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

TriE_
_§TTN, LONDON, WEDNESDAY MORNING, JULY 7, 1847.

j character." So far there was a deserved acknowledg-
ment of the partial success attendant upon the speech
of the Hon. Member for Wycombe. So far, notwith-
standing his complimentary waiving of the advisa-
bility of any personal explication, after the argumen-
tative harangue pronounced several nights back by
Sir ROBERT PEEL, the Noble Lord at the head of
the Foreign Department acknowledged the skill of his
assailant. As far as we ourselves are concerned, the
speech " delivered" yesterday evening by Lord PAL,
MERSTOX was a superfluous vindication of a Govern-
ment, whose integrity of purpose in effecting a
tranquillisation of affairs in Portugal had been
already demonstrated by the arguments of a logician
and the utterances of a consummate orator.
To many, however, who have heretofore
failed to recognise the really constitutional
colouring of the policy of the existing Government
towards Portugal, the argument of Lord PALMER-
STON will of itself constitute a conclusive explanation.
After the examination of the remarks of this distin-
guished statesman it is impossible not to discover
that both himself and his colleagues are ardent in their
respect for the great cause of love to fatherland and
reverence to constitutional liberty, which has nerved
the arm, and sharpened the sword, and unfurled the
banner of national revolt in Portugal. Such, in
fact, is the coincidence of opinion between the Mem-
bers of the Russell Administration and those anta-
gonists who, like Mr. IlumE and Mr. OSBORNR,
have been goaded on to vituperation and
invective by the rowels of a mistake, that they have,
if possible, employed the most emphatic language of
indignation when alluding to the culpability of Queen
MARIA DA GLORIA. Not more truly, we are satis-
fied, does COSTA CABRAL appear to Mr. BERNAL
OSBORNE as nothing better than a " JONATHAN
WILD of European diplomacy," than he does in the
estimation of the Ministers of Queen VICTORIA. Ihe
game recently enacted in the Peninsula was difficult
and embarrassing beyond description, but despite the
obstacles afforded. by antipathy, prejudice, and mis-
apprehension, the Government have emerged from all
their embarrassments unsullied and victorious. May
Portugal emerge from the woes of anarchy in like
manner ; may her liberty and her happiness beacon
Bright through the fl?od
Of her tears and her blood.

From the statement made on Monday by Lord
JOHN RUSSELL as to the iNlinisterial intentions with
r,:spect to the Bills now pending before the House,
it appears, inter alia, that the Encumbered Estates
(Ireland) Bill and the Prisons Bill are to be post-
poned until next session. The Parliamentary Elec-
tors Bill i 3 to be read a second time, and, if pos-
sible, considered in Committee, although it is not
desired that it should pass into a law previous to
the dissolution ; while the Custody of Offenders
Bill, which has been maturely considered and fully
discussed, and for which there is a pressing neces-
sity, the Bill for shortening the period for taking the
polls at elections for cities and boroughs in Ireland,
the Bill for the further suspension of the navigation-
laws, the Post-office Bills, and certain other Bills of
minor importance, are to be proceeded with, and, if
practicable, carried during the present sitting.
There can scarcely be a Bill of greater im-
portance to the future welfare of the sister
kingdom than that for facilitating the sale of
encumbered estates. It is universally acknowledged
that many of the evils affecting that unhappy land
are owing to the embarrassments and pecu-
niary difficulties pressing on the proprietors of the
land. We have always expressed our decided con-
victions that the majority of the Irish landowners
would be well-disposed to perform the duties inci-
dental to their position, but that they are unable to
do so from having but limited estates, and also from
the weight and pressure of the burdens and encum.
brances for which they are bound to provide, in the
first instance, before any portion of the rentals can be
applied to the improvement of the lands, or even to
supply their own wants. Notwithstanding the
alleged panic amongst landed proprietors, and
the odium that has, to some extent, been directed
against them as a body, there is abundance of
capital in the country ready to be invested in
the purchase of land at fair and remunerative prices,
if the extraordinary restrictions and difficulties that
have hitherto impeded the free transfer of real pro-
perty should be abated, and what has been happily
termed a " free trade in land itself " introduced and
brought into practical operation. It is of the greatest
consequence that the measure facilitating the sale of
estates, and giving new and summary powers to even
the most remote encumbrancers, sh mid proceed pari
passu with the other necessary reforms; that the dis-
posal of the estates may not be hurried on until the
contemplated enactments, which must naturally im-
prove their value, and bring numerous wealthy com-
petitors into the market, should at the same time pass
into law.

