The Sun.
London, England, 1858-01-20 00:00:00

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[PRIox 4D. STAjmPiti) 5u%)

we learn that the disastrous commercial intelligence

taken out by the Medway, bad caused an almost
total torpor in trade, especially in coffee. Such a
restriction of business in this article as has prevailed
since the beginning of Out. has not been remembered
for many years past, for during this period of a
season when generally an amount of transactions is
calculated upon, the sales only reached 166,000 bags,
against 550,000 in the same time last year. About
16,000 bags were disposed of from the 13th to the
30th November at a decline of 10Ors., but a further
reduction of 500 rs. was established between the 4th
and 9th Dec., 13,000 having been sold. The
im-
portant intelligence to hand by the Medway would
naturally increase the embarrassment already exist-
ing, and keep business iu further suspension. This
paralysed state of the market must tend in a great
measure to decrease the supplies henceforward. Of
29,000 bags in all sold since Nov. 13, 12,000 were
the United States,' 8,000 for the Channel and north'
of Europe, 2,500 for the Mediterranean, and 6,500
for the cape of Good Hope. Nothing was doing
in hides, of which there were 3,887 in stock, all of
small weight. A great depression in exchange had
taken place since Nov. 22, chiefly caused by the
almost entire absence of transactions in coffee. The
business done for this mail was important, chiefly
,tt 264 d., 90 days ; a moderate amount was alto
negotiated at 251 d., 26id., 261 d., and 26.1. Tha
Bank had drawn a large sum at 264 d. The National
Bank of Brazil hail raised the rate of discount fo
10 per cent. Exchange on Paris, 362 to 368 ;
Hamburg, 695. Fre'ght quotations nominal.
In his letter of Dec. 21 our Bahia correspondent
says :
" The news by this conveyance and Petropolis (18th)
have caused great sensation in this market, and business
is very dull in consequence. St.mks of goods rather
heavy, demand very small; outstandingeOf dealers large,
and prospects of recovery decidedly bad in consequence
of the depreciated value of all our produce, and add to
this great the lose that must accrue from the low rate of
exchange.
" Sugars sold early in month at 2,100, exchange then
26d., but may now be quoted at 2,400 for average browns,
which stand in 20e. ld. ex. freight ; whites no demand,
only sale 3,200 to local refiner. Stock, 3,668 cases, 556
boxes, 969 barrels, and about 15,000 bags.
".Cotton.—No sales during the mouth ; stock, 1,950
bales ; last qaotation from Maceio, 7,400, free on bard,
or 6 1-10 d. per lb. ex freight.
" Coffee.—Ouly small sales at 3,900, or 345. 10d. ex
freight.
" Cocoa.--Last sale 6,600, or 575. 93, ex freight ;
very little to go forward, crop being over.
Hides.—No sales lately ; 240 dry salted and 280
dry are the prices asked ; stock about 7,000.

-"
Rum in demand, at i,500 Caraia.
" Tobacco Leaf.—Nothing done ; stocks about 6,000
bales, and crop said to be small.
" Freights.—Vessels abundant ; 10s. has been ac-
cepted for Liverpool, 20s. and 255. for London, and 355.
for Gibraltar and the Mediterranean.

" Exchange opened at 26d., gradually declined to 24d.
and closes at that rate.

" Gold bought up at 2 to 6 per cent." premium, and a
good amount goes by this conveyance.
The following letter is from our correspondent at
Pernambuco, dated the 23d Dec. :
" Our last advices went forward per Tyne on the 21st
ult. The Medway arrived on the 4th inst. with Lon-
don dates to Nov. 9, and telegraphic advices via Lisbon
to the 12th idem. The Petropolis arrived on the 16th
with dates to the 24th and telegram to the 28th.
"The unfortunate position of the money markets in
England and United States has had its full effect on this
side, and business throughout the month has been very
depre'sed. Exchange declined to 240., and subset•
quently to 241. 90 days' sight, and at this rate there
were but few drawers. Slrne operations are reported
at 23id. and 23id.' 60 days' sight, but the bulk of the
exchange has been done at 24d. The bank increased its
rate of discount to 12 per cent., and in private bands
15 per cent. per annum was freely paid.
" Sovereigns, 10 dollars each.
"Old Joea (Portuguese, 6,400 reis, pieces), 16,800
reds to 17.

