The Sun.
London, England, 1839-07-03 00:00:00

ROYAL SURREY ZOOLOGICAL GARDENS.

Uncle; her MAJESTY'S IMMEDIATE PATRONAGE.
PRWIENADES MUSICALES and ERUPTION of
HECLA COMBINED ! ! !

In order to produce an Entertainment of unequalled variety
and brilliancy, the two unique and peculiarly attractive features
of these Gaidens are this week united—
THE GRAND PRO. lENADES MUSICALES ET
CIIAMPETRES, and ERUPTION of MOUNT HECLA,
will be repeated To-morrow Evening.
Men; commencing at Six o'clock, Eruption at Dusk.
Admission One Shilling.

•
III,"11 C'r:ITER AT LONDON BRIDGE TO-MORROW.
'Morning wlnute, actor 7. I Evening '7 minutes after 7.

J, amrp.•—•:<, 1":*-?

/I

LONDON :
WEDNESDAY, JULY 3, 1839.

In most of the fi7etion fights in the House of Lords,
of late, Lord Lysinicasr, has taken the lead. On the
English Reform Bill, on the English Corporation Bill,
on the Iri4h Corporation Bill, that Learned Person was put
forward or voluntarily stood forward, the leader in the
work of factious opposition. On former occasions his
failures were great ; or, if he succeede3, as in the case
of the Reform Bill in the first instance, it was only to
bring subsequently more conspicuous defeat on his party.
Latterly he has been more successful, and the Irish Cor-
poration Bill, mutilated on his motion, yet lingers an un-
formed and feeble Ministerial bantling- in the House of
Commons. Last night he was engaged in his labour of love,
and s:t-to with great vigour and great dexterity to mutilate
the Jamaica Bib. That alone was the subject of discus-
sion in the House of Lords, and, after a very few petitions
had been presented, the House went into a Committee on
the Jamaica Bill. The Ministers, it will be remembered,
though they carried their own Bill in the Commons by a
majority of five, first resigned, and then on re-entering
office, adopted the principle recommended by Sir R. PEEL.
They gave the Jamaica House of Assembly a locus peni-
tattier ; allowing, therefore, in fact, the minority to dictate
to the majority. That did not altogether please the Tories,
they were not satisfied even with having their own way, and
they resisted the Bill, the principle of which was adopted on
their reccmmendation. In the Commons they were defeated,
and last night Lord LYNDHURST moved the same amendmeir
which Sir EDWARD SUGDEN moved in the Commons. His
Lordship made a powerful and effective speech, though
we have kfritivn him do more mischief in a calmer manner.
Ho did not seem quite so much at home with the subject
as with the English or Irish Corporation Bills, and his
want of acquaintance with the subject drove him into more
than- usual vehemence of manner. He stigmatized the
Bill as an attempt to introduce a new form of government
into the island. He did not exonerate the House of As-

aembly, but he condemned the Prisons Act, and said

had he possessed his present knowledge when it was
Passed, he should have opposed it most strenuously. The
Noble Lord contended that there was no ground for the
Bill, that it was an arbitrary and unconstitutional destruc-
tion of the legislative authority of the Jamaica House of
Assembly; he strenuously advocated a course of conciliation,
which he contended was as wise, as it was in this case
constitutional and just. The Noble Lord concluded a
speech which, for the purpose of his party, was most able,
by moving that the first clause, which is the principal part
of the Bill be omitted.

Lord GLENELO followed Lord LYNDHURST, but con-
fined himself nearly to one point—namely, to showing
that the Jamaica Prisons Act of 1834 wanted all executory
authority, that while it was in existence, and contrary to its
regulations, great cruelties were committed ; that the Ja-
maica House of Legislature had turned a deaf ear to all
recommendations to improve it, and so compelled the Im-
perial Legislature to pass the Prisons Act. His Lordship
was unusually animated, and made an eloquent, and, so far
as it went, an effective appeal to the House.
The Earl of HAREWOOD said a few words, and the Mar-
quis of NORMANDY defended the clause, and the Bill. The
Noble Lord having made a very long statement the day
before, contented himself with refuting a part of Lord
LyNnustasT's statement.

