The Sun.
London, England, 1845-05-30 00:00:00

S N, LONDON, FRIDAY EVENING, MAY 30, 1845.

precipitating the loss of our national independence at one
of the most eventful crises in the history of all European
States, we might allow that, even if the suspension of
payments in gold were desirable on very many grounds
of public interest, as well as convenience, it would have been
unjust as well as impolitic to resort to it. But the dangers
which hung over us, at the period in question, are no
longer matters of hypothetical assumption. We have
learned from the highest, as well as the most authentic
sources of contemporary history, that they were not
exaggerated by the fears of eminent statesmen of all
parties in this country at the time, and cannot be now
explained away. But when it is in vain to deny, that
notwithstanding the temporary depreciation of the Bank
of England's paper and the public securities, which a
measure so novel and alarming at its first an-

nouncement produced for the credit not only
speedily rallied, but enlarged and consolidated its own
bases in a degree without precedent or parallel after the
restriction of 1797, and maintained itself upon them

throughout the war, increasing instead of diminishing
its resources from its ccmmencement—when it is recol-
lected that the Bank of England itself, in the same in-
terval, has attained a height of unexampled prosperity,
credit, influence, and power, which may be said to extend
themselves throughout the entire world of commerce,
we are at a loss to see how the measure by which alone

its vitality was, or could have been preserved, can now
be impugned. With its vitality the existence of
British independence was then, in a manner, borne
up. No men can more decidedly condemn this

too intimate alliance between the great money.

power of private capitalists and the Government than we
do ; but that was then the condition of things with which
the Ministers of the day had to deal. But if the Bank

Restriction Act was thus a measure of great state ne•

cessity, we can scarcely visit it with the severe reproach
of having produced prejudicial effects on the state of our
industrial community, from which they have never since

giving as certain the news that the abdication of Don
CARLOS has been sent to the French Government.
He at the same time demands that he shall be at

liberty to sojourn wherever he may think fit. The
French Government received by the same courier an ap-
plication from the son of Don Can Los, for passports to
Spain, as a subject of ISABELLA."
The KING and Royal Family were at Fontainbleau, and
no reply would be given to the application till his MA-
JESTY returned to the capital.

The Moniteur publishes a report to the KING from
the Minister of Justice on the administration of civil
and commercial justice for 1843, of which the following

Ls an abstract :

"In 1843 the number of suits before the civil and com-
mercial tribunals was greater than in 1842. In the former
the increase was 5 per cent., and in the latter 10 per cent.
The number of causes before the commercial tribunals in
1841 was 159,188 ; in 1842, 165,814 ; and in 1843,
176,450. In 1842 there were formed 2,396 com-
mercial societies, viz., 1,902 en nom collectif, 324 en
commandite, 151 societes par actions, and 18 societes
anonymes. Of this number 2,395,733 were in Paris, 209 in
the department du Rhone, 148 in the Seine-Itarieure, 98 in
the Nord, 92 in the Gironde, 91 in the Bouches-du-Rhone
and 46 in the Loire-Inf6rieure. The number of declared,
failures which in 1842 was 2,419, rose in 1843 to 3,071. The
assets of 110 of the bankruptcies, the accounts of which were
closed in 1843, were entirely absorbed by the privileged cre-
ditors; the dividend in 25C1 bankruptcies was under 10 per
cent. ; in 910 it was from 10 to 25 per cent; in 26, 50 per
cent ; in 423, 51 to 75 per cent., and in 63 it exceeded
75 per cent. The debts in 1829 of the bankruptcies closed
in 1843 amounted to 105.116,436 f. In 152 they were all
under 5,000 f. ; in 304, from 5,000 f to 10,000 f. ; in 958,
50,000 f. ; and in 212, from 50,000 f. to 100,000 f. In 203 the
debts exceeded 100,000 f.
The Three per Cents. closed on the Paris Bourse, on Wed-
nesday, at 85f. 85c. ; the New Loan, at 86f. 10c. ; the Five
per Cents. at 121 f. 75c. ; Orleans Railroad Shares, 1,231 f. 25c, ;
Rouen, 1,102 f. 50c. ; Vierzon, 830 f.; Havre, 882 f. 50c. ; Avig-
non, 1,050 f. ; Basle, 268 f. 75c. ; Spanish Actives, 3914 ;
Spanish Three per Cents., 41%; Spanish Passives, 7%.
The following are the quotations for the new lines:—

