The Sun.
London, England, 1846-05-08 00:00:00

0 tninairn
oz,)

LONDON, FRIDAY, MAY 8, 1846.

The Lords met at Five o'clock.

Lord ASHBURTON moved for returns relating to the im-
portation of foreign corn, which gave rise to a slight dis-
stission, in the course of which the Duke of RICHMOND pro-
tested against the corn- law question being considered as
settled, and w,as replied to by Lord Bitouciram, who admitted
that the question was not yet settled, but advised the farmers
friends to recommend the farmers:to act as if the question
were settled. After which the returns were agreed to.
Abe Bishop of EXETER postponed his motion on the sub-
ject of the Religious Opinions Bill until Monday.
Lord STANLEY then moved the second reading of the
Western Australia Bill.
Earl Gamic regretted that the Bill should have been
brought forward, and felt bound to oppose it.
Lord LiurrEuros supported the Bill.
The Duke of RICHMOND gave notice that he would move
!bra Select Committee to inquire into the affairs of the
Australian colonies, unless the Government brought forward
some mire to remedy the present dreadful state of affairs
in Class Monies.

Lord ',MELTON said that the matter was at present under
the consideration of the Government.
The Bill was then read a second time.
The Railway Deposits Bill was read a third time and
pawed.
The Friendly Societies Bill was read a first time, and or-
dered to be read a second time en Monday.
Lord REDESDALE moved that no Select Committee should
be appointed to consider an opposed railway Bill after Mon-
day, tile 20th of July.

The Earl of WICKLOW opposed the motion.
The motion was then agreed to.
The Abolition of Deodands Bill was read a third time an,
passed.

The Bills on the table were advanced a 51 age, and their
Lordships adjourned.

The SrzAKEI took the Chair at Four o'c', ck.
Sir JAMES GRAHAm, in answer to a question from Mr
Roebuck, stated that he had advised her MAJESTY to issue
a Commission.with respect to the state of the law in the
Channel Islands, and that he should have no objection to
lay on the table of the House the reasons for his doing so.

Mr. WATSON then brought forward his motion fora Se-
lect Committee to inquire into the nature and extent of the
taxation of suitors by the collection of fees in the Courts of
Law and Equity.

Mr. lIUME seconded the motion.
The Arrow;Ey• GENERAL opposed the motion,
Mr. IlintE and Mr. WILLIAMS supported the motion

Sir J. GRAHAM objected to the motion, because it had
been stated that the object was to impugn the conduct of the
Lord Chancellor. If such had not been stated to be its ob-
ject he should have had no objection to the appointment of a
Committee to inquire into the fees both of the Courts of Law
and Equity.

lir. F. BARING, in voting for the motion, did not consider
that he was passing a censure upon the Lord Chancellor.

Mr. C. BULLEa, Mr. Escorr, and Sir R. PEEL having ad.
dressed the House, a division took place, when thcre ap•
peared—For the 'notion, 65; against it, 80; majority against
the motion, 15.

The Leith Petty Customs Bill and the Railway Companys
Bill were read a second time.
The Salmon Fisheries Bill and the Election Notices (Ire-
land) Bill were also read a second time, and the reports
ordered to be received.
The House adjourned at Eleven o'clock.

The Senate of the United States, after nine weeks of
tedious discussion, have at last brought their deliberations
on the Oregon question to a close, and adopted a resolution
as mild and inoffensive, and, indeed, friendly, towards
England, as the most sincere advocates of peace in both
countries could desire. With a few exceptions, at least as
far as our attention has been directed to the long
speeches, the language throughout was conciliatory
and prudent. It displayed but little of the animo-
sity which distinguished the harangues in the House
of Representatives. The speakers in general showed that
they were practical men, and resolved to follow a safe and
peaceable line of conduct, in spite of the fiery denunciations
of the mob orators and the no less fiery and warlike mes-
sages of the President. The resolution, adopted by a majo-
rity jof 40 to 14, is extremely short, and runs thus :—" Re-
solved by the Senate and House of Representatives
of the United States of America, in Congress as-
sembled, that the President of the United States
be, and he is hereby authorised, at his discretion, to give to
the British Government the notice required by its said second
article, for the abrogation of the convention of the Gth of
August, 1827." The preamble to this resolution, however,
displays more distinctly the sentiments entertained by the
Senate, and these sentiments, we are bound to say, leave no
doubt as to the honourable motives of that legislative body.
England, as well as the United States, had the right to
give notice of the termination of joint occupation. This
is a matter regulated by treaty, and either party, therefore,
could adopt such a course without incurring the slightest
blame. The resolution and preamble adopted by the Lower
House showed a spirit entirely different from that of the
Senate; they were all imbued with warlike insinuations—
they partook more of the bullying character of a decision
adopted by an excited multitude, and led to the belief that
the parties sanctioned the notice, not so much with a view

to bring the disputed question to a fair and honourable settle-
ment, as to excite a war between the twe countries, unless
America obtained, as the President says is her right, the
" whole of Oregon." How different the language of the
Senate, as seen in the two following paragraphs of the
preamble :
" And whereas it has now become desirable that the respective
claims of the United States and Great Britain should be definitively
settled, and that the said territory may no longer than need be remain
subject to the evil consequences of the divided allegiance of its Ame-
rican and British population, and of the confusion and conflict of na-
tional jurisdictions, dangerous to the cherished peace and good un-
derstanding of the two countries ;

