The Sun.
London, England, 1853-04-06 00:00:00

NEW .ELECTION COMMITTEES.

Yesterday the General Committee of Elections met and
appointed the following committees :
DARTMOUTH.—Mr. W. Miles, chairman ; Mr. J. H.
Langston, Mr. E.Tellowes, Hon. G. H. C. Byng, and Vis-
count Newark. Member petitioned against, Sir T. Her-
bert.

TAIINTON.--Sir George Grey, chairman : Mr. C. G. Du
Pre, Mr. Montagu Chambers, Mr. H. B. Coles, and Mr.
Pilkington. Member petitioned against, Mr. A. Mills.

LEICESTER.-Mr. Divett, chairman ; Mr. S. Gregson
Mr. R. T. Parker, Lord Dalrymple, and Mr. M. Kendall,
Members petitioned against, Sir J. Walmsley, and Mr. R,
Gardner.

BANK OF ENGLAND. —A general Court of the Bank
of England took place yesterday, when Mr. G. Hub-
bard was elected Governor, and Mr. T. M. Weguelin
Deputy-Governor.
PRICE OF GOLD.—The quotation of gold at Paris is
about at par (according to the last tariff), which, at the
English Mint price of 3/. 17s. 104 d. per ounce fot stan-
dard gold, gives an exchange of 25.17 ; and the exchange
at Paris on London at short being 25.07 i, it follows that
gold is about 0.38 per cent. dearer in Paris than in Lon-
don. By advices from Hamburgh the price of gold is
429 per mark, which, at the English Mint price of 3/.
17s. 101 d. per ounce for standard gold, gives an ex-
change of 13.7 ; and, the exchange at Hamburgh on
London at short being 13.6, it follows that gold is 0.47
per cent, dearer in Hamburgh than in London. The
course of exchange at New York on London for bills at
60 clays' sight is 1091 per cent., and the par of ex-
change between England and America eing 139 23-40
per cent., it follows that the exchange is nominally 0.33
per cent. against England ; but, after making allowance
for charges of transport, the present rate does not allow
of the transmission of gold either way between the two
countries. _ _

WEST INDIA MAIL COMPANY.-A memorial has been
addressed to the Admiralty by the merchants of Bristol
on the inconveniences sustained from the repeated
failures of the Royal West India Mail Company to fulfil
the engagements of their time tables., The memoriaists
state that the failures in question are so notorious as to
render it unnecessary to specify particular grievances,
but they point to the recent fact, " that the steamer
due on the 7th of February last did not arrive till the
9th of March, and that the steamer due on the Ist of
March did not arrive till the Bth."

