The Sun.
London, England, 1851-05-22 00:00:00

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leave their claims of debts before JOSEPH HUMPAUY, 'ctl''' / ! I •-0 ' .0,4*---,zwi:•.-.--: . .„ _ 1
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agent residirga
reposed great CI
Green died, 11
will to that 09'
ad the prisoner:
to make soto?i:
3tly returned i‘'
r, and the prisoo
no interest in
red the will frol
le suspected 0,
ieltnam, I
with the prisoo
when he said:l
lers at Lew isl3o
mssession of 311
:ery-lane, and
She opiate:
into oustodb s°

alupton-bulidin-gs, Cliancery-lne, London ; and are on the 11
c?f. July, 1851, to establish such claims before the said Master, or in
default thereof, such persons will be peremptorily excluded the bone-
'lt of the said Decree, and the General Orders of the said Court•
J. H. VAUGHAN, Plaintiff's Solicitor,
12, Porteus-road, Paddington.

MA , 185.
N°. Y'2 2 1
185303.] LONDON, THURSDAY e
r , 717 •
41 '1- 444
7

[PRICE SD.

GREAT WESTERN RAILNITAY.
CHEAP EXCURSIONS.
,„O_Pen Excursion Carriages will be attached on week days to the
'u .30 A.M. and the 3.30 p.m. down trains from Paddington to Wind-
sor, calling at intermediate Statitms ; and to the up trains leaving
Windsor at 7.20 P.M. and 9.45 P.M.
011 Sundays, the Open Excursion Carriages will be attached to
the 9 A.M. and 9.45 A.M., and 3 P.M. trains from Paddington; and the
,
5 P.M. and 6.35 P.M. and 9.45 P.M. up trains from Windsor to
Paddington.
Fares to Windsor and Back, in Open Carriages, 2s.
Paddington Station, Ist May, 1851.

0 FFICIAL CATALOGUES.
Advertisements intended for the Second Edition of 100,00
Copies should be sent to the Contractors immeiiately.
SPICER BROTHERS, Whoiesa a Stationers.
WM. CLOWES and SONS, Printers.
29, New Bridge-street, Blackfriars, and at Hyde-park.

PERIODICAL PANIC the INEVITABLE
CONSEQUENCE of our COMMERCIAL
LEGISLA7'ION.
(From the Liverpool Standard of May 20.)
Yesterday, at one o'clock, according to the an-
nouncement, Mr. Jonathan Duncan addressed the
merchants of Liverpool upon the above subject at the
Cotton sales Room ; and, notwithstanding its being
one of the busiest parts of the day, and the excite-
ment which prevailed in the Cotton Market owing to
the arrival of the Asia, mail steamer, from New York,
late on Saturday evening, a numerous and influential
meeting attended, composed of members of the leading
mercantile firms in this port. Francis Shand, Esq.,
was in the chair, and among the gentlemen present
we noticed T. A. Bushby, J. M. Braga, Jas. Ryder,
W. S. Colebourn, H. Littledale, J. Torr, Chas.
Robertson, W. Watson, S. Boult, C. Logan, Jos.
Brereton, S. W. Shand, Isaac Buchanan, Hender-
son, Jas. Harvey, Thos. Smith, Henry Wood, J.
Highfield, W. Ile Wylie, Robt. Procter, F. Forster,
T. B. Grinston, J. Bingham, Vienna, E. Jones,
V. Higgins, H. J. Hampshire, P. Witherby, F.
Pennington, J. H. Holderness, S. Rickman, J. 0.
Johnson, Jno. Faram, C. E. Rawlins, jun., R. Duck-
worth, F. P. Sleddon, H. Grazebrook, jun., J. Dorn-
ing, jun., Deis.
Mr. STAND, on taking the chair, said be was always
very happy to preside over the intelligent gentlemen
who met in Liverpool on such occasions, and it gave
him great pleasure in introducing a subject which he
was sure must be of so much interest as a lecture
on currency, in reference to the e.-entsoversy be-
tween protection and free trade. At the present
time, when, notwithstanding the alleged prosperity
of the country, Government seemed incapable
of getting on or doing anything, it was of importance
that the great commercial world should be decided,
not only on what was best in relation to this particular
subject, but also as to the party who should carry out
that which was right. He would not detain them, as
he knew that their time was of as much importance
as currency itself—(A laugh)—but would leave Mr.
Duncan to speak for himself on the subject.
Mr. DuNcAN began by saying that it might ap-
pear extremely presumptuous in him, who had no
practical knowledge either of agriculture, of shipping,
or of commerce to present himself before gentlemen
who were so well versed in everything that relates to
the trade of this great empire, but it did so happen in
the history of the world that men who had passed
their lives in leisure, devoted to particular subjects,
alighted upon principles which in the hurry of busi-
ness escaped the practical man.—(Applause.)
He
had no political object to serve, nor had he to utter a
single sentiment having a political character. He
had nothing to do with Wbigs, Tories, or Radicals;
he merely wished to present views before that audi-
ence, in order, if possible, to solve some of the difficult
industrial problems which were now in a state of con-
fusion through the antagonistic principles of what
were called free trade arid protection ; and the neces-
sity for doing so was the more important, since it
was well-known that the next general election,
which was not far off, would in a great degree
determine the future prospects not only of agricul-
ture but of commerce, not only of the people of this
country, but of all the people connected with our
very extended colonies.—(Hear.) Now he thought
that the very first reason that could be assigned why
this question should be re-opened and re-discussed
was, that all the promises and all the expectations of
the Free-trade party had been completely falsified.
[This Mr. Duncan showed by the fluctuations in the
value of wheat since the repeal of the corn-laws,
which we were told were to give steadiness of price.]
The quantities of corn which could he produced by
foreign countries had also been over-rated. The
trade, he said, which we now had, under the name of
free-trade, was no such thing in reality—(Hear)—it
was nothing but a system of free imports. After il-
lustrating this and other general principles, Mr.
Duncan then came to the immediate subject of his
lecture. He said—As to the currency, had the people
of Manchester really and truly understood the mone-
tary question—of which they knew nothing—(A
laugh)—and never did know anything—but had they
rightly understood the principle of money, they never
could have entertained the views which they now held,
of the destruction of British agriculture, and of the
destruction of colonial prosperity. They could see
that there wits something wrong in the monetary
system, but i eatead of attributing the evil to legis-
lation, they attributed it most wrongfully to the Bank
of England. Now the proper way to deal with this
question, and the fairest way, was to allow Manchester
to speak for itself. He bad before him the report of
the Chamber of Commerce.of that town, dated 12th
of December, 1839, in which they endeavoured to
account for tiie enormous losses which they had sus-
tained, those losses amounting, in one y ear, to forty
millions of property. Mr. J. B. Smith was chairman
on that day ; and in opening the business he said—
,:
)11m isslts
iegscasotimeo
dne
toa
xof v
ate
htrieo
nt
bh;
lee
but
suc
iotnugtnaht
ereyef,
" At that time resolutions were adopted by the Cham-
ber
while
h awtet
hh easci,
been in
i ntghse
peace, ample :harvests, and
resolved that they wore unable to find a rational cause
for this adversity amid these blessings. The recurrence
of another period of distress so soon after the last has
naturally directed the attention of this board to the
causes of those sudden panics which were paralysing
trade, suspending our commerce, and bringing distress
upon the whole community; and the directors might, as
their predecessors had done, resolve that they were un-
able to find any rational cause for the recurrence of such
adversity. Bat they felt that it would be departing from
their duty if they took such a course. They found there
were causes, and that these causes were the erroneous,
management of the currency by the Bank of England."
ne
fxmi
indebted
cdsipr3eaeb6r
ttatehhgdaernta
sopft hoot
four
wkre
mhowifi col
bullion
ulodl
iseou;
np‘vwiwouldhnaitrlhsd whilst
Now that was the charge they brought, and how the
se
Ban
itd
wa's
Bank operated to produce those disastrous effects
read :
wasat tk:.eesxohswp:lmdaariednf
as:ilditmehni
een,teotilhtoi
of thirty millions for its circulation and deposits. The
directors now deermiried to cheek the drain upon their
coffers, and to increase, their stock of bullion on hand.
It had been stated, upon the authority of the Bank di-
rectory, in a memo'ragum presented to the Committee
of the house of Coninions in 1832, that supply of gold
can be procured from abroad only by reduced prices of
commodities; in other words, at the expense of the ma•
nufacturing and mercantile itthiteerveasltuse; and
eotmhernoodhijteiecst
205 f
on the part of the Bank directors
advancing the rate of interest, in two months, from 4 to
5 per cent., to which we have alluded, was undoubtedle
i retafhrnaa bgarreoatapudha,l
advance t chriesa,
in
nhdattah
per
caused,'eirt hcethnet vtio7qh iiistoostettetphe words of Mr. Horaley Palmer in
his pamphlet, "_atimoral apprehension in all prudent
value of money. 'ln other words, it caused a panic."
la;:fstu lomf ttih:aci
gonrifigcoaldutcould be procured from abroad only by
sTuhpep lsyi
the reduced price of commodities. Well, the
emffiencdts tmhaotretheproesirp
Bank of England had to get these quantities
of gold from abroad and of course con-
tracted the issue of their notes ; that suspended
trade ; the price of all commodities fell, and when
they fell to 30, 40, or 50 per cent. below the cost of
production, the foreigner was tempted by the bargain
he could make to return the abstracted metal. But
in the meantime 'Manchester suffered, and suffered, as
she says, to the extent of forty millions. Now, the
quarrel was with the Bank of England, and that the
Bank of England when prices were high would not
keep accomo latiog the merchants. Had the Bank of
England done so in the first place, it would have been
bankrupt, and in the next piece, it would have acted
in defiance of Acts of Parliament. The Act of 1819
was stringent, and it insists that the Bank of England
for every note which she shall issue, must have gold.
was
The price of coined gold , fixed, but there was a
tendency in all other commodities to rise above that
level. Whenever that happens, the price of commo-
dities becomes dearer than gold, and the consequence
was, that the foreigner takes away the cheap gold, and
leaves the dear goods in our warehouses. Now,
although the price of gold in our coinage was fixed,
everybody was well aware that the price of bullion or
raw ore was not fixed. It fluctuates like other
commodities; but immediately the Mint stamp
was put upon it, then its price was fixed. He
should state an argument by Mr. Cobden, borrowed
from Mr. James Wilson, with the view of showing
its complete fallacy ; and then he should
ask those present, if they were Free Traders, to be
consistent, and be Free Traders in all commodities cir-
culated between man and man. In other words, if
there were to be free trade in goods, let there be in
money.—(Applause.) Now, Mr. Cobden says—
" Take, a definite quantity of wheat—call it a quarter
—divide it into eight equal parts, and call them
bushels ; here is no fixing of price, but merely a
question of weight and division., ' So far lie agreed
with him. " Now, take the parallel. Take a quan-
tity of gold—call it an ounce—divide it into four,
and all each a sovereign ; here, he said again, there
was nothing but the process o4weight or division."
But here was his fallacy. No money value was put
upon the quarter of wheat or the bushel, but in gold
a money denomination was put upon the ounce, and
the- law says that 123 grains of gold shall always
pass for 205.—(Hear.) Nov', putting a money de-
nomination upon a commodity, necessarily fixed the
price of that commodity, whether it was a bale of
cotton or a quarter of wheat. Now, Mr. Cobden
had objected to put any money denomination upon
wheat ; he let it find its market value ; and by a

