The Sun.
London, England, 1850-03-18 00:00:00

THE SUN, LONDON, MONDAY EVENING, MARCH 18, 11150

acci,ellt or sickness, ehall, when egad and ueservice•
aide, bring him to a7l anchor safety in the smooth
haven provided by a nation's gratitude."
In reference t the e-tablist-ment of such a system,
there is not a men amongst us but must entertain
seine feeling. of .eulicitude. For up er the adoption
of a e ,urse like the otie here indicated, the efficient
conduct of our marine force is directly dependent.
It must be sufficiently evident, moreover, to the
intellects of the multitude that a proceeding such
as the one suggested by our pamphleteer,
a proceeding which would ensure the proper educa-
tion of our seamen, would not in any respect he at
variance with the views known to be entertained by
the Government. So far, indeed, from those views
being antagonistic to the opinions advanced in the
publication before us, they are identical in principle,
and only differ in the extent of their application.
-Upon this point Mr. BOND thus ventures to express
himself in his letter to Mr. LADOUCHERE
" The benefits," he says, " that will accrue to the
community, whose interests I have taken upon myself
to advocate, by the Act cf Parliament you are about
to place before the Legislature, are undoubtedly
great ; but, with humble submission, I venture
earnestly to suggest that, unless your measure be
sufficiently extensive to embrace the education of
seamen, and thus prepare them to take their proper
place in the scale of society, and to fulfil all their
duties with credit and advantage, and unless you
furnish them with the means of preparing for the
examinations which you require them to undergo,
you will apply but an imperfect remedy to
existing evils." The reasonableness of which
suggestion it would be frivolous to con-
tradict. It is from no momentary approval
of the scheme, that we are induced to refer to the
system indicated in the pamphlet under consi-
deration, but from a serious conviction, arrived at
after mature reflection upon the perils and difficul-
ties surrounding the career of a seaman from the
first moment of his entrance into the maritime ser-
vice until the honourable but melancholy period
when he becomes superannuated, that we com-
mend the suggestions of the pamphleteer to
the public, confident that the sentiments from
which thou) suggestions have emanated must
sooner or later have their due weight with the Go-
vernment.
A glimpse at the skeleton:plan, pencilled out by
Mr. BOND, will be enough to assure the mind of the
reader of the earnestness with which that gentleman
has meditated over this possible amelioration. He
proposes, as the nucleus of the entire system, that a
Central Model School should in the first
instance be established in the metropolis, for
the purpose of afferding instruction to those who are
destined to occupy the position of masters in the
local seminaries. This model school he proposes,
moreover, should be erected as near as possible to the
East and Nest India Docks, with a view to locate it
in the centre of the principal mercantile marine
establishments. In every seaport town throughout
the kingdom he would next have established a free
school for the admission cf all children intended to
adopt the marine service as their profession. As to
the discipline recommended by him for the central
establishment and the local seminaries of instruction,
e must direct those who may be curious to the
pages of the pamphlet itself, satisfied that the msjority
ill be disposed to coincide with the different re-
commendations. How the expenses of the entire
scheme are to be provided, in what
.manner they
are to be collected, and in what prc-
portions distributed, are fully explained in the sub-
sequent portion of Mr. BOND'S ingenious and
benevolent publication. Convinced that although
so long and undeservedly overlooked, the
present advice must shortly exercise its
merited influence over the question of marine
improvement, we again commend the pam.
phlet of Mr. BOND to the attentive consideration of
the multitude.

