The Sun.
London, England, 1850-06-24 00:00:00

MONDAY EVENING, JUNE 24, 1850.

day, devoting their entire time to the performance of
the important trust confided to their charge. But
although the Railway Commissioners were well aware
of the extraordinary progress that had been made,
Earl GRANVILLE deliberately brought for ward a
measure in the House of Lords, alleging that there
was " but little probability of any Bill being brought
forward by or on behalf of the railway interest.''
Heis was Lordship
distinctly p
was speedily undeceived on this point ;
h informed that a measure had ac-
tually been prepared, which would receive the final
sanction of the railway delegates within the week, but
still he persevered in forcing on his measure, which
was read a second time in the House of Lords in the
beginning of March.
This Bill, as it now appears, was a palpable inva •
sion on the privileges of the Commons House of Par-
liament. It provided that all railway companies
should contribute, in proportion to the amount of
their paid-up capital, sums amounting, in the whole,
to the sum of 10,0001. per annum, and all such further
sums as the new board, which was to be appointed
pursuant to the Bill should consider to be incurred for
the common benefit of all railway companies, which
sums were to be payable to the Board of Inland Re-
venue, and recoverable in like manner as passenger
duties. This was, therefore, a matter that could not
originate in the hereditary branch of the Legislature,
that could only proCeed from the guardians of the
public purse, the representatives of the people ; but
this obvious objection was overlooked in the anxiety
to jockey the railway delegates and to outstrip them
in the legislative race.
On the 9th of March the delegates had finally ap-
proved of an Audit Bill,
and had appointed an
Executive Committee to
watch the progress of the
measure through Parliament, and to oppose the Go-
vernment Bill. This Bill was introduced by Lord
STANLET in the Lords, and was, as well as Lord
GRANyiLLE's Bill, referred
.to a, Select Committee
nominated by the Government, and on which
Ministers might calculate upon a decisive majority.
Many members of the Executive Committee were
most anxious to be examined before their. Lordships'
Committee, in order to give evidence in favour of their
own Bill and against that of the government. This
privilege was, however, denied, no witness being
heard on any side—the Select Committee merely
considering the provisions of the rival measures, and,
finally, after an interval of several months, reporting
againstboof oththb,,
and in favour of a hybrid measure com-
pounded
and possessing all the disadvantages
and but few of the advantages of either.
We cannot at present afford space to enter into the
details of this most objectionable, most unjust, and
most impolitic measure. A close examination of its
provisions will show that while it affects to bestow
an optibn on'shareholders to decide which system of
audit they will select, it provides such means for
taking the accounts from the hands of their own
auditors, and bringing them under the cognizance of
.the Central Board, or the " auditors of railway ac-
counts," as they are termed in the Bill, that the
only real choice is whether they will submit to the
board's audit done, avith_all its heavy expenses, or
have their own audit in the first instance, and that of
the Central Board afterwards, with a double series of
expenses.

THE FRENCH REPUBLIC.

We have received the Paris journals of Saturday
and of yesterday.
The Dotation Bill still continues to excite great
differences among the reactionary members of the
Assembly.
Several meetings of the reactionary members have
been held on the subject, but no decision has been
arrived at.

The Pattie of Saturday says—
" The members of the majority composing the Par-
liamentary Club, held in the RUC Richelieu, assembled
last evening to come to an understanding on the terms
of an amendment equivalent to the Bill of the Go-
vernment. The five members of the minority of the
Committee, MM. Leverrier, Lefebvre, Durufle,
Bayeux, Augustin Geraud, and Fortoul, were pre-
sent. Several representatives arriving from their de-
partments, stated to the meeting the feeling of the people
with regard to the measure. They declared that the
demand of the Government was popular in the pro-
vinces, and that the electors had expressed to their re-
presentatives their desire to see the grant voted. Several
other members present made similar statements, adding
th.t they had left Pgris after the presentation of the
Bill with a different opinion. The following amend-
ment, nearly an exact copy of tlit'Government Bill, was
then agreed to, ' There is opened to the Minister Of
Fivance on the budget of 1850 a erelit of 2,160,000 f.
for extraordinary expenses of the Presidency in 1849 and
1850.' M. de Dampierro has given notice that ho will
move this amendment in the Assembly."
The Ordre, the organ of M. ODILON BARROT, has
the following mysterious warning:—
" Whilst awaiting the information or revelations which
the public discussion may lead to, and without paying
too mech attention to the rumours already more than
once put in circulation and contradicted, we believe that
the members of the Assembly who have in view on this
occasion only the public interest, will do well to ask
themselves this question,—lf an ensemble of resolutions in
a delay more or less prompt, was to be submitted to us,
and it we were not disposed to go to the extreme extent,
which would be better both for success and to cover our
responsibility before the country, a refusal, more or less
disguised, opposed without delay even on a question of
money, or a resistance which could come only efter a
concession made to the President of the Republic on this
question, so delicate—resistance; which for that very
reason could be much more . energetic? Perhaps we
have not arrived there, but it is well that it be thought
of. Nothing would be more pitiable, it must be allowed,
for a Sovereign Assembly, after the trials already
passed through by France, than to have to say one day,
and perhaps before long, we have been surprised!"
The PRESIDENT remains inflexible ; he will have
all or nothing ; he declares, that should the Bill be
rejected or mutilated he knows what to do.