parity of reasoning, he (the lecturer) asked
him, if he were a Free Trader, to 1,..1 the
commodity, gold, find its level also.—(Applause.)
He, and those who thought with him, had
no objection that the sovereign should weigh 123
grains, and that the quarter loaf should weigh 41bs. ;
but since we did not put a definite price upon the
41bs. of ground wheat, neither should we put a de-
finite price upon the 123 grAins of gold which con-
stitute the sovereign. Now, versed as his audience
were in business, he would ask them if they ever
looked into the price current to ascertain the price of
123 grains of gold embodied. in a sovereign ?—(A
laugh.) They knew very well that it would always
pass. Let there be only 1,000 ounces of gold or five
millions in the Bank of England, 124 grains was al-
ways a sovereign. Not so with other commodities.
When a foreigner comes here and finds the price of
wheat 70s. or 80s. per quarter, he would sell his
wheat at that high rate ; but when he looks around
the market and asks what is the price of

only when the country was exposed to anarchy and
revolution that the nefarious Bill of Peel's passedlB44, was suspended. The Bill of 1844 had gone on
smoothly enough until it was tried ;—like a new
boiler which looked well, but, so soon as tried by
steam burst, spreading devastation around. This
Bill was looked upon by Peel, and those who followed
him, as a grand measure of wisdom ; but in three
years it was a failure, and what did Government do
then ? It did an act unparalleled in baseness.
There never was in the history of the world such an
usurious bargain between the First Lord of a Tree-
e cent. i
:Airy and a bank establishment. They said to the
Bank of England, "We hold you harmless against
that the
of
Eglviolating the Act of Parliament, but dont lend any
money unless you get eight per dent. ; and recollect
eight
ment, shall go shares in the transaction." It should be
borne p
in rmind h
a joint-stock company, and there never was a more
profitn;wa
ne
d, the
was G
so::ly
rpn-
disgraceful compact made.---(Applause.) Mr. Dun-
can next treated of the " convertibility" of bank notes,
showing that exchangeable would be a better term,
for, if a currency would not exchange for goods, it
ceased to be a currency. He and those who thought
with him were not such blockheads as to say that
they would advocate an inconvertible currency ; it
was a contradiction of terms; but they said this, that
the note should be converted into gold, not at 'an ar-
bitrary fixed price, fixed by Act of Parliament, in
defiance of every principle of free trade, but that it
should be exchangeable into gold at market price of
gold on the day when the exchange tools place.—
(Applause.) Mr. Duncan said he was sorry to detain
the company, but he felt that it was not sufficient to
point out the defect without shadowing forth a remedy.
He should be happy if encouraged to go into the
question some other day; but would now endeavour
in a few words to show what he meant by a reformed
currency. Oar currency now was altogether based on
a contradiction. In the first place, by the Act of 1844
the Bank of England was permitted to issue eleven
millions of absolute inconvertible paper upon a debt
due the Bank of England by the Government, and three
millions more upon floating Exchequer-bills, making
altogether fourteen millions of notes, which might be
issued upon the strength of a debt without any
metallic basis whatever. Then the country banks
were permitted to issue eight millions of inconvertible
notes ; then six millions were in like manner granted
to the Irish and three to the Scotch banks. These
altogether made thirty-one millions of inconvertible
paper, without any metallic basis whatever. Then if
the Bank of England had ten millions in its cellars,
it was permitted to issue notes to that amount ; if it
had nine millions, the issue must be contracted ac-
cordingly. Thus it would be seen that the major
part of the issues are inconvertible, and not upon a
metallic basis ; the minor part was ; and therefore
Peel's system was absolutely worthless, since it was
devoid of harmony and beauty in its proportions.
Now what did he, and those who thought with
him, propose instead of this ? They said the
wealth of the country in round numbers was six
thousand millions , it might be seven or eight—he
would not quarrel about that. That was national
property, and it was the basis for issuing the re-
presentative of value. Mr. Duncan then went on
to show that, by a judicious system of paper money,
the annual taxation of the country, amounting
to fifty millions, could be most efficiently met. He
proposed that when Government took a vote for mone3,
they should merely take th 9 privilege of issuing fifty
million 1/. notes ; these would go into circulation, be
returned in the shape of taxes, cancelled, and fresh
ones sent out. Government, he showed, stood to the
country both in the position of a debtor and a cre-
ditor. Now, did any one think there was any
novelty in this ? Not at all. They were in the habit
of performing the same operation every day of their
lives, but they wets doing it on a minor scale.—(Hear,
hear.) What was a postage stamp, but one of these
instruments ?—(Hear, and applause.) here was not
any one who refused to give a sovereig gold for
240 penny stamps, but they had not in themselves any
value. What was the consequence ? The Post-office
revenue, which was two millions, might be collected
in postage stamps; but if symbolic money of this
kind could raise two millions, why not five, eight,
fifty millions. It had been well observed by a gentle-
man whom he saw present in the audience, what a
bungling system it would be if they went by Mr.
Jones Loyd, stick with some sort of seal upon it a
penny piece into the Post-office along with a letter.
—(Laughter.) Then they came tollthe question of the
money of commerce. With the money of commerce
the Government had no right to interfere whatever.
—(Loud applause.) Mr. Duncan lucidly enforced
this position, and said, that he and those who thought
with him wanted to make banks more secure
than they had ever been made by any bullionist.
They proposed that parties wishing to establish a
bank should offer securities to Government, with a
power of sale, and then be permitt7cl to issue notes
to one-half or two-thirds of the amount of the pro-
perty so deposited .—(Applause.) Was not this
much better than the present system ; for now we
did not know whether a banking concern was solvent
or not. In case of disaster through bad manage-
ment, it was clear that the holders of the notes of a
bank so constituted would have 20s. in the pound
available at the Treasury.—(Applause.) Mr. Dun-
can concluded by showing, that if the question was
to be decided by the authority of names, there were
only two who could be quoted in favour of the pre-
sent state of things—that was Mr. Jones (Loyd and
Sir Robert Peel : while, on the other hand, he could
quote 150 names of eminent men in ancient and
modern times who had been in favour of a symbolic
currency. He quoted from several historians to
show that the dissolution of the Roman empire was
caused by metallic money, and dependence ut on
foreigners for a supply of food, and almost all the
ancient as well as modern authorities, including Adam
Smith, bad condemned metallic money in the
strongest terms.
Tne lecture was listened to throughout with great
attention, and portions of it, especially the references
of the lecturer to the past monetary crisis, were
warmly applauded. The suggestion as to giving free
liberty of import to articles of produce, not raised in
this country, was also most favourably received. Con-
sidering, indeed, the peculiar position of our market
for our leading raw materials, and the cares which it
was calculated to excite in the minds of the fre-
quenters of our Exchange, the attet dance was much
more numerous and influential than could have been
anticipated. At the conclusion of the lecture, after
Mr. Duncan had expressed his readiness, if an oppor-
tunity offered, to go more into details as to his plans
than time had allowed him,
Mr. Toast, of the firm of Messrs. Littledale and
Co., rose to move a vote of thanks to Mr. Duns.
He said he was sure they would agree with bin]
they had all been informed upon a subject on whicht
they wanted information ; and that they were greatly
obliged to Mr. Duncan for giving then the lecture.
heard
Ail, he thought, would agree that they had
facts, and having done so, he trusted they would use
their best exertions to rid themselves of the iron chain
which now fettered and rendered hazardous commer-
lie moved a vote
cial operations.—(Loud applause.)
of thanks to Mr. Duncan.
Mr. FOSTER (Mann, Foster, and C 0.,) seconded the
motion, which was carried by acclamation, and the
meeting broke up.

