The Sun.
London, England, 1847-02-08 00:00:00

TH E SUN, LONDON, MONDAY MOR NING, FEBRUARY 8, 1847.

13, Great Marlborough•street.
MR. COLBURN'S NEW PUBLICATIONS..
I.
An OVERLAND JOURNEY to LISBON, at the Close of 1846
with a Picture of the Actual State of Spain and Portugal. By T.,
M. HUGHES, Esq. Author of " Revelations of Spain." 2 vols.,
small Bvo.

VOLS. 111. and IV. of GENERAL MONTHOLON'S HISTORY'
of the CAPTIVITY of NAPOLEON at ST. HELENA, completing;
the work.

111.
BURKE'S HISTORY of the LANDED GENTRY. Complete irk
2 vols. royal Bvo., price 2/. 10s. bound.

IV.
VOL. VI. of THIER'S HISTORY of the CONSULATE and.
EMPIRE. The only authorised English Edition. Translated by;
D. FORBES CAMPBELL, Esq. Bvo., ss.
N.B.—The six volumes may also be had, bound in three.

-V.
VOLS. VI. and VII. of MADAME D'ARBLAY'S DIARY and,
LETTERS. Completing the Work.
VI.
REMARKS on EDUCATION, in 1847. By the Hon. AMELIA.
MURRAY. Dedicated by permission to the Queen and the Prince
Consort. 2s. Ed. bound.

VII.
CANADA and the CANADIANS, in 1646. By Lieutanant•Colonel
Sir RICHARD BONNYCASTLE,_2 vols., 21s. bound.

VIII.
The SECOND ♦OLUME of LORD BROLIGHA3I'S LIVES of
MEN of LETTERS and SCIENCE. Royal Bvo., with Portraits,
21s. bound.

Ix.
THE ENGLISH MATRON. By the Authoress of "The English
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X.
MARY ANNE WELLINGTON, THE SOLDIER'S DAUGHTER,
WIFE, and WIDOW. By the Rev. R COBISOLD, M.A. 3 vols.,
with Illustrations.
Henry Colburn, Publisher, 13, Great Marlborough-street.

PRESENT STATE OF RANKING IN TILE METROPLIS.
On Wednesday next, price One Shilling,
AREVIEW of the PRIVATE and JOINT-
STOCK BANKS in the METROPOLIS; with Remarks upon
the Constitution of a new Chartered Joint-Stock Bank, under the
provisions of the 7th and Bth Victoria, cap. 113, being an Act to
"Regulate Joint:Stobk Banks in England."
By JAMES KNIGHT (late of Messrs. Barclay, Bevan, and Co.'s,
and 01 the Union Bank of London).
London: Effingham Wilson, 11, Royal Exchange.

RAILWAY stIAIIP.S BY PUBLIC SALE.
MESSRS. LAMOND and Co., RAILWAY
SHARE AUCTIONEERS, beg to thank their Friends
and the Public for their continued support and patronage, and
to announce that their Public Sales of Railway Shares, &c.,
take place every TUESDAY and FRIDAY, at One o'clock, at the
Hall of Commerce, Threadneedle-street, London, to which place,
favours, containing instructions (with a reference), are respectfully
requested to be addressed.
All Scrip and Share Certificates must be deposited, the day
orevious to their being offered ; and advices of results will be
forwarded by the first post after the sale, and the proceeds irate-.
ihately disposed of according to instructions.
Oakes. Hall of Commerce. Threadneedle-street. London.-

THE W:rii,ER.—SIIN OFFICE, FEBR CARY 6.
THERMOME Lthvest, 36; Highest, 50 ; Noon, 48.
tAtiti:o)l*TElt, 29 60.—WIND W.
• .
• 44. EBRUARY 7.
THERMOMETER; Cowest, 32; Highest. 49 ; Noon, 33.
ItiROMETEE, N.W. Snow during the
day; evening' sharp frost.

HIGH. WATER AT LONDON-BRIDGE THIS DAY.
Morning 4.30 minutes after 6. I Evening .. 51 minntes after 6

the development of the mental faculties necessitated
the corruption of the moral, as if education vitiated
into unnatural enmity instead of fostering to
fraternal friendship, as if the advancement of
civilisation did not ensure the retrogression of war, as
if religion and science originated hatred and blood-
shed. This fear of producing to ourselves foes in the
Asiatic tribes by imparting to them the blessings of
civilisation is nothing less than the ghost of the feudal
system. That ghost may, like its brethren, " revisit
the glimpses of the moon," but it is too unsubstan-
tial to emerge unscathed into the daylight.

