The Sun.
London, England, 1847-02-11 00:00:00

THE SUN, LONDON, THURSDAY EVENING, FEBRUARY 11, 1847.

MR. DISRAELI'S NEW WORK.
In the press, in 3 vols. post Bve.,
T A N C it
OR, THE NEW CRUSADE. E A-,
By B. DISRAELI, M.P.
Author of " Conlngsby," " Sybil," &e.
Henry Colbuna, Publisher, 13, Great Marlborottgli-stroef.

MRS. GORE'S NEW WORE.
Now ready at all the Libraries, In 3 vols.,

TEMPTATION AND ATONEMENT.
By Mrs. GORE.

Authoress of
"Mothers and Daughters," " The Banker's Wife," &c.
Henry Colburn, Publisher, 13, Great Marlborough•street.

NEW WORK BY MISS PARDOE.

Just ready, in 3 vels. B;;;;Ts'itluumerouilr7irWings on Steel r. d
Wood, by William and George Measom, 21. 2s. bound,
LOUIS the FOURTEENTH, and the COUIt
of FRANCE In the SEVENTEENTH CENTURY.

By JULIA PARDOE,
Author of the " City of the Sultan," &e.
Richard Bentley, New Burlington-street,
Publisher in Ordinary to her Majesty.

NEW NOVEL BY JAMES SHERIDAN KNOWLES.
Next week, in 3 vols., Fost gvo.
GE OR GE L 0 V E L L.
A Novel. By JAMES SHERIDAN KNOWLES.
Alec, in 2 vols., poet Svo.,
MEMOIR OF THE REV. H. F. CARY, Translator of Dante.
with his Literary Journal and Letters. Edited by his son, the Rev.
HENRY CARY.
Edward Moxon, Dover-street ; Agents: A. and C. Black, Edinburgh ;
Cumming and Co., Dublin ; and Griffin and Co., Glasgow.

RAILWAY SH PUBLIC
ARES BY ULIC SALE.
3TESSAS. LAMOND and Co., RAILWAY
JL SHARE AUCTIONEERS, beg to thank their Friends
and the Public for their continued support aRP: patronage, anti
to announce that their Public Sales of Railway Shares, &c..
take place every Ter.snae and Flimsy, at One o'clock, at the:
Hall of Commerce, Threadneedle-street, London, to which place.
favours, containing instructions (with a reference), are respectfully
requested to be addreesod.
AR Scrip and Share Certificates must be deposited, the day
previous to their being offered; and advices of results will be
lorwarded by the first poet after the sale, and the proceeds imme-
diately disposed of according to lastructions.
Offices, Hall of Commerce, Threadneedle-street. London.

THE WEATHER.—Sux OFFICE, FEBRUARY 11.
THERPIOMETER, Lowest, 2S; Highest, 34 ; Neon, 374.
BAROMETER, 29.82.—W1ND W.N.W., mild thaw.

HIGH WATER AT LONDON-BRIDGE THIS DAT.
Iforning .. 37 Intrintes after 9. I Evening .. 15 antruatee after 10.

adjourned till Wednesday next, and the House rose at
Six o'clock.