There is positively no accounting for tastes. We
should have supposed that the position of the Bishop
of EXETER, after the just and wise decision of the
Judicial Committee on the appeal of the Reverend
GEORGE CORNELIUS GOILUAII, was about as unenvi-
able as any in which a prelate or minister of the
Church by law established could be involved. His
Lordship bad made an attempt, in which he was most
signally defeated. He had endeavoured to establish
for himself an unbounded supremacy over the con-
scieeces of the clergy, who either hvl 1, or might be
meninated to benefices in his Lordship's diocese.
He arrogated to himself an infallibility in matters
of doctrine, and desired that the ministers of religion
who were placed under his episcopal jurisdiction
should humbly acknowledge that infallibility, and that
none should venture to differ in opinion, even within
the degree cf latitude acknowledged by the articles
of the Church and the Constitution of the country,
from what might chance to be hie sovereign will and
pleasure. Happily for that Church and for the
country he has completely and decisively failed in his
attempt. The Lords of the Privy Council by a large
majority, and with the full sanction of their Graces the
Archbishops of CANTERBURY and YoRK, decided that
the suffragan Bishops were aot invested with
the despotic power and authority claimed by the
Right Rev. Prelate; that the opinions of Mr. GonuA
were not heretical, or such as to disqualify him from
the enjoyment of the ecclesiastical preferment to
which he had been nominated ; and, finally, that the
pious and amiable appellant was as fully entitled to
the possession of the privileges and emoluments be-
longing to the vicarage of Bampford Speke as his
Lordship was to those appertaining to his own see of
Exeter. When that decision was pronounced
not sing remained for the Right Reverend Respondent,
or for those ministers by whom he was sustained and
supported, but to bow with submission to a judgment
which might be regarded as virtually that of the
SOVEREIQN, the supreme head of the Church. What-
ever doubts might be entertained with respect to
points of doctrine, none were possible as to the posi-
tion and authority of our Most Gracious QUEEN.
That at least had been settled beyond the possibility
of dispute or question by solemn Acts cf Parliament
and by the canons of the Church itself. Who-
ever should venture to contemn and rebel against
that authority became, ipso facto, heretics and
schismatics.. They were dissenters from its funda-
mental principles, and could no longer retain prefer-
ment or station therein. Judging, then, by their
own rules, and by the doctrines on which they in-
sisted, and by which they professed to be guided and
governed, they were bound to yield a prompt and
implicit obedience to the supreme head of their
Church, the sole arbiter and judge of all " errors,
heresies, schisms, abuses, offences, contempts, and
enormities, whatsoever they might be." Any denial
of that authority would at once subject them to ex-
cotemumication under the 11th Canon, and to
all the penalties of a prwmunire, including
the forfeiture of all their goods and chattels,
and confinement during the Monarch's pleasure. The
draught, however unpalatable, must therefore be
swallowed. The judgment must be accepted with-
out qualification or subterfuge, and the behest of the
SOVEREIGN, communicated through the Lords of
the Judicial Committee of the Privy Council, car-
ried into execution without murmuring or repining.
We cannot doubt but that such will be the course
adopted on the present occasion by the Bishop cf
EXETER. We cannot lend the least credence to the
rumour put forward through the columns of a
weekly contemporary, that his Lordship will venture
to resist the decision, or endeavour to continue
an obstinate and pertinaceous resistance to
one of the most unquestionable, and best established
prerogatives of the Crown. We cannot suppose that
he would through his contumacity relinquish the
mitre, and assume the position or a dissentirg clergy -
man. Although the Church of England might sus-
ta'n a greater calamity without any very ruinous
cons • quences, we cannot conceive the possibility of
the Bishop acting so insane a part, and will not be-
lieve it until it is established by evidence beyond the
pale cf scepticism.
But whatever doubts may be entertained as to the
future conduct of the Bishop none can remain
as to the actual proceeding of the Rev. GEOBGZ
ANTHONY DENISON, vicar of East Brent, in the
county of Somerset, a person wholly uninterested in
the issue of the case. That Rev. Gentleman has
thought fit to publish, with all due solemnity and de-
liberation, two of the most extraordinary protests
that ever fell under our cognizance as public

journalists. IL; has by a formal ai-t, rrpudiated the
authority of the SOVEREIGN in matters of doctrine,
and thereby abandoned his status as a member of the
Church. He has declared his QUEEN, the two Arch-
bishops, and a number of eminent men of considerable
experion,ce and d•stinguished learning., to be
heretical, and to have dune " injury anri dishonour
to CHRIST and to his Holy Church." Ile has taken
upon himself to affirm that the " sentence is neces-
sarily false that it gives " public legal sanction to
the teaching of fake doctrine, and therein and thereby
has a great and manifest tendency to lead into error
of doctrine, or to encourage to persevere in error of
doctrine, or to p!unge finally into heresy all such as
are tempted, in one degree or another, to deny the
faith of CHRIST its respect of the Holy Sacrament of
Baptism"—and he " warns all the Christian people of
his parish to beware of allowing themselves to be
moved or influenced thereby in the least degree.
He thus not only plunges into rebellion himself, but
calls upon those who sit under his ministry to act in
a similar manner, and to exhibit a contumacious re-
sistance to the authority which, as members of the
Church of England, they are bound to respect and
reverence.

We are no advocates for any unnecessary inter-
ference with the consciences of our fellow-subjects—
we have no desire to witness the revival of the almost
obsolete proceedings fJr a prcemunire, an 4 if Mr.
D igNISON were a private individual we should suffer
him to stultify himself with impunity, and to
protest and re-pretest to his heart's content ;
but, considering the position he holds es
a beneficed clergyman, we hold such a course to be
impossible. Such conduct from such a quarter can-
not be permitted to pass unnoticed or uncensured.
We trust that Mr. DENISON, by an early "repent-
ance and public revocation," may warrant the Arch-
bishop in restoring him to his place in the Church ;
but unless that " repentance and public revocation"
he manifested there remains no alternative. The
majesty and authority of the law must be vindicated ;
the authority of the ST VEREIGN cannot be slighted or
despised without some notice being taken and pro-
ceedings being instituted against the offender. The
lion. Member for Montrose has it appears given notice
of his intention to ask this evening " what notice the
Government intend to take of the protest of Mr.
liEstisoN, impugning the judgment of her MAJESTY'S
Council in the case of GORHAM v. the Bishop of
EXETER, and denying the authority of the Crown as
head of the Eqablishcd Church." A distinct and
definite answer must be returned to the interrogatory,
and it will then be seen what sanction will be af-
forded by the Minilters of the Crown to an invasion
on the most unquestioned and unquestionable of the
Royal prerogatives, and what inducement will be
held out to others to follow in the path on which Mr.
DENISON has so recklessly and wilfully entered.

