The Sun.
London, England, 1839-02-12 00:00:00

LLOYD'S SHIPPING-(THIS DAY

DEAL, FEB. 11.—Wind W.S. W., foggy.—Arrived and proceeded.
the Mary, Robertson, from the Mauritius; Albion, M`Donald,
Cadiz. Came down from the river and remain, the Westminster,
for New York.

PORTSMOUTH, FEB. 1 L—Wind S.S.E. to W.S. W., hazy.—Arrived
the Betsey, Cook, from London.
PLYMOUTH, FEB. 11.—Wind S.W.—Arrived the Hercules
(steamer), from London, and proceeded for Cork ; Duke of Cam.
bridge (steamer), from do., and proceeded for London. Sailed her
Majesty's ship Hercules, for Barbadoes ; Armada, Nielson, Bordeaux.
IfaLmotrrts, FEB. 10.—Wind N.E. to S.E.—Arrived the Lord
Althorp, Jackson, from Bahia; Tagus (steamer), Symonds, glibral.
tar, left 2d instant, Cadiz, 3, Lisbon, 5, Oporto, 6, oral Vigo, 9 ;
Braganza (steamer), M`Leod, London ; City of Limerick (steamer),
Moppett, from do, and proceeded for Dublin ; Devonshire (steamer),
Mills, Dublin. Sailed the Hector, Morgan, for Jamaica ; William,
Mackenzie, Trieste; Lady Briggs, Malta ; Cardew, Christian, Lis.
Lon ; Speranza, London; Tagus (steamer), from do. ; Georgiana,
Evans, Galway ; Active, Robson, Waterford ; Prudence, Merril,
Gloucester.

LIVERPOOL, Fes. 11.—Wind S.W., moderate.—Arrived the Cre.
scent, from Charente; Sirius, Marseilles ; Cambyses, Hutchinson,
New York ; Blucher, Cadiz; Atlas, Antwerp ; Richmond, Odessa;
Swiftsure, Brown ; Eagle, Barnes, Leghorn ; Beverley, Brown, St.
John's; Albatros, Bayne, Nantes; Rising Sun, Thomas, Bout-
deans. ; Shepherdess, Turner, Leghorn ; Snowdrop, Mediterranean;
Thames steamer, Hazore ; Alexander, Lisbon ; Nova Born Tin,
St. libe's ; Old Tom, Jersey ; Francis, Russell, Belfast ; Mariner,
Colchester; Albion, Foreman, Woodbridge; Victoria, Newhaven;
William, Plymouth ; Rapid, Bridgwater ; Henriette, Moore, Isle
of Man. Off port the Francis, Refrean, from Charleston. Sailed
the Thompson, Andrews, for Mobile; Ellett, Chadwick, Constanti-
nople; Sir C. Campbell, Wade, Charente; Niagara, Cole, New
York ; Penelope, Alexandria ; Queen of the South, Gillard, St.
Michael's; Warsaw, Folger, Philadelphia; Emerald, Weatherly,
Odessa.

Cowes, FEB. 11.—Sailed the Rambler, Hall, for Gibraltar.

LIVERPOOL, Fun. 11.—The Transit, from Savannah to Liver-
pool, on shore near Pwllheli, Is covered at high water. It is ex-
pected the vessel will break up, when the cargo will probably be
saved as it washes on shore. The surf is too high for any one to
approach the vessel. An outward-bound schooner is on shore on
the Brazil Bank.

SOUTHAMPTON, Fen. 9.—Arrived the Bonne Marie, Bertrand
Eugene, Thomas, and Julie Alfred, from Nantes.
SALCOMBE, FED. 11.—Sailed the Concordia, Ball, for Lisbon.

CREEK, Fin. 11.—Arrived the Emma, Thomas, from Constanti.
nople ; Union, Pulham, Trieste; Neriad, Martin, Leghorn; James,
Reader, Sarnarang ; Mary, Williamson, Marseilles; Robert Scaar.
field, Clough, Kertch.

BRISTOL, FEB 10.—Arrived the Emilie Maria, Jeddow, Nantes.
SOUTHWOLD, Fan. 11.—The Barbara, Gunsen, from Newcastle to
London, was run foul of to-day, off Easterness, during a thick fog,
by the Derwent, Addes, from Newcastle to Gibraltar, and sunk—
Crew saved; the latter sustained little apparent damage, and is a;
anchor in the Bay.