Session after session has the Ten Hours' Bill been
brought under the consideration of Parliament. It
has been repeatedly the theme of most earnest and
eloquent discussion, it has been ably and vigorously
supported, it has been resolutely opposed, and, though
occasionally triumphant, it has been again and again
rejected. Nevertheless, though continually rejected,
it has been continually increasing in strength, it
has been continually acquiring new sympathy
and support, and is now awaiting its second
reading in the House of Commons with every
prospect of a favourable result. In a few days,
it will, doubtless, be the law of the land.
The long protracted, hardly won victory will be
achieved, and though long protracted, it will be most
welcome. If ever triumph was merited by patient
endurance and persevering exertion, triumph has
been indeed merited by the supporters of the Ten
Hours' Bill. For long years have the anxious opera-
tives, for whose benefit it is designed, prayed and
petitioned the Legislature for assistance, but they
have prayed and petitioned in vain. For long years
have the advocates of the measure brought forward
the most unanswerable arguments and appa-
rently irresistible appeals, but their arguments and
their appeals have been alike unavailing.
And how is this ? Whence arises this determined
and enduring opposition ? The cause is obvious.
The opponents of the Ten Hours' Bill, beginning
with false premises, have arrived at a false conclusion,
namely, that such a measure would be most preju-
dicial to their own interests ; hence their opposition
which is perhaps only natural. According to the
way of the world, it is perhaps only natural, that
men should oppose what they believe inimical
to themselves. With this line of conduct we
do not now find fault (that were indeed useless), but
we find fault with the belief by which it is inspired.
It is adopted on entirely mistaken grounds. A mea-
Isure so obviously advantageous to the workman
cannot and will not be found injurious to the master.
The employer cannot suffer by what benefits the
employed. And that the proposed altera-
tion wild benefit the employed, has been
assuredly proved beyond all power of gain-
saying. On an impartial investigation how does
the matter lie ? what is the question at issue ?
Simply this. The women and young persons em-
ployed in the manufactures are now compelled to
work for twelve hours in the day ; they are com-
pelled, it is useless to gainsay it—their own neces-
sities render it imperative on them to obtain work,
and the masters, generally speaking, will not, unless
restrained by the law, give them work upon other
terms. It is proposed, by the interference
of Parliament, to relieve these " women and
young persons "—for, be it remembered, it is only
with these we have to deal—it is proposed to relieve
them from two hours daily labour, and, we ask, how
will this alteration affect them ? Will it prove a
blessing or a bane ? Let us descend to particulars ;
let us contemplate an individual case. Let us look
on the wife and mother banished from her family,
wearily working the whole live-long day, and then,
wearied and worn-out, returning at a late hour to her
roof—to her roof shall we say ?we are almost at a
loss for a word by which to designate it—we
cannot call that place her dwelling, where
she never dwells ; we cannot call that place
a lwme, from which every domestic happiness
is banished. Let us picture this hard life of
toil, and think, all she asks from us is two hours of
rest. No, something more than two hours of rest,
something more than the mere interval of two hours
—she asks for an opportunity to hold communion
with her family, to look upon her little children, to
cheer her desolate hearth, and perhaps reclaim her
now deserted husband—for in two hours it will be
possible to effect all this. To those who consider the
duties of domestic life entitled to a moment's considera-
tion, the proposed alteration must appear of incalculable
advantage. If this view of the question had been re-
garded more, the opposition to the Bill must have
been assuredly much diminished. And why has it
not been regarded, is it after all but a minor con-
sideration? When NAPOLEON inquired of Madame
CAMPAN what was necessary for the good education
of the youth of France, " Good mothers," she replied.
The Emperor admitted the justice of her observation.
"We have here," he said, " a system of
education in one word." It is this very
system of education which our present factory
regulations seem fitted to subvert. Their frames
weakened by excess of toil, their understandings by
neglect of culture, owing to the unceasing employ-
ments in which they are engaged from their youth
upwards, the unfortunate factory women assume the
arduous duties of wives and mothers, both morally
and physically disqualified from fulfilling them aright.
It has been proved by a late inquiry that out of every
hundred deaths occurring in the manufacturing
districts more than sixty-one are those of
children under two years of age I Does not this fully
prove the terrible effects of the present system ?
But these and similar arguments have been already
frequently brought forward by Lord ASHLEY and
others, and although they cannot fail to arrest atten-
tion and excite sympathy, they have as yet been
found inadequate to convince. Unanswerable as
these arguments must appear, innumerable objections
have nevertheless arisen. We are told perhaps that
this is all very well, very humane, and 80 forth,
but that it will never do in practice, that it is against
all the principles of political economy. So far, in-
deed, has this last objection gained ground, that this
seems to be now almost regarded as a question of
Humanity, versus Political Economy—an antagonism
which is absolutely impossible. Let us not regard this
matter, as it is too often regarded, only in a superficial
light ; let us not heed the specious phraseology of
those who seek to disguise their own selfish
schemes under fine sounding names : never mind
what doctrines the so-called political economists
may put forth, let us look at the principle itself.
After all, what is political economy, and what does it
teach Us ? Is not its first great maxim, the main
object to which it tends, " the greatest good of
the greatest number ?" Is not this the great ob-
ject of all Governments and of all laws, and
shall we then be told that to increase the
wealth of one particular class is Political Economy!
No matter if the labourer suffer, if his frame be
weakened, his heart withered, his intellect destroyed,
no matter if he die, body and soul, so that his mas-
ter's business prosper—that is the great desideratum !
Let his hands " produce," no matter at what per-
sonal sacrifice, and let his master " consume"
the profits—this is political economy ! In the
same way men "call it freedom when them-
selves are free," or deem themselvea religious when
they find fault with the creed of others. Children
may be frightened by shadows, but men are not to
be so deceived; the ignorant and unthinking may be
confounded by the specious reasoning of these poli-
tical economists, but in this enlightened age their
delusive doctrines cannot long prevail. We are
inclined to think that the true principles of
Political Economy, and at the same time the
best interests of Humanity, had never a more powerful
or more accurate expounder than ALEXANDER POPE.
He has truly and beautifully shown how the good of
one and the good of all are incorporate and indi-
eisable. lie has told us how "jarring interests" may
produce " the according music of a well-mixed
state."