THE FRENCH REPUBLIC.

We have received the Paris journals of Satutrday
and of yesterday.
The Moniteur of Saturday publishes a decree of
the PRESIDENT of the Republic which appoints M.
B.S.ROCHE, Procureur-General of the Court of Appeal,
as Minister of the Interior, in the room of M. FEEDI.
NAND BARROT, resigned. The Moniteur else an-
nounces the appointment of M. FERDINAND BARROT
to be Minister at Turin, on a temporary mission, in
the room of M. LUCIEN MURAT.
The Constitutionnel states that General CHANGAR-
NIER, and Messrs. TRIERS, MOLE, DE BROGLIE, DE
MONTALEMBERT, BEERTER, and SAINT PRIEST, were
on Thursday summoned to the Elysee, to give
their opinion on the present state of affairs.
The resignation of M. FERDINAND BARROT took
place in consequence of the advice given by the re-
actionary chiefs above alluded to by the Constitution-
nel. If report says true, the PRESIDENT of the Re-
public has surrendered at discretion to the Royalist
reactionaries ; has recanted all his professions of
independence; ard has contented henceforth to be
the mere tool of the Tnnats, MOLE, and M )NTA.
LEMEEBT faction. We do not attach much credit to
these rumours, for we cannot believe that LOUIS
NAPOLEON would commit such an act of political
suicide as, of his own free will, to become the mere
" planche Napoleonienne" over which the BOURBONS
are to walk to a second Royalist restoration.
M. ROUnER, it is said, will succeed M. liartocnE as
Procureur-General_i and either Count FLaalikuvr or
M. GUSTAVE DE BEAUMONT will succeed General
Da LA IIITTII in the Ministry of Foreign Affairs.
Nothing can exceed the chagrin of the reactionaries
at the admirably prudent conduct of the people on
Friday, who would not make an emente in order to
give General CIIANGARNIER an opportunity of mowing
them down with cani,ter and grape. The Constitu-
tionnel of Saturday thus gives vent to the feeling of
oisappoirVment felt by the party of order ! (order,
GOD save the mark) at the refusal of their adversaries
to be irritated into the commission of a breach of the
public peace. It sap: :
"L^t us remark the astonishing disciplir.e c f our ad-
vers ,ries. They present to us the sp(ctacle of order ill
anarchy. The Red press considers.itself so much in re •
volution, that it makes no more articlee, it publishes
orders of the day. All its organs repeat the same pro-
clamation to the pcople, ai a military order is repeated.
The demagogical tarty obe3 s as if by a watchword.
After the succesi of the Socialists, c.-imes the proclama-
tion of the ballot at the Hotel de Ville. That solem-
nity, so triumphant for them, would naturally attract an
immense concourse. It has been seen that there were
very few sFectators, and no illegal cry was raised. The
order had been given by the chi. and it was punctually
executed."

