The Sun.
London, England, 1850-05-15 00:00:00

THE SUN,

LONDON, WEDNESDAY EVENING, MAY 15, 1850.

any question has received full and ample discussion—
if any principle has been definitively and irrevocably
settled, it is that of " free trade." Further pro-
gress must be made; certain existing restrictions
must be abolished, but there can be no retrogression
or reaction. Mr. BERKELEY, who still calls himself
a Free-trader (a Free-trader—GOD save the mark !)
desired, because some obnoxious taxes were still re-
tained, to reimpose the most objectionable of all—
" the tax upon bread," on the food of the people,
for the benefit of the privileged few. It was not, per-
haps, the " corn of England" so much as the " corn
of the tropics" that the Honourable Gentleman was
looking to. He might not object to the abolition of
the "bread monopoly" if the " sugar monopoly"
could still be retained. But one measure of relief
naturally followed the other, and the West India
proprietor sympathised strongly with the landocracy
of England at the grievance they had sustained, of
being no longer able to maintain artificial prices, and
to preserve taxes that bad been originally imposed,
not for the purposes of revenue, but of protection
Hence his abjuration of his " former errors," and
his readiness to bring forward resolutions totally op-
posed to the principle which he had formerly sustained
by his votes.
The division was, however, too decisive for us to
quarrel with the Hon. Gentleman for having pro-
duced a result so very satisfactory. His motion was
negatived by a majority of 114-184 only having sup-
ported, while 298 opposed any further consideration
of " the Acts relating to the importation of foreign
corn." We can now understand the reason why Mr.
DISRAELI refused to bring forward such a resolution.
The Honourable Member, indeed, candidly ac-
knowledged that "it was not one which, had
be been consulted, he would have recommended.
If he had thought such a motion ought to have been
made, he would either have proposed it himself or
asked some person more competent to do so." Mr.
GRANTLET BERKELEY was clearly not the champion
he would have selected ; and, indeed, we cannot
wonder at his unequivocal displeasure. His well-
considered system of tactics has been overturned by
the rashness, and hardi hood of the recruit; the
strength of his party has been annihilated through
the obstinacy of the new convert; his forces have
been dissipated and dispersed, and he must now en-
deavour to re-organize his forces, and to commence
de novo. In the meantime we wish the Protectionists
much joy of their acquisition ; we give them their
new ally with all our hearts. There are, we believe,
few of the Free-traders who will not join with Mr.
COBDEN, that if asked to " make a present of one of
their colleagues," they would not have selected the
Hon. Gentleman, the hopeful scion of the ancient
house of BERKELEY, as the person to be freely sur-
rendered,