" Where small and great, where weak and mighty made
To serre, not suffer; strengthen not invado ;
More powerful each as needful to the rest,
And, in proportion as it blesses, blessed."
When the great principle of mutual depenGence and
mutual co-operation is generally recognised, as it
must be at no distant day, we shall hear no more of
the contending interests of masters and men—we
shall hear no longer that Political Economy is adverse
to Humanity.
We must refer our readers to the able and eloquent
speech of Lord Jon MANNERS for a refutation
of the fallacious arguments against non-intefereace.
" Do we not interfere," he asks, " to regulate the
speed of vessels in the river ? Did we wait for a
mutual arrangement of master and men when we
interfered to emancipate the negroes ?" It se:.ms
almost ridiculous, however, to talk about non-
interference now. Why, if the Ten Hours' Bill
be Hooted, because the notice must not interfere,
• Act.; of Purliatneii•:}utli rise
twelve hours must be repealed on the same principle.
As Lord J. RussELL said emphatically, at the close

of yesterday's debate, "This is not a question of
principle, but of degree." The difference between
twelve, eleven, and ten hours, can only be a question
of degree. As far as interference is concerned, there
is no principle at stake ; but as far as the fate
of the measure is concerned, there is a prin-
ciple, and a very great principle at issue, namely—
Will the Legislature forget its noblest attribute,
the power of protecting helplessness ? Will the
representatives of the people refuse to hear the prayers
of the humble, and only listen to those who are able
to protect themselves ? That such will not be the
result will be satisfactorily demonstrated on Wednes-
day next.

