The Sun.
London, England, 1844-11-02 00:00:00

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THE FUNDS-(C

()SING PRICES).

BRITISH
Baiik div. 201,
3 per Cent. Cons. ............ 991
3% per Cent. Red
New 354 per Cent............. 101%
New 5 per Cent................
Long Annuities to expire
Jan. 1880 ..... 12
Oct 11%
Jan. 1880.............. 12%
Indian Stock. .... •••••••••••••••• ••••
FOREIG
Austrian, 5 per Cent —
Belgian, 5 per Cent
Brazilian Bonds 86%
Buenos Ayres, 6 per Cent
Cuba Bonds, 6 per Cent
Chllisn, it per Cent
Colombian, 6 per Cent
Danish, 3 per Cent
Greek, 184, 5 per Cent...— —
Mexican, 5 per Cent 34%
Neapolitan Bonds, 5 per Ct —
Prussian Bonds, 4 per Cent —
Peruvian Bonds, 6 per Ct —
Portuguete Bonds, 5 per Ct

FUNDS.
Ditto Bonds 90 pm.
Ditto under £l,OOO 6B pm.
South Sea Stock
Ditto Old Annuities
Ditto New Annuities
Ex. Bills, 1,0001. I)id - .
Ditto 5001.
Ditto 68 pm.
Bank Stock for Acct —
Consols for 100
India Stock for Acct —
si FUNDS.
Russian, 5 per Cent............
Ditto, Metallic
Vanish, 5 per Cent., 1840... 227 s
Ditto, 1842.......... ......
Ditto, 1843.....•..•.—.•..•..•• •
Ditto, 1841
Ditto, 3 per Cent 354
Venezuela Bonds, 2 per Ct —
French, 5 per —r
French, 3 per Cent...—. 811 5O .
Exchange 251. 60,
Dutch. 234 per Cent .. 62%
Ditto,:s per Cent 99

SHARE&
Birmingham and Gloucester (100 paid)... ...... .... 105
Bristol and Exeter (70 paid)
Bristol and Gloucester, 30 paid
Caledonian (5 paid)
Chester and Holyhead ( 5 paid)
Churnet Valley, 2 paid
Eastern Counties (25 paid)
Ditto Perpetual, 5 per Cent.,l/13s4d. paid,No. 1 %
Edinburgh and Glasgow, 50 paid 60%
Ely and Bedford, 1 paid 1 17
Great Western (75 paid)
Ditto Half Shares, 50 paid............
Hull and Selby, 50 paid 67
Kendal and Windermere, I% paid..- .........
Lancaster and Carlisle, 10 paid
London and Birmingham (Stock)
Ditto, Quarter Shares ( 2 paid)
London and Brighton (50 paid) ....... ...... ..
London and Greenwich (121. 15s. 4d. paid) .....
Diito, Preference or Privilege, .£lB 178 2d paid 22%
London and South Western (411. 6s. 10d. paid)
London and Croydon
Ditto Guaranteed, 5 per Cent., 2 paid 2%
London and York, 2% paid 3%
Manchester and Leeds (70 paid)
Ditto, Half Shares, ::0 paid 47
Manchester and Birmingham
Midland (100 paid)
Newcastle and Darlingron Junction, 21 paid
North British, 5 paid
Norwich and Brandon, 6 paid ll
South Devon, 10 paid 12%
South Eastern and Dover (33 2s 4d paid) .....„ 42
Ditto New Shares, 4 paid
Trc nt Valley, '2 paid B%
York and North Midland (50 paid) lll3y
Ditto Half Shares ('25 paid)
Ditto Scarboro' Branch, 10 paid
Ditto, Selby Scrip, 20 paid 75%
Central of France, 2 paid 4l,(r
Ditto Constituted 9%
Boulogne and Amiens, 2 paid ~......... ..... .
Orleans, Tours, and Bourdeaux, I paid .....„
Faris and Lyons, 2 paid ...... 3
saris and Orleans (20 paid) ...
Paris and Rouen. 20 paid

OXFORD, Nov. 1.--The Rev. W. Goodenough
Penny, M.A., Student of Christ Church, and Perpe-
tual Curate of Ashendon, Bucks, has resigned his
studentship, on conforming to the Roman Catholic
faith. It is also announced, and the intelligence has
produced a deep sensation, that the Rev. John Henry
.Newman has intimated to the Rev. Mr. Williams,
the late candidate fur the Poetry Professorship, the
impossibility of his continuing a member of the
Anglican Church.

