The Sun.
London, England, 1848-01-20 00:00:00

--------
been held in Paris, on Wednesday, under a police-

evidence before the Committee on Agriculture,
in 1836, that "but for the Bank restriction
the war must have come to an end, that we should
have been forced to make peace in 1797." And he
also stated, "that we could not otherwise have carried
it on upon the same scale, or anything like the same
scale of expenditure or exertion." Need we say how
' utterly useless an attempt at resistance would have
' been if conducted with inferior:energy, or by a smaller
body of troops ? It was the unflinching determination
which we manifested on that occasion that alone• en-
abled us to maintain the contest ; the slightest relax..
ation must have been followed by a defeat, and
Britain might now be known as a French province,
or, perhaps, dignified with the title of " Insular.'
France." Why, then, should we deliberately relin-
quish in times of peace those doctrines and principles
which were proved to be so efficacious in more trying
periods ? Is it that national prosperity and
universal industry are to be averted ? Is it that
_ _

other evening in recounting the massacre of the
Milanese by the soldiers of METTERNICH. Since that
first ebullition, since the blood of its citizens was
washed from the flagstones of the capital; since the
dead were carrie=s to the charnel-house and the
wounded to the hospitals—the fever of the Lombards
has daily d even h ourl y increased. Military demonstra-
tion's have failed to awe the community into obedience.
Threatening proclamations have been equally ineffec-
tual. And the reason of this is, that the tocsin of
Liberty is ever ringing—not, as of old, in the church
turrets, but in the hearts of Italy. Fresh outbreaks
ore not only anticipated in the Austrian possessions,
they have already transpired. A sanguinary collision
appears to have taken place on the Bth and 9th inst.
between the garrison of Pavia and the students of the
University. Numbers are already crossing the fron-
tiers of Sardinia, and enrolling themselves in
the battalions of Turin. The more adventur-
ous among the Italian subjects of FERDINAND
are swelling the ranks of that patriotic army
which, under the banners of CARLO ALBERTO will
(Gen willing !) achieve the independence of the
Peninsula. Circumstances are occurring, indeed,
every moment, in Milan and elsewhere throughout
Lombardy, such as tend to confirm the inhabitants
in their sentiments of devotion to the cause of their
social and political emancipation. Among the most
striking of these have been the voluntary disband-
ment of the Noble Guard, instituted in 1838, on the

law of 1790.
" That law," argueg the Constitutionnel,7 "by
no means contemplated political .meetings. It con-
templated nocturnal assenilies in streets, markets,
fairs, theatres, cafes, chur,-b;hes, &c. The right to
hold electoral banquets (says the same journal) rests
clearly on the laws of 1831 and 1834, which apply
to periodical meetings and societies, leaving un-
touched accidental meetings for defined purposes."
The Sicle says, " The counter• revolution has
thrown off the mask ; the policy of the Government
enters upon a new phase of resistance to the most
legitimate wishes of the country. Yesterday the
Minister said No Reform;' to day, he says No
more roanifeatations, save according to my good will
and pleasure such declaration ought to make bound
with delight the passions ennemies so imprudently
pointed at, for it givta their acknowledged force a
new action upon the public mind. How much must
they feel afflicted who, like us, had hoped that
France would at length find repose and liberty
in the fair exercise of her constitution ?" Having
shown that the law of 1790 is inapplicable,
this journal proceeds :-"
it The question must be dis-
cussed in another place : will be brought before the
tribunals. We are: exercising rights that belong to
us, and which do, not depend on your toleration.
But it cannot be concealed that the Ministry has
fatally rushed into the road of provocations. One
would be inclined to, say that it felt itself in the
alternative of either cmnpromising the Chambers and
the Throne, or of falling by its own misdeeds, ac-
cording to M. DE Boissrs expression, into the
prisoner's dock. There are decisive movements in
the history of all nations when truth flashes into the
darkest intrigues. We are in one of these mo-
ments, and the country ought to take warning."
PARIS Bounsz, WEDZIBSDAY, JAN. 19.-A con-
siderable degree of gloom still continues to hang over
the Bourse, the general opinion being, that notwith-
standing the contradiction given to the unfavourable
reports of his MAJESTY'S health, it is in anything but
a satisfactory state. Threes opened at about the
closing prices of yesterday, and, after fora short time
making a slight movement upwards, again gave way
to close at 73f. 40c. Fives have also closed lower than
yesterday ; after haying been done at 115 f. 80c., they
left off heavy at 115 f. 50c. New Loan was last called
at 74f. 50c. The market closed as follows :-Three
per Cents. for cash, 73f. 45c. ; for account, 73f. 40c. ;
Five per Cents. for cash, 115 f. 45c. ; for account,
115 f. 50c. ; New Loan, 74f. 75c. ; for ac-
count, I'4f. 50c. ; Bank of France shares, 3,180 f. ;
Neapolitan, ex div., 99f. 25c.; Spanish Threes, not
quoted ; Fives, 25k.
RAILWAYS.-The share Market has been heavy,
but prices have not generally undergone any const-
able alteration. For cash, Paris and Orleans closed
at 1,177 f. 50c. ; Paris and Rouen, 885 f. ; Rouen and
Havre, 432 f. 50c.; Avignon, 552 f. 50c.; Vierzon,
500 f. ; Strasburg and Bale, 160 f. ; Nantes, 377 f. 50c.;
Northern, 521 f. 25c.; Paris and Strasburg, 401 f. 25c.;
Paris and Lyons, 390 f. ; Montereaux, 257 f. 50c.
BUSINESS: DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE. JAN. 19.
Northern of France, ex int.-Orleans and Bour-
deaux, 5-Paris and Lyons, 514-Sambre and Meuse, 714.