va con6rmat4

that be was nol
If he chose to,
n in writing soo

Foucault's Recent Experiment, Demonstrating the Rotation of tile
Earth, is shown Mornings and Evenings at the
OYA PO L YTECHN IC EN STIT OTION.
Important Deposits by the Gas-fitters' Association, illustrat-
ing the econcanical application of Gas for Cooking and various other
purposes.—Lecture by Frederick Chatterton, Esq., on the History
of the Harp, from the time of the Egyptians, with Vocal Selections
by Miss Blanche lounge, R.A. of Music, and illustrated by Drawings
of the Harps of various Nations.—Lectures by J. 11. Pepper, Esq., on
Chemistry, with brilliant experiments ; and on Natural Philosophy by
Dr. Bachboffner.—Two splendid Series of Dissolving Views : —One
lllustratint the Holy Land, painted by Charles Smith, Esq., &c., &c.
Open every morning and evening.—Admission, Is.; Schools,
Half-price.

og statement, in

EPSOM R ACE S.
OAKS DAY—TO-MORROW, FRIDAY, MAY 23
A SPECIAL TRAIN will leave the London-bridge Station at
-.-past One o'clock, arriving at Epsom In time for the Race.
Brighton Railway Terminus,
SLIGHT Secretary.
May 22, 1851.

he attendance a

ee r
5, imp:- msk
,i,
i Caroltne, 0
r, 212 IC, under

GREAT REDUCTION OF FARES-RETURN TICKETS issued to
Havre, Boulogne, Calais, Newcastle, Yarmouth, Margate, and
Ramsgate, at One Fare and a Half.
THE GENERAL STEAM NAVIGATION
COMPANY'S splendid and powerful first-class Steam-ships
are appointed to leave from off
St. Katherine's Steam Wharf London, for-
, IjAIIBURGII (carrying her Majesty's mails), every Tuesday and
n'day evenings. Chief cabin, 3/. ; Fore, 2/.
ROTTERDAM and the RHINE (carrying her Majesty's mails),
every
Wednesday and Saturday at Ten Morning. Chief cabin,
,;1138.; Fore, 17s. Gd. Return Tickets, 2/. 55., or U. Gs. Gd. The
,r,u
'NCORDIA, Saturday.
Wednesday
in Ten hours. BRUSSELS and the RHINE.-Every
wednesday and Saturday Mornings. Chief Cabin, 15s. ; Fore, 12$.
Mai' 24, at Seven; 28, at Ten; 31, at Eleven, A.M.
ANTWERP and the RHINE.-The SOHO every Thursday, at
Ten Morning. Chief cabin, 11. ; Fore, 16s.
, IIAYRE.-Every Thursday and Sunday, at Eight Morning. Sa-
'eon, 15s. ; Fore, lOs ; London to Paris, First-class, 1/. 4s. ; Second
ditto, 16s. 10d.
EDINBURGH.-Every Wednesday and Saturday, at Ten Evening.
Chief Cabin, Return Ticket, 30s. ; Second Cabin, 12s. Gd.; Return
Ticket, 20$. ; Deck, Bs. The TRIDENT, iaturday. 24.
From Hore's Steam-wharf, Wapping.
:NEWCASTLE.-Every Wednesday and Saturday, at Eight Even-
ing. Chief Cabin, 1/. ; Fore, 125.; Sailors on Deck, Bs. Return
Tickets issued for the First and Second Cabin.
From London Bridge Wharf.
BOULOGNE.-Every Wednesday and Sunday Morning. Chief
Cabin, 125.; Fore, Bs. The ALBION or SEINE. May 25, at Eight ;
28, at Eleven.
CALAIS.-Every Thursday and Sunday Morning. Chief Cabin,
its. ; Second, Bs. May 23, at Nine ; 29, at Twelve Noon.
HULL.-Every Tuesday and Friday, at Eight Morning. Chief
Cabin, Bs.; Fore, ss.
YARMOUTEI.--Every Wednesday and Saturday, at Four After-
noon. Saloon, Bs.; Second Cabin, ss.
MARGATE and RAMSGATE.-The ROYAL WILLIAM every
Tuesday, Thursday, and Saturday, at Ten Morning, calling at
Blackwall and North Woolwich. Fares : -Ramsgate-Saloon, ss. ;
Fore Cabin, 4s. ; Children, 3s. Margate :-75., 63., 4s.
To secure berths, for freight, and for bills containing hours of de-
Parture, fares, &c., apply at the offices, 71, Lombard-street ; 37, Re-
gent-circus ; 35, Leadenhall-street ; and St. Katherine's Wharf.
When the packets start early in the morning, passengers may em-
bark the previous evening, beds being provided..

four o'clock.oa
whilst passing
ur 5L Bank °
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LAURENT'S GRAND CASINO,
Licensed by Act of Parliament.
A RGYLL ROOMS, GREAT WINDMILL-
STREET, ST. JAMES'S.
40L.-
(Sole Lessee, Charles Emile Laurent, jun., 57, Brompton-square.)
OPEN EVERY EVENING,
With LAURENT'S UNRIVALLED BAND.
Principal Cornet-a-Pistons, M. Boulcourt.
Doors open at Half-past Eight o'clock—Dancing to commence et
Nine and terminate at Half-past Eleven o'clock precisely.
Admission, One Shilling.

