The Sun.
London, England, 1844-05-07 00:00:00

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LONDON, TUESDAY, MAY 7, 1844.

The House of Commons last night went into Com-
mittee on the Bank Charter Act, when Sir ROBERT
PEEL made a very long speech on the Currency,
question, and on the necessity of revising the privi-
leges granted to the Bank of England under the
Whig Government in 1833. These privileges were
granted for a period of twenty-one years, but only
conditionally. The
Government reserved to them-
selves the right of reconsidering the question, if, after
a lapse of ten years, they gave notice to the Bank
that alterations might be necessary. After mature
deliberation, on looking at the state of the country,
the present state of the currency, and other circum-
stances, the Cabinet had considere 1 it their duty to
avail themselves of the opportunity, and pro-
poseif adopted by the
resolutions which,
Legislature, would produce considerable changes.
These resolutions he would not require the House to
adopt till they had a full opportunity of weighing
well their import; and he, therefore, did not ask for
an immediate decision. The introductory part of his
speech was not very inviting. It consisted of a very
dry essay on the principle which constitutes the mea-
sure of value, and more particularly on what was
meant by a pound sterling, and what was the engage-
ment to pay a pound ; and, after adverting to the dif-
ferent standards of value which had existed in this
country, including silver and paper, he 'entreated the
House, as gold had been the standard of value for a
hundred years, with some exceptions, that they would
not depart from that monetary system. He was op-
posed to the demand made by certain writers on cur-
rency, that country bankers should be allowed to
issue paper. Country bankers had no control,
and were utterly ignorant of the state of
foreign exchanges. He was opposed, also, to a
National Bank, and concurred with Lord ALTIIORP
in his statements, when the charter was renewed in
1833, that the Bank of England was preferable to a

Government Bank. Then came the important part
of the Right Hon. Baronet's speech. He proposed
that the Bank of England should continue in the
possession of its present privileges, but that it should
be divided into two distinct departments—the issue
and the banking departments. To the issue depart-
ment he would transfer the whole amount of bullion
in the Bank, and the issue of the Bank should take
place upon two conditions only. The first was, that
there should be a definite amount of security ; and
the second, that the banking department should
have no power to issue notes on deposit, and that the
amount of issue should not exceed 14,000,000/.
"I propose further," said he, "that there be frequent
reviews of the accounts of the Bank—both of the
banking and issue departments. Objections have been
hitherto made to the publication of these accounts,
but I confess I see no reason why these accounts
should not be published, and I think publication of
these accounts would be highly salutary. I propose
that it be enacted by law that there shall be returns
to the Government from the Bank weekly of the ac-
counts of the issue of notes ; of the amount of bullion;
of the fluctuation of bullion ; of the deposits ;
accounts of every banking transaction in the issue
and banking departments of the Bank of England."
With regard to country banks, he proposed that they
should retain their existing privileges, but that they
should not issue more than they had done within the
last three years—that they should have the privilege
of suing and being sued, and that they should be com-
pelled to select competent, efficient, and responsible
directors. He proposed, also, to place the joint-stock
banks in London on a similar footing with other
banks, and give them the power to accept bills to any
amount, and at any date. He -proposed, further,
that, with regard to joint-stock banks, there
should be a periodical publication of the names
of all directors and partners, and that they should
publish periodically the amount of their issue.
No new joint-stock bank was to be established v ith-
out application to some Government department.
He again reverted to the Bank of England, and pro-
posed that when the issue exceeded 14,000,0001., the
profit should belong exclusively to the State, and the
increased issue was not to be left to the Bank, but to
three Members of the Government. The charter was
to continue for the original time specified, namely,
till 1855, with power to the Government, on giving
notice one year previous, to make alterations at any
time while the charter existed. With regard to
Scotch and Irish banks now existing, he proposed no
changes. These are the main principles of the Bill,
and the Right Hon. Baronet, after adverting to what
he had done in 1819, and stating the interest he took
in establishing a secure currency, submitted them to
the mature deliberation of the House and the country.

In the house of Lords the Bill introduced by Lord
CAMPBELL, entitled the English Debtors Bill on the
Continent, went through Committee, and was ordered
to be read a third time on Monday. Lord CAMPBELL
deserves credit for this measure. It will reach a
number of those unprincipled men who have fled from
their country in debt, and live like wealthy English-
fri.Ji abroad while their creditors cannot reach them.

Lord WUARNCLIFFE laid on the table the report of
the Committee which had been appointed to watch
the building of the new Houses of Parliament. It
appears from this report that Mr. BARRY has departed
from the regulations laid down by the Committee,
and his Lordship intimated that he would call the
attention of the House to the subject on Thursday.
Lord MONTEAGLE gave notice, that on Thursday
he would move for a Select Committee to inquire into
the effect of protecting duties on the commerce of
the country.
A discussion took place on a motion of the Mar-
quis of NORMANDY, relative to the appointment of
Mr. 013 am( as a stipendiary magistrate, but it led
to no result. The House adjourned at a Quarter to
Nine o'clock.

