The Sun.
London, England, 1849-11-05 00:00:00

Cr,:taeninit

1,0 0)0N, MONDAY, NOVEMBER 5. 1849.

Although we have repeatedly maintained that the
energies of the Financial Reformers should be directed
rather to the reduction of the civil expenditure of the
country than to the diminution of either army or
navy, we are, nevertheless, free to confess that there
is ample room for innovation in the conduct of those
departments, in consequence of certain very useless
and extravagant disbursements. Either of the two
professions regarded alone, will afford sufficient illus-
tration of the correctness of our argument. Take,
for example, the Navy. According even to
the showing of the enemies of the association
presided over by Sir JOSHUA Waemseee, and jointly
originated by the Honourable Gentlemen the
representatives of Montrose and the West Riding of
Yorkshire, no less an amount than 1,250,0001. is
acknowledged to be squandered without any adequate
compensation. In corroborating this estimate, how-
ever, it must not for one moment be imagined that
we wish to be enrol'ed amongst those who are
labouring to diminish the maritime forces of the
country ; on the contrary, as might be expected from
our " antecedents" upon this subject, we are pro-
foundly solicitous that that, the most important
ot all the elements of our national vigour, the chief
surety of our greatness, the paramount source
of our influence, and the principal reason for our
insular security, should be augmented instead of
deteriorated, should fostered instead of opposed,
should be enhanced in efficiency instead of being
stunted to the standard of an insane and suicidal
eclnonly. To realise these aspirations, however, it
is mainly necessary, we conceive, to exercise a
judicious thrift, and to apply the resources already
placed at the disposal of the Board of Admiralty in a
manner such as will tend to develope the most
important branches of the service. In the
culture of a plantation, in the prosecution
of the arts of gardening or agriculture—
whether it be in reference to the development of the
smallest shrub or of the lordliest tree in the forest—
it is alwae s, of course, found requisite to lop off every
one of those suckers. saplings, and off, shoots, which
exhaust the vitality of the plant, and thereby defeat
the end of the farmer or the forester. In the ordinary
practice of medicine, the efforts of the physiologist
and the physician are continually directed to assist
nature in such a digestion of the aliments of the body
as will enable the various glands to make their re-
spective secretions, and impregnate the different
organs with the materials essential to their healthy
maintenance. Otherwise the food is consumed to no
purpose and fails to afford the requisite nutriment.
Now, in regard to the maritime profession ot England,
we would gladly witness the diversion of the sap squan
dared upon the support of unnecessary saplings, off-
shoots, and suckers, to the sustentation and invigora-
tion of the main trunk, the chief branches, the foliage
and the fruit. We would gladly observe the em-
ployment of some measure which would secure the
public from the evil of supplying funds or nutriment
to he lavished upon an organization which, in
its present condition and according to its present
system, derives no proportionate advantage from the
national munificence. For instance—we have pre-
mised that even the opponents of Financial Reform
are compelled to avow that no less than 1,250,0001.
are wasted annually on the navy of Great7-Britain.
How this monstrous prodigality in the management
of the naval exchequer originates may be easily re-
cognized after the enumeration of a few unanswerable
and very cogent facts.

Compare, we will say, the naval power of France
and the naval power of England. France supports one
full admiral, and England thirty-one! France has ten
vice-admirals, and England forty-five France has
twenty rear-admirals, and England seventy-two 1
France has one hundred captains, and England five
hundred and fifty four ! France has two hundred
commanders, and England eight hundred and seventy-
six ! France has six hundred lieutenants, and Eng-
land two thousand three hundred and fifty three
Altogether France has in her navy 931 officers,
while England in her navy has no less than
3,931—an enormous, nay a preposterously
enormous number, considering that, comparatively
speaking, only a small fraction out of these 3,931
officers can ever hope to be simultaneously employed.
Compare, again, the navy of England with the
navy of Russia. While England has altogether
about 194 admirals-151 on full pay and 41 on the
retired list—Russia has—(how many do you sup-
Pose?)—just sixty-three! To 1,430 captains and
commanders in the British navy—Russia has 152,
namely, 72 of the first rank and 80 of the second!
While England has her 600, Russia is contented
with 211 lieutenants! Nor is this all. For look at
the naval power of the United Stares contrasted with
that, of Great Britain. JOHN Bum. must needs be kept
safe by all these superflu,nis admirals, vice admirals,
rear-admirals, post" ea ptains, commanders, and lieute-
uanti, while JONATHAN feels in a state of sufficient
security with not one admiral, not one vice admiral,
not one rear-admiral, with 67 captains, 47 Cou.
manders, and 327 lieutenants ! The folly of all this
ostentatious extravagance on our part is surely suffi.
eiently mani4est when it is remembered that out of
our 151 admirals on full pay only 15 are
Omployed —only 15 out of 151 !I It reminds one
of the gag in the comedy, where one ser-
vant says he'll go and do nothing, and
a crowd of other servants say they'll go and help
him! Recollect that, while England was fighting
with her whole might and strength against the
treated conqueror of modern, or, perhaps, ancient