-The Pouvoir, the organ of the—Elysee, has the
following on the report of the committee :
" There are obligations which custom imposes on
power. To deprive power of the means of responding
to such obligations is to depopularise it. Such is the
truth. The reporter, acknowledging that the President
has been obliged to have recourse to his private fortune
fir matters of public utility, offers to defray the cost of
installation under the ridiculous name of ' national
compensation?- Keep your compensation—no one has
asked it. A credit is demanded for the office, and not
fur the man."

The following account of a meeting of the represen-
tative Members of the Club of the Council of State
held on Thursday night appears in the Patric:—
" The meeting was never more numerous; about 300
representatives were present, and the discussion lasted
till midnight. M. de Montalembert, who was one of the
first speakers, declared himself in favour of the Bill;
and, having just returned from a visit to the country,
be added that it would be a mistake to suppose the pro-
vinces utfavourable to demand. He further said that
the rejection of the measure would make the majority
unpopular. M. de Kerdrel then spoke. He is, it is
known, the author of tbe amendment for according
2,160,0001. for the extraordinary expenses; and there is
every reason to believe that it will be on this amend-
ment chat thn compromise unanimously desired by the
party of order, out of the Assembly, will be effected
between the Government and the Assembly. M. de
Kerdrel belongs to the Legitimatise fraction of the
majority, He perfecty, established his position
with respect to his party, and the significa-
tion of his amendment as regards the Pre-
sident. His speech, it is said, obtained very great
success. M. Thiers, who next spoke, warmly supported
the Bill. He showed "that it neither engaged the gum
tion of Government for the future, nor the personal
affections of Hon. Members. It is said that, in order to
overcome the resistance which was founded on these
motives, he said, I am neither. Republican, nor Bona-
partist, and yet I shall vote for the Bill. M. Berryer
followed. The eloquent orator first blamed the faults
committed in the presentation of the Government Bill;
he declared that he considered it inopportune, and the
manner in,which it had been defended offensive to the
ddwigenliltiyngofotn theheAssenmecbelsy;ity Hoefna compromise, and evertheless concluded by
pro-
posed the sum of 2,000,000 E, - M. Jules 'do Lasteyrie
spoke to the same effect, and adopted the same amount.
-M. de Broglie and M. Mcd‘ insisted, like M. Thiers, on
the importance of the majority remaining in union with
the President, and on the danger of putting an end to
that union on a question of money. The sitting was
brought to a close amidst very great agitation. The
Legiumatiats are to meet this evening; it is said that a
numerous fraction of their party
will separate from M.
Berryer on this question."
According to the Evenement a very violent scene
took place at this meeting:between N. Da LAROCHE-.
JACQUELIN and two Members of the Legitimatist
party, which nearly terminated in a duel.
The Ordre of Sunday has the following allusion to
a contemplated coup (Eliot:—
" The Bulletin de Paris and the Eveneotent speak this
evening of a rumour which bad prevailed during tbe
day relative to the appointment of a new Minister of
War in place of General d'Hautpool. These rumours,
which are of old date, are not altogether without foun-
dation. Wo believe, however, that the appointment al-
luded to depends upon much more grave events than that
of a simple Ministerial modification.'
The Patrie publishes a laboured defence ofßaronGaos
against the accusation of duplicity brought against
him by Mr. lAars s letter. As a specimen of the
meanness and equivocations to which General DE
LAHITTE is E'
compelled to have recourse, we give
the following extract from the conclusion of the
article in the Pattie :
" This leads us to an explanation with regard to e,