the wealthier classes, from whom our legislators are
chiefly selected, desire to maintain the exclusiveness
of their position, and to prevent any intrusion on
their ranks? If such be their object they have cer-
tainly succeeded, for there is now but little prospect
of any person acquiring wealth by trade or com-
merce, and the most unremitting industry will
scarcely enable those who have no hereditary fortunes
or accumulated capital to do more than provide for
the , daily wants of their families ; and it AM be
utterly useless to attempt to put anything by for a
rainy day, or to form the nucleus of a future fortune.
General HARRISON, formerly President of the
United States, well exposed this consequence of a
metallic currency upon the condition and character of
a nation. In his inaugural address as President,
in 1840, be said, " The idea of making
it (the currency) exclusively metallic, however well
intended, appears to me to be fraught with more fatal
consequences than any other scheme (having no re-
lation to the rights of citizens) that has ever been
devised. If any single scheme could produce the
effect of arresting at once that mutation of condition
by which thousands of our fellow-citizens, by their
industry and enterprize, are raised to the possession
of wealth, that is one. If there is one measure better
calculated than another to produce that state of things
so much deprecated by all true republicans, by which
the rich are daily adding to their hoards, and the
poor sinking into penury, it is an exclusively me-
tallic currency—or, if there is a process by which the
character of the country for generosity, and nobleness,
and feeling, may be destroyed by the great increase
and necessary toleration of usury, it is an exclusive
metallic currency." Are these remarks only appli-
cable to our transatlantic brethren ? Do they not
apply with equal force to ourselves, and to 'our
mixed currency of bullion, and notes convertible on
demand, the issue of which his wholly regu-
lated by the amount of bullion in the Bank cellars,
and which no possible combination of circumstances
can alter or vary without a violation of the law ? Let
our Legislators maturely consider these observations,
and let the several constituencies insist upon their
representatives directing their immediate attention to
,his momentous question.

coronation of the reigning EMPEROR at Milan, and the
funeral rites performed with extraordinary solemnity
in the church of La Gran Madre de Dio, at Turin; by
way of commemoration for the unfortunate patriots
who have been recently sacrificed by the mercena-
ries of Venetian-Lombardy. The consequence of
these remarkable movements in northern Italy can
only be dimly conjectured from the sullen determi-
nation with whichlthey have been accomplished. We
raust:tarry and watch—with how much solicitude it
were superfluous to declare. The tide, the turning-
point,
the crisis in the affairs of the population of
Lombardy, has arrived. Whether the chains of the
KaisEe. can be effectually destroyed the strong
hands, and the brave hearts, and the resolute wills
of the people have yet to demonstrate. Before them
are the armaments of FERDINA.ND ready to bristle
over the top of the Carpathian mountans—at their
back, and side by side with them, are their
liberated brothers of the League. Let the
men of Venetian Lombardy fraternise in act and
thought with the Piedmontese, with the Lucchese,
with the Tuscans, with the 11.1odenese, with the peo-
ple of Parma and its dependencies, with their brethren
in the states of the Church—let them remember that
beyond Savoy are the valiant confederates of Swit-
zerland, and that beyond Sardinia and beyond the
Belearic islands, and past the Straits of Gibraltar,
there is the most venerable of the European homes of
freedom— let them consider the integrity of
their motives and the eternal vitality of the
principles they have originated—and then gal-
lantly, hopefully, determinately— On wards ! One
reflection ought to be enough of itself to render their
progress irresistible, namely, that by geographical
position they are in the vanguard of Italian emanci-
pation, and that in maintaining their own rights they
are maintaining the aggregate rights of the whole of
the Roman peninsula. That thought should be the
Casarem vehix, to carry them triumphantly through
the storms of the present epoch.
Elsewhere the work of Italian reform is proceeding
to admiration. Not only is the new ruler of Parana
evincing a disposition to join the leaders of the League
in their struggle for the development of their
o ommon nationality, but ;the hereditary Prince lets
been nominated the commander-in chief of the
troops of the principality in the place of the Austrian
BOMRELLES. At Rome the benefits ensured by the
recent reform in the Pontifical councils are already
beginning to be partially manifested. The cata-
logue of the non Ministers was given in detail
in our impression of yesterday evening, and is not
only satisfactory in as far as it still secures the
Presidency of Cardinal FERRETTI, but in the selection
of men so enterprising as Cardinal Massimo, and so
profound in learning as that proverb of erudition and
monster of languages, Cardinal MEZZOFANTJ. Under
such aupices the great labours of advancement can-
not but be conducted to a felicitous consummation.

The new Duke of PARMA, the Duke of MODENA,
and the Emperor of AUSTRIA, have signed a treaty of
alliance, offensive and defensive, as well as a customs
league, intended to counterbalance the Italian league.
Treviso is in full insurrection, and Bergamo and
Brescia greatly agitated.
I'ontremoli was surrendered to the Duke of
Mo-
DEIVA on the 3d inst. _

CAPE OF GOOD HOPE.
(FROM OUR CORRESPONDENT.)
By the arrival of the Glen Huntly, from the Cape
of Good Hope, we learn that Colonel Somerset, with
a detachment of troops, had made a forced march
against the chief Pato, and defeated him with con-
siderable loss. Sandilla is a prisoner in Graham's
Town, where Umkie, a neutral, had also arrived.
Macomo has taken refuge in Port Elizabeth. The
two latter are now our friends, living on our bounty.
The Lieutenant-Governor, Sir Henry Young,
quitted Graham's Town on the 3d November, to
return to England, there being no easier method of
getting to Adelaide from the Cape. He had received
a valedictory address from the inhabitants of Gra-
ham's Town, and it appears by the paper before us
that no public officer in the discharge of official duties
ever pursued a more steady and direct course, or
displayed more tact, zeal, and ability than this officer,
lie now takes his departure from this province with
the best wishes and high respect of the inhabitants
at large.
Her Majesty's ship Athol left Algoa Bay for the
Mauritius and Ceylon, with troops, on the 28th of
October.

Considerable dissatisfaction has been excited in
Rome, in consequence of the total exclusion of lay-
men from the new Cabinet, and the first act of the
Ministry has tended rather to aggravate than to 'allay
it. They have published a circular, signed by Cardi-
nal FERRETTI, establishing a more rigorous censorship
of the press than had before existed, and reserving to
the Bishops alone the right of exercising the censor-
ship on works of morality and religion.
The Prussian State Gazette has the following :

"The Emperor of Austria has made known in an
autograph letter that the present state of the Lornbar-
do-tienetiau kingdom might be considered as revolu-
tionary, and that consequently the authorities were
ordered to take the necessary measures for the re—
establishment of tranquillity and public order in the
country."

