The Sun.
London, England, 1838-04-07 00:00:00

Tlll,O SUN, LONDON, gArtifIDAY, APltitA 7, 1838.

MONEY and COMMERCTi7ja-I'.

.
(Prom the Morning Papers of this day—Saturday.)
MORNING r=.__._ . . _

•
• ------ ne (tendency in the retorintita
;mown in the olTicfal Taltrils reit' citidrttN WI not Produced
the slightest uneasiness in the City, but, Bti the contrary, the
English Stock-market contitittes very hit-hi and Consols have
undergone a father ifiipiol,ellt«ot. thb lust trtotation.for mo-
ney and the loth instant being 93-,1 to 1, and 921 to for the
May Account. -Exchequer Bills have also recovered the de-
pression they sustained yesterday, and are again quoted at
645. to 665. premium.

The market for Railway Shares does not furnish any matter
for comment, the prices being almost all the same as yester-
day, and business not important. The shares in the British
Iron Company have advanced 21., the last price being 16 to
17 per share. The shares of the Asphalt° de Seyssel were
last marked at 14 to 16 prem.

ikloeNiNo Posr.—The anticipations of those who were san-
guine enough to believe that the falling off in the revenue for
the quarter justcd ended had been greatly over-estimated have
not been realised. The returns just published show that the
receipts at the Treasury have again diminished to the extent of
near two millions per annum, and unfortunately the present is
a state of things, the termination of which appears to be
almost as distant as ever. The intelligence received this
morning from Canada was, it is true, of a favourable com-
plexion. The civil war in that country has been so far
suppressed as to render any future attempts on the part of
the insurgents to overthrow the established Government
improbable, and much of the expense about to be in-
curred by the mother country will, it is to be hoped, be
avoided. The stock markets felt the influence of this
intelligence in rather a sensible degree, as will be shown
by our quotations. The Public Securities, instead of declining
in consequence of the continued falling off in the national re-
sources, have experienced an advance of R per cent.--a change
that could not very well have occurred but for the intervention
of some counteracting circumstances. The advices from the
United States, which arc a week later than those previously
received, have perhaps contributed in a trifling degree to give
confidence to the moneyed interest, as they hold out a promise
of an almost immediate improvement in the commercial affairs
of that part of the world. Goods were arriving from England
in larger quantities than they had done for many months prior
to the sailing of the packet, and it was considered certain
that the demand for them must in the course of a very short
time become general. The banks at New York and in other
parts of the State would, we are assured, resume the pay-
ment of their notes in specie on the 10th of the ensuing
month of May, as originally arranged, whatever might beb
determined upon in the neighbouring districts. The merchants
were anticipating the most important results from this step,
and they continued to have the greatest confidence in the
practicability of the measure. United States Bank Stock is
dq
eu
lopt
he
ida
et o
exchange fgvnrnooosuammtrwi
tNoleihfareeelpwfapsopealrlrermlorionrefrkgre,l at nta,t4dc2a.:49,lcohlea:dtl:
exclusivef
advancedr4o. m,SP ehaicl
otha
to
preen.l:iees acne
cent.
evri Sovereigns
rgefeai
wh2ich itcoBhl3gli
h this
ssiedeacolvf iteleles cannotAtlailti
Atlantic.
foil
It
to
she:
mv viewed
trso'e-dbe
• prem., or about
satis-
factioncharges.
cer-
tain, however, that the Sub-Treasury Bill would pass the
withpret
pretty
Senate. Very late letters had reached New York from
Europe. The London line-ship Ontario, which •
sailed from
Portsmouth on the 10th of February,• h
it with of much
interest, was just entering her port as the outward-bounr
packet came away.
Mr A-

-ORNING _DVERTISER —The falling off in the receipts 0,
the revenue having being according to the official statement
rather less than was anticipated, the Funds have exhibited a
considerable degree of firmness to-day. Consols both for
Money and Account have advanced to 93i, the closing quota-
tion this afternoon being merely a fraction lower. The Fo-
reign exchanges have been rather lower to-day. The anti-
cipated increase in the amount of money in circulation arising
from the payment of the quarterly dividends has improved the
demand for most description of Stock.

