The Sun.
London, England, 1845-01-09 00:00:00

THE SUN, LONDON, THURSDWY EVENING, JANUARY 9, 1845.

nimous feeling prevailed among that class in favour
of a total repeal of the tax; and at a special meeting
of the Warwickshire Association for the Protection
of Agriculture held at Warwick, on Saturday, the
following resolutions, amidst considerable opposition,
were ultimately adopted:—

" That it is the opinion of this meeting that the mal t-
tax is detrimental to the moral and physical comfort and
happiness of the industrious classes, and oppressive to
the agricultural interest generally. That the total re-
peal of the malt-tax would enable farmers to use the in-
ferior barley for feeding purposes in lieu of foreign oil-
cake and linseed, and thereby facilitating the means of
feeding cattle for the consumption of the increasing popu-
lation of this country.
" That, in or ler to carry out the foregoing resolutions,
this meeting firmly, but respectfully, calls upon the
county Members generally to support and advocate the
total repeal of the malt-tax, as being beneficial to all
classes of society."

It is probable that other agricultural associations
will follow the example, and Sir ROBERT PEEL and
Lord STANLEY will be compelled to throw these
gentlemen overboard, or yield to their wishes—that
curtail the revenue of about one-tenth of its amount,
repeal the Canada Corn Bill, and make the landed
interest, as in the days of PITT, the supreme arbiter
of national policy. Thanks, however, to the Reform
Bill, and the progress of free trade principles, these
days are gone by. A new race and a new era have
arisen. The aristocracy can no longer boast of their
pocket boroughs, and Birmingham, and Manchester,
and Leeds, and fifty other influential towns, have
now something to say in the great council of the
nation.

We have laboured very earnestly to produce a
conviction' on the minds of others which has long
possessed our own—namely, that the most alarming
symptom in our social condition is the absence of an
efficient principle of distribution in relation to our
unrivalled and perpetually augmenting power of
production. By means of the enormous masses of
capital accumulated in a few hands, we can set on
foot the most gigantic enterprises, in which, the
money basis being provided, the utmost ascertained
capacities of machinery and industrial:labour can be
developed to their full extent, and worked to the
utmost realisable profit. Thus it is we see in
England the most delicate and costly articles of
luxury, and fabrics of the cheapest and most inferior
kinds, produced with equal facility. The cotton
printing works, the silk factories, the power-looms,
the mills, continue almost uninterruptedly the process ,
of incalculably multiplying their various products,
and especially those commodities in the class of
cheap clothing and raiment which are most univer-
sally in demand. A comparatively small per centage
on the enormous capital sunk and weekly wages dis-
bursed by the millowner or the manufacturer, is found
a sufficient ratio of profit to maintain all these great
works and extensive machineries in motion. But the
result is not to " distribute" them among the great
bulk of the population. Least of all do those classes
which compose the industrial community benefit by
the low prices of the articles, of which their ow n
labour or supervision has been the main element in
the production. Their wages are so deplorably re-
duced that low prices do not extend to them that
power of purchase or consumption which high prices,
with whatever evils they may be in the opinion of
many authorities clogged, would certainly give to
them. The condition, then, of the industrial com-
munity is an anomaly no less positive than this—
extreme destitution, with low prices of all com-
modities and necessaries of life, in place of compara-
tive competency and comfort, under high prices, of
these articles. The explanation of the anomaly
consists in this fact—that the wages of their labour
are reduced in a far greater ratio than the prices of
such commodities. The numbers of hats, caps, coats,
gown stuffs, shirts, blankets, stockings, cotton goods,
may be all infinitely increased, and vastly reduced in
price, but the reduction of price only carries them
readily to the foreign consumer. Our own industrial
classes acquire but a very minute proportion of the
increase. A longer daily term of work, and di-
minished pay for the product, have paralysed their
powers of home consumption among the most meri-
torious, the most overtaxed, and the most underpaid
body of our native population.

