The Sun.
London, England, 1869-10-07 00:00:00

THE SUN,-
~;WPf)Ng -111UliSDAY EVENING, OCTOBER 7, 1869.

- - .SHA*R-hiSTi-

RAILWAYS-PREFERENCE SHAKES AND STOOKS.

st Bristol and Exeter 4 p.cent. 100 86 88 - •
st Caledonian Qrs., No. 2 lOO
st Do. Scot. N.E., 44 per cont lOO ...
st Do. Aberdeen, gua 6 p.c lOO
st Do. do. 7 per cent lOO ...
st D 9. do. Ordinary lOO 73 V 2

st Do. Midland - 100 ..• ..,,
at Do. Dundee and Arbroath 100 ... ...
20 Cornwall, 5 per cent gas—. all ... ...
stj Dundee, Perth, and Aber-
deen Junction lOO 105 107
st Do. Ist Class preference lOO ... ...
st Glas. & S.W. gua. 5 per ct lOO ... „.
at Gt. Eastern, E.O Ex. No.l 100 97 100
at Do do N 0.2 100 96 99
at Do do 6 per cent 100 107 110
at Do East Anglian Asp. c. 100 ... ..„
st Do do B 6 do. 100 ... ...,
at Do do 0 7 do. 100 ... ...
at Do do No. 1, 5 p.c. 100 ... ,_
at Do E. Union 4 p.c. gua. 100 63 72
at Do Norfolk 5 p.c.Ex.1846 100 ... „,,, 934
astt
uDroe.dtoNsoipt.hce.NrVir
S.Vpearl...l4t7 100 ..: ...:
at Do 5 p.c., rd at 10 p. e. pm. 100 ... ...
Du 41 du do do 100 ... ...
at Du 5 do at 3p. c. pm. 100 ~,, ...
st Do Leeds, Bradford, and
Halifax, 6 per cent lOO ... ...
st Gt. Nrth of Scotland, Ist pf 100 ...
...
at; Great South. aud Western
(Ireland) 4 per eeut lOO 94 96
stj G t.West.-9rig.&Jut.-Itent
chg., per gua.s p.c lOO 104 1i26
at Do. Orig. (B.& H. Ex). 5 p.c lOO 95 100
at Do do 43 per cont. 1850. 100 57 Su
st Do do 4 do do
at Do do 5 per cent. rodeo' lOO 96 93
at Do do Birmingham gas lOO 69 70 .
st Do do du pref lOO ... ...
at Do do Chester gua lOO b 5 y j
at Du do du 8 per coat lOO _. ...
St Du do do 5 do 10U 95 100
at Du South Wales, gua. 4 p.c. 10U ..,
...
st Do do 44 P•e WU ~. ...
at Do do 41 1850. 100 ...
...
at Do do 5
at Do West Mid. Oxford Ist g lOO 112 1i 5
at Do do 2:1 gua. 100 107 111
at Do Newport, Ist g. 5 p.c. luu 90 92
st Do do 2d do 100 97 100
at 1)o gua. 51 per cent. 1803 100 ...
...
00 Lancaster & Carlisle 41 p.c. all
...
..
at Laneash. & Yorksh. 6 P.C. 100 1 3 130
st Du Barnsley, £0 3s lad p.c. 100 ... .
.
at Do G p.c. (East Lancashire) 100 130 1.1.5
at Do 41 (Blackburn porch). 100 98 100
stj London & Brighton, 5 P.C.
guaranteed, No 1 lOO ••• •••
all Du 5 per cent. gua. No. 2. 100
...
...
at Do 6 do do lOO
at Do 5 do No. 4 IVO
at Do 7 per cent lOO
at Do 6 do (W.E. a 0.1".) 100 ""•
'"
st Do 4 do -1859 lOO
at Loudon, Chatham, Si Dover
5 per cent lOO ... .... 40
at; London and N.W., C. and
Nuneaton 5 per cent lOO 110 112 ._
at Do Bedford & Cambridge._ 100
at Do Shrewsb'y it Weichla. to. "'
st London and 6 W. 7 p,e. "' —•
late 3d shares, lOO 140 150
a Do (Portsm.perp ens 286 d) all .
a Man., Shef., &Liueln. 6 p.c. 100 .•• •
Do 1., all pars •1 pm
a Do 31 per cent IUU 60 65
1 Do redeem. 6 percent. 5 . ..
at Mid. Consolidated., 6p. c.... 100 130 1.35
a Do Bristol & Birm., 6p. c lOO 1i 1 1;33
a Do 41 per cent. redeem lOO t 8 100
a Du 41 per cent. irredeem lOO 9.5 100
a Du Leicester & Ll'eliu, 1 p.c. 100 80 91
at North British, 5 p.c. No. 1 lOO
•••
st Do E. &G.4p.c.S. S. 11 lOO .—.
at Do N. 8., N 0.2, 5 per ceu.t.. 100 ... ...
at Do Border Union, 51 p.c lOO .:
:.:
st N.-Eastern—Cous. 4 p.c lOO 8.7 SI.
at Do 41 per cent. redeem__ 100 97 99
at Do U N.E. 4 per cent., lOO ••• ...
17 Do Berwick capital 8.13.4. ... ...
Do York, 11. Sr S. purchase. 10 10 101
Do Stcktu Si Drling. A 5 p.c. 100 107 100
at Do W, Idartlepool H. and It 10U 87 89
20 North Staffordshire
lOs S. Devon Annuities, lu4 all 9 10
10s Do Tavistock Anus., 108 all 81 94
108 Do Fixed 41 per cent all 8 84
1 0.6. S. East. (Bead. Auns., 1.0.6) all 22 23
at Do 41 percent lOO ... ...
at Do Fixed 41 per cent lOO ... ...
at Taff Vale No.l lOO 150 155
at Waterford &Kilkenny, 6pc 100 43 45

