The Sun.
London, England, 1847-07-17 00:00:00

itrinue

LONDON, SATURDAY, JULY 17, 1847.

political
Mr. ROEBUCK lives in the atmosphere of
tumult, and likes it. Such was the humorous but
plain-spoken avowal of the Hon. and Learned Gen-
tleman the Member for Bath, when addressing the
Liberal electors of London, te3terday, on the pro-
priety of accepting the four popular candidates—
LAB:PENT, pArnsoN,
rtOTHSCIIILD, and RUSSELL.
.. politician who undertakes to represent the opinions
of any given constituency in Parliament, with any
latent disrelish for the toils and agitations of legis-
lation, is not the sort of man to select among the
different oandidateCandifference, even, is a charac-
terfilic lorrit:! be considered sufficient to dis-
fy aikpereqn from receiving the suffrages of the
~* ,calied..;million. There must be a rnanisfesta-
tion;et something more than a tacit willingness to
'shake ir the rather onerous duties of the House of
common beforditirandidate, can look with confidence a I
the spuaval orthe electrs cf United -4.igg.

THE SUN,

dom. This, at least, should be the common agree-
ment of the householders and freeholders of the em-
pire, if they are solicitous to behold a Parliament
fruitful in measures, and improvements, and inno-
vations for the advantage of themselves and their
posterity. Exactly this kind of politician in ardour,
in enthusiasm, in consistency, in perseverance, and in.
a natural and positive liking for the atmosphere of
political tumult, is Mr. ROEBUCK. The motto of his
Parliamentary life, moreover, has been from first to
last,'," Civil and Religious Liberty." Those, therefore,
of the Bath constituency who are not pre-poisoned
by the virus of bigotry and intolerance will not
lightly abandon the advocate who has so long and
earnestly laboured at St. Stephen's in the cause of
progress and civilization.

Satisfied as we are that the opinions of such a man
as Mr. ROEBUCK must be listened to with respect by
his own personal electors, we are no less convinced
that his opinions will weigh considerably with those
citizens of the metropolis who are possessed of the
elective franchise, and who are at the same time
determined to give their votes to none other than the
real friends and champions of the people.
The speech in which the Honourable and Learned
Gentleman the Member for Bath reviewed the merits
of the four Liberal candidates for the representation
of London was candid, bold, and logical in its very
abruptness. If there might be supposed to be any
bias in the mind of Mr. ROEBUCK with reference to
Lord J. RUSSELL as a political leader, one would
expect it to be rather a bias averse than favourable
to that eminent statesman. So, at least, the super-
ficial observer would calculate from the frequency
with which Mr. ROEBUCK'S name has appeared in
opposition to the measures of the Prime Minister.
Differing, however, as the Member for Bath does
upon many points with the Premier, what is the
opinion expressed by him of the character of that
Noble Lord ? " A more high-minded, straightfor-
ward, and honest man than Lord J. RUSSELL I do not
know." That is surely a splendid panegyric. To how
many Prime Ministers bygone would those three adjec-
tives apply besides Lord J. RUSSELL? To how many
politicians ? To how many public characters ? And
the Premier has not only earned such eulogiums for
straightforwardness, highmindedness, and honesty by
a long, active, and enterprising career as a reforming
statesman ; he has done immeasurably more, he has
preserved undiminished that ardour for the general
good, that love of liberality, that passion for legisla-
tion, and that inflexible resolution to toil, and even to
drudge, unceasingly in public business, which are the
only true qualifications of the leader of a Government.
If the electors of London, therefore, are desirous
to be represented by a man who is capable of inhaling
the atmosphere of political tumult, and who has ac-
tually a relish for it, they can have no hesitation
whatever as to the acceptance or the rejection of Lord
JOHN RUSSELL. His political creed, moreover, is pre-
cisely the same as when he last appeared before them on
the hustings in Guildhall. He was there received with
the enthusiasm due, not so much to the fact of his
being the descendant of a patriotic race, as to that
great fact of his Parliamentary life—his ardour in
the cause of liberality. Let him and his colleagues be
received with not one jot less of enthusiasm, for the
same reason exists to-day as existed yesterday. Be-
sides, what can be expected from the opponents of
Lord JOHN RUSSELL and his brother candidates ?
What can be expected from men, the beatings of
whose hearts are for the reverse of the sublime prin-
ciples of civil and religious liberty ; of men who, in an
age of " progression," are for a moral " stoppage"
that would prove disastrous and destructive ; of men
whose animosity to such practical measures as that of
sanatory improvement damn them to everlasting fame
as THE DIRTY POLITICIANS ?