In the Parliamentary notices of motions for to-
morrow evening we find the following members
proposed by Mr. RICARDO to be nominated for
forming a Select Committee on the navigati m
laws :—Mr. RICARDO, Mr. Alderman THOMPSON,
Mr. lIUMII, Sir ROIIERT PEEL, Mr. MILNER GIB-
SON, Mr. BUTT, Sir GEORGE CLERK, Mr. BROWN-
RIGG, Mr. BRIGHT, Mr. M'CA.RTHY, Viscount
SANDO3I, Mr. BROWN, Mr. LYALL, Mr. MITCHELL,
and Mr. THOMAS BARING. The selection appears to
be made with the view of combining the services of
men upon an inquiry of the greatest importance, pos-
sessed of great ability and high integrity. We have
no doubt they will enter upon the task, intended
to be assigned to them, with an earnest zeal solely
directed to promote their country's good, and a
consequent spirit of impartiality that will not fail
to impart the greatest weight to their future views
and recommendations. Whilst we recognize by the
names above enumerated an intention to constitute the
Committee in the fairest manner, seeing that the op-
posite opinions which are entertained on this subject
will be respectively and advantageously impersonated,
we cannot but feel rejoiced, holding the impressions
we have advocated with reference to the navigation
laws, that Sir It. PEEL will be invited to give his va-
luable aid to the Committee. Our gratification at 1
finding his name among the proposed list is derived
from the knowledge we have of his vast
experience and judgment in all matters affecting
our commercial prosperity, and from the certainty
that, if any good grounds can be substantiated fur
preserving the navigation laws, either in their en-
tirety or in part, he will scrupulously support them ;
and from the conviction, on the other hand, that if
those who support the shipping interests, whether
from motives purely erroneous, or purely selfish,
should fail to make out their case before his search-
ing mind, Sir R. PEEL will ably, conscientiously, and
manfully resist any
report which should be calculated
to sanction the maintenance of laws no longer suit-
able to the objects for which they were originally
enacted. However tardy Sir R. PEEL was in re-
tracing his former errors, yet did the country feel
grateful, that when he became fully persuaded of the
evils attendant upon a restrictive policy in relation
to our extended commercial intercourse, he determi-
nedly splintered into atoms the wand of monopoly,
at the evident risk of being abruptly hurled from the
powerful position which he held as First Minister of
the Crown. In vain, therefore, as it seems to us, will
the hydra of protection attempt to rear its fallen crest
whilst Sir R. PEEL and Lord J. RUSSELL, with his
Liberal party, shall be found uniting their splendid
talents in resisting every effort to ravive the crushed
spirit of monopoly. One stronghold after another
has been successfully besieged by the genius and
indomitable energy of the British merchant, which
has converted the most accomplished statesmen of
the age to the enlarged and benevolent spirit, that
animates its civilising and lofty enter-
prises ; and, in every instance, brief or pro-
tracted as may have been the several contests,
have the enemies to freedom in trade and commerce
been compelled to surrender. The friends of un-
fettered commerce have now fairly laid siege to the
stronghold of the navigation laws ; and the day
cannot be distant when their infatuated advocates
will be forced to succumb, or to capitulate upon
terms advantageous to our mercantile progression
The history of the laws in question powerfully evi-
dences the weak foundations on which they were
erected, inasmuch, as at different periods, and
long previous to the great triumph achieved
in 1846, in favour of the principles of free
trade, their pernicious consequences imperiously indi-
cated the necessity of their being occasionally altered
for the purpose of alleviating the burdens of indirect
and unjust taxation, and of strengthening our mer-
chants in the race of competition that grew cut of
the growing enterprise of commercial rivals. It is
satisfactory to
.know, that this question has been al-
ready to a great extent investigated by two former
committees, who were unable to complete their
labours, and that therefore the inquiry will necessarily
not be of so protracted a character as it otherwise
would have been. Hence, we hope, that the path for
Legislation will be speedily cleared by the prelimi-
nary information to be laid before, and digested by,
the Committee about to be appointed. Iter pigro-
ruin quasi sepes sptuarunt_

A letter from Berne, dated 4th February, contains the
i
geo: —uttnicnigl ofat
Lucerne. It is from that place that
War of the ultramontane faction is per-
manently
directsf following:—
in
all
has caused to be visited by experienced officers all the t
vul-
nerable points of the canton of Lucerne, and has ordered
Thethe movements of the league. It is thus that it
them to be fortified. Never, at any period of their histor3 •
have the primitive cantons made military preparations on;
more extensive scale, and as all these armaments are out of
proportion with the feeble financial resources they possess,
it is certain that they receive foreign subsidies. It is even
said that they intend taking the initiative in the struggle
against the great cantons. In any case the members of the
league appear shortly to expect decrees of the Diet with re-
spect to the existence of their association, and on the subject
of the question relative to the Jesuits;
oppose by and they continue
to announce boldly that they w 1
force the em-
ployment of all means of coercion. The Grand Council of
Berne has terminated its labours without the attacks of the
conservative party having, in
any respect, succeeded in
weakening the Government. The income-tax decreed in
principle in one of the last. sittings, has not produced the
effect that the adversaries of the new order of things ex-
pected. The populations have. understood that, in relieving
them from the feudal rents which still weihed on them in
several parts of the canton, the wants of the treasury required
a compensation. That compensation however, not be
e tax-payers, for the income-tax will never
very onerous to th
exceed one penny per thousand of the capital."

Madrid papers of the 3d have been received.
Senor MARTINEZ DE LA ROSA. has been appointed
Chairman, and Senor BENATIDES Secretary of the Com-
mittee of the Chamber of Deputies, appointed to draw
up the answer to the address.
These papers state that Don Mioun. had been pro-
claimed King in several towns of the north of Portugal.
The Portuguese Ambassador, the Conde DE TItOIeAR
(COSTA CABRAL) had a long conference with the Duke
of SOTOXAYOR on the Bd, fur tbo purpose, it is said, of
demanding an armed intervention.
MADRID BOLSA, FEB. 3.—The Three per Cents.,
321 cash, 324 paper; Four per Cents., 204 cash; Five per
Cents., 20 13-16 cash, 20i paper; Plosive, 64; Exchange
on London, 37.