Lora BROUGHAM made a long and eloquent speech, sup-
porting Lord LYNDHURST'S motion, and attacking the Mi-
nisters very severely. He did not spare the Tories, who
were anxious to put down the Canada Constitution,
and gave him no support when he endeavoured to de-
fend it, though now they were so tender of the
Constitution of Jamaica. His Lordship said several things
touching property, population, and representation, that
will be considered neresies by both parties. Viscount
MELBOURNE defended the Bill, and showed its necessity
from the conduct of the House of Assembly. He called
on the House of Lords to vindicate their own Act, and al-
luded in strong and forcible terms to the mischief which
these party contests were causing. The sparring between
his Lordship and Lord BROUGHAM, at the close of Lord
MaLsoi.RNE'S speech, is interesting.
The Earl of MANSFIELD spoke against the Bill ; and
Lord SEAFORD, who, being connected with Jamaica, is an
authority, spoke in its favour.
Earl ST. VINCENT spoke against it.

Their Lordships theti divided, and the Ministers were
defeated by a majority of 69; 149 voting for Lord LYND-
MURST'S motion, and 80 for Ministers. So faction
triumphed. The House resumed.
The Bishop of LINCOLN, for the Archbishop of CAN-
TERBURY, stated that his Grace's motion on Friday would
be for an Address to her MAJESTY not finally to determine
on the Education Board till their Lordships had been
afforded an opportunity of expressing their opinions con-
cerning it.

The House of Commons sat but a very few mi-
nutes last night, greatly to the joy of the reporters,
and perhaps to the public, who must now be almost
weary of debates which are equally lengthy and
uninteresting. At the same time we are made sen-
sible, by reeollecoing the great interest excited at
every (Veiling of the Parliament, that this sentiment
of weariness is very transitory, arising from the
debates being over much, and that deep and absorb-
ing interest is the natural and necessary offspring of
public discussion on public affairs. The nation
becomes by the sessional exhibition accustomed to
the deep interest—an appetite, a craving, is begot-
We observe with much pleasure that the philan-
ten for it, and political excitement becomes almost thropic project recently set on foot, of forming a Society
as necessary for the bulk of the people as their for bettering the condition of the natives of British
daily food. Dr. PALEY was so desirous of it—and India, is in a fair way of being carried into full effect.
the circle 4 such persons is much extended since his A public meeting of all who are friendly to such an In-
time—that he thought it cheaply purchased
all
stitution, is announced for Saturday next at the Free-
-,the taxes he had to pay to Government. The ase mason's Tavern, and as Lord BROUGHAM will take the
papti all
de
chair, we have no doubt that the attendance will be very
created by the debates is by no means
numerous. Much yet remains to be done for England
by them, and the National Convention, with num-
and Scotland, more
for Ireland, but for the natives of
berless public meetings, are the natural offspring a
British India nothing
has yet
.. been so much
of the debates in Parliament. If Peers will form s
attempted. There our fellow-subjects have
themselves into parties, and dispute every proposi- beenjs
by famine
perish by hundreds of thou-
_ ,snn
thou-
tion at greaot length with the eagerness of lawyers unrelieved, unpitied, and unheard
abso-
if the statesmen of both parties in the Commons will luteof. hunger Even during the last year thousands died of
was unfurled i
in a land which, before the British standard
argue every possible question in every possible way,
) which constitute the East, abounded in all the luxuries
they ought not to blame debates out of Parliament
societies
magnificence. It is gratifying
Which are mainly the offspring of their own wrang- to see private
benevolent functions
to seize uponl everyd olFca-
ling. We have not the least disposition to sion to supply the be;
censure this habit in the people ; we notice it perhaps, unavoidabl
it is particularly so in the
.....4etrefunctions neglected—often,
ecte
Government;—o ten,
with the political restlessness which belongs to
as British India. The crowded CasSeuopfreme
rem and
satatcounftryur
so
ocolumns
it, as the necessary consequence of our form of
Government. will not permit us to enter more at lengethoinoto the merits
I.Vhether it be good or evil, it must ofi‘i thisend ayq, u
whenesti on t
ht oe-
dr
eapyo;r tbouft they' meetingtr.ust tto
is be
before
able 0 n
be taken as one of the inherent qualities of are re- system, and be f •
must not orgotten in to discuss it
weighing its advantages and •reference
. demerits. At pre-
to the advantages which may accrue f
excitement has extended to classes I people, and more especially the rom it to the
manufacturers of this
toy; love to . ,
tax out not to hear,
' country.
d that moat 42ir
statesmen, and ter-, During the trial of the Paris '
prisoners before the
Tor
Y statesn'en, are disposed 1 Court of Peers, on Sunday, an incident occurred which as an evil. Whether •
it be will serve to show the disgraceful manner in which the