Among all the strange circumstances which have
sprung from the French revolution, not the least
strange is certainly this formal complaint on the
part of the organ of the Government, that the people
not only will not rebel, but that they pay such an
implicit obedience to the laws that they will not even
raise an illegal cry.
The Assernblee Nationale, the organ of the Or-
leanist Court party of the DE PItASLINS, the TesTes,
the DUJANIERS, the Da BEAUFALLONF, et hoc genus
omnes, goes a step further than the Constitutionnel.
It makes a guess that certain tradesmen have
voted' for the successful candidates, and pub-
lishes their names 'in order to denounce them
to the vengeance of the reactionaries. As the votes
are given by ballot, it is impossible for the writers of
the Assemblee Nationale to have any accurate infor-
mation on the subject, and we find in the Constitu-
tionnel and in the Journal des Debats, of Sundae',
letters from several of the tradesmen thus denounced,
denying that they had voted as stated by the
Assembles Nationale. The matter was brought
before the Assembly in the sitting of Sa-
turday by M. DE LASTEYRIC, a moderate
Republican, who said that although he was no lawyer,
his common sense told him that his conduct was not
only calculated to excite hatred and ill-will, and to
expose free citizens to threats and intimidations, but
was moreover a manifest violation of the law of the
land, which declared that the secrets of the ballot•
box should be held inscrutable. Tae Minister of
Justice began his reply by saying that, much as he
applauded conciliation, be could not allow himself to
be deceived by such mock conciliation as was exhi
bited in the coalition to which the results of the late
election were due. This imprudent sally was re-
ceived with loud shouts of disapprobation by
the Mountain, who accused the Minister of
being a promoter of civil ;war. When
calm was somewhat restored, the Minister proceeded
to say that in such a case as the present it was for
the individuals who felt themselves aggrieved to bring
actions against the newspaper who had so dealt with
their names, as the Government.could not be called
upon to institute proceedings. M. Bestocnr, the
new Minister of the Interior, supported the view of
the law taken by his colleague; and with regard to
the violation of the secrets of the ballot-box, he
begged to remind the House that many individuals
who voted boasted afterwards of the way in which
they gave their votes, and had themselves to blame if
the affair had become subject-matter of discussion.
It is quite amusieg to observe the fuming and fretting
of such gentlemen as M. BAROCLIF, who have ever
since May last been preaching up the doctrine
of implicit obedience to the will of the majority, as
testified by universal suffrage. Surely the will of the
insj,.ority of the electors of Paris should be held as
sacred as regards the representation, as the will of
any other majority ?
The National, in commenting on the denunciation
of the Assembke Nationale, justly observes that those
tradesmen who are thus held up to the hatred of a
party might exercise terrible reprisals by publishing the
names of those among their customers who have been
intimidated into obedience to the orders of the secret
tribunal of reactionaries, and have left them, the
names of those who have contracted debts which they
have not paid; and those workmen whom the rt.
actionarie.i would fain starve into obedience, might also
pint out to public notice those men who, enjoying
large incomes, never give to the poor either assistance
or altos ; and those who expend a magnificent fortune
on their mistresses and their dogs, without thinking
of the P
atattiarygaßteisll has been."
Theirwho
Paris Avignonandare starring
n
replaced amongst the orders of the day of the Legis-
lative Assembly for the 25th inst.
La Patrie announces that M. DE ROYER, Advo-
cate-General at the Court of Appeal of Paris, has
been appointed Attorney-General in place of AL
BAROCHE.
Tne supplementary report on the propcmithar

(-_-411fr.:£11 BABAGUAY D'lltrzar:ris for c:: n+ the pro-
:ISLAS oi the decree of July 19, 1848, relative to the
fr sic admission into the military schools, has been pro-
se nted to the Assembly. Toe Committee orL:inally
et,,,rged to exandne this measure had presented a
faiio,.rable report on ir, arid, after a discussion, the
.A.ssenfoly decided that the Bill, as amended by the
C ommhtee, should pass to a second rei4ding.
tl .at fano several amendments have been pre,ented;
ccianeoted more or less directly with the sulject
of free admission, and even raising new questions.
The examination of these questions has given
rise ta long and serious discussions, and the
organization of the discipline and studies of the
schools have been thoroughly examined. The Com-
mittee was of opinion that, as it had been called on to
point out the defects in that organization, it ought to
point out to the Assembly the means of corncting
them, and it has drawn out several propositions on
the subject, among which are the following :—° A
mixed commission, named by the Ministers of 'War,
Marine, and Public Works, shall be charged to re-
verse the organization of the schools as well as the
programme of the studies; it shall propose such mo-
difications as it shall think necessary bi.fore the Ist
Decemb?r, 1850, in order to put those modifications
in harmony with the wants of the public service.."
By another clause, the Pol3technic School is proposed
to be transferred to the buildings of the National
Palace at Meudon.

The newly-elected Members for Paris took their
seats in the Assembly on Saturday—Messrs. VOGUE,
DUPONT, DB BUSSAC, HENNEQUIS, and others,
elected by the departments, were likewise present.
Some disturbance took place on Tuesday last at
Aix, in consequence of a certtin number of conscripts
presenting themselves before the post of the prison in
a hostile manner. The sergeant called out his men
and quickly dispersed them. The next day when the
MAYOR proceeded to the Hotel• de-Ville to draw the
numbers, he found the building in a manner beseiged
by a band of individuals bearing a flag and crying
" Vive Barbis! viveProurlhon!" The authorities in-
terfered and the flag was seized, and some of the men
arrested. At Carpentras the drawing for the con-
scripton was also the occasion cf some disturbances,
and two b:others named COURTAT, were beaten
severely by the Reds. A complaint was lodged, and
an investigation is to be instituted.