calico and cotton, he finds that taxation has raised the
tporicseello,fbguotodnso,t an
to d saysuy i hatn our it
rk
is
a an
et. dv n
ane istage
told that gold does not fluctuate ; he bt
ma
con-
sequently purchases as mealy sovereigns as he
can and takes them out ,of the country; and
when that is the case the Bank of England is com-
pelled to contract its issue, and the mercantile com-
munity are compelled to pay high interest for the
notes. Now mind, they did not do so legitimately,
but they paid a high rate of interest, because a famine
of gold had been created artificially—(Applause)—
and this had been the case in this country repeatedly.
Now there was a way of putting this, which he
thought would arrest the attention of every gentle-
man who beard him. It was a simple but effective
one. He never knew any human being who would
dwell enough upon the proposition who did not see
the destructive character of the legislative measures
adopted. They were all aware that an ounce of
gold was coined into four sovereigns. Now suppose
that they exported from the Bank of England
four million sovereigns, one million ounces of gold.
If that were to take place this week there would
be a disastrous panic in Lombard-street and Leaden-
hall-street, and so soon as tlae express train came
to Liverpool there would be a panic here. But sup-
pose, instead of a million ounces of coined sovereigns
being exported, a million ounces of gold plate, equal
in purity to sovereigns, were exported, it would not
produce the slightest disturbance in any part of the
country. Nay, if we were to, pack up all the gold
plate belonging to wealthy families in the kingdom,
place the articles on board an. American steamer for
the express purpose of having them sunk on the
broad Atlantic, not the slightest disturbance would
take place in any of the great marts of commerce.—
(Loud applause.) What, then, was the inference ?
We were not inconvenienced because we sent away
wealth in the shape of gold, but because we sent
away our legal tender, we sent away our money, the
instrument of exchange. And when we were told—
as we were by the Times in 1847—that we were a
poor nation, that was why we were suffering. Sta-
tisticians tell us that we have in this country six
thousand millions of wealth, but so many sovereigns
do not exist upon the face of the earth. We were told
that we were a pauperised nation, and were driven to
extremities, simply because we bad got rid of a few
thousand ounces of gold. This he took to be the
most monstrous fallacy that ever was palmed
upon an intelligent people ; and how, he might be
asked, did he account for its existence ? Simply
and solely because the merchants of Liverpool, for in-
stance, and the merchants of &1 the other ports of
the country had not permitted their minds to dwell
long enough upon the subject. There was an ex-
cellent remark some time ago in the Liverpool Stan
(lard. Gentlemen it was said_ were asking whether

BLAIR'S GOUT and RHEUMATIC PILLS.
The following testimonial Is another proof of the great effi-
cacy of this medicine :
" 157, Now Bond-street, London, October 12, 1850.

" Sir,—ln acquainting you with the great benefit which I have ex-
perienced by taking BLAIR'S GOUT and RHEUMATIC PILLS,
I feel that I am but performing a duty, to that portion of the public
who may be similarly affected.
" About twenty years since I was first attacked by rheumatic gout
in my hands and feet. I had previously been subjected to every va-
riety of climate, having served in Canada in the 19th Dragoons, astd
in Spain, under Sir John Moore, in the 18th Hussars. I always pro •
cured the best medical aid, without obtaining any essential relief,
and my sufferings can be appreciated only by those who know some-
thing of this disease.
" It was during one of those paroxysms, between twelve and thir-
teen years ago, that I was recommended to try BLAIR'S PILLS.
lost no time in procuring a box, and before I had taken that quantity
the pain had entirely ceased, and in a few days I was In perfect
health.
" From that moment, whenever I feel any symptoms of the dis-
ease approaching, I have instant recourse to this medicine, which to
we is so valuable, that were it not that the days of magic have
ceased, I should certainly attribute the relief I obtain to that cause.
Moreover, I rejoice to say that my health has not in any degree suf-
fered, but on the contrary I believe the tendency of BLAIR'S PILLS
is towards its improvement.
" I have recommended the Pills to many friends, and the result
has always been of the most gratifying character.
" I am, Sir, yours respectfully,
" GARRET FOSTER GILL.

Friday Ile;
fact of Abe
e
then ote%a
he chflng'

MIDDLESEX METROPOLITAN BUILD-
INGS ACT, 7 and 8 Viet., c. 84.
Notice is hereby given, that a vacancy having occurred in the DIS-
TRICT SURVEYORSHIP of St. MARYLEBONE by the death of
Mr. White, the late Surveyor, the Court of General or Quarter Ses-
sions will proceed at an early day (of which due notice will be
given) to fill up such vacancy, by the ELECTION of one or more
SURVEYORS to such district, it having been resolved by
the Court, in October, 1844, that upon the occurrence of a vacancy in
the said district of St. Marylebone, the same should be divided into
two districts, to be hereafter defined. And notice is hereby further
liven, that such election will be subject to the standing orders of
the Court as to districts and district surveyors, and that no
Person will be admitted a candidate unless duly qualified under
the Act and such standing orders. Aril every candidate must
address to me, in writing, a statement of his name, age, resi-
dence, and qualification, and must also personally appear before
the Committee for General Purposes appointed by the Court, at
the sessions House, on Clerkenwell-green, at a day and hoar of
Which notice will hereafter he given, and produce to their satisfac-
tion evidence that he is of the full age of thirty years, and a certi-
ficate from the Board of Examiners appointed under the Act, of
their approval, and also such other testimonials of character and
qualification as he may deem expedient, or the Committee may re-
quire, and if approved by the Committee, will then be sanctiened by
them to be a candidate.
C. HEATON ELLIS, Clerk of the Peace.
Sessions House, Clerkenwell, May 20, 1351.

" To Mr. Fruit, 229, Strand."
For every description of Gout and Rheumatism, Sciatica, Tic-dolo-
reux, &c., &c., BLAIR'S GOUT and RHEUMATIC PILLS are a
sovereign remedy, contain neither mercury, opium, or any other
dangerous drug, require no care whatever in their use, and ter ra-
pidity of cure and complete safety have not their equal in the world.
Sold by Thomas Prout, 229, Strand, London ; and all respectable
Medicine Vendors. Price 2s. 9d. per box.
Ask for BLAIR'S GOUT and RHEUMATIC PILLS, and observe
that " Thomas Prout, 229, Strand, London," is impressed upon the
Government Stamp.

;mutable 1111

ETS.

iea. thii 411.
rather Plore
r conefind t°

SHIP NEWS.
GRAVESEND, MAY 21.—Wind S.W.
Arrived—Dispatch and Kestrel, from Ceylon; Canda.
bar, from Adelaide; Speedy, Lively, Nithsdale, Hazard,
Julia, and Dee, from Guernsey; Baron Murtis, from
Havre; Dart, from Stralsund; Rose, Juan, and Trust,
from Lisbon; Fidget, from Porto Rico; Sylph, from Rio
Grande; Sarah Richardson, from Memel; Wave, from
Medemblick ; Alliance, from Caen; Hans Christian, from
Dantzic; Regina and Batavier, from Rotterdam; Cito,
from Oporto; Coquette. from Figueira; Emile, from
Denmark; Idas, from Corfu; Harriet Nash, from St.
Übe's; Economy, from Stettin; Marlborough, from Ja-
maica; Beaufort, from Honduras; Albion, from Bou-
logne; Sir E. Bankes, from Ostend; City of Rotterdam,
from Dunkirk; Sophie, from Havannab.
Sailed—Augusta, for San Francisco; Ocean, and
Magnet, for Rotterdam; Thomas Snook, for Fernando
Po; Robert Mathews, for Ferrol; Helen, for Quebec;
Emulous, for Nassau; Duncan Ritchie, for Clyde; Gre-
cian, and Blanche, for Jamaica; Paul Frederick, and
Johanna, for the Baltic; Emma Colvin, for Shanghai;
Prince Royal, for Hamburgh; Triton, for Ostend;
Seine, for Boulogne; Queen, and Lion, for Harlingen,
Diana, for Amsterdam; Dart, for Madeira; Stadt Dor-
drecht, for Dort.
VESSELS SPOKEN WITH.

Qllol'
I,l' oos
, 00s to
00,1 tO
000
00i t•
001 to
pos to
r, 1851.
sd
114

—With the
yesterdalt
Arrical
nt of busy
ad a bettor
,t fully 10
paid ;
Iferior tfae
In her:.
ate. Oa—
it come§
e Linseed
it quota•
ta are is

DEVONSHIRE HOUSE.
THE SECOND REPRESENTATION, by the
Amateur Company of the Guild of Literature and Art, under
the direction of Mr. Charles Dickens, of Sir Edward Rulwer Lytton's
ttevirCoruedy, in Five Acts, entitled
SOT SO BAD AS WE SEEM;

OR,
MANY SIDES TO A CHARACTER,
With (first time) an original Farce, in One Act, called
MR. NIGHTINGALE'S DIARY,
Will take place at Devonshire House on TUESDAY, May 27.
Applications for Vouchers for the Tickets, price Two Pounds each,
to be made to Mr. Mitchell, 33, Old Bond•street, who will refer the
same to the Duke of Devonshire.
There will take place, on the same Evening, a BALL, in the Great
Saloon of Devonshire House, which, it Is hoped, will be agreeable to
those purchasers of tickets who, from the limited space in the Thea-
tre, may not be able to procure convenient seats for the performance.
WILLIAM HENRY WILLS, Honorary Secretary.

