The Sun.
London, England, 1867-08-30 00:00:00

IS LORD DERBY A TORY ?

- --o

TO THE EDITOR OF THE SUN.

Stu,—lt must be owned my grammar has been
commencement
along
in my correspondence with you since the
of the present year extremely para
d o x-‘
topsy
turvy. I have gradually rolled
began with the future tense, then
backwards,ica l
i.e.,
descended, or rather ascended, to the preterite, and
I am now going further back still into the indicative
mood,
all-important question of
at the beginning of
last
ephn r
yt tense.
with I b
mportant
the
" What Will Lord Derby Do?" I foretold his
Frreus
February
Reform Bill, and said there was no reason why we
should not have a Reform Bill from a so-called
Tory or Conservative Government. I showed
historically what great reforms had been carried in
days of yore by our present noble Premier. I asked
three weeks ago in my last letter to you, at the close
of the session, What Had Lord Derby Done ?"
I will not weary you and your readers with going
over again the arguments and remarks made by me
to you in my letter of the 9th curt. I will merely
add that what I then and there hoped might come
to pass has come to pass, i.e., the Reform Bill of
1867 is now as much part and parcel of the law of
the land as its illustrious ancestor, the great Reform
Bill of 1832. I trust the question of Reform is
again set at rest for many years, as it was after the
memorable and hard-worked-for measure of 1832.
Having, therefore, prognosticated what Lord Derby
would do, and having in my letter to you of a
few weeks ago shown what he had done, I
no of come to the still more important inquiry,
Is the Noble Earl a Tory ? Would he bring
back the old state of representation which existed
prior to 1832 ? Would he, if he were able, bring
back rotten boroughs;- with a'l their horrors and
evils? Would he refuse the Roman Catholic Re-
lief Act, bring back the criminal code of George
restore the Test and Corporation Acts, re-
store fines and recoveries, exclude the half blood
from succeeding to landed property, prevent lands
from lenially ascending as they have done since
1834, restore the ten Irish bishoprics, which he
laboured so effectually to abolish in 1833, and
which, moreover, according to the Edinburgh Re-
view, was the corner stone of the Oxford and Trac-
tarian movement, which commenced first 34 years
ago, as this it was which so alarmed the :„mind
of John Henry Newman that he seriously com-
menced what has since been popularly called
Puseyistn? Would he, if a magic hand could re-
, store the state of things of 40 years ago, in 1827,
'towards the close of the so-called Georgian era,
sympathise with Lords Eldon, Sidmouth, and
Liverpool? In short, does the Lord Derby of 1867
entertain different opinions, and is he at all a dif-
ferent personage from the Mr. Stanley of 1827?
Let us go a few years further back, to ablut 1824,
and what do we find ? Lord Liverpool the head
of a Tory Goverutrent, with the late Lord Pal-
merston Secretary at War in the same Administra-
tion ; our present Prime Min Liter, Lord Derby,
then a member, and a most efficient member, too,
of the existing Whig Opposition. Forty years
afterwards we find Lord Palmerston, the War
Secretary of that very Government, Prime Minis-
ter; and the Mr. Stanley of those days a member
of the Whig (1
—Pposition, an earnest member
of the Opposition. Parliamentary Reform was
not considered necessary in 1864 any more than it
had been in 1824 ; indeed in both the two last
named years it was far more thought of by the
Opposition than the Government. Never once
has Lord Derby regretted or expressed against
the Government of Lord Palmerston in. the
least regret at anything he did in the days

of his youth. I answer my question, then, with
the assertion by stating that Lord Derby is not a
Tory, but au old Whig. Yes, a genuine old Whig
of the Grey, Lansdowne, Brougham, Denman,
Althorp, and Russell school—one of the very few
remnants of that old time-worn Whiggery which
carried us through the gigantic struggle of 1831
and 1832. The only individuals now living who
were efficient members of the Government which
carried the Reform Bill are first and foremost our
present Premier ; Lord Russell, Lord Grey (then
Lord Howick), and last, not least, the venerable
Lord Brougham, now in the 90th year of his age—
a shadow, but not a substance of the fanous Henry
Brougham of other days and olden tin-p.. Yes,
Lord Brougham is a shadow in every sense of the
word of what he was—as Mr. Henry Brougham,
counsellor to Queen Caroline in 1820, or as Lord
Chancellor Brougham of 1831 and 1832. With
the exception of those four noblemen just named, I
am much mistaken if every other member of the
old Reform Government of 1832 is not dead.
They may in good truth be called the ghost of the
departed Grey Administration ; but the most sub-
stantial ghost of all, to my mind, is our present
Prime Minister. 11e more thoroughly represents
the principles of that ministry than any other man
now living. It has been the fashion in many
quarters and circles to call Lord Derby a turncoat
and a renegade ; that this charge is nothing but an
assumption and an assertion it is not difficult to
prove.