SPIRIT of the PUBLIC JOURNALS.
FROM THE EVENING PAPERS OF THIS DAY.
GLOBE.—If Government be not positively im-
pervious to the lesions derived from well-ascertained
and established facts, obtained by an investigation
con.lucted by a Select Committee of the House of
Commons which sat in the last session, the duties
on tobacco must undergo an early revision, with
a view to a material reduction of their present
enormous amount. This course is not merely
dictated by sound policy; it is demanded by stern
necessity. The contraband trade has increased so
steadily—it has acquired a system so perfect, and an
extent so enormous, that its precautions against de-
tection bid defiance to the regulations of the Excise
and the vigilance of the Coast-guard. The revenue
is robbed to an enormous extent ; and the fair trader
..is gt length, either reduced to the alternative
of becon2ing a guilty participator in the illicit
traffic, or he is involved in ruin, through in-
. ability to compete in the market with the
.low: prices at which the smuggler can
afford to supply the article. Within the present week,
a tobacco and snuff-manufacturer (named Thomas)
carrying on business in Ratcliff-highway, appeared
at Lambeth-street Police-office to answer two infor-
mations, charging him with having on his premises
1733-lbs. of smuggled tobacco, which had been
found by the Customs' officers on thesth and 7th ult.
The truth of the charge was admitted by the de-
fendant, who stated, in excuse, in the first place,
that the house in which he had resided and carried
on business had been upwards of half a century in
his family ; and that such was the competition in his
business at present, through the means resorted to by
smuggling and adulteration, that goods were sold for
much less than they could be fairly manufactured for.
He should, therefore, throw himself upon the consi-
deration of the Court.
" Mr. Henry—Then, what you mean to say is, that
you cannot carry on and live by your business without
smuggling ? Defendant—Why, Sir, I did not say that
exactly ; but I have said that there is so much smug-
gling and adulteration in the trade, that there is no get-
ting a living in a regular way."
The man was convicted in penalties amounting to
1681. 18s. sd. lie also stands exposed to proceedings
in another form, for having adulterated stuff in his
possession, on which he will be liable to penalties
amounting to 6001. Yet, notwithstanding the high
amount of penalties on detection, and the vigilance
of the Excise and Custom-house officers, it is
estimated that from twenty to twenty-five mil-
lions of pounds of tobacco are annually smuggled
into the United Kingdom—a larger quantity than
finds its way into the market in the legitimate course
of trade! The returns made to the Select Com-
mittee of the House of Commons to which we have
alluded, show, that with a population which has
doubled in numbers since the commencement
of the present century, the consumption of
tobacco on which the duty has been paid
has not increased in a proportion approaching to
that ratio. In the ten years, from 1808 to 1818, the
consumption of duty-paid tobacco was 189,083,261
lbs. ; while from 1818 to 1828 it was only 172,706,368
lbs.—showing a decrease on the whole of that
period of 16,376,893 lbs. The Committee remark,
that the decrease was greater by 6,000,000 lbs.
The obvious conclusion is, that this great decrease
in the amount of duty-paid tobacco consumed
was owing to the extensive smuggling, which
supplied the deficiency. If the twenty-four years
from 1820 to 1843 be referred to, it will be found
that the average yearly quantity of tobacco paying
duty was 19,916,893 lbs. This shows an increase
only of 1,818,5671b5., compared with the ten
years from 1808 to 1818. The evidence ap-
pended to the report displays a most instructive
comment on the system of high duties. The nu-
merous ingenious schemes to which the smugglers
have recourse to deceive the revenue officers, both
afloat and ashore—the desperate risks they encounter
—and the accurate calculations upon which they enter
as to the chances of detection, and the number of
" runs" which cover loss sustained by seizure—these
matters were detailed to the Committee by witnesses
who had themselves been actively engaged in smug-
gling, or had participated in the traffic, but who were
indemnified by the Committee against the conse-
quences of their evidence.
STANDARD.—The repeal faction in Ireland has
been so utterly routed and disgraced by the proceed-
ings of her Majesty's Attorney-General in that king-
dom—let us never forget to whom we owe so great
a service—that we should be ashamed to refer to their
ignominious overthrow for any less purpose
than to correct a serious error or to estab-
lish a useful principle in politics. Most of our
readers will recollect that up to the commence-
ment of the State trials last year, it was
the constant cry that Mr. O'Connell and his ac-
Qompliecs, priests and laymen, were not free agents,
that the people it was who urged them onward,
and the inference was not very logically drawn,
that to deprive Mr. O'Connell of the power of
controlling the people, by putting him into prison,
must lead to civil war and anarchy. This rea-
soning, did not, however, prevail with the Right
Hon. T. B. Smith ; he put Mr. O'Connell into gaol
—the luminary was eclipsed behind the walls of
the Richmond Bridewell ; but the threatened night
of anarchy did not follow; Nox nulls seeuta est. On
the other band, the obscuration of the portentous
star was followed by the most peaceful, the most
cheerful, and the most prosperous day in Irish his-
tory. True, he has been let back once mere
into our system ; but, like other comets,
he comes back shorn of his beams, and al-
most destitute of a tail, and no longer
"with fear of change perplexing kings," or any body
else— comes back, not merely to be comparatively
quiet himself, but to cause the quietness of others.
Now this very clearly proves the falsehood of the
notion that Mr. O'Connell was not a free agent last
year—demonstrates that it taxed all his energies and
all his audacity to excite the sedition of which
he was represented as the passive instrument.
The people are the same people who collected
at monster meetings, established arbitration courts,
promised to meet in
Queen's
Parliament on
with or without the College-green
hear any thing of these
rrtzot projects now ?
writ. Why do not we
people are afraid ? Because the
eaters,
could
1 hardly be
because the puni-hment ofthe case,
millions of reP
hardly reach the
m.enrese, we for-
weoh&ard
get how many millions, it is so long
of them. No, it is in truth because Mr.
sell is afraid, because he has had a sharp
hint that it is not safe to challenge the Governmentp
"go either to war with him or to law with
hirn"—because Mr. 'l'. B. Smith has shown
the danger of " hurling defiance at the Saxon"
that the repeal movement, monster meetings,
/Id all, are dead and gone. Now it is obvious that