The Sun.
London, England, 1846-01-29 00:00:00

(FROM A CORRESPONDENT).

On few occasions has the mind of the public been more
excited than at present. The great question of the cum-
laws has been debated far and near, the agitation has been
universal. During the last week every feeling has been
merged in expectation. " What will Sir R. PEEL propose F,
was re-echoed on every side. From his speech of Thursday
great things were anticipated, and never were the most san-
guine expectations more fully realised, nay more than
realised. He has done what his most ardent admirers had
not ventured to predict, what the lovers of free trade had scarce
dared even to hope for. He spoke not of corn alone, but of
commerce. He did not act for one class, but for the com-
munity. His speech, on Tuesday, will be an example to
all future statesmen. It needed not the moving powers of
oratory—it needed no adventitious adornments—it was calm,
considerate, and comprehensive. It was received with
breathless attention by the House—it will be hailed with
universal delight by the country. It received as un-
usual mark of royal approval. Prince ALBERT and the
Duke of CAMBRIDGE were in the House. The people have
not now to learn how cordially their SOVEREIGN responds to
their feelings. Were proof wanting of the sentiments of her
MAJESTY, it is amply afforded by the event of Tuesday evening.
Her MAJESTY was, of course, aware of the measures to be
proposed, and the presence of her Royal Consort more fully
testifies her concurrence than the formal " Je le veux" she
will pronounce when those measures become law. The
speech of Sir R. PEEL is thus favoured by high and low, and
never did a speech of Minister or Member deserve at•
tention more. It is not the discourse of a Right
Honourable Baronet, it is not even the proposi-

tion of a Government—it is the Magna • Charta of
our commerce, the manumission of fettered industry. It is
worthy of the Minister of a country on whose empire the
sun never sets, on whose equal he never shines. Our flag
waves over every sea,our commerce extends to every shore,—
must we then be bound down in narrow limits, must we
submit to paltry restrictions and factious rules ?
Not so ;—the measures proposed on Tuesday night, which
the House must carry or the country will, the
measures of Sir R. PEEL are framed in a broad and com-
prehensive spirit which will render our commerce free and
glorious, as it should be. His speech will convince all not
too prejudiced and partial to heed truth, his plans must be
alarmed by all who wish well for their country. Many have
desired an immediate and total repeal of the corn-laws, yet,
on reflection, they will acquiesce with the present arrange-
ment. In three years we shall have free trade, and three

years are little in such circumstances ; in the mean time the
duty will be greatly reduced—at present only 4s. instead
of 16s. But not alone in corn is the power of protection
destroyed ; duties are remitted or reduced upon articles too
numerous to mention here ; above all, upon those things
necessary for the people's food. Cattle are to be imported
free, and all grain necessary for fattening cattle. No longer
shall our labourers own "they know what meat is, but have
never tasted it." Sir R. PEEL seems to have left nothing
untouched ; his genius has been " universal as his theme."
Even in offering compensation to the agriculturists he has had
an eye to the general advantage. Among other things, he pro-
poses to facilitate the improvement of the soil. This is, in-
deed, a most necessary proceeding. The chief object of a
landowner is to get money, not to lay it out—his land gives
him rent, he gives it nothing in return. The farmers can
afford nothing; they can hardly pay their landlords as it is,
much less devote their earnings to improve the landlord's
soil. And even if they could they would not do so;
for, being mostly tenants-at-will, they are liable at
any time to lose their master's favour, by a wrong
vote at an election, or any act of insubordination, and the
land is taken from them and the money they have sunk in it.
Thus is the soil of England neglected, and by means of those
who call themselves " the friends of the farmer." Sir R.
PEEL will obviate all this. He proposes to lend money upon
Exchequer-bills for the purpose of draining and improving
the land, such loans to be arranged in a manner that will
be satisfactory to all parties, and highly beneficial to the
agriculture of the country. This is only one of a hundred
salutary regulations having for their object the general good,
and dictated by a wise and liberal policy. The great ques-
tion is deferred" for more than a week, but the time will not
be lost; the people respond to the Minister, who only echoes
their own thoughts,
There are some selfish enough to prefer their own interests
—let them learn that the interests of one are the interests of
all. Yet reason is useless, they will not listen to the voice
of the charmer; we must leave them in their ignorance. Sir
R. PEELneed have no fear—the Housemust respond to him;
f not, let him appeal to the:people ; there he is secure. Whigs
and Tories, Radicals and Conservatives, will be forgotten;
the people feel their national enthusiasm, and, as true Bri-
tons, will respond to the truly British measures of their
Minister.

We have received Madrid papers of the 20th, but they
bring no news of the slightest interest. On the Bourse the
Three per Cents. closed at 33%, and the Fives at 23 13-16
both for account.