Seventeen Arabs have just quitted the Chateau of
Aminise, to return to Africa. They proceeded to
Marseilles, and from thence to Oran. Amongst these
Arabs is an oil mar, 100 years of age, the uncle of
ABD-EL-KIDER. One of them has become so initiated
in French manners and customs as to be a very accom-
plished dancer of the Polk,

• _
- Dow.iger Countess DE MoNTALIvET, formerly
Lady of Honour to the Empresses JOSEPHIN E and
MARIA. Louisa, has just died at her estate at Tauve.
nay, near Sancerre.
We read in the Constilittionnel :—" The French
fleet, the last accounts from which are dated from
Malta, is expected at Toulon in a fortnight or three
weeks. The fl,et is to proceed from Malta to Naples,
from whence it will escort the POPE to Civita
chic. The two French steamers arrived in the Tiber
are also to proceed to Naples to join the French fleet
there. The Pomone frigate, which has been de-
tached from the fleet has arrived at Toulon."
The Five per Cents. wire done in the Passage cf. the
Opera at Olf. 55e.

BUSINESS DONE IN FOREIGN RAILWAYS AT TIIE
LONDON STOOK-E.XCFINNOE, MAIZCII 16.

Boulogne and Amiens, 6.;f4—Central of France (Orleans
and Vierzon),l2—Luxembourg, 144—Orleans and Bordeaux,
2y—Paris and Rouen, 21—Paris and Strasbourg, 61/2
Routn and Havre, 91,1—Sambre and Meuse, 21—Tours and
Nantes, 2q.

Bank-note s, which remained at a discount of 194 per
cent.; and the Bank of Oporto Shares at 18 to 10
milreis discount per share in metal.
The Minister, M. Avila, had followed,' up his
finance report by several projects of law, to improve
the collection: and other fiscal regulations, as also by
the usual money bills, but was still keeping in reserve
his plans fc;r meeting the dt,ficit and extraordinary
expenses.

The Prince and Princess of Juinville, who had left
Lisbon in the Portuguese war steamer Mindello,
had arr:vfd at Cadiz, and had not completed their
thrEe days' quarantine when the Jupiter touched at
thatp,rt.

The merchant steamer Guide, Captain H. White,
put into Lisbon for coals, on her way from Newcastle
to Constantinople on the 10th, and was still in the
Tagus when the Jupiter sailed.

THE UNITED STATES.
LIVERPOOL, SATURDAY NIGHT.
Within the last twenty-four hours we have had
two packet ship-, which bring us later intelligence
from several quarters cf the United States. The first
was the Pl 3 mouth Rock, from Boston, and the other
the Ivanhoe, from New York. Our accounts by the
former tire to the 20th, and by the latter to the 21st
ult., both inclusive.

At Washington, matters remained in much the
same state as last reported, the slavery question being
the great tupic of discussion bath in and out of Gin-
gress.

According to accounts from New York, we find
that there was to be a great aggregate meeting of
men of all parties, on the 25th ult., in favour of the
compromise resolutions introduced into the United
States Congress by the Hon. Henry Clay. The re-
quisition calling the meeting had been signed by
nearly 3,000 persons of considerable standing in New
York. The Journal of Commerce, of the 21st, says
that the Whig general committee are to co operate in
the movement.

Goneral Taylor was to leave Washington on the
21st, on his promised vikit to Richmond, to be pre-
sent at the ceremony of laying the foundation-stone
of the Washington monument.
I.p to ►h.• evening of the 21st the subscriptions in
aid of the Hague-street suffertrs had amounted to
20,800 dollt4. The most anxious sympathy was felt
for these unfortunate creatures.

Later intelligence from Chagres and Panama had
reached New York via New Orleans. The intelli-
gence through this source informs us that there had
been an attempt to get up an insurrection at Ciudad
Victoria and Tumaulirus. The Governor of the pro-
vince had been attacked by a force of twenty men,
and after a skirmish, in which several were killed and
wounded, his Excellency was made a prisoner. Don
Z. de Fortuna had issued a proclamation announcing
the deposition of the Governor, and convoking the
Legislature for a trial.
The Legislatures of Tenessee and Alabama had
adjurned, the former on the 11th and the latter on
the 13th ult.

Mr. Carter, a member of Congress from Ohio, has
been much censured for not paying proper attention
and deference to the United States Supreme Court.
The friends (f the late Rev. Dr. Dick, in Phila-
delphia, have open‘d a subscription for the relief of
his surviving relatives.
In commercial intelligence we have no change to
report. The sales of cotton on the 20th Ftbruary
were 3,800 baler, at very full prices, principally for
speculation.
Flour was rather firmer than when the steamer had
sailed. Prices were ranging 5 dolls, to 5 dolls. 12c.,
for common stale, with but very little to be had at
the former quotation.
Corn (Indian) was very steady, with a fair business
doi, g, principally for shipping.
Pork was quiet, and nominally quoted at 10 dolls.
50c. for mess, and 9 dolle. for prime.
Ashes wore better, with sales of pots, at 6 dolls. 63c.
to 6 dolls. 75c.; and pearls steady at 6 dolls.
Freights were firm—to Liverpool, corn, 6d. ;
flour, 2s. ; heavy goods, 25i. ; beef, 24. Gd. ; cotton,
3-16 d. per lb.