During the past week, in noticing an admirable
article contained in the Westminster Review, for the

present quarter, we alluded to the probable conse-
quences of an " appreciation " of the value of money
on the one hand, and a " depreciation" on the other,
and pointed nut that practically they mean either in-
iusticg to " the few," or injustice to " the many."

Madrid journals of the 13th have arrived.
On that day General NARVAEZ presented to the
Congress a Bill authorising the Government to re-
ceive the taxes, and intimated that he should con-
sider the rejection of it as tantamount to a vote of
want of confidence, and in such case should retire.
General ESPARTERO, on the 13th, appeared in the
Senate, and took the oaths and his seat. There was
a crowded attendance, and the appearance of ESPAR-
TERO was the signal for the most enthusiastic cheer-
ing. When the sitting was over, NARTAEZ went up
to him, greeted him cordially, and remained convers-
ing with him for some time. The streets were
crowded ; there were no shouts, but every one present
took off his hat, and saluted EsPARTERO as he passed.
MADRID BOLSA, JAN. 13.—Threes, 261 27 ; Fives,
15k. Exchange on London, 48 20.

(From the Times.)
We have received papers from the Cape of Good
Hope, per the ship Glen Huntly, Captain Barr, down
to the 15th of November.
At that date the Kafir war was proceeding favour-
ably, as the chief Pato had been defeated by Colonel
Somerset.
The Lieutenant-Governor of the Eastern Pro-
vince, Sir Henry Young, bad left Graham's Town for
Cape Town, whence he would probably proceed to
England.
The following are the particulars of Pato's defeat,
as given in the South African, from the Graham's
Town Journal of November Gth :---
FRlDAY.—Dispatches have just been received from
head-quarters in Kafirland, detailing a most success-
ful and spirited attack by detachments under the
command of Colonel Somerset, upon Pato and the
Kafirs who are led by him. It seems that on Satur-
day last Colonel Somerset, having reason to believe
that the enemy was in force at some distance in his
front, immediately determined upon msking a forced
march, with a view, if possible, of bringing him to
au engagement. Pushing forward, therefore, with
some strong detachments of light troops, chiefly
Cape corps, and Captain Hogg's levy, Colonel
Somerset succeeded, by a night march, com-
pleting a distance of thirty miles, in reaching. on
Sunday the broken country, on a stream called the
Checabe. Here having halted, Kafirs were shortly after
seen galloping up the adjacent high ground, exposing
themselves to observation much more daringly than
had been the case for some time previously. Still it
was scarcely expected that the enemy contemplated
making a serious stand, the prevalent opinion being
that he was merely watching the progress of the
troops, anxious to see them move down the opposite
declivity. At this time Captain Somerset, with a
single orderly, having rode forward to some distance
from the troops, found himself suddenly in front of a
party of Kafirs, whom he eluded by immediately
falling back. Before, however, he could rejoin
the troops, a strong body of the enemy poured
down upon him ; his orderly was shot
from his horse, and he himself only es-
caped :by making a dash through the savages, and
trusting ratter to the mettle of his steed than to the
chances of a contest between a single individual and
a score of infuriated foes. The Kafirs, after having
narrowly observed the movements of the British
force, then passed to the left. and ascended a height,
distant about a mile in front, where they took up a
very strong position, evidently with a determination
to dispute their further progress. Colonel Somerset
was not, however, disposed to balk their anticipation
of a fight, and hence, no sooner did he ascertain their
position, than he formed his men and put them in a
position for attack, waiting with a good deal of impa-
tience for the arrival of Captain Hogg's levy, which
was about a mile in the rear.
Every arrangement having been made, the advance
under the immediate command of Colonel Somerset,
the Cape mounted rifles being led (in the absence of
Major Armstrong) by Captain O'Reilley, wound
slowly up the face of the hill, the Kafirs being most
advantageously sheltered under cover of some im-
mense rocks. The troops kept steadily advancing
until within 80 yards of the enemy, when orders being
given, the bugle sounded the gallop, and the next
minute the troops had crested the hill, dismounted,
and were in among the enemy. The Kafirs at first
opened a running fire, but being pushed vigorously,
in 20 minutes they were driven from their position
down into the ravine below. From this also
they were speedily dislodged, leaving behind them
their arms, karosses, and several horses. They fled
into the adjacent valleys, which deeply intersect that
section of country, and present the most favourable
position that could be desired by Kafirs in carrying
on their peculiar mode of warfare. Only 17 of the
enemy were found killed in this affair, but it is
affirmed that many more must have fallen, the Kafirs
carrying off as many of their dead and wounded as
possible, as was indicated by the numerous blood
tracts which were seen along the line of their retreat.
The Kafirs keeping under shelter, their numbers
could not be estimated, but their main body is
supposed to have been not less than 800 men, besides
some detached parties posted so as to take advantage
of any circumstance which might turn up in their
favour. The accounts received by us do not state the
casulties on our side, which, however, we have reason
to believe, are comparatively trifling. The Kafirs,
for twenty minutes, maintained a sharp fire, but
which seems, probably from the abruptness of the
acclivity, to have been very ineffective. The weather
is described as extremely severe, heavy and continued
rains, but, our men were in good health, Colonel
Somerset, with his usual zeal and activity, being

That view of the subject had been fully recognised,
even before the passing of the fatal Act for the re •
sumption of ca:h payments, which has led to such
repeated fluctuations in the value of money, and
occasioned a greater degree of misery and distress
during a period of universal peace arid tranquillity
than existed when we were subjected to the
horrors of war, and a greater amount of

money was annually expended in carrying
on hostilities, and subsidizing the greater portic,n of
the Continent of Europe, than has recently been paid
for the bread-stuffs imported into the country since
the first appearance of the mysterious visitation that
destroyed the only food of a large portion of the
inhabitants of the British Isles. The Right lion.
WILLIAM liusiussoN, in speaking of the effects pro-
duced on the industrious classes by such an apprecia-
tion or depreciation, said—" When prices are con-
tinually rising, all the active classes .are benefited,
and annuitants alone are placed in a worse position ;