The Paris papers are almost entirely occupied with the
proceedings in the British Parliament on Thursday, and one
of them devotes not less than seven columns in small type to
the debates. They in general pay high compliments to Sir

R. PEEL as well as Lord J. RUSSELL, and some of them ex-
press the greatest admiration of her MAJEsTr's constitutional
and disinterested conduct. "As to the Queen of ENGLAND,'
says the Siecle, "we cannot too loudly express our admira.

tion at her conduct. In a country where royalty is an in-
stitution, where parties of the most extreme feeling profess a
kind of idolatry, we are indebted to the young female who
sways the sceptre for showing that deference for public opi-
nion and that complete submission to the Parliamentary law
of majorities. With nations less advanced in the practice
of the representative system, kings have been seen to
yield but in appearance to the wishes of the Cham-
bers, and raise unseen obstacles to ruin the combinations
which they have appeared to accept. It has not been the
same with Queen VICTORIA. In reading the letters produced
by Lord J. RUSSELL, it is difficult to know what most to ad-
tithe, the entire abandonment made by the Sovereign of her
prerogative into the hands of the Prime Minister pointed out
by public opinion to her confidence, or the decision with which
the deposit of such an authority was accepted. Certainly a
people whose Government acts with such frankness is capable
of great things." The France, after adverting to the speech
of Sir R. PEEL, adds :—" This is a language which announces
a very firm resolution not to yield to any secondary con-
sideration. The crisis has,•in fact, doubled the strength of

this great statesman. It is probable that success will prove
that he is right, for everybody asks what could be done if he
should not succeed, and no &her person than himself would
dare to accept the burden without presumption and mad-
ness." The following well-expressed compliment to her
MAJESTY and the leaders of the two parties appears in the
Journal des Debats.

" What is worthy of admiration is the manner in which, during,
the whcle of this great crisis, the two statesmen of England compre-
hend their duty towards their country, their Sovereign, and them-
selves. The spectacle which these two heads of parties, forgetting
their rivality, sr only remembering it to turn it to the profit of the
general good, only seeking, in place of exciting mutual embarrass-
ments, to facilitate for each other the task of guiding the destinies of
their country in the midst of a most difficult crisis, is, we think, a
spectacle unique in the history of constitutional Governments. On
one side, we see a man who had emerged from the ranks of the
people, and who, by the force of circumstances, was placed at the
head of the aristocratic party, and on the other, a man taking his
origin from the oldest and most exclusive of oligarchies, and placed
at the head of the popular party—each aiding the other, and the
Queen assisting both, in order that from this union might emanate
the good of the people. That assuredly is a spectacle well calculated
to throw honour alike on the Sovereign, the Ministers, and the
country which presents it."
The discussion on the Address was still going on in the
Chamber of Deputies, but it possesses no interest for the
English reader. According to a Toulon paper, several letters
from the province of Algiers give grounds for believing that
ABD-EL-KADER has once more succeeded in deceiving Mar-
shal BUGEAUD, and that after the affair of Temda, instead of
retiring towards the west, the Emir went and made an
attack upon the Beni-Zoug-Zougs, who had delivered up to
the French BEN-ABDALLAII, the brother of Bou-MAZA.
On Monday the French Funds improved considerably, and the
market closed as follows : —Three per Cents. for cash, 83f. 50c. ; for
account, 83f. 70c. ; Five per Cents. for cash, 122 f. 15c ; for ac-
count, 122 f. 30c. ; Bank of France Shares, 3,375 f. ; Neapolitan, 100 f.
pc. ; Spanish Threes, 90 ; Ditto, Fives, 37M; New Loan, 83f. 30c.
The Share market was less firm, and for cash many of the leading
lines slightly receded, Patip and Orleans leaving off at 1,258 f. 75c.;
Paris and Rouen, 1,030 f.; Rouen and Havre, 735 f.; Avignon, 985 f. ;
Vierzon, 905 f. ; Strasburg and Bale, 255 f. ; Northern, 753 f. 750. ;
Bordeaux, 642 f. 50c. ; Montereau, 455 f. ; Fampoux, 500 f.
Definitiveg uttering freely. at—Lyons, 620 f. ; Tours and Nantes.
556 f.; Strasburg, 54gt. ; Avig no n , 5115 f. Bill PNV

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JAN. 27.

Boulogne and Amiens, 211,1 —East Indian. 114—Great Northern of
Prantlo Constituted, 104—Great Indian Peninsular, S —Jamaica
South Midland Julletion,a 4. Luxeppourg, 2S Orleans and Bor-
deaux, BS—Paris and liolten,"3l)4—Parig and Strasbourg (Gun-
...-
nerou's), 2%.

The Ilon, Edwin Lascelles is Lord De Grey's candidate for
Ripon. It is said that Lord Ds Grey ggpressed his willing-
ness to return the new Attorney-General for Trelpd, but
Would not consent to Mr. Gladstone.

