The Sun.
London, England, 1853-04-20 00:00:00

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BAIL IN ERROR.—A return to the House of Lords
has lately been issued respecting bail in error, to which
Lord Campbell referred on the first day of term. It
appears that in 17 cases recognisances were filed under
the Bth and 9th Victoria, cap. 68, and, except in one
case, no render was made. Lord Campbell said the new
rule now made would prevent the gross abuse of the act
which gave power to give bail in error, which in a
number of cases had been done to avoid the sentence
pronounced.

THE ROYAL SOClETY.—Viscount Palmerston was
admitted into the society on the 14th inst. A commu-
nication .from Dr. M‘Donal3, attached to the Herald
conveying ship, was read, describing the anatomy of the
antennae in a small species of crustacean. The paper,
which was entirely of an anatomical character, was ac-
companied by very elaborate and beautiful drawings.

ACCIDENT ON THE GREAT NORTHERN RAILWAY.—
Yesterday (Tuesday) morning an accident occurred on
the main line• of the Great Northern Railway, near the
junction with the Lincoln Shire loop line at Peterborough,
which resulted in the destruction of property to some
considerable amount. It appears that the No. 1 goods
train from the metropolis to the north, consisting of
several trucks and cattle-vans, had arrived at the junc-
tion about the usual time, when the man at the points
put the train on to the loop instead of the main line,
and then, apparently, discovering his mistake, he sud-
denly reversed the points, thereby dislocating the train,
and producing a shock which threw several of the car-
riages off the line, smashed some of them, and killed
three bullocks. Part of the train being on one line, and
part on the other, both were blocked up, and the next
down passenger train was delayed an hour before a
clearance could be made for it. An investigation into
the conduct of the pointsman is immediately to L•
made.

SCOTTISH HOSPITAL.--A special court of this institu-
tion was held in the Scotch hall, Crane-court, yester-
day—Sir John Heron Maxwell, Bart., in the chair—to
take into consideration the propriety of erecting some
building for the pensioners of the charity in connection
with the chapel and hall, or otherwise. Dr. G. Webster
moved a resolution to the effect that a new hall be built,
with a home for the pensioners attached. He described
the present hall as unhealthy and unsafe. A committee,
appointed for carrying out this purpose in 1848, stated
the average rent paid by each pensioner was 2s. per
week, and that a home could be erected for them at the
cost of 8,0001., in which they could obtain lodging for
one-half that sum, and yet return the charity a fair in-
terest upon its outlay. Mr. Wm. Donaldson seconded
the motion. Dr. Webster thought that a new hall was
necessary, but condemned the project of building the
home. Mr. Liddle, Mr. Stephenson, and several other
gentlemen look part in the discussion, at the conclusion
of which it was resolved to renew the building committee
of 1848.

DEATH OF LODER THE VlOLlNlST.—Yesterday Mr.
G. S. Brent held an inquest at the Oxford Arms, Hamp-
stead-road, on Mr. John Fawcett Loder, aged 41, whose
performances at the different theatres, concerts, &c.,
gave him a distinguished character in the musical world.
The jury having viewed the body at deceased's private
residence, .6, Hawley-crescent, the following evidence
was given. Ellen Douglas, deceased's servant, stated
in consequence of her master's illness on the previous
night she went to his bedroom on Saturday morning to
see if he required anything, when she found him appa-
rently dead, lying half way out of the bed, and she gave
the alarm, whereupon medical aid was instantly ob-
tained. Mr. Henry Loder deceased's brother, said that
upon being informed by the previous witness of his bro-
ther's condition, he immediately sent for Mr. Muschett,
the surgeon, who upon his arrival declared that his bro-
ther had been dead some hours. On Friday night
deceased returned home complaining of illness, which he
said resembled cholera, and having taken a small quan-
tity of brandy, he retired to rest without betraying any
dangerous symptoms. On Wednesday night he per-
formed at the Philharmonic Concert, Exeter-hall, and
also
night.
the Haymarket Theatre orchestra the fol-
deatahs.e"
I:towing ght. Mr. Muschett, surgeon, made a post
of the heart and lungs. Verdict, "Natural
disielein examination, and found that death resulted from

