The Sun.
London, England, 1841-09-24 00:00:00

MONEY MARKET and CITY NEWS.

FROM THY MORNING PATERS OF THIS DAY.
CHRONICLE.—The charge of Sir Robert Peel, in his
speech at Tamworth against the Joint-stock Banks, was as
fol ows :
" I do fear that the Joint-stock Banks in Lancashire and
Y. rkshire have extended their accommodation too rapidly in
many cases ; and it is the connection between the manufac-
turer, the builder of cotton manufactories, and the Joint-stock
banker, that has led to an undue stimulus for manufactured
production:. I believe that our manufactures within the last
two years have been more than sufficient to supply the natural
and ordinary demand. This I consider to be one of the causes:
of the manufacturing and commercial distress at present
caning."
This extract is taken from the " seventh edition" of the
speech bearing to be " reported with minute exactness," ante
we shall hold it to be so. It is valuable in this respect, that it
pins this specious statesman down " to one of the causes" of
the present distress according to his opinions, and that
aft. r a good deal of his usual generalising. We get
hint fixed, too, to the period of " the last two•
years,'' as the time during which that cause had been ira
me ration, by the excess in the supply of manufactured pro-
eue.ions over the natural and ordinary demand, occasioned by
the too rapid extension of accommodation by the. Joint-stock
Banks, through capital of a fictitious nature. It is important
to observe that the celiac of the distress is attributed here to.
the extension of accommodation by these establishments within.
the time referred to. Its importance consists is this, that it
limits the accu.ation of the Prime Minister to a specific:
pound, and that ground to an over-extent of banking accom
modation, which would necessarily exhibit itself, if true, in as
increase of the country circulation. Now, what says his organ.
of the Press ? Exactly the reverse of his leader ; for there it
is shown that the " last two years have been years of reckoning
with these concerns," and that there has been a reduction of 2.5
per cent. in the whole paper circulation.
POST.—One of the last acts of Lord Sydenham in Canada.
una to send a message to the legislative body, recommending
certain great improvements in the provinces, which, if they be
ca-reed into effect, will greatly increase the prosperity of the
col any. The principal of these are the completion of, the
Welland Canal ; the opening of the communication between
Kingston and Montreal by the River St. Lawrence for schooners
and steam-boats ; the improvement of Lake St. Peter, and the.
nix igation between Quebec and Montreal for vessels of large.
burden ; opening the River Richelieu, so as to perfect the
navigation through that river by the Chambly canal; the
construction of slides for timber, and other works in the
Ottawa ; the imi rovement of the inland water in the New-
cas le district; the construction of a port and lighthouses in
Lske Erie, and the improvement of Burlington Bay Harbour;
the establishment or improvement of great lines of roads from
Quebec to Amhurstourgh and Port Sarnia, from Torento to
L..i.e Huron, and between Quebec and the eastern township;
aed the improvement of the Metis road, and of the communi-
ca'ions near the Bay oS Chaleur. The great difficulty in the
way of completing these gigantic projects is raising the.
ne.'ssary supplies. To do this, the Governor recome.
m. tided that the expenditure should be spread over five
years, and to provide for the interest, which at the
pr: sent rates would press very hardly upon the colonists,
as well as absorbing the whole of the surplus revenue,
that the Assembly should pass a measure for the conversion of
the debt, the regulation of the customs, and the establishment
of a bank. The advantages to be derived from the latter ex-
pellent is mergng tl.e business of the present private banks
into one great national establishment, and limiting the issue of
paper at presete enjoyed by individuals and private banks to
one source. The principle of having but one bank of issue,
which has been so often debated here now appears to be about
to be recognised in Canada ; and the example which they heave
ha I in the United States might to go far to reconcile them to
the proposed change. By giving a stability under %national
guaranteeto the paper currency, the want of which has led to
such ruinous consequences in America, great aek-rantages may:
be expected to the ceeony.
TIMES. —Attention in the Money Meeket is now neces-
sat ily occupied with the consideration of the funding of the
Exchequer Pills. A letter has been received from the Exche-
quer Bill-office, stating that the calculations which appeared
under this head have been compared with those that were made
in the office, and thee a difference of 3d. is discovered in the
augregate amount of interest on 1,0001., that would have to be
de.lucted in the shape of discount, provided all the instalments