" With a view, therefore, that steps be taken for the abrogation of
the said convention of the 6th of August, 1827, in the mode prescribed
in Its seconi article, and that the attention of the Governments of
beth countries may be the more earnestly and immediately directed
to renewed efforts for the amicable settlement of all their differences
and disputes in respect to the said territory—"
-- -

Then follows the resolution which we have already given.
We only regret that any discretion whatever is left to the Pre-
sident, for thabitter animosity which.he has displayed. towards
England, we fear, will only make him use it for mischievous
purposes, taking for granted that the House of Representa-
tives adopts the resolution of the Upper House. Possibly
they will not, and the whole affair as regards notice will
therefore fall to the ground. But a crisis has now arrived
which absolutely prohibits further delay. The people on
both sides of the Atlantic are bent on a final settlement, or
its alternative—the American Government is encouraging
emigration to Oregon, in order to outnumber the British settlers
in that quarter, and when such a consummation takes place
a collision would become inevitable. It is the bounden duty
of both Governments to prevent such an unhappy result.
Mr. CRITTENDEN'S remarks on that point deserve the most
serious attention. " Postponement," said he, " only in-
creased the difficulties of settlement, and made the end worse
than the beginning. He feared that if the notice were
longer delayed collisions would ensue from it. If the ques-
tion could not be settled before the next meeting of Congress
he greatly feared that there would be a conflct among the
people of Oregon themselves. Confusion and anarchy would
be the only results of delay." Should the President, who
delights in mischief, therefore, refuse to givethe notice, it may
become necessary on the part of the British Government to adopt
a resolution to that effect, in order to bring the question to a
speedyissue. Preparations are evidently made by our Govern-
ment for the worst, and it is not fair that the people of the
United Kingdom should be put to great expense, and, at the
same time, kept in a state of uncertainty, as well as intense
anxiety, till it shall please such a reckless man as Mr. Pouc
to take a decided course. That he will not do before he has
made preparations for war. Is it right that England should
look on idly till it shall please the President and his coad-
jutors in the West to begin the game?

On Tuesday we alluded to the unsettled state of the law

respecting the liability of provisional committeemen, and
the allottees of shares, and urged the necessity of a speedy
decision being arrived at in the two important cases of
WOOLMEE V. TOBY and WALSTAD V. SPOTTISWOODE. Al-
ready hundreds of actions have actually been commenced,
and thousands more are threatened, which it is to be hoped
the directors will not be £0 mad as to proceed with until
judgment is pronounced, which will enable all parties
to form a sound opinion with respect to their
rights and liabilities. Should the Court by their
decision affirm the responsibility of allottees, in a
very short time the great majority will be found ready to
come forward and to pay the proportion of the expenses
chargeable against them, and thus a fund will be realised,
by general contribution, for the payment of the debts of the
companies. This payment will not be expedited by actions
being instituted while the law is doubtful as to the result.
Englishmen are not easily frightened, or bullied into
making payments to which they do not consider
themselves responsible they will view the proceedings com-

meneed with such unseemly haste as affording the strongest
evidence that the parties are conscious of the weakness of
their cause; defences will be taken ; heavy costs incurred,
which must lessen the probability of payment, by increasing
enormously the amount of the demand. There will always
be costs as between solicitor and client exceeding that which
can be recovered from the opposite party, which will,
in the most favourable result, occasion a very

