The Sun.
London, England, 1841-02-12 00:00:00

gratified.

Sir R. PEEL approved of the inquiry, because
he thought it would result in showing that the
scheme of emigration was not practicable. Ac-
cording to him, therefore, who will not allow the
people to have food, there is nothing for them
but to starve and die.

After a brief discussion the Committee was
appointed, nobody, we believe, expecting that
4 will or can do the least good.
Sir H. VIVIAN obtained leave, with very ge-
neral approbation, to bring in a Bill to execute
the Ordnance Survey of England and Scotland,
on a scale of six inches to a mile.

The Committee to inquire into Banks of Issue,
which sat last Session, was re-appointed.

The ATTORNEY-GENERAL for Ireland obtained
leave to bring in a Bill to continue the Irish
Turnpike Acts. The Court of Exchequer (Ire-
land), and the Tithe Corporation (Ireland) Bills,
were read a second time.

The House adjourned at Quarter past Eight.

One of the objections made to the New Poor-
law, when the Bill was passing through the
House of Commons, was that it would concen-
trate on the Government, and so endanger it, all
the discontent of the poorer classes, previously
rendered harmless by being diffused and dis-
persed over the various local authorities, in
whose hands was placed the management of the
poor. We conceive this prediction to have been
verified to the letter. Since the Act was passed
the'three Commissioners, and the Government—
using that word in its most extensive sense,
including both the legislative and executive
powers—have been the objects of incessant
vituperation on account of it ; and we have no re-
collection of any single law which has drawn on
the Government through successive years so much
contempt and hatred from the bulk of the poorer
classes. That circumstance has, in our opinion,
weakened the Government very much, and much
diminished its power to protect the peculiar spe-
cies of property, and all the great interests that
depend on it for their existence and protection.
We refer to that point to guard against com-
mitting similar errors in increasing the enormous
responsibility of the Government, and sinking it
by taking on board too heavy a cargo.
A few months ago unhappily several accidents
occurred on railways. A panic seized the pub-
lic, which was fostered by ignorant and inte-
rested writers. If the Government have any
duty on such occasions, it is to ascertain exactly
what ground there is for apprehension, and to
disabuse the public mind, if it be in error. To
take care of the public safety in relation to fo-
reign countries is_ a part of its duty ; to provide

institutions for the redress of wrongs done
to individuals is another part of its duty ;
to repress violence and punish crime is another
part of its duty ; but it seems to us an abuse of its
power to talk of its providing for the public safety,
in the sense of making it, like a mother, take
care of its subjects as she takes care of her chil-
'dren. For the Government to undertake that is
obviously beyond its means, and is to burden it-
self with the heavy responsibility of all the acci-
dents which carelessness, negligence, or folly
may cause. .

When the above-named panic arose the Go-
vernment properly instituted an inquiry into the
accidents, and it came to the satisfactory conclu-
sion, which had previously been arrived at by se-
veral observers and engineers, that "TILE IN-
HERENT DANGER OF RAILWAY TRAVELLING IS

VERY SM ALL, AND, EVEN UNDER THE PRESENT SYS-

such a transfer, so nicely arranged—the conside-
ration duly settled, the electors never consulteu I
—there cannot possibly be, so far as the repre-
sentation is concerned, a more corrupt and flagi-
tious job. The bribery of a score or two of poor
electors with a five-pound or a ten-pound note
a-piece, is a mere trifle compared to it, though
the law—made for the convenience of the
VERULAM tribe (what a desecration of one
of the noblest names in our history)—punishes
the bribery, and honours the corrupt transfer by
accepting the service of the nominee as a law-
maker. Much do we rejoice, therefore, that the
corrupt transfer planned by the Tory GRIM-
STONES and the Tory CABBELLS has been defeated,
and our joy is enhanced by hearing the angry
notes with which the Tories growl out their dis-
appointment. Bribery being the means by which
they win all their elections, they naturally sup-
pose that their opponents have had recourse to
the same means, and accordingly accuse them of
it. But whether bribery have been practised or
not, they have been defeated and disappointe it, and
one of their pocket boroughs taken from them.