were paid together on the 27th of September. We hare com-
pared this statement with our original calculation, and find.
that the official computation is correct, and that the inte-
rest on 2001. to the 20th of December is 1/. lls. 61,
Vale that on the came amount to the 14th of March Is
3/ 35., our error having been made by setting down 2d. too
mw-h in the former instance, and Id. too much in the 'latter.
Practically, such a small inaccuracy as 3d. in the 1,000/. is
of no consequence whatever, but still, for the !rake of com-
plete correctness, we have thought it expedient to mention
it. Of the manner in which the public 'trill come into the
operation, it is not expected that anytieirer certain will be
known before Monday, the last day nt the tender, as it is
probable that most of those who intend to avail themselves of
the operation will wait till thee 'to take advantage of the fiuc-
tuations of the market. It is nevertheless believed that the
public will generally lake the opinion which is offered
them in the latter- part of the notice, and that
half the stock Will be paid for in money, and half in Ex-
chequer Pills. At present the value of Exchequer
Bills is such, that it is more advantageous to pay money with
the premium of 12s. ; and every tender that is made will take
a certain number of Exchequer Bills out of the market, and by
thus raising the value of that security, increase the induce-
ment to come forward with the money payments, which are
always to be made at a fixed rate. Now, as the deficiencies
of the current year are estimated at 2,500,0001. and that
sum, according to the foregoing supposition, would' be paid in
calculated
onal
expecttl
Lei
seat
nhtrt
oucacedgni
unfunded
Ihf:fioreaedefentrie ethtnbt deficiencies
sesi
Exchequersee
issue
tie
e trweettweoneanuirl would
trEdEsebtiobnxl
efledeos
Exchequer
moreuuenciptatdvnphyieeelnerirxmresaecdio,ne,
mnsidwlas eloinhstvrs dhite
healthy
ThushGoe
pea
iAtorhtevsthrse
through
Government
gsnemet
ashoeefrntnonervrtta,
rAreason.,iwahktiniieiigdit
upone
aFnodr et
Foreign
e
sa.i.isabßoAuti, 11
ve ritcheitisit. ptheseer
stock Banking project has madeanfenwiut sinda;
ket here, as a candidate for Englishpyppsaetaraorannnaecg.ewe
invest-
ment
of English Capital ; it is styled the " Bank of Flanders,"
incorporated
by Charter, with liability of Shareholders restrict-
ed to the actual amount of share • with capital proposedof 10,000,000 francs,
the capital, therefore, in sterling money, about 400,00°°1-'
in 10,000 ;hares of 1,000 francs ;
and the shares representing each about 40/. The prin-
established in any other locality presenting
cipel seat of the Bank is Ghent, but branches may be
facilities for the extension of business, with consent of
the Government. The capital may be increased to double the.
amount stated, on approval of three-fourths of the Sl?
and
the holding at least three-fourths of the shares issue sl
the sanction of Government previously. In the prospectuss.tthe;,,
bank is called a " bank of issue, discount, and 4111
beneficial
in the " statutes," as approved by authority, it is stily
The
commerce." tie-
norn.nated " a bank of circulation and e
difference, or distinction, may not be esseetical
to notify it.
this new project. It
Such are the more salient points of
t failure of the Bank
is as well.
must be owned that, considering the recent
20,000,000 francs
of Belgium, alto a chartered bank, with
bold ,mbniut it
attempt.
of capital, the present seems rather a
SUN.—The Fonds have not been.
whicaimated, but there is still
having
settled down to the
point, at which it is reckoned
the sime steadiness in prices,
,I
point, or indeed rather above the 1
profitable to convert,
Exehe "uer Bills are not apparently in-
eration is completed. Consols
dined to move until after that op
for for immediate transferwerehuer Bills we to 89%, and for
re firm at I4s. to,
16s. premium, altlioue
Account 89%. to %.
although it c 'eq
seems probable now that they will
not be so much wantede
as was at first expected, seeing that
the new conversion may be made in
half the payment
Three-and per Cents. realised
row _
money. True
and India Bonds Is. to 4s. premium. India
to9B' 9Sji:
to ‘461/4.
Stuck was 24i %
Stocks at stand
• Foretell is quiteaat present, and
Business in e
prices are !lat.
chores are still declining. Sales were made
The Railway .
to Some extent in the Brighton line at .51 to 6A dis. ; Great
We tern Shares were 1 I and Birmingham 64 to 65} prem. ;
,
North Midland, 34 ; the New 8, and the Blackwell 15 die.
York and North Midland Shares were 24 prem.
The contract for supplying the Navy with Irish provisions
was taken yesterday at Somerset House. The quantity
re-
quired was 15,000 tierces beef, and 16,000 tierces o p rk. Many
gentlemen from Ireland were in attendance, and the competi.
tion seemed
declared the contracto exceedingly followingkeen. The
gentlemen were
Fox PORK and Anderson Tierces.
Jordane, Shaw, and ...•.......... 6,000

