The Sun.
London, England, 1837-03-14 00:00:00

THE FUNDS.-(THIS DAY.)

CITY, TWELVE O'CLOCK.
During the whole of yesterday morning we were perfectly
quiet in the City, without any false alarms respecting com-
mercial affairs, and the various Funds were getting up ; but
towards the afternoon the accounts from Liverpool were of an
unfavourable nature respecting the Cotton Market, and great
fears were entertained that the Americans would forward to
this country a large supply of that article, which would cause
a fall in the price. These accounts had some effect on the
Funds, and Consols closed not so good as they were in the
previous part of the day, at 901 for the Account, and 90k,
sellers, for Money.

Consols opened this morning at 901 fcr the Account ;
Money, 90ii ; Exchequer Bills, 29 31 prem. ; India Bonds,
29 31 prem. ; Bank Stock, shut.
In the Foreign Market, Spanish Active, 25# ; Passive,
7* ; Deferred, 111 ; Portuguese, 481 491; Three per
Cents., 31i 32 ; Columbian, 23,i 241; Mexican, 24 25 ;
Dutch Two-and-a-Half, 53i- j.
The Bombay Price Current of the 12th Nov., mentions,
that as the Dewab holiday had occurred, very little business
had been done. Opium is rather higher and firm at 1,220 to
1,225 rupees, for delivery in February.
Accounts from Carthagena, of the 22d Jan., state that our
blockading squadron was off that city, and had intercepted the
Granadian brigs from New York to Santa Martha, as well as
a French bark, from Havre, with a cargo. The city was get-
ting thinned of its inhabitants, and a special messenger was
about to proceed to the British Ambassadcr with dispatches.
Spanish Active, which was very heavy at the opening of the
Market at 25k, on a sudden improved to 261 one per cent.—
owing to reports that an express had arrived from Paris with
information of the commencement of the combined operations
in the North of Spain. To this hour we cannot trace the
above to any authentic source. It is also added, that a letter
has been received from General Evans, of an unfavourable
nature.

HALF-PAST ONE O'CLOCK.
The report which prevailed in the morning of the com-
mencement of the combined operations in the North of Spain
is not confirmed to the present hour. The only information
which gains ground is a letter from General Evans, who writes
in high spirits, and says, that the moment the ground is
favourable for his artillery to act, he will commence his opera-
tions. We hear of two expresses having arrived from Paris
this morning; but their contents are still a secret.
Thursday being settling-day in the Foreign Market, they
are busy in arranging their accounts.
Consols at present soi for the Account, and for Money
901 ; Exchequer Bills 31 29 31 prem. ; India Bonds 31
29 prem.
Spanish Active has improved to 26/ ; Passive 71 ; Deferred
11 ; Portuguese 49i; Three per Cents. 32 ; Dutch Two-
and-a-Half per Cents. 53g.

THREE O'CLOCK.
Consols for the Account, 90 i.
THE FUDNS.—CLOSING PRICES.
BRITISH FUNDS.
Bank Stock . — Omni= /
3 per Cent. Red .— India Stock ...........
.....•.. .....
3 per Cent. Conk.... ..........
ly2 per Cent.
.....
3% per Cent. Reti — Ditto Old Annuities ..... ........
N • N ' A "

.4ew 3% per Cent. 9334
per Cent. AssentLd
Dissented
Long Annuities to expire
Jai Is6O 15%

Ditto New Annuitiec.„ .........
1.;:c. Bills, 1000/ "%cl. ... 31 ,71,
Ditto SOO/ 32 pm.
Ditto 5001 ~,,, ..,....
Bank Stock for Opg. ..........g.
India Stock for Act. . ..... ......259

Jan. 1550...
FOREIOD

EL;Tols for Oct.
FUNDS.
Portuguese Bonds, 5 per cent.
Ditto, Now Ditto
5 per cent.