In the Commons, Mr. ROEBUCK presented a peti-
tion from Mr. BARNARD GREGORY, complaining that
he was confined in a solitary cell, that he had no bed
but a matrass on an iron frame, without sufficient co-
vering, and the only drink allowed to him was water-
gruel.

Sir JAMES GRAHAM said Mr. GREGORY was not
kept in solitary confinement; he was placed in a room
of a superior kind, where there was a fire, and many
other indulgences allowed, which would not be al-
lowed to prisoners of the same class ; and so far from
his health being impaired by confinement, he was
better than when he entered the prison. Under pre-
sent circumstances, he did not consider it expedient
to make any alterations with regard to his treatment.
Mr. ITORSMAN put a question to Sir JAMES
GRAUAM relative to a statement which had appeared
in some of the newspapers, to the effect that a soldier
had committed an aggravated assault upon a woman
in Westminster, and had been fined 10s. by Mr. JAR-
DINE, the magistrate, on the ground that the soldier
was intoxicated.

Sir JAMES GRAHAM said he had made inquiry, and
the magistrate had given an explanation which was
satisfactory. Mr. JARDINE had never admitted in-
toxication as a plea for outrageous conduct, and on
that occasion had distinctly stated that it could not
weigh with him for one moment in adjudicating pu-
nishment.

Mr. Hoasuam said he was perfectly satisfied with
the explanation.
A brief conversation took place relative to the mo-
tion of Mr. HUMS on the recal of Lord ELlANno-
uouGu, when it was understood that Mr. HUME'S
motion would have precedence this evening. Sir
ROBERT PEEL intimated that what he had to say on
the subject would be very short.
The House went into Committee on the Bank
Charter Act, when Sir ROBERT PEEL moved a num-
ber of resolutions, which we have referred to in a se-
parate article.
After a few observations by different Members the
resolutions were laid on the table, and ordered to be
taken into consideration on Monday se'nnight.
The House then went into Committee on the Fac-
tories Bill, when all the clauses were gone through;
the House resumed, and adjourned at a Quarter to
Two o'clock.

A Correspondent in the Times, of this morning,
makes some forcible and pertinent allusions to the
shameful manner in which Trafalgar-square has
been already disfigured, notwithstanding it is only
a few days since it was thrown open to the public.
" Already," he says, " this noble Square has been
polluted by brutes in human shape; and dirty boys,
besides, are suffered to disfigure the reservoirs, and
fill them with orange peel, wood, filthy rags, and
paper. Meanwhile, the police, whom we pay so
well, are idly looking on, or engaged in the
elegant employment of ogling the women." It
is a remarkable fact, but one that has been ob-
served a hundred times, that wherever the police
are most wanted, there they are sure never to be
found. On almost every occasion of a street disturb-
ance, whether by day or night, it invariably happens
that they make their appearance on the scene of
ac-
tion just at the moment when order is restored, and
their services may be dispensed with; while they may
be seen idly lounging about in twos and threes, and
ever ready at one's call, when there appears not the
slightest chance of any demand being made on their
interference. Where were they, let us ask, when the
nuisances alluded to by the Times Correspondent were
perpetrated in the most magnificent Square of which
this, or perhaps any other, metropolis can boast ?
Why were they not actively on the alert to repress
ith a firm hand any attempt at a nuisance ?
It might have been taken for granted that
the throwing open of Trafalgar-square more
especially when it is borne in mind that the
opening of the Royal Academy Exhibition to the
public took place nearly at the same time—would
have attracted a vast and motley crowd, and for some
mus-
tered strongly in the neei
days to come at least, th
gphoboteuerhood. shouldTrhuaev,e
there
ewere a few policemen about, scattered here and there
among the mob—we saw one or two ourselves yes-
terday—but they must have paid very little
attention to their duties, otherwise the reservoirs
would never have been in the condition
which our Contemporary's correspondent describes.
We trust that the nuisances which he so justly de-
nounces will not be suffered to be repeated ; or, if
repeated, that the offenders will be instantly taken
up by the police, and summarily
dealt with accord-
ing to law. It is perfectly intolerable that in one of
the greatest thoroughfares in London ; which is in
the immediate neighbourhood of some of our most po
pular public exhibitions ; and which is thronged every

PORTUGAL.

FALL OF ALMEIDA.

THE SUN, LONDON, TUESDAY EVENING, MAY 7, 1844.

hour in the day, nuisances should be perpetrated with
impunity which, as the writer in the Times observes,
are "an offence to common decency." The terrace
in Trafalgar-square is one of the greatest ornaments
of the metropolis, and should be thronged by re-
spectable people, for whom it forms a most agreeable,
airy promenade at all hours of the day ; but if no
pains are taken to keep it in a decent, orderly state,
it will assuredly ere long be quite deserted by all but
the lowest and most vagabond portion of the com-
munity, and instead of being the boast, it will be-
come the disgrace of London.