heavy expense to the company, and, in many cases,
where the amount of the verdict, or costs, cannot be reco-
vered, they will still be responsible to their attorney for
their own costs, exceeding many times the amount of the
claim. In the vast majority of cases the letters of applica-
tion were addressed to the provisional committee, exceed-
ing, perhaps,onmeushtu nbderejdoininednuasmpbleair.ncEffsv,ery as oinnethoef
eventthose
committeemen
of the proper parties not being before the court, the action
must fail. We do think that there will be some difficulty
in procuring the assent of all to permittheir names
in t
to be used where a heavy liability
shape
of costs may be incurred, which may eventually
prove to be more formidable and harder to be evadedt
hn
those which at present affect them. Besides, the creditors
of the companies will be enabled to select their victim from
amongst the goodly number of the plaintiffs. By the fiction
• of law, they are supposed to be present in court, and in such
a case a substitution of services would very probably be
granted, so that a continental residence would not yield the
protection it now affords. Sheuld they succeed in obtaining
they
must verdict for the full amount of the deposit,
must well know that they will have to refund
the whole, less the proportion of the expenses
fairly incurred ; there can therefore be no object at present in
suing the allottees, as in the event of success no good would
be obtained, while, on the other hand, should the result be
different, and the former case of NOCKELS V. CROSBY con-
firmed by the courts, the consequences must be fearful in the
extreme, as every one of those parties would be collectively
and individually subject to the payment of the full costs on
both sides.
Some assert that, even though the allottees should escape
at law, they would still be held responsible in equity. We donot
think so. Many grounds of defence would be open to them in
equity which cannot be relied on at law, and we scarcely
think there is a single one of the companies which expired
without coming before Parliament which would stand the
ordeal of a court of equity. Besides, the difficulties of work-
ing such a cause with so large a number of parties would be
nearly insuperable, so that very little probability exists of
the allottees being compelled to pay through the interven-
tion of the Court of Chancery.
If, in order to avoid the sad alternative of bankruptcy or
insolvency, the person against whom a verdict has been ob
tamed should pay the entire amount, he can only proceed
against his brother committeemen to recover back a portion
of the money so paid, by a bill in Chancery, for a contribu-
tion, and he can only recover from each the proportion of the
amount which would fall on him if every one had paid; thus,
if there were one hundred committeemen, each could only be
called on to pay the one-hundredth part of the sum paid by
the plaintiff, who would thus lose the contribution, which ,

life ! " So far, therefore, is the population in Ireland irom
being blessed even with an ordinary proportion of nourish-
ment, that it becomes matter of astonishment to an
assistant-barrister, while addressing a grand jury, that the
people of a given district have had self control enough to pine
with extreme destitution, and yet remain subservient to the
judicature. Again,—The Cork Reporter of Tuesday declares
that "the wants of the poorer classes are already become so
pressing; that during the greater part of this morning the
Mayor's residence was surrounded by men and women, cla-
morous for food or employment." Nevertheless, the Pro-
tectionists would insist upon the fact of these rumoured mi-
series being altogether fallacious—" and yet they are all, all
honouraMe men." Surely, with so many incontrovertible
facts all conspiring to testify the reality of this scarcity in
Ireland, such conduct as that pertinaciously adopted by the
so-called supporters of the agricultural interest, becomes
nothing less than actual cruelty—it is like endeavouring to
s areas
the desirous
iaug hoi f
gn becoming.sto
snatch the rope from a drowning wretch. Unless these
ckbotthhoefobthjeechtioofusreeparnod-
Pbart6itoenctialliwsteu
of the country, they will forthwith terminate their present
system of opposition. It is one thing to advance a principle
—but it is another to stand between a starving multitude
and their salvation.

Two persons named PETER and Joey BUIILMANN, who
belong to the corps franc, have been arrested at Lucerne, by
orders of the Government, charged with firing at General
DE SONNENBERG. They deny the charge, and, as we have
before stated, it is very doubtful whether the General was
fired at at all, as it.is suspected that the affair is "got up" by
the Government to bring their opponents into discredit.

areahßmo of
st Wednesday.
talented
. e have received the Paris
paTs,haenodld
Lceonßatrozreersguye
et betweenyousoi regne et ne geuverne
has been revived by the
Journal des Debats and the Con' t• s i tutzonnel, and from an
supporters.
argument about principles, the controversy
have been expected, degenerated into has, as might
between M. GLHZOT and M. TinEns,t a personal altercation
of the Republicans and Royalists, who osetheh infinite delight
likely to serve their cause as the contineuant at nothing is so
of this mise-
rable personal squabble betwevepenarn7the
of the constitutional throne. The treaty of Lahore This also
the subject of comment in most of these papers.
Na-
tional, the Presse, the Quotidienne, as might have ex-
pected,beeen rail in good set terms at " the vast and craving a
tite of England." The Constitutionnel is more just, PaPned
merely observes that Lahore pays dearly for her defeat,
while, at the same time, a compliment is paid to England for
the "energy and cleverness" with which she is "extending
and consolidating" her power in India.
The grand r;:viow at Vincennes, in honour of IBRAMM
PACHAN visit, took place on Tuesday, and went off with
great eclat.
Funeral services were performed on Tuesday in several

THE SUN, LONDON, PRI DAY EVENING, MAY 8, 1846.

should be borne by the defaulters, and there is little doubt
that they would be numerous. There would be many other
inconveniences in this course sufficient to deter many from
venturing thereon; and to prove the remedy—a very
inadequate one for the mischief—the person paying, on re-
turning to his home, would therefore suffer far more than
those who are able to remain away. And many will not
venture home, although their prospects may be ruined by the
delay.

