The Sun.
London, England, 1846-03-13 00:00:00

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LONDON, FRIDAY, MARCH 13, 1846.

The LORD CHA.NCEL LOB. took his seat upon the
Woolsack at Five o'clock.

Various petitions were presented.
The Earl of ST. GERMANS moved the reconsideration
of the report on the Irish Pacification Bill.

The Loan CHANCELLOR then formally moved the
amendments which had been agreed to on Tuesday.
The Earl of CLANCARTY wished to know whether
witnesses who were cognizant of crimes would be com-
pelled to give evidence or not. He put that question to
1...1‘ i, k ,tsllt.7,oble and Learned Lord opposite (CampnEu.).
*__. , I'd CAMPBELL, who had only occupied the situation
encif.Ch tenor of Ireland for an instant, would recom-
-4Z—i2,-:,--..s\znettid, at the question should be put to the ,Noble and
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Learned Lord on the Woolsack, who had been Lord
Chancellor during three reigns.
The LORD CHANCELLOR did not feel bound to alllWer
the question.
Lord STOURTON urged that every person who was
going to fetch a priest should under all circumstances be
exempt from arrest.
The LORD CHANCELLOR said that no one could doubt
that a person going to fetch a priest to attend a sick man
was out on his lawful occasion, unless he was a cri-
minal, when under the existing law he was liable to be
apprehended.
The report was then ordered to be received, and the
third reading of the Bill was fixed for this day.
Earl GREY gave notice that he should, on Monday
week, move an address to her MAJESTY on the subject
of Ireland generally.
The Earl of DALHOUSIE moved the suspension of
standing orders requiring the Select Committees on
Railway Bills to take evidence as to the traffic of the
districts through which they passed.—Agreed to.
Their Lordships then adjourned.

There being only thirty-four Members present at four
o'clock, the House of Commons adjourned.

The House of Commons took holiday yesterday for the
first time this session, there being, not altogether, we pre-
sume, without management, " No Hiutse" at fur o'clock.
The most important business on the paper was a motion of
Mr. MORRISON'S for a Committee to inquire "whether, with-
out discouraging legitimate enterprise, conditions may not be
embodied in Railway Acts better fitted than those hitherto
inserted in them to promote and secure the interests of the
public." We conclude that the untoward event of yester-
day will only have the effect of postponing Mr. MoanrsoN's
motion. Not that we agree by any means entirely in
Mr. Monarsores views, as he has explained them
in his published pamphlet; but the subject is
one of very great importance, and we anticipate much benefit
not only from the labours of a Committee, but even from
debate in the House of Commons, where Mr. MORRISON'S
views wilt be modified and corrected for the public by other
Members of equal authority on such subjects.
Mr. MourusoN's chief object appears.to be to procure the
intervention of the Legislature for a great reduction of rail-
way fares. Through such a reduction he hopes to administer
a great check to railway speculation ; and he seems to believe
that this, and this only, is the way to check the speculation.
Now, at first starting their seems to be a great inconsistency
in Mr. Monursox's reasonings. He recommends a reduction
of railway fares to railway companies as likely to produce
even an increase of profits; and there is no doubt that,
within limits, such would be the result of reduction. It
has been found to be so in practice : and, in the last two or
three years, there has been, on the part of almost all the
great established companies, a gradual reduction of fares
for the sake of increasing profits, and profits have been in-
creased. How then is this reduction of fares to diminish
speculation? Mr. MORRISON says, by the reduction of pro-
fits. And here is his inconsistency,