MILFORD, FEB. 9.—The Victoria, Mathewson, from Cephalonia
to Liverpool, is on shore near Gillon Island, and it is feared will be-
come a total wreck—crew saved.

MONEY MARKET and CITY NEWS

CITY. TWELVE O'CLOCK.
LITERPOOL COTTON MARKET, MONDAY, 11TH FEB.—
We have had an improved demand for cotton to-day, the
sales reached 6,000 bags of all descriptions, 2,000 of which
have been taken by speculators.
Arrivals this morning French and Lisbon mails, the latter
by the Tagus sailed from Lisbon lith Feb., Cadiz 3d Feb.,
Gibraltar 2d Feb., Oporto 6th Feb., Vigo 7th Feb.
We have received Gibraltar Chronicles to the Ist Feb.,
the above papers are chiefly filledlwith English news, and
do not contain any news from the seat of war in Spain than
previously received via France.
The ship Bonne Clemence has arrived at Bordeaux,
bringing news from Valparaiso of the 10th of November.
They were without news for a long time from Lima. The
war continues to paralyse all commercial affairs. It is said
that Santa Cruz and his corps d'armee were to be in the
environs of Lima about the 20th or 25th of October, and
a serious engagement would most ;likely take place
with the Chilians about the above period. Orbagoso was
was still in possession of the Castle, and appeared decided
to accept the intervention of Santa Cruz.
We have received this morning the Toronto
Patriot of the Bth January, which contains the following :
Twenty-five of the body of brigands who invaded Wind-
sor,'and murdered Assistant- Surgeon Hume, and afterwards
savagely mutilated his body, have been found frozen to
death in the woods, six in various places, and nineteen in
one circle round a fire.

A letter from Brussels state that the Pope's Nuncio
has pronounced on what he has seen of the affairs of
Belgium ; for this month past he has been silent, now he
commences speaking, and blames all thought of resist-
ance on tho part:of the Belgians, and goes still further—
threatens the disapprobation of the Pope. A party of the
higher Clergy has already changed their opinions on the
question of the Orders of the Day.

THE FUNDS.

The chief arrival this morning is a Lisbon Mail, with
dates from the above capital of the sth of Feb.
In the Session of the 31st January the Minister of
Finance presented the Budget for the year ending
,the
30th Juno next. The total revenue of the year (1838-
1839) was estimated at 8,000 contos in round numbers,
and the expenditure necessary to meet all the annual
charges at 10,000 contos, which leaves a deficit on the year
of 2,000 contos, about 500,0001. The Minister did not
say any thing respecting the sum due to British military
claimants, which amounts to 300,0001., or how the
dividends on the English debt are to be paid in
the face of this deficit, but it appears that the
home creditors are regularly paid out of the proceeds of
the taxes. The reply to the Queen's Speech contains three
clauses hostile to the existing Ministry, with reference to
the home policy ; the paragraph on the slave trade is drawn
up in unmeaning terms ; that on Spanish affairs offers a
warmer expression of sympathy. The prevailing opinion
is, that the Ministry will stand in need of a fresh loan to
make up the deficiency of the revenue upon the face of this
budget. We cannot conceive what cause there is for the
late rise in the Portuguese Stock in our market; their not
mentioning one word about the foreign dividends is a proof
that they are not able to pay them. Portuguese Stock
has receded.

We have no other arrivals from any quarter worth no-
ticing.
Consols which closed yesterday at 92 I Q for the Ac-
count, opened this morning at same price, since which
may be quoted at 92i, buyers, Money 921 ; Exchequer
Bills 63 65 ; India Bonds, 61 63 ; Bank Stock 2021 31 ;
India Stock, 252 253.
In the Foreign Market Portuguese Stock have receded,
closed at 36-; 374, at present 364, owing to the deficiency of
the revenue in the Budget, and no notice taken of paying the
dividends due to the British creditors ; Three per Cents.,
221; Spanish Active closed 19a at present 191 ;
Belgian, 981 994; Brazilian, 79.1 4 ; Colombian, 284 291;
Mexican, 23i 24; Dutch Two-and-a-Half per Cents.,
541 i; Five per Cents., 1021

