The Sun.
London, England, 1853-03-25 00:00:00

enough—at least recognised the distinction between
permanent and temporary incomes. Those who
enforced the resignation of the late Government
must proceed in the same path, and make even
greater progress if they hope to retain the support
of the Fiscal and Financial Reformers, through
whose votes they obtained possession of place
and power. The country requires not men, but
measures ; and unless beneficial measures be
brought forward, the impression will be that the
present men obtained office under false pretences,
and that, there being a total failure of considera-
tion on their part, they must be restored to the
Opposition Benches with all convenient speed.
Let them take warning by the bungling of Sir
CHARLES WOOD on the same subject, and the con-
sequences thereof to the RUSSELL Cabinet, and
take care that such a financial scheme be intro-
duced as will avert such injurious results to the
present Joint-Stock Administration.

When we go to look at a happy family, we do
not expect to find all the creatures equally viva-
cious at the same hour. Early in the morning,
the lark and linnet, and the saucy sparrow, will
be all animation ; at mid-day we are sure to find
the owl and the fox rather dozzy, and the rat
in a corner ; but at evening we shall see Rey-
nard and the bird of wisdom all alive. Some of
the members seem, perhaps, to maintain a uni-
form medium, degree of vivacity, but most have
their seasons. And so it seems to be with Happy
Cabinets. The discussion of broad principles of Colo-
nial Policy—of bold and uncompromising measures
of Religious Equality—furnish occasions for Lord
JOHN RUSSELL and Sir W. Mor.v.swoßTH to rea-
son and illustrate, and declaim with vigour,
while the higher Churchmen of the Family do
little more than show they are alive. But their
turn comes. The Archbishop of CANTERBURY,.
and the Lords Spiritual, and the Lords Temporal,
who use their spiritual Lordships in their earthly
warfare, have to be propitiated, and then the
GLADSTONES and the NEWCASTLES are as lively as
the morning sparrow, while the RUSSELLS and
MOLESWORTHS are silent, or but half open their
eyes. Such was the case at least, according to
the testimony of an unexceptionable eye-witness
on Friday night, when the clause which
was the pith and marrow of the Cana-
dian Clergy Reserves Bill was to be sacri-
ficed to Episcopal pride and greed. It was
one-third of the clauses, for there were but
three of them ; but it was more than one-half of
the bill. The technicalities of the case are so per-
plexing that there is no small doubt how the bill
will work without it, but of the intention of the
GLADSTONE party there can be no manner of doubt.
As Mr. BRIGHT clearly put it, in the Act of 1840
there were two guarantees for payments to the
Episcopal clergy—one the proceeds of the Clergy
Reserves ; the other, the Consolidated Fund of
this country. In the event of the Reserves pro-
ceeds falling below 7,700/. for the Church
of England, and 1,5801. for the Church of
Scotland, Lord JOHN, much against his will
in 1840, consented to guarantee that amount
as a charge on our revenues at home. By the
third clause of the Bill now before Parliament,
this guarantee was to have been abolished ; the
simple effect being, that, if Canadians in future
years chose to withdraw State support from all
sects, this country would be indisputably clear of
all responsibility for the 9,2801. The Govern-
ment now proposes to withdraw this exonerating
clause. It wishes to pay this pepper-corn rent to
hierarchical assumptions. Instead of making
a clean sweep of the whole business, its miserable
remnants are to flutter about the English
Exchequer, and in some time to come we
are to have anti-Canadian-grant motions, to
vary the monotony of anti-Maynooth-grant mo-
tions. We deeply deplore the pitiful course now
taken. It had given us unqualified pleasure to
be able to commend without qualification the Go-
vernment course on this question, and we propor-
tionably regret being compelled to censure
severely this perverse cancelling of all that ren-
dered the measure a noble and thoroughgoing one.
It now descends, like the Act of 1840, to the
category of make-shifts.