" Produce has not declined as much as might have
been expected. Sugars, after the Medway s arrival,
gave way, but on the rapid fall of exchange the decline
was speedily made up. We quote average to selected
Muecovadoes-2,200 reis to 3 per arroba, equal to 18e. id.
to 245. per cwt. free on board, ex freight ; and whites,
3,400 reis to 4,700 reis per arroba, or 28s. 2d. to 375. Bd.
per cwt. Supplies have been good, but mostly of the
better qualities, for which the demand has bean large
for native port,,, River Plate, and Valparaiso.
"Cottons.—We quote 6,600 reis to 6,800 reis per
arroba, ego.' to 51d. to 61i. per lb. Maceios, 6,800 reis
per arrlha free on board, or 5 11-32 d.
"Hideo.—Quite nominal at 170 reis to 180 reis, cr
4id. to sd. per lb.
"Freights for Liverpool, 20s. and 5 per cant.; sugar
ballast, 7-16 d, per lb.; cotton for Channel, 355. and 5 par
cent. United Kingdom, with the usual extras for conti-
, nent.

"Io Pert—Her Majesty's brig Syron. Port healthy.
DEO. 24.
"The Medway takes about 30,0001. specie from this."

SHIPPING INTELLIGENCE.

At Montevideo, her Majesty's steamer Virago.
At Rio her Majesty's ships Cumberland, Harier,
and Madagascar. The Ganges sailed on 12th Dec.,
an l the United States' frigate Merrimac on the
16th, for the Pacific.
At Pernambuco, her Majesty's ship Syren.
The screw steamer Petropolis, from Southampton
25th Nov, arrived at Pernambuco 16th Dec., and
A Bahia on the 18th.

The screw steamer Leopold the First, with troops
for India, arrived at St. Vincent's 14th Dec., and
sailed on the 19th, all well.
The Agra screw steamer, belonging to the Euro-
pean and American Company, with detachments,
arrived at St. Vincent's Jan. 1, and was to sail for
India in a few days.

The Royal Mail Company's steamer Australasian,
with the 68th on board, arrived at St. Yinct nt's on
the 2d inst. at 8 a.m., after a splendid run of 8 days
from Portsmouth, having left there at 8 a.m. on
Dec. 25.

The emigrant ship Windsor, from Gravesend to
Australia, was totally lost on Hartwell Reef, Bona-
vista, Cape Verde, on Sept. 1. The passengers and
crew were all saved, except the boatswain and one
seaman, who were drowned. Twenty-seven of the
passengers and 25 of the crew came home in the
Medway.
At 10 a.m. on the 14th inst., off Lisbon, the
Medway passed the Royal Mail steamer Tyne, with
the outward mails for the Brazils.

PROPOSED ABOLITION OF THE EAST
INDIA COMPANY.

Yesterday evening a public meeting was held at
the London Tavern, Bishopsgate-street, "to con-
sider the proposed usurpation by an irresponsible
Cabinet of the functions and patronage of the East
India Company.
The chair was taken by Mr. George Crawshay,
late Mayor of Gateshead, and a proprietor of East
India stock. There was a large attendance of the
public, including several of the working classes, and
among them several representatives of the Chartist
community.
The CnArnauN said that the present meeting
was intended by those who had called it to be only
the first of a great series of meetings. It there-
fore became his duty to lay before the meeting what
were the views of the gentlemen who, together with
himself, had determined upon instituting this
national movement. They had a solemn belief
that this country was in danger of destruction—
(laughter, and cries of " Hear, hear ")—owiug to
the delusions which prevailed in the minds of Eng- ,
lish people. If he could believe that the doctrines
put forward at public meetings and in the press
were the convictions of the people of England, he
could have no hope for England. He would
merate a few of the doctrines which had passed
current in the press, in drawing-rooms, and clubs
during the last six months. It was not long ago
since Ministers of State said it was not possible to
ascertain the cause of the Indian difficulties, and this
apology was accepted by the House of Commons.
They knew well that if in their houses their property
was broken, they would not be told it was perfectly
impossible to ascertain the cause, and yet the Eng-
lish people were gulled with this nonsense from the
Ministers. What could be expected; of such a
people Y (Hear, hear.) An assertion had been
made in public by Mr. Massey, M.P., that the
cause of the revolution was to be attributed to our
having tolerated the religion of the Hindoo, and
lrn
at t
. Thele imrealtietefrllad
now gone to such a length thatfund
yet no one rose to contradict h.
meeting it was said
ofw
eought not to inquire into
those causes.
t nght had been"Oh, oh.") The meeting of
rnadia iwas to bea and
held,
attributedto
tsoh otwh
eviolation thatltaheonof
revolt
thein
laws of God man by the English people. If
they inquired who these people were they would
findthe menthat
the authors of those crimes were among
and throw who
thei p oowwievr into their w
anted abolishtoon hands. thean
s. T
Companyhis
was one of the most monstrous proposals ever
made. The Government said there was no means
of ascertaining the cause, and that the only remedy
left was to abolish the East India Company. He
remembered having heard a story of an English
Minister who declared that if he could not make
the English people believe nonsense, he could do
I nothing with them, What had the people of Dia!

