The Sun.
London, England, 1850-03-09 00:00:00

LONDON, SA.TT 1t134 .E VRNIN 1-11, MARCH 9, 1850

tion, indeed, of the ruling administrators, the English
Cabinet is, unhappily, upon many subjects, driven
into a posture of supineness by the conflicting and
neutralizing tendency of their liberal wishes and
their aristocratic predilections. Dragged in one di-
rection by their anxiety to maintain their aggregate
reputation as reformers, and dragged simultaneously
exactly in the opposite direction by their individual
belief in the necessity of conservation, the Govern-
ment, on most subjects, is reduced to the adoption of
that medium course which is nothing better
than stagnation. upon most matters, in
truth, these counteracting influences evolve
a pelicy such as must be designated at
the very least by the opprobrious epithet of
Finality, if it be not branded with the epithet of Re-
trogression. Fortunately, however, we repeat it, for
the country, the present Ministerial advisers of the
SOVEREIGN have been so impelled by circumstances
to the recognition of the necessity of a great and sys-
tematic financial retrenchment, that, while battling
fiercely against the demands of the Honourable Gen-
tlemen the Members for Montrose and the West
Riding of Yorkshiri, they have actually taken the
initiative in the way of a wholesale and compre-
hensive reduction of the national expenditure. Hence
it comes to pass, that on reviewing the estimates
of the last two years we are rejoiced with the disco-
very of a diminution of nearly three millions and a
half from the gross total of the disbursements, or, in
other words, with a reduction of the national expen-
diture to the amount of no less than 3,344,0001.
Beyond which, moreover, we have the emphatic
promises of the :Cabinet of a still further reduction
during the ensuing twelve months of another million,
thus, within three years, exhibiting to the empire a de-
crease in its expenses of 4,344,0001. When the present
year shall, by its expiration, have realised the assurances
of this reduction, we shall find even then, supposing no
further diminution to be attempted, that the excess
in 1851 over theostimate of 1835 will have been de-
creased to 5,453,0001. No small advantage that to
the nation ! seeing that only a comparatively few
months previously that excess reached the prepos-
terous sum of 9,797,0001. Bearing these things in re-
collection, it strikes us as rather frivolous on the part of
the Right Hon. Gentleman the President of the Board
of Trade, his quarrelling with Mr. COBDEN, for inas-
much as he has lowered his demands for retrenchment
from 10,000,0001., as it was last year, to 6,000,0001.,
as it is this. Such a diminution in his requirements,
as the powerful leader of the Financial Reform move-
ment, is of course sufficiently comprehensible from
the mere circumstance of the gross aggregate dimi-
nution of 4,344,0001., namely, the actual reduction of
3,344,0001., already secured, and the still further re-
duction of 1,000,0001., promised in the name of the
Chancellor of the Exchequer. This lowering of his
demand upon the Government, in short, must be
apparent to every rational man, as being compatible
with a perfect consistency of conduct—the 10,000,000/,
by way of reduction being not more than sufficient to
cover in 1849 the 9,797,0001. excess over 1835, than
the 6,000,0001. now required by way of reduction
will be capable of covering in 1851 the prospective
excess over the estimate of 1835, of 6,453,000/.
With all respect for the judgment of Mr. LABOU^
CHERE therefore, there appears to us only a perfect
consistency and an admirable moderation in
the decreased demand of Mr. COBDEN, a demand
the very reasonableness of which testifies his acknow-
ledgment of the past and prospective retrenchments
of the Government. By acting thus RICHARD
COBDEN is only acting in strict accordance with the
principles carried out by the great DANIEL O'CON-
NELL. He is accepting the small instalments of re-
form, and insisting in the same breath upon a yet
further improvement. Certain it is that but for the
beneficent agitation of this all-important subject by
distinguished Reformers, such as the representatives of
Montrose and the West iding of Yorkshire,
little enough, if anything, would have been done by
the Administration in the way of diminishing the
monstrous total of our present extravagant expendi-
ture, Certain enough, also, the disposition already
evinced by the Government to meet the urgency of
the existing difficulty, by reduction after reduction,
would very speedily evaporate but for the continual
efforts of valiant—and call them if you will enthu-
siastic—Reformers like Mr. Hums and Mr.
COBDEN. Stimulated by the exertions of
such innovators, the Cabinet is forced from its
habitual apathy; and while we are yet listening in
imagination to the petulant opposition of the Righ
Hon. the Representative of Taunton, we are sti'

NEW COURT.
(Before Mr. BULLOCK.)
The cases which cane before this Court this morn
were of no interest.

BOW-STREET.-(THIS DAY.)
A very respectably-dressed female, whose name did
not transpire, was charged with stealing several books of
trifling vales.

