The Sun.
London, England, 1853-04-27 00:00:00

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England is criminal. Otherwise the CHAN-
CELLOR of the EXCHEQUER would never have as-
sumed to himself judicial authority—subjecting
the country to criminal treatment--sentencing
the people of the United Kingdom virtually to
seven years' transportation ! Seven years' trans-
portation to the penal settlement of the Income
Tax. A sentence of this duration is ordinarily
reserved for individual felons, convicted after long
. trial of some heavy and grievous misdemeanour.
It is seldom pronounced, without defined culpa-
bility in the recipient, upon the aggregate of an
enormous population. It is so, nowadays, never-
theless. Mr. GLADSTONE, like a judge on assizes
rather than a sedate administrator, has—in re-
ference to what we have called the penal settle-
ment of the Income Tax—devoted the inhabitants
of this land to seven years' transportation. There-
fore—we repeat, and the conclusion must be ob-
vious—England is criminal. She will be criminal
at least if she submit quietly 'to this criminal
treatment. She is criminal already in the
estimation of the CHANCELLOR of the Ex-
CHEQUER. Criminal in what ? Can it be
in having consented, almost without a mur-
mur, to the recent organising of the Coali-
tion—to the formation of a Ministry unsus-
tained by any perceptible principles--to the con-
solidation consequently of what may for that
reason be termed a glaringly unprincipled Govern-
ment ? Really so it would appear. If the de-
duction be in any way unsatisfactory to the ad-
visers of the SOVEREIGN, they have, in this, solely
and entirely to thank themselves. They have
shaken the confidence of the community in the
good faith of its statesmen. They have trans-
formed consistency into a shibboleth. They
have violated all preconceived ideas as to
the laws of political propriety. They have ren-
dered their past a mockery—their present a contra-
diction—their future a source of national solici-
tude. All this they have accomplished in build-
ing up an anomalous and heterogeneous
Administration. And now, having fulfilled their
intentions, having grappled the reins of office,
having comfortably settled themselves down to
official toil, with a view, no doubt, to their
becoming permanent squatters in Downing-street
—her MAJESTY'S Ministers deem it but right to
subject the nation to the penalty due to its late
indifference. They sentence it, through the
mouth of the Financial Administrator, in the
manner already specified—namely, with reference
to this delectable settlement of the Income Taw—
to Seven Years Transportation. Querf—Will
the country, having consented to accept the Coali-
tion, consent also to accept the consequences of
the Coalition ? Having permitted the wholesale
abandonment of principle by the Members of the
new Government, is the nation to tolerate, as
the first result of that concession, the continuance
for seven years of the most unpopular tax ever
imposed during a time of profound peace upon a
multitude peculiarly alive to such injustice ?
Coupled with this, moreover, we have seen a bribe
of many thousands sterling held out, not by stealth
in a back room at Derby, but openly on
the floor of the House of Commons. A bribe
offered, not by W. 8., not by FRAIL the
barber, not by MORGAN the bricklayer, but
by the Members of her Britannic MAJESTY'S
Government. A bribe not to some half-inebri-
ated elector, but to a portion of the Fourth
Estate—to a division of the Press—to a section
of incorruptible (!) Journalism. Well, the people
of England see a Budget brought under the con-
sideration of the lower branch of the Legislature,
having in it those two remarkable items—the re-
newal of the Income Tax for seven years—its
renewal until 1860, when it shall " cease and
determine," and with this the remission of up-
wards of 40,0001. sterling hitherto derived from
the stamp upon newspaper supplements. Ministers

must have counted rather confidently upon the
gullibility of the British population, before
they could venture to introduce such pro-
posals in the course of their Financial Statement.

If we might judge, indeed, from the facility with
which the Budget has entrapped the veteran Mem-
ber for Montrose, we should presume that the
Cabinet had not altogether calculated without its
host. The 'bated breath of the Chancellor of the
Exchequer, using the word in its double applica-
tion, has decoyed the Political Father of the whole
body of the Reformers into a virtually uncondi-
tional acceptance of the Budget in its entirety.
The melancholy extravagance of this proceeding
on the part of Mr. HUME was sufficiently in-
dicated by the deformity, or distortion, or
perhaps we should rather say by the di-

re,ct contradiction and irredeemable absurdity
of his argument. His argument, in fact, was
this—" I so fully concur in all that has been said
by the Hon. Baronet the Member for Herts in
condemnation of the Income Tax as heretofore
levied, I so fully agree with him in reprobating
its injustice and severity, that I shall give my
cordial support to the Budget of the Right Hon.
the Chancellor of the Exchequer." In other
words, " I regard the Income Tax as so odious,
without some distinction being made between pro-
perty fixed and precarious—that—l shall forward,
by every means in my power, its extension to in-

comes of 1001. per annum, and its renewal for a
period of no less than seven years' duration."

