The Sun.
London, England, 1869-08-23 00:00:00

THE SUN, LONDON, MONDAY EVENING, AuGusr 23, 1869.

JOINT-STOCK BANKS.

Closing Business
Share NAME. Paid. Price. done
10 Agra Limited, A all 11 114 In
10 Do B lO 31 41
50 Albion
00 Alliance, Limited
20 Anglo Austrian
20 Auglo-Egyptian, lim all 221 231 p 231
20 Anglo-Hungarian
20 Anglo-Italian 1866, limited 10 5 4
40 Australasian
20 Bank of British Columbia all 11 13
20 Do issued at 2pm ~.. 5 5 4
25 Bank of Egypt
20 Bank of Otago, lim.
25 Bank of South Australia all 30 32 32
50 Bank of Victoria, Australia 25 37 39
10 Bank of New Zealand all 151 164
50 British North American
20 Chartered of India, Austra-
lia, ',lid-China all 18 19
25 Chartered Mere. of India,
London, and China all 321 3CI 33
20 City lO 11 12
100 Colonial '2s 38 40
10 Consolidated, lim.
50 Delhi and London, lim 25 •
50 East London, lim 5 :ii Yi
20 English and American, lim 10 ... -•
20 English Bank of Rio de Ja-
neiro, lim lO pr 1p
20 English, Scottish, and Aus-
tralian Chartered
281 Hong Kong and Shanghai
Bank Corporation all 36 38
284 Do new ll4 4. .3
100 Imperial, lim 2O 15 16A
20 Imperial Ottoman lO 24 21
25 lonian all 19 22
25 Do new 5 6 3
Lnd Mortgage of India, lira 4 34 31
100 Do sp. c. Debs.lB64, 30 all 76 76 80
100 London Bankj of Mexico
and South America, lim. 20 7 6
100 London and Brazilian, Urn. 45 30 27
20 Do new 74 541
100 London & River Plato, lim. 40 6 8
25 Do now 10 11 2 p
20 London Chart. of Australia all 23 t '241
20 London and County 2O 491 501 494
50 Do new, iss at 20 p.m, 16 pd ll ... ...
Loudon Joint Stock 1 311 321 304
London and South African al 8 9
100 Loudon & S.-Westeru, lim, 20 13 11
50 London & Venezuela, lint_ 121 ... ...
100 London and Westminster 2O 571 581 864
100 Do Scrip, iss at 10 pm 2O ... ...
100 Merchant, lim 25 61 53
10 Metropolitan, lim all 71 71
00 Midland, Urn 2O 11 i
5 National of Australia
25 National of Liverpool, lim l5 lid a
lp
00 National Provinc. of Eng'd 42 ... ...
10 Do . 42 ... ...
50 National. 3O ... ..
20 New South Wales all 41 43
20 North-Western
25 Oriental Bank Corporation all 41 42
50 Provinc. Bank. Co rpo., lim. 10 61 51
30 Provincial of Ireland..
10 Do new. all ... ...,
100 p
Stand. of Brit. S.
issuedAfarit 6 Africa, lim
pm
12 0 8
8
5 14 11
100
25 Union of Australia all 46 43 461
100 Union of Ireland, Um
50 Union of London l5 35 36

TELEGRAPH COMPANIES.

lb --Mfro-Athericau Tel., lim) all luk 20k 20k 20
10 Anglo Mediter Te1.,1im.... 10 1,1 168 16k
st Atlantic Telegraph lO 18 20
st Do. 8 per cent.
st B. midi. Magnetic Tel., lira lOO 165 175
st Electric & Inter. Telegraph 100 265 270 265
10 Do. New 8 12 14p
25 Indo-European Tel., lim lO Id pr
5 Loud. Provincial Tel. lim all 31 4
1 Do. Prefer. 10 per cent all i 1p
10 Mediterra. Exten. Tel., lim all 5 6
25 Reuter's Telegram all 79 81
20 Societe Transatlant., Jim all 19; 201 198 i
st Submarine Telegraph
1 Do. Scrip all 18 lk
5 17. Kingdom Tel. Go., lim all 6i 71
5 Do. 10 per cent. Pref all i t 5 p

SPIRIT OF TILE PUBLIC JOURNALS.