An inquiry has for some time been carried on " as
to the expediency of introducing the registration of
deeds, &c., into England." Persons thoroughly ac-
quainted with the working of the system in Ire-
land, and well qualified to speak as to its com-
parative advantages and disadvantages, have
been examined as witnesses before the Committee

conducting that investigation, practical suggestions
of the greatest value have been submitted for their con-
sideration, and ample materials have been provided to
enable them to judge as to the changes which would
be likely to prove beneficial to the country, and to pre-
pare the necessary measures. The subject of the present
Bill was naturally enough introduced, and it appeared
that many English capitalists, who were the owners
of several millions of money placed at interest on the
security of Irish estates, entertained the greatest
alarm as to the probable effects of the measure, and
had stated their intention, if it passed into a law in
its present shape, to call in the money due to them
respectively. Their views and feelings will be better
understood from the following extract from the evi-
dence before the Committee of Mr. PEIRCE MA.•
HONY, a gentleman of more than thirty years' ex-
perience as a solicitor, of the highest character and of
the most unquestionable talent and ability—claims
which are as fully known and appreciated in this
country as in his native land. Mr. MAHONY says—
" To that Bill, as it now stands, I feel strongly opposed;
and I am confirmed in my opposition to it, by a very able
opinion given on it by Air. Christie, of which I have
read a copy; and also because I am aware of the panic
created by it in the minds of English capitalists, who
have lent millions of money on Irish mortgages. If it
passes in its present shape, I have be' n assured by Mr.
Bockett that over five millions will be called in which was
lent on mortgages in Ireland by English Insurance Com-
panies; and I do hope that at all events it will be post-
poned until some remedy is applied to the evils of our
registry system, which have endeavoured to point out.
In my humble opinion that Bill goes too far in giving
power to creditors, whilst it does not even attempt to re-
medy the defective system of registry, tenure, or title,
which causes the greatest ot our burthens; it mai
shorten the process of sale, but it will leave behind all
the detects and all the expenses of our present system.
Should it be pased into a law in its present shape, and be
put into active operation, it will operate as a confiscation
of a great portion of the present landed property ot
through the double effect of creating a panic
amongst the English capitalists who now hold It ish
mortgages, and exciting a ruinous litigation on bt-halt
of the small Irish creditors, as every one of them will
become entitled, under the proposed Bill, to present a
a sale. The consequence must be the de-
teriorationpetition f t)ro
existed
eincatphiatatalonrrU ted by land in stiegnation, greater than
Ire-
land, accompanied by
other country, though
.7noreupsrlei
ha 4 ever
this Bill has been recommended to Parliamentt as a great
in any y,
boon to my country. I collect from,
.w
.a,t I have heard
as framed by me would not be objected to.
ftrh(e)miaMilir. Bockett and from Mr. Ghristie s opinion,,, that
The objections of a person so thoroughly conver-
sant with the subject as Mr. MAHONT, and his opinion
as to the probable o
to render
it incumbent evdence are
to justify, but ' amply s
consequences of the measure, as set
on the
Government to post p
1 uffici en t not only
tion to a future period -"e
its further considera-
e trust that it may then
be successfully introduced i
and with the additions and i
the suggestions
enulzindatr
io n of opnrsovwehdichfortmhe,
mature and attentive considerat
thus offered may lead to.

Madrid papers of the 29th ult. have arrived. The confirm the accounts which we published yesterd y
ay
of the re-appearance of ABD-EL-KADES in force,
and of his victory over the forces of the Emperor
ABDERRHAMAN.

The Correo publishes a letter dated Tangiers, the
20th, which states that the Moorish Governor of the
province of the Riff had been obliged, from ill-health,
to resign his command, and to pass over to Gibraltar.
He had been replaced by the Governor of Mequinez,
who had proceeded to the Riff with only 250 ca►alry.