-0,
........... 3,000
L. Alexander. and Co
............... 5,000
Sundries ..... . .................... 2,000

Poa BEEF— 16,000Barnewall and Sons 5,000
Jordaine, Shavre, and Co.
Bell Brothers
... 3,00
Sundries ...... ........... 3,200

The prices were from 15,000
to 71. 62. for Beef. 71. ls. to 71. 4s. for Pork ; from 71.25.

Mr. Adolphe Hauman, delegate Tuesdayhe prin-
cipal booksellers a Belgium, set out on e for Paris.

TAONDON and BRIGHTON RAILWAY. by the manufacturers in Lancashire and Yorkshire than
ALTERATION of TRAINS that they should be driven to the nec,qsity of lowering
On and after To.isloit.itow, Sept. 25. wages. The capitalists were aware that the worst thing
DOWN TRAINS DAILY, EXCEPT SUNDAYS. for them was to have a badly-remunerated population. ,
Mixed Train, calling at all the Stations, at past 9, A.m. We believe Mr. COBDEN, and moreover we
Mixed Train, calling at First Class Stations, at 4 past 10, A.m.
Mixed Train, calling at all the Stations, at 4 past 1, P.M. believe that the capitalists of the manufacturing
Mixed Train, calling at First Class Stations, at 4 past 3, P. M. districts, begin to feel perplexityand dread. What-
Mixed Train, calling at First Class Stations, at 4 past 4, r. at.
UP TRAINS DAILY, EXCEPT SUNDAYS. ever degradation, and whatever humiliation may
Mixed Train, calling at all the Stations, at 4 past 6, A..m.1 fall on the working classes, the capitalists appear
Express Train, calling at Croydon only, at past 8, A. M. to the working classes to be the instruments of
Mixed Train, calling at First Class Stations, at past 10, A.m.
Mixed Train, calling at all the Stations, at 4 past 11, A.m. immediately inflicting it. Necessarily they up-
Mixed Train, calling at First Class Stations, at past 2, P.M. hold all the laws in their respective neighbour-
Mixed Train, ...ailing at all the Stations, at 4, P.M.
hoods; and thus seem (if the laws be unjust) to
By Order, THOS. WOOD, Secretary.
Sept. 24, 1841. be the oppressors of their own workmen. They
are, by the operation of the market, forced to
levy the landlords' tax on the operative's loaf,
and thus appear to be his plunderers. For too
long a period, unfortunately, they made common
cause with the landlords, imitated their vices,
and helped them to keep the lower classes in
subjection. At present they begin to feel the
horrors of being surrounded by an ill-remune-
rated population.
Driven by the low price of goods, the little
and the lessening demand for their productions,
the cotton-masters at Stockport have lately re-
solved to offer the spinners a reduction of
wages, amounting, as the spinners say in a
placard which we have lying before us, to
171 per cent., or sixpence per thousand hanks.
The masters will probably be able to carry this
reduction into effect, because employment is
slack, spinners numerous, and self-acting spin-
ning-mills, which dispense with the spinners, are
daily coming more and more into use. But how
are their efforts met by the spinners ? The
placard, which has been circulated far and wide
in the neighbourhood of Stockport, calls on the
people " resolutely and determinedly, in one
consolidated union to show all possible resistance
to the aggressions which are attempted to be
made upon the rights of industry."
" Has not," it asks, " every effort been made from
time to time by our employers to reduce our wages, un-
til they are so low as to bring us to the starvation point."
" If the working-men," they say," submit, and allow them
to take such advantages with impunity, they will set the
example to other masters, and every workman is liable
to suffer ultimately." " 'Working men," it concludes,
" we call upon you, as you love yourselves, your wives
and children, your country and posterity, to make one
determined stand in behalf of right against might, of
the weak against the strong, in behalf of hunger and
starvation against tyranny and injustice. Shall it be
said that we are willing laves; that we are willing for
our children to be only half clothed and half fed, and
our foreheads branded with the mark of slaves or in-
feriority ? 0 ! forbid it Heaven ! forbid it Justice I !
and above all, forbid it you, the working men of Eng-
land, Ireland, and Scotland ! ! Up thn, brave men,
arouse in your thousands, and show your united strength,
by protecting your only property, your all in all, labour,
without which the world would be an universal desert.
High taxes, high rents, large profits, with low wages,
will ruin any nation in the world ! !
The war of labour against capital, which has
been for some time slumbering, will again be
roused; fresh contentions will spring up, and
fresh strife will add to the insecurity which al-
ready prevails in the manufacturing districts;

A NEW WORK BY WILLIAM HOWITT.
On Wednesday, Oct. 6, will be published, in Bvo. with Seven
Steel Etchings and numerous Wood Engravings, 213. cloth,
THE STUDENT-LIFE of GERMANY.
By WILLIAM HOWITT . from the Unpublished
MSS. of Dr. Cornelius. With Forty Student-Song's, adapted
to the Pianoforte by Winkelme}er.
London : Longman, Brown, and Co.

