The Sun.
London, England, 1862-01-21 00:00:00

nie SUN, rLONDON, TUESDAY EVENING, JANUARY 21, 1862.

LAW INTELLIGENCE.—(This Day.)

AMERICAN FINANCES•

COURT OF CHANCERY.
(Before Tice-Chancellor Sir R. T. Kindersley.)
PETITION FOR JUDGMENT.

His Honour the Vice-Chancellor said—This is an appli-
cation by petitions of two children to have the shares which
it was intendcdthat they should become entitled to in cer-
tain funds of Ile residuary estate of the testator, subject to
the life interest of their mother, paid out to them with the
assent of the no.her, to enable them to enter into business,
as they had now attained the age of 21 years. The testa-
tor, John Wilkes Berry, by his will, in July, 1840, gave
the whole residue of his property, real and personal, to
trustees in trust, to convert and stand possessed of certain
annuities, anc to invest the residue and to hold the residue
in trust to paythe dividends and interest thereof to his wife
for life, to be )xpended in the maintenance of herself and
his six legitimate and illegitimate children, and any other
children aftereards born. A posthumous child was after-
wards born. The residue of the testator's estate amounted
to £3,353, 3 per Cent. Consols, standing to the credit of the
estate. Edwarti and John Brook Berry, two sens of the
testator, on attaining the age of 21, were desirous that the
two-sevenths share of the residue should be paid to them to
enable them to enter into business, and petitioned accord-
ingly. His Honour the Vice Chancellor, on considering
the case of Knight v. Knight, decided by himself
and followed by the Master of the Rolls, where
the question then raised was whether the period
of distribution was the dissolution of the marriage
by death, or en the children attaining the age of 21.
His Honour hell that the survivorship related to attaining
the age of 21. A case was cited on the other side, reported
in vol. 8 of DE Gex, Macnaughten, and Gordon, p. 156,
but that case was different from the present. His Honour
the Vice-Chancellor, considering that the residue was
small, and given by the testator for the maintenance of his
widow and children, with the benefit of survivor ship, could
make no order far the payment of two-sevenths of the resi-
due, the two shares of the petitioners, as two sons of the
testator, but if they would undertake to pay .LlO yearly to
their mother, and state that the money was required to
enable them to enter into business, and allow the residue
and survivorships to remain as a security for the money
received, his Honour would allow £5O to each to be paid
out of the stock, if they agreed to it; if not, the petition
would stand dismissed. Costs to be paid out of the funds.

POLICE .INTELLI GEN C.E.—( 7741$ Day.)

MARLBOROUGH-STREET.

ANNOYING A TRADESMAN.—Andrew Blair, a tailor, was
charged before Mr. Tyrwhitt with annoying Mr. William
Churton, hosier, of 92, Oxford-street.

The prisoner yesterday evening knocked loudly at Mr.
Churton's private door, nd on it being opened he forced
himself in, and demanded to be supplied with liquor, and it
was with great difficulty he was expelled. Seeing that ha
was in liquor, Mr. Churton, to prevent a repetition of his
conduct, sent for a constable (Pratt, 311 A), when the pri-
soner made an infamous imputation against the character
of Mr. Churton's house, and struck the constable two or
three times, and behaved very violently on the way to the
station.

Mr. Tyrwhitt fined the defendant 205,, or fourteen days.
SNownALLlNG.—Alfred Rogers and Frederick Cooper,
two boys. were charged with snowballing, and breaking
a pane of glass in the shop window of Mr. Marshall, oil-
man, Great Pulteney-street.

Mr. Tyrwhitt, at er cautioning the boys, fined them le
each, and ordered them to pay the damage.

THAMES.

DANGEROUS PROCEEDINGS ON THE RIVER.—THE
WATERMENS' LAws.—Charles Braithwaite, the younger,
of No. 29, Napier-terrace, Bow-common, appeared before
Mr. Selfo on a summons, which charged him that he being
a waterman's apprentice, did, unlawfully and wilfully, let
loose and cast off, the headfast or rope of two barges called
the Mary and the John, so that the said barges drove from
the place to which they were made fast.
Mr. Charles Young, solicitor, conducted the prosecution
for Messrs. Cory and Co., extensive coal merchants and
barge owners in the Commercial-road, Lambeth, who had
suffered much by the practice now complained of, and who
were determined to prosecute in every case that
came to their knowledge. The summons was taken
out under the 51st bye-law of the Watermens'
Company, framed in accordance with the authority given by
the act 22 and 23 Vict. The bye-law imposed a penalty
not exceeding 40s. nor less than 10s. for the offence. If
such proceedings as those of the defendant were not checked,
no floating property would be safe on the river Thames.
Edward Lowe, a waterman's apprentice, said he was in
the employ of Henry Jenkins. He was in his craft on the
river at the entrance of the Victoria Dock about 7 o'clock a
few days ago. It was low water. He saw the defen&ant,
Braithwaite, deliberately cast off the headfast from two
barges not laden, named the Mary and John. They had
been fastened to the Clara and another barge, the name of
which he did not know. The Mary and John both went
adrift.

