The Sun.
London, England, 1870-05-06 00:00:00

LORD DERBY ON THE UPPER HOUSE.

A distinguished company assembled at the annual
dinner of the Institution of Civil Engineers. The Earl
of Derby, Earl Granville, Lord Halifax, Mr. Bruce,
M.P., Mr. Childers, M.P.,- Mr. Goachen, M.P., the
Solicitor-General, the Archbishop of York, and others,
were present, and several of them- responded to various
toasts. Most noticeable was the speech of Lord Derby in
returning thanks for "The House of Lords." He could
not, he said, assert that at the present time the peers
were suffering from overwork, as, indeed, it might be said
that they did not present to the country a remarkable
example of industry. The fault, however, was not theirs.
They did such work as was sent them to do, and
if the stream was dry of course the mill could not work.
They did not profess to occupy a position of rivalry to
the House of Commons in regard to political powers,
and had not done so, he should say, for the last 100 years ;
but, nevertheless, he believed, that in the present and in
the future, as in the past, there remained to the peers
special functions to discharge and an appropriate sphere
of public utility. Every year the House of Commonsbe-
came more and more burdened with multifarious duties,
which it could not thoroughly perform, and which, from a
very natural feeling, it did not wish to abandon. Now,it was
well known that work which was done in a hurry was apt
to be scamved, and required to be well looked over before
it was finally turned out. Well, it was that supervision
which, in his opinion, was the most appropriate function
of the House of Lords. He really believed that this was
much more their duty than that which was popularly at-
tributed to them—viz., the duty of merely retarding for a
very limited period certain measures which must neces-
sarily be passed sooner or later. The task of supervision
was one for which the Upper House had some special ad-
vantages, because they constituted, so to speak, a jury
selected at random from the educated classes, but fairly
representing the average opinion of those classes, and in-
cluding some who had made public affairs and political
studies a life-long occupation ; and partly because, al-
though like every public body they were responsible col-
lectively to the public at large they were not responsible
individually to any faction of the public in the form of a
constituency. To national opinion they were bound, but
of temporary or local prejudice they were not afraid to be
and it was their duty to be, independent. He did not
know that he could claim for the House of Lords
collectively a very close connection with the noble
profession of engineering, although he was sure that if it
should be their fate to travel altogether by railway, and
if the locomotive broke down, there were two or three
members of their body who, supposing proper appliances
were given, would be perfectly able to set matters to right
with their own hands. But although the work of the
House of Peers was in the main laid down in a different
line, yet they had had something to do with the industrial
and engineering history of the country. For example, no-
body could deliver a lecture on the steam-engine without
mentioning the name of the Marquis of Worcester, nor
could the story of our great iron industry be told without
reference to the family of Dudley. Again, it was impos-
sible to speak of inland navigation without giving his due
to that Duke of Bridgewater to whose perseveranee was
owing the development of our canal system, and also in a•
great degree the present proud position of Manchester and
Liverpool. Civil engineering on a vast scale was altogether
a modern profession. Men learnt to fight one another in
the field, and to outwit one another at the Bar before
they set their minds steadily'to work in order to establish
means of communication between every land and over
every sea, and.to search into the earth for the treasure it
contained. It seemed that those professions which had
in them something combative generally, in point of time,
took precedence of those which were industrial in their
character. Thus it happened that while the House of
Lords, which, in a certain sense, was a record of the history.
of the country, contained some 80 names which owed their
position to the profession of the Bar, and hardly fewer which
had been rendered famous by naval or military successes,
those who owed their position there to industrial life were
as yet comparatively few. There were, however, some
such names, among which he might mention Belper and
Wolverton, that represented in a very ancient assembly
one of the latest developments of modern civilization ; and
in the interest, not of the civil engineers, who were per-
fectly able to take care of themselves, but in the interest
of the House of Lords as a representative body, he
wished to express his hope and belief that the next
generation would see the list of names very considerably
extended.