It was a cruel arrangement by which it fell to
Lord JoHN's lot to lift up the knife to slay his son.
Mr. MALL and many guardian angels immediately
besought him to stay his hand, but in vain. He re-
peated the stroke, and gained, as might be expected,
a considerable majority ; 68 in a house of 284.
Mr. DISRAELI, in a short but telling speech,
chastised the CHANCELLOR of the EXCHEQUER in
his very best style of irony and scarcasm ; he had
not forgotten the Budget speech of the latter.
Mr. GLADSTONE, he observed, had informed them
that the Bill had been prepared after due and
mature deliberation. Well, it consisted of three
clauses, and now the most important of the three
was withdrawn. (Cheers and laughter from the
Opposition.) The first clause also was to be
altered ; the second consisted of a parenthesis,
and the last was omitted ! Then Mr. GLADSTONE
told thein that the guarantee matter should
be settled at home, and in the next breath that
they had written to the colony about it ! He
much wished to hear Sir W. MOLESWORTH'S opinion,
although it might seem a little discourteous to ap-
peal to the First Commissioner of the Board of
Works on a Colonial question. Had he given his
complete adhesion to the present policy of the Go-
vernment ? He could only account for the nume-
rous incompatible statements of the evening, by
supposing that the Government had changed its
policy. Mr. ADDERLEY appealed to those who,
like himself, wished the Church of England to
flourish in Canada, whether it was for the into-.
rests of that Church that we should put it in such
an odious position for '7,700/. a-year ; and also
noticed the absurdity of givingup the Reserve Fund
to the Canadian Parliament but not this guarantee
of a minimum. Mr. MIALL consoled those who trem-
bled at Voluntaryism in Canada with its splendid re-
sults in the United States hard by, that it had pro-
vided church accommodation for 2,000,000
more than the actual population ; had created
17,283,327/. of church property, and raised an-
nually more than 3,000,0001. for religious pur-
poses. Mr. HUB told them that they were
about to part with the property on which the
original guarantee was given, and -yet retain the
guarantee. Mr. BRIGHT characterised it as the
most impuden.tt.,.. thing ever proposed that the
people of this country, who were Rot in half so
good a condition as the people of Canada, should
support the churches of that flourishing colony ;
but all to no purpose. When Lord JonN means to
throw overboard any thing good, arguments and
sarcasms, money considerations and wit are alike
thrown away upon him. Did his Lordship not
understand the subject it might be less annoying,
but no one gives 4terance to general views more
fair, honest, and generous than he does. As was
well observed in the debate, his original concep-
tions are often fair and honest enough, but some-
how he wants strength to grapple with them when
he brings them before the House of Commons,
and especially before the House of Lords. Were
Lord JonN but true to himself, had he but
faith in the certainty of being enabled iby
the country to carry the measures he
knows to be just, noble, and worthy of
the people's acceptance, he need not have been
now occupying a subordinate position in the Go-
vernment. Lord Join has discernment to see
strongly the course that would immortalise him as
th
at Statesman, but he has not the heart, even in
the cause a what he believes to be justice and
1"11 policy,
But
the and
oato head the country against the aris-
tocracy
s mischiefs now begin to
peep out. Lord Jo
nx is not accountable for all.
Last Friday's work was task work to him. As
Mr. BRIGHT observed, the tameness of his
speech, compared with the life and animation of
Mr. GLADSTONE's, showed which was at home.
This mutilation of the Bill is one of the first, we
fear, of a long series of coalition compromises ;
they will probably manage better in +future than
to let them come before the public ; but compro-
mises there must be. The consequence will follow
that the legislation of the strong Government w ,
be the seeds of interminable disputes for the future.
So it has always been. A compromise clause in a
treaty desolated Germany with the 30 years' -war ;
a compromise Liturgy and Articles have divided the I

Church of England into two embittered parties.
The comproMise Fugitive Slave Law in America
is pregnant with the separation of the North from
the South, and this compromise of guaranteeing
some 10,0001. a year on nothing, to the clergy of
two sects in Canada, will raise up a most unap-
peasable strife on this side the water, if ever one
shilling should be demanded in consequence.
The happiness of the family must be purchased
by the'quarrels of futurity.

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

This being a strict holiday here, there is no busi-
ness doing in the Stock Exchange and the Banks,
&c., are closed.
In the Colonial Produce Markets this week,
there has been a moderate business transacted.
Some descriptions of sugar have ruled a little in
favour of buyers, but coffee has been in brisk de-
mand at high prices. Not much has been done in
rice, and spices have had a fair sale ; tallow has
been firmer, tea rather dearer, and cotton in more
request. Saltpetre has been rather dull.
The following review of the produce markets for
transmission by the Overland Mail, is furnished by
Messrs. H. W. Jewesbury and Co.
" The chief feature in the foreign and colonial pro-
duce markets since the date of our last, on the 24th ult.,
has been one of considerable dullness, until within the
last week, since when an increased inquiry has sprung
up for several of the leading articles, and a large busi-
ness has been done at advanced rates. The arrivals
have been large, but importers have only supplied the
markets sparingly, with the exception of sugar, conse-
quently even at that period when dullness most pre-
vailed, prices continued firm, and since the favourable
turn in our markets a very large amount of transactions
have taken place, principally by private contract. The
deliveries from the warehouses continue upon the same
large and satisfactory scale as noticed for some time
past, the abundance of employment in the manufactur-
ing districts, and indeed throughout the country gene-
rally, added to a good inquiry for export, affords every
prospect that prices will be well supported for some time
to come, should the political affairs of the Continent
continue favourable.

