The Sun.
London, England, 1850-04-17 00:00:00

ward until the Bill is disposed of one way or the other,
unless at prices, so much beneath the actual value as
to amount not to fair sales, but actual confiscations."
And such will be the result to all, who do not come
within the jurisdiction of the " Henrietta-street
triumvirate," if the Bill pass in its present partiul,
limited, unjust, and restricted form. An unembar-
rassed proprietor will be unable to dispose of a por-
tion of his lands for the improvement of the residue,
or in order to acquire other property, that may be
better situated with respect to his other
estates. He will be practically prohibited
from obtaining a loan on almost any terms, for
none will feel disposed to lend their money under the
present system, subjected to all the delays, vexations,
and expenses incidental to a protracted investigation
into title—a verbose and prolix deed of mortgage,
subjected to heavy stamp duty, and the certainty
that, if they should desire to get back their claim by
the transfer of that security, they themselves, in turn,
must submit to similar delays, annoyances, and ex-
penses to those by which the original mortgagee
was inconvenienced and mulcted. Contrast with
this the facilities afforded to the debenture
holder, who may receive his security without
the slighest rink or danger—who will not have
to pay a solitary Gs. 2d. fee to his solicitor,
and who may part his debenture with equal ease, and
without the expense of a single shilling, at any mo-
ment, and who, while he chooses to retain it, will only
have to go to the Bank of Ireland, or other place ap-
pointed,' for payment, and receive his interest on the
day fixed for the purpose, with certainty, as if it were
a dividend on a similar sum in the public funds. In
one case, the money advanced may be regarded as
" active" and in the other as " dead " capital,
and we need scarcely ask, which would be pre-
ferred ? It would, in fact, be easier to obtain money
on one description of security at three per cent.
than it would on the other at five per cent. • This, as
we have already stated, is neither just or equitable,
and we can never believe that the Imperial Parlia-
ment will sanction such grievous injustice upon the
existing proprietary of Ireland, a class already
deeply injured by the legislation of the last few years.
On this part of the subject we invite the attention
of our readers to a second communication from an
esteemed correspondent, Mr. C. 11. BOWEN. That
gentleman is fully aware of the great advantages that
would be conferred upon his country by a general
measure similar to the one to which we are now al-
luding. He it was who first directed the public
attention to the beneficial results of the
" Prussian Landschafts," or " Mortgage Banks,"
and their extraordinary effect in restoring the
national prosperity when that country was involved
in difficulties similar to those under. which Ireland is
now suffering. He also published an admirable scheme
for the establishment of mortgage banks in his native
land—a suggestion which we hope to see speedily car-
ried into full operation. Mr. BOIVEN pertinently
inquires what would have been the feeling in England
if the Government had brought forward in the autumn
of 1847 " a Bill enabling the Bank of England to
relax its rules in favour of a particular section of a
particular class of merchants, and that in such a man-
ner as would necessarily increase the pressure on the re-
maining portion of the mercantile interest ?" What re-

ceptionWould such legislation have met with ? Would

it have been tolerated for a single moment ? Certainly
not. But that is the mode in which it is proposed
to deal with the owners of unencumbered estates in
Ireland !! !

We are happy to find that 'Mr. BOWEN has pub-
lished a second edition of his valuable pamphlet, to
which we have already referred, although under a
different title.* It will well repay perusal.
* " What would be the Effect of Sir John Romilly's
Bill for facilitating the Sale of Encumbered Estates in
Ireland?" Dublin: J. M'Glashan.l tLondon: J. Ridge-
way, Piccadilly, 1850. Pp. 24.

CABINET COUNCIL.—A Cabinet Council was held
this afternoon, at two o'clock, at the Foreign-office.
There were present Lord John Russell, the Marquis
of Clanricarde, the Earl of Carlisle, the Earl of
Minto, Earl Grey, Viscount Palmerston, Sir George
Grey, Sir John Hobhouse, Sir Francis T. Baring,
the Right Hon. H. Labouchere, and the Right Hon.
Fox Maule. The Lord Chancellor was absent through
indisposition. The Ministers were sitting when we
went to press.