criminal law is administered in France. A child of
twelve or thirteen years of age was summoned by the
Government as a witness to identify the murderer of
Lieutenant DROUINEAU. When the accused stood up,
he identified DELSADE. Being questioned by the Pre-
sident, in a manner which clearly indicated that the
witness was expected to point out some other individual
as the leader of the insurgents, he pointed out BARBES.
NOEL MARTIN, one of the accused, then rose and declared
that the witness was guided, in pointing out BARBES, by
a brigadier of gendarmerie, who indicated with his
finger the person whom the witness should identify.
This was confirmed by other witnesses in the body of
the Court, and confessed by the witness himself on
being interrogated, who said that he knew not whom to
accuse, and was guided by the signs of the gendarme.
This produced a considerable sensation, which was
heightened by the rising of the PROCUREUR-GENERAL,
not to deplore, but to justify this scandalous proceeding !
Count MoNTALivET, however, had the manliness to re-
primand the •intemperate zeal of the wretched Court
parasite ; and even the President was constrained to
appear displeased at the conduct of the gendarme.
Nothing, however, would be more erroneous than to
suppose this an isolated or extraordinary instance of the
prompting of witnesses by French Police or French
Law Officers in Crown prosecutions. On the contrary,
nothing is more common throughout France, A French
Attorney-General cares nothing about the guilt or inno-
cence of the accused ; all he seeks is their condemnation.
Every prisoner found guilty is a feather in his professional
cap—a step towards some new Court distinction. Hence
it matters not to him:by what means a trial is conducted,
provided a sentence is recorded against the accused.
" All who understand the nature of a trial for life and
death in France," says a writer in the last Number of
the Dublin University Magazine," arc aware that it is
neither more nor less than a drama, in which the Pro-
cureur du Roi plays the principal character ; and
whose success is estimated but by one test—the con-
viction of the accused. There is no preparation too
severe, no artifice too subtle, no plot too deep for the
Government Advocate upon occasions like this." May
we not then fairly infer that the law officer who, in the
presence of a Court of Peers, would justify the prompt-
ing of a witness to commit perjury—to swear away the
life of a fellow-creature, would, without hesitation,
secretly recommend the perpetration of such an enor-
mity ? Most assuredly we may.
General BROSSARD, tried by a court-martial at Per-
pignan for mal-practices in Africa, has been acquitted by
a majority of five votes to two.
The Chamber of Deputies was occupied on Monday
with the project of law, for granting 10,000,000 francs,
to defray the expenses of increasir, the navy of France
in the Mediterranean. The debate was opened by
Marshal SOULT, who entered into various details, to
prove that the time had arrived when it was incumbent
on France to take measures for maintaining the inte-
grity of the Ottoman Empire, without detriment to the
just claims of the Pacha of EGYPT. An opportunity
presented itself to Russia to enforce the stipulations of
the Treaty of Unkiar Skelessi—a treaty against which
France and England bad jointly and severally protested.
He would put it to the Chamber, whether France could
with honour and safety disregard—nosy that the proper
time had arrived—the following note, addressed by
command of the Government, to the Government of
St. Pctcrsburgh, when the Treaty of Unkiar Skelessi
was made public in 1833
NOTE OP THE FRENCH CUARGE D'AFFAIRES AT ST.