- (
\ S PAP.F
land to gain by the abolitioit
Company ? What might) the,
abolition ?:(Cries of "ileTolling..
that the East India. Company
people- and fifty millions of
be saddled upon the people
Cempany were abolished?
East India Company had not
England one ferthing.
ftoarxead
ociienetsthiriythoganfdor tiht.e p(Leoapolgehtheard,
-cries been
taxed ene shilling for it. (Laughter, and -cries of
•
pany hail obtained an empire in indila';'
ani
ehold b e it
for td.") theido .
npeople
of-EtAllt.and
o, o.)
'w'
want
tyteor sboef t
abxl oe od
F Company alone. (Laughter and hiiim)
was India obtained ? (A Voice—cteey-
robbery.") He knew many crimes were •nm Med*
but who was to blame for them, the Companyor
the Government (Cries of " The- Gevernnient"
and confusion.) The Government made tjathoetfngg ot
Afghan
iwt.arothh,eoEh.a)st
HlnedcioantGoenraded that Company kw
the acts of Rua.
cessive Governments towards- India had been one
tissue of unmitigated injustice from beginning to
end. (Cheers and uproar.) The people were told
that the Company was to he abolished because there
was a double Government, but if the Government
proposition were carried, the Company would be
abolished, and the whole of the power would be
centered in a Secretary of State, or, in fact, ite the
Board of Control. Ministers had already too much
power in this country—(hear)—and of later years,
while reforms were talked about, the power of the
Government was daily on the increase, until at
length the House of Commons had become the tool
of the Prime Minister. (Cries of " Yes, yes," and
" No, no.") How bad thus been brought about
Why, by centralising power and patronage in the
hands of .the Ministry, Did they know that
Government patronage was given to the au porters
of the Government and to no others. (A Voice—
" Gera the Government of India to the people of the.
country—the working classes.") (Laughter.) Well,
the East India Company had never taken a shilling
from the working classes. (Cries of " Oh, oh,"
and groans.) . Every British soldier who went out
to India was paid out of the revenues of the cone-
try. (A.voiee—" India is quite old enough to go-
vern itself.") With all the faults of the Company,
and they were many, there were men among them
who understood the people of India. A great
charge against the East India Company was that it
desired to respect the religion of the Hindoo ; but
if the natives of India were once persuaded that the
Government intended to force them to become.
Christians; the country could not be hold a mouth.
had-been won by our ancestors—by greater
and hetfei men than those now living. (Uproar,
and cries of "Out of the chair," " We don't want
you." and great confusion.) He believed tbat when
the justice of the people of England was appealed
to a cry would be heard of justice to the people of
India. His advice was, rather let India be lost
than justice not be done. (Cheers and uproar.)
Mr. M. LEWIN then moved the first resolution as
follows :—" That the Court of Directors, by sub-_
mittin 0. to the coercion of the English Government,
have brought upon India and upon England the
disasters and the dangers to which both are now
exposed, and that this meeting holds the prevention
of the further aggravation of those disasters and dan-
gers to reside solely in the Court of Directors assert•
ing for the future their administrative independence,
recurring to the rules laid down by the House of
Commons in 1782, and by so doing, obtaining for
themselves the support of the people of England."
A‘ter asking for a fair hearing, he said it was
the duty of the East India Company, having
acquired the government of India, not to give it up
at the call of the present corrupt Government,
having at its back a corrupt House of Commons.
That being so, it was for the public to consider
whether they could add to the patronage of a cor-
rupt Government, which had recently introduced
into the Cabinet the Marquis of Clanricarde, and
he was there in consequence of his belief that to
that nobleman the destinies of the country were
to be handed over, in consequence of his being the
relative of Lord Canning. He said all the disasters
that had taken place iu India were owing to the
imbecility of Lord Canning. (Hisses,)
Major STEWART ROLLAND having explained the
resolution at considerable length, strongly cen-
sured the conduct of the Imperial Government
from time to time. He commenced with the war
in Affghlnistan, which he stigmatised asa piratical
attack upon a friendly prince. The result of that
war was a loss of 15,000 men, and 20,000,000 of
treasure, all this being done in spite of the protest
of the East India directors, who were threatened
with a mandamus to coerce them into submission
to the orders of the President of the Board of Con-
trol. That was followed by the Scinde war and the
Scinde annexation. Tracing the Government of
India down to the present time, he referred to a
spurious public opinion that was attempted to be
Lreught about, as in that very room, a short time
since, Lord Clanricarde stood up and said, " Do
away with the East India Compony, and transfer
their power to the government of the country."
Within 48 hours of that time he was a Minister of
the Crewn. (Hear, hear.)
Mr. Ricereztees, amid considerable laughter, moved
the following, as a rider to the resolution before the
meeting : 'That the bill about to be brought
into Parliament, as far as its provisions are known,
boars a striking analogy to the India Bill brought
into Parliament by a coalition in 1753, which
George 111. refused to sanction, and dissolved Par-
liament rather than submit to. That all Govern-
ments since 1834 have proved the innate depravity
of human nature by the centralising and tyrannising _
measures adopted and carried on by them ; and
that this India Bill is a counterpart of the same
measure, and is identical with those that led to the
assassination of Buckingham, the execution of
Strafford, Archbishop Laud, and Charles I. ;' and
that this meeting declares its firm resolve indivi-
dually to resist centralisation as England's worst
enemy, and a retrograde movement to continental
despotism.
This amendment haring been seconded,
Mr. HENRY MEAD, late editor of the Friend of
India, moved a second amendment, as follows :
The meeting of that night was a movement in ad-
vance, as for the first time the representatives of
the East India Company were found appealing to
public opinion. They were now in the position of
a condemned criminal, who was asking, through
his friends, a reprieve and respite from his sentence.
So the East India Company now came before the
public in the position of a criminal who had been
tried and sentenced, and who knew that the Pal-
merston Calcraft was waiting for them. (Laughter
a trhoes
poopoi
sniibolne
He
iiinnuStead of the
thisfoaofurdin c imfe eear sde t.mi) isa moved,desirable‘l't
noTdohibaatt, a
present double government ; also such a reform of
our representative system as will ensure an effective
parliamentary control of the Indian authorities in
parliament." (Cheers.)
Mr. ERNEST JONES seconded the amendment.
Mr. JOHN FROST then rose to address the meeting
He said that if the power was taken out of the
hands of the East India Company and put into
the bands of the government, it would be to put it
into the hands of worse men (great confusion during
which Mr. Frost was obliged to retire to his seat.)
The CHAIRMAN suggested an adjournment, but
Mr. Ernest Jones denounced it, and insisted that
the vote should be taken at once, and denounced
the adjournment as a trick. Considerable time was
consumed in the endeavour to proceed with the
discussion, during which Mr. Jones came forward
as one of the people to more the adjournment, but
without the slightest success.
The amendment moved by 'Mr. Mead and.
seconded by Mr. Ernest Jones wasthen pa t ,
it.
Aand
carried by an overwhelming majority, there
re
eh ar
being-
not morevote thanofthanks a doz dozen handss thenheld
passedupagainst
man, after which the meeting separated.

