The Sun.
London, England, 1846-01-01 00:00:00

fib rain --b- Ant

LONDON, THURSDAY, JANUARY 1, 1846.

Lord ELLENBOROUGII, though the fact has not
been officially announced, is, according to the new
Cabinet arrangements, to be appointed First Lord
of the Admiralty, in the place of Lord HADDINGTON,
who has filled the office for the last four years. We
have no fault to find with the Scotch Lord, farther
than that his health did not fit him for the laborious
and responsible situation, and that in a case of
emergency he might be found, when too late, un-
equal to the task. No personal considerations in a

case of this kind should be allowed to have the
smallest weight, and though the Noble Lord, when
a Member of the House of Commons, and during
his whole career since, has invariably adhered
to what is called the PEEL party, it became
the imperative duty of the Minister to forget his own
feelings when they might interfere with the vital in-
terests of the country. Sir ROBERT PEEL, to his '
credit, has acted on this principle, and has substituted
for this consistent, though never very efficient states-
man, a nobleman both younger and disposed to act
with more vigour in any department. Notwithstand-
ing the sulky objections of the East India Board to
Lord ELLENBOROUGH, and his imperative and mys-
terious recal from India by that powerful body, the
public in general entertain but one opinion of Lord
ELLENBOROUGH'S administration in the East. It was
distinguished by great energy, by a laudable at-
tachment to the army, and a regard for
their rights, privileges, and comfort. He found
affairs in a desperate condition ; Sinde almost
at open war with the Indian Company, the troops
in Affghanistan still in great jeopardy, and several of
the tributary states making preparations for open
rebellion. What was the result ? The dispersed
troops of the Affghan expedition marched triumph-
antly to Caubul, avenged the fate of their comrades,
and returned in triumph, after marches and battles
unexampled for difficulty and danger. Sinde was
subdued, and finally annexed to oui Indian empire,
and the whole of our vast possessions so completely
restored to security and peace, that Sir Hinsar
HARDINGE found nothing to do till the unsettled
state of the Punjaub began to threaten disturbances
on our frontier. The result of Lord ELLENBOROUGII'S
mi,sion was highly honourable to his abilities,
his energy, and skill, and we therefore confidently
trust that in his new department he will show the
same spirit, and adopt similar measures for restoring
the English navy, furnishing seamen able and willing
to fight in defence of their country, attaching them,
by good pay, kind treatment, and suitable pensions,
to their native land, and thereby correct the fatal
errors committed by so many of his predecessors.
Though we are probably on the brink of war with the
United States, and the causes have been foreseen for
years, the smallest possible preparations have been made
for manning the navy, and rendering it fit to contend
with hostile fleets. The greater part of the American
navy is manned by the best English sailors, and at
this we cannot wonder, though we must deplore the
fact, for they are better paid, better treated, and in
every respect have advantages which must counter-
balance their patriotism, great as it is, and lead them,
much against their will, to fight in the fleets of
enemies, and thereby lend their aid for the purpose
of defeating their own countrymen. Such a
ruinous system cannot be allowed to exist for an-
other session without manifest and imminent danger;
and we, therefore, trust that Lord ELLENDOROUGII
will take no the subject in a national spirit, and rouse
his colleagues to measures absolutely necessary for
the public safety. A pamphlet on " Manning the
Navy" has just been published by Lieutenant
HOLLAND, R N., which throws much light on the
subject, and suggests many valuable improvements.
Can anything be more absurd or more ruinous than
the system briefly described by him in these words?—
" At the present moment we are educating about 7,000
individuals (ordinary seamen, landsmen, and boys),
most of whom, after some six years service, are,
by the exertions of their officers, rendered first-
rate seamen. These men are, however, nearly
certain to be lost to the British service, because
whilst in the merchant service they can earn with ease
2/. ss. per month, whereas the royal navy will only
afford them 1/. Bs., even if they are advanced to the
rating of an ordinary seaman. If left on the books as
a first class, his pay will not exceed 15s. 6d." Can
any man wonder when he learns that all these first-
class men either go into the merchant service, or self
themselves to America? Lieutenant HOLLAND says
such a system would appear to resolve itself into the
following heads :
" Firstly.—What are the inducements to be held out
to seamen to enter and to remain in her Majesty's ser-
vice ?