ME. ANDERSON'S BENEFIT AT DRURT.LANE.-

The complimentary benefit to Mr. James Anderson takes
place this evening at Drury-lane Theatre. The performances
are the Lady of Lyons, and the magnificent spectac e The
Devil's Riau. During the course of the evening an ad-
dress, written expressly for the occasion by Joseph Lunn,
Esq., will be spoken by Mr. Vandenhoft. We
trust that the lovers of the legitimate drama will do their
duty on this occasion, and muster in:great force to show their
respect to one who has not been content to do mere lip-
worship to our glorious drama, but who has exerted himself
ably and actively, and who has not scrupled to incur heavy
pecuniary loss in his praiseworthy attempt to revive a taste
for the most national of all our amusements.

POST-OFFICE ARRANGEMENTS.—It has at length
been finally determined that the sorting duty necessary for
forwarding letters through London on Sundays shall be per-
formed in railway carriages, and that such duty shall com-
mence next Saturday night. The necessary instructions have
just been issued from the General Post-office to the pro-
vincial postmasters for that purpose. All letters that can
possibly be sent on to their destinations on blank days,
otherwise than through Loudon, have been ordered to be
sent through country offices, so that all the duties which
will have to be performed in the railway carriages will be
the sorting of the stamped letters which are posted in country
offices, which cannot possibly reach their destination except
by passing through London. As mentioned some time since,
the railway sorting clerks will only have to perform road or
divisional sorting, and will not make up bags for every office.
This latter duty will be performed by the principal forward-
ing offices, on the railway lines, and hence the reason why
the number of offices which corresponded direct with London
on Saturday nights was diminished some time since. The
true cause of the diminution was explained at the time,
while other journals declared that the object was to deceive
the public. The railway sorting will be done by London
Post-office clerks, who will proceed to the provincial termini
every Saturday, to work the up mails to London on Saturday
nigh ts.-21foratng Paper.
THE WEATHER. —At the Royal Observatory,
Greenwich, the mean height of the barometer in the week
was 29,425 in. The mean daily reading of the thermometer
was highest on Sunday, when it was 54•4 deg., and lowest
on Saturday, when it was 46.2 deg. ; the mean temperature
of the week was 49.5 deg., or 5 deg. higher than the average
of the same week in 7 years. The mean temperature was
throughout the week higher than the average, and on Sun.
day was higher by 9'5 deg., and on Monday by 8•5 deg.
DETERMINED SUICIDE AT LADY VERNON'S.--At
an early hour this morning, the establishment of LaCy
Vernon,- No. 5, Upper Belgrave-street, Belgrave-square, was
thrown into a state of consternation, upon its being dis-
covered that Susan White, her Ladyship's housekeeper, bad
committed suicide. It appears that the unfortunate woman,
who is about 38 years of age, has but recently left the service
of Lady Barrington, where she had been some time, and she
had only been at Lady Vernon's five days, during which
time she had not shown any despondency or peculiarity of
rminner. Shortly after seven o'clock this morning, the house-
maid knocked repeatedly at her room door, but was unable
to obtain an answer, and the door being fastened inside some
alarm was created, and police-constable 151 B, who was on
duty in the street was called into the house, when her room 1
door was burst open, and the unfortunate woman was found
lying on the floor with a cord tied tightly round her neck,
the ends of which she had hold of in both hands. There
the woundleit in
arm, h e
which
hch throat,
h
was a quantity of blood on the floor, which had escaped from
a
adanbdeean inflictednotheracrowssitthheafldeessheyrtpkanrtifoef.
In a few minutes Mr. Wilmot, of Eaton-place, Surgeon, ar-
rived, and pronounced her to have been dead some hours,
and that she had died from strangulation.