RAILWAYS.-PREFERENCE SHARES AND STOCKS.

With Dividends contingent on the Profits of each separate year.

bt Caledonian 41 p C gua.
at Do Scot. Con. min. 7p c lOO
st Do 41 p irredcom all „..
st Do 4p e con., issued at 80 65
st Great Eastern 4i per cent. 100 77 8u
st Do 5 do, 1862 100 86 e 8
at Do New 5 do, 1863 lOO 83 c 8
st Do do 5 do, 1861 lOO 83 86
at Great Northern, 5p c irred. 100 ..,
at Do Permanent 5 per cent. 100
at Do Boston &SWIM', 44 pc 100 ...
at Great West., W. 31id1., 5p o 100
at Do Joint perpe. 5 p c,1865 100 88 VC
st Do do 6p c irred., 1866 100 106 108 111
20 Do Vale N eath perp. 5p c all 19 20
at Kent Coast, 6 per cent, B lOO
5 Lane. and York New 41 per

cent till July, 1871 - - 2 1p
at Lund., Brig &c., 41 pc, 1858 100
at Do do 4 do, 1860 100
st Do do 41 do, 1861 19,/
at Do do 41 do, 1863 100
at Do do 5 do, 1865 100
st Do No. 6 5 do, 1866 100
at Do No. 7 sdo
st Loud , Chat., &c., 2d, 6 p.c
..•
st Du Sletrop. Ex., B 6 p.c
Do do C 6 p.c
at London &N. Western, 5p c 100 108 110
at London &S. Western, 41 p c 100 93 95
10 Man. SW. & Lin., 5 pc, 1865 all V 91
st Metropolitan 5 per cent lOO 100 102
at Midland, per cent pref lOO 107 100
at Do B 5 do 100 107 100
18 Do 5p c opt. to cony. to
Ord. Stk., Sept. 1, 1869 all 201 211
18 Do Incony. New Shares all 19 191
22 Do 5p c con. into Old
Stk., Aug. 31, 1872 Bl 11 24
at North British, E. and U