times, she had thirty-six admirals and so on pro-
perionately, to constitute the navy with which she
opposed the gigantic power of the Emperor NAPO-
LEON. In other departments of the service the same
wasteful and thoughtless expenditure is visible; as,
for example, in that of ship-building, where, accord-
ing to the calculation of Mr. Humis, if a rational eco-
nomy were observed, the estimates :might be reduced
from 8,000,0001. to 4,000,000/. annually. Seeing these
melancholy blunders in the arrangement of the mari-
time power of England, many voices have become
clamorous of late for a sweeping naval retrenchment.
We ask, on the contrary, for no large reduction in
our naval expenditure, but simply for that reasonable
distribution and rational arrangement of its resources
and energies which should tend, not as it does now to
its enervation, but to its invigoration and its develop-
ment. This redistribution and rearrangement of
our naval resources and energies must take place
forthwith, for the people are not just now in the
humour to wink at financial extravagance—more
especially when that extravagance tends to deteriorate
that heroic and glorious service which has covered
England with imperishable glory, and elevated her to
her present greatness.

The case of FORD V. JONES has been finally dis-
posed of in the Palace Court. As we had anticipated,
the unfortunate defendant, whose case has been so
fully before the public, and who received so many
substantial marks of the general sympathy entertained
for his unmerited misfortunes, and the cruel persecu-
tion he had undergone, did not obtain much benefit
from his appeal to that notorious tribunal. He has,
however, fully substantiated the accuracy of his state-
ments, and proved to the benevolent parties who re-
lieved his distress, that their charity was not mis-
applied, or bestowed on an unworthy object. The
worthy secretary of the loan society has also been
compelled to disgorge a portion of his profits, and
to pay the costs of the application—a lesson which
might be attended with beneficial results, but that
the favourite tribunal being happily on the verge of
extinction no new case of oppression can arise under
its rapidly waning jurisdiction.
The chief object of the unfortunate victim was,
however, defeated. lie did not succeed in setting
aside the proceedings under the judgment, or ob-
taining restitution of or compensation for his pro-
perty, which, although of the value of 501. sterling,
was sold for a debt of 31. 18s., and costs to the extent
of 91. is. in addition. The fearful oppression to
which he was subjected has been deliberately sanc-
tioned by the presiding judge, who apparently ad-
judicated under the impression, which he entertained
when the application was first made, that " in the early
part there appeared to have been great leniency shown
to the defendant." What, then, was the extraordi-
nary forbearance that elicited such strong commen-
dation from that learned functionary ? It is worthy
of notice, as indicating the usual routine of proceed-
ings the fearful losses and irreparable ruin
brought upon the unfortunate victims of
Palace Court " moderation " simply this,
that in adding no less than 1/. 10s. for costs
to a debt of 31. 18s., or about 40 per cent. on the en-
tire demand, before a single application for payment
had been made, the plaintiff had exhibited " great
leniency ! " that in accepting the only sovereign in
the possession of the wretched defendant, and giving
time, for a single week, for the balance of the costs,
the tender hearted secretary had afforded considerable
indulgence ; and, finally, that when the undertaking
was not strictly and literally complied with at the
appointed time (owing to the fearful visitation of the
dread pestilence, by which the metropolis was then
afflicted, and by which six members of his family
were stricken down on the bed of sickness, from
whence three were destined never to rise), the proceed-
ings should be hurried forward and further costs,
amounting to 71. 11s. accumulated. Then, indeed the
triumph of compassion and of mercy was complete.
Verily, there must be something in the Palace Court
atmosphere which renders the moral vision of those
accustomed to its influence strangely oblique and
distorted, or we should never have heard conduct such
as that we have described lauded and commended as
being exceedingly lenient.
The points of the case on which the application on
behalf of the defendant was founded lay within very
narrow limits. They were, first, that the plaintiff in
the suit, in consideration of the sum paid to him per-
sonally, including the balance of the coats, and a
payment on account of the original debt, had under-
taken that further proceedings should be stayed for
a reasonable time, and that, consequently, the subse-
quent seizure and sale of the defendant's goods under
the execution was contrary to good faith, and should
be set aside ; and, secondly, that under any circ um- '
stances 11. 3s. had been unjustly detained from the
defendant—that there was, at least, extortion to that
extent, and that the sum in question should be imme-
diately handed over, together with the costs of the
motion.

