The Sun.
London, England, 1846-06-26 00:00:00

THE SUN, LONDON, FRIDAY
_MORN.ING, JUNE 26, 1846,

jects. AU hon. u to the Minister who has nobly dared
to confess that he was formerly wrong, and, having
d'-coveri d I,;s error, has coute qni coute renounced
it; and, by carrying out the gracious intenti,ns of
his SOVEREIGN, earned for himself the e er•
nal gratitude of the suffering masses of his
fellow-countrymen ; but, above all, honour to
the glorious League, which has peacefully, constitu-
tionally, and legally begun, continued and con.pleted,
tills great, this philanthropic work.

Another railway case t f considerable importance
was on Tuesday decided in the Court of Common
Pleas, in which the principles that decided the case
of WALSTAB v SPOTTL-WOODE were confirmed and
extended. We now have had questions respecting
the liability of the allottees to bear. any portion of
the expenses of abandoned railway undertakings
brought before all the superior courts. In the Ex-
chequer the decision of the full court has been given
in the case of WALSTAB v. SPOTTISWOODE. and the
plaintiff declared entitled to recover back the entire
amount of her deposit without any drawback or de-
duction whatever for the preliminary expenses. The
present case of WONTNER v. SHARP differs in some
respect from the f.atmer, and will be found to govern
a vast number of cases which, it was asserted, did
not fall within the. rule adopted in that case. lii
WALSTAB V. SPOTTISWOODR no scl ip had ever been
issued to the plaintiff, nor had she signed tho Parlia-
mentary contract nor subscribers' agreement, both of'
which were actually signed, and the scrip - • d
receive by
the plaintiff in the present case. The evidence
will show what has been the cause of the failure of
a vast number of railway undertakings, v;z., the im-
proper retention of a large proportion of the shares
by the managing committee, although there were
Abundant applications from, solvent and respectable
persons, more than sufficient to warrant the allpcatiod
of the entire nuaiber of shares of which the project'
was to conlst. The object a many of th;....
inittes during the palmy days of railway enterprP,e
apivared to ba- to allot only such a number of shares
is viola 'tit-why:to deposits sufficient to meet the

it eu.ex- '1:-Ad to retain the greater portion
T'Or 41 i'-e v s arid their friends when the scheme
was Lvi.nirabl ee ised and its sharps at a pretniuni
in the market ; but should it prove a failure, to cast
the bulk of the expenses on those who had paid their
money on the faith that the entire number had ben
(lotted, and thot if there sbyold he such a f.ilurc
he expenses would he borne rateably by the boAers
.f all the shares. We have ever thought
d stat,d, that the strong ground that
existed fur the refusal of those persons ti.
whom shares, had been allotted aster the panic had
set in to pay the deposit thereon, or to contribute any
sum whatever to the expenses of the defunct c Anpany.
which we conceived they were not bound either
law, in a quity, or in point of honour to do, consisted
in the fact that no reciprocity ( xisted that it' the
the scheme had been a prosperous one they wontl
never hare received an answer to their applications.
the go .d things would he reserved for the especial
behoof at d ben.fit of the committee; hut, if the con-
trary, all the shares would he moat impartially
buted when it was known that a boss and not a gain
.vas to he the result. It originated in the proceed-
ings of the Direct London and Exeter Rail Ai ty Com-
pany, which had been provisionally regt,tered in th.•
month of May, 1845, with a pro.osed capital of
3,000.000/. sterling, in 120,000 shares of 251. each.
rhe plaintiff applied for sixty shares, which were
grante t to him on the 15 11 of October ; and adver-
tertisements appeared on the 17th of October, stiting,
that the allotment had been completed, and au
apology made to the numerous p-rsons,, with un-
doubted claims on the score of wealth and social
standing, whose application hartz:either been. passe.
over or cut down. In fact, there had actuslly hey
applications for more than 400,000 shares, and
the allottnent committee, of which V.ie delend4:,
was the chairman, only ilistrire.l 58,000 share.,
retaining no less than 62.000 stiares, or more that:
h if the number, for the use ,f the maw:ging corn
mi_tee. Fled - pince a tew week,
hter, w)en the panic hi.l set in, aml al new project!
were at a discount, i 4 all human probability the full
nutnt.er of 120,000 shares I,,,,N:af:d have iv.!en distri-
imtea amongst the applicants fur the 342,000 shares,
whose requests were not eompliFd with ; and we

heard an outcry attahl.,t, ti

tool

flt..to

tuytni wt.l4 followed of ffstaining flit
!sof he prr;:noter;. th Octot1:-3t

up his dcposlt, c‘ri.3 ,2n -ith No-
vember sigre-d the Piviiami:ntary contrwtt and sub-
scribers' agreement and received his scrip On the
15th December a meeting was caled, when it ap-
neared ;hat 32,395/. only had been paid for deposits,
but of which 31.900/. had actudly been exi,ended,
loavinvt bil4nce ~-)f 492/. to pay the l'arliameiit:iry
deposit and all future expert-eF., and that no less tha,,
14 of th-: pruvi.ional committee-men had neglected to
,ray any dep--sir ver on the shires agreed to
be held by them :of course they were na to w,
net'ore Parliament. It was contended, on behalf of
the pLintiff, that the st:l in& tnight I.e said to hi
virtudy abandoned' and that -he had -a right to
recover hack his deposit on the grouiA of the failuri.
of eonsid -ration on the part of the pr+ctors, and
also on he ground of fraud. The company it ap-
peared defended the action and secured the set-Nice,
of tho Solicitor-General.