PRICES OF STOCKS THIS
Bank Stock 202% 3%
3 per Cent. Red. 938 3
3 per Cent. Cons. 92% %
3 per Cent
Ditto Red. lOO% al'
New 3% per Cent...loo 100% 99%
New 5 per Cent.
Bank Long Annuities toexpire
Jan.. 5, 1860 l5 1-13
Oct. 10, 1859 14%,
Jan. 5, 1860 -
Jan. 5, 1880 -
April 5, 1880 -
Jan. 5. 1870 -

DAY AT ONE O'CLOCK.
India Stock
Ditto Bonds 63 61 pm
South Sea Stock lO3
Old Annuities
New Ditto
3 per Cent. Annuities, 1751
Exch. Bills, £l,OOO ... 6; 04 pm.
Ditto 500 ... 62 64 pm.
Ditto Small 62 64 pm.
Ditto Commercial — pm.
Ditto Advertised — pm.
Bank Stock for Account
India Stock for Account ...
Consols for Account 9,1%

PRICES OF FOREIGN FUNDS
Austrian Bonds —
Belgian Bonds 98',4%
Ditto Account
Brazilian Bonds

'HIS DAY AT ONE O'CLOCK
Peruvian Bonds
Ditto Account.
Portuguese Bonds
Ditto New Bonds 37 693 Sii

Ditto Account
Buenos Ayres Bonds
Ditto Account
Chilian Bonds

Ditto Account......36Ri 57;ni;4P
Ditto, 3 per Cent. 23 2
Ditto Accoußt
Prussian Bonds

D tto Account
Columbian Bonds
Ditto Account
Columbian Bonds, MI
Ditto Account
Danish Bonds
Ditto Account
Greek Bonds
Ditto Bonds, 1625
Ditto Account
Mexican Bonds, 5 per Cent —
Ditto Account
Ditto, 6 per Cent
Ditto Account
Neapolitan
PRICES OF SHARES THIS
Great Western Railway Company..
L ondon and Birmingham Railway (
London and Greenwich (New) Rail
London and Croydon Railway Com,
Ditto New Scrip
Midland Counties Railway Compan
British North American Bank

Russian Bonds, 1822
Ditto Account
Ditto Metallic
Spanish Bonds
Ditto Account
Ditto Bonds, 1834 19%
Ditto Account. 19300(.?
French, 5 per cent....... 1101. 25c.
---- 4 per cent.
3 per cent.
---- Exchange.
Dutch, 2% per cent. 54%
Ditto Account
Ditto, 5 per cent
Ditto Acc0unt........
DAY AT ONE O'CLOCK.
Paid. Per share
N
Company 65
90 T
174
lw y 2O 17
tpany 161.83.
4
riy 5O
25

5 %
35%
26 %

HALF-PAST ONE.
We hear that a Commissioner arrived last night from
the Government of Madrid to sign tho treaty of commerce
with this country.
Various are the opinions in respect to the Portuguese
Budget; by some it is thought favourable, and by others
unfavourable.

We have no further arrivals to announce at preseat.
Consols maintain the price of 921 for the Account,
Money 921; Exchequer Bills, 62 64 ; Indiaßonds, 63 Ul ;
Bank Stock, 2021 203} ; India Stock, 253.
Spanish Active rather lower than in the morning,
19i 1; Portuguese, which was at 36k, may be quoted at
30/ ; Three per Cents., 223 a ; Belgian, 98i. 99
Brazilian, 794 1 ; Colombian, 23k 29 ; Mexican, 23& 24 ;
Dutch Two-anda-Half per Cents., 541 ; Five per
Cents., 1041.
THREE O'CLOCK.
Consols for the Account, 921.

THE MARKETS (THIS DAY).—The Fish
Markets are well supplied, and the trade was brisk at previous quo-
tations. The Hay Markets had a moderate supply, and previous
Jates were supported. The Tallow Market continues in the same
iTreetiye state in which it has been for some time past; P. Y. C.
Was stated at 565. 6d. There was scarcely any business done in the
Colonial Market.

ANNUAL GENERAL MEETING OF
THE MEMBERS OF THE MANCHESTER
CHAMBER OF COMMERCE AND MANU-
FACTURES.