Now with regard to the diminution of speculation in rail-
ways, we suspect that the time has gone by for Parliament
to trouble itself about it. Parliament might have interposed
last year with advantage : if it bad then interfered judi-
ciously many of the evils of the railway excitement of last
autumn might have been prevented. But the mania was
allowed to go on unchecked, and it has, we believe, now
worked its own cure. There is an end of excessive railway
speculation. The railway share-market is now suffering
from a reaction. To diminish speculation is not now the
object for Parliament to strive at, but to mitigate the evil
consequences of speculation which has already existed
in excess, and to prevent as much of suffering as
can be prevented from the railway mania of the
last autumn. This appears to us to be the extent to which
Parliament should interfere; and to this extent, and for this►
purpose, it deeply behoves Parliament to interfere promptly
and with vigour.
We have observed, with regret, in the progress of the
Railway Committee, appointed at the instance of Sir ROBERT
PEEL at the beginning of the session, a complete departure
from the principles laid down so clearly and ably by Sir
ROBERT PEEL in moving for its appointment. We, cannot
see on what principle the interference recommended by Mr.
MonntsoN is to be made—on what principle the rates are to
be adjusted—except on the commercial principle; and by
that principle the companies themselves would be
guided, and that principle will not suffice for Mr.
Moiuusoa's ulterior object of diminishing the inducement to
invest in railways. Interference on any other principle would
be unjust and impolitic. All direct interference with rail-
way speculation, as with any other speculation, we repudiate.
But there is a mode in which Parliament might earlier
have guided railway speculation with advantage, and may
yet materially smooth difficulties for those who have impro-
vidently embarked in the excessive speculation which has
existed, and that is, the adoption of some principles of select•
tion in dealing with the railway schemes which are
brought forward. Notwithstanding Sir ROBERT PEEL's
emphatic warnings as to the amount of capital already
authorised to be raised for railways in the next three years,
and the immense addition which would be required for the
schemes of the present year (allowing iu all cases for only
one out of any number of competing schemes being passed),
the Railway Committee appears to have flown entirely in
the teeth of Sir ROBERT PEEL'S recommendation, and Par
liament is about to submit all the schemes which have come
before it to separate Committees, as before, to be dealt with
in separate groups, and without any comprehensive view
takea of the various degrees in which different dis-
tricts want railway accommodation, or comparison be-
tween one group and another. Sir ROBERT PEEL'S plan
did not involve the rejection of any railways, but merely the
postponement of many. When we consider the immense
number of railway schemes now before Parliament, the im-
mense amount of capital which will be required, and the
practice of requiring in the Act the completion of the rail-
ways within three, five, or at most seven years, no one will
say that the simultaneous construction of such a large
amount of railways can be viewed without apprehension.
We look forward with interest to the discussion on Mr. Mort-
'mores motion, principally to ascertain whether Sir ROBERT
PEEL'S views have undergone any change, and whether the
Government will abandon their desire to limit the annual
expenditure on railways, in consequence of their having been
left in the lurch by the Committee. We have never con-

templated any close or illiberal limitation of such expendi-
ture; but a large limitation of the expenditure at present
proposed might be made, and the government be on the
safe side.

The returns moved for by Sir ROBERT PEEL, and presented
to the House of Commons on, Monday, relative to British
shipping, exports of manufactured goods, Customs' duties,
silk and 'woollen manufactures, and revenue commercial
sources, of which we gave an outline yesterday, form per-
haps the most important and satisfactory document ever laid
before Parliament. They show how much trade was ham-
pered by the old prohibitive system, and point out, in the
clearest language, the absurd principles of those statesmen
who considered that revenue could be obtaieed only by im-
posing high Customs and Excise duties, and that protec-
tion was the only means of encouraging domestic manu-
factures. On looking at these tables, we find that
a striking change began to take place shortly after the
period when Mr. Iluserssox, after many vain attempts,
and long conviction of their nececessity, introduced
only partially free-trade measures. Since then an in-
crease has taken place in almost every department,
though the plan was still defective, and the Minister's views
were not half adopted, but when brcught into full play, when
Sir ROBERT PEEL boldly ventured on the grand experiment,
and gave the favourite principles of Ilusxissox a fair chance,
the soundness of his views was confirmed by facts, and the
very protectionists themselves stood astonished to find all
their dismal forebodings falsified. The shipping interest
was among the loudest in its complaints. The Americans,
they said, were ruining the British trade, and in a few short
years the strength and glory of England would be gone, her
seamen and her shipping would diminish to those of a third-
rate maritime power, and all this owing to the wild theories
and visionary schemes of a man without practical knowledge.
What has been the result? In 1820 the number of vesels
belonging to the several ports in the British empire was
25,374, and the men and boys employed in navigating them
amounted to 174,514. For several years these numbers con-
tinued to fall off, but when the changes had time to come •
into operation a great rise took place, and in 1844 the num-
bers had increased fully one-third, for the number of vessels
had risen to 31,320, and the hands to 216,350. The tonnage
during that period had been increased also to the extent of
one million of tons. Foreign vessels carrying on trade with
this Country had increased in still greater proportions. The
number, for instance, of all vessels entering British har-
bours in 1832 was 14,627, and the tonnage 2,497,893,
while, in 1845, they amounted respectively to 23,859,
and 5,023,588, the tonnage thus being more than doubled.
The exports from the United Kingdom had consequently
increased in nearly an equal proportion. The real or de-
clared value of native produce and manufactures exported
in 1827 was 36,860,3761, while in 1844, it had increased
to the enormous amount of 58,584,2921. According to
the protectionists, the silk trade was to be ruined
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where
the baneful influence of monopoly had not alighted, and
while, in 1826, two years after the partial' alteration, the
value of British silk goods exported was 168,8011., '
in
1845 it had risen to
764,424/., or about 450 per cent. The
impulse given to the woollen trade was equally remarkable.
In 1824 the number of pounds imported both from the colo-
' nies and foreign countries was 22,564,485, and the price of
the best Southdown Is. 2d. the pound. In 1844, when the
import duty was abolished, the price remained still at ls. 2d.,
andnext year the price of domestic wool rose to I 5.4 d., though
not less than 76,828,1521b5. were imported. These are truths
not to be disputed by any casuistry of canth RICHMONDS and
BUCKINGIIAMS, and NEWCASTLES ; and if y two facts are,
more palpable than others in the range of
.human knowledge,
these two are, that the price of cattle has increased (and is
still increasing) since foreign cattle were admitted at next to
a nominal duty, and that since the duty on foreign
wool was abolished, British grown wool has risen
in price. But the net produce from the Customs and Ex-
cise paid into the Exchequer is another feature of a most