" Secondly.—What is the smallest naval force which
should be permanently maintained for the general ser-
vice of the country, and for the especial protection of our
extensive line of sea coast ?
"Thirdly.—What are the probable numbers which
would be immediately required in the event of war ?
What the means of obtaining them, without having re-
course to the objectionable measures formerly adopted,
and with the least possible injury to commercial in-
terests ?

" Fourthly—What would be the probable expense of
the proposed measures, as well on their immediate adop
lion, as on their continuance ?

In regard to the first query, he suggests that the
able seamen of the navy should be divided into four
classes. The first, on entry, and for three years, to
have 22/. 4s. per annum ; the second, after three years,
24/. ; the third, after six years, 25/. 45.; and the
highest class, after five years' service, 26/. Bs.
Thi3 we consider not to be sufficient ; hut,
in the meantime, pass over that point,
With regard to the second query, he says, " that in
the event of a war 30,000 men would be required to
be added to the home station. During the last war,
from 1798 to 1815, inclusive, the average num-
ber of ;amen and marines annually voted ex-
ceeded 123,000; of these 41,000 may he pre-
sumed to have been employed on the home station."
Ile, therefore, recommends a comprehensive plan
of registration, including all seamen, boatmen, fisher.
men, the numbers of whom, according to the
last census,
exceed 300000 ; SO that to make up the
compliment of a0,000,,0n1y
one in ten would be re-
quired. With such arrangements, he considers that
in a very few days 30,000 able
seamen could be
raised, and at an expense not exceeding 290,0001.
But the expense, in fact, is nothing compared
interests at stake, and the country would grurlge , no
nGovernment
expeso in such a cause. The
are
to blame, and we therefore trust that the new only
First
Lord of the Admiralty will take up the question
with
his usual spirit, and thereby save ua from a miserable
system of truckling, and from humiliation and defeat.

The last few days have shown a decided—and the
more satisfactory, because, though decided, not vio-
lent—tendency to reaction from the railway-panic
There it a time for everything—a time for looking
backward, ands time for looking forward—a time
when fears will prevail, and a time when hope will
resume its sway; and it was inevitanie tl;t the ap-
proach of the 30th of November should bring specu,
lation to a standstill, and make every one think of
standing Orders, and see nothing but difficulti6A where,
when 016 day was distant, no difficulties were dreamt
off. A panic was sue f,.ome. Let no panic-mongers
R4ttertheir own vanity by supposing they made
thel4A-tiL, tbough their ill-applied industry may have
aggravate,l its 1np1:1,45 effects. And now the 30th
Xoyember is a ni:,7lth vbl, nn the 31st
6f Veeinber, when railway projects will have passes
their second great ordeal, or be for this year fallen.
The meeting of Parliament is apprniictiog, p,pd the
railway publia will begin to turn their heads forward;
and already there are signs of life and hope.
We hare never given into the iii ,r 4 pf indiscrimi-
nate abuse of railway speculation. " There may be
a superstition," <sys Lord bAorT, " in avoiding su-
perstition ;" an:: ]l7 is not necessarily h9oeoy which
will draw no lit,' !)vtiveen railway speculation and

railway gambling. 'We have not failed to lament
the excesses or reprove the abuses of the late railway
excitement. But, without speculation, how would
our existing railways have been constructed? The
fact is of speculation as of agitation, that within
due bounds it is a wholesome, if not necessary, stimu-
lant to the body social; and the evils lie entirely in
the abuse. And even when speculation breaks
through the thin partition that bounds it from
gambling, while we admit that all efforts
should be made to bring it back within
its proper bounds, we should be disposed
to look leniently on errors and excesses belonging
to a movement so full of promise to the material,
aye, and moral, prosperity of our country as that
which now holds out to every ♦illage and every cor-
ner the prospect of railway communication with the
great centres of industry, and commerce, and civi-
lisation.