The inhabitants rerolted and expelled him from the
province. He then proceeded to Fez, where he re-
ceived a reinforcement of 1,800 men from the sod of
the SULTAN. With this force he returned to the
Riff, but the Moori,h camp was attacked during the
night by ADD- EL- K ADER, who captured the greater
number of the horses, arms, and all the baggage of
the Moorish army. The Governor was said to have
been killed in the milie. The Emperor of MOROCCO
had commanded a considerable force to proceed forth-
with to suppress the insurrection.
The Infante Don FRANCISCO DE PAITLA has ceased
to reside in the Palace.
The Bolsa was closed on the 29th.

We have received the Paris papers of Sunday.
The Journal des Debats says that, in consenting to
have the petition of Prince JEROME BONAPARTE, for
permission to return to and reside in France, re-
ferred to the President of the Council (which is tanta-
mount to granting its prayer), the Keeper of the
Seals took care to state distinctly that the Govern-
ment did not by so doing enter into engagements to
abrogate the laws relating to the Imperial family, but
reserved to itself the power of executing them in the
most mild and liberal manner which was compatible
with the maintenance of the existing institutions and.
the public tranquillity. In commenting on the peti-
tion of the Christians of Lebanon to be placed under
the protection of France, the same journal states that
the anarchy now existing among them is owing to the
fact that they enjoy more liberty under the Turkish
rule than they did under that of MEHEMET ALI.
The Pasha ruled the Christians of Lebanon as he
rules the natives of Egypt, with a rod of iron.
" The reign of MEHEMET ALI in the Lebanon," says
the Journal des Debats, " was like the reign of
ROBESPIERRE in France—it was the reign of terror—
and it is precisely because Syria now enjoys more
liberty, that there exists more anarchy."
According to the Constitutionnel, the municipal
authorities of Paris forced the Chamber to vote for
the Bill authorising the city to raise a loan of
twenty-five millions of francs, by a threat of " the
pressure from without." The Prefect of the Seine
wrote to all the Ministerial Deputies for the depart-
ment, insisting that they should vote for the loan ;
and declaring that if the Bill were thrown out, the
municipality would cease to issue bread-tickets to the
indigent, let the consequences be what they might.
The importations of grain into Marseilles continue
to be immense. the quantity imported within
the last few days is so large that warehouse-room
cannot be found for it, and sacks of corn have been
deposited in some of the best furnished apartments
in the town, waiting for the means of transit into
the interior. The quantity recently imported into
Marseilles alone amounts, according to the Debats, to
450,000 tons. The port is crowded with corn-laden
ships waiting to discharge their cargo, and the price
of bread has fallen considerably both in Marseilles
and at Lyons. At Havre also the importation of
breadstuffs has been very large. On the 28th and
29th ult. there were received there, by six large Ame-
rican ships, 28,523 barrels of flour, 16,601 sacks,
or about 1,500 tons of wheat, and 1,435 sacks of
rye.

The Three per Cents. were done in Paris on Sun
day at 77f. 70c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JULY 5.
Boulogne and Amiens, 16—Ceylon, 1/2—Dutch Rhenish,
4—East Indian, lA—Northern of Prance, 103/4—Orleans and
Bordeaux, 61/i—Paris and Strasbourg, 41/2—Sambre and
Meuse, 7%.

