The Sun.
London, England, 1846-01-24 00:00:00

THE SUN LONDON, SATURDAY EVENING, JANUARY 24, 1846.

the Right Hon. Gentleman had made on Ws question,
for he, of course, must judge for himselc; but those of
the agricultural interest had also a rieelat of judging for
themselves.—(Hear, hear.) And he re anid say that they
were not inclined to abandon those 'teeinciples which they
possessed long ago.—(Hear, hews.) Had the Right
Hon. Baronet gone to the c
his course would have beein'aientry on this question,
perfectly intelligible.—
(Hear.) Was it to be toleeee!,ed that because the Right
Hen. Baronet had ser ce?..l under four Sovereigns—
(Laughter)—because 'll°., was, in his opinion, a most ex-
perienced statesman.
and debater, he should be allowed to
guide the 'nelm of 'public affairs " unshackled and uncon-
trolled '?"—(Hte-ar.) They might be thought bigotted
—they might be thought fanatic. Hon. Gentlemen had
t
a T,erfect Tight, if they pleased, to think so. He though
too bed, however, that the Right Hon. Baronet should
ebtain the support of the country on one set of princi-
ples and then reject all those principles which charac-
terised them as a body appealing to the country. The
last month had been particularly fertile in epistles, and,
among the rest, was one from the lion. Member for
Montrose, which was characterised by the usual good
gen9e and straightforwardness of that Gentleman.—
(Hear.) That Hon. Gentleman, who never disguised his
opinions, said that if it was a personal question they would
get a great deal more from Peel than Russell.—(Hear,
hear.) Now it yeas just possible that the Conservative
party might think that they would be fully more safe in
the hands of the Noble Lord than under the former Gen-
tleman. He was pretty sure that if the Noble Lard to k
any course against them, he would be straightforward in
his proceedings, and would not solicit the support of the
country on one set of principles, and as soon as be ob-
tained, it turn his back upon them.—(Cheers.) He
would not appeal to the constituencies of England for re-
ligious principles and agricultural protection, and then
take all those principles one by one, and then, neck and
heels, throw them overboard. He could not but
think that the memory of immortal ser-
vices would keep him true to the performances
of sacred principles. Now, supposing they were to
have the Noble Lord the Member for London at the
head of the Government, did they think that the mea-
sures of that Noble Lord would vary much from the
budget that would be opened on Monday night.—(Hear,
hear.) He would not say more on that subject; let
them wait till then; but he would venture a strong
surmise, that on that occasion the Right Hon. Baronet
would only play one card, although there would be a
world of mystitication.—(Hear, hear.) Although there
were many -persons ticklish on this question, he was
happy to see the way in which the English reemen
stuck to their text.—(Hear, hear.) Much had been
said about the farmers sticking to their text, and he was
happy to say that they had done so. Now, what he
ea;.d was, let the Right Hon. Baronet play his own
game, and take the consequenees.—(Hear, hear.)
The farmer on the one side, and the manufacturer on the
other, looked with anxiety as to how the question to be
discussed next week would affect theta. He would say,
before he had heard the Right Hon. Baronet's speech, or
the speech of the Noble Lord, that he had been convinced
that the corn-laws must give way.—(Opposition cheers.)
Why, it was the only card the Right Hon. Baronet had
left. lie had been shuffling and playing spades for the
last four years, and now he had but one card left to play,
and that was the Knave of Clubs.—(Cheers and laughter.)
As far as the corn-laws were concealed, he could not see
that the country was in greater danger in the hands of
the Noble Lard than in those of the Right Hon. Gentle-
man.—(Opposition cheers.) But then he heard it said
that the Right Hon. Baronet was a safe man, while the
Noble Lord was a rash politician. If he were asked
his opinion with regard to the Right Honourable
Baronet, judging from his speech of last night,
ho should certainly say that with i egard to his financial
policy and to the manner in which he had conducted
foreign affairs, the Right Hon. Baronet was evidently
deserving of public confidence. In these he had shown
prudence and wisdom, and had succeeded ; but there
were other points of policy which touched the heart of
the people, on which the Right Hon. Baronet was by no
means so safe. They were told that the Right Hon.
Baronet was the only pilot who could weather the storm.
He would ask them to look back to the past, and by it
to judge of the future. The services of the Right Hon.
Baronet under four sovereigns, to which he alluded last
night, were matters of history, and he would challenge
the Members on the Treasury Bench to tell
him one single complex interest of the country,
including its moral and social condition, of
which the Right Hon. Baronet had not been at one time
the eminent champion, and had not then abandoned it.—
(" Hear, hear," from Colonel Sibthorpe.) He had been
the eminent champion of the Protestant interest.—
("Hear, hear," from Colonel Sibthorpe, followed by loud
laughter from the Opposition, occasioned by the very
energetic cheer from the Gallant Officer.) What had
become of that interest in the hands of the Right Hon.
Baronet.—(Cheers.) In 1835, the Right Hon. Baronet
was the champion of the Church of Scotland. He should
like to know to what condition that Church had now
been reduced, and how by the delays and the deferrings
of measures that Church had been strangled by
the hands of the Right Honourable Baronet.
The Right Hon. Baronet had been considered the for
ward and uncompromising champion of agriculture. He
was not going then to ask why the Right Hon. Gentle-
man upheld that interest, but this he would say, that the
Right Hon. Baronet had never, since his return to power
in 1842, given that question the slightest chance.—
(Hear, hear.) They had been told by the Honourable
Member for Stockport that the Right Hon. Baronet was
skilful in evasion, and they knew that he had passed a