But a short. while since the number was not small
of those who were ready to carp at the Government
for not having introduced a paragraph into the Royal
Speech in reference to national education. The con-
clusion was immediately and invidiously drawn, that
upon a question of such general interest the Cabinet
were altogether indifferent. We entertained a dif-
ferent opinion, which has received confirmation by
what transpired on Friday evening in the House of
Lords. The Marquis of LANsDowNE,whilst laying upon
the table minutes relative to education, recently sanc-
tioned by her MAJESTY'S Committee of the Privy
Council, embraced the opportunity of making their
Lordships and the country acquainted with the views
of the Government upon a matter to which of late so
large a portion of public attention has been attracted.
The statement of the President of the Council is a
clear proof of the unremitted assiduity with which
the Executive have devoted their minds to the in-
teresting topic of national education. The Govern-
ment are not disposed to recommend any general plan
for educating the people at large, for which the reason
advanced is, that the wide differences and keen
jealousies which unhappily prevail among the influ-
ential sections of religionists in this country present
difficulties which would render any educational
scheme, intended to be universal in its application,
completely abortive. _

It is to be lamented that the bitterness with
which the public mind still continues to be, more or
less, impregnated with the odium theologicum re•
mains an incontrovertible fact. Lord BROUGHAM,
whose whole life has manifested a continuous patrio-
tic ardour for conferring upon the masses of the
people the inappreciable blessings of education, on
Friday conceded the leading obstruction to their de-
velopment to be that, much as the two great classes
—Churchmen and Dissenters—regarded the benefits
of education, they nevertheless preferred their love of
controversy, the obdurate maintenance of which
paralyzes every effort to cultivate, by any comprehen-
sive system, the mental faculties of the vast numbers
which constitute the humbler ranks of the community.
Under such circumstances, the Government have con-
centrated their energies in favour of the next best
step that could be taken—viz., to extend the existing
system in a variety of excellent ways. Additional
inspectors are to be appointed—the best scholars are
to be instructed to render them eligible schoolmasters,
and, if they should not attain to the•requisite degree
of proficiency, employment to be open to
them in the great revenue departments—
schoolmasters and mistresses to be rewarded
with retiring pensions and gratuities—the pupils, in
towns, to have the means of gaining a practical
knowledge in agricultural and mechanical pursuits,
that parents may be induced to send their children to
school ; and, finally, to the reformation of schools in
workhouses will the Legislature be invited to afford
every facility. Such is the outline of the Marquis of
LANsnowNE's statement. It was generally ap-
proved of, and with good reason. It is a
most laudable endeavour to do much in a
direction where all that is desirable to be
accomplished cannot, for the reasons to which
we have adverted, be accomplished. We must get on
by degrees. All sound legislation is, for the most
part, a judicious compromise of opinion. Ne sutor
ultra crepidam. The Government are entitled to
great praise for the practical wisdom they have
evinced in the important suggestions which we have
enumerated. We hope their anticipations will be
amply realised.

For the first time within the memory of man two
measures of a great and comprehensive character
relating to Ireland, involving principles of great
importance and magnitude, declaring how and by
what means an entire people are to be fed during a
crisis of extraordinary difficulty, and on whom the
expenses thereby incurred are to be chargeable, have
been discussed in a calm, temperate, and statesman-
like manner, without any opposition being offered
on any side, and with a general approval of all parties;
indeed every one seemed for once to have resisted the
temptation of attacking those in authority ; and,
although some thought the Ministry went too far in
their propositions, while others argued that they did
not go far enough—while one declared that the Lord-
Lieutenant of Ireland should be invested with full
regal powers—and another demanded the total abo-
lition of the office, while some declared against Go-
vernment interfering directly with the reclamation of
the waste lands, and asserted that the sum demanded
for the purpose, 1,000,000/. sterling, would be quite
inadequate to do any good, and others expressed their
most favourable anticipations of the good effects
thereof, esteeming it the most valuable of the projects
already announced, and one calculated to effect the
greatest and most beneficial change in the social con-
dition of the country—both Bills received their
second readings, and were forwarded a stage, without
a division, nay without a single voice being raised in
opposition to their progress. " Measures, and not
men," are now looked to on every side ; and if the
proposition is good in itself it is supported without
reference to the quarter from whence it originates•
These things, however, are too good to last. We
fear that it is but a temporary truce, and not a per-
manent and lasting peace, that has been effected, and
that when the enactments necessary for the present
emergency have received the legislative sanction, the
Senate-house will again become the theatre of fierce
contests and party dissensions, of angry recrimina-
tions and hostile divisions. The common enemy is
too formidable, the exigency is of • too grave a
character to be encountered by a divided and dis-
united Legislature; but when that difficulty is
removed things will resume their ordinary course
and flow in their accustomed channels.