On the first point JONES sustained and verified by
his affidavit the truth of the statement he had previ-
ously made before Mr. ARNOLD. He deliberately
swore that he had made the payments of 1/. and 13s.
respectively, on the clear understanding and in con-
sideration that further proceedings in the suit should
stayed. He was, however, unable to produce any
additional evidence to corroborate his assertions. No
person save the secretary and his clerk were present
at the interviews that had taken place, and, too happy
in having succeeded in exciting the compassion of the
secretary, JONES was contented with the verbal pro-
mise, and did not venture to demand a written under-
taking. On the other hand, although the receipt of the
money was not denied, the secretary and his clerk
unhesitatingly declared on their oaths " that no such
undertaking was given," and the Judge decided in
accordance with their affidavits, and declared that the
breach of faith was not made out, and, consequently,
that the entire of the proceedings—the judgment, the
seizure, and the sale, remained valid and unim-
peachable.
Now, it may be permitted to look a little further
into the probabilities of the case, in order to ascertain
how the matter really stood, and to discover whether
there had been wilful and deliberate perjury on either
side, or whether there had been any mistake in the
transaction. Up to the present time JONES has
maintained an irreproachable character. During the
searching and stringent investigation into the truth
of his statements, directed by the worthy magistrate,
nothing was elicited to his discredit, and HOLLAND,
the warrant-officer of the police-court, who had con-
ducted the inquiries, declared himself fully satisfied of
the general accuracy of his story. Every point
capable of corroboration by other and disinterested
witnesses was fully and distinctly sustained, although
the greatest doubt was attempted to be cast upon
every portion of the case by prejudiced parties. It
was declared that the visitation of the cholera was a
pure fiction, and that none of his family bad perished
under its fatal attacks. Mr. BENNETT, the respec-
table surgeon who had attended them during their
illness, not only certified that " the two sisters of
poor JONES, their husbands, his only brother, and his
infant nephew had been attacked, and that his
brother, one of his brothers-in-law, and his nephew
had died," but added the following testimonial to the
behaviour of JONES himself during these painful
events :—He said, " I now certify with much pleasure
to the admirable conduct of WILLIAM JONES, when
placed in such an awful crisis. He attended upon
his unfortunate relatives night and day, with untiring
affection, and not only exhausted his own re-
sources in providing such comforts so much
needed at such a time, but defrayed the
greater portion of the funeral expenses. And
I may add, in addition, that his aged mother chiefly
depends upon him fur her maintenance." His carpe t
was also given back, and Mr. ARNOLD, after hearing
various witnesses, declared that there could be no
doubt whatever " that the bed sold at the sale was
not that which had been taken from JON ES under the
execution." It is not likely, then, that such a person,
whose entire conduct had been such as we have de-
scribed, and whose statements were all sustained by
evidence, would have put forward such infamous
falsehoods as these must have been with respect to
the !tore. _
tsry if actually unwarranted by the facts.
'lgaln) the payments were not, we believe denied.
The secretaryacknowledged them, but denied his
undertaking. For what purpose, then, did JONES
pay over all the money in his possession to that ex-
cellent functionary ? Would he have given 13s. on
adcount of the debt and costs if assured that the
Palace Court officials would have seized his furniture on
the following morning? It is certain that he at least be-

lieved he obtained a promise from the secretary such as
he alleged the latter functionary, to whom the result
of the interview was not of such deep and absorbing
interest is it was to poor JONES might possib!y have
forgotten the nature of his promise, and supposed it
very unlikely that he should have so far deviated from
his ordinary course. It is, therefore, we say, more
probable .that the " mistake," as we hope it to have
been, was on the part of the secretary and not of
JON ES.

