The Sun.
London, England, 1837-01-21 00:00:00

_ -
THE FUNDS.-(THIS DAY.)

UT}, 7' WEL V E O'CLOCK.
Our arri‘als this morning are the French, Dutch, and
Hamburg mails.

THE FUNDS.

During the whole of yesterday the monied interest in
the City, as well as the speculators in the Funds, were oc-
cupied in discussing the reported intentions of the Bank of
England for disposing of a portion of the "dead weight ;"
and various were the plans agitated amongst those who
pretended to bti the best calculators ; but the prevailing
opinion amongst tlioso who are well informed is, that the
investments in the StiVtog Banks, which are under the
Treasury control, will be changed from Stock into An-
nuities, for portions of the " dead weight." Another no-
tion prevails, that some .J the insurance offices, and other
public offices, who hold Stoc.tc for investment, should make
an exchange with the Ban( for the " dead weight."
Up to the present time all is spe:ulation on the subject,
as
nothing official has transpired ; hut still it is
sus-
pected that the Bank Directors are dLcussing the subject,
,3 generally
andin the course of next week something
.official is expected
to transpire.
Consols, which closed yesterday at 90k. opene.4 this morn-
ing heavy at 891, for the Account ; Exchequer ails 27 9.5.;
India Bonds 21 prem. ; Bank Stock 210; India Stock 260.
In the Foreign Market Spanish Active,
which cloned at
26i, arc lower, with a heavy market at 25 ; Portuguese
494 50 ; Three. per Cents. 32 ; Spanish Passive 714 ; De-
ferred 12 ; Dutch Two-and-a-Half per Cents. 54.
HALF-PAST ONE O'CLOCK.
The various funds have continued heavy during the :Thole or
the morning, still owing to the contemplated operations of the
Bank, which hangs heavy over the monied interest. There is
another cause also—the report of a Dutch Loan of two mil-
lions, 4 per cents., sterling. This is an old affair newly re-
vived. Consols being low at that period it was not brocght
into the market ; the amount at that time was 14 millions of
guilders.
We hear that letters are in town from Madrid, stating that
the affair of General Narvaez would be arranged, and that he
would take the command of his division again. His resigna-
tion had the effect of lowering the Spanish Stock this morning.
cahtepqrueesrenßt
28
8e (21u8o;tedInd9i0a forß nAGci
sclo count
21
2an3d ; Consols were done in the morning at 891 for the Account;
Bank Money
S.; toEclk:
208; India Stock, 259 k 260.

In the Foreign Market Spani4i Active, 254 ; Passive,
711- 4 ; Deferred, 121 ; Portuguese, 49 .5011 Colombian,
25126 ; Mexican, 25i ; Dutch 214 per Cents., 54 s`,
We have a commercial failure to-day, but not of any grcat
consequence.

Haniburgh Mail, just arrived, brings the prices—Metalitincs,
1021; Bank Actions, 1,377.

THREE 0' CL 0 CA:.

Consols for the Account, 90

The Members of the City of London Literary and
Scientific Institution held their fourth annual ball at the
Ciry of London Tavern on Thursday night last, which was
attended by about three hundred elegantly dressed persons
Dancing commenced at a quarter before nine to Wilcox's
celebrated Quadrille Band, and was kept up with the
greatest spirit till six the following morning. The arrange-
ments and exertions of the Stewards were such as merited
the approbation of all present.

•••••
CHAT REFORM DINNER at LEEDS.