No. 1, 5 per cent ... 106 ...
at Do £lO guaranteed, 1861 109
Do E ,P., &Duu., 2d, 4pe 100 ...
st Do E.& , No. 2, 5 p.c lOO
at Do N. 8.. 5 per cent, 1882 100 ...
st Do E. & G., N 0.3, 5 p.c 100
at Do E.& G., (Ordiry) 41 p c 100
at North Eastern, it per cent 100 97 49
st Do Stock. & Darl., D 100 1U 114
at North London, 41, per cent
(Max. 5 per cent)
at North Staffordshire 5p c lOO
st South Eastern, 41 pc, 1859 100
st Do 5 do 1861 100
at Do sdo (Ch. Cross) 1863 100
st Do 5 do, 1864
at Victoria St.& Pimlico, 41 pc 100

-• "" •"-"AINT-SiOet BAgKS.

Closing Bum.med-I
Share; NAME. Paid. Price done
10 Agra Limited, A all 11 111 111
A Du B lO 3; 44
50 Albion
00 Alliance, Limited
20 Anglo Austrian
20 Anglo-Egyptian, lint all 211 221 p 23/
20 Anglo-Hungarian
20 Anglo-Italian 1866, limited 10 6 4
40 Australasian
20 Bank of British Columbia alit 12 13 141
20 Do issued at 2 pm._ ~ 6 • 5 4
25 Bank of Egypt
20 Bank of Otago, lim.
25 Bank of South Australia all 30 321 '
10 Bank of Victoria, Australia 25 XI 39
10 Bank of New Zealand all 151 101
50 British North American
20 Chartered of India, Austra-
lia, rnd China all 18 19 191
25 Chartered Mere. of India,
London, and. China ...., all 32 34
20 City lO 10 11
100 Colonial 25 56 37 37
10 Consolidated, Lim.
60 Delhi and London, lint
50 East Loudon, lim S 2} 14
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 a. all 161 161
281 Hong Kong and Shanghai
Bank Corporation all 116 33
281 Do new 11; 4 5
100 Imperial, lim 2O 15 16
20 Imperial Ottoman lO 2/ 25 121
25 lonian all 19 22 201
25 Do new a 6 3
Lnd Mortgage of India, lim 4 31 :1
100 Do 5 p. c. Debs.lB6l, 39 all 76 76 80
100 Loudon Banki of Mexico
and South America, lim. 20 7 6
100 London and Brazilian, lira. 45 35 30
20 Do new 75 6 44
100 London &River Plate, Rm. 40 6 5
25 Do new 10 14 2 p 121
20 London Chart. of Australia all 231 241 221 t
20 London and County 2O 191 501 49 1
50 Do new, iss at 20 p.m, 16 pd ll ... • -
London Joint Stock 3ll 321
Loudon and South African al 8 9
100 London & S.-Western, lim, 20 13 11
50 London & Venezuela, Rm 125 ... :..
100 London and Westminster 2O 571 561 53
100 Do Scrip, iss at 10 pm 2O
100 Merchant, 1int....,..,,, 25 61 51 185
10 Metropolitan, lim
09 Midland, 1im......
5 National of Australia
25 National of Liverpool, hin. 15 3d 1P
00 National Provinc. of En-'d 42 ... ...
10 Do
10 National.. BO
20 New South Wa1e5.....,....., all 41 43
20 North-Western
25 Oriental Bank Corporation all 41 42
50 Provinc. Bank. Corpo., lim lO 61 61
30 Provincial of Ireland 25 00 92
10 Do new., all ... ...
100 Stand, of Brit. S. Africa, lim 25 14 13
100 Do issued at 6 pm. 10 8 6
2.5 Union of Australia all 45 44 in
100 Union of Ireland, Hui
50 Union of London

TELEGRAPH COMPANIES.

