The Sun.
London, England, 1848-04-14 00:00:00

APRIL 14 1848.
• 7

numbers of the signatures to the petition, every person
who had signed should enroll himself as a member of the
" Working Man's National Guard," and that would be
the most convincing argument which they could adopt
for the Government. Until he knew what was the real
.trength of their party, he certainly would not risk his
.)%Nii life nor the lives of the people. When he found
their numbers to be sufficiently strong, he would go
with the p. ople at any and all risks to himself.
Mr. ADAMi said that he believed that the petition
eou:d have been signed by double the number which
were attached to it.
adopting
Mr. Sita,w said that he did not see any uco .n any further measures on the subject. He did not believe
that any concession could be obtained from the present
rotten and corrupt Government. Ile advised the poo-
leto prepare themselves to shake off the yoke by other
means, or prepare to be eternal slaves.
Mr. C. CLlttitu, was not in favour of any more
Petitioning. His motto was " Onwards, onwards, from
conquering to conquer." Nothing should deter him,
and he knew that the men of Bristol would rise to a man
Mr. CuFFAY—Dpho
jrn:tiebaenyrash.
and back him.
ma
eolsAal
AaNwtSsitui:Tetboobs
.suggested
aoy
obtain
bhbteea immediate mt
ahneedd iate formation of a
National Guard, to obtain by physical force their right.
prepared.sth
Mr. CUYFAY—Ah! I see how it is, you will all soon
be as bad as Cuffay.
Mr. LINNEY said that he Cshliallrtewr a s byo moral
Pr
ai
had himself written hun-
dreds of names to the petition, but his reason for doing
so was, because there were hundreds who could not sign
their own names.
Mr. DostovAN aid that Lord John Russell had so far
demeaned himself as to allude to the proceedings at this
Convention. They were bow thus placed upon equal
terms—this House noticed the proceedings of that other
House, and if the Noble Lord found fault with their not
fighting with him when he was prepared, perhaps he
would yet have the opportunity, when he was not so
tully prepared as he was upon the last occasion.
An amendment was proposed to the effect that if Lord
J. Russell would grant the Charter, if he were satisfied
that the number of signatures were geauine, this Con-
genuine.
J. HARNEY proposed that the question be not vention would undertake to prove that they were
Mr.
en-
tertained at all.

This amendment was agreed to by a large majority.
The Convention then adjourned at Eleveu o'clock.

MEETING of REFORM MEMBERS.

-
A meeting of Members of the House of Commons
was held yesterday, at 14, St. James's-square, at which
it wa3 unanimously resolved—" That it appeare to this
meeting that a more cordial understanding and co-ope
ration are urgently required among such members as are
favourable to the extension of the suffrage, an equitable
arrangement of taxation, a reduction of expenditure,
and the general advance of Reform principles through-
out Great Britain and Ireland; that Joseph Hume, 11,P.,
be chairman; that Richard Cobden, M.P., be deputy-
chairman; that Sir Joshua Walmsley, M.P., be hono-
rary secretary; and that the committee have power to
add to their numbers."

The requisition calling the meeting was signed by the
following Members of Parliament :—Joseph Hume,
R. Cobden, R. Osborne, Sir William Molesworth, Lord
Dudley Coutts Stuart, Henry Salwey, William Jackson,'
John Williams, G. F. Muntx, William Fagan, George
Thompson, J. Pattison, William Ewart. W. J. Fox,
Thomas Wakley, Right Hon. C. T. D'Eyncourt, Richard
Gardner, James Clay, Francis Mowatt, B. Wilcox, G. P.
Scrope, James Kershaw, John Bright, James Wyld, M.
Sullivan, J. P. Thompson, Lord Nagenc, Sharman
Crawford, John Reynolds, William Scholefield, Reel-
nald Blewitt, M. Power, John Greene, J. B. Smith,
James Pilkington, Timothy O'Brien, Captain Pechell,
Alexander Raphael, John F. Wawn, W. P. Wo,,d,
Percy Nugent, J. P. Locke King, E. P. Bouverie,
Thomas Meagher, Sir Joshua Waltnsley, John T. De-
vereux, John Macregor, Charles Hindley, and Charles
Cowan.

MONEY and COMMERCIAL ivzws•
CITY, QUARTER TO TtieREE.
The sales of Cotton at Liverpool yesterday were
4,000 bales, 3,500 of which were American, at 40. to
Sid per lb. Railway Shares were firm, and a fair busi
ness was done, but there was no actual improvement in