-------
We have received the raris papers of Tuesday.
The speech of the Finance Minister in the Chamber
on the preceding day on the state of the French finances
is thus commented on in the Constitutionnel
"M. Lacave Laplagne endeavoured to our o
the accusa-
tions which the deplorable management of our finances drew
upon him from all parts of the Chamber, from M. de Castel-
lane, a Conservative, as much as from M. Ferdinand de Las-
teyrie, or M. Ledru Rollin. He endeavoured to show, by
clumsily grouping together figures, that the situation is not
worse now than it was when he succeeded to M. Humann.
But some few words from M. Quinettee and M. Gauthier de
Rumilly sufficed to destroy this position of his, by proving
that the total of the augmentations of receipts, of the defi-
ciencies, and of the extraordinary works, representing all
the expenses voted since 1841, exclusive of the amount of
the ordinary expenses, such as it was at that period, was
Upwards of two milliards ! It will of course be well
understood that in such a situation the Government has
an excellent excuse for adjourning the reforms so long
solicited and expected. Why speak •f the conversion
of the Five per Cents., of postal reform, of t.e dimi-
nution of the salt dui, &c. ? Can such things be
thought of ? If so, the Ministry immediately objects
that the deficiency, which in its own work, prevents
it, and thus it gets rid of measures which it has never
thought seriously of realising. Wili it be believed, how-
ever, that the Minister of Finance this day dared to say
that the Conservative party was alone capable of effect-
ing these reforms ? This embarrassment that the Minis-
try has introduced in our finances also affects the general
commercial credit of the country. Fearlessly affirmiag that
the economies of France are inexhaustible, that the purse of
the public is sufficient for everything, it has occasioned a
financial crisis which at present seriously injures industry and
commerce en masse. To this crisis is added that of food,
which it renders graver by concealing the great insufficiency
of the harvest, and thus preventing speculation from fur-
nishing a remedy; so that the greater part of the responsi-
bilityc of the present distress must be certainly attributed to it
Such is the situation which the Ministry has produced for
tS '
us; presence of a policy which has isolated France in
Europe,m
we find ourselves with a budget in a state of normal
deficiency, with finances in disorder, with a loan more or
less near in prospect, with enormous works which profoundly
enzage the fritore, and with credit deeply shsken:

The speech of M. DE CA.STFLLANE, a Conservative of
the Alo:6 party, produced a ~,;reat Sensation in the Cham-
ber. Net only did he declare that the finances were in

a far worse position under the present Ministry than
they had been under that of M. HUMANN, and that the
financial state of the country was becoming every year
more unsatisfactory, but he boldly declared that it was
the duty of the new Chamber to strike at once at the
root of the evil, and concluded by moving, as an amend-
ment, to add to the paragraph under discussion that "it
is the duty of the Government to re-establish an equili-
brium between the expenditure and the receipt. The
debate upon this amendment was adjourned to the next
sitting.

The Presse, the organ of the party of Count MOLE,
thus speaks of the amendment of M. DE CASTELLANE:—

