The Sun.
London, England, 1847-05-22 00:00:00

irtra:l44

LONDON, SATURDAY, MAY 22, 1847.

Parliament is so nearly approaching to its last
gasp that even the temporary respite of a vacation
must be peculiarly agreeable and consoling to. its
Members. The Whitsuntidealmst recess which has just
commenced is, in everybody's estimation, the
preliminary to a general dissolution.th It is, therefore,
with unusual curiosity that movements of the
Legislature are scrutinised as the
eseslsilon advances
nearer and nearer to its terminatpioren:enti uuch has un-
doubtedly been done by the
towards the fulfilment of its promises,
wise remains unaccomplished. So absorbing like-
wise
the internal difficulties of the kingdom, that thee
Executive has been almost entirely engrossed by the
consideration of the most rapid and efficient reme-
dies. The destitution in Ireland has not alone
pressed heavily upon the State, it has been simul-
taneously attended by the general deficiency of pro-
visions throughout the country and the extra-
ordinary involvement of the money-market. In
striving to Diminish the pernicious consequences of
these afflictions, the Legislature has been compelled
to postpone the consideration of many important re-
forms altogether, and to deal with others by a merely
cursory introduction. The sanatory measures have
n this manner been made the subject of one or two I

desultory allusions, counting among these even the
explanatory speech of Viscount Moemet. The an-
ticipated modifications in criminal jurisprudence have
been confined merely to certain casual changes,
though several of them promise to exercise a remark-
able influence when they are ultimately interpolated
as portions of a more comprehensive alteration. The
question of national education, in like manner, has not
had afforded to it sufficient time for its due delibera-
tion. It alone, as has been already observed, would
afford ample occupation for a whole session, and con-
sequently its agitation at the mere fag-end of a session
has miserably cramped both the Ministry and the
Parliament in its regard.
A general dissolution will bring all these matters
Prominently before the people. An opportunity will be
afforded to the electors for sending to the new Parlia-
ment only such men as coincide entirely with the dif-
ferent constituencies upon the multifarious questions
of social and political reformation. The cause of the
multitude will then be at the disposal of the enfran-
chised million ; let them use with discrimination this
golden advantage. Let them ensure their own hap-
piness, and the happiness of their children, by sending
to the House of Commons an overwhelming ma-
jority of liberal representatives, whose votes may at
once open the floodgates of a benevolent and bene-
ficent reform. Let them remember that the
death of Party and the discomfiture of Faction
is only, in the language of Prince TALLEY-
RAND, "the beginning of the end ;" that
the triumph of the free-trade principles was
only the forerunner of a countless number of equally
inestimable victories ; that if the people are only
earnest, and persevering, and unanimous, the preju-
dices and evils of a blundering system of legislation
may be permanently and speedily removed.
Among the habitual croakers many doubts were
expressed on the retirement of Sir ROBERT PEEL
from office whether his successor could remain
in power beyond a fortnight without encoun-
tering an ignominious expulsion, or being com-
pelled to appeal immediately to the country.
Those lugubrious expectations have been so far from
fulfilment, that Lord JouN RussELL has maintained
the authority of his Cabinet in the midst of an un-
wonted turbulence, and has obtained for his various
measures fluctuating, but usually triumphant majori-
ties. Had the Prime Minister been one jot less effi-
cient, less resolute, or less active, the Administration
must infallibly have fallen to pieces. The Parlia-
ment must have been dissolved, and a general elec.
ion, months back, have ensued. Supposing these
;kings had really taken place, the consequences to
he community would have been frightfully calami-
tous. Lord JOHN RUSSELL, then, has a title
to the gratitude of the country for continu-
ing stedfastly at the helm when the dark-

ness around us was increasing and the breakers were
sounding most boisterously. lie has carried the
vessel of State through a very perilous period,
and that with only such an extent of sacrifice as is
insignificant when compared with what would have
been inevitable had he not presided in an efficient
manner over the destinies of the nation. Amidst all
the toils and miseries of office there are at least
these consolations.