THE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
The Ministers received a severe check in the As-
sembly on Monday, a check which seems to be
ominous of the fate of the Electoral Bill. In the de-
bate on the Budget, M. CHAUTIN proposed an
amendment, rendering each Minister personally re-
sponsible for any expenses he might incur without the
authorization of the Assembly. This proposition,
which was opposed by the Minister of Finance and
the Minister of Justice, and which is tantamount
to a vote of want of confidence, was carried by a
majority of. 85, the numbers being for the amend-
meat 361, against it, 276.
The Patrie says that the Procureur-General of the
Republic will be guilty of a dereliction of duty if he
does not demand an authorization to prosecute M.
NAPOLEIN BONAPARTE, for having been guilty of a
provocation to insurrection in his recently-published
protest against the Electoral Bill.
The following modifications are said to have been
made in the Bill by the Committee:—
" 1. It has been decided that individuals shall be
inscribed on the electoral lists who can prove that they
have been inscribed for more than three years on the
list of those who are bound to give a certain portion of
labour (prestations en nature) for the vicinal roads.-
2. The mayor in drawing up the electoral list shall be
assisted by assessors chosen by the Juge de Paix
amongst the electors residing in the commune. The dis-
putes relative to the inscriptions on the list, or the strik-
ing out of electors, shall be carried before the Juge de
Paix.-3. Difficulties which may arise relative to the re-
fusal of fathers, masters, or employers, to deliver certi-
ficates of residence to their sons, domestics, or work.
men, shall also be submitted to the jurisdiction of the
Juges de Paix, who, where the three years' residence is
clearly proved, may order the inscription on the list."
Petitions against the Bill are coming in from all
parts of the country. Among these is one signed by
MM. ARMAND MARRAST, GOUDCHAUX, RECURT,
BASTIDE, and ether members of the Committee of the
Constitution in the Constituent Assembly. It is
abundantly clear, therefore, that the authors of the
Constitution consider any attempt to limit universal
suffrage that may be made, except by, a Constituent
Assembly properly convened, as illegal.
M. Duris is, it is said, also of this opinion,
and be has therefore purposely absented himself from
the Assembly during the discussion. A telegraphic
dispatch was sent to him by the Ministers on Mon-
day, urging him to return and resume his place as
President. His absence is considered a stronger
protest against the measure than would be the most
eloquent speech. Even General CISANGARNIER
quails before the firm yet calm attitude assumed by
the people, and is obliged to temper the violence of
the reactionary measures which the Ministers would
fain adopt. General CHANGARNIER, who has taken
some pains to inform himself of the real state of the
feelings of the soldiers, is now convinced that the
warning given by General LAMORICIERE from the
tribune to all violators of the Constitution, is a warning
not to be despised. The Ministers wished to
dismiss all colonels and officers of the National
Guards who should sign petitions against the elec-
toral law. General CIIANGARNIER said they might
as well dissolve the National. Guards, as the men
would take part with the officers, and the troops of
the line would not be inclined to act against the
National Guards.
The insurrection in the Soane et Loire is spread-
ing ; the insurgents were still in possession of Creusot
w hen-tbe last accounts left.
The Patrie says—
"The workmen of the coal basin of the Creusot are
in open revolt, to the numbers of 5,000 or 6,000. There
is something besides a question of wages mixed up in
this strike; but the Government is in a position to re-
establish order."
The Constitutionnel has the following :
" A dispatch from General de Castebaue has reached
the Government, which confirms and explains the ru-
mours relative to the insurrection of the coal-miners of
the Creusot. We have told how some workmen, who
had been arrested, were rescued from the hands of jus-
tice. The arrival of the law officer of the department
had for effect, to give the insurrection a more consider-
able development, and the number of insurgents is esti-
mated at from, 7,000 to 8,000. Troops were immedi-
ately ordered to the spot, and the last dispatch of Gene-
ral de Castellano is of a nature to quiet all anxiety as to
the results."
A singular letter appears in the National, signed
by 'Annear, ex-Prefect of Corsica ; ADAM, ex-
Mayor of the Ist Arrondissement of Paris; and
BOUILLON, ex-lieutenant Colonel of the 2d Legion
of National Guards, certifying the following state-
ment
"Colonel Laborde, representative of the people, a
particular friend of the President, with whom he had
been condemned for the Boulogne affair, assured
us, only the day before yesterday (11th of
May), that M. Berryer and other Legitimists addressed
him about a month ago, at the Chamber, in pre-
sence of General Montholon, for sake of recom-
mending that they should advise the President that it
was time fer him to come to an understanding with the
Bourbons, who would ensure him a suitable position;
but that it he did not make haste to treat' he would be
lost before two months had expired."
The colonel further admitted that he had related
the conversation to the Prince himself.
PARIS BOURSE, MAT 14.—Latest Prices--Five per
65f; Bank of
Cts ~
USINESS DONE IN FOREIGN RAILWAYS AT THE
828,f.07572c. ; Three per
France,Cents:,e n
LOZ,I1)01 STOCK-EXCHANGE, MAY
—Namur
—Northern of France, 12.. Orleans Bour-
nAm Amiens, 6—Dutch Rhenish,
deaux,
and Boulogne
Liete vA a
—Paris and Roues, 20L4.

SPAIN.
Madrid journals of the 9th have arrived ; they
contain no news of interest.
The Bolsa was closed on the 9th.

in petty trade shall be conducted exclusively on the
numeracy system whenever it does not exceed the
sum of 10 florins. The commission therefore pro-
poses that small copper coins of the value of
kreutzer, ditto, 1 kreutzer, and 2 ditto, shall be
issued ; silver coins of the value of 5, 10, and
20 kreutzers, and of 1 and 2 florins ; sand
gold coin of 5, 10, and 20 florins. The com-
mission also unanimously recommends that only one
species of paper money shall be put in circulation for
facilitating large negotiations, and that there shall be
a guarantee that these notes can be at any time
changed by the holder, at the national and branch
banks, for the coin of the realm ; that the only paper
money in circulation shall consist of that issued by
the National Bank, and that these notes shall not be
issued at a lower rate than ten florins.