We have received the Paris papers of Wednesday

The Journal des Debats announces that the ICING
will on Thurday receive the grand deputation of the
Peers appointed to present to his MAJESTY the Ad-
dress in answer to the Speech from the Throne.
The Address, as we announced yesterday, was
agreed to by the Chamber, hut not without a divi-
sion. The numbers were—for the Address, 144 ;
against it, 23. In the course of the discussion,
M. DUCIUTEL, the Minister of the Interior, made a
declaration on the part of the Government of its de-
termined opposition to all electoral reform, and that
not only for the present, but for the future also—in
short no reform measure can be carried so long as the
present Ministry shall remain in office. This decla-
ration was received with murmurs of disapprobation
even in the Chamber of Peers. The Guizot Ministry
is throwing off all disguises, and appearing in
its true character, a parti-pretre Government,
aVillele Ministry without the Villele financial talent.
As a proof we may mention the fulsome eulogiums
lavished by the Journal des Debats on the Count DE
MONTALEMBERT, the acknowledged leader of the
Jesuit party in France.
The debate on the Address in the Chamber of
Deputies was to have commenced yesterday. MM.
BERYILLE, DARBLAY, DESMOUSEAUX DE GIRRE, and
Ducos, have inscribed their names to speak against
the Address generally, and M. DUYERGIER
Ds
HAURANNI to speak against the paragraph relating
to the Reform banquets.
The Constitutionnel says that on Monday M.
DUPIN laid on the table of the Chamber of Deputies
the following proposition :
" Article proposed to be substituted for the 178th
article of the Criminal Code on the Corruption of
Public Functionaries.

but it is better that any loss should fall on them than
on the productive classes, the effect of a rise in price
on them would, perhaps, force them to greater eco-
nomy, and at most abridge their comforts—but while
they are reduced to this, other classes are benefited.
But the effect of a falling market on the industry of
a country is very different. If the value of a man's
stock were only reduced one-tenth, perhaps that one-
tenth might amount to the whole of his own capital—
the nine-tenths might be borrowed. The fall natu-
rally alarms the creditor, who, by urging his demand,
forces sales, by which the difficuhy is increased. In
such a state of things it is impossible that the revenue,
depending as it does so much on the active classes,
should not fail." Such was the opinion of one of the
most remarkable men of modern days, the statesman
who introduced to Parliament the free-trade doctrines
originally propounded by ADAM SMITH, and which
have at length been recognised, except in the most
important point of all—the circulation of the country
—by the great majority of the Legislature.
The question, then, is one of the most vital
importance to every one anxious to earn his livelihood
by his own exertions, and actuated by a laudable
ambition to improve his own position in so-
ciety, to give his children advantages which
he did not himself possess, and to en
able them to take their stations among the
magnates of the land. In earlier days it was the
policy of the nation to encourage such transitions.
The son of the tradesman became the merchant or
manufacturer, and his offspring were ranked among
energy
the landed proprietors and aristocracy of the kingdom.
were then as the mightiest general of modern times,
in derision styled us "a nation of shopkeepers;" but it
wacmtivtehe power derived from our commerce, and the
of our people, which enabled us to arrest
hcoismperaongrdehssur, l
to
fromoppose his arms, and finally to over-
his exalted station the conqueror
ri
of Continental Europe, Had
liberties—asw e desired
have
teo
sincepre-
serve
of the standard" at any cost, and
t o
sacrifice
at
ttgty
s shrine the
soreadilyofferedup—the happiness, and prosperity
of the peop
descendant or relative of NAPOLEON
le, a
would, in all human probability, still occupy the
thrones of France and Italy, and the Buonaparte dy-
nasty would be recognized in Spain, Holland, Naples,
and Westphalia. But we were not then sobigoted to ab-
stract principles. Gold was not so slavishly worshipped,
It was not elevated to the despotism that it has since
assumed. In place of being a tyrannical master, it
was a most useful servant. By means of an incon-
vertible currency we were enabled to make those
gigantic exertions which terminated in the triumph
of the British arms. Had we then insisted that
up
pnidn
ntharoseersboafsetdhupßoeannhiub:ome
'lathing but specie, or the larger denomination of
pilednotes
to circulate, we should heav bsrlhloeoldlti lodluyrbi
and yielded an obedience ourselves v euselesslypermittedbefore
to the dictates of
France. Lord Asnurnrrom (no mean authority
on such subjects) his told a* in his

" Every public functionary who shall be convicted
of having trafficked with his place in asking for or ac-
cepting gifts or promises for the purpose of inducing
him to tender his resignation, shall be condemned,—
first, to civil degradation ; secondly, to a fine double
the amount of the price received, or equal to the
price stipulated for, where such price shall not hare
been paid ; and, thirdly, to an imprisonment of not
less than three months, nor more than five years.
The same punishments shall be inflicted on all persons
who shall knowingly have taken part in such nego-
tiation, whether on their own account, or as agents
on the account of others.
M. LEGRAND, who has accepted the office of Vice-
President of the Board of Commerce, has been re-
elected Deputy of Mortain by a majority of 215.
M. BILLLULT has given notice of the following
amendment, which he intends to propose to the
fourth paragraph of the Address :—" We join
in your MAJESTY'S prayer, but at the same
time ask,
above all things, of your Government
to unceasingly endeavour to develop the morality of
the people, and no longer expose itself to be weakened
by fatal examples." M. DE BUSSIERES is appointed
Ambassador to
present the FrenNchapClhesar, gaend d'Al‘ffLaiDreEs Ri
nars
Russia,
, willat
be appointed Ambassador to Greece. The Marquis
of DALMATIA will not go to Russia.

