The Sun.
London, England, 1851-11-27 00:00:00

LONDON,

that it was proposed to lower the rate to fourpence,
we were inclined to entertain grave douhLs as to the
feasibility of working out such a plan with well-
grounded prospects of success. Nevertheless, the
statistics adduced in support of the speculation are
calculated to render it worthy at least of attentive
consideration. These bold reformers, intent on com-
bining the utile with the dulce, aspire to abolish the
abuses and impositions so loudly and generally com-
plained of, and at the same time to ensure to their
company a safe and advantageous return for capital.
Instead of the present custom, whereby the employer
looks to the driver for a certain daily sum, no matter
whether the sum stipulated be earned by the latter or
not—a custom conducive to all possible means of ex-
tortion on the driver's part; liveried employes at a
fixed salary are to be brought into requisition under
the new regime. It is proposed to commence opera-
tions with one hundred cabs, which may be gradually
increased according to circumstances, and a rough
sketch of the estimate for that number may serve to
show how far the anticipations of the proprietors rest
on a solid basis. The amount of capital required for
setting them to work is stated at a sum barely
exceeding 11,0001., which appears to us a pretty
safe calculation, the hundred cabs being set
down at 401. each, and their three hundred
horses at 18/. each ; the remainder of the sum is al-
lotted to licences, harnesses, liveries, and stable uten-

sits. In like manner the weekly expenditure seems
reasonably calculated—for instance, the keep of the
horses lOs. each, a driver's wages 235., amounting
altogether, including allowance for wear and tear,
duty, rent, salaries, &c., to a weekly sum of 4741.
Whether the estimate of the receipts be put down over
favourably, we shall not venture to say; but certainly
they are not under the mark :

S g. d.

By produce of 50 cabs, at 15s. each, for
long day work, for seven days
By produce of 50 cabs, at Ns. each, for
day and night work for seven days
Leaving a weekly profit of 1031. 10s., or an annual of
5,8321., being all but 50 per cent. At all events, making
fair allowances for the couleur de rose medium through
which the projectors of any undertaking are accus-
tomed to view the offspring of their provident inge-
nuity, we cannot bring ourselves to say that there is
anything impracticable in the proposition, if j udiciously
pursued.

These things being so, we may congratulate the
community on the approaching removal of a villanous
incubus. For no unimportant space of time has a
large section of that capacious humbuggee, the Bri-
tish public, been at the mercy of a remorseless fra-
ternity, whose cry has been that of the horseleech,
" Bleed, bleed !" Rational economy is henceforth,
we devoutly trust, to be the order of the day, and
cab-owners and their servants are to be taught that
their noisome monopoly is at an end. Growl-
ings and grumblings, curses both loud and deep,
we must make our account to hear, and grievous
complaints of the " Protection" nature ; but the edge
has been now fairly inserted of the wedge, and in a
little time it will be matter of wonderment that the
London public could ever have tamely submitted for
so many years to such an iniquitous predominance of
bamboozling and bullying as they have encountered
at the hands of the perpretators of a glaring and
rampant imposition.

THE FREiNk,H REPUBLIC,

We have received the Paris journals of yesterday.
The speech of the PRESIDENT of the Republic is
commented upon in almost all of them. The organs
of the Bourbonists are very wrath against the PRE..
SIDENT'S denunciations of " Monarchical Hallucina-
tions," and declare that his speech is a repetition, with
additional insult, of the article of the Constitutionnel
of Monday, which gave such offence to the Assembly,
and which was disavowed by the Minister of the In-
terior. The Union indignantly retorts on the PRE-
SIDENT himself the word "hallucinations." "Is it not,"
it asks, speaking of M. Louis NAPOLEON BONAPARTE,
" an undoubted hallucination thus to presume to place
himself out of and above all parties, in order to give
predominance to a personal will, a personal situation,
and a personal ambition ? As PRESIDENT of the
Republic, M. Louis NAPOLEON has a mission, limited
by the Constitution which he swore to observe ; and
yet he speaks as if he were the incarnation of all
authority, as if he were the sole depository of the
right which comes from the people, and of the force
which comes from GOD. M. LOUIS NAPOLEON pur-
sues with perseverance an object which he could not
attain without placing himself out of the conditions
of social order."

But it is not the PRESIDENT alone on whom the
Bourbonists pour out the vials of their wrath. M.
Duro' comes in for a share of the vituperation. The
Assemblie National says—
" M. Dupin, sen.. was present yesterday at the cere-
mony of the Cirque Olympique, aad it caused deep
anxiety to those persons who saw him present, with his
head bent down, at the strange accusations which were
directed against the national representation. They
asked themselves how M. Dupin, who was not only to
protect his own dignity, but that of the Assembly over
which he presides, could expose himself so unluckily to
the first fire of presidential speeches. M. Dupin cannot
pretend that he did not expect such a thing. He re-
ceived a lesson at Dijon by which he ought to have pro-
fited; by so doing, he would yesterday have saved him-
self from cruel annoyance."
The Pays, which is always sanguine and enthusi-
astic, hails the speech as a confession of Republican
faith, we hope the event may prove that it is so. It
says—

"This speech will produce in the country the same
profound sensation that it excited amongst the persons
who heard it. We will not attribute as a merit to Louis
Napoleon Bonaparte that he yesterday uttered the word
Republic' for the first time. In pronouncing it, the
head of the Executive Power has elevated himself by
all the distance which separates a right from a preten-
sion."