The University of Oxford are about to establish a
Lectureship on subjects connected with the Sclavonio
languages or literature, and to provide for the bestowal of
prizes or exhibitions for the study of those subjects out
of the bequest of the Right Hon. William Thomas Horner,
Earl of Ilchester.

The Bristol Working Men's Conservative Institu-
tion have passed the following resolution :—" That this
meeting approves of the presentation of the petition
against the return of Mr. E. S. Robinson as a member of
Parliament for this city, and sincerely trusts its presenta-
tion will be supported by the Conservative party."

An action for libel has been brought by the clerk
to the Waterford Union against Mr. Spencer, J.P., and
Captain Maunsell, two of Mr. Bernal Osborne's sup-
porters, the libel consisting of a complaint made by them
to the Poor Law Commissioners of his conduct as a sup-
porter of Mr. Smyth.

M. SCHNF,IDER AND HIS ELECTORS -M. Schneider,
the President of the Corps Legislatif, has issued an address
to his electors, in which he strongly supports the Plebis-
cite. There is, he says, no amount of freedom,
no condition of good government, which is
not compatible with the new constitution if the
country accepts and practices it. He charges his electors
not to abstain from indifference, which is a neglect of one
of their duties and privileges, nor from scruples of detail,
since no constitution is absolutely perfect ; still less to
vote no, since the parties who advised them to do so are
divided amongst themselves. France will never, he says
in conclusion, have a better opportunity of solemnlyi con-
demning revolutions.

Closing Business
Paid. Name. Quotations. done.
St Bristol and Exeter lOO 78 80 80
St Caledonian 100 731 741 731 1
St Cambrian
20 Cornwall all 21 31
St Dublin and Belfast Junction 100 . . . .
St Dun, Prth, and Aber. Jnnc 100 7.0 7.2
20 East London all 4 6
20 Do
20 Do
St Glasgow and S.Western 100 116 117
St Great Eastern lOO 42 421 421 -1 I
St Do East Anglian, No. 2 100 61 7.1
St Great North of Scotland 100 15 16
St Great Northern 100 121 122 1211
St Do A 100 126 • 127 126-1
St Do B. lOO 126 128
St Gt. So. and West (Ireland) 100 98 100
St Great Western Consolid 100 71 711 72
St Do South Wales 100 68 70
St Do West Midland—Oxford 100 44 46
St Do do Newport 100 36 38
St Lancashire and Yorkshire 100 130 131 1291
St Lond, Bright'n, and S.Coast 100 43 431
St Lond, Chatham, and Dover 100 144 151 16
St Do Metrop Extension A 100 9 11
St London and North Western 100 1261 1271 1271 1
St London and South Western 100 881 891
St Mauch, Shef, and Lincolnsh 100 51 511 521
St Do New. issued at £5O dis 3O .
St Metropolitan lOO 791 80 77
St Do Preferred. lOO ...
St Do Deferred 100
10 Do Redeemable
St Metropolitan District 100 37 38 371 I
St Midland lOO 1241 125 1264-1
St Do Birmingham and Derbyloo 92 94 96
St North British. lOO 34 35
St Do Edin, Perth, and Dunde 100 13 15
St North Eastern—Berwick lOO 1261 1271 1351
St• Do Leeds 100 891 901 89
St Do York
St Do Stockton and Darlingts 100 178 180
St North Loudon 100 120 122
10 Do New, 1868 6l 11 1 f
St North Staffordshire 100 59 61
St North and So. West. Junct 100 102 105
St Rhymney lOO 52 54
St Shropshire Union 100 62 63
St South Devon 100 46 48
St South Eastern 100 76; 771 77/ 1
St Do Preferred .lOO 1091 114 1114 12
St Do Deferred. lOO 41 41f 441 1
St Staines, Wok'ham, & Wok'g. all 121 131
St Taff Vale
10 Do C 6 3 6
St Waterford and Cent. Ireland 100
10 Waterloo and Whitehall

MISCELLANEOUS.