It would be very desirable if each measure was
considered on its own peculiar points and on those of
others immediately connected with it, and Honourable
Members should not be impatient because everything
that may be necessary during the progress of the
session has not already been brought forward, or even
alluded to in the Ministerial scheme. The first
grand necessity is to carry into execution the means
necessary for obtaining a present provision for the
people ; the hungry must be fed, the naked must be
clothed, the sick must have their wants attended to,
before any of the more permanent measures are even
discussed. The grand jury laws may and most
assuredly do want revision and an extensive reform,
but full time still remains for the most searching in-
vestigation (if such should be considered necessary)
into their mode of working, and the vile system of
road jobbery that has been effected by their means,
that too frequently has transformed many of the Irish
farmers and gentry into what, in one point of view,
may be termed "highway robbers," and for passing
the necessary changes into law.
PaNrirl'ieamehnatve
hasas yetusuallybeen only reachedbn
the period when
assembled,
and
when the preliminary skirmishing is about to com-
mence, and yet much has already been done. The
public works on roads are to be abandoned, save so
far as it may be necessary to complete the under-
takings already commenced. The destitute poor are
to be fed by rations distributed to them, and thus
their labour will be left free for, and applicable to,
that most important description of work—the fit and
proper cultivation of the soil—the adequate prepara-
tion for the ensuing harvest ; and a sum of money is
ready to be advanced by the Government (which will
doubtless be increased, if it should appear that there
is an urgent necessity for a larger expenditure in that
manner), in order to enable the more impoverished of
the small farmers to obtain the necessary seed to sow
into the land, which they are now unable to procure
from their own diminished resources. The
Irish Poor-law is to be extended with the
general approbation of the Irish as well as the
English Members. As in other matters there are
differences as to the details, and some of those having
property in that country have expressed great fears
of the effects of a concession of the right of out-door
relief to the able-bodied poor, we
.think, however,

that sueh a fear is unfounded; there are ample op-
portunities for the profitable employment of all the
labour of the country in the cultivation and improve-
ment of its soil, and the certainty that the labour
must be paid for, under any circumstances, will
stimulate the landlords to direct it into profitable
channels. They will thus be compelled to accept the
benefits and assistance offered to them by the nation,
and to bring their lands into the highest state of fer-
tility and productiveness. Like children, they contend
against the salutary medicine, which may at first be
unpleasant, but will assuredly produce the most
beneficial effects. We most sincerely hope that all
the other measures relating to Ireland may be dis-
cussed in the same spirit and temper that has
hitherto characterised all the debates relating to that
country.

A totter from Homburg of the 29th ult.. says—
_ _

" When the late Landgrave, Philip Augustus, granted to
Messrs. Blanc, brothers, of Nantes, in France, the exclusive
privilege of keeping the gaming-tables at the baths of Hom-
burg, the only condition imposed upon them was that they
should pay to the State an annual sum of 26,000 francs ; but
reserved to his successor the right of increasing this contri-
bution, or of withdrawing the privilege from Messrs. Blanc
and granting it to other persons. The new Landgrave, Gus-
tavus Adolphus, who has just taken the reins of government,
has exercised this right, and, taking advantage of the sup-
pression of public gaming-houses in nearly all the baths of
Germany, has signified to Messrs. Blanc that he should with-
draw their privilege unless they entered into an engagement
to pay an annual contribution to the State of 62,000 francs;
to pay annually into the treasury of the municipality of
Homburg 104,000 francs to be employed in the embellish-
ment of that capital ; to build at their own expense a theatre
at Homburg, and lastly, at their own expense, in the city, an
hospital for 150 sick paupers, and to have them constantly
taken care of without any charge to the Government or city.
However exorbitant these terms may appear to be, they
have been accepted by Messrs. Blanc, upon the only condi-
tion that they may be allowed to form a joint-stock com-
pany, with a capital of 3,900,000 francs, to be divided into
3,000 shares of 1,300 franca each, which condition the Go-
vernment has acceded to.

Madrid papers of the 29th ult. hare arrived.
A Ministry is at length formed, under the Presidency
of the Duke DE SoToluAroß. The following is its com-
position :
The Duke DE SOTOMAYOR President of the Council
and Minister of Foreign
Affairs.
M. BRAVO Mumixo.... Grace and Justice.
M. SEIJAS LOZA.NO
M. ROCA DE TAGORES Public Instruction.
M. SANTILLAN
General PAVIA
M. RALDA SA NO Marine.

The new Ministers were sworn into office on the 29th.
MADRID BoLSA, JAN. 29.—The Three per Cents.,
32 buyers, it sellers; Five per Cents., 204 buyers,
sellers; Passive Debt, 6i buyers, sellers; Coupons,
18:1 buyers.