Lord Russell in divers ways has more than de-
parted from the views held by him in tho good old
days of 1831 and 1832. As regards Lord Brougham,
he has long, long since departed from political life.
True, indeed, it is that he has until quite recently
mixed and taken a deep interest in all matters con-
nected with, alai having for their object the pro-
motion of, social science and law amendment ; but
as far as mere political life proper is concerned, he
cannot be said to have moved in it for the last 20
years. Lord Grey, too, entertains very different
opinions to those hell by his late father in 1831
and 1832. We have indeed wandered far from the
sentiments that guided us in those days, for " the
fashion of this world passeth away ;" but, as I said
before, the best representative and executor of
those days is all to nothing our present noble Prime
Minister, who now in 1867, as in 1832, has carried
a good, rich, useful, and substantial measure of
Reform. More indeed is it than the so-called
Liberal party ever could or would have carried.
Again, and for the last time, do I say that it is a
most undoubted fact that no measure of Parliamen-
tary Reform has ever arrived at maturity unless our
present most illustrious chief has happened to be a
member of the Government. As regards the abor-
tive measure of Reform brought in by the defunct
Government a year and a half ago, it was something
like that of a gamester, who when he throws for
his last stake a smile will often sit on his counte-
nance, while all the demons of wretchedness and
deipair are preying on his worn-out features ; and
this Topius was a fair representation of the late
Government ;dm they brought in their Reform
Bill in 1866. I end, therefore, as I began, by
saying that Lord Derby is no Tory at all, but a
genuine old Whig ; and with our Chancellor of the
Exchequer do I say, let us be thankful we have got
rid of our Liberal monop'ly.—l remain, Sir, your
faithful servant,

A LOVER AND OBSERVER OF HISTORICAL

DATES AND FACTS.

Grand Lifeboat Demonstration at Falmouth.

Yesterday was a grand day at Falmouth, the
occasion being the inauguration of the splendid new
lifeboat presented to the town, through the National
Lifeboat institution, by the city of Gloucester. The
lifeboat was taken through the town in procession,
and then publicly launched in the docks. The pro-
cession was formed on the Moor, and proceeded
through several of the principal streets to Penrhyn,
returning to Falmouth Dock, where the boat was
received by the president and vice-presidents of the
local lifeboat committee. She was then launched,
and put through various evolutions, including cap-
sizing, under the suß.:rintendence of Capt. Ward
R.N., inspector of lifeboats to the Nation al Lifeboat
Ins:itution. The procession comprised the local
rifle volunteer corps, with their bands, the militia
staff and band, coastguard men, sailors, marines,
members of the Orders of Freemasons, Foresters,
and Odd Fellows, and their bands, the mayor and
corporation of Falmouth, the local lifeboat com-
mittee, a deputation from Gloucester, members of
the Chamber of Commerce, &c. The lifeboat,which
was mounted on her transporting carriage, was fully
manned and equipped, and was drawn by twelve
fine horses. Previous to the launch, the Mayor of
Falmouth, in a very appropriate speech, addressed
the spectators, and said that it had afforded him
peculiar satisfaction to assist on that auspicious oc-
casion. There was no institution throughout the
length and breadth of the land of a more practical
character than the National Lifeboat Institution.
(Cheers.) But as he was to be followed by a gentle-
man who had for many years past devoted his
tAlents and untiring energy to the promotion of the
lifeboat cause, he would not detain the assembly
any longer, but would at once call on Mr. Richard
Lewis, secretary of the institution, to address
them.

