The Sun.
London, England, 1848-10-28 00:00:00

THE SUN, LONDON, SATURDAY EVENING, OCTOBER 28, 1848.

so industriously circulated respecting the affairs '
of this great company would be successfully rebutted, 1
and that the apprehensions by which timid men were
frighted from their propriety would be in a great
degree, if not altogether, removed. If those persons
have taken advantage of the opportunity afforded to
them they will indeed reap a golden harvest, and
strike a formidable blow against their opponents.
The most sanguine expectations that had been formed
are more than realised. The fondest hopes of the
shareholders have been thoroughly. fulfilled. Con-
sternation and dismay reigns supreme in the
" Bearish" camp- The present publication will in-
deed inflict a heavy blow and a great discouragement
upon the speculators for a fall, and may probably
tarnish the laurels they obtained during the past
season, and strip them of a considerable portion
of their ill-gotten profits. It may be worth com-
paring the difference that exists between the plausible
statement put forward. some weeks since in the
Weekly Stock Exchange List, a publication which
made use of its semi-official character to damage the
property of railway proprietors generally, and the
true and actual statement of facts now published on
the most unquestionable authority. They may, in•
deed, be classed among the best specimens of
"romance and reality" that have for some time been
exhibited to the public view. Before we pass from
this part of the subject, we rejoice to say that the
Committee of the Stock Exchange have at length
been aroused to the performance of an act of tardy jus-
tice, and that they have prohibited the insertion of
any of these mischievous statements on any future
occasion—properly considering that a publication,
sanctioned by their authority, should not be made use
of to advance the interests :of any class of specula.
tors, or to injure those who send their valuable pro-
perty to be disposed of on the Stock Exchange, and
employ as their agents for that purpose the recognised
and legitimate brokers, from and by whom that
committee have been elected. Henceforward the
contents of the 'Free% Share List are to be re•
stricted to the usual tabular railway statistics, prices,
and official correspondence. A happy result, for
which we are probably indebted to the bold and ener
getic remonstrance of Mr. HUDSON, who—in his
most valuable answer to the remonstrant share-
holders of the Midland Company, to Which we have
already alluded, in the manner which its vast
importance, as well as its straightforward
and convincing arguments, so fully merited—di-
rected the attention of the committee to the nature
of the statements that were circulated therein, and
which were in almost every instance incorrect, but
which acquired an undue importance, and a certain
guarantee from the presumed sanction it was supposed
to have received from the Stock Exchange—a pre-
sumption which the Hon. Gentleman called upon the
committee to rebut by disavowing the publication—a
demand which has been so promptly acceded to, and
for making which the Chairman of the Midland and
Eastern Counties Railways has entitled himself to the
thanks of every person in any degree interested in
railway property, in addition to the large debt of
gratitude already owing to him for his unceasing and
most beneficial exertions on their behalf.

We shall now return to the bona fide statement, and
suffer the parties who influenced the managers of the
publication to which we have alluded to insert their
erroneous statements and calculations " to sink into
well-merited contempt. The expenditure and liabi-
lities of the company are classed under fire different
headings :

lit. The main line and branches producing re-

venue.
2d. Branch lines in course of construction, but not
yet producing revenue.
3d. Subsidiary lines, in which the company have
an interest by subscription, contribution, or gua-
rantee.
4th. Lines for which Acts have been obtained, but
which have not been commenced ; and
sth. A summary of the capital to be provided by
the company.
Under each of these heads the clearest information
is afforded, so that those but little versed in
accounts may judge for themselves how far
the deductions drawn from incontrovertible
facts are warranted by the premises. The
directors, with a praiseworthy caution, abstain
from any very sanguine view ; indeed they might
have been warranted in arriving at much more flat-
tering conclusions from the data. They hare, how-
ever, pursued a wise course, and although the im-
mediate improvement may not be so great as if they
had presented a more flattering picture, there is no
doubt that it will be sufficient to overwhelm their
enemies with confusion ; that it will be more per-
manent, and also strengthen the confidence of the
shareholders in their management, a result of such
vast importance to all interested in the company's
prosperity, who are aware how essential it is that
a cordial and friendly feeling should be maintained
between the directors and the shareholders, that they
should mutually co-operate for the common welfare,
for that a "house divided against itself cannot stand,"
however powerful might be its strength, and vast and
unbounded its resources.
According to the summary given in the sth table,
it appears that there has been expended on the main
line and branches producing revenue, up to the 30th
June 1E1,4, to which day all the calculations have been
made, 18,145,6241., and that the estimated sum re-
quired to complete the works of road and stations,
and provide the full working stock, engines, carriages,
plant, &c., dating from the Ist of July last, was
452,9321.; making a total of 18,598,5361. That
on the branch lines in the course of con-
struction, but not yet producing revenue,
there has been expended 1,4111,3291., and that the
estimated amount to complete the works of roads and
stations is 836,8961., for which no less than 62 miles
of railway will be opened, and the entire revenue to
, be obtained, not only from the actual traffic thereof,
but from the additional traffic that will be brought to
the parent line by means thereof will be made avail-
able to the company.
On the subsidiary lines, in which the company are
interested by subscription, contribution, or guarantee,
there has been expended 3,098,433/., and there is still
to be paid a sum of 1,846,7981., making a total of
4,94.5,231/. Of that, however, 109,7341. has been
expended on the Ccrentry, Nuneaton, Birmingham,
and Leicester lines, which are to be transferred to the
Midland Company, who will repay that amount.
The company also obtained Acts empowering them
to construct several small lines, fifteen in number, in
which the works have not as yet been commenced.
These would require a capital of 3,876,9631.—viz, in
stock and shares, 3,257,0001., and by loans 619,963/.
The directors have, however, decided on not pro-
ceeding with any of these branches for the present,
or until the sanction of the general body of share.
holders shall be obtained to such a course.
On the whole, then, we find that a further out-
lay of 3,136,626/. only will be required, and
that the total expenditure then will be, in addition
to the 22,835,1201. already paid, 25,971,7461., and
that when the present share capital is fully called up,
which will probably be in 1852, the capital stock of
the company will amount to 21,017,7471., and the
amount on loans and debentures to 4,814,2651. and
that after allowing largely for any possible loss' by
reason of the guarantees, &c., and interest on the
debt, the gross traffic which will be required to
maintain the dividend of 7 per cent. will be only
48,618/. per week (and not 70,0001., as stated by the
Munchausen of the Weekly Share List), being an ad-
vance of 6,4211. per week on the average of the year
ending 30th June last, a year of unexampled depres-
sion and stagnation, with sixty- two miles of rail-
way less than there will be open when that sum
is required.
We again congratulate the shareholders on this
most satisfactory and conclusive refutation of the
calumnies that had been put forward, and thank the
directors for a document which will render such im-
portant service, not only to their own immediate
company, but to railway property in general, by
proving how little credence is to be attached to the
malicious and unfounded statements respecting their
affairs made by interested and prejudiced parties.

