The Sun.
London, England, 1858-07-14 00:00:00

CORN EXCHANGE.

To-day's market was rather scantily supplied with
wheat of borne produce. For all kinds, however, we had
a slow inquiry, yet, compared with Monday, no change
took place in price.
Over 10,0 t 0 qu3rters of foreign wheat have come fresh
to hand. The transactions in all kinds were ;
nevertheless the quotations were supported.
Barley and malt said to a rooderAto extent, on former
terms.
The show of foreign oats was considerably on the in-
crease; nevertheless the oat trade was firm, at full (po-
tations.
Beans, peas, and flour were in steady request, at ex-
treme rates.

ARRIVALS TUTS WEER.
Wheat. Barley. ' Malt.
630 10 I 2,700

English
Irish

On tn. I Flour.
ns9 1,050
84
2.10 S Bk,,
3 '3140 /I. •
r,30 brie

Foreign 110,050 I 1,510

IMPERIAL PARLIAMENT.

HOUSE OF LORDS.—OCESTERDAY.)
The LORD CHANCELLOR took his szat on the Wool-
sack at five o'clock.
Lord STANLEY of A.LDERLEY presented a peti-
tion from Chester in favour of the legalisation of the
marriage with a deceased wife's sister.
Earl GRANVILLE presented similar petitions from
Liverpool.
The Bishop of RIPON presented petitions to the
same eff-!ct.
Earl St. German, the Bishop of London, and Lord
Hatherton also presented petitions with a similar prayer.
ARMY CLOTHING.
In reply to a question from the Marquis of Craiest-
CABDE,
Lord HARDINGE said no dress uniforms had been
sent to Liverpool, but as soon as the 100th Regiment
arrived at Shorncliffe it was quite true that they had
received their new tunics without the buttons. (Hear,
bear, and a laugh.) This was. owingnot to the
neglect of any person in an official position, but to
some neglect on the part of carriers who had undertaken
to convey stores from Weedon to the other railway sta-
tion, the buttons and tunics not being both supplied by
the game person. His gallant friend at the head of the
War department was taking steps for a thorough re-or•
ganisation of the clothing department, and he assured
the noble marquis that the evil of which he complained
would be remedied by the new regulations.
C HURCH RATES.
Lord PORTMAN said that, in consequence of the
announcement of the Chancellor of the Exchequer that
next session he intended to submit a plan for the ar-
rangement of this question, he (Lord Portman) thought
it would be premature far him to lay on the table, dur-
ing the present session, the bill which he had announced
his intention of presenting to their lordships for the set-
tlement of this vexed question. He was not unprepared
to do so, but, on the contrary, he had a deal of informs-
tion, which would be at the service of the Government
if they thought proper to accept it. His only object had
been to obtain a settlement of the question of church
rates.
The Earl of DERBY was sorry the noble lord oppo,
site had overstated the announcement made by his
right hon. friend the Chancellor of the Exchequer. The
right hon. gentleman said it was the hope of the Govern-
ment that, during the next session of Parliament,
they might be enabled to settle the question of
church rates, but that was not saying that
they intended to introduce a bill for that purpose. The
subject was surrounded with very great difficulty,
and the more suggestions that were made the greater
the chance was there of their arriving at some
satisfactory conclusion. He should be grateful to his
noble friend (Lurd Portman) if, notwithstanding the
statement of the Chancellor of the Exchequer, be would
lay on the table the bill he had prepared on the question.
PRIVATE BUSINESS.
On the motion of Lord REDESDALE, the following
bills were read a second time—the Whitehaven Junction
Railway, Newport, Abergavenny, and Hereford Rail-
way, Worcester and Hereford Railway, South Wales
Railway (new railway), andiMiddlesborough Improve-
Mont.
On the motion of the same Noble Lord the following
bills were read a third time and passed :—Davidson's
Estate ; Cleveland Railway ; Stockton and Darling-
ton Railway (Durham lines) ; Stockton and Darlington
(North Riding lines) ; Stockton and Darlington, Wear
Valley, &c., Banking Companies Amalgamation Bill,
Birkenhead Improvement Commissioners (Gas and
Water), Oxford, Worcester, and Wolverhampton Rail-
way, Crystal Palace, District Gas and Windsor New
Roads.