We have received the Paris papers of Thursday.
There is to be a debate on the subject of the Mort-
pensier marriage after all. M. GulzoT's refusal to dis-
cuss the matter on Tuesday, his appeal to the patriotism
of the Opposition, was merely a trick, quite worthy cf
the other tricks which M. GulzoT has practised in re-
lation to these marriages. The object of this trick was
discovered on Wednesday, when the Journal des Debats
and the Presse raised a song of triumph over the
Opposition pretending that they felt themselves beaten,
that they did not dare to attack M. GulzoT on the sub-
ject of the marriages, and that the silence of M. TRIERS
was a tacit admission of the injustice of the charges
brought by the Constitutionnel. On the meeting of the
Chamber M. TRIERS stated that he should have spoken
on the subject of the marriages but for the appeal made
to his patriotism by M. GUIZOT, and the declaration by
the Minister of the inconvenience which would attend
the discussion. M. GUIZOT then rose, and with mar-
vellous effrontery denied that he had made any appeal
on the subject, denied that he had attempted to
stop the discussion, denied that he had ever
said the discussion would be inconvenient, de-
clared that he had never seen any inconvenience in
a moderate debate, but added, that as he had not been
attacked, he did not see any reason to provoke discus-
sion. This brought up M. CREMIEITIC, who reminded
the Minister that his speech, upon the conclusion of
which, on Tuesday, M. GUIZOT had made his remark-
able declaration, had been one continued attack on the
Government. It was finally arranged that the discus-
sion should take place on Thursday, and that M. TRIERS
should begin. A discussion followed on the Cracow
question, and the ambiguous words of M. GuizoT's pro-
test are made use uf in the Address:—"La France dillsire
sincirement le respect de I'independence des dkats, et le
maintion des engagemens, dont aucune puissance ne peut
s'affranchir, sans en affranchir en meme temps les autres."
These words are purposely ambiguous. They contain
an arriere pensie, and are intended to be a covert re-
pudiation on the part of France of the Treaty of Vienna,
to be referred to as such whenever the day shall arrive
in which she shall find herself strong enough to carry
out- her ambitious views of aggrandisement at the ex-
pense of her neighbours; indeed, M. VITET, the re-
portet of the Address, characterised it as a pretest for
the past and a reserve for the future—a description, the
truth of which was confirmed by M. GulzoT. The sitting
was enlivened by a Radical speech from M. DE GENOUDE,
the Legitimatist, which so horrified the other members
of the party, that they have excommunicated the culprit.
On Thursday the discussion on the Montpensier mar-
riage was commenced by M. TRIERS, who was speaking
precededt
when the post left, at which timequesti he had been addressing
ttiueeeCtiheanmebferthfoer hours.nthergeeetiatiensw
Hh
which
ch
into
h the
e
marriage, and declared that he bad read with attention
all the documents, and he gave it as his solemn convic-
tion that the Whigs had not in the least deviated from
the engagements entered into by their predecessors. In
every respect had they been faithful to the principles
laid down by England as agreed to with Lord ABER-
DEEN. Here the Honourable i'lember dwelt for some I
time upon Lord ABERDEEN'S letter to the Due
DE soToauvon, Lord COWLEY's dispatch of the
13th of July, and Lord PALMERSTON'S letter
to Mr. EtTLlvErt of the 19th of July, arguing
that Lord pAymEasTois had done nothing more than
had Lord ABERDEEN. It was, however, in consequence
of that dispatch of the 19th July, that M. GulzoT con-
sidered himself relieved from his engagements. What
was more, the correspondence between Lord PALMERS
TON and M. GrazoT continued after this date, and his
Lordship reiterates and confirms anew his declaration,
that Don HENRI appeared to him the fittest candidate
for the hand of the QUEEN. How did M. Guizor
reply ? Let us, said he, unite our efforts in favour of
Don HENRI;
and in conformity therewith, Mr. BULWER
receives orders to use his efforts in favour of
Don HENRI. On the 22d of August, both Cabinets
are in accordance, or, at least, appear to be. How.
ever, Count linsasoN, at Madrid, is acting in a very
different sense. In London, i
Paris he was said
to have been doing wonders. He was, however,
not capable of doing either one or the other—
Count BassoN bad just executed the orders he
had received. On the 28th August the marriages were
decided at Madrid. He approved of the QUEEN'S mar-
riage, but certainly that of the Duo DE MONPENSIER
was not, in a political point of view, worth the sacrifice
of the English alliance. " You have, said M. TRIERS,
"given England a check ; but, mark my words; you
will have to pay for it."
He proceeded to observe upon
the assertion that the Court of Spain bad insisted upon
both marriages taking place together ; but such asser-
tion, he said, was not supported by the official docu-
ments. M. TRIERS then condemned the policy pur-
sued ; in his opinion the marriage of the two sisters
with both brothers would have been best. Passing
from the policy of the question to the procedes observed,
he declared that they were abominable. The French
Cabinet, in the first place, was wanting in frankness
Having decided upon escaping from its engagements, it
continued negotiations commenced under the emprise of
those engagements. Want of frankness was particu-
larly manifested in M. GUIZOT'S interview with Lord
NORMANBY.
The Opposition journals make some strong remarks
on the explanation given by M. GulzoT on Wednesday
of his conduct on Tuesday, which explanation they con-
sider an insult to those Members who had addressed the
Chamber before M. GuizoT made his remarkable de-
claration.

