The Sun.
London, England, 1870-01-24 00:00:00

THE SUN, LONDON, MONDAY EVENING, JANUARY 24, 1870.

JOINT-STOCK BANK S.

Closing Business
Shan HAIM Paid. Price done.
10 Agra Limited, A all 11 111
10 Do B lO 44 54
50 Albion
00 Alliance, Limited
20 Anglo Austrian
20 Anglo-Egyptian, lim all 21 25 214 4
20 Anglo-Hungarian
20 Anglo-Italian 1866, limited 10 5 4
40 Australasian
20 Bank of British Columbia all 12 13
20 Do issued at 2 pm.... ~.. 5 5 4
25 Bank of Egypt
20 Bank of Otago, lim
25 Bank of South Australia all 30 32
50 Bank of Victoria, Australia 25 37 39
10 Bank of New Zealand all 14 101
50 British North American
20 Chartered of India, Austra-
lia, and China all 18 19
25 Chartered Merc. of India,
London, and China all :12 01
20 City ls 11 111
100 Colonial 25 1 1
10 Consolidated, lien.
50 Delhi and Loudon, lim
50 East London, liir
20 English and American, lira 10 21 11
20 English Bank 01 Rio do Ja-
neiro. lim
20 English, Scottish, and Aus.
traliau Chartered , all 17 / 16 i
261 Hon., Kong and Shang;iaci
Bank Corporation all 80 33
251 Do new ll4 4 6
100 Imperial, line '2o 13 16
20 Imperial Otto dian lO 21 ea 121
25 lonian all 11 22
25 Do new 5 6 3
Lnd Mortgage of India, lim 4 31 31
100 Do 6p. c. Debs.lB6l, 30 all 76 76 80
100 London Bank of Mexico
and South America, Jim. 20 5 4 151
100 Loudon and Brazilian, lim. 45 33 ;I
20 Do new 74 5 41
100 London & River Plate, him. 40 11 13
25 Do new 10 11 213
20 London Chart. of Australia all 231 241
20 London and County 2O 494 581
50 Do new, iss at 20 p.m, li pd ll ..• • -
London Joint Stock Bll 321 33:
London and South African al 11
100 London &S.-Western, lim, 20 18 11
50 London & Venezuela, line l2l ...
100 London and Westminster 2O 571 581 604
100 Do Scrip, iss at 10 pm 2O
100 Merchant, Jim... 25 64 Si
10 Metropolitan, lim all 74 74
00 Midland, lim 2O 11 i
5 National of Australia
25 National of Liverpool, lim. 15 ad 1p
00 National I'rovinc. of Eng'd 42 ... ...
10 Do
50 National.. 3O
20 New South Wales all 41 43
20 North-Western 7l
25 Oriental Bauk Corporation all 41 42
50 Provinc. Bank. Corpo., lim. 10 61 51
30 Provincial of Ireland 25 911 92 561
10 Do new. all ... ...
100 Stand. of Brit. S. Africa, lim 25 14 13
100 Do issued at 6 pm. 10 8 6
26 Union of Australia all 46 41
100 Union of Ireland, lim
50 Union of Loudon l5 37 38

71IE BOMBAY MAILS.