EDINBURGH POST-OFFICE.
On the motion of Lord COLCHESTER, the new Genera

Post-office (Edinburgh) Bill was read a second time.
JOINT-STOCK BANKING COMPANIES BILL
Earl GRANVILLE, in moving the second reading o
this bill, said the object of it was to apply to joint stock
banking companies that principle of limited liability
which Parliament had already conceded to other joint
stock companies. It was not necessary that he should en-
ter into any argument on the subject. Lord Overstone
had admitted that if the principle of limited liability
were once conceded to joint stock companies in general,
there could be no valid reason for refusing to extend it to
banking companies, and the same admission was made by
his noble friend near him (Lord Monteagle.) It was an
undoubted fact that the joint stock banks of London and
many of those in the country were conducted with great
prudence ; and he saw no reason why, when there was to
be full publicity on the subject, the shareholders should
not, if they pleased, have the advantage of limited lia-
bility; It would then be for the public to determine
whether they would deal with those whose liability was
limited, or with others who were differently situated.
Lord MONTEAGLE said the noble earl had over-
looked the great distinction between banking companie4
and joint stock companies in general, namely, that the
former received the money of others on deposit. There
wa■ also this peculiarity in joint stock banks, that they
were founded by the creation of shares, and that these
shares were frequently deposited as security,so that if they
were not paid up in full the publio were liable to be de-
ceived as to the extent of their security. He asked the
noble lord opposite to pause before he passed this bill.
The Earl of DERBY said it was not without hesita-
tion and difficulty that he felt himself so pressed by the "
arguments in favour of this bill as not to refuse his as-
sent to the second reading. He agreed with his noble
friend as to the danger from over-credit and the undue
practice of banking, but they knew that some of the
greatest frauds perpetrated of late years arose from un-
due credit given to the shareholders of banks themselves.
(Hear, hear.) The main reason why he assented to the
second reading of the bill was, that he could not draw
any distinction between credit given to banks or other
commercial bodies in proportion to the limited or
unlimited liability of the parties. It was a ques-
tion for the public to determine, whether they considered
the security of banks with limited liability sufficient.
That could only be tested by experience. Pressed by
the arguments in favour of the bill and by the assent of
the House of Commons to the extension of the principle
which had already received the sanction of their lord-
ships' house with regard to other than banking tresses-
Cons, he could not take upon himself to refuse his assent
to the second reading of the bill.
Lord WENSLEYDALE did not rise for the purpose
of opposing the second reading of the bill, which was in
conformity with the liberal principles which prevailed in
recent times, but he thought that joint-stock banks
ought to be required to expose a little more of their
affairs than the mere number of their subscribers. He
thought a clause should be introduced obliging them t 3
exhibit the state of their credit and the extent of their

obligations.
Lord STANLEY of ALDERLEY said he deplored
what had taken place in the Scotch banks, but it should
be recollected that all those were banks of unlimited ha-
bility. He believed that where banks weze limited the
public would feel it more incumbent on them to inquire
into the affairs of the bank, and that in this way to a
certain extent limited liability would be a security against
false confidence. The colonial banks were banks of
limited liability, and he had not heard of any failures
amongst them. The only protection fur the public was
that they should not remove-the obligation which rested
on every one to look after his own interests.
The bill was then read a second time.
CONFIRMATION OF EXECUTORS, Stc., BILL.
This bill passed through committee.
UNIVERSITIES (SCOTLAND) BILL.
The Duke of MONTRO6E moved the second reading
of this bill, and in doing so stated that there was a gene-
ral feeling in Scotland in favour of improvidg the state
of the universities in that country.
The Earl of ABERDEEN said that he felt grateful
to her Majesty's Government, and especially to the late
Lord Advocate, for having brought forward this bill.
The bill generally was approved of iu Scotland, because
it was hoped that it wood remedy defects which had
long been complained of ; but, though generally ap-
proved of, some of its provisions met with great opposi-
tion. In that part of Scotland with which he was more
particularly connected he never recollected witnessing
anything like the degree of excitement—so strong a
feeling and so perfectly unanimous, as existed on this
subject. He did not mean to say that their objections 1
were well founded, but, at all events, a very moderate
degree of alteration in the bill would meet the views of
those parties. He himself approved, not only of the
principle of the bill, but of the union of the two col-
leges ; but he thought that the Fystern of tuition which
existed in both ought to he preserved.
Earl STANHOPE agreed with the noble earl who
had just spoken that the bill was capable of some amend-
ment, although he approved of it generally.
The Bishop of LONDON considered that great
thanks were due to Government for having proposed a
measure calculated to confer such great benefit on the
people of Scotland.
The Earl of DERBY said it was satisfactory to the
Government to find that the objections to the bill lay in
the narrowest possible compass. One of the clauses ob-
jected to had not been proposed by the Government,
but introduced in the other house. As to the union of
the two Aberdeen colleges, the Government had no wish
but to pursue that course which would be most advan-
tageous to the people. It had been admitted that, but
for the feeling of the inhabitants of Aberdeen against it,
the union was in itself desirable. Commissioners had in-
variably reported in favour of this union. But the bill,
in point of fact, gave a permissive power to the commis.
sioners to be appointed to do all that was desired by Lord
Stanhope ; and the view he took was by to means unani-
mous with the people of Aberdeen ; for he had presented
a petition from the Senatus Actelemicus of the Marischal
College against retaining the separation of the faculties
of arts. As a power was reserved to her Msjesty in coun-
cil to confirm or otherwise the proceedings of the csm-
missionerg, he was inclined to adhere to the bill as it
stood. He obj-cted to the petitioners being heard by
counsel against the bill ; for he had never yet known a
ease where any advantage arose to the petitioners from
such a course, or where the speeches of counsel had
altered the opinion of any of their lordships.
The bill was then read a second time.
The Earl of ABERDEEN briefly explained why he
wished that petitioners should be heard by counsel, hut
declined to press his motion to that effect.
STANHOPE AND WOLSINGIIA.M RECTORIES