The Constautionnel say s—
" M. Guizot did not perceive that he only defended the
self-love of the author at the expense of the statesman. It
was thought on Tuesday that M. Guizot, in presence of the
difficulties of the situation, and not to add to its gravity,
found it inconvenient to speak, and demanded the suppres-
sion of the discussion as a concession, as a desire which
every one felt to see peace confirmed. Yesterday, 11. Guizot
himself declared that he wanted to avoid the trouble of
replying to adversaries who were not worthy of him. This
was strongly shown by MM. Berryer and Cremieux, who
pointed out how unbecoming was the explanation given by
M. Guizot of his declaration of the day before. But M. Thiers
had another duty—to take formal note of the reiterated de-
claration
that he saw no inconvenience in the discussion taking place, but
of :11. Guizot that be bad not appealed to any one;
he was unwilling to commence it ; that he had taking a pre-
caution for himself, and not for the country. In consequence
of that assertion, the motives which had determined the
Opposition to guard silence existed no longer, and hi. Thiers
announced that he intended fulfilling the new duty thus
imposed on him by the declaration just made by M. Guizot.
The representative Government is one of discussion, and it is
important with the dignity of the assembly that the gravest
questions that have been examined since 1830 should be 1

completely discussed. This is what M. Thiers expressed
amidst the applause of the whole Chamber."

We read in the Quotidienne:—" Our number of yes-
terday was seized at the post-office, and in our bureaux.
The warrant does not name the article which called forth
this act of authority. We have searched in vain for a
phrase or word which could have been a motive for any
act of severity."

Coußs AUTITENTIQUE.—PARIS, FEB. 4.—French Five per
Cents., 118 f. GOc. ; Four-and- a- Half per Cents., 109 f. 75c. ;
Three per Cents., 35f. 40c. ; Bank of France Sares, 3,280 f.;
Obl. of the City, 1,325 f.; Neapolitan (Rothschild's) Defini-
tives, 101 f. 30c ; Romans, WOO.; Belgian Five per Cents.
(1840), 101 f.; Ditto (1842), 102%f.; Ditto Bank, 910 f.;
Spanish Three per Cents., 34%f.; Exchange on London—
one month money, 25f. 221i2c.; three months, money,
25f. 7 Voc.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, FEBRU4RY 5.

Boulogne and Amiens, 14%—Luxembourg, 2 18—Nanaut and Liege,
2%—Northern of France, I.l4—Orleans and Bordeaux, 7 —Over
Yssel, 3 dis.—Paris and Lyons, 7% —Rouen =inane, 26 %—Sambre
and Meuse, 6%.

