The Sun.
London, England, 1867-10-01 00:00:00

Guatemala 5 per Cent .. —
It ilian 5 per Cent., 1865 —
Do, Account
Do. Maremmana Railway 49}
Mexican 3 per Cent —
Ditto for Account
De. 1864 —
Do 6 per Cont. Anglo-French
Uonievidean 6 per Cont. . • —
Nloorish imperial 5 per Cent ' —
New Granada —
Do 3 per Con —
Do. Deferred
• Do Land Warrants (Hectares)
Por avian 5 per Cont., 1865 .. , —
Do Account 661
Do 41 per Cent., 1865
Do 4} per Cent. (Uribarren)
Do 41 per Cent., 1862
Do Account
Porttigueso 3 per Ct., 1853, '6, '7, '9,'60,'2,'3 391
Russian 5 per Cent., 1822, £ St —
Do 41 per Cent. 1850
no 41 por Cant., 1860
Do 3 per Cent., 1859
Do 5 por Cent., 1.62
no. Anglo-Dutch, 186-1, £lOO Bonds B7k q
Do. do. £B4 15s. do.
Do., 1866, £too Bonds... . .... ........
Do. do. £B4 los. do —
S irdinian, 5 pbr Cent 731
Spinish 5 per Coni. ...
Do Am./tint .. .
Do New Deferred... ...
Do Account
Do Passive
Do Account
Do Com, Cort. of Cou2. not funded
Do Account
7urkish 6 per Cent., 1854

Do Account
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds
Do 6 per Cent., 1862
Do Account
Do £lOO Bonds 64 5 4i-
Do. 1853
Do 5 per Cent., 1865
Do Account
Do 6 per Cent., 1865 sli
Do 4 per Cent., Guaranteed
Venezuela, 3 per Cent.
Do Account
Dividends on the above payable in London.
Austrisn o per Cent. Ex 10 Florins
Belgian, 4 per cent., Ex. 25f.
Dutch 2i- per Cent. Ex. 12 Gail, -
Do. 4 per Cent. Certificates
French Rentes, 3 per Cent., Ex. 2M, —
Itslian 6 per Cent. 1851, Ex. 251.
Do. Account 4B 7 8
THREE O'CLOCK.
Consols, Money 94i.
Do. Account, Oct. 8

MR. T. HUGHES, M.P., ON CO.OPERIITI VE

SOCIETIES.

On Saturday evening a public meeting was held
in the Rochdale Theatre to celebrate the opening of
a new store by the Rochdale Equitable Pioneers'
Society. The Mayor (J. Robinson, Esq.) presided.
There was a very numerous attendance. Several
letters of apology were read from gentlemen who
were unable to attend. Amongst these was one from
Mr. John Bright, M.P., who wrote :—" I thank
you for the invitation to your meeting, though I do
not expect to be able to attend it. It is not certain
that I shall be at home during next week. lam
anxious to avoid public meetings during the autumn,
and I have already been compelled to decline
several invitations. I must ask you and your
friends to excuse me if I am unable to accept yours
kindly forwarded to me. I wish your undertak
ing great success." Professor Fawcett also thanked
the Committee for the invitation, which he could
zot accept, but hoped the newly-opened store might
prove as great a success as the parent society.
Amongst the speakers was Mr. Tiros. HUGHES,
M.P., who said it was 17 years since he had been in
Rochdale. He was then drawn to the town by the
reputation of that society, which had now become
known throughout the whole civilised world. It
was then only six years old, but all those who were
interested in the cause of co-operation, in which a
few working men of Rochdale were then taking the
lead, had heard of the society, and were anxious to
see what it was doing. He was very courteously
received, and derived very great satisfaction from
his visit. There were hardly a hundred men then
living outside Rochdale who had the slightest hope
or expectation that there would ever be such a
meeting as the present to congratulate the so-
ciety upon having achieved so extraordinary a
success, and won for themselves so magnificent
a reputation. That reputation placed upon them
a very great responsibility, which• it was well
they should consider. They were known all
over the world, for on the continent, in the
United States, and in the colonies the cause of co-
operation was interesting men's minds. It appeared
to very many who thought upon the subject that
there was in co-operation a solution of the question
as to how the great mass of people in the civilised
world were to be lifted to their proper position.
Association had been said to be the well-being and
well-doing—physical, moral, and intellectual—of
those whom fortune had disinherited. If they
thought what those words meant they would feel the
cause to which they had put their hands to be a very
sacred and a very holy one. They must remember that
their reputation was before the whole world ; they
had a character to maintain, and the future success
of their cause depended very much upon what they
did in Rochdale. They might 1 e congratulated on
having set an example to the working classes of this
country, for co-operative stores (which meant ready
money payments and pure goods) had been esta-
blished almost in every town. They had therefore
had a great hand in redeeming their oam class, yet
within the last few years their success had risen to
even a higher pitch. On an occasion of that kind,
however, it was well not only to say complimentary
things, but to see if there was any criticism which
would do them good, or if there were any weak
points in their armour. There was not very
much that he could find fault with, but there were
one or two points upon which criticism might
do good even to the Equitable Pioneers of Roch-
dale. The principal point was the distribution of
the profits of their mill, when it again became pro-
fitable. In its youth the Society laid down the rule
that some of its profits should go to capital and
some to.labour. Their stores frequently became
great commercial bodies, and immense responsibility
rested upon those who served them, yet those per-
sons were often very inadequately remunerated.
They should remember to do justice to those who
were really a chief cause of their success, and to
deal liberally with those who served them faith•
fully. Their Success, however, was only the
beginning of what they ought to do. He thought
their future would be a noble one, and he foresaw
that many social improvements would take place
now that they had made a step in advance in
the political life of this country. He went about
the great towns in Lancashire and Yorkshire filled
with wonder and astonishment. He was delighted
with the activity which ho saw displayed there, but
he was a southerner, and accustomed to clean
towns and to be able to sit down on the grass
without making his trousers look black. He
looked with astonishment on the state in which
they allowed their northern towns to remain. He
had seen 40 or 50 great chimneys pouring forth im-
mense volumes of smoke, which spoiled all the ver-
dure of the country for miles around. He hoped the
co-operative societies would take the lead in effect-
ing a social improvement in that respect, and also
that they would not allow the streams of their
beautiful country to be so terribly polluted. He
could not believe that there wait not, in the extra-
ordinarily energetic counties of Lancashire and
Yorkshire, sufficient ingenuity to be able to have
streams as pure as God sent them, and not the hor-
rible ditches which men had made them. There were
many other improvements of that kind to which he
sincerely trusted they would turn their minds. He
was sure their society must have been a relief to the
poor rates, and he had not the least doubt that by
its means the moral tone of their town as well as its
physical state had been raised. He was sure that in
their own town the miserable pauperism which was
a disgrace to England must have decreased. Co-
operation, however, had to extinguish pauperism
altogether, and to leave only cripples and sick per-
sons to inhabit the workhouses. There was plenty of
work for them to do before they had made England
at all the sort of place it ought to be. Ile congratu-
lated them on the wonderful progress they had made
during the past 23 years, and hoped to be able on
some future occasion to thank them from his heart
for what they had done for their country, as he did
most heartily that evening. (Cheers.) Several other
gentlemen afterwards addressed th 9 meeting.