- (From the Morning Advertiser.)
LEtps, THURSDAY, 4,1;: I9.—This mareAcent banquet
took place yesterday evening in a ren-e erected a short
Klistance from the town, which ,vas lent by the eroprietor,
Mr. Willans, for this perpose. The assemblage, its the-
racter, and numbers, have abundantly proved the re-action
w'nie'. has taken place in the West Riding of Yorkshires
TI-.e room alloted for the entertainment was thronged to
excess, there being considerably beyond a thousand persons
present. At five o'clock yesterday 'evening the company
assembled in the room appropriated to theelinner,
was handsomely decorated with pink and buff' kikAktye'ry ; a
stage was erected at one end of the room fier Ilee Chairman,
and a gallery was carried on a level with it round a conei-
decade portion of the room, on which were placed the seats
of the invite:. guests. Several inscriptions tier(' conspicu-
ously placed ; immediately aver the chair was a bannerin-
scribed, " Peace to the Emerald Isle ;" and on either side,
were others inscribed, " Russell and Liberty ;" " Melbourne
and Honesty;" " Mulgrave and Morpeth ;" " Morpeth and
Strickland," &c. &c. Amongst the company present were
—Lord Merpeth, Sir George Strickland, M.P. ; Mr.. Ed-
ward Baines. M.P. ; Mr. Gaskell, M.P. ; Mr. Gully,
M.P. ; Mr, Lister, M.P. ; Mr. Parker, M.P. ; Hon. and
Rev. Mr. Herbert ; Sir Francis L. Wood, Bart. ; t}'.2
Hon. Sir E. Vavasour, Bart., &c., &c. In the absence of
the Mayor of Leeds, from indisposition, the chair was taken
by Mr. Alderman Tottie.
After the cloth was removed, the CIIAIRMAN had to
express his regret at the circumstances which had compel-
led the absence of the gentleman who was to have filled
the place he then held ameeigst them ; and he regretted
also to be obliged to state that he had received the apologies
of Earl Fitzwilliem, Lord Carlisle, Lord Burlington, Lord
.Howden, Lord, Howard of Effing,hani, most of whom had
accepted invitations to be present, but were compelled sub-
sequently to decline from indisposition: The Chairman
then announced that he had also received the apologies of
Sir 'William Molcsworth and of Mr. Shiel, the latter of
whom said only, as he had intimated in a letter addressed
to Mr. Williams, that nothing save business of great im-
portance would have prevented his being present.—(" Hear,"
and cheers.) The Chairman then concluded b) proposire.
" The healai of the King," which was drank with loud
applause.

