The Sun.
London, England, 1841-01-27 00:00:00

~~ i~ ~ ~~e

LONDON:
WEDNESDAY, JANUARY 27, 1841.

The Parliament was opened yesterday by her
MAJESTY in person, brilliantly attended, by one
of the most meagre Speeches on record. An
allusion to the affairs of the Levant, to the gal-
lantry of our fleet, and to our expedition to
China, a statement that we are to mediate between
Spain and Portugal, a that there will be
new taxes, and a law to impro've the administra-
tion of justice, constitutes the sum of its contents.
The omissions—as noticed by Mr. HUME and Sir
ROBERT PEEL, who said it seemed to be uttered
as TALLEYRAND said speech was given to man,
to conceal his thoughts—its omission of the Ame-
rican Boundary question, of the war in the north-
west of India, of the state of Ireland, of the dif-
ficulties under which -commerce labours, of the
distress of the working classes, of the great
public discontent, &c., warrants the charac-
ter we have given of it. But taking all
circumstances into consideration, particularly
-the certainty of defeat in the Peers, if
the Ministers put into it anything offensive to
their Lordships, and the probability of de-
feat in the Commons, should serious opposi-
tion. '-be excited, it was extremely prudent to
ditto,: up such a speech. The character,
t, how-
evei imparted itself to the opening of the Ses-
sio;4 Which attracted, except for the show in the
early part of .the day, extremely little attention,
and was meagre and dull. We must add, that
r the Speech 'is more neatly written than Royal
Speeches were wont to be , and without having
her MAJESTY'S reliance on Parliament—for we
have none—we cordially join in the humblesup-
plication to Divine Providence, that, it may be
so guided and governed as to promote the inte-
rests of morality and religion, and the
welfare and happiness of all her MAJESTY'S
subjects.

In the Lords, the late Mr. MYLES STAPL '
took his seat as Lord BEAUMONT.
1 •
Lord DUCIE, as was previously ann;l
moved the Address, and made a sveeek, hieh
Ow Duke of W,I.T.INCTI7.+ I.ol`
neatness.

Lord LURGAN took a more dis4sive view in
seconding the motion for an Address, and alluded

to many topics not in the Speech. He expressed
himself strongly in favour of peace, and properly
exulted at the efficiency of our navy and the
success of our arms.

Lord BROUGHAM took rather a gloomy view of
our foreign relations, and said he should rejoice
much if he could believe that France cherished
unabated her desire to preserve peace with Eng-
land. He grieved over the work of slaughter
which had been begun in one part of the world,
and expressed an opinion that it could only be jus-
tified as a matter of strict necessity. He did not
desire to isolate England from other Powers, but
he was against never-ending interference. He
remarked on the inconsistency with which ME-
HEMET ALI had been sometimes described as a
powerful independent sovereign, at others a mere
servant of the SULTAN ; he alluded to the incon-
sistency also with which MEHEMET ALI had been
treated, at one time offering him Syria, and at
another expelling him from it. That the
,Otto-
man empire was going to pieces was no argument
for interfering by war; and he believed Rus-
sia would be the only Power which would
benefit by the attack made on the PACHA. The
people of this country, who love peace, had never
believed in the possibility of war on account of
such an object as the restoration of Syria to the
Porte, or the nation would have risen as one
man, and forbidden a war with France. The No-
ble Lord concluded by pronouncing a spirited
eulogium on France, and expressing a fervent
hope that the peace between the two countries
and the tranquillity of Europe would remain un-
disturbed.