"10 - 7t/Ifio-Alttericalimi all 201, 20& 201
10 Anglo Mediter Te1.,1im.... 10 17 118 171
at Atlantic Telegraph lO 15 17
et Do. S per cent. lOO 52 58 521
at B. and I. Magnetic Tel., lint 100 163 163
at Electric & Inter. Telegraph 100 254 .289
10 Do. New 8 12 13p
25 Indo-European Tel., lira lO ld pr
5 Lond. Provincial Tel. Um all 31 4
1 Do. Prefer. 10 per cent all 1 1p
10 Mediterra. Exten. Tel., hm all 61 71
25 Reuter's Telegram all 79 81
20 Societe Transatlant., lint— all 10 161 ltif
at Submarine Telegraph
1 Do. Scrip all II 2
5 U. Kingdom Tel. Co., lim all 7 71
5 Do. 10 per cont. Pref all ii bp

MISCELLANEOUS.

10 Anglo-Mexican Mint all 15 151
25 Australian Agricultural
25 Australian Mort. Laud and
Finance, lim
10 Baugarah Tea Estates, lint 3 Sd
10 Berlin Water Works, lint all 141 15 144
10 Do. Now all 11l 13
100 Bold:0 w Vaughan, lint.
5 Bombay Gas, lint.
3 Do. New 4 1; id
50 British American Land 4l 15 17
20 British Indian Tea, lint all 21 34
20 British Ship Owners 74
29 Canada Company all 63 t 6
10 Canadian Loan and Invest-
ment, lint 24 .. .
20 Ceylon Company, lint.
20 Do. A shares
10 City Discount, Inn 5 _ _
25 City of London Real Pro-
perty, lint 9 bi 445
30 City of Milan Improv. lint all 5 6
25 City of Moscow Gas, lint all
50 City Offices, lim 25 2.1 22 dj
50 Colonial, lim.
Do.
...
60 Commercial Union (Assur) ii pr. t p
10 Company of African Mer-
chants, lim.
20 Continental Union Gas, lint all 24 23
25 Copper Miners of England,
pref. 74 per cent.
100 Corporation of London
Bonds, 1877, 41 per cent. all 1034 1044
100 Do. 1879, 41 per cent. all 1041 1034
100 Do. 1882,0. per cent. all 103 104
10 Credit Fon. of England, Bin. all 24 21
50 Credit Fon.of Mauritiuslim. 10 34 2id 71
st Crystal Palace lOO 22 24 2.1
st Do. Preference lOO 92 97
st Do. 6p. c Perpetual Deb. 109 105 110
20 Darjeeling, lint.
10 Eastern Assam, lint.
50 East Indian Land Credit

and Finance, lim.
51 40
20 East India Irriga. & Canal all ..
32 Ebbw Vale Steel, Iron, and
Coal, lint.
[OO Egyptian 9 per cent. V'roy.

Gee. by Egypt. Gov all 98 99 99; 9
20 Egyptian Coin. & Trad. lies 6
3 Eng. & Austral. Copper, Um 21 1
15 English and Foreign Credit 71 41 311
100 Eng. and Scot. marine, lira 8
10 Fairliairn Engineering 5 3 2d
20 Fore-streetWaretiouse,lini l2 1 p
100 For. & Col. Gov. Trust and
Loan Scrip, issued at 285 all 83 20
50 Gellivara, lira. 2O
10 General Credit & Dis., lira 71 1} 1,1
15 General Steam Navigation 14 27 20
50 Horns & Col Marine In. lim. 5 21 zd 31
10 Hong Kong and China Gas all ...
20 Hudson's Bay all 14 13
20 Imperial Land Co. of Mar-
seilles, lint
20 Interna. Financial Soc. lira . b 2 13 3
20 Interna. Land Credit, lira, 6 6 44
50 Italian Land 5 ld P
20 Italian Irri. (Canal Cavour) all 3 31
100 Do. 6p. c. Bds., redeem
1870, issued 90 all 67 1W
50 Land Securities, lim 2l 11d
25 Loudon African Trading._ 10 7 6d
25 Lon. & Caled. Marine, lira 6 •••(1
10 London County Laud and
Building, lira
50 Lond. Financial Asso., him 30 22 21
4 Lond.Gen.Omnibus.Coditn. all 2 21
50 Loud, and Glasg. Engineer
and Iron Ship, lim 25 21 1"
20 Lond. & Provincial Marine '2 pr
st Madras Irrlga. & Canl.
sp.c. by India Gov.
_ _

