The Sun.
London, England, 1846-02-06 00:00:00

LON DON, FRIDAY, EVENXN

No. 16,686.

BRITISH INSTITUTION, PALL-MALL.
The GALLERY, for the EXHIBITION and SALE of the
WORKS of BRITISH ARTISTS, will be OPENED on MONDAY
NEXT, the 9th instant.

Admission, is. Catalogue, is.
WILLIAM BARNARD, Keeper.

QACRED HARMONIC SOCIETY, EXETER-
HALL.
On :FRIDAY EVENING, February 20, 1846, will be performed
HANDEL'S ORATORIO, SAMSON.
Principal Vocal Performers, Miss Birch, Miss M.fß. Hawes, Mr.
Braham, Mr. Leffler, and Mr. IL Phillips,
The Band and Chorus will consist of above Five Hundred Performers.
Tickets 3s. each, Reserved Seats 55., may be obtained of the prin-
cipal Musicsellers ; or of Mr. Bowley, 53, Charing-cross; Mr. Ries,
102, Strand ; or Mr. Mitekell, 39, Charing-cross.
TROIS. BREWER, Hon. Sec.

ROYAL Pk_UATECHNIG INSTITUTION,
Lectures ea CHEMISTRY, with Uri Must Experiments,'
by Dr. Ryan, daily at half-past Three, and on the Evenings of
Mondays, Wednesdays, and Fridays, at Nine o'Clock. A Lecture
on the ATMOSPHERIC RAILWAY, by Professor Bacheffner, a
Working Model of which, carrylvg several persons, is exhibited
daily. The additions to the OPAQUE MICROSCOPE, DIS-
SOLVING YIEWS, and CIIROMATROPI are very effective. The
PETSIOSCOPE. Submarine Experiments by means of the DITER
and DlYlNgli BELL. Among the various additions to the Working
Models is Coleman's NEW AMERICAN LOCOMOTIVE ENGINE,
for ascending and descending Inclined Planes. A magnificent Col-
lection of TROPICAL FRUITS. Mr. Dovrne, the celebrated Flute
Player, will take part in the Mastic, eenducted by Hr. 'Millis. Open
front Eleven to Half-past Five, and front Seven to Ealf-past Tel In
the Evening._ _ _

TII E T ONTI NE
OM PAN LIFE ASSURANCE I
C.
(Provisionally Registered.)
Capital 2,000,0001., in 100,000 Shares of 201. each.
The plan of this Company offers considerable and peculiar advan-
tages to the shareholders. In addition to the profit arising from Life
Assurance transactions, it is proposed to raise a capital of 1,00%0001.
or upwards by the grant of Tontine Annuities in classes, to be regu-
lated by the ages of the subscribers or their nominees, which capital,
on the death of the survivor in each class, will be divided exclusively
among the shareholders.
The principle of the Tontine Annuities is as follows:—Ii 1,000 per-
sons subscribe 1001. each, they or their respective nominees, being
of an age to enter the class, from 45 to 50, at which the Annuity
would be about 61. per cent., each subscriber or nominee will, during
the continuance of all the lives, receive an Annuity of 6/. ;
but as the lives drop, the Annuity of the deceased parties
will be divided amongst the survivors until they are reduced
to six, each of whom will then receive 1,0001. per annum for life;
but as they respectively die off, the 1.6001. which he or she received
will fall into the funds of the Company, for the benefit of the share-
holders.

The classes containing younger lives will receive a lower rate of
annuity ; the older a higher rate.
This mode of investment, while it will afford ample funds for the
promotion of Life Assurance transactions, will further enable the
,Company to guarantee to persons borrowing money upon approved
security, and effecting a policy of assurance, to be assigned
as a collateral security, that so long as the interest on the money
lent and the premium ou the policy regularly paid, the money lent
shall not be called in till the precise amount accrues by the failure of
the life assured.
Applications for shares and prospectuses to be made to Mr. Charles
Edmonds, Stock and Share Broker, Sun-court, Cornhill ; and Mr.
Charles Barker, at the Temporary Offices. 46, Lincoln's Inn-fields.