MONEY and COMMERCIAL NEWS
(Front The Sue of Last Night.)
The sales of Cotton at Liverpool vesterdtly were
about 10,000 bales, and included 3,000 Am rican on
• speculation There were 1,000 Pernata and Marhrtham
taken at 711., to 71,1.. 50 Bahia at 81., 1,500 Surat at
4i I. t 41.. 150 sel I-land at 13d. to 20 and :he
rett Aw rican at 61,1. to 70 per in. OF the Surat 1,000
'mks w sp-•culatim. Prices were much the same,
out with more choice for Ame, jean. Shares were quiet,
and, in some instances, scarcely so good.
The Share Market has been very quiet to-day, and
but little business was done in shares. We subjoin a few
of the principal sales of Railway Shares by Messrs.
Lamond and Co.:—
East Indian £o 6 0
Callao, Lima, and Pacific Coast
• ••
North British, Extension
Great Western of Bengal 0 5 0
Barbadoes 0 6 0
Leicester & Bedford, Exchange Certificate 0 13 6
North Wales
South Yorkshire, Doncaster, and G001e... 1 17 0
Manchester, Buxton, and Matlock. ...• 1 18 6
Louvain ala Sambre, ex hit 0 17 6
West Riding Union
Shropshire Union and Canal 2 8 0
Royston and Hitchin
South-Eastern and Dover, No. 4, ex int 4 18 0
There is but little foreign news to -day, with the ex-
ception of the details from Lisbon, which at the present
moment are regarded with very great interest. The
comparatively bloodless issue of the contest since the
interposition ot England, although considered to be as
much the result of luck as of sound policy, is undoubt-
edly a very satisfactory circumstance, and it
may be hoped, that the farther issue may
be as promising. The liberty of the people has
now to be cared for, and the difficulty of influencing
Queen Donna Maria, who can scarcely expect to reign
in the affection ot her subjects, is well known, Experi-
ence may render the task more facile, but there is work
enough cut out for our Minister.
The Discount Market is expected to be rather easier,
as a great portion of the paper running out since the last
panic has been now taken up.
At the Colonial Bank meeting held this day at the
London Tavern, there was a very satisfactory report
read, and a dividend at the rate of four per cent, per
annum was declared. The assets of the Bank are re-
presented by 1,537,473/. 141. 3d. The profit for the
half year is given at 20,836/. 1 le. 9d. The dividend for
the half year at two per cent, was agreed to, and the
meeting adjourned.
The revenue accounts have pleased every one here;
but the late rise in Stocks has been such, it would ap-
pear, as to anticipate, to a great extent, the further in-
fluence which the returns might have been expected to
have. Consols, therefore, merely remain firm just now
at 88i to 89/. The state of the account will partly
explain the position of the market. Exchequer-bills
have been 9s. to 13s. premium. The New Three-and-a-
Qaarter per Cents, have been 91i 4. Bank Stock is
worth 197.
The Foreign market has been dull. Spanish Three
per Cents. are 324 i; and Portuguese Four per Cents.
are rather firmer at 31/ to /. Mexican Bonds have
been 19 to 19/. Belgian Four per Cents. have rea-
lised 94.
In Railway Shares business has been rather heavy.
BRITISH FUNDS. ONE CLOSING
O'CLOCK. PRICES.
Bank Stock .. . .. 197 197
Three per Cent. Reduced Annuities .. • • 89 le I,‘ 89%
['tree per Cent. Consols Annuities 88% 89 88% xdv 88%
New Three-and-a-Quarter per Cent. Antis. 911% ik 914
Long Annuities, Expire Jan. 5, 1860 .. 9 1-16 34 914
India Bonds, 1,0001. .. •" • '' 5
Ditto, under 1,0001.
.. • • • • •• 5
South Sea Stock • • "
Ditto, New Annuities . • • • • • 86% 86%
Console for Opening, July 16 •• •• •• 69 88% 89% 89 89
Exchequer Bills, I%d. 2d.
1,0001... 9 13p
5001. „ 11 15 p
Ditto, Small ...• 20 p
ONE
FOREIGN FUNDS, O'CLOCK.