SOUTH UNION, or MANCHESTER
POTTERIES ani LONDON RAILWAY.
TO THE EDITOR OF THE SUN.
sl4,—Borne remarks having appeared in the City article of the
rings of this 44y affecting the South !Non or Manchester Potteries
and London Railway, which are calculated to ini§lead the public, we
are requested.to state that the plans, sections, and hoeke of reference
havo been dilly deposited, and the standing orders of Parliament ccim-
plled with up to this day, for making 4 railway from Cotton-on-the-
Trent Valley Railway to Leek, there to join the Churnet part of the
North Staffordshire, or one of the projected railways, and thereby
eempleting the chain of communication from Manchester to London.
Reports have bpi Industriously circulated by parties who are
Interested in rival -seheines, to the prejudice of this undertaking;
and the report In the Times dr this rqornjpg; appears to emanate
from one of those persons, or else from one Who is ignorant Of
the facts.
We snail feel obligee} by your giving the same publicity to this
statement, ai
nula
4anwi..
ITTEVENS and FEAROI'LI 'Joint Solicitors.
yours, most obediently, .
the
tune' did
are,
Six'
@loath IT Y*()ftices, 17, Flud3' er-street' Westminster,
January 47th, 1f146,

Mr. O'C,,nnpli, aceompani4 d by bis son John O'don-
tlen, Esq., 11. P., arrived in town on Tuesday.
Mr. ronsonby has paired off with Mr. Barneby for a
wCPP:

IMPORTANT NEWS FROM SOUTH

AMERICA.
"Deronport Independent" Office,
Tuesday, Jan. 27, 2 P. 11..

The Cyclops steam-frigate, Captain Lapidge, has just ar-
riyed at this port, after a very short passage, from Rio Ja-
neiro. We are confide,itly informed that she brings dispatches
from Rear-Admiral Inglefield, detailing an account of the
French and English squadrons in those seas having attacked
and taken some fortifications about 150 miles beyond Monte
Video. The French had 75 wounded and 18 killed, the
English 10 killed and.l7 wounded, including two lieutenants
of our squadron among those killed.

The following is a copy of a letter received at Lloyd's this
morning, from their agent at Plymouth :

" IMPORTANT NEWS FROM THE RIVER PLATE, BY lIEIt MA •
JESTY'S SHIP CYCLOPS, OF THE ACTION BETWEEN THE
COMBINED FORCES AND THOSE OF GENERAL ROSAS, PRE-

SIDENT.

" BUENOS AYRES, Nov. 20, 1845.—0 n the 28th of No-
vember, the Procid, French hired vessel, arrived at Buenos
Ayres, bringing word that on the 20th of November, the
combined Anglo-French forces took up their position at
10 A.M., the San Martin, bearing the flag of Captain
Frehonard, leading, followed by the Comus, who, upon
taking up her position had her cables cut through, and went
adrift. One hour and a half elapsed (from want of wind)
before the Dolphin could pass the San Martin, which she did
inside, between her and the left bank of the river. The
action was kept up with great spirit on both sides, until
1 P.m , when a shot from her Majesty's steamer Dolphin;
blew up the Republica° gun-brig, moored at a tete de pont,
above the boom. As the fire from the enemy's works
did not slacken, Captain Hope manned his boats,
and cut away the chain cables and vessels comprising
the boom, thus allowing the steamers to pass,
and take the fort in reverse. This service was performed in a
most gallant style, Captain Hope being exposed to a very
severe fire of musketry. At four P.M., the enemy's fire
slackened, and carts were seen to be employed carrying away
the dead and wounded from the batteries. The batteries
were surrounded by a body of cavalry 3,000 strong, armed
as lancers. At 4 30, the gunners and soldiers in two of the
enemy's batteries were seen to run from their guns and en-
deavour to pass the line of cavalry. These latter charged
upon them, and fur a short time a severe skirmish was kept
up between the two parties. The gunners were ultimately
driven back to their posts, and another attempt was re-
peated on their part with the like ill success. At six P.M.
tho French Commandos-in-Chief proposed to Captain
Hotham to land and carry the batteries. Captain Frehonard
passed up the line of the enemy's fire most
gallantly, and landing at the highest fort, carried
it, and the enemy precipitately abandoned his
position. It appears the guns had been worked in the
enemy's batteries by Englishmen, Americans, and negroes.
A son of Admiral Brown made himself very conspicuous on
the ramparts of one of the batteries, and escaped unhurt.
The enemy's loss amounted to 120 negroes (gunners, &c.),
found dead under their guns, and about 400 whites killed, and

the like number wounded.
" English loss-10 killed, and 25 wounded.
" French loss-18 killed, and 70 wounded.
" Large quantities of ordnance and stores were found in
the works. 19 brass guns were reserved, the rest of the
ordnance destroyed. The Fulton, French steamer, had her
paddles knocked away and her chimney cut through, besides
107 shots in her hull. The San Martin had 104 shots in
her hull. The Dolphin riddled. Lieut. Biickdale, Satellit
killed ; Mr. G. Andrews, clerk in charge. killed ; Lieu
Doyle, of the Philomel,

(From the Times.)