Mr. LEWIS said—Mr. Mayor, ladies, and gentle-
men,—lt is indeel peculiarly gratifying and encou-
raging to be present in this old town of Falmouth on
this joyous occasion, when you are formally inau-
gurating your splendid lifeboat. (Cheers.) The
people of the city and county of Gloucester have
nobly done their duty by the lifeboat cause, and
to-day you have likewise done your part in a gene-
rous spirit. (Hear, hear.) The combined result is
what we have just seen—one of the most complete
lifeboat establishments on the coast. Let no one
say after the shipping disasters of last winter in this
neighbourhood that a lifeboat is not wanted at
Falmouth. Many are to-day the widows and orphans
of the poor fellows who perished on those days, who
cease not to wish that the Gloucester lifeboat had
been here on that calamitous occasion. As far as
the lifeboat itself is concerned, you will, I doubt
not, hereafter be much pleased with her qualities,
and, like the mayor, I believe bhe will never lack
willing hands to go afloat in her in the stormiest
weather. (Hear, hear.) Indeed Cornish sailors
and fishermen have stood forth conspicuously in
manning these lifeboats. In times of yore they
were notorious as wreckers ; but in the present
day their character is quite changed, and no
storms ever appear to appal them, and the con-
sequence has been that some of the noblest life-
boat services have been performed on your rugged
coast. (hear, hear.) Yes, more than that, as Sir
Stafford Northcote said at our annual meeting the
other day, when his Royal Highness the Prince of
Wales presided over it, the noble fellows have not
only been always ready, under the most desperate
circumstances, in their lifeboat to succour ship-
wrecked sailors, but they have on one or two occa-
sions saerified their own lives in the performance
of their philanthropic duty. (Cheers.) Again, the
lifeboat cause receives a larger amount of support in
Cornwall and Devon than in any other two counties.
And really this support is not limited to any parti-
cular class, but comes alike from the very highest
as well as from the humblest of the population.
(Cheers.) his Royal Highness the Duke of Corn-
wall and the Duchess are staunch and liberal sup-
porters of the institution. (Cheers.) Jler Majesty
the Queen has also for many years given her £5O
annually to the society. (Cheers.) Again, some
of the principal landowners have also been generous
supporters of the institution. Amongst the fore-
most of them is Mr. Agar Robartes, M.P. From
a letter I received from him a few weeks since, it
is quite clear that no benevolent work in Cornwall
had given him greater satisfaction than the help
he had so bountifully extended to the lifeboat
cause. He was its friend from the beginning, and
he has continued ever since to be one of its most
liberal supporters. The lifeboat that is about
to be stationed at Mullion, in memory of the late
Rev. Daniel J. Draper, who unhappily perished
from the steamship London, has been principally
contributed by the Wesley-an Methodists of Corn-
wall. (Cheers.) Thus then the Cornish people in
this, as in every other good cause, have nobly done

