The Sun.
London, England, 1846-06-12 00:00:00

TR EYEN'ING,

" completes the rising of the entire nation, with
scarcely the exception of one isolated town."

Madrid papers of the 6th have arrived. The
brothers CABRAL arrived in Madrid on that day.
M. BIICHENTAL, who had been banished by Alt-
VAEZ, has returned to Madrid.

MAnzin Bous, Ju:a 6.—Thre2 per Cents. 83i i
to I cash.

Intelligence from Rome to the Ist instant has been
received. A fierce struggle is expected between the
Austrian and French interests in the approaching
election of Pope. It appears that the former Power
rather stands in dread of the intrigues of M. Rossi,
the French Ambassador, who is denounced by those
favourable to Austrian influence as the " able and
wily agent of the egotistical policy of France." The
news of the insurrection in Portugal had excited a
great sensation in Rome.

We have received the Paris papers of Wednesday.
On Tuesday the Chamber of Deputies resumed the
discussion on the state of Algiers. '['he principal
speakers were M. FERDINAND BARROT and M: DE
TOCQUEVILLE. We give a resume of the arguments
of M. DE TOCQUEVILLE from the Presse :
"What," asked M. DS TOCQUEVILLE, "is the real
state of Algeria ? What is the evil ? What the
remedy ?" and, remarks La Presse," These questions
M. DE TOCQUEVILLE examined with singular talent
and close analysis :"

" The real state is to be found in the three facts which
we have so often had occasion to expatiate upon. Ist. The
war in Africa is an embarrassment, and no longer a danger.
2ndly. Colonizing by means of the native population is a
chimera. 3dly. A fact to be resolved hereafter comprises
the whole future destiny of our establishment—viz., the
arrival in Africa of a large European population? Where is
the evil ? It is in the constant incorrectness of the official
information given to the Chamber upon the state of our
affairs in Algeria. The Ministerial pictures are seducing,
but, unfortunately, are false in every particular. ' Cultiva-
tion there is none; colonization, real and active, tbere is
none; produce is at an end; in the villages one-half
the inhabitants are dead, and the other half dying from
starvation. The evil is, moreover, to be found in the
obstacles opposed to all individual: endeavours, and in the
absence of all the guarantees which should protect interests.'
On this point M. de Tocqueville quoted a very important
fact, which seemed to make a lively impression on the Cham-
ber. There are colonization societies in Switzerland, and
these societies say to persons who consult them before they
emigrate:—' You may safely go to Algeria; the soil is
good and fruitful—the climate is holesome and agreeable.
But there is no Government, nor guarantee, nor pro-
tection ; and you will find there nothing but misery and
death.' When we reflect that every year thousands of
men expatriate themselves over every part of America, what
regret we must feel in reflecting on the position in which
misgovernment has placed Algeria, and under which it has
so long groaned. The remedy, which M. de Tocqueville as
well as ourselves, has so often repeated, is to be found in the
institution. He combats the pessimists, who see everywhere
insurmountable difficulties, whilst the difficulties against
which we contend in Africa are exactly the same as present
themselves in the infancy of all new stutes, and are to be sur-
mounted by having recourse to the same means."
M. DE TOCQUEVILLE concluded in favour of the
appointment of a Special Department and Minister of
Algeria.

The subject of the election of Pope is commented
on in the Opposition journals. The Courrier Fran-
cais after alluding to the fruitless endeavours of
France to procure for the Roman citizens municipal
liberties and the abolition of exclusive privileges, de-
clares that, in spite of M. GUIZOT and the reactionary
men who may succeed him, French liberty will,
sooner or later, emancipate Italy, and restore to the
Papacy its real character and mission.

"The news announced," says the Epoque, "by several
journals, that a re nissim of the rest of their punisament has
been accorded to General Montholon, the Englishman Field-
ing, and Lieut. Aladenise, the three last companions of the
captivity of Prince Louis Napoleon, is entirely unfounded.
There has been neither pardon nor, as was stated, even pro-
mise of pardon, after the trial of Doctor Conneau. General
Montholon is detained at Ham, Fielding at Versailles, and
Aladenise at SL Pelagie."