PLYMOUTIf, JAN. 26.—This morning her Majesty's steamer
Cyclops, Captain Lapidge, arrived from Rio de Janeiro
which place she left the 23d of December. The
Cyclops conveys very heavy mails, which were
landed at 10 A.M., and brings the important news of
the destruction of the batteries of Rosas in the Parana,
by the combined fleets of England and France, in
an engagement on the 19th of November, producing heavy
loss on both sides. The Brazilians left 400 dead in the bat-
teries, and are supposed to have carried away an equal num-
ber. On the part of the combined forces the greater loss
fell on the French.

IMPORTANT NEWS FROM
LA PLATA.
(From the Brazil Courier, Dec. 13.)
DESTRUCTION OF THE BATTERIES OF ROSAS, IN THE
PARANA, BY THE COMBINED FORCES OF ENGLAND
AND FRANCE.

On the part of the English there were the steamers Gorgon and
Firebrand, Captain Hope ; corvette Comus, Captain Ingelfleld ; the
brigs Philomel, Captain Sullivan, and the Dolphin, Captain Leving;
the brigantine Fanny, Captain Key. Captain Hotham, commander-
in-chief, on board the Gorgon. .

On the part of the French there were the steamer Fulton, Captain
Mazeres; the corvette Expeditive, Captain d• Miniac ; the brigs
Pandour, Captain Du Parc, St. Martin, and the brigantine Procetla,
Captain de la Itiviere. Captain Trehouart was the commander-in-
chief on board the St. Martin.

On the 18th of November, the combined forces moore 1 about
three miles from Point Obligado.
In the evening the captains of the Fulton and Philomel went in a
boat to reconnoitre the frontiers of the enemy's forces. They found
four batteries established on the right hank of the river. These
batteries mounted about 24 pieces of artillery, mostly of heavy ca-
libre, besides several detached field-pieces. The river itself was
barred by a stockade formed with 24 vessels, bound together by
three strong iron chains. This stockade was placed between the
third and fourth batteries. At one of the extremities on the
right bank were 10 fire-ships ready to be let go; at the other ex-
tremity, on the left bank, was moored the Republicano (Rosas's
brig), armed with many pieces of heavy calibre, and designed to take
in enfilade the opposing ships. Two of these batteries were nearly
on a level with the river, and two others on peaks mote or less
elevated. Lastly, about 4,000 men, infantry and cavalry, were
posted so as to protect the shores, and oppese any landing. The
works were very strong, and evidently under the direction of Euro-
pean engineers, well acquainted with the rules of art ; and the
tenacity of resistance is to be attributed to the fact that the batteries
were served by foreign deserters. . _

On the morning of the 20th, as soon as the mist cleared away, the
combined forces formed in three divisions for the purpose of attack.
The first, under the orders of Captain Sullivan, and composed of the
Phdomel, the Expeditive, and the schooners Fanny and Precede,
received enters to take position towards the south on the left bank,
a little above the batteries, at above 700 metres distance, so as to
take them en echarpe. This manoeuvre succeeded perfectly, and
firing commenced immediately on both sides.
The second division, under the command of Captain Trehonart,
composed of the St. Martin, the Comus, the Pandour, and the
Dolphin, took up a position towards the north, quite close to the
stockade, and in ttont of the batteries, and at the same distance of
700 metres.
This division was not only to attack the batteries, but also the
Reptiblieft-s, whose fire took it in en filade, as before stated. Un-
fertunately, whilst the St. Martin was anchoring, the wind happen-
ing to fail the vessels which followed her, the brig was for a long
time exposed to the fire of the batteries, and this fire was directed
against her with a greater inry, because she was recognised as one
of the Buenos Ayrean squadron captured before Monte Video
The generous efforts, however, of the Dolphin to draw close, suc-
ceeded in effectually assisting the St. Martin by the diversion of her
artillery, and by drawing on herself a part of the enemy's fire. The
St. Martin had already her two only officers and several of her
seamen severely wounded. The Comus and the Pandour had, by
this time, come to take positions as near as the bank permitted, as
well as the Fulton and Precede. to both of which Captain Trehouart
had made signal to join. The battle was then continued with spirit
on both sides. Although the enemy distributed his shot pretty
freely against all opponents, his especial fury was directed against
the St. Martin throughout the engagement.
This brig had 44 men placed hors de combat, two pieces dismounted,
her rigging destroyed, her masts ready to fall—the mainmast
alone having received 11 balls. Notwithstanding all these disad-
vantages, she continued to fight vigorously, when another shot struck
her chain-cable, and at length forced her to quit her position. A
bomb-shell from the Dolphin at the same moment set fire to the
Republicano, which shortly after blew up.
The fire-ships were then launched by the enemy, but being turned
by the current did not produce the intended effect.
The third division, under the command of Captain Bottum, was
composed of the Gorgon and Firebrand (the Fulton had joined the
second division), had waited in observation at the distance of 1,500
metres from the farthest battery, throwing thence hollow projectiles
in all directions. _ _