The Peninsular and Oriental Company's steam-
ship Ripon, Captain J. M. Rogers, arrived at South-
ampton yesterday morning, with the Bombay mails,
23 passengers, £3,000 in specie, 301 bales of silk,
30 bales of cotton, 66 bundles of ivory, 139 boxes
of oranges, 169 cases of indigo, and 123 packages
of general merchandise. She left Alexandria on the
9th inst., Malta on the 12th, and Gibraltar on the
17th. Frem Alexandria to Malta fine weather was
experienced; thence to Gibraltar strong northerly
winds and a very high sea; and from Gibraltar to
Southampton strong gales from the north-east,
with a very heavy sea and continual squalls of rain
and hail. On the 18th, off Cape St. Vincent, the
Ripon passed about 300 sail, all bound to the
northward, among them the Billow, the Racer, and
the Jane. On the 19th, off the Burlings, she
passed the Peninsular and Oriental steamer Syria,
with the outward mails of the 15th, from South-
ampton.
Her Majesty's ships Lord Warden, Hibernia,
Bellerophon, Rapid, Caledonia, Newport, and
Prince Consort were at Malta when the Ripon left;
and at Gibraltar were the Enterprise and Redpole,
and the United States frigate Richmond. Her Ma-
jesty's troopship Simoom, Captain Lethbridge,
from Plymouth and Queenstown, arrived at Gib-
raltar on the night of'the 11th, with officers and
draughts for the garrison. Among the officers
were Captain Morgan, town major, and also Cap.
taro Parsons, who succeeds Captain Griffiths as
Major of Brigade. The Simoom left for Malton on
the afternoon of the 13tb, and will call at Gibraltar
on her way back to embark the 30th company of
the Royal Engineers, under command of Captain
/vlotmorency, for England. Tbo troopship Crocodile
passed Gibraltar from west to east during the night
of the 12th inst.
The French screw training ship
of the line Jean
Bart, 22, Captain Mottes, from Algiers, put into
Malaga on the morning of the 10th inst., and
exchanged salutes with the fortress of that city.
The Jean Bart has a great number of naval cadets
on board, and is bound for the Brazils and the
Indian Seas'.
The following British merchant steamers bad
arrived out at Gibraltar :—January 10, the Rhone,
Captain R. Fudge, from London for Marseilles ;
11th, the Eidoa, Captain R. Asker, from Newcastle
from
for Civita Vecchia ; 12th, the Sicilian, Captain R.
Jthoey,AferhoimlleLs,ivcearppotaoilnfojr. Palermo,
Messina,Lo n Etc.,
n and
for
Trieste, &c. ; 15th, the Nyanza, Captain G. J.
Babot, from Southampton for Malta and Alex-
andria. The Nyanza reported that at 11.30 a.m. on
the 10th inst., in lat. 48 20 N., long. 6 154 W., she
saw a bark showing signals of distress. She stood
towards her, and found she was in a sinking condi-
tion, with her pumps chocked. The port lifeboat
was sent alongside, and it was then found that the
sea was sweeping clean over the vessel. By desire
of the captain he and the crew were taken on board
the Nyanza, and the wreck was left standing to
the north-east, with the lower maintopmast set ;
she proved to be the Austrian bark Catherina
446 tons, Captain Stefano Gudaez, of the port of
Fiume, bound from Odessa for Falmouth with
grain, which left Gibraltar on the 29th ult. The
crew were lauded at Gibraltar from the Nyanza.
The British brig Doctor, Captain J. Mayne, from
Newport, the brigantine Neptune, Captain W.
Bergen, from Newcastle, and the schooner Hannah
Croasdell, Captain J. Tarbet, from Newport, ar-
rived at Gibraltar on the 10th ; and the brig Breeze,
Captain W. Kelly, from Blyth, on the 11th.
Exchanges at Gibraltar were quoted as under

London, 90 days' date, 49 9-16 to 1; ditto, 30 days'
sight, 49 to 491 ; ditto, 8 days' ditto, 49 to 491;
Paris, 90 days' date, 5f 22c ; Marseilles, ditto, 5f
8 days' sight, Ito dis ; Cadiz, ditto, pm ; Madrid,
22c to 23c ; Seville, 8 days' sight, it to ;
Ma-
laga, ditto, 1 to 4 dis ; Almeria, ditto, par; Ali-
cant, ditto, par to 1 dis ; Valencia, ditto, par to 1
pm ; Barcelona, ditto, /to pm. Five franc
pieces, / of a dollar per cent. pm.

i;OURSE OF EXCHANGE.

Arustrdatu
3Ms ... 12 12 1, Do
... 12
Rotterdam ••• 12
Antwerp — ... 25 371 ... 25 421
Brussels
Hamburg h — ... 13 10/ ... 13 11
Paris Short ... 25 15 ... 25 221
Ditto
Marseilles

Frankfort-on-the-Main 1201 120
Vienna — 12 Co ... 12 70
Trie§temmilit 00000000000 •■• .9 11 65 In 12 70

THE ROCHEFORT PROSECUTIO.