We have received Madrid papers of the 29th ult.,
but they bring no political intelligence in addition to
that conveyed by the telegraphic dispatch of the
2d inst. One of them contains a letter from Malaga,
giving the following details of the expedition to
Morocco.

" The frigate-Christina arrived two dams ago, along with
a sloop of war, and has just left for 'tangier, to demand
satisfaction for the insult oared to our nation in the person
of its representative. Probably this satisfaction will not be
given. The Moors prepare for the struggle, and are al-
ready approaching the coast. Foreseeing this, the head of
our naval force has made the proper preparations to carry
such of the consuls and the Spaniards as may wish to quit
Morocco into Spain. The expedition sailed to-day, the
24th, and yesterday an English ship left Gibraltar for
Tangier, no doubt to watch "in case of an outbreak of hos-
tilities."

Nearly all the Paris papers have articles on a mea-
sure which now excites general interest in France—
the abolition of slavery in the French colonies. The
subject, as we have already stated, was brought un-
der discussion in the Chamber of Deputies on Satur-
day, when M. GUIZOT made one of those impressive
and common-sense speeches for which he is so re-
markable. The measure, he said, was taken up
earnestly by the Government; slavery in due time
should cease for ever in all the French colonies, and
all the Government wanted to carry such a glorious
purpose into effect was the support of the Legislature.
The Chamber responded to the appeal by unanimous
cheers. The subjoined is a brief outline of the
speech :
" No doubt or uncertainty ought to exist, either in France
or in the colonies, at the conclusion of this discussion, as to
the intentions of the King's Government. It nsust not be
said, either in France or elsewhere, that it had drawn back
in place of advancing. The Government decidedly wished to
have the abolition take place. No person would, he thought,
recommend that measure all at once, and no proposi-
tion of the kind would, he believed, be made in the Cham-
ber. What the Government demanded was to make certain
preparations for the measure, both in the colonies and at
home. Measures had been already taken to produce an
amelioration in the condition of the slaves, and establish a
better intercourse between them and their masters. It was
true that some resistance had been experienced in the colo-
nies from the landowners, but how could it be expected that
so considerable a step could be taken without some difficulty
being experienced? But all difficulties would be surmounted
by the Government, either by the authority it possessed, or
by coming to the Chambers to ask for additional powers.
The Government did not suppose that it was by doing no-
thing, or by waiting for the benefit of emancipation to ar-
rive by the will of Providence, that the great negro family
was to be set free. That could be effected only by strenuous
endeavours on the part of all. Much had been already done,
and the Government felt convinced that if it were firmly sup-
ported by the Chambers, the abolition of negro slavery
would be attained with better conditions than had been
effected by England. It was an immense and grand result,
the one obtained by that country. And yet faults had been
committed. Nobody admired more than the the grandeur of
resolution and excellence of result connected with the Eng-
lish measure ; but something better still could be dune. The
French Government would profit by the experience of their
neighbours, and attain the same object as they."
_ . _ _ _

The Reforme seizes the opportunity of the change
of Ministry in Spain to make an attack on M. GuizoT,
and blames him for conferring the Legion of Honour
on such a renegade as BRAVO. This is a most unfair
mode of attack. The writer in the Rt'forme knows
who is only responsible for that act, but has not the
courage to lay the blame on the right shoulders.
" The Spanish Ministry," it states, " has been over-
turned. BRAVO, a deserter from the ranks of the
Radical party, has experienced the fate of all rene-
gades. Ile has been made use of to betray and per-
secute his former friends, and when, after accom-
plishing his task, his services as an informer and exe-
cutioner were no longer wanted, he was rejected with
contempt by the Moderados, who could not suffer
the presence of a traitor in their camp. It is to that
man, nevertheless, who is an object of indignation to
all parties in Spain, that M. GUIZOT has lately sent
the Grand Cordon of the Legion of Honour !"
The police have discovered another infernal ma-
chine, invented by a gentleman with a Polish name.
The affair, which appears very ridiculous, is thus re-
lated in the Siecle

" M. Leweski is the inventor of a machine to be moved by
atmospheric pressure. His workshop is in the Avenue des
Veuves, in the Champs Elysees. He was anxious to form a
company to work out his invention, and for that purpose he
was making the necessary experiments on board of a boat
which he had purchased for that purpose, and which was
moored at the Quai de Chaillot, near the Avenue des Veuves.
While doing so, he was visited on the 26th of April by a com -
missary of police and four officers, who inquired what he was
doing, and M. Leweski, who was afraid that his secret would
be discovered, told the commissary that he would not allow
any one but himself to enter. A few minutes after M. Leweski
was arrested and carried to prison ; seals were placed upon
the machine, and his assistants were also arrested. The fol-
lowing day the assistants were liberated, but M. Leweski is still
detained, and no communication is allowed with him. Some
of his friends have made anxious inquiries as to his fate, but
the only information they have been able to get ia, that he is
detained on a charge of constructing an infernal machine."