phrase in the letter of recall of M. Drouyn de l'lluys,
upon which, as we said at the commencement of this
note, Mr. Wyse has fancied that ho could support an
accusation, that M. Gros had concealed from him the
existence of the project of convention in question. It
is said in that phrase that at the moment that Gieece
was compelled to cede to compulsory measures, the es-
sential bases of that project were already known at
Athens. That is perfectly exact, historically and gram-
matically.
" The dispatch of the 12th of April, brought to M.
Gros by the Vauban, had already informed him of the
conditions of arrangement upon which France and Eng-
land had already come to an agreement, the same which,
a few days after the departure of that dispatch, became
the bases of the project of convention ; but it did not
inform him—it could not inform him—of the fact, of
little consequence, moreover, that those conditions
would be sent to him in the form of a convention regu-
larly drawn up, instead of being sent to him under the
form of instructions."
The writer of this article nowhere ventures to as-
sert that the essential bases cf the project were known
to Mr. Wise at the time that Greece was compelled
to yield ; they were known to M. GROS at Athens
because the steamer Vauban was dispatched with
them specially from Marseilles; they were known to
King OTIIO, because- M. Gnos took care to communi-
cate them, to him. They were known to Mr. O'BBIEN,
to whom M. GRos also communicated them ; but
they were unknown to Mr. WISE, because Baron
Gaos cautiously and purposely abstained from giving
to Mr. W YSE the least hint of their existence.
The Moniteur announces that the Court of Assize
in Paris sentenced on Saturday, and by default, M.
I'IMOLRON Linar, a member of the Institute of
France, to ten years' imprisoment for having stolen
from the National Library different works, manu-
scripts, &c.
Letters from Toulon of the 19th inst. state that
the "Vedette steam-frigate arrived there that morning
from the Piraeus, with Baron Gaos, the late Minister
Extraordinary in Greece, on board. The Marseilles
steam-packets had been placed in quarantine at Leg •
horn, Civita Vecchia, and Naples, because the board
of health of Marseilles had announced that a ship re-
cently arrived at Marseilles, and on which a sailor had.
died of yellow fever, had been allowed to enter the
port after performing quarantine.
There has been but little doing in the Passage de
l'Opera, but prices are rather better ; Fives having
been done at 94f. 25c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LUNDOIN STOCK-EXCHANGE, JUNE 22.
Dutch Rhenish, 1% —Luxembourg, I—Northern of France,
l 3N.

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.

The sales of Cotton at Liverpool en Saturday were
estimated at 10,000 bales, of which 300 American were
taken fur export, and 3,000 American, 500 I.34hia, sod
500 Surat on speculation. Extmme rates were obtained
for all kinds, and the market closed with an upward
tendency. The sa'es comprised 7,000 American, 300
Pernam and Maranham at 7id. to 7il. ; 1,200 Bahia at
70. to 711; and 1,200 Surat at 41d. to 51d. per lb.---In
Railway Shares a fair business was done, and, in some
instances, at rather higher quotations.
Wheat in Mark-lane is steady this morning, but other
articles are dull.

Considerable annoyance and inconvenience has been
experienced this morning by the merchants and under-
writers at Lloyd's, and doubtless by commercial men
generally, from the circumstance of no letters having
been received from Liverpool, Dover, Gravesend, and
other leading ports, and which arises, of course, from
the stoppage of letters thronghout England yesterday.
The fisinburgh mail of Friday brings the quotation
for Bflls of Exchange, on London, at 13 74, being lower.
There was an increased amount of paper offering. Money
was in greater request.

At accoriing to advices of the 16th inst., the

liquidation of the May accounts went off very easily.
Accounts from Brussels again state, that a treaty with
the Lllverein States was fully expected to be concluded.
In the Amsterdam Bourse on Saturday a fair business
was done in Dutch Securities. Spanish Bonds were
without alteration, and Russian firm. At Franktart on
21st inst. Austrian MttaHies were quoted 79, and
Spanish Three per Cents. 32 7 16.
The following is a comparative statement of the
arrivals and tonnage at Quebec from sea, in the years
1849.50, up to the Bth of June in each year:--
1849 ... 299 vessels. ... 115,631 tons.
1850 ... 334 „ s.. 139,004 „

35 „

23,373 tons more this year.

Comparative statement of arrivals and tonnage from
the Lower Ports in the years 1849-50 up to the Bth of
June in each year:-
1849 ... 14 vessels 972 tons.
1860 11 „ SOO „

3 172 less this year.
The journals at the various ports on the Upper Lakes
of North America, all speak of the large number of
vessels which remain unemployed there. Among them
are many of the finest craft in the country. At Oswego
there are a large number of lake craft not yet brought
into service.

