The Sun.
London, England, 1844-05-29 00:00:00

Miming tint

LONDON, WEDNESDAY, MAY 29, 1844.

"We freely confess," says a Whig Contemporary of
yesterday, " that the manner in which the ques-
tion of Ten Hours was treated in the House of Com-
mons was not such as to exalt the already low esti-
mate formed by the working classes of that branch
of the Legislature. Hopes were excited only to be
disappointed ; votes were given only to be rescinded;
allegations were made and contradicted ; statis-
tics were confronted with statistics ; speech
answered speech ; but there was nothing
throughout the whole controversy which conveyed
the impression of calm, deliberate, investigation and
decision. The House of Commons has exhibited
itself to the country as dealing with a great question,
first in the spirit of rash meddling, and then timidly'
shrinking from it under a vague apprehension of
consequences." This stringent censure more parti-
cularly applies to the Conservative portion of the
House—to that selfish, short-sighted, unscrupulous
faction—for, however numerically strong, they
scarcely deserve the name of a party—who first
voted one way, with a view to bully, and frighten, and
revenge themselves on the manufacturers, and then
voted just the contrary way, from a discreet
apprehension that their own interests might be en-
dangered by their consistency. In the whole annals
of political tergiversation, we know of nothing so
utterly indefensible as this recent wholesale apostacy
of the Conservatives—an apostacy for which they
did not even deign to apologise, but which they
seemed to look upon quite as a matter of course, as
a laches to be expected from them, and quite natural
and justifiable under the circumstances in which
they were placed. With what sovereign con-
tempt must not the working-classes henceforth
regard this trimming, cowardly faction ! With what
freezing indifference—not unmingled and unquickened
by a fierce despair—must they not regard every
future measure which receives their sanction ! Though
strong just now in point of mere numbers, the Con-
servatives have not the slightest moral influence. No
unprejudiced man has the slightest confidence in
them—no thinking man cares two straws for what
they say. Bad as the Tories were, these, their illegi-
timate successors, are a thousand times worse; for the
former were at least manly, consistent, and
intelligible in their conduct ; whereas the latter
fling all ideas of consistency to the winds,
and speak and act under the influence of no more
generous motive than that of pleasing their task-
master, whom, nothwithstanding their subserviency,
they hate with as much intensity as the Devil hates
holy water. Truly, it is a great credit to Sir R.
PEEL that he has manufactured such a sect out of the
shattered fragments of Toryism. The created are
well worthy of their creator, and deserve equally the
respect and admiration of the country. Both these
amiable parties just now find it their mutual interest
to profess a decided hostility to any further altera-
tion in the corn-laws. But having changed once,
and this without the slightest hesitation, on one of
the most important questions of the session, who shall
say that they will not change again? Who shall say
that when 'AIr.ViLLIEas next brings forward his motion
for the total and immediate repeal of the corn-laws
the Conservatives, with the ductile Premier at their
head, will not " go the whole hog" in company
with the Member for Wolverhampton ? There is
no speculating on the course of policy they will
pursue on any one public question, though the
probability is that if there be one course more
irrational and inconsistent than another, that is the
course they will lrmour by their adoption. Mean-
time, despite all their eel-like twisting and twirling,
and open and secret opposition, the Protection-
system, for which they have so ungrudgingly made
these stupendous sacrifices of character, verges
fast to its fall. Yes, the hour speeds on that is bear-
ing on its wings the doom of every species of mono-
poly. Conservatives themselves—such is the cruel,
necessity of their position—are made the instruments
of the overthrow of their own darling prejudices First,
they are compelled to concede a tariff; next, a Canadian
Corn Bill ; and before they have well get over the
shock of these afflictions, their inexorable task-master
exacts from them another sacrifice ; and, true to his
favourite system of expediency, which has ever a
discreet eye to the "pressure from without," will
never let them rest till he has wrung from their fears
and their subserviency such an alteration in the corn-
laws as shall bring joy to the heart of COBDEN, and
set the pulse of BRIGHT bounding within him like one
of the " little hills of Hermon."