'CLERICAL, MEDICAL, AND GENERAL
LIFE ASSURANCE SOCIETY.
78, Great Russell-street, Bloomsbury.
The ANNUAL GENERAL MEETING of Proprietors will be held
at the Office of the Society, on THURSDAY, the sth day of March
next, at One o'clock precisely, at which meeting six Directors and
one Trustee will be elected. •
"Any Proprietor desirous of.proposing a candidate for the office of
Director or Trustee, must send the name of such candidate to the
Secretary at least fourteen days before the day of meeting.
The balldt will commence at Eleven and close at Two o'clock.
GEORGE H. PINCKARD, Resident Secretary.
February sth, 1846.

THZ TWELFTH ADITION.

Just Published, is a sealed envelope, price 2s. 6d., and seat free, on

OrderW o foru ut rrn
i
A NIA
yreceHiptEofAa oii
LPolt-H:
a pp to
31, the Concealed Cause of its premature
thins for its Complete Restoration. Addressed to thaw suffering from
the•kestructive consequences of excessive indulgence, terminating is
liteitztid and Nervous Debility, Local or Constitutional Weakness, In-
digestion, and Consumption. Including a comprehensive Dissertation
MARRLAGE, Incontinence, and Celibacy. Illustrated with
On
Cases, /cc.
By C. J. LUCAS and Cs., Consulting Sargeons,
No. 60, Newman-street, Oxford-street, London.
And sold by Brittain, 11, Paternoster-row ;J. Gorden, 146, Lea-
deniiall-street ; and all Booksellers.
CAUTION.—Complaints having reached us that several persons
wishing to purchase our work, entitled " Manly Health,
have had
placed in their hands a fraudulent infringement of our copyright, pro-
duced by illiterate and dishonourable mos, and which, though bearing
a close resemblance of title, is utterly valueless ; 'vs deem it a duty,
by way of protection, to 'Ratios the public against being duped t
such base imitations.
Persons desirous of obtaining the above work, and not whaling to
apply to a bookseller for the same, may, to insure secrecy, have it
direct from the Authors, by enclosing 35. old., or Postage Stamps.
" The best of all friends is the professional friend, and in no shape
oan he be consulted with greater safety and secrecy than in " Luca
on Manly Health."—The New Bell's Weekly Messenger.
Messrs. Lucas and Co. are to be consulted frem Ten till Two, and
from Five till Eight in the evening, at their residence, No. ISO, New-
man-street, Oxford-street, London, and country patients may be
suocessfally treated, on minutely describing their seas, and enclosing
the usual fee of 11. for advice.

DESTRUCTION OF AN EXTENSIVE ENGINE BUILDING
MAMUFACTORY.--..NEWCASTLEUPON.TYNE, FEB. 3.—About
four o'clock this morning a fire was discovered in the ex-
tensive ,manufactory of the Messrs. Hawthorn, situate at
the Forth Banks, near this town, which has not been got
under without doing great damage. It broke out in what
is called the pattern and fitting-up shops, and it is said
nearly all the valuable patterns have been consumed ; and
four or five locomotive engines, in a very forward state,
which were in the fitting-up shops, have been rendered
nearly useless. The origin of the fire is not known; it can
scarcely be supposed to be the work of an incendiary, as the
Messrs. Hawthorn are deservedly most popular with the
whole of their workmen; one of the latter, however, who
was seen to enter the pattern shop with a candle shortly
before the fire was discovered, is in custody. The loss is
estimated at from 10,000/. to 15,000/. ; the premises were in-
sured, but not the engines.
IMPOSING P ttOTECrION PETITION.— WATLINGTON.—
_ _ . .

