The Sun.
London, England, 1841-01-01 00:00:00

MONEY MARKET and CITY NEW S

(THURSDAY EVENING.)
TIMES.—The great feature in the stock-markets to-
day was the settlement of the account in the foreign Binds
;dish was marked by a considerable pressure for money,
particularly among the dealers in Spanish, in which seen-
rity the transactions during the account just closed have
been extensive, and the fluctuations net unimportant, the
lowest price of Active in the fortnight having been 22i,
and the highest 24, at which it closed this afternoon. In
Portuguese bonds the extreme variations have reached 2
per cent., but the price to-day is nearly the same as at the
commencement of the account. The South American se-
curities have generally been depressed and fiat, but seem
now to be recovering, more especially within the last two
days. On the whole, the settlement went off easily.
The Share-market has, notwithstanding the prevalent
scarcity of money and the anticipation of its continuance,
not only maintained its ground, but in almost all instances
railway shares have improved in value, and in some of thez.e
the advance has been considerable since the settlement in
the middle of the current month. Speculation has of late
been mach directed to this department.
Heavy complaints are made by nautical men of the
inefficiency of the transport service, which, though they
are by no means novel, are well worth adverting to oc-
casionally, as au aid iu keeping the Government depart-
ment which regulates that service to its duty, The de-
fects complained of arise, according to a Correspondent,
from trusting to crimps and people of that class for the
supply of seamen for the transport vessels, to whom, as
soon as the ship is taken up, an order is sent to furrii.h
hands to work it. Instead of looking out for really able
seamen, these persons engage any
one who comes in their
way, however incompetent,
provided they will engage
to lay ont a certain portion of the advance usually made to
them in bedding, clothes, &c. The good seamen, in dis-
gust at this system, will not acquiesce in it or generally
engage at all, but if they do, every difficulty is thrown in
their way. The c(4sequence is, when the ships put to
sea, that more or less danger always exists on account of
to bad crews, and hence arises the frequent putting back
ito port by these vessels, which every reader of the ship
ping news must have observed of late. As regards the
owners of such vessels, the policy is decidely wrong, as the
bid seamen, through these delays, are rendered much more
expensive than good ones ; and when the probable sacri-
fice of Kaman life it may csuse is taken into account, the
consequences may be dreadful. In regard to supervision
before commencing the voyage, too much vigilance cannot
be exorcised ; nor indeed can any regulations be too strict
which are meant to insure efficiency in so important a
service.

A complaint of the state of the Indian army, in addition
to those of the insufficiency of European officers and of
the mediciri service, mentioned the other day, is the man-
ner in which it is at present disposed of. It is remarked
in the Indian journals that the army wAs originally main-
tained for the protection of such native States as felt in:o
the hands of the East India Company, and that it was
augmented as those possessions increased, until after the
Mall:eta wa-, when the most rigid economy !was
adopted, and a variety of reductions were made. Now,
during the past year a native Sovcreign has been
place:, on the throne of Cabul by the Indian army,
a line of outposts has been established along: the
western hank of the laduz, to effect which an Euro-
pean regiment of her 'Majesty's service, four I.:lave
regiments, and other details of the Bombay army have
been selected for the duty, n-hilc the I,t European I:. •gi-
ment and two Native corps occupy the island of K4rrack
and the pcninnla of Men. This :eit:ovd of troops fro::i the
Bombaypresidency has not Ivan followed by any increase
to :the establisLment, further than the raising of oae Eu-
rcp:an regirn,ot, thrw;;li the tro,p3 have, (3,4 the
ogg.-evite, amounted to 10 000 ~.:;en o all.ran,ks, wl.ile at
the 1;:st dees from I flia four ratio:, regiments

Cr or-

de: !! to rplieve thoae st;:tioncd ca the I", stem I.)..ink of the
Indu+. I: is said that a few wear.,: Ngo it would bareiy have
hcen bc:iercd t11:14 native troops would have Let-1:
dist,tiec front Ilia:log.1n, and the focling on the
spot i 3 that ttiv' regirner.ti si.sedily ha Lrro3:l to
conduc7ing th! duties of thcs3 who a-c with2rawn
fraaiied: a.

1.31“i51a S °ells were <lel to-fl:y,l4tit they
surly rtNi yrsterill‘'s v;s:ae. Dons o!s ler
were t 251 to -7,- ; E.:chegaer 81.114 2'. to 5;. ;
B :rJk fi_ock I the it.!(l.u:.:=l u;:;,7s G 3,3;
and the N: w hrzc-and-a. 11,0 f pc:r 97i1 :0 I,
ex.-dic. for 042 op,dug.
. The attention of the spc:i.ula!ors in the Fortio
Market has to-flay hz,.en chit.fly occupic.l riith the
settlemef:t of the half-mo'nthly necount. bus:riess
doze has been hl;i:ca, Th;.! tl;fre.rentN•s nrii7.ng frozr
the r Y.! rerne rati:,nl s the 15th iar,t
:bout •'; per sock

;n

1'0r:ti,',.;;;;,% ;3 ps•:r cont

C

.. J:i L 1 I

cent. its i\L.

' 3 t

c:;Quet 't;::1) uD

from day t 3 (I.ly,

;_!

LoA.Cvt.r,

11,d Irc•tra,,nt upprrtun;tioi of elian.;ing
ty this nielns Ltt-e bahmccs, :o as
ta prevent inconveni,n-.(:c. The settltrirnt, tlicrc fore,
v. as unatter.,:ed by ,ny en,Larrassrtnent, end the rate
At intore.., for continuiLg stuck ruled htv, at ut,out
3 per cent.