In the due administration of the Poor-law, and the
efficient discharge of their duties who are entrusted
with the superintendence and protection, the manage-
ment and control of parochial paupers, every class of
the community has a deep interest. It is an interest,
indeed, much more immediate and absolute than cur-
sory observers can readily imagine. So long, how-
ever, as the inequalities of men's condition, and of the
means of maintaining themselves, remain as various
and as fluctuating as social constitutions have left
them—that is to say, subject to movements which
oscillate between the extremest points of opulente
and of penury—so long it is the obvious policy
of the fortunate few to consult the feelings
whilst they relieve the wants, to respect the sufferings
whilst they impose, for the sake of order and decorum,
some necessary restraints upon the personal freedom,
of those whom poverty or bodily infirmities have ren-
dered incompetent, of themselves, to alleviate those
sufferings or to supply those wants. It is the interest
of the few who enjoy the advantages of competence or
the luxuries of wealth to conciliate the many who
cannot command the one, and know the other but by
name. The neglect of this principle is calculated to
precipitate events, the issue of which must always Fe
far more disastrous to the possessors of property than
to the victims of poverty. But its reckless and open
violation can work to no other result than to encou-
rage, in the pauper masses, the growth of feelings to-
wards the owners of capital, or of the property it com-
mands, which, if not checked by the timely manifes-
tation on the part of the latter of a willingness to
relieve all wretchedness that is not culpable—to a cer-
tain extent, fairly defined and honestly and impar-
tially acted up to—may eventuate, at any moment, in
some appalling and destructive collision of antagonist

the prey of the English;. Cashmere and the mountain
will remain with Huta. SINGU and his family."
The Constitutionnel states that M. GUIZOT has pro-
tested, in the name of France, against the incorpora-
tion of the Texas with the United States. "This act,"
it adds, "does not surprise us as it is much more con-
formable to the policy of England than of France."
These papers furnish no later accounts from Switzer-
land. On Sunday, the Three per Cents. were done
at 84f. 65c.

MONE Y AND COMMERCIAL NEWS.

CITY TUESDAY EVENING.

There has been a sudden decline in Consols this
afternoon, purely the result of the turn taken by the
settlement, the losing party having to sell. The latest
bargains were at 99+ for transfer, and at 991 for
time. Exchequer Bills were dull at 71s. to 735. The
heavy investments did not share the re-action, which
was only attributable, as above remarked, to speculation.
The Foreign Securities did not alter materially from
the morning. Spanish Five per Cents. were 23i to
and the Three per Cents. 35+ to 35 being for the latter
a slight decline. Mexican Bonds were steady at 358.
and Brazilian at 81 to 811.
The additional transactions in Railway shares have
been these :—Dublin and Cashel were 3 ; Edinburgh
and Glasgow, Quarter, 4 ; Great Western, 43 ; Ditto
Half, 24+ ; Brighton Loan Notes, 18 ; Greenwich Pre-
ference, 8 ; South-Western, 46* ; Midland Counties,
Quarter, 7 ; Northern and Eastern, I LI- 8 ; South-
Eastern, 2+ ; Ditto New, 51 ; Trent Valley, 71 ; Yar-
mouth and Norwich, 3 ; York and North Midland, 66
to 67 ; Ditto, Half, 33 ; and Rouen and Havre, 11
premium ; Great North of England, 1 : Brighton, 48 ;
and Greenwich, 51 to * discount ; London and West-
minster Bank shares were 7 premium.
The exchange on Paris, Hamburgh, and Frankfort
was rather heavy, and on Antwerp a shade better than
last post day.
The following is the official return of the exports of
the precious metals for the week ending Thursday
last :

Gold Bars to Iramburgh
Gold Coin to Ditto 4lO oz.
Silver Coin to Rotterdam' 13,000 oz.
. Specie to Ceylon . 1001.
Bullion to Ditto
(From The Sun of Last Night.)
.The sales of Cotton at Liverpool on Saturday were 3,000
bales at previous rates.—Shares were better. Birmingham
and Gloucester Quarters were 22i ; Caledonian, 4; Eastern
Counties, 11A ; Birmingham, 225 ; Brighton, 46i ; South-
Western, 87 ; South-Eastern, 37 ; Paris and Lyons, 3-4 ; Trent
Valley, 9 ; Paris and Orleans, 39a.
We are again without arrivals to-day.
A plan is on foot for establishing steam communication
from Panama to Lima, thus completing the line on the
western coast of South America as far as Valparaiso. The
energy and experience of Mr. Wheelwright, who has already
linked the first part of this substantial chain, is directed to
the connection of the further portion ; and for the interests
of commerce and civilisation it is ardently to be desired may
prove successful. In fact, we believe there is very little
doubt of this, as Mr. Wheelwright has addressed'a letter to_
the merchants trading with South America, to inform them
of • the forwardness of his arrangements which will enable
him to commence operations, it is hoped, early in the year
1845. Our commerce and influence have already been ad-
vantaged by the boon we have conferred upon Peru and
Chili, but yet more important results will follow from the
completion of the line, as there will be a communication
carried on across the Isthmus of Panama, both for goods and
passengers, which can be conveyed to that part of
South America by the West India Royal Mail steamers.
It is important • also to remark that the route to
Australia and 'Canton will also be reduced by this
new steam communication, as from England via Panama and
Lima to Sydney; will be less than 13,000 miles, and. to Can-
-ion under 15,000 miles. As regards the latter, however, the
-overland mail would always exercise the pre-eminence. As
upon a former occasion there appeared in another part of The
Swu a very ample review of Mr. Wheelwright's pamphlet,
and of his position towards the Pacific Steam Company, it is
unnecessary further to comment upon that, and we are glad
-to find by that gentleman's letter that he is likely to make
'satisfactory arrangements for co-operating with his former
allies. _ _