On Sunday the Three per Cents. were quoted at
TORTONI'S at 84f. 55c.

A Court of Directors was held at the East India
House yesterday, when Lieut.-General the Right Hon.
Sir Henry Hardinge, K.C.8., was appointed unani-
mously Governor-General of India.

ART-Umoss.----A deputation on the subject of the
Art-Unions had a conference with Sir R. Peel this
morning.

THIS DAY'S NEWS.

EXPRESS FROM. PARIS.

NEW SPANISH MINISTRY.
MADRID, MAY 4.
General Narvaes, President of the Council, and
Minister of War.

(Sittings in Banco.)
EX METE THE DUKE OF MARLBOROUGH'.

The Marquis de Villama, Minister for Foreign
Affairs.
M. Mon, Minister of Finance.
M. Vidal, Minister of the Interior.
M. Mayans, Minister of Justice.
And General Armero, Minister of Marine.—Times.

Almeida surrendered on the 28th ult., at four o'clock.
The officers and chiefs were permitted to retire into
Spain ; the men were to depose arms, and to be held
exempt from punishment. Our correspondent's
letter is dated the Ist inst. The details of the whole-
sale sweeps of despotism which have been recently
practised—of the transportation of newspaper editors,
Deputies, members of the Opposition, and others ob-
noxious to the Portuguese Minister, deserves atten-
tion.—Chronicle.

BANK OF ENGLAND.--(THIS I)AY.)

A General Court of the Directors of the Governor and Com-
pany of the Bank of England was held this day, for the pur-
pose of taking into consideration certain special affairs re-
lating to the charter.
Mr. Erle, the Queen's Counsel, was in attendance, for the
first time since his appointment as Counsel for the Bank.
The Governor and the Directors entered the Court at twelve
o'clock, and the minutes of the last meeting having been read,
The GOVERNOR said the Court had been specially sum-
moned, for the purpose of laying before the Coup of Pro.
prietors the communications they had received from her
Alajesty's Government, in reference to their' charter. Before,
however, he proceeded to read those communications, and the
answers which the Cout t of Directors bad thought it right to
give to those communications from the Government, it would
be but right on his part to state to the Court why the Dine.
tors had deviated: rom the course they had adopted upon the
last renewal of the charter, inasmuch as the Proprietors
ought to be satisfied and assured that there was every de-
sire on the part of that House to communicate with the Pro-
prietors, and to show that they had not been unmindful of
their interests.—(Hear, hear.) On the last revival of the
charter the Proprietors were called together on the day of
the announcement in Parliament, but, as in the present in-
stance the measure to be proposed to the Go-
vernment had reference not only to that House,
but to the general banking of the country, the Court
of Directors had thought that it would not be right to call
the Proprietors together before the announcement to Parlia-
ment was made, because the Directors could only have given
a portion of the facts, and they could not have stated what
the intentions of the Government were as to the other great
banking interests of the country. These were the reasons
why the Court of Directors deviated from the course adopted
in 11535. The Proprietors had expressed a wish at the last
Court that he (the Governor) should continue to hold that
honourable office in that House; his colleagues bad recom-
mended him to the choice of the Proprietors, and in continuing
to hold that office he felt that he was placing himself in a
situation of great difficulty, but at the same time he thought
that the pursual of a straightforward course was the right
one, and that he should best fulfil his duty to the Proprietors
by pursuing it.—(Bear, hear.) He would not detain them
longer by any observations of his, but would read the first
communication the Court of Directors bad received from the
Chancellor of the Exchequer with reference to the renewal of
the Bank charter. It was dated the 26th of
April, 1844, and was signed Henry Gouiborn. The
Governor then proceeded to read the letter, which
was to the following effect—it was addressed to the

Mr. FIELDER considered the terms Proposed by the Go-
vernment most harsh and unfair. There were stringent re-
gulations for the Bank, but none for the Government or the
private banks. They were to be limited as to their profits,
but not as to their losses. It should be remembered that
they had met with losses heretofore ; that they had come
forward to assist Government frequently, and frequently at a
loss. They had come forward in 1835, and by an immense
advance had saved the country, and now, because the Go-
vernment had managed by imposing an income-tax in peace
to raise the funds to par, they turned round upon the Bank
and threatened to crush them if they did not accede to the
terms. The Government had not acted in the fair, open, and
candid manner in which they ought to have acted. Ile hoped
that some alteration would be made in the plan before it was
acted on.
Mr. WILLIAMSON asked if it was understood that the
120,0001., and the 60,0001., was the outside of what was to
be paid to the Government?
The GOVERNOR stated that it was.
Mr WEEDING adverted to the course taken by the Board
of Directors, when the Bank charter was renewed in 1833;
the papers were then printed and distributed among the Pro-
prietor, and time allowed for their consideration. lie recom-
mended that the same course should be pursued on the
present occasion. There was one thing that he should wish
to see introduced into their charter—that was, an alteration