farther considerable supply from abroad will be required,
not in large masses, but gradually, and spread over a
period of several months to come, it being one of tbc.'i con•
sequences attendant on a de.elent crop, that we must ad-
vance some way into the consumption of the new one, let
that be as abundant as it may, before the level can be t
stored. This will produce, howeve!-, to drain of the
precious metals, as has already been hinted at, if a large
export of manufactures tan be made to take their place,
by a reduction in the price of cotton. Altogether these
arc indications of some valuo of a progress towards a mere
healthy and tranquil state of the money-market.
By the advices from Hamburg the price of gold is 432 k
per mark, which at the English Mint price of 3/. 17s. 101 d.
the ounce for standard gold, gives an exchange of 13. 84,
and the exchange at Hamburgh on London at short being
13. 6+, it follows that gold is 1.16 per cent, dearer at
Hamburgh than in London.
1 The premium on gold at Paris is 91 per mille, which, at
the English Mint price of 31. 17s. 101 d. the ounce for
standard gold, gives an exchange of 25. 39, and the ex-
change at Paris on London at short, being 25. 224, it
follows that gold is 0.66 per cent. dearer at Paris than in
London.

The Foreign Exchanges, with the exception of Amster-
dam, were somewhat lower than on Friday. Paris (short)
was 25. 174 to 20 ; Hamburgh, at three months, 13. 10:
to 1; Amsterdam (short), 124 to 1.
HE R AL D.—Money for commercial purposes continues
in full demand, although upon the Stock Exchange it
has been rather easier. The advices from Scotland
mention that the banks had determined to advance the
rate of interest. There is no doubt but the great influx of
bills of a miscellaneous character which had been sent to
them from London and some of the leading towns in the
manufacturing districts for discount, have induced them to
follow the example of the Bank of England, which latter
establishment must do something to enable them to govern
the exchanges. What the plan contemplated is, we do
not pretend to assert at this juncture ; but we have reason
to believe, that whatever may be in contemplation, the
steps that will be taken will tend to place the Money
Market of the country in a safer position. In fact, the
state of the Money Market in France, and on various por-
tions of the continent, as well as in this country, and the
United States, will, it is considered by well-informed
parties, tend to a more stringent action upon the part of
the Bank of England.
POST.—The Foreign Exchanges are still perplexing.
It had been hoped that a more decided reaction would have
occurred to-day. The rates have come higher from Ham-
burg and other parts of the continent, and there seemed
to be every indication of an early influx of the precious
metals ; but, to the great disappointment of our com-
mercial men, the terms demanded for Bills on all the
principal places were this afternoon lower, and of course
less favourable to this country than on the last post day.
Paris (three months' paper) was done at 25 55 to 50.
Hamburg 13 10/ to 4 ; Amsterdam 12 31 to 4 ; Frank-
fort 1501 to / ; Antwerp 12 2 ; and St. Petersburgh at
114 to -4.
In this state of the market there can be no doubt that
the exportation of gold and silver will be continued with
the same activity as heretofore, until more effective mea-
sures for arresting the drain shall be adopted by the Bank
of England. We have said that a further advance in the
rates of interest and discount would in all probability be
found indispensable, and the foreign bill transactions of
Friday last and to-day have served but to confirm us in
this opinion. The proceedings of the next board-day
( Thursday) are looked forward to with much anxiety.
Unfortunately, the Directors have been in no degree as-
sisted in their efforts to turn the tide in their favour by the
export of our own manufactures. Long as the English
ports have been opened for the admission of foreign grain,
and large as have been the amounts returned to the
Continental grower, no disposition has been shown
throughout to take the proceeds of shipments in any
other medium than specie. According to a certain class
of scribblers, whose Opinions find their way into the anti-
Corn-law prints, nothing else is necessary to the correc-
tion of this adverse state of things than its continuance.
We suppose they mean to say, that if the existing laws were
wholly repealed and a free trade in grain permitted, fo-
reigners would, as a matter of gratitude become regular
customers for our piece goods, but this we look
upon as sheer delusion. Such a result would be
contrary to all experience, of which we have had not
a little since, Mr. Huskisson's theories were reduced to
practice. It is to be hoped that the eyes of the poor star-
ving operatives in Lancashire and Glasgow are beginning
to be opened to the fallacies of these insufferable
quacks. Foreign corn and cotton, and Foreign securities
of various kinds, some of which have not produced a shilling
to the stupid holders in the shape of dividends, and never
will, have been poured into the country in exchange for
specie, and the consequence is that we have once more
come to a crisis. Our gold, our chief representative of
value—has been abstracted by wholesale, and the com-
munity at large, that is to say the many, have now
to pay fur the folly of the few. It may well be
asked, though the question comes with a bad grace
from those who put it, how long so injurious a system
will be persevered in. The opening of the ports for
the admission of Foreign corn and the results to our
commerce and finances accruing from that accidental
change, have at all events, been attended wi.h this nega-
tive good : they have enabled the most simple individual
to judge of the value of the advice proffered him on the
subject of a free trade in that and other necessaries by our
sapient political economists.
The public securities were less firm this afternoon than
in the early part of the lay. Consols were done at one
time as high as 931 for the opening, but they receded to
934 to Exchequer Bills left off at 255. to 275. prem.,
and Bank Stock at 191 to 2.
In the Foreign Market, Active Spanish Stock was
quoted 194 to 4, Five per Cent. Portuguese 344 to 4,
Colombian, 334 to 4, and Five per Cent. Dutch 103 tog.