Captain Hope, of the Firebrand, went in his boat into the midst of
the fire to break the chains which united the stockade.
His intrepidity was crowned with the most complete success. When
once the chains were broken, the strong current opened the line of
vessels forming the stockade, and the Fulton immediately took ad-
vantage to pass 'through and place herself in a position higher up, so
as to cross her fire With that of the first division.

It was at this period that Captain Trehouart, quitting the St. Mar-
tin, which was totally disabled for further service, went on board the
Gorgon to concert with his colleague Capt. Hotham. Thence he passed
to the Expeditive, and made the signal of union to the Pandour and
Proceda ; he then ordered his three ships to run aground at pistol
shot distance from the batteries, upon which they threw a shower of
grape. The corvette, Comus, came up quickly to sustain this intrepid
manoeuvre. At the same time Captain Hotham disembarked with
much skill and vigour 325 English soldiers. This determined con-
duct on the part of the two commanders, executed with equal
bravery and success, overcame the last resistance of the enemy,,and
decided the day.
The first English detachment, under the command of Captain
Sullivan, had been received on landing by a heavy fire of musketry
from the enemy in ambush in an adjoining wood, bat the arrival of
the rest of the troops, wader the orders of Lieutenant Hindle, quickly
put the enemy to flight, notwithstanding the efforts of their cavalry,
which were charging and ruthlessly slaughtering the English infantry.
Captain Trehouart, having likewise landed with his men, shortly
after joined the English, and took possession of the batteries, on
which the enemy discontinued further resistance.
On the morning of the 21st additional forces landed, and completed
the destruction of the batteries. The gun carriages were destroyed,
and the guns broken or cast into the river. Ten bronzed cannon
only were preserved, and shipped on board the combined squadron.
All this day the allied forces remained ashore without being in the
least disturbed.
It was during the hottest part of this remarkable engagement that
Captain Hotharn wrote to his colleague, Captain Trehouart, the
words underneath quoted—words equally honourable to the writer
and tot r party addressed—" If the title of ' brave' has ever been
dese•-tred, it is by you and your crews." "Si le titre de brave a ja-
ete =rite, c'est par vous et vos equipages.
The engagement with the batteries began at 10 a.si., and lasted
till 5 P.m., during which time there was an incessant firing. From
5 to 7 P.M. the landing and the destruction of the works took place.
The loss of the combined forces is—French, 18 dead and 70
wounded. Among the dead. Michaud, officer of the St. Martin.
Among the wounded, the officers are—liello, same ship ; Vernet', of
the Pandour ; Simmonneu, Expeditive ; and David, Fulton. The
English lost-10 dead and 25 wounded, and among the former are two
officers, Lieutenant Brigdale, Firebrand ; and Andrews, Dolphin.
The Fulton has received 104 shots, the Dolphin 107. The St. Martin
has been literally deified. Captain Trehouart had only one officer on
board, anti half the crew hors de combat, or 44 to 96.
The loss of the enemy cannot be ascertained, carts Wind constantly
employed to remove the dead and vrouneli3d ; it must he considerable.
514 fT:I batteries only there were found 40 dead, 251 in one and 150
in the other. Belyate letters state that the neighbouring woods
Contain many dead.
The battle of Obligado is the more honourable to the two services
in that it was not ships of the line and frigates, but merely brigs, and
even smaller vessels, which advanced against batteriei well served,
ptirpethe three enOntha previously, and
well mounted, tin{, well defended hy and Works pre-
which were Ibsight bravely
for seven consecutive hews,
This victor Will destroy the prostio, which has hitherto favoured
Hosas, and Will open to the two-intervening rowers a great work of
The thoroughly cordial understanding which has uninterruptedly
existed between the civil representatives and the naval and military
chiefs of the allies, the energetic conduct of their squadrons, and the
complete union and mutual loyalty with whichi
co- clerated are e.
-e-i----,;,aranteeti of ultimate and early Slicceia.
op tilts -occasion, they