their part. (Cheers.) The commodious and con-
venient boat-house, the cost of which has been raised
in Falmouth and its neighbourhood, also testifies
that you mean not to be one whit behind other
places in supporting your lifeboat establishment.
(Cheers.) And here I am induced to make one or
two remarks on your wonderful harbour. I am in-
clined to believe that if you were to put forth a
united and vigorous effort, like what I have seen in
your hearty welcome to the boat of mercy to-day,
the dawn of returning prosperity to the old town
would not be far distant. (Hear.) As men of ex-
perience, integrity, and perseverance, you will yield
to no other portion of the community, and a united
action in this, as in every other successful enterprise,
is principally and alone needed to insure success,
for the shipping facilities of Falmouth are undoubt-
edly unrivalled by any other port. (Cheers.)
Surely it ought to command a very large proportion
of the enormous shipping of our country. It is
calculated that upwards of 400,000 vessels enter
inwards and clear outwards from our ports every
year, and that they represent 70 millions of tons,
and, including their cargoes, about £600,000,000
of money. It is on occasions when some of
these. 400,000 vessels get into danger that our life-
boats and others are called into requisition, and
perform noble deeds, which we hear of almost every
day, during the winter months. The operations of
the National Lifeboat Institution embrace the whole
coast of the United Kingdom, and when you are
informed that our seaboard is 5,000 miles in length,
you can easily comprehend how extensive and im-
portant those operations are. (Hear, hear.) These
400,000 vessels are manned probably by nearly two
millions and a half of men and boys. Amongst
such an enormous mass of shipping it is only to be
expected during storms that the casualties should be
very large. During the past year the shipwrecks
on the coast and in the seas of the British isles
numbered 2,012, and happily on account of the ser-
vices of these lifeboats, only 698 sailors, out of
about 6,000 men of the greatest value to the com-
merce of our country, and in films of war its prin-
cipal defenders, were lost. Still that is a large
number, and this contribution of the Gloucester
lifeboat to-day will, I trust, diminish even that
number. (Hear, hear.) When a shipwreck takes
place, which is, of course, mostly in stormy
weather, that is the time when the lifeboat
is called into requisition. As soon as the sig-
nal of distress is made, the crews of our lifeboats
aro ever ready to man them, either in the night
or in the day, no matter how strong the gale
may be. On such occasions the crews who man
the lifeboats never falter for a moment ; indeed,
the great difficulty is to keep the men out of the
boat when she is required, and the British tar now
displays as much bravery in saving life on our coasts
as he used to do in former times in defending the
honour and interests of our country. (Hear, hear.)
Now, it would be cruel to call on these men to
sacrifice their health, to sacrifice their clothing, and
sacrifice, perhaps, everything that is dear to them,
without some acknowledgment for their noble
deeds. The Royal Lifeboat Society pays each man,
when he goes afloat in the daytime, 10s., and each
man for night service, 20s. ; so that when a lifeboat
goes to sea it costs the institution about £lO or £l2
in the day, and £l4 or £l6 in the night. Again,
in order to practise the men in the management of
their craft, they are required to go afloat in the
lifeboat once in every quarter throughout the year,
when they are paid 5s each man in rough weather,
and 3s. each if it be calm weather. I should ob-
serve, in Negard to these payments, that they give
the utmost satisfaction to the men. They know
very well what they are to expect ; we never receive
any complaint from them ; and they know that
when they have to perform services attended with
more than ordinary peril, their payments will be
doubled. But I should like to impress upon you
that the crews are seldom actuated by mercenary
or pecuniary considerations, they are generally
impelled by a much higher and nobler feel-
ing. (Loud cheers.) The lifeboats of the insti-
tution have been manned during the past five
years by about 30,000 persons, and yet only 11
lives were lost—a most remarkable illustration,
under the providence of God, of the safety of the
lifeboat, and of the admirable provision made by the
institution for the security of the brave men who
are ever ready to man its boats. (Loud cheers.)
The first expense of a lifeboat station averages
about £6OO, and after the station is complete it is
necessary to keep it in a state of efficiency ; because
if a lifeboat is not kept up well, it often becomes a
death-boat. (Hear, hear.) For the future main-
tenance of a lifeboat station, therefore, the sum of
£5O a year is required, and I have no doubt, in con-
junction with yourselves, Gloucester will not forget
the future support of its lifeboat. Happily money
is never wanting ; all classes, from the highest to
the lowest, as I have just said, liberally support the
National Lifeboat Institution. Foremost amongst
the supporters of the institution have been the
ladies. They have given it altogether 42 lifeboats ;
some have been presented as memorial boats, others
from a desire to help forward the work of the insti-
tution. We have also received 27 lifeboats from
different towns and counties, and this is the second
boat the county of Gloucester has given to the in-
stitution, the previous one having come from Chel-
tenham. I am one of those who have no mis-
giving as to the future success of the
institution, provided its operations are con-
ducted above-board and on the sound principles
which have hitherto guided its councils. (Cheers.)
The institution has 181 lifeboat establishments on
the coasts of the United Kingdom, and it has ex-
pended on them about £lBO,OOO. Again it has
paid in rewards for saving 16,500 lives over
£25,000, in addition to 858 gold and silver medals.
Some of the noblest services performed by lifeboats
have been done on the coasts of Cornwall and
Devon, where the great Atlantic wave is felt
perhaps more severely than on any other part of
the coast of the British Isles. We all remember the
noble services which the Penzance and other life-
boats performed last winter. (Cheers.) But perhaps
Cornish men never performed a nobler deed than
that rendered the winter before last by the lifeboat
at St. Ives. She capsized twice, but the St. Ives men
were determined to perish themselves rather than
the Frenchmen who were shipwrecked should be
lost. (Cheers.) That deed excited not only the ad-
miration of the residents of the two counties, but
also of all the country. Indeed, it was so daring and
so persevering that the Emperor of the French con-
ferred an unusual mark of honour on the men of
the lifeboat crew, by sending the coxswain a gold
medal, and a silver medal to each of the others. It
is gratifying to know that foreigners who are
shipwrecked on our coast know that great and
successful efforts will be made to save their lives ;
and they cease not when they return to their own
country to express their gratitude for the help
rendered to them by England's lifeboats. Indeed
the name of the institution has become almost a
household world throughout the maritime countries
of the world, and in recognition of its great services
to shipwrecked sailors of all nations the Inter-
national Exhibition of Paris has just presented to
it one of the three magnificent gold medals that
have come to England as grand prizes. I had the
honour myself to receive it from the hands of the
Emperor of the French, and no one has been more
pleased with this tribute to the institution than his
Royal Highness the Duke of Cornwall, who was
present on the occasion. Such, then, is the hold
the institution has upon the public—not only the
public of England, but throughout the civilised
world ; for contributions come to it from all parts
of the globe. (Hear.) Now, in addition to the
services of a secretary, we also engage the services
of two captains of the royal navy, one of whom is
my excellent friend, Captain Ward, inspector of
lifeboats, who is here to-day rendering considerable
assistance, and whose zeal in this good cause is un-
paralleled in the history of the benevolent institu-
tions of this country. (Cheers.) With regard to
the affairs of the institution, they are conducted on
the strictest principles of economy and disinterested
assiduity. I suppose there is not an institution in
London that has abler men on its committee of
management. The Duke of Northumberland is its
president, and amongst those of its committee may
be mentioned Mr. Thos. Baring, M.P., uncle of
your late respected representative ; Mr. T. Chap-