MANCHESTER, MONDAY EVENING, FED. 11.
REJECTION OF MR. GEORGE WM. WOOD FROM THE
DIRECTORY.

The Annual Meeting of the Members of this Chamber took
place this morning at the Chamber, King-street. Considerable dis
sension having been raised amongst the commercial men of this
town by the speech of George Wm. Wood, Esq., M.P. for Kendal,
the President of the Chamber, on the occasion of his seconding the
Address to the House of Commons, there was a large number of the
members present.
RICHARD BIRLEY, Esq., Vice. President of the Chamber, was
called to the chair, and he opened the business by reading the ad
vertisement announcing the meeting. He then called on the Se.
cretary to read the Treasurer's account.
The SECRETARY then read the lit port of the Board of Directors
for the past year. The following is a copy of the most imporiant
portions of the Report :
MAILS ON RAILWAY BILLS.—A petition to the House of Corn
mons against some very objectionable clauses in the Bill on this
subject, brought into Porliament by the Right Hon. C. Labouchere,
was presented from the Board, praying, however, at the same time,
that necessary powers should be given to the Post-office authorities
to compel Railway Companies to provide adequate means for the
safe, convenient, regular, and expeditious conveyance of the mails.
CORN Laws.—The proceedings of the Chamber in reference to
this most important of all commercial questions are too recent to
require any detailed remarks upon them in this Report. Most truly
does the Board congratulate the country on the searching investiga-
tion which the subject must now undergo. The petition agreed to
at the special general meeting, held on the 13th of December, and
by adjournment on the 20th December last, signed by the President
on behalf of the Chamber, has been forwarded to the Members of
the borough for presentation. A copy of it is appended to this
Report.

COMMERCIAL TREATIES WITH AUSTRIA. AND TCTRKET.—In refer-
ence to the valuable treaties recently entered into by her Majesty,
with these countries respectively, the Board thought it desirable to
record their opinion by means of the following resolusion :—" That
the commercial treaties recently entered into by her Majesty with
Austria and with Turkey, are measures of deserved congratulation
to this country, holding out the promise of durable amity with those
States, and making provision, on wise and just foundations, for the
permanent development of improved and extended commercial in-
tercourse with their people. That these treaties are, moreover, well
calculated to add stability to the peace of Europe. That on these
grounds the Directors of this Chamber of Commerce are desirous
to record their satisfaetion with these treaties, and to express their
obligation to those statesmen of the three countries of Great Bri-
tain, Austria, and Turkey, through whose enlightened views, and
by whose judicious exertions, they have been negociated and rati-
fied, and have become a part of international law."
Upon the motion of Mr. J. C. DYER, seconded by Mr. HENRY
TOOTAL, the Report was received.
Messrs. Joseph Armstrong and Wm. Allen were appointed audi-
tors of the accounts of the Chamber.
Upon the motion of Mr. J. E. TAYLOR, seconded by Mr. GEORGE
SANDARS, a number of copies of the Report were ordered to be
printed, and circulated amongst the Shareholders.
APPOINTMENT OF DIRECTORS.