Viscount MELBOURNE admitted that Ministers
had pursued a bold decisive policy, but they had
not done so till they exhausted all other expedi-
ents. They had, in fact, been obliged to do so
much because they had so long delayed com-
mencing. The only blame they were justly ob-
noxious to was on account of not having enter-
fered earlier, but this arose from that very defer-
ence to their ally which they had been ac-
cused of not showing. To defer exclusively
to France because her people were irritable
would enable them to rule the whole world, as
deferring to an ill-tempered man made him the
master of a family. He deplored that the object
in view had not been obtained without blood-
shed, but he hoped before long that all the
Powers of Europe would again concur in one
common policy.
The Duke of WELLINGTON expressed, on the
whole, approbation of the policy pursued by the
Ministers; and he saw nothing whatever in their
conduct discourteous to France. But the Noble •
Duke's speech was remarkable for a strong and
emphatic declaration that he hr.d done,
while in office, as much as any mail in
Europe to preserve the integrity and pro-
mote the honour of France, and that
he was sure peace could not be preserved miless
France were taken freely into its councils and
congresses. So important did Lord BROUGHAM
consider the declaration, that he congratulated
himself on having been the means of calling it
forth. Their Lordships agreed to the Address
without further comment or amendment.
In the Commons Mr. CAREW took his seat for
Wexford. The return of Colonel BRUEN was
ordered to be amended, there having been a cle-
rical error, in the date which prevented the
Colonel from taking his seat yesterday.
New writs for Monmouth, Canterbury, Wal-
sall, and Surrey were ordered.
Notices were given of Bills to continue the
Poor-law Commission, Feb. 29 ; to improve the
regulation of Elections in England, Lord JOHN
RUSSELL, Feb. 23 ;, and to amend the Registra-
tion in Ireland, Feb. 4 ; for the same object,
Lord STANLEY, Feb. 2 ; for the better Adminis-
tration of Justice (Ireland), Lord MORPETH,
Feb 2 ; for Draining Lands (Ireland), Feb. 2 ;
' to equalize the duties on East and West India
Rum, and' for the better regulation of Railways,
Mr. LABOUCHERE, 4th February; to abolish the
Punishment of Death, Mr. KELLY ; to amend
the Law of Copyright, Mr. Sergeant TALFOURD ;
CU Littit, QTY a.y Luc: ✓ Ull3(Lluclinz vz-
Courts in Tithes of a certainamou*, Captain PE-.
CHELL ; about Parish and County Constables,
two Bills, Sir E. KNATCHRULL and Mr. HODGES;
and to extend the Jurisdiction of the County
Courts ; and also a Bill to extend the Jurisdic';,ion
of the Court of Chancery to matters of Bank-
ruptcy, Mr. F. MAULE, Feb. 9.
The address in reply to the Speech was moved
by Lord BRABAZON in a neat speech, and seconded
by Mr. GRANTLEY BERKELEY in a more florid
oration, having a much wider reach.
Mr. GROTE followed, and made a serious attack
on the policy of her Majesty's Government in
relation to Syria, which he condemned with con-
siderable energy. He praised the Government
of the PACHA in comparison with other Eastern
Governments, and spoke against the Convention of
July, considered assa, guarantee of the SULTAN
against the growth of any of his PACHAS ;
and denied that it had secured Turkey
from the encroachments of Russia, or settled the
Eastern question. The former would be pre-
vented, if at all, by the terrors of the British
arms, which would operate equally before and
since we had taken Syria fi-om the PACHA. The
Hon. Member proposed no amendment, though
he declared our best interests had been put to
hazard. He referred also briefly to our internal
policy, which was, he thought, erroneous, under
the shadows of finality. Mr. JAMES thought the
policy of her MAJESTY'S Ministers, in relation to
the Levant, perfect, and requiring no defence.