Parliament has always hitherto treated railway
enterprise as a matter of speculation; and it will be
too late, therefore, for Parliament, even if it were
disposed to hearken to the recommendations of purists
on these matters, to turn round upon railway specu-
lators as deserving of indiscriminate censure.
Here are one or two striking instances of the
spirit in which railway companies have been treated,
from the transactions of only last session. Lord
RSDESDALE is giving evidence before a Committee of
the House, and is asked—" Supposing the case of
the promoters of a railway scheme, who have gone
to an immense expense, and have lost no time in promot-
ing their object, and they are defeated by the mere
efflux of time, and by the peculiar circumstances of
the present session, do not you think that that con-
stitutes a case of hardship so great, that the Legisla-
ture ought to do something to relieve the parties from
it?" Now hear his Lordship's answer:—" I have no
great feeling for them, speaking for myself." That
is, they are a set of speculators, and they must rough
it as Lest they can. A Committee sat last year in
the House of Lords on the subject of compensation
by railway companies to landowners. The Duke of
of RICHMOND, chairman. Here is an extract from
their report :
" The Committee are of opinion that many cases occur
in which it is necessary to consider the land, &c., not merely
as a source of income, but as the subject of expensive em-
bellishment, and subservient to the enjoyment and recrea-
tion of the proprietor.
" Public advantage may require all thee private consider-
ations to be sacrificed, but as it is the only ground upon which
a man can justly be deprived of his property and enjoyments,
so, in the case of railways, though the public may be considered
ultimately the gainers, the immediate motive to their construction
is the interest of the speculators, who have no right to complain
of being obliged to purchase, at a somewhat high rate, the means
of carrying on their speculation."

To be sure this is landowner logic, and not very
sound political economy ; but we must not be too nice
with a Committee of Peeis, with the Duke of RICH-
MOND at their head. A rigid political economist might
expect some consideration to have been given to the
saving of capital—might suggest that the sum which
is to go to increase the country squire's unproductive
expenditure might more profitably remain with the
speculator, to be by him applied to other speculations
from which the country would derive an increase of
wealth. But, as we said before, se must not be too
nice with a packed committee of noble landowners ;
and, after all, we had rather that the funds of railway
companies went to pay excessive compensation than
in inordinate bills—such as some of the dissolving
bubble companies have lately exhibited—of jobbing
solicitors and projectors.

In the report of yesterday's proceedings of the Lan-
cashire and Eastern Counties Company, which
was projected in the autumn, and is now to be
dissolved, the solicitors' bills are stated at
3,731!., besides 2,356/. to local agents. Up-
wards of 6,0001. to solicitors in less than
six months ! It should be known that the Attorneys
and Solicitors' Act of 1843 (6 and 7 Vict. c. 73),
gives a power of taxing a solicitor's bill, in cases where
no business has been done in any court of law or
equity, by application to the Lord Chancellor or
Master of the Rolls. We recommend the subscribers
to the dissolving railway companies in slimes where
the solicitors' bills show such unreasonable amounts,
to insist on taxation.