Long as was the period that elapsed after the over-
throw of NAPOLEON on the plains of Waterloo before
:he British army was called upon to uphold its former
tame in the face of a numerous, well-disciplined, and
dauntless foe in the East, and much as it was univer-
-ally regretted that the machinations of other Powers
'lad rendered it imperative upon us to " let slip
the dogs of war," yet are the feelings of
national pride and enthusiasm fresh in the
recollection of all, which were kindled upon
receiving the intelligence of the series of bril-
liant victories achieved by the British and Indian
armies under the distinguished leadership of a lIAR-
DINGE, a GOUGH, a NAPIER, a SALE, and a SMITH.
The Crown and the Parliament cordially entered
upon the satisfactory duty of uniting to confer their
respective and signal marks of approbation for the
skill, the perseverance, the discipline, the indomitable
energy, the unflinching valour, and the remarkable
enius which these accomplished heroes had, one and
all, exhibited throughout their arduous and terrible
campaigns. Such, however, is the deep gratitude
with which the English people regard any extraor-
dinary services rendered by their countrymen, in
either the naval or military professions, for the main-
tenance of the honour and interests of the British
empire, that after the prerogatives of the SOVEREIGN
and the beneficence of the Legislature had been mu-
tually called into requisition for rewarding the tri-
umphant efforts of the different military commanders
to whom we have alluded, a feeling of dis-
appointment crossed the minds of many that,
in two instances at least, more substantial
honours had not been conferred. It ill consorts
with the generous sentiments of a grateful people
to be told that precedents and technical considerations
stood in the way of recognising in the most elevated
manner the unique gallantry of the conquerors of
Sinde and Aliwal. The handsome eulogiums
passed in Parliament, and especially by the Duke of
WELLINGTON, upon the renown recently acquired by
these heroes in the East, in addition to what they
',lad respectively acquired years ago in the most
memorable war of Western Europe, whilst they must
have proved highly gratifying to Sir C. NAPIER and
Sir 11. SMITH, only rendered the public more sen-
sible that something was yet to be done before it
could be said that they had been fairly requited for
the glorious victories which they had gained, and
which are now imperishably recorded in the military
mnals of their country. This feeling is rendered the
more apparent by the enthusiastic reception which is
severally given to these gallant officers as they are
occasionally found returning to their native land.
Such was the case when the lamented hero of Jella-
labad arrived from India, to which he so soon
returned to expire upon the field of battle. Such,
again, is the case now that we have Sir IlAnwr
SMITH among us. The general rejoicing with which
his presence is everywhere greeted reminds us for-
cibly of the days when the brave NELSON appeared in
England fresh from the glories of the Nile, and when
the iron Duke himself re-appeared from the conti-
nent after his complete mastery over the most power-
ful enemy that ever any country, ancient or modern,
had to contend against.
The British soldier is as humane as he is brave, and,
convinced of this, we regard with unmixed feelings
of delight the demonstrations of public admiration
which are being daily made in honour of the distin-
guished career of Sir 11. SMITH. Frequently in
Parliament has the Duke of WELLINGTON adverted
in terms of painful recollection to the dreadful inci-
dents of war ; and it serves to heighten (if possible)
our esteem of Sir H. SMITH when we find him de-
claring, in connexion with his hope that the blessings
of peace may be continued, that " the profession of
arms is a damnable trade, and if it must be that we
have to act, let it be carried on with the utmost mitigation
of its horrors."
This is a noble sentiment ; it ever animates the
British officer. Viewing war as at times a neces-
sary evil, victory is ever glorious ; but when
it is gained, unalloyed by any trait of inhumanity, its
merits are enhanced to the utmost extent.

The Irish Party are about to be reorganized under
another name. Most sincerely do we hope that they
may avoid the shoals and quicksands on which the
usefulness of their predecessors was wrecked ; that
they:may cordially co-operate together for the general
improvement of the social condition of their
countrymen, without seeking to fight merely class
battles ; that they may devote their attention
to the best manner of meeting the present
difficulties and emergencies by which they are
environed, with the means within their power; that
they may rather seek to apply those means to the
best advantage, to direct them into the moat favour-
able channels, and to diffuse the attainable benefits
throughout all parts of the country, in every district,
than remain niele
in v helpless
of the
sloth and apathy,because
en
a refusings
to avail e
they cannot obtain all they proffered assistance
desire or demand, and re-
vdtng the Government because it cannot achieve
original
impossibilities. On the formation of the
Irish Party, we looked forward with x c
obtained
evd
us hope to
the result of their labours ; we could readily n
tie vast national advantages that would be obo
fr >m the cordial co-operation of men of all classes,t
c 'eeds, and parties, for the benefit of their common
country. That such men should lay aside their petty

animosities, their innumerable points of difference,
and combine together, in order to preserve their
poorer brethren from the destitution and misery
under which they were suffering, appeared to be a
feasible project. It would certainly require a
considerable degree of self-control, the sacri-
fice of many fondly-cherished prejudices, and a
total abandonment of every selfish consideration ;
but it was practicable, and the magnitude of the
emergency, the urgency of the danger required
it. We did believe that these concessions
would have been made, but, we regret to say,
that we were disappointed. The Irish Party
was formed, but they speedily degenerated
into the advocates of landlordism, whose sole
exertions were directed against the establish-
ment of an efficient poor-law. They sought
not to do away with the necessity for such a mea-
sure, by inducing the landowners voluntarily to perform
the duties incidental to the possession of their proper-
ties, but vainly endeavoured to weaken and impair the
strength, to deaden the effects of a law demanded
by the public voice. Many who had joined their ranks
fully determined to perform their parts, and punctually
to fulfil the conditions imposed upon them by
the national compact, found how grievously the con-
federacy had departed from the principles upon which
it was called into existence, and silently seceded from
the body, which speedily sunk into a state of lethargy
and inaction.