Bill the year before which he had changed the year
after.—(Hear, hear.) But the Hon. Member for Stock-
port said that the Right Hon. Baronet had never met
the question; that he had never discussed the question
of protection on the ground of political economy, on
which alone he could explain it.—(Cheering from the
Opposition and the Ministerial benches.) The Right
Hon. Baronet cheered. His opinion then was that the
question could not be explained on the ground of
political economy. He (Mr. Colquhoun) then would
beg to ask that Right Hon. Gentleman, as a man of
mature experience and of great ability, if he meant to
say, that when he stood on this ground in the years 1839
and 1840 that all his declarations that the inferior kinds
would be thrown out of cultivation, that the farmers
would be ruined and the labourers turned adrift, were
unfounded? when he terrified the minds of country
gentlemen by bis assertions that this question
(settle it as they might) would tend to disastrous results.
did he mean to say, that in his heart he felt all these
elaborate arguments wereutterly unsound ?—( Hear,bear.)
Was that the defence which the Right Hon. Baronet in-
tended to make for his conduct? If he told him (Mr.
Colquhoun) that he was really convinced, then he must
say that, able Minister as he might be, and a gentleman
of the highest ability, as he undoubtedly was, he would
find few to echo the same conviction. If be abandoned
this because it was a rotten question, then it was sup-
ported by the most rotten arguments.—(" Oh, oh," from
the Opposition.) He repeated that the arguments he
had heard last night were altogether of this character.
he result had in his (Mr. Colquhoun) opinion been
most unsatisfactory, but be that as it might, whatever
causes had prompted him to this conclusion, the fact was
evident that the agricultural interests in his hands were
wrecked-.—(Hear, hear.) Every complex interest in the
country, that he had interference with, had been stranded.
He could not help suggesting that in an age in which
public opinion is so strong, and sitting as they did in a
reformed Parliament, lie did wonder at the course of
theißight Hon. Gentleman, knowing that he could not
maintain any course without bringing forward the real
principles on which it was founded. When he (Mr.
Colquhoun) heard the Right Hon. Gentleman in 1843,
and listened to his speech on the corn-laws, he felt that
as far as the Right, Hon. Gentleman was concerned, the
corn laws were doomed ; for, if he could not bring for-
ward arguments in support of them, he was satisfied that
they could not staud. He could see, by looking to the
past history, that he could place no confidence in the
tact and skill of the Right Hon. Gentleman to maintain
the institutions of this country; and he for one was pre-
pared for the contest for those institutions which was,
as they knew, pending, and which was open then. He
was prepared to fight the battle with his Honourable
Friend by his side, and with an able and gallant oppo-
nent, rather than submit to be led by one, who might be
of the greatest skill, talent, and experience, but was not
consistent to his own principles. He could not consent to
be led by the Right Hon. Baronet, as the course of
his policy would be certainly dangerous to all our insti-
tutions.—(Hear, hear.)
Mr. HU ME said that he was sure that any one who
heard the speech of the Hon. Member and his reflections
on the Right Hon. Baronet, would ask what all that had
to do with the question then before the House. He for
one approved or the conduct of the Right Hon. Gentle-
man alluded to. He had heard the speech of the Hon.
Gentleman, a part of which was delivered last night,
where be asked the House to reflect on the situation in
which he stood, and said that with regard to the face of
the country as it then was, it was his duty as a public
man to alter his opinion when he was in error. The
argument of his friend opposite, however, was that let
him be conscious that he was in error and that his act
would destroy the country, yet he should persevere in it.
He would much rather have the simple declaration of the
Right lion. Baronet, who owned that he had been under
a mistake for years, and that he was convinced that the
principles on which protection was based were untenable.
Why, was it possible that men of common sense could
follow such men as they had heard that night? Mr.
Canning changed his opinions respecting the Reform
Act, and he (Mr. Hume) recollected when that Right
[lon. Gentleman stated that he would take his stand on
Old Sarum (one of the rotten boroughs) against any
reform. Why, he would tell them that the qualifica-
tions of that House of Commons, abuse it as they
times,anyof
tnhde other
a thus
might, was, that it always followed the spirit of the
it
tatiwonass of thatthe
wEngland,orid
had
benefited
obeefifotedre
by the advanced spirit
of the age. And if the case
were otherwise —if they were never to profit
by the lessons of
would it be to call themselvese eri of what use
Now, he would tell the Right Atone.lierative assembly?
Gentleman, that no
man had been more anxious than he had been to pro-
mote free trade, and put the Church in a proper
and he challenged the Hon. Gentleman to
produce one
o
single motion of his (Mr. Hume's) which was otherwisene
than to reform the abuses which existed in the Church.
He had proposed upwards of twenty years ago the abo-
lition of the Church of Ireland. If they were to have a
Church there, let it be the Church of the majority.
From that time, down to the present, they had been
trying expedients with regard to Ireland ; and he had
stated, upwards of twenty years ago,
that they never
could have peace in that country until the Church was
put down. That was their remedy now. It was that
dominant Church that had ruined Ireland, and until it
was put down there would be no peace. The Hon.
Gentleman might say what he liked, but it was his (Mr.
Hume's) beliefpeople
, that nine-tenths of the were in
favour of the Right Hon. Baronet. And he believed that
the course the Right Hon. Baronet was about to pursue
would beproductive of thegreatest benefit to the country.