The above consideration is the chief source of
the interest we take in this contest ; but we can-
not behold the accusations which the two. parties
hurl against each other, without stating them
to the public, and openly declaring that both
will be disgraced if the accusations be passed
over; and that, if they be not, the party which is
found guilty will be deserving of severe punish-
ment. By the Tories, a Dr. WEBSTER is openly
and publicly accused of having offered to bribe
an elector named ADAMS, by giving him two five-
pound notes and two sovereigns, and it is implied
that he bribed other electors. By the Whigs
the sending of ADAMS to the hustings with the
bank notes in his hand, is asserted to be alto-
gether a scene got up to make a sensation by
the Tories, who gave him the money. Such ac-
cusations on one side and on the other, ought to
be proved; and, lovking on them as bills of indict-
ment, to be tried before a Committee of the
House of Commons, we shall not prejudge the
decision, by any remarks which must be made in
the absence of evidence, and in ignorance of the
facts.

Mr. NORMAN, who is or was a Bank Director,
and is considered by some persons to be a great
authority on all matters connected with the cur-
rency, has published a pamphlet entitled " A
Letter to CHARLES WOOD, Esq., on money, and
tl e means of economizing the use of it." Mr.
NORMAN'S conclusions are adverse to those to
which we have come, and the premises from
which we start are different.

It appears to us that money is altogether a
branch of commerce. It is the instrument of
buying and selling. The earliest money we
read of was called " current money with
the merchants." It was an invention of
trade for the convenience of trade. It
bears the" same character now and on
that as the main principle, must we proceed.
It resembles the casks in which commodities are
packed, the marks by which they are commonly
designated, or the weights and measures by
which they are estimated and divided.
Whatever might have been first employed as
money, the precious metals soon came into ge-
neral use, as the most convenient instrument
which had then been invented. As the purpose
of employing it was .to facilitate the exchange or
barter of commodities, it was subsequently found
out that the exchange could as easily
be made by means of paper as by the
precious metals. Hence paper of all kinds,
bills of exchange, bank notes,
_,yhecks, ac-
counts, &c. &c., grew into use, amisbecame as
indispensible instruments for exchanging com-
modities as metallic money. All these kinds of
paper are, like money, the instruments -of trade,
invented by trade, for the convenience of trade.
They have the same origin and answer the same
purpose. They are current credit with the mer-
chant.

It is fully ascertained from 'extserience, that a
great portion of this species of current credit,
such as bankers' checks, bills of exchange, pro-
missory notes, accounts current, &c., &c.,
are entirely beyond the reach of any Legisla-
ture ; even bank notes, which it essays to control,
elude its grasp, whence we conclude that it
should leave money altogether, bank notes, coins,
and all, to be regulated by that trade out of which
it grows. Money is not an instrument of Go-
vernment, like a troop of horse or a police force ;
it is an instrument of trade ; and if Government
ought not to regulate trade ; as we are confident
it ought never to meddle with it, so Government
ought not to trouble itself about the instruments
of trade. If it regulate money will it also
regulate the mark on casks of butter and
bales of cotton ? will it also prescribe the
sort of barrels and packages in which commodi-
ties are to be packed ? Now, Mr. NORMAN re-
quires the Government to regulate money ; he
requires it even to regulate bank notes, and he
concludes, of course, that it ought to establish one
bank of issue. In all this we differ in toto from
the Bank Director, and we desire nothing more
earnestly than to see the Government leave the
instruments of commerce, whatever they may
he, untouched, in the hands of buyers and sellers.
Some person ; may suppose that if this were
the case, there would be no standard of value.
But Mr. NORMAN says, and herein we agree
with him, that the value of all commodities de-
pends on the cost of production, or the labour of
bringing them to• market ; and that two commo-
dities of which the cost of production is equal,
will exchange for each other. All commodities
which are bought and sold, not excepting gold
and silver, are the production of labour; each
one is the production of an unequal quantity of
labour, at different places and at different times,
and no one can by any possibility be a standard
measure of the value of all others. We know
that Governments have tried to make a standard.
They have enacted lie after lie on the sub-
ject, but they have not succeeded; and the
exchangeable value •of all commodities, not
excluding gold and silver, has at all times
been determined' ultimately, and in the long
run, by the cost of their production, and
momentarily by the demand and the supply.
NoAllese,eleatonts,„or standards, of all price -oil
value, viz. the demand and the supply, and the
cost of production, are not directly interfered with
by Government; they are always in existence,
always in operation, and will always determine
the price or value of all the things that are
bought or sold, including services, whether
Government meddle with metallic money [or
paper money or not. It is, therefore, a per-
fectly idle cl.imera to suppose that if th,:
Government does not prescribe the amount of
silver which shall be given for an ounce of
gold, or the amount of bank notes which may
be put into circulation, that there will be no
standard of value amongst buyers and sellers,
and that all dealing will fall into confusion, or
come to an end.

