The Sun.
London, England, 1846-03-04 00:00:00

THE t'UN' EXPRESS.

SUNDERLAND, Fre. 28.—The Sun to- day has outdone all
its Conteer.poraries, at least with reference to this place. A
small parcel of the morning edition, containing a full report
of the debate up to twenty minutes past three o'clock the
same morning, and the result of the grand struggle betwi en
monopoly and freedom, was received by Mr. Williams, news-
agent, at twenty minutes to five o'clock—three hours and
forty minutes before any other morning paper arrived. Circulars
had been received by some of the news-rooms and other
parties from one of the principal newspaper agents in the
City, stating that parcels from him by express would arrive
at Sunderland at half-past four or six o'clock ; but, from
'some cause or other, The Sun parcel by express, direct from
the office, was the only one which arrived. Copies were for-
warded to the news-rooms, an one to the mayor ; and the
intelligence of the great victory soon spread through the
borough, and appeared to give pleasure to all—even the old
Tory shipowners seemed to brighten up, with the prospect
pf _ extended exports and imports, and consequent better
freights. All parties acknowledge the greatest obligation is
due to The Sun for the spirit and success of its efforts on
this important occasion.
(From the Somerset County Herald.)
We are indebted to the proprietor of The Sun for an ex-
prate edition of his paper containing the division on the long-
protracted debate on the Government measure.

LLOYD'S SHIPPING.--(THIS DAY.)
Dim., MARCH 3.—The Reflector, Manning, arrived in the Downs
from Cuba, experienced a hurricane which lasted three days; 10th
ult., in lat. 41 N., lon. 51 W., lost sails, boate, &c., had slx feet water
in her hold, and threw part of cargo overboard.
Livzapoot, 31.kacti 3.—The Portland, li'Allister, from Cuba to
London, foundered 29th January-, in lat. 2G S., 1011. 5G IV. ; Crew
sated by the Denison, King, at this port. The Ben Lomond, from
the Clyde to Mobile, which was on shore near Catupletown, has been
assisted off, and taken back to Greeneck to repair.
(7oar, Ideacit I.—The schooner Harmony, of Halifax, was aban-
doned 25th January, in lat. 34 N., lon. 58 W., in R sinking state,
BALTIMORE, Faa. 27.—The Volunteer, Reed, from Liverpool to
the Clyde, put back to Ratline, 27th Instant, making water, Laving
struck on the banks. The Volunteer, Reed, from Liverpool to Ge-
ist; has put in here partially leaky.
Flaskanunau, Fee. 28.—The John and Margaret, Edwards, from
Newcastle to Inverness, came on shore in Whitellnk nay this morn-
ing, but has been assisted off, and has come into the harbour.
.M•scrrs, MAacu 3.—Aril. Candahar, Calcutta ; Marmlon, Cey-
lon ; Switzerland, New York.

SwANaca.--inkngiisliba;que of about 3:12 tons, apparently tim.
ber laden, with loss of sails, and only a reefed. foresail set, 12th ult.,
ill lat. 23, long. :2, by the Crusader, Labalestter, arrived (ahem

MARKET NENTS.-(THIS DAY.)

CORN EXCHANGE--WEDNESDAY

We have again to report the arrival of a very moderate supply of
Wheat for our market, consequently the stands were barely flied
with samples. Although the attendance of buyers was entail the
finest qualities of both red and white commanded a steady sale, at
very fUll prices ; while the value of other kind. was readily sup-
ported. For foreign Wheat there was a fair demand but without
any improvement in value. Holders of Corn under lock
were again firm, and would not sell except at extreme figures.
Malting Barley, the supply of which was small, moved off briskly,
at Monday's prices. In other kinds comparatively little was doing.
The Malt trade was steady, at late rates. Oats were in good reqUest,
at quite as much money ; bat all other articles commanded very
little attextUou.

Knglisk
Irish
Foreign

'eat.
1,740 gra.

ut=IYI Ls.
Oats I Flour.
1,521 tri. 1,770 411. 2,9 M aka

2,610

Malt, 1,460 arc
17711/TECII..4.IMX"
The supplies of Meat on sale here being on the Increase, the de-
mend was throughout heavy, at barely last week's quotations :
Reef, from 2s 4d to as ed ; Mutton, 25 6d to 41 Gd ; Veal, Ie
U 10d; and Pork, 31 8d to 55 2d per bibs by the carcase.

