The Sun.
London, England, 1858-07-31 00:00:00

a positive " appointment," which seemed to be a
distinction without a difference. The party re-
commended would, in every instance, receive the
appointment. There would scarcely be a single
instance where the recommendation would not be
acted on, and then only on adequate grounds.
The majority were satisfied with the high
tribute paid to the competitive principle
by the Right Honourable Gentleman and
the Noble Lord. The former said,—
" I trust the House will, therefore, consent to
the amendment which the Lords have proposed to
the 34th clause ; and I can only say, on the part
of the Government, that in making that recom-
mendation we do it with the full and frank inten-
tion of establishing, with respect to the scientific
branches, that wise and beneficial competition
which will prevail in the civil service of India.
It will be one of the first duties of my Noble
Friend, if the House accedes to this proposition,
to draw up regulations which will rule the exami-
nations in question, and which, when approved by
her MAJESTY in Council, will be laid on the table of
the House. They will then be open to the
criticism and vigilance of the house, and when-
ever any alterations are made they will likewise
be announced to the House. We shall then have
the satisfaction of having established the competi-
tive principle by Act of Parliament throughout
the whole civil service of India ; of having se-
' cured to the great body of the community the
free enjoyment of military patronage, by its dis-
tribution through a Council sympathising with
them ; and of having at the same time secured
the competitive principle even in the scientifie
branches of the army, and that in a manner
which no one can say has attacked. or weakened
any prerogative or right of any person in this
country, from the Sovereign on her throne to
the humblest of her subjects."
The President of the India Board spoke in a
similar tone, and the House eventually adopted
the amendment by a majority of 45 ; thus ter-
minating all disputes, and giving the legislative
sanction to that which has truly been described
as an act for the better Government of India.

12i

Paid

10

St. 1100
St. 100
St. 100
501 all
2020 alaul

10 1 all
50 1 all

St. 100
St. 1100
St. 100
it. 100

Great dissatisfaction has been occasioned in
mercantile circles at the clause to which we
alluded in our leading columns of Thursday, and
which practically deprives the much-required
measure of its utility. Notice has already been
given by Mr. NICoLL that early next session he
will introduce a measure for the repeal of the ob-
noxious clause. Public opinion has already pro-
nounced an adverse judgment. A petition against
the objectionable provision received the signatures
of 600 leading L9ndon firms within two days.
The banking interest should consider the matter
closely before they oppose themselves to the wishes
of their customers, and neutralise the value of a
law calculated to exhibit the advantages of keeping
" drawing accounts" in the strongest light, by
affording complete protection to the drawers and
recipients of crossed cheques. It would not be
judicious to quarrel with those through whom
they realise large profits, and they may rest
assured that a decided preference will be given to
bankers who announce the intention of not
availing themselves of the loophole afforded for
evading a fair and just responsibility.
That such pledges will be offered seems certain.
It may be given with almost perfect security by
resorting to the precautions advocated in The Sun
of Thursday. A very trifling additional outlay
would provide a superior class of paper, from
which the crossing could not be erased without
leaving such marks as would at once be
detected by any clerk of ordinary abilities.
The best course would, however, be to
issue books containing blank cheques on
different coloured paper ; one class whereof
should only be used for crossed, and the other for
open cheques, and the crossing of the former should
be prepared on the original document, so that it
could not possibly be obliterated. The giver or
reeeiver of one intended to be paid across the
counter could not object to bear the responsibility
he deliberately accepted. But the bankers should
give ample protection to all who wished to
avail themselves thereof.

St. 1100
at. 100
St, 100
25 163
St. 100
St 100
St. 100
10 31.1

20
20
10
Bt.

17i
ell
all
100

100
1.00

100
100
all
all

all
all
all
all
all

It would even be for their advantage to do so
in a pecuniary point of view. It would econo-
mise the use of money, and render it unneces-
sary to keep such large balances of cash on
hand. The great majority of cheques—
all, indeed, of large amount—would be
paid through the clearing house, and none
are better able to form a sound judgment as to the
beneficial effect that would follow the general,
and all but universal adoption of such a course. We
trust that such energy may be displayed by mer-
cantile men during the recess as to render certain
the success of the important principle, and ensure
the removal of a clause that renders what would
otherwise be a very useful measure of compara-
tively little value.

RAELWATI.

THE StIN, LONDON, SATURDAY tVtIkIINO, JULY 31, 1858.

SHAitk; MAREVI S— (This Day).

RAILWAYS.

