadily but
tame without alteration in prices. Good stapled
American at s*d. to sid. was in demand and
difficult to buy. The sales comprised 4,500
American, 800 Pernam and Maranham at sid. to 61d.,
250 Egyptian, 6kd. to 9d.; 400 Surat, 3id. to 41d.; and
50 Sea Islands, at ls. lid. to ls. 6d. per lb.—ln Railway
Shares a fair business was done at rather higher prices.
The letters from the United States have been deli-
vered, and are satisfactory in reference to commercial
mutters. The value of the exports from New York last
month was 7,320,690 dolls., and upon this statement it
is remarked by a local writer that—
"Of the above aggregate there has been a better dis-
tribution than usual. It will be seen that only a little
more than one•half of the total went to European
ports. The value of shipments of domestic merchan-
dise to English and continental ports during the
month of February was 2,110,005 dolls., leaving a
balance of 1,242,878 dolls, for foreign ports on this
side of the Atlantic, and other than those in Europe.
This is a more favourable comparison than we have
ever been able to make before, and we have no doubt
that, in the course of another year or so, it will be
still more satisfactory. Our merchants are alive to the
importance of the trade with Central and South
America, and every effort will be made to encourage and
extend it. While our export trade with European
nations is becoming of secondary importance, we must
bear in mind that our import trade with that section of
the world should also be reduced, that the balance of
trade between us may be more equalized. It will be
seen by the above official return, that nearly one-half of
the aggregate export for the month was in specie, the
shipment of coin averaging nearly nine hundred thou-
sand dollars per week."
According to official returns from the Custom House
of San Francisco, the shipments of gold dust from that
port during 1852 were as annexed :
SIIIPMENTS OF GOLD DUST FROM SAN FRANCISCO, 1852.
New York... ... $30,861,400 49
New Orleans ... 404,294 11
London ••• ••• ... 3,392,660 78
Panama ••• ••• ••• ••• 151,293 64
San Diego ... 5,000 00
Valparaiso ... 444,482 00
Rio Janeiro ... 15,000 00
Taloahuana 15,750 00
Hong Kong ... ..„ 2,554 00

Total
... $34,492,633 02
About as much again was brought away by passengers.
A lino of serew-steamers is about to be established
from the ports of Quebec and Montreal to Liverpool and
other ports. These vessels are proposed to run fort-
nightly while the navigation of the St. Lawrence is
open, and monthly between Liverpool and Halifax,
Portland, or some other port of the Atlantic.
The accounts from India notico no particular altera-
tion in the import markets, but the value of money was
easy. _ _

The Amsterdam Stock Market was very lively, and
at advanced rates on the 15th inst. for all securities.
The English Stock Market has been exceedingly firm
again, although business is very restricted. Console
have beep 98, and are now 98g. Exchequer-bills con-
tinue at 655. to 68s. premium, and India Bonds are 765.
premium. _ _ _

In the Foreign Market a further important rise has
occurred in Buenos Ayres Bonds, which opened at 71,
suddenly advanced to 75, reached to 734, and are now 77.
Equador also are firmer at 44 to 5, and Grenada De-
ferred have risen to 104 1.. Brazilian Stook is worth
991. Venezuela Bonds have been 43 to f. Mexican
are still fiat at 824 to 4. Peruvian Deferred have reached
57. Spanish Five per Cents, have been 25i to 4, and
the Three per Cents. 424 to 43. The Deferred are 194 I,
and the Certificates 24 to f per cent. French Five per
Cents. are worth par, with the Exchange at 25 40. Sar-
dinian Bonds have been at 921 and 93i. Dutch Four
por Cents. are 95 to 4.
There is a further decided improvement in most
Railway Shares, and a large business is doing. The
market has, in fact, not been so aaimated for some time
past. Great Northern have started up about 10s. to
155., Great-Western 11., North-Western I/. to IL 55.,
and Midland 21. to 31. Lancashire and Yorkshire are
up about 21., Caledonian ss. to 108. Some of the French
Shares are dearer, but not in the same proportion. Paris
and Strasbourg are, perhaps, scarcely so good. Dutch
Rhenish are in favour st very full prices.
The Gold Mine Shares look well, though not particu-
larly active.