The long-expected proposition on behalf of the
Spanish Government has at length been submitted to
its duped and deluded creditors. The bantling pro-
duced after Mr. HENDERSON'S nine months' labour in
Madrid, after his interviews with Spanish Min►sters
and diplomatists of various nations, as at length made
its appearance, and truly a more striking illustration
of the old fable has seldom been witnessed.

" Ifuntes parturiunt, nascitur ridiculus mus,"

may well be applied to the project extracted with so
much difficulty from Senor SALAM&NCA, and
ushered in by his extravagant protestations as to his
anxiety to restore Spanish credit, and to do all that
is befitting, or can be looked for, from Spanish
honour. Truly that honour must be of a very
evanescent character if nothing better or more tan-
gible can be looked for at the hands of the
nation. " Base is the slave that pays," said
ancient PISTOL in the olden time, and that
Shakesperian worthy appears to have been the pro-
totype of modern Ministers of Finance in Spain, the
model they aspire to imitate. Perhaps there is not
an equally unblushing refusal. Something ap-
proaching to an apology may be made to the un-
happy creditors. The Speech from the Throne may
announce the royal desire that something may be
done, which will be duly heard, applauded, and
responded to verbally in the Cortes ; but something
invariably occurs to lead to further procrastination,
and to induce the representatives, in tender consider-
ation for the financial difficulties of the Ministry, to
adjourn to a future convocation the question in
which matters of such trivial import as the national
honour and the national honesty only are at stake.
Far better for its members to intrigue for new
changes in the Ministry, to give each successive
member of the various Cabinets which are set up and
pulled down with such edifying regularity,
after an official existence of a few brief months, a
full opportunity of accumulating a large private for-
tune by the vilest system of corruption and pecula-
tion, while the honest creditors, who advanced their
fortunes on the national faith, are involved in destitu-
tion and ruin. Far better that they should prate of
" protection to their national industry," and with
wilful blindness continue those exclusions and pro-
hibitions that lead to an organized and extensive
system of smuggling, that make wealthy capitalists
invest their money in the contraband trade as readily,
and with as few scruples of conscience, as if it were
an ordinary and legitimate commercial speculation—
that converts their hardy border peasants, qualified
for much higher pursuits, into lawless and de-
moralised banditti, contemners and despisers of the
law (within whose meshes only small game are en-
tangled), and ready tor any enterprise or act of any de-
gree of daring or atrocity, from the sale of a contraband
cigar to plundering and holding to ransom the way-
taring traveller, or plunging their stilettos into the
hearts of the victims who may have excited their
anger, or for whose removal a sufficient sum is
offered, than comply with the vulgar prejudice in favour
of payment of debts. By a judicious change and
alteration in their laws they would be enabled easily
to obtain funds amply sufficient for all the exigencies
and wants of the country, and the punctual discharge
of their national liabilities and obligations, were they
really anxious to redeem the-national character; but
so long as England will patiently see her subjects
swindled out of their property, and they them-
selves can be amused and satisfied with frivolous and
evasive pretexts or apologies, so long will the discredit-
able system so long resorted to, be continued and
perpetrated. We have too long been amused with
fair words—a more energetic course must be adopted.
The present offer is altogether "a mockery, a de-
lusion, and a snare." It opens wit:a a modest propo-
sition, that the bondholders should voluntarily give
up a certain portion of the principal money due to
them ; that they should relinquish twelve per cent. of
their claims, this sum amounting to more than
8,000,000/. sterling on the full amount of the bonds,
and to 4,520,000/. on the 46,000,0001. sterling due to
cßr
fil t
ci se h d ;
subjects,na y far i s
worse,at once
it
is
andnoitrrmeveocal irrevocably tos biefisa-
rehy its acr ce,
that is the chief objection. It
is
to
be
oih
ofa beingn d
solded over to
sl
the Spanish Ministry, for the purposedl
in.
the market, and the proceeds handedover to the
Spanish Exchequer ; if dolts sufficientlyto
dupes with more money than wit, sufficiently credu-
lous, can be found to invest their money in such a lot-
tery, from whence the prizes are all extracted, and
the blanks distributed with the most praiseworthy
impartiality. This is the pivot or turning point of
the whole proposition. Spain again wishes to become
a borrower, but her disgraced and dishonoured secu-
rities will not now attract the veriest idiot. The
i st of bands
any is
proposed loan of 1,000,000/. on
or tali
n
Treasury
cap
going begging. No contraeto
gehradaraedctearchwarilalctraedder.
cainnsttrouumehenptis of so de.
tchlsithou
beigg defiled ?" It would.-indt.:Ci be a high and un-