MANCHESTER TRADE REPORT, APRIL 16.—The
o t t 0
n naturem ark
Market
newsarrival
of
foafnthadevAammeeriicnancosttteoanmoernetahrelyottis morning, bringing
te'has besenn
etqourievnaduiselrysinners and
idle, together with
respecting the crop,
checked business to-day,
Itsh intelligence
ats
e f
r sent
ect upon
uppoo
nft
haoenur unfavourableiLiverpool
na
d. per lb.
ance on
preferment
all
This
hfiirsm h in demanding
materially
and very little has -been done, save for
Parr
the supply of
present wants.
THE DEANERY OF SALISEURY.—This
has been conferred by the Premier on the Rev. Henry
Hamilton, M.A., the author of a recent able defence of the
Committee of Privy. Council on Education against the at-
tacks of the Tractarran party. Mr. Hamilton was formerly
of Trinity College, Cambridge, where he graduated in 1816,
being tenth on the list of wranglers for that year. He is the
author of a work on the Principles of Analytical Geometry.
and also of an Analytical System of Conic Sections. The ap-
pointment is highly creditable to the Government, which, if
it means to secure the good-will of the friends of progress,
must, in other instances, as it has in this, select their ob-
jects of patronage, not from an aristocratic clique or family
and official connexion, as has recently been too mach the
case, but from those who render to the public such services
as Mr. Hamilton has done by his recent valuable pamphlet.
Mr. Hamilton is Rector of Watb, in Yorkshire, to which
valuable preferment he was presented by the last Marquis of
Aylesbury.

On Sunday morning last, April it, a sermon was
preached at St. Jan,,,'s, Holloway, by his Grace the Lord
Archbishop of Canterbury, in aid of the fund of the Hollo.
way flagged School. Ilis Grace took for his text the 113th
Psalm, Verses 6th and 7th—" He taketh up the simple out
of the dust, tiled lifteth the poor out of the mire, that he
may set him with the princes, even with the princes of his
people," and in an eloquent discourse set forth the claims of
this truly Christian undertaking. We rejoice to hail his
Grace's sanction thus publicly shown to a work through
whose instrumentality, under Providence, we may look fur
the res!oration of what now appears the most abandoned
portion of society. The collection at the door amounted to
upwards of 501. We ascertained from the honorary secretary
Mr. Aldrich, that ground has already been purchased, and
that 9001. are still required to complete the building of the
school. We feel assured that in so good a cause the inhabi-
tants of Holloway, and the public in general, will soon place
this sum in the hands of the treasurer.