Mr. Thomas Arthur, a bookseller, carrying on business
at 496,New Oxford-street, stated that every night for some
time passed, he had missed books feom his stall, whidh
had induced him to place an additional boy to watch
over it, and yesterday evening the prisonar was observed
to approach the stall and examine some of the books;
fancying, no doubt, that no one was watching her pro-
ceedings, she took up two or:three books, and placing
them under her shawl, was about to walk off, when he
stopped her, and demanded to know what she intended
to do with the volumes she had under her arm ? She
replied with every manifestation of surprise and agita-
tion, " For God's sake, don't say anything, I will give
you anything not to take any further notice of this." He
had, however, been so great a sufferer from these de-
predations, that he could not consent to her proposal,
and sending for a policeman, he gave her into
custody.
The prisoner, who was in tears during the whole of
the examination, said she went to the stall with the
intention of purchasing some cheap books, and having
selected the five in question, she placed them under her
arm and was searching for the money to pay for them,
when the prosecutor seized her and taxed her with being
a thief.

The prosecutor observed that only 4id. was found upon
her, while the price of the books was is. 4d.
The prisoner said that was so. She Lad just made the
discovery that she had not money enough, and was about
to enter the shop to have the books put aside for her
when she was laid hold of.

Mr. HENRY asked her what she was ? The prisoner
replied that ahe was the widow of a revenue officer,
and was in the receipt of a permanent annuity, which
placed her in easy circumstances.
Mr. HENRY said the ease was somewhat strange, and
ho should remand the case for inquiry into the prisoner's
character.

The prosecutor said_he was not the only person who
had been robbed in this way, and all the books4llers of
the neighbourhood suspected the prisoner, who had fre-
quently been seen loitering about their shops.
The prisoner, in a loud imperious ♦oice, exclaimed,
" Remember, sir, not to perjure yourself I"
She was then removed in cuitodl.

MARKET NEWS.—( THIS DAY.)
COVENT-GARDEN.
Large supplies of vegetables were on sale tc-day.
The demand for them ruled heavy, at barely late
rates. In fruit, very little business was transacted.
English Fruits—Pine Apples, 6s to 8s; Hot-house
Grapes, 12s to 15s per lb; Pears, 20s to 30s; Eating
Apples. 2s 6d to 3s 6d per half•sieve; Apples for cooking,
2s to 4s 6d per bushel; Filberts, 70s to 75s per I 00Ibs.
Foreign Fruits—Black Hamburgh Grapes, 9d to Is;
Portugal ditto, 8d to is per ib; Spanish Nuts, 4s to
ss; Brazil ditto, 3s to 4s ; Barcelona ditto, 5s to 6s;
Almonds, 5s to Gs; and Spanish Chesnuts, 3s to 6s
per peck; Lemons, 5s to lOs ; and Oranges, 3s to 10s
per 100 ; Spanish Onions, 14s to 20s Od per box.
Vegetables—Cape Brocoli, 6s to 9s per dozen bundles;
Turnips, is 3d to is 6d; Carrots, 2s 6d to 4s; Greens, is
to Is 6d; Leeks, 10d to Is 4d; Parsley, 2s Od to 3s Od;
and Sage, 2s 3d to 3s per dozen bunches ; liorse•radish,
Is 6d to 3s per bundle; Onions, 2s Od to 3s Od per
bushel ; Savoy Cabbages, 6d to 8d; and Red ditto,
2s Od to 3s Od ; Red Beet, Is to is 6d; and Parsnips,
4d to 6d per dozen ; Endive, Is 3d to Is 6tl per score;
Mushrooms, Os 911 to is Od per pottle; Brussels Sprouts,
Is Od to Is 6d; Spinach, Is Od to Is tid; Jerusalem
Artichokes, Is to Is 6d; and Common Salad, is 3d
to is 6d per half-sieve ; Small Salad, 2s Od to 2s Gd
per dozen punnets; Shallots, 3d to 4d per lb; Potatoes,
80s to 110 s per ton; ditto, 3s 6d to 4s 3d per bushel;
Sea Kail, Is Od to is 6d per punnet; Asparagus, 3s Gd
to 5s per 100; Rhubarb, 58 to 68 per dozen bundles;
Cornwall White Brocoli, 9d to Is 3d per dozen heads;
Celery, 9,1 to Is per bundle ; Cucumbers, 6s to
.103
per brace; Turnip Gaon!, 3d to Gd per bushel; French
Eeans, 3s 6d per 100; Radishes, Is per punnet.
BILLINGSGATE.
Turbots, 3s to 9s ; Brills, 3s to 6s ; Cod Fish,
2s 6d to 6s; Whitings, 4d to,Bd; Lobsters, 10d to2s each;
Soles, 6d to 2s per pair ; Eels, 4d to is per lb.;
Haddocks, 4d to 9d ; Herrings, 10d to is 4d per
dozen; Oysters, lOs to 45s per bushel ; Flounders, 8d
°bits's' clkserteol,ls66dd to 9d ssch; and Salmon, is
; and Bloaters, Is to Is 4d
`.l to Is 9d per lb.
o
NEMTGATE AND ziEADENnALL.
pert idso; z eSnm;
Turkeys, 4s 6d to 8s 6d ; Geese, 4s Od to 6s
Od; Ducks, 2s to 2s 9d ; Tame Rabbits, is 2d to
Is lOd ; Wild ditto, 8d to Is ld; Pigeons, 6d to 8d;
Roasting Pigs, 4s 3d to 7s Od each ; Surrey Fowls,
7s Od to 93 Od ; ditto Chickens, 4s Od to 6s Od ;
Barndoor Fowls, 35 Gd to 6s Od per couple ; Fresh
Butter, 9d to is 2d per lb ; English Eggs, 7s Od to
8s 3d ; French ditto, 6s Od to 7s 6d per 100
Hares, 2s to 3s each ; Wild Ducks, is 6d to 2s 3d per
couple.