EARL GREY AND SIR HARRY SMITH.

TO THE EDITOR OF THE SUN.
Sin,—l have heard it more than whispered that it
appears almost litre persecuting Earl Grey, and hardly
fair to keep this subject so continually before the public,
under present circumstances.
This generous feeling in, and proposed forbearance
towards, the late Colonial Secretary, I can moat fully
appreciate, and indeed, I believe, that it has been the
chief, if not the only, cause of the general silence of
the editors of all the papers; but, Sir, the taunting and
insolent language of your evening contemporary, the
Globe, under date the 25th of last month, renders it
necessary that the public attention should be kept alive
on this subject, and that his Lordship should be af-
forded that opportunity of rebutting the charge brought
against him the Globe so ostentatiously parades before
us as being his wish. Your contemporary is, however,
most anxious that the acts of former Governors and
Governments should be at the same time inquired into;
against this we must at once protest, and for this simple
reason, that the case we have to consider, the one we
have now to deal with, stands between Earl Grey and
Sir Harry Smith, and the public are not to be led away
by a sweeping explanation of the general misgovernment
of our colonies, or even of the Cape. Earl Grey's charges
are clear and distinct against Sir Harry Smith—they
are just or unjust, true or false, real or imaginary—by
them Earl Grey must stand or fall, as a public man.
His Grace the Dake of Wellington has only spoken, and
could only speak, for he had no other right,as Sir Harry
Smith's commanding officer, and in that capacity his
' Grace has approved of all his military operations. But
Earl Grey's dispatch contains other and graver charges,
which, in my opinion, and, as far as I have been able
to judge, in the opinion of the public, must, sooner or
later, recoil upon his Lordship.
At the risk of being tedious I will proceed to quote
from the Globe, to satisfy your numerous readers that
we are challenged to the combat, and that, even did we
wish it, there is no retreat :
" According to the votes and proceedings of the
House of Commons," says the editor of the Globe—mark
him—on the 25th of February, Earl Grey being out of
office, " we ought now to be in the midst of the debate
upon Cape affairs, instead of witnessing the marvellous
development of Lord Derby's Ministry—a grotesque
exhibition, in truth Mr. Adderley's motion, it seems,
is not only already ' a dropped notice,' but a notice to
be dropped."lndeed is it, Mr. Globe Editor? we shall see;
and, adds the Globe," it is quite in keeping with the tactics
of party that it should be so. Mr.Adderley will be speech-
less, Lord Derby will be dumb, care will be taken to
burk alike explanation and defence—affairs at the Cape
will go on just as they did before, and Lord Grey's vin-
dication will be found only as time rolls on in the silent
adoption of his principles and his measures, which will
end in the subjugation of the Kafirs and the establish-
ment of representative government."
Pretty well, I think, Sir, for the Globe. This para-
graph shall be noticed one day.
",We most unfeignedly regret that Mr. Adderley,"adds
the Globe, " lost his opportunity; a little discussion,
even though very stormy, very personal, very colonial,
in fact, would have cleared at least the Parliamentary
atmosphere.
dispatch which was unjustifiable. Well, if so, why not
fairly give Lord Grey au opportunity of vindicating his
dispatch?
a Cape debate even in the Commons; but if fair play
and a love of justice pervade so august an
assembly as that of the Peers of England, as strongly
as it does the English people, perhaps Lord Derby will
kindly furnish Earl Grey some day with an opportunity
of vindicating his policy in his place, and no longer
labour under the reproach that he encourages and aids
his lieutenants in the Lower House to attack the Minister
who sits before him, whilst he himself flinches from the
contest." _

