The Sun.
London, England, 1844-06-24 00:00:00

r of the fact. The Noble Viscount, indeed, in his
felicitous and off-hand manner at once exposed what
we must call the cant and the mistake of the system

Laffitte Bank, I,ooof. Sharesll3s ..1135 ..1132 50 ..1132 50
5,000 f. Sharesso9o ..5090 ..5090 —5090
Belgian Bank.
Belgian Fives, 1840 .. .. •• • • 105/ . • iosf .. 1051 .. 105/
Spanish Active . 301 .. 314 .. 30/ .. 31/
Threes •• ..
Neapolitan 99 60 .. 99. 60 .. 99 60 .. 99 60
Roman
RAILWAY SHARES.
St. Germain .• ••• • 885 .. 885 •.. 885 .. 885
Versailles, L 8..... • • • • •...• 246 26 .. 247 50 • • 248 25 .. 247 50
Rouen ...... • • 982 50 .. 982 50 k. 980 980
Rouen to Havre.. •.. • • 765 .. 765- ••• 760 .. 760
Orleans •• ••••••••• • • •• • —• 985 .. 986 25 .. 985 . 985
Strasburg; to Bale— . • 235 .. 235•• 232 50 .. 232 50
Avignon to Marseilles— ...•• 758 75 .. 758 75 .. 758 75 . 758 75
RAILWAY SIIARES FOR 301.11 JUNE.
St. Germain .............. 892 50 .. 892. 50... 892 50 .. 892 50
Versailles, • . 376 25 .. 37G 25 .. 376 25 • • 376 25
L.F1••••••••••.• 247 50 .. 247 50 .. 247 50 .. 247 50
Rouen •••••• • • • . 980 .. 982 50 . 980 .. 982 50
Rouen to Havre.
Orleans ....... ••• • • 982 50 .. 987 50 • • 982 50 .. 987 50
Strasburg to 8a1e... 235 .. 235 • • 231 25 .. 232 50
Avignon to Marseilles-- 762 50 .. 762 50 • • 760 .. 760

now upheld by Government on this point.
" Then, again, he said the mere fact of opening the
British market to sugar which was, in their opinion, the pro-
duce of free labour, or which was really and truly the pro-
duce of free labour, did virtually give as great encourage-
ment to the produce of slave labour, as if they directly ad-
mitted it into our market. He would not call it hypocrisy,
because that implied some purpose to deceive those to whom
it was addressed; but he would say a more barefaced delu-
sion—(Cheers)—one more open-sighted, clear as noon-day,
obvious to the meanest capacity, never was 'propounded
to Parliament, than to pretend that they were continuing the
discouragement to slave-grown sugar when they were with-
drawing from the markets of Europe all free-labour sugar. Of
course, they must thereby diminish the supply, and increase
the price of the rest, and give consequently a direct, im-
mediate, and considerable encouragement to the growth of
sugar by the labour of slaves.—(Cheers.)"
ro show how perversely this device of Ministers is
persisted in, against the most reasonable and logical
objections Pounded on the analogy of the social condi-
tion of certain foreign possessions, not included with-
in its scope, we may mention that Sir J. HANMER—
" Wished to know, why Porto Rico, where much free-labour
sugar was produced, was not included in the number of those
places whence such produce would be admitted into the Bri
tish market ?
" Mr. W. E. Gladstone said it was quite true that free-
labour sugar was produced in Porto Rico ; but slave labour
WAS also employed in the production of sugar in that country,
and it would be impracticable to make any distinction in fa-
vour of its produce."
In what respect more impracticable than in the
strictly parallel instance of American sugar from the
United States ? And if sugar may be imported from
the partly slave, partly free-labour cultivated planta-
tions of the States of the Union, under certificates—
why not, also, from the plantations, similarly culti-
vated, of Porto Rico under the like guarantees, such
as they are ? But the plan is a puerility altogether;
an attempt to compromise between the just rights of
the British consumer, the fair demand of the British
West Indian grower for a reduced duty of 205., and
the anxiety of the Minister to raise a certain addi-
tional amount of revenue, in the shortest possible
time, at any sacrifice of principle which he can manage
to clothe with the flimsy pretext of rigorously up-
holding the great principle to which we are pledged
of abolishing by all legitimate means the continuance
of slavery. But, "faciles descensus acerne." From
inconsistency to inconsistency—from hypocrisy to
-hypocrisy—from pretext to pretext—where a truth
is to be concealed or a wrong to be effected, the pro-
gression is at railroad pace. Mr. PATRICK STEWART
completed the degradation of this pitiful measure by
two home pushes. The one regarded the most invi-
dious exception made by Government in favour cal
Java, where, he asserted, the labourers were abso-
lutely "adscripti glebe—transferred with the soil
and forced to till it. Each man, we should say, has
a sort of reserved equity of redemption—indeed ; since
he can separate himself from this bondage on payment
of a certain money premium to the master ; but not
otherwise.
"That this was virtually slavery might be imagined from
the fact that when re-established in 1836, a rebellion and
consequent massacre of the labourers occurred. The slavery
might be modified and mitigated, but slavery it was."
When we remember the scandalous conduct of the
Netherlands Government about this very island of
Java, and our trade with it, as evidenced in that
shameless violation of the treaty of 1824, we must
again marvel at the title Java can have established to
an admission into our markets with her slave-raised
sugars. But the other downward thrust given by
Mr. STEWART we subjoin in this epigrammatic state
ment

