The Sun.
London, England, 1869-02-08 00:00:00

THE SUN, _LONVON, MONDAY EVENING, FEBRUARY 8, 1169.

JOINT-STOCK BANKS.

Closing Business
Share NAIIZ. Paid. Price. done
10 Agra Limited, A all 11 111 Ilk
I 0 Do B lO 4 41 4i af
50 Albion
100 Alliance, Limited
20 Anglo-Austrian
20 Anglo-Egyptian, lim all 1, 19
20 Anglo-Hungarian
20 Anglo-Italian 1866, limited 10 6 5
40 Australasian
20 Bank of British Columbia all 10 11
20 Do issued at 2 pm....., 5 ... --
25 Bank of Egypt
20 Bank of Otago, lint
25 Bank of South Australia all 31 3 1
50 Bank of Victoria, Australia 25 37 39
10 Bank of New Zealand__ all 17 19
50 British North American
20 Chartered of India, Austra-
lia, i. nd China all 201 211
25 Chartered Mere. of India,
London, and China all 29 301
20 City lO 113 121 111 I
100 Colonial 25 39 41
10 Consolidated, lim.
50 Delhi and London, lim
50 East London, lim 5 11 01
20 English and American, Hai 10 ... ...
20 English Bank of Rio de Ja-
neiro. lim lO id pr
20 English, .7. ei,ttish, and Aus
tralian Chartered
281 Hong Hong and Shanghai
Bank Corporation all ... ...
281 Do new .si 4 f
100 Imperial, lira 2O. 17 ls
20 Imperial Ottoman lO 1 11 121 1 1
.5 lonian all 25 17
25 Do new
20 Lnd Mortgage of India, lira4s
pr 131;
100 Do .5 p. e. Debs.lB6l, 30 all 76 75 74
30 London Bank of Mexico
and South America, lim. 20
100 London and Brazilian, lim. 45
20 Bo • new 71
100 London & River Plate, lim. 40
25 Do new 10
20 London Chart. of Australia all
50 London and County 2O
20 Do new. iss at 20 p.m, 16 pd ll
50 London Joint Stock 1
20 London and South African al
100 London & S.-Western, lira, 20
50 London & Venezuela, lim l2l
100 London and Westminster. 20
100 Do Scrip, ass at 10 pm 2O
100 Merchant, Um 2.5
10 Metropolitan, lim all
100 Midland, lim 2O
5 National of Australia
25 National of Liverpool, lim l5
100 National I'rovinc. of Eng'd 42
10 Do . 42
50 National. 3O
20 New South Wales all
20 North-Western 7l
25 Oriental Bank Corporation all
50 Provinc. Bank. Corpo., lim. 10
100 Provincial of Ireland ......
10 Do new all
100 Stand. of Brit. S. Africa, lira 25
100 Do issued at 6 pm. 10 ... ...
25 Union of Australia all 45 47 45/ 61
100 Union of Ireland, lim
50 Union of London

6 4
32 28
61 51
6 8
11 1:1 1l 12
221 231
491 501 51
401
32 33 321
1J 12

ci.- 63 62/ 2
0 61
6 4
6} 7/
id pr
2 3
3 1 d

... - 13 ti

MISCELLANEOUS.