A foreigner visiting England for the first time,
and from motives of simple curiosity, is principally
' struck by the munificence of our different charities,
and by the eleemosynary establishments which are
scattered in such abundance throughout the land,
supported entirely by voluntary contributions. From
the red brick almshouse, with its little whitewashed
chapel, to the magnificent hospital, with its lonic

portico and its friezes embossed with the bassi re-
lievi, symbolic of its character, the metropolis alone
is crowded with these beautiful evidences of the gene-
rosity of our population. Balls, concerts, din-
ners, fetes, bazaars, raffles, sermons, lectures,
every conceivable means of accumulating
funds for the relief of the destitute and
unfortunate is resorted to, and scarcely
on any single occasion is the appeal fruitless, or the
effort ineffectual. Orphans and the children of
honest but impoverished parents are fed, clothed, and
educated. The sick, the blind, the infirm, the mad,
those who are afflicted with any mental or physical
malady, with disease of body or decay of mind, are
equally cared for and indiscriminately protected. If
any one virtue more than another is peculiarly
national in England it is most assuredly the virtue
of benevolence. And we have frequently thought
that the national characteristics are more remarkably
embodied in such an one as EDWARD COLSTONE, the
good merchant of Bristol, than in the naval glory of
BLAKE or NELSON, the military greatness of
MARLBOROUGH or WELLINGTON, the poetic genius
of MILTOI' or SHAKSPERE, the philosophic wisdom
of BACON or NEWTON, the versatility of CRICHTON,
the ambition of CROMWELL, the harmonies of PUR-
I
CELL, or the pictorial creations of HOGARTII. In the
noble and beautiful benevolence of EDWARD COL-
STONE are concentrated all the finest and loftiest
qualities of the Saxon race—its paternal and protec-
tive generosity, its graceful and unostentatious muni-
ficence, its industry consecrated by goodness, and
its wealth ennobled by the lavish alms of its pos-
sessor. Bristol should not alone be proud of her
good citizea—England should cherish with exultation
the memory of EDWARD COLSTONE, if only as a type
—and a glorious and elevating type—of the most
honourable feature in the national character.
While, however, the wealthier members of the
population of England are perpetuating their ances-
tral virtue by continuing these charitable proceedings
towards the less fortunate members of the community,
it is but just and appropriate that the public
generosity should not be entirely restricted to those
who happen to have been born within the boundaries
of the United Kingdom. Were such an exclusive
system to be adopted, the aspect of our benevolence
would be deteriorated by its apparent selfishness.
Over the whole world England is famed as the
refuge of political outcasts. Let it not be said that
our ports are opened merely to afford those political
outcasts a sepulchre. Is a monarch dethroned,
he flies to these islands for safety. Is a statesman
driven forth with ignominy and abhorrence, he seeks
protection under the beneficent shadow of our Go-
vernment. Is a nationality trodden out under the
heels of despotism, the patriots breathe the air of in-
dependence, even as aliens, under the skies of Great
Britain. And never, perhaps, was this fact more
conspicuous than at the present moment, when among
the exiles who are sojourning in the metropolis or its
neighbourhood can be enumerated such names as
those of the Comte DR NEUILLY, Dom MIGUEL, the
Conde DE MONTEMOLIN, Prince METTERNICH, and
M. Guizor, with all the distinguished adherents
of the Orleans, the Braganza, and the Bourbon
dynasties. Happily, however, for such refugees as those
we have particularized the miseries of expatriation
are not enhanced by the woes of indigence. When,
therefore, we speak of the alleviation of the wretched-
ness of banishment to the political outcasts of the
continent, we allude more directly to the banished
people than to the banished princes. Such unfortu-
nates are the noble and chivalrous children of Poland.
And it is well that Englishmen should sometimes
bear in recollection that remark of the illustrious
friend of Poland—Lord DUDLEY COUTTS STIART—
that no one wishes " to see the Poles who have come
among us to seek an asylum, find here nothing but a
GODupon forbidthe thnaattiothnantl
character.damninggr av
e I"
Nblot:
The shll
ludl frdoernb
of
Poland must never be
allowed to enter this country under the delusion that
England is a land where their misfortunes will meet
not only with sympathy but assistance, and then dis-
cover the fallacy of their impressions in the agonies of
starvation.