there would be a good crop of wheat, of cotton, or of
sugar ; but none of them think of asking whether
there will be a good crop of money.—(Laughter and
applause.) Now, it was a remarkable thing that al-
though money was the good half of a bargain, his
mercantile audience, who were very astute and
shrewd, and who would be offended if they were told
that they did not look at both sides of a question, yet
looked at only one side of this question. There was
one mode of illustrating the subject,which he thought
must come home to the minds of the gentlemen whom
he had the honour to address. He had frequently
compared our moneyed system to an inverted pyramid.
When Lord Ripon, formerly Mr. Robinson, was
Chancellor of the xchequer, Mr. Neatham made a
calculation showing, that when the country is pros-
perous, there are 300 millions sterling of bills of ex-
change and promissory notes constantly floating.
Now, this was the credit superstructure. On what
did it rest ? It rested upon the basis of 30
millions of gold; consequently a million of gold
sustains 10 millions of credit circulation. Knock
away 10 millions of gold, and 100 millions of credit
would fall ; take away 20 millions, and 200 millions
of credit would fall ; but if they took away 30 mil-
lions of gold (a miserable sum, not more than one-
half of our annual taxation), the whole country
would be reduced to a state of barter • there was not
a single instrument of exchange by which we could
buy or sell.—(Applause.) Now Mr. Jones Loyd was
a great authority on these subjects—(Laughter)—or
considered to be so. Unfortunately he had had an
influence most pernicious, in the opinion of the
most competent merchants, on the determinations
of the Legislature , but in order that his audience
might judge of the real merits of that gentleman as
a reasoner, he should just read to them a short ex-
tract of the evidence which he gave before the Bank
Committee in 1846, and they could then decide for
themselves whether a banker, coining to such con-
clusions, was a fit guide to gentlemen extensively
engaged as they were in trade and commerce. If
they said that the answer which he gave to the ques-
tions which were put were rational, then he cer-
tainly must say that the opinion which he enter-
tained of Liverpool wisdom would be much changed.
—(Laughter.) He was asked by the Committee :
" Do you think that the internal trade of the
country should be regulated and maintained by
as steady and equable prices as possible ?" And to
this he answered, "The idea of regulating the trade
of the country by equable prices, I might say so with
proper deference to the Committee, seems to me to be
nonsense." Now he denies, they would see, that we
ought to have equable prices ; he thinks that we
ought to be in a state of spasm, sometimes very high,
sometimes very low; so that our merchants must in-
dulge no hopes of steady business, but become a race
of gamblers and speculators.
The next question was :
" By the Committee—Have you ever considered what
would b 3 the effect upon the minds of the industrious
classes if their wages fluctuated with the exchanges; or
what would be the feeling of the internal trading com-
munity towards the sole bank of issue were their stocks
to b 3 subjected to sudden depressions by the sale of
f)reign stock, or the payment of the instalment of a
foreign loan occasioning temporary depressions of ex-
changes? Mr. Jones Loyd—l must admit that I have
never reflected upon such topics, because I am quite
sure that if I was to make the attempt I should only
lead my own intellect into great confusion, end come
to no satisfactory or useful result either to myself or to
the community."
Now it was impossible that his intellect could be in
greater confusion ; but one thing was certain as a
practical result, that although panics had taken place
from 1816 to 1819, the great panic of 1825, and the
panic of 1837, 1839, and lastly, the panic f 1847
although these panics, it was well known, had caused
in their aggregate a greater loss of property to the
merchants of England than would pay off the national
debt, yet it was equally certain that Mr. Jones Loyd
had been no sufferer during these convulsions
(Hear, hear.) The system had been extremely ad-
vantageous to him, and when he said that there should
bo no equality of prices in the markets, it would have
been a great advantage if he had told us that there
should be no inequality in the rate of discounting
bills—(Applause)—for they had it in 1847, upon the
evidence of Mr. William Brown, that the rate of in-
lertkt not only rose to 9 per cent., but that there was
'Thesea cnno 1-
mwiessrieouof
timate business could possibly stand. Ntoow, what Mr. Hume,of course,
hap-
pened in this year of 1847 ? Accordings
per cent. gilven..
Whyry. lost 9
of property was lost to this coun
vent over to
Be-
cause four millions of coined sovereigns N
12
enormous and
sums, evenwh 2ho,
immediately, and
New York. But they came back
l trade of the country which
a tolerably good calculator, not ltes than 500 millions
it was simply the internal
produced the calamity.
the evidence of the Governor of the
then quoted from
—Hear. The The lecturer fur-
coffers at that time, and asked why should the Bank
of England stop payment simply because it could
not control the demand of
gold for its notes ? It was
Bank of England to show the scarcity of gold in the
compelled to contract its issues and take the chance
of further demands not being made upon it. Yet
such was the desperate condition of affairs that on
the 25th October, after a vast number of West India
s as risingstexperienced
merchants
todander t
he
and other houses had failed, the Government began
to relent. It did not relent till it had seen the sa-
ecountrytsho eo n
as oldest
butthewatermost o
w soon a
height of the Bank of England, then Lord John
Russell and Sir Charles Wood stepped in and sus-
pended the Act of Parliament which had caused the
lees of millions and the ruin of thousands. It was
r waslticimminent,e of
somein
the
of
so

s.
26 --
24 9„'
48
12 46
38 42
35 40
Par too
I to 0101
61611
to 51 155
5/ to 001
) 00i od
8 0011
8 308
101 100
to Os Od
. 61 01

Pandora, from Queenstown from New Zealand, on the
9th of April, in lat. 2 N., long. 20 W.
Creole, from Calcutta for Falmouth, on the 7th inst., in

JustWORK ON STRICTURE AND SP ER MATORRHCEA.
published, Bvo., in cloth, price 3s. 6d., by post (free), 45.,
A TREATISE on the CURE of STRICTURE
of the URETHRA. ; containing the True Reasons why that
Disease so often assumes such an intractable character; with Rules
and Instructions for the successful Treatment of every Form of
Urethral Contraction, based on the results of extensive and pro
longed experience. To which is added, Practical Observations on
the Treatment of Spermatorrlicea by Cauterization.
By F. B. COURTENAY. M.R.C.S.L.
"'nose who complain most loudly are those only who know not
hew to use the common instruments. . . . . The prac-
tice of surgeons has been marked with all kinds of violence, and in-
difference about the simple cure of diseases, and a passion for
operations, and all the excesses and horror of surgery."—John Bell.
H. Bailliere, 219, Regent-street, London.

lat. 43 N., long. 33 W.
Belle, from Bombay for Liverpool, on the 27th of April,

in lat. 32 N., long. 34 W.
Eliza, of Newry, for New York, on the Bth inst., in lat.

44 N., long. 29 W.
Mary Miller, from Hull for Rio Janeiro, on the 30th of
March, on the line, in long. 20 W.
Toronto, from London for Valparaiso, on the 31st of
March, in lat. 2 N., long. 21 W.
Etnelie Hill, from Liverpool for llavannah, in lat. 19 N.,
long. 40 W.
William Nicholson, from London for St. Jago de Cuba,
in lat. 47 N., long. 14 W.
Six ships of war, apparently three-deckers, and a
screw-stoamer, brig rigged, in company, steering to
the south-west, on the 11th inst., in lat. 46 N., long.
80 W.
Leopard, of Jersey, from Liverpool for Buenos Ayres,
on the 14th inst., in lat. 47 N.. long. 10 W.
Maria Sarah, from Laguna fir Liverpool, on the 21st
ult., in lat. 33 N., long. 69 W.
John Bright, from London for Port Natal, on the 15th
of March, in lat. 1 N., long. 21 W.
Princess, of Greenock, on the 18th of March, in lat. 2
N., long. 22 W.
Fernando, from the Clyde for Valparaiso, on the 22d of
March, in lat. 3 N., long. 23 W.
Jane Goudie, from the Mauritius for London, in lat. 5
S., long. 17 W.
Dominion, from London for New Zealand, on the 16th
inst., in lat. 48 N., long. 12 W.