10 Anglo-American Tel., lira all 224 224
10 Anglo-Mediter. Tel., lim 10 13 134
10 Anglo-Mexican Mint all 164 174
at Atlantic Telegraph lO 34 36
at Do. 8 per cent. lOO 80 8 I
25 Australian Agricultural
25 Australian Mort. Land and
Finance, lim.
10 Baugarah Tea Estates, lim g 7 od
10 Berlin Water Works, lim all 134 144
10 Do. New 6 3 34
100 Bolckow Vaughan, lim.
5 Bombay Gas, lim. - 6
5 Do. New 4 11 ld 3
50 British American Land 44 16 18
st B. and I. Magnetic Tel., lim lOO 166 17 t
20 British Indian Tea, Jim— all 2 3
20 British Ship Owners 74 ... ;..
29 Canada Company all 64 gs
10 Canadian Loan and Invest-
ment, lim 2l 24 14d
20 Ceylon Company, lim.
20 Do. A shares
10 City Discount, lim 5 44 31
25 City of London Real Pro-
perty, lim 8 41 31d
30 City of Milan Improv. lim all 5 10
25 City of Moscow Gas, lim all 2 3
50 City Offices, lim 25 234 2243
50 Colonial, lim.
Do.
50 Commercial Union (Assur) 4 1 1p
10 Company of African Mer-
chants, lim.
20 Continental Union Gas, lim all 18 is
25 Copper Miners of England,
pref. 71 per cent.
100 Corporation of London
Bonds, 1877, 41 per cent, all 104 105
100 Do. 1879, 4/ per cent, all 1041 1054
100 Do. 1882, 44 per cent, all 1034 1041
10 Credit Fon. of England, lim. all 24 24 24
50 Credit Fon.of Mauritius lira lO 35 2#d
at Crystal Palace lOO 10 21 204
at Do. Preference lOO 34 39
at Do. 6p. c Pet petual Deb lO9 105 101
20 Darjeeling, lim.
I 0 Eastern Assam, lint. 64 „. ...a
50 East Indian Land Credit
and Finance, lim
20 East India Irnga. & Canal all 17 18
32 Ebbw'Vale Steel, Iron, and
Coal, lim.
100 Egyptian 9 per cent. V'roy
Gus. by Egypt. Gov all 924 934 I'3 141
20 Egyptian Com. & Trad. lim 6 44 44
st Electric & Inter. Telegraph 100 255 265
10 Do. New 8 10 12p
3 Eng. & Austral. Copper, lira 24 f i
15 English and Foreign Credit 74 5 44 34
100 Eng. and Scot. Marine, lira. 8 ..
...d
10 Fairbairn Engineering 5 1 lid
20 Fore-streetWarehouse,liin l2 pr 1p 13
100 For. & Col. Gov. Trust and

Loan Scrip, issued at £B5 all 86 88 83
50 Gallivant, lim. 2O ... ...
10 General Credit & Dis., lim 71 1f 11 51
15 General Steam Navigation 14 28 29 29
old
10 Moms & Col. Marine In. lim 0,. 5 41 d
10 Hong Kong and China Gas all ... ...
20 Hudson's Bay all 131 141
20 Imperial Land Co. of Mar-
seilles, lim.
25 Indo-European Tel., lira._ 10 ... ...
20 Interna. Financial Soe. lim. 5 11 1 A
20 Interns. Land Credit, lim 6 6 4€l
50 Italian Land 5 11 1(1
20 Italian Irri. (Canal Ca your) all 31 4
100 Do. 6p. c. Bds., redeem
1870, issued 20 all 63 115
50 Land Securities, Bin 0 n 21d 3
25 London African Trading lO 7 5d
25 Lon. & Caled. Marine, Jim 6 ••• • -el
Laud and
10 Londonßui County
lding,lini.
5 Lond. Provincial Tel. lim all 3+ 3+
1 Do. Prefer. 10 per cent. all I f.l)
50 Lond. Financial Asso , lim 30 22 20 81 9
4 Lond.Glen.Ornnibus.6.lim. all 11 2 2j
50 Loud, and Glasg. Engineer
and Iron Ship, lim 25 22 17d
20 Lond. & Provincial Marine 2 ld pr
st Madras Irriga. & Caul. Gus.
sp.c. by India Gov. lOO 104 105
10 Mauritius Land, Credit, and
Agency, 1im....
10 Mediterra. Exteu. Tel., lim all 4 41
50 Merchant Shipping lim all 32 37
80 Miliwall Iron Works, lim l2l ..• •••
10 Natal Land and Colonisa-
tion2s National Discount C 0.,, lim 5 111 12/ 111
Co., lim.
...
25 National Prov. Marine ,
lint 4 4 3d
10 National Steam Ship, lint all 81 91
20 Nerbudda Coal & Iron, lim 6 4 3d
10 New Consolidated Dis. lim 3 11 Id
5 IN ew Quebrada,
lim 4.4.0 41 3k
25 New Zealand Loan & Mar
cantile Agency,lim 2l I IP
25 New Zealand Trust and
Loan, 1im..,.......
10 Northern Assam Tea,-lim-. 5 7 6
10 Do. B ........ all 1 2
at North Brit. Austral,,, Jim lOO 47 52
50 North Brit. & ktercan. In 6l 19 20
25 Ocean Marine (Insurance) 5 141 15 •
SO Oriental Financial, lim ll ... -A
.5 Oriental Gas, Jim.
5 Do. New ........
..
1 113
10 Otago and Southland In
vestment, lim
5 Ottoman Gas, lim all 11 21
10 Panama, New Zealand, and
Australian IL Mail lim all 1/ 1
5 Do do.
st Peel R. Land & Minerl, lim 100 34 3 i
50 Peainsu. & Oriental Steam all 47 49
50 Do. New 1867
25 Reuter's Telegram
50 ithymney Iron
15 Do. New
...
Im..
25 Rio de Janeiro City
,lim all 17 18
20 Do. Gas, lim all 231 241
100 Royal Mail Steam 6O 40 41 411
st Scottish Aust. Invest., lim lOO 83 88
at Do. 6p. c. Guar. Pref lOO ••• •••
20 Soci6t6 Fin. d'Egypte, lim lO 7 6.1
20 Soci6te Gen.de l'Empire Ot 8 3 4p
50 S. African Mort. & Inv. lim 6 ••• -•
25 South Australian Land
st Submarine Telegraph llOO 100 110
1 Do. Scrip all 11
20 Telegraph Con. & Main.,lim all 171 1 181 18j 1
20 Thames and Mersey Marine
(Insurance), lim 2 21 21
20 Trinidad Petroleum, lim Bl
10 Trust & Agency of Aus.,lim 1
10 Do do. do. all . I ...
20 Trust & Loan Co., U. Canada 5 d P
50 Union Marine L'pool, lim 5 4 41p
20 Union Steam Ship, lim all 22 24
15 United Discount Corp., lint 6 1d p
SU. Kingdom Tel. Co., lint all 51 64. 6.
a Do. 10 per cent. Pref all gt 31p
20 Universal Marine (In.), Him 5 1 11p 71
10 Upper Assam Tea, lim all 21 31
30 Van Dieman's Land 2Bl 7 a
00 Viceroy of Egypt, 7 per
cent. (Mortgage) Loan— all 771 781 78
50 Warrant Finance, lim. l2 12 10(1
50 West India and Pacific
• Steam, lim 2O 21 11
20 West London Wharves and
Warehouses lO