The Learned Jege !eft two qinstions to the ju!.i.
—fr-t. was the st ti-wen• !hat all ti!e sleires had lie,
tllottid fah e to t:, knowledge of the-defendant ; is
they thoeght it was, and that it w!.s a material in-
ducement to the plaintiff to pay his deposit, and that
he would not have done so had he known the rt al
facts of the case, they should find for the plaintiff:
and, secondly, it. they thought the scheme an abortive
one, and at an end, they t,liould also find for the
plaintiff. He also desired them to say whether the
deed was executed by the plaintiff on the same under
standing. The jury found for the plaintiff on both
grounds, and also that he had executed the rived do
the same understanding as he had paid the money,
and gave the full amount of the deposit, 821. as
damages. We have been thus minute in detailing-
the :-.•ntire circumstances of this case, because new
elements ex'sted in it different from those which have
'lready been before the country; and we are
convinced that there is nothing so important
to all parties connected with railways, whether as
committeemen or shareholders, as.to know aecuratly
the entire amount of their liabilities—to be enabled
to judge-correctly of the circumstances in which they
are placed. The law may now be looked on as fully
and entirely settled ; that which a short time since
was tlouhtfift,- is now perfectly clear. The corn.
toitteemen must bear the entire expenses of every
landerteling which has not been proceeded with, and
must return the cull deposit, without dedu:idon, to
parties as p-:.i(1 on their Shares. The soener they
previsien for this purpose the better. F.:•ery
1 n"._-_°"\Y increase the amount of the
rns" is
17;:gn2Lt:1-7:nniMb-331.1-leirclicir hilei (151t,:te-cf: knows he can
thsetar,,nit:Qt:
debts
:11(2,
ti
s2:l. e:Tti
ea
hl
te,tylo,
fi-ler.cto;:reLi7,7. bl,yrbtA;v:o
fiS,' 'Lin 'amount of 1,
their• re ctive co n; a
an i es,
subscriptionildudnt4 tahmeodngsemtantdhsemof
bi.
hutlit73
.tiffieient to satisfy thetas.
The
wires
lacrifice ;1-11n2dvethr:Ye.party liable will

fled t

111201.1n1" cki!‘ vc
De %,). ~,bethz.r it will he in his power to
erect or not. Even this will be valuable. Any.
thing muA be better th.:ln t:e uncertainty which has

itherto prevailed, ar

parties fable fmin ex

Y N

13t.ft LaAt's (notion in reri.-encr, -_sN,-
.3hmtilt of PLO. e, raft. r irre-
a:lt to the i!. "f• n V r-

.. , ~.;

j •• I 4, If, tho SittFe
; g That
• ri:n •Pr !now, since to
. . I, 1/4 _ iniVe iver ti-nd

ti, p ot our Tate-t-reer,, aumn4 the
fit pr«—et.t- ..,‘,o•ere.l.,d,,mit the me-
fropolis, nu oue for a moment would undertake to
diviutt ; 11111:313, tivugh the of Go.

vernment, their publication will for ever prove in
impossibility. We are not desirous, however, that
the public money should be rendered so accessible
upon every case of apparent emergency as to im•
part to our Legislators the character of profligate
spendthrifts ; hut still more are we opposed to that
niggardly denial of assistance, by which many most
admirable national undertakings have never been
attemrted. It is another of those Scylla-and-Cha-
ryb,iaii straits through which a Government is ex-
pected to pass without collision or submersion. From
the execrable prodigality which our rulers have in
bygone days displayed, from their readiness to un-
loose Vie purse-strirgs of the empire, and from
their total disregard to economy, have sprung
till- se monstrous parasites, those sinecureships,
those causeless pensions, and those secret boun-
' ties, which, like political excrescences, have
extracted all our monetary vigour, and debilitated
the nation by the ever-present responsibility of
835.000,000/. debt. From the penurinumess, on the
ether hand which, almost without exception, has
been displayed by the various Administrations of
Great Britain towards many of its noblest and most
illustrious children, froM the stinting and doling
charities which have been so unfrequently wrung
from the Exchequer by the anguish of destitute
geniu,,, and by the general Torpor and apathy e%inced
by ~.4overnment towards the woes and vicissitudes of
:some of our most eminent countrymen, have pro-
ceeded the starvation, and the lunacy, and tiie sudden
and sometimes violent deaths which impart such a
melancholy but significant gloom to the memo-,
rials of the mo't gifted beings in the land.
Hence a double reformation is not only
advisable, but is ab,olutely incumbent upon the Legis-
lature ;—a contraction of that tendency to squander
moneys upon insufficient cccasions and upon utterly
wort Wss recipients, a • large and more gen, rous
philosophy in regard to the starving labourers in the

vineyard
co-arse been more

of knowledge. Had the further
speedily adopted, we shoUld
358,42041. annually to the