astonishing character. In 1832 the net produce, exclusive
of the corn duties, was 32,178,8141., and in 1845 it
amounted to 33,415,4311., though the total amount
for the two departments remitted during that period was
5,197,074/. These show, above all other things, how in-
jurious protection, under the guise of prohibition and heavy
dutio, is to the well-being of the community ; how it robs
the Exchequer, without benefiting any class; and haw well-
founded are these liberal measures adopted by such a large
majority of the Commons House of Parliament.

Among the dropped motions which stood for discussion in the
Commons last evening, is one of considerable interest and im-
portance for the press, and, we venture to think, not less in-
teresting and important to the public. Lord INcIESTRE is
to call the attention of Parliament to the contents of a peti-
tion which he has presented from the proprietor of the
Wnlcerhanipton Chronicle, complaining of his having been
proceeded against fur libel, having beeu cast in damages, and
by co. is and damages together having been put to an ex-
pense of upwards of 3001., for printing in his newspaper sn
extract from minutes of the Committee of Council on Edu-
catior, published by authority, on the subject of the Lich-
field Grammar School. The account of this school, given by
Mr. ALLEN, the Inspector of Schools, in the publication of
the Committee of Council, was naturally published in a

newspaper circulating in the locality. It turns opt that this
account contains unfounded allegations relative to the cha-
racter of the schoolmaster. The schoolmaster brought ac-

tions both against the publisher of the minutes of the Com•
mittee of Ccuucil and against the publisher of the Wolver-
hampton Chronicle, which merely copied a statement published
on official authority. The publisher of the newspaper twice
tendered apology to the schoolmaster, and both tenders
were refused. The action proceeded, and a verdict for 50/.
damages was obtained by the schoolmaster. But for Lord
CAMPBELL'S recent amendment of the law of libel, by which
a tender of apology is allowed to be given in evidence for miti-
gation of damages, the damages would have been higher.
Now this state of things cannot be right. It is expedient
that a Government should have the power of publishing the
results of inquiries necessary to be known with a view to
legislation ; and, on the other hand, that there should be the
means of preventing an abuse of this Government power, in
publishing statements with regard to individuals, either un-
true, or though true, not needing to be published. The best
means of preventing libels may be by giying a right of action
to individuals; but then this should be against the officials,
who are responsible for the libels, not against other parties
who, relying on official documents, merely copy them for the
further instruction of the public, and the further diffusion of
what it is the object of the Government to have as widely
diffused as possible. The publisher of the Wolcerhampton
Chronicle was carrying out the ob:ects of the Government in
giving further circulation to the statements with regard to
the Lichfield School. It is manifestly unjust that he should
now be made the scape-goat for official errors; and Parlia-
ment is bound to compensate him for the expense to which

he has been subjected.
We extract a few paragraphs from this petition, knowing
that a question of a grievance of an individual, affording no
room for party excitement, always comes before Parliament
under great disadvantage :
" In the month of April 1844, your petitioner, in the exer-
cise of his profession, inserted in his newspaper a verbatim
extract from the minutes of the Committee of Council on
Education, purporting to be the result of official inquiry by
the'Rev. Mr. Allen, her Majesty's Inspector of Schools, and
the unquestionable accuracy of which your petitioner sup-
posed to be testified by that report. The extract in question
related to the Endowed Grammar School of the city of Lich-
field, in which your petitioner's newspaper has a considerable
circulation, and imputed its deplorable condition (tbe school
at that time having been completely closed, and without a
single pupil, for about six years), to the harshners and ex-
treme severity of the master, the Reverend Cowper-
thwaite Smith; and alleged that upon two separate occasions
he had appeared to answer charges of improper punishment
of two of his pupils before the magistrates of the city of
Lichfield. Upon this statement, guaranteed by the above
official authority, your petitioner placed the utmost teliance,
and earnestly wishing the revival of the school in question,
at which many distinguished scholars and eminent men had
been educated, conceived it to be his duty to give a local
circulation to the statement contained in the report, and it
consequently appeared in your petitioner's newspaper. Your
petitioner is of opinion that he cannot, in any degree what-
ever, be considered as participating in the writing of any
libel, and is only responsible for having placed reliance on
the statements contained in a public and official document,
bearing on the face of it the high sanction of her Majesty's
Privy Council, and the guarantee of the authorised investi-
gation of her Majesty's Inspector of Schools, for the truth of
the particular facts alleged."

We have received Madrid journals of the sth instant, but
they contain no news. The Fundecontiuuel much depressed.
The Three per Cents. closed at 28% for cash, and 283/ for
the 28th inst., and the Five per Cents. at 21 fur the 25th
of April.

