The Sun.
London, England, 1847-05-26 00:00:00

NATIONAL BANK OF IRELAND

(TiliS DAY.)

The twelfth annual general meeting of the pro-
prietors of the National Bank of Ireland was held
this day, at No. 13, Old Broad-street, for the elec-
tion of directors in room of those who, in pursuance
of the deed of settlement, re!ir'e from office.
Some interest in the proceedings was evinced, as it
was expected that reference would be made to the
late Governor of the Institution, Daniel O'Connell,
Each IMP., who, during a long and active life
sustained such a conspicuous part in the history of
Europe. The meeting was, therefore, more than
ordinarily crowded.
J. C. Ruding, Esq., occupied the chair.
Among the directors pre.eut we observed T. Lamie
Murray, Esq , J. C. Ruding, E‘q., Fowler Newsam, Esq.,
Robert Sutton, jun., Esq., Charles Bianconi, Esq.,
P. B. Renshaw, Esq., A. P. Johnson, Esq., L. W.
Wheeler, Esq., J. L. Wheeler, Esq., John Ransom, Esq.,
W. L. Wheeler, Esq., Joseph Wheeler, Esq., Charles
Rule, Esq., Thomas Shewell, Esq., H. M. Jones, Esq.
Francis O'Neill, Esq., Captain Sir Burton Macnamara,
Joshua B. Bacon, Esq., Juhn Robins, Esq., George
Coxhead, Esq., Jacob Stanley, jun., Esq., John Pitman,
EN-, Joseph Barber, Esq., E. J. Daniel, Esq., A. K.
Rutchison, Esq., G. F. Hardy. Esq., of Cork.
The CHAlRMAN—Gentlemen, I am happy to have
the pleasure of meeting you at our twelfth annual
Meeting, and I trust that the report which we have
to lay before you will meet with your approbation.
I shall now call upon the Secretary to read the notice
convening the meeting.
The SECRETARY, having read the advertisemen
then, by order of the Chairman, read the following

" REPORT
Of the Directors of the National Bank of Ireland,
made to the Proprietors at the Twelfth Annual Ge-
neral Meeting, held at the office of the Company,
No. 13, Old Broad-street, London, on Wednesday,
the 26th of May, 1847.
" In presenting to the proprietors the Twelfth An-
nual Report of the operetions of th bnk, the irec-
tors deem it right to call their attentiona to the sedveral
circumstances that have occurred in the eventful period
since their last meeting, and which were calculated,
more er less, to affect the property of the establishment.
e "In August last year, the Bank of England, influenced
"Y the favourable course of the exchanges, lowered its
rate of interest to 3 per cent.; but, sub*equently, owing
t° their re-action, and the consequent drain of bullion, it
raised the rate to 4 per cent., and, recently, to 5 per cent.
" The failure of the potato crop in Ireland, for the
second time, caused much consternation, and from being
Of exporting country, Ireland ecame a large imorter
the necessaries of life, thus,b not only disturbing the
astral course of things, but adding considerably to the
elency experienced in countrte; similarly situated.
L "Under these difficult circumstances, new to Banking,
euihsiness in Ireland, and the speculation likely to result
`uerefrum, the directors have preserved one uniform
course, discouraging, as much as in their power, all
Zeculative operations, but affording facilities for the
w Pun of provisions intended to supply the growing
tv,!uts of the country. One of the immediate results of
"13 policy has been already visible, in the increased
andincreasing confidence in the bank, and its ability to
grant accommodation to the legitimate demands of trade
and agriculture.
co" The long discussed question of the abolition of the
thra•laws, became in the past year, a final measure; but
e circumstances already noticed, have suspended their
action so far as the agricultural interest of Ireland is
concerned.
11: The proprietors will be gratified to learn, that the
Ivnk has been instrumental in facilitating the operations
Government, connected with the Commissioners of
4611 c Works, and which have been in force for the
12.tirpt,,e
of relieving the unparalleled distress and destitu-
"Nl which prevails in Ireland.
destitu-
te the previous meeting of the proprietors a strong
',,n. t 4, Was manifested, that the Bank should further
ass;
wfl" in alleviating the wide spread and deep distress
Of ch existed. The directors have now the satisfaction
_ stating that they have carried out the views of the
Po fr prietors, by contributing in various localities upwards
(Ice thousand pounds.
The proprietors will observe, from the accounts now
:,ajo before them, that the past year has been one of
;ernlirperity to the Bank, as, in addition to the two half-
-22751Y dividend* which have remaining aid, amounting to
1%6°12/p the directors have a f•urplus of
Credit' lOs. 2d., which has been carried to the
Sof f the Reserve-fund, wh:reby it is increased to
°St 15S 3d
The
undivided •
184, ivided profits at December,
1, Net', %ere
ce,,Profits for the year ending De-
-euer, 1846
33.112 10 2

9,608 15 3
" Deduct hal-year's dividend
7
~,rito id
i).l,lao„cz, me r, 18-t6..
..... £11,250
1846
...... ° Christmas,
11,250
..................