For several years past the Polish refugees in Eng-
land have been supported by the charities of our po-
pulation. By many it is now imagined that enough
has been done in their behalf; anc actuated by these
feelings, the movement made in the cause of the Poles
has been, in several directions, discontinued. Thanks,
nevertheless, to the distinguished nobleman whose
name we have just mentioned a name
never uttered by Polish lips but with a
blessing I—the Association of the Friends of Poland
has not yet relaxed its exertions. On the 16th of
the approaching November, the annual ball in aid of
the funds of the association will be given in the
Guildhall of the city of London. Such was the reso-
lution arrived at on the meeting of the committee,
upon which occasion the assembly was addressed at
considerable length by the Noble President of the
association. In combatting the objections of those
who would bring the movement on behalf of the
Poles to a termination, Lord DUDLEY STUART ear-
nestly and admirably demonstrated the necessity of
sustaining the efforts of the association. He
reminded his auditors, and through them the
public, that the unfortunate exiles whose cause
he has so long and so eloquently pleaded,
are not tarrying among us by choice but
necessity. The Pules of Prussian Poland have
been afforded the opportunity of returning to their
fatherland since the accession of the reigning Sove-
reign—and, availing themselves of that opportunity
they have long since departed. In like manner, the
natives of Austrian-Po;and have been enabled to pro-'
ceed homewards since the recent events which have
transpired in Germany—and in accordance with that
permission they have already left the hospitable
shores of England. We have only now amongst DI
the unfortunate children of Russian- Poland, who, if
they dared to venture within the boundaries of their
common country, would be in peril of banishment
to Siberia or of death by the gallows. We are re•
quired to aid neither the Gallicians nor the Posenese.
We are entreated only to preserve from destruction
the melancholy exiles from Lithuania. Now that the
heart, the once warm heart, of THOMAS CAMPBELL iS
cold—now that his generous hand is turned to dust—
now that his joyous eyes are dulled by the film of
death, and stained by the damp of the grave—the
adjurations of his immortal verse in behalf of Poland
and her children have acquired to us a new and holy
solemnity. That solemnity is eloquent—let its elo-
quence penetrate into the hearts of England—let it
enforce the fervent entreaties of Lord DUDLEY
STUART—and then the children of Poland shall not
have cause to lament in a distant country their ab-
sence from the shores of the Baltic and the waters of
the Vistula.

THE FRENCH REPUBLIC.

We have received the Paris papers of yesterday.
The following is the speech read on Thursday at
the tribune by Prince Louis NAPOLEON BONAPARTE
in vindication of his right to present himself as a can-
didate for the office of President of the Republic :
" Citizen representatives, the incident which occurred
in the tribune yesterday, during my absence, has induced
me to address you. I deeply regret to have to speak so
often of myself; no one can seek more to avoid personal
questions. I have already made known to you my sen-
timents, my wishes, and my opinions, and no one can
accuse me of having forgotten my engagements or broken
my word. My conduct has, however, been called in
question, and my intentions misrepresented. I do not
admit to any one the right of questioning me as to my
conduct and opinions; I only owe an account to my con-
stituents, to those who have placed me amongst you. Of
what am I accused? Of having thought of accepting a
candidateship which has been proposed to sae. Yes, I ac-
cept it; and I have a right so to do. France regards my
name as being likely to consolidate and strengthen society.
—(Loud cries of " Silence," " Go on," and violent
tumult.) Those who accuse me of ambition do not know
me; but if my name can be a rallying point for good
citizens, if the sympathies of my fellow-citiesns think
proper to place me in the rank of candidate, why should
I not he so? I should have been to blame had I given
way before the bitterness with which I have been assailed.
M. Clement Thomas and M. Flocon here rose and
demanded to speak..
Prince
Loais Napoleon—There aro few who are gifted
with the power of eloquence in the tribune, but that is
not the only way
in which a citizen may serve' his
country. At the present time what is wanted is just and
wise ideas, which can put an end to anti-social ideas. I
know that there are those who would place impediments
of all kinds in my
path, but I shall not stumble before
them; I shall know how to observe a proper reserve;
and I declare to those who would make use
."of a system
of obstruction towards me, that I shall also know how to
use resistance.—(Cries of " Order of the day.")
It appears from a statement made in the National