Austrian, 5 per
Belgian, 5 per

BriiiHan Bond' ...... ..... 87%
Uuensa Ayres, 6 per cent —
Chilian, 6 per cent —
Colombian, 6 per cent. .....
Ditto, 1931
Danish, 3 per cent. —
Giceic Bonds, 1625,5 per cent.
Mexican, 5 per cent......„,,„.,
Ditto, 6 per cent, 1825..
Veruvian, IW-5, 6 per cent.

Prussian. 5 per ....„
Russian Bands, 5 per Tut
Ditto, Metallic ......... .....
Spanish, 5 per cent....
Ihtta, „.„
French, 5 p9r cent .....
Exchang2
French, 3 per cent...
Dutch, 2i per cent ... ..... 53%
Ditto, 5 per la%

SHARES.

London and Birmingham Railway
London and Southampton Railway... ...... ••••• 2l , ,
Manchester and Leeds Railway
No other variations in the Prices of Shares sine our One oir—Eci
Lige

LONDON,
TUESDAY EVENING, MARCH 14, 1837.

In the House of Lords yesterday the proceedings possessed
but little interest, being limited chiefly to the presentation of
petitions on the subject of Church-rates. The Bishop of
BAill and WELLS, whilst presenting one from Bath in favour
of the continuance of the present Church-rate system, at first
somewhat invidiously asserted that it was signed by all the
" respectable" inhabitants of that city. Afterwards, however,
when Lord HOLLAND subverted this strange statement, the
Reverend Prelate stood corrected by qualifying his original
averment.

In the House of Commons Lord JOHN RUSSELL, in reply to
Mr. ESTCOUKT, said he could not name the day when the other
resolutions relative to Canada would be brought forward.
The same Noble Lord, with regard to the appointment of
Mr. CODD, a gentleman not bred to the Bar, to the office of a
Police Magistrate, stated that he had been induced to depart
from the usual practice, owing to the high recommendations
which he had received of that gentleman's magisterial apti-
tude and qualifications ; but that he thought an adherence to the
usual practice recommended by the Police Committee desirable.
Mr. O'CONNELL called attention to a mis-report of his
speech on the affairs of Spain, which appeared in the Times
last Saturday. The Times, in its tissue of gross misrepre-
sentation, had grafted in its web of falsehood the words—" it
was notorious that the Queen of Spain was voluptuous in
fOrm and propensities." The Learned Member denied having
used these words, or, indeed, " three words of the entire
speech" attributed to him by the Times.
The Millbank Penitentiary Bill went through a Committee.
The House then resolved itself into a Committee on the
Church-rate Regulation Bill, 'when Sir ROBERT PEEL rose,
and entered into a mass of arithmetical detail, with the design
of inducing a belief that the calculations of the Chancellor of
the Exchequer were inaccurate—that no surplus would arise,
&c. &c.
Lord Howlex contended that all the calculations of the
Right Hon. Baronet were wrong. Amongst other blunders
he had omitted altogether to notice 350,0001. The Noble
Lord stated "facts which warranted him in saying that the
Church leases were as valuable by calculation, as the sums they
had been set down at." With regard to the proposition before
the House, Lord Howicx proved that "it would be more bene-
ficial even to the Church itself, and to the Dignitaries of that
Church, than the existing system ever had been." The
Noble Lord concluded by declaring " that there would be
a sufficiency of means to provide for the due repairs of the
fabric of the Church, while the grounds of that discontent
which existed in all large towns, and also in many agricultu-
ral districts, would be removed. It was a measure which was
intended and was well-calculated to call hat° action the
dormant capabilities of the Established Church. It was a
measure which would render the incomes of the dignitaries
of the Church secure from the imprudent exercise of power.
It was a measure, in one word, which, while it would give
the greatest satisfaction to the country—would prove most
beneficial to the Church and to religion."
After Mr. VERNON, Mr. BUXTON, Mr. GOULBURN, and Dr.
LUSHINOTON had successively spoken, the debate (which we
have noticed in a separate article) was adjourned to this day.