" The remarks of M. de Castellane are worthy of atten-
tion. Speaking, as he did, in the name of the young, en-
lightened, and Progressist fraction of the Conservative party,
M. de Castellane is not one of those who have taken their
seats on the benches of the majority, in order to slumber
more at their ease. Ills idea is that the promises made to
the electors of Lisieux should be carried out ; he calls for
all the reforms that time has matured, and the necessity
for which cannot be contested. Postal reform—a modi-
fication in the duty on salt—a reform in the octroi duties—
in the indirect taxes—in our immense military system, which
embraces at present 100,000 men more than in 1833, and which
absorbs upwards of 1,000,000 f. per day—these are the points
which the Hon. Member expressed his desire to be first
attended to. We completely participate, as our readers
are aware, in the wishes thus expressed ; and to those who
allege the difficalties of our present position as an argument
against such changes, we must declare that of all the excuses
that they could bring forward this is the one that can least
be accepted. It is, in fact, precisely when times are hard,
when food is dear, when taxes weigh the most heavily on
the existence of the poorer classes, that there is an opportu-
nity—nay, an urgency, to adopt reforms of a nature to dimi-
nish their burdens. Did Sir Robert Peel wait until the situ-
ation was prosperous to commence his reforms? \o; it was
in the midst of the very crisis that he acted. If remedies
are necessary, it is when one is ill, and not afterwards. In
favourable circumstances, when living is cheap, the weight of
taxes is easier to besr, and we can conceive up to a certain
point that such circumstances are taken advantage of in
erder to postpone all change. But to seek in the difficulties
themselves from which the people suffer a pretext for not
reducing at all the charges that aggravate those difficulties,
appears to us to be conduct as unreasonable as it is unsup-
portable by argument."

It is not improbable that on this financial question
the Ministry may go out of office, and a MOLE Ministry
be appointed. It was rumoured in Paris on Tuesday
that, in consequence of the gross and unprovoked per-
sonal attack made by M. GUIZOT on the Marquis
of NOEMANIIY, the latter had suspended all offi-
cial intercourse with M. GUIZOT, and was about to
retire from Paris, leaving Lord WILLIAM lIERVEY as
Charge d'Affaires. All parties in the French capital are
loud in their condemnation of M. GUIZOT'S conduct
throughout the whole affair, and it is said that it has
been settled in the highest quarter that Count MOLE is
to be his successor, as M. GUIZOT has incurred the
royal displeasure by having made an attack on the
English Government in the Chambers, without orders,
and without acquainting the liusa of his intention so to
do. It is, therefore, not improbable that this amend-
ment, proposed by a partisan of Count MOLE, is intended
to give the coup de grace to M. GUIZOT for this breach
of discipline. The discussion was resumed on Wednes-
day, but the Chamber had not come to any decision at
the hour the post left.
It would appear from the following letter from Tunis
of the 14th ult., which is published in these journals,
that the PouTE, roused by the imprudence of the
French Foreign Minister to the assertion of its rights, is
about to take active measures to reduce its rebellious
vassal, the BEY of Tunis, to obedience.
"Three days ago, a vessel coming from Malta brought a
chiaoux of the Grand Signor, but the Bey has hitherto re-
fused to allow him to land, end to receive the letters of which
he is the bearer. Last week several English steamers arrived,
bringing dispatches for the Bey, and each time he demanded
several days to reply. Thi-y came to announce the arrival
of the Turkish Envoy. The refusal to receive him may cause
some embarrassment to the Bey, from which all the friend-
ship of the French Ministers may find it difficult to relieve
him. The Bey was generous in France, but that was an ex-
ception to his general manner of acting. Ills voyage in
France is con-iuered here a very serious fault; and is looked
on as the prelude of great disasters for his people."
Couas AUTHENTIQUE.—PARIS, FEM. 9.—Five per Cents.,
118 E 1171. 95c. 85c. 90c. 85c. ; Four per Cents., 104 f. ;
Three per Cents., 771. 55c., 80c. 75c., 70c., Bank Actions,
3,262 E, 50c.; Rent Ile Naples (Rothschild's) 101 f. .50c.;
Romans, /01f. 1003/4f.; Belgian Five per Cents., (1840),
1014 f.; Ditto (1842), 102%; Belgian Four-and-a-Half per
Cents., 96. ; Belgian Two-and. a. Half per Cents., 54 ; Spa-
nish Three per Cents., 34% 3/4 ; Dutch Two-and• allalf per
Cents., 57%; Exchange on London—one month money, 25f.
20c. ; three months, money, 25f. 2%c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, FEIIIILTART 10.

Boulogne and Amiens, 14}4—Dutch Rhenish, 4%—Namar and
Liege, 2%—Northern of France, 12;y—Orleans and Bordeaux, 7N.

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were 2,000
bales. The market was dull, and American sorts at 6,4 d. to
to eid. per lb. were at a decline of '%d. per lb. Other de-
scriptions were at about previous rates. the chief sales of
American were at 61[Ad. to 7%c1. per lb. Railway shares
were rather fiat.