nevertheless, alive to the good intentions of himself
and his Ministerial colleagues, in reference to the pa-
ramount necessity of yet further and more compre-
hensiv► attempts in the way of financial retrenchment
--:go3d intentions betrayed not only by the stipu-
lated reduction of another million from the pre-
sent year's expenditure, but also by the prospect
opened to us last evening by the Prime Minister of
the yet more remarkable diminution consequent on
the abolition of the Viceregal Court in Ireland. Then,
at length, we are sanguine that the annual disburse-
ments may be brought within somewhat more rea-
sonable limits, amounting, as in 1835, to very little
more than 44,000,0001. Towards the facilitation of
this vast labour of amelioration the earnest and ad-
mirable speech delivered last evening in the House Of
Commons by Mr. COBDEN must prove, we are satis-
fied, fraught with many advantages, and from one, or
other, if not all, of the seven branches of civil ser-

vice enumerated by him as affording opportunities for
reduction—from all of these seven branches, except-
ing the Civil List, we will unhesitatingly say, with
Mr. COBDEN, that there may be detected ample ma-
terials from which to prune away this excess of
5,000,0001. or 6,000,0001. still remaining. The
annuities and pensions, the salaries and allowances,

NEWPORT.
Beef, from 25 6d to 3s 4d ; Aluttou, 2s 10d to 33 6d;
Veal, 3s 2d to 3s 10d; and Pork, 3s to 4s per 81b5.
WEIZTECRApEI..
Beef, from 2s id to 38 2d; Mutton, 2s Sd to 3s 6d;
Veal, 33 to 3s 10d; Pork, 35 to 4s per 81bs.

the diplomatic services, the courts of justice, and the
miscellaneous charges, all exhibit to -view those re-

BREAD.
The prices of Wheaten Bread in the Metropolis are
from 6d to 7d; of household ditto, 4d to 5d per 41b
loaf.

dundant sums in the national expenditure which may
he removed without any detriment whatever to the
State—without jeopardiaing:either the energies of the
Government or the stability of the Constitution. For
this propitious aspect of the future we are indebted to
the wise precautions of the Cabinet and the patriotic
agitation of RICHARD COBDEN.

BIDE MARKET.
Market bides, 561 b i
to 641 b, lid to ld; ditto, 641 b to
721 b, to lid; ditto, 721 b to 80Ib, 2d to lid; ditto;
801 b to 881 b, 24d to 2,1 d; ditto, 881 b to 961 b, 3d to 31d,
ditto, 961 b to 1041 b,. 3id to aid; ditto, 1041 b to 1121 b,
3id to 4d. Calf Skins, light 2s 3d to 33 Od; ditto lull
55 Oil to 5s 6d; Horn Hides, 6s 6d to Os; Polled Sheep,
5s 7d to 7s 2d ; "Cents and Ilalf-breds, 43 4d to 5s 2d;
Downs, 43 3d to 4s 10d; Shearlings, 6d to 7d.
DIAAHNTS.
SMITHFIELD.—Meadow Hay, 21,8$ to 3110 s; Clover
ditto, 31 Os to 41 10s ; and Straw, 1/ is to 11 83 per
ditto,eu and Straw, 1/ 2s to 11 9s per
load,. A full average supply, and a heavy trade.
Hay, 2/ 103 to 31113; Clover
M6se;ad
load. Trade dull.
WHITECHAPEL. -- Meadow Tr
2/ 8s to 3l 10; ;
Clover ditto, 31 Os to 41 103; and Straw, it Is to 118 s per
M3BpIOLsLAtNoD.47
load. Supply good, and trade dull.

CHANCERY.-(THISDAY.)
The Lord Cancellor sat in his Court in the Old
Hall, Lincoln's Inn, and heard appeal motions to-day.
The case of "Evans v. Protheroe" occupied his Lord-
ship the whole morning.