We understand that Mr. ThOmas Duncombe pre-
sented, on Saturday, to the High Bailiff of West-
minster a requisition, signed by several hundred in-
habitant householders and electors of that city, in-
cluding twenty Members of Parliament, requesting
him to convene a public meetingol.the inhabitants,
for the purpose of taking the present state of Ireland
into consideratioq, and of petitioning Parliament for
the immediate release of Daniel • O'Connell, Esq.,
M.P., and the other State prisoners. The High
Bailiff acceded to the requisition, and appointed
Monday, July I, for the meeting, which will be held
in Covent-garden, at one o'clock.

TOTAL LOSS of the MANCHESTER
(STEAMER).
The following letter was received on Saturday by the
secretary at Lloyd's, from the agent at Hull, dated June 21,
3 30 :

" The Leeds (steamer), Mowle, from Hamburgh, has just
arrived, bringing accounts, dated 18th inst., from Mr. Dutton,
of Cuxhaven, stating that the Manchester (steamer), Capt.
Dudley, which sailed hence. 14th inst., appears to have been
totally wrecked at the entrance of the Elbe, during a heavy
gale on the 16th and 17th inst. from the northward.
" The boats broken, also considerable quantities of broken
bales of cotton, twist, and other goods and wreck, have been
washed ashore at Cuxhaven. As there is no account of the
crew and passengers, it is feared that the whole have pe-
rished. The ship had a very valuable cargo oa board.
(Signed) " EDW. MOON.
" P.S., 420 P.M.—Ca ptain Mowle has no doubt that the
whole of the crew and passengers are drowned."

HONE Sr AND COMMERCIAL NEWS.

cfrom The Sun of Saturday Evening.)
The sales of Cotton at Liverpool, yesterday, were 5,000 to
6,000 bales.—The Share Market was not very active, but a
fair business was done, on the whole, at about the subjoined
prices :—Chester and Birkenhead, 19i; Ditto and Drog-
heda, 651; Eastern Counties, Registered, 131; Glasgow and
Greenock, 11g ; Grand Junction, 219 ; Ditto, New Quarters,
391; Great North of England, 102 ; Great Western, 1211 to
122; Ditto, Fifths, 224 ; Liverpool and Manchester, 109 ;
London and Birmingham, 218; Ditto and South-Western, 86;
Manchester and Birmingham, 57; Midland Counties, 931 4;
Ditto, Fifths, ; North Midland, 934 94; South-Eastern,
New,llag.
The trade in bark from New South Wales appears to be
growing into some importance. Recent advices give the fol•
lowing statistics, in reference to the probable transactions of
the current season—say from October, 1843, to the same
month in this year--and state that, whereas in 1841-2, the
quantity of bark exported did not exceed 400 tons, it will
most likely reach to near 3,000 tons this season. Of the
great importance of this national product, and the necessity
of protecting its future growth, we trust that the Government
is fully aware ; the amount paid to the bark-strippers, and
others engaged in hutching, bagging, &c. will, upon 3,000
tons, 131 9,000 L, the freight to the shipowner in England
near 13,000/. It is not generally known that, highly as the
bark of Van Diemen's Land is esteemed in England, that of
Austria Felix is of a still superior quality.
The circulation and general return of the Bank of Eng-
land is from March 23 to the 15th inst., and the weekly
average, on a comparison, shows the following results :
Circulation, Last time . £21,393,000
Now

Decrease

66,000
Deposits, Now
Last time

"He could state further, as showing the utter futility of
the principle of legislation now proposed, that he knew of a
cargo of slave-grown Brazilian sugar recently—and since these
sugar debates—shipped from Liverpool for Bombay, in order
there to displace so much East India sugar which might be
exported to this country.---(Loud cries of ' Hear, hear,' and
a few expressions of doubt.) He knew he should be met
with intimations of doubt, so he had taken care to be pro-
vided with particulars.—(Hear, hear.) The cargo was im-
ported to Liverpool in the Mary Howell, from Pernambuco,
and was shipped for Bombay in the Australia—(Hear, hear)
—that it might be consumed in the East Indies in place of so
much free-labour sugar which would be imported into this
country.—(Loud cries of 'Hear, hear.')"
The Bishop of LONDON may blush with envy at
this towering flight of pharisaical manceuvreing. And
yet this Bill is still before the House of Commons !