Orlear.s and Bordeaux, 2151. premium ; Boulogne, 1051.
ditto ; Troyes and Montereau, 45f. ; Paris and
Lyons (Laffitte), 17f. 50c. ; ditto (Calon), 2f. 50c. ; ditto (Gan -
neron), 10f. ; Northern line (Laffitte), 35f. ; ditto
(Rosamel), 81. 50c. ; Tours and Nantes (Mackenzie), 7f. 50c. ;
ditto (Drouillard), par; ditto (O'Neill), 12f. 50c. ; ditto
(Jacques Lefevre), par; Lyons and Avignon (Lecointe), 17f.
50c.; ditto (Talabot), 35f. ; ditto (Compagnie Meridionale),
10f. ; Bordeaux and Toulouse (Mackenzie), 4f. ; ditto
and Cette ( Espeleta), 10f. 50c. ; Creil and St. Quentin, If. 50c. ;
Paris and Strasburg (Ganneron), 12f. 50c.

LLOYD'S SHIPPENTG.-(THIS DAY.)
LONDON, MAT 30. —Wind Northerly, fresh breeze, and fine
clear weather.
DEAL, MAY 29, P.M.—Wind N.N.E., moderate.—Sld.
George Armstrong, Calcutta; Nelson, St. Helena; Prince,
River St. Lawrence.
NEWPORT, MAY 29.—S1d. Favourite and Flott, St.
Thomas.
OFF THE WIGHT, MAY 25.—H. R. Patel, for Port Ade-
laide; Auguste, Bahia, for Gothenburg.
OFF PIAMOUTIL—PaouIi, Welsh, Richmond, for Havre.
OFF 'rim START, MAY 21.—Jules, Porto Rico. for Havre.
OFF THE LIZARD, MAY 26.—Mexico, Guadaloupe, Havre.
OFF SCILLY—Sea, of Halifax, Trinidad, for Liverpool.
OFF PORTLAND, MAY 27.—Princess Sophia, Batavia, for
Rotterdam ; Turbo, Boston, for Hull.
OFF WATERFORD, MAY 26.—Huron, Apalachicola; Com-
madore, of Jersey, Valparaiso ; Leonora, Charliton ;
Eliza-
beth King, Barbadoec.
OFF SALCOMBE, MAY 28.—Isabel, Mauritius.

EPSOM RACES.
(THIS DAY.-BV EXPRESS.)

THE OAKS STAKES

Of 50 sovs. each, h ft, for three years old filiies, Bst 71b,
each; the owner of the second
_filly to receive 100
sovs. out of the stakes, and the winner to pay 100
sovs. towards the police regulations of the Course.
Last mile and a half. (129 Subs.)
Duke of Richmond's Refraction (Bell) 1

Mr. R. Bennett's Hope (Marlow) 2
Major Yarburgh's Miss Sarah (Holmes) 3
Mr. Worthington's Lancashire Witch...(Templeman) 4

Won by two lengths.
The following also started, but were not placed:—

Lord Chesterfield's Lady Wildair (Whitehouse) 0
Mr. Gully's Maid of Orleans (J. Day, jun.) 0

Mr. Armstrong's Venus

.. (Murphy) 0

Lord G. Bentinck's Miss Elis (W. Howlett) 0
Mr. Rogers's Glee (Bartholomew) 0
Lord G. Bentinck's Rose of Cashmere (Ealing) 0
Mr. Liley's Stamp (Robinson) 0