TEE NEWCASTLE BANK.—NEWCASTLE-UPON-TYNE,
calculated to excite any uneasiness in the pcotpanTyheabraenknhout
beenneak
MONDAY.—The failure of the Newcastle bank is not a circumstance
üblic mind, when the
real facts connected with the case are known, and hence the
event has produced no excitement here, nor had the lighte,st
railway deposits, of
liabilities of 'the'
iwtohhne;licrit;din4flidscetau4teletcahreaye,rmlhsebonlidrrfraasomvsen7telniestm,witailutohwdarnihaowtilnet.of
so large' as has Veen' stated in the Londonm4nPacaliemrso,i:coorlltehaie
pr gt4er tguli:lng esCabliahoibi6
lintlPiltiellleP,otpwonB. thteheoper4Limm
to sustain it* credit, till the exiting ptpsiire cal the money market
nartewed ant ulii fli
amount of Valaibl
fP,eIY closed their smircfs of qqcorpPodatio,n.
Thi bank holds a' large
liiiinerliiitelY avrillablO, 04 piny of Ow prOlgictertal:e Plea et "
thoE commenceAGU EATi I t
tDI u
gE DERBY.—The to.--theTirhaetioLetii
P4ted wedt4l 60 that tiwo ii lioaitagei a- tiol
are-LaboljEut
loss.
~. securities, riot bowever
Rtog
million fund. ' The list It beaded by Edwar4 Strutt, Esq., M.P., John
UtheersquoafrtDerorobf ya
§tfiqt, ici,111114'.4. i. atrnti, Esc,. ter 14000 guineas.

sustaining any

MONEY and COMMERCIAL NEWS.
(From The Sun of Last Night.)

The sales of cotton at Liverpool yesterday were 4,000
bales, 500 being on speculation. The market was quiet.
Shares were dull, and there was but little doing.
A t Messrs. Lamond's yesterday the sale was very flat, and
where sales were effected, a considerable reduction was sub-
mitted to for many of the new schemes. There appeared no
buyers except at ruinous prices.-Birmingham, West Brom-
wich,Wednesburv, and Walsall,-13.5.-Essex and Suffolk, Iss.
-Great North of India, 7s. 6d.-Ipswich, Norwich, and Yar-
mouth, 11, Is.-Southampton, Manchester, and Oxford, IL-
Bideford and Tavistock, 10s. 6d.-Chelmsford and Bury, 19s.
-London and Windsor, ss. 6d.-Chester and Manchester,
IL 45.-Bideford and Tavistock, 12s. 6d.-London, Bristol,
and South Wales, 155.-London and Manchester (134strick's),
3'. 165.-Great North and South Wales and Worcester,
Os. 6d.--Great Western of Bengal, 145.-Larne, Belfast, and
Ballymena, 11. 10s.-Worcester and South Wales, 11. 7s. 6d.
-North Stafford, Churnet, and Potteries, 4/. 17s. 6d.-Lon-
don and Birmingham Extension, and Northumberland, Da-
ventry, Leamington, and Warwick, 17s. Od.-Reading,
Guildford, and Reigate, 11. 25.-Eastern Counties, ex new
and ex div., 21/. 10s.-London and Windsor, 55.-Louvain
and Jemappes, 21.65.-Great North and South Wales and
Worcester, 65.-Bordeaux, Toulouse, and Cette (Mackenzie),
21.-London, Hounslow, and Western, 15s. 6d.-Leicester,
Tamworth, Coventry, Birmingham, and Trent Valley, 21.85.
-Sheffield, Buxton, and Leek Potteries, 135.-Bideford and
Tavistock, 125.-South Midland, I/. 55.-Waterford, Wex-
ford, Wicklow, and Dublin, IL 2s. Fd.-Norwich and Bran-
don, New, 61. 55.-North Staffordshire, Churnet, and Pot •
teries, 4/. 18s.-East Indian, 11.75.-Calcutta and St. George's
Point, 10s.-Great Western of Bengal, 155.-Great Indian
Peninsular, lls. 6d.-Ipswich, Norwich, and Yarmouth,
1/. 59.-Great North and South Wales and Worcester. 6s 6d.
-Isle of Jersey, 18s.-Ditto, 198-London and. Windsor, 58.-
Ditto 65.-Northampton, Banbury, and Cheltenham, 2/. 4s.
Sheffield, Buxton, and Leek Potteries, 135.-Ipswich, Nor-
wich, and Yarmouth, 11. 39.-Ditto, 1/. 4s. 6d.- Liverpool,
Preston, and North Union, 11. ls.-Birmingham, West
Bromwich, Wednesbury, and Walsall, 125.-Manchester,
Midland, and Great Grimsby, 2/. Is. 6d.-North Staffordshire,
Churnet, and Potteries, 41. 18s.-Ditto, 4/. 17s. 6d.-Oxford
and Cambridge. 155.-Great Indian Peninsular, 125.-Ditto,
12s. 6d.-London, Oxford, Cheltenham, Gloucester, and
Hereford, 7s. 6d.-Peterborough and Nottingham, 155.-
Chelmsford and Bury, 17s. 6d.-Direct Norwich, 2s -Corn -
wall, Half Shares, I/. 10s. 6d.-East Coast, 18s.-Derby,
Gainsborough, and Great Grimsby, 18s.-Surrey Grand
Junction, 7s. 6d.-Bordeaux, Toulouse, and Cette (Macken-
zie), 21.-Chester and Manchester, 1/. 4s. 6d.-Ditto, 1/. 4s.
-Chepstow and Forest of Dean, I/. 55.-Worcester and
South Wales, 11. 7s. 6d.-Assam Tea Company, 111. lOs -
Ditto, 11/. 155.-Worcester, Hereford, Ross, and Gloucester,
1/. 78. 6d.-Cornwall and Central Devon, 11. 15s. 6€1.-Read-
ing and Reigate, 11. 35.-Great North of India, 7s. 6d.-
Ditto, Bs.-Calcutta and St. George's Point, lls. 6d.-South-
ampton, Manchester, and Oxford, 285.-Cork and Lime-
rick, 12s.
Accounts, of November 15, from Buenos Ayres, state that
there had beey some angry debates in the House of Repre-
pentatives against England and France, but this is only what
we might expect. We have had later dates by way of Rio
de Janiero. _ _ _

