The Sun.
London, England, 1869-09-11 00:00:00

THE SUN, LONDON, SATURDAY EVENING, SEPTEMBER ii, 1869.

JOINT-STOCK BANKS.

• • Closing BLISiII99 8
Share NAME. Paid. price. done
10 Agra Limited, A all 11 1:1 111 11
10 Do B lO 31 41
50 Albion
00 Alliance, Limited
20 Anglo Austrian
20 Anglo-Egyptian, lint all 221 2..1p 221 2
20 Anglo-llung,arian
20 Anglo-Italian 1866, limited 10 5 4
40 Australasian
20 Bank of British Columbia- all 11 ! 3
20 Do issued at 2pm ~.. 5 5 4
25 Bank of Egypt
20 Bank of Otago, lint.
25 Bank of South Australia all 30 32
50 Bank of Victoria, Australia 25 37 39
it) Bank of New Zealand__ all 151 161
50 British North American
20 Chartered of India, Austra-
ha, ,nd China all 13 19
25 Chartered Mere. of India,
London, and China
20 City
100 Colonial
10 Consolidated, lint.
50 Delhi and Loudon, lint
50 East London, lint.,., 5 21 11 •
20 English anttArne-ic,n, lint 10
20 English Batik.of Rio de Ja- . . ..•
neiro. lint . '
20 English, scottish, and A.us •
tralian Chartered , all c 1
284 Hong Long and Shanghai
Bank Corporation all 36 38
281 - Do new ll4 4 5
100 Imperial, Urn 2u 15 16
20 Imperial Ottoman lO 24 54 I'2, 12
z 5 lonian all 19 22
25 Do new 5 6 3
Lud Mortgage of India, lint 4 3i :.:4
100 Do sp. c. Debs.lB6l, 30 all 76 76 ID
100 London Bauki of Mexico
and South America,•.lint. 20 7 . 6
100 Loudon:lnd Brazilian, lint. 45 30 27
20 Do new 71 5 41
100 London &River Plate, lint. 40 6 8
25 Do new 10 11 2 p 11,1
20 London Chart. of Australia all 231 241
20 London and County '2U 441! 501
60 Do new, iss at 20 p.m, 16 pd. 11 ...
Loudon Joint Stock 3ll 321 30
Loudon and South African al 8 9
100 London & S.-Western, lint, '2O 13 11
50 Loudon & Venezuela, lint 124 ... ..
100 London and Westminster 2O 571 551
100 Do Scrip, iss at 10 pm 2l)
100 Merchant, 1int.,,.,,,,, •25 54 53
10 Metropolitan, lintall 71 71
00 Midland, 1int........... 20 11 4
s National of Australia
25 National of Liverpool lint l5 80 1 p
00 National l'rovinc. of Enz'd 42 ... ... 1101
10 Do ...... ..42
50 Nationa1.--
20 New South \Vales ..... 4 all 41. 43•
20 North-Western .......... '
25 Oriental Bank Corporation all 41 42
50 Provinc. Bank. Corpo., lint. 10 61 51
30 Provincial' of- Ireland • 25 tla as
10 Do new ' " all ... ...
100 Stand, of Brit. S. Africa, lint 2i 11 11
100 Do issued at 6pm lO 8 6
25 Union of Australia all 46 41
100 Union of Ireland, lint
50 Union of Loudon

TELEGRAPH COMPANIES.

TtraWirdarnerican Te1.,12-0-4
10 Anglo Mediter Tel., lint.— 10 Int 17 i
et Atlantic Telegraph lO 17 1J
et Do. 8 per cent. lOO 54 5i
et B. and I. Magnetic Tel.,' lint. 100 163 168
st Electric & Inter. Telegraph 100 25 257
10 Do. New 8 12 1.3 p
25 Indo-European Tel., lint lO ld pr
5 Loud. Provincial Tel. inn all 31 4
1 Do. Prefer. 10 per cent all i I p
10 liediterra. Exten. Tel., lint all 61 Ii
25 Reuter's Telegratn all 78 7i
20 Societe Trausatlant., Inn all 161 1t 171 i
st Submarine Telegraph
1 Do. Scrip all 11 lk
5 U.
ij kingdomo. g
per Tel.e eenot..,
Prey
allall 7, 4
,7,1
1) 7
5

MISCELLANEOUS.