22,500 0 0
" Leaving amount of undivided profitL,
cc at December, 1846£50,108 15 3
There are now to be elected three directors, in the
t°orn of Nicholas Maher, Esq., M.P., Maurice
, M.P., and Robert. Sutton, jun., whose
t 3 at Lhe board are vacatedlyri:tale
tlotno,bawllieo_etiw‘eiitoerdn.
pre eartdidates. for the ,ql,;et„haentd ),
oclo;,ti b
Approved by
(Signed) T. LAIIIE MU' It AY, Chairman."
The CHAlRMAN—Gentlemen, before I put the ques-
ticn of the adoption of this report, I beg to know if
44Y Hon. Proprietor has any question to ask ?
Mr. JONES—Sir, it is from no wish to ask any
question that the board may not be ready to answer,
of•
beleg a proprietor, and presuming that there are
°tilers who, like me, feel anxious on this subject,
tia
tb bow the account of our late Governor stands
bl the Bank, at the same time that I am persuaded,
tt-411 from the character of the illustrious individual
ee,aled) as well as from the care and attention of
eertaini
uirectors, I may anticipate a favourable answer—
,
.y an answer different from that prognosticated
tfiera,„
si
anY of those who are not so well acquainted with
affairs of the Bank as myself. Therefore,
h r if
14m
---" no objection, I should wish you to inform
tstae,,"; eeting whether the account of the late Governor
as it ought to do.
in Trille e'lalaNtAN—Gentlemen, I have much pleasure
akaaw,ering the question of the lion. Proprietor,
that have the utmost satisfaction in telling you
rtlo ","t‘e balance due from the late Governor is not
extre;"4ll 4,0001., and we hold life policies to the
bank °I 7,500/. besides other securities, so that the
arn ha lose
11 lose nothing by the late Governor. I
re
t 4) he thus able to put at rest all the incor-
of the °int.% that have been circulated, that the debt
60,0001. Governor to this Bank amounted to
70,000/.
jov
am happy to hear so satisfactory an
thswer, although it was only what I expected from
Id• hellourable conduct and business character of the
ree to.„.
" of this bank.
tCThe CHAIRMAN said—Gentlemen, before moving
-"e adoption of the report, it is my paidnfutlhduftyoutor
distinguished
to the tneetiTiofficiatiely tGh
d ouvernor. It is
extremekith
. .raengdrernt that after the presence of that
'gnat distinguished gentleman at the annual meetings
°f this company for so many years, that we should be
dePrived of his valuable services, and that upon this
t'ecation so humble an individual as myself should be
tii4..lled upon to occupy the place so ably filled by
'"' lamented gentleman. To Mr. O'Connell
:1 ewe a debt of profound gratitude for the
v,7,1_4b1e and gratuitous assistance which he afforded
i
his lifetime in the establishment of this Bank. The
:readiness with which, upon all occasions, he lent the
ihd of " Powerful talents for its advancement, and
n able and i
eharged the mpartial manner with which he dis-
of: the Bank arduous duties of a governor
thanksof his colleagues, and
don for him the esteem
entitled him to the warmest
of all interested in this society. The heart
oft Mr. O'Connell, I may say, was centered in this
after pa
he believed that this was an institution which,
Vial
Paying a that
return to its proprietors,
tiai Calculated to contribute largely to the
tshoe-
poor itnprovetnent of Ireland, particularly
ex' classes, whose welfare was his constant
,re
satisfaction and
it was a source of the greatest
Prev
this. leas
toL his decease, that all his endeavours towards
lumen" had been crowned with success, and that his
rear 4T41 ardent hopes for its success had been fully
O'cl„sed-- (Hear, hear.) By the death of Mr.
a4,nnell his children have been bereft of a kind
affectionate parent, the directors of an amiable
f
aTablable colleague, and the proprietors at large o
(qhji'hlY influential and distinguished ratron.—
of oeers.) Having paid this tribute to the memory
tut:. departed friend, I thit.k that it is now right to
Sirie::,° the affairs of the Bank itself.—(Hear, hear.)
of 1)." "ie making up of these accounts, in the month 3,oll,e,nettiher last, which have been already laid before
beehagavo the happiness of stating that the Bank
Our
reserver Progressing most satisfactorily.—(Hear.)
a Point fro
and has increased to upwards of 50,0001-,
which,
in the opinion of the directors, send
hopePe, will be concurred in by yourselves,
1111xitguy ,iargo
to eLable directors . tto ,

".11b

increase the amount of dividend.—(Hear, hear.)
The utmost vigilance has been exercised by
your directors, and will be continued; and,
unless any unforseen circumstances should take
place, we have a confident hope and expectation that
before we hn ve the pleasure of meeting you again we
shall be able to increase the dividends upon the capi-
tal of the Bank.—(llear, hear.) I will now move the
adoption of the report.
Mr. THOMAS &JEWELL wished to inquire, whether
proper provision had been made for any outstanding
bad debts. He wished also to state, that he hoped
great care would be exercised by the directors in in-
creasing the amount of the dividends, because he
felt it to be essential to the security of the concern
that the reserve fund should be kept upon a sound
foundation.
The CHAIRMAN—The amount of bad debts has
been written off, as far as could be ascertained, and
provision has also been made for those debts which
may be considered as of a doubtful character.
Mr. WHEELER seconded the adoption of the report,
which was put by the Chairman, and carried unani-

tutly.
The CHAIRMAN said the business of the day had
been brought to a close, and all that remained for him
to do was to thank them for their kind attendance.
Mr. BACON said he thought it was their duty to
pass a vote of thanks to the Chairman and di-

rectors for their labours during the part year.—
(Cheers.) The report which they had just
heard read must have been exceedingly sa-
tisfactory to those who had watched the pro-
gress of the Bank as he had, and, therefore, he
considered that it was their duty to pass a cordial vote
of thanks to them for their labours. He held in his
hand a list of the profits realised by the Bank
during the last eight years, and he found that they
were much greater than in any previous years ; and
this, they must bear in mind, had occurred during a
period of unexampled suffering in Ireland, when they
might have expected that the profits would
have been reduced, instead of increased. With re-
spect to the increased dividend he wished to make an
observation, namely, that it was a matter which
might be safely left in the hands of the directors.—
(Hear, hear.) Before they had a reserve fund of
50,000/. he should have thought it inexpedient to
raise the dividend ; but when they had a reserve fund
of 50,0001. (Cheers)—and when the interest of
money was much higher than it had been
fur some time past, he thought that they
might make the proposed increase ; but as he
had said, he thought this was a question which
the directors were quite competent to settle.— (Cheers.)