MONEY and COMMERCIAL NEWS. '
CITY, QUARTER 7 0 THREE.
The sales of Cotton at Liverpool yesterday were esti-
mated at from 5,000 to 6,000 bales, of which 1,200
American were taken for expert, and 500 on specula-
tion. The market was quiet but firm. The sales com-
prised 3,500 American; 600 Pernam and Maranham, at
6id. to Bd.; 100 Bahia, at 6id.; and 1,000 Surat, at
4gd. to sd. per lb.—Railway Shares were greatly de-
pressed, and the quotations were much lower.
The letters and papers received yesterday afternoon
by the Niagara steamer supply the following informa-
tion upon that most important subject the cotton crop—
Mr. T. J. Stewart, in his circular, stating :—" The crop
proves to be a short one, and if measured by. the ability
of the world to consume, the shortest one since '4l-'42.
The falling off in the receipts regularly exceeds the pro-
gressive estimate I made some time since, and on which
I made up my table of 2,100,000:bales. It will close under
two millions of bales ; how far below I cannot at pre-
sent say, but the interior of the country is exhausted
' of supplies to so great a degree, that it is evident
that such a figure is totally impracticable. This proves to
be one of the few seasons that the estimates of judicious
observers have been regularly reduced, during,December,
January, and March, without any let up whatever. The
ratio of the delivery to the amount gleaned has been
about 6 per cent. in excess of the short crop season of
'46-'47. During November last 2,300,000 bales was
thought a low estimate, and 2,500,000 bales was hoped for.
In my circular of 23d January, in advising my friends
to abandon any estimate over 2,100,000 bales, and to
form their plans of business on a possibility of less,
I assigned as my reasons for such a conclusion, the
fact o being placed in possession of evidence that
the autumn, favourable to a degree as it had seemed,
had not counteracted the tendency of the plant, during
the summer, to run into stalk, and that the top bolls
throughout, on being submitted to the ginning process,
yielded less fibre, and a greater weight of seed—in
other words, the autumn saved, but did not make;
2,2001bs of seed cotton in many cases being used up to
furnish a bale of 5001bs, whereas 1,4001bs is usually
deemed sufficient. The top crop is always deceptive;
soon after the fall of the leaf, late in the season, it
is difficult for overseers to estimate the products,
within 15 per cent.; and yet several agents of English
houses, whirling through the country by stages and by
railroads, at the rate of twenty miles an hour, on the
route to their stations, in January, authorised state-
manta by circulars and notices in the English papery,
that the crop in the fields was enormous, and fully
equal to that of the past year.' And such was not the
actual appearance ; even to verdant parties it can only
be accounted for on the supposition that their object was
to affect prices by a general combination of misstatements.
The estimates made by me for the past four years have
proved in their result so uniformly accurate, I hope I
have been instrumental in guiding the operations of my
correspondents, in view of the great rise which must
ensue when the fact is generally known that the crop
when weighed off will prove smaller than the figures
indicate, as the deficiency of the receipts of New Orleans
is of Louisiana and Mississippi growth, always heavy
bales; and that Mobile will not exceed 325,000 bales
, instt ad of 519,000 bales delivered last year, and it is
well known that from that section we derive our heaviest
bales. For the planting of the next crop the
prospect as yet is very unfavourable. A large
body of land at the great South-West is now
under water, and it is probable that the mild winter
will hasten the melting of the snows of the Upper Mis-
sissippi and the Missouri, and the rise, which generally
comes out of these rivers in May, be down upon us this
month before the freshets from the Ohio, Red River,
etc., can pass off. The falling off, by last mail dates,
accurately compared with the same dates last season, is
402,000 bales; by telegraph last night, 458,000 bales.
Whatever th figure of the crop may be, the mills
north of this city will consume 575,000 bales of it—the
southern mills 25,000 from the ports in addition to
what they take from the interior, not counted
in the crop. Holders here appear aware of the im-
poverished condition of European spinners, and
are disposed to await their calls. A small amount was
sold, for three days after the arrival of the Niagara, at
a decline of half a cent; since each day prices have ad-
vanced, and now stand cent buoyant over those per
Canada. Sales last week 2,500 daily, chiefly on specu-
lation."
Accounts of January 12 from Hobart Town are
occupied with matters of purely local interest, Sir
William Denison's treatment of Chief Justice Pedder,
whom he had requested to resign owing to some differ-
IMO of opinion upon political points. Wheat was de-
pressed, being 3s. per bushel. A Sydney journal states
that the Wheat crop was scarcely worth reaping.
Mauritius papers of Feb. 22 have been received, and
report that the colony was in much the same condi-
tion as previously, and with improving prospects.
At Amsterdam, on the 15th instant, Dutch Stock was
in moderate request. Spanish Bonds were active. Pe-
ruvian in request. Mexican flat.
The meeting of Spanish Bondholders is now being held.
The English Funds are rather firmer. Consols have
been done at 95i to 951. for Transfer, and 95i to 1 for
Account. The New Three-and-a-Quarter per Cents.
have been done at 964 to 96k, arid the Reduced Three
per Cents. at 941 to 4. Bank -tuck is 205 to 21)7. Ex-
chequer-bills have been 68s. to 70s. premium.
In the Foreign Market the principal dealings have
been in Mexican, owing to the reported intelligence that
the remittance for the dividends will be about 80,000
dollars. The prices have advanced to 29 and 29k. In-
teresting news is also said to be in town respecting a
proposed settlement of the debt. Spanish Bonds
have been 18i for the Five per Cents., and 37} for the
Three per Cents. Portuguese Four per Cents. have
been 32 to 34. Brazil Stock is 87 to and Peruvian
Active 70 to 71. Dutch Two- and-a-Half per Cents have
bean 55i to 56 ; Four per Cents. at 85i.
The Railway Share Market continues dull. The
Stock Exchange committee have adopted an important
resolution, v z.., to compel parties to deliver shares on
the account day for which they were sold, and not a
fortnight after. The frightful extent of Bearing, pro-
moted by the sales of joint-stock banks which had made
loans, is the cause of this step.
BRITISH FUNDS THIS DAT AT ONE O'CLOCK.
(From the Official List.)

