The Sun.
London, England, 1846-03-04 00:00:00

THE SUN' EXPRESS.

SUNDERLAND, Fan. 28.-71 e Sun to- day has outdone all
its Contmporaries, at least with reference to this place. A
small parcel of the morning edition, containing a full report
of the debate up to twenty minutes past three o'clock the
same morning, and the result of the grand struggle betwe en
monopoly and freedom, was received by Mr. Williams, news-
agent, at twenty minutes to five o'clock—three hours and
forty minutes before any other morning paper arrived. Circulars
had been received by some of the news-rooms and other
parties from one of the principal newspaper agents in the
City, stating that parcels from him by express would arrive
at Sunderland at half-past four or six o'clock ; but, from
some cause or other, The Sun parcel by express, direct from
the office, was the only one which arrived. Copies were for-
warded to the news-rooms, and one to the mayor; and the
intelligence of the great victory soon spread through the
borough, and appeared to give pleasure to all—even the old
Tory shipowners seemed to brighten up, with the prospect
of extended exports and imports, and consequent better
freights. All parties acknowledge the greatest obligation is
due to The Sun for the spirit and success of its efforts on
this important occasion.
(From the Somerset County Herald.)
We are indebted to the proprietor of The Sun for an ex-
press edition of his paper containing the division on the long-
protracted debate on the Government measure.

LLOYD'S SHIPPIN G.--(T HIS DAY.)
DELL, MARCH 3.—The Reflector, Manning, arrived In the Downs
from Cuba, experienced a hurricane which lasted three days; 10th
ult., in lat. 41 N., lon. 51 W., lost sails, boats, &c., had six feet water
in her hold, and threw part of cargo overboard.
LIVERPOOL, Miami! 3.—The Portland, WAllister, from Cuba to
London, foundered 29th January, in lat. 26 S., lon. 56 W. ; crew
saved by the Denison, King, at this port. The Ben Lomond, from
toe Clyde to Mobile, which was on shore near Campletown, has been
assisted off, and taken back to Greenock to repair.
CoRK, MARCH I.—The schooner harmony, of Halifax, was aban-
doned 25th January, in lat. 34 N., lon. 58 W., in a sinking state,
BALTIMORE, FEB. 27.—The Volunteer, Reed, from Liverpool to
the Clyde, put back to Bailin*, 27th instant, making water, having
struck on the banks. The Volunteer, Reed, from Liverpool to Ga-
latz, has put in here partially leaky.
FRASER/3VMM, Faa. 28.—The John and Margaret, Edwards, from
Newcastle to Inverness, came on shore in Whitelink Bay this morn-
ing, but has been assisted off, and has come into the harbour.
MARGATE, Altacu 3.—Arrd. Candahar, Calcutta ; 51annion, Cey-
lon ; Switzerland, New York.
SwAsauz.—An English barque of about 328 tons, apparently tim-
ber laden, with loss of sails, and only a reefed foresail set, 12th ult.,
in lat. 33, long. 52, by the Crusader, Labaleatier, arrived off here.

MARKET NEWS.-(THIS DAY.)

CORN EXCHANGE--WEDNESDAY.

We have again to report the arrival of a very moderate supply of
Wheat for our market, consequently the stands wtre barely filled
with samples. Although the attendance of buyers was small the
finest qualities of both red and white commanded a steady sale, at
very hill prices ; while the value of other kinds was readily sup-
ported. For foreign Wheat there was a fair demand but without
anY improvement in value. Holders of Corn under lock
were again firm, and would not sell except at extreme figures.
Malting Barley, the supply of which was small, moved off briskly,
at Monday's prices. In other kinds comparatively little was doing.
The Malt trade was steady, at late rates. Oats were in good request,
at quite as much money; but all other articles commanded very
little attention.

English • .....
Foreign •• • • • •

Wheat.
1,740 qrs.

AItRIYALS.
Barley.
1,521 qrs.

2,610

Oats I Flour.
1,770 qrs. 2,930 sks

Q,460 ars.
vnirrzcstArzz.
The supplies of Meat on sale here being on the increase, the de-
mand was throughout heavy, at barely last week's quotations :
Beef, from 2s 4d to as Bcl ; Mutton, 3s 6d to 4s 6d ; Vaal, 4s tt
4.1 10d; and Pork, 3s 8d to 5s 2d per Sibs by the carcase.