He had, therefore, great pleasure in moving a vote of
thanks to the Chairman and other directors for their
exertions in behalf of the institution.

Sir BURTON MACNAMARA begged to second the
motion. He did so as a person who had lived in
Ireland during the crisis which had come upon her
he had consequently witnessed the operations
of the banks in that country, and could
therefore, confirm the statement of the Honour-

able Proprietor, that by good management the
profits of the B ank had increased during a period
of almost unexampled suffering. He had watched
the operations of -the Bank, and he was, therefore,
in a position to state (and it gave him grew

pleasure to do so) that none could have discharged
their duties better than the officers of the Bank in
Ireland. lie hoped the directors would take into
account the inferior officers of the Bank, and, con-

sidering the high price of provisions, increase their

salaries.

The motion was then earned unanimously.
The CHAIRMAN then said--Gentlemen, we are
much obliged to you Tor the vote of thanks you
have proposed to us. It is a source of the ut-

most satisfaction to us to learn that the report
has met with your approbation ; we trust that

by exercising the same diligence as during the past,
we shall deserve a similar mark of your approbation
in the future. We beg to thank you very cordially fbr the

kindness which we have experienced from you at
this meeting. In reply to the observation of the

gentleman who spoke last, with respect to raising

,he salaries of some of the inferior officer;

owing to the high price of provisions, I have to state

that the su► ject has been already under the consi-

Aeration of the directors, and the recommendation of

:he lion. Proprietor has been already anticipated

by them.

The meeting then terminated.

PRINCESS'S THEAI RE.

Last evening a ph want two act ballad opera, entitled
the King and [he Piper. was pr..due. d here wit cornpl.,t,
eadrstuocfetehses.reilg‘thieot James
scene
'
li
laid in Greenwich, in the early p
and, we may add, most deserved
I.; the hero is a Scorch bagpiper,
I pis
gi in
( GI orvaen bwyjt,h
(Miss Emma Stanley), eh Sandie Macaulay
daughter (Rosa) of old S at the prettyica
who refuses his consent unless Sandie can raise 50/.; and
Sandie writes to the King, asking his Majesty to. ad-
vance the sum to a countryman in distress. Some En-
glish Lords, who hays been plotting to size the King at
Blackheath, hire Sandie, who they imagine has over-
heard their plot, to play a tune on his bagpipes within the
King's hearing, so as to entice forth the King, who is
passionately fond of his national music, when they in-
tend to; seize him. One of their number, Devereux
(Mr. Barker), warns the King of his danger
by an anonymous epistle, and poor Sandie,
who has been left waiting on the heath some
hours, strolls towards the palace, strikes up a tune, and
is sent for by the Kiag,-- who 'breakfasts heartily
off some bannocks and Dumfries ale, which
Sandie has in his pouch, and gives hin,
in exchange for the dainties which had been
provided for his own breakfast. Sandie mentions the
note, and the King imagining that he is the author of
the anonymous epistle, heaps all sorts of favours
on him. -The rebel' lords believing Sandie knows
their secrets, lest he shouli betray them also reward
him, and Sandie takes all as a homage justly paid to
his superior skill as a piper. Several amusing contretemps
arise, and we are carried pleasantly through two acts before
the marriage of the lovers, the eud of all comedies, takes
place. The acting of Miss Emma Stanley as Sandie was
admirable, and in fact securtd the success of the piece.
She was called for at the conclusion, and enthusias-
tically applauded. The music by Mr. Joseph Duggan,
&though it has no claims to originality, is light and
elegant —a cento of pleasant reminiscences. The piece,
which was announced for repetition every evening, will
doubtless have a run.

AMERICA.

LIVERPOOL, TUESDAY.
By the packet-ship Columbia, Captain Fenton, ar-
rived in the Mersey this Morning, we have New York
accounts of the Ist inst.
Politically, they are entirely unimportant. The
Washington Union reports the position of affairs on
the Rio Grande as follows :
"The last letter from General Taylor, of the 28th of
March, reports that our communications with the rear
are new measurably secure, no interruption having taken
place since that reported on the 20th ult. A train ar-
rived on the 24th, under escort of the Ist Indiana Regi-
ment, and another was daily expected. It is understood
that the regular cavalry of Urrea had retired from that
quarter across the mountains; a natural result of the
rc:reat of the train army towards San Luis and of our
precaution to secure the trains. All was quiet at :•al-
til!o; the troops in good healrh, and the wounded ra-
pidly recovering. The inhabitants, both at SAltillo
and Monterey, were generally returning to their homes,
and, in the country, aro engaged in planting their
crops."

The commercial accounts by this arrival are but
little later than those received by the Cambria. Ex-
change, after the steamer's departure, was quoted at
6 to 61 per cent. premium, a little higher being paid,
in some cases, for favourite signatures. The cotton
market was quiet. The flour trade was unsettled,
several holders, in anticipation of the opening of the
canal navigation, having evinced an anxiety to realize.
Freights also were unsettled, and several vessels
were about to leave for the St. Lawrence to
trade. We annex the usual report from the New
York Shipping List of the Ist instant. Dates from
the southern markets are not later than those last
received :

COMMERCIAL INTELLIGENCE.
(From the New York Shipping List, May 1.)
Exchang-e.—Since our last the business in foreign, for
the steamer, has continued to a lair extent, but with
some alterations in prices, and we now quote bills on
London at 6 to 6i per cent, premium, a little higher in
some cases being paid for favourite signatures; Paris,
sf. 363-e. to st. 35c.; Amsterdam, 39k, and ssles of sou-
thern bills at lower rates; Antwerp, 39i to 39k; Ham-
burgh 351 to 35i, and Bremen, 78 to 78g.
Cotton.—The business in this market, since our last,
has not been as large as for the previous three days, but
prices have been fully maintained; the market, however,
closes with a quiet aspect. The transactions reach 3,600
bales, thus :