Never was there a more preposterous non sequitur,

And this from the veteran Reformer ! The course

pursued by him in this matter bears a painful re-

semblance—we venture to introduce a qua

tation from Othello, even with the fear

of the Earl of CLARENDON before our eyes
—bears, we say, a somewhat painful resem-
blance to that of lAGo, when exclaiming, in a

voice of indignation, " Stab a mau in the dark ?
0, shame, shame !" all the while perforating with
his sword the bosom of the duped and defeated

RODERIGO I.

TUE DUBLIN EXHIBITION.—The number of season

tickets sold up to yesterday evening was 5,312. There
are now nearly 1,300 men employed at the building
every day.
PRICE or GOLD.—The quotation of gold at Paris its
about at par (accordinc, to the last tariff), which, at the
English Mint price of 31. 17s. 104 d. per ounce for
standard gold, gives an exchange of 25.17; and the ex-
change at Paris on London at short being 25.074, it
follows that gold is about 0.38 per cent. dearer in Paris
than in London. By advises from Hamburg the price of
gold is 427 per mark, which, at the English Mint price
of 3/. 17s. 10d. per ounce for standard gold, gives an
exchange of 13.6 ; and the exchange at Hamburg on
London at short being 13.51, it follows that gold is 0.12
per cent. dearer in Hamburg than in London. The
course of exchange at New York on London for bills at
60 days' sight is 1094 per cent., and, the par of exchange
between England and America being 109 23-40 per
cent., it follows that the exchange is nominally 0.17 per
cent. in favour of England : but. after making allowance
for charges of transport, the present rate leaves no profit
on the importation of gold from the United States.
DIVIDEND.—A circular was issued yesterday by Mr.
Coleman, the accountant, announcing a first dividend
of 7s. 6d. in the pound on the estate of Messrs. Coil-
mann and Stolterfoht, who failed on the 10th of January,
and whose direct liabilities amounted to 153,8111. It
is understood, at the same time, that the general liquida-
tion of the estate is proceeding as favourably as was anti-
cipated when the meeting of creditors- took place in
February, and that a further early distribution may be
looked for.

carried his resolution respecting the Advertise-
ment Duty by a very clear and decisive ma-
jority. The sum could be easily spared, and, in-
deed, the Chancellor of the Exchequer was willing
to surrender the amount. But in place of be-
stowing it as a general boon on journalism, in
which all, from the highest to the lowest might
participate, he determined to offer a handsome,
shall we call it " bribe" or " gratification ?" We
leave it to our readers to fill the blank according
to their own fancies—to the Times. The com-
plaints on this subject are loud and general ; the
majority are indignant at the contemptuous dis-
regard of their views thus exhibited. The substi-
tution of another of his crotchets for that which
had obtained the sanction of the House, and one
which would greatly affect the value of the boon
about to be conferred on journalists. As we have
repeatedly shown, a reduction of the duty would
not meet the exigencies of the case, and the with-
drawal of a portion, more especially for the pur-
pose of disposing of the balance in the proposed
manner, was merely felt to be adding insult to in-
jury. No, We venture to assert that the resolution,
deliberately adopted, must be carried out in its
integrity, and that no compromise can be adopted
in this portion of the Financial Scheme.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