Lord JOHN RUSSELL was of a different opinion,
and defended the policy of Ministers at consider-
able length, and with much effect. He justified
interference with other States to preserve the
balance of power, both by the reason of the
thing and by the example of the most peaceful
of OUT Ministers, Sir ROBERT WA LPOLE,
who interfered continually with other States.
If England had not protected Turkey,
Russia would ; she had already received pro-
tection , from that Power, which had obtained
thereby advantages, endangering the peace of
Europe. He showed, from letters from the
French Ministers, that the Government of
France had long concurred with our Govern-
ment in desiring to settle the Eastern
Question in conjunction with the Allies,
though it had afterwards hung back and com-
pelled the Allies to act t,lone. The Noble Lord
pronounced a spirited eulogium on Lord HOL-
LAND, who had been spoken of as he ought not
to have been in the Chamber of Deputies, and
concluded by describing the present Ministers as
warm friends to Reform, but resolved to uphold
the Constitution, particularly the Church, but
ready to remedy all abuses. •
Mr. MONCKTON MILNES spoke a few words in
favour of preserving our alliance with France.
Mr. HUME made a long speech against the
conduct of Ministers in relation to France, and for
omitting many topics in the Speech. The Hon.
Member concluded by moving another Address,
as an amendment, which embodied his own ideas.
Sir ROBERT PEEL referred to the probable dis-
pute with France and the chance of a war with
Europe as the one overwhelming topic. The
Right Hon. Baronet spoke strongly and feelingly
in favour of preferring peace, and in high terms
of the French nation. He insisted on the neces-
sity, considering the peculiar feelings of France
with reference to the Powers who h id been unit el
against her in 1815, of our Statesmen even
going out of their way, if they were obliged to
separate their policy from that of France, to sa-
tisfy her that no insult was intended. We re-
joice much to hear these sentiments pronounced
by Sir ROBERT PEEL; they will give, we
iaope, pleasure in France, and soothe the ir-
tation which arises from mistakes. Under
ihePtrong impression, the Right Hon. Baronet,
'whaeidould not pronounce an opinion on our Sy-
-1-11 d.?07114(911-.,

though he adniiiieki it iiilght be right, el-
pressed his great concern that there was reason
to believe, from one part of the debates in the

Chamber of Deputies, that our Government had
not treated M. GUIZOT, and had not treated the
Government he represented, with all the courtesy
they merited. Like the Duke of WELLINGTON, the
Right Hon. Baronet referred to the Congress at
Verona, at which the other Powers resolved to
invade Spain, contrary to the opinion of England,
and England did not feel herself affronted. If
France had now been properly treated, she
would not have felt herself humbled or insulted.
The Right Hon. Baronet concluded an able
speech by bestowing a well-merited compliment
on Marshal SOULT.

Lord PA LMERSTON, in a short speech, full of
matter, expressed his deep regret at the turn
affairs had taken with France, and at the inter-
ruption, for a short time only, of our friendly
relations. He looked to the French taking a
calmer view of the matter, and being con-
vinced that we were not actuated by any
unfriendly feeling towards France. lie rejoiced
at the speech of the Right lion. Baronet, who
had expressed such honourable feelings with re-
gard to France, and whose language was a proof'
that the leading men on both sides concur
in an earnest desire to promote a good
understanding between the two countries.
The Noble Lord demonstrated very clearly
that no slight had been intended to France,
and none had been shown. The Allies could
not call on her to be a party to the co-
ercive measures which she had rejected; and
as the only object of the French Government
was to gain time, by which the season for opera-
tions would have been lost, there was no alter-
tive but to act without her. The Noble Lord's
manly explanation elicited satisfaction from all
sides of the Ilouse. In conclusion, the Address
was agreed to without any division.
We cannot conclude, without expressing our
earnest hope, that , the enlightened sentiments
expressed by men of all parties—the just honour
that was rendered to France—the desire ex-
pressed for her approbation and her prosperity,
will do much towards satisfying our neighbours
that there is no nation on earth England is more
desirous, if possible, of cultivating friendly re-
lations with than France.

The Paris Journals of Saturday, due yesterday,
together with the whole of the Papers of Sunday,
have been received. They are filled with reports of
the debate in the Chamber of Deputies on the For-
tifications Bill. A seminary of these Reports will
be found in another part of The Sun. As we have
in a separate article given an opinion of the whole
question, we shall reserve the remarks suggested by
the singular speech of Marshal SOULT till to-:nor-
row. Rumours of the existense of a political in-
trigue for modifying the Cabinet, at the bottom of
which was the Marshal, prevailed in Paris on Sup_
day. We attach no credit to them.
The Gazelle of Buenos Ayres states that on the
7th of November, alter some conference between Ad-
miral Mackau and General Roses, the Government
had ordered 622 persons to he set at liberty, who were
confined for civil and political offences in the city and
the country.
A letter from Toulon, of the 20th ofiJanuary, says—

" We are assured that the squadron, under the com-
mand of Vice-Admiral Hugon, is to sail to-morrow for
the Hicras islands. The bad weather and the want of
some supplies which remain to be taken on board are
the only causes that have delayed the departure of the
ships.
" Of ten steam-boats, which are at this moment in
the port of Toulon, none are undergoing repairs. We
ask, what has been the project of having at Toulon a
great number of packet-boats for the service of the port.
It is high time, to thing of regulating the mails, and
consequently to ensure the number of steam-boats.—
Le Commerce.
BO URSE,—.PARIS, SATURDAY, JAN. 23.