7.
1) stono
9 do
B do

CREMORNE GARDENS.
This Mammoth Establishment is NOW OPEN for the
Season, under the direction of Mr. T. B. SIMPSON, with a new
Grand Gala, entitled TIIE FE XST OF ROSES, of a novel
and startling description, illustrative of T. Moore's beautiful poem,
"Lallah Rookh"—lmmense concentration of talent and attraction—
, A new Fairy Ballet, entitled THE STAR OF BEAUTY ; or, The
Imp of Fire, composed and produced by Herr Deulin, with entire
:new scenery, by Messrs. Gray and Devignes—New Tableaux Vivants,
representing the Six Prize Medals of the Exhibition—New Chinese
Pagoda—Orchestra and novel Platform, 100,000 feet, brilliantly Il-
luminated, and decorated with luminous flowers—Dancing al Fresco
to Borini's celebrated Band—W. G. Pell (the original Bones), Ban-
don, and Ledger—The Three Brothers Elliott in their surpris-
ing exercises—Madame Tallien, the Female Wizard—War Exercises
and Domestic Customs of the Bosjesmans, illustrated by a Family of
that Tribe, on a new stage, with appropriate scenery—Professor Tay-
lor and the Double-sighted Youth—Splendid Pyrotechnic display on
the Polychrome Palace, by Chevalier 3fortram—A new and intricate
Maze—The Gipsey in her Tent—Shooting Gallery and Archery
Grounds, and numerous other Entertainments.
Mons. Francon', Director of the Cirque National de France, and
his unrivalled troupe of Equestrian Artistes are engaged, and will
arrive early in June.
Admission, One Shilling—Children Half-price. Doors open at Three.
The Proprietors have made arrangements with the Iron and Cl-
t'zen Steam-boat Companlesto convey their patrons to London after
tl e entertainments.

eats;

SEABORNE MAILS.
[N signifies that the mails are sent front the General POSt-Oftat
by the night—and M by the morning--dis Patch.)

When made up in! From what when
PLACES. General Post-office! port dis- due.
London. patched.
America (by Brit. pkt.)N May 23 Liverpool • • May 27.
America (by U.S. pkt.) N May 27 ,Liverpool • •
America (by U.S. pkt.) 31 May 21 'Southampt. May 29
Africa (West coast).. N 14th of the month Plymouth Juue 3
Alexandria* ........ N 19th & 30th of mo. Dover .. MaY 28
Belgium .. N Daily .. .. Dover .. Daily
Brazil .. M 9th of the month Southampt. June 12
Buenos Ayres M 9th of the mouth Soathampt. June 12
Calitornia(viaChagres)M 17th of month ,Southampt. May 20
Cape of Good Hope N,l4th of month Plymouth• . Juno 3
Constantinople* .. •• N, 7th 17th 27th cf mo !Dover .. May
.30
Central America .. 31,2 d & 17th of mon. ISouthampt. June 5
Channel Isles • • .. IVMon., Wed., &Fri.Southampt. Tu. Th.S a
Chili .. . 31117th of the month Southampt. May 20
France M & N,Twice daily .. over Twicedaily
Greece* .. N 7th 17th 27th ef mo Dover •. May 30
Hamburgh N Tuesday & Friday J.ondon .. Tues. Sat.
Holland .. • • .. MWednes. & Sant.. London .. Mon.Thyr
Honduras .. 3/17th of the month Southampt. May 20
Ireland M & NTwice daily .. ... Holyhead • . Twicedaily
India (via Southamp.) 3120th of the mond t Southampt. May 23
India (via M arseill es) N, 7th& 24th of montit ,I,Dover .. June 2
Mediterranean (via I
Southampton) .• M 20th of the month ,Southampt. May 23
Mediterranean (via
Marseilles) Nith& 24th ofmonth' Dover June 2
Mexico M 2d of the month.. \ Southampt. June 5
51adelra 31 9th of the month (Southampt. June 12
Malta* ••
&7th,17 th,l9th,27th
30th of month 1 Dover May 28
Naples* .. Nlsth 15th 25th of molf/over • • MaY 22
Papal States* Nlsth 15th 25th ofmo Dover .. May 22
Peninsular .. N 7th 17th 27th of me Southampt. !May 24
Peru .. M 17th of the inoMA i‘outhainnt.lMay 20
Tuscany* .. • . N sth 15th 25th °frac Dover .. !May 22
West Indies .. 31 17th of the month I,Southarapt. !May 20
West Indies (except
Havanna & Nassau) 312 d of the month ... Southampt. !June 5
* The mails to those countries thus marl :ed (*) are conveyed by
French packet via Marseilles. . . ,

MACHINERY versus AIANTJAL LABOUR.
Nobody can doubt that every invention that performs the
labour usually supplied by men is for the moment injurious to the
labourers It displaces, but in the long run it leads to the employment
of a larger number. Every improvement temporarily injures a class.
The railroads deprived thousands of coachmen, guards, and horse-
Itepeers of employment, but there are now more drivers, conductors,
:and horse-keepers than ever there were in the good old times of four-
laorse coaches, while there has been tens of thousands of labourers
einployed in forming the railroads, and nearly as many permanently
euiployed as porters, police, station-masters, and clerks, to say no-
thing of the engineers employed constantly in making engines, and
Afterwards driving them ; in short, It must be borne in mind that all
the inilliens expended on railroads was spent in labour. The very
ironstone in the bowels of the earth, was worthless until raised by
labour, converted into iron by labour, formed into rail, alai wheels,
and carriage springs by labour, and all in our own country. Look at
the mills and machinery employed in making cloth. The effect was
:to make cloth better and cheaper than when it was all done by hand,
and this very improVement in cloth caused thousands to be employed
ht making it up. Step into the gigantic establishment of E. MOSES
sued SON, and you will see more good clothes than you would expect
all London contained. Consider the hundreds that are constantly
employed by that firm alone, and its vast importance will at once
be apparent. By adopting a system of buying largely, by means cf
41 large capital, and keeping hundreds of the best hands constantly
employed, they have accomplished one of the most important changes
that was ever known. Adopting besides all this a plan of
taking small profits, they have placed every man in a position to
command, however limited his income, good clothing appropriate
to Ws situation, while the higher classes may, by paying cash, save
nestrly half of the amount which they used to be charged for ordi-
nary dress, and the more extravagant they are the more they save,
whether it be in their own dress or that of their livery servants.
The officers in the army, navy, and civil service can save forty per
,cent. in their outfits, and be better served ; in fact, every article of
dress, from the most costly to the most economical, is equally
weep at the price charged, and their warehouses are at this moment
heavily stocked with every variety of summer fashion, adapted for
all classes, while the facilities they possess enable them to measure
sue/ make up any quantity of clothes in an incredibly short time.
A handsome Almanac, for the year 11151, can be had gratis, on
application.
The new edition of " Everybody's Book, containing a full report
o.l' the late important trial, may be had gratis, on application, or by
let ter, post free.
E. MOSES and SON have no connexion with any other house in
Or out of London, except the following :_-
London City Establishment, 154, 155,
156. and 157, Minories, 83,
64, ess, and 86, Aldgate, opposite the Church, all communicating.
London West-end Branch, 50G. 507, 508, New Oxford-street, 1,2,
.and 3, Hart-street, all communicating.
Eeadford " Yorkshire" Branch, 19, Bridga.street
Sheffield Branch, 36, Fargate.
Tailors, Clothiers, Hatters, Hosiers, Furriers,Bost and Shoe-
m& deers, and General Outfitters for Ladies and Gentlemen.
a 'he Establishments are closed from sunset Friday to sunset Sa-
tuoay, when business is T.sinned till Twelve o'clock.
Id l'on parle Francaise. Qtu si parle. Italian°.
liler spricht man Deutsch. Aqui se habla Espanol.

CALIFORNIA.—MaiIs to and from Calife:mil
are now despatched and due by every Am erli

, via the United State
an packet.