1 AgriculturaleauMilit 204 16 17
--
2105 A
Australianug l- I x
25 Australian Mort. Laud and
Finance. lint.
10 Baugarah Tea Estates, limn 3 bd
10 Berlin Water Works, lint all 141 15
10 Do. New all 111 15
100 Bolckow Vaughan, lint.
5 Bombay Gas, Inn.
5 Do. New 4 14 itl.
51 British American Land r-• —44 - 15 17
20 British Indian Tea, lim.
20 British Ship Ownere-' • 71
.. . . •
29 Canada Company - ' all Gs to
10 Canadian Loan and Invest-
ment, lint 2i . .
im
. 9 ••
20 Ceylon Company, l. - id
20 Do. A shares - 6 .. 2 d
10 City Discount, lint 5 _ _
25 City of Loudon Real Pro-
perty, lint 9 bi 41a
30 City of Milan Improv. lint all 5 6
`25 City of Moscow Gas, limn all
50 City Offices, lint 25 21 22 d 121
50 Colonial, lint. • 2O 2d i,r
Do.
50 Comnmercia.
mercia.Union (Assur) 5 pr p
10 Company of African Mer-
chants, lint.
•40 Continental Union Gas, lint all '23 24
25 Copper Miners of England,
pref. 74 per cent.
100 Corporation of London
Mends, 1877, 41 per cent. all 1031 1011
100 Do. 1879, 4 t per cent. till 101, lost
100 Do. 1882, 44 per cent. all 103 lot
10 Credit Fon. of England, lint. all 21 2.1
50 CreditFon.of Mauritius limn •10 31 21d
st Crystal Palace lOO 20 24
st Do. Preference lOO 92 97
st Do. Gp. c Peipetual Deb lO9 105 110
20 Darjeeling, limn.
••• ..
10 Eastern Assam , , lint
50 East Indian Land Credit