On the second point, judgment was unhesitatingly
given in favour of JONES, and the secretary was
ordered to repay U. 3s. and the costs of the applica-
tion. In that there could be no possible mistake, and
poor JONES is relieved to that extent ; but those who
have perused his simple and touching narrative can
say how inadequate is such a remedy for the suffering
he has undergone and the grievance he has sustained.
We may at least be thankful that such cases are
henceforth impossible, and that we shall not again
have to direct the public attention to similar instances
of Palace Court justice and Loan Office "leniency."

THE FRENCH REPUBLIC.

We have received the Paris journals of Saturday.
The programme of the new Ministry is commented
upon in all of them, and from present appearances
there is every reason to augur that the experiment
made by the PRESIDENT of the Republic will be, for
the present at least, successful ; the parti pretre
seem cowed by his boldness, and have wonderfully
abated that braggart tone which at first they were
inclined to assume. Thus the Assembles Nationale of
Saturday, which on Thursday indulged in big words,
" full of sound and fury," and, as it now appears,
" signifying nothing," on Saturday eats the leek with
most Pistol-like humility.
" Everybody knows (says the Assembles Nationale)
that we have never offered a systematic opposition. We
will never be ungrateful for proofs of devotedness given
to the country. The President of the Republic has
assumed to himself Governmental responsibility, and
in this determination we desire only to see an act of
courage, and a wish to consecrate himself without mental
reservation to the safety of the country. When amidst
the tempest he puts his hand to the helm and engages to
conduct us into port, we dare not ask him if he has
measured the extent of the task he encounters, or if his
strength will be equal to his courage."
The opening sentence of the above extract is most
amusing from its impudent mendacity ; it is truly
characteristic of the parti-pretre.
The Presse, which had contented itself with
simply announcing the change in the Ministry, thus
comments on the change in its number of Saturday:—
"The journals which appeared yesterday morning
expressed astonishment at the silence observed by the
Presse on the message of the President of the Republic,
and on the formation of the new Cabinet. Nothing,
however, is less extraordinary. After the contradictions
which M. Odilon Barrot and M. Dufaure had given to
their former conduct when in opposition, after their
accession to power, the Presse had no motive fur espous-
ing the cause of the fallen Cabinet against its successor.
Article 67 of the Constitution declares that the acts of
the President of the Republic, with the exception of
those by which he names and dismisses ministers,
are invalid, unless they are countersigned by a
minister ;' but article 64, giving to the President
of the Republic the right to name and dismiss
his ministers,' article 67 is, in reality, nothing
but a superfluous formality. It is in that light that
we regard it. We have not, therefore, to inquire either
the names, or into the merits of the new Ministers. In
the Cabinet of the Ist of November wo only see it as it
really is—the docile instrument of the will of the Presi-
dent of the Republic. He has the right to appoint his
Ministers; he has the right to dismiss them. That right
is positive, and to contest it would be to fall beck into
the old beaten track of the constitutional monarchy.
Strange inconsistency of parties! If there is one journal
that might consider the dismissal of the old and the
formation of the new Cabinet a thing perfectly simple,
it assuredly is the National, since the double fact
consecrates to all its extent the American principle
of the personal responsibility of the President of
the Republic. The 11 ational, however, is indignant,
just as if it had lost the recollection of a revolu-
tion having been accomplished in France on
the 24th of February; and that the Republic, as in
America, had succeeded to the Monarchy, as in Eng-
land. That the President of the Republic has a right
to choose as his auxiliaries—that is to say, for his mi-
nisters—whoever he chooses is incontestible; but what
is not less indisputable is, that he has not the right to
have a personal policy—to have a will different from
that expressed by the Parliamentary majority, that
living representative of the national sovereignty. The
President has his right, and the majority has also its
own. In protesting against the selection of the new
Ministers, the Legislative Assembly would deviate from
its orbit, as the President of the Republic has departed
from his by the terms of his message. That deviation
Rill inevitably bring about a shock. Will it be an 18th
Brumaire a VII. (9th of November, 1799), preceded
by an 18th Fructidor ? Will it be a 27th of July,
1830, followed by a fourth revolution ? We confine
ourselves to state the question such as it is laid down."
M. THEIRS, with M. MOLE and M. DurtN, was
at first inclined to in-ist upon the acceptance by the
PRESIDENT of a Ministry nominated by the reaction-
ary club, but has become now better advised. He says
he thinks the new Ministry may "work well; that
although they may talk less they may do more." In
fact M. TRIERS is having recourse to all those subter-
fuges which are the common-place resources of a
discovered bully when be is afraid to stand to what
he has said. He thus concludes a lengthened article
which appears in the Constitutionnel of Saturday :
"In fine, the policy which the composition of the Mi-
nistry led us to expect is confirmed by the programme.
The Cabinet desires, it tells us, to awaken the sentiment
of duty in the minds of functionaries—it desires to in-
spire itself more profoundly than ever with the spirit of
the majority. So long as the Cabinet follows this line
it shall have our support."
The journals of the left express their dissatisfac-
tion with the ministerial programme, and in this ex-
pression of dissatisfaction they are joined by the
Journal des Debats, which pithily remarks—
" The message of the President promises a new policy
sad announces that action will take place of talk. It is
only natural that the Assembly should feel that it ought
to wait until it is better informed before it can judge of
this new policy and these new acts. The vague character
and meaningless tone.of the manifesto presented by the
Ministry is such as to throw no light whatever on the
motives why the late Government ceased to exist, or the
new Ministry has come into office."
The PRESIDENT has appeased the anger of M.
ODILON BARROT, by conferring on him the Grand
Cross of the Legion of Honour.
The following official communication appears in
the Ministerial journals, the Petrie and the illoniteur
du Sole:—

