The Sun.
London, England, 1841-10-02 00:00:00

THE SUN, LON IiON, SATT7RDAY, OCTOBER 2, 1 41.

vote in the election of any Member to serve in Parlia-
ment." Which resolution, of course, must be taken to
refer only to Members of the House of Commons, inas-
much as the Act of Union empowers Irish Peers to give
their votes in the election of the Members to serve in, the
House of Lords in Parliament. Now this is the case of an
objection, and by the 50th section of the Reform Act it is
enacted that where the party objecting shall appear
in support of his objection, the Revising Barrister " shall
require it to be proved that the person so objected to was
entitled on the last day of July next preceding to have
his name inserted in the list of voters for such city or
borough, in respect of the qualification described in
such list ; and in case the same shall not be proved to
the satisfaction of such barrister, or in case it shall bo
proved that such person was then incapacitated by any law
or statute from voting in the election of Members to
serve in Parliament, such Barrister shall expunge the
name of every such person from the said lists." Now,
considering that Lord Normanton stands in this respect on
the same footing as an English Peer, and that for the
reasons stated in Lord Dinorben's case, he is " a per-
son incapacitated by the law of Parliament," from voting
in the election. of Members of the House of Commons,
I am of opinion that his Lordship's name must be
expunged.
DUDLEY MONTAGUE PERCIVAL'S CASE.

The Learned Barrister also gave judgment in this
case, ordering the name of Mr. Percival to be retained
on the list of voters.

Mr. ARNOLD also gave judgment in the cases of
Thomas Fitzburgh, Henry Beauelerk, John M'Mahon,
and Henry Trott Fisher, ordering their names to be re-
tained on the list of voters for St. George, Manover-
square.

The claim of Mr. Robert A. Watson was disallowed.
Mr. James Brent's claim was allowed.
The Learned Revising Barrister then proceeded with
the further revision of the lists for St. George's Hanover-
square. In the course of the day, Mr. Arnold intimated
that he should, if possible, proceed with the revision of
the lists for St James's Westminster, on Monday.

MONEY MARKET and CITY NEWS.