What course then can be adopted by which safety can be
secured, or, at least, the parties can ascertain a given sum,
which shall be the outside, for which they shall be called on?
We cannot conceive any, but a voluntary contribution
on the part of the directors and provisional committee-
men, by which a fund may be raised sufficient to pay off the
debts, and this should at once be done, in order to put an end
to the further accumulation of costs. Any sums which may
hereafter be obtained could be divided amongst those who
now advanced money; the demands would be materially
abated when it was known that there was cash in hand ready
for their liquidation. Every expenditure might be scrutinised
n the strictest manner, and nothing paid which was
not justly and bona fide Cue. It is in such a
course alone that there can be any safety for
the provisional committeemen ; and each person should at
once inform the solicitor and secretary of the company to
which he belongs, that he will not consent to have his name
used for the purpose of suing the allottees until
final judgment shall be pronounced in W001.31E11 O.
Tour; and also that he is willing to contribute
to a fund for the purpose of paying off the debts affectirg
the company. The sum to be paid by each, in the first in-
stance, could easily be settled ; a fair estimate may be formed
of the amount required and the number of persons who
will be ready to contribute to it. Should any sum after-
wards be recovered from the allottees, or the other com-
mitteemen who have sought safety in flight, it can be
divided amongst the parties fairly entitled to it. By this
means, all rash and hasty steps by which the responsibility
can be increased will be avoided, and although the loss may
be
.heavy in many instances, still there will be a terminus
beyond which it cannot go, and which will be far preferable
to the present state of doubt and uncertainty in which they
are involved.

Notwithstanding a mass of evidence sufficient to satisfy the
most leaden-headed disbeliever that an almost unparalleled
scarcity of provisions had been imposed by an omniscient
PROVIDENCE on Ireland, the Protectionists have 2614 pos-
sessed the audacity to jeer at the visitation as a shib-
boleth. While accounts were reaching this country inces-
santly that mobs of Irish peasantry, reduced by priva-
tion to a most ghastly spectacle of emaciation, were
visible in certain villages, the pampered representatives
of agricultural monopoly retained sufficient presumption,
cruelty, and hardihood, to christen such rumours
as mere indications of a " Government panic." For the con-
tinuance of a most contumacious opposition, for the bolster-
ing up of a most decrepid cause, these Honourable Gentle-
men refrained not from misdoubting the genuineness of a
famine cry, and endeavoured to stigmatise as hypocritical,
the voice of national lamentation. Parliamentary returns
stared Lord G. BENTINCK in the face, and yet, nevertheless,
this newly-enlisted legislator, attempted with con-
summate nonchalance to disprove the existence of
any scarcity whatever in Ireland. While the intelligence
had scarcely subsided of the attacks made by a destitute
rabble upon provision stores situated in different quarters of
that kingdom, his Lordship spurned, as ridiculous, the no-
tion that food was difficult of being obtained. The whole
mass of Dublin and provincial newspapers were altogether
unworthy of credit ; the local magistracy, who in numerous
instances had interfered to allay the sufferings of the popu-
lace in their vicinity, were equally labouring under a delu-
sion ; the various medical officers who had again and again
given their opinion that divers malignant epidemics were
fostered by the insufficiency, or the poisonous qualities,
of the provisions, were incompetent to express any
dispassionate ideas upon the subject. Everything of a
similar nature was chimerical, and everybody leagued to-
gether in a conspiracy to frighten Parliament into some
obnoxious concessions as to the abolition of the corn- laws.
Such was the very probable version of Irish intelligence
promulgated within the Commons House of Parliament,
and such are the very credible things we are called upon to
believe by the minority sqaad of Protectionists.
We were not to consider the outcry of many
hundred witnesses, of men who had wandered
among this attenuated people, but we were to place implicit
reliance upon the impossible statistics of Lord Gaosoa BEN-
TLNCK, which went very barely short of attempting the de-
monstration that black was white, namely, by endeavouring
to argue that what a multitude of eye-witnesses were unani-
mous in calling
." starvation" was virtually nothing more
nor less than "repletion." Never was subterfuge more
wanton, never was one assumed with more inef-
fable hardihood. Yet, notwithstanding this, Sir Ro-
BERT PEEL condescended to refute statement after state-
ment, and to expose fallacy after fallacy. In that there was
nothing remarkable, for the refutation was easy enough ; but
there was something really remarkable in the condescension
which the Premier thereby displayed. We are desirous of
avoiding anything like a repetition of facts already an-
nounced by ourselves; our readers are.unhappily familiarised
long since with those wretched occurrences which have,
from time to time, elucidated the existence of scarcity in
Ireland, and consequently we shall sedulously abstain from
reverting to circumstances already within their knowledge.
It may not, however, be altogether irrelevant to the extra-
cn dinary declarations of the Country Party, as they gro-
tesquely style themselves, to state that prices of all
kinds are still maintained, and that potatoes are now
more scarce than they were during the preceding month; and
this, be it especially remembered, notwithstanding the
large quantities of foreign provisions imported through the
instrumentality of Government I That is the veritable con-
dition of Ireland at this present moment, according to autho-
rities infinitely more competent to describe the appearance
of that country than Lord GEORGE BENTiricE or all his
valorous adherents. Although we generally coincide in the
aphorism implied in Mrs. Malaprop's opinion that " com-
parisons are oderous," we cannot refrain from placing
the Relief Committees and the Protectionist Mem-
bers in juxta-position--men striving earnestly for the alle-
viation of acute misery, and men throwing ridicule upon the
sufferers. Such, indeed, we might say, without profanity.
is the real presentation of the stone and the loaf to the
hungry. But the declarations hitherto, and at present ut-
tered, respecting the scarcity of nutriment in Ireland, have
unexpectedly received the corroboration of the Lord Chan-
cellor of that kingdom, namely, by an important order
issued by him on May 5, 1846, bearing reference to the relief
of the destitute upon estates under the Court of Chancery.
If some unusual mendicancy did not exist upon such estates,
why should Lord Chancellor SUGDEN resort to this extra-
ordinary mode of interference in a matter so peculiarly
delicate? And is not the very publication of this order
tantamount to a❑ injunction from the High Court of Chan-
cery, upon all guardians to such estates, to stay the on-
ward march of famine by their donations? Is it not
a most solemn official guarantee that starvation does
brood in all quarters of the island ? Every rational
man, every dispassionate man, every conscientiously just
man, would answer in the affirmative. What, again, are the
views upon this subject as expressed by an assistant-barrister
of Tipperary, when addressing the Thurles grand jury only
this very day week, Friday, the Ist instant? Why, he ab-
solutely congratulates the district upon the subordination of
its inhabitants ; and he utters the congratulation because,
says he, "It is unfortunately so apparent that a great scarcity
of food at present exists, that is not available to the people,
and is so diseased as to be insufficient and unable to support