First Highest Lowest Last
Price Price. Prier. Price
French 5 per Cents ll2 50 ... lE' (i4l- ... 112 50 ... 112 60
4 per Cents 99 ... 99 :- ... 99 .. 99
3 per Cents 77 20 77 25 ... 77 21 ... 77 '2O
Bank of trance
i.attitte Bank 1,1)001. Sh lO5O ...VS) . ...1050 ...1950
5000 f. Sliares 5117 50 ...5117 50 ...5117 59 ...Mil 50
tielgian Bank
5 per Cent, 98% ... 985, ... SiB% ... 9AN
3 per Cents 66 65 ... 66 65 ... 66 63 ... CS 65
New Lean 98% ... 95% ... 95% ... 90%
Spanish Active 25% ... -25% ... -25•* ... 25%
Passive 6% ... 6% ... 6% ... 6%
New Deferred
A'aiWitlii ' ''''' re"" ------ ',CPO. ::: fat, ::: ig43. ::: nhs.
Roman

a AILW AY Sli A ILES,
St Germain
Vemilles.R. B ce ... 4 0 ... 430 ... 440
L.B. ..... " 325 ... 327 50 .... 325 ... 327 50
Orleans ..
Str•isturg to Bale `.2t 75 ... a5O ... 248 75 ... 250
kouen
NI tilhausen to Mann

The news received to-day from Portugal is
highly satisfactory. The Government proposal
for settling the Douro question has been adopted by
the Chamber of Deputies, and no doubt is enter-
tained of its receiving the sanction of the Peers
A detailed account will be found in' another column.

Madrid Papers of the 17th inst. have reached
us. They are destitute of any political news of
exciting interest. The late rise in the Funds is ac-
counted for by the Regency entettaining a project for
capitalizing the unpaid interest of the Foreign debt,
as well as the interest to become due for two years,
paying an interest of 2.42- per cent. on the capital
so created. In 1843, the Government would be able
to resume the regular payment of the interest.
This is holding out but a poor prospect to the pub-
lic creditors, especially as interest for four years is
already due on most of this debt.

EAST SURREY.-It will be probably recollected
that Mr. Antrobus, the Tory candidate, is the
gentleman of whom it was sometime ago said,
that he complained of the farmers because they
would not nourish foxes and would kill them.
If the people like such men for their representa-
tives they must take the consequences, and be in
turn hunted to death by the Corn-law men as if
they were vermin. We hope, however, that in
East Surrey there must be a sufficiently strong
Anti-Corn-law interest to defeat the Tory, and
return a man pledged, from solemn conviction,
like Mr. Alcock, to the repeal of the bread-tax.
The Post-office letter bags to Hampstead and
Hounslow are now respectively carried by Ha-
milton's coaches and the London Parcels De-
livery Company. The carriages of the latter are
styled the " Royal Mail and Parcels Express,"
and we believe effect the transit of Post-office
letters and parcels for the public to and from
Hounslow and the Metropotis, and the whole
line 'of road, three times a-day.

MONEY and COMMERCIAL NEWS.

CITY, TUESDAY EVENING.