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 6,000 bales, of which 1,000 American were
taken for export, and 3,000 on speculation. The market
closed firmly with American nearly id. per lb. higher.—
The market for Railway Shares opened firmly at former
rates, but closed rather heavily.
In the Corn Market to-day prices are firm.
A larger demand has arisen for Sugar, and the quota-
tions are better supported.
The public sales of Indigo, comprising 12,214 chests,
began last evening, and are proceeding rather quietly.
The qualities of the Bengal, as we are advised by Messrs.
Wilkinson and Jewesbury, well-known brokers in the
trade, are about three•fourths middling and ordinary,
and one-fourth good and fine; the Madras one-third
ordinary, and two-thirds good and fine; the Kurpah,
two-thirds middling ordinary, and ore•third good and
fine; the Java very fine; the;Manillz ordinary, with one
or two chests good; the Bombay very ordinary. The
room presented rather a thin attendance both of
foreign and home buyers. The sales opened
with a parcel of fine Bengal, consisting of 306
eheats of the mark I. and R. W., and was about
half sold at 3d. per lb. above January rates; prices were
from 3s. 9d. to ss. 4d. per lb., but without competition;
there was only one chest at the former price, the chief
proportion ranging above 4s. 9d. per lb. The advance
upon liarpah and Madras has been full 3d. to 4d. per lb.,
and these rates ruled throughout yesterday. 1,187 chests
passed yesterday, of which 217 were withdrawn, 210
bought in, and 760 sold.

IC is understood that the Canada Reciprocity Bill,
which was some time since re-committed to the Com-
mittee on Commerce, in the United States Legislature,
will be again reported to the House, together with a
correspondence between the Committee on Commerce
and the Secretary of State, and between the Secretary
of State and the British Minister, in which the British
Minister communicates to the American Government
his power to pledge the British Government to open the
river St. Lawrence and the adjacent canals, to Ameri-
can citizens and to American shipping. This cor
respondence was instituted by the Committee on Com-
merce, to avoid the necessity of introducing into the
Reciprocity Bill any feature which could make this Bill
in itself a measure of reciprocity with the Imperial
Government, and thus open the same privileges
to other nations with which the United States have
commercial treaties containing the clause commonly
called " the most favoured nation clause," that is, the
clause which promises to put the nation with which the
treaty is concluded on .the terms of the most favoured
nation. The pledge of the British Minister is considered
full and satisfactory, and the whole region of the north-
west is deeply interested in this privilege.
The unfair and shuffling conduct of certain of the direc-
tcri elf the Madrid and Valencia Railway excites the
highest degree of indignation in the City, but does not
discourage the shareholders in their belief of ultimate
and entire satisfaction for past disappointments. A
party interested writes as follows:
.

" yeu have in your valuable paper ex-
posed the proceedings of the Madrid and Valencia
Railway Company, I expected before now you ;would
have stated what steps have been taken against the di-
rectors, individually and collectively. to secure the
110,0001. they have to account for, according to a `state-
ment
published by a Mr. E. H. Lindo, the only item in
which it appears to me they can object to is the 9,0001.
for interest on the 75,000/., for if they have been using
the money for their own purpose, they may not like to
pay interest for it. All that has yet bees shown against
it is, the secretary swears that about 3.000 shares have
been bought in with the company's money, at about 11.
per share. Mr. Waley committed a gross error in de-
, daring that part of the 3,7001. received from the
bank was taken to pay the six millions Spanish
stock, the cost of which is charged iu the
account • rendered to the 31st of December, 1846.
Nor can it Le supposed the Spanish Government
would give up one security before it had another. The
secretary declares Mr. Chadwick received the interest
on that stock, which is about 1,900/. per annum. Care
should be taken to prevent any of the directors getting
out of the jurisdiction of the court. Let them prove
their set-off' to the account. As to Mr. Rose's claim, it
is all fudge; when his accouat is examined it will be
found Mr. ~ his kind father-in-law, has overpaid him,
for the company cannot have to pay for Pattison, Wells,
Neale, and others; he must look to his clients. As to
the books, they are of minor consideration after Mr. L.'s
plain account; probably they may only be duplicates of
the North Wales Company's. It is therefore to be
hoped that the official manager and his solicitor will
lose no time in securing the large amount proved to be
due by all the directors.
" May 15, 1850. " A SHARER ,LDER."
We adverted a few days since to the imperative ne-
oessity of a generous line of policy being adopted to-
wards the railway companies, which are nearly crushed
by improvident engagements formerly contracted, and it
is highly pleasing to sea that the holders of Caledonian
preference stock have come f n•ward to set an excellent ex-
ample by a voluntary sacrifice of part of their indisput-
ableclaims. The difference to them may notprove serious,
but to the company it will be most valuable, and we
trust the other guaranteed creditors will act in a like
spirit.
The Funds are very steady, and the signal defeat of
the Protectionists counteracts the still unsettled cha-
racter of the French news. Consols are 96* to a for
Transfer, and 961 for Account. Exchequer-bills are
68s. to 7 is. premium. Bank Stock is firm at 206 i.
In the Foreign Market Spanish Five per Cents. are
171 I, and the Three per Cents. 37k. Another good
remittance, about 70.000 dollars, is advised as being on
board the " Medway" steamer, for the dividends on
Mexican Bonds, which are now quoted 294 /. Peru-
vian Active have touched 741 and 754.
Railway Shares are not fully supported, but look well
generally.