Upland and Flor. Mobilell2.l to
:o
arnodb:la:letiOcc....r,
Transactions ... 2,500 bales. 1
Ord. to good ord. ... 11 to 111 c.
Mid. to good mid. ... 11 to 121 c. 10 to 12tc.
Mid. fair to fair ... 124- to 131 c.
Fully fair to good fair 13,} to 14c. 14 to 144 c.
Making a total for the week of 9,850 bales.
The arrivals have been, from Bales.
Florida ... ..• ... 1,236
Georgia ... ... 1,049
South Carolina .•• ••• 409
North Carolina ... 84

Total ... ... 2,778
Total import from the Ist to the 30th ult. 21,431 bales.
Export from the Ist to the 27th of April 4,726 „
Export from the United States.

Since the Ist of September last ... 806,703 „
Same time last year ... 960,635 11
Flour—The market here for western flour since our

GENERAL FALL IN PROVISIONS.—Yesterday morn-
ing the price of bread was reduced in several places in
the metropolis a halfpenny in the 41b. loaf ; many of the
under-priced bakers announced the gratifying fact by
large placards, having the words "Gloriinis news, down
again to 10id.," inscribed. The general price ofseconds
bread is from lOid. to 113 d., and the ',ague Company
are selling at 10d. the 41b. loaf ; interior can be obtained
a penny less, and the best bread sells at Is. Id.; fl,kur
has been reduced in proportion. A reduction of a penny
in the pound has taken place in the prices of butcher's
meat of all descriptions, and in consequence bacon and
other cured provisions have been reduced. The fine
weather has caused a large supply of fish, which is sold
remarkably cheap; small soles can be had from 2d. to 3d.
per pair, and mackerel five for is. Vegetables, particu-
lirly greens and cabbages, are very plentiful; the farmer,
which about a week ago sold at 7d u bunch, can now be
had at 2d., and early York cabbages at 1-1-d. each; early
foreign potatoes sell at 3d. per lb.
NEW GOOD CONDUCT WARRANT.—Yesterday the
New Good Conduct Warrant, founded On the recent pro-
ceedings of the light -Manic-for bettering the
condition of the soldier, was issued from the Horse
Guards. It is of considerable length, and authorises an
increase in the amount of pensions, which holds out
prospects of a most brightening nature to non-commis-
sioned officers and privates of good character. The boon
it is thought will be followed by many beneficial effects,
and will, no doubt, in a great measure allay that discon-
tent which has lately prevailed amongst the non-com-
missioned officers as well as privates.
NUMEROUS FlRES.—Yesterday afternoon, shortly
before five o'clock, police-constable Mackwick, whilst
proceeding along his beat in Tudor-street, Bridewell
Precinct, discovered that the premises occupied by It.
G. Price, Esq., as coach-house and stables were on fire.
The officer immediately sound, d an alarm, and in a very
brief period the engines belonging to the Bridewell
Hospital, parish, Londoa Brigade, and West of England
offices attended, when the firemen found that the had
and straw in the lofts over the stables were envelored in
flames. After some trouble the firemen and about 30
hired auxiliaries, who were assisted with a plentiful
supply of water, got the mastery over the flames, but
not before the contents of the loft were consumed, the
root burned off, and the ceiling of the coach-house
severely damaged by water. The origin of the fire
could not be learned. About noon yesterday a fire that
caused considerable alarm broke out at 110, Fleet street.
occupied. by Mr. Mecham, trunk maker. It originated
from some unknown cause in the first floor back, used as
the kitchen Engines quickly attended, and by setting
ono machine to work the thirnes were soon extinguished,
the damage, considering the extent of the premises, not
being very great. The same morning, about ten
minutes past three o'clock, a fire, which had it not been
so opportunely discovered would doubtless have proved
of a most disastrous character, was found burning at
Beale's-wharf, Mill-lane, Tooley-btreet, Southwark, the
property of Messrs. C. and G. Griffin. It was caused
from some defect in the gas pipe, which set fire to the
under part of the flooring in the B warehouse. Owing
to the timely assistance afforded the damage done-was
comparatively inconsiderable. The firm is insured; 4 the
caUdgzia 4c90!
Ui 44440,