Now, Sir, this is pretty well, and pretty insolent.
Lord Derby flinch ! Well, it may be so, as the Globe
asserts it; but we have nothing to do with Earl Grey
vindicating his policy ; it is beside the question. We
have nothing to do but with the unjustifiable dispatch,
and, with all due deference to the editor of the Globe,
we shall not travel out of record, but will
.endeavour to
prove out of Earl Grey's own mouth that his dispatch of
the 14th of January was unjust, ungenerous, unstates-
m anlike, and altogether unjustifiable. We have
already, I think, Sir, proved that it was most cruel
in its commencement, and it will be found most cunning
in the sequel. Now, Sir, let mo beg of you to turn to
Earl Grey's dispatch of the 21st October, 1851. His
Lordship therein acknowledges to have heard from Sir
Harry Smith up to the 20th August; expresses his con-
cern, that less progress than he had hoped had been
made in the subjugation of the Kafirs, and that deser-
tion and disaffection continued to be shown by many of
the coloured inhabitants of the country. His Lordship
then proceeds—" Unfavourable as is the intelligence you
have transmitted to me, it suggests little or nothing that
I could add with advantage to the instructions I have
already addressed to you, • • • . and having taken
steps for sending to you reinforcements, which I do not
understand you to regard as insufficient, her Majesty's
Government can now only rely on your energy and
judgment for so using the force at your disposal as to
effect the subjugation of the enemy with the least pos-
sible delay." So then, Sir, up to the 21st October, 1851,
Earl Grey, having beard from Sir Harry Smith up to the
31st August, sees nothing to add in the way of instruc-
tions, has no fault to find with Sir Harry, but, on the
contrary, states that the Government relies on his
energy and judgment. Either, then, that energy had
been great up to the 20th August, and that
judgment good, or her Majesty's Government were en-
during a most uncalled-for responsibility in sending
additional troops, and relying oa what they did not
consider sound—relying in fact on a broken reed. How
the Government, or, rather, Earl Grey, is to get out of
this dilemma, I know not, but certainly up to the 21st
October, 1851, Sir Harry Smith stands fully and honour-
ably acquitted by his Lordship's own words, and from
the very head-quarters—Downing-street. In that very
dispatch, too, Earl Grey not only does not find any
fault with Sir Harry Smith, but adds additional labours
to his work.

"I look with much alarm to the danger which seems
to exist," says his Lordship; "but the tears very natu-
rally excited amongst the white inhabitants as to the
intentions of those of African descent, may induce the
former indiscriminately to treat as enemies all the co-
loured classes, and thus really create that general hos-
tility which is apprehended. I trust that you will use
your best exertions to avert such a result, and protect to
the utmost of your power those of her Majesty's coloured
subjects against whom no charge of disloyalty can be
supported.
Here, Sir, was a most important and difficult, and
very delicate duty to be performed, and for which
Sir Harry was considered qualified. Now, Sir,
I think you will perceive that this case is drawing
size, a small compass for a large
expand itself again as we show
intobiue
baoo nkt:tsbhuetllit
off each particular item. This dispatch of the 21st of
October either most fully acquits: Sir Harry up to that
date, or condemns Earl Grey. In my opinion it does
both—it acquits Sir Harry Smith, because we must take
the dispatch as we find it, and as it is borne out by ail
previous dispatches, but it equally condemns Earl Grey,
because I think it will be shown, not only by the fatal
dispatch of the 14th of January, but by many others,
that when Earl Grey wrote that of the 21st of October
it was then in his heart and his head that he would su-
persede Sir Harry Smith, but the moment had not
arrived, the hour was not ripe—any great success on the
part of Sir Harry would render his removal not only un-
necessary, but impossible. Earl Grey was then ready
to claim all the merit, the meeting of Parliament was
then at some distance; so Earl Grey concludes on the
21st of October.—" The ultimate abandonment of the
Orange Sovereignty should be a settled point in our
policy." Poor Sir Harry, did he, indeed, believe that
Earl Grey would share the merit of any successful
policy? Did he offer to share the punishment of the error
of judgment, in permitting the troops to leave the Cape?
For this time, Sir, I have done.
YOUR CONSTANT READER.
March 8, 1852.