and Finance, lien.
20 East India Irriga. & Canal all
32 Ebbw Vale Steel, Iron, and
Coal, lint.
100 Egyptian 9 per cent. V'roy.
Gua. by Egypt. Gov all 901 971 97: 7
20 Egyptian Cone. & Trad. lien
3 Eng. & Austral. Copper, lint 21 1
15 English and Foroizu Credit 7) 41 31d
100 Eng. and Scot. Marine, lien. s ...!1
10 Fairbaira Engineerin~
20 Fore-street \vat...awe...3,nm l2 1 2 p
100 For. & Col. Goy. Trust and
Loan Scrip, issued at £B5 all 90 n
50 Gellivara, lust. 2O
10 General Credit & Dis., lien 71 11 1.1
15 General Steani Navigation 14 27 22
50 1101'13 & Col Marine In. lint 5 21 2d
10 Hong Kong and China Gas all
20 Hudson's Bay all 12 13
20 Imperial Laud Co. of Mar-
lien.
20 Interim. Finaneial Soc. lien 5 2 11
20 internee,. Laud Credit, lint 6 6 44
50 Italian Land 5 10 p
20 Italian Irri. (Canal Cavour) all 3 34
100 Do. 6p. c. Bels., redeem
1870, issued 90 all 61 63
50 Land Securities, lien 2l 11,1
25 Loudon African Trading._ 10 7 50
25 Lon. & Ceded. Marine, lien. 6 •••11
10 London County Land and
Building, Inn.
50 Lond. Financial Asso., lien 30 22 21 81
4 Londkleu.Ounaibus.Codim. all 2 21 21
50 Loud, and Glasg. Engineer
and Iron Ship, lien 25 21 16,1
20 Loncl. & Provincial Marine 2 id pr 14
st Madras Irriga. & Canl. Una.
sp.c. by India Gov, lOO 104 108
10 Mauritius Land, Credit, and
Agency, lien. ll 11 Id
50 Merchant Shipping, lint all 32 37
60 Millwall Iron Works, line l2l ...
10 Natal Laud and Colonisa-
tion Co., lint.
25 National Discount Co., lieu 5 11
25 National Prov.
.4 • ••• ••
10 National Steam Ship, lieu, all 91 1(11
20 Nerbudda Coal & Iron, lien. 6 31 3d
10 New Consolidated Dis, lint. 3 14 10
5 New Quebrada, lien 4 8 ()"41 4i
25 New Zealand Loan & Met*.
cautile Agency,' int 11)
25 New Zealand Trust and
Loan, 1ien.............a..,
m
10 Northern Assa Te lien. 5
10 Do. B
st North Brit. Austral., Rm lOO
50 North Brit. & Mereau. In 64
25 Ocean Marine (Insurance) 5
60 Oriental Financial, lien ll
5 Oriental Gas, lint,
5 Do. New
10 Otago and Southland In.
vestment, lien
5 Ottoman Gas, lint
10 Panama, New Zealand, and
Australian It. Mail lien
5 Do. do.
at Peel R. Land & Minerl, lien 100
50 Peninsu. & Oriental Steam all
50 Do. New 1867 lO
50 Rhyniney Iron
1 Do. New
2 Rio do Janeiro City Int lien all
Do. Gas, lieu all
100 Royal Mail Steam 6O
Scottish Aust. Invest., line lOO
Do. 6 p. c. Guar. Pref lOO
Societe Fin. d'Egypte, lint lO
• Societe Uen.(l.3 l'Ernpire Ot 8
50 S. African Mort. & Inv., line, 6
25 South Australian Land all
20 Telegraph Con. & Main.,lim all
20 Thames and Mersey Marine
(Insurance), lien 2
20 Trinidad Petroleum, liffi Bl
10 Trust & Agency of Aus.,lfm
10 Do do. do. all
20 Trust & Loan Co., U. Canada " 6
50 Union Marine L'pool, lien 6
20 Union Steam Ship, lien all
23110005
IrljuU
anpnenplevtneeper(tri.i.AseD(am.stliissaoMacp:mairniiaLuleaeCat3o(),°lalnri line,lliu
I;ss6lii
100
55 00 warrant
ac.,er
rtr
so
ny
noFafi
Finance,
4tl
;7.aacupi
Cr.
alll

11 lj
7 5
9 S
48 53
9 191
13 14

7 8
i 11)
Id . ip
li 24

Steam, lim
20 West London Wharves and

Wart3housos

SPIRIT OF TAE PUBLIC JOURNALS.