It was absurd to say that, because the Right Hon.
cßaronet satd
t oo
cnu
itmh eu other side
al
lo
tfu the
uHp
ionui sueu,s haeu
dm uasdt bpet
every measure (and no others) of which they might
approve, He (Mr. Hume) was of opinion that if he
had done so, he would have brought most incalculable
injury upon the country. It appeared to bim that one
of the most happy occurrences that could possibly take
place (and he hoped that it might take place) would be
the carrying out of the intentions of the Right Hon.
Baronet with respect to the admission of foreign corn.—
(Hear, hear.) He could not conceive that any man of
any sense, or any one who paid any attention to the duty
which he owed to his country, could say that because
a man was a party man he was bound to can-
tinue so. The question of the propriety of
the Right Honourable Baronet should be left
to the decision of the country. He (Mr. Hume) was not
afraid as to its judgment on that head. He felt perfectly
satisfied that although the Right Hon. Baronet might in
the House meet with the scorn and ridicule of a few of the
Hon. Members, yet his conduct would meet with the en-
tire concurrence of the country. He (Mr. Hume) was
anxious for a few moments to advert to one of the para-
graphs in the Speech from the Throne. He might truly
say that with the Speech gene: ally he was satisfied ; his
only objection was against one paragraph, and the
grounds of his objection were the ruinous effect which
would be produced to this country by the present system
of abolishing slavery.—(Hear.) Ile felt satisfied that if
the Right Honourable Baronet would seek for informa-
tion from any of the officers a hieh were employ, d
on the coast of Africa, he would find that nineteen
out of twenty would at once state that the present
system of abolishing slavery there entailed immense t x-
pense of English money, and an extraordinary loss of
English life without any really beneficial effects.—
(Hear, bear.) He did, therefore, think that a con-
siderable change should be made with regard to the sup-
pression of slavery in Africa. He was happy to say
that France heartily co-operated with the country in its
attempt to abolish the system of slavery. It would be
their duty to see that necessary measures were taken to
insure the enforcement of the arrangement come to be-
tween the two countries; and that the fleets were pro-
perly mounted and placed along the coast of Africa.
Every exertion ought to be employed and provision
made, so that the object sought by the two countries
might be realised. There was another point in the Ad-
dress—the latter part of it—which he highly approved ;
the principle of which had been shadowed forth for
some time past, and a great step towards a complete
reformation in their commercial system. From this
time they might date a new era in the commercial his-
tory of the country; and, judging from the experience
of the last few years, he bad no doubt that the next
three or four years, or any other number of years that
might be named, would show in no ordinary degree the
benefits of the change. So fur he supported the mea-
sures of the Government, and he hoped that other coun-
tries would follow their example.—(Hear, hear.) There
was another point to which he would refer—that relat-
ing to the importance of maintaining a good understand-
ing between France and England. The value of such a
union could not he over estimated, and thus united
they were able to maintain the peace of the world.
He would beg leave to refer to another paragr ph
before sitting down—that relating to the state of
affairs between the United States and this coun-
try. Under such circumstancea, it was necess try
that the Government showed a firm position. When
he saw the people of a country setting at nought
all the rules of civilization in enforcing their alledged
claims, he would be contradicting the whole tenour of
his life if he did not support such measures as would
enable the Government to maintain the honour and cha-
racter of the nation. It was necessary, therefore, that
measures should be passed to effect this purpose, and
therefore he hoped the propositions of her Majesty's
Ministry for strengthening their hands at the present
crisis would receive the unanimous vote of the House.—
(Hear, hear.) He had been accused on former occasions
of endeavouring to cripple the finances of the country,
and he admitted that he had, and would still use every
exertion to put an end to extravagance and waste ; stall
under existing circumstances he held it to be his duty to
give the Government his cordial support in these proposi-
tions for strenthening the defences of the country.—
(Loud cheers.) He had thought it necessary that he
should make this explanation on the present occasion.
Sir ROBERT PEEL said he never entertained any
apprehension that the language which had been
used by her Majesty's Government, with reference to
the settlement of those unfortunate disputes which
still prevailed between this country and the United
States, could be mistaken. He never thought that
the language used by the Minister of America could
be mistaken for that used by him. The Government
had no hesitation in avowing their sincere interest in
maintaining amicable relations between the United
States and this country, and, in fact, with the whole
civilised world, and of their desire to make any effort,
consistent with the national honour, for the purpose of
settling these disputes—(Hear, hear.) They had
every desire, by temperate language, and by moral in-
stead of coercive measures, to peacefully and morally
terminate all misunderstandings. He (Sir R. Pt el)
never believed that either the language or the intentions
of the Government would be misapprehended. The
speech which the Hon. Gentleman—the uniform and
consistent advocate of the strictest economy—had just
made, had convinced him that his (Sir R. Peel's) anti-
cipations would be realised.--(Hear, hear.) He hoped,
however, that the measures which the Government
would feel it their duty to make would have the effect
of promoting a better understanding between the United
States and this country. It would be the greatest mis-
fortune if a contest should ensue between such coun-
tries. 'With respect to the speech of the Hon. Gen:le-
man, he wished to tell him and others that he (Sir R.
Peel) did not intend to be betrayed into any loss of tem-
per on that occasion.—(Cheers.) Let him also tell him
that the question had become far too important to be
disposed of by mere personal recrimination.—(Hear.)
He (Sir R. Peel) had thought, after the deliberation
which the Hon. Gentleman might have been enabled to
give to the speech which he (Sir R. Peel) delivered 1 tst
night, that he would have offered some reply to the
arguments which he had used—(Hear)—that after the
lapse of twenty-four hours he would not have contented
himself with passing by those arguments without a
single reference to them, instead of a disquisition as to
what had been -the policy of the Government with re-
spect to the Church of Scotland. The Church of Scot-
land could have no bearing on the question with respect
to the United States, whic must be discussed at a very
early period. The Hon. Gentleman charged him with
having deserted his principles, and with having used
arguments to maintain his present opinions which were
totally unsound and inappropriate. If the Hon. Gentle-
man knew so well what arguments to employ, why had
he not supplied him out of the plenitude of his resources
with proper and sound reasons. He (Sir R. Peel) said
last night that if the Hon. Gentleman the Member for
Wolverhampton were again to bring forward his
question of the repeal of the corn-laws he for
one could not conscientiously oppose it on the grounds
of protection. Under ordinary circumstances, he did
did not wish to press any particular course, but the Go-
vernment felt that the country was threatened eith a
great calamity, and that delay was no longer possible.
A great responsibility was attached to those who were
in the administration of affairs, and it was a question
of policy whether it were prudent to commit the agri-
cultural interests to an interminable contest on the sub-
ject of all protection being abolished. The moment
that he had despaired of bringing the question, of pro-
tection to a satisfactory issue, on the same instant ho
bad tendered his resignation. What more, under the
circumstances could he have done ? He had no desire
to retain office on the ground of the necessity of this
question being settled. When he gave up any hopes
of being able to meet it with effect by a voluntary re-
solution, he advised her Majesty to call to her counsels
those who might possess the ability and power to bring
it to a satisfactory termination. He was willing
to have done all in his power to have ad-
justed an equitable settlement of the question.
The Hon. Gentleman said that he had deserted his prin-
ciples ; and, by a rather unhappy image, stated that his
fingers were itching to destroy protection. Other Hon.
Gentlemen bad charged him with having departed from
the course which, under the circumstances, they would,
and he ought to have pursued. He had expected to have
heard an answer from the lion. Gentleman to the argu-
ments which he had brought forward cn the previous
night. This question ought not to be treated in the
strain of levity which the Hon. Gentleman had indulged
n.—(Hear.) He could assure the Hon. Gentleman that
two months would not elapse ere lie would regret the
levity he had shown. When the cold weather had set
in he would see the -poor man shivering, starved and
naked, in the midst of the cold and privations of winter.
On a former occasion, the Hon. Gentleman, by a distinct
declaration, had seen occasion to compliment him (Sir
R. Peel) in a very high degree. Firstly, her Majesty's
Government deserved great credit for the course they
had pursued with respect to the foreign policy of the
country; and secondly, they were entitled to every re-
spect for their conduct in regard to the finances ; and
that his (Sir Robert Peel's) management of the
financial department, was marked with great pru-
dence, great wisdom, and great skill. He would remind
the Honourable Gentleman that the whole merit
of that financial policy consisted in the reduction
of duties to allow of an import of commodities which had
formerly been forbidden by the strict maintenance of
protection. It could not be the income-tax, which bad
caused the Hon. Gentleman to consider his Government
marked with great skill, great wisdom, and great pru•
dente, for that tax bad brought in only a few millions of
revenue. No the Hon. Gentleman, remembering his
former commercial liberality, not forgetful of his earlier
years, intended to compliment him (Sir R. Peel) because
he had supplied t e. deficiency in the revenue by the
abolition of restrictions which fettered trade.—(Hear.)
In speaking of the aristocracy of the land, the Hon. Gen-
tleman had accused him of having made use of an offen-
sive expression in conjunction with their name. He (Sir
R. Peel) wished that he had power to weigh every ex-
pression to which he might give utterance in the hurry
of debate. It was true he had made use of the words
principles,
e4oxpaielnotseuoddlean ri s too
it,. racy," but he could assure the Hon. Gen-
tleman, on his honour, he intended that epithet
as applicable to them on account of their
And, r n
anhir o
ru education,not the
haughty
taned
slightesthigh
bearing. andFrre
of
reference
uouhbell.
ees
isnatetisrPefiedetniuttlit:amollefuh the
ot
oblij
ts
brefoßre
eadyu stated, that in pur •
:le should
eat
IlLeeitlin)g down than
objections
Gentleman's speech, he felt
m
ra
ionss.had been intended 0."
ao
thetinu makearnesype
tentac;tefkimwerhntahtteohr
futthude observationsi
suing
the public mind, on just and eecisut
able h now agitates
people with whose welfare his own stns terms with ttat
altogether bound
up, he should not allow any personal considerations or
private motives to make him swerve from the principles
which he had laid down.