In reply to a question from Count D'ALToil Sus} in

the Chamber of Peers, M. DUCHATEL said, that he
had ordered the Prefect of Police, to prevent the
bolding pf thg llama bAnquet intended to bate

THE SUN, LOND ON, THURSDAY EVENINGrI JANUARY 20, q 34.8.

determined to push on and carry out to the letter the
instruction received by him from the Commander of
the Forces.
It is affirmed that immense droves of cattle are
sheltered in the broken country, at no great distance
from the scene of this encounter ; and it is supposed
that it was to cover these that this attempt to arrest
the march of the troops was determined on.
SATURDA.Y.—To-day Sandilla's two councillors,
Vena and Hlahla, arrived in Graham's Town, having
been sent for, at the special request of the chief,
made to Mr. Commissioner Calderwood. The former
of these men bears the character of being one of the
shrewdest Kafirs on the border, and also better dis-
posed than the great majority of his countrymen.
The Zuid Afrikaan reports the following Ar-
rived in Simon's Bay, Nov. 10, Hon. Company's
Mail Steamer Progresso, Lieutenant Romeiro, from
Mozambique October 13, to Simon's Bay, with
stores saved 'from the wreck of her Majesty's sloop
Snake, stranded within a few miles of Mozambique.
Passengers—Dr. Maranda, Portuguese army ; Lieut.
Webber ; and forty-two officers and men of her
Majesty's sloop Snake. The remainder of the crew
have been conveyed to the Mauritius in a French
ship."

CHANCERY.--(THIS DAY.)
The Lord Chancellor sat to-day at eleven o'clock,
and proceeded with the hearing of appeal motions.
BICERRATT V. THE NORTH STAFFORDSHIRE RAILWAY