" Certain journals are accustomed to seek to mislead
public opinion by commenting with bad faith on the acts
of the Government, or by inventing a mass of news
which is entirely void of truth. For instance, all the
reports propagated of portfolios having been offered to
certain persons not included in the present Ministry,
either by the President of the Republic or in his nacre,
are entirely without foundation, and we are authorised
to give this formal contradiction to them."
The reactionary Club of the Council of State met
on Friday, and notwithstanding the opposition of M.
BERRIER and the ultra members of the parti-pretre,
it was decided by a large majority, on the proposi-
tion of MM. TRIERS, MOLE, and DE BROGLIE, that
for the present at least no opposition should be offered
to the new Ministry.
The grand ceremony of the inauguration of the
magistracy took place on Saturday. The magistrates
who were assembled to take the oaths of fidelity to
the Republic were thus addressed by the PRE.
SIDENT

" Gentlemen,—l am happy to find myself this day in
the midst of you, and to preside at a solemn ceremony,
which in reconstituting the magistrature, re-establishes
a principle which a momentary blindness of judgment
could alone have permitted to be slighted. In agitated
times, when the notions of what is just and unjust ap-
pear confounded together, it is useful to maintain the
p7siiye of grand institutions, and to prove that certain
principles contain within themselves an indestructible
force. It is cheering to be able to say—the fundamental
laws of the country have been renewed, all the powers of
the state have passed into other hands, and yet in the
midst of these destructive shocks and shipwrecks, the
principle of the immoveability of the high law dignita-
ries of the country has remained untouched.
"In fact, societies are not transformed at the will of
human ambitions—the forms change, but the thing itself
remains. Notwithstanding the political tempests which
have succeeded each other since 1815, we still live on
only in consequence of the widely-based institutions
founded by the Consulate and the Empire ; dynasties
and charters have passed away, but what has sur-
vived and what now saves us, is religion—is the or-
ganization of the courts of law, of the army, and of the
admistration.