The proceedings on Tuesday evening at the anniver•
sary festival of the National Mercantile Life Assurance
Society reflect the highest honour on the general
body of the commercial travellers of the United
Kingdom. Energetic, shrewd, active, and honour-
able they have ever been; humanity and benevolence,
too, have ever characterised the commercial travellers
of the United Kingdom. To these we may now add
foresight and prudence. We rejoice that this impor-
tant and influential body of men have taken
up the subject of life insurance, and that
they are now become as alive to the
permanent interests of themselves and their
families as they have ever been to those of their em•
ployers. The Society is, it would appear, in a most
prosperous condition ; indeed, we know not how it
coukl well be otherwise, seeing that it is supported
by, perhaps, the most influential body of men in the
kingdom, the individual members of which come into
daily and hourly contact with every merchant and
trader in every part of the empire. Another very
pleasing feature of the proceedings of last evening
was the announcement, by Mr. CUFFLEY, that a school
for the education of the orphan children of commer-
cial travellers had been founded. Four gentlemen
bad originally subscribed ten guineas each towards
this excellent charity as a beginning. The school
was to be established as soon as 100 subscribers at
ten guineas each should be obtained. Undaunted by
the sneers of the faint-hearted, who treated the
scheme as chimerical, Mr. CUFFLEY set to work,

like an enterprising and energetic man of business,
as he is, and obtained not one hundred, but two
hundred and fifty subscribers to the school Well,
might he exclaim with honest pride, " that such was
the power of the commercial travellers, that if they
embarked in any enterprise with energy and zeal it
was impossible for them not to succeed." As long as
they display their energy and zeal in the furtherance
of such enterprises of charity and benevolence they
will enjoy not only the triumphs of success, but the
heartfelt satisfaction of feeling that their success has
been well deserved, and that every right-thinking
man rejoices at it with them.

We have received Madrid papers of the 23d, but
they bring no news, if we except a statement in the
Gazette, giving an account of the capture of forty-
eight smugglers and a considerable quantity of fo-
reign merchandise in the first week of December.
The Three per Cents. closed on the 22d at 361 at
CO days, and on the 23d, at 36i for cash, and 36
11-16 at 60 days ; and the Five per Cents., at 2.11 at
60 days, with
.1 premium.

The accounts from Paris of the state of the funds,
and the prices of railway shares, continue highly
favourable. During the last week all kinds of secu-
rities advanced, and railway shares in particular had
shown a marked improvement. Paris and Orleans
had risen in the course of a few days about GBf.,
Avignon and Marseilles 57f., Rouen and llavre 45f.,
Northern 40f., Boulogne 32f., and many others in
like proportion. The Three and Five per Cents.,
had advanced a franc and a half each. This buoyant
state of the money and share-market is attributed to
the prosperous condition of the country, the royal
Speech, the adjudication of i:nportant lines of rail-
way, and the rise in the English funds,
011 Monday the Chauiber of Deputies met
to elect the Presidents, Vice-Presidents, and Secre-
taries, Two candidates were proposed fur the Pre-
sidency—M. 8413zET, the President of last session,
and M. DUFAURE, supported by the Opposition; and
the former, as anticipated, Was elected by a con-
siderable majority. The number of Members present
was reckoned at about 4'qq__,
a very full House. At half
F,azt three the ballot for. Preside, eomMeneed, and at
five the following result was declared:—
For M. S tnzet
213
M. Dufaure
M. Dupin
M. tkiiton Tlar,:ot 3
Majority in favour of ;
y the --66Ministr
I Previous to the election of President the
at a privaie sit4r.g, proceeded to appoint the mem-
bers of the nine standing committees, and in eight
of these the Government cindidates were elected,
apposition of course had only one, M. DE
Sanm. Of the eighteen presidents arid seeretariek,
of these committees, sixteen are supporters of the
quernment, and only two belong to the Opposition.
The GUIZOT Ministry, ii,eiefcrel appears to he stronger
than at the meeting of any ferrueF session since itS
forunltiori, The Siick.gives the foliowirig account