MOTCEY and COMMERCIAL NEWS. ' Ditto, 401. Shares 4O -
Ditto, 501. Shares..... ...... 15
eITY, QUARTER TO THREE. Midland, Birin., and Derby...loo ... .. -
The Cotton Market at Liverpool yesterday was Midland, Consol. Bristol afad
12314 to .-
steady. Sales 4,000 bales. Railway Shares were quiet, Birmingham 6 per cent 100
Midland, 'Bristol and Glouc. 36 - to -
but there was very little doing. Ditto ditto 11/. 135.6 d. .. - -
Messrs. Lomond and Cot's sale was Well attended yes- Midland, Lcices. and Swan-
... • - to --
ningten (8 per ct. gua.)....100 .
terday, and a fair amount of business done at about the Midai. Greatffestent (Irish) 35 - to -
former quotations. The following are a few of the Newcastle and Carlisle lOO -a - to a... 4
es:- Ditto Quarter Shares
pric
East Indian, Reg - to
AmbergateNottingham, and Boston-- 08 0 Ditto Extension - -
Reading, Guildford, and Reigate 712 6 Newport Aborgy., and Herd'. 6
Great Luxembourg .. O5 0 Norfolk
South Yorkshire, Doncaster, and G001e... 12 0 Ditto Now 201. 5 ...... - to -
Ditto Extension
Eastern Counties ....... .. 16 0 0
wsbury and Birmingham (A) 315 6 Do. Scrip, 1847, N. of•Norflk 2 - to -
North Sta Do. do. Waveaey Valley... 2
ffordshire
is and Lyons
Par
Boulogne and Amiens ... 13 10 0 N ewry, Warrenpsiat, and
Manchester and Southampton... O7 0 Rostrevor - ...., to, -
Great Northern ... 410 0 A erthern Counties Union .... 4
North British -
The condition of the Paris Money-market still ex- Ditto Half Shares. 12% - to -
cites attention here, and certainly appearances are very Do. Quarters . 4 - to --
unfavourable. It is recollected, however, that last year Ditto. Extension ............ aa - ..... to -
when matters looked so gloomy here, the French funds Ditto Thirds .. -
North Staffordshire... .. .lO -
did not fall in proportion to the English, nor was there North Wales .8% - ..... to -
any commercial panic. It may be that the reverse case North Western . 6 -..... to ••••.
is now to be shown. Oxford, Worcester, and
Wol-
verhampton
Accounts from Pforzheim, Grand Duchy of Baden, Reading, G 545 -
ui i ~ Reigate
alfd & 7 % 7%xi... to -
state that several manufactories of gold and silver Reystoa and Ilitchin ......... 1N - ...... to -
articles had been placed in difficulties by the failure of Scottish Central
Scottish Midland ... 2O
Von Haber and Co. Ditto, New lO - -
An arrival from the Cape of Good Hope furnishes ad- Sheffield, Rotherham, and
vices of Nov. 9 from Graham's Town. There had been Goole - ...... to ....
Shrewsbury and Birmingham 7 - ..... to -.
an encounter between our troops and the Kafirs, in Ditto, ditto, Class B. 4
, -
which the latter, 1,000 strong, appear to have been Shrewsbury and Chester
signally worsted. At Natal affairs were not altogether (Nor. W. Min.)
Ditto Halves, Ditto... 8 ..... - -
in a satisfactory position. Ditto, Oswestry l2 - to -
There has been an improving market for the Public Ditto (New) 1 - to -
_
Securities, and Consols, owing to the scarcity of Stock, Ditto 8 per Cent. Pref 5 -
have rallied from 871 Ito 871 11, There appears to bo Shrewsbury and Hereford ... 2 - to -
Shropshire Union . . 4 •
...... - -
no " continuation " or rate of interest to February. Smith Devon .. 40
• ••.• ...... .•• - -
Exchequer-bills are 245. to 275. premium, and India Ditto, Preference 2O .••••• - -
Bonds 14s. premium. Bank Stock is worth 1961 to South Staffordshire 4 -
South Eastern and Dover 3314
1981, and India Stock 237. The New Three-and-a- Ditto, New, No. 1 - .... to -
Quarter per Cents. are 881 to 88k. Ditto, New, No.!
.. . - so -
Rather more business has been done in the Foreign Ditto, New, Ne. 3 20 -a- 143/4 tO -
Ditto New, No. 4. ...... ... - T% - •-•- to -
market. Spanish Five per Cents. have been 19i; Por- South Wales -
tuguese Four per Cents., 251; and Brazilian New, 76, South Yorkshire, Doncaster,
Mexican Stock is dull at 18, and Grenada at 191 i, s and Gnono 1 ,
deLo"u.g. hor and Ca- 2 ...... to
Dutch Two-and-a-Halt per Cents have been 531 to 541. winerso.n's Stm. Coal ...... ... -
Railway Shares are looking up in some instances, thames Haven Dock and
---
although the business doing is so limited. North Staf- Railway 17% - to
'raw Vale Extension
ford, Brighton, and other of the old lines have improved. Vale of Neath
BRITISH FUNDS THIS DAY AT ONE O'CLOCK. Waterford and Kilkenny l3 [At ...... - -
(From the Official List.) Waterford and Limerick ... .. 40 ... .. - -
Bank Stock l2B 196% 198% Waterford,Wexford,Wieklw,
3 per Cent. Reduced Annuities ... .. 87%;7% and Dublin
3 per Cent. Consols Anns 871,2%%% West Cornwall -
New 31A per Cent. Ames 885i%311% Whitehaven and Furness l2 ... .. - ..... to, -a
Long Annuities, Exp. Jan. sth, 1860... 8X; Windsor, Staines, and South
Do. 30 Years, Expire Jan. 5, 1860.. 8% 9-16 Western s2s. - -
India Stock 237 Wilts,Somersea&Weymouth BO ...... 15%...., to. -
India Bonds under 1,000/ - ... tes -
South Sea Stock 96 Do. Original New & Ber'ck 25 ..... 31aa%... f „c, _
Consols for Account 87%%% Do. North Shields Purchase 25 .. ... 31 .... . . be -
Exchequer Bills. 3d. Do. Extol. No. 1 (Y. &N.) 15 -
1,0001. -
5001. - -
Small -
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK. Ditto, Preference - tgo -
Ditto East and W
Brazilian Bonds, 5 per Cent - West Riding
Ditto, New, 1843 -
RAILWAYS.
RAILWAY
Buenos Ayres Bonds, 6 per Cent... 30
Grenada, 1 per Cent. • . 19%3/4 Boulogne and Amiens
Central of France ( Orleans
Mexican Bonus, 1846, 5 per Cent. 18 and Vierzoa) -
Peruvian Bonds, 6 per Cent 30% 89 .t.l ._Central
Portuguese Bonds, 4 per Cent 25% of Spain - -
Ceylon - -
Russian Bonds, 1822, 5 per Cent... 109 108
Demerara. - -
Spanish Bonds, 6 per Cent,lB4o ... - Dendre Valley -
Ditto for the Account ...... . .... 191/t Direct Bombay and Madras ss. .... . - -
Dividends on the above payable in London.
Dutch Rhenish 7 ...... 2% ...... tA . -
Dutch 2% per Cent.,l2 Gui1d...... 5374 % 541%
East Indian
Ditto for the Account 5414 14 -
Great Indian Peninsular
Ditto 4 per Cent. Certificates ... V 6 Italian and Austrian - -
BUSINESS DOl,Th IN RAILWAY SHARES AT ONE O'CLOCK Jamaica S. Midland Junction 1
itathwals. • PAID. Pan SHARE. Louvain ala Sambre .....-.. 6 - ...... •to -
Aberdeen ........................ 45 - - Luxembourg -
Amber., Notting., Boston, &c. 25/s - ....- to - Lyons and Avignon (Con-
Ayrshire and Galloway ...... 2% - to - stituted) - ••• •• to -
Belfast and County Down .. 10 .. .. _ - Madrid and Valentin -
Birmingham & Oxford June... 20 ..... 24% 'ro ... te - Namur and Liege......... l6 ...... 6%% -
Birmingham, \Vela& Dudley 10 ... • - - Northern of France - -
Birnaing., Wol., & Stour Val. 10/.145.... - - Orleans and Bordeaux ... .. 6
.-- .. a. -t• -
Birkenhead, Lancashire, and Over Yssel 4/ 3s 4d ~ - ..... to -
Cheshire Junction 734 - - Paris and Lyons -
Boston, Statna, & Firming... i ...... -- .. to to
- Paris and Orleans 2O - -
Bristol and Exeter - to - Paris and Rouen .. •
Do., Thirds - ...... to - Paris & Strasbourg -
Buckinghamshire lOl. 4s 2% dis. to - Rouen and Hayre
Caledonian
Ditto, half Shares - ... .. to - Strasburg and Bale l4 - -
Ditto, Clydesdale Junction 50 - to - Tours & Nantes ... • .. 8
Chester and Holyhead... 37% 19% to - 'rournay, Jurbise, Landen,
Ditto, Preference l2 - and Hasselt - ..... to -
Clarence. - ..... to - West Flanders -
Do., Ist Class, S per Cent... 10 ...... - . ... to - JOINT STOCK-BANKS.
Do., 2d Class, 5 per Cent... 10 - to - Australasia - . to --.
Do., Gov. Loan, 4 per Cent. 10 - - British North American .... 50 - -
Dublin and Belfast Junction.. 25 - to - Colonial