VICE-CHANCERY.—(THIS DAY.)
(Before the VICE-CHANCELLOR Of ENGLAND.)
THE SHREWSBURY AND BIRMINGHAM RAILWAY v. THE
LONDON AND NORTH-WESTERN RAILWAY.
The further arguments in this pert-heard motion
occupied the Court the whole day.
Nothing of the least interest occurred in the Courts of
the Vice-Chancellors, Knight Bruce sad Wigram.

LLOYD'S SHIPPING—(THIS DAY.)
LONDON, MARCH 9.--Wind this day at noon, E.N.E.
light airs and foggy.
DEAL, MARCH 8 --Wind N. to foggy.
COWES, MARCH B.—Arrd. Hermann steamer, New
York, for Bremen.
PLYMOUTH, MARCH 8.7—Wind Stag, Ade-
laide, South Australia; Sir Robert Sale, Port Philip;
Havannab, St. John's, New Brunswick.
MILFORD, MARCH 7.—Wind variable and light.—
Sid. James Porter, New Orleans; Yrurachal, Manilla.
LIVERPOOL, MARCH B.—Wind N.W.—Sld, Fanny
Chapman, Stianghae; Charles Brownell, Valparaiso;
Salem, Mobile; Townsend, Boston. A fire was disco-
vered to-day on board the Maid (not the Maida, as re-
ported yesterday) loading for Aries. Only ono pack-
age of goods appears to be injured, and that but
slightly.
APPLEDORE, MARCH 7.—The Waterwitch steamer,
from Bristol, is on the Ware Rocks, apparently much
damaged, and makes a great deal of water. Cargo dis-
charging, and is expected off next tide.
TztoNmovra, MARCH 7.—The Erin, which was
aground on the bar sth instant, got off the following
tide without apparent damage, and pertectly tight, and
proceeded yesterday.
BELFAST, MARCH 7. —Wind N.W.—Arrd. Emulous,
Rowley, Barbadces.

ROLLS' COURT.-(THIS DAY.)
(Before the MASTER of the ROLLS.)
GREY V. FOLDS.
Mr. METCALFE said this was the petition of Ann
Heath, lately an infant, but who had now attained the
age of 21, praying that her legacy under a will might
be paid to her. The title to the fund in question was
derived under the will of one Thomas Reath, who gave
his personal estates to trustees, with directions that the
funds arising from the sale of his personal estate should
be paid over to the plaintiffs when they should attain
the age of 21 years ; but in the event of any of them
dying without issue the shares of the pigeons so dying
were to be divided among certain of the testator's ne-
phews and nieces, share and share alike. Matilda Gray,
one of the parties entitled under the will, died, and in
March, 1847, a reference was made to the Master to
inquire whether she died without issue+ living at her
heath, and if so, who were the nephews and nieces of the
testator entitled to her share, if any. The Master
found that she died without any issue living at her
death, and that the nephews and nieces of the testator
were nine in number, one of whom was Ann Heath,
the petitioner. The fund was then divided into nine
shares, and such of the claimants as had attained
twenty-one received their respective proportions, whilst
one of the shares was directed to be retained for the
benefit of Ann heath, who was then an infant. Ann
Heath had now attained the age of twenty•one years,
pad
lo over
iz os
ThEenr.
i
and she now prayed that her share in the fund might be
of the ROLLS, having satisfied himself
that the petitioner had attained twenty-one, granted the
prayer of the petition.

of Glyn, Hallifax,
und Co., was announced
The death of Mr. Thomas liallifax, of the banking-
housein the City yesterday. Mr. Hallifax was 77 years of
age, and had been a partner in the firm more than half
a century.
THE ARIAL—The depot of the 7th Royal Fusilier=
arrived at Portitnouth yesterday, ;order command of
Major Yea, in the Irish packet steamer Royal William,
from Cork. They landed at the dockyard, and, pre-
ded by the band of the 77th Regiment, marched to
Winchester, where for the present the depot will be
stationed.

CRIMINAL COURT.—crlns DAY.)
OLD
the
William Nairne, a stockbroker, who was found guilty
two sessions ago of defrauding a publican Darned Shelton
of 1,7001., which he had promised to invei.t in some pro-
fitable security, but instead of doing so appropriated it
COURT'.
RECORDER,)UR T, .
(Before
to his own use, was brought up this morning and sen-
tenced to twelve months' imprisonment without hard
labour. _ _ _

BRITISH ELECTRIC TELEGRAPH COMPANY.— Seve-
ral petitions in f4vour of this company's Bill were pre-
sented to the House of Commons last evening. Amongst
them was one from the Stock Exchange of Liverpool.
The Bishop of London has licensed the Rev. A.
G. Edourt, 8.A., Perpetual Curate of St. Paul's, Black-
burn, to the incumbency of St. Michael's Church,
Burleigh-street, Strand, th• reverend gentleman
having exchanged appointments with the Rev. IL W.
Marychurch, M.A., late incumbent of St. Michael's.