"Let us then honour what is immoveable ; but let us
honour also what may be found beneficial in the
changes which have been introduced. To-day, for in-
stance, that you have come from every point of France
to take an oath before the first magistrate of the Repub-
lic, it is not to a man that you swear fidelity, but to the
law. You come here, in the presence of God and of
the great powers of the state, to swear to fulfil reli-
giously a high duty confided to you, the austere ac-
complishment of which has always distinguished the
French magistrature. It is consolatory to think that
outside the pale of political passions, and of the agita-
tions of society, there exists a body of men having no
other guide but their conscience, uo other passion but
that of well-doing, no other aim but to ensure the reign
of justice.
" Yuu are about, gentlemen, to return to your depart-
ments; carry back with you the conviction that we have
finally quitted the era of revolutions, and that we have
entered on the era of ameliorations which prevent catas-
trophes. Carry out with firmness, but also the utmos::
impartiality, the tutelary provisions of our codes. Let
the guilty never remain unpunished, nor the innocent
be persecuted. It is time, as I on a late occasion re-
marked, that they who yearn after what is good should
be re-assured, and that those others who are attempting to
force their opinions and their passions in the place of the ,

national will, should make up their minds as to the ne-
cessity of desisting.
" By distributing justice, in the most noble and most
extensive acceptuian of that great word, you will have
done much, gentlemen, towards the consolidation of the
Republic, for you will have strengthened in the country
respect for the law, that first duty, that first quality, of
a free people."
The delivery of this speech has, it is said, produced
the best effect; the funds rose at the Bourse on Satur-
day and yesterday, although there was but little doing
in the Passage de l'Opera. Prices remained at 87f.
90c., as they closed at the Bourse.

BCSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, Nov. 3.

Boulogne and Amiens, 51,4—Namur and Liege, 514
Northern of France, 3% dis.—Orleans and Bordeaux, 2%—
Paris and Orleans, 281 h —Paris and Rouen, 2C—Rouen and
Havre, 9—Tours and Nantes, 33/ ex div.— West Flanders, 1

LVIONEY and COMMERCIAL NEWS.
CITY. QUARTER TO THREE.
_ _ .

The sales of Cotton at Liverpool on Saturday were
estimated at 5,000 bales, including 2.000 on speculation.
The market was,steadyiwithout elteration in prices.—
Railway Shares were steady.
There was rather a firmer tone in the Grain market
to-day.
The further advices from the United States by one of
the Ocean Steam Navigation Company's vessels, are
still of a favourable character, politically, except in rela-
tion to Canada, of which the condition is anything but
satisfactory. The probable removal of the seat of go-
vernment to Toronto was still exciting attention. It is
pleasant, amidst the din of party warfare, to turn to some
evidence of material progress, and the attempt to cultivate
any new production cannot but be gratifying. It ap-
pears that samples have been shown of mustard grown
and prepared for use in the Eastern province, which is
actually stronger and better flavoured than that ge-
nerally imported. By far the most important experi-
ment, however, is that for the cultivation of coffee, and
although the samples produced were not equal to West
Indian, they are such as to promise future excellence,
and is pronounced already to make a wholesome and
palatable beverage. The Canadian coffee plant
is an annual grown from the seed, exceed-
ingly productive, and not attended with an
unusual amount of labour, and it is urged that the
Canadian farmers should sow a small quantity in their
gardens, the produce:of which would supply, at least, their
families for the year.
Complaints are made that a: most extraordinary
piece of legislation had been permitted to take place
.during the last session of Parliament without the slight-
est notice having been taken of it, but which most ma•
terially alters the position of the landed proprietor and
his creditors in case of mortgage. By this Act the
interest of a mortgagor in the mortgaged property may
be seined by the sheriff under a writ of fi. Ja., and sold in
the same way as any other real estate might
be taken in execution and sold, the purchaser receiving
a good title upon his discharging the mortgage. The
operation of this Act will be, as is asserted, that a mort-
gagee or other creditor will enter a common action, ob-
tain judgment, and cause the land to be put up at public
sale, at which he can himself become the purchaser, as
by claiming immediate payment of the debt be will
probably deter others from buying. Under this Act
one-third of the whole landed property of Canada West
may, it is said, be brought to a sheriff's sale.
The English Stock Market has been rather firmer, but
there is a dulness observable. Consols have been quoted
921 to for Transfer and Time. Bank Stock has been
supported at 1981, and the New Three-and-a-Quarter
per Cents. have realized 92k 1. The state of affairs at
Paris engrosses now more attention than the political
news from other places, although there is some renewal
of the unsettled feeling with regard to the attitude of
Russia towards. Turkey. Not much doubt is enter-
tained of the arrival in England of the Hun-
garian prisoners, but whether this will cause a
cessation of the Emperor,Nicholas's hostility remains to
be seen. The premium on Exchequer bills has been
steady at 445. to 475., and on India Bonds it has
been 84s.
There is an inanimate market for Foreign Securities,
but they have not varied much. Spanish Three per
Cents. have been firm at 341 to 35. Portuguese Four
per Cents. are nominally 33 to 34. Brazilian Small
Bonds have been quoted 83k, and Chilian 54. Mexican
Bonds have been depressed again at 25k to 26*. Russian
Bonds have been up to 1071. Dutch Two-and-a-Half
per Cents. have been 53i.
The Railway Share Market is firm, with one or two
exceptions. North Stafford have declined to 81 ;
Aberdeen are dull at 14 ; Caledonian have ranged from
121 to 13 ; South-Eastern are quiet at 18k ; North-
Western firm at 115 to 116 ; Great Western 60 to Al ;
Midland 47i to 48; Brighton 721 to 731; and York and
Berwick 17f t.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 1981,4
3 per Cent. Reduced Annuities
3 per Cent. Consols Anns
New 314 per Cent. Anna. 921/25/
Long Annuities, Exp. Jan. sth, 1860 B% 8 7-16
D 0.30 Years, Expire Octlo, 1859 -16
Do. 30 Years, Expire Jan. 5, 1860 8 11-16 85,4
India Stock
Do. Bonds, 10001 B4 p
Consols for Account ........
Exchequer Bills. 11,42 d. 2d.
March. June.
1,0004
5001 47 p