I 1p

COLONIAL OOVERNMENT SECURITIES

- British Columbia, 6 per
- Uan.Gov.6
100 -
-- Do. 1895.. llop
1877-bt ......... lOO 1051 1061 1051
- Do. 6P. 0. Feb. & Ang.• lOO It 4 106
- Do. sp. 0. Mar. & Sept 100 104 11,6
- Do. sp. 0. Jan. & July 100 95 96 951 f
.o.Jan.,&July
- Do. sp. o. Inscribed sk 100 90 92
- Cape G.Hope, 6 p.c.1873 100 102 104
••• Do.Ap1.&001 1890-1900 100 111 113
- Do. do 1880-90 100 107 109
- Do. Jan.&Jnly, 1891 lOO 108 Ile
- Do. IS per cent. 15 April
and 16 Oct., 1900 lOO 100 102
- Ceylon, Nov 1878, 6 p.c lOO 108 110
- Do. 1872, do lOO 105 107
- Mauritina, 6p. o, 1873,
- Jan. and July
- Do. 1878 .. • 1)0 106 108
- Do. 1882, May and Nov... 100 106 108
- Do. 1895, Feb. & Aug.... 10 106 108
- MElbourne Corporatn.,..
1667-75, 6 per 0tnt...... 1.0 100 100
- N.8.G0v.6 p.o.Ja.&July .. 100 104 Its 1041
- Natal 6 p ot, Apl & Oct... 10) -
- Do 6p 0. 81,4 y & Nov 1( 0 106 108
- N. S. W. b p.c., '7l to '76 lOO 99 1 1
- Do. 5 p.c. 1888 to 1896 lOO 99 108 991 9
- Do. 5 p.c. rd.'67 to '75
- N.Zealand, 6p. 0.1891 IGO -- -
- Do. 6 per cent.....
- DoJan,Aprl,July, 100 931 £4l 931
Do 6 p Mar & Sept '9l lOO 108 110
- Do June .t Deo , 1?,91
Do Prov. of Auctld. 1
- tt striei 1& 2, 1896 .. L-0 -
- Nova Scotia 6p. a.Jan...
- and July. 1875
Do 1b513..
- Qneenslnd. 6p. a 'B2 5 lOO 106 107 1061
- Do 1891 - ••• lOO 1051 1061
- Do. 6 p 0.1869.. - -
-- Do. do. A 2 . .. 100 103 110
- Do rd. 1193...... • •
.71 499 111 211

SPIRIT OF THE PUBLIC JOURNALS;