George Millner, a gentlemanly-looking young man,
who was an assistant to a chemist in Abbey-road, St.
John's-wood, receiving a salary of 101. a year, , with

board and lodging, and who was convicted this sessions i11:',..e !NEN' atte! COMMERCIAL NEW N.
-
of the charge of stealing a post-office letter containing
a Ista CITY, QUARTER TO THREE.-sovereign and a florin, which had been placed in '
the receiving-box kept by his employer, was sentenced The sales of Cotton at Liverpool yesterday were
to eighteen month:' imprisonment with hard labour. moderate, and the market closed heavily. The week's
sales are 25,620 bales.—ln Railway Shares a fair
MANSLAUGHTER.—Stephen Barak the elder, aged .53,
business was dome, at a slight decline in prices.
and Stephen Bezel!, the younger, aged 21, both de-
The Bank of England 6tatetuent ta the 2d inst. shows
scribed as shoemakers, were indicted with feloniously
killing and slaying Benjamin Prestuge. at last some increase in the circulation, and an extension
of the loans and discounts as usual about the period
Mr. Bodkiu and Mr. Clerk, prosecuted; and Mr. Ripton
when tht transfer books close. The amount of the pre-
defended the elder prisoner.
The younger prisoner pleaded Guilty, does metals continues much the same, but next week we
It appeared that on the 22d of February, at night, shall look for an addition arising from the imports per
the prisoners and several other men were drinking, in Severn steamer. The public deposit account was again
a beer-shop, in Mill-pond-court, Bermondsey, and while
rather higher, and will go on increasing until the quar-
doing so, the deceased's wife came in to induce her bus- Icily payments commence. Compared with the previous
band to go home, and upbraided the younger prisoner week the results are as follow:
with detaining him in the beer-shop. Upon this, Notes IsSued ..•
the younger prisoner used some offensive language, arid Increase ...
the deceased told hen nut to do se. The younger pri-
soner took offence at the observation, and ran at the
deceased, butting his head with great violence against
his lower extremities, which had the effect of knock
ing him down, and the younger prisoner fell upon
him. When the deceased got ur, the prisoner repeated
the blow exactly in the same place, and again knocked
him down, but this time the deceased was unable to rise,
being in an insensible state. Some partie.. who were
present conveyed the deceased to St. Thomas's Hospital,
where lie died on the 25th, his bladder having burst in
cousequence of the blows which were inflicted upon
hen. The elder prisoner, between the first and second
blows, wrenched off the legs of the table, and struck the
decease d, and otherwise aided and abetted his son.
The RECORDER having summed up, the jury found a
verdict of Guilty against the elder prisoner of aiding and
abetting the younger prisoner.
The RECORDER sentenced the father to two }ears'
imprisonment with hard labour, and the sou to transpor
tation for life.

... 30,376,160
••• 50,005
3„ 592 934
... 324,7.9
... 7,838,208
... 199,177
... 9,881,899

Rest

Increase ...
Public Deposits ...

Increase ... ~.
Other Deposits ...
Increase ... ,
Seven Day end other Bills
Decrease
Government Securities ...

