The Sun.
London, England, 1834-02-20 00:00:00

THE FUNDS.-(THIS DAY.)

CITY, TWELVE O'CLOCK.
We have no arrivals as yet from Portugal, and ship letters
only from the Swan River.
Accounts from Ferrol to the 15th, state that Galicia was
tranquil, but great agitation prevailed there respecting the
province of Biscay. An irruption, by Don Carlos, into Spain,
was expected.
The English as well as the foreign funds are in a progressive
state this morning. In respect to the former it may be attributed
to money being plentiful, and the Bank lending 1,000,0001. at
the rate of 2 per cent. As to the continual improvement in
Portuguese and Spanish Stock we cannot form any substantial
opinion ; but no doubt, in a few days, the reality of these ex-
tensive speculations will develop themselves to the public, who
must recollect the years 1824 and 1825, when similar specula-
tions took place in foreign Securities.

THE FUNDS.
Consols, which left off yesterday at 89 74 for Account, opened
at the same price; soon after went up to 90 IA ; at present they
are 90 IA 14, with the market looking up.
The mania of speculation continues in Portuguese and Spa-
nish Stocks. Spanish, 34 je ; Portuguese, New, 75 M. In
other Foreign Securities, little or nothing doing.

HALF-PAST ONE.

We have no fresh arrivals to the present hour or any reports:

Letters from St. Petersburgh received this morning, state that
the Russian Government, instead of contracting for a loan, is
going to raise 40,000,000 of rubles by way of Exchequer Bills,
at the rate of 4 per cent.
We understand that amongst the great capitalists in the City
large bets have been made that Consols will be done on or before
July at 95. This appears_ very probable when we observe the
great rise in the Foreign Securities, as it is natural to suppose
that investments will also be made in the British Funds.
Consols, which were in the early part of the morning at 90 to
have since improved to 901 1 for Account.

The Foreign Funds continue improving; Spanish 35 to ti
but Portuguese, which were in the early part of the day at 75
are at present 741 75.
Consols just done at 901.

THREE O'CLOCK.

Consols for th• Account, 90f

CLOSING PRICES..
Hank Stock 2l6}
3 per Cent. Red 9li
3 pet C:tit . Cons 9olt
31 per Ccnt. 9Bi
31 per Cc nt. Red...
New 3i p=r Cent 9)
4 per Cc nt 105
Long. Ann. to expire
Jan. 1860 l7}
O.•t. 1859.. l7 5-16
Jan. 1860 l7}

—FOUR O'CLOCK
India Stock 251
Ditto Bonds 3O I ln,
South Sea Stock Of
Ditto Old Ann
Ditto New Ann.
Ex. Bills, 10,e/ 49 pm.
Ditto 51',0/
_49 pm.
Ditto Small 49 pm.
Bank S. for Ace. ----
Consols for Opg 9Ol
India St. for Opg.

FOREIGN FUNDS.

....
Austrian, 5 per Cent llO 1 Portuguese, 5 per cent.... 74;
Belgian, 5 per cent 9l, Ditto, Reg. Bonds ... ..... . 74i-
Brazilian Bonds
Buenos Ayres, 6 per cent 26 j Russian Bonds, Spec cent. 107
Chilian, 6 per cent. 2B 1 Ditto, Metallic —
Columbian, 6 per cent.— 23 1 Spanish, 5 per cent 343
Ditto' 1824 2B I Ditto, 1323 .30;
Danish 741 I French Ti per Cent__ —t. --.C.
Greek, 5 per cent 23f i Exchange
Mexican 5 per Cents, 1825 3: j French :1 per Cent —f. —,
Ditto 6 per Cent., 1825 4ll i Dutch, 21 per cent 5, 4
Peruvian 6 per Cent...,,.,, ::3 1 Ditto, 5 per cent 94

11%1 PERIA I, PA RLI A M ENT

THIS DAY, THURSDAY, FEB. 20.

HOUSE OF COMMO S.

The SPEAKER took the chair at about a quarter past twelve.
A vast number of petitions for private Bills were presented.
Sir HENRY PARNELL presented a petition from a place
near Dundee, for making a road.
Mr. PRYME presented a petition for leave to bring in a Bill
for the formation of a canal at some place, the name of which
we did not hear.
Mr. H. HANDLEY presented a petition from a place in
the county of Surrey, for leave to bring in a Bill to establish
markets in that place.
Sir J. E. WILMOT presented a petition from the Trustees
of the Coventry Road. The same Hon. Member then pre-
sented a petition for leave to bring in a bill for paving and
lighting the town of Chippenham.
Mr. WYNDHAM presented a petition for leave to bring in
a Bill for the improvement of Yarmouth Harbour.
Mr. SEALE obtained leave to bring in a Bill for the im-
provement of Dartmouth Roads. . .

