The Sun.
London, England, 1851-02-21 00:00:00

TALLOW.—This afternoon the public sales of Tallow went
at bare.), previous rates ; s'" eke Sydney at 37s 6d for Sheep.
and Ox 35s 6tl; rt,t AtnericAn was offered.
OlLS.—ibis afternoon at public sale 131 tuns Southern and
No:ttl-west Coast Witai,:! Oii sold at "9/ lOs to 32/: 30 tun,a
Seat Oil pale 321; tinged and straw 301 to 311; 25 boxes of
Refined Spernmeti is 1134 d; 15d pkgs Cocoa Nut PartlY
sold at 2.0/ lOs to 311 for Ceylon and Cochin.

BANK• OF ENGLAND.
(From this night's Gazette.)
An Account, pursuant to the Act 7th and Bth of Victoria, cap. 32.9 r
the Week ending on Saturday, the 15th day of February. 1851'

1841:1E DEPARTMENT.
Notes i55ued........ 27,758,220

10t5h1e.r securities •• • • 2,984'90"
.e.
Government debt ..
the 20:h day of February, silver bullion • • ...• 29,661
Gold coin And bullion 13,728,553
127,758,220 I £27,758,220
Dated M. MARSHALL, Chief Cashier.
BANKINU DEPAZTMEN T. L

X.
Proprietors'capital .. 14,553,000
Rest . .••• • • • • 3,326,780
Public deposits (in-
cluding Exchequer,
Commissioners of
National Debt, Say-
lngs-bimk s, and Di-
vidend accounts) .. 7,161,434
Ot-i,r deposits • ... • • 9,423,679
Seven day and other

Government securi-
ties (including Dead
Weight Annuity) .• 14,145,999
Other securities •• • 118,361
Notes •—• •••• „ „ •• 8,84/,895
Gold and silver coin • • 715,261

Bills.• :• •••• •• •• 1,129,2L,0

—...------"
A 35,591,233
M. MARSIHALL, Chief Cashier.
1851.

£35,597,233

Dated the 20th day of February,

COURSE OF EXCI-1
Amst•_rc!an, ......••..it 16

NGE.-(THIS DAY•)

iGthraltatr.• •• •• •• •• •• •• 30 60

ti reemontha— 11 17%
• • .. • • 1l 17
25 30
linmels • • •• . 25 30
Clarabargh •• •• e • ALB. 13 7
Paris, 3 rkys'3lKht .. • • 25 5

Leghorn
qer.ots 26 60
%Ulan •.............

Venice •••• " • • • 41%
N'apleA •••• • • " 125
ermo, peroz.. ••• • •• iv%
Yleseina . • • • • • " 63%

Ditto, 3 months .... 25 27
M-zseilleb 25 30
.
Frankforton 118%
Pierlin— .. • • . • • • . •• •
Vienna, elTec. •..• 12 56
Trieste, ditto.... '•... .. 12 56
Petersinugh,Sil.Rble-. 37%
Madrid • • .. •• ........ 50
Cadiz •• .• •• •• •• •• ••
Barcelona •• ........
sovilla.,„•••.•• ••

Lisbon. •baSy
0p0rt0.... •• •• .• •• ••
'.f> Janeiro •• •• •• •• ••
nuenos Ayres ••••• • •• --
Now York,6odayesight "
Philadelphia •• •• •• **•
micas or BULLION, PE>~9
Foreign Gold in bars••4lo7 3, a
Pc)rtitgal Gold Coin •• 0
Spfinish Doubloons • • un 4 lig
New Dollars •• •• •• 0
driver ILI bare •• •• •• °