man, Sir Edward Perrott, Mr. W. H. Harton, and
others, who are devoting so large a portion of their
valuable time to the affairs of the society. (Hear.)
Mr. LEWIS afterwards cordially thanked the
Mayor of Falmouth and other gentlemen, and the
several railway companies, who kindly gave the
lifeboat a free conveyance to her station.
Other gentlemen having afterwards addressed
the meeting, the proceedings, which were of a WI
interesting character, closed.

In the evening a public banquet took place at the
Falmouth Hotel, over which the Mayor presided.

LATEST INT.EiLLIGENCE

(REUTER'S TELEGRAMS.)

AMERICA.

NEW Yoric, August 29 (6 p.m.)•
President Johnson has ordered General Hancock

to relieve General Sheridan, General Thomas, who
was to replace Sheridan, being ill. General Grant
has executed the order.

The Belgian arrived out on Tuesday, not the
Bellona, as previously reported.

COMMERCIAL INTELLIGENCE.

CLOSING PRICES.—GoId, 1414 ; sterling ex-
change on London, 1091 ; 5-20 United States
Bonds, 1141; Illicois, 120 ; Erie, 694. Cotton:
Midland Upland, 27.

PHILADELPHIA, August 29.
Petroleum, standard white, 28f.

(Arrival of the Russia.)

Tho Royal Mail Steamship Russia, from New
York on the 21st instant, arrived at Queenstown at
11 p.m. yesterday (Aug. 29), with 89 cabin passen-
gers. She landed all the mails, except those for
Liverpool and a portion of the Scotch-24 passen-
gers—and proceedel for Liverpool immediately.
All well.

NEW YORK, Aug. 21.

President Johnson has transferred General Sheri-
dan to the command of the Department of Missouri.
General Thomas is to ccmmand the Fifth Military
District, and General llancock the Department of
Cumberland, vice General Thomas.

General Grant has transmitted President John-
son's order to General Thomas, with additional
instructions, requiring him to execute all orders
now in force in the Fifth District, unless authorised
by the General-in-Chief to modify or annul the
same.

General Sheridan is to report himself in Wash"
ington previous to assuming the command in
souri.

It is reported that General Grant has protested
against the removal of General Sheridan, on the
ground of it being contrary to the wishes of the
people. President Johnson, in reply, said he ac"
uowledge d the brilliant military services of Sheri-
dan, but he lacked the judgment and moderation
possessed by General Thomas. At a subsequent in'
terview the President and General Grant are said
to have harmonised on the subject.
It is reported that General Sickles will soon be
removed for disregarding the President's orders neS
to interfere with the Federal Courts. The execu'.
tion of the processes of the Federal Circuit Court of
North Carolina is still obstructed by the authority
of Geu. Sickles. The captain of a steamer r lYieg
between Charleston and Beaufort has been fined for
refusing a negro woman a first-class passage.
General Pope has written to General Grant coin
plaining that some prominent rebels in his district
retard the Reconstruction, which, however, he be'
lieves will be sustained by a large majority of voter
at the approaching conventions.
General Sheridan has ordered the election 0f
delegates to the Louisiana Convention to be he°
on the 27th and 28th of September. The national
troops are to protect the elections where fraud and
violence are perpetrated.
The Richmond City Council has protested to
General Scholefield against having to support negr