of the arrangements made by the Opposisin for the
election of President :—" It was M. ODILON 13Aintorr
in the meeting of the Left, and M. THIEItS in that
of the Left Centre, who proposed to their eci:eagues
M. DUFAURE as candidate for the President's. chair.
Both after wards addressed the meetings, fer the
purpose of impressing on their political friends the
necessity of an accord, intimate, complete, and per-
manent, amongst all the fractions of the Constitu-
tional Opposition. They clearly showed that this
accord ought to take place for the double purpose of
raising the Government of our country, now so deeply
humbled, and of realising all those reforms the justice
of which has been recognised in Pailiamentary dis-
cussions. The dispositions of the two meetings re-
sponded perfectly to the two speakers, and, in con-
sequence, the approbation was general." We regret
to find that the Minister of Commerce will he opposed
by the three Councils-General in reference to his
proposition for the admission of S edish iron free
of duty, and that a great majority of the Councils
will declare against the measure. The French
monopolists are not at all prepared yet for making
any concessions. On this subject, their organ, the
Presse, says :
" At present it is a fact well demonstrated to all those
who have examined the question with attention, that
the proposal to introduce on more favourable conditions
that description of iron is not justified by any valid re,.-
son. No person complains seriously of the existing
duties—neither the producer, who finds in France all
the eh merits necessary for the manufacture of steel ;
nor the consumer, on whom the proposed measure would
confer no advantage. It is, m ,reover, well ascertained
that this measure could not be carried into effect as far
as regards Swedish iron, inasmuch as the 36,000 quintals
produced in that country are monopolised for many
Tears in advance by the English manufacturers, who not
finding, like ours, on their own soil, the materials neces-
sary for producing steel, are compelled to seek elsewhere
the means of production of which they stand in need.
Sweden consequently is not interested in the matter.
Sweden has no iron to offer us, and consequently it is
useless for us to confer on her a privilege which she
does not demand. Whoever is, well informed on the
proposed measure need not be that under the name
of Sweden, and that under te . sr of boisterous de
elamation in defence of public ge attered by a certain
party, are concealed motives of private interest—in•
terests which arc no doubt respectable, and which we
do not wish to deprive of the right to place thernsi Ives
in a ludicrous position, but which it is necessary to re-
duce to their value as soon as they attempt to usurp,
under the protection of the Government, that solicitude
and those favours which the latter owes only to the
country, considered in its fullest and most legitimate ex-
pression."

On Monday the French Government received the
distressing intelligence of the total loss of the Papin
war-steamer off the coast of Morocco, near Mogadore.
and it is feared that out of 150 passengers only 76
have been saved. The Papin was of 160 horse power
and employEd to carry M. MAREY MoNoF, the
French Consul recently appointed to Mogadore in
place of M. HELLOTE (TORRE', to his post. It is not
ascertained whether the Consul was among those
saved from the wreck. The Ambassador from Mo-
rocco, lately arrived at Paris, paid a visit to M. GUIZOT
at the Foreign-office on Sunday. The Journal des
Debuts gives the following particulars respecting this
persi:,n age :

" The Ambassador from Morocco is entirely satisfied
with his journey, and has not for a moment departed
from those distinguished manners, that uffibility, digni-
fied simplicity, arid religious liberality of character, that
from the first won him the favourable opinion of all who
became introduced to him. The larges'es left by hint
for the attendants of the several hotels at which he
stopped might have had an appearance of ostentation,
and a desire to buy favour in men's eyes, but his ready
generosity to the poor shows a heart earnest in its desire
to fulfil that part of the law of God which recommends
charity as the chiefest of virtues. He has brought with
him to Paris eight followers. Sy Lebredi, dirt clor of
the Customs, the Hadji el Arbi, and the young savant
are alone admitted to sit at table with him. All the
other officers take their meals separately. The hierarchy
established among these different persons is shown by
the manner in which they salute the I'acha every morn-
ing. The three, personages who have the privilege of
being seated in his presence merely pronounce the simple
words of salutation, the two Kaids kiss his forehead, a=ql
the three other officers embrace his knees. Whenever
he leaves his apartment, these officers form a double line
for him to pass through, and bow before him, wishing
him health and prosperity. The seven other persons of
his suite did not leave Marseilles till three days after
him ; and, a, they accompany the presents destined for
the King, they will travel by shortstages."
' •