The Marquis sod Marchioness of Ailesbury intend to
proceed this week to Paris ; and we hear that the Noble Marquis
and Marchioness contemplate a sojourn of six weeks in that capital.
The Marquis and Marchioness of Limnd')uderry and
Lady Alexandrine Vane, it Is expected, will leave Holderness House
shortly for Paris, to remain there until after the Easter recess.
PRINCE ALBERT AT RYDR.—On Monday his 1103
al
Highness Prince Albert arrived, in the Fairy steamer, off Ryde,
where he was received by a vast concourse of people, the guns of
the Superb, 80, firing a royal salute. His Royal Highness, accom •
panted by his suite, proceeded to the site of a new building about to
be erected, and there, with the customary ceremonies, laid the foun-
dation stone of the Royal Victoria Yatch Club House. A spectator
observes, " It was one of the grandest days Ryde ever saw ; and the
inhabitants of the island, it would appear from the numbers assem-
bled on the occasion, estimated the ceremony as au event of surpass
ing importance."
The Duke of Hamilton is slowly improving in
health.
His Excellency the Turkish Arnbasador leaves town
in a few days to undertake the duties of Minister of Comn.erce at
Constantinople.

LONDON AND WESTMINSTER
BANKING COMPANY.-(THIS DAY.)
The proprietors of this Company held their usual annual meeting
this day at their offices, Lothoury, for the purpoke of o,,,clarinz
dividend, the rz-election of three tiireet,re ^ho go oat rotatiet:, '
and the disposal of
The chair was taken at one o'clock by
PATRICK _IIAXW➢LL STEWART, Esq., who said, that before sub-
mitting to the meeting the report of the proceedings of
this bank for the year 1845, if they would allow him, he
would say a few words to recal to their minds some if
the characteristics of the year 1845, as the results of establishments
of this kind. He was aware that, in great commercial bodies like
this, dispatch was the life of business, and therefore he would not
detain the meeting by making a long speech.--(Hear, hear.) The
year 1845, it would be remembered, was characterised by a great
abundance of money, a circumstance fraught with great danger to
inexperienced banking establishments, inasmuch as they often expe-
rienced great difficulty in procuring money to pay their dividends, by
reasen of their having placed their money out of reach, by invesring it
in some deaf security from which they were to obtain a higher
amount of duty than from the usual secui ities. But the closing of
the year 1845 was characterised by circumstances diametrically op-
posite to those which marked its opening; and money, Instead of
being abundant and cheap, had become scarce, almost amounting to
pressure on the market. But sack were the principles upon which
the directors of this bank had conducted the business that they had
secured ample funds wherewith to meet all just demands upon them
with liberality to those to whom they were due and with satisfaction
to the proprietary ; while in no instance had they ever violated their
established rule of never re-discounting a bill. - (Hear, hear.)
Judging, then, from the satisfactory state of their affairs for the
past year, it might be said that they could have afforded to pay a
higher dividend than 6 per cent., but the directors had thought it
their duty to the proprietary to still adhere to the usual rate of 6 per
cent., and place the overplus to the credit of the reserved fund.—
' (Hear.) And the result of that fund was that it enabled the directors
to keep up a uniform payment of six per cent., while in years of
scarcity or reverses, which some time or other attended all human
affairs, they had that fund to fall back upon, which in years of pros-
perity it had still continued to accumulate.—(Hear, hear.) The
balance sheet of the rep rt would now be laid before the meeting,
and it would be found that it had been made out in con-
formity with the wishes of the proprietors, and upon a
plan, which in the humble but decided opinion of the directors,
was decidedly the best, namely, that struck out by the Government
as the form for the balance-sheet of the Bank of England.—(Hear,
hear.) By that balance-sheet it would be seen that the Company
had a paid-up capital of 800,0001., which had been sub-
scribed by about 1,000 contributors, which fact gained
them increased confidence from the public, and as it was lodged
in Government security, they had it as a sheet-anchor to windwai d,
against the storms which might assail them.—(Cheers.) And when
the proprietors should take a review of the progressive prosperity of
their establishment for thelast 12 years, he believed that the hopes and
expectations held out at starting would be found to have been fully
and fairly realised.— (Cheers.) There was one other point to which
he would wish to allude, as having been the cause of what
was technically called by monied men a " tightness" in the
money market during the year 1845. lie meant those gigantic
operations called railway schemes, and the necessity for those en-
gaged in them paying up the dividend required by Government.
When this arrangement was made, it never could have been contem-
plated that those railway schemes would amount to the vast extent
they had reached, but the effect of the Government
requiring this amount of deposit was that some of the oldest and
most respectable bankers in London waited upon the Government
to twitter them to altar the rule. and substitUte
Government security or Exchequer-bills instead of money ; nut this
Was refused, and the consequence was that, not taking into
account either Scotland or Ireland, the amount ofdeposits subscribed
in England alone was, he believed, about 11,000,0001. He asked of
the Government in his place in Parliament, that the money should be
lodged in the Bank of England instead of with the Chancellor cf
the Exchequer ; but all alteration of the rule was refused, and the
consequence VI as that a large sum of money was withheld from cir-
culation, to the great injury of the prosperity of this great commer-
cial community. And here he should observe that, but fer the liberal
conduct of the Bank of England, this difficulty would have been
greatly increased, and therefore this establishment was greatly in-
debted to them.—(Hear.) The byegone difficulties they had had with
the Bank of England had all long since been satisfactorily arranged,
and all was now peaee.—(Cheers.) They had peace without and
plenty within, and if that was not a good item to carry to the debit
side of profit and less, he was merely a mammon merchant, and not a
moralist at all. Ile had now to announce that Lord Wm. Douglas
had been compelled by other engagements to resign his seat in the
direction, and they had elected Mr. Thomas Chapman in his
stead.—(Hear, hear.) And in a very little time he hoped
to see other additions made to it from amongst the first com-
mercial companies in this great empire of commerce.—(Cheers.)
The SECRETARY then read the report of the directors, by which it
appeared that the balance-sheet exhibited a 'very prosperous state of
the Company's funds, and that they had on hand, at the end of the
year 1845, a balance of unappropriated profits to the amount of
over 85,0001. The report then went on to say, that—
" The profits of the bank during the past year, after defraying the
current expenses, and making provision for all bad and doubtful
debts, amounts to 66,3441. Is. Out of these profits the directors paid,
last September, a dividend at the rate of six per cent. per annum,
for the halt' year ending the 30th June, and they now declare a divi-
dend at the same rate, for the half-year ending the 31st December.
After the payment of these dividends, making together 48,0001.,
there will remain a surplus of 18,3441. Is. to be added to the reserved
fUnd, which will then amount to 58,2481. 163. 4d.
" The three Directors who go out by rotation, are Joseph Esdalle,
Esq., Sir John Kirkland, and John Stewart, Esq., M.P., all of whom,
being eligible, offer themselves for re-election."
(The meeting had not concluded when our report left.)