Equador Bonds .. • • • • •. 3
Mexican Bonds, 1846, 5 per Cent •. 1914 19
Portuguese Bonds, 5 per Cent • • • •
Ditto, 4 per Cent .. • • • • • • 31 14 l 4
Russian Bonds .• •• "' • • • •
Spanish Bonds, 5 per Cent • • • •
Ditto, Three per Cent • • • • • •
Ditto, for the Account • • • • '• 32:74
Dividend,' on the above payable in London.
Belgian Four-and-a-Half per Cent .. 94 94
Dutch Two-and-a-Half per Cent • • 57% %%3 57%
riticEs OF PAID. DONE AT BUSINESS CLOSING
RAILWAY SHARES. ONE O'CLOCK. PRICES.
Birmingham and Oxford Junction 10 .... 17% .......... 17
Bristol and Exeter • • • • •• 75 ••• •
*****
•
Ditto, New• 15 .... 17
Caledonian
•• •• •
Dublin and Belfast Junction • • 15 211
Eastern Counties .. 20 .... 21 214
Do. Perpet., 5 per Cent. No. 1.61. 13s. 4d. .........,
Ditto, ditto.. No. 2. 61. 13s. 4d. 14% p..
East Lancashire .• ••• • 20 .• • • •• •
Ditto, New 10 .... 10
Edinburgh and Glasgow ~ • • 50 •• • • •
• • • • • " • •
Ditto, Half Shares .. ••15 .... 22 .......
Ditto, Quarter Shares .. 211% .... 16%
Ely and Huntingdon .. • • •• 15 '•• "•••• • • • •
Ditto, New .. 1 •• .. ...... •• ..
Great Northern .. . • - 6 ••' • ••••" • • • •
Do., London & York Extension 254 •• • • • •
Great Western .. .• .. 85 .• .. 1174 116.... . 116
Ditto, Quarter Shares .. .. 15 .... 204% 20%
Ditto, New 7 10% 19%
London, Brighton, & South Coast 50 •• • • •••• • • • • 55Ye
London an North-Western ..100 .... 180% 180
London and South-Western 411. 6s. 105... 68%.......... 68%
Ditto, Tenths (Consolidated) •• 50 •• .. 56% .• ..... 56%
Ditto, Scrip.. .. • . • • 5 •• • • 5 ••••• • • • • • 5
Manchester and Leeds .. 82 ..........
Ditto, 'Thirds (Reg.) ..71. 45... .. %p• • • . .. • . % p
Manchester, Buxton, & Matlock 425. •. • • 4 dis. ...... 4 dis.
Midland .. —lOO ....129 • ........ 129
Ditto, New .• .. 40 .... 48%%........
Ditto, New .. 6 .... 10 10
Ditto, Birmingham and Derby 100 ....100 101........ 101
Do., Consol. Bristol and Birm.
:41x per Cent. .. • • • •100 .. • • 128 ....... 128
Newcastle and Berwick ... .. 20 .... 294 ...... 294
Ditto, New .. 5 .... 8114•,••...... $4
Norfolk • • • • .. • • .. 100 ....125 .......... 125
Ditto, New 5 8 4
Ditto, Extension ..• .. 10 .. 10 -
North British .. 25 .... •••• • • • •
Ditto, Thirds .. • • 1 .... 2% •. • •
North Staffordshire .. • . .. 714 .... 10y,
Oxford, Wor'ster, & Wolverhamp. 27%
Preston and Wyre.. . • .. 25 ..........
Ditto, ditto (B) • • • • 114
South Eastern and Dovor 334 3, „
Waterford and Kilkenny 13h., • •
•
•
Windsor. Staines, &S. Western.. 425. •..........
York and Newcastle • • • • 25 38 373(
Ditto, New.. • • •• • • • • 10 ... 163
Ditto, Preference • • • • • • 8 .... 12 % % ........
York and North Midland • . • • 50 8514 .
........
Ditto, Extension •• •• •• 25 .... 4414
FOREIGN RAILWAYS.
Bord., Toul., & Cette tConstituted) 4 ..........
Namur and Liege • • • • •-•- •• 10 .• 414
Paris
and Havre Lyonsani a .."
Rouen
26
Sumbr: and Meuse • • • • •• 14 %.•••.-
JOINT-STOCK BANKS.
Union of London ........10 • . 12% .... •
COURSE OF EXCHANGE.
rdam
•
•
g.h.
t. 13 13Maples
4-0%
PRxs:tanoemprtatitvisilsett,deret e5h....t..
.1 r2c: U. t e22:115e5222d
995653 Le g
horn 30 58
Buenos Ayres .. ••• • • •
sills
25 65 Palermo, per oz 120%
llamburgh
Ditto, • • • • • • • • • • " "
Oporto 53%
26
•.. 26 Rio Janeiro 26
New York, 21 days' sight
Bola
10 4 Philadelphia ••• • • • --
10 5
Trieste, ditto.. • • • • • • • • MUSS OF BULLION, PLC OZ.
•
•
•
Madrid ••..••• • • • " • • 47% Foreign Gold in bars £3 17 9
vpiBl Frankfortfieeaetruenrrit;nes
aebi.eurx.seg f n:••
c 3• ••
Tflai
.e... 122 :
Cadiz
••••46% New Dollars
Bilbao.. •••.••• • • • • • • Portugal Gold Coin
Barcelona •••••• • • • • • • Spanish Doubloons
.• • • Silver in bars ...... •• 0 4 111,4