Sir G. Heatheote's La filly mal gardi filly (Chapple) 0
Lord Eglinton's Plaudit (Marson) 0
Mr. Blake's Erent..
Mr. J. B. Mill's Giantess

Sir C. Moncles fby Physician, out of Castaway (Lye) 0
Mr. Osbaldeston's The Fickle Wild, Rose (W. Butler) 0
Mr. Bowes's Heather Bell
Mr. Howe's Caroline (Sly) 0

Colonel Peel's Hersey (E. Edwards) 0

Air. Wagstaff's Queen of Cyprus (Buckle) 0

Twenty-one ran.

MONEY and COMMERCIAL NEWS.

CIIY, QUARTER TO THREE.

In the Liverpool Cotton Market yesterday the sales were
8,000 bags, including 500 on speculation, and the rest to the
trade. The market was steady, at previous rates. 1,200
bales Maranharn realised 4d. to sd. ; 400 Surat, 21/2d.
to 3d. ; and 6,400 American, 3%d. to 43/4d.
per pound. A good business was done in Shares,
and the market generally had improved. Barns-
ley Junction„ Half Shares, 2%; Birkenhead and Che-
shire Junction, 9 ; Belfast and Ballymena, 8% %;
Bolton, Wigan, and Liverpool, 13% • Caledonian, 9% ;
Chester and Birkenhead,
Cambridge ;
26% ; Churnet Valley, 51A ; Cork
and Bandon, 8% ; Dundee and Perth, 3%; -Eastern
and
Counties, 18% ;- .Edinburgh and Glasgow, 66 ; Ditto, Quarter
pitto,
half Lin
Shares,col n 6% 7/8
Shares, 161/1„ ; Ditto, New Quarters, 6% ; Glasgow and
Dumfries, 2% 78 ; Grand Junction, 232%; Ditto, New
Quarter Shares, 4731 ; Ditto, Eighth Shares, 20%; Great
North of England, 30/. Shares, 36 ; Great Western, 188 ;
Ditto, Half Shares, 1051/z 7 ; Ditto, Fifth Shares, 42 %;
Goole and Doncaster, 1%; Huddersfield Canal and Railway,
210;
7% 7 ; Inverness and Perth, % dis. ; Leicester and Birming-
ham, ss. Gd., ss. ; Limerick and Waterford, 8 71. 18s. ;
Liverpooliiver p
o oand Manchester,
sk
Ditto,ir,a2
n d3l. Preston,Shares,
ha re 2%; London and 37%; Bir-
mingham,s Ditto, New Shares,
46%; Ditto, Quarter
Shares, 341 34 ; London and South-Western, 79 1,2 ; Lon-
don and York, 4% ; Direct Northern, 665. ; Leeds and
Thirsk, 7%; Leeds and West Riding, 7%; Manchester,
Sheffield, and Midland, 6; Matlock and Midland, 378_
Midland Railway, 187 : Ditto, 401. Shares, 2434 %; Ditto,
Fiftieth Shares, 3%; Ditto, Consolidated Birmingham and
Derby, 149 8%; Newcastle and Berwick, 17 16%; Newcastle
and Darlington 5314. ; Newry and Enniskillen, 4; North
British, 21%; Darlington,
Half Shares, 5% % •, North Kent, 5;
North Union, 148; North-Western, OA %; Oxford, Wor-
cester, and Wolverhampton, 425., 435. 6d. ; Sheffield and
Manchester 123 6 ; Ditto, Quarter Shares, 15 3A ; Shrews-
bury and Herefordshire, 103. 9s. ; South-Eastern and Dover,
43 ; Ditto, New Shares, No. 1, 15% % ; Ditto, No. 2, 1314 ;
Ditto, No. 3,7% ; Scottish Central -,
6 ; South Wales, 5%;
Trent Valley Continuation, 1% 1/4 ; Waterford and Kilkenny,
33/4 ; Welsh Midland, 215., 235.; West Yorkshire, 23
Northern of France (Laffitte's), 5%
Worcester and Tring, 4%; York and Carlisle, I 18s.
Boulogne and Amiens, 15: ; Great Paris and Lyons, 395. ;
Jamaica Junction, 2);
%; Ditto (Rosamel's 214 is ; Paris and Lyons (Laffitte's),
595. ; Paris and Strasburgh, 2%.
MANCHESTER STOCK EXCHANGE, MAY 29.-The sales are
-Barnsley Junction, 5 ; Ditto, Half Shares, 21,4 ; Bolton,
Wigan, and Liverpool, 1212 13 ; Cambridge and Lincoln,
6 13-16 ; Churnet Valley, 514 ; Clitheroe Junction,
1 15-16 13-16 prem. ;
Direct Northern, 3% 5-16 ; Eastern
Counties, New, 71. 3s. 6d. ; Ditto, Perpetual, No. 2, 225. 6d. ;
Erewash Valley, 19% ; Glasgow and Dumfries, 2% % ;
Goole, Doncaster, Sheffield, and Manchester Junction, PA ;
Great Grimsby and Sheffield Junction, Quarter Shares, Iys ;
Huddersfield and Manchester Railway and Canal, 6% J/4 ;
Huddersfield and Sheffield Junction, 6% ; Leeds and Thirsk,
7% ; Leeds, Dewsbury, and Manchester, 81/ 5-16 ; Leeds
and West Riding Junction, 7 ' • Leicester and Birmingham,
Ils. 3d. prem. ; Liverpool, Ormskirk, and Preston, 535. ;
London and Windsor, 275. ; London and York, 4% •,
Manchester, Buxton, Matlock, and Midland Junction, 4 5-16
1-16; Manchester and Leeds, Quarter Shares, 213/ ; Ditto,
Sixteenth Shares, 8 ; Midland Railway Consols, 40. Shares,
241,4 ; North Western, 4 9-16 1,4 ; Preston and Wyre Ex-
tension, 21/8 .14.; Sheffield and Manchester, 123 ; South-
Eastern, 53 •, Ditto, No. 3, 7 1-16 ; Southport and Euston,
2% 13 -16 ; Wakefield, Pontefract, and Goole, 141%; Welsh
Midland, 114 prem. • West Yorkshire, 2%; Whitehaven and
Furness, 2% % ;ork and Carlisle, 20s. 17s. 6d. prem. ;
York and North Midland Extension, 17% ; Great Northern
Y
of France, English, 5%; Paris and Lyons, English, 2%.
A" Constant Reader" of the Sun, who writes from Liver-
pool for information respecting the Royal North of Spain
Railway, shall have all we are able to give him, but that our
reply may be more intelligible, we give some portion of the
queries addressed by the writer. He remarks-
"lt would be of great service to many of the shareholders
to learn some authentic information as to the ultimate pros-