" Dyes and dyeing materials have been in increased
demand, and prices are higher for indigo and cochineal,
and also for dyewoods generally ; the Continental pro-
duce markets continue firm, and have an upward tend-
ency. The late accounts from India 'and China are not
very encouraging for imports, consequently there has
been less demand in our manufacturing districts for
goods suitable for those markets, but for the home trade
a good average business is doing, particularly in the
woollen districts, where the stocks of manufactured
goods continue very light. There has been an increased
demand for money, and rates are rather higher; wenow
quote first class paper of short date 3 to 31, other bills
and securities 31 to 5, and money on call 21 per cent."
Bills of exchange upon the principal cities of the
Continent were negotiated yesterday at the follow-
ing rates :—Paris 25 27i to 30, Amsterdam 11 185
to 19, Hamburgh 13 81 to 5, and Trieste 11 3 to 6,
being firm except on the last-named place.
The Devon Great Consols Mining Company have
declared a dividend of 121. per share, from the sale
of ores sampled in November and December.

HER MAJESY'S THEATRE.—The question about this
establishment is now definitively settled. Mr. Frederick
Gye, director in chief of the Royal Italian Opera, has
become the lessee.—Times.

THE EXCISE OFFICE. —An act of Parliament has just
been printed (16 Vic., cap. 8), to enable the Commis-
sioners of Inland Revenue to dispose of the Excise-office
in the city of Lordon.
ACTS OF PAR.VA TIENT.—OnIy fifteen public acts of
Parliament have been passed in the present session,
which assembled in November, and after a short sitting
adjourned to the beginning of last month. -
The creditors of the late firms of Spence, Cockrane,
and Co., and Spence and Co., which suspended in 1846,
were convened at Liverpool yesterday to receive from
Mr. James Spence payment in full of all the amounts
due to them, although their claims had legally expired.
The total amount was 18,4771., and resolutions were
passed and a committee appointed to present Mr. Spence
with a testimonial.

ARRIVAL OF THE TAGUS.—The Oriental Company's
steam-packet Tagus, Captain J. K. Joy, arrived at
Southampton yesterday, and landed her mails under the
charge of Lieutenant O'Reilly, R.N., Admiralty Agent.
Her dates are—Gibraltar, March 14; Cadiz, 15 ; Lisbon,
19 ; Oporto and Vigo, 20. Her cargo consists of-7
packages of specie, 1,138 half-chests of oranges, 94 casks
of dates, 24 packages of drugs, 36 packages of gum, 5
cases of saffron, 14 cases of wine, 32 boxes of eggs, and
22 packages of sundries. Her Majesty's ships Furious
and Antelope were at Gibraltar, and Inflexible at Lisbon.
EASTER EXCURSION TRAINS.-This morning an im-
mense number of persons availed themselves of the
opportunity afforded by the directors of the various rail-
ways to proceed into the country and spend a few days,
the double-journey tickets taken to-day, to-morrow, and
Sunday, being available for their return on Monday.
On the Great Western line the passengers were so nume-
rous that additional carriages had to be attached to the
train, and many who were not aware that the conveyances
were limited to the same number as run on Sundays (with
the exception of the up and down mid-day mails) had to
wait until the afternoon.

NEW COAL COMPANY.— The prospectus has been issued
of the Great Western and Forest of Dean Deep-Coal
Company, with a capital of 120,0001. in 11. shares.
The coal of the seams to be worked is in demand in the
district, but extensive operations have hitherto been
prevented by an absence of the railway facilities that
now exist for its conveyance. The mines are to be
worked at a royalty of Is. per ton, half of which is to be
commuted by a certain amount of shares.
ORIENTAL BANK.—At the meeting of the Oriental
Bank, held yesterday, a dividend at the rate of 15 per
cent. per annum was announced for the half-year ending
December last, payable on the 31st of March, free of
income tax. It was explained by the chairman (Mr. H. H.
Gordon) that the affairs of the bank are in a satisfactory
position. In consequence of the great increase of busi-
ness, especially in connection with exchange operations
between India, China, and Australia, the directors have
been compelled to open an agency in the colonies, and
they have selected Melbourne, Victoria. A competent
staff has been dispatched, and it is expected in a short
period the branch will be in full and successful operation.
Under these circumstances it is proposed to increase the
capital of the bank by the issue of 3,600 shares, bearing
a premium of 20 per cent., the 251. share representing
301. With the view of giving the shareholders time to
arrange the proportion of their shares, in order to parti-
cipate in the benefit of this arrangement, transfers will
be available up to the 31st inst: It was stated in answer
to questions that the directors possess the necessary
authority to extend their business to Australia, and that
they maintain as hitherto friendly relations with the
Union Bank of Australia.