CLOSINt,
PRICES.

31
111 U

ad P

2 p
3i 4
16%
121.,
88
443,

As there
~
anaotbe
NEW.;.CHEAr-
(From the Times.)
A respectable Contemporary announced
can be no doubt
yesterday his
ofp übnlnisuhreade,
implies
rplleiesas
intention of reducing the price of his paper to fourpence
in the course of this month.
that an interior article will be given, and that our
thanthat
fivepence,really
announcement, paper c
Con-
temporary is driven by sheer necessity to give
up his
present terms, and take to a lower business. The inci-
dent of a sudden drop in the world, from a good shop to
a cheap shop, or from a first-rate manufactory to deal-
ing in secondhand goods, is so familiar as to excite no
surprise, were it not that hitherto there have not been
these downfalls in the newspaper world. But the inci-
dent is the same, and means the same, in whatever line
of life it occurs. If our Contemporary could compete
with us at fivepence, or secure enough subscribers at
that price to pay his expenses, we have no doubt that he
would feel no call whatever to open a cheap shop merely
for the good of the public. We beg to ex-
press our unaffected concern that he should find things
going so much against him. There is room for us
both in the world, and even for many more such.
At the same time we will frankly own that we feel no
surprise at the unsaleable character of his wares. In-
geniously fabricated as they undoubtedly are, they do
not take with ns. We can conceive that we might per-
haps want them or might relish them in some other
state of being than that in which it is our fortune, or
misfortune, to live . but being men, we can neither use
nor enjoy them. Whether the article will be more
adapted to the wants of hurnanity at fourpence than it
was at fivepence remains to be seen. On a former occa-
sion we d present
- e to our r. aders - some of the fixed items
in the cost of one copy of our paper' We beg leave to
repeat them:—
Cost of paper for each copy of this day's
publication ............................. 2d.
Stamp ..................... li
......................
Newsvender's profit ........................ li

Pricy to the Public ........................ 5

Profit ......................
These three-eighths of a . Pen. ny are all that is left out
of the pries of a paper fur the other expenses of its pro-
duction. There remain to be paid reporters, printers,
compositors, correspondents foreign and domestic, repair
of machinery, interest on capital, and the numerous
other burdens to which journalism is liable. The staff
and material of a
newspaper establishment ought to be
the very best of their kind . and as far as the choice of
uptionsble manner, but for un-
spotted men is concerned, the discerning portion of the public
will remember that we have to
pay not only for talent
and industry, not merely for the
roan who will do a fort-
night's work in an nexce
spotted integrity proved by life of service. To render
the channels of intelligence
proof against continual at-
tempts at bribery in
one form or another the most
liberal scale of
payment is required; and if once the
correspondence or the reporting of a paper falls into
the hands of needy and ill-requited men, the pub-
lie will be at the
mere y
the highest. This appiles wi tenfold force to
Y
the case of those who contri to to our lead-
ing columns. The of those who will bribe
must not onl be above bribes,
not only above the suspicion of a bribe and of all private
illfitleUCO Pr interested motives whatever, but they muss

be assisted and induced to iztv, p (irtu r openings and
crap cts, and cli-votti all their energies unit thoughts to
a th.k which, v, ith a cerk:On ,-e,ctve c,mmon to all
earthly enap'oyme demands and deserves this ab=o-
Lite neviition. Interested as we may seem in the affair,
we boldly meintain that the public are themselves tote-
- sted in keepin, .1) ti.e tee of Loudon daily
:,,per, which, after all, is cheapest thing in the ,
whWe work ; for nothing else can be mentioned :n
you can get so much ti3r your nr•ney. A poverty -
stricken journal is sure to be always fishing about here
and there for support wherever commercial or political
adventurers may haply be found. Watch a "cheap
John" through the twelvemonth, and you will
find him offering his wares in succession to
everybody likely to give him a price. England ought
to have a thoroughly independent press—a press that
can rebuke and expose Kings, Lords, Commons,
Bishops, clergy, magistrates, fusetionaries of all sorts,
landlords, manufacturers, farmers, merchants, railway di
rectors, speculators, and every other class, even while, by
means of its advertising columns, it can turn their folly
or their wickedness into gold. England requires this
protection to its liberties. Already it is discovered, atm
made the subject of a rather unseemly boast, that Go-
vernment cannot afford to retain for the public use the
best talent of the day. It is outbid by private compa-
nies. A press in the interest of no one class, but aim-
ing at the common advantage of all, goes far to supply
this want. We belong to the public. We are proud to
think that England is proud of its Times. It is not very
extravagantly taxed for the possession and use
of the first journal in the world. But we feel
that we are perfectly uninterested ourselves
in the scheme of cheap and inferior newspapers. They
do not touch us. We have not lost one subscriber, one
copy of our sale, or one advertisement, through the ex-
periment which has now had more than a twelvemonth's
trial, even though, as we happen to know,
ono of our upstart neighbours has offered to adver-
tise in some instances for no other remuneration than the
presence of a useful and respectable advertisement. It
is commonly said thet cheap things do not inter'ere with
the sale of good things, but that they rather diffuse a
taste for the article, and in that way ultimateiy enlarge
the class of consumers. We believe it to be so in our
case. They who start with a twopenny-halfpenny, or
threepenny, or fourpenny journal, will soon not be sa-
tisfied with anything under a fivertenny one. 't hey will
soon find out that underpaid workmanship is sure to be
" scampt." The experience of every class will assure it
that there is no such thing as a cheap and a very good
article, unless, indeed, by means which the honest por-
tion of the community will hardly wish to encourage—
by defrauding creditors, by plundering dupes, by wasting
capital for the purpose of selling things at less than they
cost, and thtv injuring those who are compelled to cal-
culate closely, and who feel an honourable ambition to
live on their just and proper gains.