churches in Paris, in commemoration of the anniversary of
Narorarox's death, particularly in the chapel of the Inva-
lides. All the old soldiers whose infirmities did not prevent
their moving, were present on this occasion. General
PETIT replaced Marshal the Duke DE Rscaro, whose health
did not permit him to leave his bed. The Duchess accom-
panied the Princess MazurLDE (married to the Prince LE
DEMIDOFF), who had come to join her prayers to those
of the old companions of her uncle. Amongst other persons
present were observed General GOIJEGArD and the Marquis
DE CRAMAYEL, formerly attached to the Imperial household.
King Loima PHILIPPE has written an autograph letter to
Sir R. PEEL, thanking him for the manner in which he
proposed his MAJESTY'S health at the Lord Mayor's banquet.
The Funds declined on the Paris Bourse on Wednesday, the
6th, in consequence of a report that unfavourable news had
been received from America.

The Three per Cents. were 84f. ;the Fl,re per Cents, Inf. 30c,
Spanish Domestic Debt, 31%.

The following are the quotations in railway shares .

Orleans 1,257 f. 50c. ; Rouen, 1,045 f. ; Havre, 762 f. ; Vierzon,
50c.; Boulogne, 512 n .50c. ; Bordeaux, 623 f. 75c. ; Northern, 76ilf.
75c. ; Paris and Strasburg, 517 f. .50e. ; 'fours and Nantes, 542 f. 50c. ;
Paris and Lyons, 575 f. 50c. ; Lyons and Avignon, Deiluitives, 53'2f.
50c. ; Bordeaux and Cette, Deflnitives, 515 f.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, MAT 7.
Boulogne and Atniens,l23—Central of Spain, 14—Dutch Rhenish;
111%,—East Indian, % —Orleans and Vierzon, 17—Orleans and Bor•
deaux, 11%—Paris and Lyons Constituted, 7%—Paris and Stras-
bourg Constituted, s%—Tours and Nantes Constituted, 6%.