The Paris papers continue to be chiefly occupied with the
Polish insurrection, which, from all accounts, may now be
considered at an end. Cracow was occupied by the Russians
on the 3d of March, the Austrians, it is understood, entered
on the 4th, and the Prussians on the 7th. The Prussian
State Gazette announces these facts with some additional
particulars: " General Comm, who on the Ist of March had
opened communications with General oE FELDON, commanding.
the Prussian troops, had at the same time opened negotia-
tions with the insurgents, who were disposed to give up the
town. Whilst the negotiations were going on, the Russian
corps moved forward, and marched into the town without
striking a blow. It will be recollected that the Russian
frontier is but seven kilometres from Cracow, and that the
town offers no means of defence. Besides, the young and
able part of the population having left the town and gone
into Gallicia, the only persons whet remained in Cracow were a
few old men, besides women and children. Further than this
we have no details relative to the occupation of the town by
the Russians. The Russian corps consists of five battalions
four squadrons, &CO Cossacks, and one battery of artillery.
The Austrian corps is about the same force, and was to in-
vade Cracow on the 4th inst. Lastly, the Prussians, 3,000
strong, commanded by General Roust, were expected to ar-
rive at Cracow on the 7th, which is about 80 kilometres
distant from the Prussian frontier. Thus it will be seen
Cracow is once more placed under the protectorate of the
three Powers, which by the treaty of Vienna guaranteed its
independence. Cracow, the point where the insurgents first
commenced their operations, is about to cease to play the
principal part in this heroic and disastrous attempt on the
part of the Poles to recover their nationality. We have no
accounts of what has taken place upon the right bank of the
Vistula since the Ist of March. It is not yet known whether
the remnant of the three insurgent corps succeeded in open-
ing a passage into the Carpathian mountains, for their return
towards the Vistula was cut off by Generals CO:LIN' and
Meuroux, who had occupied all the passages of that river
which border upon the territory of the Republic."

The Universal Gazette confirms this intelligence in
a letter dated Breslau, the sth inst. :—" Yesterday, not only
the Austrians, but the Russians, also appeared on the fron-
tier with 5,000 men. They have entered Cracow without
any resistance from the insurgents, between 500 and 600 of
whom are said to have surrendered. The Prussian corps
also came over the frontier 'yesterday, and is expect.d to
arrive in the course of to-day." Some of the French Oppo-
sition papers assert that the insurrection is still spreading i
other places, but we have great doubts of the intelligence
We place more confidence in a statement in the SPele re-
specting the sympathy expressed in Germany for the suffer-
ings of the Poles, and evidently hope that it will yet pro-
duce good results. Could public opinion only be awakened
to the cruel treatment to which this brave nation has been
subject, even the three great Potters might be compelled to
revise their decisions and grant redress. That journal
says :

" The sympathies of all Europe are awakened as ener-
getically and as warmly as in the year 1831 in favour of the
Polish nation. Hereafter it will he impossible to surer a state
of affairs to exist which has produced such deplorable conse-
quences. Public opinion in Germany has declared itself
with extraordinary unanimity on the subject. Everywhere,
but particularly in Saxony and in l'russia, the most active
demonstrations have been made in favour of Poland. The
Silesian journals state that every class of society is animated
by a similar feeling, and anti-Russian demonstration was
never so strong. Europe cannot neglect such a warning ;
the cause of Poland is that of justice, and can never be
effaced. There is but one mode of re-establishing the balance
of power in Europe, fatally destroyed by the sacrifice of Po-
land, and that is, to submit the stipulations of the treaty of
Vienna to an equitable revision. The sword of revllutions
will one day resolve the difficulties which have been neglected
by pacific negotiations."
The Freuch Deputies who had met on Monday with a
view to render every assistance to the cause have published
the following appeal to France
The efforts making by Poland to regain her nationality,
the claims to which are so solemnly inscribed in treaties,
claims which the Legislative Chambers of France recal each
year to the attention of Europe by unanimous votes; the
heroic courage displayed by the people of Poland, who brave
death in the most sacred of causes; the sad reflection that
new martyrs are at this moment sealing with their blood
their faith in the power of right—these circumstances have
produced a profound emotion in France. All parties, forget-
ting their divisions, concur in the sympathy which is shown
in all quarters, and the undersigned, feeling the necessity
Hof taking part, in the manifestation, have opened the follow-
ing subscription."
The subscription, up to Tuesday evening, amounted only
to 6,000 f. (2401.), but the appeal had produced a striking
sensation, and it is expected that considerable sums will yet
be raised, if not to aid the insurrection, at heist to relieve
those who have suffered in the attempt. We quote from
the papers indiscriminately the follow ing remarks on the
subject, in which most persons will cordially concur :-
CONSTITUTIONNEL.—" We hope that every one in the
Chamber, without distinction of party, will join in this
demonstration. The news from Poland, unfortunately, ap-
pears unfavourable enough to lead to the belief that there
will soon be wounded men arid fugitives to succour. A
common sentiment of humanity, united with the remem-
brance of the vote passed each year in favour of Polish
nationality, will determine the whole Chamber to give Po-
land this mark of sympathy. We see with pleasure that all
opinions are represented iu the committee just formed. The
Constitutionnel subscribes one thousand francs."
NATIONAL.—" This striking manifestation will spread
through Europe ! It will speak to nations as to govern-
ments I Both one and the other will perceive that opinions
are unanimous in France when the question is Poland !
that its rights are sacred, and its nationality always alive :
that force may oppress and torture it, but never destroy it I
The insurrection may be put down,but the sentiments which
it has given birth to, and the hopes that it has aroused, will
not be effaced Efforts will be vain—violence powerless—
its duration even will change nothing in the eternal truth of
right, and the oppressors will never succeed in establishing
an unjust authority, of which an heroic persistence has so
often interrupted the course."
THE Eroctut (Government parer).--" We ale dispose 1 to