OREGON QUESTION.
Lord JOHN RUSSELL said he wished to ask a
question touching the foreign relation, of the country

with respect to the settlement of the Oregon tertitory
with the United States. From the messnge of the Pre-
sident of the United States, it appeared that they had
come to a definite resolution on the subject, but that
there was still room for a compromise. The proposition
might or might not be satisfactory, but it did seem to
him (Lord John Russell) to require a statement of the
terms on which this country would agree to settle
the question of the Oregon. He would wish to ark
whether any negotiation was pending between
the two countries ? If so, be felt satisfied that as the
affair was in the hands of her Majesty's Government,
the issue, however it might result, would not be other-
wise than satisfactory. He would say one word with
respect to what had fallen from the Hon. Member for
Montrose with respect to an increased amount for more
efficiently maintaining the naval and military forces.—
He trusted that this grant was required only for an in-
creased regiment or so to be stationed at some of the co-
lonies, or places where treops were already stationed in
different parts of the world. He hoped that it was upon
these grounds, end not from any expectation of a colli-
sion with the United States, that her Muji sty's Minis-
ters requested this increase in the supplies for naval and
military service. Another question occurred to him
with respect to the sanguinary warfare in the South
Amrican States, "by which," to quote her Majesty's
speech, "the commerce of all nations had been in.
terrupted, and acts of barbarity had been com-
mitted unknown to any nation." From
what he bed heard had taken place in those
encounter.,
,there could not he the least doubt that
acts of great barbarity had been committed in the
place he had mentioned. Now the question he had
to put was this, did the Right Hon. Baronet pro-
pose to lay upon the table all the papers he had re-
ceived relative to the grounds upon which the Govern-
ment of this country had interfered with the affairs of
the River Plata.

Sir R. PEEL would beg leave to ray, in answer to
the question of the Noble Lord, that he did not think it
probable he would, at this early period of the session,
have been called on to give answers to those questions.
However, he would say, with respect to the Oregon ques-
tion, that a proposal had been made to the President of
the United States, in which it was suggested that a divi-
sion of that territory should be made : but the terms that
had been proposed for this division were so little likely
to be accepted, that Mr. Pakenham had intimated as
much as that the proposal might as well be withdrawn.
Now, with resptct to that gentleman, he would
only say, that though he entertained for him
the highest respect, it would have been much
better bad he transmitted to the home Govern-
ment here the usual accounts of what had come to his
knowledge on this question. Since, then, the offer of this
country had been refused on the terms he had stated, a
new course had been adopted, and it had been agreed
upon to refer the question to arbitration, but no answer
to that offer had yet been received. With respect to the
navy estimates, be felt assured that it was impossible
for the Noble Lord and the House not to see the neces-
sity for the proposed increase, particularly when they
recollected the heavy demands that were being made
upon the country from New Zealand and Hong-Kong.
lie should say that this country was now in such a
position as rendered it not only wise but requisite, that
those estimates should be granted, and that no unneces-
sary anx'ety had existed upon the subject.—(Hear.)
Sir H. INGLIS—No person respected more than he
did the observations of Hon. Members upon this subject
that he had heard, but he could not help saying that
when the proposal for an increase of those estimates was
made last night, it was received with Unanimous ap-
plause from both sides of the House. He would content
himself with those observations for the present, reserv-
ing to himself the right to enter more at length into the
subject upon a future occasion.
The O'CONNOR DON said, with respect to the coun-
try with which he was connected, he had seen reference
made, in her'Majesty's Speech, to the distress which pre-
vailed in Ireland ; and he, unfortunately, had had sad
experience of the correctness of the accounts which the
Right Hon. Baronet had received on that subject,
and he was glad to perceive that her Majesty had ex
pressed her sympathy with her Irish subjects. But he
also perceived reference made to the extent of crime in
Ireland. He felt grieved to be compelled to admit that.
there were some parts of Ireland in which crime was
prevalent, and he had no words in which to express his
horror of the barbarous assassinations that had of late
been committed in that country. But he would wish to
know whether the Right Hon. Baronet, is proposing a
remedy for this state of things, had taken into consider-
ation the proposal of any measure for the adjustment of
the landlord and tenant question. He regretted to hear
that the Right Hon. Baronet had stated that no such
measure would be introduced this session.—(Here the
Right Hon. Baronet was understood to intimate to the
Hon. Member across the table that he had made no such
statement.) He (the O'Connor Don) had been led to
understand that the Right Hon. Baronet had made that
statement, but he was gratified he had been mistaken.
However, he begged to say that no measure affecting
Ireland could be introduced which was deemed of greater
importance in that country than the measure for the
adjustment of the landlord and tenant question.
Sir R. PEEL begged to assure the Hon. Member that
that question had been occupying the serious attention
of her Majesty's Government, and he hoped the Hon.
Member would do him the favour to repeat the question
a few days hence.—(Hear, hear.)
Mr. BANKES said it now appeared that the Right
Hon. Baronet had changed his opinions upon a subject
of great moment to this country, but he (Mr. Bankes)
was yet at a loss to understand the real cause of that
change. He !certainly had not informed them of the
precise period when that change came over his mind.
He had not stated that this change had taken
place in consequence of the apprehended famine.
Another point which appeared to him to be unexplained
and inexplicable, was what was the real necessity for this
change, if it was not to prevent the mischief to be ap-
prehended from a scarcity of food? The Noble Lord
opposite had published a letter, and it appeared to him
(Mr. Bankes) that this document was really the cause
of this change; but why it should be he was really at a
loss to understand. He had listened to the Right Hon.
Baronet's arguments, and though he did not possess the
talent and ability of that Right Hon. Gentleman, yet he
did riot admit that he would not be able to answer him
at the proper time; on the contrary, he felt convinced
that he would be able to give many of his facts and
statements a positive denial. He (Mr. Bankes) was one
of a deputation from twenty-two counties of England
who waited upon the Right Hon. Baronet at a period of
great distress in this country, when the question of the
duty upon wool was introduced. [Here Sir R. Peel made
an observation, which was inaudible in the gallery.]
There is however one oversight in her Majesty's speech.
It was stated that they will endeavour to make these
great changes with as little injury as possible to the
great interests of the country—but why great interests?
What is to become of the little interests—the farmer—of
whom the Hon. Member for Finsbury spoke, wishing
thereby-to insinuate that they were not the parties in
question; they have, however, a very different opinion ;
they consider that it is one in which they are most in-
terested. There are, however, little interests among the
manufacturers of land, as we arc now to call them--and
I have no objection that it should be so; call if you
please the earth one greet manufactory on which the
farmer toils; but let us have the same benefits which
you have; these are terms which you cannot refuse. And
there are little interests in your manufactures—the
hand-loom weavers, the glove makers and others, among
whom there is great distress, struggling against great
opposition, and reduced to the lowest possible amount
of wages. The Hon. Member then urged upon those in
power not to take a step further till they could satisfy
him, that not only to those whom they called the great
interests of the nation, the " proud acristocracy," or
what you will, but also that the lesser interests of the
state shall be provided for; that they shall not be left
to starve as they certainly will if they carry their pro-
jects further. He gave the Noble Lord the Member for
London joy of his Reform Bill—that here are certain
Members of her Majesty's Government frightened into
changes of opinion, because they dread the effects of the
conflict of the classes in consequence of their conflict of
opinion. He viewed with regret the existence of clubs
and associations, whose language was equal to anything
that proceeded from the old Jacobin clubs, but he viewed
with still greater feelings of regret a Neckar at the head
of the Government. He did not intend any offence to
the Right lion. Baronet; he begged of the Government,
to appeal to the country, and said, that he was ready
most cheerfn}ly to abide by the decision of the country,
if they would give it the opportunity of expressing its
legitimate opinion.
Mr. SHARMAN CRAWFORD stated, in corrobora-
tion of the statement of 'her Majesty's Ministers, that at
least half the potato crop of Ireland was destroyed, the
price of potatoes was at least double, and the working
man who had lost his crop of potatoes had not the means
of buying them at the present high prices. The only
substitute for potatoes in Ireland was oatmeal, and
that was at least one-half higher in price than
formerly, and if means should not be taken to provide
for the necessities of the people, there will be a large
amount of distress and discontent. He thanked her
Majesty for the very kind manner in which she had ex-
pressed her sympathy for the suffering people of Ireland.
The report was then brought up, and the address was
agreed to.
Sir ROBERT PEEL stated that a communication bad
been made to him from her Majesty, stating that she
would receive the Address at half-pest two o'clock to-
morrow.
Mr. BROTHERTON said that he hoped Hon. Mem-
bers would attend in proper time, and not keep her
Majesty waiting, as on former occasions they had done.
EXTENSION AND PROMOTION OF PUBLIC
WORKS IN IRELAND.
Sir T. FREMANTLE moved for leave to bring in a
Bill to amend the Acts for the extension and promotion
of public works in Ireland,
Mr. HUME approved of the facility proposed to be
given for granting loans of money, to be expended on
public works in Ireland. It would however) he, thought)
be satisfactory to know how the public money hid been
expended by the Board of Works in that country.
Sir T. FREMANTLE observed that returns ivOuld
soon be laid before the House, showing the sums of mo-
ney expended since the passing of the Act 1 and 2 Will.
IV.