According to a statement compiled by the Dutch
Consul at. Odessa, it appears that the shipments
from that port in the month of December, comprising
grain, wool, &c., were to the amount of 27,000,000
roubles banco, sent over in 1,382 ships. There were
150 vessels in port early in January, but it would require
1,000 ships to bring away the produce already available, so
large were the supplies from the interior in consequence of
the fine weather.

Letters from Berlin intimate that a large number of
the merchants of Cracow bad written to their correspondents
to state that they were unable to meet their engagements,
and offering a dividend of 5 per cent., though whether as an
instalment or a settlement in full is not stated. If this state-
ment should prove correct heavy losses will fall upon
Berlin, Breslau, and Hamburgh. The liabilities of the
firm which failed at Breslau recently, are now stated at
800,000 dollars.

There is rather a better market for the English Securities,
and in some cases we notice a slight improvement in the
quotations. Consols have been 9014 to 3/I for resent transfer,
and 90% for time. Bank Stock is worth 203►,2. The
New Three•and-a-Quarter per Cents. have been 9217 i N.
Exchequer-bills have realised 6s. to "s. premium.
The Foreign Securities have been very dull. Portuguese
Four per Cents. have been quoted 36, and Spanish Three per
Cents. 34%. Mexican Bonds have realised 21% to 22; and
Brazilian 85. Dutch Four per Cents. have been at 921 to
92%. The decree revoking the decima tax on Portuguese
foreign debt is advertised to-day.
The Share Market has been dull again, but generally,
prices are much the same.

BRITISH FUNDS. ONE CLOSING
O'CLOCK. PRI, 'ES.
Bank Stock ..
Three per Cent. Reduced Annuities .. .. 90% 91 90% 91
Three per Cent. Consols Annuities .. .. 90N % % 00%
New Three-and-a-Quarter per Cent. Anna. 92%!2 92%
Long Annuities, Expire Jan. 5, 1860 .. 9 9-16 9 9-16
Ditto, 30 years, Jan. 5, 1860 .. .. 9 546 9 5-16
India Bonds, 1,0001. .. .. .• • • .. 10 10
Consols for Account .. .. .• • • .. 90% N 90%
Exchequer Bills. I%d. 1 %d.
1,0001... .. •• • • 69 pm. 9
5001. . .. .. " pm. 9
Ditto, Small .• .. —— pm. 9
ONE CLOSINt.
FOREIGN FUNDS. O'CLOCK, PRICES.
Brazilian Bonds, 5 per Cent .. .. 85 85
Ditto, Small • • • •
Mexican Bonds, 1846, b per Cent .. '22 21% 21%
Portuguese Four per Cent .. .. 36 36
Spanish Bonds, 5 per Cent .. .. _
Ditto, Passive Bonds _ _
5%
Ditto, Indemnity .. .. _ „
67
Ditto, Three per Cent .. • • .. 34% 34%
DiN Mends on the above payable in London.
Dutch Two-and-a-halt per Cent ..
Ditto, 4 Der Cent. Certificates .. 92% % 92%
BUSIN
PRICES OF PAID, DONE ::SS
AT CLOSII.IO
RAILWAY SHARES. ONE O'CLOCK. PRICES-
.ng.,.. .. .. .. 25 .... 22% • ...... ... 22%
Amber.,Aber d e .N.
Notting., Boston, and
.