admit the profound and universal sympathy which Poland is
worthy to inspire. Although it may be affirmed that the
part fallen to the lot of Austria, and the part possessed by
Prussia are in general very paternally governed, we declare
that this reason does not suffice to cause national tradi-
tion and the sacred rights of country to be forgotten.
If ever we became, by the fate of war, English or Prussian
subjecss, there is no paternal government in the world
which c, uld silence in our hearts the voice of France.
But all that goes not excuse the truly deplorable ex-
aggerations which we read in the journals for some
days back ; and, above all, that d& es cot prove that it
is necessary, as one of them imperatively demands, to send
immediateis 50,000 men to the frontier of the Rhine, as many
to the frontier Of Italy, and a fleet into the Black Sea. Ail
that appears to us exceedingly hasty and puerile. In all
things, as common sense suggests, the end ought to be con-
sidered. It is not sufficient to revolt for the holiest of causes.
It must further be examined if the insurrection will be useful
or fatal. It will be useful if it is sufficiently well combined to
succeed ; it will be fatal if it fails, and if it has no other result
than to take off from the cause, by arms or by punishment,
the most energetic of its supporters. We fear much that this
is the case with the Polish insurrection."
THE FRANCE.-" We frankly admit all our repugnance for
gratuitous and useless manifestations which have no other
effect than to embitter both parties and nations more and more
against each other. However, on this occasion, we are willing
to acknowledge that a motive of humanity has specially pre-
sided at the meeting of the Honourable Members. This idea
we greet with joy, and we should be happy to see it shared
by the greater part of the European courts. Great interests
are involved in the Polish questioi, they are the interests
of a people whom the ardent thirst of a nationality, always
uncertain, always combated for, unceasingly urges towards
sanguinary abysses. 111-advised, by false or imprudent
friends, drawn by them into the path of insurrection, they
have been marching fur a number of years over the dead
bodies of their countrymen, to find'in Europe a place which
their anterior divisions had long taken from them. But let
a spirit of conciliation once succeed. to revolutionary blind-
ness; let an idea of humanity and comp.. sslon animate the
nations of Europe, in favour of the anfortunate Poles; let
France in particular, no longer seeing in them, but men in
misfortune and cu-religionists, take an interest in thez fate
by a pacific and humane initiative, and we shall be the first
to encourage manifestations of such sentiments."
The Duke d'Aumale left Paris en Wednesday morning for
Africa. The King, Queen, the Duchess d'Aumale, and the
other members of the Royal Family assembled at seven
o'clock in the Salle de la Seine, to take leave of the young
Prince, who departed at eight. He is accompanied by two
aides-de-camp, M. Jammin and M. d'Hautpoul, and two
officers of ordnance, M. Pajol and M. Drubet.
General Jacqueminot, Commander-in Chief of the Na-
tional Guard of the Seine, is now so ill that serious appre-
hensions are entertained as to the result.
The Grand Duke Constantine of Russia arrived at Rome
on the 26th ult. from Civita Vecchia.
The French Funds improved considerably on Wednesday. The
Three-per Cents. closed at.. 831. 85c. ; the Five per Cents., 1191. 60c.;
the Orleans Railroad shares, 1,305 f. ; Rouen, 1,0421. 50c. ; Havre,
7451.; Great Northern, 782 f. 50c. ; Avignon, 985 f. ; Yierzon, 7501.;
JS ordeaux, 6701. ; Boulogne, 5201. ; Troyes and Montereau, 4501. ;
Basle, 2421. ;oc. ; Fampoux, 4051 ; Dieppe, 470 E; Paris and Stras-
burg, 5411. 25c. ; Tours and Nantes, 573 f. 75e.; Paris awl Lyons,
definitive, 620 f. 50c.; Spanish Actives, 35 ; Spanish Three per
Cents., 38.
The following are the quotations for other lines:-
Lyons and Avignon Railroad (Talahot) 5121. 50c. ; ditto (Lecointe),
5051. 50e. ; ditto (Compagnle Metidienale), 503 f. ; Bordeaux and
Cello (Mackenzie), 5021. 50c. ; ditto (Espeleta), 509 f.; Dijon and
Mulhausen (O'Neill), Definitive, 565 f. ; Charleroy, 4961.
BUSINESS DON IN FOREIGN RAILWAYS AT THE
LONDON STOCK E ICHANGE, MARCH 12.