TIMES.—The current opinion in the City on the subject
of the quarterly return of the revenue is, that Mr. Spring
Rice is in a much worse situation than he himself has any con-
ception of. In general, within a few months after a crisis,
such as that which was encountered in the Spring of last year
by the trading interest, signs appear of such a resumption of
activity as is the invariable forerunner of a return to a healthy
and prosperous state of commerce, and when that is the case
the revenue is sure to be benefitted in the ratio of the previous
depression, but there is not at present the least appearance of
this kind. All prudent men are as cautious and distrustful
of new engagements as if the panic still raged with its
utmost violence and the rate of interest was as high as
in May and June last. The deficiency in the- quar-
terly return does not occur on the comparison with a pros-
perous quarter, but with one which was also deficient, so that
the decline is a continued one, and in a most alarming pro-
portion, the decrease in April, 1837, being 60,0001., which
is now 492,0001. Along with this adverse state of the in-
come of the country, it is to be borne in mind that the expen-
diture is certain to be very largely increased, so that there is,
as it were, a combination of causes at work to increase the
difficulty of making " both ends meet." With a Chancellor
of the Exchequer of large and capacious views, had we the
good fortune to possess one, this difficulty would be overcome
without deranging any other part of the system ; but Mr.
Spring Rice, who is a man of petty expedients, betakes him-
self to tampering with the currency as a remedy, and in the
attempt to cure one evil actually inflicts another upon the 1
whole community. If anything could save us from the
fever of speculation which now rages in Paris, and
threatens results as signally mischievous as those
which followed the Mississippi scheme, it would be
that Government might take every fair opportunity of
raising the money that may be wanted from the public, in-
stead of drawing upon his credit and compromising himself
with the Bank of England, with which he ought, especially
at this time, to shun all obligation. The first method would
at once restore the Money Market to a healthy state ; the
other, by bringing out a deluge of
paper, unconnected with
any mercantile demand, paralyzes it utterly, and deranges all
the transactions between man and man.
A slight improvement is visible in Stocks to-day. The
last quotations of Consols were 933- to 931 for both Money and
Account. Bank Stock was 9003- to 9103-; India Stock, 2663-
to 2671 for the opening ; Exchequer Bills, 655. to 665. ;
India Bonds, 70s. premium.
Exertions were made to follow up the recent re-action in
Dutch Stocks, and the Two-and-a-Half per Cents, were
pushed up to 54 buyers at one time, but finally closed the
same as yesterday, 531 to 54 ; the Five per Cents. 99i to 991.

MORNING HERALD.--The accounts from Canada have
created considerable satisfaction to-day, so far as regards po-
litical events, but the commercial letters with which we have
been favoured, give but a melancholy picture of the state of
trade in those important provinces.
Our commercial interests arc by no means satisfied with the
mercantile information which has been received this day from
the United States, which, so far as we can ascertain, has not
improved since the date of the previous accounts. The posi-
tive determination of the New York city banks to resume
specie payments on the 16th of May, has not a little tended to
create much anxiety amongst that portion of our commercial
interests more immediately connected with the United States,
which will require some time and better assurance to dispel.
At New York, the Exchange ruled at 71 a 8 premium, and
United States Bank Shares at 1151 a 116. From some in-
fluential sources we arc enabled to mention that it is sup-
posed that. the Sub-Treasury Bill will eventually pass ; but
it is apprehended that its influence will be extremely noxious
to the commercial prospects of the United States, inasmuch
as it grants to the Government the privilege of a paper cur-
rency, whilst the people are to be saddled with a metallic
currency.
There is no alteration in the character of the Commercial
Money Market, and, though money is to be well employed,
bills with good names may be done at 3 per cent. In the
foreign exchanges we have had but very little business, and
st e
jt,
mr act
ne
tss continueu
fraaetthuer re
da gg aoiondsst c
lhave r
ao
tuhnetrr yi,n
carletahsoeudg. h
Thisth
anomaly can only be accounted for by the fact, that lately there
have been more dealings in Foreign Securities and Shares.
On Paris the rates rule at 25f. 771 c. to 25f. 821 c. ; on Am-
sterdam, at 12-4 s a 12-5 ; on Rotterdam, at 12-41 a 12.51 ;
and on Hamburg, at 13 13.
The increasing disposition for investment. in the British
Securities, to which we referred last evening, has been more
strongly manifested this day on the English Stock Exchange,
and, in consequence, Consols have advanced in value, al-
though the public revenue has shown strong symptoms of
being on the wane.