'We subjoin miscellaneous extract 3 from the
papers :

" An Algiers letter of the 20th contradicts the report
of the death of Bou Maza, but states that he has retired
in con-equence of a quarrel with some of the Chi, fs of
the Flittas, and this, it appears, had led to the report of
his having been murdered."
The 7'oulomois of the 25th inst. announces that
Marshal Bugeaud, who had quitted Tiaret on they sth
inst. to proceed amongst the Chott-el-Cheuriqui, met a
consider.ible number of emigrants, who were !lying from
General Youvsoulf. Having sent forward his cavalry,
he captured the entire—men, women, children, numerous
flocks, and an immense booty. No further accounts
had been received of Abd-el Kader."
A letter from Lousanne, Dec. 25, says
A great number of Vaudois families have gone to
Geneva to celebrate there the religious fet, s c f Christmas,
without running any risk of being troubled in their devo-
tions. President Druey has been gravely insultel at
the theatre by the public of the pit and gallery. We
are in expectation of a communist disturbance, w hich it
is not likely that the Government, divided as it is, can
l resist.the
ash Councillorthe President Druey, is designated as the head of the move-
went, the personal adversary of
man whom the conspirators intend
head of Eytel,
of the new revolutionary Government.
"Teann g
at
nd t
The transport of arms and ammunition continues. Un-
easy as to the feelings wf the National Guards, the Council
of State is privately farming into corps men known for
their devotedness. Our authorities, who are at present
on bad terms with Zurich, the directing canton, reckon
in case of danger on the: aid which they may receive
from Berne."

" A Swiss journal states that the Government of Lu
cerne has not only seized on the property of 1)r. Steig.r,
but also on the personal property of Madame St,iger,
notwithstanding that the court of law of the district had
con:wilted to admit a protest from the accused, and that
it had been proved that Madame Steiger had brought
place,
M. r, who has
the furniture of her
fresidencero r ib
iunr gL,
Lucerne.
cheerrn e b. i r tihn-
addition
been employed for some mouths in getting in the money
due to the doctor, has been arrested."
" It appears by a Vienna letter of the 22d, that the
report of the palace of Duke Ferdinand of Saxe Coburg
Gotha, in that capital, having been sold to Baron de
Rothschild, was utterly unfounded. The property in
question is inalienable."
On the Paris Bourse on Monday the Three per Cents.
closed at 821. 00c. ; the Five per Cents., 119 f. 45c. ; the
Orleans Railroad Shares, 1,238 f. 75c. ; Rouen, 1,025 E ; Havre,
8101. ; Avignon, 955 E ; Vierzon, 685 f. ; Bordeaux, 651 f.
25c. ; Boulogne, 5501. ; Troyes and Montereau, 435 f. ' • Bade,
950 f.; Great Northern, 757 f. 50c.; Spanish Three per Cents.,
40%.
The following are the quotations for other lines :

Paris and Lyons Railroad (Definitives), 627 f. 50c. ; Paris
and Strasbourg' (Definitive), ; Lyons and Avignon
(Talabot), 520 f. • Ditto (Lecointe), 517 f. 50c. ; Ditto (Corn-
pagnie Meridionale), 507 f. ; Bordeaux and Cette (Mackenzie),
5021. 50c. ; Ditto (Espeleta), 510 f. ; Charleroy (Kysaens),
4951.

LYONS, DEC. 27.—Marseilles and Avignon, 900 f. ; Paris
and Orleans, 1,20011; Paris and Rouen, 970 f.; Orleans and
Vierzon, 650 f.