The Times observes that the Irish bishops meet and
make public complaint that they have no authority to
negotiate in behalf of their Church, and announce to the
world that they must and will protest against the charges
in prospect, and resist them to the utmost. They do not
observe upon the fact that they have had to ask for the
liberty of meeting in Convocation, and that they have
only been refused what they did not possess. Of course
they do not allude to the historical fact that the
Irish Convocation has not met for a very long
time indeed, and that it never did meet with-
out disgracing itself in some way or other, as,
for example, when it protested energetically against any
toleration of Papists, in the reign of Charles I. Neither
could they be expected to notice that the English Convo-
cation has hitherto deli berated to no purpose whatever,
not having been allowed to go beyond deliberations and in-
operative resolutions, and having only betrayed the weak
points of the Anglican position. Theyare quite aware that
a Convocation represents on7y the clergy,and is a most clumsy
and inadequate representation even of the clergy, represent-
ing them in their least clerical and least independent aspect.
No such body as is here indicated could work at all till it
had Leen many years in harneFs, and had acquired the
habits and usages of deliberation. Of course it would be
as easy to collect so many prelates, dignitaries, and so-
called proctors within four walls as it would be to herd
together so many head of black cattle, but in neither case
would anything follow but some gregarious impulses, apt
to begin and end in nothing. Even the alleged decisions
and judgments of such a body would, probably, not be
decisions or judgments in any true sense. The only thing
probable is, that the most violent, the most unreasonable,
the most infatuated, and the most impracticable would
carry the day, dragging in their train a number of
others weakened and paralysed by internal conflicts
of reason and passion, and compelled to do others' bidding,
because unable to decide themselves. Nobody here wants
to drag that unhappy Church in the mud, even if it must
submit to the loss of ill-gotten wealth, reflected lustre, and
borrowed plumes. But if it should be pitted in " Convoca-
tion," and prepared, as it were, for a stand-up fight—at
least for a noisy altercation—no doubt its best friends
would have most reason to deplore the inevitable results.
Neither in negotiation, nor demonstration, nor argument,
nor abuse would it be a match for the antagonist Church.
In one thing it can possibly triumph, and that is in a dis-
play of common sense, resignation, and modesty.
The Telegraph, in discussing the constitution of an Irish
ecclesiastical and deliberative council, observes that one
important question with reference to the constitution of
these assemblies affects the presence of the laity. There
seems abundant evidence that in ancient times laymen
were regularly invited. The citation to a provincial synod
at Drogheda, A.D. 1411, is addressed to the abbots, priors,
clergy, and people (agates, priores, clerum, et populum)
" whom it concerned or might concern to be present at that
council." Precisely the same form is followed in the
summons to a synod of 1427. From these authorities it is
;leer that laics as well as clerics might be present, if they
had a legitimate interest in the matters to be discussed.
There is considerable evidence that the English Convoca-
tion has occasionally summoned learned laymen to
assist in its deliberations. The mode of constituting
the assemblies which the Irish prelates now propose to
hold is a matter for grave consideration. The bishops
one and all recognise the importance of conferring with
the laity ; but, unless the representation of laics is ade•
quate, the resolutions adopted can have little weight. If.
to speak plainly, the assembly should be " packed," it wil,
merely reiterate old protests and party cries with which
we are familiar, and will not be recognisable as a consulta-
tive assembly. If, on the other hand, the Irish Church

will speak out by an impartially constituted Parliament,

her deliberations will demand and receive the most.
profound respect and attention from English statesmen.
The Daily News considers that the archbishops anc;
bishops of the United Church of England and Ireland
have justified the conduct of the Government in refusing
to advise her Majesty to summon a Convocation of the
Irish provinces. The bishops and all other persons
friendly to the Protestant Establishment in Ireland are
entitled to use every honourable expedient to procure th.
rejection or modification of Mr. Gladstone's proposal,
in either House of Parliament. But there is nc

nee in going to Mr. Gladstone, or in supposing

that he can be more committed by a definite
bill in 1869 than he is by the definite resolutions passed 0
his instance in 1868, and by the issues which he placed
before the country in the, general election. In the Bishop
of Down's protest an acho is audible of the voices whicl
are beginning to be beard, now from veteran politicians,
now from dignitaries of the Broad Church, now in this
magazine and now in that newspaper, suggesting that
Mr. Gladstone and the Government are pledged
to nothing definite. A NIVALIe hope seems to be
entertained that his feelings as a Churchman
may, if judiciously worked upon, prove stronget
than his consistency, firmness, and honour as a statesman.
Mr. Gladstone cannot feel flattered by the supposition
that he is made of such soft and ductile stuff as to admit
of his being beaten into this shape or into that, as
political exigency or ecclesiastical sentiment is brought to
bear upon him. He and the Government of which he is
the chief are pledged to the disestablishment and disendow-
ment of the churches established or endowed in Ireland.
This accomplished, the only thing which the State will
have to do with them will be to leave them alone.
The Morning Post makes some remarks upon the modes