Ambg. Nottng. Bost.
& Eastn. June....
Belfast & Ballymen-
Birmng. Wolves h.
Stour Va11ey......•
Birkenhd. Lancsl,. a
Cheshire Junct
Blackburn .......
Blyth & Tyne origins.;
£25 (iss. at £45)
Bristol & Exeter
Caledonian.
Chester & Holyhea
Cork and Bandon...
Cork, Black. & Pass
,Cornwall

Closing Price,
this day

6i - ei

71 - 8i
66 - 63
11 - 12

26i 27
go 92
78A 79
38 40

Business done
this day.

D. A

T4io B
Dublin&BelfastJun
Dun. P..3lAber Juno.
lEast Anglian
'Eastern Counties
!EasternErnion,A.st.k
Do., do. 13
Do. New A
East Kent ...... ....•
East Lancashire
'East SuffoTh

Do.
Edinburgh & Gla s go
Edinb.Prth.&Duncla
Forth and ClydeJunc.
Furness .. .
Glasgow & S. Western
Great N. of Scotland
Great Northern
Do., A. Stock .....
Do., B. Stock .....
Gt. Sth. &West. (Ire).
Great Western. .
Do. Str.V. R. gua.St
Irish South-Eastern.
Lancaster &Carlisle.
Do., Thirds
Do. New Thirds
Lancash. &Yorkshir
Do., do. F £l6
Do. Do., £9
Do., Wet. Riding Ur
Do. Southport....
London & Blackwal
Do. New, iss. 5/. 10s.
Loud. Bright.&S.Cst
London &N. Wester
Do. Eighths
London & S.Weg ,rr
Lndndrry &Coleraine
Lndndrry. & Ennisk
Manch.Shet&Lincln.l
Metropolitan
Midland

Do. Birming.ts Derh
Midland G. West.(lr.
Do. Shares ......
Newcastle & Carlisle
Newpt.A berg.&Hrfd
Newry & Armagh
N ewry, Warrenpoin
Restrevor
N0rf01k................

Northn.Counties Ur
North British ......

North Devon, Rail. a
Dock Stock
Do., A Stock
Do., B Stock
N. Eastern— Berwick
'Do . do. G. N. E. Pu rcii.
IDo. Leeds

IDo. York
North London
N. &S. Wstn., Ramp
stead, and City Jn.
North Staffordshire..
North Western........
N. & S. Westrn. June
Oxford Worcester &
Wolverhampton.....
Peebles
Portsmouth
Rhymney
Scottish Central ....
Scot. N E. Abrdu St
Do. Scot. Mid. Stock
Shropshire Union
)Siti ngbourn e &Sheet
;South Devon..
South Eastern
50uthWa1e5..........
S. Yorksh. Rivar Dm

'Do.
Sta,ines,Wok.,&Wok

'StDooc.kdth-on,&lBsD4arling
jDo. do., 18M
'Stockton & Hartlepl.
iTaff Vale....
!Do. Pref., No. 1
flames flay. D. &R.
, Vale of Neath
Waterfd. & Kilkenny
Waterford&Limerick
West Cornwall
West End of London
and Crystal Palace..
Do. A
Do. B
West London
Do. First Class
Do. Second Class

4 - 5

- 8i
16 - 17
63 - 64
45 - 47
30 - 32

90 - 92

gi - 65
25? - 26

90 - 92 1
91 - 101
1031 - IG4
82 - 84
131 - 133
103 - 105
48i - 49
56 - 58

90
111 120
11 122
92A 93
di
a

'Si = 4

407 - 109
93i - 94
- 1
91 - 953,

35 33
2 id
94i 95
61 66

61 - 63
3i - 3
521. - 531.

781 .3 9

63 1 i f

101 &
1321

••• ..

-92 i
11 - 1#
462 -47 t
731 - 74
97 - 99

5,d
8 9

26 ?I - 27

. •••
7 4 d

109 - 111
264 - 27
81 - 83
44 - 46
3 - 2
35 - :.6
70 - 70
79 - 80
14 - +5
6 - 4
9 - 31
_5 - 36

97 - 99

••• - •••
21 - 34
61 - 64

BRITISH POSSESSIONS.

481 9

92i i i

93iiii

94$ $ 11 $
65

53 2i

92,1 i 1
46i
73,1 4 31

20
5
10
St.
St.

5i
70 i

St.
12
12i
12

12A1
25
20
St.

St.
St.
St.
St.
25

1.0.6

100