TO THE SECRETARY OF THE

BRADFORD REFORNI ASSOCIATION.

Sir,—On Wednesday the 13th, the Public Libraries
and Museums Bill was read a second time by the
small majority of 118 against.lol. There appeared a
considerable inclination in the opponents to harp
upon small difficulties; which may perhaps be con-
strued into a disinclination to enter into contest on
the real grounds. A shrinking of this nature is by
itself a proof of the progress of the public feeling.
On 'Thursday a Bill to amend the Factory Act was
brought in without a division. A. good deal ef in-
clination was shown in some quarters to connect the
subject with threats, and other unpleasantnesses to the
manufacturing interest. The case is tolerably safe as
it stands. The working classes are neither to be led
into a movement for restricting motive power, nor to
be persuaded that all the improvement in their con-
dition has arisen from working ten hours. The manu-
lecturing interest as it is styled, has no union against
the ohject of thu Bill ; and therefore it is no wonder
that the Bill should go on.
On Friday was produced, the mystery, the budget.
The expectations of those who hoped for r,ductions
of taxatn,n in infinite variety, must submit to the
pruning-ltnile. A removal of the duty on bricks,
and some alterations or equaliz Aliens in the stamp
duties, appear to comprise all that can be quoted in
the way of direct remission. A portion of the sur-
plus is to go towards the reduction of the debt;
which promises remission hereafter. But the greater
part of the surplus—indeed some say they do not
know where any surplus is to come front after it—is
to go into that gulf which yawns open night and day,
the possession of the landlords. Some see in it a sop
to the Cerberus, and view the refusal of the G- >vent-
ment to re-enact any tex on core, as a kind of
quid pro quo. The money, it appears, is to be lent
to them, on condition of paying six and a half per
cent. in'c rest, which in two- rnd-twenty years (if what
I hear is correct), is to ha both interest and capital.
It is understood, there is something like a real power,
of taking possession of the land in case of irregula-
rity in discharging the arrears.
The business of the Opposition, fir the rest of the
evening, appeared to be to dernorstrate and impress
the little gratitude they felt. The true interpreta-
tion of which is, that they will at all times take any-
thing they can, without admitting any bar from pre-
sent concessions. Such indeed is the common end of
concessions of the kind in question.
I am, Sir, your obedient servant-,
AN OLD REFORMER.
London, 18th March, 1850.

M ON.V. an<a CO MMERCIAL E 111 S.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool on Saturday were es-
timated at 5,000 ha!es, of vrlreh 1,000 Amer lean, er.d 500
Perram aryl Niaranham were tdren for export. The mr.r-
lut was quiet-, lut reteady. The Falas comprised 3,500
American, S(0 PQrnarn en I Maranham, at 61.1. to 7d.,
100 Bahia at 60. to 6i 1., 200 Egyptian at 7d. to 7id.,
and :300 Surat at 4d. to 4id. per lb.—ln Railway Shares
a fair huaness was done, but the general tendency of
the market is downwards.
The Grain Market has been steady this morning, at
fully previous rates.

This Foreign accounts are all in come respects better
than those to hand last week, and it is acknowledged
that the view taken of the French elections has in many
respects been greatly exaggerated. The Medera•es
have gained several votes, and the Soc7a,lists have but a
limited numb,r of their body in the Legislature, while
some of the Leal) -elected, alf hough looked upon as Re l
Republicans, aro in reality men of sound though un-
doubtedly very liberal views. The Grerk affair is
expected to be settled within a very short time, and
there is a hope also of the Danish negetiations being
brought to a satisLctory issue.
A good deal of conament is very fairly indulged in
respectiag the proposed new Danish loan, and although
the amount to be raised in the English market is not
large, 300,000/, it is held to be exceedingly vexatious
that we should be subjected to these incessant applica-
tions fur loins from the very states that are thwart-
ing our f ;reign policy. We lend 5,000,0001. to Russia,
although she had been opposing the release of tt e Hun-
garian prisoners just before, and evinces her hostility
now in connexion with the Greek business, and we pre-
sums that as a crowning effort we shall now advance the
sum required by Denmark that she may protract the
war which wo are so anxious to terminate. Truly all
that Mr. Cobden alleged again3t our capitalists and
stock-jobbers is understated, nor can it be denied that
there is little cause for sympathy when they incur a loss.
The policy of our Government, if year after year there
is ti be such an addiion to foreign loans,
will possibly have to become that of passive
indifference, and we shall find aggrieved bondholders
coming with a much worse grace to solicit interference
and protection in the event of non-payment. This very
day there is a meeting of Buenos Ayres creditors who
have had ne dividend for years, and 3et by to-morrow
300,0001. is expected to be subscribed for a Danish loan at
90, and 20 per cenr. to to payable two days after the allot-
ment. The amount is a bagatelle certainly, but the
principle is as objectionable as though millions were in-
volved. With Russian scrip down to 4d. premium,
Danish may yet burn the fingers of some of the late
bu 3 era. The t,>rms of the loan are as follows:
" DANISH LOAN FOR 800,000/. STOCK, BEARING FIVE

_ .
PER CENT. INTEREST.
" Messrs. C. J. liambro and Son beg to announce
that, in conformity with the authority given by the Da-
nish Diet on the 9th of March, e 1859, they have con-
V-aetcd with the Danish Mini6tr of Finance for a loan
of 800,0001. sterling, bearing interest at five per cent. per
annum.