..... -
Bordeaux, Toulouse, and Cette (Mackenzie), 2—Central of Spain,
Dutch Rhenish, b%—East Indian, %—Great Northern of France
Constituted, 13% Great Western Canada, 3—Louvain and Je-
mappe, 1 —Luxembourg, I%—Namur and Liege, 2% Sambre
and Meuse, 4%—Tours and Nantes Constituted, T4—West Flan-
ders,3'4.

The Queen, Prince Albert, and the Court arrived in town
at half-past one o'clock this afternoon, from Osborne House
Isle of Wight.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THIEF.
The sales of Cotton at Liverpool yesterday were 5,000
bales. Orleans was hd. per lb. dearer for fair to good
quality. Other descriptions were steady. Shares were more
active, and at higher rates in some instances.
A considerable degree of satisfaction has been expressed
in mercantile circles at the confirmation of the intelligence
before received of so many important reductions being pro-
posed in the tariff of the United States. By commercial
legislation of this nature more will be done to prevent war
than by any other course. The letters received by business
men in New York show how highly pleas: d they were at the
intelligence of the intentions of Sir Robert Peel.
An improvement has taken place of about three per cent.
in the Funds this morning, principally owing to the favour-
able character of the American advices. The Government
brokers bought Consols for money, and the prices were soon
raised from 95i to 96i. Consols for the Account left off yes-
terday at 95%. Just now there have been purchases effected
as high as 96%. The premium upon Exchequer-bills re-
mains at 345. to 375. premium. A bargain was made in the
New South Sea Annuities at 9576, being an improvement of
per cent. upon yesterday's value.
There has not been any business of importance done in the
Foreign Stocks to-day. The fluctuations have been as fol-
lows:—in the Mexican Five per Cents. for the Account
from 3114 to 311; in the Spanish Three per Cents. for Ac-
count nom 351-A to 36; in the Venezuelan from 4334 to 441 h ;
and in the Grenada Deferred from 434 to 4%.
The Share Market has an appearance of more firmness this
morning The last quoted values are annexed.
-------

ONE CLOSING
O'CLOCK. PRICES.
Three per Cent. Consols Annuities 95% 9634 96 96►4 9634
South Sea Stock

BRITISH FUNDS.

. 95%
96%9i

Ditto, New Annuities ..
Consols for Account .•

Exchequer Bills.
1,0001... ..
5001. .. ..
Ditto. Small

.I%cl.

13d.
34 37 -- pm.
34 37
34 37 pm.

ONE CLOSINI
FOREIGN FUND& O'CLOCK. PRICES,
Brazilian Bonds, 5 per Cent .. ..
Ditto, New Bonds, 1829 and 1839 ..
Ditto, for the Account .. .. .. 621,
Chilian Bonds, 6 per Cent .. .. .. 99
Ditto, Deferred, 3 per Cent .. .. —5/
Equador Bonds .. .. .. .. .. 3% 3
Grenada, 1 per Cent .. .. .. .. 21% - 211
Ditto, Deferred • • .. • • .. .. 4%14 41
Mexican Bonds, 1837, 8 per Cent ..
Ditto, for the Account .. .. .. 31% ;, U 311
Ditto, Deferred .• • . .. .. 16?
Portuguese Four per Cents .. ..
Ditto, for the Account .. .. .. 561
Spanish Bonds, 5 per Cent .. ..
Ditto, for the Account .. .. .. _ 263
Ditto, Three per Cent .. ..
..
Ditto, for the Account .. ..
.. 31% 36
361
Venezuela Bonds, 2 per Cent .. .. 433. E 41% 441

. -
Ditto, Deferred .: • • • • .. 13'72
Dividends on the above payatle in London.
Dutch Two-and-a-Half per Cent
Ditto, for the Account ..