There was a good deal of curiosity in the City to-dal
to ascertain the tenor of the Queen's Speech, which,
however, caused some disappointment to those who ex-
pected allusions to France and Ireland. From the
passage referring to the exigencies of the kingdom, a
new loan is thought to be hinted at.
Consols for present transfer were marked upon the
opening of the Market at 898 to 90 for Money, and
901 to s for Account; but there was not much business
done at these quotations ; and after the delivery of
her Majesty's Speech some of the jobbers took occa-
sion to depress the Market a little upon the pretext of
its unfavourable tenor. The business transacted was
on the whole insignificant. The closing quotations were
rather lower ; viz., 89i for Money, and 891 + for Ac-
count ; Exchequer Bilis were at Bs. to Bs. prem. ; and
India Bonds at ss. dis.; Bank Stock realised 1684 to
1698 ; and the New Three-and-a-Half per Cents.
brought 98 to
There was a failure in the bristle and feather trade
to-day, and intelligence was also received of the stop.
page of a manufacturing establishment in Scotland
said to be in connection with Messrs. Garry and Curtis.
The Foreign Stocks were rather more dealt in :
Spanish Active Bonds were at a decline from 25 to
248 to 244. and toe Deferred were at 12* to 124.
The Portuguese New Five per Cents. brought 32* to
+, and the Three per Cents. 908. Colombian Bonds
of 1824 were depressed to 038 to 1. and Mexican of
1837 to 281. Peruvian were not higher than In.
Brazilian ranged from 738 to 74, and Buenos Ayres
were at 22 to 211 Belgian Bonds were at 981, and
Dutch Two-and-a-Half per Cents. at 501.
The Share Market was dul!, but the few sales ef-
fected were at the previous rates ; and as regards the
shares of the Birmingham line of railway, at an advance
of 21. to 71. per share, the
quotations for the origi-
nal shares being 87 to 92, and for the quarter
25* to 26 premium. The Great Western new shares
were at 13, and the South-Western at 19* to 18i
premium ; Brighton shares were 68 to 6+ ; Birming-
-limn and Gioucnster 20. and Eastern Counties 14;
!Tyre
whim ; London and Westminster Bank 4/ Premium ;
and Union of Australia, New, 6} premium.
The Foreigq Exchapges continue rather heavy,

This afternoon the rates were as follow :—Paris 2.51.
62ie. to 57:)e. ; Amsterdam 12 24 ; Antwerp 12 2,1;
Hamburgh i 3 7 to G ; Frankfort 14S ; and Trieste
102 to 3.

'The following is the official return of the Exports of
Bullion from the Port of Londoa for the week ending
Thursday last :
Silver Coin to Swan River B,OOO oz.
Calais .....
Gibraltar 4,000 oz.

( From The Sun of Last Night. )
LIVERPOOL COTTON MARKET, MONDAY.—The sales to-
day are 4,000 bags, with a steady market, including 300
Egyptians, 91d, to 111 d. ; and 300 Surat, 4 d. to
per lb.
LIVERPOOL SHARE MARKET, JAN. 25.—Eastern Coun-
ties Debentures, 5 ; Grand Junction Quarter Shares, 52 ;
Great Wcatern Fifths, lOH 10.
MANCHESTER STOCK EXCHANGE, JAN. 25.—We have
had a dull market to-day. The prices arc:—Manchester and
Leeds, 76 ; Manchester and Birmingham Extension,
21. 167. 3d. ; London and South Western, 57 to 56; Man-
chester and Birmingham, 25 to 251; London and Bir-
mingham, 172 to 173 ; Ditto, Quarter Shares, 271 to 28;
Manchester and Leeds, Halve; 271 to 28.

Arrivals this morning---. The Royal Tar, sailed from Lis-
bon the 18th Imo4ry, Cadiz the 15th, Gibraltar the 14th,
Oporto the 19th, Vigo the 20th; and two French mails.

Our only arrival of consequenue this morning is from
Lisbon. It is generally know❑ that their dispute with
Spain is left to arbitration. She is still arming with
double vigour, for the purpose of obtaining favourable
terms.

Consols opened the same as they lef: off, at 901 for the
Account; Money, 89-1,, 90; Exchequer Bills, 5 7 prem. ;
Bonk Stock, 1681 1691; India Stuck, 250 251.
In the Foreign Market Spanish Active, wlitch left off
at 251 I, may b. quoted at present rather lower, 241 251;
Deferred 121 134- ; Passive 6a- ; Portuguese as they
left off, 321; Three per Cents. 201 ; Brazilian 73 74 ;
Colombian 23/ /; Mexican 281 Chilian 57 60 ;
Dutch Two-and-a-Half per Cents. 508 ; Five per
Cents. 991.
SHARES. —Great Western 27 28 prem. ; New Ditto
13 14 prem. ; Landon and -Brighton 61 a dis. ; Black-
wall 41 31 dis. ; Birmingham 85 87 prem. ; Southampton
57 58 per share ; Croydon 121- per share ; Greenwich
84 4 per share; Manchester and Birmingham 15 14 dis. ;
South Eastern and Dover IS 14 dis.