Tho Saturday Review observes that it is plain enough
from what quarter the enemies of the'French Empire will
come. Where it is to look for its friends is not so easily
ascertained. Under an intensely bureaucratic Govern•
ment there must always be a large number of persons
whose interests are on the side of the Executive. The
wage-paying power will always have a strong claim on
the affections of prudent men. But there are already
some signs that this tie is losing its force. It is not to be
supposed that all the members of the Third Party were
struck at one and the same instant with a sudden sense of
the beauty of freedom. Many of them 11;0 gone down to
the departments only a month or two earlier as official
candidates, and we may be sure that a: official candidate
has always a certain stake in the continuance of the
Empire. If he does not make money by it himself, he
makes money by it in the person of his son or his
brother. It was difficult in looking over. the names
appended to the Interpellation to forget the ugly
proverb which chronicles the prudence of rats.
There is something extremely catching in self-
preservation, and if men have been found to desert
the Empire while its ostensible strength was unimpaired,
their numbers are not likely to decrease when the system
has been discredited by revolutionary changes and
weakened by the death of its founder. Nor is more reli-
ance to be placed upon the Conservatism which has been
the Empire's best support in former years. Conservatism
in France is neither a principle nor a tradition ; it is
simply an instinct. As such, it has undoubted strength ;
but then, from the Imperial point of view, it has also its
characteristic weakness. It justifies its title to being a
providential inspiration by being always on the side of the
strongest battalions. It has held stoutly by the Empire,
because in the Empire it has seen safety. So soon as the
Empire ceases to impress the world with strength, it will
cease to have any attraction for French Conservatives.
They will be rather anxious to dissociate themselves from
its falling fortunes. It has protected them against
socialism for seventeen years, but now that its power of
protecting them seems vanishing, it is time to look else-
where for help. The army may offer a more trustworthy
support for the moment, but no one can say to what
extent the apparent divorce between the soldiers and the
people is really genuine ; and the army, even when
it is most a machine., is a machine in the
hands of its generals. French troops have
sometimes shown an unexpected sensibility to popular
impulses, and even if their professional feeling remains
unimpaired, it may not lead them to support a sovereign
who for some years to come can only be a cipher in the
field. Is it any wonder, then, that France trembles with
suppressed excitement, and that the European Exchanges
watch for each telegram from Paris with an uneasy feeling
that it may prove the herald of a catastrophe? While
the Emperor lives there may be peace ; but what when
the Emperor dies?
The Spectator thinks that Lord Ifartington's speech at
the Cutlers' Feast at Sheffield was not meant exactly to
rally together the proprietary interests of the present
House of Commons against all other interests for the con-
sideration of the Irish land question. But it was not a
very wisely-toned speech, and reads uncommonly like a
note of warning from one of the greatest proprietors in the

Cabinet that all sorts of dangerous proposals are on the
cards, which it will require resolute combination amongst
men of all political opinions who are attached to the rights
of property to resist. Lord llartington says expressly
that the Irish land question should not be considered as a
party question—should not, as he rather mysteriously
puts it, be 'made "the battle-horse of party" (does he
mean the battle-ground? the battle•horse of party would
usually be what parties fight with, and not what they fight
about) tbut should be considered without relation to party
rivalries. He then hints, with an emphasis and.signi-
tieance that will convey to. many people his wish for
external aid against members of his own party, that "it
is not only the property of Irish landlords, it is not only
the property of English landlords, it is property of all
kinds which-will be at stake. For do not suppose for a
moment that any discussion wilt arise next year, or that
any measure can be passed with Out principles and doctrines
being enunciated equally hostile, not only to the interests
of landlords, but of capitalists of every description." As
Lord Hartington probably knows that nothing has the
slightest chance of being passed which is not supported by
the Government with all its weight, the legitimate
inference would be—we do not say it is the intended one,
for Lord Ilartington is sometimes a clumsy sp?aker, who
need not necessarily be credite.l titi ith having put into his
words what other people take out of them - that the

speaker fears the tendency of some members of the Cabinet
to which l►e belongs, and is anxious thus early to alarm
the proprietary fears of the country into making a stand
against these tendencies. if that was his meaning, his
speech would bode very ill for tl►e unity of the Govern-
ment. With all deference to Lord Ilartington, we do not
think that to make the land question what he calls "the
I,attle-horse" of money interests, instead of the
," battle-

horse " of political or even religions sympathies, is at all

likely to improve the character of the warfare. The new
antagonisms will be sharper than the old, and much vul-
garer as well. Political principles are usually interests and
something more— it. terests raised out of pure selfishness
into a higher region—interests transformed by disinterested
sympathies. While Liberals feel that they are fighting for
their old cause, the Government of Ireland on principles
as near as may be to those on which Ireland, if out of the
Union • would wish to govern herself—while Toriei

feel that they are fighting for the integrity of the
Empire, and resisting a process which they conceive to
threaten the vitality and unity of their country, there
will at least be dignity and nobility about thh; strife. But
if the advice of the alarmist junior in the Cabinet is to be

followed, and men, forgetting their higher political diffe-
rences, are to range themselves instead according to the
instincts of their pocket and the timidities of their purse,
we may no doubt have the Irish land question taken out
of the category of party questions, but only that it may
become the rallying-point of a far more ignoble struggle—
one in which companions in arms will desert each other
under pretext of fidelity to the higher promptings of
menaced rent-rolls and endangered investments.