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Ditto, Small
Chillan Bonds, 6 per Cent •.
Ditto, 3 per Cent
Mexican iionis, 1846, 5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto Account
Russian Bonds. 1822,5 per Cent 107;2.

Spanish Bonds, 3 per Cent.— ..... 341;% 35
Dividends on the above payable in London.
Dutch 24, per Cent., 12 Guild ... b3IA

BVSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYO. PAID. PER SHARZ.
~berdeen

Ditto, Preference .. ... 6tA — • • ... to
\ tuber., N otting., Boston, Scc. 634 — x.i. to
Ayrshire and Galloway
,iulfast and County Down .. 261/2 .. ..
3erks and Hants Extension .

—.
(Gt. West. Yerpet. 5 per ct.) 6
,irminguam Ps OxfordJ unct.,
calls duly pd, or with guar. 20 -
Do., without a guarantee... 20 . ...
.3irmingham,Wol.,& Dudley,
calls duly pd, or with guar. 10 ... .
Do., without a guarantee... 10
Binning., Wol., et Stour Val. 131.14 s —

Birkenhead, Lancashire, and
Cheshiru Junction..
3uston, Stamf., & Birming...7/. 4s — ...... to
Bristol and Exeter
Do., Thirds ... ..... ... 27►4 — to
Buckinghamshire .— 17% 1514— to
Caledonian
Ditto, New 101. Preference 10 ...... 8541%. . to
Ditto, Clydesdale Junction 50
Chester and H01yhead......... 50
Ditto, Preference
Clarence.

............ , _
Do., Ist Class, 6 per Cent... 10 ...... . ... to
Do., 2d Class, 5 per Cent... 10 - -,-
Do., Gov. Loan, 4 par Cent. 10
Direct London & Portsmouth 514 — to
Dublin and Belfast Junction.. 40
Dundalk and Enniskillen ... 27% — to
East Anglia, 251. L. & E.,
cad L. & D .
Ditto, 181., E. & H l3 ... .. 11A to
Do, 31. 135.,6 p. Ct. Pref. 3% —
Eastern Counties
_ _ _

Do. New Guarant. 6 per Ct. 10
Do. lizten.,s perct.No. 1,6/.13e. 4d.. p
Do., d 0....... ......... N 0.2,61. 13s. 4d...
Do., Northern &Eastern... 50
Do., 5 per cont. ... 50 . — to
Ditto, New

eastern Union, Class A (late
E. U. Shares) ... .. 25
Ditto, ditto, Class A, ditto 314 ,
Ditto, do, class B (I. &B) 25 ......