LONDON, SATURDAY EVENING, JULY 17, 1847.

MONEY and COMMERCIAL NEWS. I
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was quiet,
but steady. Sales 5,000 bales, of which 1,500 were on
speculation and for exportation. Total sales of the
week, 40,160 bales. Stock, 420,260 bales, against
763,180 bales at this time last year. In Shares, likewise,
there was not a great deal doing, but Frices remained
much the same.
The features in the Bank of England statement of
liabilities and assets for the week to the 10th init. are
these:—
Notes issued £23,304,805
Decrease 257,525
Rest, increase. 62,083
Public deposits
Decrease 4,493,605
Other deposits, increase
7 day and other bills, increase
Government securities, decrease 170,046
Other securities, decrease 2,011,093
Notes reserved, decrease
. Bullion .
Decrease
Active circulation 18,973,475
Increase
It will be observed from this that the changes, as
might be expected at the close of the quarter, have been
of some magnitude. With a large withdrawal of public
deposits, the Bank has been partly compensated by an
increase of other deposits, the public benefiting by the di-
vidend payments, and the railways replacing on their
own account what they had lodged with the Court of
Chancery until their Acts were obtained. To meet the
demands upon it the Bank, as usual, has obtained the
re-funding of temporary loans, but in a week or two, and
perhaps even now, may be renewing its accommodation
to the full extent to customers and others. The pay-
ments from the Balk have been met partly by an exten-
sion of issues, and partly by a distribution of coin.
There are no late ship arrivals to- day, and but little
local news is to be obtained. Electioneering now en-
grosses cniet attention, and the canvassing is conducted
with some spirit and zeal.
The Funds have been lower. Consols 88i- to 89 for
transfer, and 89 to for August. Exchequer-bills have
been 9s. to 12s. premium. The influence of the Consol
settlement being partially over, the Stock Market is now
quieter. Bank Stock is worth 196, and East India
Stock 244 k. The New Three-and-a-Quarter per Cents.
have been 91i to
The Foreign Securities have been very dull. Spanish
Five per Cents. are 21i to Ic. Equador Bonds have
been at 31, and Chilian at 921. Dutch Two.and-a-Half
per Cents. 57i
There is gee, rally a steady market for Railway Shares,
but some few exceptions may be noted. Eastern Coun-
ties are flat, partly owing to a statement that the divi-
dend will not be supported. Windsor and South-
Western are higher, as it is expected the line will be
favourably leased. Northern of France Shares are
rather dull. Great Western are firmer, and Brighton a
shade lower.
tint's ISII FUNDS. ONE CLOSING
O'CLOCK. PRICES.
Rank Stock 196 196
three per Cent. Reduced Annuities .. • • 89?" 8914
Toree per Cent. Consols Annuities
.. • • 88%8% 89 89
New Three-and-a-Quarter per Cent. Anns. 91 ~,/s% 91%
Long Annuities, Expire Jan. 5, 1860 .. 9 1-16 % 9%
Ditto, 30 years, Jan. 5, 1860 .. 8% Byo
India Stock, 244% 244%
Consols for Opening, Aug 26. .. • • • • 8914 89%
Exchequer Bills. iNd. 2d.
1,0001... •
9 12 p 12 p
5001. •
p 14 p
Ditto, small •• •• 16 19 14 p 14 p