PARIS, Su. imiy.

Rochefort has expressed his opinion of his trial in
the ilfarseillaise. He declares his astonishment at; the
mild sentence which has been passed upon him. He
says that the only way to account for the in-
dulgence of the tribunal is to put the quest' inn
before the tribunal in this form :—Allowing that
Rochefort was guilty of inciting to revolt, he should be
condemned to the galleys, and as he is not guilty, the
tribunal condemns him to six months' imprisonment. the
Constitutionnel shews that M. Rochefort mistakes the
meaning of the prosecution, and purposely forgets thait he
had incited to revolt, but at the same time that he lattO
claims on his judges on account of the mode rate
course he adopted on the day of Victor Noies funeral.
In order to state the case fairly it should be said that; M.
11,chefort, by the efforts he made to restrain the people
on the 12th of January, in a great measure, condone el for
the offences he committed by his violent language in, the
21Po•seillaise of the 11th, and that these circumstances `taken
into consideration, the mitigate) sentence of six months'
intprisournent would suffice to answer the ends of :justice
The Siecle comments on the suggestion which w.ts made
by the Const it id ionnel, that when the new law rel'ating to
press offences should take effect, the probability 'was that
the Ministry would remit for the Ofamillaise
and all other journals of the same stamp the
penalties inflicted on them by the old legislation.
Although such a course may be deemed inconsistent, the
Siecle believes that it will be the wisest one for the Govern-
ment to adopt, and prove the best means of their extrica-
tion from the very awkward position in which they have
placed themselves. The Temps declares that the sen-
tence passed on M. Rochefort is generally considered a light
one, and that it was so regarded on the Bourse, which rose
when the tidings were made known. A provincial jour-
nal, generally well informed of Ministerial affairs, says
that M. 011ivier himself wished that a mild sentence
should be recorded.

As he had previously announced in the Marseillaise, M.
Rochefort did not put in an appearance at the trial,
but, notwithstanding, a large crowd assembled in
the neighbourhood of the tribunal, as it was hoped that
after all he might change his mind at last and appear
before the court. Great disappointment was experienced
when these expectations were frustrated, and none of the
accused parties arrived on the scene. The most arbitrary
measures were adopted to prevent any admission to the trial,
except on the part of those who had obtained leave,
or who were connected with the business of the day. Little
or no disturbance took place. Some young men went
about crying " Vive Rochefort! " and the assemblage gra-
dually dispersed.
M. Rochefort heard the news of his condemnation from
31. Gambetta, who had just come from the Correctional
Police Court. He appeared very indifferent when he re-
ceived the intelligence.

The discussion on the Treaty of Commerce was resumed
on Friday in the Corps Legislatif by M. Clement Duver-
nois, who spoke in favour of free trade. Three reasons
were, he said, put forward for denouncing the Treaty
1. The origin of that measure. 2. The new parliamen-
tary prerogative ; and 3. The disastrous effects of the
Treaty. The first of these reasons he disposed of by
the remark that the legality of the act could not be con-
tested, since it was passed under a regime according to
which it was legitimately authorised. The second reason
should also be set aside, as the Chamber exercised its pre-
rogative as much in maintaining treaties as in
modifying them. The third allegation could not.
be proved until the investigation of results
M. Duvernois, in discussing the details of the Treaty,
quoted an observation recently made by Mr. Samuda
before the House of Commons, that the French were
depriving him of all his orders, and that after having had
3,000 or 4,000 workmen in his employ in 1851, the
number was now reduced to 200. The public interest was
in favour of the regime, as well as the shipbuilders.
The ironmasters were divided on the subject, but the in-
terest of the French consumer was not doubtful. He
thought a compromise might be effected. The Govern-
ment could not be expected to withdraw the decrees of
the 9th January, but in the inquiry about to be opened it
might give the priority to the question of temporary ad-
missions. It might grant the same interval for iron as
for cotton, and not apply the decrees to affairs still pend-
ing. M. Louvet, the Minister of Commerce, said the
Government would wait for the special interpellation re-
specting the decrees, before giving their answer on this
point. Before the close of the general debate they would
explain the policy of the Cabinet on industrial
and commercial questions, on the denunciation of the
Treaty, and on the parliamentary inquiry. M. Malezieux
followed on the other side, and declared the Treaty of
Commerce to be a great diplomatic error. One of its
objects, he averred, was the maintenance of the English
alliance, but the denunciation of the Treaty would
not hinder England from importing French products.
As for corn, England bad only to fear that France would
put an export duty on. English consumers could not do
without the French butter, eggs, meal, and poultry; fine
wines and cognac were certain to be bought by the rich,
and the poorer English preferred their national drink to