pitoM. THE
_MORNING PaeimS CF THIS VAY•
POST.-- Our attention is called to a subject which has
not, we think, been sufficiently reflected on by the dif-
ferent Railway .Companies in operation throughout the
country. We desire to bear testimony, to the fullest ex-
tent, to the zeal and spirit displayed by the managers of
this novel and rapid mode of conveyance, which aro not
we believe to be surpassed. There is, however, a po7nt
connected with their proceedings that should not be
overlooked by Railway Boards of Directors. It is to be
borne in mind that the Acts of Parliament, by virtue of
which railways have been constructed, are concessions
nut for the benefit of the projectors solely, but for the
good of the public, whose interests may be combined with
those of the parties to whom the privilege may have
been granted. It is, we repeat, important that this
principle should be kept in view. But observations
have been addressed to us on the management of
certain lines which furnish good reason to doubt if
it is in all cases. It is, for instance, represented to us,
in that of the Brighton Company, that the convenience
of those who reside between the termini has not been
adequately considered ; and if the charge be well
founded, as it certainly appears to be, we shall be ren•
dering a service to the
Company, by pointing out the
circumstance ; nor can we question that a remedy will
be afforded. The practice more particularly complained
of relates to the regulation of the trains, as regards time
and stoppages. One of them leaves Brighton at • a
quarter betbre seven in the morning, and another at half-
past eight. The latter stops nowhere on the line except
at Croydon. The next train starts at a quarter before
deem, so that, for four hours, people living intermediately
along the line have no communication with the me-
tropolis although trains are passing their very doors.,
This is a hardship to which exception is in our
opinion justly taken ; and when the reason for the
want of accommodation is considered, 'it seems so
puerile that we wonder the Board of Directors should
have made so ridiculous an arrangement. The non-
stopping one is dignified with the title of " express train,"
and is made to perform the distance in one hour and
three-quarters, whilst the train stopping at the principal'
stations does the journey-in two hours. The 'quickest
journey perfikmedAy the tOmmon stage scoaelf was in
from five to fieeetWa-half hourseyht those who are to
be accommodated:-With the express train are so selfish as
to grudge- ohe little quarter, of an hour for. the conve-
nience- of the public in traversing a distance of 50 miles,
which hadit still to be run by coach would require three
and a half hours beyond. Measures will surely be taken
for the correction of an abuse so fairly open to complaint
from a class of persons who have done much to promote
the passing through Parliament of Bills, by the sanction
of which the various lines have been formed.
TIMES.—The second veto message of President Tyler
clearly proves how his mind has been made up against
all that, in the usual acceptation of the word, can be
called a National Bank. In vain have some of the de-
tails of the former scheme been modified in the hope of
conciliating the President ; he states that in his former
veto message he declared his opinion to be against the
power of Congress to create a National Bank to operate
per se over the Union, and he now affirms that the Bank
proposed to be cranted by the new Bill is open to the
same objection. The details also of the measure, which
are the incidents of a Bank of Discounts in the United
States, are likewise subject to his objection. He perceives
that the right of dealing in Bills of Exchange drawn in
one State and payable in another, may lead to the most
objectionable form cf accommodation, by drawers in one
place becoming the acceptors in another. He uses the
following. words to express his objections to another fea-
ture of the' Bill :
"There is no limit prescribed to the premium in the
purchase of Bills of Exchange, thereby correcting none
of the evils under which the community now labours,
and operating most injuriously upon the agricultural
inequalities States, in which the equalities in the rates of exchange
are,most severely felt. Nor are these the only conse-
quences ; a resumption of specie payments by the Banks
of those States would be liable to indefinite postpone-
ment ; for, as the operation of the agencies of the inte-
rior would chiefly consist in selling Bills of Exchange,
and the purchases could only be made in specie or the
notes of Banks paying specie, the State Banks would
either have to continua with their doors closed, or exist
at the mercy of this national monopoly of brokerage.
Nor can it be passed ever without remark, that whilst
the district of Columbia is made the seat of the princi-
pal Bank, its citizens are excluded from all participation
in any benefit it might afford, by a positive prohibition
on the Bank from all discounting within the district."
This part might have been more clearly expressed, but
its force is obvious, namely, that the proposed "fiscal
agent" could not relieve the evils which it is designed to
counteract. Mr. Tyler also bears in mind the important
fact, that while the evils of the Bank are in its very foun
dation, the Charter world give it an existence, and that
as a monopoly, during the long, period of twenty years,
and thus render the evils irrevocable. He is still in hope
that some plan may be adopted for the appointment of a
fiscal agent," and his sanction to• the repeal of the
sub-treasury shows that that did not accord with his
views; but, at all events, whatever may be the nature of
the " fiscal agent" at last decided on, it will scarcely bo
a national bank. In the meantime it may be remarked,
that the United States can hardly expect to establish
confidence abroad in their financial system till something
of >i definite nature in this respect is make knoWn.. •
HERALD.—It is not neeesiary at present to discuss
the special causes which may have influenced the .con-
duct of the President on tins occasion, further than to
state that a strong and general impression prevailed
among the community that his course and final resolu-
tion, discreditably distinguished for disingenuousness,
double-dealing and gross inconsistency throughout, were
attributable much more to private and selfish considera•
tions than to any large, conscientious, and upright con-
siderations of public interest. Mr. Tyler, it appears,
bsforc his fortuitous advent to the Presidency, was a
person in very humble circumstances as regarded
fortune, and it is charged against. him that he enter-
tains the design of repairing this accident of an ob-
scure and unendowed social• position by running
hard for a second presidential term of four years on
the termination of his present holding. His intrigues
of this end, it is said, were directed to disunite the Whig
party, and by conciliating at the same time the Jackson
or Anti-Bank:party, by his hostility to a national bank,
to attach such a majority as should secure his re-elec-
tion in due time. Such are the speculations of the Ame-
rican press. It is a fact, which 'here, as everywhere else,
will be learned with astonishment, and a fact neither
creditable to him as a man or a high functienary, that
not a single Member of his Cabinet was acquainted
with, or had the slightest intimation of the contents of,
his veto message until it had been laid before Congress.
The general teuour of tho money and commercial
intelligence by this arrival in the United States, has
already been particularised in the second edition of
the herald to. day. The final declaration of the insol-
vency of that mighty institution, the old United States
Bank, ought not however to be passed over in silence.
The Directors by the assignmete of all its remaining
.
property to trustees for the liquidation of its debts have
consummated now irretrievable bankruptcy—a bank-
ruptcy more prodigious, it may be said, titan ever the
world witnessed. For it is the bankruptcy of a magnifi-
cent establishment which started with a capital of thirty-
five millions of dollars, or upwards of seven millions
sterling ; and so total is the wreck that it may be
doubted if a single cent of surplus property will remain,
after the indispensable payment of debts, for division
among the Shareholders. The famous Al ississippi As-
sociation in France, or the South Sea Bubble in
this country, were not on their final explosion to be
compared with this gigantic failure of the United States
Bank, for neither one nor the other were based upon
such a vast amount of real capital. •
SUN.—There was some abatement of the pressure for
Money in the Stock Exchange, but the expectation of ac-
counts from America checked business Operations' a:ld
when they came to hand the Market closed flatly. Con-
sols realised BSi to 89i, and for the Account 8944.
Money was still tight, and Exchequer Bills were not
higher than lls. to 13s. premium. India Bonds, how-
ever, improved to ls. premium, but East India Stock
fell to 2451 and 245. The New Three-and-a-Half per
Cents. were at 98-1., to -1 4
The accounts from Madrid to-day were again looked
upon as very favourable, and this gave a further lift to
prices. The Active Spanish Bonds were 22-k to 1 for
Money, and 22 to b for Account. Portuguese New Five
per Cents., owing to the advertisement respecting the
dividend, were at 304 for Money, and to 31 for
Account. Mexican Stock was flat at 25. Danish Bonds
were firm at 781 ex dividend ; and Dutch Two-and-
a-Half per Cents. at 51i to 1.
The share market was rather flat for Brighton, but
the others were much the same. Great Western
i
nay realised 1 l ; the New, 4i. ; the York and North
Midland, 27 ; the Birmingham, 67.; and the South
Western, 12i premium ; Brighton wer© s
to 53; ;
Greenwich, 121 . North Midland, New, 7A. ; South
and Eastern Creinties, 15
Eastern, 93-1- ; Croydon, ;
discount. London and Westminster Bank shares were
to l premium.
The Foreign Exchanges were firm again this
afternoon. Bills on Paris were taken at 25f. 65c.
to 61e. ; Hamburgh, 13 10:11 to 11 Amsterdam,
12 47:- to ; Frankfort, 149 ; Antwerp, 12 3 ;to 3 •
,
and Trieste, 9 52 to 53.