PARLIAMENTARY DI VISION.

SLAVERY ABOLITION ACT AMENDMENT
BILL.

NOES, 115.
I Lascelles, Hon. W. S.—Wakefield
Lefevre, C. Shaw—North Hants
Lynch, A. H.—Galway
Mackenzie, Thomas—Rost.shire
M.Leod, R.—lnverness
Mule, Hen. Fox—Elgin Burghs
Morpeth, Lord—Yorkshire
Murray, Right Hon. J. A.—Leith
Northland, Viscount—Dungannon
OTerrall, Richard M.—Kildare
Ord, W.—Newcastle-upon-Tyne
Paget, Lord Alfred—Lichfield
Pakington, J. S.—Droitwich
Palmerston, Viscount—Tiverton
Parker, John—Sheffield
Patten, J. Wilson—Lancashire
Peel, Right Hon. sir R.—Tamworth
Philips, Mark—Manchestor
Plumptre, John P.—East Kent
Power, James—Wexford Co.
Price, Sir R.—Herefordshire
Reid, Sir J. Rae—Dover
Rice, Right Hon. T. S.—Cambridge
Rolfe, Sir R. M.—Penrhyn
Rose, Sir George—Christchurch
Round, C. G.—Essex
Russell, Lord John—Stroud
Sandon, Lord—Liverpool
Seymour, Lord—Totness
Sharpe, General—Dumfries
Sheppard, Thomas—Fume
Smith, Abel—Hertfordshire
Smith, R. Vernon—Northampton
Somerset, Lord G.—Monmouthshire
Spencer, Hon. F.—Midhurst
Stanley, Lord—North Lancashire
Stewart, John—Lymington
Strutt, Edward—Derby
Stuart, Lord J.—Ayr
Talbot, C. R. M.—Glamorganshirc
Tattered, lie W.—Banbury
Thomson, Right Hon. C. P.—Man-

MAJORITY-
Aclanti, T. D.—West Somerset
Adam, Rear-Adm. Sir C.—Clack.
inannan
Ainsworth, P.—Bolton
Arbuthnot, Gen.—Kincardineshire
Ashley, Lord—Dorsetsbire
Raillie, H. D.—Honiton
Bannerman, A.—Aberdeen
Baring, F. Thornhill—Portsmouth
Barron, H. W.—Waterford City
Benett, J.—South Wiltshire
Blackburne, I. J.—Warrington
Blair, J. Wigtoushire
Blake, V.J.—Newport
Bramston, T. W.—Essex South
Broadley, Henry—East Yorkshire
E.—North Staffordshire
Callaghan, D.—Cork City
Campbell, Sir John—Edinburgh
Cavendish, I-lon. C.—East Sussex
Cavendish, Hon. G. H.—N. Derby
Clements,.Visc.—Leitrim Co.