lut.have to.•di

Lburse

Intirry hangers-on of placemen, or for ex-anibassadors
who have• already performed their services and
'ec,-.Aved their wages), 34,048 anntiall:,: ; r e should be
a... --d the degredation of perretuatirig the recollec-
tion of CHARLES the SECONDS debauchery by
large yearly payments, and have been preserved
from the fangs of many a voracious vampire,
in the shit:* of some pthaly ea uthcis':.
Had the latter been ad•ipttd as a consti-
tutional principle, we should never have been
haunted by the dying groans of OTWAT, or the
emaciated and hagard visage of CHATTERTON. , Had
lhere been some rational allowance made by the
State for those who are struggling in penury through
he treasures of intellect, the bin dy and horrible
!atastrophe which on Monday m terminated
-he eareer of poor Havn,)N in ght hate been
ureverittd. `And surely we are not endeavouring to
-xtort an exaggerated mural by merely pi tying upun
'he ser,sibli•ies of the people when their hearts are
. rung and their imagFations inflamed by a spectacle
f such ineffable desulation and de,pair as that of the
siucide of this must remarkable man ! Surely there
is a tendency to commisseration in the niere retro-
spect of the evil against the existence of wh!ch we are
Aweighilig ; surely there is a mournfulness and a
rationAity about it, altogether irrespective of any
emporary cause of incitement to those sentiments!
ijan any one remember the premature decay and
he torments of involvement which had ren-
lered the death of J,PHN BANIM inevit-
'tole before the Government vouch-afed him
the miserable pittanc: of 1.50/. a year, without feeling
the horrible cmisequenc-s of this legislative apathy ?
CM they remelt:ll-fettle death-bed of Thomas 'Toon,.
that saddest death-bed poet ever came to, without
:riuurning that the pension to his widow was only
'Paled by last breath ? When we find, indeed,
:hat • 9,6741. is all the tn,.ney annually
()needed ILerary, scientifle, and :sr. '.tic eminence,
Lush that 0,4 e here,lit peasion atone fry m the Ex,:ise
eerie Ond in rec,mpense for no good service

...,hatever), amounting to 10,584/., is paid yearly
into the pocket of :a Noble Duke, we e:,,neot
hat— revolt at such a disproportionate distribu-
tion of the mstional funds. In the lament-
able self-destruction of LA .tN BLANCHARD.,
only the other year, an intauce Was zific.irded us of

fer.rful tfl'ects of thus cuts.-..

I_'lli~E ij

amity,

war

stilt ti

idly up our conviction

lat the contingencies of povc,rty to inteliectual men
mull be foreseen .ancl prove; ted. Unless tiorne
:rt hi behalf of our :nilitant and suffering genius

(411cially made, Cr.? -blood of our men of arts or
,lied l y theni:elve's in the madness of destitu-
tan, continue to be an indelible stain upon
she I..gislature. The Premier has, in this
recent case, been preserved from the pos,ibility 'of
ilaving any -tigtna of neg!ert (AA upon himself
an act of genuine bel-vokiice, which wo&d never
.4.ve. hem' revealed but for the una,itioipated decease
't' the
.histn!ical an which will ,erve to
-tabilitate the popularity and assure the love of the
towards ROBERT PEEL; the more espe-
Aany so as thi: beautiful and att c ing in•tance of
.'onerosity is simultanpou: wiqi the nod,- volent and
•ol.Yar ‘l,,ri,i.in with which lie has b=-en himself
r. eat,,l. From that unfiii;shed paiii:ing of " King.
kt.rapp and the First English Jury," before which
%as iii•covered the dead Oily of IIAYDoN, sha:l we
lot draw a moral ? Must genius still continue to
,tarve, and become madmen, and commit self-murder?

Nladrid papers of the 18tn have srrived. The only
~1 o r thLit can be gli an, d fro :n +Lea, that,
,ior
tr,apiillity prevails Va-ough•!ut the length and
r adth 'pain.
MADRID BOLSA. JUNE 18.—The. Three per C,nts.
,cre done at 33* for c,sh awl 33 7 16 for paper ; die
Five p.r Cents. at 201 for paper ; the Di.bt without
tere t at 64 for cash, aid si for paper ; the shares of
the !tait or San Fernando :A 280, abd those of hal), 1
at 96.

Letters from Rome state that the nuNiber of cardinala
assembled in ci,ncTave for the el' ilion of-Pope was fifty-
nit. The mars of the el ction of Pius IX. was received
with acclatpittions by the people of R..,rne. The en-
!-JTi•nement of his Holiness took place on the 17th. The
tirA. AmLssador whose felicitations the newly elected
:dupe expressed his desire to receive was Count Rossi,
the. French AmhaFsador. His Holiness, in his reply to
the Count, elpresc'd the most friendly sentiments
towards FE4LCO.

The quiversal Germ n Gazette publishes a letter from
11...-en of the 171- which says that the son i,f Count
PONINSKY, who ha ';klien a Rassport at Berlin for Po-
fo.r:thc of Visiting his father% estate, bad
been arrested at and taken to Warsaw, where the
Governor declark,d that ho should. nit bt‘ relev.,:ed
until Prussia grave up the P9le DOMBROWSKI,
one of the chiefs of the- late'insurrevtion. , .

We hare received the Paris papers of Tuesday.