IMPORTANT NEW WORK ON CANADA.
On Monday will be published, in 2 vols. small Bvo., with Map
and Illustrations,

THE C S IN 1841.
By
Lieut.-Col. Sir RICHARD BONNYCASTLE.
Henry Colburn, Publisher, 13, Great Marlborough-street.
*.* Orders received by all Booksellers.

NEW WORK EDITED BY THEODORE HOOK, ESQ.
Immediately, in 3 vols. post Bvo.,
THE PARISH CLERK.
A NOVEL.
EDITED BY THEODORE HOOK, ESQ.
Henry Colburn, Publisher, 13, Great Marlborough-street.
To be had at all the Libraries.

THEATRE ROYAL, COVENT GARDEN.
U'DER the MANAGEMENT of MADAME VESTRIS.

THIS EVENING, SEPT. 24,
Will bdrepeated, Colley Cibber's Comedy:of SHE WOULD
AND SHE WOULD NOT.—Don Manuel, Mr. W. Farren ;
Don Philip, Mr. Cooper ; Don Octavio, Mr. Walter Lacy ;
Trapanti, Mr. Harley; Hyppolyta, Mrs. Nisbett ; Flora, Mrs.
Walter Lacy ; Rosara, Miss Cooper; Viletta, Mrs. Orger.
Atter which, the New Fairy Extravaganza, BEAUTY AND
THE BEAST.—Beauty, Madame Vestris : The Beast, Mr.
W. Harrison; John Quill, Mr. Harley ; Dressalinda, Miss Rain-
forth; Marygolda, Miss Grant; Queen of the Roses, Miss Lee.
Doors to to opened at half-past Six—the performances to
ommence at Seven. Dress Boxes, 7s. ; Second Price, 3s. 6d.;
First and Second Circ es, ss. ; Second Price, 2s. 6d. ; Pit, 35.;
Second Price. 25.; Gallery, Is. Tickets and places for the
Boxes to be taken of Mr. Grogan at the Box-office, from Ten
till Four, where Season Tickets may be had upon application.
Private Boxes to be had solely of ivlr. Andrews, bookseller,
167. New Bond-street.
To-morrow, a New Comedy, entitled What Will the World
Say? with Fra Diavolo.

ktOYAL SURREY THEATRE.

UNDER THE MANAGEMENT OF MR. DAVIDGE

AND MR. WILLIS JONES.

P►oduction of the Novel Military Old English Equestrian Spec-
tacle, the Waterloo of the lath Century, with extraordinary
effects, and powerful auxiliary aid. Pony Races in the Circle.
THIS EVENING. SEPT. 24,
Will be acted the long-promised Equestrian Spectacle, called
THE BATTLE OF BLENHEIM ; OR, THE HORSE
OF THE DISINHERITED; introducing Mr. Ducrow'smag-
nificent Stud of Forty Horses, highlly-trained Palfreys, Fairy
Peneys, Equestrian Troop, and Companies of both Theatres;
embracing all the Military Exploits of the Great Duke of
Marlborough, Grand Reviews, Battles, and Glorious Victories.
After which, NEW SCENES IN THE CIRCLE, in the
Largest Arena in the World, in which Madame Ducrow, Sig-
nor Hillier, the Great American Rider, the British Horseman,
Signor Felix Carlo, and the First Artistes in Europe will appear.
To conclude with, A DAY AFTER THE FAIR.

ROYAL VICTORIA THEATRE.
UNDER THE DIRECTION OF MR. OSBALDISTON.
Re-appearance of Miss Vincent, after her severe indisposition,
in the character of " Susan Hopley," which she has already

performed sixty successive nights. .
THIS EVENING, SEPT. 24,
The highly interesting and pathetic Domestic Drama, called
SUSAN HOPL EY ; OR THE TRIALS AND VICISSI-
TUDES OF A SERVANT GIRL. William Dean, Mr. E.
F. Saville ; Susan Hopley, Miss Vincent, the acknowledged
Heroine of Domestic Drama.
After which, RAFFAELLE THE REPROBATE ; OR,
THE SECRET MISSION, AND THE SIGNET RING.
Raffaelle, Mr. E. F. Saville ; Count des Monte, Mr. Dale ;
Gablin, Mr. Howard ; Pauline, Mrs. Lee.
To conclude with, in Three Acts, THE LIFE and DEATH
of JAMES DAWSON ; or, the REBEL of 1745.—James
Dawson, Mr. E. F. Saville ; Lambourne, Mr. Dale ; Charles
Edward, Mr. Seaman ; Sim, Mr. Gardner ; Kate Morton,
Mrs. Lee ; Sarah, Mrs. Howard.
Boxes, 2s.—Pit, ls.—tsallery, 6d. Half-price to the Boxes
eniy, at Half-past Eight.
To. morrow, Susan Hopley, Rafraelle, and James Dawson.