The CHAIRMAN said that now was the time for the appointment
of new Directors for the Chamber.• All the Directors went out of
office, and six, who had attended the Board the least number of
times, were ineligible. Those who thus became ineligible were
Messrs. Wright, Henry, Romilly, Marsden, Ingleby, James Hey.
wood, and Mr. J. Bradshaw, resigned. The usual practice was in pro.
posing the names, to put each name separately to the Meeting.
Mr. J. C. DYER, after a few preliminary observations, said that
he was about to make some observations on the Report of the Direc-
tors in that part where it related to the Corn.laws, which appeared
to him to be a matter of prominent importance at the present time.—
(Cheers.)
Mr. HENRY Tour/Lt.—Do you mean to move some amendment ?
Mr. DYER—Yes-
Mr. Toorai—There is no motion before the meeting.
After a few words from the Chairman,
Mr. DYER said he intended on that occasion to move that the
Board of Directors be appointed by the list, and not individually,
because it appeared to him that to go through each name indi.
vidually would take up the whole day.
Mr. JOHN TAYLOR, editor of the Manchester Guardian, said
that he had not the least objection to move a list of names ; he,
therefore, moved that the following gentlemen be appointed Direc.
tors of the Chamber of Commerce for the ensuing year :
Mr. James Atherton Mr. John Smith (Piccadilly)
Mr. William Atkinson Mr. J. B. Smith
Mr. Thomas Bayley, jun. Mr. Henry Tootal
Mr. Richard Birley Mr. Thomas Townend
Mr. William Gibb George Wm. Wood, M.P.
Mr. Robert Gladstone Mr. John Anderson
Mr. John Macvicar Mr. Alex. Bannerman
Mr. William Neild Mr. Samuel Fletcher
Mr. Henry Newbery Mr. William Harter
Mr. J. C. Prescott Mr. Francis Hodgson
Mr. George Sandars Mr. Henry Houldsworth
Mr. Leo Schuster Mr. James Murray.
Mr. WM. READ seconded the motion.
Mr. HENRY NEWBERY objected to this mode of proceeding, as it
might lead to inconvenience hereafter.
Mr. DYER said with the utmost deference to the gentleman who
moved the original list, he humbly submitted his own individual
opinion, that instead of taking lead, as the Board of Direc-
tors ought to have done, in aiding the great interest connected
with the importation of food, instead of being in advance oT the
great body of the Chamber, he had only to refer to the meetings
which had been recently held on the all absorbing question of
the Corn-laws, to show that the members of the Board of
Directors had been adverse to a repeal of the Corn-laws. But
still he saw that there were obvious symptoms of change in the
Board, and this change redounded to their credit. There was a
change in their opinions with reference to that great question upon
which the destinies of this great country were depending, but he also
perceived with pain and regret that the Directors had made a much
longer report upon such circumstances as the visit of the Duke
of Dalmatia, than the other questions,: the mention of whichwas ere-
ditable to the Board. He perceived from the Report that the peti.
tion which was agreed upon at the last meeting of the Chamber, and
which he would say without contradiction was fairly wrung from
the Board of Directors, that it was not the petition that the DL
rectors offered, and they did not agree to the stringent petition that
was brought forward ; he perceived that that petition had been for.
warded for presentation. The Directors had congratulated the
Chamber upon the passing of that petition, which was not the pe-
tition of the Directors, but the petition of the Chamber of Corn.
merce. He thought that it was the duty of the Board of Directors
to have taken the lead ; they ought to have led the public mind,
and not to have needed to be dragged behind it. With all respect for
those gentlemen, who he was sure differed from him with honesty
and sincerity, he (Mr. Dyer) differed in toto from the spirit
which had guided them fur years past in leaving this question in the
back ground, instead of making it the foremost of their proceed-
ings. They did not seem to underrate the importance of the Post-
office question, and the other matter about raisins—(Laughter)—
all those things were for the consideration of the Board ; but on the
question of employing the population of this country, and keeping
the people in a satisfactory state—he denied that it was in a satisfac-
tory state.— (Cheers.) As a proof of the unwillingness of the Di-
rectors to proceed in this matter, he begged to refer the Chamber
to the fact; that although they had had two meetings upon the
question, the second petition, as it came from the Board, was enly
slightly modified, and the petition that wasagreed to was another
petition.— (Hear.) He entertained the deepest respect for the
President of the Board, who was now absent ; he had a right to
the full enjoyment of his own opinions, and he (Mr. Dyer)
entertained, as was well known,a personal esteem for that gentleman ;
he had a high opinion of his talents, and entertained the conviction
that he was as earliest in what he conceived to be for the welfare
of the country as any gentleman that he (Mr. Dyer) knew. But he
thought that Mr. Wood had made a great mistake in his recent
speech, which was for anything but "onward" for th 4 repeal of this
monopoly, whilst the petition of the Chamber was for a total,
immediate, and entire abrogation of the Corn.laws. He perceived
that the President had stated that he was for an alteration. What
alteration ? An alteration in the law ? That was not giving ex-
pression to the prayer of the petition which the Chamber had sent
forth. It was not an alteration that the Chamber asked for. They
demanded a repeal of the Corn. law.—(Cheers.) It was not for an
alteration of the Corn.law that they had sent Delegates to London.—
(Cheers.) After a few more observations, expressive of the regret
he felt at Mr. Wood's lapsus lingua., Mr. Dyer concluded by mov-
ing that the following gentlemen be appointed Directors for the
eusning year:—
Mr. Thos. Bayley, jun. Mr. Henry Ashworth
Mr. Wm. Neild. Mr. Benj. Pearson
Mr. J. C. Prescott Mr. James Kershaw
Mr. Leo Schuster Mr. W. R. Callender
Mr. J. B. Smith Mr. Holland Hoole
Mr. Henry Tootal Mr. John Cheetham
Mr. Robert Greg Mr. James Murray
Mr. James Burt Mr. Andrew Bannerman
Mr. J. C. Dyer Mr. Henry M'Connell
Mr. R. Cobden Mr. John Lloyd
Mr. Richard Roberts Mr. Joseph Smith
Mr. E. ASHWORTH, of Bolton, seconded the amendment in an ex.
cellent speech ; in the course of which he said that he was fully
convinced that nothing short of an immediate and total repeal of
the Corn-laws would reach the evils under which the country was
now labouring. Entertaining, as he did, the highest personal re.
spect for the late President (Mr. Wood), he believed that the false
step which he had taken was a lapsus lingua which that gentleman
never intended. Mr. Ashworth complained that the Board of
Directors of the Chamber had hitherto shown too much subserviency
towards the Government of the day, and blamed the Directors for
not having opposed previous Ministries upon the question of the Bank
of England and other monopolies, which were doing so much injury
to the interests of commerce, and the general interest of the corn.
munity.