Governor and Deputy-Governor of the Bank of England : in their mode of election, particularly with respect to the elec- r
" As under the provisions of the 3d and 4th of William IV., ' tion of the Chairman and Deputy-Chairman. The present
chap. 98, the Ist of August is the day after which it is com- mode was one of nomination, which he thought was not re-
potent for the House of Commons to give notice to the spectful either to the Directors or the Proprietors.
Bank of the determination of their exclusive privileges, her The GOVERNOR said, that when he read the resolution,
Majesty's Government think it advisable to come to same he stated that it would be submitted to the Court in
understanding with the Bank as to its connection with the due time. Neither himself nor the Board of Directors
Government. In submitting to you the views of the Govern- had the slightest objection to postpone the discussion. lie
ment, I would premise that the main object of the Govern- would state that measures would be taken to have the papers
ment, in any new renewal of the charter of the Bank, is one printed and in the possession of the Proprietors to-morrow.
that the Bank can be scarcely less interested in than the All he begged was that they would consider calmly and de-
Government, namely, that of placing the monetary liberately the proposal contained in them. If the proposals
system of the country on a sound foundation. , were sound, they would bear consideration.
It appeared highly desirable that any arrangement I After a short discussion, in which some further explanation ,
that might be made should be founded on the basis of entire I of the plan was given,
separation of the business of issuing notes from that of bank- I Mr. LEVY said, that though they might talk of being
ing ; that might be obtained by some public department 1. hardly dealt with, yet they should remember that they still
being established for the issue of notes, independent of the were to have 3 per cent. for eleven millions of money. That
Bank ; but her Majesty's Government are willing to con- was a great boon, and ought to be borne in mind by them.
sider whether this might not be effected by dividing the busi- Mr. BLACKWELL, after several attempts to speak, stated
ness of the Bank. The first question for the Bank to consider that they had at present but very imperfect information on
is, how far they would be willing to undertake this duty, the subject, and he advised a delay, for the purpose of consi-
how far they would be disposed to administer the functions deration.
of issue. It is desirable that the Bank should have the A lettoridaTott asked whether, if the Government was to
lower of issuing a certain amount of notes, and that all other have the profit on the circulation of notes above
notes should be issued either in exchange for bullion, or 14,000,000 i., it had provided for the expenses of that issue?
upon securities that would admit of ready convertibility, and The GOVERNOR said that the profits the Government was
not to exceed the amount fixed except under the approval to take were the net profits.
of the Government. It was proposed from henceforth to Mr. SALAMON wished to know if the 120,0001. and the
prohibit the establishment of any new bank of issue, to re- 60.000/. to be paid under the new arrangement were the same
strict the issue of their own notes to those banks at present amount as paid at present?
exercising that privilege, and to limit the issue of those The GOVElLNOR—Precisely the same.
banks to the amount of notes issued by them on the average Mr. Sareassos—Has the Bank any power to increase its
in a given preceding period; and in the event of their failure issues beyond the fourteen millions?
of liquidation to prohibit, under any circumstances, the re- The GOVERNOR—It has the power, with the consent of the
sumption of their own circulation. The void created by the First Lord of the Treasury, the Chancellor of the Exchequer,
withdrawal of any existing private or joint-stock bank from and the Master of the Mint.
circulation, either voluntary or under the circumstances al- Mr. CLARK); said that the questions which had just been
lulled to, should be supplied, if necessary, by the put convinced him of the propriety of adjourning the discus-
substitution of notes of the Bank of England ; and sion, in order to give the Proprietors an opportunity of care-
in such a case the Bank, acting in concert with fully perusing the correspondence.
the Government, should be authorised to make After a few words from Mr. FIELDER, the debate was ad-
a proportionate increase in the amount of those securities journed to Monday next at Eleven for Twelve.
which constitute the foundation of the issue of paper—the It was announced that the printed papers, consisting of the
whole nett profit derived from that additional issue would be correspondence between the Directors and the Chancellor of
carried to the account of the Government.—(Hear.) It was the Exchequer, and of the resolutions proposed by Sir B. Peel
intended that a weekly publication should take place of the to the House of Commons last evening, would be ready to..
state both of the issue and of the banking department of the morrow morning in the Bank Stock Office.
Batik ; and it would be required that each private bank and
joint-stock bank issuing their own notes should make once a
week a publication of the amount of their notes in circula-
tion. .Bader such an arrangement, it was obvious the Bank
would not merely retain its existing privileges of having no
bank of more than six partners issuing notes within a circle
of sixty-five miles of London, but it would be secured
against competition from any new bank, even with
less than six partners, and although any profit derived
from any increased issue would be placed henceforth to the
account of the Government, and the Bank would not derive
any immediate pecuniary advantage from it, yet the ex-
tension of business and circulation consequent on that further ,
extension, must be to the Bank &source of no inconsiderable
benefit. It was not proposed to continue the prohibition
now in force as to the drawing, accepting, or paying of bills,
within the 65 miles circle round London. Should any ar-
rangement on this principle meet the views of the Bank, the
points retraining for consideration would be the period for
which the Bank charter should be renewed, and the amount
of the payments which ought to be made by the Bank to the
public during the period of its continuance. The Govern-
ment considered it advisable that the charter should be
granted for ten years from the Ist of August, 1845,
determinable at any period within that time upon a notice of
twelve months; but until such notice be given to continue in
force. The amount of payments to be made to the public by
the Bank would depend upon the consideration of the
benefits secured by this arrangement to the bank-
ing department of the Bank, and in proportion to
the profits of issue which the public were entitled to
claim. The Bank should retain the management of
the public debt, and the advantage of the Government
deposits, and the balance of the several public accounts at
the Bank. It must, however, be distinctly understood that
the Government retained the entire discretion as to the amount
of such deposits to be made in the Bank With reference
to the profits of the circulation department, supposing the
amount of securities to be fourteen millions, the profit would
be the difference between the interest received on those se-
curities and the expense required for managing the issue of
notes, and treating the accounts connected with them, and
the receipts and credit of the bullion which must from
time to time come into the hands of that depart-