An individual, who signs himself "MxLes EMERITUs,"
has addressed a letter to the Morning Post on the
subject of " Currency and Labour," which is a
sensible and well-reasoned paper, so far as it goes,
but which its able writer will pardon us for saying
does not go far enough. It enunciates several pro-
positions as to the baneful effects of Sir ROBERT
PEEL'S legislation on the market of labour, in almost
all of which we fully concur ; but, strange to say,
except that it contains one or two incidental
allusions to our " monetary system," it is utterly
silent as to the " currency." This is the more to
be lamented (in our judgment, at least), because
we hold the scheme of currency, established
through the immediate instratnentality of Sir
ROBERT PEEL, to be primarily responsible for
that depression of labour or prices of which
" MILES" complains. His premises are that the
nation is composed of two classes—those whose pro-
perty lies in their labour, and those whose propert,
consists in money or land ; i.e., the producing and
the unproducing classes. That to the welfare of the
former, as the more important, but the least at
leisure to watch their own interests, an enlightened
statesman will undoubtedly look, in the first place, as
a duty towards those who are themselves the founda-
tion and origin of all wealth and prosperity in the
State. That the latter class, in respect of their
more fortunate condition and superior education, he
may properly leave to take care of their own inte-
rests. But, contrary to the exigencies of these pre-
mises, the legislative consideration and attention of
the Premier, are, according to "MILES," exclusively
devoted to the interests of a section of the latter
class ; namely, the moneyed capitalists only.
" MILES" next assumes that the fixed, certain
liabilities of the State, amounting, annually, to about
50,000,000/., their pressure on the producing classes
must be inver:ely as the value of labour compared
to money—that is, that with wages of 2s. a day a
man can with more facility pay a fixed or given
amount of taxation than if he has only ls. a day for
wages. This, too, is very certain ; and "MILES"
justly infers, that to increase the value of money is
to increase the difficulty of meeting the additional
engagements. No doubt of it. But he might have
as well added that herein, also, is to be noted an
ingredient of enormous iniquity in Sir H. PEEL'S
monetary legislation. With this fired taxation all
other commodities but gold have a
_fluctuating value,
whether as to the relations between Government and
the people, or the people and the market of the
world ; and consequently they are all directly or in-
directly affected by taxation. Gold alone is, as be-
tween Government and people, estimated at a fixed
value, and the standard of. prices as to all other
articles is thus regulated by the fixed Government
value of gold. Now, if instead of this fixed Mint or
Government value of gold; which makes all other
prices cheap because itself is low, gold (already a
free commodity in the open market) were left to
fluctuate in price according to the laws of demand
and supply, like all other commodities, in trans-
actions of all kinds, it would be, like them, affected,
mediately or immediately, by taxation; and the
wages of labour would not be arbitrarily reduced to
the minimum scale, at which the Mint price of gold
has been so unwarrantably as well as absurdly fixed

by Sir R. PEEL. But what would in that case be
the result ? That capital would be taxed. The

capitalist would complain that the nominal amount of
. _

his securities in the hands of the Government or the

Bank of England could not be realised in gold except
at a certain per centage of depreciation. This is, in
fact, what ought to have been the case, and just
what Sir It. PEEL meant to avoid. The industrial

community, as we have often shown, pay at least
30,000,000/. of taxes out of their diminished wages
—diminished by the natural or gold prices established
1 by the Standard Mint price ofgold. The capitalist
gets for his gold, or paper convertible on demand, by
I law, into gold, so much a greater proportion of com-
Imodifies as is represented by the two elements--
first, of the proportion of the taxes, the bulk of
which, instead of the minimum, bas fallen on the
producing classes, whereas it should have fallen oy,
himself and his own class ; and, secondly, of their
cheaper cost to him, the consumer, by reason of the
reduced wages of production which the master or
manufacturer can afford to pay to the producing
operative, from the depreciation of prices caused by
the institution of a gold currency. Th. Act of 1819,
and its complement of 1844, are at theroot of the