The Duke D'AUMALE arrived at Algiers on the
2d of June. During the course of his campaign he
received the submission of many Arab tribes. On the
same day General Yusu' returned to Algiers
with four hundred and fifty horses, which he
had levied as a fine on the tribe of Ouled-Nayls. The
war has ceased in every direction in Algeria, and the
troops are enjoying a little repose.

The Three per Cents. closed on the Paris Bourse on Wednesday at
83f. sc. ; the Five per Cents., at 120 f. 20c. ; the Orleans Hailroad
shares, 1,255 f.; Rouen,ll,o2of ; Havre, 745 f.; Great Northern, 742 f. 50c.;
Avignon, 8951. ; Vierzon, 6371. 50c. ' • Bordeaux, 6051.; Boultygne, 462 f.
50c. ; Troyes and Montereau, 3901.;Basie, 2201.; Fampoux, 4171. 50c.;
Dieppe, 4151.; Paris and Strasburg, 5071. 50c. ; Tours and Nantes,
5151. ; rails and Lyons, 545 f. ; Belgian Two-and-a-Half per Cents.,
56% ; Spanish Three per Cents., 38.
The following are the quotations in the new lines :—Lyons and
Avignon, Definitives, 5181. 75c. ; Bordeaux and Cette, Definitivs,
5051.

IA-mss, JUNE B.—Marseilles and Avignon, 885 f. ; Paris and 01
leans, 1,245 f.; Lyons, 541 f. 25e.; Great Northern, 737 f. 50e.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE

LONDON STOCK EXCHANGE, JUNE 11.

Boulogne and Amiens, 11—Bordeaux, Toulouse, and Cette (Espe •
Leta), 1 —Central of Spain, Ili—Dutch Rhenish. 73,i —East Indian,
,d—Louvain and Jemappe, —Luxembourg, 1% —Namur and
Liege, 33 —Northern of France Constituted, 14 IA —Orleans and Vier-
zon,ls—Orleans and Bordeaux, 9yB —Paris and Lyons Constituted.
6 Paris and Rouen, 39%—Rouen and Havre, 213%—Sambre and
Meuse, 4,

MAP OF THE BASIN OF THE PACIFIC.—Mr. James
Wyld has just published a large map of the basin of the
great Pacific Ocean, showing the American and Asiatic
shores and the groups of the Australian and Polynesia❑
Wands. At the present time the publication of such a map
is of great value, showing as it does the whole Oregon terri-
tory, and its relative position to the British possessions. India,
and China. In the event of a war on the subject of Oregon,
the Sandwich Islands, the possession of which our Govern-
ment refused some two years since, will become of immense
importance, situated as they are in the direct coast to
Oregon, India, China, New South Wales, and New Zealand.
Should the project of cutting through the Isthmus of Panama
be carried into effect, the French possessions in the Marquesas
will become valuable : we doubt, however, whether the
Isthmus will ever be cut through, and even if should, the
route to Australia, proposed by Lieutenant Waghom, via Sin-
gapore, appears to be in every way preferable to the route
via Panama. Our magnificent colonies in Australia and
New Zealand are here accurately delineated, and seeing
their relative position to India, to China, and to America, it
is impossible to exaggerate their importance. As a work of
art this map is beautiful, and as a work of refer:nce it is
invaluable.