The Funds are to-day influenced but slightly by the set-
-Cement of the Consol Account, although there is a tendency
to a turn in favour of the buyers. There is a continuation of
about Ato July, Consols having been called 99a to for
Money, and 99'.' to for Account. There has been a money
bargain at 993. Exchequer Bills are 71s. to 735., and India
Bonds 925. premium. Bank Stock is firm at a further ad-
vance of to 1 per cent., being 199 ; and East India Stock
has risen to 288 and 289. The New Three-and-a-Half per
Cents. are 102 k to 4.1-.
The Foreign Market has been dull again, and Spanish
Bonds droop. The Five per Cents. are 23i ; and the Three
per Cents. at 35a to 4. Portuguese Converted Stock has
been marked 46,t to 12, and is dull ; Colombian Bonds are 14
to a ; Chilian, 103 ; and Brazilian, New, 7711 ; Dutch Two-
and-a-Half per Cents. are firm at 61a.
The Railway Shares are not very brisk. South-Eastern
and Brighton are rather lower; and Birmingham and South-
Western steady-.

MANCHESTER STOCK EXCHANGE, MAT 27.—There is 710
material change in our market to-day. Eastern Counties,
-Old, 114 ; Ditto, Perpetuals, No. 2,10 s. 6d. premium ; Man-
chester and .Birmingham Quarters, 4i. ; Huddersfield Ca-
nals; 21a.
CLOSING PRICES.
BRITISH FUNDS.
Bank Stock
3 per Cent. Red. 98% Ditto Bonds .... .. . ...... .. 92 pm
3 per Cent. Cons.
.334 per Cent. Re 1 lOl% Ditto New Annuities...
New 334 per Cent. 1623y Ex. Bills, 1,0001. 11id... '7l pm.
New 5 per Cent.... ....... . Ditto 5001
Long Annuities to expire Ditto Small 7l pm.
Jan. 1860 . 1134 Bank Stock for Acct....
Oct. 1859 Consols for Acct. ...... ... 9934
Jan. 1860 India Stock for Acct.... 2•:9
FOREIGN FUNDS.
Austrian, 5 per Cent ...... ... !Portuguese, 5 per Cent —
Belgian, 5 per Cent — ;Ditto, New Ditto
Brazilian Bonds
Buenos Ayres, 6 per Cent... ,Russian, 5 per Cent IIBIA
6 M
Chllian, per Cent lO3 Ditto, etallic —
Colombian, 6 per Cent
Ditto, 1824 — ,Ditto, 3 per Cent ...... ......... 35'
Cuba Bonds, 6 per Cent — !Ditto, Deferred 35%
Danish, 3 per Cent
Greek, 18-5, 5 per Cent — Exchange .... . , ....... ........f; _..,
Mexican, 5 per Cent
Ditto, 6 per Cent., 183.7 — ;Dutch, 234 per Cent...... 611 A
Peruvian, 1625, 6 per Cent — Ditto, 5 per Cent .........100%
SHARES.
Dublin and Cashel, 234 paid
Edinburgh and Glasgow, 50 paid
Ditto Quarter Shares (12% paid) 16%
• Great North of England, 100 paid
Great Western (75 paid)
Ditto Half Shares (50 paid)
London and Birmingham (Stock)
Ditto. New Thirds, 2 paid
nWice (121. Us. 4d. yoaid)...
...
(411. 6s. 10(1. paid)
. ..
87
37
Ditto, Quarter Shares ( 2 paid)
11
London and Brighton (50 paid)
Ditto Loan Notes, 10 paid %
(Trunk)
18%
LoCondos
London London
Northernd n aaa
nnnadddn
dc SouthG
rr
°e
Easternye
t Greenwich
nh stern
(45 paid)
South Eastern and Dover (33 2s 4d paid) ......
Ditto 'New Shares ( 4 paid)
Trent Valley, 2 paid 1,5
Yarmouth and Norwich (18 paid)
York and North Midland (50 paid) ll6
Ditto Half Shares, 25 paid
Rouen and Havre, 8 paid .................. —. ...
COURSE OF (EXCHANGE.—(YESTERDAY.)
Amsterdam CF. 12 6 Gibraltar —
Ditto, at 5ight......... 12 4 Leghorn 3O 45
Rotterdam 2U. 12 si Genoa 25 90
Antwerp .. • ............ 25 90 Milan —
Hamburgh M.B. 13 14 Venice 47
Altona l3 14i Naples 39
•••••••• ..........
Paris, 3 days' sight 25 65 Palermo, per oz ll7
Ditto, 3 months...... 25 85 Lisbon 54
Marseilles .... .......... 25 90 Oporto 534
Bourdeaux ............ 25 90 Rio Janeiro 23
Frankfort on Maine.. 122 Bahia 23
Petersburgh, :3 Us... 36i Buenos Ayres —
Berlin 7 NewYork,2ldyssight
Vienna, effee. fl. 331 953 Philadelphia —
..
1 riste ditto ......... ...9 54 PRICES OF BULLION, PER OZ.
Madrid 37: Foreign Gold, bars. 5.3 17 9
Cadiz
Ililbao 36 New Doubloons..... 0 0 0
Barcelona 36 New Dollars 0 4 9a
Seville Silver in Bars 0 4 11i