whole evil. Repeal these; you will hare high prices,
high wages, equalised, or rather adjusted taxation ;
and capital will be made to bear its fair share—and
no more—of the public burdens. It is a mere ques-
tion of a tax or no tax, indirectly, upon money ;
when it is no question about taxing all other property
whatsoever. Why should gold money escape from
that slight contribution which the fluctuations of its
market price would occasionally levy upon it, as we
see in the case of all other commodities ? Why should
not paper money, the convenience and facilities of
which, on a well-matured and responsible system of
operation, no man disputes, be left to adjust its own
value, according to the de2ree in which it may secure
the confidence of the public ? A system, the expan-
sibility of which must provide the most certain
guarantees against those sudden and convulsive con-
tractions of the general circulation of the country,
which, since Sir ROBERT PEEL'S first experiment,
have been of such frequent and such fatal recurrence;
has, in that single quality, an irresistible claim on
our respect and consideration. But it has the evi-
dence of hundreds of years in its favour. It appeals
especially, for its testimonials of usefulness, and its
powers of multiplying wealth and expanding com-
merce—of consolidating the public strength, and se-
curing the power and permanency of political insti-
tutions, to the stormy trials and brilliant termination
of our last war with the combined Powers of Europe ;
to the unprecedented attitude which, in virtue of its
inexhaustible energies, we were enabled to assume
and to maintain, at home and abroad, a rallying point
and beacon for the encouragement of all who came
forward to participate in our victorious struggle
against the colossal force of NAPOLEON. On what
recollections does Sir ROBERT PEEL'S monetary legis-
lation repose for its proud history ? On the neglected
warnings of his father, the founder of his fortune ?
On the bankruptcy catastrophe of 1825 ? On the
desolating ruin which fell upon our mercantile interest
in 1838? On the past crises (as the disorganising
shocks produced by his charlatanism are gently
termed) ; or on those which are yet to come, like
the intermittent fits of a fever, as inevitable as they
are consuming ? Or does he rely on the praises
which posterity will accord to the generous Legislator
who propitiated all the possessors of ready capital to
the support, in 1819, of his own party—in 1844, of
his own Government—by the monstrous injus-
tice of mulcting the whole debtor and industrial
interest of the empire, for the benefit of those who
were mortgage and bond creditors, or interested in
shifting from themselves to others that burden of
taxes which the Legislature imposed, in contemplation
of its being borne by them ?

Accounts from Madrid of the Ist instant announce
that the meeting of the Chamber of Deputies had
been again postponed from the 2d to the Gth, at the
instance of the Finance Minister. This is not at all
surprising. To make a budget with empty coffers is
no trifling task, and may well require time. The
news in the Spanish papers, both of the capital and
the provinces, is generally without interest, but all
accounts agree in stating that perfect tranquillity
prevails. Despotism, therefore, it appears, suits the
taste of the Spaniards. They are quiet as lambs
under an absolute monarchy; and commit every extra-
vagance, issue pronunciarnentos, form conspiracies,
and set law and constituted authority at defiance,
when they enjoy the rights and privileges of freeman.
New Year's-day was observed as a holiday, and
the Bourse was closed.