MONEY and COMMERCIAL NEWS.
CUT, QUARTER TO THREE.
The Cotton market at Liverpool yesterday was steady, but
not lively. Sales, 4,000 bales, at previous rates. Shares con-
tinued dull.
The embarrassments of individual,, whether scripholders or
committeemen, we are glad to learn from various quarters
are being gradually lessened, though we feel assured that in
! respect to the proceedings of the managing directors of many
schemes there is yet much to be settled. It never can be ex-
pected. while there are any men of public spirit, or any men dis-
posed to resist the wholesale squandering of their funds against
their expressed wishes, that matters will be allowed to go on
without some attempt to obtain justice. Without in any de-
gree prejudicing a case now before the Court of Chancery,
we think it highly desirable to call attention to it, as affording
to shareholders similarly situated a hint as to the proper
means of obtaining satisfaction, or, at any late, of seeking it,
which, to men who act upon principle, is sometimes
little less consolatory. In the case in question,
a railway company is carried on, although the requisite de-
posits are not completed, the committee withholding shares
for their own purposes, or in order, as is stated, to realise a
premium. B ,sides this, the funds of the company were em-
ployed to " rig up" the prices in the market, and
the Bill was applied for, contrary to the ex-
pressed wishes of the shareholders, who threw it
out by petitioning after it had been read a third
time. Such are briefly the alleged circumstances, and it is
now sought to prevent a return of the- deposits lodged with
the Accountant- General to the Committee accused of such
illegal practices. The cases parallel to this are extremely
numerous, as we are assured by many who must be con-
versant with them, and we hope the result will be in favour
of the shareholders.
in the English Stocks there is a change for the better to-
day, and the interest of those who have profited by the late
reaction may be now to rally prices. Consols for the open-
ing have been 9517 i to 9514 ; Exchequer-bills have been
quiet at 16s. premium ; the New Three-and-a-Quarter per
Cents. have been marked 96% to 97; and the Three per
Cents. 95 to 4.
The Foreign Bonds have been steady, and there is to be
be noted especially the firmer appearance of Portugue.se
Stock, the Three per Cents. being 46, and the Four per Cents.
47; Dutch Four per Cents. are 91%; Mexican Five per Cents.
have been quoted, 28% to 29; and the Deferred, 161/2 to
163/ ; Brazil New Bonds are 80 to 82.
With stocks we have also had some improvement in rail-
way shares and scrip, and there is more doing.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Three per Cent. Reduced Annuities :. 95%
New Three-and-a-Quarter per Cent. Anne. 96% 97
Long Annuities, Expire Jan. 5, 1860 .. 10 3-16 %
Ditto, 30 years, Oct. 10, 1859 .. 10
Ditto, 30 years, Jan. 5, 1860 .. 10%%
India Bonds, IMO/. • • .. •. • . 20
Ditio, under 1,0001. . • • .. 22 27
Consols for Opening .• .. • • 95%
Excl.equer Bills. d. I%d.
1,0001. .. .• . 10 —— pm.
5001. .. • . 16 —— pm.
Ditto. Small .. .... 16 —— pm.

PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent • • • •
Ditto, New Bonds, 1829 and 1839 81)4 80 82
Mexican Bonds, 1837, 5 per Cent .. 28% 29
Ditto, Deferred .. .. • • • • 16%
Ditto, Debentures .. • • • • 16)4
Portuguese Bends, 5 per Cent. • •
Ditto, 3 pet Cent • • • • • • .. 46
Ditto, 4 per Cant • • • • • • • • 47
Ditto, for the Account .- • . 47 45
Dividends on tue above payable in London.
Dutch Two-and-a-Half per Cents. --
Ditto, 4 per Cent. Certificates .. 91%
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PEA SHARE
Aberdeen .. .. •• 10 •• • • 2N ...• to 3%
Birmingham and Gloucester • • • • 100 .• • .125 to
Buckinghamshire .. .• • • 425. •• • . 3G (us. to
Caledonian ,• .• •• 10 11%%.% to
Ditto Extension . • • .. 2% •• .• to
Direct Manchester (Remington's) • • 2% %%.• to
Direct Manchester (Rastrick's) • • 5% •• • • 3% • ••• to
Direct Northern .. • • 2)4 •• • • 1.4 .. • • to
Eastern Counties • . .. 14/. Its. Od.• •• • 23% %%to
Ditto, New .. 10/. Its. 0(1 714% p to
Do., Perpetual, 5 per Ct. No. 1, 61 I 3s. 4d
Ditto, ditto .. N 0.2, 61. 13s. 4d %14 pto
Ditto, York Extension • • • • • 10s. •• • • 1 .. to
Edinburgh and l Ilasgow .. • • •• 50 ••• • ••.. to
Ditto, Hall Shares • • • • • • •• 10 • •
Goole, Doncaster, and Shefthld, 6.• • 425. .. • • N 74, uis. to
Great Southern and Western (Ireland) 20 .. • - 2214 .... to
Great North or England .. • .100 •• • • •• • • to
Ditto New .. 5 .. • • 54 .... to
Ditto, New .. .. 10 • •
Great Western .. .. 85 •• • • 145 to
Ditto Half Shares .. . 50 .. •• 82 •• . to 81%
Ditto, Quarter Shares • • • • • • 5 ••••lu4 a • • to
Ditto, Fifths .. .. • . 20 •• • • 33 •• • • to
Laticaster and Carlisle • . 40 .• • • 55 • • to
Leicester and Bedt..rd 225.
Liverpool, Mauch, and Novo. Junct. 2)4 •• • • 1% .... to
London and Birmingham • • . —lOO 226% .. •• to 226
Ditto, Fifths • • 2 •• • • 25 .. to
L0....d0n and Itrighton .• .. 50 .• —6454 65% to 65
Ditto ditto Fifths .. . • • 30 •• • • 404 .. • • to
London and Croydon .. .. 13/. 15s. 9d. •• • 22 .. • • to 21%
London and South-Western 411. 64. 10d. .• • • 77% • to 78
Ditto, New .. 17% .. • • 29 .... to
London and York • .. • • • • 25 •• • • 2'43. ••• to
Londonderry and Coleraine • • • • 10 •• • • 5 •• .. to
Manchester and Leeds . • • 82 .• • • 124 • to
Ditto, Halt Shares .. • • • • • • 38 •• • • 58 •• .. to 77
Ditto, Fifths .. 3 • •
Ditto, Extension .. • • 42a..... 2 to
Manchester and Birmingham .. •• 40 .... 80% ty .. to
Ditto, Quarter Shares (C) • • • • 1 •• • • 85¢ 3e .•to
Manchester, Iluxron, aud Matlock .. 425. •• • • % p.. to 34 p
3lanch,ster and Southampton .• • • 2 •• • • 14 .... to
Midland
Ditto, New .. .. • - • • 18 314 .... to 30)4
Ditto, Birmingham and Derby • .100 ....122% to
Newcastle and Darlington Junction .. '25 .... 4134 ... to
Ditto, New .. . 1 .... .... to
Ditto, New, Brandllng •• .. 25 .... 43)4 .... to
Norfolk ~ 20 . 2534 ...- to 26
Ditto, Half Shares .. • • • • • • 5 .• •. ... to
North British 221., .... 30 .... to 29%
Ditto, Half Shares .. • . 814 .. 11%11 to
Ditto, Carlisle Extension • • • • 14 •• • • 1% .... to
Northern and Eastern .. 50
I) tto, New .. .. • • .. 1 .. • • 19 .• • • to
North Statibrdshire • • .• • • • • 425. .. 3%4 a pto
Oxford, Worcester, & Wolverhampton 1234 .... rs tit %.. to
South Midland • .. .. • • 425. •34 dis.. to
South Eastern and Dover .. 33)4 39!..... to
Ditto, Nev, No. I •. .• .16 .- 19'74 t, .. to
Ditto, New, No. 2 .. • 10 It to 13
Ditto, New, No. 4 .. • • .. 2,4.... 2% V, .. to—
Staines and Richmond • • • • • • • • 1 •• • • 11 %•• to
West Sliding Union .. .. • • .. 425..... la 4 p.. to 2% p
FOREIGN RAILWAYS.
Boulogne and Amiens • . • • .. 12 .... 11 .... to
Dutch Rhenish .• .. • • .. • • 6 ...• 7%.... to
East Indian • . .. • • • • .. ss. .. • • %.... to
Namur and Liege • • • • • • • 6 .. • . 3 y.).4 .. to
Northern of France Constituted L .. • • 1I .. • • to
Orleans and Bordeaux • • .. 6 .. • . 1034 to
Paris and Lyons Constituted .. .. 5 .. • . 61,416 to
Rouen and Havre • • •• • •• 20 .... 28%.... to
JOINT-STOCK BANKS.
London Joint-Stock • • • • • •• 10 14%
MINES
- •

JrNE 12,

IMB.

