The Sun.
London, England, 1870-01-25 00:00:00

1111 E SUN, LONDON, TUESDAY EVENING, JANUARY 25, 1870.

JOINT-STOCK BANKS

Closing Business
Share Name. Paid Price done.
10 Agra Limited, A all 11 111
10 Du B lO 41 51
50 Albion l5 10 8
00 Alliance, Limited
20 Anglo Austrian
20 Anglo-Egyptian, lira all 21 25 211 /
20 Anglo-Hungarian
20 Anglo-Italian 1866, limited 10 5 4
40 Australasian
20 Bank of British Columbia all 12 13
20 Do issued at 2 pm.... ~.. 5 5 4
25 Bank of Egypt
20 Bank of Otago, lint.
25 Bank of South Australia all 30 32
'5O Bank of Victoria, Australia 25 37 39
10 Bank of New Zealand all 151 101
50 British North American
20 Chartered of India, Austra-
lia, and China all 13 19
25 Chartered Mere. of India, •
London, and China all :32 31
20 City lO 11 111
•
100 Colonial 25 1 8
1U Consolidated, lion.
50 Delhi and London, lint
50 East Loudon, lim
20 English and American, inn 10 21 11
20 English Bank of -Rio deJa-
neiro. Inn
20 English, Scottish, and Aus
tralian Chartered , all 17i l 3 I
281 Hong Kong and Shanghai
Bank Corporation all 31 33
281 Do new lll 4 5

. .
100 Imperial, lira '2o 1; 16
20 Imperial Ottuakiu lO 21 4 121
Z 5 lonian all 1 / 22
25 Do new 5 ti 3
Lyad Mortgage of India, Hai 4 31 7.1
100 Do sp. c. Debs.lB64, 30 all 76 /6 SO
100 -Loudon Bank of Mexico
and South America, lint. 20 5 4 11
100 London and Brazilian, Um. 43 33 ;a
20 Do new 71 5 43
100 London &River Plate, Um. 40 11 13
25 Do new 10 11 2 p
20 Loudon Chart. of Australia all 231 241
20 London and County 2O 491 501
50 Do new, iss at 20 p.m, 16 pd ll ... • -
London Joint Stock 3ll 321 33:
London and South African al 114
100 London &S.-Western, lim, 20 13 11
50 London & Venezuela, lira l2l ... •••
100 London and Westminster 2O ' 571 sbl 601
100 Do Scrip, iss at 10 pm
100 Merchant, Hui 25 61 54
10 Metropolitan, lira all 71 7i
00 Midland, lira. 2l 11 1
5 National of Australia
25 National of Liverpool, lira. 15 3cl 1p
00 National Provinc. of Eng' il 42 ... ...
10 Do . 42 ... ...
50 National.. 3O ... • •
20 New South Wales all 41 43
20 North-Western 7l
25 Oriental Bank Corporation all 41 42
50 Provinc. Bank. Corpo., Hui. 11 61 51
30 Provincial of Ireland.. . 25 9./ 92 Bei
10 Do new.. all ... ...
100 Stand. of Brit. S. Africa, lira 25 14 13
100 Do issued at 6 pm. 10 8 6
25 Union of Australia all 46 4 ,
100 Union of Ireland, lira
50 Union of London l5 37 38

PARIS CORRESPONDENCE.

MONDAY.