SOUTHWARK-(THIS DAY•)

Edward Gordon, a man, about 35 years of age, was placed at the
bar, before Mr Cottenham, charged witk stealing a great coat from
the house of a gentleman named Blackmore, of Charles-street,
Morselyclown.

On Monday morning, about eight o'clock, the prisoner called at
Mr. Blackmore's house, and said he had been sent from the City
with a bottle of ink, at the same time handing a note to the servant,
demanding half-a•crown. While the latter went up stairs to make
inquiries about it, the prisoner decamped with a great coat, value
21* 25., which was hanging in the hall.
Last evening the prisoner went to the house of Mr. Citto, in Free
school-street, Horselydown, and presenting a similar note with a
bottle of patent ink, demanded, as in the former case, half-a crown,
The servant, however, suspecting him detained him, and calling a
policeman gave him into custody. In his possession were found
several notes, of which the following is a copy i--" Received, the 2d
of March, 1846, for a bottle of patent Ink, 2s. 6d., from Thomas
Mason, 14, Fish-street-hill, City."
The policeman said the prisoner answered the description of a man
who had carried on the same trick in various parts of Lambeth, and
he was therefore remanded until Monday.

RAILWAY COMMITTEES
(THIS DAY)

Sub-Committee No. 1.

This Committee re-assembled this morning at twelve o'clock iu
room N 0.7; Mr. Strutt, chairman.
TREATMENT OF THE PRESS.

Upon the gentlemen of the several journals entering the room this
morning they were most disagreeably surprised by finding the seats
which had throughout the whole of the previous sittings of
the Committee been exclusively set apart for their ac-
commodation, taken by the agents, thereby causing the greatest
disarrangement to the gentlemen of the press. Had this
arras gement, or, as we should say, disarrangement, been forced
upon the Committee for their own ease and comfort, it would be far
from our province to complain, hut such is not the case. The seats
occupied by the agents for the four previous weeks were not required
for any purpose, as the chairs were empty during the whole day. The
consequence of this change is, that we are thrown into the back-
ground, where it is impossible for us to hear one word of the proceed-
ings correctly. It is but justice to Mr. Gunnell, the clerk, to state
that the blame cannot attach to him, for he has most kindly, on all
occasions, given every information required by the gentlemen attend-
ing for the press. We trust the Committee will see the propriety of
not impeding the duties of those who attend to furnish the public with
Information of the greatest interest.
TEE SIEREVISMIRY AND lIER,DPORD.