After a few words from Mr. Fziortv,
Mr. MAcTIC4III said that he had heard his name read in the list
of Directors proposed by Mr. Taylor, but he must beg leave to decline
the honour. He felt as much as any man could do the disadvan-
tages that resulted' from the present system of Corn-laws, but he was
not prepared to go the whole length which most of those gentlemen
proposed by Mr Dyer were prepared to go. Another reason he had
for adopting this course was, that he considered that the amendment
was a direct implication on the services of the respected President
of the Chamber.

Mr. SPENCER also begged that his name might be withdrawn
from the amended list.

Mr. GIBS said that his chief object in becoming a member of the
Chamber, was for the purpose of introducing the system of free
bonded warehouses in Manchester, and having done his best on this
subject, he felt that he could retire with as Much philosophy as pos-
sible from serving on the Board. He was surprised to see that the
list comprised the names of gentlemen of one class of politics.—
(Cries of " No—Mr. }Toole.") Mr. Hoole was certainly an
excep.
tion, and, with the exception of that gentleman, the rest were ex-
clusively of one line of politics.
Mr. G. SANDARS said he could not consent to go in the wake of a
number of individuals who went for " the total and immediate re-
peal of the Corn
`laws," " the repeal, the total repeal, and nothing
but the repeal," " a cheap loaf for the people."—(Cheers from the
supporters of the amendment.) He considered it merely as a tub
thrown out to the whale, and he could not consent to go in the same
boat with those gentlemen, because he thought the boat would be
swamped. He was for a gradual repeal of the Corn.laws, and would
not render his assistance to carry out the precedent thus attempted
to be introduced.

Alderman Roamers supported the amendment.
D
m Wio, lf:i.rneßejdeEcoAt
purposea n d complained opposed
e methodthe
which amendment,vwas
sn oiwn
being
ng energeticadopt adopted
forspeech,the
Mr. Wood from the situation of President,
which he had so ably filled.
After a few words from Alderman BROOKS,
Alderman COBDEN supported the amendment in a forcible speech,
in the course of which he made some strong animadversions on the
present and past foreign policy of this country; and with reference
to the Austrian Treaty stated that (Although the Ministerial prints
had stated that the answer was inaudible) Lord Melbourne stated
the other day, in answer to Lord Aberdeen, " We cannot carry on
that treaty except by means of an additional treaty with Turkey."
The CHAIRMAN said he had received a note from Mr. Wood, In
which he stated that he had intended to be present at that meeting,

but he was unavoidably detained in London.
Mr. TOOTAL said that although the question of the repeal of the
Corn.laws had not been brought before the Chamber by the Board,
yet it had been discussed amongst themselves at their meetings.
Mr. Tootal then read the following letter, which he had received

from Mr. Wood, respecting his speech in seconding the Address :
London, Feb. 9, 1839.
My Dear Sir,—l had intended to have gone down to Manchester
to.day, to have attended the annual meeting of the Chamber on pion_
day, but am prevented doing so from the necessity of being in the
House of Commons on Monday evening.