last has been dull, and, although the ;t;eki;;;;iuCed
very low, some holders, in view of the opening of canal
navigation, have evinced an anxiety to realise, and prices
have become unsettled, and lower rates accepted.
Genessee and Troy cannot be quoted over 7 dolls. 75c.,
and some has been sold for 121 cents less; Michigan and
Ohio command, in small lots, 7 dolls. 50c. to 7 dolls.
621 c.; 800 barrels New Orleans sold at these rates; tied
800 Onto, via Philadelphia, 7 dods. 37ie. to 7 dells. 50c.
I'o artive, there has been a go al demand, and we notice
sales of 4,000 bai rels, in May, at 6 dolls. 37i,t. to
6 dolls. 50c., the lower rate tor mixed Allchi;..an; 4.000
in June, 6 dolls. to 6 dolls. 25c.; 3,000 in July, 6 dolls.;
1,000 in August, 5 dolls. 75c ; and 1,000 on or betore
Septeusbar 1, at the option of the seller, at the same
price. Southern is inactive; and pi ices gradually recede
-the sales are 3,000 to 3,500 barrels of Alexandria,
Georgetown, and Richmond County, at 7 dolls. 37ie. to
7 dolls. 50c.; and 500 Richmond City Mills, about
8 dolls. 50c. Rye fl t.ll. sells sliwl, at 5 dulls, to 5 dolls.
12e. Higher rives being demanded for corn meal, the
market is quiet-3,000 barrels of Jersey, part to arrive
soon, sold at 4 dolls. 50c. to 4 dolls. 561,...; 1,000, in all
May, 4 dolls. 25c.; 3,000 Western, in June and July,
on private terms ; and 100 puncheons of brandywine,
22 dulls. cash.
Export from the Ist to the 27th of April :-
Wheat flour . . 90,379 barrels.
Grain-There is no wheat here. To arrive in May,
12,000 bushels of Genessee, sold at 1 doll. 50c. to 1 doll.
55c.; and 10,000 of White Ohio, 1 doll. 40c., cash.
Northern rye has been dull, but the market is now,
perhaps, a little firmer ; 5,000 bushels sold in lots at 92c.
to 95c. A smal lot Marley brought 72c. ; the last
sale to arrive was for early in May at 70c., cash.
Northern oats are in less request, and the stock accumu-
lates ; the quotation at the close is 50c. to 52c., at which
5,000 bush, is have b. en disposed of; and 2,300 Southern
at 47c. The supply of corn here is not large, but about
equal to the demand, the market retaining its firmness ;
the sales are 35,000 bushels Northern and Jersey yellow
at 95e. to 97c., wltn 1,000 Jersey from store, at 1 dell. ;
10,000 Southern yellow, at 95c. to 96e. ; and IC,OOO
white end mixed ditto, b2c. to 94c. To arrive the sales
have been large, say 150.000 bushels, partly on terms
nut made public, including in part the May delivery at
80c. to 85e., and June and July at 75c. to 761. Beaus
are in good demand, and considerable sales have been
been made within our range. 500 bags of black-eyed
peas sold part at 2 dolls. 37c. per bag of two bushels.
- Exports from the Ist to the 27th of April.
Corn ... ••• ... 1,052,042 bushels.
Wheat ... 55,490 -
Rye ••• ••• ••• 44,284 -
Barley „„ 8,183 -
Oats •.. ••• ... 89,118 -
Provisions-Old Ohio potk since our last has been
very quiet, and yesterday the market was dull. We
know of no sales worth reporting ; about 1,000 barrels
sour prime brought 11 dulls. 37ie. to 11 dolls. 50c. ;
and 250 new mess, to arrive, 16 jells. 371 c. to 16 dolls.
50c. Beef is inactive ; 100 barrels city prime sold at
9 dolls. 25c. ; 200 mess, 12 dolls ; and 175 tierces
prime mess, a few days since, 20 dolls. 0 ,io lard is in
good demand, and prime in barrels readily cominaLds
10e., and in kegs lOie. ; at these rates, with some No.
2 in barrels, at 91c. to 91e., the sales are 1.500 kegs,
and 600 to 700 barrels since our last. Pickled meats are
firm ; 100 tierces westernThanis sold at 81c., and 60
hogsheads, should•!rs, in dry salt, 6le. New butter sells
on arrival at 20e. to 22e. fbr Western dairy, and 25c. to
26e. for Orange county.
Export from April 1 to 27.
Beef 2.681 barrels.
Pork
Lard

Rice—The transactions have been to a very fair ex-
tent since our last Ssturday's report, and prices are fully
maintained. The sales amount to about 800 tierces of
all descriptions at 3 dolls. 50c. for ordinary, to 4 dolls.
621 c. for good. The stock having been considerably
retraced, holders are firm at our quotations, which we

do not vary.
Tobacco—We notice a pretty good demand, and sales,
since our last, of 175 hogsh ads. Virginia and Ken-
st
vksy,,,
seed
a6tl..ep. ta
rl
tsoBre.s oaseso oitoCico.n; u2.7c tiFctliotraiLd, i'setn6ne-.
intosldrsoecp.Luband
In 200 Connecticut, for export, on terms not
have no new feature to notice in the
market, except that holders of Scotch pig are much
firmer, and some are now asking advanced rates. 200
tons common Swedish sold on private terms.
Freights—The market remains very unsettled, and
rather lower rates have been accepted. Some eight or
ten British vessels have left or are about to leave for
Quebec to engage in the timber trade. To Ireland,
London, and the continent there is but little going for-
ward, and quotations are nominal. To Liverpool we
notice small engsg4rnents in American and British ves-
sels of fl )ur aid meal at 3s. per barrel; rosin, 3s. to
3s. 3d.; tar, 4s. 6d.; leather, id. per lb.; 300 casks'
spirits of turpentine, at 2d. per gallon, &c. A British
ship was taken up to load heavy goods at Boston for
London, at 15s. per ton. ... .
To London—Fiour, 4s. to 4s. 6d. per barrel; turpentine
(North country). 4s. 6d. per barrel; spirits of turpen-
tine (252 gollons), 50s. per barrel; measurement goods,
40s. to 455. per ton; heavy goods, 50s. per ton; cheese,
50s. per ton; beef (304 lbs. to 336 lbs.), 10s. per tierce;
beef and pork, 6s. per barrel; corn and wheat, 16{31. per
bushel; oats and barley, 13d. to 16d. per bushel.
To Havre—Cotton (square and round bales), -!ic. to lc.
per lb.; flour, 1 doll per barrel; ashes, 8 to 10 dolls. per
ton; rice, 12 dolls. per ton; whalebone, jc. per lb.; tal-
low, lard, &c., ic. per lb.; grain, in bags, 30c. to 35c. per
bushel.

PHILADELPHIA, APRIL 30, P.M.

Cotton is firm, with sales of 300 bales- of Uplands and
New Orleans, at 13 to 13. Flour is in moderate re-
quest, and holders demand 7 dolls. per barrel for good
brands; some extra brands sold at that. 1,000 barrels
of corn meal sold at 4 dolls. 37ic. ; and 300 barrels at
dolls. 25c. Rye flour sold at 4 dolls. 87ic. ; 7,000
bushels of good red wheat sold at 157, and white at 162 ;
3,000 bushels of corn sold at 93c., and 2,500 bushels of
oats at 51i. 23,700 barrels of flour, 59,362 bushels of
wheat, 35,327 bushels of corn, aid 18,177 barrels of corn
meal, were exported from Philadelphia last week, princi-
pally to Europe.