We find nothing, new in the Paris journals, and
most of them are chiefly occupied with disquisitions
on the prospects of the Session. On Monday, the
Committee on the Address met, when M. GUIZOT;
Marshal SOULT, and, indeed, all the other Ministers
fit for duty attended and gave the necessary explana-
tions on questions of policy to which the KING'S
Speech refers. It was reported that M. GUIZOT had
announced to the Committee that England had agreed
to modify the treaties respecting the right of search.
The debate on the Address is looked forward to with
much iliterest, as explanations are expected both from
Count MOLE and M. TRIERS, which will show
whether the GUIZOT Ministry is endangered by
a coalition .with men professing different political
opinions, or is threatened from a higher
quarter. A very general belief certainly prevails
that tlet " Chateau" is not by any means an indif-
ferent or idle spectator in the combinations against
the .Man of Ghent." The Opposition journals,
however, seem to take little interest in the affair,
justly :foreseeing that if the KING wishes a change of
Minist;ry it is for some personal object, and that the
present policy at home and abroad will .be as effec-
tually maintained by MOLE and TILLERS as by
Guiv n: and SOULT. The National, for instance,
says there is not a whit of difference 'netween the
partie:s. Adverting to an article in the .Journal des
Debate on the subject, it thus takes a -view of the
policy :professed by the coalition, and punts some per-
tinent *questions, which it expects to be answered in
the co u rse of the debate :—" But has not the Journal
des Rthats justice on its side when it d emands that
the pre tenders should explain what !system they
themsehes intend to pursue ? This, in fact, is
the only matter in which the 'country is
interestei 1. Will Count MOLE, f' ir example,
engage to take advantage of the text of the
treaties oi' 1831 and 1833, to denounce them at the
moment when it will become necessary to renew the
licenses :furnished to the cruisers ? W e can under-
stand that he should refuse to explain himself with I
respect to facts ill-understood, and upon points of
policy not dearly explained; but this subject is sur-
rounded wit h light. Every one knows ',a ;hat France
wishes. Pu blic opinion, in common with the Cham-
bers, has de dared that the police to be c arried into
effect with 'regard to French ships should be placed
under the French flag. This must be done. Will
the preter tiers to office undertake to do so ? And if
they do nt it explicitly undertake to do so, but confine
themselves , to declare their intention to negotiate,
what do they promise more than M. GulzoT ?
And whe re is the guarantee that they will suc-
ceed bet ter than the present Minister s ? Upon
this poi► it, if the journal of Cour it MOLE
'toes not exi plain itself, it will be necessary t hat Count
MOLE or his friends should explain it k efore the
Chambers. As to the affair of Otaheite, n a doubt we
cannot -go bs.ck to the question of taking possession
of the island ; but if they blame the inde [unity pro-
misedi to / IT. PRITCHARD, they may under take nut to
Pay it. I, t would be necessary to state this. explicitly.
Thele is n sore. They are of opinion theft the disa-
vowal of i kdmiral DUPETIT THOUARS is ter ijust,.and
they find the blame inflicted on Lieutenant D'AX-
SIGNY 1111, A orthy ; the consequence ought t a be tha t
those office n should receive compensation fa r the in-
jury they bi .ve sustained. This reo,uires to b e clearly
explaine's. These are not, however, the only matters
to be comic"( red. We should know whether the suc-
cessors of N . GUIZOT would proclaim publicly their
sympathy foi • that Infamous reaction in Spain which
is proceed; rig to establish a pure counter-1 revolution.
Will they consent that the French nation slaall pass in
the eyes of t' ne Spaniards and of Europe as the
accomplice •of MARIA CHRISTINA and of NJ IRVAEZ ?
(
The press ptive heirs of M. GUIZOT have already
had the
action of public affairs. They h ave per-
!flitted tb e 3 3ritish Consul at Algiers to exercise his
funtions, b 3
ai
• virtue of an exequatur derived 'from the
dethrom l ;ey.
Will they longer suffer th; is insolent
infracrlo n c f the rights of nations ? Englai id protests
public, y
to the face of Europe, against our Ilegitiinate
Pou.ess.ion . That she should do so in her own Par-
ilr.crient is something; but that she should mi iintain in
Algeria a functionary, whose existence there is a per-
manent y irotest (against our sovereignty), is s intole-
rable. V 7e do not wish to speak of the Dia t, or of
Greece, or of the attempts made by G rewt Bri-
tain to confiscate for her own advantage the high
road tl 'rough Egypt. Upon all those points
the poi; hey of M. GUIZOT has been feeble, inju-
rious, r
.nd timid. Having alluded to foreign affairs,
we mu
.st refer to certain legislative reforms for a
long to
.me demanded and discussed in the Chamber,
and w Bich have been the subject of several notes.
Are, tl ose to be neglected ? Are the laws of Sep-
frathaer •to remain immutable ? Shall the electoral
laws ri ;main as they are ? Shall the comp, mition of
the Ch amber of Deputies not be modified ? Shall the
redact ion of the interest on the Five per Gents. be
ml ,fished ? It should be remarked that we do
not re fer to the condition of the operative classes,
which at present occupies the attention of every
person
possessed of a spark of justice, foresight, or
humanity. We do not proclaim our system. We
mere Ay take that of the Parliamentary Opposition.

But the aspirants to office should explain themselves ;
and if they shrink from doing so, we shall be forced
to confess that they in fact merit the severe epithet
of intriguers, applied to them by the Ministerial
journal."
It was understood that Count IsfloLE was greatly
annoyed by the imputation entertained in nearly all
quarters that he was at the head of the coalition—in
other words, that he had formed an intrigue to turn
out the Ministry, and would repel the attack on the
very first opportunity. Probably, therefore, he will
be one of the first speakers on. the Address.

M. VILLEMAIN'S health has rather improved, but-
from the following remarks in the Journal des Debuts
there is little hope that he will ever be again fit for
public business :

" It is with the liveliest sentiment of interest that the
public inquire 3 after the health of M. Villemain, and in-
dulges in the hope of soon seeing this eminent man, as
elevated by the qualities of his heart as by the faculties
of his min 4, restored to health, to the blessings of re-
pose, to the consolations which he found in his children,
and to the literary works which have rendered him
illustrious. The misfortune which strikes a great
citizen is a public grief, and on this ground no person
could meet with more sympathy in all ranks of society
than the eloquent professor whose language and knowledge
have so long charmed and instructed youth, whose
writings have so much contributed to disseminate and
maintain a noble style of writing, and who, after having
served with glory the cause of education and literature,
devoted himself with so much sincerity to the defence of
our institutions and our liberties. We are convinced that
so fine an organisation, fatigued for a moment by so
many struggles and so much occupation, will eventually
triumph over the accidents which we all lament so
deeply; and we learn with the greatest satisfaction that
already the calm and intelligent cares with which he is
surrounded have notably ameliorated the state of the
illustrious patient."