Bank Stock
3 per Cent. Reduced Annuities ..94%
8 per Cent. Consols Anna
New 314 per Cent. Amis. 95% %
Long Annuities. Exp. Jan. sth, 1860 ~ 81
D 0.30 Years, Expire Oct. 10,1859 7% 7 15-16
South Sea Stock 105%
Ditto Old Annuities 9414
Consols for Account
I%d. 95% Ys 342 d.
Exchequer Bills.
Marck. Jana.
1,000/.
500/
Small — 68 70 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent 117% 87
Buenos Ayres Bonds, 6 per Cent ' 52% ex d
Danish Bonds 1825, i per Cent--
Ditto, 5 per Cent
Ditto, Scrip
Mexican Bonds, 1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto for the Account
Peruvian Bonds, 4 per Cent —
Ditto Deferred
Russian Bonds. 1822,5 per Cent —
Ditto 4% per Cents 95
Spanish Bonds, 5 per Cent. ......
Ditto for the Account
Ditto Passive Bonds 3Ys
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Build
Ditto 4 ner Ce:A. Certificates
Ditto Account . B5l/2
BUSINESS DONE IN RAILWAY SHARES AT ONYI O'CLOCK
ItAnwAre. PAID. Fax SnAna.
Aberdeen
Ditto, Preference si ITA% die. to
Birmingham,Wol.,& Dudley,
calls duly pd, or with guar. 15 2O —.... to
Caledonian _

:.. .. 5 ',i -;•••• to
v-6;.,ifew 10/. Preference 10
Eastern Counties
Do. Eaten., 5 per ct. No. 1,6/. 13m. 4d .. p..
Do., do N0.2,6/. 135.4 d... par
Do., Northern & Eastern... 50
Do., 5 per cont. ... 50 . SG ...... to —.
East Lincolnshire, guar. 6 per
Cent. ...
Great Northam 22 ...... 5% to
Do. 14 B 6 per Cent.
Do., 5 per Cent. Pref. ... ... 121/4 ...9%%% al to
Great Western ......100 47 481/2 48 to 47%
Ditto,Flalf Shares
Ditto, Quarter Shares '2s
Ditto, Fifths
Do. New 17/. l5 .. ••• 5N%... to 6
Hull and Selby 5O — —.. to
Ditto,Quarter Shares ... 12% 21% to
Lancaster and Carlisle—. -~. 50
Do., Thirds
Leeds and Bradford 5O —— 87 ——to 68
Lood., Bright.,& South Coastloo ..... 764% 77% to 76%
London &North Western 100 ••••••,00 991% to 101
Do. New Qaarters.
Do. Fifths l2 ••••• 11'4 to
Loadon and S. Western .......103
Midland ........ .... ........ _lOO 9O % 3214 to 31%
Ditto, 50/. Shares ..... ...... SO •••••• 2 •.... to 214
North British .. .. ... ...... . 25 •••••• 6% to
North Staffordshire... . .... 171,4
Reading, Guildtd., & Reigate 15
Shrewsbury and Birmingham 1314 — dim to
Ditto, New Guaranteed 8
South Devon
South Eastern 331% 12% to 13
Ditto, No. 3.
Ditto, Registered No. 4.... 10
South Wales
Wear Valley 6 per Cent.
Guaranteed ... ...... 50 ...... ...... to —.
Do. do. do.
Do. do. do. ...... .16 ...
York, Newcastle,
and Berwick 25
I I ...... ......COto 114
Do.:and Newcastle Eaten. 20
Do. G. N. E. Pun or Pref. I
fork and North Midland .. 50 ..

FOREIGA RAILWAYS.
Northern of France l6 .. ... 12 ..... to
Orleans and Bordeaux 2i% to
Sambre and Melze

JOINT STOCK roA.N.Es.
British North American .. to
Proyincial of Ireland

BRAZILS.—There are dates in Liverpool from Rio
Janeiro to the Ist, Bahia, 9th, and Pernambuco, 16th March.
From all the ports there are sad details of the ravages of the
yellow fever. At Rio three English captains had been seized
with the malady and had died. Trade was still depressed.
Freights at Bahia ranged from 325. to the Channel, 3is. for
sngar, and for cotton, to Liverpool, and 30s. to London.
Exchange, 29d. At Pernambuco, exchange ruled at 280.

FRANKFORT.—A number of orthodox Jews having
recently presented a memorial to the Senate, requesting their
sanction for the formation of a distinct religious association,
the Senate has referred the subject to the committee of the
Jewish congregation of this city, and awaits their report
thereon,--Jewish Chronicle.