HIGH WATER AT LONDON BRIDGE TO -MORROW
Mornine......3i minutes after 9 1 Evening 16 minutes after 10.

more angry passions will be kindled, more crimes
committed; and who will be to blame ? If we
cannot wholly exonerate the masters and capi-
talists, who have too long been passive under
an unjust tax, because they felt it less than the
workmen, the chief blame must fall on the
Clergy, who have done nothing to enlighten the
legislators and teach them justice, but much to
harden them in the legislative iniquity by which
both Clergy and landlords have at least seemed
to profit; and the chief blame must fall on the
landowning lawmakers, who have continually
made laws, as Lord STANLEY admitted, and Sir
JAMES GRAHAM has unblushingly recommended,
to raise rent at the expense of those who pay it.
If it be painful, and even dreadful, as we think
it must be to all these classes—capitalists, Clergy,
and landlords—to live surrounded with a very
poorly-remunerated and much-exasperated po-
pulation, they are already severely punished
for their folly, avarice, and cruelty.
The workmen cannot require to be informed
that wages are settled by the higgling of the
market, and that the capitalists have no more
power to make them sell their labour for less than
the market price, than they have to force the
Americans to sell them cotton below that same
price. Wages are the result of a bargain be-
tween the capitalist and the labourer, and with-
out sayinc, that there are no circumstances and
no laws which give the capitalist an advantage in 1
making the bargain, it is clear that whatever
tends to increase the demand for labour will en-
able
the labourer to make a better bargain. Of
all the laws which place the labourer at a dis-
advantage, none are so ruinous as the laws which
raise the price and limit the supply of food; and
of all the circumstances which increase the capi-
talists's power over the labourer, none are so
efficacious in diminishing employment. The
Corn-law, therefore, more than other laws, places
the labourer at the mercy of the capitalist;
and the spinners should, in the first instance,
direct their energies to obtain a repeal 4of the
Corn-law. Till they have accomplished that
they will object in vain to masters lowering wages,
who act under the spur of necessity; and when
they have accomplished that, they may, and will,
by the landlords' help, if needed, command
higher wages.
Our purpose, however, is, not to preach to the
spinners, which we know were a vain work, but
to call the attention of the Legislature to the
above facts, and remind it that it is resposible
for all the misery, strife, and crime which may
grow out of the dispute, and which exist in so-
2iety. The Legislature sets out on the principle
that it can prevent evil ; it makes an immense
number of laws to attain this end ; it regulates,
controuls, and hampers every part of society,
and clearly makes itself responsible for all the
misery and crime which exist.

We have received a communication from a
good Radical, which it is unnecessary to publish,
taking a different view of Mr. WAKLEY'S con-
duct from that which we have taken. We have
not, indeed, devoted much space to the Hon.
Member, for we are not aware that his opinion
individually is of great importance. As the re-
presentative, or misrepresentative, of the borough
of Finsbury, we have seen him with regret
sweeping away difficulties from the path of Sir
ROBERT PEEL. The constituency of Finsbury
can scarcely like to be made scavengers for the
Tories, whatever may be the taste or disposition
of Mr. WAKLEY.

Mr. WAKLEY is for giving Sir ROBERT PEEL
a fair trial. Why, Sir ROBERT is decidedly op-
posed to the repeal of the bread-tax ; Sir Ro-
BERT took office to support that tax. He was
carried into power by the monopolists; Mr.
WAKLEY'S constituents are free traders. He is
the servile instrument of the priesthood ; Mr.
WAKLEY is supported by those who are hostile
to the Church. Sir ROBERT PEEL is the de-
clared enemy of Extension of the Suffrage, of
the Ballot, and of shortening Parliaments—he
is the decided enemy of further organic change ;
and how Mr. WAKLEY, who justly condemned
Lord JOHN RUSSELL'S principle of finality, can
show any favour to Sir ROBERT PEEL'S de-
termined Conservatism surpasses our compre-
hension.

We cannot help Sir ROBERT PEEL being Prime
Minister: the electors have so decided. We
must submit to that evil, but it is something neu
not to regard the triumph of our opponents as
an evil, and glory in the chains they impose.
If Lord JOHN RUSSELL'S mere declaration of
finality—to quiet his Whig friends, while, in fact,
he always kept moving in his own direction, and
at his own speed—was bad, Sir ROBERT PEEL'S
determination to remedy no abuse he can main-
tain by the help of a majority of corruptionists
is detestable. To give him and the monopolists,
the iniquitous bread-taxers, a fair trial, is like
granting a notorious and detected pickpocket an
opportunity of practising on the passers-by in the
placing him in the dock at the
street, instead of
Old Bailey. If Mr.WAKLEY be sincere in avow-
ing Radical principles, his conduct in smoothing
the way of the starvation and aristocratic Mi-
nisters is excessively silly. If he be not sincere
the whole matter is explained, and it will only
be necessary that he should, at least at the end

of the year, as he promised-when -first elected,
procure the sanction of the electors ct
bury tbr his conduct, or resign hi 6 trust into their

bands.