The first great error committed by the managars
was, the determination that their deliberations should
be conducted privately, that no publicity should be
given to their proceedings. This was a fatal mistake.
It enabled the members of the predominant party to
carry out their own peculiar views. The protests of
those objecting to such a course were unheard. It
ceased to be a national assemblage, directing the
public attention to things beneficial to Ireland, but was
changed into a clique of some dozen or two of coun-
try gentlemen, speculating on what would be most
for the benefit of their own elms ; of course their
opinions carried with them no weight or authority,
and speedily went for nothing. We are rejoiced to
find that a new attempt is to be made, that the first
false step has been retraced, the resolution for privacy
rescinded. A number of influential gentlemen, of
every grade and variety of political feeling, have met
together, and decided that for the future stated meet-
ings should be held for conference and discussion, to
which the press should be admitted. Orangemen,
Conservatives, Whigs, Radicals, Old Irelanders,
and Young Irelanders, agreed to forget their own

disputes, and to watch over the interests and
prosperity of Ireland. A glorious opportunity
is opened to them. They cannot suppose
that anything they can put forward can influence the

Legislature during the present session; let them strive
then to provide useful employment for the people, to

induce the owners and occupiers of land in every
locality to draw together, and each to perform his own
part, and not seek to evade his portion of the common
burden. By not attempting too much they will
make themselves really useful. They are now fully
warned. They must be aware of the causes that

have led to the failure of their exertions hitherto, and

they ma;- feel perfectly certain that efforts will he
made to lead the new body into similar errors, which,
if successful, must deprive them of all utility, and
render them a curse in place of a blessing to their
country.

Letters from Genoa announce that, in consequence
of the publication of the decree relative to the press
recently published by the GRAND DUKE of TUSCANY,
some disturbances had broken out at Pisa. It is said
that the decree was torn publicly in that city, and
that even the bust of the GRAND DUKE was broken
to pieces by the populace. We hope that these
rumours are false, or at least that there is exaggera-
tion in the account. It can scarcely be comprehended
that a concession which had excited a general en-
thusiasm at Florence could have been received in such
a manner at Pisa."

In the sitting of the Prussian Diet, on the 12th,
the Marshal presented a communication from the
KING, expressing his entire approval of his conduct
with respect to the motion of several Deputies of the
Duchy of Posen, relative to the Polish language and
nationality. His MAJESTY based his approbation on
the rule of the Diet which forbids the introduction
of motions concerning the interests of only one pro-
vince. The KING added, that he would willingly
have consented to the desire of the Marshal to allow
the motion to be discussed by orders, if it were not a
manifest violation of the law. lie, however, gave
an assurance that, if the persons who signed
the motion will address themselves to him, either
through the next Provincial Diet, or directly, they
may be certain that their demands will be carefully
examined.—Some observations having been made on
a bookseller having pretended that he had the right
to reprint officially the debates of the Diet, the Royal
Commissioner said that in such a case the censorship
must be employed, but the word " censorship" ex-
cited great opposition.
The Grand Duke of MECKLENBURG-SCHWERIN
has given orders that all grain imported by sea to the
ports of Rostock and Wismar shall be free of duty up
to September 1.
The Austrian - Government has just invited the
Governments of the other German States, as well as
the Post-office Director of the Prince DE LA TOUR-
ET-TAXIS, to name delegates to meet at Dresden in
the course of next month, for the purpose of entering
into a general arrangement for a uniform system for
the conveyance of the mails in Germany, and for the
reduction of the postage of letters.

Madrid papers to the 15th have been received.

It was reported that ESPARTERO, LINAGE, and
several other Spanish exiles, resident in London, had
petitioned the QUEEN for permission to return, and
that the Progressista leaders were zealously supporting
the prayer of the petition. The KING continued at
the Prado, passing his time in praying in the Palace
chapel and sporting in the Palace grounds. The
QUEEN returns from Aranjuez to Madrid at the
latter end of May, and proceeds immediately after-
wards to La Granj a.
A letter from Barcelona, dated May the 18th, an-
nounces that Colonel BAXECOS, on the 15th, came up
with the band of the Carlist leader TRISTAN; and
after killing 22 of their number, succeeded in captur-
ing Tais'rANr himself, who was shot the next morn-
ing. The fall of TRISTANT is considered as the death-
blow to Carlism in Catalonia.

The Bolsa was closed in honour of the Feast of S

Isidro.