it] olin
Dundalk and Enniskillen ... 17% - to
East Anglia, M. L. & E.,
and L. & D., .. 25 ...... -
Ditto, 181., E. & II lB ...... 8
Ditto, 31. 10s., E. & 11... 2
Eastern Counties
Ditto, ditto (13) -
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d... par
Do., do. N0.2,61. 13s. 4d . -
Do., York Extension
Do., Northern Sr Eastern 5O -
Do., Quarter 121%.... -
Do., Now - ... to -
Easter= Union. 6O
Ditto, Quarter Shares -
Ditto., Thirds l3s. 4d - -
Ditto (guar. 6 per cent.) ... - . - -
East Lancashire -
Ditto, New .. ........... .... . 13 -
Do., New Quarters - -
East Lincolnshire ... 12 V, - to -
Edinburgh and Glasgow - ...... to -
Ditto, Half Shares - -
Ditto, Quarter Shares l2l - -
Edinburgh and Northern ... 221,...... - -
Ditto, New..... ... ..... ...... 8%..... - -
Ditto, New port l2
Ditto, ditto, New 2l/4 - ...... to
Exeter, Yeovil, & Dorchester 2%....•• - ...... to -
Ditto, New -
Glasg., Dumfries, & Carlisle-8/. 65.8 d... - ..... to -
Glasgow, Kilmarnock, & Ayr 50 •••••• - -
Ditto, New - ..... to -
D 0.14 Shares (1 per ct. gua.) 12% - - .. to -
Great Northern.... .......... ... 10% -
Do. London & York Exten. 214 - ...... to -
Gt. South. & West. (Ireland) 37% - .. ... to -
Great North of England...... 100 -
Ditto, 1.:( w 401. ............ .. 5 ...... -- - to-
Ditto, New 30/..... ........... 30 .•• - - - -
Ditto, New 15/......... ...... 61ii•••••• - • -
Great Western .................. 90 lO2
Ditto, Half Shares ......... . .. 50 - ...... to -
Ditto, Quarter Sharea -
Ditto, Fifths .................. 20 - to -
Do. New 17/....... .......... 914,.. ... _ -
Huddersfield and Manchester 24 „ „, _ -
Dittc, Thirds 8 - to -
Hull and Selby 5O - to -
Ditto, Half Shares -
Ditto, Quarter Shares 12% ...... to -
Ipswich & Bury St. -Edmunds 171/9 8 . ..... to -
Do. do. and 'Norwich - ••• •• to -
Do., do., Extension Scrip
(late (Camb. and Ely) 2% l% ex int to -
Lancaster and Carlisle.... ... 50 -
.. to -
Do., Thirds.... l9
Lancashire and Yorkshire ... 93 - .... .. .... to -
Ditto, ditto -
Ditto Half Shares -
Ditto Quarters
7 to -- -
Ditto Fifths
to -
Ditto Sixteenths ... ..... ... 64 •••••• -
Ditto Thirds (Reg.) ... 101.. 45....... - ....:::
to
___,
Do. Liverpool aid Bury... 38 -
Do. (Huddcrs. and Shelf.) 33
Do., Wakefield, Pontefract,
.. ....... 47% - -
and G001e.......
Do., Westßiding Union ..4/. 25.... . --.... . to -
Do., Preston and Wyre ••• 2?' ...... - -
Do•, do., Half Shares (A) 9
• ~.(B) 114 -
Ditto ditto ........ ...
..
...
ttoo
_-
Leeds and Bradford ............ 50 •• ••• -
-
Leicester and Bedford ......... 16s.
Leeds Dewsbury, & Manchos. 421/2 - to -
to -
Do., Branch % Shares 12% ...... - -
Ditto, New Branch (blue).. 21/s -
Ditto, Extension (green)... 2% - to -
Do., New Exten. (pink)... 21/4 - to -
Leeds and Thirsk ............. 86 -
itto, ...... •. 22%. -
Dto -
Do., d New
0., Prefer., 6 per Cent. 3%. .... -
...... to -
Liverpool. Crosby, and South-
_ t9 -
port.. ............................ 2
Liverpool, Manchester, and
Newcastle Junction
London 0!.Iz 131ackwa11...16/. 18s. 4d 53/4 %% to -
Ditto New, No. 1.. - -
Ditto New, No. 2 4l. 13s. 4d.... 1% dis... to -
Do. Extension
Load., Bright., & South Coast 50 ...
Do. Consolidated Eighths... 30 ..... -
to -
Do. Guaranteed 5 per Cent. 9 . ... .. . - -
Do. Pref. Cony. 5 per Cent. 50 ..•••• - -
Ditto, ditto
1852 50 ..... - -
London and Greenwich... 12/.155. 4d... - ..... ..Ito -
Ditto Preference lBl 17s 2d... - ...... to -
London & North Weetern.....loo l5l 152% to 153
Do. Quarter ......L. and B. 22 - ...... to -
Do. do. New ...... .... ...... 2 - ••• •• to -
Do. do. Fifths -
to -
Do. Quarters ... G. J. ...... -- .. ...
Do. 40!. Shares L. & 81. 15 ...... - -
Do. 40/. Shares-M. and B. 40 ..... - -
Do. 10/.... M. and B. (A.) 71%,.... -- -
Do. 101. .. M. and B. (B.) 7% ...... - -
Do. 101.... M. and B. (C.) 1 - ...... to -
London and;S. Western.... 41....',658d 55% to 64%
o.New ConsolidatedBths. 40 - to -
D
Ditto New 50/. ••... - ..... 82%...... -_ -
Ditto Now 40/. •..- ..... .. -. 26 - to -
Do. Tenths (Consolidated) 50 ......:47 -
Do. Tenths (Consolidated) 40 - -
Ditto, Thirds V. 6s. 8d ... - ...... to -
Lendon, Salisbury, & YOOTII 11,4 — -
Londonderry and Coleraine-. 27% - „,... i,42, -
Londonderry and Enniskillen 25 - ..... to -
Manch. Buxton, &,Alatlock 8 - ...... to -
Manchr, Sheffield, and Linc.llo - to -
Ditto Shares (No. 1) ... 13 - to -
Ditto, ditto (Ne. 2) 25 - to -
Ditto, % Shares (No. 3)... 7%...... - -
Ditto Grimsby 25 - to -
Ditto, ditto. - . to -
Ditto, ditto ' 4% - to -
Ditto, Sheffield, and Line. 7%...... ..... -
Manchester and Southamyton 214 .. ... to -
51idiald lOO ll4 ... .. te
Ditto, COICI3OI. rreferelitiCwloo - ..111 to ••••

Commercial of London
London Joint Stock .... ...... 10 ...... to
London and Westminster. .. 20
National Provincial of Engld. 35 -
Ditto, New
National of Inland 22% ••• •.. to
Provincial of Ireland
Ditto, Now -
Union of Australia 25
Ditto, New 2% 46. to -
Union of London ... 16 - -to
Union of Madrid 4O ...... —••-•-•. -to
MINES.
Anglo Mexican lOO — to
Astrian 'Wiling Company ... 11 ...... • to
Australian
Blaenarvon Iron and Coal ... JO
Bolanos Scrip - -
13vitish Iron
Brazilian Imperial ...,. .. ... 21 ......
Galvanized Iron .
Ditto, New
Real del Mont., Unregistered .