ment. Assuming three per cent. as the rate of in-
terest, the gross profit of the circulation depai tment would be
420,000/. It had been stated by the Bark, in a paper pre-
sented to the Committee on the Bank charter in 1832, that
the expense of the circulation was at that time 106,000/. It
would be desirable that the items constituting this aggregate
sum should be separately considered with a view to ascer-
taining whether, without dimin'shing the advantages now
secured to the public, a reduction might not be effected in the
amount. He would assume 100,000/. as the expense, and
that would leave 320,000/. as the profit of the circulation de-
partment, from which should be deducted 60,0001., the amount
of stamp duty paid on the notes of the Bank of England,
and also whatever sum the Bank allowed to other banks
which substituted Bank of England notes for their own
paper. He would take that amount at 20,000/. The nett
property therefore which the public would have a right to
share would be 240,0001., or if it were more desirable to re-
move the stamp duty on the notes of the Bank, it
would be 300,000/. In this arrangement he did
not put out of view the claim of the Bank for
remuneration for the management of the circulation.
It appeared to him that the real interests of the Bank would
be promoted by the proposed arrangement. It proposed to
leave the management of the circulation in the hands of the
Bank, which would continue the confidence of the public in
it, and would be calculated to increase the control of the Bank
over the paper and currency of the country. and would secure it
from the expenses'and danger to which it was hitherto exposed.
The Deputy-Governor then read the reply of the Directors,
dated the 30th of April, 1844, and addressed to the Chancellor
of the Exchequer. After acknowledging the receipt of his
letter, they stated that they were desirous of an early
settlement of the currency question, and were disposed
to consider favourably any measure of her Majesty's Ministers
which would place the circulation of the country on a sound
footing. They had no objection to the separation of the issue
and banking departments, and thought that such a separa-
tion could be effected without difficulty. They had no
difference with regard to the principle of the in-
tended measure. The Bank had no pecuniary interest in
the general adoption of their notes. When, m 1835, they
agreed to pay the public 120,000/., advantages were held
out to the Bank from the extension of the circulation of their
notes, but those advantages had never been realised. With
regard to the weekly publication of the amount of issues,
there was no objection on the part of the Bark to accede to
such an arrangement. With regard to the renewal of the
charter from the Ist of August for ten years, it was proposed
that the charter should terminate upon twelve months no-
tice being given. They would propose that, if such notice was
not given at the end of ten years, the charter should continue for
ten additional years. This would give the Bank increased re-
curity, and it would put an end to the annual discussionswhich
were held on the subject. With regard to the advantages
which the Bank derived from having the deposits, the benefit
was diminished in consequence of the risk of forgeries.—
(Hear.) The benefits which the Bank derived were also
diminished from the expenses and risk they incurred in col-
lecting the ordinary revenue. In 1843 the clerks of the Bank'
travelled over 75,090 miles, and carried with them 9,049,000/.
The Bank incurred all the expense and risk of this—(Hear)
—they therefore thought that some abatement of the
120,0001. paid to the public might be reasonably expected.
The Governor thought it necessary to explain that there
was a mistake as to the expense of issues. Instead of
113,0001. it was found to be 117,000/., as the branch batik
at Leicester was not included.—(Hear.) He had next to
request the attention of the Court to a letter addressed to the
Directors on May 2, by the Chancellor of the Exchequer. The
letter acknowledged the receipt of the reply of the Directors
to his former letter of April 30. and expressed the satis-
faction of her Majesty's Government to know that on the
part of the Bank there was a general concurrence in the
principles which in that letter he (the Chancellor of the Ex-
chequer) had laid down. It was satisfactory to the
Government that although the Bank Directors doubted
the utility of a weekly publication of the accounts
of -the Bank, yet they made no objection to it.
ller Majesty's Government were of opinion that such publi-
cation would be useful, by giving satisfaction to the public
and increasing the confidence in the stability and good ma-
nagement of the establishment. He (the Chancellor of the
Exchequer) agreed with the Directors, that the removal of
the existing prohibition of issuing bills within the
sixty-five miles circle round London might lead to
the introduction of new paper, and be liable to abuse. He did
not think, however, that it was necessary now to make an
attempt to limit the amount of bills to be issued, and the
times of payment; but considered it preferable to leave with
the Government the power of calling on the Legislature to
interfere, if any abuse should arise. The Chancellor of the
Exchequer thought also that it was better that the new
arrangement should be made terminable at the end of ten
years, then that it should be extended to twenty years. Indeed,
he believed that it would be more conducive to the perma-
nence of the arrangement, as there would be a greater likeli-
hood of calls for a change- in the course of the period, if it
were fixed at twenty years. Her Majesty's Government pro-
posed to accept of 60,000/. in lieu of the stamp duty, which
would make the whole amount paid by the Bank to the public,
in return for its privileges, 180,000/.
The answer of the Court of Directors to the last communi-
cation was then read. It was dated the 3d of May, and, after
acknowledging the receipt of the letter of the Chancellor of
the Exchequer of the 2d May, the Directors, in their answer,
stated that, although they were of opinion that some abate-
ment in the payment of the 180,0001. might reasonably have
been expected, they had resolved,: however, under all the
circumstances, to recommend the Court of? Proprietors to
accede to the propositions of the Government.
The GOVERNOR had now read the whole of the correspond-
ence with the Government on the subject of the renewal of
the charter„ and at the proper time it would be his duty to
submit to the Court a resolution similar to that one which had
been submitted to the Court on a similar occasion in
the year 1833, viz., that the Court of Directors having taken
the subject into their serious consideration, do recommend
the Court of Proprietors to accede to the proposal of her
Majesty's Government for the renewal of the charter, and
for providingthe general regulations referred to in the letters
of the Chancellor of the Exchequer, as soon as they should
be proposed to Parliament to be adopted. He had now put
them in full possession of all the pro osals which her Ma-
jesty's
Ministers had made on the subject, and as they had
been submitted to Parliament, the time was come for taking '
the opinion of the Court of Directors on the subject.
In answer to some questions, the CHAIRMAN stated that
the payment of stamp duty would remain nearly as it did at
present; that any advantage to be derived from the prospec-
tive substitution of Bank of England notes for those of other
banks of issue, would be derived solely from the fact that the
circulation would be on a sounder footing, and that they
would be less embarrassed in the keeping of the banking
accounts.