Assembly by M. FLOCON, and which was not con-
tradicted by any member of the Bonaparte family,
that in order to secure the votes of the ignorant
peasantry in the provinces, in favour of Louis NA-
POLEON, his emissaries represent that he is so im-
mensely rich, that if he be elected he will carry on
the Government during his term of office at his own
expense, without levying a single tax.
The Censtitutionnel gives the following account of
the formalities to be observed in conducting the elec-
tion of the President of the Republic :--
" On December 10th, 1848, which will be a Sunday,
all Frenchmen fulfilling the present electoral conditions
are to repair to the chief towns of their respective can-
tons, to name the President of the Republic by br ]lot, in
the forms in use for the election of representatives of the
people. The persons belonging to the army are to vote
the same day, like the other citizens, at the chief town
of the canton in the circumscription of which they are
quartered; they will be divided by the Mayor amongst
the various electoral sections. The candidate to be
elected ought to be burn in France, to be thirty
years of ago at least, and never to have lost the
quality of a Frenchman. The first result of the ballots
and of the proceedings shall be taken to the chief
t ,N,02 of the department, where the examination
and summing up of the votes shall take place. The
result of these 86 partial examinations, as well as a du-
plicate of the proccs-veibaux shall be transmitted to a
committee of thirty representatives named by the Na-
tional Assembly, with mission to proceed at once to a
final examination. In order to be elected by the sole
fact of universal suffrage, the President ought to have
received more than halt the votes given, and at least
two millions of votes. Thus, supposing that more than
four millions of ejectors take part in the election, five
millions for instance, it will not be sufficient for the can-
didate who shall have obtained the greatest number of
votes to have attained the number of two millions; it
will be necessary for him to have received more than
two millions live hundred thousand, forming in that
hypothesis the absolute majority. On the other hand,
supposing that less than tour millions of persons should
eefolarreinstddaunleye, it will not be
elected, to have
it will be necessary to
shell
uxaafficvy
eeecei vdsooenbtdtte,
iih,un
ote
ohdabsolute
l tbi n
loet nwn sjdo, 0
rmi
yl
lone. Should these two
conditions of the absolute majority and of the minimum
of two millions be not fulfilled, it is the Assembly
which will choose the President from amongst the five
candidates who shall hare obtained the greatest number
of votes."

--
Admiral BAUDIN, commanding in chief the French
naval forces in the Mediterranean, has published the
following order of the day, dated Naples, Oct. 9 :
" The Admiral has deferred till now to make known
to the squadron the admirable conduct of tho crews of
the Hercule and Panama, in the disaster of Messina, be-
cause he waited for details on the subject. To-day he is
happy in being able to announce to the sailors of the
squadron that their comrades merited on that occasion
the greatest praise. The attack on Messina and the
bombardment by the Neapolitans lasted five consecutive
days. During this time more than 10,000 of the unfor-
tunate inhabitants found an asylum in the Hercule and
Panama. Our sailors, without regarding the crowding
disorder and filth which resulted from the presence of
this mass of unfortunates, received them as brethren;
they paid the most touching attention to women, chil-
dren, and wounded; they shared with them their food,
their bedding, and even their clothing. They have
merited well of humanity. Honour, then, to the Her-
cule ! Honour to the Panama Honour to all our brave
comrades, whose kindness and generosity have con-
quered for France and the navy rights„to the admiration
and gratitude of all civilised nations !
The Minister of War has published a table of all
the condemnations which were passed during Sep-
tember last by the two permanent courts-martial of
Paris. There were 98 sentences in all. Of these
one was capital ; 20 were to infamous punishments ;
36 military substitutes and volunteers; and 23
civilians were condemned for having taken part in the
insurrection of June.
The candidates at present known for the Presidency
of the Republic are General CAvercriac, M. DE LA-
MARTINE, Marshal BUGEAUD, and Prince Louis
NAPOLEON BONAPARTE. BUGEAUD and BONAPARTE
are the only candidates who have as yet announced
themselves, and taken an active personal part in can-
vassing for support.
The decision of the Presidential question in favour
of immediate election, and that too by such a large
majority of the Assembly, is attributed generally to
the firm and straightforward speech of General CA-
TAIGNAC, who told the speakers that they were
putting forward every argument for delay except the
real one, which was fear of a Bonaparte, and that he
could assure them, from his own personal know-
ledge, that further delay would compromise the
safety of the Republic.
The Afoniteur publishes the decree agreed to by
the Assembly, with respect to the private domain of
Louis PHILIPPE ; and also that calling upon the Mi-
nister of Finances to lay before the Assembly the
documents relative to the expenditure of the Provi-
sional Government between the 24th of February
and the I Ith of May.
The Patric of Wednesday evening has the fol-
lowing :
" During:the suspension of the sitting of the Assembly
this day, after the interpellation of Al. V. Grandin, the
members were distributed in the Conference-room and
the Salle de la Paix in great and tumultuous agitation,
M. Pierre Bonaparte was heard to exclaim, in the centre
of the group, 'They may proscribe us, but they have
no right to insult us!' M. Ci6euent Thomas, who pro-
voked the incident relating to the family of Napoleon
Bonaparte, is said to have been called to account by
Ne are persons
assured e a gthra t satisfactory to
i
their friends. By four o'clock the agitation reached its
explana-
tions o f
heighth; a challenge was talked of. MM. Molt, Thiers,
and de Falloux were in the Salle de Pas Perdus, sur-
rthoe incident.andedb)
many ear learn
the
re
have since passed between M. Pierre Bonaparte
and M. Clement Thomas."

The National announces that a revolution has
broken out at Brunn, in Moravia, and the National
Guards are masters of the city.
Another convoy of 823 emigrants left Paris on
Thursday for Algeria.

It was reported in Paris yesterday morning that
Vienna had capitulated.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCIIANGE, Ocr. 27.
Boulogne and Amiens, s%—Namur and Liege, 3
Northern of France, 6141.

The EMPEROR, it appears, is very unpopular at
Olmutz, and according to a report current at Ham-
burgh, hii MAJESTY had been fired at. Fortunately
the shot (lid not take effect.