We have received the Paris papers of Thursday.
The Moniteur Parisien publishes a telegraphic
dispatch announcing the death of Mr. O'CONNELL,
at Genoa. The dispatch itself will be found in
another column. Some of the other French papers
mention the circumstance.
The Journal des Debats announces that the Duc
DE MONTEBELLO has signified his acceptance of the
office of Minister of the Marine, and was to leave
Naples for Paris on the 20th at latest. Notwith-
standing this acceptance of office by the Due DE
INIoNTEBELLo the Ministry is anything but firm, and
a Ministerial crisis is expected daily. The sudden
return of M. DUCHATEL from Havre proves this fact.
On this subject the Union Monarchique says—
" It appears certain that the sudden return to Paris
of M. Duchatel must not be attributed, as some journals
have done, to new embarrassments in the foreign policy,
but to certain political difficulties at home, which, al
though of a secondary nature, have raised some serious
inquietudes and sown seeds of discord in the bosom of
the Cabinet. Among these difficulties, one of the prin-
cipal is said to be the choice of a successor to M. Jayr,
in the important prefecture of Lyons, and the energetic
opposition made by Sauzet to the nomination of M.
Azevedo, the present Prefect of the Basses•Pyr6c6,s,
who, in the opinion of M. Duehatel, is au excellent ad..
ministrator, but unfortunately has the reputation of pro-
fessing in matters of religion certain ideas totally in-
compatible with the Catholic principles professed by the
great majority of the people of Lyons."
Here we find the parti pretre again interfering in
the nomination of official personages. This is
another retrograde step towards the principles of the
restoration. Little did those who accepted Louis
PullarrE as la meilleure des republiques, in 1830, ima-
gine that the day would ever come when the parti
pretre would have a voice potential in the nomination
to offices under the Government of the revolution.
The following article from La Presse, on the sub-
ject of the corn trade and the harvest, will be read
with interest :

" The situation of the markets remains always the
same, the price of corn varies from one week to another,

according to the quantity of the arrivals and the appear-
ance of the weather; but definitively the average of prices
does not notably decline. It is evident that we must not
calculate on foreign corn for the regular supply of
France. The new law presented by the Minister pro-
duces, so to speak, no material effect; its greatest advan-
tage will consist in preventing forestalling in the inte-
rior, it will keep the gamblers for high prices in check,
and tranquillise the people as to the future. That is suf-
ficient to cause the Chamber to vote it without hesita-
tion. Yet we meat not be under illusions as to the bear-
ing of this law; it is a very feeble palliative, of which
all the ♦irtue lies in the imagination of timorous people,
or people little acquainted with questions respecting he
supplies. The trader will not incur the risk of hazard-
ing new purchases in the countries of great production
so long as the prospects of our own harvest shall not be
ascertained, and we are still far from the period at
which sound conjectures as to the yield of corn and
potatoes can be formed. If the harvest be good, the
price of corn will immediately decline ; the farmers
who possess threshing machines will suspend all their
labours to thresh grain, and convey it rapidly to the
market, in order to profit by the exaggeration of prices ;
on the other band, the private individuals who have
made reserves will also hasten to sell them, because they
will no longer have any interest to conserve them.
There will, therefore, result a prompt depreciation in
the price of that merchandise. Nov, however feeble '
that reaction may be, it will suffice to render the effect
hoped for by the suspension of the protecting tariff im-
possible. The present prices of foreign corn have risen
so much, that they will be higher than the average of
our own markets, as soon as the new grain shall enter
into consumption. The trade knows well what
to think on this subject ; it will only pur-
chase abroad what it will be very certain to sell again
before the harvest, or very shortly after. At a later
period, when the decline which will take place at home
shall have reacted on Egypt, Russia, and America, the
importation will resume its course, if the interior de-
ficiency shall leave it a sufficient margin, and especially
procure it good profits ; for it is only on this condition
that the trade consents to speculate in corn. It re-
quires premiums of from 4f. to 6f. per hectolitre to be
tempted ; and it has the right to exact a good deal when
it engages its fortune in a description of affairs of which
the most perspicacious mind can never see the results
with certainty. If the trade decided to profit by the law
proposed by the Minister of Agriculture and Commerce,
it would be a sad presage, and one of the highest gravity
—it would be the proof of a new deficiency in our har-
vest—the announcement of a new scarcity. Has the
Goverament foreseen this crisis, and what does it pro-
pose to combat it ? It demands that the Chambers
should confide to it the right to act as it may think
right, according to the circumstances. That is little as-
suring, when one remembers that it did not foresee the
scarcity of 1847, that it closed its eyes in order not to
see it when it was shown to it, and that it denied it at
the very moment at which it invaded the whole country.
We now know how formidable are questions of supply ;
shall we continue to abandon the study and solution of
them to clerks, whose ignorance, presumption, or some-
thing else, have already cost us this year upwards of
50,000,000 ?"

The prospects of the coming harvest throughout
are, we rejoice to say, most cheering.
The Chamber of Peers have adopted the St. Denis
Chapter Bill by a majority of 109 to 39.
The Constitutionnel contains a severe and not altoge-
ther undeserved attack upon the Ministry for their con-
duct in stimulating, instead of repressing, the railroad
mania, and for the egregious ignorance they have dis-
played of the commonest elements of calculation in
the ridiculously low sum at which they estimated the
cost of the construction of the various lines.