QUEEN'S BENCH.-(THIS DAY).

It being known that a criminal information was this day
to be moved for against Mr. Humfrey, barrister, on the part
of the Duke of Marlborough, for certain alleged calumnious
statements made by that gentleman when a candidate at the
last election for the borough of 'Woodstock, the Court on
its opening was immediately crowded to excess. The counsel
retained for the noble plaintiff were the Solicitor-General,
Mr. Erle, Q.C., Mr. Fitzioy Kelly, Q.C., and Mr. Robinson.
Mr. Humfrey was in Court in professional costume, and near
to the seat usually occupied by him. Precisely at, ten o'clock
the Learned Judges took their seat, when,
The SOLICITOR-GENERAL rose, and said he had been
instructed to apply to the Court for a rule to
show cause why a criminal information should not
he filed against Lebbius Charles Humfrey, Esq., barrister-at-
law, upon the complaint of his Grace the Duke of
Marl-
borough. He was sure he need not say that it was with very
considerable pain he rose to perform such a duty towards e
gentleman whom he had known for many years, and for whom
he entertained the greatest respect, it was with the deepest
pain he had found that gentleman so far forgetting himseli
as to make his conduct amenable to the jurisdiction of theh
Lordships on the bench. The occasion out of which the pre-
sent complaint arose, and the circumstances under which the
sti,tements of which he complained were made, were such as
not only to justify but imperatively to demand their Lord-
ship's interposition. On the 22d of last month an election
took place in the borough of Woodstock. That election was
in the immediate neighbourhood of the Duke of Marlborough':
residence at 131. nheim. His Grace was Lord-Lieutenant
of the county and a magistrate for the division within
which the borough of Woodstock is situated. Fo,
many years his Grace had been actively engage,
in the magisterial duties within that division, and th,
statements which had been made by Mr. Humfrey
were directed against him in his magisterial capacity, in the
very centre of the division where he exercised those imblii•
functions, before those over whom his magisterial jurisdiction
extended, and at a moment when it was not at all unlikely it
might have been called into action, and under circumstance.
not improbably calculated to excite disturbance. At such
time—a time of election, which was always a time of excite-
ment—when his Grace's interference as a magistrate
might have been called for, this attack had been made—al
attack calculated to destroy his efficiency, unless their Lord-
ships should interpose on the present occasion for his protec-
tion. There was, on the occasion alluded to, something
peculiar in the position of Mr. Humfrey. He went down to
the borough of Woodstock, not for the purpose of can-
vassing the electors—not for the purpose of engaging h.
any contest for the representation of the borough, for he
had declared all idea of a contest to be utterly hope-
less • and if he had ever had such an intent, he had
wholly abandoned it—and all therefore that he went to the
borough for was for the purpose of being the instrument—he
(the Solicitor General) must be permitted to hope the un-
conscious instrument—of the malice and falsehood of many
individuals in that neighbourhood. He (the Solicitor-
General) thought the best mode of discharging his duty upon
that occasion would be by reading to their Lordships various
statements which were made by his Learned Friend on the
occasion in question, and then directing their attention te
those portions of the affidavits which gave a direct and dis-
tinct answer to charges which he must say his Learned
Friend had assuredly been instructed to make. And he was
perfectly certain when his Learned Friend heard the real
state of the facts and circumstances, he would regret a>
deeply, if not more deeply than any one, that he should have
tt usted to representations made to him, and that he should sd
incautiously and unguardedly have listened to the persons in
whose hands he was placed, and not have exercised the ordi-
nary caution and discretion in judging of the motives which
instigated them in making such statements to him. The
speech of his Learned Friend on the occasion alluded
to was one of very great force and vehemence. It