ONE CLOSIN't,
FOREIGN FUNDS. O'CLOCK. PRICES.
Chilian Bonds, G per Cent • • • • • 921<, 92
Equador Bonds .
Spanish Bonds, 5 per Cent • • .. 2021 A 214
Ditto, for the Account • • • • • • 21
Dlvidend,s on the above payable in London.
Dutch Two-and-a-Halt per Cent • • 57% % 57%
Ditto. 4 per Cent. Certificates .. 903 k % % 90%
FRICES OF BUSINESS CLOSING
PAID. DONE AT PRICES
RAILWAY SHARES.
ONE O'CLOCK.
Amber., Notting., Boston, and
Eastern Junction . .. • . 2% •• .• 1% ••••• • • • • • I},',
Birmingham and Oxford Junction 10 .... ....
Eastern Counties .. .. .„ .. 20 .... 20% 4.. ..
Ditto, York Extension .. .. 7% •• • • 6% ••• • • ..... 61i
Edinburgh and Glasgow .. .. 50 .•• • ...... •• • •
Ditto, Quarter Shares .. .. 121 i .. .. 174 .. •• • .....
.171,4
Great Northern .. .. .. - 6 •• • • 4% ••••• • • • • • 4%
Great Southeru & West. (Ireland) 32A, .... 30% 31 ...... 31
Great North of England . .. 100 ....236 .. • ... •• .. 236
Ditto, New 301, .. ~ . .. 30 .. •• 68 ••••• • • • • • 68
Great Western .. .. • • •. 85 •'• • ••••• • • • •

Ditto, Half Shares .. 50 .... 71% 71
Ditto, Quarter 61nues 15 20%1,4 • • ...... 205
Ditto, Sew 171, 7 .. • • 10%X, .. 1054
Lancaster and Carlisle .. 50 .. • • 67 ••••• • • • • • 67%
Lu mon aria Blackwall 16/. 138. 4d. 7% • . •.. 7%
Ditto, New. No. 2 • • 21. 13s. 4d. % p.......... t 4 p
Ditto, Extension • • .. 1251 .. 6% . 614
London, Brighton, & South Coast 50 .• • • 553/ IA •••• • • • , 551 A
Ditto, Consol. Eighths • . .. 10 .... 1351 .. •• . 13
London an North-Western..loo . • 18051 .. •••• .. • • 180%
Ditto, Quarters L. and B. 12 .• • • ••••• • • • • •

. _
Ditto ditto, New Shares .. .. 2 .... 13 • •.•• .. • • 13
Ditto, 401. Shares N. Sc B. .. 40 .. • • •• • • •• .. 70
London and South-Western 411. 6s. 10d... 67 ••• • . . . 67
Ditto, Sew 501... .. 32% •• • • 381,4 ••••• • • • • • 38%
Ditto, Tenths (Consolidated) • . 50 •• • • 57 ••••• • • • • • 57

•
Lynn and Ely .. 25 .•• • ••.•• • • • .. 2.5-
Lynn and Dereham .. 20 .... 194 . ...... 19
stanehester and Leeds .. .. •• 82 •• . • .... • • ....