The police have discovered a plot of the " Material-
ists," one of the secret societies of Paris, for carrying
into effect an organized system of plunder : one of
the tenets of this sect is, that all property is a spolia-
tion of society, and that robbery, therefore, is essentially
virtuous, being merely a recovery of spoil illegally
extorted from the producing classes. The members,
h. wever, quarrelled; and in furtherance of their prin-
cii les, they of course robbed each other, and thus the
police acquired a knowledge of their existence. An
investigation was the consequence, in the course of
which it was discovered that several of the members
of this society were also members of a political
society, having for its object the assassination of the
KIaGA by throwing shells into his carriage on his
road to Neuilly. M. CONSIDERE, and ten ether
persons, have been arrested on this charge.
Queen CHRISTINA embarked at Toulon on the 11th
in the Panama for Naples. Don ENRIQUE dined
with her before she sailed, and they had a long in-
terview together after dinner. Don ENRIQUE re-
turned to Marseilles immediately afterwards.
For the sake of our common humanity we trust
that the following statement which appears in several
of these papers is incorrect :
"Prince Jerome Bonapate, eldest son of the youngest
and laq surviving brother of the Emperor, Jerome, ex-
King of Wesphalia, died lately at Florence, aged thirty-
three. This young man had long been suffering from a
disease of the spine. Dr. Lallemande, who was con-
sulted when the affection was first discovered, gave some
hopes of recovery, if the patient could be allowed to go
to Vernet (Bisse Pyren62s), to take the waters. The
Prince's father and his uncle, the King of Wurtemberg,
hastened to apply to the French Government for the
necessary permission. This was refused without any
reason being assigned. On receiving this refusal the
question occurred—where will stop this blind animosity,
this want of judgment in persecuting with so much in-
veteracy every being who bears the name of Napoleon?
This young man died in the arms of his father and his
brother, lamenting that he could no longer hope to see
that country which he loved so much, and was so willing
to serve."
The Journal du Havre of Wednesday has the fol-

lowing :—" The whaler, John Cockerill, Captain
RENOUFF, which at this moment is coming into the
harbour, touched at the Society Islands, where she
was detained twenty days by Governor BRUAT. She
sailed again on Feb. 7, and brings for the Govern-
ment the news of the submission of POMARE. At
the departure of the John Cockerill, the QUEEN,
who had come in a steamer which was sent for her
to Raiateia, was at Morea in conference with the
Governor, and she was daily expected at Papeite."
The Paris Bourse of Thursday was feeble. Little business
was done, and generally speaking at reduced prices. The
Three per Cents. closed at 77f. 80c. the Five per Cents.,
115 f. 55c. ; the Orleans Railroad Shares, 1,218 f. 75c. ;
Rouen, 9331. 73c. ; Havre, 632 f. 50c. ; Great Northern,
5901. ; Avignon, 7121. 50c. ; Vierzon, 5751. ; Bordeaux,
502 E 50c.; Boulogne, 4001. •, Basle, 1851. • Dieppe, 3151. ;
Paris and Strasburg, 4171. 50c. ; Tours and Nantes, 4071.
50c. ; Paris and Lyons, 4361. 25c. ; Lyons and Avignon,
4451. ; Bordeaux and Cette, 450 f.; Spanish Three per
Cents.. 354.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, MAY 21.
Boulogne and Amiens, 16—Bordeaux, Toulouse, and
Cette (Constituted), 24—Namur and Liege, 3 4—Northern
of France, 11—Paris anti Rouen, 3514,

THE COURT.—Her Majesty and Prince Albert, and
the Court are expected to leave Buckingham Palace
about three o'clock this afternoon, for Claremont,
where the royal party will spend a few days, and will
then return to the metropolis.
Notice has this morning been received at the Bishop
of London's Registry that the assessors have decided
that the Sub-Dean of St. Paul's has not proved his right
to the vicarage of St. Giles's, Cripplegate. Archdeacon
Hale will hold the living.

OVERLAND MAIL

TELEGRAPHIC DISPATCH.

We have received the Moniteur Parisien of
Thursday night, with the following telegraphic
dispatch:—

" The news brought by the Indian Mail comes to
the 14th April.

" Lord hardinge arrived at Simla the 27th
March. Sir Frederick Currie arrived at Calcutta on
the Ist of April, and took the oath as third member
of the Indian Council.

" Sir Willoughby Cotton, Commander-in-Chief of
the Bombay Army, had arrived at his post, and im-
mediately taken the command.
" The Governor-General had allocated GOO/. per
annum for establishing schools in India.
" The Punjaub was perfectly tranquil, and nothing
new had occurred in Affghanistan. The death of
Akbar Khan was still attributed to poison.
" Considerable disturbances had broken out at
Undh and the neighbouring districts. The Govern
ment of Nizam had given rise to complaints."

INISTERIAL MOVEMENTS.—Viscount Palmerston
'
left town yesterday for Broadlands Rants, for the holi-
days. The Noble Viscount who was accompanied by
her Ladyship, returns to town on Tuesday or IVednes-
day next. Lord John Russell leaves Chesham-place to
day, fur Richmond, to pass the holidays with Lady John
Russell arid family. his Excellency the Earl of Claren-
don is expected to leave for Dublin at the close of the
ncxt, or early in the following week, to enter on the
outies of his new appointment. The Countess will ac-
company the Noble Earl. The Earl Grey, accompanied
by the Countess, purposes to reside at their seat near
NVindsor during the holidays. The Noble Earl, as.
Secretary for the Colonies, will entertain the Duke of
Wellington and a distinguished party, on Thursday next,
in et. lebration of her Majesty's birthday.
Henry Labouchere will return from Dublin in about a
week. The Right lion.