IMPERIAL PARLIAMENT•

110 C. IS.E OF COMMONS, Feb. 20.
LAW OF PARTNERSHIP. Third
Mr. SLANEY (en continuation from our -
Edition of las, night) proceeded to say b• oh be
tour points with regard to this question to w- 1 one
a ould direct attention. The first was, that every
ita.
connected with land through coeveyences, lotto, %rar
provernents, was leaded with legal chicanery, i° c than
quence of which they had to pay one-fourth WI laud
tney ought. It had bees: shown that the value °ration
was depreciated by five years' purchase, by the 011%-tesd
oi these heavy impediments and expenses, andelaings •
of ataining lotus at 4 per cent., if :his state 01 • t.
did not exist, the) might obtain them at Per clurea
they adOpted the plan of changing loans into deben
to pass from baud to hand, they could get stoney
~, GO'
—There were
per cent., which ought to have been adopted by t". ur-
vernmeet when they advanced money for clrainatoPa of
poses. This was the first fester on the accumulate osis
capital. Ile came to the second bead of his prop
oo
thin. if stay public improvement took place in aka or
or particular locality, such as a bridge, gas worrtai of
any pre jest which parti.ok of the combined qn6 b °e"
public benefit and private advantage, it would
we
works
cesssry for the parties engaged in any of these a the'''. • •
to come to that House and obtain a Bill before the'
could proceed. Why was not an Act passed biteould
Enclosure Act, by which these improvement and
be csrried out under certain regulationment
thereby making it unnecessary to come to park to Of
on these matters?—(Hear, hear.) He DOW "ID, °bora
third head. There were persons amongst the Jita
and working classes who were anxious to ba
bt
portunity of applying their savings in a way teas,as 0.1 '
be useful to them, but who, owing to the presen„' 'begs
the law, were unable to do so. What he asked deed
men was fair play, and nothing more. If °neer; per' 'P./
men clubbed their money toether fur benefi'llfo turn '
poses, it was only necessary for one of these trie°,ooat of
restive, to throw the whole affair into the the
Chancery; and the House were too well awaarc teal
aa
peculiar character of that court to have Any desire ower.
persona should be wantonly placed within itso! ay be 5.•
All that was asked for persons situated in tilos
stated, was, to give them the advantage of tuaethe power
e
plicsble to benefit societies, and to give tbe,T;roistee
of suing, and of being liable to sued. The
last year decided in favour of this prinuiPlae:A be had
came to the special object of the motion of '7,,-rtb bee'.
given notice, and that brought him to the LI) 07- of p°l4"
of his proposition, which related to the ff aPerbcil
nership. By the existing law of parinerslP,P't be was
;
advanced a shilling to carrying out an ob.lee';'„ae of 016
liable, in the words of Lord Eldon, to be dell:: law wan
last shilling and last 'acre. The effect of t'll- sneeo/0-
to restrain local enterprise, and foster distant
prom
tion, However a person might desire to s fross
good work in his neighbourhood, he was deterareaaid be'
lending his aid to it, lest his whole property 6rahilar
sacrificed by his frills to promote the cause °' r over,
theopy.—(Hear, hear.) The Government had, belvarlie,
the power to grant charters in respect to various
sand
and thus save the parties engaged in them from Per ia
liabiltty. But there was gri at difficulty and e%Pe:odel
reference to these charters. In the case of tb° Zr, to
lodging-houses, it, because necessary to have a ebaris—io its
save personal liability; but it cost 1,0001. 19-e:ier the I
Safely this was too large an amount to pa per'
privilege of securing one against wade th•
sibility of his benevolence being .Of last year'
instrument of his ruin. The Committee °` should be'
recornme tide d that increased facilities -
charters,--...
afforded as regarded the obtaining of those s
(Hear, hear.) He now („oio to the greaty t the'
limited liability. Tee want of this iogrethenatber for
law of partnership prevented persona joiuitig tone ao ease-
any
useful purpose, lest by doing so.they shoulun`cietta
jeer individually to all the consequences of the til late ing. The Honourable Gentleman cited the !ea, the,
Youlett Thomson and Mr. Stewart Milne, to shoes' or
propriety of altering the law as regarded the s,tl ant
limited liability. No cautious man would Lion root
undertaking so long as the law existed in its 480°
form, while it was shown that the law did not
_at de'
to preveN speculations of the most extraffig° to i 0"