wines.

Saturday's debate was more interesting, for M. Thiers
made his long-expected oration. M. Thiers's speech was,
in fact, the answer to M. Simon, each being the spokes-
man of his party. It was, as milt have been expected,
eloquent and powerful, and was listened to
throughout with the deepest interest and attention, the
plaudits being frequent. Every nation, he said, had three
great objects before it. First its liberty, then its great-
ness, thirdly its material prosperity. They must beware
of thinking that care for the material prosperity of the
country was beneath notice. There was no higher moral
-than to diminish the burdens which weighed upon man-
kind. To render man less miserable was to render
him better, more just to his Government and to his
fellows. The Government had thought formerly
that it had the sole right of regulating the
economic system of the country. It was a strange
pretension. The Government might easily be a better
diplomatist, a better warrior, than the body of the people,
but it was unreasonable to suppose it could
be a better merchant, manufacturer, or agriculturist
when the nation was composed of such men.
M. Thiers proceeded to bring forward de-
tails which he had, he said, exhausted himself
in studying. He contended that it was natural a free and

intelligent people should wish to increase their own
internal manufactures. When foreign nations brought
them goods, they wished to imitate them. The

indolent nations of the East had no such desire.

They heard the example of England constantly cited.
Well, then, in the 14th, 15th, and 16th centuries the

people of Brabant took their fine wool textures to England.
England awoke to the fact that they were made with her
own wool. Sho said, "I have hands, intelligence, and
raw material, and need foreign labour to supply my wants."
She kept her wool, she set to work, and then commenced
hor great prosperity. He was convinced that French
interests had suffered seriously. England had immense
advantages over France. She had great capital,
raw material, an enormous commerce, machines
in vast numbers, coal at the cheapest price,
and, finally, the cheapness which results from an
immense production. While France set six million
spindles at work England had 34 millions; while France
used 700,000 bales of cotton England used three millions.
Thirty years since he had warned French industry that it
was not doing enough to compete with England; 30 years
since as Minister of Commerce he had tried to establish
veritable net cost prices. It was difficult, no doubt, but
not impossible, and he would say:to those who opposed
it, "If you cannot establish a. net cost price, how
can you make treaties without consulting either
industry or commerce ?" He believed himself that the
difference of the net cost price in France and England was
not less than 15 or 20 per cent. He did not wish the
tariff to go as far as that, but they ought not to be so far
inferior that their markets should be invaded. M.
Thiers proceeded to examine the various statis-
tics already brought forward. He approved the
decrees of January. He denied that all countries had
suffered alike from the depression of trade. France had
been the greatest sufferer. She excelled in works of
luxury, and her works were not therefore cheap.
She produced 1 million tons of iron ; England produced
10 millions. How could they be the same price?
The mission of England was distinct from that of France.
France had her consumers within. Her market did not
depend on the chance of a cannon-shot fired in Europe,
whereas England's situation was in some degree artificial.
She sought her customers abroad ; and if her trade
was greater, it was less solid than that of
France. Be. Thiers declared that he wished
England all success in her career, but that France might
have as great a destiny in another direction. The orator,
in concluding, was loudly applauded.
The strike at Creuzot seems to be pretty well over, and
there is a good chance that work will be resumed tc•
morrow. The troops are in readiness to protect those who
are willing to return to their employments.