REMOVAL OF THE EXCISE OFFlCE.—Yesterday
the Excise Import Office rcmov:ll from the prend,es
in Lower Eat Smithfield, near Sc. liitherinc.6 Docks,
to Tower-hill, where in future the business of that de-
partment is to be Conducted.

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

In the Liverpool Cotton market a good deal of
business has been done this week for export, but not
much for the trade. The sales are 29,490 bales. Stock
531,580 bales, against 791,620 at this time last year.
Railway shares were at advanced rates,,as it was stated
that the leading companies would carry on their works
most cautiously, and restrict their "calls" to the nar-
rowest possible limits.
The Share Market continues flat and depressed; but
although the sale of Railway Shares yesterday, by Messrs.
Lantond and Co., was not very spirited, many shares sold
at very fair prices. The following are a few of the principal
sales :

Manchester and Southampton £0 10 0
North British, Thirds
Shrewsbury and Birmingham (A) 2 12 6

South Yorkshire, Doncaster, and C3roole._ 1 6 6
Reading, Guildford, and Reigate 4 16 0
Leeds and Thirsk, Halves 4 15 0
Cornwall ...... 2 7 6
Eastern Counties ..........• ... ... ........ ... 18 14 0
Eastern Counties, York Extension ... 5 15 0
South-Eastern and Dover, No. 4 4 13 0
East Lancashire (Scrip) .. 1 3 0
Newmarket and Chesterford
North Staffordshire, New Scrip
Royston and Hitchin

There are accounts to-day by a direct arrival, to
January 28th, from Port Phillip, but we have advices
as late viii Sydney.
There is a more cheerful appearance in the Money
and Stock Markets to-day. and the " splendid" weather,
together with the accounts from the provinces, the flat-
ness of the grain markets, the facilities offering by the
Bank, and the idea that even the exportation of two or
three millions of specie would not be regarded with
apprehension, provided our harvest was likely to prove
propitious, serve to encourage a better feeling generally.
The Bank of England returns for the week to the
15th instant are also favourable, as will be shown by the
subjoined analysis:—
Notes issued £22,967,540
Increase
Public deposits increase
Other deposits decrease 179,157
Seven-day and other bills increase 10,257
Government securities increase
Other securities increase
Notes increase 596,795
Active circulation decrease
Bullion 9,861,993
Increase . 289,234
The Stock Market has been rather improving, not-
withstanding the absence of many of the jobbers, and
the Hebrew holiday of the Pentecost. Consols have ad-
vanced to 87 and 874 for transfer next week, and the
same for account. Exchequer-bills have been par to is.
premium. Bank Stock is quoted 189. The New Three-
and-a7Quarter per Cents. are 87i 4. Consols Scrip is
2i discount.
There has not been a single bargain in the Peninsula
Securities to-day. Mexican are dull at 194, and Brazi-
lian at 824.
Railway Shares have been better supported, though
not generally higher in demand.
BRITISH FUNDS.

ONE CLOSINQ
O'CLOCK. PRICES.
Bank Stock .. .. • • 189 190%
Three per Cent. Reduced Annuities .. .. 86 85% 85
Three per Cent. Consols Annuities .. 871,E 87 87X 8714
New Three-and-a-Quarter per Cent. Anus. 87% % 87%
New Five per Cent. Annuities .. .. 112 112
Long Annuities, Expire .lan. 5, 1860 .. 15.16 8 15-16
Ditto, 30 years, Oct. 10, 1859 • • Bsy
Ditto, 30 years, Jan. 5, 1860 .. • • 9% 3-16 9 3-46
India Stock .. . .. 240 240
India Bonds, 1,0001. .. 2 dis
Ditto. under 1,000/. .. .. par par
Consols for May 27 .. •• • • .. 874 87%
Three per Cent. Consols, Scrip •• •• • 2% dis 2% dis
Exchequer Bills. I%d. 2d.
1,000/... 1 p par
5001. . .... 3p
Ditto, Small •... 2 6 p
ONE
FOREIGN FUNDS. O'CLOCK.
Brazilian Bonds, 5 per Cent .. 82%
Ditto, New, 1843 .. ..
Danish, 3 per Cent • . •• 833{ 84
Mexican Bonds, 1546, 5 per Cent .. 19%
Portuguese Bonds, 5 per Cent .. .. --
Ditto, 4 Der Cent .. ..
Russian Bonds .. 109%
Dividends on the above payable in London.
Belgian Four-and-a-Halt per Cent .. 91%

CLOSIN(,
PRICES.
824
83%
84
19N

331 i
1092

PRICES OF
RAILWAY SHARES.