MONEY MARKET A ND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO C )CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, of which 1,500 American
were taken for export and on speculation. The
market was tame, but heavily supported. Prices
of all kinds were in favour of buyers. Americans,
at sd. and under, were 1-16 d. per lb. lower. The
sales include 250 Egyptian, at 7d. to Is. 2id.; 20
Sea Island, at Is. 10d. to s.; and the remainder
nearly all American. Railway shares were steady.
The schedule of new duties published this morn-
ing enable the commercial public to form a better
idea of the plans and intentions of the Chancellor
of the Exchequer. Following an elaborate speech,
it is difficult to arrive at an exact appreciation of
alterations upon minor articles of consumption ;
and, in the present case, the Chancellor only spe-
cified the more important products that were to
be relieved. It is now found that the list
of alterations does not remove the objection so
long entertained as to the imposition of small
duties upon a list of articles, which, in the aggre-
gate, do not yield much to the revenue, but at the
same time occasion great expense in collection.
The progress of the Chancellor, however, is in the
right direction, namely to raise a large revenue
from some 20 or 30 important staples, and to free
the rest. The tables now published show, however,
a species of frittering which is decidedly objection-
able. There is no immediate occasion, if the
public income can spare the amount, for
touching many of the items included ; but
if they are to be dealt with, it would be
better that they were at once removed from
the duty list and made free upon importation.
There seems to be a very unsettled feeling among
commercial men regarding this Budget, for although
we are bound to state that. in substance it meets
with great approval, the Income Tax always ex-
cepted, there is a fear that between the opposition
that may arise to the latter, and the dissa-
tisfaction which the Irish members may
feel, the Government may sustain a de-
feat. An immediate effect has been produced
upon some of the principal articles. Thus tallow
has risen Is. per. cwt., and palm oil is in great
demand, and held for higher prices. Tea is very
firm, but there is no positive change in the quota-
tiors. Various suggestions are made regarding
particular items of the Budget, and some of
them deserve attention. We 'mentioned yes-
terday our objection to the placing of mere
postage stamps upon receipts, consith ring that
they may be liable to removal by accident or
design, a receipt unlike a letter or envelope being
retained for many years. It would meet approval,
we think, if blank slips were issued, as at present,
with the Id. charge stamped upon them • unifor-
mity of charge rendering it tolerably certain that
every man of business would keep an ample supply
for use ; whereas, when the stamp ranged from
3d. to 10s. it was useless almost to attempt to keep
an assortment, and recourse was had instead
to the nearest licensed seller. One advan-
tage of the one penny. stamp is the fact that it
can be attached to the account itself, whereas
a separate receipt must be folded therein. A plan
that would meet general approbation also would
be the stamping of all cheques. If every banker
passed his cheque-books through the Government
offices prior to issue, and had them indented with
the penny stamp, all further trouble and difficulty
would cease, the amount being charged by the
banker to the customer. As there are a great
bankers,mQueens andea
head
whothpay
by
yo
cheque,y
n would suffice for them, the amounts involved
aeriartrefore ies
never
in such cases being usually very small.
The position of the Land Companies in the
British American Provinces—Canada more k
hlie
parti-
cularly—is likely to be considerably improved 'by
the intended formation of a central railway that
will connect the most distant parts, and open up
tracts of country hitherto debarred from these
facilities of communication, which will give a mar-
ket value to produce. The Canada Company have
for years past rendered essential service to
settlers upon their estates by attending to this
primary consideration, and they have succeeded in
enhancing the value of their property, and at the
same time in establishing a character which causes
them to rank very high with the agriculturists.
Another company, however, having its territory in
Canada East, has been much less successful, pre-
cisely from the absence of that outlet which the
lakes in the upper provinces have partly afforded.
The-British American Land Company was resolved,
however, a year or two back, to take a large inte-
rest in the St. Lawrence and Atlantic Railway
Company, which passes directly through their pro-
perty, the town of Sherbrooke being the principal
station. This undertaking will be opened on the
Ist of next July. As far. as experience yet justifies,
this undertaking will be of immense service to the
company, and the grand trunk also is calculated to
improve it very considerably.