PETERSBURGIi.
The th:dcrsignal Charge d'Affaires of his Majesty the
King of the French, is instructed to express to the
Cabinet of St. Petersburgh the profound affliction which the
French Government has experienced on learning the conclu-
sion of the Treaty of the Bth July last between his Majesty
the Emperor of Russia and the Grand Signior. In the
opinion of the King's Government, that Treaty imparts to
the mutual relation of the Ottoman empire and of Russia
a new character, against which all the Powers of Europe
have a right to pronounce themselves. The undersigned
is therefore instructed to declare, that if the stipulations of
that act were hereafter to bring on an armed intervention
of Russia in the internal affairs of Turkey, the French
Government would hold itself wholly at liberty to adopt
such line of conduct as circumstances might suggest, act-
ing from that moment as if the said Treaty existed not.
The undersigned is also desired to inform the Imperial
Cabinet that a similar declaration has been delivered to the
Ottoman Porte by his Majesty's Ambassador at Conttan-
tinople. ( Signed) I. DE LAGRENE.
The answer to this note was to the effect, that Rus-
sia would maintain the treaty, and act in all respects as
if France had never written it. The illustrious Mar-
shal trusted that France would be found ready to assert
her right to the exercise of that influence to which her
high rank among the nations entitled her, and that,
above all, she would ❑ot be taunted with having given
expression to an idle and impotent threat. The Mar-
shal was heard throughout with silence, and the debate
was only waxing:earnest, when the mails left for London.
There is no other news of interest, in the Paris jour-
nals of Monday.
The Madrid journals received are of the 24th ult.,
but they are barren of intelligence of the slightfttinterest.

BOURSE.—PAItI;, MONDAY, JULY 1.
HALF-PAST THREE.---The settling of the June Account
in the French Stocks has led to a rood deal of business.
The Three per Cents. opened at 79f. 5c., rose to 79f. 10e.,
declined to 78f. 90c., and closed at 78f. 95c., being a tali
of 10e. The Five per Cents. opened at 111 f. 20c., rose
to 111 f. 30c., and receded to 111 f. 20c., last price as on
Saturday. For Money the Three per Cents. arc sc.
lower, and the Five per Cents. sc. higher. For the end
of the present month the Three per Gaits. from 79f. 30c.,
declined to 791. 20e. The Five per Cents. from 111 f.
50c., advanced to 111 f. 60c., and closed at 111 f. 55c.
The Bank of France Shares are 2f. 50c. lower, as are
also the Laffitte Bank I,ooof. shares. The Belgian Bank
Shares are sf. worse. The Three per Cents. for the June
Account 72f., and for the July 72E'. 15c. The Spanish
Active is unaltered. The St. Germain Railway Shares
have declined 5f., and the Havre 7f. 50c. The Versailles
Left Bank are 9f. 50c., and the Strasburg to Bale 10f.
better.