132,864
1,0:i 6,306
15,352
... 14,419,732
••• 20,364
10,425,030
••• ••• 737,195
Notes ... • ... 1.1,367,885
Decrease ... ••• 69,715
Bullion • .. • .., 17,125,860
Increase 3,639
••• ••• •••
Active Circulation 19,008,275
Increase . . 119,720
Scarcely any change occurred yesterday afternoon in
the rates at which Bills of Excbange, dated 90 days,
were yesterday negotiated upon the principal conti-
nental cities, as follows 25.671 to 70; Ilam-
burgh, 13.124 to 131; Amsterdam, 12.2 to 21; and
Trieste, 11 45 to 48.
The exports of the precious metals from London
during the week, ending Thursday list, were 55,296
ounces of silver, and 450 of gold.
The business done this week in the manufacturing
districts has again been somewhat restricted, but the
woollen departments are more active than those fur
Cotton.
The Amsterdam Stock Market was rather brisk on
the 7th inst., and Dutch Stock was higher, the Two-and-
a-Half per Cents being 554 to 11-16. At Frankfort,
on the 6th inst., Austrian Metallics were 81/. The
law establishing a National Bank in. Belgium has been
passed by the legislature of that country.
Hamburgh advises of Tuesday quote thel exchange
on London at 13 10.
'ln the English Stock Market the transactions have
been limited, and prices have been slightly depressed by
the exaggerated statements upon foreign affairs given
thii morning in a leading paper. It is certainly be-
coming the general subject of remark on the
Stock Exchange, that favourable or unfavourable
" leaders" appear very opportunely in that journal
about account day, but this may be only
an accidental circumstance after all. Consols have
realised 96 to 96k for Transfer, and 96 to / for Ac-
count. The New Three-and-a Quarter per Cents. have
been 984 to 99. Bank Stock has been 2061. Ex-
chequer-bills have been 575. to 58s. premium, being
fuller rates.
The Foreign Market is steady, but Peruvian are
still drooping. The Four per Cents. have been
marked 721 to 73, and the Deferred 30 to 31. Mexican
are 29/ 4. Dutch Two-and-a-Half per Cents. bring
551 to 56.
Railway Shares are all rather cheaper, with moderate
dealings.
BRITISH FUNDS Tills DAY AT ONE O'CLOCF
(From the Official List.)
Bank Stock
3 per Cent. Reduced Anauities 96504 %
8 per Cent. Consols Anna
New 34 per Cant. Anus.
Long Annuities, Exp. Jan. sth, 1660 8,44 8 9-16
Do. 30 Years, Expire Jan. 5, 1160 B5
India Stock
Do. Bonds. 1000/ l4 p
Consols for Account
s:xchequer Bills. I%d. 2cl.
March. June.
;,0691.
Small 5B p
RICF OF FOREIGN FUNDS AT ONE O'CLOCK .
Brazilian Bonds, 5 per Cent 89%
Buenos Ayres Bonds, 6 per Cent —
Ditto for the Account ... 53
Chilian Bonds, 6 per Cent...... . . 100%
qexican 80ni5,1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto for the Account
Peruvian Bonds, 4 per Cent
Ditto for the Account... ..... 73 724
Ditto Deferred ... 31 30
Portuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Russian Bonds. 1822, 5 per Cent 107%
Ditto Scrip 134 p
Spanish Bonds, 5 per Cent —
Ditto for the Account
Spanish Bonds, 3 per Ceut,lB4o
Ditto Account .....
Dividends on the above payable in London.
French Rentes, 3 per Cent
Exchange
Dutch 21A, per Cent.. 12 Guild
Ditto Account .....
Ditto 4 Der Cent. Certificates B7

Increase
Other Securities

Increase

BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLCOK
RAILWAY/. PAID. PEA SHAKE.
3erks and Hants Extension

(Gt. West. Perpet.s per ct.) 6

, : irm ingnarn & Oxford J unct.,
calls duly pd, or with guar. 20
'4; ecioniun 5O .....
vitt°, New 101. Preference 10 ...... 7% to
t. istern Counties
~a4t Lincolnshire, guar. 6 per
Cent. ... .
, ;root "Northern
Do. % A Deferred ..... ... 1214 23/4 ...... to
Do., 5 per Cent. Pref. ...... 12% lO% ...... to
Great Western ...........100
Ditto, Quarter Shares
Do. New 171
...ancashire and Yorkshire IOO
Ditto, ditto
Ditto. Thirds
London & 81ackwa11......11 /. 6s. 3d 338 x.d. to
Lond., Brizht.,& South C0a5t100..... 80 -. ... to
London & North Western.....loo ...... 18514 % x.d. to
Do. New Quarters.. l2 ll% x.d.... to
Loadon and 6. Western .......100..... 64 x.d.... to
ifanch Buxton, & Matlock 5
Midland.. .... .... ........ —lOO 99%h, x.d to
Ditto. 50/. Snares ..... ...... 30 ...... 5% to
North British .. .. ... 25 —...
Ditto Thirds'.. Bl .. ... 31/s to
Ditto. Preference
Slorth Staffordshire...
Readiug,Guildfd.,& Reigate 15
Scottish Central
~hrewsbury and Birmingham 1314 —
...... to
Ditto, New Guaranteed 8
South Eastern ..... ... 33% 171:1%... to
Ditto, Registered No. 4.... 10
1 ork, Newcastle, and Berwick 25
Do. and Newcastle Eaten. 20
Do. G. N. E. Fur. or Pref. 8
f ork and North Midland .. 50
Ditto, Preference lO - to
FOREIGN RAILWAYS.
Demerara.
Northern of France -

COURSE OF
A nsteriam •• •• 12 2%
Ditto, at sight 12 1
Rotterdam 12 2%
Llamburgh —3,1.8. 13 13%
Paris, 3 days'sight ~ • • 25 50
Ditto, 3 months .... 25 70
Aarseilles • • .......... 25 70
Bourdeaux. ••• •.... . 25 TO
Wrankfort on Maine.... 121 N
Petersburgh, Sit. Rble 37%
Berlin • • • • • • • . • • • • • . ••
Vienna, effec. d 0...... 11 45
Trieste, ditt0.......... 11 47
Madrid .• .• ••• • •• •... 49%
Cadiz ... •• •• •• •• •• •• 49h
Bilbao.. .• •• .• ••• •• •• ••
Barcelona •• •• •• •• •• ••

SeTille•• •• .. •. •• •• ••

64-OIIHA_M v. THE BISHOP

OF EXLME.

JUDICIAL. COMMITTEE OF THE

PRIVY COUNCIL.