According to the latest accounts from Vienna, the
troops of Prince WINDisatGRATc occupied the bridge
at Florisdorf, and, except under special circumstances,
allowed none to enter or leave the city in that direc-
tion. The Diet had officially announced the march
of the Ilungarian army to the relief of the city,
KOSSUTLI having left I'esth for the Hungarian camp
to urge them at once to cross the frontier. The offi-
cial announcement of the advance of the Hungarian
troops was signed by four Hungarian generals. The
Hungarian army, amounting to 80,000 men, arrived
on the 21st at Schwachat and Simmering. The
streets of Vienna are barricaded, and the city is provi-
sioned for a fortnight.
The following is the new manifesto of the EM-
PEROR, which was communicated to the Diet in their
sitting of the 21t:—
" To my People,—
" We, Ferdinand 1., Constitutional Emperor of Aus •
trill, King of Hungary, &c., send our paternal greeting
to our faithful people.
" By the bloody excesses which, since the 6th of this
month, have transformed our capital and residentiary
city of Vienna into the theatre of anarchical confusion,
which deeply grieved and profoundly affected us, we
are compelled for a while to transfer our resid, nce to our
royal capital city of Olmutz. Our heart is equally filled
with grief at the necessity imposed upon us to adopt
military measures for the restoration of legal order, and
for the protection of those burghers who have not been
implicated in the hoirors of the late excesses. It is,
however, our intention, that in the adoption of these
extreme measures. which are forced upon us, they shall
be only so tar carried out as is imperatively called for
by the restoration of peace and security, for the protec-
tion of our faithful burghers, as well as the maintenance
of the dignity of our Imperial Throne.
"It is our firm, unalterable resolve that the rights
and privileges granted to our people, even though they
may have been abused by individual miscreants, or mis-
guided men, shall remain unlimited in their full extent,
and hereunto we again pledge our Imperial word.
" And we further resolve that the resolutions already
adopted by the Diet and sanctioned by us, viz., those
respecting the abolition of the federal bond, the immu-
nity and equalisation of landed property for the mode-
rate compensation already recognised in principle by the
Diet, shall be maintained, and conformably with our
former decree be brought into operation.
" Also it is our firm resolve that the work of the Ad-
ministration for the c qualisation of the rights of all our
loving subjects, already commenced by the Constitutory
Diet, shall be continued forthwith without interruption,
to the end that it may be submitted to us for our Im-
perial sanction, and be brought to a happy termination.
" The accomplishment of this will be the object of our
asrious and incessant care, and we hereby reckon on the
good sense, gratitude, and loyalty of our faithful people.
(Signed) "FERDINAND.
(Countersigned) " WESSENBERG."
" Given at our Imperial capital city, Olmutz, the 19th
day of October, 1848."

MONEY and COMA. ERCIAL N LW'S.
CITY, QUARTER TO THREE.

The Cotton Market at Liverpool yesterday was rather
brisk. Sales 8,000 bales, including some by auction.
—Shares were much better. _ _

Further important alterations have taken place in the
sum of the Bank of England liabilities and assets during
the wet k ending the 2lst inst. 'The active circulation of
notes was augmented by the r,sidue of official and divi-
dend payments, which acted likewise upon the Govern-
ment balances. The Chancellor of the Exchequer would
seem to have repaid advances obtained fri m the Bank,
looking to the great reduction in the Government secu-
rities, and the other securities were lessened by the re-
funding of advances made to private individuals during
the shutting of the books. The principal items of the
account, compared with the previous week, are as fol-

Lows :
Notes issued 26,592,550
Decrease
Rest . ... 3,336,565
Increase
Public Deposits 3,162,909
Decrease
Other Deposits

Decrease

14,103

Seven Day and other Bills
Increase
Government Securities
Decrease
Other Securities
Decrease
Notes
Decrease
Bullion
Decrease
Active circulation
Increase 226,205
During the four weeks to the 7th of October instant
the circulation of Bank notes in the United Kingdom
amounted to 31,496,9981., being only a decrease of
37,892/. compared with the previous month.
The publication of the North-Western Railway ac-
counts, and the intimation that the " Stock Exchange
Weekly List" will not in future contain any remarks,
have had a most decided and cheering influence upon
railway securities, and we may expect to see them
once more in the ascendant.

The Bank of England loan to Fldtcher, Alexander,
and Co., made under guarantee, is to be renewed for
twelve months.

There has this week again been a good deal of bullion
sent from London to the continent, the quantity of silver
exceeding 518 ounces, and of gold 2,000 ounces.
The Funds are exceedingly buoyant; the favourable
advices received from Vienna have still a good effect.
Consols have ranged from 85 to 86, and are now 85 8.
Exchequer-bills ure 41s. to 445. premium. Bank Stuck
has been done at 1871. The New Three-and-a-Quarter
per Cents. are 85 to 858.
The Foreign Exchanges were firm yesterday after-
noon.

Mexican Bonds are 201 to 21, and Spanish Three per
Cents. 22i. Portuguese, Brazil, &c., are nominal. Dutch
Two-and-a-Half per Cents. 44} to 45i.
The advance in Railway Shares is most important,
being in the heavy shares 3L to 6/. and 8/. per share, and
in the new lines in proportion.
BRITISH FUNDS THIS DAT. AT ONZ O'CLOCK.
(From the Official List.)
Bank Stock 187%
. _