RAILWAY M7E7LIGENCE.

RAILWAY BILLS.

Henry Lowe, the brother of the last witness,
gave evidence is confirmation, and said that Messrs. Cory's
barge drifted to Blackwall-stairs with the tide. He heard
one of the defendant's companions sing out, " Shove the
barge's head over, I am - if we don't find a road out."
For the defence, it was attempted to be shown that the
defendant could not get out with his own barge without
setting the others adrift, but this defence was not made
out.

Mr. Selfe said the defendant had clearly infringed the
bye law, and had committed a'mischievous act probably
under some mistaken idea of his own rights. He fined the
prisoner 10s. and costs, and warned him that a repetition of
the offence would be visited with a penalty of 40s.
The fine was paid.

SPORTING INTELLIGENCE.

TATTERSALLS'-YESTERDAY.

The weights for the Chester Cup-
which appeared last
week in these columns, and a disposition to commence the
business of the turf season of 1862 immediately, gave great
promise that the attendance at the Corner this afternoon
would exhibit a corresponding improvement, but such was
not the case. Scarcely 20 appeared, which in a measure
may be accounted for by the extreme severity of the weather,
as also by the great difficulty of selecting the "best" in Mr.
Topham's handicap, which, upon all hands, appears to be
admitted a good one; the business, however, was conducted
with extreme caution. Agag, from Godding's stable, im-
mediately after the issue of the weights became a warm
favourite, 60 to 1 having been repeatedly taken about him ;
but this afternoon 40 to 1 was the highest offer that could
be obtained. Similar odds were laid against Schism, Um-
pire, and Satanella, and 50 to 1 against Bevis, each of
whom gave promise of seeing a better day.
THE Two THOUSAND.

For this important spring engagement Old Calabar re-
tains his place, many of his supporters appearing exceed-
ingly willing to accept half a point over his quoted price,
but the layers were shy, and confined themselves within
bounds. The only other animals touched upon were the
Marquis and Alvediston, the former finding a supporter at
6 to 1, and the latter at 11 to 1, to small amounts.
THE DERBY.

Upon this event little or nothing was done, and those
backed will be found returned in our subjoined list :

CHESTER CUP.
40 to 1 agst Agag (taken)
40 to 1 agst Schism (taken)
40 to 1 agst Umpire (taken)
40 to 1 agat Satanella (taken)
60 to 1 agst Bevis (taken)
TWO THOUSAND GUINEAS.
4to 1 agst Old Calabar (offered, take 9to 2)
6to 1 agst Marquis (taken)
11 to 1 agst Alvediston (taken)
THE DERBY.
25 to 1 agst Typee Dolt (taken)
30 to 1 agst Athlete (taken)
40 to 1 agat Argonaut (taken)
60 to 1 apt Laughing Stock (taken)

TBIS DAY'S MAREE7'S.

HAY MARKETS.

SMtfllFlELD.—Meadow hay, £2 58 to £5 ; clover, £3 10
to £5 15s Od ; and straw, £1 8s to £1 16s Od per load
Trade slow.

CUMBERLAND..—Meadow hay, £2 5s to £5 Os; clover
do., £3 10s to £5 15s; and straw, £lBs to £1 16s per load.
Trade dull.

WHITECHAPEL.—Meadow hay, £2 5s to £5 Os; clover
£3 lOs to £5 15s Od ; and straw, £1 8s to £1 16s per load
A slow demand.

COLONIAL.

TEA.—There has been a rather limited amount of busi-
ness transacted, and prices have remained without material
variation.
SUGAR.—The market has been rather dull, but prices,
generally, have been maintained, particularly for good and
fine descriptions of West India. In the refined market there
is no change f importance to record in values.
COFFEE.—A moderate amount of business has been re-
ported in colonial descriptions, without any material change
to notice in quotations.
RICE.—For the better descriptions of East India there
has been a fair inquiry, and, in some instances, prices have
slightly receded.
SALTPETRE,—BaStne9B has continued inactive, and the
few bargains entered into have been chiefly at previous
rates.
TALLOW.—The market has continued dull, and prices
generally have shown increased depression. P.Y.C. on
the spot is quoted 48s to 48s 3d ; January 47s 9d to 48s ;
and March delivery 48s 3d per cwc.

COAL N
trrloes of Coal per Ton a 1

ARKET.
t the close of the market

s. d.
%Vylam ..16 0
North Pelton... ...... 13 3
Tanfield Moor ... . .... 12 9
Tanfield Moor Butes ..12 9
West Hartley ........16 3
Burnhope Gas 12 6
Hastings Hartley l6 3
Bower's West Hartley 16 3
Walker Primrose 13 0
Bate's West Hartley 15 3
Lambert's West Hart- _

Walls End.
Cassop l7 0
Heugh Hall 16 9
Harton l6 0
Kelloe
South Hart1ep001......17 0
Hetton .. l3 0
Gosforth 16 0
South Hetton ...18 0
Hartlepool.. l7 6
Sheriff Hill 15 0
Thorpe l6 9
Stewart's....l 18 0
Haswell . 18 0
t, 49 ; sold, 29.

loy 16 0
Walla End.