SALE OF MR. LUMLEY'S EFFECTS AT THE " CHAN-
CELLOR'S," HAMMERSMITH.—The sale of the costly effects
of Mr. Lumley, late lessee of her Majesty's. Theatre, at
the "Chancellor's," Hammersmith, has just been com-
pleted by the auctioneers, Messrs. Chinnock. The pro-
perty possessed some interest, as it included articles of a
recherche character, amongst which may be mentioned
the original bust of Jenny Lind from the crush-room of
her Majesty's Theatre, where, during the season of 1849
and 1850, it excited great notice, both as a work of art
and faithful representation of the Nightingale. It was
bought in at the sale. Some paintings and drawings,
including works by George Cruikshank and Count
D'Orsay, found ready purchasers, although at low bid-
dings. A water-colour drawing of the Pas de Quatre,
with groupings of the most celebrated danseuses—Tag-
lioni Cerito, Lucille Grahn, Carlotta Grisi, &c., was
Docked down at 401. 1,0001. might cover the total
produced by all the principal articles in the sale, includ-
ing the wines and furniture.
ROYAL SEA-BATHING INFlRMARY.—Yesterday the half-
yearly court of governors was held at the'London Tavern;
Mr. Warre in the chair. The minutes of proceedings
since the last half-yearly court were read and confirmed,
including the new rules (with the exception of Rule 4),
which were agreed upon at the extraordinary general
court held last week. The only other business transacted
consisted in the appointment of the president, vice-presi-
dents' directors, and officers for the ensuing year. Mr.
Pugh, the Rev. Dr. Russell, Mr. Baker, Mr. F. W.
Cobb, and Sir B. Brydges were added to the list of vice-
presidents. Of the old list of directors ten were unani-
mously re-elected, on the motion of the Mr. Hodgson.
Mr. Waller then proposed that Mr. Alsager, Mr. Couch-
man, Mr. I. Curling, Mr. Paul, and Mr. Rowsell be the
remaining five ; on which the Rev. Mr. Hodgson pro-
posed the following names instead : Mr. Tidd Pratt,
Mr. W. R. White, Mr. Skeene, Mr. R. A. Heath, and
Mr. T. L. Donaldson. The latter list was elected by a
majority of 33 to 14. The old auditors were reappointed.
Mr. White gave notice of motion, for confirmation by the
next general court, to the effect that in future the gover-
nors be allowed to vote by proxy. The Rev. Mr. Cur-
ling and Mr. J. Curling protested against th• proposi-
tion as a dangerous innovation. Several of the gover-
nors having expressed a hope that the proceedings of the
charity would in future be conducted with greater har-
mony than was heretofore the case, the meeting ad-
journed.

PROSECUTION OP UNSTAMPED NEWSPAPERS. - Last
night a public meeting was held in the National
Holborn, Mr. J. Watson in the chair, to express an
opinion on the recent prosecution of Mr. Truelove by
the Stamp-office, for vending an unstamped newspaper
called the Potteries Free Press, Mr. Collett addressed
the meeting at considerable length, contending that the
prosecution was unjust, because one-sided ; for whilst
the poor man's penny paper was pounced upon, the high-
priced unstamped papers, such as the A thenceum, Builder,
Legal Tines and Observer, Racing Times, Journal of the
Society of Arts, Dickens's Household Words, and other
unstamped publications as much within the description
of a newspaper as the Potteries Free Press, were per-
mitted to go unscathed. He concluded by moving a
resolution condemning the revival of the prosecutions of
the vendors of cheap publications, as contrary to the
expressed wish of Government for the spread of know-
ledge and education amongst the people. Mr. Wilks
seconded the resolution, which was carried unanimously.
On the motion of Mr. Finlon, a " Free Press Union "
was formed, to agitate for the repeal of the newspaper
stamp, and until that was accomplished to force the
Government officials to prosecute the high as well as
the low priced unstamped publications. The meeting
having adopted a petition. to Parliament for the repeal
of the duty on paper, the newspaper stamps .and adver-
tisement duties passed a vote of thanks to the chairman ,
and separated.