10 Matiritius Land, Credit, and
Agency, 1im...... ll 11 Itl
50 Merchant Shipping, lint— all 32 37
SO Millwall Iron Works, lim. 121 ••• -•
10 Natal Land and Colonisa-
tion Co., lien.
25 National Discount Co., lim S 113 113
25 National Prov. Marine, lint. 4 ••• • •
10 National Steam Ship, am all 93 101
20 Nerbudda Coal & Iron, lim. 6 31 3d.
10 New Consolidated Dis. lim g 1/ 11a
5 New Quebrada, lim 4.8.0 43 41
25 New Zealand Loan & Mer. .
cantile Agency,lim 9l 1 1?
25 New Zealand Trust and
Loan, lim 5 13 11
10 Northern Assam Tea, lim. 5 7 !
10 Do. B
at North Brit. Austral., lim.„ 100 48 5.1
50 North Brit. & Mercan. In 6/ 19 191
25 Ocean Marine (Insurance) 5 13 14.1
50 Oriental Financial, lim ll
5 Oriental Gas, lim
5 Do. New 1 I 1p
10 Otago and Southland In.
vestment, lim id 1p
5 Ottoman Gas, lim l4 21
10 Panama, New Zealand, and
Australian R. Mail lim ....
5 Do. do.
at Peel It. Land & Miner', lim 106 El 34
50 Peuinsu. & Oriental Steam all 64S
50 Do. New 1867 la 2d
50 Rhymney Iron
1 Do. New
~ a
2 Rio de Janeiro Ci.t.y..lm"..
Do. Gas, lim all 21 243
100 Royal Mail Steam
Scottish Aust. Invest., lim. 100 ;8 83
Do. 6p. C. Guar. Pref. 100 ••• ***
Societe Fin. d'Egypte, lim. 10 7 6d
Societe Gen.de l'Empire Ot. 8 21 31
50 S. African Mort. & Inv., Um, 6 - • - •
25 South Australian Land ... all 33 34
allll
1861
1,7
20 Telegraph Con. & Main.,lim all 29 293 292
20 Thames and Mersey Marine
(Insurance), lim 2 21 3
20 Trinidad Petroleum, lint_ 81 .. ...
10 Trust & Agency of Aus.,lim. 1 3 1p
10 Do do. do. all ... ...
20 Trust & Loam Co., U. Canada 6 1 p
p
50 Union Marine L'pool, lim 5 41 a
20 Union Steam Ship, lira all 22 24
15 United Discount Corp.,lllll 5 6 13 3d
20 Universal Mariue(lll.), 1"
10 Upper Assam Tea, lim all 13 2
30 Van Diemar's Land 2Bl 6 7
100 Viceroy of Egypt, 7 per
Loan al2ll ;g Eg
)liLo.
11 10d
20 5 3
20 WestLond on Wharves and
Warehouses
...
...
5500 WarrantW
se cent.tset
Steam,
m,3Fil,ni Indianrta.gn:ac. (Mortgage)
. ... Pacific