The extraordinary interest felt to-day in the development
of Sir Robert Peel's plans we need hardly mention, but the
Evening Edition of The Sun had already informed the me-
tropolis throughout its length and breadth, and to-day was
merely needed for the digestion of that information. Most
parties seem satisfied, though of course there are points which
could be improved,
There is another failure to-day. A merchant's house, de-
prived of its ordinary discount support, has fallen into diffi-
culties, and it is said for some amount. . .

The public Securities are better to-day, and there is a
disposition to look upon matters in a more favourable light,
so potent are the influences of enlightened legislation, so
intense is the feeling of the important. bearing of free trade
doctrines upon the public mind. It is true there is no
marked advance, but yesterday, with the unfavourable news
from America, prices were going decidedly lower, and this
retrcgrade movement seems to be checked. Consols have
been 94% to % for present transfer, and 943/4 to 95i for
time. Exchequer bills have advanced from 19s. to 275.
premium, owing to a purchase just effected. Bank Stock
has been quoted 206 to 207. The New Three and-a-Quarter
per Cents. are worth 967 to 9714.
The Foreign Bonds are still neglected. Spanish Five per
Cents. have been 28 ; Portuguese Three per Cents, 60 ; Bra-
zilian, 82 ; Mexican 30 to 3014 ; Russian Bonds have been
firm at 113, and Dutch Two-and-a-Half per Cents. have
realised 593/4 to 60.
Shares are heavy.

ONE CLOSING
B BRITISH FUNDS. O'CLOCK. PRICES.
Tank Stock .. .. .. .. .. .. .. 207 206 206
hree per Cent. Annuities .. .. .. 953 95 9514 9514
Three per Cent. Consols Annuities .. .. 94% %% % 94%
New Three-and-a-Quarter per Cent. Anna. 96% 97 4 97
I ong Annuities, Expire Jan. 8, 1860 .. 103 7-16 10 7-16
Ditto, 30 years, Oct. 10, 1849 .. 101 103(
Ditto, 30 years, Jan. 5, 1860 .. .. 103 103
India Bonds, 1,0001. .. .. .. .. .. 25 25
Ditto, under 1,000/. .. .. .. .. 25 25
South Sea Stock .. .. .. .. • • • • 104%
Const is for Account .. .. .. .. .. 95 94% 95% 94%

Exchequer Bills. I%d. I%d.
1,0001. .... 21 19 27 pm. 27
5001. .. .... 21 28 pm. 28
Ditto, Small .... 21 28 pm. 28
ONE CLOSING
FOREIGN FUNDS. O'CLOCK. PRICES.
Brazilian Bonds, 5 per Cent .. 82 82
Ditto, New Bonds, 1829 and 1839 .. 80
Mexican Bonds. 1837, 5 per Cent .. 3014 30 30
Portuguese Bonds, 5 per Cent .. 76% 76%
Ditto, 3 per Cent .. .. • . 60 59%
Russian Bonds .. .. 113 113
Spanish Bonds, 5 per Cent .. .. 28 28
Ditto, Three per Cent .. 38%
Venezuela Ronda, 2 per Cent .. 42
Dividends on the above payable in London.
Belgian Four-and-a-Half per Cent .. 98 98
Dutch Two-and-a-Half per Cent .. 60 59% 593,4
Ditto, 4 per Cent. Certificates .. 95 94% 94%
PRICES OF BUSINESSCLOSING
DONE AT
RAILWAY SHARES. PAID. PRICES.
ONE O'CLOCK.
Birmingham and Oxford Junction 2 .... . 2%
Bridgewater and Minehead 425. 1 dis.

Buckinghamshire .. .. .. .. 425.
Caledonian .. .. .. .. .. 10

•• !414 •• •• - Yg P
.. 1414_14P

Ditto New ........
Chester and Holyhead .. .. 20 .... 21U .. 2!