QUARTER TO THREE.
Consols ... 961
Ditto, Account, June 12 ... 961
BRITISH FUNDS THIS DAT AT ONE O'CLOCK.
( From the Official List.)
Bank Stock 2061/
3 per Cent. Reduced Annuities
2 per Cent. Consols Aims
New 34 par Cent. Amts.
Gong Annuities. Exp. Jan. sth, 1560 6 3-16 814
India Stock
Do. Bonds, 10001 B6 90 p
Ditto under 1.0001
South Sea Stock 106%
Consols for Account
2d.
Exchequer Bills.
Marck. Jane.
68 71 p
68 71'

1,0601.
5001

- - Small — 68 71 p P
PRICE OF FOREIGN FUNDS IT ONE O'CLOCK.
Danish Bonds 1825, 8 per Cent--
Ditto, 5 per Cent
Mexican 150nd5,1846,5 per Cent., Giupons
Ditto Ex Jan. Coupons
Ditto for the Account .....
Peruvian Bonds, 4 per Cent 74t, 7514
Ditto Deferred
Portuguese Bends, 5 per Cent
Ditto 4 per Cent.
Russian Bonds, 1822, 5 per Cent —
Ditto 414 per Cents 95%
Ditto Scrip 3 314 p
Spanish Bonds, 5 per Cent I7AI/2
Ditto Account
Spanish Ronds,ll per Cent,l840
Dividends on the above payable in London.
Dutch 21,E per Cent., 12 Guild
Ditto 4 oar Ceflt. Certificates
BIISINESS DONE IN RAILWAY SHARES AT ONR O'CLOCK
RAILWAY/. PAID. Pas SKAZS.
• herdeen
/ember., Notting., Boston, &c. 714 — .... •to •
tyrshire and Galloway 7l/2 ,to
Belfast and County Down .. 30 .. —
.Irmlngham & OxfordJunct.,
calls duly pd, or with guar. 20
Do., without a guarantee... 20 . 244/ ... —to
'aledonian
Eastern Counties
Do. New Pref., 6 per Cent.. 10
Do. Exten.,s perct.No. 1,6/.135. 4d p..... to
Do., do N 0.2,64 135.4 d... U p...... to
.4;ast Lincolnshire, gear. 6 per
Cent.......
Great Nertnern
Do. 14 A Deferred ......•• 1214 21,...... to
Do., 5 per Cent. Pref. ... ... 121/2 lO% to
Glatt Western ..100 ...... £3l/23/414 to
lull and Selby
..ancashire and Yorkshire ...100
Ditto Fifths
Do., New Guar. 6 per cent
Lond., Bright., & Soutb Coast 100 ..... 7914 to
Do., New Si., gun, 6pr Ct.loo l3 i .... . to 137
London & North Weatern--.100 10214% .. to
Do. Fifths l2 ..... 11A 3
Le Won and S. We5tern.......100
Ditto, New 404
wench Buxton, & Matlock 5
Midland.. . .... ........ ...100 .. 33
,Jorth British •• .. ......... . 25 ...... 7%14. to
North Staffordshire... .. ...... 1714
Scottish Central
south Eastern ..... ... 331/2 1374, to
Ditto. No. 3.
?oath Wales ..
Wear Valley 6 per Cent.
Guaranteed ,,.. ...... 50 .....•
Do. do. do.
Xilts,Somerset,&Waymouth 50 ..... 39% to
York, Newcastle, and Berwick 25 ...... 13
Do. and Newcastle Eaten. 20
Do. G. N. E. Pur. or Pref. 8
York and North Midland .. 50
FOREIGN RAILWAYS.
Northern of France l6 ..... 1214.... to
Paris & Strasbourg .....
Sambre and Meuse