TIIE PRINCE CONSORT'S HARRIERS. Major-
General WernYss and a large field were at the meet of the
Prince Consort's harriers on Tuesday, which took place on the
farm of Mr. Edward Mason, at Slough. A couple of hares
were put on foot, and afforded excellent runs. The first
kare, which was found on Mr. Mason's land, took away in
the direction of the Great Western Railway, on to Salt-hill,
where it doubled round to the seat of Granville Penn, Esq.,
and was killed at Stoke Park Lodge, after a very fast fifteen
minutes' run. The pack was then taken to Chalvey-fiel s,
where the second hare was hound on a pies',‘ of fallow land,
making away t .wards Willow Brook and Eton, over Clial-
vey• ditch, and on to Eton Wick; thence it doubled to the
ri.,.4ht to Cipp nham and Dorney, on t Mr. Pocock's farm,
near the Maidenhead station, where it circled hack to Dor-
ney, and was kill d on Mr. Truinper's farm, after 4 gallant
run of nearly three-quarters of an hour. It is expected,
should the weather be fine, that the Prince Consort will hunt
with his Royal Highness's harriers to-Jay.
It is expected that most of the Cabinet Ministers
will return to town in a few days, for the purpose of attend-
that
ing the Court to be held at Windsor Castle on Patiirdav next,
day having heer! aPpointed by her Majesty for receiving
the petition of the Lord Alayor and Corporation of London on
the subject of the corn-laws.
POOR-LAW UNIONS (IRELAND).--A Parliamentary
return was issued on Tuesday, respecting the number of per-
sons holding land in the Poor-law unions in Ireland. A good
deal of information is afforded on the subject of one hundred
and thirty unions in Ireland, showing the extent of land
occupied by the tenants. The return is a somewhat
lengthened one, and has been made out in the office of the
Poor-law Commission at Dublin. The population of the 130
unions is stated at 8,174,029,
The Earl of IMlor4ilogton has taken the seat of Mr.
Sehoiey rtt Wanstead, .saes (not Oak Hall, as has been
stated), It is understood to be his Lordship's Intention to
extend the park into a portion of his own woods adjoining,
and to preserve the covers. The Noble Earl owi.s most of
the manors in the neightourhood, and is warden of the Epping
and llainhault forests, in which the deer ciiid taaber hhve
been in a great and Injured during the last
few ears; want of proper care.
EW WORKS OF THE SEASON.-I\re are requested
to state that Mr. Bentley, of New Burlington-street I
fisher in Ordinary to her Majesty), hkis_ clay pi.ihkslied
folio` new works, which' nriay now be had of all book-
sellers, Atid at all the libraries:—l. The Picturesque An-
tiquities of Spain, by Nathaniel A. Wells, Esq., imperial
Bvo., handsomely bound, and printed and embellished \V
numerous splen lid engraving., pric;, (inc t~uinua `('lndia
Ir'ofs, 11. 113- 64. ) A tliltbry orNew South Wales, by
Thomas Henry Braim, Esq., Principal of Sydney College, &c ,
'2 i gvo., with illustrations-3, Margaret Capel ; a-Novel,
by the Author of " The Clandestine Marriage," &c., 3 vols.
Also, in
fpeuwoildaoyfslhteh `44(1 late'Maitra
and'Clilef Cook Co hEr 'Majesty-,' one ye:. Bvo., with
upwards of sixty illustrations.
cceille,lordzteeran Ch:tripa Limu

kONEY and COMMERCIAL NEWS.
(From The Son of Last Night.)
In the Liverpool market yesterday about 4,000 bales of
Cottan were solo, all to the trade. Prices generally were
..er I!). higher, and Cotton was not very freely offered
, )
at advance. Railway Shares were not quite so brisk.
Le :date of affairs at the Cape of Good Hope, as noticed
in ree.!it accounts, is certainly, politically speaking, tot sa-
tisfact,ry; but there is reason to believe that the colonial
authorities are exercising more vigilance in respect to !he Natal
settlement and the country beyond the old colonial boundary.
In agricultural and trading resources the Cape never was
richer, and it is much to be desired that all our subjects
should, if possible, be rendered politically happy. The fol.
lowing letter explains, however, the feeling of the farmers :
" Orange River, 3d Oct., 1845.

