The Sun.
London, England, 1853-08-05 00:00:00

AW
14,
p;
bp oit

BRIGHTON RACES.

(THIS DAY.)

(BY ELECTRIC TELEGRA
£5O SWEEPSTAKES.
CLARET STAKES.

Andover

walked over

Surprise......
Abdallah
Puritan ......

Seven ran.
XlOO PLATE FOR TWO-YEAR-OLDS.
Quince T
.................................................
Reel colt

Five ran. Fine Race.
BRIGHTON CLUB STAKES.
kllington*******************************************
ari.°rth ..........................................
Rerbert

Six ran.
BRIGHTON CLUB PLATE.
Sylphine
Vanitre55..........................................

£lOO PLATE
kaidatone
William Rufus
Sweetness ...........

Eight ran.
WELTER STAKES.
Surprise
Farmer's Boy
.a.rforth
Seven ran.

50
BETTING AT MANCHESTER. io

THIS DAY.

(BY ELECTRIC TELEGRAPH.)
WOLVERHAMPTON STAKES.
sto 1 agst Pastrycook (offered).

EBOR HANDICAP.
Bto 1 agst Cat'spaw (taken freely).
20 to 1 agst King Tom (offered).

IMPERIAL PARLIAMENT. I

Reim

IAY.) I Fg.

SE OF COMMONS—(THIS D.
The SPEAKER took the chair at twelve o'clock.

PRIVATE BUSINESS.
ghe Lords' amendments to the Electric Telegraph
and the Worcester and Hereford Railway Bill were
!Inairit ;red and agreed to.
11,,,ilietollowing bills were read a third time and passed :
an—ag,in!T Free Grammar and General Education Schools
4.- arity Estates • Clitheroe School Estate ; Duke .;!t
ttholl'.a Estate • Jesus College Estate ; Piddocke s
°tate
aud Wa!rd Jackson's Estate.
"(31:1111 SEA COMPANY'S ARRANGEMENT

AND TRUSTS BILL.
?,rathe motion for the third reading of this bill, 20
jen-r• SPOONER rose to move that the bill be re- 20
pi'de(l- The bill, although standing on the private paper P.
ittais) a 'public measure, and ought to have been brought
pr Y the Government. It contained most extraordinary
Co"isi "8, and gives the directors of the South Sea St
th:Pa 'Ya power to deal with more than 3,000,0001. of St
tir litock, in a manner which the house would know St
4,11'44; of until a long time afterwards. The standing
*lets had been suspended in favour of the bill ; and, 10
11,°11igh it was a measure of vast importance, they had 2e
tos'grdi to statement whatever about it. True it was referred _
1. incidentally by the Chancellor of the Exchequer in 1-:';
'4'aufe.ue.nt statement on the subject of the South Sea -4‘.
thruliaes, but he could not gather from that or any. 2(‘
00,,,11 in the bill itself, that every member of the '
jeautPaly, or at least so large a proportion of them as to 51
f +,Y the house in passing the bill, had received notice 2,
oSen'" purport and intention of this bill. The South 2,
rltneev--aesrCualoamiepsa.sn, y;. although a chartered company, was, 2
partnership, and, therefore,. in law, a 2
pan ore of this nature to divert the capital of the com- 2
herbe, from the object for which it was subscribed, could
tlersual made legal without the sanction of all the part-
thi_: He concluded by moving that the bill be read a
this day three months.
th ' 33CATVERIE said the hon. member complained
but this bill had been brought forward as a private bill, ‘;
eoujla it was promoted by an incorporated company,
It
d not have been introduced in any other way.
tritted, a wise and important public object, and he
itl,;would receive the assent of the house.
to lrake' ELL-y said the effect of this bill would be
van 11 the
South Sea Company a great trading com-
44;:tier°;torYs,ingheml: business as trustees for other parties ;
all the
ugh that change might be advantageous to the
contended that, without the sanction of
thatl the proprietors, it would be neither more nor less
0 aet of spoliation to pass this bill. The real
iyetations of this bill would be this, parties who had
rested their money in South Sea Stock, under the
CPression that it was for a particular purpose, would
CPltid off without ceremony, if they did not consent to
a terms of the bill. In point of fact, the South Sea
4Pany was,a
icopartnership, and the object of this bill
Irto compel tne parties to dissolve the partnership.
it, tb je assent of all the proprietors had been'obtained to
tif course his objections to the bill would cease, but
th, out that consent the bill was notning more nor less
t;4 an act of spoliation. and the house ought therefore
fo!eject it. They were told, indeed, that the bill was
thetded upon a resolution passed by the company, but
4.Y had no information as to how
mussed or carried. They did notthe resolution was
know whether all
dre proprietors entitled to vote agreed to it ; if they
he; of course there would be an end to his opposition,
th;‘n,aPo_n these points the house was as yet entirely in
lark
till". CARDWELL had examined the provisionsex oef.
and he had no doubt whatever as to its
_p
(7, or as to the necessity for passing it. The policy.
rilthe h the bill enunciated was approved of by the majo.
kal3: of the company,and the reason it was not invesi-
i;" by a üblic committee was simply that the.
:a-4km of the public committee was simply that the
fthe house required that it should be
da prtie-
th-e bill. Being unopposed, it was referred
rii! Chairman of Committees, who thoroughly e.xa-
hted Lts provisions, and reported. it as unobjection-
hait' Whence, then, arose this opposition?. The bill
asaepTin aPproved of by the company in public meeting
seo4—uted, and since the supposed absence of the con-
eit the proprietors was the present ground of opp1:0_-..
t0',1"41, he thought the house ought to experience no d f
T:',Y passing;the measure.
th e ',4e amendment was negatived without a division, and
ftetll was read a third time and passed.
'i-)ING ORDERS REVISION COMMITTEE.
n
et`-'a the order of the day for the consideration of the
•land of this committee,
▪ Mr
▪ th • NV. PATTEN called the attention of the house
tit), e report, and, in accordance with its
standing orders,
insertion of certain amendments in the
numg orders, which were agreed to.
(LEFT SITTING.)