The Sun.
London, England, 1850-07-15 00:00:00

CLASS VI.

New Plants in flower—silver gilt, Messrs. Volta;
silve:. Messrs. Lane a'Al Co.; silver banksiun,
Mr. Ivisen.

THE SAVINGS OF THE MIDDLE

AND WORKING CLASSES.

The Select Committee appointed to consider and
suggest means of removing obstacles and giving faci-
lilies to safe investments for the savings of the
middle and working classes, and who were em-
powered to report the minutes of evidence taken
before them, have investigated carefully the subject
referred to them, have received evidence, and agreel
to the following report :
Your Committee think the importance of removing
obstructions to the secure investment of their savings
to the middle atia wee king classes can scarcely be
overstated, because this is a consideration upon which
the industry, enterprise, and forethought of the
classes in question greatly dep'end.
Your Committee have proceeded to examine exit-
ing obstacles to such investments, and to consider how
far it may be practicable to remove them, and in what
manner this iney be accomplished.
I❑vestments in land or landed securities your Com •
mittee have much reason to believe are much desired
by the middle and working classes ; but the uncer-
tainty and complexity of titles and the length and ex-
pense of conveyance, together with the costs of stamps
place this species of investment generally beyond the
reach of those parties. Mortgages on land are liable
to the same sort of difficulties and often also prove in-
secure investments.

Your Committee think that the greatest benefit
would be conferred bath upon the owr.ers of land and
upon the smaller capitalists desirous of purchasing
land in small portions, or of lending money in small
amounts upon landed securities, by the simplification
of titles and the shortening of conveyances ; but as the
evils in the present law of real property are under the
consideration of Commissioners appointed by her
Majesty for that purpopse, and as a measure for di-
minishing the duties on stamps for small conveyances
and mortgages is now before the House, they do not
think it necessary to enter into further detail upon
this subject.
The Crown is empowered by Act of Parliament, in
certain cases, by charter, to limit the liability of
partners. This power, however, has seldom been ex-
ercised, does not seem guided by any clear rule, and
involves expense greater even than that of obtaining
au Act of Parliament. Your Committee has in7evi-
dence, that the benevolent propjectors of a useful un-
dertaking (the Metropolitan Model Lodging Houses
for Workmen) obtained a charter from the Crown,
which put them to great delay, and cost them op-
wards of 1,0001. In like manner many enterprises
for similar objects are stated to have been prevented
by the trouble and expense of such a charter.
Your Committee suggest, therefore, that such
charters should be granted with the greatest caution,
but at a far more reasonable cost.

Another subject of complaint before your Corn..
mittee has been the law of partnership, that places
obstacles in the way of any body of workmen who de-
sire to combine their money and labour in industrial
undertakings.
In some cases several industrious men work to-
gether under regulations of their own with a small
capltal ; they are directed by managers whom they
choose, the goods produced are sold for their com-
mon benefit, and the profits are divided among the
contributors of capital and labour, in certain propor-
tions agreed to.
At present the law affords no effectual remedy
against the fraud of any one dishonest contributor or
partner; and no summary mode of enforcing the
rules agreed to for mutual government.
Your Committee are of opinion that the difficulties
which affect the law of partnership operate with in-
creased severity in proportion to the smallness of the
sum subscribed and the number of persons included
in the association. They think that any measure for
the removal of these difficulties would be peculiarly
acceptable to the middle and working classes, and
would tend to satisfy them that they are not excluded
from fair competition by laws throwing obstacles in
the way of men with small clpitals.
Your Committee are of opinion that in ordinary
cases individual energy and larger capital will prevail
against the necessarily inferior advantages which
these associations must possess ; but this is a consi-
deration which the parties desirous to associate are
justified in deciding tor themselves. And the Com-
mittee do not doubt that ultimate benefit will ensue
from any measures which the Legislature may be
enabled to devise for simplifying the operation of the
law and unfettering the energies of trade.
In concluding the report which is now submitted
to the House, your Committee cannot but express
their strong opinion of the pressing necessity of the
subject now referred to them being speedily attended
to by the Legislature.
The rapid increase in population and in wealth of
the middle and industrious classes within the last half
century, renders this of great consequence.
The groat change in the social position of multi-
tudes, from the growth of large towns and crowded
districts, renders it more necessary that corresponding
changes i❑ the law should take place, both to im-
prove their condition and contentment, and to give
additional facilities to investments of capital which
their industry and enterprise are constantly increasing
and augmenting.
It is the conviction of your Committee that if such
measures were carried into effect a stimulus would
be given to the industry of the country, likely to
cause additional employment and contentment, with-
out injury to any class, and with added security to
the welfare of all.

THE COUNT!
LIVERPOOL, JULY 13.-Thl
8. d. 0. d.]

t Y MARKETS.
e following are the prices :-
1

Wheat, per 701 b :
English, white 6 6 to 6 8
Do. red .. 6 3 6 6
Irish, best red 5 9 6 2
Do, lower quality 5 6 5 9
Manx, red and wh. 6 0 6 3
Dantsic, high mixed 7 0 7 2
Do., mixed 6 6 6 S
Rostock, Sec•. .. 6 8— 6 9
Hamburgh and

s. d s. d.
Do. Meal, perl96lb 14 0. to 14 6
Barley, English, pr
imperial quarter 2i 0— 27 0
Irish, Scotch, and
31anx,per601b.. 3 0 3 2
Foreign, grinding 3 0 3 2
Rye, per 4801 b .. 22 0 24 0
Beans, English, pr
imperial quartr 28 0 —29 0
Irish and Scotch
__ —..

Lower Baltic .. 6 2 6 4
American &cwhite 6 4 6 8
Canadian, / Jed 6 0— 6 2
Antwerp &Louvain 6 2 6 4
French, red.. .. 6 2 6 4
Hungarian and
Mariaropoli .. 5 8— 5 11
Odessa, Polish .. 5 8 G
Do., common .. 5 5 5
Egyptian .. 4 0— 4 6
Flour, English &
Irish, per 2801 b 30 0— 31 0
Do., extra fine 33 0 -- 34 0
United States, I
barrel .. 23 6 —24 i
Canadian .. 23 0 23 6
Indi,n corn, per
4801 b, white .. 27 6 28 b,
MANCHESTER, JULY 13.—Since our last report very
little rain has fallen in thi, neighbourhood, bat the %yea-
ther has been dull,and cloudy, which, combined with the
advance in the value of wheat in London and other in-
fluential markets, caused an animated demand for fresh
flour in the early part of tho week, enabling factors to
obtain art advance of is to is 61 per sack on the cur-
rency of the preceding market day. In other articles
there was no change observahli,. From our own coast
and Ireland the imports ioto Liverpool are exoe-d,ndv
sc4P.tv, rtn.l from x4:ept,oci v, Le
unit Inman corn, Of wujcu ilije• al supplies are repined,
the arrivals aro only t; a very moderate amount. At
our market this morning, the weather being brighter,

per 4801 b.. .: 24 0— 25 0
Dutch .. 26 0 27 0
Egyptian .. 22 0 23 0
Peas, English, per
imperial quartr 28 0— 30 0
Foreign 27 0 27 6
Oats, per 451 b :
English, Scotch,

and Welsh, old 210— 2 11
Irish, new, best
mealing .. • 2 61— 2 7
Do., mid and inf. 0 0 0 0
101 d • • .. • • 0 0 0 0
Oatmeal, English,
& Seoteh,pr24oll 9.3 0 24 0
Irish, new • • 22 0 23 0
Do , old • .• 21 0— 22 0