Mr. FITZSTEPHEN
public grB.--., 0 .
Wasip-4 requisite lc; moth the ob'
f MAU
"eIIENCRI dulled that any
_...., to be kttaineti by tile Bill for amending the Acts
for the extension and OW:notion of public works in
Ireland. A g•rant of 50,0001. had been made upon a
former cccasion of national distress in Ireland, but
the money had been improperly applied. The grant
was rendered inoperative because the money hld been
given to
help privat, individuals to improve their
estates, and not +o ii: Aid
-,t plAid;(' '"El".
R" Sir . h'
•u 1., ktGu,'-
sON said the lion. Member was
mistaken,-'-
the
EqQneY was really expended on public
works.

Leave was granted to bring in the Bill, which was
read a first time, and order, to fan xe*d a second time on
Wedaesday.

The House then adjourned at Half-past Eight o'clock
until to-morrow.

-#7l:' Dirt( Wil tttott

ONE cr.osIRCI
BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock .. .. .. .. .. ~ ~ 205 205
Three per Cent. Annuities .. .. • • 94% 31 94%
Three per Cent. Consols Annuities .. .. 941,4 '94 04
New Three-and-a-Quarter per Cent. Anns. 9634 %IA 34 P6l-i
Long Annuities, Expire -lan. 5, 1860 .. 10% 10N
Ditto, 30 years, Jan. 5, 1860 .. .. le 3-16 10 3-16
India Bonds, 1,0001. .. .. .. • • .- 25
Cons( is for Account .. .. , • 94%
Exchequer Bills. I%d.
1,0001... ..
5001... ..
Ditto, Small

. 913001
22 19 21 pin. 19
2) 22 Pm. 19
20 22 pm. 19
ONE CLOSING
O'CLOCK. PRICES.
82!4. EkVi
•. 891,11
3%

FOREIGN FUNDS.
Brazilian Bonds, 5 per Cent ..
Danish, 3 per Cent .. • •
Equader Bonds ..
Grenada, 1 per Cent ..
Ditto, Deferred
Mexican Bonds, 1837, 5 per Cent

_
Ditto, Deferred.
Portuguese Bonds, 5 per Cent ..
Ditto, for the Account .. ..
Spanish Bonds, 5 per Cent .. ..
Ditto, Passive Bonds .. IA 34
Venezuela Bonds, 2 per Cent 421,A
Ditto, Deferred .. 12%34
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cent ..
Ditto, for the Account

16%
6614
694
42,A

that appeared from Messrs. Bates and Co. He waited on
these gentlemen, and told them that he would write to the
Directors, and he sent the following letter
"TO THE DIRECTOIIS OF THE GREAT NORTH AND SOUTH