A STREET PREACHER IN ROME.
A couple of casks, covered with a few planks, served
for a pulpit. A ragged audience, consisting of about a
hundred men and women, were listening with open
mouths to a sort of ecclesiastic, filthy and sunburnt
his appearance, who was gesticulating away
efonrtthhuponP
of this primitive erection. He was holding f
our first
the Passion. "It was,"
said
he,
" the
sloe forth
Saviour.
Yes,ori my
original
n
father that brought on the death of our be
sCionrweeplaernetlayll g
brethren, we are all of us the murderers, the execu-
tioners of our God, and we shall be punished as such,
as party we
are
t o all
lhis tainted
a assassination. waittihovn the. g
penance." So. saying, he opened the top of
his
sletsus we
nie d
tunic,
anod
seizing
hold of a stone, prepared for the
purpose, he fell on his knees, and lacerated his breast
most cruelly, muttering prayers all the while in a
sort
of frenzy. Fired by his example, his audience
like-
wise fell on their knees. Some struck themselves
violently, at the same time uttering frightful
others sobbed aloud, and threw yells;
themselves on their
faces. Men, women, and girls seemed alike
most violent despair, or the deepest a prey to the
what is almost beyond belief, mothers, repentance. But,
to make their children participate • in their anxiety
this exhortitioc in the good ("fleets of
, were whipping them
The preacher, coveredwith without mercy.
and the people as suddenly blood, at length gave over,
scene now changed. ceased their wailiugs. The
Pale as death, gasping and foam-
ing at the mouth, the fanatic preacher cast a threaten-
ing look around '
him. He perceived Fernando and
myself
observing him from afar; and quick to take ad-
vantage of this incident, he extended his arms in our di-
rection, exclaiming, " This is the way the apostles of the
Lord get treated! Heretic foreigners say to each other,
`Let us go and see what that priest is alter, and make
game of his sermons, since the season for laughing at the
buffooneries of Punch and Harlequin is now over!" I was
unable to learn the conclusion ho drew from this epos.
trophe, as my friend, fearing, that this holy maniac
might incite the populace against us, took me by the
arm and drew me away. I could not recover from my
surprise. Less struck, however, by the preacher's ad-
dress than by the tears of his audience, I observed that,
no doubt, the fruits of this sermon would rejoice the
hearts of all honest folks. " You labour under an error,"
interrupted Fernando, " the religion of the Romans is
of the nature of saltpetre, that evaporates as it explodes;
and these fanatics will have no sooner turned their backs
than they will go and drown all these fine compunctious
feelings in liquor, or fritter them away :
some violent
quarrel." ill
—Barnbles through Rome, by the Chevalier de
Chatelain.

-----
A charter of incorporation, with limited liability,
bas been granted by the Government to an association to be
called the Colonial Gold Company. The proposed capital is
500,0001., in 51. shares, and the objects chiefly contemplated
are the purchase. of ores and the transmission of the richer
sorts for economical reduction of works to be established in
London.