Let the world take notice, says the Times, that if any
event of general importance—say a revolution in Paris, a
rebellion in China, or an Irish outbreak—is on the eve of
occurrence, it should be, if possible, postponed beyondthis
week, but on no account, at any rate, be allowed to occur
next Friday; otherwise a by no means small or uninfluen•
tial section of the world's inhabitants—the Anglo-Saxon
race—will have neither time nor inclination to attend to
it. On• that day all English-speaking men will have a
much more important matter of their own to settle. The
momentous question has to be decided whether an American
or an English University can turn out the best oars-
men. It fortunately so happens that in each country
a leading university simultaneously boasts the posses.
sion of an excellent crew. Good rowing, like good
boxing, must in reality be the same all the world over,
however accidental circumstances may diversify its
external characteristics. The Harvard crew have not
been accustomed to pull on water like that of the Thames
at Putney, and they have, therefore, very wisely modified
their pulling to suit the change. If the Oxford crew
went to the Charles River, they would have to do the
same thing. But the essential qualities of skill, pluck,
and strength, which have won both crews their many
laurels, require no change, and will on Friday be put,
with perfect fairness, to the test. Whichever crew wins,
they must be recognised as the better oarsmen. In saying
this we do not wish in the slightest degree to detract from
the very high praise deservedly due to the Harvard men
for the truly chivalrous spirit in which, throwing
all obstacles and prejudices to the winds, they
have come all this distance to encounter Oxford on its own
water, in its own way, and also for the prompt versatility
so characteristic of their nation, with which they have
adapted themselves to their novel position. They have
done all they can to deserve success, and, if they gain it,
no true Englishman, however much he may naturally wish
his own side to win, will grudge it to them. We are not
without expectations of seeing a really good race, notwith-
standing the confidence with which each party has been
predicting an easy victory for its own side. We can only
hope that the day may be fine, that both crews may come
to the start in prime condition, that they may have equal
luck, and that the best men may win.
The Post refers to the Duke of St. Albans having in-
vited the parishioners of Redbourne to assist him in the
appointment of their vicar. His grace, we scarcely need
say, is the patron of the living of Redbourne, and the
parishioners are his tenants. This invitation, however,
which, in passing, it must be observed, does not amount
to a renunciation of the Duke's right of patronage, appears
to have been suggested by the thought that " if the
laity generally had more voice in the selection of
their ministers, it would immensely strengthen
the hands and materially increase the useful.
ness of the clergy." The Duke's letter should
therefore be considered rather with reference to
the principle which his Grace has so well expressed in
these words, than by the obvious explanation that is to be
found in the relations subsisting between a good landlord
and an attached tenantry. It is a question whether the
existing system might not be maintained upon a footing
more consistent with the requirements of the epoch if
patrcns were to consult the wishes of the parishioners,
whose interests are involved in the appointments they
have to make, as the Duke has done, and also whether
that would not give, on the whole, a more accurate fulfil.
ment of the obligations of patronage ? It is clearly
desirable that the government of a National Church
should be national— that is, that the Church, as
delned by Arnold, should govern itself. But,
what is equally evident and more pressing, the
security of the Church, as an Established Church, con-
sists in, and depends upon, the laity having that voice in
the selection of their ministers which the Duke of St.
Albans has most considerately and wisely accorded to the
parishioners of Redbourne. It vindicates the ancient
Protestant right of the people to a substantive authority
in the government of their Church, and may therefore
help to disperse apprehensions which, however exagge-
rated, are reluctantly entertained.
The Standard hopes that the Duke of St. Alban's
example will find many imitators among the holders of
Church patronage. Nothing can be snore fatal to both
clergymen and congregations than the practice, conse-
crated by long usage, of pitchforking clergymen into
livings without the smallest regard for the susceptibilities
of the parishioners. It is the source of the great bulk of
the scandals and heartburnings which exercise such a
disastrous influence upon the welfare of the Church.
To it must be attributed the spectacle so often wit-
nessed of a pastor and his flock ranged against each
other in irreconcileable antagonism. We see no reason
to complain of the way in which the good things in
the gift of the Crown arc apportioned, but we cannot
say as much for the bishcps, the colleges, and the
deans and chapters, from whom we have a right
to expect the utmost care, fairness, and dis-
crimination. But what is the real truth of the matter?
How many instances can be recalled in a year of a
bishop promoting a curate to a living, and is it not
notorious that the richest prizes are usually given—not to
the clergy who have toiled all their lives in the diocese,
but to personal friends, college chums, and strangers from
a distance? These are simple facts, and we have the evi-
dence of them before our eyes. It is not, as a rule, the
clergy of the diocese who receive the best things in the
bishop's gift, and it is something like a scandal that it
should be possible to say so. As to the deans and chapters,
and the colleges, they regard their patronage as a trust
created fur their own exclusive benefit, and they exercise
it scrupulously in that sense, and they divide it amongst
themselves as a matter of course. There is no affectation
of selecting the best man for a vacant living. "It is
So-and-so's turn," and he presents either himself or a
friend as he may feel disposed. It is an utterly wrong
and pernicious system, and we trust that the blow levelled
at it by the Dnke of St. Alban's will be followed up else-
where. To ecclesiastical patrons, at any rate, his Grace
has thrown down a challenge which should not remai
unanswered.