3 per Cent. Reduced Annuities.-- 845y%
3 per Cent. Consols Anns 1153A IA ES 853 A
New 314 per Cent. Anns. B5 Vs $5 $5%
Long Annuities, Exp. Jan. sth, 1860 8 7-18
India Bonds under 1,0001........ ....... ..„ 45 42 p
South Sea Stock 93
Consols for Account Bs /q 86 853/4
Exchequer Bills. 2 lAzd. 2d.
March. June.
1,0001.
5001 42 p
Small 46 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Dan:sh Bonds 1825, 3 per Cent.... 6534
Mexican Bonis, 1846, 5 per Cent...... 21 203 A
Spanish Bonds, 3 per Cent. .. ...... 22,A
Dividends on the shim payable in London.
Belgian 41h per Cent .... 7l
Dutch 2 per Cent.,l2 Guild 45 46 A 44%
Ditto 4 oar Cent. Certificates
BUSINESS DON IN RAILWAY SHAKES AT ONE. O'CLOCK
RAILWAY/. PAID. PEA Basin.
Aberdeen
Amber., Notting Boston, &c 414 — to

-......i., - 2g.,
Ayrshire and Galloway
Belfast and County Down .. 17% .. ..
g irm ingnam & Oxford J unct.,
calls duly pd, or with guar. 20
Do., withouta guarantee... 20 ... ..
Birmingham, 1 Vol., & Dudley,
calls duly pd, or with guar. 10 ... . 13
Do., without a guarantee... 10
Binning., \Vol., & Stour Val. 131.145.... to
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, Stamf., & Birming... 6
Bristol and Exeter . BS
Do., Thirds
Buckinghamshire l4/. 4s 31,x3/4 die to
Caledonian
Ditto, Half Shares
Ditto, New 101. Preference 5
Ditto. Clydesdale Junction 50
—_

heater and Holyhead..„ 50 ..... 2114 ...... to
Ditto, Preference
larence.

Do., lst Class, 6 per Cent... 10 - • ... to -
Do., 2d Class, 5 per Cent... 10 - to -
Do., Goy. Loan, 4 per Cent. 10 -
Direct London & Portsmouth 5% - to -
Dublin and Belfast Junction.. 35 - ...... to -
Dundalk and Enniskillen ... 20 -
East Anglia, 251. L. & E.,
lied L. & D - -
Ditto, 181., E. & H lB ...... - ..... to -
Ditto, 31. 105., E. & H 3% - ....- to -
, astern Counties -
Do. New Guarant. 6 per Ct. 7% 8 -
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d... - -
Do., do N0.2,6/. 13s. 4d... -
Do., Northern & Eastern... 50 - to -
Do., 5 per cent. -
Do., Quarter .... . ...... . ..... 12 %... .. -
Do., New
Eastern Union, Class A (late
E. U. Shares) ......... .. 25
Ditto, ditto, Class A, ditto 1 - to -
- to -
Ditto, do, Class 15 (I. & 13) 20
Ditto, do, Class C, ditto... 20 - to
Ditto Scrip (gua. 6 per ct.) 10 . - -
Ditto, ditto ...... ..„...... -
Ditto (C. & F..), 5 per ct. 2% - to -.
East Lancashire - -
Ditto, 6% 4 New ... .......... .... .21 - •••.. to
Do.,New Quarters -
Do., 6 per Cent. Preference
Quarter Share. 414- 4 •••-• to -
East Lincolnshire 23 ...... 21% %...... to -.
Edinburgh and Glasgow 5O - ...... to -
Ditto, Half Shares - ...... to
Edinburgh and Northern - ..... to -•
Ditto, New port l3
Exeter, Yeovil, & Dorchester 2% =
..
.. .. . .
tt,
.....--
Glasg., Dumfries, & Carlisle-8/. 6s.Bd -
..... .7
.....
Glasgow, Kilmarnock, & Ayr 50
...... r
Do. Preference Consolidated -
•• ... to -.
Great Northern
Do. 1,4 A Deferred ..... ... 12% 3%14% to Do. %13 6 per Cent. Gear. 4%
Do. Extension .... 1,4 ...... to
2 %.. - t
Gt. South. & West. (Ireland) 42% 22% "*.
° -
.
Great North of England 100 -
Ditto, /sic w 40/. 4O 217 ...... to -
Ditto, ditto - ...... to -
Ditto, 'sew 30/.
Ditto, New 151...... ....
• -
Great Western
Ditto, Half Shares 5O -
Ditto, Quarter Shares 2l
Ditto, Fifths
Do. New 171. l3 .. -
Huddersfield and Manchester 30 to -
Ditto, Thirds lO -
Hull and Selby 5O
Ditto, Ilalf Shares .. ...... 25 - -
Ditto, Quarter Shares 121,4 - to -
Lancaster and Carlisle.... ... 50 -
Do., Thirds... - -
Lancashire and Yorkshire ... 93 - to -
Ditto, ditto -
Ditto Half Shares .. „ 43 ...... - ...... to -
Ditto Quarters 17% - to -
Ditto Fifths 9 - to -.
Ditto Sixteenths ........... 614...... - ... to -
Ditto Thirds (Reg.) - ».... to -
Do., New Guar. 6 per cent. 5 - to -
Do. Liverpool and Bury... 43
Do. (Hudders. and Sheff.) 43
Do., Wakefield, Pontefract,
and Goole 5O - -
Do., West Riding Union.- 7 .... . - -
Do., Preston and Wyre ... 25 ..„.. - -
' Do., do. Half Shares (A) 9% 1214 to ._Leeds and Bradford -
Leeds,Dowsbury,& Manches. 50 - to -,
Do., Half Shares - -
Ditto, Blue (scrip) .. 2% - ...... to -
Leeds and Thirsk ... ..... . ..... 50
Ditto, New
Do. , do., Prefer., 6 per Cent. 3%. .... - ...... to -.
C.iverpeol. Crosby, and Soul h-
Port . - .. - to .....
u.verpool, Manchester, and
Newcastle Junction 21,4 - ...... to -
London ,fir Blackwell ......131. Os. 8d -
Do. Extension .......»..... 22% - ...... to -
Lond., Bright., & South Coast 50 - to 28
Do. Guaranteed 5 per Cent. 9 ...••• - - ..• to -
De. Pref. Cony. 5 per Cent. 50 - - ... to -
Ditto, ditto 1852 50 ..... - -
Do., New, guar. 6 per cent. 4 ...... 4% ... -
f ondon and Greenwich... 121.155. 4d... - ... -
Ditto Preference
18/ 1712 d... - ..... to -_
London & North Weetern.....loo ...... 114 115 112 to 115
Do. Quarters (L. and B.) 22 - -
DI. New
Do. Fifths
... to _
Do. 40e. Shares.... L. & M 25 ...... - -
Do. 101. ... M. and B. (A.) 9 ..... 5% -
Do. 101. .. M. aid B. (13.) 9
Do. 10/. ... M. and 15. (C.) 1 - to -
London and 5. Western...-. 50
6. Ditto, New 504 ....... ....... 421,4...... 27 -
Ditto, New 404 ... .........84
Do. Tenths (Consolidated) SO - -
Do. Tenths (Consolidated) 40
Ditto, Thirds ... .131. 68.8 d ... 434 dis. to -
Do., New Scrip, 1848, Pref.
7 per Ct. on Deposit and
5 per Ct. on Calls 11. 13s. 4d.... % dis. to -
London, Salisbury, & Yeovil 1% - to -
Londonderry and Coleraine-. 27% - ...... to -
Londonderry and Enniskillen 27% - ..... to -
Lowestoft (guar. 4 per cent.) 20 - -

