The Sun.
London, England, 1849-07-17 00:00:00

success. What his reception will be in the Guildhall
it is idle to conjecture; for without taking into
account the unwonted circumstance of a Lord
Mayor of London making his appeal from the
hustings for the suffrages of the electors
of the capital, the present Chief Magistrate has
secured to himself personally the respect and the
high estimation of his fellow citizens, without any
dis,inction whatever of party or class, of politics or

religion.
Considering the ignominious defeat of the Protec-
tionists scarcely a fortnight since—and that, moreover,
in the person of one of their most amiable and accom-
plished advocates—there is but little probability that
the Country Faction will have the hardihood to enter
upon another such Quixotic adventure. The good
cits have not yet forgotten that most telling quota-
tion from the school-bred verses of the Young Eng-
land aristocrat—

" Let wealth and commerce, laws and learning die,
But save us still our old nobility."
And but few have borne in remembrance the extenu-
ating response of Lord JOHN MANNERS, that he would
rather have been the silly stripling who had penned
those lines than the grey-headed old man who had so
ungenerously quoted them against him on that occa-
sion. Altogether the recent struggle between the
opposing candidates of ultra Conservatism and of
Civil and Religious Liberality tended so glaringly to
the discomfiture of the former, that we cannot for a
moment anticipate their making themselves still
more ridiculous by bringing forward any candidate
in opposition to the Chief Magistrate.
Unless some men are more desperate or more fool-
hardy than we can conjecture, Sir JAMES DUKE will
not encounter the smallest obstacle in becoming the
representative of that great capital in which he is al-
ready the highest municipal functionary. To employ
the common but expressive slang of electioneering, he
will have nothing more difficult to accomplish, as far
as we can yet anticipate, than to walk over the course.
When the returning officer shall have declared Sir
JAMES DUKE to have been duly elected in
the room of the late respected Mr. PAT-
TISON, Boston will have had the satisfaction
of seeing her Member not only chosen to preside over
the capital of England as Lord Mayor, but to repre-
sent the electors of London in the Commons House of
Parliament. We may, without rashly hazarding an
opinion, even now congratulate his present consti-
tuency, by anticipation, on the simultaneous triumphs
of their representative on the two great national
arenas of commerce and legislation. Such a
confirmation of the justice of their selection
is seldom reserved for the electors in any
borough of the United Kingdom. In the
present instance that good fortune appears to
have befallen the inhabitants of Boston ; and upon
that circumstance they may with very good rea-
son felicitate themselves. Satisfied as to the ulti-
mate decision of the great metropolitan constitu-
ency, we are convinced that we shall have an
opportunity before many days have elapsed of offer-
ing our congratulations alike to the Right Honourable
the LORD MAYOR, to the electors of Boston, and to
the citizens of London.

It is difficult to understand the motives by which

the House of Lords were last night induced to muti-
late the Poor Relief (Ireland) Bill. Its most im-
portant provisions have been rejected. Everything
of real importance calculated to produce beneficial
results, and to lay the foundation of a better state of
things in Ireland, has been omitted. It will
clearly be impossible for the House of Com-
mons to accept the measure thus neutralized,
and every effort for the regeneration of the
sister kicgdom must be postponed for another
year, and its miserable inhabitants must sustain
twelve months of additional suffering, unless their
Lordships should repent even at the eleventh hour,
and consent to the re-admission of the rejected
clauses.

For some time it has been notorious that their
Lordships would repudiate any Liberal measure, on
behalf of which there was not a decided pressure
from without, where the nation had not exhibited an
un€quivocal determination to obtain its enactment.
Notwithstanding the boasting of the Protectionist
press and the vauntings of Protectionist orators,
the Peers did not dare to disappoint the general feel-
ing in favour of the further extension of free trade
principles. They did not venture to maintain the

Navigation Code in all its stringency ; and, there-
fore, despite the reckldss and headstrong conduct of
some of their body, they yielded a reluctant assent to
the great and comprehensive measure that recently
became the law of the land. Deep was the indignation
felt by these parties at what they were pleased to
term the timid and va2illating caurse pursued by
the more prudent Lords, who bowed to the will of the
nation, clearly and unequivocally expressed, and who
sanctioned by their votes, or at least abstained from
opposing, the great measure of reform brought for-
ward during the present session. They appeared,
however, determined to oppose with all their energies
every other Ministerial undertaking, and, unhappily
for their own credit and character, and for the stabi-
lity and power of the hereditary branch of the Legis-
lature, an opportunity was but too speedily afforded of
venting their ire.