RAILWAY SHARE MARKETS.
BRISTOL, MAY 21 .
STOCK EXCHANGE.—The share in arl Let is still depressed.
The only transaction reported to-day -was Great Western,
Original Stock, SOI/4.
LIVERPOOL, MAI' 21.
STOCK EXCHANOE.—There was quite a panic in our share
market this morning, and up till one o"clock prices of all the
leading stocks wore 4to 5 per cent. low er. But at the latter
part of the day an improvement took p lace, prices somewhat
recovered, and there was a more heal thy tone in all trans-
actions. The sales were—Caledonia n, 13—Chester and
Holyhead, 191,i—East Lancashire, 14 ilia—Lancashire and
Yorkshire, 56 —Ciao, Fifths, 7NI Hs.. —London and North-
Western, 120—Ditto, New Quarters, 3 IA p.—Ditto, Fifths,
31% p.—Ditto, Quarters (C), 2 P.--11 lanchester, Sheffield,
and Lincolnshire, 2714—Midland, 54 Ditto, Halves, 17 dis.
—South-Eastern and Dover, '23%--1 'ork, Newcastle, and
Berwick (Extension Nos. 1 and 2), 514 dis--York and North
Midland, 221/2—Great Southern and Vre stern, lrelAld,
Ditto, Preference, Eighths, 13-16 p.
MANCHESTER, MA' r 21.
STOCK EXCIIANOE.—The share mar ket to-day has wit-
nessed lower prices than yesterday; bi asieee9 has been, on
the whole, good. The transactions -w ,ere as follow :—East
Lancashire, Quarters, 1414—Lancashirf land Yorkshire, 56%
—Ditto, AV. Shares, 114 dis.—Ditto, I 'reference, 6 per cent.,
13,4, North British, 77/5 —South-East ern and Dover, 23%
—York and North Midland, 22.
BIRMINGHAM, MA: y 21.
STOCK EXCHANGE. —The share mark et continues depressed.
The only transaction reported to-day . vas— Shrewsbury and
Birmingham (B), 4 dis.

eysneusactions
re
reent
tens
of
very excited state of our produce
Iv e congratulate the
tri
eon cngooftmwh
our
sueorirencocinatahsel andie-osnmi
doiedfdailine r(nl
0. industrial
tree-tradebtoruni
saal--
connunity of the empire upon the universally-sue
seemed unanimous, and eessful demonstration of opinion made at the Cotton-
monetary system.
of gentlemen
Themarkets. There were present a body attend-
antShne, ahctas l
osne
sos
hours,
Duncan. Boomuhoareugslrgdrnaae ye
and
yesterday,
nefarious
ieieeneoxr
transactions
ance was most influential both in numbers
mil-
lions annually; and, although differingP
We may remind our readers amongsotfthSeir
in
was
m politicalost enthusiasticallyopinion,
Ptieliesl'sevecnuirirlgencaynasysTteim:
Lord Nelson-street.
vv:ntde owfortkhainngkslmasosveesdobny Mr.
explanation of
the present disorganizationursda n synpd cha-
racter,i
tnht es
ria interest which Torr to the lecturer,
world.
In the lectures announced for
y,ofat
thtehecoemornhceerrctia:laanidl,
clearest explp
indust • 1
with otir
tlh‘
the
has
causes
will
y yet
tfof,
hearbaene
an atrge
given to
for,tthbee
conclusion we may be pardoned if we
our own thanks—and we feel confident that
doing we express those of the public—to Mr. F.
Shand, for his kindness in presiding upon this mo-
mentous occasion, which he ever shows in promoting
any movement which has for its object the benefit of
his fellow-townsmcn and of society. Mr. Shand, we
trust, will have the satisfaction of having contributed
most powerfully to strike a blow at a monstrous
exinpre::
Fong the
foundations of the prosperity and power of the B •
British
empire.
---,
free-trade poopliperyesassioitns :dnjdunceliisdirtyaPilvdlhyiesha,—*

—_
IN SLY LANGUAGES— FORTIETH EDITION.
C ONTAISING THE REMDISEEDYASE. FOR THE PREVENTION OF
:11Austrated by One Hundred Anatomical Coloured Engravings on
Steel.
, ON PHYSICAL DISQUALIFICATIONS, GENERATIVE DMA_
PACITY, AND IMPEDIMENTS TO MARRIAGE.
1 New and Improved Edition, enlarged to 196 pages, pricy 2s. 6d,
3s 6d. in postage stamps,
hy post, direct from the Establisthm . ent,
A. 11 Communications being strictly conldential, the Authors have
discontinued the publishing of C ases.
%t roduced by
tHI; SILENT FRIEND, a Medical Work on
the exhaustion and physical decay of the system, p
cra calve calveindulgence, the consequences of infection, or the abuse o
ma cury, with explicit directions for the use of the preventive lotion,f
tol 4,weii by observations en the Married State, and the disqualifies-
' tons which prevent it. Illustrated by 100 Coloured Engravings. By
. R. and L. PERRY and CO., 19, Berners-street, Oxford-street, Lon:-
lon. Published by the Authors ; and sold by Strange, 21, Pater-
s oster-row ; Hannay, 53, and Sanger, 150, Oxford-strut ; and (lor-
a, In, 146, Leadenhall-street, London.
PLAT I. treats of the anatomy and physiology of the re-productive
er, tans, and is illustrated by 28 Coloured Engravings.
'Aar 11. treats of the consequences resulting from excessive In-
duicence, and their lamentable effects on the system, producing
wet tal and bodily weakne,ss, nervous excitement, and generative
theavacity. Illustrated by 10 Explanatory Engravings.
rA,AtT 111. treats of the diseases resulting from infection, either in
the primary or secondary form, and contains explicit directions for
their treatment. This section is illustrated by 62 Coloured Engtav-

- --- -
NOVEL EXPLOSION.-SERIOII S ACCIDENT.-An
explosion of a novel character took pl, ice on Sunday last, in
the house of Mr. Edward Andrews, gi •ocer, at Ward-terrace,
Hendon-road, Sunderland, which ha a been attended with
dangerous consequences. Some of tl ie. family occasionally
had a bottle of hot water placed at t' Heir feet in bed, and for
that purpose a stone bottle, filled w ith water and tightly
corked, was placed in an oven adjoin ,; *ng the kitalien fire on
Saturday evening. The bottle was 4 of required, and was ,
forgot by the servant, consequently it remained in the oven.
While the iamily were at church on Sunday afternoon, the
water having expanded with the I teat, exploded with a
tremendous noise. The bottle burst a nd broke open the iron
door of the oven, destroying various a rticles of furniture and
crockery, together with several squt Ives of glass in the
state.hn e e A
at
kitchen window. The servant, who happened to be sitting
Fearly opposite to the oven, was struck on her head, rendered
insensible, and was unable to speak for several days ; she
was removed to the intirmary, where a he remains in a dan-
gerous child of Mr.was Andre, .ays,hyslttthine uponfregaeof
the
servant'sthe
explosion under he kitchen grate, but, miraculously escaped
1 luthurt.—Newcastle Journal. I

111113•
Pawr rsr. contains a Remedy for the Prevention of Disease by a
Ample application, by which the danger of infection is obviated.
This important part of the Work should not escape the reader's
ttotice.
piitTV.
is devoted to the eonsideration of marriage, and its &t-
-oe, The causes of unproductive union are also considered, and the
toacie subject critically and philosophically inquired into.
Tug COIDIAL BALM OF SYRIACUM is exclusively employed in
treating nervous and sexual debility, impotence, &c., 1I s. and 335.
per bottle. The Concentrated Detersive Essencc, an hut-syphilitic
remedy,fso,rerupurifYptionisn,gand the blood in cases el infe‘tion, secondary
the abuse of mercury, hia. and 435. per
tjettle. rerry's Purifying Specific Pills, 25. 9d. 48, kid., rsnd I Is.
per bOX, a certain remedy for gonorrhoea, gleet, stricture, and
chronic inflammation of the bladder. Consultutiqu fee, if by letter,
.1;4 A minute detail of the case is required: 'age, habits, and poet-
itzon in society. bl. Packets, with advice, to be had at the Itleta-
tijelment wily, by which the fes, 11., 19 saved. Messrs. Perry,
an,in attendance daily at 19, Berne-s-strest, 2xford..9trae..., Lon-
don, from Eleven till Tito, and Five to Eight; Sunlay, ftom
Low to Out,

MUNDER.-A young woman namcd Ca-
l'eCrinlielLgeddes, or Macpherson, has been apprehended at
Glasgow, on a charge of administering poison and exposing
her infant child so as to cause its death. ,`,ihe had admitted
the charges, and retnaina for trial.

~.-----:mot -4-mow— --- \..,......-- -.K4--
iRIDGE- COMP Y.