" The loan is to be on the same footing in every
respect as that contracted for in the year 1849. The
subscription price is 901. per cent., payable a; follows:--
" 201. per cent. two days after allotment.
"2 1. „ on the 15th of April.
" 104 „ „ 15th of May
" 10/. „ „ 15. h of June.
" 104 „ „ 15th of July.
" 10/. „ „ 15th of August.
101. „ „ 14th of September.
" A discount of three per cent, per annum will be
allowed on the payment in full of the above instalments.
Provisional certificates will be issued, if required, to par-
ties paying iu full.

"11123. railure in th© specified paymuits forfeits all
previoui instalments.

" The land-tax is especially applied to the payment cf
intercs,, and gradual redemptio❑ of the loan.
" During the five years ending 1817,
the: revenues arising from this tax
gave an ,inutfal average of rbd. s. d.
2,423,983 62, or at 911- ner £ 265,642 0 10
" Of which rlid. 438,000 are required
fir the irrerest and redetop:ion
of the fire per mot. loan of 1849,
at 9i per £

" leaving a balance 0f.... 217,642 0 10
which are specifically applied to the present contract, in
a idtti,ta to general revenues of the ,tat-.
" The e,z ?3 of the bonds will be as follows
A 5 000, at 10 1. each ... £500,000
" B 400, at 5001. each ... 200,000
" C 100, at 1,0004 each ... ... 100,000

£S00,(,00
"The first half-yearly coupon will be payable on the
15t of Scpten,ber next.

" 70, old Brood-street."
The extent of Mr. Watts' daralca!ions et the Globe
office, it is now stated, may be about 50,0001. to 60,000/.
But even Mr. Coleman, the official accountant employed
to unravel the matter, is unable at preterit, owing to the
voluminous nature of the documents to be gone through,
to arrive at any positive conclusion.
The English Stock Market has been fluctuating again,
and has not recovered the decline which occurred on
Saturday, in comet-pm:ice chiefly of the Danish Loan, t
mew, the first pa) leant on which some parties have sold
Console, and partly from the prof seed disappointment
that the whole cf the surplus revenue is not employed in
the redernivion of debt. The extreme prices of Co nsols
have le ,n 95i to 95i frt. Transfer, and 954 tr 4 for time,
the present values being 95a and 95 The
premium on ExAcquer bills has been very hem at 595.
to 615., and on India Bonds it has been 853. Owing to
an error in the list of prices made up on Saturday, vie
quoted Consuls as having raii.d, which was not the case.
In the Foreign Mark: t tte:e is a heavy tone by sym-
pathy with our own Funds, int. M,xicatillook better, and
are N. Peruvian Active Stock has been 704 to 71,
and the Dofurrt d 26i to 4. Br INTw w are 83.
Dar.i,h Old Five per CentF. realise 92; liths;an Scrip
Las been ;,1 to t premium, and Dutch Two•and-a-Llalf
per Cants. are 54,1 Spanish Three per Cents. have
been 34i to 4, and l'ortugueso Four per Cents. nomi-
nr.lly 83 t) 34.

There has been a very dull market for Railve,y Shares,
aLd the qu‘,yatious are about the same as on :.•:a..urday.

ONE CLOSING
PRIQES OF BRITISH FUNDS O'CLO;2IC. PRICES.
.3 U..nsuls Ann ties— —••• 95 1/4 9i V 2
Anns. to .2x pim J an. 1860 ......
Ditto 30 year.,, Jan. 5, 1860. 8

oi.:: fiord., 1,0001. ...... ,••••
Ditto under 1,000/ ....... •••••••-87 p• 85 p
.'onsols for Accoun' ''-ilii % 5 951-4
,•xeliNuer Bills. liAld.ct 2d
1,0001. June
500/. June
Small. June 59 p 59 p