pect of the undertaking. I am, as you may suppose, a
shareholder, and bought at a large premium, partly upon the
faith of the prospectus, wherein 14 per cent. was shown, and
partly upon the t espectability of the Directors, two of whom
—Sir Joshua Walmsley, and Mr. William Jackson (both
honourable gentlemen)—belong to this place, and the
former, I understand, has gone to Spain for the express pur-
pose of superintending the progress of the works—in fact, as
Resident Director.
" As it is possible that you may, through some of your
channels, obtain information which parties in the country
know nothing of, I have ventured to address you upon the
subject, in the hope of learning something not yet made
known."
The Royal North of Spain Railway, like most other con •
terns, has its advocates and opponents. The principal ob-
jections urged in .the City, irrespective of the alleged exclu-
sive allotment of shares, which, as our correspondent justly
says, has nothing to do with the merits of the line, are the
large sums reported to have been paid for the concession, and
the difficult nature of the country across which the railway
is to be carried, and which, in the opinion of many experi-
enced Spaniards here, is very great. However, Mr. Colville
ftnd the engineering staff which recently went out, will,
it is to be hoped, fairly ascertain how the matter stands, and
not undertake a task likely to result in loss to the share-
holders. Under all circumstances, the wisest course appears
to us to be, for present holders to keep their shares and await
the result, and for those not interested to have at present
nothing to do with them. Such a course as this is least
likely to hurt anybody.
The public securities have to •day been firm, though quiet.
Consols have realised 991/s to 99% for present transfer, and
99% for Account. Exchequer Bills have been at
60s. to 635. premium. The Government broker having
taken 21.000/. Bank Stock, the prices are firmer:at 210. New
Three-and-a-Quarter per Cents. are 1011,,E~ to 101%.
The Committee of Portuguese Bondholders are very pro-