The Marquis and Marchioness of Ailesbury intend to
proceed this week to Paris ; and wo hear that the Noble Marquis
and Marchioness contemplate a sojourn of six weeks in that capital.
The Marquis and Marchioness of Londonderry and
Lady .Alexandrina Vans, it is expected, will leave Holderness House
shortly for Paris, to remain there until after the Easter recess.
PRINCE ALBERT AT HYDE.—On Monday his lin) lil
Highness Prince Albert arrived, in the Fairy steamer, off Hyde,
where he was received by a vast concourse of people, the guns of
the superb, tiO, firing a royal salute. His Royal Highness, accom •
panted by his suite, proceeded to the site c a new building about to
be erected, and there, with the customary ceremonies, held the foun-
dation "le of the Royal Victoria Vatch Club House. A spectator
observes, " It was one of the grandest days
Ityde ever saw ; and the
inhabitants of the Island, it would appear from the numbers assem-
bled on the occasion, estimated the ceremony as an event of surpass
lug Importance."
The Dukes of Hamilton is slowly improving in
health.
His Excellency the Turkish Arabasador leavt,s town
in a few days to undertake the duties of minister of Commerce at
Coasttuatinople.

LONDON AND WESTMINSTER
BANKING COMPANY.—(THIS DAY.)
The prom ietors of this Company held their usual annual meeting
this day at their offices, Lothbury, for the purpose of declaring a
dividend, the re-election of three directors who go out by rotation,
and the disposal of general business.
The chair was taken at one o'clock by
Pentscri Mexweta !STEWART, Esq., who said, that before sub-
mitting to the meeting the report of the proceedings of
this bank for the year 1845, if they would allow hint, he
would say a few words to recel to their minds some of
the characteristics of the year 1845, as the results of establishments
of thin kind. He was aware that, in great commercial bodies like
this, dispatch was the life of business, and therefore be would not
detain the meeting by snaking a long speech.—(Bear, hear.) The
year 1845, it would be remembered, was characterised by a great
abundance of money, a circumstance fraught with great danger to
Inexperienced banking establishments, inasmuch as they often expe-
rienced great difficulty in procuring money to pay their dividends, by
reason of their having placed their money out of reach, by inver lug it
in some Sea I security from which they were to obtain a higher
amount of duty than from the usual seem ities. But the closing of
the year 1845 was characterised by circumstances diametrically op-
posite to those which marked its opening; and money, instead of
being abundant and cheap, had become scarce, almost amounting to
pressure on the market. But suck were the principles upon which
the directors of this bank had conducted the business that they had
secured ample funds wherewith to meet all just demands upon them
with liberality to those to wholes they were due and with satisfaction
to the proprietary ; while in no instance had they ever violated their
established rule of never re-discounting a bill. (Hear, hear.)
JuJging, then, from the satisfactory state of their affairs for the
past year, it might be said that they could have afforded to pee, a
higher dividend than 6 per cent , but the directors had thought it
their duty to the proprietary to still adhere to the usual rate of 6 per
cent., and place the overplus to the credit of the reserved feud.—
(Hear.) And the result of that fund was that it enabled the directors
to keep up a uniform payment of six per cent., while in years of
scarcity or reverses, which some time or other attended all human
affairs, they had that fund to fall back upon, which in years of pros-
perity it had still continued to accumulate.—(llear, hear.) The
balance sheet of the rep rt would now be laid before the meeting,
and it would be found that it had been made out in con-
formity with the wishes of the proprietors, and upon a
plan, which in the humble but decided opinion of the directors,
was decidedly the best, namely, that struck out by the Government
as the form for the balance-sheet of the Bank of England.—(Hear,
hear.) By that balance-sheet it would be seen that the Company
had a paid-up capital of 800,0001., which had been sub-
scribed by about 1,000 contributors, which fact gained
thorn increased confidence from the public, and as it was lodged
in Government security, they had it as a sheet-anchor to windward,
against the storms which might assail them.—(Cheers.) And when
the proprietors should take a review of the progressive prosperity of
their establishment for the last 12 years, he believed that the hopes and
expectations held out at starting would be found to have been fully
and fairly realised. (Cheers.) There was one other point to which
he would wish to allude, as having been the cause of what
was technically called by monied men a " tightness" in the
money market during the year 1845. He meant those gigantic
operations called railway schemes, and the necessity fur those en-
gaged in them paying up the dividend required by Government.
When this arrangement was made, it never could have been contem-
plated that those railway schemes would amount to the vast extent
they had reached, but the effect of the Government
requiring this amount of deposit was that some of the oldest and
most respectable bankers in London waited upon the Government
with a view to induce them to alter the rule, and substitute
Government security or Exchequer. bills instead of money ; but this
was refused, and the consequence was that, nut taking into
account either Scotland or Ireland, the amount of deposits subscribed
in England alone was, he believed, about 11,000,0001. Ile asked of
the Govermnent in his place in Parliament, that the money should be
lodged in the Bank of England instead of with the Chancellor of
the Exchequer ; but all alteration of the rule was refused, aid the
consequence was that a large sum of money was withheld from cir-
culation, to the great injury of the prosperity of this great swwmor-
cial And here he should observe that, but for the liberal
conduct of the Bank of England, this difficulty would have been
greatly increased, and theretbre this establishment was greatly in-
debted to them.—(hear.) The layegone difficulties they had had with
the Bank of England had all long Sille• been satisfactorily arranged,
and all was now peaee.—(Cheers.) They had peace without and
plenty within, and if that was not a good item to carry to the debit
side of profit and loss, be was merely a mammon merchant, and not a
moralist at all. He had now to announce that Lord Wm. Douglas
had been compelled by other engagements to resign his seat in the
direction, and they had elected Mr. Thomas Chapman in his
stead.—(Hear, hear.) And in a very little time he hoped
to see other additions made to it from amongst the first cern-
mercial companies in this great empire of commerce.—(Cheers.)
The SECRETAAY then read the report of the directors, by which it
appeared that the balsince-sheet exhibited a very prosperous state of
the Co
yearrrmpany's funds, and that they had on hand, at the end of the
Bx,oool. The r 1845, a
eport rhea tuhieninp,,preonptr
ol ant etd.
sprofits
atto_
ie
tthe amount of
y
he profits of the,, d ,
b making
duringkhigprovision t pastwr all u
year, afterad and
doubtful
tfr ay g tbe
u
debts, amounts to 66,344/. Is. Out of these profits the directors paid,
lust September, a dividend at the rate of six per cent. per annum,
for the half year ending the 30th June, and they now declare a divi-
dend at the same rate, for the half-year ending the 31st December.
After the payment •I these dividends, making together 48,0001.,
there will remain a surplus of 18,3441. Is. to be added to the reserved
fund, which will then amount to 58,2481. 16s. 4d.
" The three Directors who go out by rotation, are Joseph Esdalle,
Esq., Sir Jelin Kirkland, and John Stewart, Esq., all of whom,
being eligible, offer themselves for re-election."