COLONIAL GOYICitIiMMXT SECURITIJCs

tints!, Columbia, 6 per
0ent.,1872...........•• • 100 ._. _
Uo. 1895.. ......... lOO ._
Can.Gov.6p.o.jan.,&Jul ....
1877.9# ....... •••••••••• 100 1(41 obi ice
- y
Do. 6p. 0 7eb. & Al.i8.•!•• 100 I" 104 1031
Do. sp. el. Mar, & Sept— 100 102 104
Do. p.
c. Jan. & July— 100 921 931
Do. sp. C. Inscribed lik•• 'CO 90 92.
Cape (1.11 ope• 6 P•°'/873'• ice 102 101
--• Do.Apl.6cOct 1590-1000 100 111 113
Do. do 1890-90 100 107 109
Do. Jan.&July, 1891 ..•• 100 108 lit
Do. 5 per cent. lb April
and 15 Oct., 1900 lOO 98 ICO
Cdylon, Nov 1878, d 0 co-
p• 100 108 11Q 112
Do. 1872, o•• -- 100 105 lot
.
Mauritius, 6p. 0, 1873..•
100
Jan. and July 102 104
Do. 1878 ... ........
Po. 1882, May and NvN •• 00 106 108
Po. 1898, Feb. 4 A1a..." 10 106 198
Melbourne Curporatn.,
1.9 100 1001
1b67-75,0 per cent ••:,• lk 0 100 100
N.13.G0v.6 p.o.Ja.&July•• 100 103 104
Natal 6 p at, Apl X 001••• 00
—Do6 p a. 31. y & NO7, 1( 01( 0 10S
N. S. W. sp'••7lto 76 DO 9, I, 1
- Dpoo..
55 pp:cc:A;
N.Zealand, 6p. 0.1891 ICO
Do. b per cent.••
Do Jan, A ptl, J uly, 0; t• . • 100 91 92 92
Do 6p c. Alar ‘t eli't 01.• 100 108 110
Do J t.tie & Deo , 1%91 •• • • 100 109 .11
iDo rrov. i 1 At.okld. 1 _
.8'867t 0t
0176.. • 1"
ILO _ _.
( *erie. 1& 2, 1691..
Nova Scotia 6p. c•Jan•••
and Jnly. 1875 . 190
Do 18a8.. .... ....• .. 100 10 103 k
Qu.enalnd. 6p. C. '824.. 100 107 1081 107 f
- Do 1891 ..... .....,„ 100 107 Is4l
T„,,,,,aujan 6pe le, 1895.. .. 117 169
Do tb9J '97 ..••• • • • • • 100 ILB 109
Victoria 6 ler cent.lB9l.. 100
-••• Do. April and Oct _LW , 114 115 1111

-APL 1- IT OF THE PUBLIC JOURNALS,

Ato one can say, observes the Times, what the groat
political game of tho'Berlin Cabinet may be at the present
moment. All that the world knows is that between the
- Prussian King and the Kaiser there has been an inter.
change of civilities-,--on the occasion of the projected visit
of the Crown Prince of Prussia to Vienna on his way to
the East, and that a cordial understanding has been
established between the two Courts—a result, as it
seems, which has been obtained in obedience to the sug-
gestions of Count Bismarck, and somewhat in defiance
of the views and tendencies of that statch partisan of
the Austro-French alliance, the Imperial Chancello?
Count von Beust. Could the mutual goodwill of the two
Courts lead to intimate relations between the two Cabinets,
the affairs of all Europe, t well as those of Germany,
would be placed on so diCerent a footing from that on
which they have been for the last three years that the
attitude of the minor States of the old or now German
Bund would become matter of very little consequence.
Doubtless Austria has all to gain frem this change in her
policy; for, as we have pointed out in a hundred instances,
her tendencies are all to the Eastward, and, in order to
hold her own on the Danube, she need rely on the
friendship of the Power with which she has too long
and too vainly contended for supremacy on the Rhine.
It is not equally easy to foresee what consequences a
renewed intimacy between the Berlin and the Vienna
Governments would have upon the internal affairs of Ger-
many, and especially of those districts which aro now
bound to Prussia by the ties of the Northern Confederacy.
The Liberal party, which already displayed sufficient
strength before the Danish and Bohemian wars to cause
the Court serious apprehension, has found very extensive
support both in the districts ncwlyannexedto the Prussian
Monarchy and the States admitted into the Northern
Confederation. The stronger the impulse towards national
unity waxes, the wider becomes the sphere of the relations
between Prussia and the rest of Germany, the fainter grows
the hopes of the Court party at Berlin being able to stem
the Liberal eurrent that is setting in against it.'KingWilliam
is no longer what he was, the wealthiest of European
Monarchs. his glorious conquests have run through the
bulk of his long-hoarded treasure, and, in order to pay his
way, he has now to compound with those who have the
national purse-strings in their keeping.
It is refreshing, says the Daily News, to meet Lord
Stanley once more on fields clear of those party entangle-
ments in which he has of late strayed and lost himself.
He is most at hole in the treatment of those social and
industrial questions which professed statesmen usually
shun. He ought to be perpetual President of the Social
Science Association. Tho topics which are a weariness
and vexation of the spirit to other fnen, are his refresh-
ment and delight ; and though not a speaker or thinker of
particular fire or animation, he is in some sort inspired by
topice which have the effect of making genius dull, and of
extinguishing brilliancy. Lord Stanley admits, with a
candour which is not common in men of his
order, both the right of working men to com-
bine, and the interest they have in doing so,
since it is only by union that they can meet their
employers on equal terms. Of course, it is possible for
men to exercise an undoubted right unfairly, and to judge
of their own interests unwisely. But this is a liability
which is not peculiar to Trade Societies. On the subject
of co-opiTation Lord Stanley spoke with no less wisdom.
In the matter of wages, the skilled artisan, he said, has
perhaps little to complain of. "But," as he urges, " man
does not live by bread alone." Lord Stanley is not a
Quixotic or Utopian statesman, and thesC words on his lips
may convince some sceptics that the schemes and enter-
prises which they have been in the habit of regarding
as idle dreams have in them an element of solid
realities.