This adjourned case was called on, and the opposition proceeded
with the allegations, but, for the reasons above stated, it was out of
our power to hear any part of the inquiry. Why the press should
have been so inconvenienced, when the Committee had not thought
proper to remove a host of persons (idle loungers) standing between
us and the agents, it is in the power only of the Hon. Members to
explain.

Sub-Committee No. 2.

After disposing of some private Bills, the Chairman called on the
LEEDS, WAKEFIELD, AND MIDLAND

JUNCTION.

The object of the promoters of this Bill was to construct a railway
Irons the Midland Railway at Chevet Tunnel, near Wakefield, to
Leeds, in the West Riding of the county of York. The amount of
capital was 400,0001. ; the length of the hue, 9 reflex, 4 inches, and
2 chains.

The Committee having heard the formal evidence, declared that
the standing oraers had been complied with.
Engineer, Mr. T. Swanwick ; surveyor, James Alexander, Esq. ;
Parliamentary agents, Messrs. Ilulmer and Dunsford ; solicitors,
Messrs. Scholey, Stewart, and Webster.

SHREWSBURY, OSWEST roc, AND CUES—
TER MAT CTIO N AND NORTH WALES
MINERAL RAILWAYS AMALGAMATION
The object of the promoters of this Bill was to obtain powers from
Parliament to effect the junction between these two Companies, and
set forth that the same would lead to a more efficient and economical
arrangement of the affairs.
The formal evidence having been heard, the Committee found that
the standing orders had been complied with.

LONDON', rausToL, AND SOUTH lITALIIS

DIRECT.

The object of this Bill was to connect London and Bristol by the
shortest line, and with South Wales. The length of the proposed
line was 36 miles, and the amount of capital 674,0001.
Engin.,er, Mr. T. Giles; solicitor, Mr. Nathan Giles ; Parlia-
mentary agents, Messrs. Dorrington and Elllcombe.
The formal evidence having been heard, the Committee decided
that the standing orders had been complied with.
This being the last case on the list, the Committee adjourned,
shortly after two o'clock, till twelve o'clock to-morrow.

Sub-Committee No. 3.

This Committee met to-day at one o'clock. There were present
Mr. Aglionby (the chairman), Mr. Thornely, Mr. Edwaid Buller,
and Mr Stansfleld.

LYNN AND ELY (SPALDING EXTENSION).
The Committee resumed their consideration of the petition for this
line.

Mr. VENABLEC contended that the 23d standing order had not been
complied with, inasmuch as the plans were deposited with the
clerk of the peace for the Isle of Ely, whereas, they ought to have
been deposited with the clerk of the peace for the county of Cam-
bridge. The Isle of Ely was not a county, nor a division of the
county of Cambridge, although it had a clerk of the peace wko ex-
ercised a jurisdiction independent of the county of Cambridge. The
borough of Liverpool had a clerk of the peace who was uncon-
nected with the clerk of the peace for the ceuuty of Lancaster,
but it could never be pretended that a deposit with tho clerk of the
peace for Liverpool 'ft as sufficient for that county.
The CHAIRMAN over-ruled the objection, and decided that for all
the purposes of publicity, and according to the true meaning of the
standing order, it had been properly complied with.
The petition for leave to bring in the Bill was then declared to
have been proved.

LYNN AND ELY (MARCH ELICTENSZON).
This was a petition for leave to bring in a Rill to construct a branch
railway from Wisbeach to March, in the Isle of Ely. The cost was
estimated at 60,000/. . . .

,„.... ... ,
The usual formal proofs were gone into, and the Committee de•
cided that the standing orders had besa duly complied with.

Sub-Committee No. b.

Th: Committee met at twelve o'clock—present, Mr. Home Drum.
mond (Chairman), Mr. Forbes Mackenzie, The O'Conor Don, and Mr,
Compton.

MANCHESTER AND POOLE RAILWAY,

In this case, which was before the Committee yesterday, and stood
over on an objection raised respecting the sufficiency of the notices
for application, published in the respective newspapers through which
it was proposed to pass,
The CHAIRMAN said, when the case first came before them, he had
expressed an opinion that it was not necessary to prove the publi-
cation of notices in counties through which other lines in connexion
with it had to pass. He alone was responsible for taking such a
view of the question, for he considered that the additional notices
would be superfluous. But, considering the Bill now before the
Committee which contained some clauses amending other Bills, he
had consulted the Chairman of the Committees, all the Members of
the present Committee being present at the conference. The unani-
mous opinion of the Committee was, that there should he other
notices given on account of the amendments proposed, as in the case
of a third-class Bill.