HERR STAUDIGL.—We understand that this famous
basso has arrived in London this morning.
ILLNESS OF MADAME VESTRIS.—Last evening, dur-
ing the performance ,of A Strange History (which, by
th way, has been curtailed somewhat, and proportion-
ably improved), Madame Vestris showed some signs of
ill health, and went through her part with obvious diffi-
culty. The piece proceeded, however, up to the last act
which had scarcely commenced, when Mr. Roxby
addressed the audience, and claimed their indulgence for
Madame Vestris, who found herself wholly inadequate
to complete her task, The part of Christine being the
all-important part in the piece, there was no alternative
but to drop the curtain. We are informed that
the indisposition of this lady manifested itself yesterday,
and that it was exceedingly doubtful this morning whe-
ther a change of performance would not be necessary.
SOUTHAMPTON DOCK COMPANY.—Yesterday, a special
general meeting of the proprietors in this undertaking
was held in the London Tavern, for the following pur-
poses :—First, to consider and determine upon the expe-
diency of constructing one or more additional close docks
and an additional graving dock upon the company's
land ; secondly, to authorise the raising, for thesep-
poses, the necessary capital, by the creation of the
com-
pany, being the balance remaining unissued
addi-
tional sum of 270,318/. 15s. capitalstockofofthtehaecyo6nbtieh
sotmount ra
required
i7rtehd Vf
oi .
hcea pa.
above
or
purposessuch
and
se
tdtohtehtrhi thereof flayma,
sanc-
tion the further issue of debentures
au-
thorisedberequiredby fort h abovethe
said
iact,d suchpourirrip o
osopsep.no
irnctgi portion
Colonel
proceedings,
Barlowe ofa s mainy
the chair. The chairman,
constructing new docks, and
had a large increase of busi-
eeyssity
sutragteedd the
tha tn e the
forward ; for if they delayed
notne busi-
ness, s ,
sufficient so m uch
for s o thathtahe presenttheirpc companies
oradppoe
acr kiiiteai
trade.
msc accommodation
hfmoormnHboordewi an:pwoi
:nag: wasof
theup
would go elsewhere. If
might
it,wop subject
many
i ao
tnnhyoe
ft
ohift anhtteet
vthise
largewi
construction
anss steam
ah t
ne
they
had not constructed the close dock, which, he
state, had been the starting point of their fortune, they
would not have been able to accommodate the General
Screw Company. After going at some length into the
subject, he stated that the stock of the company would
be increased in value by the extension of the dock ac-
commodation from 26 to b 4 acres 150 per cent. T
thhee
niesgoteidat
aiotillewssitthhapnarptaire,s andfor
the
khwadoulhdeennotinbe
issued
pdnlieraweccinstotgorcsout of 50,000/. worth of the stock at that rate.
In conclusion, he proposed three resolutions to the effect
given above. The motion having been
seconded, was
opposed at great length by Mr.
Richards, who con-
tended that the proposed extension
of the docks and ca-
pital would only injure the present shareholders. Se-
veral other gentlemen having also spoken against the
resolutions, the motion for their adoption was put, and
carried by a large majority. A vote of thanks to the
chairman concluded the proceedings.
ITALIAN REFUGEES --A committee has been formed
in London for the relief of Italian refugees. The gentle-
men who have undertaken this kindly task hope to pro-
cure work for destitute Italian refugees in London, and
to assist them, in the meantime, with such pecuniary
means as may be raised by voluntary monthly subscrip-
tions and donations. Refugees desirous of availing
themselves of the aid of this committee are required to
make a witen application, at least four days before the
weekly dis autions, in order that the necessary infor-
mations regarding them may be made. Every Sunday
there is to be a distribution of money, in proportion to
the subscriptions and donations received.
ROYAL COLLEGE OF SURGEONS.—The following gen-
tlemen were admitted membere of the college on the 4th
instant :—Messrs, John Groscort Reed, Exeter ; Ber-
nard Kendall, Budleigh Salterton, Devon ; Joseph
Ewart, Holmehead, Cumberland ; Joseph Ford, Ched-
dar, Somerset ; James Vaux, Plymouth ; Oscar Byrne,
Newcastle-under-Lyne • William Thomas Lewis, Lon.
don ; George Yeates Hunter, Margate ; Sydney Jones,
Old Kent-road ; Henry Cooper Rose, Edward-street,
Langham-place ; and Edward Clapton, Stamford, Lin.
colnshire.