,
The El),_lnc, r hi,li is the organ of the (3 UIZOT Minis-
y, contains an article on the refusal to gyve :in autho-
riation for the iti:ietinqs of the Anti-?rotectioni. is
League :n. Paris.
This article, which we give below, is
•
in:portant, a..s showing that free-trade principles are
making progress in the French Cabinet, which by this
article may almost be considered as a Goyernmenta,l
manifesto, plainly refuses to identity itself with the
protectionist party. The mire of free traic has every-
thing to hope from the liberal commercial tendencies of
:Alarm, nut. d
the.G 4vernment, as show,, in this article:-- - • .
-- " Certain joarnal+ assuming to themselves a monopoly of
liberal seutimenrs exclaim with great indign;ttion against
commerce in vornprotninZCl ii
atililicLrieb,firtaet id,fesau
___th,LTisation or license to the ' As%oelation de
discover that
the
cannot par ichiate in their
so ratio,. .-..-i s a. ti_nt •i•-• yehperore.;fr,rs.„4,li:t; t.,puhricilltnituti,et3r.ysaoyr
the example of the Ca'l"" we offer to their.
of c. twolation,
this me.:um They
mmni:.ess with which we have received
s,en with a lively plensuiei the formation themselves, that having
that having hailed its birth wiTiral:" (")f this mociation,
been Seri, oklAy I:filleZtd if. any 1„1401'our, w" should have •
it, that it,.. •?x.i-,t clue cannot be reallyr misfortune
ah':-."1 happened to
we 0.,, no.; 11,,:ir those larnentAtion,sand s' o t' , i • j,
i l'i4 1 .4 as
which loud
1 as
~,,,.. ~,:,•it.,•,1 t,y t.lle. lost of an object of sir c;rre affectiare
~Ve qr,, ii:fic.d.,,itie:ently happy to hive it in our power to
1 ~,,,,-,. t;!,,t, ~1.1, i cfa,;al:whicii c•-eat• s s i !hilt fl in tilaritkii
i,
:,..,,.
,i
or, ~!t, c,od ~.41Lies :hem to ;4;1 into old' , v.
nas 114-t• scarcely in :Inv .t, r 1 i•r"
wee, the lugti-
,
air
•• i.,•0 .I,i t • err 0,0 ,- iv that they have consPereil it as an
rut o ili will oei ;1,4 litv to prevailing iti,a,
and to own
iiii.i.O,i. to pr .—ii e ire- awn of trail-, in order to iner,ase
pr gresovelv the w li-beilig „t the
.ii •,141e, the publi,• pr. 4.
' - th ri- .i n I power. In this th re can h. ',thing iii
i,•11., r .i. *) .
conuron with the refits .1 44f a license to an a-sianation. even
,iii ,i—iiii i:itiim form. d with t' e view of clev,lvi,,g a fret, ex-
c'iange of commoilitie-,
a„,l file IllnVidi I a 'lt a C-ibitiet or
ii Gove7tinient on gitestiiiiis of pu-tic e. onomy. It is per.
reedy ityCkitset- or. Airovertinirpf,
reedy allowable to
in refusing, to .au hori.e officially the e,tatilishment of at,
a•sociati-n whose avowed object is the promotion of this
freetlk of exchar-go, may. be.. prfectly aoiriMce24 that there

is much to do to ameliorat the economical condition of the
country. We, for our part, are intimately persuaded that
there is not in thepreseet Cabinet any blind protectionist—
any one enemy to the progress of
.political economy. It
moreover seems to us to be very easy to assign legitimate
motives to tee refusal given to the Associaion de la
Libels é des Echanges,' setting entirely aside the direct
interests which the association pursues. Under a
free constitutional government, with representative
institutions of a very democratic character, private
associations are certainly not the only forms and
instruments necessary for realising the desires and
wants of social progression. These objects have
other means of realisation. To ob sin this what is there
need of more than the councils of arrondissement, the coon•
cils-general of the departments, and the three councils
general of agriculture, manufactures, and commerce, with the
Chambers of Commerce and the commissions incessantly ap•
pointed and consulted by the Ministers, together also with
the right of petitien, with the agency of the press and the
tribune, with the influence of public opinion, Queen of the
world, with, in tine, the irresistible power of the majori-
ties in the Chamber? Let us then acknowledge in the ful-
lest feeling of consolation and even of pride, that France, in
order to amend her laws, to improve her I obits, her arts, her
commerce, tricl general industry,- is not reduced to such a
hazardous state as to require the union or a certain number
of persons under whatever denomination upon any one point
of her territory. Let the Parisian journals be fully convinced
of this, and pursue their vocations in peace. We can safely
promise them they will not lose their time and labour, and
when the day comes that they can con‘ider their plans to be
worthy .he civilisation of France and Europe, they will have
at their command every means of causing them to be accepted
by a happy and grateful people."
The Chamber of Deputies on Monday held its lab!)
sitting before the official termination of the session.
Tire Chamber of Peers were engaged in discussing the
Bill for an extraordinary credit of 93,000,000 francs for
!he navy. In the course of the discussi,,n Count
BEUGNOT, M. DE MONTALEMDERT, and several Peers,
expressed their desire to see France a first-rate naval
power, and M. DE CASTELLANE insisted on tho neceutity
of constructing another naval ars,-nal and d9ckyard on
the coast of the Mediterancan, in addition to Toulon.

The illonikur publishe4 a royal ordonnance, charging
the Minister of Public Works with the portfolio of the
Ministry of Pablie Ing-uction during the absence of
the Count DE SALVANDY.

JI P. Rawl). Deputy for Cahalos, anal formerly
French Consul-General at Sa,yrna, (bed in Paris on
Sunday.
M. DE LAMARTINE lias left Paris for Italy.

:It was rumourpti in Paris that it had been agreed be-
tween Prince METTERNICH and the Papa! Nuncio at
Vienna that the Austrian forces in Italy should be aug-
n)eutall by 10,000 men.
On Tuebday a grand mass was perfAmeti at Nots
Dara:e, on the occasion of the deceive of the hate POPE,
at which all the Ambassadors in Paris represting Th;
man Catholic Sovereivns were prrst.nt.

Tho stottmer Coyle!' arrived at T, ulon en the 18th.
With dipa74thes from the Piiiice DE JoiNviLLE._ Th
scruidron o!' evolution wns then st Palmn, the capital of
tniorc7, t"rotn whence it would sail in a few days for
Barcel,:na. end fro:n therm, nroceed to Algiers.
MarAi-,1 BUGLAUD re.turp,d tc Algiers from Oran on
the 14th. The Duke D'AUMALIC had accompanied him
a. far as Djt ma Ghaza.uat, and then w"'t for Tlemcen
with General CAVAIGNAC.

1) n CARLOS, d the PrinePss DE BEIRA, his wife,
tot.sid trough Chamher) on the 17,h instant, on their
Way f,orn Turin to the waters of Aix.