' A measure was sent to their House by
a large and decisive majority of the representatives
of the people, having for its object the removal of the
last vestige of religious intolerange, and the admission
of an honourable and influential class to the constitu
tional privileges of free-born citizens. In coming to
this just and liberal decision, the House of Commons
but endorsed the ,resolution of the greatest constitu-
ency not only in the empire, but in the world, whom
selecting Baron LIONEL DE ROTHSCHILD as
their representative declared, in the most
impressive terms, that the period had ar-
rived when civil and religious disabilities
should no longer be maintained, that every man
should be at liberty to worship his CREATOR in the
manner which in his soul and conscience he deemed
most acceptable to the DEITY. In rejecting the Jews
Bill, the Lords not only expressed their adhesion
to the obsolete doctrines of religious intolerance, but
, they wantonly entered into a serious collision, no'
only with the House of Commons, but with the
electors of the British metropolis. Nobly have those
electors discharged the duty imposed on them by this
unwise and impolitic conduct, and the triumphant re-
election of Baron ROTHSCHILD has convinced the
nation of the calm aLd unflinching determination of
those who have been placed in the vanguard of the
Army of Freedom, and of the impossibility of their
Lordships long maintaining the unequal contest. It
is but reasonable to suppose, that the return of Baron
RozusculLD bitterly aggravated the exaspera-
tion of those who had previously negatived
the Bill, by convincing them of the alight
estimation in which they were held by the commu,
nity in general, and of the painful necessity of
patiently swallowing their leek, however repugnant
1 or disagreeable.
In the present instance, unfortunately, the conse-
quences of delay will be of a much more formidable
character than in the Jewish Bill. There, ultimate
success being certain, the parties could afford to smile
at the paltry impediments thrown in their way
by the Dame Partington effort to keep back
the tide of public opinion, with aristocratic brooms.
But here a people, suffering under the continued
' horrors of pestilence and famine, are told that they
must endure their miseries for another year, in order
that the hereditary Legislators may exhibit their
paltry spite against the Ministry, to whom they have
been forced to succumb on so many previous
occasions. Although the condition of the
Irish people was, indeed, desperate it was
by no means hopeless, and that hope consisted
chiefly, if not altogether, in attracting British enter-
prise and British capital to assist in the regeneration
of the country, to provide remunerative employment
for the myriads of starving labourers who were both
able and willing to work, if the opportunity were
afforded, and to restore, by proper cultivation, the
natural fertility and productiveness of the soil.
But in order to induce Englishmen to embark
their capital in the attempt, and to enter
on the arduous undertaking,xtwpole, and things were neces-
sary : first, that clear, sin
unimpeach-
able titles should be given of the properties they
might be induced to purchase, so that they might
have a certainty that they would be permitted to

enjoy that for which they contracted ; and, secondly,
that some maximum should be fixed, bt-ycnd which

hey could not be called on to contribute for the

relief of the poor, for otherwise the entire
proceeds of their industry might be taken
away, to compensate for the neglect and
apathy of their neighbours. The incumbered
estates would have supplied the first desideratum,
the maximum clause in the Poor Relief Bill the

second.
Although the Lords' amendment of the Incum-
bered Estates Act would limit the operation of that
most important measure, still it would not impair its
efficiency whenever it came into effect. Although,
therefore, the extent of capital that would flow into
the country through that Act would be re-
stricted, it was not altogether excluded.
But by the amendment of last night, which was car-
ried by a majority of nine, the responsibility for
poor-rates is to remain wholly without limitation.
The effect of this decision, unless speedily rescinded,
will be to scare away English capital, and, as a ne
ces-zary result, to complete the ruin of unhappy Ire-
land ; for, as Lord CLARENDON truly remarked in his
admirable letter to the LORD MAYOR of London, the
condition of things cannot remain stationary.
They must either speedily advance or rapidly
retrograde. The Peers of England hive for-
bidden the advance. They will be justly re-
sponsible for the fearful consequences that must
ensue. Perhaps, when acquainted with the wide-
spread desolation produced by their division, they
may regret that they did not enter on the duty of
legislation in a calmer and more statesmanlike spirit ;
that they did not calculate the too probable results
of their conduct. These regrets may, however,
be too late, the repentance too tardy. The
next question to be asked may possibly be
not merely " What is the use of a House
of Lords ?" but why should any body of persons be
permitted to control and retard the beneficent legis-
lation of the chosen representatives of the people ?
There is, however, yet time to change their determi-
nation, and to re-introduce the clauses which were
last night omitted from the Bill.