The dinner given, on the 21st instant, by the
inhabitants of Brighton to the Directors and
the Engineer of the London and Brighton Rail-
way, is a just tribute to great enterprize, perse-
verance, and skill. Perhaps no line in the king-
dom of equal length exhibited so many difficul-
ties. It has five tunnels, two of ,them more
than a mile each, making the tunnelling altoge-
ther more than three miles and a quarter. The
principal shaft of one of them, the Clayton
tunnel, is not less than 270 feet below the
surface of the ground. Many of the cut-
tings are from 80 to 125 feet, and that at
Mei stham not less than 180 feet deep.
It has one magnificent viaduct, built at great ex-
pense, besides other great works, and this vast
undertaking has been completed in little more
than three years, and at less than twice the cost
of Waterloo-bridge. Well might Mr. RAS-
TRICK, the engineer, on rising to make his
short, modest speech, say, " I never in my
life rose with prouder feelings than I do on this
occasion." He had accomplished a great work,
undismayed by the taunts of the ignorant public
and difficulties in the line which he did not
anticipate. To the Directors and Share-
holders, too, no little praise is due for the
spirit with which they furnished means to
carry out such an expensive national undertaking.
We take some pride in the completion of
this important railway, for this Journal, we be-
lieve, was the very first to point out this line,
not only as a certain means of benefiting the town
of Brighton, but also as one of the most direct
lines of communication between the two great
capitals of the world. The Directors, we trust,
will now make the best use of the road for their
own interest, as well as the good of the public, and
this they might accomplish by a more liberal sys-
tem of management. The fares are still too high,
and there should be a third-class train for labourers
and other persons who cannot afford a week's wages
for travelling only two or three hours. Brighton
will not be injured, but, on the contrary, must be
greatly benefited by the influx of strangers.
Ramsgate and Margate have, in a manner, been
created by the steamboats; property there has
probably been trebled in value; and Brighton,
if the management of the Directors be judicious,
will enjoy the same results.

The French journals of Wednesday are for
the most part occupied with the question of the
warfare which the Cabinet is now carrying on
against the Opposition press. We have again
and again condemned this persecution of the
journals as most unwise on the part of the
French Government. It operates ruinously upon
the journals, without absolutely suppressing
them, and therefore but increases the desperate
rage of their conductors. To make even politi-
cians moderate, the right plan is to make them
rich, instead of foolishly trying to make them
pow. The fiercest patriotism is made fiercer by
hunger.
The tranquillity of the French capital was not
disturbed on Tuesday night. Whether this wa
owing to the arrest on Tuesday by the police of
brace of traitorous old women, who ,were safely
lodged in prison, we presume not to determine.
They were both portresses, and a quantity of
arms were found concealed in their respective re-
sidences. Louis PHILIPPE'S throne is indeed in
danger when we find the old women conspiring
to overthrow it.
The Presse has a long article on the Eastern
Question, the purport of which is to show that
France is the only gainer by the Treaty of the
13th of July.
We quote the following from the Univers

" A severe discussion occurred' on Monday between the
French and Belgian Commissioners, by which the negocia-
tions were in danger of being broken off. M. Humann, the
Finance Minister, opposes ci ith pertinacity, all concessions as
to the admission of iron, no matter how limited the quantity.
Amongst the conees2ions proposed by the Belgian Commis-
sioners is the prohibition of the piracy of French literary
works in Belgium. We are told that the Belgian Commis-
sioners are in a state of irritation which leaves little hope that
the negotiations will end satisfactorily. We are assured,
however, that their Majesties Louis Philip and Leopold agree
better than their Ministers on these questions. The following
words are said to have been uttered by one of the Ministers,
National interests ought to prevail over those of a dynasty.'

The Gazette des Tribenaux, which is usually
well informed, has the following statement re-
lative to the intentions of the Cabinet :

It has been reported that the Ministry, in consequence of
recent events, is preparing several projects of law for next ses-
sion, It appears, in fact, that Government has announced its
intention to lay two Bills before the Chambers. One for esta-
blishing in Africa a penal settlement, according to article 17 of
the Penal Code; and another for repealing the amendments
made by the law of 28th April, 1832, in articles 88 and 89 of
the Penal Code, relating to attempts and conspiracies, and
thereby restore to these articles their primitive text.
The National says :--" After the seizure of our Journal
yesterday and the day before, we received a summons to ap-
pear before the Court of Assize on the 2d of October. We
have, in the first place, a trial coming on on Thurs-
day the 23d. The article which is going to be judged is dated
so far back as the month of December last year."— Consti-
tutionnel.