BALTIMORE, APRIL 30, p.BI.
The flour market continues dull and unsettled. I note
a sale yesterday morning in two lots of 200 barrels each,
at 6 dolls. 720 , and about 500 barrels, Susquehanna
brands, at 6 dolls. 75c. There are buyers only to a mo-
derate extent of flour at 6 dolls. ne. Some are unwil-
ling to offer more than 6 dolls. 624 c. Holders are
rather Inxicus to operata at 6 dolls. 75c. Nothing of
moment doing in City Mills. Small sales of some 400
barrels at 6 tolls. 87ic., and 100 barrels yesterday at
6 dolls. 75c. Corn meal is very dull, and can be had at
4 dolls. 37k.

THE CHELSEA PENSIONERS.—Yesterday the dif-
ferent metropolitan divisions of the enrolled out-pen-
sioners of Chelsea Hospital, including that from Wool-
wich, had a grand field-day in Hyde park, preparatory
to their review by the Commander is Cbiet, iu that park,
.toittencrwo . .

THE SUN, LON DON, WEDNESDAY EVENING, MAY 26, 1847.

MR. O'CONNELL.

And again he invoked all the beauties of his dear Ire-
land and her verdant hills, and her picturesque sites, and
j her immense lakes, and -her population, brave, honest,
devoted, intellectual, and so worthy to be happy, so
well disposed to become so, and which the brutal hand
of the Saxon crushed like a flower of which you break
the stem. Ireland, first flower of the earth and first
gem of the sea !' •-Ard with this enthusiasm he
mingled the traditional history, the remarkable
deeds of arms, the ancient glory of his country,
which gave masters to all Europe, and which was learned
when other nations were plunged in ignorance and bar-
barism. This was the inexhaustible theme of his
speeches, and it was by re-animating that love of coun-
try more and more, that he was able to conquer the
most unbounded empire and popularity ever enjoyed by
any man. The history of that first association is
similar to that of all the others, and the talent, as well
as the power of O'Connell, preserved since then the same
character. The English, seeing that new struggle in
the name of the law, wished to terminate it by the law.
The Bill of 1825, presented by Goulburn, afforded Sir R.
Peel an occasion to pronounce a remarkable speech,
which subi-equeritly caused him embarrassments, and
perhaps excited .in his breast the remorse attending a
bad action. It summed up the whole English constitu-
tion in these words:—' Hatred of Untholicistn, distrust
towards Irish idolaters!' The Bill adopted prohibited
all meetings, all associations, during more than four-
teen days! This was sufficient for O'Connell to con-
tinue to develop his work. The law was promulgated
in the month of March. On the 13th of July the
Catholic Association was re modelled on a rew legal
j basis. It no longer had a centre nor a constant duration.
It had as many centres as there were towns, as many
meetings as there were villages; the principal craters,
and O'Connell at their head, traversed Ireland in every
direction, and innumerable assemblies hailed them with
transports of enthusiasm. It was on the I3'h of July,
in the church of Waterford, amidst the prelates and
crowd which thronged the edifice, that the new associa-
tion was inaugurated. The Catholics, not satisfied with
speaking, resolved to act. They were excluded from
Parliament, and determined to furee their way into it.
Fitzgerald, the representative of Clare, had become
Cabinet Minister, and again solicited the suffrages of his
former constituents. An order was given to elect
O'Connell in his place, although O'Connell was not
eligible. The particulars of that solemn demonstration
are known to everybody. During three days the Irish
electors, escorted by a multitude of peasants, repaired
to the hustings, and openly- voted for O'Connell. During
three days the people. in a mass, kept watching, and,
strange to say, no act of di: order, i.o sign of intemper-
ance, disturbed that immense reunion. A solemn cir-
cumstance imparted a dramatic colour to the event.
At nighttal, %hen the result (if the poll was about to
be proclaimed, a Catholic clergyman made his way
through the crowd, ascended rte hustings, and cern-
mantling silence with his hand, slowly pronounci d
these words—' Irishmen I brethren ! an impious
Catholic had the misfortune to vote for Fi:z
gerald.'—(' Shame! shame!' exclaimed the indignant
people.) Silence,' replied the speaker, in a severe tone;
the indignation of man is feeble compared with the
wrath of God 1 The hand of the Almighty has
punished him. I inform you that he has just been
struck with apoplexy. A prayer for his soul!' And in
an instant the whole multitude fell on its knees, when
some stentorian voices shouted out. • O'Connell is re-
turned! O'Connell for ever! O'Connell and Ireland
free!' The crowd then dispersed in every direction,
carrying to the extremity of the island the glorious
tidings which made every heart rejoice. He proceeded
to London, presented himself in the House of Commons,
and when tendered an oath he could not take he protested
and retired. The electors of Clare refused to elect
another deputy, and the agitation of Ireland becoming
more and more menacing, the English ari.tocracy was
aalways
m thatagni same
compelled to yield, and the emancipation of the Catho-
jdmebySirthßeobsetrratnPgeeel,whose
les
fortunewas
proclaimedws
b y
circum-
stance that he was obliged to carry the measures
most violently opposed by himself and his party. We
shall not continue the biography of O'Connell
any further. The events are too near us, and the
traces of his passage though Parliament cannot
be so soon effaced. When the Whigs resumed
the direction of affairs O'Connell, confiding in their
good intentions, extinguished the fire he had kirdled,
and which lie was able to rekindle during the Tory
Administration. His influence over the masses still en-
dured, but his action over the enlightened and resolute
patriots had long been on the wane. The Cabinet of
Sir Robert Peel renewed the popularity of the Agitator
by instituting against him judiciary proceedings, similar
to those already directed against him, at another period,
to the discomfiture of his persecutors. But on the re-
turn of Lord John Russell, all those angers, those pro-
mises of repeal, all that movement imparted to a popu-
Whin which he was certain to restrain, all that ardent
and sarcastic eloquence, which preserved in his old age
all the power and vivacity of his youth, suddenly
vat.ished like a phantom. Then an opposition formed
itself round him, and ultimately against him. This was
his deathblow."