prices.
The further decline in the French Funds has cause
renewed apprehension of unfavourable events in the pro-
vinces, which seem to be dissatisfied with the Provisional
Government or with., their commissaries. Even the
national workshop chimera does not go down as well as
was expected, the requisite amount of cash for paying
exorbitant wages not being forthcoming, and the plan
for appropriating the railways seems to be scouted by
the companies interested.
From Belgium there appears to be nothing of interest.
Trade in that country still continues very depressed.
The Corn Market is very flat this morning, and there
is but little business doing.
Attention is sought to be directed to the position of
the port of Cochin, on the coast of Malabar, once so
flourishing under the dominion of the Dutch, but reduced
to a mere military station since it came into the posses-
sion of the Hon. East India Company. Since the
trading monopoly of the latter no longer exists, the jea-
lousy which has interfered with the prosperity of Cochin
must have also passed away ; and the arguments adduced
in a memorial from the British merchants of Cochin,
in favour of an assimilation of the duties on
the produce of the native states of Travancore and
Cochin, with those levied on articles the growth and
manufacture of Mysore, are important and well deserv-
ing of notice at head-quarters. Perhaps, however, the
most important point is in connexion with the cotton
question, and upon this we take some of the remarks of
Mr. F. C. Brown, of Tellicherry, whose father was the
first and oldest English proprietor of land in South India.
This gentleman states that—
" The only thing that now remains to be done, in
order that the export of excellent cotton to England
may begin immediately, and increase indefinitely from
a new and convenient port in India, is, that the Company
should suffer cotton to be grown throughout their ad-
jacent populous, industrious, and fertile territories,
on the same footing of freedom from tax and duty; as
This freedom,
is grown in the United States of Atherica.
freedom, and this alone, can now arrest the
annihilation of the cotton trade of India. It has
' long been evident to all men who are acquainted with
the subject, and are capable of tracing the affects they
see to the true cause, that it is the possession, unmolested
,by any Govcru
interference, of the, freedom of
growth and of trade in this article, which, in despite of
the great cost and ihas enabled the Unitedn
c
Str
e
a
s
i
n
g
scantiness of slave labour,
to augment their producttiotens firnomthea sfpe
wacepoonfosdixetywye-iegahrst
in 1786, to 760 million pounds in 1846 (two millions of
bales of 3801bs. each), and to supplant the cotton of
India in all the markets of the world by a superior, and
consequently, a really cheaper article. The Americans
have been strenuously and mosat effectually seconded in
the gigantic efforts they have be,.n makingc throughout
the period, to cause the. supply toeei:he pace with the
energy,
iergy, the
mer-
-1
demand created chiefly by the capital,
skill, the invention, and the ingenuity of B
chants, manufacturers and operatives, and by the reve-
nue system of the East India Company,
which renders
it impossible that the native grower in India should be
able to compete with the American on anything like a
footing of equality, and produce cotton as cheaply, as
abundantly, and as good as he can."
The Account in Consols has been settled in a manner
which, considering the great fluctuation that has oc-
curred, is highly satisfactory. There have been private
arrangements and compromises, but so few in pr portion
to the immense business done, and the fluctuation of 10
per cent. in the quotations, that they deserve but
a passing remark. A great deal of stock has
been loaned to the brokers, and this has enabled the
Bears to fulfil their contracts. Coniols have been 82k,
and since down to 821 4. The New Three-and-a
Quarter per Cents, have been 824 to 811. Bank Stock
is worth 1844 to 187 ; and India Stock 228. Exche-
quer-bills have realised 38s. to 41s. premium. The
intelligence of the Danish victory has not had much
effect here.
In the Foreign Funds'there has been more business.
Spanish Five per Cent. Stock has been quoted 104, and
the Three per Cents. 19 to 194. Brazilian Bonds have
been 574 to 59. Mexican Stock is worth 144. Dutch
Two-and-a-Half per Cents. have been 37 to 374.
In Railway Shares the transactions have been at
about previous quotations, and in some cases at an
advance.

ONE ' CLOSING
ritlC•:s OF BEITISII FUNDS. O'cLOCE. PRICES
Bank Stock lB7 184% 187 187
3 per Cent. Reduced Anna ..... Bl %% 80% 80%
3 per Cent. Consols Annuities...- 82%14 % 82A
New 314 per Cent. Anne S2IA I A % 8134 81%
L.ong Anna. to expire J an. 1860 8 5-16 14 8 5-16
Ditto, Oct. 10, 1859 ..... 8 1-16 % 8%
Ditto 30 years, Jan. 5, 1860 8 9-16
India Stock 228 230
Consols for. Account ..... ...... 82%14 % 82%
Exchequer Bills. 3d.

1,060/.