The Three per Cents. closed en the Paris Bourse nn Toes-
(l4, at 82t. 95e. ; the Five per Cents., ar 120 f. 45e.; tl:e
Or:ear.s 114ilroad shares, 1,242 f. 50c : Bonen, 1,0071.50 e.;
Havre, 7251.; Great. Northern, 721 f. 25c.; Avignon, 8701. ;
Vierz•,n, 620 f.; Bordeaux, 5861.:!5c.; Basle, 2171. 50c.;
Dieppe, 4051.; Paris and Strasburg, 4971. 50c.; Tours and
Nantes, 512 t. 50c.; Pal- and Lyons, 532 f. 50c. ; Spanish
Actives, 311.4 ; Ditto Three per Cents., 37%; Ditto Do-
mestic Debt, 321%.
The l..llowiug are the quotations for other lines:—
Lyons and Avignon, Detinitives, 5011. 25e.; Bordeaux and
Cette, Detioitives, 485 f.

itIiSINESS i IN FOREIGIC HALLWAYS AT THE
LONIN ~N STOCK E•;CIIANOk:, JUNE 24.
Anglo-Belgian, '2% ttouloune and Amiens, 12% East Indian,
4—Luxembourg. lA, -- Lyons and Avignon, I% Namur and Liege.
3—Northern of Fran. Constituted. 13% Orleans and Bordeaux,
9,4—Paris and Lyons Constituted, a —Sambre and Meuse, 4%.

EASTERN COUNTIE-• RAILWAY
A special geLeral meeting of the proprietors and sh:are-
hol of the Eastern Counties Railway took pLice yea; rday,
at the Office.; of the Company, Shorellitch, G. Hudson, Esq.,
M.P., in the chair, to ake into consideration the propriely ot
pro eeding with the following Bills in Parliament, nameiy—
** A Bill for making railways from W:sbech to St. Ives,
and to iennv Drayton, to he called the isbech, St. Ives,
and 'ambriage Junction Railway?...
4- A Bill to enable the Eastern Counties Railway Company
to make three brawl' railways from the line of the Eastern
Counties and Thames Juncti-n Railway, two;lhereol termi
at the paper warchomics bel,t44iog to the East India
Dock Comp,ny, and the other terminating by a junction
with the Ea4terte ()gunk- li iil way "

Tbe SI:CMITARY tlavi• ;4reaH the ;elv,,,ti,-ment convening
tit., tilee i r..+iit the pr. s t t ier ils
Then it ,tam N ,aid that the 11,-4 hatl r-ceiv..d the
asetit ot th.• c..intnittee of the 1-lons,-• L rds, so th.tt tio•
shareholder, inigklt fairly eon- i.i.•r it w:As
indged in a position short iv to become the law of
I)t atid. i.rop to lie rAi,e4i was 4!5,00t)
had bee:, s v r;ti times beti,re the share-

‘+:l, liter ly .1 0 f 19int that he brough
it uNit,r Vitlr !...t,o 1 -41 11..

.its t::eq put, and carrie(l

ed to

:,r4adc. with 'respect to the oppos4iOn whlch the
,fre.144.-ti, the London and York. They had offtrel i

nate opp,,iitiOn, but he itl,l'.:naotly denic,l
no:Qtl any' foul or tii,hone3t means to -,-)lnplish the r

COURT CIRCULAR..

The Qneen and Prince Albert took a drive in an open
carriage on Wednesday afternoon, in the vicinity of
Osborne Houst.

- Yesterday morning their Royal Highnesses the Prince
of Wales 9 -Prince Alfrrd, the Princess Royal, and the
Princess Alice, went to the sea beach, and took their
usual walks and rides.

Her Maj, sty and her Royal Consort promenade d in
the pleasure—grounds of Osborne House yesterday fore-
noon.

Her Royal Ilighmss the Duelws,s of Cambridge, at-
tended by Lady Augusta Cadogan and Mr. Edmond
Mildmay, honoured the Dowager Duchess of Bedford
with her. company yesterday, at Campden Hill, Ken-
&noon.

His Royal Highness the Duke of Cambridge, at-
tend d by Mr Edmond Mildmay, honoured Lord Foley
with his company at dinner on Wednesday evening, at
his residence to Grosvenor-square.
Baron de Moncorvo, Portuguese Minister; transacted
business yesterday, at the Foreign-office.
Mr. Diekenson and a deputation from the paper trade
had an interview with the Chanc, llor of the Exchequer
yesterday. Mr. John Wood, Chairman of the Excise,
accompani-d the deputation.
The Arci,bishop of Canterbury had an intcrvi w
with Mr. Secretary Gladstone yesterday at the Colonial-
office.

The. Duke of Leinster and a deputation had an inter-
view with Sir Hobert Peel yesterday, at his official re-
sidence in Downinsr-str. et.
Dr. Bowrinet, M.P, had an interview with the Earl
of Dalhousie yeste_rday, at the office of the Boaro of
Trade

I hspvehes were reedit: d yestentay st the 0,101114
offi-e frown the Governors ot. S ,uth Wales. New
Zealand. tieng-Kont-r, Ceylo9, the Cape of Good ilope,
St. Helena, and Malta.

The Elrl of Westmoreland transacted bu4ness yes-
t,•rd-.y at the office of the Secretary of State ,br Foreign
Affairs.

The JudiCial Committee of the Privy Council sat. yes-
terday, and resume,frie hearing of the appeal " Wilds v.
Sir Genrge flipp," from Now South Wales, Mr.
Bothell. Queen's Counsel, Wag Ir2rd. The Lords pre-
st,nt were tho Liird Chancellat, Lord Brinigham, the
Lord Chirp Justice or the Court of Common Pleas, the
Seeroary of State for the Colonies, Mr Karon l'a,ke.
and t'-.e Char.eclior of the Duchy of Cornwall. The case
alourned.