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 8,000 bales, of which 2,000
American were taken for export and on specula-
tion. The market was firm at previous rates. The
sales comprised 7,000 American, 300 Pernam and
Maranham, at 60. to 7fd. ; 200 Egyptian, at 6d. -
to 10d., and 200 Surat at 3/d. to 4i-d. per lb.
Railway shares were very dull.
The foreign exchanges were very firm yesterday
afternoon. Three months' bills were taken on
Paris, at 25 271 to 30 • Amsterdam, 11 18/ to 19 ;
Hamburgh, 13 7/ to 8 ; and Trieste, 11 6 to 10.
The crude reports yesterday circulated concern-
ing the financial intentions of the Chancellor of the .
Exchequer have resolved themselves into some-
thing more tangible, and it is now the belief that
there will be an endeavour to issue debentures
bearing interest at the rate of 2i per cent., secured .
for twenty years. We have heard a good deal
of discussion in monetary and Stock Exchange
circles respecting the probable success of this
attempt, and, upon the whole, opinion is fa-
vourable.
There are difficulties in the way,
unquestionably, but the whole matter will be
in the nature of an experiment, and it is proper
that something of the kind should be attempted,
when we see foreign loans and undertakings daily
brought forward in consequence of the facility of-
fered here for raising money. It is high time our
own Government should endeavour to profit by
the exalted state of our credit ; and although it
might not be possible to reduce the interest on
Consols while they stand so very little above par,
the scheme proposed will perhaps insensibly lead
to a future conversion. Upon the first blush it would
seem that Exchequer Bills could not be kept in
circulation supposing Debentures were issued, be-
cause the former bears a much lower rate of in-
terest than 21 per cent. It should be recollected,
however, that the floating debt is of a very pecu-
liar and convenient character. Bankers can scarcely
venture to place any of their surplus in other in-
-vestments, because Exchequer Bills constitute what
is termed in Stock Exchange parlance, " a call
' upon the Government at par," that is to say, at a
given date from the period of issue, the holder
is entitled to receive back the full amount
of his capital. Under any circumstances, therefore,
the monied man who can afford to keep the security
until the day of payment arrives, is secure against
loss. He may have all the chance in the meantime
of selling out at a profit, according to the rise
the premium. But, it will be objected, perhaps,
that there have been periods when Exchequer Bills
have ruled at a discount. This again is correct ; but
with the changeable character of our Money Mar-
ket there isno obviating such a result, and certainly
there is no security so little exposed to variation and so
safe as regards the capital. We believe, on the
other hand, that the proposed 2i per Cent. Deben:
tures would find favour with those who may wall'
an investment for two or three months, and dislike
the trouble of attending at the Bank to transfer
stock, while the issue of the Debenturesi with the ,
coupons attached would enable any one to send 11P •
his dividend warrant to an agent without the least
trouble. Further, a guarantee for 20 years is worth
something, whatever we may think of a conversion
of Consols, when the 3 per Cent. Stock range°
steadily at 5 or 6 per cent. above par, our Govern;
ment will unquestionably make the attempt, and
there are more improbable thing than this, not-
withstanding the new outlets for our surplus ca-
pital. The extent to which the public may think
proper to Exchange Consols for debentures will be
a fair test of the popularity of the new mew
sure, supposing that the Stock Exchange have
got the right version. The very important
information has been received from Paris
of the intention of the French Government
to grant power to execute a great Central Rail'
way, with a 99 years' lease, which is calculated to ex-
ercise a material influence upon our money market,
the main stipulation being that the whole sum is
to be raised in London. Louis Napoleon wisely
considers that the Paris Bourse would not bear the
weight of such a gigantic operation ; and profitable
as the scheme may be, we cannot but express an
opinion that such a large demand upon our re;
sources for absorption in foreign countries, shoule-
render parties exceedingly cautious as to the en;
gagements they contract. It is just possible that
the whole power of the Australian gold imports
may be neutralised by the rapidity with which
loans and companies are being brought out.
The amount of revenue to be invested in the
redemption of Stock during the present quarter i 5
about 600,0001., or more than for a considerable
period.

- The funds are extremely firm, and tend upwards,
the Government measure being favourably thought
of. Consols have been quoted 100 i to for trans-
fer, and I.ooi to for account, being a rise of
The New Three-and-a-Quarter per Cents. have
been worth 104 to and the Three per Cents
99* to Bank Stock has been done, ex. divi-
dend, at 224 to 225. Exchequer Bills of JIT,„°
are 6s. to 10s., and of those of March 10s. Pre'
East India Bonds are at 435. to 48s. premium.
Foreign securities have been less buoyant, an'
the speculators seem to be realising their profits on,
the late advance. Mexican Bonds are heavy 3b
21 to / ; Peruvian Scrip is worth 31 to 4 prem. i;
Chilian 3 per Cents, are at 82 ; and Brazilian 41
per Cents. at 99 ; Spanish Certificates are heavy 3.a
84, and the intelligence just received from Madrl
indicates that the opposition to the n",
loan will prove very formidable in the Corte.t
Still many conceive that the Govermnent
have a majority. The New Deferred Stock is 5
2,4 ,„ to /. Dutch 4 per Cents. have been down "`"
96i,after having realised 97i ex dividend. juts'
sian Bonds are 1171 to -4.. Portuguese 4 per Celt
have been at 391, and it is said there are to 0'
more favourable terms offered to the holders.
The Railway Share Market is firmer in tone, 3A4,-
though there is not much business doing. Frac'
Shares are flatter in consequence of the new schor
coming out. Upper India have again been ciao
as high as premium.
The Gold Mine Shares are quiet, but firm. t
The Land Company's Shares are heavy, "_l/,
British American Land have improved, after belmb
63 to 66.
The Joint Stock Bank Shares are very flat, an
there is still a disposition to sell. Even the
Chartered Banks of Australia are lower.