The shares of the Company which were formerly
quite neglected in the Stock Exchange, and were
only transferred among a few parties who had care-
fully watched its progress, have recently been so
largely dealt iii, and have experienced such an
extraordinary rise, that it may be interesting to give
some particulars °fits position. The capital is divided
into 6,000 shares of 501. each, with 381.105. paid-up;
representing 231,0001., against which the company.
holds 1,2421 acres of land in the town of Sher-
brooke, containing upwards of 3,000 inhabitants,
having doubled itself within the last 18 months,
and being still rapidly on the increase. According
to the calculations of parties who, being interested,
have gone fully into the matter, it is said that
this town property is worth 1001. per acre, and the
various items are thus computed

1,2421 acres in Sherbrooke £124,250
564,016 k acres (taking the average at 12s. 6d ,
according to previous sales) 352, 510
Property in Montreal 377
Mortgage debts and loans secured on real estate 94,390
Bills receivable; accounts, and other debts 3, 430
Shares in the St. Lawrence and Atlantic Rlwy 25,000
Debentures on ditto 2,949
Loan to St. Lawrence and, Atlantic Railway.... 25,000
Sundries, as per report l, 833

£629,639
It is stated that 100,000 acres of the land are
about to be sold to a Mining Company, on very
favourable terms, while the increased value of all
the remaining land, when the Canadian Trunk
Railway is completed, is estimated at 7s. 6d. per
acre. The result, excluding the mining offer and
this estimated increase, would be that each share
might be valued at 1051., but of course there
are certain contingencies to be taken into account.
The Reserve Fund is about 25,0001. The last ad-
vices from Canada state that there is a considerable
local excitement about the gold, and that Professor
Logan had examined four localities on the Magog
river, and has found gold at each spot. This river
runs into the St. Francis River, both of *which go
through the Company's property, the formerverynear to the town of Sherbrooke. Other minerals
are said also to have been discovered.

The Foreign Exchanges yesterday were at about
the same rates as previously for three months' bills
on Paris, Amsterdam, Hamburgh, Frankfort, and
Trieste.
The English Funds are very quiet, and decidedly
flatter. The quotation of Consols for Transfer is
Nog to f, and for Account 1001 to I. There is
increasing doubt about the Budget passing. The
New Three-and-a-Quarter per Cents, have been
103 k to and the Three per Cents. 99g- to
Bank Stock has advanced to 2251 and 227. Ex-
chequer Bills of March are 4s. to Bs. premium.
Foreign Stocks have been steady generally, but
Mexican are rather lower, being 27i to 28. Spanish
Certificates bring 7i to it. Portuguese 4 per Cents.
are 401 to f.
The Railway Share Market is drooping, the de-
cline being to 1 per cent., but the French lines
are firm. _ _

Gold Mine Shares are heavier, and the Land
Companies are down 3/. to 5/.
The Joint Stock Bank Shares are dull.

BRITISH FUNDS THIS DAY.
(.From the Official List.)
Business done.
Bank Stock • .
3 per Cent. Reduced. Annuities WI i 3
3 per Cent. Consols Annuities lOOl I i 4
New 34 per Cent. Annuities . . ...... ..,.. . .... 1034 ,4 3 4
Long Annuities, Expire sth Jan., 18G0 6- 6 6
Ditto 30 Years, Expire 10th Oct.' 1859 5 13-16 11-16
Ditto 30 Years, Expire sth Jan., 1860 6 3-16
South Sea New Annuities .. . . ................ 100 i
Consols for Account
Exchequer Bills lid. June. March.
£1000......
£5OO
Small 5 9 8 4

PRICE OF FOREIGN FUNDS THIS DAY.
Braelian Bonds, 5 per Cent. ... . .............. 1004
Ditto New, 1852, 41 per Cent .............. 991
Buenos Ayres Bonds, 6 per Cent ............. 654
Milian Bonds, 6 per Cent .... . .... ••••••• 104
Danish Bonds, 1825, 3 per Cent ....... 854
Grenada Bonds, Deferred .. ..................
Ditto Er. Dec., 1149, Coupon
Greek cx over-due Coupons
Mexican 3 per Cent.
274
Ditto for the Account
..... .
Peruvian Scrip . . ....................... .
Portugueso Bonds, 4 per Cent.
.1
Russian Bonds, 5 per Cent.
Ditto 4A per Cent lO4
Sardinian Bonds, 5 per Cent.
Spanish Bouds 3 per Cent 484 i 8
Ditto New Deferred, 3 per Cent 24
Spanish Committee Cert. of Coup. not fun 73 i 7 P c
TIMER O'CLgeli.

Consols.... looi
Ditto May Account lOO3