'Spanish Bmd: v. ere in eetive dernind ; they sup-
plrted their previous alvaneed value, ranging from
21:1 to 25 for money, and from 2-4 to 251 for the
AeeFiu lo Portuguse, Stuck there was scarcely any
business. The Nlw Fl/2C ri'A. Cents. were dull
at 82-k, and the 'Furze Fr Cent!. at 214,
C.dombian Bonds remained at 24 ; but 11.1z7t-can toudied
21. The new Ventzuelan Banda will b ready towards
the close of nest mouth, after which the dividend of 1
per cent. for the half year will be paid. Belgian Bonds
were steady at 971 ; French Four-and-a-1141f per Caws.
were matketl 191 f. 59J. ; and Dutch Two-and-a-lleif
per Cents. realized 51; to 4.
Some of the operators in Railway shares having ra-
ther overdone themselves, have had to pay 15 to 20 per
cent. interest for the privilege of not at present makjng
good their losses. This, while it has limited busieess,
has itiven a lift to prices, which were to.day most cur-
rently these :—Great Western 27 to 26 ; the New 12 ;
the Fifth 6 to 7 ; the London and Birmingham 81 ;
tile New 251 ; the Quarter 22 ; the York and North
Midland 18 ; the South Western 17i to 17i1 ; and the
Eavern Counties Dohentures 2; premium ; Brighton
Shares were at a rife to 61 and .5?; discount ; New
Greenwich at 31, and Blackwell at .I to 44 dis. Lon-
don Joint-stock. Bank Shares were at premium.

SPIRIT of the PUBLIC JOURNALS,

(FROM THE MORNING rarcas OF THIS DAY.)
(From the 21fornin,g Chronic/e.)
'We this day lay before our readers important addi-
tional information respecting the case of Mr. in
the Ecclesiastical Court of Exeter, and the resolutions
agreed on at a meeting on Monday last in Monmouth,
with regard to the case of Sarah Young. Mr. .Inlsllett
has supplied us with the opinion given by Dr. Addanis
in the case of Mr. Hill, from which it will he seen that
the omnipotence y Purlittment, to use the well-known
expression, is impotence in regard to the Ecclesiastical
Courts. Parliament may pass an Act, prohibiting
Courts from entertaining suits for tithes for sums seder
4p1., but if they choose to entertain suits for a smaller
m than 101., a party can only have the benefit of the
prohibition by appearing at the citation, and then the
iniquitous Court refuses to allow him costs, which are
always high. In bringing before the liou,e of Com-
mons, in 1839-, his motion respecting Ecclesiastical
Courts, Mr. Hawes observed that it was often extremely
difficult to ascertain over what description of causes
any particular (Ecclesiastical) Court operated, and much
inconvenience resulted from this uncertainty. In the
majority of the Peculiar Courts, and perhaps in all,
there neither were nor could be efficient and exoeri-
oneed judges, °ricers, advocates, or practitioners, the
emoluments being too small, and the number of causes
too few, to secure those requisites for the due adminis-
tration of justice. The consequence was, that on con-
fidence was reposed in these tribunals ; and delay arose
and expense was incurred in applying for letters of re-
quest, end in resorting to other means of escaping the
prisdiction." As, a proof of ignoranct Dr. Lushiog-
ton stated that theoractitioners of one of these Eccle-
siastical Courts did not know that an appeal lay from
its jurisdiction. But all this ignorance is displayed
at the expense of the unfortunate persons subject to
the jurisdiction. The Court may, through its igno-
rance, put 3 party to great trouble and expense ; but
the Court itself is vested with impunity.
The Court itself may be composed of a knot of
Clergymen having the same interests as the suitor,
sad attics may be entertained, in the very teeth of an
Aft of Parliament prohibiting them ; but though it
may be obvious that the suits arc entertained for the
purpose of obtaining, incomes to the members of the
Colin and the practitioners, through enormous costs,
yQt corruptraelives cannot be brought home to any one.
If the members of these tribunals avoid doing what no
man not a downright idiot would think of doing, they
may perpetrate all sorts of iniquity with impunity. We
remember, in the ease of an action brought against an
inferior tribunal, hearing Lord Teuterden observe, that
errors of Judges ought to be viewed with indulgence—
that it was more important that they should act with
confidence on the opinion they entertained, than
that justice should be paralyzed from hesitation and
anxiety respecting the consequences of their deci-
sions. In the case of Judges,- like those of our .0
perior Courts, under the cof an intelligent lise
and public, a charitable construction of conduct can
be productive of little injury ; but in aceh dens of
quity as the Ecclesiastical Courts of the country eon-
fesseally arc, the doctrine of Lord Tenterden (cf which
they would be allowed to avail themselves), must give
impunity to the most revolting injustice. Mr. Hawee's
resolution, that the inferior Ecclesiastical Courts should
be abolished witbdut delay, was carried, but they still
exist, to the greet oppressian of the community. They
may know that they are Me- in the Lee of an Act
of Parliament ; but they know that the oppressed
party can only secure himself by an outlay which see-
deers suo4inission to his wrong the more prudent Course.
They feel that they arc vested with impunity. Par-
liament cannot protect the people from Courts de-
termined to set it at etee„oe, trusting to the
difficulty of distinguishing hetv:een venial
mina' fallibility. The only remedy worth :Ars'
thing is to abolish such Courts root
.ausl branch. I[. resolutions agreed on at the Monmouth * g is
stated "that the Ecclesiastical Court of dneeett,;-vt
liar been in the hals:t of Lisuing
citations
re a
amounts of tithe, has displayed a want
of speetor fu.

i - _._.