Clive, it.n. South Shropshire
Conolly, Edward M.—Donegal

Dalmeiy, Lord—Stirling -
Dundas, Frederick—Orkney"
Dundas, Hon. T.—Richmond
East, James Buller—Winchester
Eliot, Hon. J. E.—Roxburghshire
t.
F}FE:
ce: I I irizikacoukew:eserosCl
,neay,lE
Ed
Right w.—Huntingdonshire
inre:t.tv h
ießgbcdo i
e
h
i k
eudbright
Rimer, Sir E.—West Kent
Fitzgibbon, Hon. R.—Limerick Co.
Fitzsiinon, Nicholas—King's Co.
Fremantle, Sir Thomas —Bucks
Gladstone, W.E.—Newark.on.Trent
Gordon, Hon. W.—Aberdeenshire
Gordon, Robert—Windsor
Goulburn, Right Hon. H.—Cam-
bridge University
Graham, Sir James—Pembroke
Grattan, James—Wicklow Co.
Greene, Thomas—Lancaster
Flawkins, J. H.—Newport, I. Wight
Hayter, W. G.—Wells
Hebhouse Right Hon. Sir J. Cam,
Nottingham
Hodgson, Rd.—Berwiek.on-Tweed
Holmes, W.—Berwick.onTweed
Howard, F. J.—Youghall
Howard, P. H.—Carlisle
Howard) IL—Wicklow Co.
Howick, Vi3C.—North umberland
Hurt, Francis—South Derby
Hutton, Itobert—Dublin
Inglis, Sir R. H.—Oxford University
Kemble, H.—West Surrey
K ilk, I'eter—Carrickfergus
Labouchere, Right Hon. Henry—
Taunton
GA

chester—
Troubridge, Sir T. E.—Sandwich
Vere, Sir C. B.—East Suffolk
Verney, Sir H.—Buckingham
Vivian, Major Charles--Bodmin
,Vivian, Sir R. H.—East Cornwall
Walker, ft.—Bury, Lancashire
Wall, . Baring—Guildford
Westenra, Hon. H. R.—Monaghan
White, Lieut -Col. Saml.—Leitrim
Wilbraham, George—Cheshire
Wilbraham, Hon. R. B.—Lanca.

shire
Wodehouse, Edmund—Norfolk
Wood, Charles—Halifax
Wrightson, W. B.—Northallerton
IYates, J. Ashton .Carlow

TELLERS.
Grey, Sir George—Devonport
Steuart, Robert—iladdington

RDENING OPERATIONS FOR
THE WEEK.

(From the Gardeners' Gazette.)
Protect the bloom of Wall Trees. This may be done wel
upon the plan suggested by .14r. Langelier, in a former num-
ber ; or with old netting or bunting, to be only removed when
the weather ix fine.

This, though in crdinary years late, is this season an excel-
lent time for grafting all sorts of Plums, Pears, Apples, Cher-
ries, &c., and even ornamental trees and shrubs.
Rosss, as we have heard from all quarters, have suffered
greatly. We recommend that all the stocks or briars, of
which the heads have perished, should be carefully grafted ;
for if the grafts take—and many of them will—a whole season
will be saved, while such as miss are just as good for budding
at the proper season. A very small piece of wood of the
China kinds, most of which, except such as were in pots, have
perished, will, if carefully inserted, make good growth, bloom
immediately, and form a good head.
Earth up Peas and Beans ; hoe Onions and Turnips ; weed
every thing; thin out spinage.
Planting Trees of all kinds must be promptly finished,
especially as many places in the shrubberies must be made good.
Fruit Trees grafted or budded last year, must be cut down
to three or four eyes, unless they are for standards, and are
worked near the ground, in which case they must be allowed
to shoot up, and all the side shoots must be cut off close.
Cuttings of Shrubs and Trees, usually propagated that way,
should be planted. Let them be of the last year's growth.
Seeds and berries should be sown, young seedlings planted out
in nursery rows, &c.
Dig all vacant ground.
Sow Seeds of all kinds for successive crops ; Turnips,
Onions, Raddish, Cabbage of all kinds, Leeks, Beet-root,
Brocoli, &c.
Always look back at the last few weeks' operations, and 1
observe if any thing be neglected. It may be too late to do
some of the things well ; but, " better late than never."