Information had been received out of 10,144 steerage
passengers having embarked from British and Irish
ports for Quebec.
In deprecation of the annexationists, the Toronto Globe
remarks :—"ls not the Government of Canada in our
own hands, and if every complaint is not redressed is
not the blame our own ? Is not our Government the
best and cheapest in the world? And is not the Go-
vernment they seek to unite us to far behind both in
theory and practice of liberty ? Many annexationists
admit all this. But they want the 20 per cent. duty off
Canada wheat and the 15 per cent, duty off our timber,
and
.just because the United States deal with us illi-
berally we must join them. Strange reason for a union!
We owe much to Great Britain for her unpaid protec-
tion, and she is ready to do anything in her power for
us. It is owing to this that our taxes are so low, and yet
we must abandon, hi r.: and join that which not only
is commercially illiberal, but would impose double taxes
upo❑ us. The 20 per cent. wheat duty, as we have often
shown, is little more than a dead latter, and when small
quantities are occasionally taken for the United States
consumption, the importers generally manage to pay far
less than the nominal duty, while the additional taxation,
if we were united to the States, would amount to the
whole price of all the wheat exported to every place.
The timber duty may, to a small extent, restrict the
quantity and diminish the price in Canada; but the Ame-
ricans must take our wood, for they cannot get it any
where else. Such silly reasons for annexation are a
mere pretext to hide the disloyalty which has taken fast
hold of these undutiful and ungrateful subjects. They are
nearly as worthless as that of one cf the members of
Montreal, who would send us to the United States,
because he alleges ho got some foolish answers from a
clerk in the Colonial-office, to some remarks which were
probably as foolish as the answer."
There is a very firm market for public securities, and
this in the absence of extensive dealings. Consols have
been 9614. The debate of this evening is looked for
with considerable interest, the more especially as reports
aro being circulated that the majority for Ministers will
not be so large as could be wished. The New Three-
and-a-Quarter per Cents. have been 98 to 984, ,and the
Three per Cents. 96} Bank Stock has been firm at
209. Exchequer-bills have realised 675. to 695. prem.,
and India Bonds 85s. to 88s.

The Foreign Securities have been quite neglected.
Mexican Bonds are about 30. Peruvian Four-and-a
Half per Cents. have been done at 77i to i; and Russian
Four-and•a•Half per Cents. have been marked 97k.
Railway Shares have been very quiet, and at about
previous rates.

QUARTER TO THREE.
Consols for opening ... .. ... 96 96i

ONE CLOSING
PRICES OF BRITISH FUNDS O'CLOCK. PRICES.
Llatilt bLock
3 per Cent. Reduced A• 7113
New 34 per Cent. Aren5................ 981/ 98 9814 98
ong Anus. to expiraJan.lB6o 8 3-16

Inli 9. Honda, 1,006/.
Ditto under 1,000,........ .......
4.)onsols for Account 96',4 lA,
4xcheQuer Bills. 1 %d. & 2d

1,000/. Juno 67 69 p
500/. June
June 7O p

88 p
88 p
9 6 ,/i

63 p
67 p
70 p

ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
Grenada Bonds, 114 per Cent. —18 M
'Ylexicati, 5 per Cent. 1846, with Coupons—
Ditto, Ex Jan. Coupons —
Diftn. Aeconnt
Peruvian Bonds, 41h oer Cent 771/,L4 77%
''' Russian Bonds ........
Ditto, 41 per Cent
Spanish 5 per Cent. 1840 — j 17%
Ditto. 3 per Cent
Ditto, Account — 38%
Dividends on the above payable in London.

PRICES OF ,BUBI±T/ESB DONE CLOSING
RAILWAY SHARES. r MD. Al l/ 14 I .i• ' .A. •K. nucEs.
Caledonian
Esgtern Counties...
Do., New Pref.recce,
f per Cent. ....- .... 10
Ditto,Extension, 5 per
Cent., No.l. 6/. 13s. 45.... p.
Ditto ditto, No. 2...6!. 13s. 4d... - p
Do. North. & Eastern,
6 per Cent.
Ditto. 5 per Cent.... 50
Do. New ... 43 ...... 49
Great. Northern
Do., 5 per Cent. Prof. 1214. ...... 1031 ..... ......
Great Western 100
Ditto. New 17/... --. 15 ... .. 7% 734
Lancashire& Yorkshire 100 ...... 38,4 3812
Do. Fifths... lll4 l% ..... . ........ 114
Do. (W. Riding Union) 1114 —
Leeds and Bradford
London & Black wa11...11/. 6s. 3d... 4 14...... ..... ... 41%
London and N. Western 100 109,4 108% lO9
Ditto. New Quarters 12
London &S.WestQrn -100 ...... 601614 ED
Midland
Do., 50/. Shares ..... 30 - ... 3%
Norfolk ... .... -.100
Do. Guaranteed 512 pc. 5
North British ....... ... 25
Ditto Preference
North Staffordshire ... 17 LA 63/4% 6%
Preston & Wyre 25 ... ..
D 0.% Shares (A) lO - •.. l7
Reading, Guildford, and
Reigate
Shrewsbury mid Birm... 1314...... dis.. .....
Ditto, New Guaranteed 8
Louth W , -itsni
South Yorkshire, Don-
caster, and Goole l4
York, N ewcaade, and
Berwick. .... ... ........ 25
Do. Newcastle Eaten, 20
Dc'. G.N.E.Preterence 8 ... - 3 2'14

FOREIGN RAILWAYrf.

P
1/2 P

9:4,8
14%

Luxembourg
Paris and Rouen: 2O ...—. 215Ai 22
MINES.

lie
22

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