SECOND EDITION
THE FUNDS-(CL.OSING PRICES)

BRITISH FUNDS. - ,
13 i-i k Stock i' India Stock
...
3 per Cent Red. 4
Ditto Bonds • 1 dis
3 per Cent Cons B9/1 Ditto Old Annuities ...
3h. per Cent 1-Zed — 'Ditto New Annuities... 86i
New 31 per Cent 9Bl 'Ex. Bills, 1,000/....2id 13 pir
New 51 cr Cent — I Ditto 5001— ..... 13 pre
Long Annuities to expire Ditto Small. ...14 pm
Jan. 1860 .. Bank Stock for 0pg.... •
Oct 1859 !lndia Stock for Acct._ _
Jan. 1860.
FOREIGN FUNDS.
Austrian, 5 per cent.... . 'Portuguese, 5 per cent.
Belgian, 5 per cent 'Ditto, New Ditto 3IA
Brazilian 80nd5.......... IPrussian, 5 per cent.
Buenos Ayres, 6 per cent 'Russian, 5 per cent —
Mbar', 6 per cent — Ditto, Metallic —
Colombian, 6 per cent... Spanish, 5 per cent 23
Ditto, I e 24 ... ..... 201 Ditto Deferred ...
I Dinish, 3 per cent — 'French, 5 per cent. —f. —c.
Greek, 18:45, 5 per cent — 'Exchange —f. —c.
Mexican, 5 per cent.... 25i French, 3 per cent —f. c
Ditto, 6 per cent, 1625, 1 Dutch, 21 per cent. ... 514
Peruvian, 1 a 25, 6 per ct. 151 I Ditto, 5 per cent
SHARES
Bristol and Exeter (60 paid) ... ...... 27
GreEt Western Railway (65 paid) 761
London and Brighton (50 paid)... 444
London and Blackwall Railway (25 paid) 93
' London and South Western
Manchester and Leeds (70 paid) ... .. 561
. Midland Counties Railway (100 paid) .. 76
• South Eastern and Dover (38 paid)... 134