NIONEY and CO MVi ERCIAL NEWS.
(Froru • The Sun of Last Reit )
The Cotton naiket at Liverver.l yesterday was heavy,
ait there was very li,tle .tht-ration in pr;ces. &les. 5,000
hales, includint: 700 for exportation ; 200 bale, Pero trW,uco,
at 4'4d. to 741. ; and 80 b:les Bahia. at 61. ; 200 Egyptian,
at 5321 d. to 8t,,t1. ; 200 Surat, at 3.1. to 31,1. ; and the rest
Ame:wan, at 4d. to 5140. per lb. Shares were dull . gan.
An arrival from r ape Town furnishes ',dykes of April 23.
The a.vernor. Sir P. Maitland. having niwured his prepara-
tions, anti put the whole of the inhabitants of the frontier in
,tate of defence, advanced with the malt) body f the ;mops
into the Kafir terri!orieA. but fount tat •..) preoar !ion, to
oppose him had bee. male h the enemy, ‘0,,,
tied into the mouirains. A good proporti.m tit the c'nefs
were friendly to u•,,Sr dill,, Mecomo. and Botuo era red.
The t ecessity of teAching the Kafiri a wholesome 1 -son
our power seems to be fully recognised by the Gover, or, and
the effect we may hope will be permanent security. That
even now very vigor us proceedings will be indispensable,
we may judge from the fact of inure robberies and a murder
having been committed by ome or two straggling parties of
Kafirs.

The Crane packet, arrived at Falmouth, brings later in-
teliget ce from Rio de Jai eiro and the Rio Plate. The Bra-
zi ian Knistry hail resigned, hut otherwise thtre 1-, no- hing
of interest to be noted in these accounts. As regards both-
zerent operstions in the Rio Put , since the battle of Sslto
th.,re was nothing new, save a tew skirmishes. At Monte
Video, up to April 16, tue t3rovernment seemed to be still
rather unsettled.

Arcounts of February 16th, from Sydney, afford very little
local news, and in advices of the 13th of January, from New
Zealand, we do not. find that the troops had moved further
up the country after the of .sir with Kawittou the 11th of
that month, having, of course, scarcely had time to do so.
There is a flat market again for the Public Securities, and
the probability of the Peel Administration going out and
leaviug the country in a state of political confusion, has a
depressing influence, which, we much fear, will not
be got over until a firm Cabinet is spin
in power, and whete that is to come from, if Sir
Robert Peel refuses again to head, sorely puzzles City
men. Lord John Russell is admitted to he fully competent
to the task, but it is doubted whether the Conservatives who
tollowed Sir Robert "more in sorrow-than by choice," will
adhere to a Whig succes-or, even though to forward !tea
ures planned nearly in the same spirit as are those of the
existing Nlinistry. These are City views, and we give them
for as much as they may be considered worth. Consols for
time bring 943/4 YB. Exchequer. bills are heavy at 94. to
13s. premium. Bank .Stock has receded to 205% and 204%,
and the New Three-and-a-Quarter per Cents. have been
down to 963/4 1/2.
The Foreign Investments are heavy, as may be suppose&
Portuguese Flu. per Cents. have realised 48 to tt,r Ac-
coui,t ; Spanish Three per Cents. obtain 87% to 36% ;
Mexi,..an Bonds have been worth 27% ; and Br.tzilian,B4%.
Du eh Two and-a- Half per Cents. have been marked 60
to 601(4.
Io Rail Ly Shares anti Scrip there appears still to be very
I'l4, 100 i• at ion t do business, either Ca. p-cubltiwi or
the t. qu,:t ations are rather ca,kr in the m..jority
• t

BRITISH FENDS_ C/N E 'LOS( N
0.1.3.‘ WK. PRICE.;
... il6 ,tick ~ .. .. • . . .. • • 205.4 204% 2.,4%
;,,,,. ~,, Cent. Reduced Aimuiti, .. .. 9470 i 95 95
4•, Three-tuei-a-quarter per c'ent. AIWA. 9.;%!,i N 9614
~ ~, ‘ll,llit iv.. Exp:re fan, :,, Istil) .. IU 3 16 //i 10%
,• , c,,,,1,1,, 1,01)01. .. .. .. .. .. 16 16

u:,,icr 1.0001.
f:..• ();4.11,fig .

r.~ ~ ~~~

4 13 9 orm. 9
C! 1 13 13
3 pm. 13

EnnEvp.;
• : t 146 $l6
.. 27,9 •,714
1,1:0. it. rre.: • - • • • • 1'44 I,ls 16,4 i
Porlii-tivse You,' per ('eut .. 49 49
Ditto. for the Aceeinit 425% • 46%
:,itt.., Ilire..i.er 4 etli
--
Ditto. for t FP. Account • 37% 36% 3i%
Dividends in; the *hove pitytthle in 1.441i414+14
t)utch TWO-MO-a-Flail per cent .. 604 54 6034
Ditto. 4 per Cent. I 'ertitiertte* • . 92%34 92%
ttl'slNEsS
PRICES 4,1 e
PAID. DONE AT
111,WAY StLARP.-,. 01,.F; i i,t it
36
•liither., "Notting., Roston,

Easterii .1 wiction 254 .- • - IYB I 4
Birmingham and tilinicc,,ter.. ..100 —l2B 127;(2 ...... 127
Birmingham and Oxiord Junction 2 .... 2% •.. 2 L,4
Buckinghamshire .. 424. .. di..
Cilectonian .. 10 .... 10 t . • .... • • 978
i.tireci Nortt,ern 214....