MONEY AND COMMERCIAL NEWS

CITY, TWELVE O'CLOCK.
LIVERPOOL COTTON MARKET, TUESDAY.—The Cotton
market has been exceedingly flat to-day, but without any
decline in prices. The sales are 1,500 bags, chiefly Ame-
ricans, to the trade.
Sailed the British Queen, steamer, for Cork and London.
Demerara Papers to the 25th May, have been received.
They inform us of the rejoicings which took place thereon
the Queen's entering on her twenty-first year. At day-
break on the 24th of May there was a royal salute ; at
noon another followed, with a review, and a dinner at the
Governor's residence, succeeded in the evening by a
splendid ball, given by the officers of the garrison. The
enthusiasm of the lower orders was very great.
The twenty-ninth Session of the Supreme Court of
Criminal Justice for Demerara and Essequibo, was opened
yesterday, and it was gratifying to observe the number of
Assessors who were in attendance.
We are without any arrivals this morning of consequence
only a French Mail, and ship-letters from Hobart's Town,
of old dates. Both the monied interest and speculators in
the Funds are anxiously looking to the result of the Meet-
ing of the Bank Directors to-morrow, to ascertain if they
will raise the discounts to Six per Cent., as their former
operation of Five-and.a-half per Cent. has not operated
on the Foreign Exchanges as were anticipated. Yester-
day being post day they were heavy, and at lower rates,
with a great scarcity of Bills in the Market, which is a
proof that our Export Trade is in a bad condition.
It appears that the exportations of precious metals from
the port of London, for the week ending Saturday last,
consisted, according to the official returns, of 18.810
ounces of gold coin, 6,570 ounces of gold bars, 254,344
ounces of silver coin, and 13,920 ounces of silver bars
By the above it appears that the precious metals continue
to be exported to a considerable extent, but at the same
time we must observe, that within a few days there has been
a considerable import of gold and silver into this country.
We are sorry to observe that commercial affairs both in
London and the manufacturing districts, continue in a
very languid state.
Consols which closed yesterday, at 933, i for the open-
ing, and were done at 93+ for the next Account, opened
this morning at 931 i ; Reduced 92+ i- ; Exchequer
Bills, 25, 27 ; India Bonds, 27 29; Bank Stock improved,
191 192 ; India Stock, 255 257.
In the Foreign Market Spanish Active a shade lower ;
closed at 194 1; at present 191 fl; Portuguese at the
leaving off price, 341-; Three-per-Cents., 20. 21;
Brazi-
lian 77+ I; Colombian, 3314 ; Mexican, 261 if ; Dutch
Two-and-a- Half per Cents., 54+ 55+ ; Five per Cents.,
104 1031.
PRICES OF STOCKS THIS DAY AT ONE O'CLOCK.
"ank Stock lst I India Stock
3 per Cent. Red. 92% % % ) Ditto Bonds "3 30 pm.
3 per Cent. Cons. — South Sea Stock —
3,4 per Cent — Old Annuities 50%
Ditto Red. 9`i%% New Ditto -
New 3% per Cent
New 5 per Cent.
Bank LongAnnuitiestoexpire Ditto 500 27 28 26 pm.
Jan. 5, OW l4 7-16% Ditto Small VS 30 pm.
Oct. 10, 1850 — Ditto Commercial pm
J:_n. 5, 1801 — Ditto Advertised ..... pm.
Jan. 5, IS?') — Bank Stock for Account ...
April 5, 1880 - India Stock for Account ...
Jan. 5. 1870 - Consos for Account 9354%
PRICES OF FOREIGN FL, NDS THIS DAY AT ONLY. O'CLOL K
Austrian Bonds
Belgian Bonds
Ditto Account
Brazilian Bonds
Ditto Account ......
Buenos Ayres Bonds
......... Ditto, 3 per Cent.
Ditto Account ............. Ditto Account
Chilian Bonds .............. - Prussian Bonds
D.tto Account
...... -- 1 Russian Bends, 1822
Ditto Account ............. :
Columbian 80nd5................ Ditto Account _
Columbian 80nd5,1824 ....... .3N 3( Spanish Bonds 1914
Ditto Account ............... 33% 'kr Ditto Account.
Danish Bonds ~ ........... .:._ Passive 4
Ditto Account ... .... .
Ditto Account ............... Deferred W Li
Greek 80nd5...... ... ....... - French, 5 per cent....... -f. -c.
—1 Ditto Metallic
Ditto Bonds, 1825 .............. _.--- 4 per cent. -f. -c.
Mexican Bonds, 5 per Cent, I - Exchange. -f. -c.
Ditto Account ......... ..... -- I Dutch, 254 per cent
__.-1 - 3 per cent.
Ditto, 6 per Cent. ..... .. ..... ' Ditto Account 5114 N
Ditto Account ............... Ditto, 5 per cent
Neapolitan.. ....................... _I Ditto Account......:. ....
PRICES OF SI-JAI-ELS THIS DAY AT ONE O'CLOCK.
Paid. Per Share.
Great North of England Railway Company.... V 26
Brighton Railway .... ................. ... ........... .• , 12.4
L :radon and Birmingham Railway ComPanY '" ?K.' 161
31 ,nchestor and Birminghamßailway ........ ... ,i•-, -
Ditto New Shares . ...... ..................... 8 25
London and Southampton..... ........ . ....... ....• 381.17'. N.
44
British North American Bank ..... .__. --- -
H- ~-5-
2514
..
ALF-PAST ONE.
We have been ve,i'y dull in the City during the mum-
jog, and the various funds have been in an inactive state.
There has been no int elligence upon which the speculators
can act, and they at present are waiting for the publication
of the Budget. Report says that it is the intention of
Ministers, should there be a deficiency in the revenue, to
make it up by the sale of the Crown lands. This is on dit,
for we do not believe that anything which can be depended
upon, has as yttt transpired on the subject.
Consols are not quite so good as in the morning, and
have receded l'rom 931 -i. to 933- for the opening ; Re-
duced 924, al so receded, Exchequer Bills, 25 27 ;
India Bonds, 2,4 30 ; Bank Stock also lower, 191. In
India Stock nothii T doing.
In the Foreign Market, Spanish Active is a shade lower,
19+; Portuguese,
Co-
lombian lower, 3 4; Brazilian, 77D Belgian, 102;1;
Dutch Two-and,i i-Half per Cents., 54 1- i ; Five per
Cents., 103+. 341-a i; Three per Cents., 293 ;
lt is now e.to gel lerl talk that the Bank Directors will
raise the discounts t 3-morrow to six per cent. It has had
the effect of:lowering' the funds. .