WALES AND. WORCESTER RAILWAY COMPANY.
" 289, Regent-street, Jan. 19th, 1846.
Gentleinernae.After I had written and sent my letter of this
morning's date my attention was called to an advertisement
in this day's Times netespaper, signed J. Bates, and Co.,
Foundry-court. Its purport I need scarcely state as I have
no doubt you are aware of it. However, in consequence of
my seeing it, I thougtst it necessary to wait on these
gentlemen who inforitted me that they had requested
you to call a meeting of the Shareholders. That a gentleman
frOM Leeds, representing a very large number of Shareholders
resident in that town, had come up to Lonti9n with a similar
object. litirin# the short time I was at Messrs. Bates' offices,
three gentlemen, is fin stated themselves to be shareholders,
called, attraeted, like mySalf, by the advertisements fri the
Times, and one and all expressed their dissatisfaction at your
conduct, and their determination not to pay the extra de-
posit unless a public meeting was called, end a full statement
of accounts given. As I learnt that there is to be a•
meeting of your Board to-morrew,ll thought it as well to
Make you acquainted with these facts first, and then to ask
yelii, In the event of your being resolved to set at defiance the
wishes of (from all I have this day in the City heard), your
shareholders, I sincerely believe the majority of your Share-
holders, are prepared and willing to give to the present
shareholders upon their calling at the office of the Company,
and presenting their shares, information on the following
points
First. The ardent of deposits actually paid,
" Secondly. The number out of the eighty odd whose
names appear as promoters' in your prospectus that aps
plied for Shares, the number of shares allotted to each ap-
plicant, mid the amount each have paid on such shares.
"Thirdly. The names and addresses of the gentlemen who
now form the Board of Provisional Managers,' the number
of shares originally allotted to each, the amount of deposit
paid by them, and the number of shares they now each of
them hold.
" Fourthly. Whether there Is, or not, sufficient funds in
hand to enable the Company to make the necessary de/walla
required by the House of Commons.
" Such, gentlemen, is the information which I for one
think you should be prepared to render to your shareholders
before you insist upon another deposit being paid; and I
sincerely trust for your own credit and interest,- as well as
that of your shareholders? that you will meet these inquiries
in an explicit and candid manner, and thereby secure the
confidence of those on whose behalf you are acting. For you
may relay upon it, that in thepresentstate of the moneymar-
ket, and in the present temper of the public mind; also,
that without you adopt some such course as I and others
have indicated, you will fail in obtaining the payment of the
extra deposit, and spread confusion and dissension where all
should be confidence and harmony.—l remain, gentlemen,
yours obediently, " F. B. COURTENAY."
He had stated that he had written this letter late at
night, intending to give his servant orders .to post it in the
morning ; but before he did so he received the following let-
ter from these Directors :
" GREAT NORTH AND SOUTH WALES AND WORCESTER
RAILWAY,
" 8, St. Mildred's-court, Poultry,
" London, Jan. 19, 1846,
"Sir —I am directed to acknowledge the receipt of your
letter of this day's date, and to refer you"—(To what?)—" to
the advertisements in the daily papers for the information
you require as to the present position of this Company.
" (Signed), C. HANBURY.
"F. B. Courtenay, Esq."
—(Cries of " Shame, shame.") Now, he thought he could
not do better than send another letter to those gentlemen in
reply to this one.
"TO THE DIRECTORS OF THE GREAT NORTH AND SOUTH
WALES AND WORCESTER RAILWAY COMPANY.
"289, Regent-street, Jan. 20th, 1846.
" Gentlemen,—l wrote the accompanying letter late last
evening, intending to post it this morning, but before I could
do so I received a note from your Secretary, acknowledging,
on your behalf, the receipt of my former communication.
Without, however, affording me the slightest information, or
in any way answering my letter, or explaining why you have
departed from the announcement in your prospectus
tot which I called your attention with respect to
the deposits, you refer me to the adyertisemenfi
in the papers ! I ask you what advertisements ? Cer-
tainly, in those I have seen there is no explana-
tion that affords me information as to your authority.
for calling for a further deposit after the clear and explicit
pledge given in your prospectus, that no calls should be made
beyond the first deposit till an Act of Parliament was ob-
tained. And, therefore, I cannot but regard the note ad-
dressed to me on your behalf by the Secretary of the Com-
pany as a dishonourable evasion of the question.
"In addition to the question I have asked you in the ac-
companying letter, I now beg to inquire if Noll will permit
me to read the deeds signed by the Shareholders, accom-
panied by a solicitor, should I think fit to bring one.
" I have only to add, that should your answer to this be as
evasive and unsatisfactory as the one I have already received,
I shall feel bound to give publicity to this correspondence, in
order that the great body of Shareholders may learn how use-
less it is to endeavour to gain information from their pro-
visional managers.—l am, gentleman, yours obediently,
" F. B. COURTENAY."
The meeting might, perhaps, have observed that he might
be classed among those persons Who were said to be of " an
excitable temperament"—(Laughter)---that he got angry
sometimes; and be did confess that he was rather excited
while writing the letter he had just read them. Fortunately
a friend came in (a great believer in mesmerism), and said,
"My dear fellow, what is the matter with you ?" " Oh, this
cursed railway."—(Laughter.) " Oh, don't agitate yourself,
I will calm you in a minute." He (Mr. Courtenay) told him
what he had done, and lie also read the proof of the letter
he had sent the Directors. "Oh," his friend said again—
" if that is all, I will throw you into a tranquil sleep, and I'll
do even more for you, for I will not only soothe your irri-
tated feelings, but enable you to be present at the
meeting of the Board, when you will see the
reception they will give your letter. So sit
down in your easy chair." Well, after one or two passes, he
did certain experience a wonderful effect to be sure.—
(Cries of "Question, question," "Go on," and some con-
fusion.) Well, then, he would tell them what the Board
was, and he would pledge his word that if any gentleman
chose to believe, and would endeavour to prove that the
Committee of Management were aceng properly, he at leait