Lord HOLLAND administered to the Bishop of Bath and
Wells a well-deserved rebuke for a piece of disingenuous
impertinence of which that Right Reverend Father in
God was guilty last night in the assembly of hereditary
" Tribunes of the people." The Bishop, in presenting a pe-
tition from Bath praying their Lordships not to assent to
any measure for the abolition of Church-rates, took occa-
sion to assert that it was signed by all the respectable in-
habitants of that ancient city. It is the fashion for
aristocrats of the Bishop's stamp to arrogate to them-
selves all the respectability going. If one pays Church-rates
regularly, and clamours for Church and KING at vestry
meetings, he is a respectable man ; but if he happen to be
a Dissenter, or an advocate for relieving Dissenters from
Church oppression, he cannot, according to the standard of
the Bishop of BATH and WELLS, be ranked among the
respectable portion of society. It so happened that Lord
HOLLAND had presented a petition from Bath, the prayer
of which was directly the reverse of that committed to the
charge of the Bishop ; and the Noble Lord felt it his duty
to assert an equal claim to respectability in behalf of his
body of petitioners, reprimanding the spirituil Peer at the
same time for his unfairness and uncourteousncss. The
Bishop then tried to draw off and eat his words, by pretend-
ing that he meant to say—not all, but a majority of the
respectable inhabitants of Bath. This was but a clumsy
subterfuge—something nearly as awkward as it would be
for a plutnp,rosy-gilled Bishop to attempt to creep through
a rat-hole.

Whether it was that Lord WYNFORD felt for the situa-
tion in which the Right Reverend Prelate bad placed him-
self, and wished to keep him in countenance by putting
himself in a similar position—just as we have sometimes
seen a gentleman, from mere affection, share the rotten
eggs, dead cats, and other honours of the pillory with his
friend—or whether the Noble and Learned Lord saw, and
could not refrain from embracing, the opportunity of making
himself more ridiculous than he usually is, we know not.
But true it is, and of verity, that he did most certainly out-
Bishop the Bishop in claiming a monopoly of respectability
for his clients—clients (lid we say ?—we are thinking of
old times, when the Learned Lord might be said to
have been the best advocate for the worst part of
the community that ever held a brief—for he insisted
that two petitions which he presented (one from
Chelmsford, the other from Farnborough) were signed
by all the respectable inhabitants of those places, and
furthermore, that he was personally acquainted with all
the respectable persons in both places, and therefore
could not be mistaken in what he asserted! In one
of the places, Farnborough to wit, this knowledge might
not, perhaps, be beyond the Learned Lord's attainment, as

there is rather a meagre muster of native population. There
is, we believe, a public house, rising, perhaps, to the style
and title of an inn, as is usual in country villages, and it is
likely that the Noble and Learned Personage, who is said
to have a penchant for the culinary department, may
personally know all the inmates of this establishment, and
the forty or fifty other inhabitants of the place, who occa-
sionally recreate themselves in that locality. It is not,
therefore, assuming too much to say that if the petition
was signed by all the inhabitants—which it might very well
be without inflictirr, a grievous wound on the cause which it
opposed, for they do not amount to 100—it must have been
signed by all the respectable inhabitants. So far we acquit
Lord WYNFORD of all direct attempt to commit a bouncer ;
but as to Chelmsford, if that was really the town named by
him, we really must say, that he has a larger acquaintance
than can be reconciled with ordinary notions of conveni-
ence—to say nothing of the tax on the memory—if he is
even on speaking terms with half the people of that town.
Will the Noble and Learned Lord condescend to enlighten
the public on these momentous points ?