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'Hiia37,-, Mar. ri '-'
cost the penbit, off'
tex:.

The Com-

ENCOUNTER WITH A HIGHWAY 'ROBBER IN THE EAST
RIDING.—On Thursday night, about eight o'clock, as
Mr. George Ciark-on, of Huggate Lodge, was returning
home from Duffield market, he was violently assaulted
and attempted to be robbed, by a man knocking him
from Lis horse with a bludgeon, and then jumping upon
his body, seizing him by the throat, and attempting to
strangle him. They had a violent scuffle, but Mr. Clark-
son having fired four barrels of a revolver at him, the
last took effect about the chest or jaw. The man, shortly
after the last shot was fired, jumped up and ran away
with his clothes on fire, and the remnants of them were
afterwards found in the adjoining field. It is believed
that the man must have been wounded severely, and
also burnt about the chest, neck. head, and hands. He
appeared to be about five feet eight inches high, thin in
the face, and dressed in a white slop and cap. His cap
and a silk neckerchief were left behind, the neckerchief
being burnt.—Leeds Mercury. . _

FATAL COLLIERY ACCIDENT.—An accident which in-
volves the loss of four lives occurred at the Clay Cross
Collieries, Derbyshire, on Monday morning, by the
breaking of a rope. It appears that the men left the pit
about 12 o'clock, acid returned about half-past from
dinner. They were being let down by fours. About 20
minutes to one, four men, ❑amed Edward Johnson, aged
30 ; James Green, 19 ; Joseph Yardy, 20 ; and Edward
Stobes, 17, got on the cage to be let down the pit. The
cage was lowered, but it had not gone down ten yards
before the wire rope broke, and the four persons were
precipitated to the bottom, a distance of 70 yards, and
killed on the spot. The bodies were got out of the pit
and removed to the New Inn, Clay Cross, to await the
coroner's inquest. The wire rope had only be.eson
used
to a month since it was new. The rope was also
to draw up coals. Another
works to a man named Robert Kane, who °hind,
Eating out sow
Th
in an ironstone pit. The man was him. e
when about 10 cwt. fell uponahnirn,..'"
a•jured. Inquests will
accident occu
body was very much crus_l2. d y
be held on the bodiew 0-3 Taw *4.
elthpelosaymeda