- The usual loyal toasts then followed in order ; after
which,
The CHAIRMAN gave, " L.,rd Melbourne and his Ma-
jesty's Ministers."—(Loud and continued cheering.)
Lord MORPETH came forward amidst loud cheers, and
said—lt is well, Gentlemen, that we are now thus met.—
(Cheers.) If I may credit all that has reached me during
my absence. of what has been passing since the close of the
last session of Parliament in this our good realm of Eng-
land, it would appear that our political opponents have been
far from inactive or mute of speech.—(Hear.) They do
seem to have been keeping up the ball with considerable
vigour, and indeed, in this our special territory of York-
shire they have been heard of and seen in the face of day,
i
(Cheers and laughter.) They have been merry n thnir
feastings, and made valorous speeches. Now at this in
my opinion, we cannot repine. On the contrar7, as since
it has been my good fortune to be mixed with the public
affairs of this county, and this riding, now seven years—
seven most important and prolific 'ears have passed, and
the Tory party in this vast, this industrious and energetic
dictrict, has lain so prostrate, its vaunted blue has so paled
before our sun-lit standands, that I think we must hear
with a pleasurable exe'nement of the actual presence and
the substantial muse).e of an embodied adversary, whom we
can feel in our grapple before we rise from his overthrow.
—(Loud cheers.) As to the practical results of these ef-
forts, notwithstanding all that has passed, and their much
talking, I have vet to learn that the Conservative can-
vass has been swelled by any material desertion from our
own, or that the venerable legions of Conservatism have
drafted any recruits from the Liberal borders, and on an at-
tentive searvey of what has been effected by Conservative
prowees, it appears to me that it can be summed up in
what. was said of the travelling youth by the poet, that—
" They judicious drank, and greatly daring dined."
(Cheers and laughter.) But, gentlemen, if we needed any
convincing proof of the hollowness of Sonservative boast-
ing, however high sounding—any real test of the bad faith
of Tory pretences, however intrepid, we can get a clear
insight into the matter by examining and contrasting the
statements of their own press, and of their own orators.—
(Hear, hear.) On the one side, the Members of the pre-
sent Government are represented as the determined, the
rancorous and bitter foes of the Constitution, the Throne
nnd the Altar—that they exist only by the subversion or
betrayal of all the most valuable and time-honoured insti-
tutions of ilia country—that, in fact, the present Adminis-
tration had cast off every bond of duty and of honour for the
sake of retaining pay and place ; " they have been drinking
the ttip of degradation, to the very lees," says a Noble
orator at Wakefield, " while their supporters only tolerate
their continuance in office whilst they meekly execute their
fierce and unscrupulous bidding, and that they are both
joined in an unholy league, of which the deep, dark, un-
hallowed design is to tarnish British fortune at home and
abroad, to destroy the integrity of the empire, and to crush
the Protestant religion."—(liear.) This on one side is
the portrait which has been drawn of the present Govern-
ment by first-rate artists ; and if it be true, it is indeed
sufficient for the condemnation of any Ministry, at any risk or
at any cost.----(llear.) But what is the concomitant picture
drawn also by a master hand ? Why, the administration
under every phase suits the purpose of their representation
—whether it be profligately daring, or crouching in its im-
beciay, it is equally the scorn and the loathing of the com-
munity—the birth and the rank of the country distrust it
—the men of intelligence, wisdom, and education disdain it
--the commercial interests deride it—the Universities and
the learned professions frown on it—(Laughter)—even,
alas ! the softer sex is said to look chillingly on it ; and allu-
sions, most unconstitutional and unwarrantable as they are,
are not wanting to procure a still higher alienation.—
(Hear.) Well, then, ye high-minded Conservatives, I
challenge you to the question.—(Loud cheers.) If those
things are so—if you night and day utter and reiterate
these assertions, believing that they are the truth, or that
they are like the truth, or that they are anything hut the
reverse, why then are we still the Administration ?
(Loud cheers.) Why, month after month, do you suffer
us to cumber and to pollute the soil on which we commit
such treason to the national safety ?—(Cheers.) Why, I
ask, do you allow us to retain for one moment longer than
is inevitable the position we still hold?—(Loud cheers.)
Heir is it that I see the Administration still left the distri-
bution of places in both the Church and the State, without
your moving one foot in so easy a race as that you peeve
pourtrayed, or raising an arm to obtain so assured a vic-
tory ?—(Cheers.) Is the vessel of the State so valueless
in your eyes that you can see it perilled on the breakers, or
drifting on the quicksands, without making any of those
efforts which you have alleged to be so entirely within
Sour reach, to roman her crew, or to alter her tack ?. I
ask you then, Gentlemen, to contrast one series of these
representations with the other, and are they not convicted
on their own • showing, as the most unabashed of libellers,
on the one side ; or, on the other, the most pusillanimous
of recreants ?—(Loud cheers.) 1-las there ever been so
much of swagger, or so much of shrinking ? Has there
ever been such a sounding of trumpets before the charge,
and such a failure in the onslaught ?—(Cheers.) Haste on
then, rail on, ye candla, lofty-spirited men ; we still keep
the field, and we sti'.l hold the helm.---<Continued cheers.)
' But, Gentlemen, From these virulent and vulgar clamours
I now turn :or a moment of repose and recreation to one
milder aceente which lately refreshed the academie lean-efts
of Gleeigow.—(Cheers and laughter.) As inieht have
been confidently expected, no such unseemly or derogatory
annersions upon his political opponents bike the statel
and measured periods which edified the abodes of learning
and commerce.—( Hear, hear.) Tndeed, so ealtn and un-
ruffled must have been the tone of feeling in the breast of
the great Conservative champion, that after instructing
the learned youth of the University as to the mode
i▪
n which Cicero pursued his travels in Attica and Asia,
with a nice apprehension of the altered capacity of his
audience, he stooped to amuse his more political but
less classical hearers with an aeceunt of his own
equestrian rambles in the Highlands of Scotland.—
(Cheers and laughter.) There is only one cruel subject of
contemplation which mars the complacency with which I
can otherwise dwell upon so interesting a scene ; but your
minds can scarce fail to be moved with pity when you think
of the spirit of envy and mortification to which Oxford
must be reduced, at the recital of these Northern ho-
m. ages.—(Loud laughter.) How tender must be her gear-
i▪
ngs over her once slighted son.--( Loud cheering, and
laughter.)
" Glasgow to him a dearer name shall be
Than his own mother University—
Thebes did his green unknowing youth engage,
Ile chooses Athens in his riper age."
(kond and continued cheers and laughter.) It must, gen-
tlemen, necessarily happen to me (though far from an un-
concerned or uninterested spectator of what has been pas-
sing at home and amongst yourselves), from the labours to
which I have more recently been devoted, that the circum-
stances of
.Poland are those upon which I should naturally
be tepptnn, and upon which I am best qualified to speak.
--(liear.) But it is a source of true and pure gratifica-
Linn to me to believe both that the interests of the two
Milted countries are now so intimately bound up together,
and perhaps more so at the present than at any previous
moment, and that the deep sympathy of all the generous
and all the liberal among us iu the long wrongs, the deep
wants, and the high qualities of the people of Ireland,
is so lively and so sincere, that a detail of circumstances
affecting the condition of Ireland, is unnecessary ; and
env appeal concerning them to your consideration, is
thus rendered superfluous.—(Loud and continued cheers.)