The May and June shows of the-Royal Society are to be
held, by special desire, at Cremorne House, King's-road, the
grounds of which are admirably calculated for a splendid dis-
play. The 19th of. May, therefore, and the 19th June, be-
come notable days in the memorandum-books of the Nobility,
scarcely any of whom are expected to be absent. The May
show, originally intended to be held at Worton, being thus
removed to Chelsea, the exhibition at Norton will be an extra
one, held on the day best suited to the tulip bloom ; and the
admission will be confined to the Patrons of the Society.

There has been a ;very prevalent rumour for some
days, that Lord Abinger has expressed a disposition to resign
his office of Lord Chief Baron of the Exchequer, in favour of
his son-in-law, the Attorney_ General
we are glad to be able to state that a reprieve has
been forwarded from the Home-office in behalf of Richard
Standing, the convict, who had been ordered for execution
this day at Horsham, and whose case was brought under
public notice through our columns. This new instance of
Victoria's clemency, for we attribute the success of the
other laws than those of blood. The reprieved
appli-
cations for mercy to the Queen's humane interposition, affords
another proof of the determination of her Majesty to govern
society—his death could not.—llforning Herald.
April 4.—Arrived the Alonzo her people by
the British convict will be transported for life. His life may yet be of
Legion,
under o
Thursday last.
Go-
vernment
s° ct
jieT
transportilh
efrohmad oPnasis)oagare(si,2lsN6bicoifi
Captain Wright, of the
under charge of loth regiment. The
men arc in a state of destitution, bein,g provided only with
titulo papers, which they are wMing to dispose of at any price.
be landed at this place, to seek their different
They are to
homes on foot, and will no doubt be as troublesome to the
western counties as their predecessors. An instance of deter-
mined self-destruction occurred at Passages, while the Alonzo
was at anchor there. One of the Legion, named Gray, a
clerk in the 4th regiment, said to be respectably connected in
was
London,
deprived of his titnlo papers for some breach of
military duty, and also mulcted of his rations. When stand-
ie., by the galley fire, he bade his comrades farewell, and
leaped overboard. lie rose twice, with his arms firmly folded
across his breast, and although a rope was thrown to him from
the ship, and a seaman dropped from the Comet steamer to
assist him, he resolutely refused all help, and was drowned.
It.is said he was ashamed to meet his friends in England.
DUEL.—Yesterday morning, between five and six
o'clock, a hostile meeting took place in a field near Jack
Straw's Castle, Hampstead, between Captain B--n and R.
P. F—p--n, Esq. The rendezvous was originally fixed
at Bayswater, but the parties having cause to fear an interrup-
tion, the place of meeting was changed to Hampstead, to
which place the parties, accompanied by their seconds, pro-
ceeded on the previous night. The parties were placed at
twelve paces, and fired two shots each without effect. The
seconds then interposed, but failed in effecting a reconcilia-
tion, and it was then agreed that the gentlemen should have
the option of advancing to within eight paces previous to fir-
ing. Captain B. then advanced two steps towards his oppo-
nent and fired, when the shot took effect in the neck of Mr.
F., who immediately fell, and his pistol exploding at the in-
stant, the ball narrowly missed taking effect on the second of
Captain B.
passing within an inch of his head. Mr. F.'s
wound was pronounced not to be of a dangerous nature, and
the parties immediately proceeded to town. The cause of
dispute was a sporting bet. The Captain had refused to pay,
in consequence of which he had been posted by Mr. F. as a
blackleg. "__J Advertiser.
The inventive genius of James Perry and Co. ap-
pears to have no end ; patent succeeds patent, and we scarcely
sit down to our desk with the pleasing certainty that we have
obtained the very climax of perfection in Perryan Pens, when
we are again astonished with some new result, from their ac-
tive brain. Again, however, they claim our attention, by
their patent fur the Elastic Pen Holder, which gives to
writing what steam gives to travelling, ease and expedition,
in spite of every obstacle.
DEVIZES EL EcTioN VlCTORY.—Speaking of the
victory recently gained by the Reformers of Devizes in the
return of Captain Dundas, the Wiltshire Independent says,
that instead of a majority of 7, the Captain would have beaten
Mr. Heneage by 21, " if fair play only had been used ;" and
if the votes had been taken by ballot, the Liberal candidate's
majority would not have been merely 21, but 40 ; for many,
very many, persons wholpromised and voted for Mr. Heneage,
as well as others, who remained neutral contrary to their own
convictions The authority we have quoted above avers that
intimidation and bribery were never more extensively and effi-
ciently tried than at this election. There were also, he states,
some instances of kidnapping.