paupers.
Mr. M'Culloch has published an emphatic denial
of the report of the over-issues of national seer

rities.
Meetings of the Radical soldiers and sailors hi
been held at Washington and Philadelphia, 3
which the conduct of Mr. Stanton was heartily
endorsed, and the removal denounced.
Judge bolt denies the truth of the recent reports
connecting him with a conspiracy against PresiOnt
Johnson.
The frigate Elizabeth has been detained at 1%44
Orleans by Admiral Tegethoff.
it is reported that the body of Maximiba-
laying in the church of Queretaro, and was 13°
delivered to Baron Magnus.

AUSTRIA.
VIENNA, Aug. 3°.
The New Free Press says that a meeting of the
Austrian and Hungarian Ministers will be held to•
day, under the Presidency of the Emperor,
tivliea
the proportion of the public debt to be bornobf
Hungary will be discussed, and some propos/o°o
made to be submitted to the Austro-lluDgari3
Conference.

FRANCE. jot
EOURSE, August 29, TWo o'clock.—Theta '"
fld
is decidedly weaker to-day ; sales predornioate',!ayo
quotations are consequently lower. Threes o'o
declined 10c., to 69f. 40c. Italian Fives are.
48f. 80c., also a decline of 10c. Credit IN-lobi'l.gh
shares lose Mr.—at 298 f. 75c. ; and 51)413/,,-.1-s,
Mobilier, 3f. 75c.—at 192 f. 50c. Comptoir
compte and Credit Foncier have each receded 7f.
50c. Immobiliere have fallen 7f. 50c.---at 1

50c. Railways are likew
Three o'Clock —The In;
4 per Cents 99 9.5
Do. end month
3 per Cents. 69 30
Do. end month 69 30
Credit Meinlier
Do. end Month
Credit Foncier 1360
Da. cud mouth 1362 50

ise at lower prices.
trket closed as follows
Bank Shares ......... 01° TO
Italian Loan .....••" yot
Do. end m0nth......
Mexican Loan ...... "28
Do. Bonds ........•
1`" •••"
Spanish Throes
Homo Debt .........
Deferred ............

Tor
375
7 5
8 3
8g4:5 A 55588671 2°67035:
t

49 '

NONEY 'MAR BET

AND
COMMERCIAL INTELLIGENCB,

TWELVE O'CLOCK.
The affairs of the Atlantic and Great IVestern
Railway have become notorious, their gross finan-
cial mismanagement having brought the whole road,
its directors and managers, into disrepute. This is
proved by the non-payment of dividend, the issue of
mortgage bonds, and the marketable value of all the
securities. In the columns of a contemporary,
well supported by the principals of Bank of
Ingland, letters appear, signed James "Theory,
i▪ n which elaborate efforts are made to ex-
pima away the difficulties in which European
investors' interests have been grossly sacrificed by
unscrupulous management. Mr. James Mc Henry,
i▪ n an aphorism with which he is no doubt well
acquainted, will remember " qui s'excuse s'accuse."
1N hat could be more significant of maladministration
than the following admission of Mr. James
Had the affairs of the road been
vigorously administered, its resources fairly deve-
loped, and reasonable economy exercised in its dis-
bursements, all interest money would have been re-
gularly provided, and consequently, from sustain ed
Credit, a very much higher rate had from sale of
bonds and shares under pledge for advances. The
realisation of these latter at disastrous rates de-
prived me of the use of at least a million sterling
in 1866—caused me a loss to that extent in money,
and greatly more in credit." Mr. M‘lienry men-
tions that if his views. be carried out the property
may be brought to a state of solvency in three
years. The bondholders and shareholders may
suggestively think, in accordance with another
proverb

"Notre mal s'empoisonne
Du secours qu'on donne."
To all who have money invested in this undertaking
there is only one word of advice, and that is, re-
organisation.
There was an influx of £138,000 in bar gold,
and 9,000 sovereigns from Paris at the Bank of
England yesterday. The shipments of gold from
Melbourne since the departure of the last mail have
been to the extent of £718,000.
Atlantic and Great Western Railway Debentures
remain at 23 25, and the Colsolidatcd Mortgage
Bonds at 21 22.