BUSINESS • CLOSING
PAID. DONE AT
PRICES.
ONE O'CLOCK.
Aberdeen.. .. .. .. .. .. 30 .... 24 .......... 24
Amber., Notting., Beston, and

Eastern Junction .. • 2%
Birmingham and Oxford Junction 10 .... 16%
firming., Wolver., and Dudley.. b .... 9%
Caledonian .. 30 .... 23% 3i
Chester and Holyhead .. 27%
Eastern Counties .. 20 .... 18
Do. I'erpet., 5 per Cent. No. 1.61. 13s. 4d. • • .... •
Ditto, ditto.. .. No. 2. 61. 13s. 4d. % p....
Ditto, York Extension .. 7%....
East Lancashire .. • • .. 17 •• • .
Ditto New .. 7%.. • 5
East Lincolnshire .. 6% .... 8 . •
Ely and Huntingdon .. .. 15
Exeter, Yeovil, and Dorchester .. 23y
Great Northern .. .... 2 136
Great .North of England . ..100
Ditto, New .. .. 5 5834 58%
Ditto, New .. .. 25 ....
Great Western .. 85 ....108 .. •• .•
Ditto, Quarter Shares .. 12%.... 15% 15%
Ditto, Fifths .. .. 20 .... 25 .. •
Ditto, New 73g%.•
Leeds and Thirsk • • .• 26 •• .. •• • • 19

P
:5h
1434
714
15%

Ditto, Preference 6 per nt... .......... 3%
London an North-Western 100 ....170 169........ 169
Ditto, Quarters L. and B. 7 .... •• • • ......
Ditto, Fifths .. 2 .... 14% ..........
Ditto, 401. Shares M. &B. .. 40 .... 65 ..... .
Ditto, 101. Shares M. &B. (B) 5 .... 9# •
London and South-Western 41/. 6a. 10d... 61}( •• • . • . • . • •
Ditto, Scrip.. .. • • .. .. 5 .... ..........
Ditto, ditto .. .• 4 .... 3% • • ........
Lynn and Ely .. .. 25 .... 26% % .... •• ..
Lynn and Dereham .. 20 ....
Manchester and Leeds .. .. 82 . .
Ditto, Fifths 5 ....

14%
65
9%
61%

Ditto, Thirds (Reg.).. 71. 45..... dis
Manchester, Buxton, & Matlock 425. ...• )6 dis. )6 dis
Manchester and Southampton .. 2 .... ••. • • •
Midland —
Ditto, New .. .. 6 .... 7U • . 7%
Newcastle and Berwick • . .. 20 •• .. 2444. • .... • 24%
Ditto, New .. •• .. • 5 •• • • 6% %••• • • • • „6. ,Ws
North British . • .. . • .. 25 •• • • •••••- • • • • .10
Ditto, Half Shares .. 1216 •• .. 13% .... 13%
Ditto, Quarter Shares .." • . 34 ..-..
Ditto, Thirds .• 1 214. ... 2)4
North Staffordshire .. 7)4 .... 9)6 9.... ...• 9
Oxford, Wor'ster, & Wolvcrhamp. 22% 131/4 13)4
Preston and Wyre.. .. 25
Ditto, Half Shares (A) .. 836 .... 12 .• • • 12
Reading, Guildford, and Reigate 5 .. • • 43. .......• 4%
Scottish Central • • .. , . • • 1736 .... 23
Shrewsbury and Birmingham .. 334.... •••• • •
South Eastern and Dovor .. • . 3334.... 35 ...... •• . • 3536
Ditto. New (iss. at 321.) No. 1. 20 .... 19 .• • .. •• • • 19
Do., New (do. 101.) .. No. 4. 5 .... 416 •• • 4)6
West Riding Union • • • • .. 4/. 25... .. % die •• .. dis
Windsor, Staines, &S. Western.. 425..... 36 p 3G p
Wilts, Somerset, ,and Weymouth 20 .... 10x, 10)6
York and Newcastle .. 25 .... 34% )4 34'a
Ditto, New.. .. .. 10 .... -• • • l4
Ditto, Preference .. .. 4 .... 6% 636
York and North Midland .. .. 50 .... 81)6 .• 82
Ditto, Extension • • .. 25 — 4 O
Ditto, Preference • . 2 .... ••• • • • 9%
FOREIGN RAILWAYS.
Boulogne and Amiens i 0 .... 16 ••• • • • 16
Bord., Toul., & Cette (Constituted) 4 .... 1% • • l3(
Central of France (Orleans and
Vierzon) • • • • • • • . .. 12 .... 14 • .
Northern of France .. • • S ...... •

Paris and Lyons .. .. .. .. 8 .... 5%..........
Rouen and Havre . ..
Tournay, Jurbie, Landen, and
Hasselt

MUTES.

Real del Monte, 'Unregistered .. .... 31. i ..........