Increase

138,000
Securities, Now 21,916,000
Last time 21,786,000

Bullion, Last time
Now

Increase

130,000
16,010,000
15,900,000

Decrease
The Banking deputation returned at a late hour ,000
yesterday
afternoon, from their interview with the Premier, having
gained a point or two for the modification of the famous cur-
rency scheme on which Sir Robert Peel evidently not a little
plumes himself. As to such alterations as will make the Bill
what it ought to be, the banking fraternity have
quite given up the idea, and positively think themselves
fortunate in having obtained any alterations. They are not
to be quite so closely screwed down, it seems, in regard to
their issues of notes, as the average will be, on February,
March, and April last, and if they do not exceed the amount
apportioned to them on the monthly average, will not be
liable to the penalties at first intended to have been inflicted
on a weekly excess, aiming at steadiness of currency indeed
with a vengeance, whereas the smallest tradesman can
scarcely average his assets on six months, much less on six
days. The month of October next will be the period when
the new Bill comes into force. In the Savings Banks Bill
there have also been a few improvements. Rather more in-
terest is to be allowed than at first proposed, though the ne-
cessity for cutting down the present rate is not generally ac-
quiesced in.

The Madrid journals of the 14th inst. contain no
fresh intelligence. According to letters from Bar-
celona negotiations for modifying the tariff were still
going on with every probability of success ; and it
was generally believed that foreign cotton goods
would be admitted on payment of a duty of 30 per
cent.

The Three per Cents. were done at 271 for cash;
',he Five per Cents. at 204 at 60 days, and the Float-
ng Debt at 50.

Most of the Paris journals contain articles on the
quarrel between France and Morocco, but with the
exception of a few remarks in the Constitutionnel,
they possess little interest. That journal infers that
the affair cannot be finally settled without a contest,
and at the same time states that a much larger
force is to be sent under the command of the Prince
DE JOINVILLE than was originally intended. As it
speaks the sentiments of M. TRIERS, and also those of
the Prince, the amount of satisfaction to be demanded
on the part of France and the scheme proposed by the
young Admiral, are entitled to some credit. "We
are assured," says that journal, " that the satisfac-
tion consists of these three points—the repulsion of
ARD-EL-KADER from the territory of Morocco, the
dismissal of the chiefs who commanded the Moorish
army in the engagement with our troops, and the
retreat of that army into the interior to a distance
of several leagues from our frontier. Now,
the EMPEROR has not, perhaps, even power
enough to execute those conditions. England
has offered her mediation ; but has she herself the
means of rendering it efficient ? It is not enough to
persuade ARDERR ARMAN, but we must get the better
of ADD•EI,K ADER ; for our serious object is not the
humiliation of the EMPEROR, but the expulsion of the
warlike Marabout. Despite, therefore, of all the
conferences between Lord COWLEY and M. G UIZOT,
and of the entente cordiale, war will, perhaps be in-
evitable. The Prince DE JOIN VILLE has proposed a
plan of campaign, the result of which would have
been the bombardment or temporary occupation of
the ports of Tetuan, Tangiers, and Mogador. This
vigorous plan, as is affirmed, has not been accepted,
and vague and less energetic instructions will be
given to the young Admiral. Nevertheless, An in-
crease of force has been conceded to him. The squa-
dron will consist of three line-of-battle ships, six
steamers, and some for landing troops. We know
not how far the force of circumstances will lead the
French Government. It is, however, probable enough
that, in presence of these threatening preparation's;
and under the influence of Great Britain, the EM-
PEROR will promise France every satisfaction, and do
his best to expel A 11D-EL-KADER. But it is rather
late to succeed, and if the Emir has in Morocco all
the influence he is supposed to possess, the difficulties I
will be but adjourned."
In a letter dated Toulon, the 16th inst., we find
the following intelligence :
"The last letters from the west of Algeria do not commu-
nicate any new fact; but it would appear that the Govern-,
ment has received some intelligence of interest, for last night
orders were received here to form a battalion of 700 men from
the 3d regiment of marine infantry, now in garrison, and to
embark them immediately. The preparations for the de-
parture of the squadron, under the orders of the Prince de
Joinville, are proceeding with all possible rapidity. It is an-
nounced that the Triton, the Jemmapes, and the Belle Poole
frigate will form part of the expedition."
in the Chamber of Deputies, on Wednesday, the
line of railway from Paris to Lyons gave rise to an
animated debate, one party contending that it should
run through the valley of the Seine, and the other
through that of the Yonne. The question, however,
was left open for discussion, and a vote was taken for
a grant of 71,000,0001. to form the line.