MONEY and COMMERCIAL NEWS
CITY, QUARTER TO THREE.

The Cotton Market at Liverpool yesterday was again
very active, and business to the extent of 12,000
bales was effected, including 9,000 Americaa at
4d. to 611., 250 Pernam and Maranham at
53. to 5d., 500 Bahia at sid, 1,000 Egyptian
at 51d. to ?id., 800 Surat at 3ici to 4d., and
108 6:11, Island at 103. to 10d. per lb. The market
closed firmly with au upward tendency in prices.
Speculators took 5,000, and exporters 1,000 bales.—ln
Railway Shares a large business was transacted at ad-
vanced prices.
The reports received to day from the different M..mey
Markets of the Continent are satisfactory, although there
is in some cases ra!ht r leas activity.
The fullowirr4 are official documents:—

" His Excellency the President has communicated to
me the followin4 decree :—The President of the Republic
of Mexico to the inhabitants thereof. Know ye that the
Getieral Congress has issued the annex, d decree:—
" Art. 1. The ports of Huatte.co and Al-
tate will be made ports of entry, and foreign
veisels can touch at either, and engage in the
coaiting trade.
" Art. 2. The Custom-house of the former port will
be in the town of Santa Cruz; that of the second in Aliata.
The decree of July 13, 1840, will be that by which they
will be governed. Let the same be published, distil-
buted, and complied with.
Palace of the National Government, Mexico, May
15, 1849.

" JOSE JOAQUIN DE HERRERA.
" To 1)on Francisco Arangoiz."
Treasury Department.
" His Excellency the President has communicated to
me the following decree:—
" The President of the Republic of Mexico to the in-
hnbitants thereof. Know 3e that the General Congress
has issued the annexed decree:—
" Art. 1. The export duty on precious metals n ill be es
follows :
" Gold coined or wrought two per cent.
" Silver coined or wrought three per cent.
" Alloyed or pure silver wrought into images, with
certificate that the stamp duties have been paid, four-
And• ashalf per cent."
" Art. 2. Two per cent. will be collected at the seaports
on all coin arriving from the interior. Let the same be
published, distributed, and complied with.
" Palace of the National Government, Mexico,
May 22, 1849.
''JOSE JOAQUIN DE HERRERA.
" To Don Francisco Arangoiz."
The Committee of Spanish American Bondholders
received yesterday a letter from their agent in Mexico,
Mr. W. P. Robertson, in which that gentleman states,
that upon the meeting of the Congress, in extra ses-
eion, on the first instant, the plan for arranging
the debt will be submitted, and that a remittance of
20,000 dollars is coming to hand, and that a further sum
has fxert colic cted.
The fSt. Katharine Dock proprietors have had their
half-yearly meting to•day, and a dividend at the rate
of four rer cent. per annum has been ch dared.
The Funds have been firm again, but the settlement
of the account has had some influence. Consols have
born 93, then 93! and are now 93k a for Transfer,
and 93,14-- for Account. Exchequer-bills are 475. to
50s. prem. Bank Stock is 199 to 200.
In the Foreign Market very little is doing. Mexican
Bonds are 27i to ; Spanish Three per Cents. 34i ;
and Portuguese Four per Cents. 30k. Russian Bonds
are 107. Dutch Four per Cents have been 80i to 2.
The Share Market is rather duller, and the advanced
rates of yesterday are not quite supported.
ONE YO;,,L( K. _LO,.I.NG
PRICES.:
.ank Stock 2OO 199 - 199
3er Cent. Reduced Ar.ns ...... 93A, 93 93,4 9314
per Cent. Cons( is Annuities 93N 93 93,4 9314
v.•W 3,4 per Cent. Anne....... 9414 9338 941% 5:414
.onaAnns. to expire., Jan.lBBo 8 13-16 8 15-16
Ditto, 30 years, Oct. 10, 1859 83,8
Ditto 30 years, Jan. 5, 1860 B% 81h
[ndia Stick

rdia. Bondc, I,OOW.
Ditto under 1,0001.. ..... 80 83 p
;outh Sea Stock
Consols tor Account, August 14 93%14
.xchequer Bills. I Ld. & 2d.
1,0001. June
500/. June
Small. June 47 50 p
PRICES OF FOREIGN FUNDS