The Star thinks Lord Stanley has seldom done himself
more credit that in the speech on trades unionism which
he has just delivered at Liverpool. It has been too much
the fashion to assume that, though the law allowed combi-
nation, it was economically bad. Lord Stanley will get a
respectful hearing from working men, because he sets
out with the assertion that to combine is a moral right,
since only in union can the workmen meet the masters on
terms of equality. The truth had better be understood,
that the workman who stands out from combinations is, as
a rule, a poor workman and a poor creature. Even sneaks
have liberties, and a man does not lose the legal privileges
of a citizen by attempting, under a mistaken impression
of his own petty advantage, to betray the order with
whose demands, if righteous, he ought to make common
cause. By all means let him be protected. On no
account let him suffer, except as a man must suffer
who lives without public spirit in mean isolation.
But let us have no special expressions of sympathy for
him. And let us all distinctly perceive that when society
in general has intelligently adopted Lord Stanley's
enlightened opinion on this subject, the non-unionists will
be few. There will be no social temptation either to eschew
unions on the one hand, or to wrest their power to an im-
proper use on the other, when every ono recognises their
necessity and propriety, and when masters in consequence
learn to meet them and negotiate with them without
making wry facos or inspiring lugubrious newspaper
leaders.

The Standard says that Roman Catholics and Dissenters
of every grade may assemble in conference without
provoking a word of disapprobation, but the moment there
is a sign of united action among Churchmen the old mani-
festations of jealousy and affectations of contempt are
witnessed. It is assumed that there is some sinister
design on foot for asserting the ascendancy of the Esta-
blished Church, and it is insinuated that well-meaning
laymen are hoodwinked into giving their countenance to a
conspiracy for advancing ecclesiastical ambition, or what
are unmeaningly designated " priestly assumptions."
Strictly speaking the Congress is a purely consultative body.
It cannot legislate, and does not even pretend to initiate
legislation. Its chief value is that by bringing together
clergymen and laymen of all shades of opinion, and setting
before them for discussion the practical difficulties and
needs of the Church, it develops into active expression the
public opinion of the Church. Isolation has an inevitable
tendency to produce one-sidedness and narrow-mindedness.
A clergyman buried in a country parsonage insensibly falls
into a particular groove. He has but one way of thinking
upon every problem which presents itself to his notice
either in the domain of Church politics or in the details 6i
Church work, and thus he becomes " cliquish " and wended
to party, and therefore intolerant. There is nothing like
an open congress for clearing away the cobwebs which
too often enmesh a clergyman under these circum-
stances. He has been "too much alone." He has
been breathing his own atmosphere for months, and at a
congress he comes out into the free air. He meets
hundreds of men whose aims are as pure and generous as
his own, but who differ from him toto celo as to the mode
in which they may best be advanced. They exchange
views, and the result is a modification of opinions and a
rapprochement on both sides. High, Low, and Broad
assemble together, and find to their astonishment that,
with all their differences, they have many points of union
and hold many opinions in common. They compare notes
upon their parochial work, the management of schools, the
direction of works of charity, and find that each can teach
the other somewhat, that each has something in his store
which was worth bringing to the light for the benefit of the
common fund.