Ditto (giiir. 6 per cent... 8
Manch, Buxton, & Matlock 4
Manchr, Sheffield, and Linc.100
Ditto 14 Shares (No. 1) —. 18
Ditto, ditto (No. 2)
Ditto, lii3 Shares (No. 3)... 10 . .....
Do., New 10.. Preference.. 10 ... .. ...,,, to
Ditto Grimsby
Ditto, ditto. ... .. ll -
Ditto, ditto
Ditto Sheffield and Line. 121 h......

Ditto, Grimsby Dock
Ditto. Man. & Lin. Union 41. 2a —
Midland...... ..... . lOO 78 7634 77% to 76
Ditto, Consol. Pratertlace...100
Ditto, 50/. 5hare5........... 20 714 81,,1 734 to 8%
Midland, Birm., and Derby...loo ..... 54
Midland, Consol. I:riptel and

Birmingham, 6 per cent.... 100
Midland, Bristol and Glouc. 38 ... ..
Ditto ditto 141. 18s. ..
Midland, Leices. and Swan-
nington
(8 per ct.gua.)....100 .... .
id idld. Great Western (Irish) 42t,
Middlesbro' and Yedear. 6
per cent. guar. .... ..... . ... 60 -; . to :.....
Newcastle and Carlisle lOO .....
Ditto Quarter Shares
Newmarket .... 2O
Ditto Extension Scrip... 21. 12s —
Newport Abergy., and Hera: 6
Newry and Enniskillen ...... 7 -
Newry, Warrenpoint, and
Bostrevor ..... ............. 20
Norfolk
Ditto New 20/.
Ditto Extension 5 per et... 20
Do. Guaranteed 5% per et. 5..
Do. do. Wayeney Valley... 2 -
Northern Counties Union ... 4 ..... ...... to
North British
Ditto Half 5hare5........... 12%..... 64..... t., -
Do. Quarters 64 .. ...... to --
Ditto, Extension Ng -
Ditto Thirds ... ......... ..... E 4...... 334 %
North and South-Western... 2 .. .. ..
North Staffordshire... .. ...... 16 ... 81414 to a
North Wales ...... to
...

North Western
Oxford, Worcester, and Wol-
verhampton .. .
Reading,Guildtd., & Reigate 10
Royston and Ilitchin ..... .. 2 -
Scottish Central
Scottish Midland .... .. 25
Ditt0,New........„ 17% — to
Sheffield, Rotherham, and
Goole 7% — -... to --
Do. do. (South Div.) 8
..!hrewsbury and Birmingham 9
Ditto, ditto, Class B. 5
Shrewsbury and Hereford .. 2 - ••• .. to
Shrewsbury and Chester
(Nor. NV . hlln.)
...„,. ...... to
Ditto Halves. Ditto $ ... .. . ... to
Ditto, Oswestry l6
Ditto ,New) 1
Ditto 8 per Cent. Pref....... 10 -
Shropshire Union
4 ••• •• %%••• to
South Devon .. ... ......... -. 50 ...... ... ...to --
Ditto, Preference ...... ..
South Staffordshire..., 6% — - .. to -..
''outh Eastern
Ditto, No. 1. -
Ditto, No. 2. 22 -
Ditto,:No. 3. 25 -
Ditto New, No. 4. Thirds 10
South Wales -
South Yorkshire, Doncaster
and Goole 5 - ...... to
Swans. and Loughor and Ca-
meron's Stm. Coal ..... .... . 6 -
Taw Vale Extension .. ..... 8 - ..-.. to --
Thames Haven Dock and

Railway l7 % -
Vale of Reath
Waterford and Kilkenny l7 % ..... ...•
Waterford and Limerick..... 45 ... .•
Waterford, Wexford,Wieklw,
and Dublin - .... • to —.
Wear Valley 6 per Coat.