7%
157 i

LLOYD'S SHIPPING—(THIS DAY.)
LONDON, JAN. 20.—Wind N.E., moderate breeze, and
dull frosty weather.
OFF MARGATE, JAN. 18.—Mary Queen of Scots, Wit'
cox, Brazils.
DEAL, JAN. 19.—Wind E. to S.E.—Arrd. from the
river and sld. Ceres, St. Thomas. Sid. R iminghatn,
Callao ; Lisbon, New Orleans ; Mountainee:r, Mobile.
Put back Vigilant, for Valparaiso; Candidate, Barba'
does ; and both sailed again 19th.
Toms IY, JAN. 19.—Sid. James, Parnsboef.'
PORTSMOUTH, JAN. 19.—Wind N.E. to S.S.E., fresh.
Sld. llimalaya,flobart Town.
LIVERPOOL, JAN.l9.—Wind E.S.E.—Arrdl. Woodside,
Higgins, New Orleans ; Isaac Newton, Bush, I,lolsile ;
Rival, Passmore, Nassau. Sld. Princess :113,0ya1, Cal"
(mate. ; Majestic, Africa; Foam, Sierra Leone; Secret,
Lima ; Navigator, Monte Video ; Amoy, New Orleans;
Olinda, Charleston.
WATERFORD, JAN. 18. Wind W.S.W. to N.W.
—Arrd. Dealy, Dee, St. John's, New Brunswick, for
Bantry.
RAMSGATE, JAN. 19. The Dispatch, Yewport to
Perth, went on the Goodwin Sands last night, and vvsts
abandoned, but was brought in here this morning by
some boatmen leaky; crew safe.
STRANKAER, JAN. 18.—One of the Dublin and Glad'
gow steamers, from the latter port, has put into Loch'
ryan on fire, which is said to be confined to the cabin.
COWES, JAN. 19.—Wind N.E.—Sld. Emulous, Bar
badoes.
OFF FALMOUTH, JAN. 18.—licrundo, St. John's, NW
Brunswick, for Hull.
DUBLIN, JAN. 18.—Wind N.W.--Arrd. 17, Coolsol4
Donnell, St. John's, New Brunswick.
Conti, JAN. 17.—Wind N.W.—Arrd. Mary MarsdeOe
Carter, St. Domingo, leaky.
GRANGEMOUTH, JAN. 16.—Arrd. William, Quebec
Retreat, Allan, S. John's, New Brunswick.

MARKET NEWS.— (THIS DAY.)
INTLIVTGATE AND MIELELDENNAII6.
Full average supplies of Meat were on sale to-Mr'
Generally speaking, the demand was inactice at oil!
quotations. Beef, from 3s 2d to 4s 2d; Mutton, 3s 40'
to 45.,4d; Veal, 4s 2d to ss; and Pork, 3s 8d to 5s pet
81bs by the carcase.
IVIEAT MARKETS.
SOUTHALL, JAN. 19.—We had rather a slow trade
this morning, but prices were supported. Beef from IS
6d to 4s 8d; Mutton, 3s 8d to ss; Veal, 4s to 4s 80;
and Pork, 4s to 4s 8d per 81bs, to sink the offal. „
ROMFO/tD, JAN. 19.—Although the supplies of stool".
were not large the trade was in a sluggish state:
Beef from 35 6d to 4s 8d; Mutton, 3s 8d to 5s 2d; Vat
4s to 4s 8d ; and Pork, 4s 2d to 45 8d per 8110
Quarter-old Store Pigs, 20s to 24s each.
HAILSHAM, JAN. 19.—Prime Beasts sold at All/
prices. Otherwise the demand was in a sluggish stale:
Beef, from 3s 8d to 4s 8d; Mutton, 4s to 5s 2d; Vex*
4s 4d to 4s 6d; and Pork, 4s to 4s 6d per 81bs.
ARUNDEL, JAN. 18.—Beef, from 3s 10d to 4s 8d; gat'
ton 4s to ss; Veal, 4s 4d to 4s 6d; and Pork, 45 24 t°
4s 6d per 81bs. A moderate supply, and a slow trade.
CHICHESTER, JAN. 19.—We had only a modero
demand here this morning, at the following terms a-'
Beef, from 3s 6d to 4s 8d; Mutton, 3s 10d to 5s 2dj,
Veal, 4s 24t0 4s 6d; and Pork, 4s 2d to 4s 6d, per
81bs. Quarter-old Store Pigs, 18$ to 23s each.

HAT IVLAMMETS.
SanTHFIELD.—Meadow Hay, 21 lOs to 31 13s ; Clover'
ditto, 31 lOs to 41 15s ; and Straw, 11 4s to 11 100
per load. A moderate supply, and a steady demand.
CUMBULAND.—Meadem Hay, 2/ lOs to 31 15s ;
Clover ditto, 31 lOs to 41125; and Straw, 11 43 to 11 100
per load. Supply rather limited, and trade firm.
WHITECIIIPEL.—Meadow Hay, 2110 s to 31 1451
Clover ditto, 31 lOs to 4,1 16s ; and Straw, 1/ 43 W
11 103 per load. Trade dull, at the above quotations•

CORN AVERAGES.
GENERAL AVERAGE PRICES OF BRITISH CORN
For the Week ended Jan. 20,1848, made up from the Returns of thei
Inspecto;s in the different Cities and TWOS in Ragland and Wale
per. Imperial Quarter.
WHEAT. 'BAILEY. OATS. 1 RYE. REINS. PEAL',
PRICE • • 1 53s 5d I 30s 6d I 21s Od 29s 2d 19s id I 460 49'
The Duties on Foreign Grain are now sus pended.

POST-OFFICE NOTICE• - Yesterday notice NR+!
issued at the General Post•office, St. Martin's-le-Gran?'
that a mail would be dispatched by her Majesty's Oa
Hydra, appointed to leave Plymouth on the 28th blot"
for Madeira and Rio Janeiro. Letters for Madeira,
is. iod., and Rio Janeiro, 21. 9d. the half-ounce; news'
papery 2d. each.