Cocos.•—Trinidad has been cold at 37s to 40s 6d per cwt.
Rim-3 723 bags Bengal were taken in at 12s 6d for good mid,
and g-od white being above the value.

Lignea has been in fair request, but at Is to 2s
decline; 7,809 chests sold at 45s lid to 64s for sound. Malasar
Pepper has re,-dised 2 4d to 2%sd per lb for sound.
TEA. The market is steady. PuUe sales are .ilmouneed for next
week.
TALLow.—P. Y. C. is 42s 3d to 42s Cl per ewt on the spot.

RAILIVA Y COMMITTEES

(['HIS DAY.)

HOUSE OF LORDS.
NORTH STAFFORDSHIRE.

The Committee appointed to consider the merits of the three Bills
included in the above title, met for the first time in Room B (New
Houses of Parliament) at about half-past eleven. The members are
—the Duke of Cleveland (chairman), the Earl of Scarborough, and
Lords Colchester, Somerville, and De Lisle.
The three Bills are—the Churnet Valley line, the Harecastle and
Sandbach line, and the Pottery line, being all branches of the North
Staffordshire Railway.
Mr. Austin, Mr. Talbot, Mr. Sergeant Wrangham, and Mr. Ser-
geant Murphy appeared for the promoters of the Bill, and numerous
counsel appeared for landowners petitioning against the Bill.
Mr. Arnim said that as the three Bills were in tact but one
scheme, it was proposed to take them together, t y which much time
would be saved by toe promoters, and the opponents would be put
to no inconvenience.

The Committee assented to this course, and
Mr. TALBOT proceeded to open the case for the promoters of the
Bills, at groat length. -Ile said that he thought the total absence of
railway accommodation in the Potteries and other popu
lour manufacturing mineral and agricultural districts itt North
Staffordshire was a sufficient argument as to the necessity for these
lines. The distances between various important places would he
very much shortened by this line ; as, for instance, the distance
between Manchester would be reduced by 7 miles 3 furlongs ; be-
tween Macclesfield and London, by 28 miles 3 furlongs ; between
Stockport and London, by 8 miles ; between Sandbach and London,
by 3% miles; between Manchester and Birmingham, by 4 miles;
between Macclesfield and Birmingham, by 24 miles ; between Stock-
port and Birmingham, by 3% miles; between Manchester and Derby,
by 18 miles 3 furlongs ; between Macclesfield and Derby, by 51
miles 3 furlongs; and between Stockport and Derby by 80 miles.
This was not one of the Bills projected during the late railway mania
of 1845, having been formed by the union of the Churnet Valley
Railway Company and the Staffordshire Potteries Railway Com-
pany ; the former of which was favourably reported on by the Board
of Trade in 1844. Three-fourths of the estimate (which amounted
to 2,500,00010 had been subscribed, and 10 per cent. had been de-
posited according to the standing orders of the House of Commons.
The total length of line would be 122 miles. The railway would
give to the Staffordshire Potteries, Newcastle, and Stone, an expedi-
tious access to the ports of Liverpool and Birkenhead, whence their
principal exports are shipped, and would plane then large population
and important manufactures on the main line between London and
Manchester, and would afford them direct communication not only
with those places, but also with Birmingham, Derby, and, in fact,
with all parts of the kingdom, by means of the various railways al-
ready established. It would open a direct communication between
the town of Congleton (now wholly unaccommodated by railways)
and London, Manchester, Macclesfield, Coventry, and Derby, with
ss hick places its extensive silk manufactures necessarily occasion
an extensive intercourse It would afford a direct railway com-
munication from Liverpool, Chester, and the north-western districts
of the kingdom, to Derby, Nottingham, Leicester, and the eastern
counties ; and it would open the valuable coal fields in North Staf-
fordshire for the supp,y of the manufacturing districts, of the Pot-
teries, Newcastle, Macclesfield, Stockport, Manchester, and Bir-
mingham. It would also afford great facilities tor the
supply of iron, the other staple commodity of North Staf-
fordshire. These great public objects, which, as separate schemes,
would require the construction of 162 miles of new railway,
would be effected, through the happy combination of the North
Staffordshire Railway, by. the construction of only 122% miles of
new railway. The population on. and within two miles of the line,
was unusually large, being altogether 344,391, or upwards of 500
per square mile, while the average population of England is calculated
to be about 303 per square mile. The population, not on the new
line, but which would be immediately accommodated by it, was also
unusually large. The Learned Counsel dwelt at consi-
derable length on what he considered the " insignificant "
nature of the opposition which, he said, consisted entirely
of cases for compensation, and not of cases of residential in-
jury, such as could not be compensated for. Having concluded his
address, he called
Mr. Ricardo, M.P. fOr the Potteries. and chairman of the North
Staffordshire Railway Company, wile gave general ev,dence in ta-
vour of the line. He was cross-examined by Mr. FLUND, who ap-
peared for Mr. Cartwright and Mrs. Carey (Mr. Cartwright's daugh-
ter), petitioners against the Bill ; and by Mr. Sergeant ADAMS, who
appeared for Sir Hettry Everett, also petitioning against it.