COURSE 01
Amsterdam ...... .... 12 2
Ditto, three months .. 12 3 4
Rotterdam ...... 12 35{,
Antwerp .. 25 85
Brussels • ... ... 25 85
ilatnburgh M.B. 13 13
Altona.• • ....
Paris, 3 days'sight 2b 70
Ditto, 3 months 25 85
Marseilles .. ........ 25 87%
Bourdeaux ..... •
Frankfort on Mains 121%
Vienna, effec. flo • . 12 20
Trieste, ditto .. • • .... 12 22
Petersburgh, 811. Ebbe.. 87%
Madrid .... • • .... 49%
Barcelona ............
.. • • •• • • • • • • • • •••

EXCHANGE.
Gibraltar.. • • .. • • ......
Leghorn ........ • ..... 80 Si
Genoa .... • • ...... •• .. 26 25
yfilan .. • • ............
Venice.. .. .. •. • • ....
DTaples
...... • • • • • • • • 40%
Palermo, per0z........ 121%
Afessina .............. 122
Lisbon.... •• .......... 53%
0p0rt0.... • • .... ••• • • • 53%
Rio Janeiro
Buenos Ayres ........
New York, 60 days'sight
Philadelphia --
PRICES OF BCMLION, PER OIL
Foreign Gold in bt.rs.. X 3 17 9
Portugal Gold Coln .. 0 0 0
Spanish Doubloons .. 0 0 0
New Dollars • ... .. 0 4 10%
Silver in bars ...... • • 0 4 11%

AVOTHER SAVINGS' BANK DEFAULTER. ..... The
Ulverston Advertiser of Thursday last announces that the
trustees of the savings' bank in that town have discovered
a defalcation to the amount of 8281. in the accounts of the
actuary' No loss will, however, SCCIII9 to the tlepOlitoo, as
the bond of the actuary is for 8091.

LLOYD'S SHIPPING.-(THIS DAY.)

LONDON, MAY 15.—Wired 9t noev, N
breeze and fire, but cloudy a tint's. Balm 30 (Fail).
PARIS, MAY 15.—The Sans Souci, aid from Pond,-
cherry on the 10:h of Octobel. Fist, bound to Reunion.
and bad not reached her destination on the 22d cf
February. The Vladimer left Rochelle on the 27th of
January, bound to New Yolk, and had not reached
that port on the 20th of April.
BANGOR, MAY 14.—A large piece of a vessel's stern,
with " Waterwitch " in gilt letters on it, was picked up a
few days since in Red wharf Bay.
LIBIERICK, MAY 13. Wind N.W. Sld. Mereea,
New York ; Lively, Boston ; Victoria, Quebec; Tom
Bowline, Quebec.
LONDONDERRY.—SId. Leander. New York.
SHIELDS, MAY 14.—Wind N.E.-61d. Aphrodite,
Ce%lon; Sea Nymph, Boston.DEAL, MAY 14.—Wind N.W. to W. and W.S.W.—

- - -
Arrd. Purchase, St. Kitt's. Arrd. from the River,
Eleanor, BarbadQes; Caroline, Jamaica.
PORTSMOUTH, MAY 14.—Wind W. to N.W.—Shl.
Plenty, Aliramichi.
LIVERPOOL, MAY 14.—Wind W.N.W. to N.N.W.—
Sld. Avoca, Panacea; St. Helier, Rio Grande. Off
port. Martha, Shallcross, Buenos Ayres.
PLYM,UTH, MAY 14.—Wind N.-1.31d. Emily, Me-
hide and Pert Pnilip. _ _ _

FALMOUTH, MAY N.—Arrd. Sorurse
shire. Symons. Sierra Le.ne.

NEWPORT, MAY 13.—Wind N.E.—Sld. Mary Adelia,
Boston, Uuited States.
WHITSTABLE, MAY 14.—Three sails, marke l " Guil-
ford, sailtnaker, N. Shields" have been sciz,d, supposed
to have been taken from a vessel lost on the Whittaker
Sand. A wood-stocked P.nchor, marked " Est-r, Lon-
don," and 30fms. chain, have been landed; also, an iron-
stocked anchor of 7 cwt., and 45 fins of chain, taken
up half-a-mile E. r,f Shivering Sand.