SPIRIT of the. PUBLIC JOURNALS

FROM THE EVENING PAPERS OF THIS DAY.
GLOBE.—Sir Robert Peel's grand plea for his present
refusal to propose measures for the country's good is,
" that he is without the information that official power
alone can bestow," and which it is absolutely necessary
for him to possess before he can affori the relief that he
promised,- or must at least have been held to promise
virtuar, y he would on his accession to office at once ,ad-
minister. Now this is not a very honourable plea to be
urged by a statesman who, .for a long series of years, has
devoted
.his whole attention to:public affairs ; but we
must admit that the defence which Sir R. ,Peel, has put
upon the record, his Grace the Duke of Wellington ha;
fully borne out by hi. evidence. If the illustrious meM-
ber of the Tory Cabinet, whose anomalous position of a
seat without an office is typical of the whole body who
are advisers of the Queen, without advising her—if, we
say, the ignorance of the Duke as to what should be done
is shared by all his colleagues, we must at once allow
not only their self-acknowledged unfitness to bring for-
ward any measures for the next six months, but we will
even go further, and express a doubt whether six years'
meditation would be sufficient to qualify them for per-
forming in these difficult times the duties of Government.
The Duke of Wellington, who has already distinguished
himself by the laying down of two or three dogma& re-
markable for their positive tone and their superlative
unseasonableness, thought proper last night to declare,
that though distress necessarily prevailed in some parts
of the country, he was quite sure that there was no dis-
tress from want of food among any portion of the com-
munity. We confess that, even after the allegation
of ignorance, and the demand of time for inquiry,
which the Tory Ministers have put forth, we were
somewhat startled by an assertion, from one so
justly distinguished amongst them, which bespeaks such
a frightful necessity for information as is exhibited in
the sentiment uttered last night by the Duke of Wel-
lington. He admits there is distress, but he will not
allow it is occasioned by want of food. What on earth,
we would ask his Grace, brings thousands of poor fa-
milies within the walls of the workhouses ? For if it is
not want of food, it must, we suppose, be want of so-
ciety, or an insatiable appetite for workhouse fare—not
to supply a necessity, but to gratify a taste for parochial
cookery.
STANDARD.—The Poor-law Commissioners are
tyrants, to put an end:to the Commission without making
any other arrangement would be simply to " embalm
their tyranny." It is proper to repeat it, that the Bill
passed last night is not a Bill to prolong the New Poor-
law ; that is already a permanent law ; but to pro-
vide for its continued administration until Parliament
shall decide upon the course to be pursued . with
respect to it ; and were the Bill resisted by Mr.
Fielden to fail, the only effect must be a kind of
posthumpus administration of the law by the
present Commissioners—an occasion, questionless, of
much confusion, but of more cruelty—for of late the
Commissioners have been compelled by public opinion
to abate, however reluctantly, the rigour of many of
their regulations. Mr. Fielden could not wish that a
power which has recently been exercised chiefly in
mitigating its severer regulations, should be extin-
guished at once without any substitute to exercise
the same power of mitigation. Had the question
before the House contemplated the continuance of
the law, instead of contemplating only the con-
tinuance of the Commission, it would still be a question
whether an unqualified negative would be the proper
mode of meeting it. A great part of the efficacy of the
old law, which old law we agree with Mr. Fielden in
thinking to have been grievously calumniated, rested
upon habits and associations obliterated during seven
years. These- habits and associations cannot be re-
stored, and it would be no less impossible to destroy at
once the other habits, and associations by which they
have been replaced.
COURIER.—The recent intelligence from America
is of a more than usually interesting cliaracter.as regards
this country. M'Leod's trial was to have commenced on
Monday last at Utica, and from the anxiety of the federal
Government to defeat the object, when it failed to silence
the pretensions of the sovereign state of .New York, and
to remove this cause of dispute between the two Govern-
ments, there seemed but little doubt of M'Leod's ac-
quittal. But the point really at issue between Great
Britain and the United States' Government—for with the
State of New York we had nothing whatever to do—was
not as. to M'Leod's participation, or non-participation
in the destruction of the Caroline, but as to the. ame-
nability of M‘lscod to an American tribunal, for an
alleged share in an act authorised and avowed by his
own Government. And what complicates the affair still
more, and sharpens the insult offered to Great Britain, is
the fact that the Federal Government, through its accre-
dited minister, had months ago disavowed the claims
set up by the State of New York of its competency to
try M'Leod, and admitted that he was not amenable
to American. law, and therefore not triable by American
juries. His acquittal under such circumstances, although
tending to allay excitement, and diminish the chances of
an immediate rupture, will be far from offering a solu-
tion of the questions at issue between the two countries,
or from reconciling Great Britain to the outrage offered
to her honour and dignify. We agree with a Morning
Contemporary in thinking that the great acknowledged
fact that a British subject, avowedly not amenable to an
American tribunal, has actually been put to trial, in-
volves the honour of her Majesty's crown as much as if
he were sentenced to death.