" Thank goodness I have once more arrived safe at the co-
lonial side of this river, after an absence of some weeks in the
country occupied by the emigrants, where matters are any-
thing but in a prosperous state : in short, I fear evil conse-
quences are likely to arise from the very unsettled state of
society. Many of the Caledon River emigrants have treked
further into the interior, and those at Windburg
are actually talking of attacking the Griquas, to
reccover their cattle and sheep, which have been
captured and given over to the Griquas, The state of things
is certainly bad, and unless some decisive measures are in-
stantly taken to restore the declining co fidence toward= the
Britiel, depend upon is another military' force wid be re-
quit ed to take active steps to enforce due obe ience. The
emierants at Windbmg say they are determined to have
their own laws and form of government, which they
are capable of administering themselves, and have
memorialised the Colonial Government to be allowed
to do so. They say they will not make any
open opposition until all thcir remonstrances have
been declined. And those emigrants residing near the
River, who swallowed the oath of allegiance, and pro-
mised to behave like good boys in future, and evinced a wil-
lingness to pay a trifling quit rent for their farms, and every
thing else which ,they had been coaxed to do, are now
talking in a very different tone of language; they com-
plain bitterly of the daily thefts of the Griquas, and
their arrilgant attitude towards them—no protection
whatever granted them ; and the chief Adam Kok says he
will inquire into the cases, but the culprits are allowed to go
away, and never in one single instance has a case been
noticed. Such want of justice and protection has rekindled
that animosity formerly existing between the emigrants and
the Griquas, and ere long we may look for another
irruption. unless a person is speedily dispatched to
settle all the disputes in question. The Griquas are
trying every measure to upset the emigrants' rights to farms
which they had hired to them; and I hear themagistrate, who
is at Philippolis, has decided several cases in favour of the
emigrants. The uncertain tenure underwhich the emigrants
held their farms is another source of complaint. A report has
got afloat that 3,000 morgen is the extent, whereas they
hired from the Griquas twice that quantity. And they say, if
the Government intends taking from them what they hired
and bought from the Griquas, they will consider they have
very little justice to expect at thehands of the British Govern-
ment, and therefore, like many others, will be necessitated to
trek further into the interior, and thus avoid all future in-
terference on the part of Government. With such sentiments
and feelings as these, I dread the evil consequences should
they attempt to trek, for land they will and must have to
graze their flocks, and consequently will not be over particu-
lar as to the mode by which they obtain it.
" When at the Modder River a report had just reached the
emigrants that Masselkaats was advancing towards that
part of the country, joined by a vast number of Dingaan's
Zeolas.—that the natives were flying before him in
all directions, and the emigrants at Magaliesberg
were retreating from that part in great panic ;
so I may almost say, the whole territory between the Orange
River and Delagoa Bay was in a blaze, and the Govern-
ment will have to keep a watchful eye, for the country over
the Orange River will and ever must be an anxious burden.
Nothing less than a line of military posts from Orange River
to Port Natal will keep the country in subjection—and such
eventually must be done."

The Flinds are steady to-day but there is not a great deal
doing. The most active securities are Bank Stock and Re-
duce7lThree per Cents. The former is worth 20414 to 203,
and the latter 951/s to The New Three-and-a-Quarter
per Cents are worth 974 to %. On Exchequer-bills the
premium is 265. to 28s.

The Foreign Bonds have not varied much. Spanish Five
per Cents are a little firmer at 2914, and the Three per Cents
at 40. Mexican Bonds have been quoted 311/8 to 314.
Chihan are 9S, and Peruvian 411 A to 41%. Russian Stock is
quoted 11 Belgian Four-and-a Half per Cents are at 96,
and Dutch Four per Cents at 94 to .
Shares are generally better again to-day.

ONL
O'CLOrIC

CLORING
ritICES.