The discussion of the Church-rate question was re-
sumed last night in the House of Commons, on which occa-
sion Sir ROBERT PEEL, after a vain attempt to refute the
financial calculations of the CHANCELLOR of the EXCHE-
QUER, entered his protest against the measure, on the plea
that it would injure the present age in the estimation of
posterity. He " would intreat the House," said the Right
Hon. Baronet, " to avert from itself that judgement which
posterity would pronounce upon it, if those in communion
with the Church were parties to a transaction from which
they themselves, at the expense of that Church, derived
pecuniary benefits."
This is a true Tory appeal—that is to say, the appeal of
one who entertaining an innate distrust of the tendency
of the human mind to increase in intelligence and liberality,
takes for granted that posterity will be Tory in its preju-
dices, and as such, pronounce a sentence of condemnation
on the present measure—no matter how pressing be the
necessity of the case, or how great its own intrinsic merits

—simply because it emanated from a Whig Ministry. We
look on Sir ROBERT PEEL'S speech last night, elaborate
as were the calculations it entered into, and ingeniously
as they were reasoned upon, as little better than a dead
failure. Nothing could be tamer in spirit—nothing more
indirect of purpose. The Right Hon. Baronet was far
too shrewd to venture upon going " the whole hog,"
like the Bishops, but contented himself instead with ex-
hibiting in the capacity of a half-hogger. This will be
a sore disappointment to the fifteen ghostly Prelates, who
had, no doubt, calculated on adding the Lotd Rector of
the University of Glasgow to the other joints of their spi-
ritual and temporal Tail.
Lord HOWICK'S speech was temperate, lucid, and con-
vincing, and disposed of the more glaring financial sophis-
tries of Sir R. PEEL in a truly triumphant manner. His
reply to the Right Hon. Baronet's remark that the scheme
would not satisfy the Dissenters was in excellent spirit.
"He did not think," observed the Noble Lord, "it was a
good argument to say that one thing should not be done, be-
cause, perhaps, another would be hereafter demanded. It
never could be wrong or unfair to grant that which was
just and right. The question did not rest upon the reason-
ableness or unreasonableness of the demands of the Dis-
senters ; and the Right Honourable Baronet had no right
to quote their further demands against 'him, whether they
were reasonable or otherwise, if this was a just and proper
measere." This is strong ground to stand upon—an ad-
vantageous position to take. up ; and if Ministers are but
firm in their determination to " grant that which is just and
right to the Dissenters," not all the combined Tory band,
even though the Bishops lead the van, will be able to drive
them from their pests. We must not omit to notice Lord
Howie k's happy allusion to the proverbial moderation of the
episcopal bench. " Would any man say," he pertinently
asked, " that the English Bishops had never been
suspected of going beyond a just and decent regard to
their own interests, and those of their successors ? Would
it be denied that there had been accusations brought
against Bishops of providing for themselves and their fa-
milies in a manner that was not creditable to them, not
merely as Christians, but as honourable men ?" This is
exquisite irony, and will cut the deeper by reason of its
polished edge. But we do not quote it so much on that ac-
count, as because it reveals, in a few apt, significant words,
the whole secret of the Bishops' rancorous hostility to the
abolition of Church-rates. The ghostly Prelates fear that
this measure will paralyse their apostolic pockets. They
foresee that it will be the means of preventing them from
" going beyond a just and decent regard to their own in-
terests," by paving the way for other searching Church
Reforms. Hence' their virtuous choler. Hence their
cry of " Thieves! murder spoliation I robbery."
Achilles, we are told, was vulnerable only in his heel.
The Bishops are vulnerable only in their pockets. Touch
them here, and they will instantly pounce tooth and nail
on you, as they did the other night on Lord MELBOURNE,
whose escape with life from their clutches was little short
of miraculous.

Mr. BUXTON, in a truly impressive Christian spirit, ob-
served that he should support the CHANCELLOR Of the
EXCHEQUER'S plan, " first, because he thought that the
measure would maintain the edifices of the Church ; se-
condly, because he thought it would in a great degree ex-
tend the animosities at present prevailing ; and, third' y, be-
cause he took it for granted that it would be effected with-
out cost to the country."
As for Mr. GouLßuaN—poor Mr. GOCLBURN!--he
twaddled in that drowsy, prosy style for which nature and
long habit have so admirably qualified him. He was
shocked, he said, to find that not less than three millions of
people were unprovided with religious instruction. 'Well,
and whose fault is this ? Why, the Tories', of course, who,
during the whole five and twenty years that they held
office never once thought it worth their while to turn their
attention to the subject ! After a tedious and protracted
discussion, the question was adjourned till to-night ; when
if the Reformers do but their duty, it will be carried by a
majority quite sufficient to perplex and paralyze the Epis-
copal Bench.