Easingtoh.... ......16 9
Ships at market

The commercial accounts from America show
that the progress of national bankruptcy is as rapid
as had been anticipated. Gold is now at nearly 5
premium, and the result of this is that the war ex-
penditure, already estimated at L100;000,000 per
annum, must be raised to £105,000,000. It is evi-
dent, however, that the mass of the American
people are as ignorant of financial as of political
principles, and that owing to the delusions put
forth by the press upon the subject, they are still
far from comprehending the prospect that awaits
them. No word is yet breathed of a reduction of
expenditure, and with regard to taxation the
simple announcement is that, owing to the popu-
lation being unaccustomed to the European modes,
the subject will require lengthened consideration,
while :the exigencies of the Government are im•
mediate, and must therefore be provided for
without delay. Hence the grand step has already
commenced of an additional issue of £20,000,000 of
inconvertible notes—a total in itself equal to the
whole amount of the circulation of the Bank of
England in the hands of the public in this country,
but which, it is thought, will scarcely do more than
satisfy the arrears long overdue to clamorous con-
tractors and political agents of all kinds. The public
are told that the new notes are to be regarded as of
the nature of" Exchequer-bills issued by the British
Treasury," except that they " do not bear interest,',
but it is omitted to be remarked also that they are
forced upon the takers, instead of being sought for.
It is enough, however, in this as in the Trent case
to cover any wrong by assuring every one that it is
in accordance with British precedent. Nevertheless,
some few persons are plainly beginning to get
frightened, and, as the surveillance over the press
prevented any expression of opinion, placards had
been posted in the city of New York, with the words
" Peace at any price." The specie in the banks
during the final days of payment had experienced
a further reduction of more than a million sterling,
but would now be under control, since no one could
could obtain it. Some of the leading merchants
express an opinion that the premium on gold will
be at 10 per cent, before the lapse of a month, and
at 50 per cent. if the war goes on till Midsummer.
The North-western States, it is sail, are highly dis-
satisfied with the prospect of taxation. As an ex-
ample of the pressure experienced, it is remarked
" the Western farmers hitherto have exchanged in
value about one bushel of Indian corn for one pound
of coffee, but the additional duty on that article and
the increase in the cost of freight changes the pro-
portion, so that it requires three bushels of corn to
procure a pound of coffee." Opposition, however,
is kept down in the various Western cities by com-
mittees of native Americans, who denounce to
the military or other authorities those who are
suspected of " disloyalty." In fact, added to
the signs of universal bankruptcy, there is vir-
tually in some districts a reign of terror, the pri-
vate malice of the scum who act as spies being
sufficient to cause individuals to be arrested and
indefinitely confined in prison. Notwithstanding
the "great political triumph" asserted to have been
achieved by the surrender of Messrs. Mason and
Slidell, the desire for revenge among the worst
classes, who now overpower the respectable senti-
ment of the country, is not concealed, and it was
suggested that the most convenient course for the
moment would be the suicidal one of repealing the
reciprocity treaty with Canada, under which certain
articles of produce and manufactures are exchanged
between the two countries. The fact that the treaty
cannot legally be terminated for four years from
the present date, it having been made originally for
ten years, does not seem to have been thought
worthy of much attention.—limes' City Article.

Yesterday the examining barristers of the Houses of
Lords and Commons announced that the following Railway
Bills had complied with the Standing Orders :—London
and South-Western.—Widening the existing line near the
Vauxhall and Southampton stations; increasing the station
accommodation at Nine Elms; and making a railway from
Wareham to Knowle, and taking power to raise £500,000,
and to borrow £166,600 ; also for making junction lines to
connect the Andover and Redbridge Railway with the Lon-
don and South- Western, and to lease the former and raise
£60,000. South Yorkshire.—To enable the company to
construct new railways near Sheffield and Thorne, at a cost
of £lOO,OOO. The other railway bills passed were to enable
Maryport and Carlisle Company to make branch railways
to Bolton and Wigton, to enlarge their station there, and
to raise £lOO,OOO ; Radstock and Keynsham,—to unite these
places with the Great Western Railway, to make branches,
and raise £160,000, further adjourned to the 27th instant;
Inverness and Aberdeen, and Inverness and Ross-shire—
amalgamation ; Brean Down—for the construction of a
railway, pier, and harbour at Brean Down, in the British
Channel, and to raise £100,000; North Devon—for the
construction of a railway dock.

The London, Brighton, and South Coast Bill, to autho-
rise them to wake new lines in Surrey and Sussex, was
opposed by the London, Chatham, and Dover, and on the
memorials of numerous landowners. The standing orders
were declared not to have been complied with, but the alle-
gations were not material.

The Holb each North Junction Bill, for making a railway
from the Norwich and Spalding Railway at Helbeach to
the Great orthem Railway at Algarkirk, and to raise
£BO,OOO, was withdrawn.