10 Anglo-Mexican Mint
25 Australian Agricultural 205 16 17 •
25 Austn Mort Land and Fin, L 5 45 pr
10 Baugparah Tea Estate, Lim all 3 5
10 Berlin Water Works, Lim all 15 155
5 Bombay Gas, Limited all 5 55
5 Ditto, Now 4 pr 4pm
50 British American Land
20 British Indian Tea, Limited all 25 34
27 Canada Company all 78 80
20 Ceylon Company, Limited lO 4 3d
20 Ditto, A shares
25 City of London Real Prop, LlO 7 6d
30 City of Milan Improvment L all 4 5
50 City Offices, Limited
50 Colonial, Limited 2O id pr
50 Commercial Union (Asso)
10 Coin of African Merck), L
20 Continental Union Gas, L
25 Copper Miners of England,
Pref 75 per cent all 5 7
100 Corp of London Bonds, 1877,
44 per cent all
100 Ditto, 1879, 4-3. per cent
100 Ditto, 1882, 41 per cent
10 Credit Fonc o England, L all 24 34
50 Credit Fonc of Mauritius, L 10 25 145
St Crystal Palace
St Do, Preference lOO 94 99
St Do, 6 per cent Perp Debentloo 108 113
50 E India Land Credit & Fin L 7 5 4d
32 Ebbw Vale 274 104 10d
100 Egypt 9 p ct Viceroy's Loan
gua by Egyptian Gov all 1004 1011 1015 24
20 Egyptian Co En and Trading L 4113
3 English and Austr Copper, L 24 4
15 Eng Land Foreign Credit 75 4 3d
10 European Gas all 17 18
10 Do, new
6 Fairbairn Engineering 5 ld p
20 Fore-street Warehouse, L 13 34 44p
100 Foreign and Col Gov Trust
and Loan 6 per ct Bonds all 97 96 954
10 Gen Credit and Discount, L 75 1 id
15 General Steam Navigation l4 29 31
50 Home and Col Marine Ins, L 5 ld p
20 Hudson's Bay (Governor and
Co. of Adventurers of Eng
trading into) all 12 124
50 Imperial Continental Gas 434 134 136
50 India Rub, Telg Works, L 45 49 50
10 International Finan Soc, L 5 14 14d
20 Italian Irrigation Canal, Cav all 44 44
100 Ditto, 6 per cnt Bowls, red all
1870
50 Land Securities, Limited 5 2 ld
25 London African Trading lO
50 Lond Financial Assoc, Lim 3O 18 17d
4 Loud Gen Omnibus, Limd
50 Lond & Glasg Engin, Limd 25 18 16d
20 London and Prov Marine
St Madras Irrig & Canal, guar 100
spc by India Gov lOO 103 105
50 Merchant Shipping, Limtd all 32 37
10 Natal Land and Col Co., Lim all 35 45
25 National Discount Co, Lim._ 5 llf 111
10 National Steamship, Limd all 135 145
1 Nerbudda Coal & In, Ld 6s 6d 4 5
10 New Consolidated Dis Ld
5 New Quebrada, Limited 4112 41 4'd
25 N Zealand Ln & Mere, &c 24 I ip
25 N Zealand Trust & In, Ld 5 14 lip
10 North Assam Tea, Limited 7 7 5d
10 Do, B all d
St N British Austral, Limited 100 60 70
50 N British & Mercan lusnce 64 23 234
25- Ocean Marine insurance 5 15 16p
5 Oriental Gas, Limited ..... all 84 9
5 Do, New
10 Otago & South Invest, Ld 2 fd fp
5 Ottoman Gas, Limited all 2 24
St. Peel Riv Lnd & Min, Lim lOO 31 33
50 Peninslr & Oriental Steam all 43 45
50 Do., New, 1867 lO ;3) 2id
50 llhymney Iron .... all 27 285
15 Do, New tall 84 84
25 Rio Janeiro City Int., Lmtd all 191 204
20 Rio Janeiro Gas, Limited
100 Royal Mail Steam 6O 52 54
St. Scot Aus Invest, Limited lOO
•20 Societe General de l'Empire
Ottoman 8 24 31
25 South Australian Land
20 Tel Construe & Maintenance