MONEY and COMMERCIAL NEWS.
(From The Sun of Saturday Night.)
The Cotton market at Liverpool has receded about %d.
per lb. for American sorts, during the present week. Brazils,
Egyptians, and Surat have been steady. The quantity sold
has been 27,040 bales, of which 7,800 American were taken
on speculation. The stock is 449,410 bales against 867,410
bales at this time last year. The average consumption per
week this year has been 17,226 bales, while last
year to the same date it was 32,582 bales, a
striking result of the effect of high prices. The
speculative purchases this year have increased, on the
other hand, by 26,800 bales. These are facts worth know-
ing, and will be appreciated accordingly by reflecting in-
dividuals.
The Share Market at Liverpool yesterday was rather
firmer.
The Bank of England returns to January 30 are of some
importance, as the following note of the principal changes
during the week will serve to prove :
Notes issued, 26,172,8701. ; decrease, 593,3901.
Bullion, 12,901,6581.; decrease, 541,222/.
Public deposits, decrease, 205,6171.
Other deposits, decrease, 695,895/.
Seven day and other bills, decrease, 11,303/.
Other securities, decrease, 383,5851.
Notes, decrease, 463,6151.
Although the exchanges were rather firmer yesterday
afternoon, the exports of bullion are known to be large this
week, at least lr:lf a million sterling, and the arrivals of
grain continue large, as well indeed as of other provisions.
There is nothing, of particular novelty in the advises from
New York. The banks are stated to be in a healthy condi-
tion, and trade wos active as might be expected with such
large exports.
The Public Securities have been exceedingly quiet this
morning. Consols realise 91 to 91% for transfer and the
account day. The premium on Exchequer-bills has been
firm, at 4s. to 7s. premium. The New Three-and-a-Quarter
per Cents. have realised 92% to 93%. Bank Stock is firm,
at 203 to 204.
Mexican Stock is still rather in favour, under the im-
pression that the mediation of our Government will be of-
fered. The Active Bonds are 223% to 231%. Spanish
Three per Cents. are supported at 34%. Dutch Four per
Cents. have been quoted 921 to 92%.
The Share Market is rather more buoyant.
BRITISH FUNDS. ONE CLOSING
O'CLOCK. PRE. ES.
Bank Stock .. .. 203 204 204
Three per Cent. Reduced Annuities .. 91% 91 91% 91 %
Three per Cent. Consols Annuities 91% 91 91
New Three-and-a-Quarter per Cent. Anus. 93% 92% 92%
Long Annuities, Expire Jan. 5, 1860 .. 9 9-16 9 946
Consols for Account .. 91% 91 91
Exchequer Bills. 1 % d. I%d.
1,0001. .... 7 pm. 8
5001. .... 4 7 pen. 7
Ditto, Small 4 7 pm. 7
ONE CLOSING
FOREIGN FUNDS. O'CLOCK. PRICES.
Brazilian Bonds, 5 per Cent ..
Ditto, for the Account .. 86
Chiller' Bonds, 6 per Cent .. . 94% 94%
Ditto, Deferred, 3 per Cent .. 63% 52% 5214
Grenada, 1 per Cent ty 19
Mexican Bonds, 1846, S per Cent .: 23% 2314
Ditto, for the Account .. .• 224 X 22%
Peruvian Bonds, 6 per Cent. .. 39% 39 %
Russian Bonds .. 112% 112%
Spanish Bonds, 5 per Cent ..
Ditto, for the Account • • .. . 24% 24%
Ditto, 5 per Cent. '38,39, 40, div.lB4.l‘ 23 , 23
Ditto, Passive Bonds a
Ditto, Deferred 16% 16%
Ditto, Three per Cent .. 34% 34%
Ditto, for the Account .. 34% 34%
Dividends on the above payable in London.
Belgian Four-and-a-Half per Cent .. 94%
Dutch Two-and-a-Half per Cent ..
Ditto, 4 Der Cent. Certificates .. 92%% 92%
PRICES OF BUSINESSCLOSING
DONE AT
RAILWAY SHARES. PAID. PRICES.
ONE O'CLOCK.

• Amber., Notting., Beaton, and
Eastern Junction . . 2% .. 2%
Birmingham and Gloucester.. ..100 .. ••..•• • . .. 126
Birmingham and Oxford Junction 5 .... .. ••.. • • . 14
Birming., Wolver., and Dudley • . 425. • • ........ 5% p
Boston, Stamford, & Birmingham 225. %% p . p
Buckinghamshire .. 84s. •• • • %P••• • • • • • Ys P
Caledonian
Cheltenham and Oxford .. 2 .... 13s ...... 1%
Cornwall . .. 5 ....
Direct Northern Scrip ..2%....
Eastern Counties .. 20 .. 21% 22
Ditto, York Extension .. 4 .... 4% • • 4%
East Lancashire • .. 14 ••• • . • .... •• • 16%
Ditto New .. .. 5 . • 7
Ditto, ditto New Scrip • • .. 1% •• • • .. • •
East Lincolnshire .. 4 .... 6 %•• • • .... 6%
Great Northern (London &York
Regd.) 2%....