(Prom the Votes anti Proceedings of the House of Commons.)
tnIIMY, Alttit 6.
(In dofaimiile.6sClaiise, " That in the Island of Jamaica no
predial apprenticed taingifef, +776iflei littActed or not to the soil,
continue contin in
up;
apprenticeship lie:, Onti the ist day of August
next," brought iip;,iind. read;—Motion made and Question put,
" That the Clause lie rei.l.d a 106nd time: —The House divided ; '—
MlNOliitf-Air.PSi 61.
Aglionby, 11. A.—Cockermouth Lushingt.o!l; Di,—Tywgr Haml.
Archbald, Robert—Kildare Martin, John—V.l.ltUebtily
Attwood, M.—Whitehaveit Matthew. G. B.—Shaftesbiii7.
Baines, Edward—Leeds Monypenny, T. G.—Rye
Barnard, E. G.—Greenwich Morris, D.—Carmarthen
Blennerhassett, A.—Kerry Muskett, George A.—St. Alban's
Blunt, Sir Charles—Lewes O'Brien, W. S.—Limerick Co.
Briscoe, J. I.— Werbury O'Connell, Daniel—Dublin
Brownrigg, .1. S.—Boston O'Connell, John—Athlone
Bryan, Maj. Geo.—Kilkenny Co. Pattison, James—London
Cayley, E. S.—N. Yorkshire Itcdington, T. N.—Dundalk
Dashwood, G. H.—Wycombe Rice, E.lward Royd—Dover
Denison, W. J.—West Sussex Salwey, Lieut.-Col.—Ludlow
Denistoun, J.—Glasgow Sanford, E. A.—Somersetshire
Duke, Sir James—Boston Scholefield, .I.—Birmingham
Dungannon, Lord —Durham Somerville, Sir M. W.—Drogheda
Easthope, J.—Leicestrr Stansfield, W. R. C.—Huddersfield
Eaton, R. J.—Cambridgeshire Style, Sir Charles—Scarborough
Evans, William—North Derby Thornley, Thos.—Wolverhampton
Forester, Hon. G.—Wenlock Turner, Edmund—Truro
Gibson, Thomas—lpswich Vigors, N. A.—Carlow Co
Grote, George—London Villiers, C. P.—Wolverhampton
Harland, W. C.—Durham Wakley, Thomas- Finsbury
Hawes, Becjamln—Lambeth Warburton, H.—Bridport
Hodges, T L.—West Kent Welby, Glynne Earle—Grantham
Jervis, J.--Chaster White, Andrew—Sunderland
Jervis, S.—Bridport Wilde, Mr. Serjcant—Newark
Jones, John—Carmarthenslaire Williams, William—Coventry
Kinnaird, Hon. A. F.—Perth Wilmington, T. E.—Bewdley
Langdale, Hon .C.—Knaresborough TELLERS.
Lennox, Lord J. G.—West Sussex Stewart, James—Honiton
Long, W.—North Wiltshire Ward, H. G.—Sheffield