would give him a patient hearing—(Cheers) ; but he asked the
same indulgence for himself also. He begged them to ob-
serve that he had paid 155/. for his hundred shares, and that
any discovery -that the Directors were going on in a satis-
factory manner would be more pleasing than otherwise. He
had alluded to the meeting of the deputation with the
Directors, one of whom he knew personally, and he
(Mr. Courfeisay) only regretted that he allowed his judg
meut to be influenced by the majority, for he believed
that his own opinion was favourable to the shareholders.—
(Hear. hear.) He (Mr. Courtenay) had come to that meet-
ing to investigate their affairs, and he hoped to hear that
his opinion of the Company was altogether erroneous. He
repeated that be would be most happy if Mr. Bustle
(solicitor to the Company) would prove to him
that he was altogether wrong.—(Hear.) He told the
meeting that he had paid this motley for the shares he
held, and le had held them throughout the panic, because
he did think that this was a respectable Company—(Hear,
hear)—so much would he dp that he bad offered to one of
the Directors to pay. up the additional call of a pound a
share, if ho received a distinct pledge, that, in
the event of not receiving the sanction of Parliament,
his hundred pounds would be returned to him.—(Cheers.)
He would rather trust one individual of the Board than the
Board itself as a body, until at least he had got some expla-
nation ;of their affiurs.—(Continued cheers.) He had in.
tended to tell them what had occurred during his mesmeric
sleep, but some gentlemen did not seem to care for the ac-
count. He was in the hands of the room, however, but he
had only intended to tell Mr. Bushe, if lie bad time to listen,
what answer he had expected to have received from the
Board of Directors.
Mr. I.3tisne—l will wait, if business is to be done ; but I
think your mesmeric sleep has nothing to do with it.
Mr. COURTENAY—WeII, he would pass that by. He
would abandon mesmerism, and confine himself to the
merits of the case.—(Loud cheering.) Gentlemen would
observe, that in the prospectus issued by the pro-
moters of that undertaking—in the nineteenth paragraph—
the following announcement ;—" Subscribers wilt be held
liable only to the extent of the first deposit until the Act of
Parliament,shall have been obtained, and afterwards only to
the amount of their subscriptions." Now, that was the
paragraph, and a most hnportant one it was to the share-
holders. But he would, in addition, call their attention to the let-
ter of application for shares. "To the Provisional Committee,
&c.—Gentlemen, I requestyou will allot me—so many shares—
and 1 hereby undertake to accept these shares, or so many,
of them as you may allot to me on the terms of your pro-
spectus, to pay the deposit thereon, and to execute the Par-
lihmentary agreement when required." Was that not per-
fectly clear—in fact, could there be any mistake about it.
He knew that it was said that the additional deposit was
required to meet the Standing Orders of the Housc of Lords,
But he would ask Mr. Bushe if that prospectus was issued
before this regulation was determined on by the House of
Lords ; and if it was, he would ask again why the Directors
did not withdraw that prospectus, and say to the public that
in consequence of this alteration they would be obliged to
alter the principle on which shares were to be allotted. That
would have been the straightforward and honest course. But
Mr. Bushe said they did not do that.
Mr. BOSHE—You did not ask me a single question cn the
subject ; certainly I did not answer one. Some other gentle-
man did so, but not you.
Mr. COURTENAY was sorry to find Mr. Bustle's memory so
defective. He did ask! Mr. Bushe, if, when! the letters
of allotment were issued, the Directors had put in a
notification of the alteration they intended to make,
and the terms on which shares were to be granted, and he
understood that gentleman to reply, No. He (Mr. Cour-
tenay) had not the honour of being an original shareholder,
but others could tell him if such a notification had been
made.—(Cries of "No, certainly not.") But Mr. Bushe
stated that he had teld thousands of shareholders of the in-
tended alteration.
Mr. BUSIIE—I stated that I had informed gentlemen who
held shares to the amount of some thousands.
Mr. COURTENAY maintained that the Provisional Directors
and the Solicitor to the Company were bound in honour to
give notice of the alteration, and the terms on which they
meant to allot the shares. They were bound to state the
extent of the alteration, and leave it to the p plcants to
take up their shares or not, as they might think applicants
Had
they adopted this line of conduct, there would have been
no necessity for that meeting.—(Cheers.) They did not,
however, do so, but they made this other call, in order, as
they stated, to comply with the standing orders of the House
of
Lords. He might be wrong in the impression he enter-
tained, but he Imagined that until they received the sanction
of the Commons, there was no necessity for raising this
money—(Hear, hear)—that was, if the deposits were
fully paid. If they had received the affirmation of
the House of Commons, he was sure that no
Shareholder in that room would hesitate to pay up the beg-
garly additional pound that was required of him. He
maintained that the respectable position of. the Company
could only be maintained by the solicitor giving a full and
explicit explanation of the affairs of the Company—(Cheers)
—and he called upon him, therefore, to state the number
of shares originally allotted, with the number allotted
to the promoters of the ilne.—(Hear, bear.) There were
88 names on the Provisional Committee, and 71 of these
were locally interested, who, if the line paid only 2 per cent.,
would perhaps advantage by the transit of natural or arti-
ficial produce for their own lands to a much greater extent..
The speaker then, at great length, contended that by their
present proceedings the committee were ruining the scheme.
That in the market, and ho had authority for say-
ing so, the shares would not bring 2s. 6d., and
ls. 3d.- of that would be absorbed by the broker's charges.
If these questions were answered in a satisfactory manner,
if their affairs could bear investigation, no man of sense could
doubt that instead of their line being at 7-Bths discount, it
would be at least at par if not at a premium, and such meet-
lags as had lately taken place at Glasgfaw and Edinburgh
would be avoided.
The Directors could not deny that the table was groaning
with letters of inquiry from the shareholders.—(Hear, hear.)'
Mr. BUSHE—Their table is inundated with scrip.
Mr. COURTENAY—You may hold the scrip, for you will not
get the money.—(Hear. hair) When they waited en the