The Alice has arrived at Liverpool from New
Orleans with Mexican dollars amounting to £70,000;
and the Queen, from New York, has brought about
£50,000 in specie. The Mexican dollars by the
West India packet have been sold at 59d. per
ounce, and the bar silver at 60d per ounce.
In the Foreign and Colonial Produce Markets
during the last few days there has been very little
animation. Sugar has been in limited request at
barely previous rates, while superior qualities of
coffee have been in demand at full values. Rice
has been neglected, and the operations in tallow
have been too limited to cause any material change
in values.
The return from the Bank of England for the
week ending the 28th August gives the following re-
sults when compared with the previous week :
Rest
£3,374,774 ... Decrease £25,160
Other de
Public deposits 7 350 218 ... Increase 823,704
Posits
18,870,130, Decrease 598,315
the other side of the account :
Government securities £12,812,373 ... No change.
r securities
... 16,976,823 .., Decrease 70,836
Notes unemployed ... 13,631,585 ... Increase 205,165
The amount of notes in circulation is £23,693,810,
_being a decrease of £238,080 ; and the stock of
bullion in both departments is £23,574,726, showing
an increase of £42,065 when compared with the
preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the price of Consols
with the correspondino•
week of last year :

-
-
Same week
At present. last year.
£15,832,0200
13ank
bullion
.. X 23,57-1,726 ...
Notes in reserve... .•
1-1,850,916 ... 6,933,5_1
Notes
in eircullti n - C 93 810 $.. 23,898,010
Mite of discou;it ° ::: 223 per'.c'ent. ' .... 6 per cont.
Price of Consols The return of th •••411 9li •.• 89}
e Bank of France for the past
lyeek shows the following alterations :—An increase
in the Cash in Hand of i 6620,000 ; Private Accounts,
X 613,000
XlBO ; Bills Receivable, 1.196,000 ;
,000 Treasury Balance, £66,640 ; Notes,
and in the
Advances 5,000.
The letters of allotment of the Taquaril Mining
C 3111Pany (Limited) have been issued.

o'CLocK.
4341 Y a few transactions have
taken Two place to-day
I_ll the market for the British Funds, and the other
departments of the Stock Exchange business have
. been depressed. Consols are 948 I for money
ond account, and 94f for October settlement.
The New Threes are 94f 8 ; Reduced Annuities,
I;per Bank of England Stock, 261 ; and India 5
Cents., 112 i 13.
of Very little variation has occurred in the value
.'
1, °reign Stocks. Italian are 488 ; Greek 12
ul3~'r ,
; Alexican 14a 1; Spanish Passive, 18+ 191 ;
Certificates ,
151 ; and Turkish 5 per Cents.,
A very limited amount of business has been tran-
sacted in the Railway Share Market, and with one
or tvvo exceptions lower rates are current. Metro-
Politan have receded 1, Great Western I, and Great
eastern and Brighton each 1 ; while Caledonian
have improved 1. Great Northern A stock is
quoted 114+ ex div.; North-Western 112 k 1131
ex div.; Midland, 117 ex div.; and South-Eastern,
65+ 661 ex div.
The Foreign and Colonial lines remain inactive,
Great Luxembourg being marked 10+ ; East
Indian,
111 1101 ; and Great Indian Peninsula,
110+ .
American Securities have improved. Erie
',hares, 44.45 ; Illinois, 76+ 77+ ; and United States
"-20 Bonds 731 +.

MINING MARKET.
FRIDAY AFTERNOON.
9hAnnexe are the current quotations :
iverton Moor .... 551 North Treskerby ll 1/
`6,iontales Gold ........ 55i Princeof Wales 4Bs 50s
Fast 11
.A.nialgamate 7:1 it Providence Mines
370.
390
ttst 4,3 et ............ 16 18 South Caradon
Eagt Ca.radon ......... 51 51 Tincroft
.......... West Chiverton 621 61
155 160
Gre tassell ..... . ... 11 11 West Seton
Great LnxeY ......... 181 19i Wheal Bassetil
Great tallick. ...... 441 Wheal Grhe.nvltlon —7
liftrl: Wheal Vor 161 171 Wheal
6s 8s
North oVrajrleY ......... 51 51 Wheal Crebor oLty ......... 441 Wheal Scton