PRICES OF BUSINESS CLOSING
PAID. DONE AT P RAILWAY SHARES. ONE O'CLOCK. RICES.
Armagh, Coleraine, and Portrush 1% 34
Birmingham and Gloucester.. .. 100 ....125 .....• •
125
Birmingham and Oxford Junction 2 2M
12%
2%
Bristol and Exeter • • .. 70• 82%
Buckinghamshire .. ••• • • • 425• ••• • • %3.4 di5...... dt,
11%ii%•••••• 11%
Capleidtoton,lannalf
Shares..
Ditto, Extension • • • • • • 2.31 t •• .. 1%
Chester and Holyhead .. • • • • 20 .... 2014 ....... 201 y
.
Cork and Waterford • - • • • • 114 ..........
Direct Manchester (Remington's) 2% ......
Direct Northern • • • • • • • • 2% •• .. 214
Eastern Counties • • • • 141. Ms. .... 20% 21 • •
Ditto New .• • • • • 81. 16e. •• .. 6 p..
Do. Perpet., 5 per Cent. No. 1.61. 13e. 4d. y 4 x p.....
Ditto, ditto, • • No. 2. 6/. 13s. 4d. % p ........
Ditto, York Extension .. • . 105..... 1% „,
East and West of England .. 1% .
Edinburgh and Glasgow • • .. 50 _
.....
Ditto 14 Shares .. • • • • • • 5 • • 1314 .......
Goole, Doneast., and :heffield, &e. 425.
Grand Union (Nottingh. & Lynn) 1%....
Great Eastern and Western 24 •fs
Great Southern & West. (Ireland) 15 ....
Ditto, Extension • • • • •• 15 .• • • 17%
Great North of England . ..100 ..........
Ditto, New • • • • • • • • 5 34 334
Ditto, New .. • • • • • • • ; •• • • 14%14 15
• Great Western .. • • • • •• 85 ....145
Ditto Half Shares . • .• .. 50 _ 81 83
Ditto, Quarter Shares • • • • 5 .. 16
Lancaster and Carlisle • . 23 ......
Ditto New .. ••• •• • • 5 .. • • 9% 10 ....▪
.. 10
Leicester and Bodtord .......... 225..... % dis % d
Liverpool and Leeds Direct .. 2% .... 2M %........ 214
London and Birmingham ... .100 ....220 2134 ...... 21834
Ditto Thirds .. 16 .... 50M 51
London and Brighton .. • • • • 50 •• •• 64 .. •• • • . • 6414
London and Croydon . • .. 13/. 13s. 9d. 22 21% ...... 21%
London and South-Weeern.. 41/. 6s. 10(1. 76% 76'%
22
London and York .. . • .. 2j 334
Ditto, New . 12% 22 ..
.. 3%
London and Windsor • • • • 1% •• • • ••• • • • •.. 2%
Manchester and Leeds • • • • • -
Ditto, I [elf Shares • • • • • • 38 •• • • 60 • •.. .
Ditto, Quarters • • • • • •
Ditto, „4o
Fifths .. • • • • • • ..„
Ditto Extension • • • • • • "t• •• • • 344 P••• • • •
Manchester, Buxton, & Matlock 425. •• p
Manchester and Southampton .. 2 .... 2% 2.
..100 ....144 145
Ditto, New .. • • .. 13 .... 30% 31
Ditto, Birmingham and Derby 108 ....115 ....
Newcastle and Darlington Juliet. 25 .... 4352 4414
Ditto, New 1 .... 9M • • ...
Newcastle and Berwick .. .. 10 .... 19 20 • •
Newark, Sheffield, and Boston .. 2%.... ......
North British .. 20 .... • • ...... • •
Ditto, Half Shares .. .... 9% ....
Ditto, Carlisle Extension .. 1M .... 2M ........
Ditto, Dalkeith 25 .• • •
North Kent and Direct Dover • . 234 .. • . 2%
North Staffordshire 42e. •• • • 514% 11•• •• •
Norwich and Brandon .. 13 23 2234
Ditto. New 5 ... • ••••• • • • • •
Nortinnpton,Banbury,&Cheithm. 2 .... 1% ••••• • • • • •
Oxfd.,Worcester, & IVolverhuaptu. 1214 .... 12% %••• • • •
Preston and Wyre .. 25 .... ••••• • • • • •
Richmond .. 10 .. • • ••••• • • • • •
Rugby and Huntingdon .. 2 .. • • 1 •• • •
Scottish Central .. . •• • • ... •• •
Ditto New .. 2% •• • • 8 ••••• • • " •
Shrewsbury and Birmingham .. 24.... ••••• • • • • • 2 y.„
Shropshire Union .. 423. die •••• • • .: die.
~sets Midland 425. .• • 1143% P••• • • • 1% p
South and Midlands Junction .. 425. .• • • 1 tlis
South Eastern and Dover 33% .• • • 3634 ••••• • • • • • 3614
Do., New (do. 151.) .. No. 4. 214 •• • • 2,5 •••• • • • • 2%
South Wales 4 5 •• • • 4 .. 4
Swans. & Longhor & Cameron's.. 2 •• • • 2:'2 •• •• • . 2/21'
Vale of Neath 2 •••• •• • • „,• •••• • • • 234
West Riding Union, • . 428. •• • • • 2 P. •• • • 2% it.
Yarmouth and Norwich .. .. 20 .... •• • • ...... 244
York and Carlisle 2%•••• I%'• • • •
York and Lancaster .. 2%, ••• • •••• • • • • •-•
York and North Midland 50 •• • • '•'•• • • • • •
Ditto, Selby .. 30 •• • • it ~• • •
• ' .
Ditto. Extension .. .. 15 .• •• 31 ..
Do. E. and W. Riding Exten... 1 •• • • 934 10 ••• • • •
FOREIGN RAILWAYS.
Boulogne and Amiens 10 .• .. 104 .•• • • .
fiord., 'foal.. & Cette (Mackenie) 2 .• .. 2 .... ••• • . •
Dutch Rhenish ~ • • 5 •• • • 674 ••••" • • • •
East Indian .. ss. .... %••.• • • • •
('art. North. of France Goustituted 6 .... 16M 1G .. •• • •
tlreat Indian Peninsular .. • • 55. •• • • %st
••" " • •
Great Western Canada 334.... 3% 4 3
Jamaica South Midland Junction 1 •• • • ••"'• • • ' •
Louvain and Jerueppe .. 4 • 1Xr•••• • • • • • -
Luxembourg •• .. • •
Orleans and Vierzen 10 .... 19 34 •• • .
Orleans and Bordeaux 6 ••• • 123 e
Rotten and Havre .. 20 •
Tours and Nantes Constituted .. 5
West Flanders