.CITY, TWO 0 CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, all to the trade. The
market was very tame, with a large supply. The
sales comprised 4,000 American, 130 Pernam and
Marauham at 6/d. to 7d., 50 Bahia at Gad., 400
Egyptian at sd. to Is. 3d., 400 Surat at aid. to
4d., and 20 Sea Island at Is. 9d. to 2s. 2d. per
lb. Railway shares were flat, at lower prices.
Three or four vessels have arrived from Australia,
the latest dates they bring from Port Philip being
January 12. There are a few items of intelligence
that possess interest. The John Taylor, from Mel-
bourne, has on board 10,847 ounces of gold ; the
Clifton, 27,507 ounces from Sydney ; and the Sir
Robert Sale, 20,000 ounces from Geelong. Respecting
the wool clip, the advices appear to be favourable.
Large quantities were coming into Melbourne,
and were being rapidly shipped, but it is probable
very little will arrive here in time for the May
auctious. The quality is described as being good,
but a considerable proportion is in the grease. The
letters from the settlers in the (interior state that
labour was much more abundant, but that this
alteration did not occur in time to allow of the
wool being washed as carefully as on former occa-
sions. The Legislature were busy in passing the
Melbourne and Hobson's Bay Railway Bill, and
there is every prospect of this important under-
taking being carried out by local capitalists. The
sum of 100,0001., it is estimated, will suffice, and
large contracts for timber were already taken in
the neighbouring colonies. The railway will be
carried out upon a pier so far into the Bay as to
allow of at least 40 ships lying alongside, and trains
will run every quarter of an hour. This disposes,
we presume, of the Melbourne Dock and Railway
Company started here a short time back.

Tlie advices from the Eureka " ns" were
satisfactory, but there was not so much gold ob-
tained there as at other fields. The Creswick
gold field was also well spoken of. The last price
of gold at Geelong was 3/. 10s. 3d. per ounce. The
Union Bank of Australia was issuing bills at 6 per
cent. discount, 30 days. The labour market was
well supplied by recent arrivals, but tradesmen and
agricultural servants found ready employment.
The escort which reached Melbourne on the 9th
January brought 20,007 ounces of gold from Ben-
digo and Mount Alexander.

The Australian Cordillera Company have issued
a statement of their plans, and these appear to be
satisfactory. A few miners will be sent out to
work the quartz property leased from the Australian
Agricultural Company ; but the bulk of the labour
will be sought in the Colony, where it can be had
cheaper. Quartz breaking with machinery will be
a much better test of what_ companies can do than
mere digging for gold.
The Agua Fria Mining Company have had their
first remittance of gold delivered to them this
morning.

A dividend of 7s. 6d. in the pound has been de.
dared on the estate of Messrs. Collman and Stol•
terfoht.

There was a meeting of the Galvanised Iron
Company this day, but it was only formal, and in
compliance with the Winding-up-Act, and of no
public importance.
The meeting of the Great Indian Peninsula Rail-
way Company this day paired off very satisfactorily,
in consequence of the able and lengthy explanation
afforded by Lord Wharncliffe, as to the engineering
difficulties and commercial prospects of the under-
taking. The directors. hoped that their plan for
the extension of the line over the Ghauts would
receive the sanction of the Government of India,
in which case any further capital would be guaran-
teed at five per cent. as before. His Lordship
stated that the average cost of the line might be
taken at 8,8001. per mile, and that the inclines
over the Ghauts would not be more, difficult than
those of many of our railways. The report of the
directors was adopted unanimously.
The rates for bills of exchange on the principal
Continental cities were firm yesterday afternoon.
Paris, 90 days', was taken at 25 25 to 271: Amster-
dam, 11 18 to 181 ; Hamburgh, 13 71 to 8; and
Trieste, 11.5 to 8.

Public Securities have been very &lA, but there
is not much business doing. Consols realise 1091
to 101 for transfer, and 100} to 101 for account.
The New ai per Cents. have been meg to
Bank Stock is firm, at 226 k to 224. Indian
Stock brings 262. Exchequer Bills of June are
4s. to Ss. pm., and India Bonds 355. pm.
Foreign Securities have been very quiet. Peru-
vian Deferred have touched 682, and the scrip is 4
to 4i pm. Brfizilian New 4.h. per Cents, are 100 i.
The Swedish Loan is at I'.l dis. Dutch 2 per
Cents. have been as low as 641 to 65k. Nothing
has been done in Spanish Bonds.
In Railway Shares there is not so much doing,
the arrangement of the account being now chiefly
attended to. Prices, however, have an upward
tendency for the Great Northern, the Lancashire
and Yorkshire, Midland, and several other lines.
North-Western continue fluctuating in consequence
of the intended increase in the capital for the pur-
pose of extension. French Shares are heavier, and
the many new lines that are being sanctioned
would prove a drawback upon the position of the
old companies.