Madrid papers of the 30th have been received. The Ga-
zette publishes the dispatches of VILLALONGA, the Captain-
General of Galicia, announcing the surrender of Vigo, Lugo,
and Pontevedra, and the complete suppression of the insurrec-
tion. M. ISTURITZ seems to be treading in the footsteps of
NARVAEZ, as far as proceedings against the press are con-
cerned. He ordered the Espanol of the 29th to
be seized, because it contained an article blaming
the lawless and sanguinary wholesale executions
of the Galician prisoners, and recommending a more merci-
ful treatment of those unfortunate persons. While Santiago
was in possession of the insurgents, the Junta published an
official paper, entitled the Revolucion. The first number,
which was published on the 16th of April, contained a decree,
signed by the President, Don Pxo RODRIGUEZ TERRAZO, de-
claring all the acts of the Government of Madrid to be null
and void, abolishing various taxes, diminishing the period
of service for all soldiers embracing the cause of the Junta,
and declaring traitors all who should directly or indirectly
oppose the revolutionary movement. The same journal an-
nounced that the Junta was daily expecting 20,000 muskets
from England.
Three per Cents , 34%.

MONEY and COMMERCIAL NEWS
CITY, QUARTER TO THREE.

The Cotton market at Liverpool yesterday was steady;
about 6,000 bales were sold, including 1,000 on speculation.
Prices were without alteration. The Share market was flat
in the early part of the day, lait became more active, and
closed with some improvement.

The Share Market was rather dull to-day, but still a con-
siderable amount of business was done. At the auction sale
of Messrs. Wickham and Co. a vast number of shares were
disposed of, but the prices realised showed a great depres-
sion. We select a few quotations. North British, Half
Shares, 178s.—Manehester and Southampton, 355. 6d.—West
Riding Union, 102s.—London and South Essex, 30s. 6d.—
London and Manchester, Rastrick's, 68s.—Ambergate, Not-
tingham, and Boston, 36s.—Rugby, Warwick, and Wor-
cester, 17s. 6d.—Eastern Counties, New, 16s. 3d.
An article appears in our Morning Conteraparary (the
Times), which requires a remark or two, in order fairly to set
a question at rest with respect to the probable influence
upon the money market, by the Bills for new railways
which will no doubt be sanctioned in the present session of
Parliament. It is stated in a leader this morning that
Bills are likely to pass, representing a capital of
40,000,0001. sterling, and an inference from this is drawn
that of necessity the money market must be cramped,
and the energies of the country impeded by so large a num-
ber of ills receiving Legislative reality, and, as a consequence,
were the premises well founded, a strain upon the available
capital of the country. To those who are interested in
advancing new railway projects, it is a matter of
certain calclation that long before millions are spent
in new railways the labourers will receive due
reward for their exertions, and all other branches connected
therewith,l'absorb 'but temporarily large amounts of money,
which in the ordinary course of things must tend to fructify
and advance the interests of all. It is a pure bugbear to
assume that public or private works within the country can be
a disadvantage to the masses. The abstraction of British
capital in subscribing for foreign loans and mining specula-
tions, have proved a real evil. Money expendedlin railways
intended to be formed in this country must be of advantage
to the labourer, the manufacturer, and all the connecting
links of which the community is formed.
A subject connected withjrailway scrip has been a matter
of some conversation to-day. It appears forgeries have been
committed to some extent, and that of one projected
line not less than twe thousand shares, or thereabouts, have
found their way into circulation. The Committee of the
Stock Exchange have the matter under their consideration,
and probably may be able to find a remedy against a repetition
of so scandalous a fraud. We cannot, however, agree with re-
marks made in some quarters, that the public sales of scrip
and shares, which now so frequently occur, facilitate the cir-
culation of spurious representatives of value. The share-
brokers of the Stock Exchange are naturally jealous of this
great innovation upon what they think their vested rights,
and hence a desire is entertained to throw obloquy upon the
open sales of scrip and shares.
There are no late arrivals from the British colonies to-day.
Consols for the Account have ruled from 96% to % this
morning. Exchequer-bills are extremely firm at 245. to
275. Bank Stock has advanced from 2043 A to 205%; and
the 1 hree-and-a-Quarter per Cents. have been sold at
97% The Three per Cents. Reduced have been at
954 %. Money in the City, to-day, is worth three and a
half per cent.
In the Foreign market not much business has been done
this morning. The principal quotations have been—Mexican
at 31%; in the Old Portuguese, at 82; in Russian, at 110%;
in Spanish, at 24%; in the Three per Cents., at 36% 7; and
in the Dutch Four per Cents., at from 9134 to 92%.
The Railway Share-market is heavy to-day, but still a
considerable amount of business has been transacted.

ONE
O'CLOCK.
Bank Stock .. 204% 20514
Three per Cent. Reduced Annuities 95%14
Three per Cent. Consols Annuities 96%
New Three-and-a-Quarter per Cent. Anns. 97.4%
Long Annuities, Expire Jan. 5, 1860 .. 1014
Ditto, 30 years, Oct. 10, 1849
South Sea Stock ..
Ditto, Old Annuities
Consols for Account
Exchequer Bills.
1,0001...
5001. .
Ditto. Small

BRITISH FUNDS.