in which the law relating to imprisonment for debt is
habitually administered. The law of arrest is in itself a
bad law, indefensible upon principle, and not to be justi-
fied even on the lower ground of expediency or policy,
and it has, in addition, been long condemned by public
opinion. It might have been supposed that a law so
circumstanced would be administered with at least
ordinary care and consideration. It appears, how.
ever, that such is not the case. The administration
of the condemned law is as objectionable ane
improper as it is possible to make it. The hie
sheriff of the county, or the sheriff of the municipality,
according to circumstances, is esteemed to be the authority
empowered to make the arrest of the debtor against whose
person execution has been issued. It is so provided by
the Act, and he is responsible legally for all acts done in
consequence, and for all measures adopted for securely
detaining the arrested individual. Practically, it turns
out that the sheriff neither discharges nor attempts te.
discharge his allotted functions. Practically, he
a myth, and has no more to do with the matter.
than the Tycoon of Japan. He delegates his authority
and power to other parties, and washes his hand
ui
not as the Roman Governor did, before the people.;
but privately behind the back of the public.
After referring to the cases of Captain Lane and Si)
Gerald Fitzgerald, which have recently engaged public
attention, it says that it is evident from the disclosures
which have been made through the trials to which we have
alluded that the existent state of things cannot be per-
mitted to continue. It is a scandal to a civilised country.
and a discredit to every succeeding Government that
neglects to deal with it. Either imprisonment for debt
must be peremptorily abolished, or the system under which
the law that places that mode of recovery or punishment
in the hands of the creditor must be at once subjected
to a thorough sifting and reform. At present the law ia
defeated and discredited, and creditor and debtor are alike
injured and despoiled by the uses to which it is put.
The Standard considers that the volunteers have been
most unfortunate in the time chosen for bringing forward
their petition, inasmuch as the Government is so tied ancj
bound by the rash promises of its leaders to reduce the
military expenditure of the country, that it is really not
in a position to entertain proposals for an addition of any
considerable sum no matter how strong may be the claim
put forward, or how just the demand. The War Minister
is pledged to make a sensible reduction in the army
estimates, the entire framing of which is in his own
hands ; and he has got ha.ads full with the work,
which, according to the Liberal programme, must be
carried out, no matter whether the result, in a military
point of view, be good or evil. And so, when the
leaders of the volunteer movement come forward with a
demand for so many scores of thousands of pounds to be
added annually to the estimates, forming a permanent in.
crease of charge, the answer simply is that the money will
not be given, irrespective of the question of whether i
would be good or bad for the country in the lon
run. This hits the volunteers very hard ; for they h
looked forward to the advent to power of tine party whiej,
is professedly opposed to the standing army, and had con•
sidered that it was almost certain to meet their demands.
The superiority of the volunteer force formed part of the
election programme with more than one Liberal candidate,
for there is a weight of political power and influence in
their ranks ; but the Government is now firmly seated in
the saddle, and it may afford to cast aside those who helped
it up into its place.

The Star, in considering Mr. Redgrave's report on the
Factory Acts, thinks that some clauses greatly need
revision. It would be well for Mr. Bruce to consider and
revise the whole of the clauses which refer to certifying
surgeons. Those which bear upon the reporting of acci-
dents entail much unnecessary trouble on the employer,
but the expense is borne by the Treasury. The necessity
imposed upon occupiers of factories to obtain certificates
of age from the young, persons in their employment causes
them, however, both great inconvenience and much
expense. This is just another of those require-
ments insisted upon under the old Factory
Acts for which there is no longer the slightest
necessity. The compulsory registration of births
has now been so long enforced throughout the United
Kingdom that there can be no difficulty whatever in
,btaining an extract from the Register of Births for any
child or young person about whose age en inspector or
sub-inspector might feel a doubt. It would be quite im-
possible to estimate the amount which the employers of
labour in the manufacturing districts of Lancashire, York-
shire, and Cheshire have to pay for certificates of age,
which could be had in a much more satisfactory way and
at a much cheaper rate from the district registrars. With
the advanced rate of wages, an increasing foreign com-
petition, and heavy imperial local taxation, manufacturers
have now sufficient difficulties to contend with without
being called upon to submit to one =lv _Oligatiou
-
twessitvimunik4

• •