The second reading of Mr. WILLIAMS'S Bill for Abo-
lishing the Stamp Duty on Freedoms is fixed for to-morrow
evening. It was with great regret that we heard the
CHANCELLOR Of the EXCHEQUER declare his intention of
opposing that measure on " Political grounds." Can the
Right Hon. Gentleman be sufficiently aware of the evils to
which this Bill is intended to be applied as a remedy ? We
know that he is—and, moreover, that some few months ago
he expressed an opinion on the subject directly contrary to
that which he now declares. What then can have caused
the change ? Does he require it to be proved to him that,
in nine cases out of ten, the sums of money at present paid
on the admission of persons to their freedom arc not paid by
the applicants themselves, but by political parties for poli-
tical purposes. If he does, let him but go down to any place
where freemen exist, during the months of June and July
in each year, and he would then see the happy working of
this most happy system I What the " Political Grounds"
of the Right Hon. Gentleman may be, we can scarcely
imagine ; if he had said " Financial," we should have un-
derstood him. Perhaps he argues that as he opposes the
right of voting being placed in the hands of freemen, he
will not consent to any measure tending to give them greater
facilities to attaining the rights of freedom ; and that if a
party, duly qualified, cannot afford to pay the fees, he should
not be admitted. This sounds very well ; but is there any
legislative enactment to prevent another person paying the
fees ? We have been present on occasions in a city where
freemen exist, when young men, duly qualified to be ad-
mitted, have applied to the professional gentlemen conduct-
ing' the registration, on behalf of the Liberal interest, in
this manner :—" Our principles accord with yours : we are
desirous of taking up our freedoms, but we have not the
money to pay the fees. If you cannot take them up for us
the Tories tell us they will, on our promising to vote for
them—but we do not like the party, and do not wish to do
so unless you cannot take them up." And these are not
solitary instances I Which party then derives the most
advantage from this system ? The. Tories ! ! Those who
have always money at command for the worst of purposes.
Who are the persons then intended to be relieved by this
measure ? Our operative brethren! those in the humbler
walks of- lifev who, though qualified to be admitted as
freemen, are earning their daily livelihood from the " sweat
of their brow," and cannot afford to deduct from their small
pittance the (to them) large sum payable on their admission.
Why then, we ask, does the Right Hon. Gentleman op-
pose this measure ? Surely not to please the Tories at the
expense of the people, who are the sole support of the Mi-
nistry. The services of the people may be ere long required,
and it will be as well not to afford them any just cause of
reproach when those services are wanted.

The Paris Papers of Sunday, the whole of which we have
received, contain no intelligence of any interest. Some
severe comments upon the conduct of the Archbishop of
Pants, who has published a protest against converting the
space formerly occupied by his palace into a public pro-
menade—some harsh strictures upon Count MOLE'S poli-
tical placability and love of office—and the usual amount
of surmises respecting the future proceedings of the Go-
vernment, form the sum-total of the amount of intelligence
contained in these journals. The palace of the Arch-
bishop was broken into and. plundered by the mob in Fe-
bruary, 1831, and three years afterwards was demolished
by order of the Government. The immediate occasion of
the Arehi-episcopal protest is a Bill now before the• Cha-
mbers for appropriating the ground forming the site of this
palace for the amusement of the Parisian pedestrians, as
we have already stated. The journals of every shade of
opinion denounce the claim of right set up by the Arch-
bishop, and boldly contend that the Church cannot possess
more than the usufruct of any property which she en.

Llndon : Printed and Published by MURDO YOUNG' 9004
112, Strand, at The Sun Office, No. list,.,_
, Strand, i 4
of Middlesex.—Tuesday, March 14, 1887.