Ditto, Thirds (Iteg.).. ..71. 48..... % p........ % p
:Mai and ..
Ditto, 501. shares .. 6 .... 10 10 lO
Newcastle and Berwick .. .. 20 •• • • 29% % 29%
Ditto, New .. .. • • 5 .... 9
Norfolk
..100 .. ..124 ••.. ..
North Brit6h .. • . 25 „,

Ditto, Half Shares .. 121.4 ...... 15
North StaGordshiro 10%, .......... 101,1
Oxtortl, Wor'ster, &Wolverhamp. 27 1814
Preston and Wyre.. 25 ..
Ditto, Ilalf Shares (A) .. 814 .. • • ...... •• • • 13
Ditto. ditto (B) .. • • .. 1 ..........
Reading, Guildford, and Reigate 5 ....
South Eastern and Dovor .. • . 33' .. • • - ...... • •

ew (do. 101.) .. No. 4. 5 •. ••
;,,uth I,Vales . .. 15 .... 11% ...... •• • • 11.74
south Yorkshire, Doncaster, and

Goole .. .. • .. .. 2 .... 2 2
Weil Riding Union •• •• ..4/.25..... p
Windsor. Staines, &S. Western.. 425. 2.74 n • , 3 p
York and Newcastle .. 25

. -... ....... ...._ _ .... . ... —,
Ditto, Extension• • • • •• • • 10 .... ____
.......... 164
Ditto, Fret erence .. .. .. 8 .. l2 3,,', ,", .. •..... 12% x i
York aad North Midland .. .. 50 .. ..._ .... 87
....
....12y,xi........ 12 xi.
Ditto, Extension .. .. 25 .... 42% ........ • • 42,i
FOREIGN RAILWAYS.
East Indian .. `., .. .. .. 58. ....
Luxembourg ........6 .. , la" .
...
Northern of France • • • • •• 10 .... ~' 14-i;,
•• •• • • 5 5(2
OP
Paris
nasnadnLdyßoiojr de.a.u x. . .... .... 68
..
..
.. .
4
West Flanders ......... .... ___
..........
4
JOINT-STOCK BANKS.
Colonial • • • • • • • • • • • • 25 ....
MINES.
. . .

Real del Monte, Unregistered
2

SLyBll7-I.—ls-sPriPndINE.N.E., squally, with heavy
b—(THIS DAY.)
r' L
LLo
NOD
OYN ,Dj
v'
rain at times.
DEAL, JULY 16.—Wind E.N.E., moderate, and a thick
fog; P.M. N.E., moderate, and clear weather.—Arrived from
the River, and sailed, Hamlet, New South Wales; Courier,
Bahia; Deslandes, Pernambuco; Ruckers, Madeira and St.
Vincent; Duke of Bronte, Jamaica; Primula, St. Jago de
Cuba ; Ceres, Honduras ; Toronto, New York ; Royal
William, Quebec ; Guineaman, Cape Coast Castle. The
Mariposa, Parsons, has been got off the Goodwin Sands this
morning, and brought into the Downs, with loss of anchor
A rl
Byron,oyß,
and chain.
PORTSMOUTH, JULY 16 —Arrd. Rainbow, Arnold, Quebec.
LIVERPOOL JULY 16. Wind N.N.W. to N.N.E., light.—
taineer,
Rebecca,
bClark,ecca Campbell,Callao;
d Thomasi
tto ;
Pearson, New Orleans;
Eliza Alm, Blyth, ditto;
Smith, ditto; Anne,
Circassian,QS-B1
tuureretpdtsheresEn Nb 1
Baldwin,.(jNiictik, ei Crockett,
iSntt at,
Borland,ovßN a; aenhwisilll
ditto;ao;
York;un
M'Garry, Montreal ; Alert, Newfoundland. Sld. Sir Henry
Pottinger, Calcutta ; Windsor, Para ; Archer, Jamaica ;
Louisa, Baltimore; Oxford, New York; Laura, Boston;
Oneco,
Whitney,
NPopham, ditto;'hi t nTehre e oSis)temrs, hence' Halifax; Oregon, Quebec. The
Stephen to New York, was at an-
chor in a dangerous position, 13th inst., among the rocks of
Sunda. A steamer would proceed to her assistance from
Campbeltown.
PENZANCE, JULY 15.—La Bellona, of Paimpol, from
Brest, to Swansea, struck near the Longships light-house
this morning, in a thick fog, and sank almost immediately;
crew saved.
POETIICAWL, JULY 15.—The stem-board of a vessel,
marked " Cadiz," of Castletown, was picked up yesterday
near this place, and many pieces of wreck have been seen
floating in the offing.
LANCASTER, JULY Is.—The Swift, Benson, for White-
haven, has put back, having sprung a leak, and must dis-
charge.WHlTßY, JULY 16.—The Symmetry, of Lynn, which went
on the rocks on the 10th inst., has been got off, and towed
into Stockton. _