LLOYD'S SHIPPING--(THIS DAY.)
LONDON, MAY 22.—Wind W.S. W., light breeze, and
fine clear weather.
DEAL, MAY 21.—Wind N.W. to S.W.—Sld. the whole
of the outward bound.
PLYMOUTH, MAY 21.—Wind S.W.—Sld. Greenock,
New York.
BRISTOL, MAY 21.—Arrd. Jane, St. Euctasia and St.
Kitts.
_LIVERPOOL, MAY 21.—Wind N.W., fresh.—Arrd.
Harriet Augusta, Robinson, Philadelphia. Sailed Emily,
Shanghae; Sydney, Honduras. Put back, Yorkshire,
Tripp, for Quebec, leaky, having been on shore off Port
Hindley.
TORBAY, MAY 21.—Wind S.W.—Sld. Charles Brook,
West Indies.
WATERFORD, MAY 20.—Wind W. to S.S.W.—SId.
Ellen, Trinidad; Alice, Tarleton, Norfolk; Rhodes, Bal-
timore; Juliet, Planter, Newfoundland; Junior, New
York; Margaret, Quebec; Margaret, ditto, John Bell,
ditto; Agent, ditto; William S. Hamilton, ditto.
CORK, MAY 19.—Arrd. Swiss Boy, Perkins, New
Orleans; Coverdale, Benson, ditto; Countess of Arran,
Henderson, Baltimore; Pilgrim, Blanchard, Norfolk;
Mischief, Grant, ditto. Sld Martha, New York.
WARRENPOINT, MAY 20. —Sid. New Zealand, Quebec.
SHIELDS, MAY 21.—Wind westerly.—Sld. Rokeby,
Quebec.
HARTLEPOOL, MAY 20.—Wind S.W.—Sld. Planet,
Bahia.
NEWPORT, MAY 21.—Wind W.N.W.—SId. Pollux,
Havannah; M. Shallerop, Rio de Janeiro.
.SWANSEA, MAY 21.—Wind S.E.—Arrd. Sir J. L.
Goldamid, Pitt, Cuba.
BELFAST, MAY 20.—Wind W.N.W.—Arrd. William
Carson, Hutchinson, New Orleans. Sid. Glenroy, Nova
Scotia; Hebron, Philadelphia.
LEITH.—SId. Kingston, ilavannah.
GrtExNoeK MAY 20.—The Dawson, of Sunderland,
for Philadelilia, with the crew of a wrecked barque,
was spoken on the 29th ult., lat. 36 N., lon. 51 W., by
the Antigua, arrived in the Clyde.
SuonEnsm, MAY 21.—The John Jessie, London to
Leghorn, got on shore on the Warthingle Point; as-
sisted off, and proceeded without apparent damage.
BLOCKADE OF OPORTO.
The following are copies of an important official corre-
spondence relating to the blockade of Oporto which has
been transmitted to Lloyd's.
" Hibernia, at Lisbon, May 3, 1847.
" Sir,—l transmit herewith for your information the
copy of a letter and its enclosure which I have received
from the Secretary of the Admiralty with reference to
yours of 29th and 31st March last, Nos. 50 and 52, re-
Lave to the mode in which the blockade of Oporto was
enforced.

(Signed) " W. PARKER, Vice-Admiral.
" For Captain Robb, steam-ship Gladiator."
"Admiralty, April 23,1647.
" Sir,—With reference to two letters from Captain
Robb, of the Gladiator, dated 29th and 31st March
last, Nos. 50 and 52, relative to the mode in which
the blockade of the port of Oporto is enforced, I
am commanded by my Lords Commissioners of the
Admiralty to send you herewith, for your in-
formation, a copy of a letter, dated the 21st
instant, from her Majesty's Under Secretary :Df State
for For<.ign Aff.)irs, stating that her Majesty s Advo-
cate-General, to whom toe question has been referred
by Vi,count Palmerston, considered that a bloik.iide,
described in Captain Robb's letters, does not justify

the detention or condemnation of any British or foregin
vessels.

(Signed) "H. G. WARD.
" Sir W. Parker, Bart., Vice-Admiral."
" Foreign-office, April 21, 1847.
"Sir,—l have laid berore Viscount Palmerston your
letter of the 7th instant, inclosing copies of two dis-
patches from Captain Robb, of her Majesty's steam-
vessel Gladiator, dated Oporto, the 29th an' 31st
(Nos. 50 and 52) of March, from which it ap-
pears that the blockading squadron had not, at
the latter date, appcarkd otf Oporto for upwards of
a fortnight, although not driven or kept away by
stress of weather, and stating the Lords Coin
missioners of the Admiralty would be glad to
know the view taken by Lord Palmerston of
a blockade of the nature described by Captain
Robb. lan directed by Lord Palmerston to request that
you will acquaint the Lords Commissioners of the Admi-
ralty that his Lordship has referred the question to her
Majesty's Advocate General, who has reported that such
a blockade as that above described, cannot be considered
as justifying the detention of any British or other ves-
sels. (Signed) " E. STANLEY.'