The new double-screw iron armour-plated ship
Invincible, 14, left Glasgow on Friday morning in
charge of Staff-Commander Spain, for Devonport.
The paddlewheel steam frigate Terrible, 19, Capt.
John A. P. Price, from the West Indies, is expected
to arrive at Plymouth during the present week.
She brings the crews of two gun-boats and some
other naval passengers.
On Friday 350 poor children were provided with
a soup dinner at Chatham dockyard. This relief
is given twice a week from funds subscribed by the
officers and men of the yard. Since Christmas no
fewer than 3,000 good dinners have thus been given
to the children of the poor.

BISHOP TEMPLE AND THE FRIENDLY

SOCIETIES.

Bishop Temple was on Friday night publicly welcomed in
his Cathedral City of Exeter by a large meeting of the members
of Devon and Cornwall Friendly Societies. There were
about 2,000 persons present, and the proceedings were very
enthusiastic. An address was presented, which contained
1,080 names. It stated that his lordship's appointment was
hailed with satisfaction and joy in the diocese. The Bishop
was received with loud cheers on rising to acknowledge the
presentation of the address. After some remarks in thanks
and a short reference to the difficulty of helping one another,
the Bishop went on to speak on education. Let M 9 say to
you (said his lordship) that if there is anything in which it is
possible for us directly to aid each other it is just on that point.
Iu promoting education, it is possible that I may be of real
use to you, and in any schemes that may be produced you
also may be of real use to me. Now, whatever may be done
by any of us in this respect will be of no value to him who
receives the education unless the receiver of it shall really
work hard himself. The difference between a good system
of education anda bad one is not that iu one case the person
educated has to work Lard, and iu the other case he has to
work but very little; in the one case hard work preduces good
results, and in the other the hard work produces little result at
all. I have looked into education of every kind in this cent'.
try ; I have done my best to understand all that has Iv. n
done in other countries; I have studied as cards"z.- •
I possibly could the various systems that have I.
established ; but wherever there has been success, r
have noticed it is not this system or that system—it it
not that it is most in the hands of the Government, or
most in the lands of voluntary agency—it is not whether
it is precisely constructed on one model or another—
but it is where those who are to benefit by the educa-
tion care about it, value it, put their hearts to it, en-
courage it—there it is that it succeeds. And whatever is
done in that way, depend upon it your own future to a
great degree depends ; whatever is done in that way will
be successful, or will almost fail in proportion as you choose
to work or not. Whatever you have to learn must depend
upon your own exertions, upon your own putting your
wills to the work, or else you will have no success. But it
is not only about the education of yourselves I am speaking.
I am speaking also of the education of your children. There,
too, depend upon it, the same rule holds good. You may have
the best possible schools, you may have the best possible
teachers, you may have the best possible management,
and unless the parents really care about the education; un-
less they make their children feel that the education is in
their eyes a matter of the utmost importance; unless by
constantly showing an unvarying interest they make their
children understand that this is the thing to which the
children aro to give their energy -then, depend upon it,
there will be no result worth getting. I say this the more
earnestly to you because you, by the very fact of your be-
longing to such societies, shows that you aro looking for-
ward to the future, that you are providing for your own
households. If you then are among your own class
those who have taken forethought, will you not
take forethought for your children too? Will you
not remember that by-and-by the difference between
the educated and the uneducated men, between the man
who has been properly trained in his calling and the man
who has not is just all the difference between comfort and
discomfort in life. Don't you know by experience long
and sure that if you can only train children well there is
nothing you can do for them in the way of savings, in the
way of provision, in the way of giving them
money, which can possibly be compared with that ?
And if, therefore, you have taken pains to look forward to
the future, and to provide against sickness, and to provide
against old age in some cases, and so to take care that if
ever you are disabled your families shall not starve—will
you not also see that your children shall bear with them into
life the one best gift beyond all other gifts you can give—
the thorough discipline of the habits, of the mind, of all the
powers, so that they shall grow up really useful, honest, re-
spectable men.
Mr. T. Acland, M.P., also spoke, and endorsed the re-
marks of the Bishop on the necessity of the work of educa-
tion being done by the people themselves. Compulsory
education was no good unless the people desired it, and
when the people desired it there would be no need of com-
pulsion.