The rising tendency of our Consol market is still the fea-
ture, as there is a decided scarcity of stock ; otherwise the
amount of business done is not large. To-day the rates
are 9811 to for the opening. Exchequer Bills have been
steady at 735. to 755., and India Bonds at 945. to 955.
remium. Bank Stock is firmer, viz., 198 to The Reduced
Three-and-a-Half per Cents. realise 102 A to f, and the Three
.per Cents. 99 to
The speculators in Spanish Bonds are again rather encou-
raged by the tenor of to-day's advices from Madrid, as to
Mon's financial arrangements. The Three per Cents. have
been 34& to 35, and are now 35 to The Actives have
realised 234, and the Passives' si. Colombian look better,
also, at 31i to h ; and Brazilian are 82. Dutch Two-and-a-
Half per Cents. obtain 614 to 62. Nothing has been done
in Mexican or Portuguese.
The Share Market presents a blank appearance. Birming-
ham are a shade lower, South-Eastern are rather better, and
the others generally firm. French look more buoyant.
MANcHEsTER STOCK EXCHANGE, JuNz 21.—We report
a slight improvement in our prices to-day, and rather more
business doing. Dublin and Drogheda, 65; Grand Junction
Half Shares, l09i; Great Western, 121 i ; Hull and Selby,
Quarters, 14 ; Manchester and Leeds, 106 ; Paris and Rouen,
38 ; Trent Valley, 8.

CLOSING PRICES.
BRITISH FUNDS.
Bank Stock
3 per Cent. Cons.
New 3% per Cent — EL Bills, 1,000/. INd ... 75 pm.
New 5 per Cent.
Ditto Stnall... ........ ... '75 pm.
Longjan Annuities
1859...... ..... .. .. 12% 'Consols for Opg. llB%
Jan. 11450 —
FOREIGN FUNDS.
I#6l, t% to expire 2%
81
Belgian, 5 per Cent
Brazilian Bonds
Austrian, 5 per Cent
82 ;Prussian, 5 per Cent
FE
rxecnhcahn g3e
pe
Buenos Ayres, 6 per Cent.. Russian, 5 per Cent 1183,4
Chllian, ii per Cent Ditto,.
104% Bletallic
Colombian, 6 per Cent
Ditto, 1824 — 3 per Cent . ........ ...... 35%
,I 'D
Portuguese,
it;
India Stock
1 tt:s :::::::::kk,
Ditto
sfooip
e'rrt. lAA:cc ccc—ett.
n:
....t..1:
0ct.75 Pr i .
Cuba Bonds, 6 per Cent — Ditto, Deferred
Dutch, 23 per Cent.... 62
Danish, 3 per Cent
.-31.4' Ditto, 5
Greek, IS 5, 5 per Cent
r Cent. —f.— --cc.
pihMeentatojivc,iaaonnpeislB2spre,nC6tepneitrai7c.e.n..t
per Cent ....JOON
SHARES.

Birmingham and Glomeater (100 paid) 93
Caledonian (5 paid) .....
Dublin and Cashel,... ................... .. 344
2)fipaid •
......
R St/

Eastern Counties (23 'd) .. . . .......................
Ditto Rr-' .red ( 638 d

greareatt.
WNeisettgihersontfek(En;

Ditto Half Shard, 50paid *****************************
Ditto Fifths, ;2 paid . ................................... no"
Hull and Selby, 50 paid

Dittos Quarter s ( paid) .................. 117 i
London and Birmingham (Stock) . ................. 2'B
London and Blackwall (161. 13s. 4d.) 7
Lon lon and Brighton (50 paid) .................. 46
London and Greenwich (121. l s. 4d. paid) 7
London and South Western (411. 6s. 10d. paid)
Midland Counties (100 paid) 93%
Newcastle and Darlmgron Junction. 21 paid 4O

. ci pa.
South-Eastern and Dover (39 Ps .Id paid)_
...... 35
Ditto New Shares ( 4 paid)
Yarmouth and Norwich (18 paid)
York and Scarborough Branch (2% paid)
Orleans, Tours, and Bourdeaux, 1 paid 2%
Paris and Orleans (20 paid)
Paris and Rouen, 20 paid

TTIE SUN, LONDON, MONDAY MORNING, JUNE 24, 1844.