CLOSING
PRICES.
205%
95%
96%
97%
10%

.. 93%
ilid.• •• •• ••
I%cl.
24 27 prn.
24 27 pm.
24 27 pm.
ONE
O'CLOCK.

CLOSING
PRICES.

FOREIGN FUNDS.
Brazilian Bonds, 5 per Cent .. ..
Mexican Bonds, 1837, 5 per Cent .. 31%
Ditto, for the Account ..
Ditto, Deferred ..
Peruvian Bonds, 6 per Cent. ..
Ditto, for the Account .. 39
Portuguese Bonds, 5 per Cat 82
Ditto, 4 per Cent .. • • • . • • 57
Russian Bends 110%
Spanish Bonds, 5 per Cent .. 24%
Ditto, Passive Bonds .. 5%
Ditts, Three per Cent .. 36%
Ditto, for the Account .. .. 37 v.
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cent .. 59% 59%
Ditto, 4 per Cent. Certificates .. 91% 92% 91% % 91%
PRICES OF BUSINESS CLOSING
RAILWAY SHARES. PAID. DONE AT PRICES.
Aberdeen ..
ONE O'CLOCK.
.. 10
Amber., Notting., Boston, and
Eastern Junction .. 2% • • 1%
Birmingham and Gloucester.. .. 100 ....125 .. 125
Birmingham and Oxford Junction 2 .... 3 2% 2%
Boston, Stamford, & Birmingham. 225..... dis... dis.
Buckinghamshire .. 425. .... 1% %p• • • • 156 t P
Caledonian .. 10 .... .......... 12%
Ditto, Half

110%
24%
36%

2.-
1%
22%
5%
3%
2
23%
P

. Shares .. .... 2
Ditto, Extension
.... 1%.% • ....
Chester and Holyhead .. 22% .... 22% .• • ..
••••
Cork and Waterford
.. % %% . •
Derby and Crewe
.. 2% .... 6% ••• • .:
Direct Manchester (Rastrick's) .... .. • .
Direct Northern .. .. 2% .... 234 2
Dublin and Belfast Junction .. 10 .... •• • • •• • •
Eastern Counties 141. 165...., 23% %
Ditto New .. .. 8/. it 5..... 7% %• • -
Do. Perpet., 5 per Cent. No. 1. 6/. 13s. 4d.
Ditto, ditto, .. .. No. 2. 61. 13s. 4d. 3l p
Ditto, York Extension .. 105..... 1%
Eastern Union .. .. • • • • 25 •• • • ••••• • • • • •
Do. Ipswich & Bury St.Edmunds 6% ....
East Lincolnshire 1%.... 1% • •
Edinburgh and Glasgow 50 .... 7534 75 •• ..
Ditto 34 Shares .. 10 .... ..........
Ely and Huntingdon ....
Great Southern & West. (Ireland) 20 .... 24% 24
Great North of England . ..100
Ditto, New . 114 .• .. 14 •• 14
Great Western .. .. 85 ....153 155 •• 155
Ditto, Quarter Shares .. 5 .... 173¢ • ..... 18
Ditto, Fifths .. .. 20 .... 3534 .......... 351,4
Hull and Selby ........50 ....103% 104...... 104
Ditto, Half ,hares .. • • .. 7 •• .... 27
Lancaster and Carlisle .. 40 .... 59
Ditto New .. 5 .......•• 10
Leeds and Carlisle .. 2%.... 1%.......... 174
Leicester and Bedford 225. .......... %
Leicester, Tamworth, &c. ...... 425. .... 1 di5......... 1 die
Liverp., Manch., & Newc. Junct. 2% % ........ 234
London an 1 Birmingham . —lOO .... 229 227 ...... • • 227
Ditto Thirds .. 24 .... 6334 .......... 63%
Ditto Quarters .. .. 2 .... 29 .......... 29
Ditto Fifths 2 .... 25
London and Brighton .. 50 .... 6514 U 6534
London and Greenwich .. 121. 15s. 4d. 9 .. 9
London, Hounslow, & Western .. 2 .... .
London and South-Western .. 41/. Gs. 10d. 78 80 ..... •
Ditto, New Consol. Eighths .. 34 .... 52%
Ditto, New . 12% ..........
Ditto, New .. 10 .... 19 . • ........
London and York .. .. • . • • 2% •• • • 234% •••• •• • •
Lynn and Ely .. .. 10 .... 8
Manchester and Leeds ..
Ditto, Quarters .. .. • •
Ditto, Sixteenths .. 614 .. • • 9U ..... • ....
Ditto Extension 425. .... p
Manchester and Birmingham .. 40 . • •.
Ditto, Quarter Shares (C) 1 •• •• 9 •• .• •• •• •• 9
Manchester, Buxton, & Matlock 425. I%U %%p• • 15, p
Manchester and Southampton .. 2 .... 2% 214
Midlatul ..100 ....155 153 154% .. 15434
Ditto, New .. . • .. 18 .... 32% 33 32% 32',4
Newcastle and Darlington Janet. 95 .... 45% ••..•• • • .. 45
Ditto, New . . • • • 10
Ditto, New, Brandiing , .. 25 .... 44 .... 44
Newcastle and Berwick .. .. 10 .... 201,4 34 ••.•.• • • 2034
Norfolk .. • • .. .. • • .. 20 .... • ........ 26%
North British.. 22%...• 29% .... ••• • • • 29%
Ditto, Half Shares .... 11% ..... 1134
Ditto, Carlisle Extension 1% ........
North Kent and Direct Dover • • 2% ...• 1%
North Staffordshire .. • • 425..... 4%% p• • 4% p
Oxfd.,Worcester, & Wolverhmptu. 12% .... 9% 8% • 9
Perth and Inverness . • .. .... 1%
Preston and Wyre .. • • • . 25
Richmond . • • • • • • • •• 10 .... 1634 IA
Ituglsy and Huntingdon • • • . 2 .... 1%
Scottish Central .. . 16 15% ......