83 p
103 M
937

50 p
50 p
50 p

OXE f ;LOSIN
O'C LOCK. TIM S
Danish Bonds, 1825,3 per Cent... 67 67
Equador Bonds
Mexican, per Cent. 1846, with Coupons
Ditto, Ex Coupons
Portuguese 5 per Cents. — --
Ditto, 4 per Cent fiGyA 3014
Russian Bonds ... 107 107
SpaniAF: per per Cent. 1840. ...
Ditto, 3 per Cent
Venezuela Bonds, 214 i per Cent C—
Ditto Deferred —
thviclends on the above payable in London.
Dutch 2% per Cent., 12 Guild —
Ditto. 4 per Cent. Certificates 80% N

31
23t

-
EO%

PAID. BUSINESS DONE CLOSIN€
AT ONE O'CLOCK. PRICK=.

PRICES OF
A I LWAY SHARES.
shercieen.
Do. Preference ...... 41/4 47(4. ••
Caledonian
Do. New 101. Pref..... 10 111/8 12
L'hester and Holyhead... 50
Ditto, Preference
alt Anglian, 251., L. &
E. and L. and 25
Do., Prater., 6 per Ct. VA l3/s ......
,:astern Cowl tics... ..... 20 9, IA l4
Do. New Guaranteed
6 per Cent........... 10 ...... .......
_

4X
25LY
12

11%

Eastern Union, Class A
(late E. U. Shares) 25
Do., Class B (I. & B.) 25
East Lancashire
East Lincolnshire ...... 25
tireat Northern
Do., IA B 6 per Cent... PA...... 53i, „ „ 57i,
Great Western ...... ......100 ...... 83
Ditto, 1/2 Shares
Ditto, 14 Shares
Bull and Selby .. ...... 50 ...... 95 . . 95
Lancashire & Yorkshire 96
Ditto, ditto
London & Black wall l2l.
London, Brighton, and
South Coast.— .. 50
Do. Guarant. 5 per ct.. 9 ...... 9% 9%
London and N. Western 100 ......132 . 133 ..... ...... 133
Ditto, New Quarters.. 12 ...... 16 .15% ......... 151/2
Ditto,Filths ... .
Lons.l. &S. Western ..... 50 .....
Mincheter, Sheffield,
and Lincolnshire...loo
Ditto, New 101. Pref... 10
Midland ...... ..100
Do., do., 501. Shares 30 ..... 17% 'ex.i.
Do. Consol. Bristol and
Birming., 6 per ct.... 100 125 x.div 125 x.d.
Norfolk ......... ........ ...100
N3rth British ... .... ... 25
Ditto, Quarters
Ditto Preference 2% 2s' ig...
North Staffordshire 17% 12% Xi . ...
Oxford, Worcester, and
Wolverhampton ...... 50
Reading, Guildford, and
Reigate
Scottish Central ...
Shrewsbury and Bina... 11
Ditto, New Guaranteed 8
S'a.ropshire Union
South r9.-4.-r . ........ 33% 21.-1i..... ......... 2134
Do., Scrip No 4 ...... 10
South Yorkshire, Don-
caster, and Goole lO
Wear Valley 6 per Cent.
Guaranteed ... .. ...... 50
Do. do. do. ... 25
York, Newcastle, and
Bpeor. Nwiceicw.ca—s.t.le—E—Jon. 2 20.5 •••••• 21
4 041 .!1 •••••
......

31A
2%
12%

30A

2014
14,/

Dr. G.N.E.Pralerence S ... .. -- --- —3% x.i
York and North Midland 50 ...... 31 30 tAf:-.,i .. ... 3tP;i
Ditto, Preference
FOREIGN RAIL W A Y.S
Boulogne and Amiens... 20
Central of France (Or-
leans and Vierz0n)... 20
East Indian
Namur and Liege ...... 20 ...
Northern of France...—. 18 -13 97