On Thursday se'nnight many of the inhabitants of this town
were surprised at the plan adopted by the adherents of the
continuance of the corn-laws, which was to them a system
unp.recedented in the history of petitioning, by observing a
person posting hand-bills in every conspicuous part of the
town, ,written throughout in capital letters of a large size,
calling pn the inhabitants to sign petitions, lying at the Hare
and Hotwds Inn, for protection to agriculture, and in favour
of native industry. We had the curiosity to inspect this im-
portant document, after lying on the table for seven days,
and found there were attached thereto forty-two signatures
of parties living in fifteen different parishes, comprising a po-
pulation of many thousands.—Oxford Chronicle.
The Commissioners of her Majesty's Woods and Fo-
' rests have ordered the pathway under the marble archway
At Buckingham Palace to he covered with Mr. court-yard
India-rubber pavement, similar to the Admiralty court-yard.

MONEY MARKET and CITY NEW S.

CITY, THURSDAY EVENING.
HERALD.—There can be no longer hesitation in assuming
that the transfer of the railway deposits is so nearly completed
that there is no further risk of deranging the Money market
by the operation. As far as respects the Public Securities,
the orders for re-investment have exceeded the orders to
effect sales both yesterday and to-day, and the consequence
is a further advance in prices. Throughout the operation,
however, the transactions in the Public Securities have, after
the first offset, been so equally balanced;that they have pro-
duced none of the anticipated convulsions in prices, and the
inconvenience, as we have repeatedly shown, has fallen chiefly
on the commercial interest.