Guaranteed - -
Do. do. do. - .... ,to -
Do. do. do.
West Cornwall 6 - to -
West London -
Ditto, First Class ... .. 20 - to -
Ditto, Second Class 2O •••••• .... ••.•• tO ..".
Nhitehaven and Furness lB ..... - ..... to --..
Windsor, Staines, and South
Western... .. 91,4 -••-•• to --.
Wilts, Somerset,&Weymouth 40 -
York, Newcastle, and Berwick 26 - •. to --
Do. Original New & Ber'ck 25
Do. Exten. No. 1 (Y. Si N.) 15
Do. do. No. 2, New & B. 15 -
Do. G. N. E. Pur. or Pref. 3 - to 654
York and North Midland .. 50; E 4B
Ditto, Preference :10 _ 631% $ to 7%
Ditto East and W estßiding
Extension - 25
FOREIGN RAILWAIS.
Anglo Italian (late Italian ..,.
and Austrian - -
Boulogne and Amiens 2O ...•• ---. • to •-•
Central of France ( Orleans
and Yierzon) ... - to Mieb
Ceylon ....... - -
Demerara. ............ ........... 13 . .... -
Dendre Valley - `to --
Direct Bombay and Madras ss. .... . - -
Dutch Rhenish 74 ..0.
East Indian - to -
Great Indian Peninsular ' U....... - to -
Louvain S. la Sambre ......... 7 - ...... to -
Luxembourg
Madrid and Valentia - to
Namur and Liege •••••• 20 - to .•
Northern of France l2 ...... 0% to -
Orleans and Bordeaux ... .. 7 - ...... to -
Paris and Lyons - -
Do. I: o. - ••• *ye t* ...'
Paris and Orleans.... 2O
Paris and Roucn 20 - to -
Paris & Strasbourg .......... 0 ...... -- to -..
Rouen and Havre
Sambre and Meuse
Strasburg and 8a1e..... - ••••• tO --
Tours & Nantes ... .. ...... ... 9
••..•• to .....
l'ournay, J urbise, Landon,
and Hasselt •••••• ..
•••••• to -•20 ••.... --
West Flanders - ...... to -
JOINT STOCK BANKS.
Australasia
40 • ...... - - British North American . ... 60
~
Colonial .... -..•...... ..... to -
... 23 •.
. ..... •-• •.... ••• i• ""*
commercial ot London ....... 20 .7 - . . to
- London Joint Stock ..... .... 10
. - to -
London and Westminster... 20
......
to -
Ditto, New g 1 ......
..... . ..... •••• -0 ••••• "-.. • • to
....'....
National of Ireland ... .. 22% --••• ** to -
of Provinciallreland ........ 25
Ditto, New ...... 10-
........... .. ..... _ _ ... • • -••-• • to -
Union of Australia ........... .25 -
Ditto, New...... 2% - -
Union
of L0nd0n.....,. 10
. ••-••
Union of Madrid ......... ...... 40 „ - .... to -...

Angle !lexicon MINER._ _
100 ......
Asturian Mining Company... 18 -•---
A.ustralian... 21,4 — ....... to
Blaenarvon Iron and Coal ... 60
Bolaws Scrip — — to --.
British Iron ..
Brazilian Imperial ..... ..... 24%...... ••••• to—`
Ditto Cacaos and Cuialsa... 30
Ditto St. John Del Rey ... 18
Cobra Copper ... 40 -
General Mining .
Real del Monte. Unregistered . ..
Do. Black Debentures —
Do. Red Debentures ..... ....
Santiago de Cuba lO ...... —«. to
United Mexican .....- 2lll/ 23(..... to-

COURSE OF EXCHANGE.
Amsterdam 12 11)4 Gibraltar.• •••••• • • •• ••
Dit'a,, at sight ...... 12 I Leghorn ........ ••.. • • 32 3
Rotterdam 12 3 Genoa .. •• • • ...... •• .. 26 15
Antwerp.• •
............ 25 IS Milan •• ••••• •• • • --
tLanburgh .... • .11.8. 13 12)4 Venice.-- .• •••• • • ••
Altona•.... ••• • • ... Naples ...... • • .... •• 33%
Paris, 3 days' sigh t . • 25 30 Palermo,
Ditto, 3 months 25 77;4 Lisbon. ... • ........... 315
I,(arseilles • . •••• .. • • 25 77)4 0p0rt0.....• ...• •••• •• 61A
Bourdeaux ...• • • •25 7 Rio Janeiro • • .... • --
Frankfort oa Maine.... 122 k Messina ... ..
..........•
Petersburgh, Sil. Able 33N Buenos Arree .. ••• • • • •-•
1ier1in........ •••• • • • • New York, 21 dayesight ••••
Vienna, effec. fle..•••• Philadelphia .... •• • • --
Trieste, ditto.. •. •• PRICE/ or BULLION, PLII 01
Madrid •• • ..... 47,4 Foreign Geld la bars.. £3 17 9
Cadiz •• • .......... •• 45% New Dollars .... •• 0 0 0
8i1ba0.... ••.. • • ...... Portagal Gold Coin .. • 0 0
Barcelona •• •• Spaalsh Doubloons .. • 0
•
Seville.. •• •••••• •••• . Silver la bars ......•• 60 0