The Augsburgh Gazette quotes a letter from
Athens, of the 21st ult., stating that a bad feeling
exists in the mind of the English Ambassador, not
only towards the Greek Ministers but also the Royal
Family, and mentions, as a proof of it, his refusal to
be present at a grand entertainment which had been
given in honour of the QUEEN'S birth-day, under
pretext that the recent death of her Royal Highness
the Duchess of GLOUCESTER would not permit him to
appear in public.

MARKET NEWS.-(THIS DAY.)
BAY MARKETS.

SMITHFIELD.—Coarse Meadow Hay, 31 lOs to 4115 s ;
Useful ditto, 4/ 16s to 51 4s ; fine Upland ditto, Si 5s to
5/ 105 ; Clover Hay, 41 lOs to 61; Oat Straw, 1114 s to
1/ 16s ; Wheat Straw, 1/ 16s to 1/ 18s per load. A fair
average supply, and a steady demand.
CUMBERLAND.—Coarse Meadow H, 31 12s to 41165;
Useful ditto, 41 17s to Si 4s ; fine Upland ditto, 51 5s to
5/ 12s ; Clover Hay, 4/ lOs to 5116 s ; Oat Straw, 11 16s
to 11 18s; Wheat Straw, 1/18s to 21 per load. Supply
but moderate, and trade tolerably firm.
WkIITECILAPEL.—Coarse Meadow Hay, 3110 s to 4/ 153;
Useful ditto, 4/ 17s to 51 5s ; fine Upland ditto, 5/ 6s to
5/ las ; Clover Hay, 4l 10s to 6125; Oat Straw, 11 15s to
11 17s ; Wheat Straw, 1/18s to 11 19s per load. Trade
on the whole dull, at the above quotations.
_VIEZLT WZARILETS. _ _ _

SOUTHALL, JAN. B.—We had rather a steady demand
for the primest Beasts and Sheep, but all other kinds of
stock, which were in fair average supply, were a dull
sale, at barely stationary prices. Beef, from 2s 10d to
48 ; Mutton, 2s 8d to 4s 4d ; Veal, 3s Gd to 4s ; and
Pork, 2s 8d to 3s 8d per 81bs, to sink the offal. Supply:
—BeastsO, 40; Sheep, 1,450 ; Calves, 41 ; Pigs, 52.
RMFORD, JAN. B.—Generally speaking, we had a
very inactive demand here this morning, and the rates
were with difficulty supported. Beef, from 2s 8d to 43 ;
Mutton, 2s 10d to 4s 4d; Veal, 3s 6d to 4s ; and Pork,
3s to 3s 8d per 81bs. Suckling Calves, 18s to 30s ;
Quarter-old Store Pigs, 16s to 20s ; and Milch Cows,
with their small Calf, 16/ to 19/ each.
HAILSHAX, JAN. B.—We had a very dull inquiry for
stock, the quotations of which had a downward tend. ncy.
Beef, from 2s 10d to 4s 2d; Mutton, 3s to 4s 4d; Veal,
3s 6d to 4s ; and Pork, 3s to 3s 6d per Blbs.
ARUNDEL, JAN. 7.—Beef, from 3s to 4s ; Mutton,
33 to 4s 4d ; Veal, 3s 6d to 3s 10d ; and Pork,
3s to 3s 6d per Blbs. Supply but moderate, and trade
dui I.

CHIcItzBTXR, JAN. B.—There was a scanty show of
prime stock, which in consequence supported previous
figures. The value of other kinds was lower. Beef,
from 2s 8d to 4s 2d ; Mutton, 3s to 4s 4d ; Veal,
3s 4d to 4s; and Pork, 2s 10d to 3a 6d per 81bs.
Suckling Calves, 18s to 28s; quarter-old Store Pigs, 16s
to 19s; and Mulch Cows, 161 to 181 lOs each.
COAL MARKET.