J Un GMEN T.

The judgment in this long-litigated case, which is des-
tined not only to have an immediate and important
bearing on the whole Christian Church, and the
Church of England in particular, but to possess hereafter
a deep historical interest, was pronounced at two o'clock
yesterday atterncon by the Judicial Committee of the
Privy Council in their court at Whitehall.
The members of the Committee of the Privy Council
present were the Marquis of Lansdowne, Lord Campbell,
Lord Brougham, Lord Langdale, Dr. Lushington, the
Hen. Mr. Pemberton Leigh, and Sir Edward Ryan.
'The Earl ( f Carlisle,. Lord Monteagle, Sir David
Dundas, the Chevalier Bunsen, and Mr. Lubeachere
ware among the noblemen and gentlemen accommodated
with seats within the bar.
Long before two o'clock an immense crowd thronged
the si ace insureeriately en front of the entrance to the
Privy Counce-offies The outer doors were thrown
open at two o'clock, and the rush-of the trot dup stairs
was fearful. Another considerable interval elapsed be-
fere the public mere admitted within the room of the
urivy Council, daring which they %ere kept standing on
the lauding, clossly packed. When the door was eve -
tually opened the rush was terrific, and the room be-
came densely filled.
It will be remembered that in the year 1847 the Lord
Chancellor presented the Rev. George Cornelius Gorham
to the living of Bampford Speke, in the_diocese of Exeter
Previous and up to that time the reverend gentleman
had been the incumbent of St. Just, Cornwall, in the
same diocese. The Bishop of Exeter thought it neces-
sary, before instituting the reverend gentleman to the
living of Bempford Speke, to require that he
should - undergo an examination on points of
faith and doctrine le fore the Bishop, particularly
with reference to his opinions on the subject of infant
baptism, which the Bishop suspected were not iu uc-
sordauce with the teaching of the Church of England.
that examination, though a very unusual course, seeing
hat the Rev. Mr. Gorham had, previous to his appoint-
ment to the cure of Bampford Speke, held a living in
the same diocese, was gone into at gnat length, as is
well known, and the result was that after days and
weeks had been spent in the examination, the Bishop
reused to institute the rev, gentlemen to thel living of
Bampford Spoke, on the ground of holding unsound
doctrine with respect to the efficacy of the baptismal re-
generation of infants. Mr. Gorham appealed to the
Court of Arches, where after an argument lasting over
many days, Sir Herbert Jeneer Fust, the judge,
Decreed iu favour of the Bishop of Exeter. From
that decision the Reverend Mr. Gorham appealed to
the Judicial Committee of the Privy Council, before
whom, during several days in December last, the case
was ably argued on both sides at great length.
Lord LANGDALE now pronounced the judgment of the
Judicial Committee of Privy Council. After reciting
the circumstances attending the presentation of Mr.
Gorham to the living of Bampford Speke, the refusal
of the Bishop to institute him to tho living, on the
ground of unsound doctrine, and the proceedings in
the Arches' Court, as we have stated them
aubtantially above, his Lordship proceeded to say
that the doctrine held by Mr. Gorham with reference
to baptism appeared to be that baptism and the
sacraments were generally necessary to salvation, but
that the grace and restoration of the person baptised did
not uniformly take place in baptism ; that grace might
be granted before, in, or after. baptism t that the grace
was given by God to such persons only as worthily
receive the sacrament ; that infants baptised, dying
before actual sin, were certainly saved ; but that -in
no case was regeneration in baptism unconditional.
Those were the opinions of Mr. Gorhath; and the
question which the Council had now to decide was not
whether those opinions were theologically sound or
unsound, but whether those opinions were contrary
or repugnant to the doctrines which the Church of
England by her articles, formularies, and rubrics re-
quired to be held by the ministers ot her communion.
The question must be decided by the articles and
liturgy of the Church, and they must ap-
ply to those books the name rule that had long
been ez tablished with regard to all written documents.
It was not immaterial to observe that there were dif-
ferent doctrines prevailing at the time when the articles
and liturgy of the- Church of England were framed,
and ultimately made part of the law of the
land. But they were not to be influenced by
the particular opinions of the eminent men who pro-
pounded and discussed them, or by any supposed ten-
dency to give a preponderance to Calvinistic or Arme-
nian doctrines. The articles and liturgy, as they now
had them, must be considered as the final result, not the
discussion which took place between any particular class
of men, of Calvinists, Armenians, or any other, but of
the conclusions which had been deduced after due con-
sideration of the'matter. It appeared from resolution.
and discussions of the Church itself, and from the history
of the times, that from the first dawn of the Reformation
until the settlement of the articles and formularies,
that the Church was harassed by a great variety el
opinions respecting baptism and its efficacy, as well as
other points of doctrine. The Church having resolved
to frame articles of faith as a means of avoiding
diversities of opinion, must have been presumed to
have accomplished that object so far as it could;
but it could not have intended to determine all the ques
tions which had arisen or might arise, or to include in
the articles and liturgy a; statement of all Christian
doctrine. A selectictis of the most important points ne-
cessary to be believed by ministers of the Co urch was pro-
bably made, whilst others not of such primary impoi lance
were left for future decision by competent au hority,
and, in the meantime, to the private judgment of pious
and.conacientious persons. Under such circumstances
it would have been impossible, perhaps, even if it
had been thought desirable, to employ language
which did not admit " of some latitude ot
interpretation. If the latitude were confined within such
limits as might be allowed, without danger to any mat-
ter necessary to titivation, possibly or probably a
difference might have been designedly intended
by the framers of the articles themselves. If
that were so, the first question which arose in'this case
was whether the disputed point was or was not meant to
be settled at all, or whether it was left open for
each member of the Church to decide for
himself according to his own conscientious
Opinion. It was material to observe that very
different opinions as to the sacrament of baptism
were held by the promoters of the Reformation, and
that great alterations were made in the articles
on that subject. The articles drawn up in 1536
stated that remission of sins and the grace and
favour of God were given in baptism; and the promise
of grace and everlasting life pertained not only to such
as were adults, but also to infants and innocents; and it
was by those articles also that children ought therefore to
be baptised, inasmuch as children dying in infancy should
undoubtedly. be saved thereby, and that infants must
needs be christened because they were born in original
sin. In a book entitled " The Necessary Doctrine for a
Christian Man," and usually called " The King's
Book," published in 1533, it was stated that because
all men were born sinners, and could not be sated
without the remission of sins, which was given by baptism
and the working of the Holy Ghost, therefore the sacra-
ment of baptism was necessary for the attainment of sal-
vation and everlasting life. The articlei of 1552 and 1562
adopted very different language from the articles of
1536, and had special regard to the qualification of a
worthy and right reception of baptism. The articles of
1536 expressly determined two points,—first, that bap-
tised infants dying before the commission of actual sin were ,
' undoubtedly saved thereby; and, recoadly, that unbap- .
deed infants were not saved. The articles of 1562 said
nothing expressly on those points ; but, not dis-
tinguishing infants from adults, stated in general
terms that those who received baptism rightly
had the benefits Of baptism thereby conferred.
What was signified by right reception? Mr. Gorham
said it always implied in the case of adults faith
and repentance, and iu the case of infants,
God's grace and favour. On a consideration
of the articles it appeared that besides the particular
point there were others which were left undecided.
It was not particularly declared what was the distinct ;
manning and effect of the grace of regeneration, whether
it was a change of nature, a chisege of condition, or a
change of the relation subsisting betwen man and his
Creator. His Lordship then reviewed the articles
and formularies at great length with regard to
baptism. He continued to _ say, upright and