On July 5, 1841 ...
~ „ 1842 ...
~ „ 1843 ...
„ „ 1844 ...
„ „ 1845 ...
IP ,/ 1846 ...
/, t 1 1847 ...

Open Deposit
Accounts.

Sums invested with Na-
tional Debt Commissioners

12,881
13,100
13,820
14,638
15,724
16,729
17,939

£260,852
275,072
305,383
340,509
356,265
346,977
319,340

WEST LONDON SAVINGS' BANK. - Comparative
statement of progress at specified periods during the
last seven years:—On July 5. 1841, 2,509 accounts,
39 501/. deposited; 1842-2.910, 46.150/ ; 1843-3,3972,
62.051/. ; 1844-4,078, 71,4141. ; 1845-4.537, 81,464/. ;
1846 4.770, 87,8431.; and in 1847-4,782 accounts,
83,290/. deposited.
RUNAWAY ENGINES.—On Sunday afternoon an
accident, which fortunately resulted m. rely in the de-
struction of a few hundred pounds' worth of property,
occurred at the Brighton terminus. As is usual at the

.ermini of railways, spare engines, called " pilots" are
kaut in readiness to meet emergencies ; and soon after
midday the driver of one of these left the station to get
his dinner. During his absence, William Harrison, the
fireman or stoker, imagining that the boiler wanted re-
plenishing with water, ran out the engine in order to put
the pumps in action ; but instead of immediately re-
turning to the place where the driver had left the engine,
he under a wrung impression that he ought to take an-
other line of rails, and not seeing a pointsman near,
jumped down from the engine and turned on the points
himself, and tried to regain his station on the engine.
His foot, however, slipped, and the engine with in•
creasing velocity dashed forward into the easternmost
line of rails (the arrival platform of the London trains)
and smashed two luggage vans, one of which was driven
through the front of the parcels-office, the spot where a
similar accident occurred a few weeks since. The two
clerks of the parcels- office had left their desks scarcely a
minute before the concussion, and but for this they must
have both perished, as not only were the front wall and
window of the office knocked in, but the desk and
various packages were forced by the luggage van to the
back of the office and smashed against the wall The
fireman was immediately given into custody, and yester-
day morning he was taken before Major Willard, Messrs.
C. Carpenter and J. Borrer, the Brighton magistrates, on
a charge, under the sth and 6th Victoria, chap. 55, of
neglect of duty. for which he was fined 101., or in default
two months' hard labour. The damage to the vans and
I office, including some pictures, for which the company
are liable, is nearly 4001. Yesterday morning a special
train arrived from London with a party of the
" Foresters." The train was a long one, consisting of
23 carriages, and the driver, tr ijud.ring the strength ne-
cessary to push the train to the arrival platform, put on
too much steam. At the end of the platforms as the
very point where th. concussion just described took
place on Sunday, a second-class carriage had been
placed, and beyond this a " hoarding " had been erected
behind which workmen were already engaged in repair-
ing the disaster. The front carriage of the train ran her
buffers through this second-class carriage, which it 'bred
again over the pavement and through the hoarding. For-
tunately,the momentum of the train was now exhausted,
Intl no furthn nikehief wonted.