uestion
scription. He only asked for a Committee aid
etal
quire into this subject. In Italy, France, 11°118a to be.
America, the principle was acted on, and toun seise;
beneficial. He begged leave to move that Bartaer-
Committee be appointed to consider the law 'Ji ,00
ship, and a proposed 'limitation of- liability, withaat err
to encourage useful enterprise, and the additlos•
ployment of labour. _
Mr. EWART seconded the motion.
tertirs.ofLtAhr
mtiotCiulln,EsßaEid htahvaitngthreeifinerproerdtatnottabne;o:Pripueedb;
controverted subject to which it referredr.;ostioP.
amongst ether things, a matter of serious comit'eausa.
before, the Committee obtained by the Hon. Getlhe por
last year; arid the object of his Hon. Friend on the Aso
sent occasion was, that the Committee which hi sr-
now movieg'for should have this question brotllzd aeall;
cia.lay before them. His Hon. Friend had referee
heritie s on the que
commercialstion wtrearnesraeoferlto°:
thornies iu support of the views which be ante% ter It
but if the ato
would be found that they had expreseedahe faacas eitigo°'
site opinion as regarded the policy of intl.-131'S Wi"-n
limited liability into
other countries, where ;
true that , this limited liability _was: Le •°
tn
ato
gt
e. as
Reuxtt extensive tions
country like were
Partnership traneactiona*i'ioa
and the principle had been acted upon otigal".
to ,be taken, lest the principle in
ours. great ci1.71/.ct i
,biC.
if
upon., should lead to convulsions in. tract° -worn,v
it .did, would prove most iejurnius to 6,11, his it"
'classes, to benefit whom was the object srbll, opio;dl3.
Friend had in view. But while be expresoe",ii matt
that any sweeping alteration of the laW .•••-• ts;
should be undertaken with great care, be did illircit°°
same time mean to say that the law as reardedasetag7
liability
.may not be altered and modified with itaaietaave:s
and he therefore had no objeetion to the °Prod. .1"--e•
of the Commtee asked for by
in doing so he wished that Hon. Gentlemen, w_ ofoasof
question, a
ing upon the inquiry, would do so n ri
s' bepo
re
tao
00
co
e:te
manner, and with a full knowledge of the ileffor.) be
the question which they had to consider.—( can of -
believed that under the existing system noPlartenilone
wed in legitimate speculation with a fair oPeP "
an adequate return for the money ernaloYe".. Vriefat
teased lee doubted the soundness of his 11°' eastb ,i1"„7
views when he suggested facilities for 01%
the working classes to expend theist, accurate
in speculations. He thought that the de in
for those savings was to be founa" ps'a)
savings banks or in the Government fund r, Sigietie
tautly coincided with the Hon. Gentleman from ion
that a very great advantage would orfgain;ca-aeis taluase-ry
motion relative to the working classes, ow-la'''. that e'eae
to the co-operative societies, he considered 0 to ter," a,
encouragement should be given to them, s° %aid 611°01
every obstacle, and that the Legislature 5-1 .oagnie_a
them every privilege for the exercise of their )--ceede°
ru
and their good *ease, so tar as their exertions PflOell
for the advancement of their own welfere.,
again by
stiai;
thought it e(cessary to guard the House egaaeo bf boa
posing that he agreed inall the statements Leon ja off
certin' Ja.hicll
Hon. Friend on the sub jr ct; but he should
armittee
no opposition to the appointment of the Co---bspa allowo
was proposed. His Hon. Friend would Pe,r ao Pro
him to suggest, that, instead of the words war _f
posed ]imitation of liability," he s',ould asap
" and the expediency of facilitating fb° ji
liability." action, sfy
Mr. SLANEY having agreed to this sugg .aaficti
The motion, as thus amended, lees
adopted.

ELECTIVE FRANCHISE.
Mr. LOCKE KING then rose to move for
leave t°
bring in a Bill to make the franchise in counties in Pg.
land and Wales the same as that in borougbv, brgi:einbge
the right of voting to all occupiers of tenements 0, the
annual value cf 101. He said that, in again
ag
leave of the Hou,,e to introduce a Bill ou the suvJe_,—.llo,,
the frarrchi,,e, he was happy to think that he bna -
good fortune to have overcome the chief, he Wight 61121
the only difficulty, which lay in the way of the at'verf;
sari
agreeing to his motion last session. It was t_l7l,
d that Bri!s of this kind ought to be brought in lea d
in the session; that to lay Bills en the table• aGd leaand
them there, with no intention of taking them uP
apd
`t
going on with them, was trifling with the subject;
that at all events- the lateness-of the. season. was, at