TEM, IS LESS THAN THAT OF OTHER MODES OF CON-
VEYANCE." And having ascertained this point,
did it come also to the conclusion; that the panic
was momentary and unfounded that the public
would take care of themselves; that the railway
companies have the strongest interest in carrying
theirpassengers safe; and that, now public attention
has been directed to the subject, there is no rational
gi---,-rAnd for alarm ? No. It came to the conclu-
sion, at least Messrs. PORTER, SMITH, and
LAING came to the conclusion, and the Govern-
ment adopted it, that a measure must be brought
forward to provide for the public safety by en-
trusting certain Commissioners of Railways with
great discretionary powers, and a complete con-
trol over this novel and mechanical method of

public conveyance.
Now, that is a conclusion at variance, we
think, with the part of the Commissioners' Report
we have quoted, and it is contrary to the dictates
of experience, and contrary to the duties and
functions of Government, according to the prin-
ciples of the British Constitution. It absurdly,
we think, makes a momentary and unfounded
panic the basis of a general and a permanent law.
We are not, at present, going further into the
subject than to look at it in relation to the Go-
vernment, after the example of the new
Poor-law. Mr. PORTER, Sir F. SMITII, and
Mr. LAING. may be very sagacious for their
own interests; they may, no doubt, suppose
that they, can manage this whole matter
of railytajts very, easiiy; but can the Govern-
rtherit afffrd to burden 'itself, on their recom-
mendation, with this vast responsibility ? Is it
not already overborne by a multiplicity of duties,
few of which are well performed? Can it
with propriety make itself also responsible
to the public for the proper management of rail-
ways throughout the empire? Is it so much be-
loved that it can readily bear the blame of
every accident which occurs on them ? Must
it be answerable for the good behaviour of
every man connected with them ? But it will
be made answerable and made responsible for
every accident and every disaster, if it carry for-
ward a measure recommended by Messrs. Pon_
PER, SMITH, and LA ING. For its own interest it
would be wise, we think, to interfere as little
possible; and all those whose property de_
dends on the preservation of its power for pro-
rection, should warn it against so overburdening
itself with new and heavy responsibilities as to
make it break down from the load.

r both make
We cannot examine in detail all the conclu-
sions come to by Mr. NORMAN, which we consider
erroneous; but his notion that bills of exchange
are not money, and bank promises to pay
are, seems to us so strange that we
instruments differentmapkie-olme properties and
metallic
exchanging
o differentneyunnecessary.
a
must notice it. No doubt the two have some
e
commodities,necessary. Nor
doesot
it appear to us to be of the least conse-
quence
that these bills of exchange are drawn in
countries under different Governments. It does
not alter their nature whether the partiesbe John
Bull, Alexander Scott, and Patrick Murphy, or
John Bull, Hans Sachs, Jean Baptiste, Yankee
Doodle, and John Chinaman. They equally pay
debts and facilitate barter in London and Dublin, in
London and New York, and London and Canton.
We totally disagree with Mr. NORMAN, there-
fore, who looks on. foreign bills of exchange in a
different light, and as having a different character

It is quite preposterous in the Tories, who
scarcely ever gain an election without having re-
course to corruption, bribery, and intimidation, to
cry out amain against bribery and corruption at St.
Alban'.. The abuse and misrepresentation they
make use of are proportionate to their disappoint-
ment. The VERULAM family had made their ar-
rangements, without once consulting the consti-
tuency, to transfer the seat for St. Alban's from the
Hon. Mr. GRIMSTONE—Who finds it convenient to
quit the House of Commons, where he never opens
his mouth, for the pulpit, where he is sure, when
he does open his mouth, to find neither public op-
ponent nor public critic—to Mr. BOND CABBELL,
who finds it equally convenient to get into Par-.
liament whenever and however he can. Than

THE SUN. LONDON, FIEtIDAY, FEBRUARY 12, 1841.

fom domestic bills of exchange. Both, so far
as trade is concerned, are alike ; and mankind
:lever will attain correct views of money till VI
separate politics from trade, and allow each to
be regulated by its own principles, Mr. Non-
-;IAN appears to us to confound the two, and
hence he commits, we think, so many mistakes
the t we shall, never take him for a guide.