Do., do (Direst Northern Regd.) 37(.... 31Z ...... • • 3%
Great Southern & West. (Ireland) 2734 .... 2631 .......... 26%
Great Western .. •. 85 •• .. •- •• .• .. 125
Ditto, Half Shares .. 50 .... 74 .• ........ 74
Ditto, Quarter Shares 12%.... 193% 1934
Ditto, New .. • • • • 4% •• • • 9 • ..... •• • • 9 -
Lancaster and Carlisle 50 .... 643¢ • 643(
Ditto New .. • • • • • • • • 5 •• • • 8149.•• • • • • • 9
Leeds and Bradford .. • • .. 35 .... 81% • • • • 814
Leeds and Think .. 22 94 . . . .
Ditto, Preference 6 per Cent. • . 3% .• . • ...... 434
Liverpool, Crosby, and Southport 2 .... .. • • •• .. 4%
London and Blackwell .. 161. 13s. 4d. .......... 8
London, Brighton, and S Coast.. 50 •• . .......... 53%
London an I North-Western . ..100 .193 .......... 193
Ditto, Fifths .. 2 .... -- ........ • • 19
London and South-Western • .411. 6s. 10d... .• • • .... 64%
Ditto, Tenths .. .. 5 .... ..........
Dittei, Tenths .. • . • • .• 4 .• • • 44 . 4iq
Lynn and Ely .. .. 20 .. 22% % ••. • . 22%
Lynn and Dereham .. • • 15 .... 17 ••••.. • • • 17
Manchester and Leeds .. .. •. 82 .... .•••• • • • • . 1083
442Zt.. .1)p. 1 All %pp
Manchester,
DittoD t o ,
ExtensionSixteenthsßuxton,
Midland .. •• .. • • .. .. 100 ..•1253, ... . . • 125
Ditto, New .. .. • • .. 30 .... 35% 35%
Ditto, New .. .. 2 .... .. •• • • ...• 6
Newcastle and Berwick .. •. 20 323
Norfolk .. • • .. ..100
North British .• .. • • 95 .. • • 34%
Ditto, Half Shares .. .. • • 12%
Northern and Eastern .. .. 50 .... —
Ditto, New . .. 14 .... 23 ••..• • • •
North Staffordshire .. • . .. 5 .... 8% 34 .... •• • • 8
Preston and Wyre .. • . .. 25 —
Ditto, Half Shares • . 6% .... 94 ••..•• • • • • 10
Reading, Guildford, and Reigate 5 •• • • 3% % • .......374
Scottish Central - . .. 15 .... 22 .• ••• • • 12
Scottish Midland .. 17% ••• • •
Shrewsbury and Birmingham .. 3 .• .. 4 ••••• • • • • • 4
Ditto, Class B .. • • • • • • 14 •• • • 194•••• • • • • • • 1%
South Devon
and. . ••
Door : .
South 40
Eastern
Do., New (do. 151.) .. No. 4. 3%.... • • .... • •
•••
: % •
.•. 34
: .•:. .. . •.
. ...: • 3374%
South Yorkshire, Doncaster, and
Waterford and Kilkenny .. 1 .... 53C
West Riding Union .. • • .. 425. . • 1% 13• • •
York and Newcastle .. .. 25 .... ••••• • • • • •
Ditto, New.. .. .. 5 .... ..... ••• . • 12
Ditto, Preference .. .. 2 .... 76%
York and North Midland .. .. 50 .... .. • •
Ditto, Extension .. .. 20 .... ........ • • 37
Ditto. Preference .. .. 2 .... ... •
Do. E. and W. Riding Exten... 5 .. • . 17 ........ • • 17
FOREIGN RAILWAYS.
Boulogne and Amiens j.. .. 18 .. •••• • • • 14 74
East Indian .. • ss.
Great Southern of Madras a ...ss.
Louvain ala Sambre .. .• • . 6
Luxembourg • • • • .. 6 . ..... .
Namur and Liege .. • • .. 8 .... %.. • • • • 2%
Northern of France • • .. • • 8 .... 123 a %% ••.. • • 1236
Rouen and Havre -. .. 20 .... 26% ......•••• 27
West Flanders .. • • • • • 6 .. • • 2Po•••• • • • • • .
JOINT-STOCK BANKS.
Provincial of Ireland • • • • • • 25 • • 443{ 44

AMERICAN NEWS.