4‘lollllo CHARING-CROSS _
A special meeting of the shareholders in this com-
pany was held on Tuesday at their office, 9, Villiers-
street, Strand;; Mr. Coles Child, chairman of the
directors, in the chair.
The CHAIRMAN read a report, which stated that the
meeting had been convened for the purpose of laying
before the propretors the draft of a Bill, which the
directors, acting upon the power conferred upon
them at a previous meeting, had thought it advisable
to introduce into Parliament. That Bill, after having
passed the House of Commons, was now opposed by
Mr. Few, a large shareholder in the company, whose
objection, however, had been taken more with a view
of obtaining a right to be heard in support of a
clause for altering the mode of voting, than with the
serious intention of opposing the Bill. The financial
condition of the company had occasioned much
anxiety to the directors, and they saw no other way
out of their difficulties than by raising capital in the
manner provided for by the Bill. The directors
thought it right to say that they did not approve of
the alteration of the voting clause, as proposed by Mr.
Few, and hoped they would be authorised to proceed
with the Bill in its present state.
The SECRETARY then read a draft of the Bill,
which empowered the directors to raise additional
capital to the amount of 40,0001., the guaranteed in-
terest not to exceed 6 per cent.
In reply to some h oasereations by Mr. ADAMS,
The CHAIRMAN said no one could regret more tbaa
the directors the circumstances which compelled them
to apply
for another Act of Parliament. The mort-
gage and bond debts of the company amounted to
44,4701., and the sum in question was reqeired to pay
part of that debt and to discharge other liabilities
already existing. The directors had endeavoured in
vain to raise money upon bonds and mortgages, and
the proprietors had themselves compelled them to take
the present course, instead of resorting to preference
shares. He concluded by moving that the Bill be ap-
proved of, and that the directors be authorised to take
the necessary measures with a view to the passing of
the same.
Mr. ROBERT FEW moved as an amendment the in-
sertion of an additional clause. lie observed that the
company's Act of incorporation provided that no per-
son or corporation should have more than five votes,
but that the Hungerford Market Company had
evaded that provision, and by spliting their votes (a
course of procedure which had been declared to be
illegal by Sir F. Kelly and other eminent lawyers)
had obtained an undue preponderance over other in-
terests in controlling the affairs of the Bridge Com-
pany. The clause he proposed to insert was intended
to:remedy this evil, by enforcing more stringently the
original arrangement, and thus preventing the
Market Company from assuming, under any circum-
stances, more than five votes.
Mr. STUTELEY (chairman of the Market Company)
said the introduction of such a clause would jeopar-
dise the whole Bill, since it would necessarily excite
much opposition on the part of the directors of the
Market Company, who would not lightly forego the
privileges and advantages which they now possessed,
and which they considered that they had dearly
purchased by the sacrifices which they had made in
favour of the Bridge Company. They had consented
to take 900 new shares upon the express understand-
ing, that they should have such an influence in the
management of the company as was warranted by the
large stake wiikh they had in the property ; and the
dispute n hich had taken place on the subject had al-
ready been decided in their favour by the late chair-
man, the Earl of Devon. He thought it was dis-
honourable for the Bridge Company, because they
no longer required the service of the Mket Com-
pany, to attempt to repudiate their votes.
Mr. Hawes (late deputy-chairman of the Bridge
Company) controverted some of the statements of Mr.
S'uteley, and a very warm discussion ensued, which,
after c-litinuing :some time, was terminated by the
interference of the Chairman.
The amendment was then put and rejected by a
large majority. Mr. Few demanded a pol?, which
was taken, when the amendment was negatived by 39
to 19. The original motion was then pw. and carried,
a2d the proceedings terminated.

/7

_ '"""'_

IRELAND.

DIPLOMATIC REVELATIONS.
DUBLIN, WEDNESDAY.—It would appear from the
following very singular account of an interview had
within the precincts of the Viceregal:lodge, which ap-
pears in the Packet of last night, that we are on the
eve of a great legal "crisis" here, which may or may
not terminate to the *atisfaction.of the indignant juror
who means to figure as plaintiff in the ease of "Burke
r. the Lord-Lieutenant of Ireland :"

" Yesterday Mr. Burke's solicitor waited upon his
Excellency at the Pheenix-park, and was favoured by
an interview with the Honourable Gerald Ponsonby,
who throughout the affair acted with becoming cour-
tesy. Mr. Burke's solicitor informed that gentleman
that he had written twice to the Earl of Clareudon with
reference to the publication of the libel on his client in
the Tablet newspaper, but had been favoured with no
reply. Mr. Ponsonby, on the part of his Excellency,
acknowledged the receipt of the letters, but added that
he had received no instructions to return any answer.
Ur. Burke's solicitor then said he had called therefore on
that cecasion, accompanied by his clerk, in order to have
the writ served in the usual way; that he was desirous
of performing this necessary duty in the most courteous
warner possible; that the ordinary mode of service was
the delivery of the writ personally to the defendant; but
that, as in the present case, this course might not be
convenient, he desired to know if Mr. Ponsonby would
accept service for the Earl of Clarendon? Mr. Pon-
sonby promptly acquiesced, and having accompanied Mr.
Burke's solicitor to the room where his clerk was in
waiting, accepted the customary service. He was then
advised, that within eight days the Earl of Clarendon
should enter an appearance, and that it was presumed
he would instruct his solicitor to that ef e:t. Mr. Pon-
sonby replied he supposed so, but remarked that until
he had consulted with his Excellency he could not state
any thing further."

SALES OF INCUMBERED ESTATES.

A bitch of six estates was set up yesterday for
sale before a more than usually crowded court—a
great number of speculators being present. The
biddings throughout the day were generally spirited,
and altogether the tone of the market was more an(l3l-1,
mated than it had been for several weeks past.
the six properties, four were situated in the
on one
county
of Kerry, and with the exception of four lots
of the estates the whole found ready buyers
nerative rates of purchase to the
at remu-
of land. The
considering the present depressed
estate of Mr. Collis was offered in value
was
but 1751. per
three lots, the
aggregate profit rent of which
annum, and which realised the sum of 3,5301. The
was about 18, 34, and 15
years. The estate
rate of purchase for eaocfh
ot
Mr. Hickson was put up
the first four were whin.
in six lots,
drawn, and the other two, producing a profit
rear,
were sold for ') 060/ or
-, •,
rent of 1401' ha .-,'T,• The estate of Mr. Richard
15 years' uarc
profita rent of 3971; was sold in the
Leyne, withP
The estate of Mr. William Sealy,
1 for 3,800/.y,
1 of which was estimated at 443/., subject
1 the rental l t
ber charges, which reduced it
an, o
to an annuity
by more than 501. a year, produced 6,600/. The
foregoing properties were all situated in the county of
foreg
Kerry. An estate in the e',manty and town of Sligo,
the property of Charles Martin, and consisting, for
the most part, of building ground and premises in
the county, yi(bling a rental of about 4501. annually,
was sold in tour lots, which produced 6,7001. The
concluding sale was of the Monaghan estates of Mr.
Henry Mitchell. The profit rental was a little over
400/. a year, which was disposed of in three lots for
the sum of 5,810/. The entire amount realized by
the day's sales amounted to 28,440/.

.el YO THER SERIOUS CONFLAGRATION
IN THE CITY. afire
Last night, about a quarter-past ten o'clock,
that for upwards of an hour caused
_arringdon-
g_reat alarm
amongst the residents of Shoe-lane,
street, and the surrounding localities, broke F
oke out in the
premises belonging to Messrs. LL. and W. Pontifex
and J. Wood, lead merchants and coppersmiths. The
n
premises belonging to the firm are of vast extent, tlit,
front being in Shoe-lane rd stretching almost as far
backwards as the Angel I
' in Farringdon-street. It
was at one period
fall a victim to the fury
of the flames. we
are happy to say, proved
-illed that the greater Portion
of the neighbourhooidrn woulda
Such, '
groundless.
It appears that Mr. Lamplough, chemist, of No. 88,
l eking out of oof ne his bedroom
Snow-hill,
whils o
itereelved an unusual glare of light in
windows, p ,
Messrs. -v --
accompanied by a dense
iit'ex s premises, ,
volume of sreexe rolling towards the roof of the mar lie immedfately proceeded to the spot, calling,
a 5 be went along, the engines in I, 'arringdon-street.
Forthwith the various engines of the Brigade, West
a England Company;, and the parish were dispatched
to the scene of danger. The firemen then found that
the conflagration was raging in the premises used as
the lead casting shop and the brass casting depart-
m' nts.

A plentiful supply of water baying been procured
from vie New River mains, the engines were called
into Operation, and under the direction of Mr. Braid-
w coil, the superintendent of the London establish-
ment, MI. Colf, the foreman of the B district, and Mr.
Connorton, the chief cfficer of the West of England
brigade, powerful streams of water were scattered
over the blazing pile, but, notwithstanding, it was
nearly midnight before the flames could be conquered,
and not until the lead and brass casting shops were
nearly burned out, and the contents destroyed. One
of the firm informed the reporter that a number of
moulds had been destroyed, but that the costly assort-
ment of patterns had escaped the least injury.
Respecting the origin of the fire nothing that could
bon upon euuld be learned during the confu-
sion and excitement which prevailed when this report
was written. Fortunately the firm was insured.