Eastern Counties . 141. 105..... 2301,Fi ..... 23N
Ditto New .. 10/. p ...... 7ht
Du I'erpet.,s per Cent. No. 1.11/ 13s. 4d. ......
Ditto, ditto, .. .. No.::. 61. 13s. 4d. aH p.. • • .... 34 P
Ditto. York Extension •• 1%
East Lincolnshire 114 . . . .
_l4

Edinburgh and Glasgow 50 ..•• •• •• ••
Ditto 14 Shares .. . .. 10 .. %.. • •
Exeter, Yeovil, and Dorchester .. 2% .... 1% •• ••
Great North of England . —lOO ... 225 223. •• .... 223
Ditto, New .. .... 54% . 5414
Ditto, New .. . •• .• 16 •• •• • • •• 16
Great tVestern .5 ....141 .. ...... 141

Dltto. Halt Shares
Ditto, Fifths 31 .......... 31
Bull .eiby so_

„
incister and 'arlisie .. 40 . 541/4, 55 55
Leicester atiu lied ord 221..... 34 dis..• ills
Leicester, Tatriworth, &c. 428. •• .. • • %di .
Liverp., Manch.. & Nesse. Juliet. 234.... 1% 1%
London an Itirmingnam 00 ....2`25 ... .
Ditto Thirds . .. 24 .... •• • • ...... 62%
Ditto Quartets
Ditto Firths .• 2 .... 2' ...... 25
London anti Black wall .. 16/. 13s. 4d. 74,i 7%
London aqd Brighton 50 .. . 64%
London and Croydon . . 13/. 15s .•
Lot .don and South. Western 41/. 6s. 10d... 77 77
Ditto, New .. 17% .... 2814 . 28
London and York .......234.... 1% • . 1 %
Manchester and Leeds .. . 82 ....
Ditto, Quarters .. 2 .... 10 .......... 10
Manchester and • KJ rmi righam 40 ..
1 dß°, Quarter Shares (1f) .. 4 .... 13% •• • • ...... 135¢
Ditto, Quarter Shares (C) I .. • • 914 •••.. • • • •
Manchester, Buxton, & Matlock 425. •• • • % p.... •• • • % p
Midla'd ..100 —.149% •• • •
Ditto, New • .• .• 3714 • .... •• .. 371,4
Newcastle and Darlington Juliet. 25 .. • • ..
Ititto, New 9
Newcastle and lterwict .. 15 .. • . 2414 4
Newasi, Sheffield, and Boston .. 1% .• •
Norfolk „ „ „ .. 20 ••.. 25 .• ..... 2514
Ditto, Halt Shares • • • • • • 5 - •• • • ..... •• •
Ditto, Tenths .. .. 2 • • 2% .. •••• • • • 2%
Ditto, Extension . .. • • 2 •• • • •.••• • • • • • 144
Nortii British •• 22% •• • 294 • • .... • ... 294
Ditto, Halt Shares .. 8% .... 114 .......... 114
Ditto, Carlisle Extension .. 14 ....
North Kent and Direct Dover• ...
4':lttordshire 425. •• • • 34 p.. •• .. 35r p
.\ Wolverliinptn. 12% .... 8 .... • • •
- •• • .• t o-,‘
t” • • • • • , 3;4 .. • . 4% 14 ..
S - .1),1 •. .dls.•
•• 333‘...• 4014 .• 39%
. . ' • 16 .. 1ftk4....•••••• 19
P. %
, _ - 10 .... 13 .••••• • •• 13

Nvw (•!
Wtlcs

Vale oe Neat!:

17'4 • '• • •
• 216
••

And Carll,le .• 2,
lurit ,old North .Mikii,u.d ..
litho. Brznch .. 25
Ditto. E"xtoristri .. 15

Ext

no. E. ail.' W. Riding -• • 1 •• • .1114 .
101tEli1S RAILWAYS.

'4
Doyi, ram .• • • • • • • • • 24• •• • .... ...... 214
in; ',l*;.. volley .. • • • • • 2 ••• . . ..... ....
IN; c.- I;,,ni-1 .• •• . .. 6 .... —. .......... 7,,i
L.,:w.,?.in -t.':id JerneppO . • • . 4 •• • 10% ...... %
!..ixclr,hour2r I Y.
Ma,glritl :yid Valentin .. • . • • 2 .• .. 1 lig .. .. .. .. .. 116
\ alum :did Liege ~ • .. • • 6 ...• 3 .. • , .... 3
Northern of France Constituted.. 5 .... 1294 13 ...... 13%
Park and Lyons Constituted .. 5 .... 53404 ........ 514
Pari and Rouen .. • • • • .. 20 .... 363/: ••..• • • • 384 i
Paris and Strasbourg Constituted 5 .... 4%!q ... .... 414
Itrityni and I lasre
2f
West Flanders .. .. .. . 6 .... 314 .•••• • • :: 34Z

JOINT•TOCK BANKS.
London and Westminster .. .... 27 • .... •• • • 27
London Joint-Stock • • .. .. 10 .... • • ..... •• • 144

NIINEA.

rit3l 7,lonte, ritresrigfored

3N....