Illettlng had not concluded when our report left.)

SOUTHWARK-(THIS DAY•)
Eduard GGrdort, a man, about 35 years of age, was placed at the
bar, before Mr Cottenhatn, charged with stealing a great coat from
the house of a gealeinan named rslackmore, of Charles-street,
Morselydown.

On Monday morning, about eight o'clock, the prisoner called at
Mr. Blackmore's house, and said he had been sent from the City
with a bottle of iak, at the same time handing a note to the servant,
demanding half-a-crown. While the latter went up stairs to mak•
inquiries about it, the prisoner decamped with a great coat, value
21- 25., which was hanging in the hall.
Last evening the prisoner went to the house of Mr. CM', in Free
school-street, llorselydown, and presenting a similar note with a
bottle of patent ink, demanded, as in the former case, half-a crown,
The servant, however, suspecting him detained him, and a
policeman gave him into custody. in his possession were /odic'
several notes, of which the following Is a copy :--" Received, the 2d
of March, 1846, for a bottle of patent ink, 2s. 6d., from Thomas
Mason, 14, Fish-street-hill, City."
The policeman said the prisoner answered Use description of a man
who had carried ou the same trick in various parts of Lambeth, and
he was therefore remanded until Monday.

RAILWAY COMMITTEES

(THIS DAY)

Sub•Committe• No. 1.

This Committee re-asserabled this morning at twtara o'clock In
room No. 7 ; Mr. Strutt, chairmen.

TREATMENT OF THE PRESS.