conscientious men could not in all respects agree
upon subjects so difficult; and it was to be carefully
borne in mind that the question—and the only question
—for the Council to decide was, whether Mr. Gorharn's
doctrine was contrary, or repugnant to the doctrine of the
Church of Englund, as by law established. Mr. Gorham's
doctrine might be contrary to the opinion entertained
by many learned and pious persons—contrary to the
opinion which such persons bad, by their own particular
studies, deduced from Holy Scriptures—contrary to the
opinion which they had deduced from uncertain
and ambiguous expressions in,;the formularies; sti:l, if
the doctrine cf Mr. Gorham was not contrary or te-
pugnant to the doctrine of the Church of England, as
by law established, it could not afford a legal ground for
refusing him institution to the living to which he had been
lawfully presented. The Court constituted for the pur-
pose of advising her Majesty in matters which came
within its competency jurisdiction . had no or authority
to settle matters of faith, or to determine what ought in
in
any particular to be the doctrine of the Church
of England upon the true and legal construction of her
articles and formularies; end the Cunt considered it
was not their duty to be minute and rigid in
cases of this sort. The Court agreed with Sir
William Scott in the opinion which he expi eased
in Stone's case, in the Consistory Court of
London—" That if any article is really a subject of du-
bious interpi etation, it would be highly improper that
this Court should fix on one mt auing, and prose-
cute all
its i
those who held a contrary opinion re-
garding nterpre tation." In the examination of
this case the Court had not relied upon the doctrinal
opinions of any one of the eminent writers, by whose
piety, learning, and ability the Church of England had
been distinguished; but it appeared that opinions,
which the Court could not in any important
particular distinguish from those entertained
by Mr. Gorham, had been propounded and maintained
by many eminent and illustrious prelatAl and divines
who had adorned the Church from the time when ihe
articles were first established, and that without any cen-
sure or reproach. The Court did not affirm that the
doctrines and opinions of Jewell, Hooker, Usher,
Jeremy Taylor, Wbitgift, Pearson, Carlton, Fri- ,