MARKET NEWS.—(THIS DAY.)
We had a ver)C-43efteEnsig‘iv're fhoAwEopf bEorn.frm't and vegeta-
bles here, nevertheless the trade was active at our quota-
tions. Gooseberries, is 3d t.,0 38 3d ; French Beans, 25;
Apples, 2s to 3s; Pears, 2s 6d to 3s 6d ; Broad Beans, is 3d
to 2s; Cherries, Is 6d to 3s; and Currants, 3s to 4s 9d
per half sieve ; Greens, is 6(1 to 2s 3d per dozen bunches ;
Cauliflowers, Is to 23 3d ; and Cabbages, 8d to is 3d
per dozen ; Melons, 2s to 58; and Pine Apples, is to
5s each ; Green Peas, Is to.3s per half-sieve ; New Potatoes,
8s to 14s per cwt; Turnips, 2s to 3s; Onions, 2s to 48;
and Carrots, 5s to 78 per dozen bunches ; Horseradish,
Is 6d to 3s; Celery, Is to 2s 3d; and Asparagus, 2s 3d to
3s 6d per bundle ; Raspberries, 3d to 8d ; and Strawberries,
2d to 9d per pottle ; Cucumbers, Id to 9d each ; Radishes,
3d to 6(1 per dozen hands; Mushrooms, is to is 6d per
pottle; Rhubarb, 4d to 8s per bundle ; Hothouse Grapes,
2s 3d to 4s per lb; Cos Lettuces, 6d to is per score.
NI WGILTE 11.71 TD LX18DE1V11.5.4.36.
Good clearances were effected on the following terms :
Beef, from 3s 6d to 4s 4(1 ; Mutton, 3s 8(1 to 5s ; Lamb, 5s
to 6s ; Veal, 3s Iod to 48 10d ; and Pork, 3s 10d to 4s
10d per 81bs, by the carcase. The supplies of Poultry here
were small, yet the general demand was heavy, at but little
variation in prices.
NEWPORT.
Beef, from 3s 8d to 45 8d ; Mutton 4s to 5s ; Lamb, 5s
1(1 to 6s 2d; Veal, 4s to 5s ; and Pork, to 5s per Sibs.
WHITECRAPEL.
Beef, from 3s 8d to 4s 4d ; Mutton, 3s Si to 5s ; Lamb,
58 to 6s2d ; Veal, 3s 10(1 to 4s 10(1; and Pork, 3s 8(1
to 4s 10d per Sibs.
BILLINGSGATE.
Only moderate supplies of Fish were on offer, yet the de-
mand was by no means active, at late rates.
HUNGER/VIM.
Full average supplies of most articles were on offer, while
the
general demand was steady, at but little alteration in
prices.

BREAD.
The prices of Wheaten Bread in the metropolis are from
10d to 101,4 d
; of household ditto, 8d to Vhd per 41bs
[oaf.

RIDE ausiummir•
to 1041 b, 514 d to 514 d. Calf Skins,
Market Hides, 561 b to 641 b, 214 d to 21,0 per lb ; do. 641 b to
721 b, 2:!.id to 3d ; do. 721 b to 801 b,
each, 4s 6d to 6s 6d ;
31nd to 3:-Yld ; do. 801 b to
881 b, 4d to 4iAd; do. 881 b to 961 b, 41,0 to sd; do. 361 b
Horn Hides,
to 2s 6d.
13s ; Shearlings, lld to is 4d; Lambs, is 10d

Ray maRILETS.
SMITHFIELD.-01d Meadow Hay, 3/ 5s to 4148 ; New ditto,
21 5s to 3/ 83 ; Old Clover, 4/ 4s to 51 ss; New ditto, 31
53 to 41 4s; and straw, -11 12s to 1/ 16s per load. Trade
dull at full prices.