perly calling the attention of their constituents to the sacrifices
they will make, by acquiescing in the new conversion, for
at:present they are guaranteed 3 per cent. until the year
1849 ; 4 per cent. from that time till 1853 ; 5 per cent. on to
1861 ; and 6 per cent. to 1883 ; after which they are to be
Five per Cents. permanently, whereas it is now pro-
posed to dock off all the back interest, and reduce
the Five to Four per Cents., making a loss to the bondholders
of 3,060,0001. Such of the bondholders as prefer four per cent.
at once in preference to Three per cent. for the next four
years, and then :a :steady [increase, will of course [con-
vert, but most of the influential holders, and Mr. Thornton
at the head, do not seem to be so disposed. The Stock to-day
is down to 661/2 and 66. Spanish Five per Cents. are heavy at
291/, and the Three per Cents. at 41%; Mexican are 37
to 37% ;:,,Chilian 99, and Brazilian 891/, ; Dutch Four per
Cents. are 98%.
In Shares there is a good deal doing, and many of the old
lines have again risen considerably; Caledonian have
rallied, as also one or two others of the Scrips Shares.

ONE CLOSING
PRICES OF BRITIS/I FUNDS. O'CLOCK. PRICES.
Bank Stock
3 per Cent. Reduced WA ysr 98
38
3 per Cent. Consols
New 314 per Cents .101%1A IA 10114
Long Annuities toexpireJan.lB6o 11 5-16% 11 5-16
Ditto 30 years, Oct. 10, 1859 ... 1111
Ditto 30 years, Jan. 5, 1860 ... 1114
India Bonds, 1,0001
Ditto under 1,0001..
South Sea Stock —
Ditto Old Annuities
Consols for Account....
Exchequer Bills, 1,0001., I%d.
Ditto 5001. .

Ditto Small — pm.
Ditto Advertised 5B 59 57 pm. 57

ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
Brazilian Bonds
Chilian Bonds 6 per Cent.— • • 99 99
Columbian Bonds, ex Venezuela — 15%
Danish Bonds, 1825, 3 per Cent BBl/ 88
Mexican, 5 per Cent. 1837 ......
Portuguese 5 per Cents. —
Ditto, Converted 66% 661/2
Spanish 5 per Cent. 1840.
Ditto 3 per Cent. •• 4l 41',41
Ditto, Account — 41%
Dutch, 2% par Cent .
Ditto, 4 per Cent., Certific 98% 98%
PRICES OF CLOSING
PAID. A ONE O'CLOCK. PRICES.
RAILWAY SHARES
Aberdeen
Binning. and Gloucesterloo 1361/2 137 135% 135%
Do. New
Birmingham and Ox-
ford Junction
Bristol and Exeter 7O -
_. ,