(lim and redaced) all 36 361 361
20 Thames & Mere Mn Ins, L 2 21
St. Tobacco (Ital 6p c Loan) all 86 88
10 Trustand Agency of Austra-
lasia, (Limited)
20 Tr &LnCo of Up Canada 5 s ip
50 Union Marine Liverpool, Ld 5 6 64p
20 Union Steam Ship, Ld
15 United Dis Corpora, Lmtd
20 Univer Mar (Ins), Lmtd 5 41 Sip
10 Upper Assam Tea, Lmtd all 1
30 Van Diemen's Land ..
100 Viceroy of Egypt Mort Ln all 851 861 841
50 Warrant Finance, Limited 12 8 Gd
50 WI & P Steam, Limited ... 20 4 3d

COLONIAL GOVERNMENT SECURITIES.

Canada Government, 6 pc, Jan
and July ,1877-84 100 104 105 f
Do, 6p e, Feb and Aug lOO 102 103
Do, 6p c, Mar and Sept 100 1051 1061
Do, 5p c, Jan and July . .... lOO 941 951
Do, 5p c, inscribed stock lOO 94 96
IDo, 5p c, Dominion of, 1903 ~ 100 951 961
Cof Good Hope, 6p c, Dec, 1873 100 103 105
Do, 6 p c, April and Oct, 1890-
1900 lOO 111 113
Do, 6p c, April and Oct, 1880-90 100 109 111
Do, 6p c, Jan and July, 1891 lOO
Do, 5 p c, April 15 and Oct 15,
1900 100 1021 1031
Ceylon, Nov, 1878, 6p c 100 109 111
Do, 1872 100 103 105
Do, 1882 and 1883 100 112 114
Mauritius, 6p c, 1873, Jan & July 100 102 104
Do, 1878, Jan and July 100 106 108
Do, 1882, May 15 and Nov 15 100 107 109
D 0,1895-6, Feb and Aug 100 111 113
Natal Gov 6p c, April & Oct 100 106 108 1061
Do, 6p c, May and Nov 100 107 109
New Brunswick Gov 6 p c, Jan and
July 100 104 105
N. S. Wales Gov 5 p c, 1871 to
1876, Jan and July lOO 100* 1011
Do, 5 p c, 1888 to 1896, Jan and
July 100 102 103 103
Do, 5 p c, red by ann draws,
from 1867 to 1875 let, 100 1011
Do, 2 per c, annual draws, 1872
to 1898 lOO 1001 1011
New Zealand 6p c, 1891 100 107 109
Do, 5p c 100 97 98
Do, Jan, April, July, Oct 100 971 981 961
Do., 6p c, 1891, Mar and Septloo 103 110
Do, p ct, 1891, June and Dec 100 107 109
Nova Scotia Gov, 6 p c sterling,
1875, Jan and July lOO 1021 1031
Do, 1886 100 1041 105
Queensland 6 per ct, 1882-85, Jan
and July 100 109 110: 1091
Do, 1891, Jan and July 100 1081 1091
S Australian Government, 6 p c,
1869-77 lOO
Do, 1878-92 100
Do, 1893-1908 100 110 111
Tasmanian, 6 p c, 1895, Jan and
and July 100 108 110
Do, 6p c red, 1893 to 1897 lOO 108 110
Victoria Govt, 6 p c, Jan and
July, 1891 lOO 113 1141
Do, April and Oct, 1883-5 lOO 1101 111 1101
Do, 5p 0, Jan. and Ju1y,1894 100 103 104 103}