Mr., Macxzwzia said with respect to third-class Bills, notices
should be given within the district, to which clauses 8 and 9 referred,
and that notices for a second-class Bill, in all the districts through
which the new line was proposed to pass, like that of the 3lanches-
ter and Poole project.
The Cuaramen said, in reply to a qut stion front Mr. Coates, that
there was no objection to mix up notices given of second and third
class Bills.

The committee then decided that., with the exceptions already
noticed, the standing orders had been complied with.

Sub-Committee No. 6

This Committe resumed its sittings at twelve o'clock this day,
there being present Captain Jones (in the Chair), Mr. Deedes, and
Lord Ebrington.

The following additional Bills have been referred to the Com-
mittee :
The North Union (Harwich Branch) Railway.
The Leeds, York. and Midland Junction Railway.
The Manchester and Hyde Railway.
The Bristol and Birmingham and Midland Railway.
The Birmingham Railway (Tring to Banbury).
The Bristol and Gloucester, and Birmingham and Gloucester
Railways.
The Chester and Birkenhead Railway.
'I he Newcastle and Darlington Junction Railway (Pontop and
South Shiells Railway Purchase).
The London and Birmingham Railway (Birmingham Extension).
The Leicester and Birmingham Railway.
The East Coast Railway.
The Northampton and Bedford Railway.
The London and Birmingham (Leamington Extension, and Coven-
try and Rugby Stations Enlargement) Railway.
The Landon and Birmingham Railway (the Aylesbury Purchase).

The Sheffield, Ashton-under-Line, and Manchester Railway Com-
pany Amalgamation.
The Midland Railways (Birmingham Extension).
The London and Birmingham, Grand .Junction Purchase.
s,,,rneld and Mn.,,ol]..snire Exl.-maier.
EouthampOn
The Guildford, Chichester, and Portsmouth hallway.
The Rochdale Canal and Manchester and Leeds Railway.

PRIVATE COMMITTEES.
(THIS DAY.)

Sub-Committee No.

This Committee met to-day at half-past twelve o'clock. The
members present were Sir J. Y. Buller (Chairman), Mr. Bell, Mr.
Walker, Mr. Yorke, and Mr. Kemble.
The Committee, in conformity with their determination, noticed
yesterday, proceeded with the unopposed Bills.
Harrogate Gas Company and Harrogate Water-works Company.

The formal evidence baying been heard, the Committee found that
in the cases of these Bills the standing orders had been complied
with.
The York Improvement Company.
The Committee found that the standing orders had been complied
with.
The New Zealand Company.
The Hartlepool Gas and Waterworks Company.
The Committee found that the standiug orders had been complied
with in the case of these two Bills.

The Pillginwilly Waterworks Company was postponed till to-
morrow.
The Liverpool and Harrington Waterworks Company.
The object of this Bill was to amend their Act, and the Committee
found that the standing orders had been complied with.

IMPERIAL PARLIAMENT.

(THIS DAY.)

HOUSE OF COMMONS.
The SPEAKER took the chair at a few minutes past Twelve
o'Clock.

SECOND READINGS.

The following Bills were read a second time, and ordered to
be committed ; viz. :
Midland and Eastern Counties Railway (Cambridge to
Weedon.)
Deeside Railway.

Great North of Scotland Railway (Eastern Extension.)
Alford Valley Railway.
Edinburgh and Northern Railway (Dunfermline Branch.)
Newmarket and Chesterferd Railway.
Enfield and Edmonton Railway.

Leeds and York Railway.
Llvnvi Valley and South Wales Junction Railway.
Hertford and Hatfield Railway.
Richmond Railway (Kew Branch).
Clitheroe Junction Railway.
A messenger from the Lords announced that their Lord-
ships had agreed to the Irish Drainage Bill.
Mr. GREENE moved for leave to correct a clerical error
in the Wishart and Coln-wag Railway, which ought to have
been done on the second reading.—Leave granted.
Lord DALMENY presented a petition from the inhabi-
tants of Stirling, for the immediate repeal of the corn-laws.
Mr. S. CRAWFORD also presented a petition from the in-
habitants of Heywood against the enrolment of the militia,
and another petition from a person named Bull, for a further
extension of the suffrage.
Mr. GROSVENOR presented two petitions from places in
Tipperary against the repeal of the corn-laws.
Mr. C. BULLER gave notice of a motion for leave to
bring in a Bill to prevent vexations objections to votes on the
registration.