Do. New . 2 ..... 81174 81/2
Caledonian
Ditto Extension ...... 21,2...... 2:-511/2%
Cambridge and Lincoln 11/2 ...... 7
Chester and Holyhead... 15
Chichester and Brighton 10
Cornwall
Direct Northern
Direct Norwich
Dublin, Belfast, and
Coleraine
Dublin and Galway 2l/2 ...... ..•
Dublin and Mullingar... 2% 4% . ...
Eastern Counties 25 .... 181/45(, lB%
Ditto New 41. 16s.
Edinburgh and Glasgow 50
Ditto Quarter Shares 12%...... •......•
Great South. and West.
(Ireland)
Great North of Scotland 21/2 3
Great North of England..loo 25312
Ditto New
Ditto New
Great Western BO 2OO 203
Ditto 1/, Shares 5O llO 108 113. 113
Ditto Fifths
Guildford, Fare'm, Ports. 2% ... .. 5%
Hull and Selby 5O ... 107 108 ...... .. 108
Do. Half Shares
Lancaster and Carlisle... 20
London and Birminghm (5t0ck)...245 250 250
Do. New Thirds
Do. 1,/, Shares
London and Blackwall. 16/. 13s. 4d 9%14 9 %
London and Bright0n... 50
Do. New consolidated Bths 25 —
London and Croydon, 131. 15s. 9d.
Do. New l3s 4d — ..
..
Do. Guaranteed 5 per
Cent.
London and Greenwich 12/ 15s4d lOl/,... lO%
London and S. Western 41/ 6s 10d 79% ; 9 81 Bll/2
Do. Consolidated Bths 12
Do. New
. _ ....

London and York 2l/2 4 3%8
Londonderry & Coleraine 21/:!...... ..
Londonderry and Ennis-
killen
Lynn and Ely
Manchester and Leeds... 73 149 ...
Do. 1/2 Shares
Do. Quarters 2
Manchester and Birmin. 40
Do. New Quarters ... 2
Midland 100
Do. New

Midland, Birm., Derby...loo 150.152
Newcastle and Darling-
ton Junction ... 25 ...... 54 521/2 .........
Do. New Brandling... 10
Newcastle and Berwick 11/2 163/41/5 171/2 ...
Newry and Enniskillen. 21A~„
Newark and SLeffield .. 11
North British
Do. New
North Keut
4
North Wales _

Norwich and Brandon... 10' -
Do., New ... ..... ..... 1
Rugby, Worstr, & Tring 1
Scottish Central
Shrews., Wrolverhamp.,
Dudley, and Birm 2%. ... 51%
South Devon l5 ... 23
South Eastern & Dover 3312 s 4d... 431/23A. vt
Do., No. 2.
Do., No. 3
South Wales ..... ... 2%...... 5%1/2
Trent Valley 2 ...... 18%
Trent Valley and Holy-
head Junction
Waterford and Kilkenny 1
Yarmouth and Norwich. 20
York and North Midland 50 lO9
Do. 1/2 Shares
Ditto Scarboro' Branch. 25
Do. Selby
Do. Extension
FRENCH RAILWAYS.
Boulogne and Amiens
Bordeaux and Toulouse 2
Bordeaux, Toulouse, and
Cette
Great North. of France.. 4
Do. do. (Raiamers) 2
Great Paris and Lyons 2 ...... 1% •••
Jamaica Junction ll/2
Louvain and Jemeppe... 2 ... . 4%
Namur and Liege
Orleans and Bordeaux 2 ...... 10.r,i, ....... ....
Paris & Lyons, Laffitte's 2
Paris and Lyons, Gan-
neron's, ... .. 2
Ro'!al North of Spain ... 2 2 ....... .....
Sambre and Meuse . 4 —
JOINT STOCK BANKS.
National of Ireland l7l/2 2Ol/2

2 0 I/,_

HOUSE OF LORDS-(T HIS DAY

The House sat to-day to hear appeals, the Peers present were
Lsrd Brougham, Lord Cottenham, and Lord Campbell.
CAMPBELL V. CAMPBELL—JUDGMENT.
Their Lordships gave judgment in this case, reversing the deci-
sion'of the Court below, with costs.
AEDDIE V. HIGGINBOTIIAM.
The arguments in this case occupied their Lordships the re-
mainder of the day.