41p

! oars
RICE); OF FOREIGN FUNDS. CYCLOCII. CLOSDiu
PRICES.
Brazilian Bonds
Ditto, Iniall - 55 57% 59 59
Buenos Ayres Bonds, 6 Der Cent. 20 20
(Milian Bonds 6 per Cent...-. . . ... 80 83
Equador Bonds - 2
Grenada Bonds, 1 per Cent. - 123,4
M exican, 5 per Cent. 1846 14% 1414
Peruvian Boiids, 6 per Cents 2B . 271
Portuguese 5 per Cents. - -
Ditto, 4 per Cent - 1414
Spanish 5 per Cent. 1840.
Ditto 3 Der Cent 19% 19 11114 191,4
Dividends on the above payble in London.
Dutch 2% per Cent., 12 Guild 3734 37 37
Ditto. 4 per Cent. Certificates 53 54 54
PRICES OF BUSINESS DONE CLOSING
RAILWAY SHARES. PAID. AT ONE O'CLOCK. PRICES.
Aberdeen
...... -
Amber., Nott., Boston, ... .4....
and Eastern Junction 314 ..... - -
Ayrshire and Galloway,. 234 - -
Belfast & County Down 13 - -
Birmingham and Ox.
ford Junction .... ... 20 - •••••• 2O
Birmingham, Wolver-
hampton, and Dudley 10 ..... - •••• ....... •••• -
Birmin.,Wolverh'pton,
and Stour Valley 101. 145... -
Birkenhead, Lancashire,
and Cheshire Jury.— 734 - - • ••-•••••
Boston, Stamfd & Birm. 5 -
Bristol and Exeter B5 -
Ditto. I'hird6i ... ..... 20 - ..•.••.........
Buckinglia mshire... 121. 4s.
Caledonian ..
Ditto, Half Shares .. 6% -
Ditto,Clydesdale June 50 -
Chester and Holyhead..: 371,E -
Ditto, Preference l5 ... ... - •
Clarence
-
Do. Ist Class, 6 per Ct. 10 -
Do. 2d Class, 5 per CL 10 -
Do. Government Loan,
4 per Cent. - ••••
Direct London & Ports-
mouth - ............
Dublin and Belfast Junc 25 -
Dundalk & Enniskillen 1734 -
East Anglia, 254 L. &
E. and L. and D... - 25
..
Do., 181., E. Sc H.... 18 ..... -
Do., 31. 10s. ...... - 34 .... - ..••••
Eastern Coumties... ..... 20
Ditto,Extension,s per
Cent., No. 1.....6/. 138.4 d % dis. par ...... par
Ditto ditto, No. 2-61. 13s. 4d.., lit dis. % dis
Do., North. & Eastern 50
Do., Quarters ........ 12% - ....
.....
...
-••-
Do., New 23 ...... -
.... -
Eastern Union ... 50 . -.. ..... ...
Ditto, Quarter Shares 121,4
Ditto, Thirds..." ...183.4d• . - -
-
1)o. (guar.6 percent.) 10
...... 6 . .... ••
Ditto, ditto -
15 Ditto, New - ..•
._ -
Ditto, New Quarters 6%.,.... -
- -
East Lincolnshire ...... 16%
•- -
Edinburgh and Glasgow 50 .....
- -
-
Ditto, Half Shares
... 15 ....... ...
- - ..
•••
Ditto, Quarter Shares 121
/2 Edinburgh and Northern 25
•••• - .
-
Ditto, New- •••0.1 ....33i - ••. .. • • '''".
Ditto, Newport +....
-12
-
Ditto, ditto, New 214 _
• •••• -
Exeterjeovil, k Dora]. 2Ai - ' ' -
Ditto, New ........... 2% - -
Glasgow, Dumfries, and • -
Carlisle - ..81. 65. 8d.... - ....• ...... ... -
Glasgow,Kilmar , & Ayr 50 ..... . - .••• -
Ditto, New ... ..... .... 40 ...... -,-
Do. Preference Consol. 15
Great Northern
Do., London and York 2% --1,A.5?.
•••••••••••••• ..... ----
Brent South. and West. .-•
(Ireland) - ............... --
Great North of England 100 ....- - •••••• •• ..
..
..
...
......
Ditto, New, 401 5
Ditto, New, 301 3O
Ditto, New, 15/
Great Western '
.. .28-1i%!:::.::§..............::::: 421/11
Ditto, 1,4 Shares SO .... .
.....4V
~..:
....
....
Ditto, 14 Shares
.. . .„,
......... .
.....
Ditto, Fifths - 20.- .... ici%;22
...............
,
HuDdidtteor,sfiNeehiwa'
n17d1161-s.n.ch
29634... ••
__
.........
......
_
-
H uppl I:
ttattono,4HTShaeill
Half Shares
h a ..r.:
s; ;
212:1
::::
...._
.....
Ditto, 14 Shares Edw. • 1.11 ...... - •
....
Ipswich & Bury
St.
1/ .••••• - •••••
Do., do., and Norw
Do., do., Extens.Scnp
(late Camb. & Ely) 21,E - ......... -.. .
Lancaster and Carlisle... 50 - ....• .........
Ditto, Thirds - ...............
Lancashire & Yorkshire 93 - ......... ;
.....
Ditto, ditto
Ditto, % Shares
...
.. 36„ .....»
Do. Quarter Shares- 14% . ............... _22 •-••
Do. Fifths... 9 ...... 71 ••• •......»..
•••
Do. Sixteenths 614 n -• ........
...... -
Do. Thirds (Reg.)...101,43.....•
.
Do. Liverp. and Bury 43
. .. ......
.....•
.
.... 7 1 4 -dis.
Ditto 1,4 (lateHud- - •••
. _

4 die
25

deretield'and Sheff.) 33
...
Do.(Walefield,Ponte .. .-

fiact, and Goole)_ ... 50 ......
Do. (W. Riding Unistt)4l. 21... ... ... , . ......

-
13%

19%
71.,4

68
36%

7%