The Sun.
London, England, 1844-07-27 00:00:00

R _ti w

THE TEN HOUR
At a delegate meeting of the opera,
the following letter from Lord Ashle)
delegates : " London •.
" Sir,—You have done me the honour,
with the other Members of the Short Time Committee, to.
request my advice respecting the course you should now
adopt in pursuit of a Bill for the further limitation of the
hours of labour.

"In the first place, I most heartily applaud your zeal
and determination never to relax your efforts until you
shall have obtained this just and worthy result of so many
years of anxiety and toil. So far as my services are of
any avail, they shall be unceasingly at your command,
though it may be treated as a serious question at your
meeting, whether you ought- not to find some other
Member less obnoxious than myself, and whose name is
not associated with constant defeat.

" In the second place, I would counsel you to begirt
by an address to your employers by an appeal from.
the work people of each mill to the proprietor of it,
and earnestly, though respectfully, to entreat their
sympathy and co-operation towards the abatement
of your excessive labour. It is a matter of the
highest importance that this great end should be at-
tained, if possible, in unison with the feelings of your
employers, and not in despite of them. I cannot too
strongly urge the expediency, nay, the necessity, with
view to the speedy and happy adjustmentof the question,
of a good understanding between master and man. You
will, most certainly, by such a line of action, win the
approval and sympathy of the country. Should you be
successful you will have attained all that you desire ; and,
should you fail, you will have, at least, the satisfaCtion of
having made every reasonable and becoming effort, and
of proving to the world that amendment is altogether
hopeless without the aid of the Legislature.
"I am deeply thankful for the success of the Factory
Bill, which has just become law. My great difficulty
was to combine the safety of that measure with the con-
stant assertion of our ten hours principle. I was sure,
even on the night of the first majority, that eventual
success was beyond our reach in the present session ;
I bent, therefore, all my efforts to secure this enactment,
and yet lose no proper opportunity of demanding more.
We were in constant peril ; but, by God's blessing, we
saved the Bill ; and I venture to anticipate from it very
great and lasting benefits.
" With many and fervent prayers for your public and
private welfare, believe me
" Your very sincere friend and servant,
" ASHLEY.

" To the Chairman of the Lancashire
Central Short Time Committee, Manchester."

MONEY MARKET and CITY NEWS.

FROM THE EVENING PAPERS OF THIS DAY.
CITY, FRIDAY EVENING.
_ _ .

TIMES.—The rapid rise of the Manchester and
Leeds, and of the Birmingham and Gloucester shares,
since yesterday, is the most remarkable feature of the
share market. The former, it is said, are influenced by
a demand induced by the belief that the new lines will.
prove productive ; the latter are in request, on account
of the receipts having surpassed general expectations_
Compared with last year, the increase is at the rate of
1,0001. per week. Bristol and Gloucester shares, though
their rise has been less sudden, have been steadily pro -
gressing. from a similar reason, the receipts here also
exceeding the general belief, although the railway has
not not been open above three weeks.
The following has been sent by the Committee of
Spanish American bondholders, as the:official account of
their proceedings yesterday :
" 13, Austinfriars, July 26,1844.
" The Committee of Spanish American Bondholders held a.
meeting yesterday, on the subject of the new Granadian debt,
when it appeared from recent communications from Bogota,.
that there was some reason to expect, by the next arrival,
some specific communication on the subject of the adjustment
of the debt. The Committee, therefore, adjourned further
proceedings. The delay of the Government of New Granada
has been most unsatisfactory to the Committee and to all
parties concerned, after the very liberal conossions which
have been made to procure an adjustment of this long-pro-
tracted affair." _

By this document it is tolerably evident that no public
meeting will be called till the receipt of further commu-
nications from New Granada. The bondholders, though
they are anxious to express their sentiments on the sub-
ject of this debt, will probably wait with patience a
little longer, on the understanding that the next arrival
will bring the " specific communication" desired.. Then,
it is to be hoped, the Committee will lose no time in
calling them together, and the subject will undergo a.
thorough consideration. Besides looking into the na-
ture of the proposal made by the indebted republic, the
bondholders will make stringent inquiries as to the sum
which is said to have been already remitted by New
Granada, and to be in the hands of Senor Mosquera.
Nothing definite is known respecting this sum, but it is.
supposed to be sufficient to pay 1 per cent. per annum on
the whole debt for a period of two years.
The letters lately received from Lima represent a re-
spectable mercantile firm there as having refused the
offer to become local agent to the Peruvian bondholders.
The firm in question expressed their gratification at
being thought worthy of so high a trust, but stated that
the republic was subject to such constant changes, that
it would be utterly useless for any one to undertake
matters connected with finance. One Government so
rapidly succeeds another in Peru, that an agreement
made with one, might be cancelled by the next before
it could be brought into operation.
As some parties have incorrectly supposed that by
the Dutch decree, mentioned yesterday, the holders of
the old Five per Cents. are bound to change their
bonds into Four per Cents., it is as well to remove the
error. The decree in its preamble sets forth a wish
to afferd to the holders of the old Five per Cents. an
opportunity to exchange their bonds on the same
footing as the holders of the "Indians" (the "speckle-
backs"), but it is by no means compulsory as to their
entering into the operation. To prevent all future
misunderstandings on the subject, we give the sth
article, which relates exclusively to the holders of the
old stock.