PRICES OF SHARES 'CMS DAY AT ONE.
ILAILWATS. Paid. Per Share.

Great liTestera

Ditto New ...
London and Brighton
London and Birmingham
London and 'South Western

There clot:snot appear to have been any spirit for specu-
lating during the course of the morning in the British
Market.

Consols at present are a;shade lower than in the early part
of the mcrning, and may be quoted 904, for the Account ;
Money tilq, Exchequer Bills lower, 73 5 prem., India
Bonds 5 dis., Bank Stock 166 i 1691.
In the Foreign Market, Spanish Actives 24 lower ;
Portuguese, 321 Brrzilian, 73; 234 ;
Mexican, 281; Dutch Two and-a-Half per Cents., no-
thing done.

Tile Share Market is also inactive. Great Western,
New, 63; i,ondon and Brighton, 43. i ; London and
Birmingham, 177 182 ; South-Western, 58.

CLOSING PRICES.
BRITISH FUNDS.
Bank Stnek
3 per Cent. Red 9Ol Ditto Bonds ...... 5 dis
3 per Cent Cons B9ii Ditto Old Annuities ...
31 per Cent Red 9Bl Ditto New Annuities...
New 31 per Cent .. 98 Ex. Bills, 1,000/....20 6pm
New 5 per Cent
Long Annuities to expire Ditto Small 6pm
Jan. 1860. l3 Bank Stock for Acet

Oct 1859 ... l3' India Stock for Aect ... -
Jan. 1660 ... — Consols for Opg . ... 89+
FOREIGN FUNDS.
A ustrian, 5 per cent... Portuguese, 5 per cent.
Belgian, 5 per cent 9Bl Ditto, New Ditto.....
Brazilian Bonds .. .. -
BuenosAyres, 6 per cent Russian, 5 per cent. . .
Chilian, 6 per cent
Colombian, 6 per cent... Spanish, 5 per cent 2s+
Ditto, 1824 23 Ditto, Deferred ... 124
Danish, 3 per cent..... -- French,s per cent... —f. —e.
Greek,lB2s, spercent. Exchange —f —c.
Mexican, 5 per cent.... , 284 French,3 per cent —f. —e.
Di to, 6 per cent, 1825 Dutch, 21 per cent bog
Peruvian,lB2s,6 per et. 153 Ditto, 5 per cent.....
SHARES.
Birmingham and Gloucester Railway (100 p) 80
Eastern Counties Railway (23 paid)....... 8+
Great Western Railway (65 paid) —
Ditto New Shares (50 paid)
London and Brighton (50 paid) 433
London and Birmingham Railway (90 pd) 182
Ditto Quarter Shares ( 5 paid) . 31
London and South Western ... 571
COURSE OF EXCHANGE—( YESTERDAY.)
Amsterdam C F. 12 4:Gibraltar
Ditto, at sight , 12 3 Leghorn.
Rotterdam 2 U. 12 6 Genoa .. 25 85
Antwerp , l2 51'Milan
Hamburgh... M.B. 13 10 Venice

Altona — 13 101- Naples ... 394
Paris, 3 days' sight..... 25 45 1"a ermo, per oz 1.20}
Ditto, 3 months 25 70 !Lisbon ... ki2i
Marseilles .... 25 75 'Oporto .... 524
Bourdeaux... . .... 25 75 !Rio Janeiro 2B
Frankfort on Maine.... 149,1, Bahia... 27
Petersburgh, 3 U 5..... 37i Buenos Ayres —
Berlin... ... 7 0 ,New York, 21 days' sight 46-4-
Vienna, effect ft. 2 111. 10 3 'Philadelphia
Trieste, ditto
.illauriu
Cadiz ... 3ti 'Foreign Gold, bars.. 317 9
Bilboa 35. i New Doubloons 0 0 0
Barcelona - !New Dollars 0 410
Seville 35, !Silver in Bars 0 5 0