You will have been made aware that some of our Manchester
Meads, who are here as Delegates for the repeal of the Corn-laves,
have been dissatisfied with what I said in seconding the address on
Tuesday night, under an impression, on their part, that it will be in-
jurious to the success of that object.
I should be deeply concerned were this to be the case ; but I do

not see how it can have such an effect, and I hope it will prove that
they are mistaken.
I have no idea that any suppression of the truth can really
benefit a good cause; nor do I suppose that any well-informed
well wisher to the repeal of the Corn.laws would desire to
have any concealments made. We do not build our case for
the repeal on the averment that our trade is already, 31',3
whole, on the decline, and in a state of decay, but on toe
more rapid advance snaking by foreign competitors, which we are
already seriously feeling the effects of, and which we apprehend will
press more and more, in all probability, on our manufacturing in-
dustry, and which therefore require; as a matter of justice, bu
Inanity, and sound policy, that we should remove every impediment
of our own making, to the free development of our natural re-

Sources.
The facts which I stated were as to the actual position of 00r
commerce in the aggregate, and could not have been concealed, even
had we wished it. The leading circumstances are obvious to all who
look around them; and the documentary proofs will be very sherd?,
in the hands of every Member of Parliament. Even that nights
debate would not have passed over without the same circumstance_!
being stated, and dwelt upon, from other quarters, for Sir Robe"
Peel had with him documents of a similar character, to which he
did refer, and on which he would have built up the line of argument
he adopted in support of his announcement in favour of- the Main"
tenance of the Corn-laws. That declaration was a surprise upon us,
but was unquestionably premeditated.
Had the forms of the House allowed me to reply, I should have
shown how much he overstated the circumstances. This I COtd"
not do. I should have pointed out how large a proportion of the
excess, dwelt upon by Peel, arose on the raw and half.manufa'
tured articles, and how small an one on the goods. But this was
obvious to every one who heard me; because I gave the result full,'
and distinctly, by mentioning every commodity separately,
and the
exact per centage of variation on each. To have converted $
speech which I made, as seconder of the address, and which re-
quired from me to advertito every topil of national importance in 111
of our relations at the present time, into an argumentative Wee'
in favour of the repeal of the Corn.laws, would unquestionably have
been out of place, and would consequently have been ill received,Ou
therefore could not have been serviceable for the repeal. •
I have ventured to trouble you with these explanations, to Ida.;
you acquainted with the circumstances in which I was placed, and
the course I had to pursue. Had I been aware that I might be Mit
apprehended, I should have endeavoured to guard myself from such
consequences, but apprehending no mischief, I left the truth to Kiel
for itself —Yours, truly, GEO. WA WOOD.
Mr. H. ASHWORTII supported the amendment.
Mr. HENRY NEWBERY said he was not anxious for a fixed chtll
on corn, for any number of years, but he thought that there 0011,1
be a low fixed duty, to be continually reduced until at last it WO
done away with altogether. He admitted that Mr. Wood had corn'
witted himself, but the forms of the House prevented his giving t,h,e,
requisite explanation in answer to Sir Robert Peel, but he A''"
thought that Mr. Villiers had grievously committed himself in pet
working out the statements that were wade.
Mr. SAMUEL STOCKS, jun., supported the amendment, but censured
the strong language which some of the speakers had used toward'
Mr. Wood, who, he understood had written to his constituents St
Kendal, stating that he should vote for the total repeal of the Corp'
laws. Mr, Stocks then took a comparative view of the
exports or
the country and the imports,. deploring the declining gate 01-
manufactures.
Mr. J. E.
,TAYLOR addressed the meeting at some length'
questioning the line of conduct pursued by the total and hums'diate repeal party, and expressed his surprise that sentimentssuch as those expressed by some gentlemen present, should have
passed the lips of gentlemen professing liberality of sentiment. t
Mr. TOOTAL intimated to the mover of tl.e amended list tha
he would not serve if elected.
The CHAIRMAN then stated that he had received a note On'
Mr. Leo. Schuster declining to serve the office if elected.
The CHAIRMAN put the amendment, which was carried bY -
large majority.
The Mayor was then called to the chair, and after a vote of
thanks to the Chairman the proceedings terminated.