ALGIERS, SEPT. 13.—T0-day, at two o'clock in the after-
noon, a flotilla of steam-boats appeared in the horizon, which
at four o'clock landed the 64th Regiment of the line. These
were the Government steamers Cameleon, Papin, Velose, and
Vautour, which quitted Port Vendres the day before yester-
day, and in 48 hours have brought this regiment, which cime
from Perpignan. Few regiments arrive here with so much
speed.
These troops appeared to be in good health. It is to be re-
gretted at this season especially, that they will not have time to
get used to the climate, for they are to take the field imme-
diately, but circumstances are urgent, and we are convinced
that they will honourable acquit themselves in the important
events of the approaching campaign. General Ruguard will
set out on the 15th for Oran, where he is going to direct the op-
perations in person. General Baraquay d'Hilliers will proceed
to revictual Medeah and Milianah, he will then return to Blidah
to set out again with all the troops united. The convoy 'or
revictualing those places will leave Algiers on the 22d, at
in the morning. It is not [known whether General Bugu: H
after returning from Milianah, will come back from Orar to
take the command in chief, at all events the greatest secresv is
observed, which is very proper. It is thought, however, that i he
expedition will proceed towards the east.
The Arabs, being informed that the campaign is about Ito
open, begin to show themselves in our environs. Every (ay
we see the fires of their bivouacs on the mountains. Cur
soldiers see them will pleasure, because they hope that this
time they may be able to overtake the enemy which they pur-
sued in vain last year.—Commerce.
BOURSE—PARIS, WEDNESDAY, SEPT. 22.

First Highest Lowest Last
Price Price. Price Prie.
french 5 tier Cents. ex.. div 114 65 ... 114 75 ... I'4 65 114 70
3 per Cents 79 25 79 55 ... 79 25 ... 79 50
is,hic of trance
Lefflite Rank 1,0001. Snares 1627 50 ...1C27 50 _11.27 50 50
5,0n0f. Shares 50'35
Belgian 5 per Cents.
5 per Cents., 1840 104% ... 104% ... 104% 104%
Vanish Active 11244 5254 22%
Passive 5% •-• 51 ••• 5% •-•
Roman
ttAli WAY SHARES.

208 75 ... 210 ... 208 75 .. 210
2:1 ... 225 ... 3,2 50 ... 322 50
goon 450 ... 4'2 50 ... 4',..1 ... 452 50
Montpellier to Cette 220 ... 221 ... 220 ... 220
urie.ins .

Versailles, L.B
R. B

. .
BELGIAN 1. UNDS—Baussiws, SEPT. 22.
Actual Debt, 234 per Cent.
Rothschild% Loan' 5 per Cant lOl%
Loan of Thirty Millions, 4 per Cent. 9l
3per Cent. —
--- .. 71%
.(1840) lOl%
Loan of City, 1':32, 4 per Cent 90%
Society et Commerce, 4 4per Cent 9314
Bank of Belgium, 5 per Cent 7z134
National Society . —
Exchange on Londois (stunt)
—Brussels Papers, Sept. 22.
AUSTRIAN FUNDS.—VIENNA, SEPT. 15
five per Coats. lifetailiques
Foist* per Cents. 9834
Three p,r Cents.
Bank Shares 154
—Allgemeine Zeitung, Sept. 19

Thirty.Beven.

THE MURDER IN EASTCHEAP.
Up to two o'clock this afternoon the police had received no
intelligence as to the body of Blexley having been picked up
off Cuckold's Point, therefore the rumour which was in cir-
culation to that effect last evening, is most probably without
foundation. Indeed, from a careful consideration of the evidence
given last evening before the Coroner, it would appear that so
far from Blexley having contemplated suicide, he made his
arrangements with some ingenuity for the purpose of effect-
ing his escape. It appears that he took pains to ascertain
accurately the period that would elapse while the watchman
and the police were going their rounds, and that he managed
to a nicety in obtaining the longest possible time to escape. It
appears also, that after committing the murder, he went to the
street-door and looked out, taking the knife with him,
evidently for the purpose of self-defence, and seeing the street
clear he ran back and threw the knife into the bar, because had
he either taken it with him, or thrown it away in his flight, it
might have led to his identification, or have afforded a clue to
the road he had taken ; besides had he contemplated suicide he
might easily have carried his intentions into effect with the
same weapon with which he had immolated his victims.
We therefore think it exceedingly probable that Blexley is still
alive, and that these rumours have have been gut into circu-
lation by his friends for the purpose of facilitating his escape by
throwing the police off their guard, and rendering them less
vigilant in seeking for him than they otherwise would be. Mrs.
Blexley is still alive, but continues in a most dangerous state.