Upon the gentlemen of the several journals entering the room this
morning they were most disagreeably surprised by finding the seats
which had throughout the whole of the previous sittings of
the Committee been exclusively set apart for their ac-
commodation, taken by the agents, thereby causing the greatest
disarrangement to the gentlemen of the press. lied this
arra Bement, or, as we should say, disarrangement, been forced
upon tile Committee for their own ease and comfort, It would be far
from our province to complain, but such is not the case. The seats
occupied by the agents for the four previous weeks were not required
for any purpose, as the chairs were empty during the whole day. The
consequence of this change is, that we arc thrown into the back-
ground, where it is impos►ible for us to hear one word of the proceed-
ings correctly. It is but justice to Mr. Gunnell, the clerk, to state
that the blame cannot attach to him, for he arts most kindly, on all
occasions, given every information required by the gentlemen attend-
ing for the press. We trust the Committee will see the propriety of
nut impeding the duties of those who attend to furnish the public with
intormation of the greatest interest.
THE SHREWSBURY AND HEREFORD.

This adjourned case was called on, and the opposition proceeded
with the allegations, but, tor the reasons above stated, it was out of
our power to hear any part of the inquiry. Why the press should
have been so inconvenienced, when the Committee had net thought
proper to remove a host of persons (idle loungers) standing between
us and the agents, it is in the power only of the Mon. Members to
explain.

Sub-Committee No. 2.

After disposing of some private Bills, the Chairman called on the
LEEDS, NtrAzErxELD, AND MIDLAND

JUNCTION.

The object of the promoters of this Bill was to construct a railway
from the Midland Railway at Clievet Tunnel, near Wakefield, to
Leeds, in the West hiding of tic county of York. The amount of
capital was 400,0001. ; the length of the lime, 9 miles, 4 Inches, and
2 chains.

The Committee having heard the formal evidence, declared that
the standing orders had been complied with
Engineer, Mr. T. Swanwick ; surveyor, James Alexander. Esq.;
Parliamentary agents, Messrs. tiultner and Dunsford; solicitors,
Messrs. &holey, Stewart, and Webster.
SHREWSBURY, OSWESTRY, AND CRIES-
TZR JUNCTION, AND NORTH WALES
MINERAL RAILWAYS AMALGAMATION
The object of the promoters of this Bill was to obtain powers from
Parliament to effect the junction' between. these two Companies, and
set forth that the same would lead to a more efficient and economical
arrangement of the affairs.
The formal evidence having been heard, the Committee found that
the standing orders had been complied with.
LONDON', BRISTOL, AND SOUTH WALES
DIRECT.

The object of this Bill was to connect London and Bristol by the
shortest line, and with South Wales. Tkie4 length of the proposed
line was 36 miles, and the amount of capjlal 674,0001.
Engin er, Mr. T. Giles; solicitor, jar. Nathan Gnus ; Parlia-
mentary agents, Messrs. Dorrington Nud Ellicombe.
The formal evidence having beeti-heard. the Committee decided
that the standing orders had been complied with.

This being tlti last case oa the List, the Committee adjourned,
shortly after two o'clock, till twelve o'clock to-morrow.

Sub-Committee No. 3.

This Committee met to-day at one o'clock. There were present
Mr. Aglionby (the chairmen), Mr. Thornely, Mr. Edward Buller,
and Mr Suns&ld.

LYNN AND ELY (SPALDING zxrwarszoN).
The Committee resumed their consideration of the petition for this
line.

Mr. VEN&DLES contended that the 231 standing order had not been
complied with, inasmuch as the plans were deposited with the
clerk of the peace for the Isle of Ely, whereas, they ought to have
been deposited with the clerk of the peace for the county of Cam-
bridge. The Isle of Ely was not a county, nor a division of the
county of Cambridge, although it had a clerk of the peace who ex-
ercised a jurisdiction independent of the county of Cambridge. The
borough of Liverpool had a clerk of the peace who was uncon-
nected with the clerk of the peace for the county if Lancaster,
but it could never be pretended that a deposit with the •clerk of the
peace for Liverpool 3% as sufficient for that county.
Tint CHAIRMAN over-ruled the objection, and decided that for all
the purposes of publicity, and according to the true meaning of the
standing order, it had been properly complied with.
The petition for leave to bring in the Bill was then declared to
have been proved.