The Paris Journals of Tuesday, have been rc•
ceived. " Influence from a high quarter, " says
one of the Journals, " is exercised in the Cham-
ber of Peers to weaken the almost general oppo-
sition which the Bill for fortifying Paris meets
with in that Assembly. If the Peers were left
to act according to their own convictions-the Bill
would undoubtedly be rejected; but it is doubt-
ful whether they will have the firmness to oppose
the decidedly expressed desire of the Court. We
do not think that there is anything at all doubt-
ful about the matter. If the Peers have received
an intimation from the KING, they will be sure
not to disregard it. In the Chamber of Peers
the Court is all powerful, for the Chamber is
nothing but the mere creature of the Court.
We are of course prepared for a sturdy opposition
to the Bill on the part of the Royalists, because
they must be sensible that theßill, in annihilating
the popular supremacy, destroys the last illusory
dream of the restoration of the BOURBONS. But
even they in their hearts begin to regard with
complacency the Conservatism of Louis PHI-
LIPPE, who wants but walls and forts to be as
absolute in fact, though not in law, as the CZAR

himself. The supporters of the Bill have no-
thing to fear from the patriotism or indepen-.
dence of the Peers. We, thcyefore, advise them
to take courage and be of good cheer. Their
triumph, which_is the triumph of despotism, and
of barbarism over civilization and liberty, is cer-
tain in the Chamber of Peers. However gratify-
ing it would be to ors to suppose that any chance
remained of saving France from the infliction of
a fortified capital, we are not such strangers
to the materials of which the French
Chamber of Peers are composed, as to rest
a hope upon the patriotism of that body
when patriotism is at discount at the Tuileries.
The Chamber of Deputies was occupied on
Tuesday with the Customs' Bill. A summary of
the proceedings will be found among the sub-
joined extracts from the Journals.
The Univers states, on the authority of a letter
from Jerusalem, that the English are building a
Protestant church in that city. Russia, which
has no church at Jerusalem, is likewise about to
build one. The exequator of the Russian Consul
at Beyrout is extended to Jerusalem.
The return of the Austrian squadron from the
Levant is announced in a letter from Trieste, re-
ceived in Paris on Monday.
The French Journals copy from the Augsburg
Gazette the following account of the retreat of
IBRAHIM PACII A from Damascus:—

VIENNA, JAN. 30.—According to the latest news, Ibra-
him Pacha retreated with his army in tvra divisions from
Damascus. One of these divisions, commanded by Soli-
man Pacha, took its way by Messerie and across the desert ;
whilst Ibrahim, with the other, passed through the moun-
tains towards Gaza. The Ecyptian army decreased daily
and hourly from desertion. Oa the ,day on which Soli-
man Pacha left Damascus, a whole regiment of artillery,
with its arms and ammunition, deserted. The cavalry
which was sent in pursuit was repulsed, and a second
corps, which replaced that which had fled, did not return,
finding it better to make common cause with the deserters.
The Seraskier of Syria, lazed Mehmed Pacha, had come
from Syria to Gallipoli. He was very ill. It was on the
23d that Soliman left Damascus with the baggage and
women. Ibrahim did not leave Damascus till the 29th.
About 60 officers deserted to [the Turks. Ibrahim was
molested on his journey by Kurds, 'Metualis, and DrAses.
Having found a letter to Scheriff Pacha from his brother,
urging him to submit to the Porte, Ibrahim caused the
former to be beheaded. The Ottoman troops under Had-
schi Ali Pacha had occupied Horns.
The appearance-of DON MiGuEL on the French
frontier, is reported both in the Paris Papers of
Tuesday and the Madrid Journal, Castellano, of
the 2d inst. There is not, we believe, a word of
truth in it.