First Highest Lowes Last
Price Price. Price. Price.
French 5 per Cents 11120... 111 25 ... 111 20 ... 111 25
4 per Cents lO2 ... 112 ... 102 ... 10:2
3 per Cents 79 10 ... 79 10 ... 79 5 ... 79 10
Bank of r'rance
Lanitte Bank I.ooof. Sh !WO —lO5O ...1050 —.1050
5,000 f. Sh 5215 —.5220 ...5215 ...5220
Belgian 5 per Cents lO2 ... 102 ... 102 ... 102
3 per Cents 72 ... 72 ... 72 ... 72
Bank 740 740 735 740

Coupons
Spanish ..
Active 19%
... 19% ... 19% ... 15%
Napolitan
Roman
RAILWAY SHARES.
St. Germain
Versailles, R. B 660 ... 660 ... 660 ... 660
L.B. 145 ... 147 50 ... 145 ... 145
Havre

Strasburg to Bale 285 ... 290 ... 285 290

EAST INDIA HOUSE-(THIS DAY

A Special Court of Proprietors of East India Stock was
held this day, at the Company's House in Leadenhall-
street, to take into consideration the propriety of petition-
ing both Houses of Parliament, praying the appointment
of a Select Committee to inquire into the commercial re-
lations between Great Britain and India, especially with
reference to the reduction of the duties levied in the ports
of the United Kingdom, on articles the products and ma-
nufactures of British India. The Court was further made
special for the purpose of submitting to the Proprietors the
draft of a Bill now before Parliament, entitled an Act
to confirm certain rules and orders of the Supreme Courts
3f Judicature at Fortwilliam and Madras; to empower
the same Courts, and the Supreme Court of Judicature of
Bombay to make rules and orders concerning pleadings.
Sir ROBERT JENKINS in the chair.
The Minutes of the last Court were read and confirmed.
Certain accounts were ordered to be laid on the Pro-
prietors' table.

- Mr. MONTGOMERY MARTIN then brought forward the
first of the above motions, and of which he had given no-
tice. After stating that the subject was one of the highest
importance, not only to India, but also to this country—he
entered into a very lengthened statement of the nature
and value of the various articles imported to this country
from India. He was addressing the Court when our
Reporter left.