What now remains to be put to the proof is the repay-
ment of loans made on securities by the Bank of England,
the directors of which institution are admitted on all hands
to have conducted the business with prudence and liberality.
The accommodation they have given, both by way of dis-
count and on loan, has been at short dates compared with
the ordinary course of business; but there is no doubt but a
reasonable extension of time will be given when the periods
expire as circumstances render it necessary.
Sash a strong impression had the overcharged• anticipation
of difficulties with the railway deposits produced in the
country, that the banks that had no direct connexion with
railway business, as well as those that had, have for a
month, past generally retained considerable surpluses of
money unemployed, in order to be prepared for the dreaded
catastrophe. The usual sources of discount by the• large
houses in London were thus temporarily dried up, and it is
matter of astonishment to every person conversant with the
customary routine of business in the metropolis that the
mischief thereby done has not been much greater than has
yet appeared.
As far as matters have as yet been developed, it, however,
proves the justice of the distinction we drew at an early
period of the past year between the railway speculations and
those that took place in 1824-5 and 1835-6. We showed
that the fact of the railway mania being limited to that
matter alone, without being extended .144,..-cu,utmereial cum-
modifies, so as to enhaiice their money value, would most
materially soften the reaction compared with the other two
periods with which the parallel was drawn, and the result
has so far established the correctness of the position.
We may now expect the discount business gradually to
return to the usual channels, and the process will be accele-
rated by the distribution of the funds of defunct railway corn
panies, that must now melt away by hundreds.
The proprietors of the London and County Bank held their
annual meeting to-day, when, the directors exhibited their
accounts for the year ending the 31st December.: Our readers
will recollect that we had occasion, at a former period, to call
attention to the relative small amount of the paid-up capital
of this institution, compared with the number of its branches,
and the opinion we gave that it would be prudent to increase
it whilst the Money Market was easy, in order that they
might be better prepared to meet a pressure. This view has
been acted on, and the capital lies now been increased to up-
wards of 200,000/., and the statement of the accounts will
show that the bank has been managed throughout the past
year with greet prudence and circumspection. It will be
seen that the proprietors are now about to reap the benefit of
that good management in a dividend of 5 per cent., clear of
the income-tax, leaving 5,556/. to be carried to the reserve
fund.
It will be probably recollected that the London' and County
Bank was involved in a most vexatious lawsuit, by the
failure of the firm of Thompson and Colts, bill-brokers. It
was at one time eupposed that the bank would lose nearly
40,000/. by the securities upon which they had made ad-
vances; but some time ago they compromised with. the par-
ties to the action, and the said securities have now so much
advanced in value, that' the ultimate loss will be a mere
trifle compared to what was expected in the first instance.
Altogether, therefore, the affairs of this bank must be con-
sidered as standing in a favourable position, and it is, at the
same time, worthy of notice, that throughout the whole
period that money was at a very low value,• they continued
to pay interest on deposit and currentaccounta.
CHRONICLE.—The opinion we expressed yesterday, that
the pressure for money had passed its strength, has been con-
firmed to-day. Discounts are still difficult, but the Funds
have experienced a further advance of nearly ,4 per cent.,
and Exchequer- bills are also higher. We hear that the pay-
ments to the Accountant-General by railway companies
amount to 9,000,000/. From that to 10,000,000/. was our
estimate from the commencement. We held that to be the
fair estimate of the amount that would be actually paid to
the Accountant-General, when others, who spoke with much
assumption of official authority, would not • condescend to
name the gross amount at less than 30,000,0004 The same
parties, it is true, have lately stated the amount paid in fur
railway deposits at not more than 5,000,0004 The
purchases
made to •day by the broker for the Court of Chancery have
been equal, it is said, to 500,0001. They t.ave been effected
for behoof of railway committees', who are now re- investing
the Mock and Exchequer-bilk which they had
.previously
sold to enable them to make good their deposits to the Ac-
countant. General in money. In 'addition to the support
which the Stock and Exchequer-hill market received from
these large operations, the executors of a very wealthy mem-
ber of the Stock Exchange, lately deceased, made extensive
purchases.
The movement was almost exclusively craned to the
English Funds. We quote rather better prices for• registered
railway shares; but the business done was extremely limited,
and until the report of the Select Committee be made known
is likely to remain so.. It is said that the members of that
Committee are greatly divided as to the proper course to be
pursued. We are not surprised at this, and shall be more
surprised if they should ever arrive at anything like unani •
mity. But be that as it may, it is most desirable that the
result of their labours should be made known without delay.
The pronioters of railway companies will then know the best
and worst of their position, and will be enabled to decide
whether to proceed with their Bills thisse:.sion, or to leave
them over to another and more convenient season.'
POST.—Some large purchases of Stock and Exchequer-
bills were made in the course of the day. The Chancery
broker was the principal buyer. He laid out several hun-
dred thousands in Consols and Exchequer bills, for account,
as it was understood, of the railway companies. The Bank
broker made purchases of Three per Cent. Reduced, and
Three-and-a-Quarter per Cent. stock, and the consequence
of these and other considerable investments, was a further
advance in prices. Consols, which rose 3/4 percent. yesterday,
were done at an equal rate of improvement to-day, so that,
within the two days only, the unusually large advance
of :1% per cent. has been realised, and from the circum-
stance of the markets having closed at the highest
prices of the day, the chances appeared to' be rather
in favour of a further movement in the same favourable
direction. The Bank Directors had their weekly meeting,
but separated without making any: alteration in their rate of
discount, which continues, therefore, at a minimum of 3%
per cent. This had probably some little influence on the
markets, but the fact that the Accountant-General is con-
verting the deposit moneys of the railway companies into
stock and Exchequer-bills operated as the principal stimu-
lus, as it may be inferred from the adoption of so bold a
course, that Government prefers risking any loss that may
perchance arise from a resale to the other alternative—that
of keeping a large sum of money locked up in the Bank of
England, to the injury of commerce and the revenue. It
would be absurd any longer to entertain the question of de-
posits as one that can exercise a sinister influence on the
Money-market. To-morrow (Friday) will be the, last day
allowed for paying up the amounts called for by the stand-
ing orders, subsequently to which the sums provided for the
purpose must, as a matter of course, gradually return into
circulation.