Mr. HAWES presented a petition from the Commissioners
of Newport Harbour.
Mr. GROTE presented a petition from the Directors and
proprietors of the British Iron Company.

Mr. OSWALD brought in a Bill for the better supplying
the city and suburbs of Glasgow with water.
Mr. ADAM presented a petition from Clackmannan, from
the trustees of a certain road, the name of which we could
not catch.

Mr. PENDARVES presented a petition from a place in
Cornwall, praying for leave to make a railroad.
Mr. EWART brought in a Bill for enabling the Ocean
Insurance Company to be sued through its chairman.—Leave
granted.

Mr. GROTE presented a petition from the inhabitants of
the parish of Allhallows, Lombard-street, city of London,
complaining of the unjust preferment of the Rev. Francis
Dawson, by the Dean of Canterbury, to that parish. The
grounds of complaint were,that the Rev. Gentleman was in the
enjoyment of other benefices, and was likewise non-resident.
While they were compelled to support an efficient and respec-
table Minister of the Gospel, they considered themselves en-
titled to the benefit of his services and residence amongst them.
—(Hear, hear.) The petitioners contended for the necessity
of a full and complete reform of the Church. Mr. Grote
continued to vindicate the substance of the petition. He could
not say what the merits or demerits of the Rev. Mr. Dawson
were, but such services as he could impart to the parish the pa-
rishioners were deprived of by his non-residence amongst them.
A very strong feeling prevailed amongst the parishioners on
this subject ; and it was greatly increased by the fact of his
predecessor being likewise a non-resident for the period of
eighteen years antecedent to the appointment of the Rev. Mr.
Dawson ; so that, in fact, that parish did not enjoy the benefit
of either sector or curate's presence. These circumstances made
a very bad impression, and called loudly for the attention
of this House in removing such an abuse.—(Loud cries
of" Hear, hear, hear".) In either military or naval service
the principle of giving services to entitle to pay was recognised,
but not so in the Church. Just expectations were now enter-
tained that the intentions of his Majesty's Ministers on the sub-
ject of Church Reform would be put into full force. There were
many cases of similar abuse, but it was hard to find one equal to
the evil under which the petitioners laboured.

Sir J. WROTTESLEY said that this was a very important
subject, and deserved the most serious attention of the House.
The petitioners were most respectable citizens of London, and
it was not from any false motive but from a deep-
rooted attachment to the Established Church that they
made any statement of their grievances—(Hear)—and that
alone was sufficient to gain for them a fair hearing. He could
not conceive any petitioners with more claims in their favour
than the present. There was another part of the subject that
rendered it particularly desirable that there should be some
discussion upon this case. It did not appear that the gentle-
man appointed to this parish was otherwise than a most esti-
mable clergyman, and according to the present system the
Dean and Chapter of Canterbury and the clergyman himself
had done nothing that was not in accordance with the laws. It
was the system that was to be blamed, and he thought it ought
to U speedily altered.—(Hear, hear.) With regard to the
practice of nonresidence, it would be recollected that last year
returns upon this subject were laid before the House, and the
House would be surprised to find that in this country there
were, at the present moment, 3,678 incumbents of livings who
were non-resident. Of these, 1,139 had 3001. a-year and up-
wards, and 2,348 had a yearly salary under 3001. He did not
know what ought to be tnesalary of a clergyman who performed
his duty ; if he were called upon to state what, in his opinion,
it ought to be, perhaps he should rate it too high, higere
at least than the clergymen themselves, who must be
allowed to be the best judges. The clergymen, when they
got possession of these livings, fixed the stipend of their curates,
and it was but just to suppose that those stipends gave a fair
measure of va ue for the labours performed. In his (Sir
J. W.'s) opinion, they ought to be fixed at a far greater
amount; but he was willing to take them at the price which the
Clergy themselves fixed. In these returns were alsocontained
the salaries paid to Curates, and the House could therefore see,
what the amount was. It was often said that there should be
rewards in every profession ;he did not object to this—he did
not object to large livings,not even to livings of 1,000/. or 900/.,
a year, because he thought no sum was too large for a clergy.
man who performed his duty. The parishioners themselves
would be benefitted by such a measure. He had made inqui-
ries of many persons, amongst others, of clergymen—he had
asked several questions of them, as, for instance, Did they
ever find any complaints regarding the dues and tithes of those
clergymen who resided the greater part of the year on their
livings, and performed their duties conscientiously and well ?
The invariable answer was, that no such complaints existed.—
(Hear, hear.) He would now state what was the amount of
the salary which the clergy gave to the curates who performed
their labours. He would pass over the least until he came to
those which amounted to 301. or 401. a year :
From 404 and under 501
501. to 601
This was the largest number who were thus paid,
and it would be hard, therefore, to say that the ser-

1,792

vices of the clergy should be estimated at a higher
amount. It was not for him to say that they were
rated too high ; he took them at their own valuation.