BRITISH FUNDS—CLOSING PRICES.
a GOVEIMMENT PONDS.
94i i i
D'lr tient. Consols
9 i i
a 1)0. Account, Sept. 10
J 4 i 1
,„Per Cent. Reduced
94i it i
'°,W 3 per Cent
NW 21. Per Cent. Jan. 1894
4 '''''). Per Cent. Jan. 1873
1880 —ll,llllities, 80 rs expire sth Jan.,
___
41):bo. for 30 yYs2:ex ire sth April 1885
.ated Sear Telelraph), Au 6., 1908.
‘-'.oellier Bills, £l,OOO if
..za—rcnrp.nini
bo 4500
Pin
n , Do.
£lOO & £2OO
-4,111 c of England Stock, 5i per Cent
''''cat Account ................................
/tia•lN bLiar GOPFRNMENT SECURIILES
ea Bto .Iz, 104' ' r Cent., April 1874 l.)/I°. Account -.•
p.e . ...
I-71
13
6°,,'
,43 Per Cent.. .. . ily.., . 1680
ri- .k
Pet Ceut Oct. 1868
--0. Certificate' . '
—.4--
1)1)00. E., nft(ced I'asp. ..
... ....... . ue.nt 8
1) • o per Cent., Jan. 18,2
Do.
5i per Cent., flay 1879 _
'"°. 5 por Cent., Rap. Deb., 18,2 —
Do.
(10. - 1877
~, DO.
do. 1882
4'o. net. , o Aug. 1873
r,
~ ..) per ....,ent., —
_ pill
'', O. BOndi3, 5 per Cent., 41,000
p n
1)0. under 4100
A rOREIGN FUNDS—CLOSING
-rgentine llepublle, 6 per Cent
Alatr.
tr ~.I.all bonds, 5 per Cent. 1859
l'finan 5 per Cent.
• 1} Per Ceut., 1852-58-60
bo.
1853
syo.
Do
5 per Cent , 1865
too Account
80nd5........................ 73i 6
to ' 4100 .•
.
~,•Gaos Ay 6 per . Cont
e üba 2 Perest (Deferred 3 •per •Cent )
„ill 4) 6 per Cent
'4,,i1j11 6 Per Cent
4'o. 41 per Cent •'..::
Uo. 6 ,_.,
Cent, ...•
................... .
i)o. "lis-)67 t-, B .....................
„.., ,
D°. ,
.erip,
4:j.... ..... :i....
—die
to., 7 per C(,nt, 1%66 -
°1
feriP' 420.Paiq „ t..
.............. „.„„

Juno.
pm
pm
pin

anu Exeter ..
Caledunlan
Cork and 8and0n......1
~Cornwall
!Dublin & Belfast June 1
illun„Perth, & A b..Tunc '
K.l.c:adun, a alp Certi
Do.
Glasgow Sc S. Western!
Great Eastern, Ord. stk.!
Do. E. Angl. st. No. 2!
Great North of Scotian&
Great Northern
Do. A 5t0ck......
Do. B stock • 1

100
too

Do. New, is. at 25 pmt
GtS, and W. of Irelandi
Gt. Western -Original'
Do. S. V4l. hail gua.l
Do. South Wales ....I
Do. W. Mid.—Oxior

1 Do. Newport
Do. liereford !
Lancashire& Yorkshlrvl
London and Blackwall
Lon., Brigh.,.% S Coast
Lon., Chat., and Dave!,
Do. Metrop. Ex. A 1
Lon. Az North Western!
Lon. ez South WesterLl
Man., Shet., k Lincoln
Do. New
Do. Extension...—
Metropolitan District
Do. do. do.
Du. and St. John'sn'd
slidland
Do. £P Share
Do, Birmin.. & Derby
Mid Kent . . .
North British
Do. Ed.' Pth., & Dun.
lith. Eastern—Berwich
Do. (1.N•111 purchase
Do. Leeds .....
Do. York
Do. Carlisle
1)o. Stook. & Darling
Do. do. 18t10-61 ..... •
North London

Do. do. 1864 5 . .
Do. do. 1806
North Staffordshire
N. &S. W. Junction I
Scottish Central
Scot. N. E , Aber. stock
Do. Scot, Mid. stock
Shropshire Union
South Devon
South Eastern
Statues, Wok., & Wok
Taff Vale
Do. C
Vale of Neath
Waterford & Kilkenny
Waterloo & Whltelia
West Cornwall

301

06f 154

COLONIAL GOVERNMENT SECURITIES.

1:)0
100
100
V 0
100
100

Ss NS

luo
100
100
all
100
100