The Telegraph thinks it may be confidently expected that
the action which the Privy Council Office is taking with
regard to the sufferings of cattle in transit by sea and
land will result in the abolition of a terrible amount of
animal pain, and will at the same time insensibly instil
new ideas of humanity into the community. An interesting
conference was held upon this subject on Tuesday morning
between the Central Chamber of Agriculture which
has its sittings at the Salisbury Hotel, Fleet-
street„ and a professional representative of "the
Transit of Animals Committee," Professor Brown. As
embodying the opinion of the farming and grazing inte-
rests the practical conclusions of such a Chamber could
not fail to be useful ; so that the committee was well
advised in thus expressing its convictions. The last reso-
lution of the Central Chamber of Agriculture covers all
the ground, but leaves the committee to decide what new
regulations shall be laid down. No doubt we want a sys-
tem, as they say, of licensing and inspecting, in order to
put matters right, and make our cattle traffic mer-
ciful. Although we are confronted with the
question of expense and of trade profits, that
difficulty cannot be allowed to paralyse the
action of the Government, or prevent us from putting an
end to the unnecessary sufferings of our "poor relations,"
who must die that we may live. The credit of the genera,-
tion is concerned in the question; for it would b 2, shame-
ful if, now that the wretchedness of the victirls has been
made known, the same perpetual course a half-conscious
barbarity should continue. To diminish pain is to narrow
the domain of evil, and if the authorities were to enforce
such regulations as we have specified, not only would the
" lower creatures " suffer loss pain, but men would be less
brutalised.

The Post has not the slighest wish to dispute the pro-
priety of educating the agricultural labourer. Even if it
failed to raise his wages, or to put an end to the system,
wherever it prevails, of paying them partly in beer or cider,
it could hardly fail to elevate his sense of what is due to
himself and to his family. No one can be indifferent to
the picture which Canon Girdlestone draws of the farm
servant so raised from a comparatively degraded position
as to be able to command better wages, to make his earnings
go further by becoming a member of a co-operative
store, did to invest them in the Post- office
Savings Bank rather than in the public-house.
These are consummations so devoutly to be wished—m9re
particularly the last—that we would gladly believe that
the instruction of the rising generation of field labourers is
the only thing necessary to effect them. We confess we
doubt this. We suspect also that the ignorance of the agri-
cultural labourer is somewhat overrated. Is it possible that
we must wait till we have buried the existing generation
Lefore we can hope to have agricultural labourers capable
of understanding the benefits of a co-operative store ? If
not, why should not an effort be made to establish such
stores? There is barely no ploughman in England who
incapable of appreciating the advantage of getting what he
eats and drinks and the clothes he wears at cost price,
instead of paying fifty per cent. more than the value of
what he buys at present. Education is a good thing, but
it is possible to overrate it. Besides, what better educa-
tion could there be than n raft!) which, by making the
labourer's wages go further than hitherto, would enable
him to invest in the savings bank instead of the public-
house? Teach reading and writing by all means. But
the co-operative store may be brought to bear fruit in a
few weeks. For the harvest of cducation wo shall have to
wait Or vim,