Eastern Junction . . • • • 2%. •• • 2% •
Birmingham and Oxford Junction 5 •• • • 13% % ;•• • • 13 s,
ilirming., Wolver., and Dudley.. a •. • • 9i Wu •• • • 10%
Birkenhead, Lancash., & Cheshire
Junction .. 4 ••••• • • • • • 41,4
Buckinghamshire .. _ 845. •• • 34 p
Caledonian .• •• •• 30 ▪
261,4 ...• 26%
Direct Northern Scrip .. •. 2 • • . 2%
Eastern Counties •
.. 20 .... 211,% %% • • 21%
Ditto. New .. 20 .. 20% 21% 20%
Ditto, York Extension .. .. 4 .... 45% • • 4%
East Lancashire .. .. • •
.. 14 •• • • 16 ...... •• • • 16
Ditto New .. •▪ 5..• • 6% • • 6%
Ditto, ditto New Scrip . • • 2
East Lincolnshire ...... 6% •••• • .• 6 %
Edinburgh and Glasgow .. .. 50
.. 78
Ely and Huntingdon •• .. 12%.. • • 7B
• • • • " • • • • 13%
Great Northern. (London & York
Rea) • • • • . • .. 254 . . ......
Great North of England . ..100 .
Ditto, New .. .. ••..5 • • • • 52% 59%
Ditto New .. .• • • .. 20 .... ••• • • .
Great Western .• • B5 • • ~124% • • .... •
.. 12% .... 19 . •
Ditto, New 8%••.• 8%
Leeds and Bradford .. • • 35
.... 80%...•
80%
Leeds and Think 22% —. .
Llverp., Manch., & Newc. Junct. 2% 2
London and Blackwell • • 161. 13s. 4d. 814 8 • • 8
Ditto, New, No. 2 0% 1 p.. 1% p
Ditto, Extension 5 5
London, Brighton, and S Coast.. 50 .. •55 .••• • • • • 55
Ditto, Consol. Eighths
.. 10 . •12 ••••• • " • • 12
London an North-Western . ..100 ....190 189 191.... 188%
Ditto, Quarters .. 2 ▪
21 21
Ditto ditto, New Shares .. 2 14 ..........14
Ditto, Fifths
.• _ 2 .. • • ••• • • • • 18
Ditto, 481. Shares M. &B. .. 40 721,4 72 •••• • • • .79 -
Ditto, 101. Shares M. &B. (A) .5 .• 11%
Oxford, Witney, and Cheltenham 1% 13% .. . • • 1
Ditto, Tenths • •• •• •• ••
5
Ditto, Tenths 4 •••• •• • • •• • •
London and York Extension Scrip 214 •• •• 21,4 2% • • 21%
Lynn and Ely _ 20 • •
Manchester and Leeds .. 82 •• • • • •
Ditto, Fifths 5 1034 .•••• • • • • • 1014
. . •
Manchester, Buxton, & Matlock 425. •• • • %P" • " % P 124
Midland .. —lOO ... 122% • •• 514
Ditto, New • . .. ,• • • • 2 •• • • 5% ▪
31%
Newcastle and Berwick • . •• 20 ••• • 32 'A
North British .. • • 25
.. 34% % ..... • • 3414
•
Ditto, Extension .. • • • • %
.• •• 3 % 14% ... ..
... . 3
Ditto, Thirds • • 1 . 8%
North Staffordshire .• • • ' • 5 •• • • 2% ••••• • • • • •
North Western • • • • • • • ••"v_ •• •
•
Reading, Guildford, and Reigate 5 • ••
„, ,
.......•• • - • • • •
Scottish Midland .. .. •e• • 18.' • " 7w 4%
Shrewsbury and Birmingham • •
. 1la• • • •
1
Ditto, Class 11 .. • • • • •
Shrewsbury and Hereford • •
425. •• • • %d.sd ••• • • • % 1118
Shropshire Union .. •• "
-334 "
23 .• •• ' ..... "
• • South Eastern and Dovor • •
Ditto. New (iss. at 321.) No•
42 • 414
Do., New (do. 151.) • • NQ• : 10 •••••• • • ••
S uth Wales • • '• •
South Yorkshire, Doncaster, and _
17,
•
1%
. .•
Trent Valley and Midland
421. •• • • %P••• • • • • • % P
Windsor, Staines, & S. Westerns
25
Goole
• • • • • d• June. 425. .. • • % 11 •••• • • .. p
York and Newcastle • • • • 5 •
11 6..••• • • • • 11 54
Ditto, New • • • • • • • • _4.. •• %•••• • • • • 8 !
• • 9
Ditto, Preference • • .
York itrid North MidlLuid • ov
80 ... no
50 9v,
Ditto, Selby • • • • '
371/4 • • • •
37
I..xtensikt • • • 2
• • 11% %•••- • . • • 11%
/h.. 10 .... 21 74, !.. , .. • • 2174
.lan'rediewret:citehung..Ez.tc.
DD Ditto

s •
• ir.‘*`ll.4 s`.-
't • •
• lb
-4=5v4,04,4.
AtiErgt * "
—•