The Legislative Assembly was again occupied
with the discussion on the Paris to Lyons Rail-
way Bill, and, after some debate, an amend-
ment, proposed by M. PASSY, to have ten
millions voted to carry on the works by the
State after January 1, was declared to be taken into
consideration, and referred to the committee for
examination. At the commencement of the sitting,
M. BAZE complained that a change had been effected,
in the report given in the Moniteur by M. DE Tao-
RIGNY, the Minister of the Interior, in the language
which he had used respecting the plot against the
PRESIDENT of the Republic, spoken of in the Consti
tutionnel. The Hon. Minister, he said, had changed
his phrase from being, to the effect that the Govern-
ment did not believe in the plot, to a declaration that
the Government had no proofs on which to believe in
the plot. Ultimately the matter terminated without
going further.

al. DB LAROCHEJAQUELEIN has presented another
amendment, having for object to render electors, after
a residence of six months, all Frenchmen born in the
commune, or who have drawn for the conscription in it.

The Central Committee of the Electoral Union has
written to the journals to state that in consEquence
of the result of the preparatory election, in which
15,173 electors took part, M. DEviNcK, formerly
President of the Tribunal of Commerce, and member
of the Municipal and Department Commission, has
been chosen candidate of the party of order for the
election of the 30th.

We read in the Patrie :—"We learn that M.
GRANIER DE CAISAGNAC, considering himself in-
sulted by the expressions used by M. CRETON in the
sitting of yesterday, sent to him this morning M.
BERARD, a representative, and an officer of the gar-
riion of Paris, with a letter couched in very proper
terms calling for reparation or retractation. If we
are correctly informed, M. CRETON refused to receive
the letter, and replied that he had merely exercised
his right as a representative, and besides that he had
net attacked the man but the writer. The friends of
M. GRANIER DE CASSAGNAC having in vain endea-
voured to obtain a more precise answer, withdrew to
give an account to their principal of the interview."
The speech of the President of the Republic on Tues-
day appears to have produced a favourable effect
at the Bourse, and public securities have improved
in price. The Five per Cents. opened at 90f. 75c.,
rose to 91f. 25c., and closed at 91f. 20c. for the end of the
month; the Three per Cents. closed at 56f. 20e.; Or-
leans Railroad Shares, 877 f. 50c.; Rouen, 575 f.; Havre,
211 f. 25c.; Great Northern, 466 f. 25c.; Avignon, 210 f.;
Vicrzon, 433 f. 75c.; Basle, 1521. 50c.; Bordeaux, 377 f.
50c.; Paris and Strasburg, 3661. 25c.; Tours and Nantes,
257 f. 50c.; Amiens to Boulogne, 263 f. 75c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, Nov. 26.

Boulogne and Amiens, 10%—Central of France (Orleans
and Vierzon), 1714—Dutch Rhenish, 3—Northern of France,
14)(,—Sambre and Meuse, 3%.

SPAIN.
Madrid journals of the 21st have arrived.
NARYAEZ had visited the Minister-at-War and the
Captain-General of Madrid. He had subsequently
had an audience of the QUEEN and KING CONSORT,
and had then visited Queen CHRISTINA, and had a
long interview with RieNzauEs.
MADRID BOLSA, Nov. 21.—The following are the
prices of Stocks:—three per Cents. 86i; Five per
Cents. with current coupon, 1.61; Coupons, 8 1-16 ;
Passive Debt, 6. Exchange on London, 50 50.

AN AGED POPISH PRIEST.—A Catholic priest, 110
yearsoofrage,rpiburenacced at Dayton, Ohio, a few days since.—
New
w y 4 r

GERMANY.

Thc; D::t of Cobatig, ia th bitting of the 20th,
adopted by seventeen votes to one the new Consti-
tution, which is to be common to the two Duchies
of Coburg and Gotha. The Diet of Gotha is con-
voked for the Ist Dec., to take it into consideration.
The United Diet of the two Grand Duchies of
Mecklenburg was opened on the 18th, in the little
town of Steinberg, near Schwerin.
The Hanover Gazette of the 23d contains decrees
of the King GEORG!? V., accepting the resignation of
he Memner3 of the MUNCEIHAUSEN Ministry, and
appointing M. DR SCHEELE, President of the Coun-
cil and Minister of Foreign Affairs; General-Msjor
DE BACMEISTER, War; Dr. WINDEHORST, Justice;
and M. DE BORRIES, Interior. M. BACMEISTER is
charged ad interim with the Finance Department.
The Hanoverian Chambers are convoked for the 3d
December. It was believed, at Hanover, that they
will be immediately after dissolved.
A letter from Vienna, 19th, states that an ex-aide-
de-camp of MESSENHAUSER has been arrested near
Prague. He had disappeared for some time, and is
stated to have become a member of the Revolutionary
Committee of Paris.