•••••....•

Directors there was a great looking for scrip in cupboSrds,
but no sections, no traffic tables were produced.
A SHAREHOLDER said, amidst the utmost confusion, that
he considered the speaker was occupying too much time in
his address.—(Cries of " No, no ;" " Yes, yes ;" and " (I°

on.")
Mr. C
end.—a
10 I le
aßrT,EhNeeavr.) The
said he was
eedntmit3l,esdtifitcoatbioenheoafrdoteoptr:
rectors, their steady refusal to give the information sougbt! prset
their experience of railway projects, justified theshareho lae
in the course they were pursuing. Let them also lookd
in
the
number of banks daily failing, a list of which appeare
Times of this morning. With these feelings he was perfectly
jultificd in proposing the following resolution : t.
" That, under the circumstances now detailed, this Mee_
e
is of opinion that it is not expedieet tiO pay the second ac
posit, and that such payment be resisted?—(Cheers.)
Mr. Bum asked if he would be alloweet to ad
dress the
meeting before the resolution was passed or es.ter•—•-
(Cries of
" After," Before." he
COURTENAY said when he and others saw °erect;
tors whose naives obtain,
es they could not they set.
_the
guarantee that those shareholders who did not .pay
second depeteit would be entitled to be present at the meese
or. the 31st. 111
Mr. Buell, in reply to a question, said he attended in
of
official capacity, by the express desire of the Board, and°
resnect to the meeting.---(Hear, hear.)
(.;apt. BACK having secoeded the nrotiort,
Mr. Been proceeded to address the meeting. lie es. said
Mr.
the gentleman who lied addressed the Meet7e,
was an original Shareholder or not he should meet lyitheieevdel
attention from him as the solicitor cf the Company: -"`
not now intend to follow him into detail, but would deal le:l)
the more prominrut features of this address. He (Mr. girth
his fattier and grandfather, had been long connected big
the City, which was a sufficient guarantee of s
respectability. He certainly felt proud to be asel_cd
ciated with the gentlemen who composed the nwiee
If they wished to know who they were, let them ask in l".e
City, or at the Bank of England.(Hisses.) They had acts
like mien of honour and of business, and w th every desire
promote the interests of the Company; and if they ha een e
obtained the eespect of the Shareholders, they ought to hefee
done so.—(Yes they had.) He was entitled to be he';',',';
as patiently as the gentleman who had proposed ytr,
resolution, who had in t.'e course of his address used
flowers than facts.—(Cries cf " No, no"—" Go to the noll:e
—" What have you done with our money?" and unril;
If they would hear him, he would compress all he 110,`L„,
say into one paragraph. He then referred to all the letilloia,
which he bad addressed to Messrs. Bates and C°" is
chore for the shareholders, stating that the Diree-eoe
would give their ahplication 'the fulllest cosesicreir;',„oo
at their next meeting. The Directors had not De-
arly but their original shareholders, to pay the increeee This
posits.—(Great uproar, and cries of " Shuffling," " fie
time all the scripholders must pay the additional call.") es
had several times endeavoured to address them, but emei
time he had been interrupted, Ho wished to state facts, for
if he was interrupted again he, would leave the meetinge.
he was of opinicn that in business matters there should `1„"f
no noise or uproar. With respect to the observationsfL
Mr. Courtenay, he did not think that a respectace;
member of the profession ought to reply to them.—(Fli„.,6so„
and cries of "What do you come here for ?") The Direto
who were respectable men, had committed themselves wer
advertisement that two-thirds of their deposits were ,"
touched, and deposited in a safe place. Then all the prelles
nary expenses up to 31st Dec. had been paid. The prospeerae
was printed and issued before the order of the House of I" ye-
was sent forth. It, of course, placed them in an awkard
tion, but if they had withdrawn their prespectus and pui;t.
fished another, they would have had to pay 10/. per lies
deposit to the House of Commons. The great question co-
how they were to go into that House. If they had notZets
vided the 5/. per cent. they would not have had all *set
standi. We advised this as the proper course to his pare 4
and the clerks of the firm would state that parties bold l'e
thousands of shares had been informed of the course teo
proposed to take with respect to the deposits. All the ele.rto,
and others he had sent into the country were instreetesc`
say that it was possible that an additional deposit of ~
might be necessary. He looked to the original subscrie
53
and not to the purchasers of shares, for the increased 'dePtele
and the proper time fora public meeting to consider P/bat :el
the Company should take should not be determined
the opinion of the original shareholders, who were respoa'
ble, cobld be obtained.
[Several gentlemen here said that when Mr. Bush's elerl
called upon them, they said nothing about the probabilitYli,
an additional 51. per cent. being required. Great noise hat
sued at this, during which Mr. Bush Bush put on hie h
and seemed about to leave, but some one cried " Mr. DA'
going,wand amidst great hissing he retired to his ph,,,ee'icle
A SHAREHOLDER wished to know what amount of l'
posits had been put away?
Mr. BUSH. --Two-thirds.
A SHAREHOLDER.—Too much. •
Mr. Kiereeest—Have they sufficient money to go to Fer°
ment with.—(Hear, hear.) re the
Mr. Busk—l will advise the Directors to PrePitidel,
statements required, and to submit them to the filigree'',
at a future day. That is my advice—it is sound, and
abide by k—(Hisses.e°
A SHAREHOLDER s) aid he had bought several shesge
10s. or 12s. premium, believing that it was a good CooPntorl'
and he did not think he or others were wrong in this oP"eot
The acruing shares towards Mr. Bush would the
have been uttered if he had fulfilled 00
statement with which he set out—that he was thel' SJI
behalf of the Directors, and that he wonld reply
statements made. If a guarantee would be Fieto
to him that the money was aground to g° 19
Parliament, He should not object to pay it-ee $
wished to know from Mr. Bush in what position %nib
purchase of scrip, would be as a shareholder, after thev"
of January, if he did not pay the additions' deposit. IV
Mr. 'Buell said that his position would be theirs. to
shares would not. be forfeited, but it would be Rabies
forfeiture. As I stated to the deputation which waited fp
him, with Mr. Courtney at their head, who seemed t?, floc
forgotten what he told him, that the Directors wow' elie
play " snap" with the Shareholders, and forfeit this at Of
o'clock at ni
g ght
en on the 30th ofJanured iary.
The samegentleman th en inquin what position r
a scripholder be at the meeting, if he did no.t pay the A
tional deposits ? s ti"
Mr. Busts said he would be in the same Thosition a tiell
original holder, according to the terms of tlicr deed. 19
the shares were liable to forfeiture if he did not Pay'
had stated this to the shareholders scores of times- ref'
A SHAREHOLDER said they were bound to calf %bee re
ing for an earlier day than the 31st, or to postpone lb, r
ment of the deposits to the 4th of February.—(Hears) ;se;
Mr. BUsHE said he represented gentlemen who were.; bad
pable of such conduct as that attributed to them. The}
not the power to alter the time. Let them come quietteave
meet the Directors. He would not advise them to poeti;es;
the meeting. He would compromise his character by g, :,aer,
bad advice, because a few gentlemen, who were labouring "or'
a mistake wished him to do so. The meeting well knew
they could not have a majority in that meetleit'
but a small portion of the shareholders were Pr oet
The Directors would have no packed meetingeeee,ll
would invite all to come, in order that the 1;09
particulars might be laid before them. They
have ample financial and other statements. 31°
A SHAREHOLDER—We shall be out of Court on the 0,1
31st of January, if we do not pay the,,,too
He did not mean to say that the MID°,
would take an unfair advantage of the subscribers. d not
they the power, if I present myself at the meeting' an, e
bring a banking receipt for the said deposit, to eel.°
adMr.mission? toff
Busir said the advice he would give to the Pireclid
would be this, that, scrip or no scrip, any man wil°
signed the deed should be admitted.—(Hear, hear.) ,_„t
V
The SHAREHOLDER said so far he was satisfied, " I'4l
Directors, it appeared, had the power to exclude tholees;
sons who had not paid the second deposit. He, for pill:, le"
would go and pay up this call, but he should like CO L'fopiOf
in possession of this—he would do so without any hall)" 114
insinuation—was it incumbent on the shareholders terilos
second call, according to the standing orders of the .0°
Lords prior to the Bill passing the Commons ? 131
Mr. Buses said, with respect to the House of Lo!"-t1to
advice would be this—not to go into Parliament unieez' e,
could carry the Bill through all its stages in both 11005e,fafr
After some remarks from Mr. Bushe, Mr. Finch, I‘l,,r*
lips, and Mr. Peacock, the resolution was then carried
mously. ree°lf
Resolutions empowering the meeting to take lega duct°
to stop the further expenditure, and censuring the colleted'
the solicitors, Messrs. Bushe and Mullins, were.thell
and the meeting broke up.

BANK OF ENGLAND.
fc‘
(From last Night's Gazette.)
‘'A
to Aecount, pursuant to the Act 7th and Sth of Victoria, AO
-,6.
the Week ending on Saturday, the 17th day of January, I°."
gg
ISSUE DEPARTMENT.
X. ° 15;9e
•• • • 26,573,910 Government debt • • 1,,,96 gob
Other securities •• • • 0090
Gold coin and bullion
Silver bullionle•

Notes Issued..

£26,573,910

X 26.51
er'
MARSHALL, Chief C 0
846.

Dated the 22d day of January,

BANKING D
X.
Proprietors' capital 14,553,000
Rest •• .• .. •••• • . 3,341,777
Public deposits (in-
eluding Exchequer,
Commissioners; of
National Debt, Sav-
ings-banks, and Di-

•vldend accounts).. 4,710,957
Other deposits ...• .. 11,254,618
Seven day and other
bills.. 1,009,030

X 34,869,382