LATER AND IMPORTANT FROM MEXICO
AND THE UNITED STATES.
LIVERPOOL, FRIDAY NIGHT.
The splendid and really fast-sailing New York packet-
ship Yorkshire, Captain Bailey, has just arrived here
from that city, after a passage of twenty days. She
brings papers to the 17th ultimo, four days later than
the accounts already received via Havre.
The chief item of important intelligence is that relating
to the war with Mexico. We take the following sum-
mary of news from one of the New York papers just
received:—
" The great topic of interest here, and possibly in Europe,
as connected with the war between the United States and
Mexico, has been for some time to ascertain the views of
the Mexican Congress: as to the pacific overtures formally
made by this country. We have information of the meeting
of the Mexican Congress on the 4th ult., but up to the 15th,
to which dates from the capital have been received, no
direct reference seems to have been made to this subject, so
that a previous rumour which obtained general credence with
us, that the Congress had refused to entertain any proposition
from our side while the American soldiers remained on the
soil, and American cruisers off the ports of Mexico, is un-
founded. But the Congress is said to have declared for Santa
Anna as President, and this would seem to give authority
to the language of that personage in his last letter to General
Taylor, in which he expresses the decided opinion that
Mexico will never treat for peace while the enemy's troops
occupy her soil. A few days more will probably give positive
intelligence on this point.
"The solicitude felt here for some days past for the fate of
General Worth's corps in the advanced post Saltillo, me-
naced by a much larger force of Mexicans from San Luis de
Potosi, was relieved this morning by the intelligence that,
instead of striking at Saltillo, this Mexican force had ad-
vanced towards Perms, in the expectation probably of sur-
prising General Wool who had occupied that place, but
who, it now seems, in obedience probably to anterior orders,
had united his detachment with that of General Worth at
Saltillo. General Twiggs and also General Quitman, with
their respective commands, had reached Saltillo, and the
combined force would be able to hold that place—if provi-
sions and water fail not—against any attack. Meantime
General Patterson had reached Victoria, and thus shut up
the pass from the sea-board to San Luis.
" Major-General Scott had embarked on the Rio Grande
for Camargo, and would probably assume the command-in-
chief on reaching there, acting therein in perfect harmony
with General Taylor, who, we are quite safe in assuming,
instead of desiring to be relieved and return home, will
cheerfully co- operate with his senior officer and friend,
General Scott, in all places and movements for the good of
the service.
"On the Gulf coast another blow has been struck at the
resources of Mexico by the capture of Laguna de los Termi-
nos, in the provinces of Tobasco, and of some cannon and
munitions of war there.
"In the Congress of the United States, amid a good
deal of animated discussion about the origin and conduct
of the war, but one opinion prevails as to the propriety and
necessity, now we are in, of fighting it out, and men and
money will be freely voted. Already a Bill for raising ten
new regiments of regulars has passed the House, and has
been promptly taken up in the Senate. Another Bill autho-
rising a bounty of 12 dolls. to each enlisted man had previ-
ously been passed, and is now the law, and recruiting under
it has commenced.
" There is more difficulty about money than about men,
The state of the Stock Market, in which the United States
Six per Cent. Stock I,,st issued, is selling at 97 or three per
cent. under par, combined with the influence of the sub-
treasury law, which requires that all payments to the Go-
vernment shall be in coin, operate strongly against the pos-
sibility of effecting any new loan at or near par for a six per
cent. stock. In order to obviate these difficulties a Bill re-
ported from the Committee of Ways and Means is now
before the House of Representatives, authorising the issue of
twenty-one millions of Treasury notes, in sums of from
50 dolls. to 100 dolls., bearing six per cent. interest, pay-
able at the end of two years, or with the privilege, at
the option of the holder, of being exchanged for a six per
cent. stock having twenty years to run—these notes to be
transferable by endorsement, and receivable for all dues to
the United States, and the proceeds from the sales of the
public lands, which average some two millions to two and
a half million of dollars, to be specially pledged for paying
the interest on these notes, which, moreover, may he re-issued
at pleasure, so that the whole amount in circulation at any
one time does not exceed the original sum of twenty-one
millions.
" This issue, it is thought, if sanctioned by Congress,
will find favour with the public, as offering a safe invest-
ment for surplus funds, of which a large amount is on de-
posit in the various banks, with all the chances of a rise
in the United Six per Cent. Stock, which the restoration
of peace in the intermediate time could not fail to bring.
Being transferable, moreover, by endorsements, and issued in
small sums, they will constitute a valuable and convenient
currency.
" The effect upon the general currency and business in-
terests of such an absorption of the capital usually employed
in commerce, may indeed be prejudicial. Yet even this evil
would be much mitigated, if a large portion of the issue be
in notes of small denomination, which in that ease would pass
from hand like bank notes.
" At any rate this seems the most, if not the only feasible
plan for raising money, and what is hardly less important to
the Administration, of avoiding the imposition of taxes, or
the augmentation of duties."
Respecting the commercial news, we find the following in
a paper of much repute is New York. It is dated Jan. 16 :
" Since the departure of the steamer of the Ist instant
there has been a good deal of animation and business in the
cotton and produce market. The advance in cotton generally
since that date may be stated at from lfy to % of a cent. per
lb.. and the demand is still good, mostly, however, for home
consumption and for speculation. Freight to Liverpool for
square bales is from ss. 6d. to 3s. ad. per lb.; to Havre from
1 to 11/2 cent.
" For best flour the price remains about 5 dolls. 50 cents.,
without any very animated demand.
" In Exchanges on Europe there is considerable activity,
with an upward tendency. Bills on London range from 54
to 6i, on France at 5 421; to 5 434.
" Below 6i on London bills, coin can still be imported to
pay commission, and considerable sums are looked for by the
steamer of the 4th instant."
A correspondent, on the 16th of January, observes :
" The markets still sleep in the torpidity of winter. Though
cotton is rather brisk, and with an upward tendency, yet no
quotations to be relied on as permanent, can fairly be made
until after the arrival of the Hibernia, now expected in a
few days. The sales for the last week in New York have
varied at from 1,200 to 2,000 bales per day. Freights are
lower, and ships becoming tolerably numerous-4s. 9d. for
flour, and 17d. for grain, are the average rates to Liverpool.
Exchange on London is rather scarcer than usual in the
market, and up to 54 and 6 per cent. ; on Paris, sf. 42ic.
Stocks are dull. Money 6to 8 per cent. Flour is firm at
5 dolls. 50c. for Genessee, but not brisk ,• 4 dolls. 75c. for
Pennsylvania ; and 4 dolls. 75c. in Baltimore ; fine Rich-
mond city, 9 dolls. 50c. to 75c. ; Indian cern, 73c. ; ditto
meal, 3 dolls. 874 c. ; Ohio wheat, 111 c. ; Genessee, 118 c."

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