Ditto'9 do' Class C, ditto... 25

. .
Ditto Scrip (gua. 6 per ct.) 20 . — ..... to
test Lancashire ..... - to
Ditto, New .. 25
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Shares 6;4 — to
Last Lincolnshire
,:dinburgh and Glasgow
Ditto, Half Shares
o:dinburgh and Northern ... 25 ......
Ditto, New p0rt.....
Exeter, Yeovil. & Dorchester 2% — ..... to
Exeter and Exmouth...
(ilasg., Dumfries, ifs Carlisle-Bi. 6s.Bd — ..... to
`4lasgow, Kilmarnock, & Ayr 50
Do. Preference Consolidated —•—• ....• to
Great Northern 20
Do. % A. Deferred ........ 12% —
Do. %B 6 per Cent.

10
Do. per Cent. Pref.
. ..... 7V4... to
C4t. 5
South. & %Veit. (Ireland) 471 A — to
3reat North of England 100 ...... ..... to
Ditto, New 401. ... ..... .. 4O
Ditto, ditto ....

Ditto, IN:ew 304 ......... ...... 30 ... ..
Ditto, New 15/........ .. 15 ...... .
great Western 100
Ditto, Half Shares
Ditto, Quarter Shares 2S
Ditto, Fifths 2O
_ _

,
Do. New 17/ l5 .. ...
-lull and Selby 5O
Ditto, Half Shares .. ...... 25 ..." — . .... to
Ditto, Quarter Shares l2l/4 — ...... to
.ancaster and Carlisle.... .... 50
Do., Thirds
Lancashire and Yorkshire ...100 .....
Ditto, ditto, M. B. & B ." 98
Ditto, ditto
Ditto Half Shares ......... 49 - ....•• to
Ditto Quarters 221/4 to
Ditto Fifths
Ditto. Thirds l6 1/4 ......
Do., New Guar. 6 per cent. 10
Do. Liverpool and Bury... 49
Do. (Hudders. and Sheff.) 50
Do., West Biding Union... 9 ....
Do., Preston and Wyre ... 25 ......
Do., do., Half Shares (A) 10 — to
Le3ds and Bradford 5O .. ... ...... to
Leeds and Thirsk 5O
Do., do., Prefer., 6 per Cent. 5 .
Do. Pref. Quarters, 1848... 9
Liverpool, Crosby, andSout h-
port lO • — .. .. to
London & Blackwell --all. 6s. 3d — to
Lond., Bright., & South Coastloo
De., New 51., gua. 6 pr Ct.loo
D. Guaranteed 5 per Cent. 9
De. Preferential, 5 per Ct., 50
Ditto, ditto 1852 50 .....
London and Greenwich... 121.155. 4d... —.

Ditto Preference
London & North Western.....loo 115% 116 to 115'
Do. New Quarters.. l2 - '
Do. Fifths 7 ..... 914..... to 9
Do. 40g.Shares...,.L. & M 35 — to
Do. 101... M. and B. (C.) 1
Loadon and S. Western...—. 50
Ditto, New 504
Ditto, New 404
Do., New Scrip, 1848, Pref.
7 per Cent .. ... 5 . ...
Londonderry and Coleraine... 25
Do. Half Shares
Londonderry and Enniskillen 25 —
Do., Half Shares
Lewestoff, guar. .4 per ct 20
Ditto (guar. 6 per cent. ... 13 ......
Manch, Buxton, & Matlock 5
Manchr, Sheffield, and Linc.100
Ditto 4 Shares( No. 1) ... 23 ...... to
Ditto, ditto (No. 2)
Ditto, % Shares (No. 3)... 121%.....
Do., New 101. Preference.. 10 ... .. 10%14 to
Ditto, Grimsby & Sheffield 50

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