;y:.::::::::

p
% P
.1?

3!,2 r
p

3M-1;
2'474

by 2
121,i
2534
7;4

JOINT-STOCK BANKS.
London and Westminster .. 20 .... 27 id ........ 2614 xd
Union of London .. 10 •• • • •-'• •••'• • • • • 11
Real del Monte, Unregistered M.I.N—ES. •• • • 3% ••• • • • •• •
United Mexican 281.25. 8% d.. 4

The Duke and Duchess of Buccleuch will have a granl
dinner, at Montagu House to-morrow evening.
The Marqui3 and MarchL=ess of Queensbury I,.ft
Farranee's Hotel, yesterday, for their seat, Kinmount, Duna-
frlesshire.
ARMY Fog INDIA.—EXETER, MARCH 10.—Yester-
day, thirty privates, a corporal, and a sergeant. volunteered from the
First Dragoon Guards, now stationed at Exeter, into the 10th Ho-
Sam, now under orders for Indlc—Fenwnce Gazette.

LLOYD'S SHIPPING--(THIS DAY.)
LONDON, MAncn 13.—Wind S.S.W., light airs and hazy.
PORTSMOUTH, MARCH 12. —Wind N.E. to E.S.E.—SId. her Ma-
jesty's ship Carysfort, Cave of Good Hope, and Sydney, New South
Wales.
OFF TUE WIGHT, MARCH 9.—Ms.gdelene, Hartle, Valparaiso.
SWANaEA.—SId. Helen Hardy, Odic, Cuba.
LIVERPOOL, MARCH 12.—Wind light and variable.—Arrd. Cum-
berland, White, Baltimore ; lochester. Button, New York, sld. 21st •
ult. Off port, Thetis, Belize ; Victoria, New Orleans ; Letitia Ileyn,—.
CLYDE, MARCH 1 I.—..krni. Akbar, Giles, Manitins. Sid. 9th,
Varendo, Galloway, Trinidad ; Calypso, Colville, ditto. 10th. General
Wolfe, Jenkins, Demerara.
Dumas', MARCH 11. Anne, Wright, Honduras.
• CORE, March, 10.—Arrd. Robin Gray, Patullo, Valparaiso; Alex-
ander Murray, St. Domingo, leaky, with part of cargo thrown over-
board, and loss of bulwarks, &c. ; Ann, Simons, Honduras. Sld. sth,
Fier, Borrene, Havannah.
TICALEE.—Sid. Argyll, Duskee, St. John's.
LEnwrcx.,-Sld. Hebe, Gloat, Greenland ; Eliza Brown, ditto ;
Fairy, Davidson, ditto ; Commerce, Ogster, ditto ; Hannibal, Laurie,
ditto; 7th, Gleaner, Johnsnn, ditto. •
SUNDERLAND, MARcn 11.—514. Hendon, Uncrsad, SL John's,
New Brunswick.
HARTLEPOOL, MARCH 11.—Slit. .Adelaide, Stahr, Rio Janeiro.
LIVERPOOL, MARCH 12.-1 he Ceylon, of an I for New York, from
Newport, leaky, and with part of cargo thrown overboard, was spoken
27th nit., lat. 43, long. 33, by the Rochester, Button. arrived here.
The Neptune, loaded for this port, the Robert Kerr, tbr China, the
Conqueror, and the Lady liuntly, received more cr less damage
during a violent gale at Charleston, 13th ult.
DUNDALK, MARCH 10. The William, of Llanelly, and Robert
Ward, of Strangford, were blown on the Ballast Bank during the
late gales—the former got off to-day.
LERWICK, MARCH 7.—The Prince of Wales, Lee, which .was on
shore on the island of Trap on the let inst., got off to-day without
damage, and arrd. here.