Ditte New • .. • • • • " 2 •• • • 7 •-•
• • • • • • • . 714
Shrewsbury and Birmingham .. 2%.... ... 3%
South Midland .. 42a..... 21% p • ..... 1% p
South Eastern and Dovor 33%.... 40% 40%
Ditto. Now (lee. at 321.) No. 1. 16 ... 20 •• • • 20
Do., New (d 0.331. 68.8 d.) No. 2. 10 .... 13% • ..... 13%
De., New (do. 151.) .. No. 4. 2%..,. ~ 3%
Welsh Midland .. 2% .... 1
West Riding Union .. • • .. 428. .. 2% p 23,4 1,
Wilts, Somerset, and Weymouth 5 .. • • 3% •• • • 3%
York and Carlisle .. .... 1% .
York wad North Midland .. .. 50 ....102 102
Ditto, Half Shares .. .. 25 so
Ditto. Extension .. • . .. 15 ....
Do. E. and W. Riding Eaten... 1 ...• 114 11 ... • • 11'
FOREIGN RAILWAYS.
Boulogne and Amiens .. .. 12
Central of Spain .. .. 2 .... 1%
Dutch Rhenish •. • .. 5 .... 6%
East Indian .. • • • .. ss.
.„
Great Indian Peninsular .. ss. .... 4.„
Italian and Austrian .. . • • 3 .... 1 •. .... . . . --
Jamaica South Midland Junction 1 ....
Namur and Liege .. • . 6 .... 44
Paris and Lyons Constituted .. 5 .... % ........
MINES.
Brazilian Imperial (issued at 5/. p.) 2 I .
Ditto 3lacaubas and Cocaes.... 25 ........ ,
Real del Monte, Unregistered .. —3% .

LLOYD'SSHIPPING.-(THIS DAY.

LONDON, MAY B.—Wind W.S.W., light airs and one.
DEAL, MAT 6.—Arrd. Philip Van Marin, Van Duyn, Java,
sld. for Amsterdam ; Bernhard Hertog van Saxe Weimar, Hazeurnkle,
Java, and for Rotterdam. 7th, Jane Geary, Beane, Austra-
lia ; Augustus, Carr, Adelaide; Elizabeth Buckharn, Bewley, Hobart
Town.
Ors DIINGENEII9.—Arrd. 26tk ult., Maria Johanna, Tullock, Batavia ;
Marlborough, Russell, Jamaica ; Eleonore Henrietta, Wenker, (for
Bremen), Porto Rico ; Pannier), Nyberg, Bahia, for Stockholm.
P• 11 TEM OUTII, MAY 7..—Wind W.—Arid. Barretto, Bermuda.

MARKET NEWS.-(THIS DAY.)

CORN-EXCHANGE-FRIDAY.

The arrivals of English Wheat during the present week, coastwise
as well as by land carriage and sample, hare been on the increase,
and of somewhat improved quality. The quantity on offer to-day
being large, the demand was very dull, at a decline on the quotations
obtained on Monday of 2s per quarter. In Foreign Wheat, free as
well as in bond, so little was doing, that the prices were
almost nominal. The imports this week have amounted to
8,660 quarters. The show of Barley was small, yet the
sale far that article was heavy, at barely stationary prices.
For Malt, the inquiry was confined to retail parcels, yet prices
were maintained, especially those of the finest qualities. The
arrivals of Oats being on the increase, the Oat trade was very
inactive, and the superior kinds might have been purchased on some-
what miler terms. Beans, Peas, and Flour as last quoted.

English • • • • • •
Irish •••• • • ••
Foreign .• • • • •

6,660