RAILWAY INTELLIGENCE.
NORT;-I AND SOUTH WKS:TERN „11.;:s : JOS.
Tee first half-) eaily meeting of this company was
held yesterday at the office, Parliament-street; Mr. 13.
Tootal in the chair.
The report stated that the directors have much plea-
sure in expressing their confidence that the value of this
railway has not been over estimated. At the recent
meeting of the London and North-Western and the
London and South-Western Railway Companies, the
importance of this junction railway was dwelt upon,
and its merits acknowledged. These companies agreed
provisionally to work the line. This agreement since
the pissing of the Act has been confirmed. By its
terms the two companies undertake to provide,
maintain, and work the rolling stock, and to work the
junction for 33 per cent. of the gross receipts; to allow
to this company a mileage toll of six miles on goods,
and four miles on passengers, and in any ease to (gua-
rantee a minimum net revenue from the toll on MerChall-
disc alone of 2,250/. per annum; and that this company
shall be entitled to divide 6 per cent. as dividend after
payment of all interest on debentures, &c., before the
two companies participate in any way in the profits.
The surplus above 6 per cent. to be apportioned between_
the three companies as follows, viz.:—One-half thereof
to this company, and the remaining halt to the London
and North-Western and London and South-Wes-
tern Railway Companies. The directors are convinced
that this agreement is equitable, and for the com-
mon advantage of the three companies. The directors
have been actively engaged in the, purchase of the land,
the greater part of which is in the hands of the con'
tractor. The works have been contracted for on antis'
factory terms with Mr. Brassey, who engages to coos-
plete them in August next. The report of Mi G.
Berkley, the engineer, stated that the line is stake"
out, arid the land, with the exception of one or two in'
considerable portions, is in the hands of the contractor.
More than one-third of the line is fenced. The earth-
work at all the cuttings is progressing, and three of the
principal bridges are commenced. The accounts shows,"t
that 12,0351. had been received, and 6,623/• expeedeu
leaving a balance of 5,4121.
The CHAIRMAN, in moving the adoption of the ren
'''
port, said that on reference to the map it would be seem
that the North and South Western Junction line WOO
connect the London and North-Western line at Willes
den with the Loudon and South Western RailwaY
Brentford. The Act authorizing the construction
the line was obtained in the last session by the, :119
1,
of the two companies he had mentioned. They had
advantage of having two directors from each of those
companies on the board to assist them in nties
management of the undertaking. These ann.P.ll-1
had entered into an agreement for working t"' „ifintaa
when completed, which it was believed would be Pr"
able to all parties. The line was estimated to e
50,000/., and there could be no doubt that the good`
and mineral traffic on the line would produce 3 Pnt.
cent. on the outlay, to say nothing of the Passeltdgdia
traffic, which it was believed would produce an sls,t
tional 3 per cent. On going to Parliament liras
session, it was intended to make a single but
with bridges and works for a double linef,obis
on examining the position of the line and the probable
amount of traffic it was determined to make it s (I' to
line. The borrowing powers would enable them the
raise a further sum of 16,000/., making with
oe uhl
share capital 66,0001., and they believed this sum
not be exceeded. They had every reason to beasd
that the works would be completed in August next, and
that in September they would see the trains running
the line from Willasden to Brentiord in the ordioser.f.
course. The minimum guarantee was 3
would be allowed to divide 6 per cent. and half the soltlio
plus profits, and the other half of the surplus Pr
comp
would be divided equally between the other two ,„t
nies. He believed the arrangement would be aal3-3'
genuslmn
r r.
et
pc-
p)
AlayiYi
tpsoea
questionser(t)inecis e. d t h the
itmotion,wa s
in possession had arisen bt ' thee
stated thatpersocnetndtehierit.
ession of the land, hat
Mr. Brass ,y would do everything iu his power to ope
the line in August. The line was 31 miles in I"ngtlis:
the number of shares was 5 000, IN. each, and the(
were all taken up. It was intended to call up the Qcllo
amount as possible.
Resolutions were passed adopting the report, re-Oen!:
ing the retiring directors, voting them 5001. fort bel
past services to the 31st of December last, and 511°
per annum in future, fixing the salary of the secretary,
at 1501. per annum from the time of the first bog"
meeting of the provisional directors, and electing Ai
J. Durham and Mr. T. R. Cobb auditors, the remunera-
tion to be ten guineas each per annum.
Mr. R.
cmpany,
CREED as asadiidre, director,
reply to a
r of the London and
dNotrrott;
West
Mr. Field, of the Stock-Exchange, that it would be 0
very desirable measure if the Bill for the proposed hoe
from Croydon to Wandsworth should be allowed to pess'
as it would complete the line of railway communication
from the East and West India Dock line to the South-
Eastern and Brighton Railways.
The proceedings concluded with a vote of thanks to
the chairman.