SOUTH LANCASHIRE ELECTION.
STATE OF THE POLL.
MANCHESTER, MONDAY MORNLNG.—The election com-
menced this morning with great spirit on both sides, and the
streets, especially since nine o'clock, when the polling com-
menced, have been unusually crowded with people in a state
of much excitement. The district of Manchester contains
41 townships, and 4,593 voters, of which the township of
Manchester has 1,385, and of the remaining townships about
seven more are purely manufacturing, and 33 either alto-
gether agricultural or partially agricultural and partially
manufacturing places. The manufacturing townships alto-
gether contain about 2,800 voters out of the 4,593.
NEWTON, MONDAY, 9 P.M.
STATE OF THE POLL—FIRST DAY.
Districts. Brown. Entwisle.
New ton ... 419 778
Ashton
Bolton
Bury
Manchester
Oldham
Rochdale
Liverpool
Ormskirk
Wigan

5,702

5,364
Majority for Entwisle, 338.
Mr. Brown's Committee here have issued a placard stating
the numbers to be—for Mr. Brown, 4,436 ; and for ➢ir.
Entwisle, 4,360.

A DuEL.—One of those stupid modes of adjusting
a dispute; called " affairs of honour," came off in the vicinity
of Bristol, on Saturday morning, between Mr. H— and
Mr. W—. The cause of quarrel has been variously stated.
A correspondent of the Bristol Gazette asserts that the balls
used were made of bread, coated with black lead, and adds,
that one o(tlie belligerents made his will, bequeathing 3001.
to his advetsary.—Keene's Bath Journal.
Several ships are fitting out at Sunderland for the
coast of Africa, to bring cargoes of guano to this country.—
Durham Advertiser.
IMFROVEMENT OF KIRXDALE.—Within the last few
months several hundred dwelling-houses have been erected
in Kirkdale. The recently, open ground about St. Mary's
Church is covered with neat cottages, and all tenanted. Be-
tween the village and Bootle-lane, Mr. Duckworth has laid
out a very picturesque and elegant little square, surrounded
with villas of great taste, and not more tasty. than convenient.
The cry is still more neat and small houses in the environs of
itnhteotpourwiei,aainr......Lvp
dweitarre goolaidjotoursneal.
e all who can afford it remove
ALARMING FIRE.—On Monday morning, shortly
before five o'clock, a fire, which occasioned very considerable
alarm, broke out in the Rodney's Head public-house, occu-
, pied by, Mr. Fraticom, situate in Little Suffolk-street, South-
wark. . With all speed three engines were at the scene, with
the. firemen. There being a good supply of water, the hose
were' carried into the flaming premises, and placed in sup ti a
position as to throw a great body of water upon the fire,
which quickly extinguished it, but not before the EU:tease,
with the flooring, joists, &c., were consumed, about one .fifth
of the roof burned off, and the rest of the building, and' fur-
niture greatly damaged by water and smoke. Bi r. Prancom
is fortunately insured in the Licensed Victualler' Fire Office.
During the fire it is supposed that some villains entered the
bar-parlour, and stole therefrom cash to "Ile amount of up-
wards Of 301., the cash-box being found on the floor, forced
open, and emptied of its contents. The lanssi had only been
recently fitted up and greatly improved.

rHE SUN, LONDON, WEDNESDAY MORNING, MAY 29, 1844.