Prices per ton at the close of the market :—Buddle's
'West Hartley, 20s ; Carr's Hartley, 20s ; Charlotte
Main, 21s ; tiasting's !tartle), 20s ; Holywell Main,
21s ; Hedley's Hartley, 17s ; Old Pontop, 19s 6d; Ord's
Redheugh, 19s ; Taylor's West Hartley, 20s ; ownley,
19s 6d ; Wylam, 20s 9d ; W. E., Bell and Brown, 22s ;
W. E., Clark and Co., 20s ; W. E., Clennell, 20s 6d ;
W. E., Gosforth, 22s ; W. E , Heaton, 21s 9 ; W. E.,
Hilda, 21s 6d; W. E., Hotspur, 2is 6d ; W. E., Killing-
worth, 2ls 6d ; W. E., Wharncliffe, 21s 9d; Eden Main,
22s ; W. E., Belmont, 22s 6d ; W. E , Hetton,
24s ; W. E., Hetton, 22s ; W. E., Haswell, 24s ; W. E.,
Hetton, 24s ; Hytton, 22s ; Lambton, 24a ; Morrison,
21s 6d; Shotton, 245; Stewart's, 245; Whitwell, 22s 6d;
Caradoc, 23s 6d ; Cassop, '23s 6d ; Hartlepool, 23s 9d ;
Heselden, 21s 6d ; Ileugh Hall, 22s 6d ; Kelloe, 23s ad ;
South Hartlepool, 20s ; South Kelloe,23s 6d ; Adelaide,
23s 6d ; Bitchburn, 223 ; Gordon, 20s 9d ; Seymour
Tees, 23s ; Tees, 23s 6d ; West Hetton, 21s ; Cowpen
Hartley, 20s6d ; Garnaut Stcne, 268 ; Lessiss Merthyr,
21s 6cl ; Moreton's Milford Stone, 26s ; Townhill Elgin,
19s 6d ; We'ch Channel, 35s ; West Hartley, Netherton,
20s ; West Hartley, 19s. 6d.—Ships arrived, 52.

CORN AVERAGES.
GENERAL AVERAGE PRICES OF BRITISH CORN
For the Week ended Jan. 4 1845, made up from the Returns of the
In.pector in the different Cities and Towns in England and Wales,
per Imperial Quarter.
Wheat ..... 45a $d I Oats
Barley

AVERAGES OF THE LAST SIX WEEKS.
Weeks ending WHEAT. BARLEY.' OATS. 1 ItTR. I DEANS.' TEASE

Nov. 38 ..... ,
Dec. 7
14

Jan. i ........