DIRECT LONDON AND PORTSMOUTH.
Their Lordships met at eleven 'clock, in Rcom A. ; Lord Beau-
mont in the chair. All the mem! ers were present.
The Committee were occupied with general evidence nearly the
whole of the morning.

.1101 SE OF et )MMONS.
GROUP XIII.

This Committee, met to-day at twelve o'clock; Sir Will'am Clay
in the chair.

AYRSHIRE AND GALLOWAY.

Mr. Macdonnell, engineer of the Gloucester and Birmingham line,
was examined, in corroborration of the evide- ce of Mr. M•Callum.
given yesterday. He also explained the mode of working the Lickey
inane, to show that there would not be any great difficulty in work-
ing tlr: gradient of 1 in 55, on the proposed line.
Mr. Robinson, civil engineer, gave evidence to a similar effect. He
th.t.t4lit the estimates for the proposed line quite ample enough.
Mr. William Gordon deposed that he had resided for some time at
Baleary Bay, and c..nsidered it a good position for a harbour. The
line and the harbour in question, w uld be of great benefit to the
county of Kirkcudbright. The bay was easy of access to shipping.
This closed the case on behalf of the promoters.

GROUP XVII,

MANCHESTER AND SOUTHAMPTON, AND
SOUTH-WESTERN (ROMSEY AND RED..
BRIDGE BRANCH).

The Committee met this morning at the usual hour , the Hon. E
Yorke in the chair.

MANCHESTER AND SOUTHAMPTON,

Mr. Etwall, M.P. for Andover, was the first witness called. lie
said he possessed property in the neighbourhood of Andover, and con-
sidered that the whole of the district would be benefited by direct
communication with the manufacturing districts. Fie knew no line
which could acc4 mplish this object better than the Manchester and
Southampton. It would be most valuable for the carriage of manure
and salt, which, if it could be obtained with facility, would be largely
used in the improvement of the land, as it purified it, and destroyed
noxious insects. The feeling was unanimous in favour of the line in
the towns throughout the line, and at Southampton.
By Mr. HATIIERTON—There were not more than two coaches
passing to and fro between Cheltenham and Marlborough, Luc they
Were always loaded. The district was a rich agricultural one.
By the CuarastAti—The expense of constructing efficient roach in
an agricultural district, not desirous of paying a large rate, no doubt
reduced the number of coaches, and pre ented pemle front moving-

•
about more ihan they did; but it a Company, with ample means,
were to construct a through communication, there could be no ques-
tion about these districts availing themselves of it to a large extent.