The Gold Mine Shares are steady generally, and
the Agua Fria have risenl4..
The shares of the Agricultural Company have
rallied 2/. to 3/. The British American Land also
aro better.

The Joint Stock Banks after yesterday's depres•
sion are rather looking up.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY
(From the Official List.) _

Business done

Bank Stock
3 per Cent. Reduced Annuities IOO 100
3 per Cent. Consols Annuities
New 34 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860
India Stock 262
India Bonds, £lOOO
South Sea New Annuities
Bank Stock :or Account ' 2271
Consols for Account
Exchequer Bills Iz3d. June. March
£1000.....
£5OO 8 4
Small 8 4 3
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Brazqian Bonds, s'per Cent.
Ditto Small
Ditto 5 per Cent. (Rothchild's)
Ditto New, 1852, 44 per Cent
Equador Bonds
Mexican 3 per Cent.
Peruvian Bonds, 41 par Ceut
Peruvian Scrip
Peruvian Dererred. 3 per Cent.
Portuguese Bonds, 4 per Cent.
Russian Bonds, 5 per Cent.
Ditto 44 per Cent
Sardinian Bonds, 5 peg Cent
. .....
Swedish Loan
Dividends on the above payable in London.
Belgian 44 per Cent.
Dutch Exchange, 24 per Cent. 12 Guil. 611 54

101.
1001
1001
27g
881
4
681
40

1041

. HALF-PAST TWO.
Consols.
Ditto May Account lOOB 1

OCEAN PENNY POSTAGE.—A bazaar in aid of the
funds necessary to agitate this movement was opened at
the Manchester Exchange yesterday. The goods gra-
tuitously furnished from all the large towns of the three
kingdoms are valued at 1,5001. to 2,0001., and 17 stalls
have been opened for their sale. The attendance was
very large, and money was coming in fast. Elihu Bur-
ritt was present, but Mrs. H. Beecher Stowe had been

unable to come in consequence of precarious health. The
first letter, dated Glasgow, April 15, said it would be
impossible for Mrs. Stowe to come on account of her
health ; but a subsequent note said Mrs. Stowe would,
come to Mancher if it were possible, but it must remain
ascertain.

QUARTZ ROCK MARIPOSA COMPANY.- -This Company
state, that they have been informed by their agents in
California, under date the 14th of March, that they had
received the report of the superintendent of the com-
pany, who had surveyed, tested, and assayed the quartz
of the veins at Maxwell's Creek, on the Merced River,
and had also examined all the calculations furnished by
the proprietors with regard to the profit to be derived
from working them. These calculations, it is alleged,
showed that by the crushing of 30 tons of quartz per
day there would be a net gain to the company of 4,5001.
per month, and the agents therefore had concluded the
purchase of the mines, with all the machinery, buildings,
&c., and were making arrangements for immediately
working the company's heavy machinery.
COLONIAL GOLD COMPANY.—At the annual meeting
of this company held yesterday the reports and accounts
were unanimously adopted. The report entered at
length into the origin of the undertaking, embracing the
whole proceedings from the period of obtaining the char-
ter, in March, 1852, limiting the responsibility of share-
holders to Si. per share, down to the date of the last
accounts from the colonies. The contract with the Great
Nugget Vein Company, the profit made on the purchase
of gold, the satisfactory conduct of their staff, and the
ultimate anticipations of a successful result were the
points mentioned. The remittances made on account of
the purchases of gold already showed a profit of about
8,1001., and others were shortly expected. In reply to a
question, the chairman stated that there was no intention
on the part of the directors to make a call.
CARLOW ELECTION.—The election of a representative
for the county of Carlow in Parliament, in the room of
the late Col. Bruen, took place on Monday at Carlow,
when Captain N. M'Climteck Bunbury was returned
without opposition. A. troop of dragoons and a com-
pany of the 81st Infantry were drawn up in front of the
Court-house, inside and about which a large number of
constabulary were stationed. There was not, however,
the slightest necessity for their presence, as there were
Icarcely fifty electors and non-electors assembled on the
occasion. The proceedings did not occupy more than
half an hour, and were conducted in the quietest pos-
sible manner.