" Art. s.—ln order to enable the holders of the old Five
per Cents. to transfer their bonds at the price mentioned in
Article 1 (viz., 95} per cent.), at which the Indians can now
be exchanged, an inscription register will be opened from
the Ist till the 20th of August ensuing, in order to convert
this stock (from the Ist of October, 1844) to Four per Cent.
bonds, with a bonus of 4i per cent. (or 45 florins in cash),
and bearing interest from the Ist of October, 1844."
SUN.—Consols closed at the lower quotations of the
morning, 991 to Exchequer Bills were 80s. to 78s. pre-
mium ; and New Three-and-a-lialf per Cents. 1021 to
4. The other Stocks remained the same as in thu
morning.
The Foreign market was inactive up to the close..
Spanish Three per Cents. n ere 33+ to 4, and the De-
ferred 124. Colombian were 131, and Mexican 86.
Dutch Four per Cents. were 964- to 961.
The additional transactions in Railway Shares have
been these :—Birmingham and Derby were 27t to 264;
and Thames and Medway, 91 to I discount. Bristol
and Gloucester, 20 to 1; Grand Connection, 1; Hull and
Selby, 101 to 111; Birmingham, 1281; Brighton Loan.
Notes, 24; Manchester and Leeds, Quarter, 74-; Mid-
land, 1; Northern and Eastern, 14e ; Norwich and
Brandon, 7i; South-Eastern, 5; York and North Mid
land, Half, 291; Paris and Orleans, 181 to 4-; and Peril
and Rouen, 181 premium.
The Foreign exchanges have been rather higher on
one or two cities, but generally there is no particular
alteration.

THE LATE HORRIBLE CHARGE AT STOCKPORT.—*
Our readers will probably remember this charge, mentioned
in The Sun of Monday. On Wednesday the rev. delin-
quent, R. H. Cresswell, the incumbent of St. Peter's Church,
Stockport, who was under bail to answer the horrible charge,
underwent an examination before the Mayor, and Messrs. I-
Walinsley, C. Baker, and P. E. Marsland, two of them being
Churchmen and two Dissenters. As he was not in a fit state
to be removed from his bed, the examination took place pri-
vately at his residence, at the Parsonage House, St. Peter's-
square, Mr. W. Vaughan and Mr. H. Turner attending fizz
the defence. The first witness called was a youth named
James Booth, a servant employed in the prisoner's house,
who detailed several revolting particulars, unfit for publica-
tion. His evidence was in many respects corroborated by
different domestics of the house, and the cross-examinations
of the prisoner's solicitor did not at all shake his testimony.
The result of the inquiry was, that the magistrates considered
it their duty to commit the rev. offender to Chester Assizes
for trial. Not being in-a fit state to be removed, however, he
was admitted to bail, himself in 2,000/., and two sureties of
1,0001. each ; his uncle, said to be a magistrate in Leicester,-
shire, and his father, a person in opulent ciscumstances, we
understand, residing in the same neighbourhood, becoming
sureties. The revolting affair has caused much excitement in
Stockport:
PARK THEATRE.—This house closed for the season
on Wednesday, and will re-open on the 26th August.
During the recess the scenic and decorative artists will
be employed on the opera of the Bohemian Girl, the
most successful novelty produced in London during the
past theatrical year. Macready plays a farewell en-
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when the Woods played to upwards of
n twelve consecutive nights.—From the
New York Courier and Inquirer.
The town of Bonifacio, in Corsica, was thrown into
consternation on the 10th by the disappearance of M. Em-
manuel Ru, collector of taxes, aged seventy-four, and one at
the most wealthy men of the canton. He went out in the
morning with his agent to visit a fine proper, which he
possesses at Sanguiliano, about half a league off. As he did
not return in the evening, Madame Ru became alarmed, and
a minute search was made for him. At Sanguiliano his hat,
cane, andriding-coat were found in the hall, as if placed
there on his arrival. For four days the search continued,
when the arrival of the agent explained the whole affair.
They had been both carried off by banditti, who detairod
M. Ru until a sum of 12,000 franca in hard cash should be
paid down as his ransom. Should their demand not be
agreed to, they threatened the most cruel treatment. The
authorities were to assemble the next day to decide what wee

to be done.—Galignani.
DEBT OF PUBLIC GRATITUDE TO ROWLAND HILL. w.
We have learnt, with pleasure, that previous to the public
subscription having been set about in Hull, one was con).
menced amongst the Society of Friends here, which amount id
to several pounds, and was privately forwarded to the Co*.
mittee in London. The plan appears worthy of adoption by
other religious denominations, and we suggest to a few of the
right-spirited ones in each body in the town, whether tiler
will not be doing their duty to a public benefactor, by immiss
diately " going and doing likewise. —Hull Advertiser.
ROWLAND HILL TESTIMONIAL—We are glad to
hear that the subscriptions to the testimonial to Mr.
Rowland Hill already amount to about 731. We believe
the committee close their duties on the 29th instant,
and we trust that before that time such of our friends ss
have not yet subscribed will send their contributions
AO Mr. George Mackay, treasurer. The cause is one de!
serving universal support—lnverness Courier.

I a-re.
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