From 601. to 701 359
70/. to 80/ 483
80/. to 90/ 547
90/. to 1(0/ 164
1001. to 110/
110/. to 1::0/ 65
1:20l. to 130/ o, 3
130/. & under 1501 ll9
This left so trifling a number whose salaries were above 1501.
that they were not worth taking notice of—they did not alto.

gether make 100. He had stated before that the non-resident
Incumbents amounted to 3,678. Now, he should like to know

what establishment, or what public office was there in which if
it were stated that there were 3,678 officers performing their

duty by deputy—he could well conceive what an immense stir
it would create from one end of the House to the other.—(Hear,
hear.) Was it then to be said that the duties of a Clergyman
were to be held in less estimation than those of any other pro-
fession ? He did not allude to their religious duties solely, but
to their moral duties also, and he would ask those who had
opportunities of observing the efficacy and good effect of re,i-
dent clergy, whether, independent of their religious duties,
the exercise of their moral duties had not been of the greatest
. benefit to their parishioners ? He had the honour to be a
member of the Committee upon the Army and Navy Salaries,
at the head of which was a Noble Lord, one of the Members for
Devonshire, and it was recommended that those officers were
unnecessary who performed their duty by deputy. If that
were necessary in those departments, he felt convinced that the
present system adopted in the church establishment could not
continue long without producing its ruin.— (Hear, hear.) He
could fairly say, that it was under that apprehension that he
now addressed the House. If some measure were not intro-
duced to abolish pluralities, and to enforce the residence of the
clergy, he was convinced that that beautiful fabric of the
established church would soon be destroyed.—( Hear, hear.)
Sir R. INGLIS was of opinion that the evils apprehended by
the Hon. Baronet were not so extensive, and not likely to be
so prejudicial to the Church as he had stated. The Hon.
Baronet seemed to have come to the House fresh from the
Army and Navy Committee, and prepared with a statement
respecting the salaries of curates, and as he (Sir R. Inglis) was
not prepared in like manner, he could not fellow all the state-
ments which the Hont Baronet had made. He would there-
fore beg of the House to suspend their judgments upon the'
question, particularly as a commission had been appointed to
inquire into the ecclesiastical affairs of every parish in the
kingdom. The Ilon. Baronet thought this a good opportunity
to raise a discussion on the subject of reform, but he (Sir R.
Inglis) was not prepared at present to contend with him on the
question of pluralitie3, nor would he contend with him on the
question of small salaries. The parishes of England, it was
well known, were divided according to the laws of the Church,
and if the House would look at the earlier periods of the estab-
lished religion they would perceive that non-residence existed
from the beginning; and, indeed, must, from the nature of
d to. being
He,
things, have been so, when it was considered that many livings
small,w-e
rentoit,eofsytsltieemvaloufe
uonfitminogrepatrhisah%2OwLas
livings The
eort
for one, should wish to see a resident priest in every
parish—(Cries of " Hear, hear, hear")—but in the nature of
things that could not always be. Until the laity of England
were prepared to restore to the Church the property which had
been taken from it, it woul I be in vain to expect a resident
incumbency in every parish. Many of the laity—some of
whom he believed he was now addressing, held tithe property
and lands which formerly belonged to the Church, and until
they disinterestedly gave up that property there could never be
a resident clergy. As to the amount of the salaries of curates,
he believed they were very small in many cases, and much
below the scale which he would wish should be given—(Hear,
hear)—but he knew also that in many instances they were as
high as the incumbents could give. Young men brought up to
such a profession as that of the Church it was necessary
should have some provision made for them.—(Hear, hear.)
Such were the answers he was anxious to give to the statements.
of the Hon. Member for Staffordshire. With respect to the
particular case forming the subject of the petition presented by
one of the Hon. Members for the City of London, he begged
the House would bear in mind these propositions, that the Rev.
Gentleman, now the incumbent of Allhallows parish, who was
represented as being so enormous a pluralist, had for
eighteen years, to the satisfaction of all parties, perlormed
the duties of one parish, Chislehurst. With respect to
Orpington, that, he believed, was an unendowed vicar.