The Paris National publishes the following elo-
quent, and in many respects just, biographical sketch
of O'Connell :
" We should write an entire book, comprising the
history of Ireland for the last fifty years, it we would
give a complete idea of the life of O'Connell. In writing
those lines, in which we shall unite some personal im-
pressions with recollections well known ta everybody,
we desire to appreciate that great character without dimi-
nishing its proportions, and to pass judgment on the
politician without giving to his acts a sense or a mean-
ing contrary to his own. Daniel O'Connell entered
upon public life at '22 years of age; death alone with-
drew him from it at the moment when he was about to
attain his 74th year. The admirers of his glory may
consider that his death arrived at too late a period. Had
he fallen five years since under the last persecution of
the Tories, and in that prison to which he was accom-
panied by an entire nation, he would have been, to use
the language of Bossuet, ' entombed in his triumph.'
His destiny did not permit that; it struck him in a
foreign land, fur from that green Erin which he adored,
and during latter years. whilst his powerful constitution
was declining gradually and Ireland was being decimated
by famine—lreland, a victim full of resignation, had no
lonecr the force to cause her groans to oe heard. At
that period every eye was directed towards that man
who held the nation suspended at his will ; he was re-
minded of so many speeches full of hope, so many
illusions maintained by his eloquence—he was accused
of having by a compromise perslys, d every burst of
courage, and crushed in the bud every real attempt at
emancipation. T.te inclemency of the weather ano the
unproductiveness of the season were attributed to him.
In what were we deficient at :hat moment,' exclaimed
lately a patriot of the Young Ireland school, ' neither
hands, heart, or intellect. We are possessed of all those
advantages in the name of our eternal rights. At pre-
sent we possess none of those—and the violence of con-
quest, and the culpable weakness of those who have made
a treaty with our enemies, have caused the continuation
of that impious and homicide rule which converts
8,000,000 of Irishmen into a type of the most miserable
amongst civiized nations!' The bitterness of those com-
plaints fell drop by drop on the heart of O'Connell,
whose blood was congealed and no longer felt that ener-
getic excitement by means of which he governed so long.
He himself felt that the stamina of his beat days could
scarcely suffice to make head against so desperate a
situation. That aspect of Ireland, whose wounds were
gaping—those accusations, which appeared to impute to
him a part of the most perilous responsibility—the bald
plans of the Young Ireland party, which filled him with
terror—the feeling of his own declining health—ail com-
bined to hasten his last moments. We are net so unjust
as to refuse to acknowledge the great services which lie
has rend -red. He, it is true. did not accomplish a wick
apportioned to the power which be enjoyed, but what
we wished of him he did not wish. He has been
frequently honoured with the title of tribune ; he
never possessed more than its exterior qualities—
the lofty stature—the athletic force—the exterior pas-
sion, and perhaps the language; but he neither possessed
the instincts nor the resolution of a tribune. There
is nothing more common than to be deceived by ap-
pearances ; genius possesses the rare privilege of com-
prehending everything, and we imagine that we expe-
rience profound sensations when we merely reflect those
of others. It was thus that O'Connell became the
indefatigable echo of grief which he did not feel, and
passed for a tribune of the people whilst he was merely
the powerful advocate of the middle classes. Daniel
O'Connell had seen in his youth the efforts of the mul-
titude, the ardent impatience of that oppressed nation--
the mysterious insurrection—the frequently sanguinary
violence of the Irish perishing of hunger—those appeals
of the secret societies to arms, succeeded by t hose terrible
executions el which the traces were to be found on the
high road or at th 3 gates of the rich—the entire his-
tory of a people reduced to despair, which feels the
weight of invasion on its breast, and which contends
with fire and sword against the foreigner. Well 1 he
execrated that history ; he came not to organize that
army, but to destroy it ; he declared so in the first
speech by which he established his reputation ; he
wished to substitutea struggle in the face of the sun for a
midnight battle,--legal means for violent conduct,—for
the vengeance of despair he substituted that activity which
affords hope. From the commencement he spoke
with respect of le.,ality ; he declaimed vehemently
against the oppressed, who by their crimes
appeared to wish to justify their oppressors ;
and in the ) ear 1811 he pronounced those words,
so often repeated by him, that the greatest progress of
the human mind was not worth a single drop of human
blood. It was easy to see from that moment in what
circle he had enclosed himself. The sight of the mas-
sacres, the political trials, and the sentences of death
passed in the year 1798 struck his mind with an invin-
cible horror for the Saturnalia of force. At a later
period, having been insulted by one of his countrymen,
he fought and killed his adversary in a duel. Af:er this
affair he ran to a Catholic church in a state of distrac-
tion, arid yew( d that he would never again touch an in-
strument of destruction. Tnat double impression decided
his political career. Thus oppression might stretch its
springs and double the number of its victims. O'Connell
determined to combat and pursue it without any cessa- '
tion, but he had previously traced the hue beyond e hich
he would not pass. It was in legality he placed his
hopes—it was legality which was his only flag—that was
the cause of his feebleness and latterly of his impotence
—it was likewise his force as an agitator and as an orator.
He said, like others, Peace everywhere, and for ever ;'
but that peace was neither idle nor disgraceful—it was
neither sterile, corrupt, inert, nor sleepy. He was
able to snake that peace formidable to Eiigiand, and he
derived from it all the conquests which it was possible
to extract. From the population of Irish peasants,
enrolled under the banner of the Whiteboys, he
wished to form an immense Catholic legi- n, the clergy
was his staff. It was not through calculation that he
sought that auxiliary, which offered itself so naturally
to him. Lord Bvren makes one of his heroes speak
those noble wards, analogous to those which Lucite at-
tributed to Cato-- I am ever of the religion of the per-
secuted.' O'Connell had a lively faith in that religion
—a faith which never wavered. The persecution of
Catholicity in Ireland prolonged the fanaticism Of the
middle age to modern times. We can scarcely believe
when reading the last memoir of O'Connell that such
sanguinary laws could have been applied at the com-
mencement of the present century. The title of Ca-
tholic proscribed that of citizen—he possessed no tight,
no property, no aselum. We do not wish to stir that
pool of blood, but an idea may be formed of the civil
position of the Catholics, when it is known that a Pro-
testant meeting a Catholic on horseback had a right to
make the Catholic alight and take possession of his
horse. Such was Ireland when O'Connell entered on
public life. It was the period when Pitt by force and
seduction, menaces, and bribery destroyed the Irish
Parliament and proclaimed the Act of Union. The
patriotism of the Irish was roused, and the billowing.
passage from the speech of an orator who had opposed
the union was placarded on the walls of Dublin: Ire-
land is no longer anything but a colony of slaves for
England.' O'Connell had soon an opportunity of ex-
plaining his principles on this subject during a political
trial, and his language was so persuasive,
when
leaving the court-house he was hailed as his
appeal to the country so pathetic, that
che
chief of a new party. Nevertheless, his success at t
hisbar
reputationrestrained
andhim .h
sFpurronac t i
et he ya
e
s o much at
net,
produced him 20,0001. sterling a year- Still, however,
be did not neglect his general Interests—there was not a
public meeting at which
his voice was not heard—not a
banquet at which he was not the popular orator—not a
er iBO9
increasedto the
t
petition nor an address which was not prepared by this
accomplished lawyer;—he thus converted the laws pre-
pared to crush him into an arm. Nevertheless England,
which had made so many promises in order to obtain