4S 4
45 2
45 1
45 3
45 6

45 8

3S 1
34 9
34 S
34 2
34 3

21 8
21 10
21 11
21 10
20 10

32 9
31 f.'.
32 2
32 0
31 9

33 9

38 0
37 5
36 9
35 11
35 1
34 3

35 11
36 4
S 6 1
35 4
35 3

36 1

MONEY AND COMMERCIAL NE W S ,
CITY, QUARTER TO THREE.
A moderate business was done in Cotton at Liverpool
yesterday. Sales 4,000 bales, all to the trade, and at
previous rates, including 300 Pernam at 51d. to 54d. ;
200 Maranham, at 43d. to 53d. ; 200 Bahia, at 5/d. to
51d. ; a few bales Egyptian at 11d. ; and the rest
American, at 3id. to 4id. per lb.—Shares were some-
what better. Birmingham and Gloucester, 102 ; Bristol
and Gloucester, 394 401 ; Caledonian, 41 ; Chester and
Birkenhead, 37 ; Chester and Holyhead, 54 ; Eastern
Counties, 15i ; Churnet Valley, 4i,1 4 ; Edinburgh and
Glasgow, 62 ; Glasgow and Dumfries, 21s. 6d. ; Grand
Junction, 227 ; Ditto, Halves, 1131; Great North of Eng-
land, New, 61 i ; Great Western, 167 ; Great Western,
Fifths, 333 ; Lancaster and Carlisle, 14 ; London and
Brighton, 52 ; London and South Western, New, 51 ;
Manchester and Leeds, 124 ; Midland Counties, 116 ;
South Eastern, 411 ; South Eastern, New, 133 ; Paris
and Lyons, 735. 6d. ; Boulogne and Amiens, 965. 6d. ;
Northern of France, 75 ; Central of Fl atac.. 113-.
Accounts from various parts, in many instances how-
ever of old date, have been received to-day. From the
Cape there are dates to Nov. 12, but the latest we have
seen from the frontier are Oct. 31. There was some
restlessness still on the part of the Kafers, but a small
yeomanry corps had been formed ahain's T.
which, together with other precautions, Mould no doubt
prove a bit of a curb to thieving. The weather had
been rather severe. At Natal the farmers still evinced a
dislike to British rule.
Papers, &c., to Nov. 23, from Rio de Janeiro, advise
the commencement of the new era in ~ur cominervi,.l re-
lations with Brazil, by the iinposition i.f high ,r dunes,
but tile tff,et, of course, ties iii yes been
shippers had all got their goods in previously. Toe fu-
ture will, perhaps, " a tale untold " that way not be
without its effect on high duty advocates, whether in
England ur Brazil.
Advices of Oct. 16, from Buenos Ayres, and Oct. 18,
front Monte Video, state that Roses was in hopes of oh
taining reparation fur the insult offered to the Arg. mine
flag by the United States Commodore, and that the
Brazilian Admiral had threatened the Government of
the besieged town with the seizure of Rat Island, unless
an apology were offered for certain
.indignities to sub•
jects of the empire.
The Funds are firm again to-day. and with a moderate
business doing. The Government broker took New Three-
and-a-Quarter and Three per Cent. Reduced. Consols are
1001 3 ex-dividend for Money and the 17th inst. Ex-
chequer Bills have been firm at 635. to 655. premium.
Bank Stock is worth 211 to 212; and India stock 289 i.
The New Three-and-a-Quarter per Cents. are 1041 to 1.
There is a very dull market for the Foreign Bonds.
Spanish Five per Cents. have gone back to 271 3, mad
the Three per Cents. nominally are about 361-. Dutch
Two-and-a-Half per Cents. are 634 3. Mexican Bonds
realise 34{ 3. Portuguese Converted are 601 to 61.
The Railway Share market is not brisk, but prices are.
steady generally.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock

3 per Cent. Reduced Annuities 100%3/q%
3 per Cent. Consols Anns 10014%
New 314 per Cent. Annuties
Long Annuities, Expire sth Jan. 1860 l2 3-16%
Do. 30 Years, Expire Oct. 10,1859 l2
Ditto 30 Years, Expire Jan. 1860

India Stock 2891,4
Consols for Opening
India Stock 289
Exchequer Bills. 13,id. 114 d.
1,0001.
5001.
Ditto Small —
Ditto Advertised ..... ...
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican Bonds, 1837, 5 per Cent.
Ditto for the Account &471'3/4
Ditto Deferred Stock 15%
Portuguese Bonds, 5 per Cent —
Ditto Converted 604 61
Spanish Bonds, 5 per Cent., 1840 271/2%
Ditto for the Account.
Ditto Passive Bonds 6l/
Dutch 2V2 per Cents
Ditto 4 per Cent. Certificates

PRICE OF SHARES AT ONE O'CLOCK.
RAILWAYS. PAID. PER SHARE.
Birmingham an Gloucester 100 lO2
Bristol and Exeter
Bristol and Gloucester
Caledonian
Cambridge and Lincoln
Churnet Valley
Direct Northern 212 2
Eastern Counties
Ely and Bedford
Great Western

Ditto, Half Shares
Ditto, Fifths
Hull and Selby
Lancaster and Carlisle
London and Birmingham ...100
Ditto New Thirds
Ditto Quarters
London and Brighton.... 5O ...... 51% ... to
Ditto Loan Notes
London and Greenwich ...... 123/4 ...... 10781/2% to
London and South Western.. 41)8......
Ditto, New ---... ...... 51/23/4... to

London and Croydon
to
Ditto Guaranteed 5 per Ct. 2
London and York ... ..... 2l/2 .... 4 Al 4 to
Manchester and Leeds 7O 123
Midland .. 100
Midland, Birm. and Derby ...100
Newcastle& Darlington o unc. 24 ...... 6314 :to 62
Newcastle and Berwick
North British
South Devon
, ,

South Eastern and Dover ... 3:3% 4114 to
Ditto New
Trent Valley

FRENCH RAILWAYS.