The John Bull declares that few things have been
more noteworthy than the wisdom and Church•like con-
duct of the archbishops and bishops of the Irish Church
in this epoch of trial and difficulty. They have taken the
one step which was needed to vindicate the continuity of
their Church. They have summoned their clergy to meet
in synod. It will probably not be long now before the
Convocation of the clergy associates with itself a repre-
sentative body of the laity ; and where this is done, and
the two bodies work in harmony under their archbishops
and bishops, the hour of peril for the Irish Church will
have passed. There will be a national Church of Ireland.
It will be for the Roman intruders then to beware in their

-
turn. But this we would again impress upon the Synods
of the clergy, and then assume this of the laity—that
they must each respect the other's rights, and not
encroach on matters not proper to their sphere. There
are rumours of the Orange laity insisting on the revision
of the Prayer-book ; and an injudicious bishop has given
some countenance to the rumours by an expression as
injudicious as that he applied to Mr. Gladstone. The
Prayer-book is the law of doctrine for the clergy ; they
are bound by it ; they have to abide by it. It is not foe
the laity, or for a mixed Convocation of clergy and laity
to alter or revise the Prayer-book. The clergy must keep
their Convocation, consisting of the two provincial
Synods, fused together for discussions of doctrine. They
must carefully maintain its rights and preserve its con-
stitution, for they will need it in the future ; while in the
Convention formed by the clergy and the laity the future
organisation of the Church must be settled. And may it
be settled upon a wise and Church-like foundation ! We
shall watch them not without eager and interested
attention.

The Economist remarks that two new influences have
lately acted on the money market, and strangely they
appear to have co-operated and produced the same effect,
though if examined they ought to have in part counter.
acted one another and produced opposite effects. The
sudden death of the Emperor Napoleon might and pro-
bably would cause much confusion in France and much
alarm in Europe ; but, judging from past analogies, it
would contribute to cheap money. After February lA4B,
much money was sent here from the Continent ; in a
period of diffused continental trouble, such as a great
French crisis always creates, English investments have
commonly been looked on as the only safe ones. The
spare money of Europe is sure to come here. A revolu-
tion caused by the sudden death of the Emperor would be
more likely to cause this than any other kind of revolu-
tion. Everything in France has so long in reality
depended on the Emperor only that no one would say
what his death would do or would not do. It would cause
more uncertainty than had ever been caused before, and
in proportion to that uncertainty would be the increase
of the money coming here. More people would
doubt of all continental securities, and more there-
fore would transmit their money to England.
Little English money would go abroad, and much foreign
money wonld come here. The effect of the great fall in
securities at Vienna—the second cause which has this
week affected the Xtock Exchange—is, as far as it goes,
precisely the contrary. It has long been known that
Austria was going " too fast." The banks and other
lenders have been lending too much: the active classes
have been doing too much. Both are now stopped. The
day of reckemng has come. Those who audaciously
made engagements have now to perform them, and, in
consequence, they press on the market all saleable secu-
rities ; the price of such securities suddenly falls, and the
general and smble» depression causes distrust and appre-
hension on every Stock Exchange. Now this event, so
far suit affects the English money market at all, will tend
to dear money. for it is sure to draw some money from
hence. The securities depressed are mostly continental
securities of a good class, su'Ai as German banks and capi-
talists held as a reserve, and such as they can offer sud-
denly on the market with a good chance of sale. And
these are the sort of securities which are more and more
coming into deserved favour with English capitalists.
The Vienna panic therefore will not probably produce
any very great effect here, though these will be good so
far as they go just now when we have more money than
we well know what to do with. In all respects, it is the
opposite of the event with which it has been coupled.
The death of the Emperor is a supposed event of great
size, which, if real, would cause cheap mmey. Thepanie
at Vienna is a real cause of small magnitude, which, as
far 48 it acts, will tend to cause dear uloneT.