The Commission on the parliamentary initiative held its
first meeting to-clay. The first question under discussion
was, whether they had power to examine the drafts of
measures relating to the future modifications of the
Constitution. The committee decided to refer it to the
Government in order to ascertain whether they intended
to modify the Senatus-Consultum of 1866, which forbids
the discussion of the Constitution. The commission then
proceeded to discuss practical matters, and in respect to
the extraordinary budget for the city of Paris, it made no
difficulty in granting the sums demanded, as they aro
actually due, but it distinctly specified that this must not
stablish a precedent. The Government proposal re-
specting the new mode of taxing beverages was strongly
opposed, and no explanation on the hart of the Ministerial
commissioners could recone!le the majority to it.
The new press law, which has been greatly modified since
it was laid before the Council of State, will be introduced
to the Corps 146gislatif to-morrow.
At the end of last week the Senate was seriously
engaged with the Algerian question, which would
at any other time have attracted notice, but which
has been completely overlooked in the engrossing
interest of the free trade debates. Marshal Mae-
Mahon made a speech of considerable length, describ-
ing the actual situation of the colony, and representing
the difficulties of the colonists. With regard to
commerce, Algeria is not in an unsatisfactory
condition. Her imports amount to £8,000,000
a year, and her exports to more than £4,000,000,
and these amounts are steadily increasing. The land ques-
tion is more perplexing. The Governor-General states
that 295 tribes occupy an extent of 4,887,000 hectares.
The Crown lands are fixed at 528,000 hectares in forest
land, and 208,000 in cultivated land, One hundred
thousand hectares belong to the Algerian Society. The
division of the lands is one of the principal points to be
decidedby the new Senatus-Consultum. With respect to
Algeria as a field of colonial enterprise, Marshal MacMahon
is not altogether encouraging. It is a mistake, he avers, to
suppose that it is an extremely fertile country, where the
sun supplies the absence of cultivation. The soil is in a
great measure exhausted and demands long and patient effort
before it will repay the husbandman. Water is scarce, but
indispensable to successful agriculture, and its storage
entails vast expense. The task of clearing the ground is
also one of exceptional difficulty. The successful colonist
in Algeria must have at least a capital of £l6O, or
£2OO, and families with this amount to invest are not
xactly those who seek a new country. Prior to the
close of the debate on Algeria, M. Michel Chevalier made
an impassioned appeal in the name of the Algerians for
their political liberties, which they have so long desired.
Let us hope it will not be without effect.
M. Ledru Rollin has written to the I?eveil, and given his
reasons for declining to appear as the advocate for the
Noir family at the approaching trial. He was at first
anxious to do so, but on subsequent consideration he
decided that it would be impossible for him to recognise

the present judges of France without damaging his past
professions. He does not think it would be consistent
for him to plead before these men when he has endured
twenty years of exile rather than appear to sanction their
proceedings by his presence. He appeals to M. Louis Noir
as to whether his resolution is not a just one. M. Louis
Noir has replied to this communication in the
pages of the Beveil and gives it as his conscientious
opinion, that M. Ledru-Rollin is right in his decision.
The Liberte mentions, in connection with this circumstance,
that if the objection to take an oath prevents M. Ledru-
Rollin from inscribing himself on the roll of advocates in
Paris, it will be impossible for him to come forward as a
candidate for electoral suffrage, for that would necessitate
his taking a preliminary oath.
The Opinion Nationale refers to, the language which M.
Rochefort has held with regard to his trial, and says that
before the verdict, the Marseillaise pretended that the
Government wished to rid itself of an obnoxious candi-
date. Now that the trial is ended, M. Rochefort finds
himself aggrieved at not being sentenced to twenty years'
hard labour. There is one course open to him, and that
is to appeal against this minor conviction in order to obtain
ono in accordance with his own imaginary political import-
ance. Those who do not share M. Rochefort's vanity on the
subject believe that the court acted with discretion in the
matter, as six months' imprisonment shewed that the provo-
cations of which he had been guilty would not be allowed to
pass with impunity, while at the same time the political
situation of the offender was respected, and the Chamber
was not deprived of the salutary exhibition of his violent
sallies and total want of all reason.
Considerable excitement has been created in the religious
world by a brochure which has been written by the Abb6
Gratry, a priest of the Oratory, and one of the forty mem-
bers of the French Academy, against the Infallibility of the
Pope. The appearance of this tract has produced a most
unfavourable impression in the Ultramontane circles, and
given rise to great uneasiness.
The brother of Father Hyacinthe, Abb6 Th6odore
Laysor, professor at the Sorbonne, has just published a re-
markable work called " The Assembly of the Clergy in
1682," It is a reply to the Ultramontane assertions and
tile declaration of religious independence by the clergy of
France on the subject of the claims of Rome.