ONE CLOANG
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
rahl Elan Bonds

Ditto, Small
Ditto,New,lBl3 .... ...........
83
Danish Bonds, 1825,3 per Cent.
Ditto 5 oar Cent. ...
Grenada Bonds, 14 per Cent — 10/2
mexican. s per Cent. 1846, with Coupons—
Ditto, Ex Jan. Coupons ...,.
Ditto, Account .. ... ~ 995ii% 29'3;3
Feruvian Bonds, 4 per Cent
Ditto. Account
/2
Ditto Deterred
`264l,ifs 27
t'ortuguese 5 por Cents.
Ditto. 4 per Cent.
Russian Bonds
... _.Ditto Scrip 1 4 0 3/4 14 p 114 p
.'l_,&.ult:,t, Ti per (.;eat. 184 u —
Ditto, Account
!lift), Passive 3L/
Ditto. 3 per Cent
Otvidends on the above pavabo- in uondort.
outch 24 per Cent., 12 Guild. .. 54% 5514
Ditto, 4 per Cent. Certificates — E 6

RICES (F BUSINESS DONE CLO:-IN
RAI WAY SIIANES P"'LID- AT ONE O'CLOCK. PRIG E
•,,,rdemi .
Berks & Hants Extens
(Gt. West. Per.s per ct.) 6
Birmingham and Ox-
ford Janet., calls duly
Paid, or with a guaran. 20
Do, without guarantee 20
Suckinshamthire ...... 171,4
CalOonian
Ditto, New K.'. Pref... 10
he-ter and Holyhead... 50
Ditto, Preference l5
Dublin and Bel Est June. 40
',.mtern Comities........ 20 ...... 7%14
East Lancashire
•ireat Northern
Do., ly2 A Deferred ... 1214...... 2 kA, IA
Do., .(,1 B 6 per Cent... 91,4 5
Do., 5 per Cent. Pref. 12 IA
graat south. and West.

5
7%
73/4
5
103/;i

(Ireland)
mat North of England 100 ......
Ditto. New, 301
Ditto. New .15/ l5 .. .. 33
.reat Western 100 ...... 1,7 .. ...... ••• 5714
Ditto, 14 Sharon 5O ...... 28% 2BW,
Ditto, Fifths ...... ..„.. 20
Ditto. New 17/... ..... 15 ... _ VS•••• 714
Lancashire& Yorkshire 100 ..... 33 39 x.d.
Do. Quarters ......... 23% 8 x.d............. S x.d.
Do. Fifths_ .. 10
"o. (W. Riding Union) 1111 ..... 3!,,t x.d.. 3lq x.d.
London, Brighton, and
South C0a5t...... 100 ...... 79% 79
London and N Western 100 .....104% 104
London /It S.Wtstlrn ..ICO ...... 64
Manchester, Sheffield,
and Lincolnshire...loo ...... ...
Do. New 10/. Pr0f..... 10 ••••••
Midland ... .. ........ —ll O...... 3834 .. . ..... .....
Do., 59/. !Thp.roa ..... 30 .. ... 4X ..... .......„
Do. Consolid. Bristol and
Birming., 6 per ct.... 100 ..... 12234 123
North Britif,h ........ ... 25 .... , ...
...
Ditto, Halves ..
North Staffordshire ... 171/2 6 61X1... 6IA
R-ading, Guildford, and
Reigate .
Royston and Hitchin ... 414.. , .....
S rewsbury and 8ir0... 13%. _ dii.
..
...... dis
Ditto di to, Class B. S ...... _
.... l%
south EasV,r, .. 33% ...... 16 15',/,i 16';h x.d 1610c.d
York. Nowc.-.stle, and

38 ?/8
5

Berwick. . ..
Do Newcastle Eaten. 20
D,. G.N.E.Preference 8 ... - 1 0%
York and North Midland 50 ...... 16 4,2,,/i ..
U tt4 Preference ...... 10
FOREIGN RAIL WA V .....
Dutch Rhenish . ..... ... 8 ... .. 2
Luxembourge,. ........... 8 .«...
Ditto .........
Northern of France
FdLNES.
Australian
United Ilexican 28% 63,...... ..... • •••

13;
12

JOINT STOCK BANKS,
Union of London... lO ••• •-•••

11%

SIIIPPING—(THIS DAY.)
Lc rnoN, RCII IB.—Wind at noun N.E., light
.n e, and d', clear frosty weather.
TORBAY, MARCEL 16.—Wind N.E. Sld. Faith,
C srminhc.

PENZANCE, MARCH 16.—Wind E., fresh
Larger, Liverpool, for Dordt, with loss of bowsprit from
rontvet wiqi a Fght barque cff the Lizard.
JERSEY, MAIICII 16. The Union, Quillebced to
Leghorn, was abandoned 22 miles S.E. of Barfleur,
having been in contact with the Fides, Havre to Not
Oreans; crew saved.

QUEENSTOWN, MARCH 16.—The Creole, Cadiz t°
London, Eai put in wilh to!a of bowsprit, &c., from con'
tact, 12th inst., off Scilly, v.ith a barque, which lost fore"
mast, &:?.
STROHNESS, MARCH 16.—The Harvest, sanderlsna
to t4t. Andrew's, has coma in to be examined, having
been on shore.