TIMES.—The intelligence from India and China, received
in anticipation- of the overland mail, and published :exclu-
sively in the Times of, this morning, was read with much
interest in the City. The perfect detail of information so
furnished was everywhere a matter of comment, and gave
universal satisfaction to those connected with the commerce
of the East. The success of the Trieste route now appears
to be considered established, much to the chagrin .of those
parties who have hitherto advocated the superiority of the
Marseilles journey. The Triton, belonging to the General
Steam Navigation Company, was the vessel that brought
the express from Ostend, and well she performed her part of
the passage. The commercial intelligence by this arrival is
not encouraging to trade. British manufactures had de-
clined in price, in consequence of the scarcity of money and
the war in the Punjaub ; but, fortunately, at the latest dates
more easiness existed, and the banks showed a better feeling
to the mercantile interest. The value of rice continued to
advance, the accounts from home being favourable to the
article. The Governor of the Mauritius had also offered ad-
vantageous terms for a supply of the grain, a scarcity being
apprehended in that island.

THE PROTECTIONISTS OF
BERKSHIRE.

NEWBURY, THURSDAY.—A meeting of several members of
the County Protection Association was held here this after-
noon in the Town Hall ; the Mayor, as chairman,
pre-
siding over between 400 and 500 landowners.
Mr. MOUNT proposed the first resolution expressive of
alarm at the abolition proposed by Sir Robert Peel.
Mr. Tuu. proposed the second, to the effect that alias in-
ferences of the Premier, the Cabinet, the League, and the
people, were erroneous. These having been duly seconded
and put to the meeting, wereiof course in the most business-
like way carried. But the third resolution appeared to be the
favourite : it was to the following purpose :—" That the re-
lief held out by Sir Robert Peel to the agricultural body as
a compensation for the abolition or great reduction of the
of
ttheseh e tc
ahocukglinh sagacioustfs hoped their
ofemen.
the
farmers'
gentduties on foreign corn is altogether illusory and inadequate."
One expression used by Mr. LONSLEY, the proposer, is in-
geese; the
cackling of 'geese had saved Rome, and u
1 id
speechi ce a toib
esese
rolyfv
eetdrhe e
thatanvo hge r
ee
cackling might yet save the country from its threatened
ruin. Sir Robert Peel had been nurtured by the agricul-
turists, and had now, like a viper, turned and stung them.
They could do very well without him. Talent without prin-
ciple could never be usefal ; it was dangerous to any coun-
ta
more logic
than
free-traders
try.—(Cheers.)
After much enthusiasm, the meeting separated at a late
hour.

King's Arms
„
Commissioner
COMMISSION OF LIJNACY.—un inursaay a commis-
osi I:redren
Winslow.and a special jury, to inquire as tofu he state of mind
faHnaigtihco-sittreettndKeenswinasgtoonp,enbeedforact
mthre.
of Thomas James Selby,
sq., aged forty- ur, formerly an
eminent solicitor in London and Margate, and well known as
a member of the Royal Thames Yacht Club, and proprietor
of the once celebrated Lady Louisa yacht. The commission,
which was unopposed, was taken out by the unfortunate gen-
tleman's housekeeper, his next of kin declining to interfere.
In supprt of the commission appeared Mr. Barron, solicitor,
of Bloomsbury-square, and who, having briefly opened the
case, called Mr. Charles Hovill, surgeon, of Canterbury, who
stated that he was first called to attend Mr. Selby at Can-
terbury on the 14th of July last, and found him labouring
under most extraordinary delusiors. He imagined that be
was extensively engaged in sports, Particularly hunting,
shooting, and yachting, and that he had very large preserves
of game. That he had 100,000 guns, and a yacht to take a
large party to St. Petersburgh, and thence to Turkey, and at
other times twenty yachts, for the same purpose, in which he
meant to take fifty people to St. Petersburgh, and thence
overland, yachts and all, to Turkey. He also said be had
been beaten for seven years by five men, for which be had
brought actions, and recovered 100,0001. from each of the five.
He was decidedly of unsound mind, and witness believed it
had been chiefly impaired by a fall from his horse. Dr. Wm.
Maddox Bush. of Kensington House, and Dr. Philp, of Gros-
venor-street, gave testimony to a similar effect. It was un-
derstood that his mind was first impaired by the receipt of
a fortune of 17,0001., left by his late father. The jury re.-
turned a verdict, dating the unsoundness of mind from the
14th July, 1845.