The Herald thinks that it is always pleasant to see a rich
man choosing to work hard and spend little, but doubts
whether, after all, it would be desirable that all men of
property should accept Lord Stanley's lesson, and rigor.
ously abjure "the fashions and fooleries of the day."
Fashions and fooleries, in fact, must be vices in order to
be unmitigated evils. When landed proprietors, or pro-
prietors of anything, muddle away their substance in dis-
sipation of a degrading kind, in keeping up the roguery of
the turf and debasing the taste of their admirers, they are
doing something much worse than spending their money
unproductively, but the costly luxuries of modern civili-
sation, unproductive though they may be, are not neces-
sarily evils. Human society may be something better
than a hive of bees, in spits of the undeserved eulogiume
passed on that unprogressive, though industrious, race of
insects. Too great a devotion to utilitarianism leads
people sometimes into forgetting the importance of that
progress which is marked by the development of individual
man. It is a grand thing to raise the masses of a people
up to a humble level of comfort, so that there are the
necessaries of life for all ; but in an age which is truly
progressive, the highest peaks of society must be growing
too, and luxury does not stifle individual progress, but, on
the contrary, is the hotbed in which alone such growth is
possible. Art and literature and refinement of all kinds
can only live in an atmosphere of luxury. Art is only
possible in an age of luxury, and only in such a period
can influence be brought to bear on men of genius, which
may fructify for the benefit of the world.

The Telegraph remarks there is an uncomfortable idea
abroad that Dr. Livingstone, for whose safe return we
have all been looking so anxiously, is a prisoner in the
heart of Africa. It would be difficult to tell how this idea
has become current among geographers. Sifted to the
bottom, there would perhaps be nothing in it beyond con-
jecture, rumour, or the repetition of some phrase in a
letter from Zanzibar or Khartoum. The space of
time during which we have vainly awaited the return
of the illustrious traveller begins to be so pro-
longed, that it must make uneasy surmises only too
natural. There is no doubt that if all had gone well with
him, and if he had pursued the plan of travel which his
latest communications indicated, we ought by this date
to have heard something of Livingstone's appearance upon
the borders of civilisation. Everybody wants to get
news of the bold missionary, and to hear what wonderful
discoveries he has made since he dived out of sight into
that vast dark sea of geography, Central Africa. The
contingencies which may have befallen him are many, but
those which most readily, suggest themselves are : first,
that he has turned aside to follow a strange and long
route, suggested by the interest of new disco-
veries, in which case it may be very long indeed
before we have any reassuring news ; secondly,
that he has been forcibly detained in some village
of the equatorial region ; and thirdly, that either from
sickness, want of resources, or a desire to make explora-
tions on this or that side of his path, he has lost the
season, and has not been pushing forward, as we had
fondly hoped. We leave out of sight the saddest among
the possible solutions of his long absence ; for the Doctor
is as hard as oak, and fever-proof ; his life is precious to
Heaven and men ; and we cannot believe that he will die
till his work is done. The truth seems to lie between the
theory that lie is the captive of some African chief or
that he has turned away westwards from the Lake Tan-
ganyika—havin,g, perhaps, found a clue to the origin and
watersheds of the Congo river.

The Daily Hews learns that some of the Irish Church.
men decline to pray for the Queen, because she gave her
assent to the Irish Church Bill. One of them when he
has occasion to use a postage stamp, places the Queen's
head upside down. When we first read of this pretty
little Fenian trick, we charitably hoped that there were
few people so foolish as to resent the constitutional action
of the Crown in a grave crisis ; but since then it has ap-
peared that a number of clergymen have addressed
the Bishop of Meath, askirg him for advice, as
members of their congregation have demanded
that the prayers for the Queen should he dis-
continued, and the Bishop has actually had to
explain to them that the duty of loyalty survives
disestablishment and disendowment. It is impossible not
to ask whether these people have hitherto been taught
that their religion rested on the New Testament or was
founded npon Acts of Parliament. A notorious old
libeller once said of an upright man, "Doth he fear God
for nought ? His substance is increased on every side '
but put forth Thy hand now and touch that which he
bath, and he will curse Thee to Thy face." Virtue and
religion survived that notable test and so we hope they
will do in the case of these oCended Orangemen • only if
they are going to live like decent Christians in the end,
it is worth P9Y04111.1.1" 134 lawruacil iu thv
Mom!.