the Act of Union, proved herself implacable. ' She
grants us nothing,' exclaimed O'Connell in 1820, ' be-
cause we do not stir. Let us agitate ! Let us unite !
Let the weight of our petitions crush the table ot the
House ot Commons, so that by the noise made in breaking
the table, the House may at length be warned that we
are milions of men crushed by iniquitous laws.' Vain
hopes I There are periods when nations appear to lose
every principle of life through torpidity. In the year
1823 two men, equal in eloquence, met at v, icklow ut
the house of a common friend ; both patriots and both
young, they shed tears on the fate 05 Ireland. Tb.,e
were Sheil and O'Connell. Supported one by the other
they determined to rouse the population from its apathy
by founding a vast Catholic Association. The founda-
tion was soon laid, and they agreed to meet in the
parlour of a bookseller in Dublin. Ten members were
considered sufficient to found the association. Four
meetings were held, but notwithstanding the most
pressing invitations the ten members could not be
after waiting
a
Ir. found.two h 0 u
rs Theth they
swt
edraey
about they
twoe
sr
ee eight,ptirat
e, and
when A
O'Con-
nell heard voices in the bookseller's shop. They were
those of three students in divinity who came to purchase
books. According to the statutes of the association in
embryo every ecclesiastic was ipNo lade a
member. Mr.
O'Connell invited the students to take their places—they
hesitated—he forced them into the room, end closing the
door he exclaimed with a thundering voice, ', We are
constituted—Mr. Sheil, I call on you to speak.' This
feeble nucleus soon became larger—the acorn assumed
the proportions of an immense oak—all the priests were
appointed officers of the association—within two years it
extended
anye ntiraectteort vio
ritorle—ncie was committed
t presented Itself
verynvi
against an Irishman a lawyer was employed to prosecute
the affair—the act was denounced in the newspapers and
at the meetings of the association. At the close of the
year, 1,201,000 signatures were attached to the Catholic
eex.ehder over
e, andthife
petition, and
the following year more than 2,000,000.
Ireland appeared to be rousie .d, and the feeling of
nationality inspired her popu at. The activity of
O'Connell appeared to exceed the powers of a human
being. He spoke during seven or eight hours a day
—harangued everybody—at o.ne moment in the public
streets, the next at a meeting ; the
same day at a
public dinner, and the following day appeared e.
letter signed by him in the journals of the association.
or 50111 C pamphlet, or denunciation of an abomi-
nable law or an act of oppressive Government. He ex-
cited agitation with all the strength of
his powerful
lungs. It
was then that he developed all the resources
nce—little careful •
of his unparalleled eloquence of his style,
but =ending to the sublime and descending. to the gro-
tesque with the same facility—an el queer.) spontaneous,
multiplied, varied, affecting every chord of ~th© human
heart—exciting at his pleasure the. laughter or the tears
of the auditory, according to
.cir.cumstances —inflaming
the passions—raising and calming storms—sometimes
burning, and sometimes picturesque, but ever animated
with that spirit of inspiration dray.n ft orn the love of his
country cod hatred of oppression. He found pleasure
in quitting old patriotic adages, evert when they were
opposed to his principles. How many times did he not
repeat those celebrated lines— _
g Hereditary bondsmen, know ye not
...,
'Who would Do aeo-kagalizuett 1446 tke blow :'

The Nutiohal then concludes with an extract from one
of O'Connell's speeches, delivered at Waterford, iu
which he predicted that the rising generation v%ould not
be so patient under suffering es those that prtceded it.