Puss AFLOAT.—The Progres du Pas de Calais relates
that a sportsman, who was a few days ago duck-shooting
in the inundated marshes of that country, perceived among
'the branches of a tree, completely isolated by the waters,
an animal,.the nature of which he could not at first dis-
tinguish. Getting into a slight skiff, he rowed to the tree;
.and fainulthat a hare had:Laken refuge in it. Thin%'mg he
"tnight.catet his game alive, the sportsman climbed the
tree to seize it. Puss, however, eluded his grasp, and

leaped over his head into the little bark below,—which, not
being fastened, the impatri of the fall set adrift, and the
current soon carried it out of the reach of the too eager
sportsman, who was obliged to keep the deserted seat of
his intended prey for several hours, when he was disco-
vered and released.
BRUTAL FEROCITY.—An unusual trait of ferocious man-
ners in the Centel happened a few days since. Antoine
Bapt, of Condst, held a wood in common with his two
brothers-in-law. On the day in question he entered it
with an axe, intending to cut faggots for his own use, as
be had conceived he bad a right to do, taking with him
also a double-barrelled gun. Ere long his co-tenants
came upon him, one armed with a musket, and the other
with a hatchet, and after much altercation, drove him by

, .
their menaces to the edge of a precipice. In this ex.
tremity Bapt discharged each of his barrels, and shot both
of his assailants. One rose up again and fired at him, but
missed, and then fell senseless on the earth. Bapt imme-
diately surrendered himself, and was ccmmitted to prison
it Murat.

for Almeria, Avila, •Brdajez, Barcelona, Cadiz, Cordova,
Corunna) Granada, Jaen, Malaga, PAIrCr, Seville,
32,150,000. Theme offers are under deliteralion.

We received, last Ditteh Papers of the
10th instant. According to a letter from Berlin,
great activity prevailed in the Foreign-office.
Foreign messengers were constantly arriving and
departing. Five French and Austrian couriers
had arrived within a few days, and the War De-
partment was equally busy. Accounts from all
parts of Germany advert to the immense quan-
tity of snow that had lately fallen there, burying
in some places whole villages. The rivers were
completely covered with ice.

_ -
DUTCH FUNDS.—AMSTZRDAM, Fen. 9.
Money. Bit's.
Jana] Debt, ‘234 per Cent
Jitto, ditto 5 per cent.
Amnrt Ssmdic,4s4 per cent Biiy4 t'7
Ditto, ditto, 314 per cent 70y.,, 71
Commercial Company, 4i,', per cent l5 f 5 14
Ditto (1033 and 1;437) 5 per cent.
Loan 1Y.37, 5 per cent.
Exchange on Londos!, One month l
Two months
Dutch ropers, Feb. 10.
HA MB U HU 11()RiENHALLE, FEB. 6.
Bills. Money
Austrian 5 per Cents.
Bank shares 16.20 1610
Anglo-Russian Loan 1C.67:, 104
Russian 5 per Cent. !st i cries, Ci.itificate
Inscription, Ist Se:ic,
Russian 5 per Cent. Bops and Co. 3d and 4th
Serizs •••••_ t?C%
Ditto in Certificates
Dutch Actual Debt, 2y,;, pc. Cent .,6,%
Ditto 5 per Cent — --
Polish Bonds
New ticket
Anglo-Danish Loan, 3 per Cent.......
N..twegian Loan, 1631, 4 per Coat. DI
Spanish, New s,per Cents - 1•.%
PRUSSIAN FUNDS.—Br sun, FED. 6.
Bids. Money.
St. Schuld. Sch., 41,,, per cent. lO i 113%
Prussian English Loan, IE3O, 4 per cent 100% 1(04,
Exchange on London, three months 6 17% 6 171#
—Prussian State Gazette. Feb. 7.

MONEY and COMMERCIAL NEWS

CITY, THURSDAY EVENING.

There was more buoyancy in the public securities
to-day, and better prices were realised, though the ag-
wregate amount of business done was not considerable.
Tne favourable advices from Portugal assisted the
market.