Cornwall ..

Cornw.lll and Central Devon .. 2% .... .
Dartmouth, Torbay, and Exeter.. 425. .... 3%
Derby and Crewe .. .. • • •• • • 2% .
Eastern Counties .. 141. 16s. .... 21% 22
Ditto New .. .. 6/. 16s. .... 76% p
Do. Perpet., 5 per Cent. No. 1. 61 13s. 41. p — p
Ditto, ditto, .. .. No. 2. 6/. 13s. 4d. ;4 % p % p
Exeter, Yeovil, and Dorchester .. 2%.... 254
Goole, Doncast., and - heffield, &c. 425..... 1% 1 p 1p
Grand Union (Nottingh. & Lynn) 1% .... 13z l%
Gt. Grimsby, Louth, 'Him., &c... 425. . ..... % dis.
Great Southern & West. (Ireland) 15 ....
Ditto, Extension .. 12% 19 .. .. 19
Great Western 85 .. .. 103
Ditto, Half shares .. 50 .... 92 ..
Ditto, Quarter Shares .. 5 .... 1914 20
Hull and Selby .. .. 50

Ditto, Halt hares .. • . .. 7 26% 26%
Ipswich, Norwich, and Yarmouth 2 .... .......... I►%
Leicester and Bedford .. 225. %% p...... % p
Leicester, Tamworth, &c. 425. p par.... par
Liverp., Manch., & Newc. Junet• 2►4 .... 3%%. 3%
London and Birmingham .. ..100 ....223 .......... 223

Ditto, Quarter Shares .. .. 2 .. .. 274 .. ..... ...
London and Blackwall .. 161. 13s. 4d. .... . .....

Ditto New 21/, .... 4% 4%
London and Brighton .. .. 50 .... 68% 68 ...... 68
London and Croydon .. .. 131. 15s. 9d. 22% 22 ...... 22%
London and South-Wes'ern.. 411. 6s. 10d. 77% 77%
London and York .. 2% 4%%........ 4%

London, Warwick, & Kiddermins. 2g .... ig:-......
Manchester and Leeds.. .. .. 82 .... .......

Ditto, Fifths

1

....... 12%

Manchester and Birmingham .. 40 .... 78'
77;! 773¢
Do. Cont. and Welsh Junction I -

Manchester, Buxton, & Matlock % 11,E p 1% p
Manchester and Southampton .. 2 .... 2% 2%
Midland .. ..100 ....153 154 152 154 154
Ditto, New .. .. 12 .... 28% 29 29
Newcastle and Darlington Junct. 25 .... 57 58 .. 56
Ditto, New, Brandling .. 28 .... 53 52 . ..... 52
Newcastle and Berwick .. .. 10 .... 21 ...... . 21
Newark, Sheffield, and Boston .. 2%.... 2%......
North British .. 17%
Ditto, Half Shares .. .... 7_
7

Ditto, Carlisle Extension .. l'C .... 3% .
Northern and Eastern .. .. 50 .. .

North Devon

Ditto, New .. .. .. .. 1 .... 18% lB%
North Staffordshire .. .. .. 425. •• .. 2ye 3% p.... 3% p
North Wales .• • • .. .. .. 3% .... 3% .
Norwich and Brandon .. .. .. 18 .... —..........—
Ditto, New .. ._. .. .. 3 .... 6%
Northmpton,Banbury,&Chelthm. 2 .... 2 .......... 24
Pertk and Inverness • • .. .. 234 .... ••••• • • • • • 1%
Portsmouth Direct . • • • .. 3%.... 4% ..
Rugby and Huntingdon .. .. 2 .... 1% % ........ 1%
Shrewsbury and Birmingham .. 2%.... 334 % ... ..... 3%
Shropshire Union .. • • .. .. 42...... 34 dis. par .. par
South Midland . . .• .. .. 42s .... 1% % p•• •• .. 1% p
South Eastern and Povor .. .. 38% .... 39%
Do., New(do 33/. 65.8 d.) No. 2. 10 .... .••• • • • .. 13%
Do., New (do. 151.) .. No. 4. `2%.... 3% %........ 354
South Wales .. .. .. .. .. 5 .... 5% .......,... 5g

Vale of Neath 2
Waveney Valley .. .. 2 .... 1 1
Welsh Midland 2% .... 2% 1% l%

Wilts, Somerset, and Weymouth 23{ 3
Worcester and South Wales .. 425..... % dis. ..... • % dis.
York and Carlisle .. .. • • ••2••••2% • • .. • . • • • 23%
York aid North Midland ..........
Ditto, Half Shares 25 .... 56 ...... •• .. 56
Ditto, Selby .. 30 .... 85 . ...... 85
Ditto, Extension .. .. 15 .... 373 38% .... 3834