NEWCASTLE UPON-TYNE R ACES. —WEDwEs»sT.
Maiden Plate of AO sovs. ; three-yts-old, 7st. olb ; tour, in
51b; five, &v.. Bst 51;•.; mares and geldings allowed 31b.
Heats, once round and a distance.
Mr. Harrison's Lady Mallorie, 3yrs( Wintringham) 5 1 1
Mr. Scim'efild's Tommy Moore, 4 yrs
Mr. fby Inheritor, out of Sand's dam, 4 yrs 4 4 3
Mr. Robertson's Saladin. 3 Yrs
Mr. W. S,c^trir4 Highfield. 3 yrs 2 dr
Mr. Benson's Eleanor. 6 yr.
Revting-2 to 1 agst nighfirld, 3 to 1 agst. Lady Mallorie;
after the first heat, 2 to 1 agst. Lady Mallorie, and 3 to 1 agst
Tommy ore ; after the second heat, ..yen on Lady Alallorie.
The first heat won by a length, the second by a neck, and
the' third by a length.
Produce Stakes of 50 sons. each, h. ft.; for three yrs old colts
Bst 71b; fillies Bst 41b; 3lb allowed, &c. Two miles.

(5 Subs.) -
Sir C. 111,.nek's Vanish
Mr. Ramsay's Malcolm

Bettina-10 to 1 on Vanish, who took thy lead, was never
headed, and won in a canter.
The Northumberland Plate 200 as A's., added b. • H nei•
cip Sweepstakes of 25 s..vs. ea .11. 15 and 5 only if de-
&:.; the secomi to r,eeive 50 sots. out •of the
stakes, and the third to save his ,t,kes; the winner to

pay 25 s,v-. towards expenses Two miles. (194 Subs.,
70 of whom &aired.)
Lord Eglintores Dolo• 3 yr., 60 51b ..............(Prince). 1
Mr. Wii.es.-.nr, 3 yrs, Bst 6lh

-
Mr. Stephenson's Sheraton, 3 yr.
Mr. St. Paul's Te!etnachu., h yr. ist 91b ..... 4

The fol!owingalso ran :—Sir C. Monck'a Colonel
Cradock's Pagan, Mr. o',;rien'a Mentor, Mr Barnsav's Mid-
lothiqn, Mr. Standigh's Li-t.e H imreon. Mr. H. Julinonne's
The Roper's Daughter, Mr Ki chiug'a Lucy, Mr. M:,i1,1 un's
The Druid, Mr. Cooksen's Fair Star, Ind Mr. J. Scott's Cu-
riosity.

Bettintx-7 to '2 M Any, 9 f 2 agst Whe;our, 7to 1
nzst Telem-whNs, lU t,. 1 agst Curiosi:v. to 1 ago 1)01(
13 to 1 ag-t Fair Sta'. 13 to 1 agst Lory, 6to 1 each agst
Pavan and Glossy, a, d 18 to 1 a,st S! eraton.

Itern,d;ately er qarting F.-ir Star rus, dto the front,
closely followed he Wioe,our, Mentor, and Liu y, and the
other. well up. Fair Star continued to le id it, til nue- round.
ina the Newcastle Turn, where it was taker, up by Winemr,
who was. oined by Little Ham ton, The Druid, and Mentor,
and the topr turned the corner neatly atm....Qt. Dol lying
behind them. A fine race then enstt-d till half way up the
distance, where D ,lo went to the fry nt. kept there to he
finish. and won cleverly by threo trats t f a length ; a neck
separating the a, (arid, th,rd, and fourth. Lury slipped in
er the flat, and threw her jockey. Run in three
mi,tites fiwry tive secon,F,.
Free Ila•:dicap of 10 sous. eac',. with 50 ,ideil; the cond
to .:vo his ill,: claimer. "i a nil e. 14 Subs )
L r l Stradi, • yrs ('' l',:iwartis) 1.
Nlr. M. Da,vs.,a'. Ainqt•,. 7, yrs .... 2
Nlr.)l Barba, a Y,41-:•....4 • • .

f .cart d, enn 1,, .red.---i.,o,,nclGa-
d,wk'- .t, Sir C. F •tery, .k:nis,r,iit.es
9nll 17r. Fox's rsalm irnzP _ _

Bettin.;.-2 to lon Evenns, sto I age-. 4 R.:;11, singer, 7 t I
agst Flaqem. and 10 I g 4
Ev,mis took t/1 le id. stained it ,warly all the way, and
won easily !Iv

'rho Gramt S tf 13 som 10 ft, wish 7,0
• • : t ..o 121!): Itt*re, Rs' 1111); fillies 11,41
• gs all •wed 3!1); th. e.-ond to sa‘,' bt.= mtake. Half

(7 S
AT r's o rwell. 2 vr, (14-4:-.14-toff ) 1
M". er't, n, liv 0. Noos• nut . f (keen of

. -
(;1112: 'A 1a.!:. 2
Tlie t-ill.nviotz w re not ni:o.od :—l.ord S aulgy% Tour 4,0
Force, Captain P ris' laAwl', N0.,1, Mr II hod 11,1 Eunice.
and Mr. Br.,ok'A Lutnii.,o.o.

Bering-6 to 4 ,igst M of Motherwell. 2to 1 t the
Gitnel fill, and 3 to 1 opt Tour d.
A good race, won to a rvek.
11,r MljPAty's Plate of 100 L:uineas: t' ree yrsold 7t 21b,

.
four 9st 21K five lOst. six and aged 104 591.. Three miles
Mr. 11,mr.ey's liglewood. 3 yrs ( Dufflo) 1
Mr. J• hnstone's-Brothsr to Sir Henry, 3 yrs
Mr. Arrow-mith's TrActarian, 3 yrs—. 3
The following also started. bait were not nla,ed : Mr.
Joh,son's c. by Jerry. 3 vrs ; Mr. D.awson's Pleasure Trip,
3 yrs; and Mr. Yea's Little .14ck Horner, 3 yr..
Betting-6 to 4on Brother to Sir Henry. Won by about
a length ; an excellent race for second.
....