HEREFORD, SEPT. 23.-(FROM A CORRE-
SPONDENT.)—In consequence of the failure of the Bath Bank,
Mr. Hobhouse, the Liberal Member for this city, has expressed
his intention to accept the Chiltern Hundreds, and vacate his
seat for Hereford. A numerous meeting of Reformers, with
Mr. Biggs in the Chair, was held on Wednesday evening,
when it was unanimously resolved to propose another Radical
candidate. The Conservatives are on the alert, but their
chance is hopeless.

Ro p 9 r e
9,Vti I '44 g

AND

Vit4Jitic 64)tvivan.

" Who runs nzuy read."

FOREIGN.
The French opposition Journals, Republican and Legi-
timist, are unmeasured in the condemnation of the rigour
with which the Government is carrying into effect. the
September laws against the press. The Quotidienne, a
Legitimist paper says :—" The seizures of Journals
under the present Ministry multiply as if by enchant-
ment. We give the following list of the prosecutions
against the press : though incomplete, it still is a curious
one. The National 5 ; the Journal dtt Peuple counts them
by dozens ; the Gazette de Frawe, 4 ' • the Quotidienne,
2 ; the Commerce, the Temps, and the Gazette des Tri-
hunaux, each 1. At Toulouse the editors of the Eman-
cipation and the Utilitaire have been imprisoned now a
month, and are not yet brought up for trial. The
Gazette of Languedoc has experienced one seizure ; the
Gazette of Auvergne, 2 ; the Patriot of Macon, the
Courrier de la Moselle, and the Journal de 1 Eure, 1
each. The Gazette du Dauphine was seized six months
ago, and has not yet been tried. But still the ardent
zeal of the Journal des Debats is far feom being satisfied."
The Courrier Francais, influenced by strong sympathy
for the persecuted Journals, is more violent even than
the National. It would almost appear from the fol-
lowing article that it courts the hostility of the Govern-
ment, armed with the terrors of the September laws :
" The fury of the Ministers against the press exceeds
all bounds. The Government is never at a loss for a
pretext for seizing a journal which displeases it. It even
seems that the seizures become more frequent in
proportion as the journals of extreme opinions accustom
themselves to speak with moderation. If the National
had approved of the scenes of Clermont, M. Martin (du
Nord) would perhaps have abandoned it to the discredit
which falls upon such doctrines ; but the National
having recomn3endtd to its friends to respect the law, an
attempt is made to deprive it of the benefit of such
conduct, and it is persecuted, in order that it may be
rendered violent. We hope the press will not fall into
the snare. Violence is the weapon of the weak. The
Ministry has only a few days to live, and we can wait for
its end. It does itself a hundred times more harm by
its excesses than we could do it by any system of aggres-
sion. For our own part we have no desire to disturb
the course of events. Let the Ministry play its last card.
—it will be the sooner ruined."

The Journal des Debats alone supports the Govern-
in its attacks upon the Press. The more Journals are
seized the more it applauds the vigilance of the Cabinet.
For this the Commerce makes the following attack upon
it :—" The language of the Journal des Debuts is marked
with a peculiar character of irritation and hatred, by
which this detestable Journal, the official organ of every,
re-action since 1814, has been ever distinguished. Its
violent aggression at the present day cannot be justified
by common sense, unless it be contemplated to support
that aggression by the establishment of a pure military
despotism. And it is at a most critical juncture, when
the whole country is in agitation, when our towns and
hamlets are the scenes of slaughter and riot, when it
becomes the duty of all good citizens to give the example
of moderation, that this Journal breathes nothing but
insult, defiance, and death, on all these inflammable ele-
ments of civil discord."

The Quotidienne accounts for the triumphal march of
the Duke d'Aumale from Marseilles to Neuilly, by
stating that an intrigue has for some time been on foot
for obtaining for his Royal Highness the hand of the
young Queen of Spain. Queen Christina, Louis Phi-
lippe, Toreno, and Bermudez, are all at the bottom of
this plot. To bring this political romance to a happy
conclusion, is said to be the object of M. Salvandy's mis •
sion to Madrid. But has England been consulted about
this match ? Before attempting this second abolition of
the Pyrenees, it would be as well just to ask John Bull
what he thinks about the business.

The Editor of the Spanish Journal Correo National,
has been sentenced to two years' imprisonment for pub
lishing some laudatory verses upon Queen Christina, in
which the character of Espartero was unsparingly
attacked.

•140 s 4 401, 40,- A •
,rtu,a-.4.. -
-4-, p". 0 '.4 PPI ' ..1' opp %
IN
11