Consols for present transfer have alternated from 88
to 88a ; and for the Account from 88i to Bq, each
closing steadily. Exchequer Rik were at ss. to 7s,
prem ; and Indio Bands at 1 Is. to 17s. discount. ; Bank
Stock was at 163. ; the New Tnrec-and-a-Half per
Cents. brought 96 to 96/ ; and the Reduced Three
per Cents., 881 to f
No improvement occurred in the Foreign Securities,
Spanish Active Stock ranged from 234 to 24 ; Portu-
guese New Five per Cents from 31f to ; and Colom-
bian Stock of 1824 from 221 to 221 ; Mexican Stock
of 1837 was dull at 271, and Buenos Ayres at 22;
Danish Bonds were reduced to 78 ; Dutch Taro-and-a-
per Cents., were worth 491 to Z- ; and Russian were
rather lower, viz , 1131 to 114.
There were a few hal gains in Railway Shares late in
the day, but without alteration in prices. Great
Western were 23 to 231 ; the New 10 to 101 ; the
Fifths 54 ; the Birmingham 85 ; and the South Western
premium. Brighton were 71 to 71 ; Greeawieh
114 ; North Midland 251 ; and Cheltenham and Great
Western 33 dis. London Joint Stock Bank Shares
were 34- to 2i premium.
At a meeting of tlaft North American Colonial Com-
mittee, a day or two since, we are informed that Lord
Mountcashcl brought forward a plan for encouraging
emigration to Canada, of a novel and rather important
character, but of which the details arc not yet to be
made public.

(From The Sun of Last Night.)
No Liverpool letter as yet received %%ith the Cotton
Market.

MANCHESTER STOCK EXCHANGE, FEB. 10.—The quotations
are—Manchester and Birmingham, 2417 to 21 13-16ths ; Ditto,
Extension, 21 2a; Manchester and Leeds, 72 73; Ditto,
Halves, 31i ; London and South Western, 57 57i ; Ashton
and Oldham Canal, 1091 ; Manchester Assurance, 91. Is. 6d.

We have received the Journal of Antwerp of yester-
day's date.
Accounts from the Hague of the 7th February state an
assemblage of bankers, merchants, and speculators took
place, to address the King to direct a second issue of
money in the town of Amsterdam, and it was assured that
this question at this moment is the object of deliberation
of the Government.

BOURSE OF AMSTERDAM, Fan. 6.—Two. and-a- Half per
Cents. 50 3 16ths ; Five per Cents. 97i.

Accounts from Berlin of the Ist February state that the
differences between Russia and Prussia, relative to the
question of custom-house duties, is far from being settled.
Some serious explanations between the two Powers have
taken place, in consequence of Russia claiming that all
she has done since 1815 shall be regarded as legitimate.
The accounts also state that the spirit which prevails in
Ps,land is net favourable, to the Government:-

Letters received from Jerusalem state that already the
English have traced out a plan to build asProtestant tem-
ple, and the workmen have commenced the building.

The British market which left off heavy at 83 for the
Account, and 87- 88 for Money opened this morning with
a firmer appearance, and may be quoted at present 881
for the Account ; Money 88- a ; Exchequer Bills 5 7
prcm. ; Bank Stock 163 164; India Stock 245 247.
In the Foreign Market Spanish Active 23:1 24; De-
ferred 1.2 - s ; Passive 5k 6 ; Portuguese 311 32 ; Three
per Cents. 191 20 ; Brazilian 711 721; Colombian 224 3 ;
Mexican 27-1 ; Buenos Ayres 21 23 ; Chilian 63 65 ;
Dutch Two-and-a- Half per Cents. 49a ; Five per Cents.
981 90.
SIIARES.—Great Western 23 24 prem.; Ditto New
91 101 prem. ; London and Brighton 7,1 dis. ; Black-
wall 41 4 dis. ; Birmingham 84 86 prem. ; Southampton
57 58 per share ; Cioydon 121 per share ; Greenwich
81 1- per share ; Manchester and Birmingham, 151 141
dis.; South Eastern and Dover 161 15 dis.

PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. Paid. Per Share.
Great Western

Ditto New
London and Brighton
North Midland

South Eastern and Dover 2B

JOINT STOCK RANKS.
London Joint Stock ........ 10
to

According to a private letter from ChuSan, dated Oct.
13, the health of the troops had considerably improved
since their removal into houses in the town. Fresh pro-
visions were becoming plentiful, if private advices can be de-
pended upon. Admiral Elliot's proceedings are relieved
from scvpicion of weakness which appeared to hang over
them. At the mouth of the river l'eiho, we arc told, as
there was no appearance of the Emperor's reply arriving at
the hour fixed, active preparations were made in landing
the troops, &c. This movement quickened the force of the
Mandarins. The negotiations were to be opened early in
Nev., at Canton. No payment for the confiscated opium to
be thmanded, the object of security for the future, then
indemnity for the past, but the slightest attempt at delay
will be considered as negative, and immediate hostilities
follow. On the propriety of removing the negotiations to
Canton there is a great difference of opinion.

The Liverpool mail has just arrived, by which we have
received the Cotton Market of Wednesday :
" We have had a very flat market for Cotton to-day.
The sales were confined to 2,500 bags at yesterday's prices.
No communication from the Telegraph owing to the tog.',

Consols may be quoted at present SSA- -a for the ac-
count ; money S. Exchequer Bills 7 b prem. ; tank
stock 1631 ; India Bonds, 11 discount.
In the roreiga Market Spanish Active has been fluc-
tuating from 234 24, at present 23,i; Deferred 121, Por-
tuguese, 31i; Colombian, 22/ ; Mexican, 271 : Buenos
Ayres, 22; Dutch Two-and-a-Half per Cents.,
.492 ;
Five per Cents., 981.
In the Share Market very little doing, without any ma.
terial alteration. Great Western, 8S; Ditto New, ;
London and Brighton, 42i ; North Midland, 74 ; South
Eastern and Dover, 111.

CLOSING PRICES.
BRITISH FUNDS.
Bank Stock ... 163 h India Stock .. ..
3 per Cent. Red BB4 Ditto Bonds
3 per Cent Cons ...... .. 884 Ditto Old Annuities
11, per Cent Red ...... .. 971 Ditto New Annuities...
New 31 per Cent ..... 961- Ex. Bills, 1,000/....24d 5 pin
New 5-per Cent ... ...... Ditto 500/ 6pm
Long Annuities to expire Ditto Small 6pm
Jan. 1860
Oct 1859 .•• — India Stock for Acct ...
Jan. 1860 •..•••••• 12 11-16 Consols for Acct BBi
FORE6GN FUNDS.
A ustriiin, 5 per cent... Portuguese, 5 per cent.
lelgian, 5 per cent Ditto, New Ditto.... • , 314
Brazilian Bonds ..... .. Prussian, 5 per cent.... --
BucnosAyres, 6 per cent 22 Russian, 5 per cent. . . 114
Chilian, 6 per cunt
Colombian, 6 per cent ... 21 ii, Spanish, 5 per cent 23..
' Ditto, 1824 221 Ditto, Deferred .. 1`.4
Danish, 3 per cent..... 78 French,s per cent... —4. —c.
Grcek.lB2s, 5 per cent. Exchange ..
Mexican, 5 per cent.... French,3 per cent —f. —c.
Di to, 6 per cent, 1825 Dutch, 21 per eent ..... 49L
Pcruvian,lB2s,6 per ct. Ditto, 5 per cent..... 98i
SHARES.
Bristol and Exeter (60 paid)
Cheltenham and Great 11'estei n (624 paid) 291
Great Western Railway (65 paid) BB}
Ditto New Shares (50 paid)
Ditto Fifths ( 4 paid)
London and. lirighi on (1,0 paid)
London and Birmingham Railway (90 pd) 175 -
London and Greenwich Railway (20 paid) 84
London and Sou.h Western
Manchester and Leeds (70 paid) .. ......
North Midland Railway (100 paid) ... 734
South Eastern and Dover (28 paid) ..... ... 114

THE EARL OF CA RDIGA N.—We understand
that on the approaching trill of the Earl of Cardigan the
strangers' gallery in the House of Lords will be exclu-
-ivcly occupied by Peeresses. The reporters for the public
press will have places assigned to them near the bar of the
House.
THE PRIESTS' PROPERTY IN SPAIN,—M.
Mendizabal, who is now on eight or nine electioneering lists,
could get into the representation without courting the
Electoral College of Madi id; his dcterm nt tion to sell the
secular clergy property, and his opposition to the tithes, re-
commending him to the ultra-Liberals, who have the upper
haucl,...Letterfront Madrid.