Boulogne and Amiens
Great Northern of France ... 4
Paris and Rouen.
Rouen and Havre

HAMBURGH MAIL.
(RECEIVED THIS DAY.)
STOCKHOLM, DEC. 24.—Our journals mention an
act of injustice done to a foreigner, 200 years since,
whose claims on the State have been officially re-
cognised more than once. This is the claim of a Po-
meranian captain, which was acknowledged in 1682,
at the sum of 33,000 dollars in silver, which, with
the interest, would now amount to a million. His
Majesty has now referred the heirs to the competent
tribunal to decide on the matter.
PETERSBURGH, DEC. 21.—Prince Alexander Ga-
litzin, who but lately was restored to his sight by a
successful operation, died soon afterwards, on the
4th instant, of water on the chest, at his estate in the
Crimea, in the 71st year of his age.
Mtn,mit, DEC. 22.—According to a report, the
accuracy of which we cannot warrant, the Congress
of the Deputies of the States of the Zollvereia next
summer is to be held in Munich. The numerous
complaints of the constantly-increasing number of
commercial travellers are to be again taken into con-
sideration at this congress.
Anne Louis Chretien, Duke of Montmorency,
Grandee of Spain of the First Class, Knight of the
French Legion of Honour, died here last night, at
the age of 75 years. He was a faithful adherent
of the exile Royal Family of France, and had resided
for more than ten years at Munich, where he made
many friends, though he lived in a very retired man-
ner. He was father of Prince Montmorency Robecq,
who was condemned a few weeks ago by the Correc-
tional Tribunal of Paris for having sold busts of the
Duke of Bordeaux.
ALTON A, DEC. 31.—The complaints that have been
so loudly expressed of late of the choking of the chan-
nel of the Elbe by sand, have induced a patriot to
make a model of a machine, by the use of which the
shoals in the Elbe may be entirely removed at no
great expense. He is now engaged in preparing for
the execution of his plan, and thinks to be ready by
the middle of February next year.
COLOGNF, DEC. 25.—1 t is said that in the next
assembly of the Provincial Diet of the enlightened
Rhenish provinces a proposal will be made to confine
all religious ceremonies to the churches.
MUNICH, DEC. 15. A. generally e,teemed Roman
Catholic clergyman, named Skolt, of this city, has
embraced the Protestant religion.
HAMBURGII, JAN. 3.—The cold has now greatly
abated. In the last twenty-four hr ,urs the mercury
fell only 1 deg. below freezing point. According to
the official account of the number of ships that arrived
in the port of Hambargh during the last four years,
there were-1841, 3,194 ; 1842, 3,300 ; 1843, 3,538 ;
1844, 3,260. Those under English colours were-
-15141, 973 ; 1842, 804 ; 1843, 907; 1844, 850.
Mil/burgh papers, Jan. 3.
PRUSSIAN FUNDS.—BERLIN, JAN. 2.
Bills. Money.
St. Schuld Sch., 31/2 per Cent 99 5-6 99%
Pruss. English Bonds, 1830, 4 per Ct —
Exchange on London 6 23% -
-Universal Prussian Gazette, Jan. 3.
HANIBURGH BORSENHALEE, JAN. 3.
Bills. Money.
Austrian 5 per Cents
Bank Shares — 1688
Anglo-Russian Loan
Russian 5 per Ceut., Hamb. Certificate 105% 1051/
Ditto Ist series Inscription lO5l/x
Ditto, Hope and Co., 3d and 4th series 99%
Ditto, in Certificate 99%
New 4 per Cent., Hope and Co 91%
Ditto Stieglitz
Spanish New 5 per Cent 223 22
Dutch Actual Debt, 2% per Cent 63 63 4
Polish New 4 per Cent. Loan, 1844
Anglo-Danish Loan, 3 per Cent B7 BB%
-National Bank Shares 124
Exchange on London.
One month —
Two months
BELGIAN FUNDS.—BnussEls, JAN. 4.
Actual Debt, 2i per Cent
Rothschild's Loan, Five per Cent
Loan of Thirty Millions, Four per Cent 98%
Ditto Three per Cent
Ditto Thirty-seven Millions, ditto 7B
Ditto, ditto 1840
Ditto, ditto 1844
Ditto of the City, 1843 lOB
—Brussels Papers, Jan. 5.

Lord Willoughby De Eresby has, with his usual
liberality, given 100/. to be distributed in clothing among
the poor of Spilsby and the surrounding neighbourhood.
COAL MINERS' TURN-OUT.—The strike of the coal
miners at Oldham has terminated, the dispute having
been arranged.