MONEY MARKET and CITY NEWS

TUESDAY.
CHRONICLE—Affairs in the English Stock Market,
as well as in the Money Market, present no change since
yesterday, and remain much in the same state ; but there
are symptoms which do not forbode good, and which it is
feared will compel the Bank of England to adopt mea-
sures still more restrictive. The rates of Exchange, in-
stead of improving, as was generally expected would have
been the case, have undergone to-day, a marked depression,
as will be seen from the quotations below, and the expor-
tation of bullion during the past week has been very con-
siderable. These two points are necessarily of the utmost
consequence to the Bank in its present peculiar position,
,and a retrograde movement having occurred, notwithstand-
ing the measures adopted by that institution, something
more must necessarily be done to effect the object the
Bank has in view. On Thursday it is therefore expected
a further notice will be issued, increasing the rate of dis-
count to six per cent. The public, however, at least in
London, is in some degree prepared for such a step, and
no further alarm is consequently apprehended.
TIME

LA. S.—The effect of the late restrictive measures at
the Bank of England, up to the present time, is observable
chiefly in the fall in cotton, at which commodity and the
speculations in it they were principally aimed, and to that
extent a general good is obtained, though at the cost of
much individual loss and suffering. Many innocent parties
were led into them by the facilities in money created by
the Bank in December last, and for them some s3mpathy
is due, but every one will rejoice to see the American
combination broken up and ruined which was en-
gaged in them in direct hostility to our manufacturing
system. The prospect at present is, from the
great decline in the value of this article, that the
looms of the north will soon be at work again, and the best
substitute created for a continued exportation of gold, in
a supply of cotton fabrics at moderate prices to the whole
world. Already the exportation of gold has considerably
lessened, compared with what ii was for several weeks pre-
ceding. In the quotations of the exchanges also, as they
arc brought from the Continent, there is some effect per-
ceptible both by a rise in the rate of exchange and a
reduction in the premium on gold, both of which tell
of course to the same end. There is still, however, a
deficiency of bills in this Market, while on the Con-
tinent bills on England, and especially at long dates,
are abundant. The Corn-market is not at all in-
fluenced as yet by the pressure, but is somewhat on
the advance, and the opinions of practical men are that a

COURT OF ERROR-EXCHEQUER
CHAMBER-(Tiii DAY')

NIPOTANt CASE-,LORD DOWDEN V. SIMPSON, RNT., AND

trniits.
Ihe Judges of the Court of Common Pleas, and the
Barons of the Exchequer, sat this morning in the Exche-
quer Chamber, for the purpose of giving judgment in the
above case, which came before their Lordships on a Writ
of Error from the Court of Queen's Bench.
Justice TINLAL prone:it-teed the judo-tent of the
Court, detailing the facts of the case which hate been al-
ready before the public, and which are briefly as follows
The Noble plaintiff, Lord Howden, brougl't an action
against the defendants, four of the proprietors of the North
Midland Railway Company, upon a covenant contained in
a deed, by which the defendants stipulated to pay to Lord
Howden the:sum:of 5,0001., for the damage and injury sus-
tained by his Lordship's estate, by reason of the Railway
passing through it, and near his residence. The defendants
pleaded that the agreement with Lord Howden was not
made known to the other proprietors through whose lands
the Railway was intended to pass—they further pleaded
that the agreement was not made known to Parliament,
and also that Lord Howden was at the time of making it
a Peer of the Realm. The Court of Queen's Bench gave
judgment in favour of the defendants on the ground of the
agreement having been concealed from Parliament, pro-
nouncing no opinion upon the other pleas.
Chief Justice TINDAL said their Lordships were unani-
mously of opinion that no one of the objections urged
against the agreement ought to prevail, and that the judg-
ment of the Court must be for the plaintiff, Lord Howden.
If there had been any concealment from Parliament Lord
Howden was no party to it, nor had it been so agreed
upon ; and if the argument, that Lord Howden's being a
Peer of Parliament, and thereby incapacitated from
making such a contract, was to prevail, it would be plac-
ing Peers and Members of Parliament in a worse situation
than any private individuals, who were not debarred from
protecting their property under such circumstances. Their
Lordships were, therefore, unanimously of opinion, that
none of these pleas could be supported in law, and there-
fore the judgment of the Court below must be reversed.
Judgment for the plaintiff.

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