BRITISH FUNDS THIS DAY.
(From the Official List.)
Business done.
Bank Stock
3 per Cent. Reduced .Annuities 99' .2.
3 per Cent. Consols Annuities
, - - \t. Annuities ~ ...... , . :....... 1024 i
'15.1

Cent. au-- --- .--t i 0 4
16 6
trAlsTroelga 3AB
.1
illieduris t,ci Is
1, 0 0
OE
...... !. ii. . Jan.,::
..
.8. 6.
.0.
..
.. .
.. 54.1 58.
Consols for Account( . lOO4 i i
june. March.
Exchequer Bills, li I
£lOOO .................................... 710 6 10
£5OO ...................................... 6 Small ...................................... 6 6
PRICE OF FOREIGN AND
S THIS DAY.
Brazilian Bonds, 5 per Cent. .
Ditto New, 1852, 4i per Cent, a
x
Chilian Bonds, 3 per Cent 94
IGEqrDenaciktdtooerilA3oecrenoed:s.natu..Ae.p6ieiul...pios.n.,... 52% t
211
Mexican 3 per Cent... .......
..
" 9
Portuguesee
Ditto, avian
csr i p
per . Ce a ' •• • ...
..
..
234:2: i 2
_wr
4 wpo
ne r d
Deferreds C, e x 1 t
39f 401
Russian Bonds, 5 per Cent.
. Ditto, 4i per cent
Spanish New 5p er,
3C epnetr.
cern,
..
Spanish Committeefun 8 i p
Cert. of Coup. not ~,,
Venezuela Bonds 32 per Cent........... "
1,, Ditto Deferred, 1 per Cent
Dutch Exchange 2i per Cent
i
Ditto 4 per Cent. Certificates...
TUR RE O'CLOCK.

Consols. ............ .....................
Ditto April ACCCOUnt ................

100 i
1004

THE E.A.nr. or CARLISLE.---OH Monday the magistrate
and Town-Council of Edinburgh presented die freedom
of the city to the Earl of Carlisle "in testimony of their
regard for him as an enlightened statesman, their adnar,
ration of his active. and generous philanthropy, and then
gratitude for his services in promoting the social and T.
tellectual elevation of the people." The noble earl, 1;1
gracefulandhappy terms, acknowledged the complime_',
.:
thus paid him. He told the .Lord Provost that 0`
valued the honour conferred on him all the more from
its being unconnected with any considerations
mere party politics. Civil and religious libertf,,
the abolition of slavery, and free
trade had a
ways enlisted his warmest sympathy and support'
He ;
had endeavoured to allay religious and nation;
animosities, to extend popular education, and
promote all that could polish, elevate, and refine the
bulk of his fellow-countrymen. It was highly gratifto
ing to him to find himself so favourably esteemed in t."
ancient capital of the Scottish monarchy—a city fr?133
which some kinds of royalty would never depart--whler
sat enthroned in natural and architectural beauty on he,.
native rock, with the encircling hills around her and th;
sparkling estuary at her feet—and which retained tl?f,
sovereignty of intellect derived by her from a long flatlet
of philosophers, orators, poets, and divines, still lop_
glowing with copious lustre amid her schools, her chair,
her press, her forum, and her pulpit. The noble earl
addressed the same evening a meeting, over which
Lord Panmure presided, for the promotion of Rogge
Schools.

ANTIQUITIES AT WOOLWICH.-A party of oonvie,,t!
employed in excavating the ground at the rear of to'
buildings of the boring department, in the Dial square'
came upon a number of antiquities—consisting of vegs°'i
in pottery, human remains, and an urn containl,
burned bones. The vessels are described as of superioi
construction, although made of a red brick colour, an
their forms are remarkable.„