contained a variety of vague and general charges, and in-
sinuations which it was utterly impossible for the Duke to
meet, but amongst them were some specific statements and
details, which his Grace had met in a manner the most dis-
tinct and emr hatic. In order that their Lordships might
appreciate the character of the statements which his friend
had made, he (the Solicitor-General) would read portions
those general charges, which it was impossible to refute, but
which gave the tone and temper to the whole series of
calumnies. His friend said ;—" I assure You, gentlemen, that
I will state nothing harshly, but, after the most industrious
personal inquiry, I am bound to say that I believe there neve-•
was, in the history of this country, a borough so neglected—
(Hear, hear)—a tyranny so oppressive—(Hear, hear)—a
borough in which the poor were so utterly forgotten—the
sick and destitute so unrelieved—(Hear, hear)—whilst the
Duke of Marlborough, living at Blenheim, enjoys all the
honour of his princely rank, all the wealth of his high
station, without doing the slightest good to a borough 01
which he claims to be the owner and patron ;" and thei
he proceeded with an arraignment of the Duke's conduct it'
many particulars, with a series of charges distinctly made.
Now, the first case that he (the Solicitor-General) shoule.
refer to, would be that in which the Duke's character and
conduct, as a magistrate, had been inculpated, and then
Lordships would be good enough to recollect the particular
occasion on which it occurred—one on which his Grace's cha-
racter, as a magistrate, had been directly and distinctly ar-
raigned. His friend said, " there is a man named Harris—
(Hear, hear)—aye, and that name of Harris is a name whiel,
if it does not haunt the Duke upon his dying-bed, lie i
more hard-hearted even than you represent him. Harri
was a respectable man, but poor. He held a cottage uncle,
the Duke, and he kept a poor old horse. One day he ha(
taken the horse to water to a pond in your town. He hat.
no right to go to the pond, and the Duke's hayward, Timothy
Slingo, going. by, seized the horse to take him to the
pound ; Harris gave the horse a cut with his whip, and it
broke from Slingo, and ran back to the stable. Harris was
summoned for pound breach. He was fined Is. and the
costs, which amounted to 19s. 6d. He could not pay, and
he was sent to gaol. Whilst he was in gaol his creditor>
came upon him, his goods were taken in execution, and when
he came out of gaol he was a ruined man. At this moment
he is working on your roads.—(Loud cries of " Hear, hear,"
and a voice. " It's all true.") But this is not all. This mai,
was first of all taken before two magistrates, who at first re-
fused to convict him. (Here was a cry of " Here he is," and
the man Harris, amid a scene of intense excitement, was ele-
vated upon the shoulders of the people at the lower end of
the room.) Mr. Humfrey resumed—Two magistrates re-
fused to convict hint. The Duke, a fit judge in his own cause,
uas sitting in front of his dog kennel, ith a glass of ale in
his band, when the man was brought before him, and he
himself caused him to be committed to gaol." Now he (Mr.
Thesiger) was in a condition to prove to their Lordships,
that from the beginning to the end of that statement there
was not one particle of truth. In the first place, Harris at
the time was not a tenant of the Duke of Marlborough's.
And it was not the least remarkable circumstance attendant
on this charge that, not before he was convicted, but ten
months after that period, he became; at his own request, a tenant
of that very man who had thus been so wickedly and
wantonly denounced as a tyrant. Slingo was not the Duke's
hayward. He was appointed 'under the General Highways
Act, by Mr. Webb, the surveyor of the highways, and his
appointment was sanctioned, as it required to be, by two
magistrates, the Duke of Marlborough having neither directly
nor indirectly any part whatever in the affair. He had no
knowledge whatever of that appointment ; and it was utterly
untrue that any magistrates refused to convict Harris. The
fact was, Harris was taken before Mr. Cox, a magistrate of
the division, by the hay-ward. The charge was made against
him, the evidence heard—the examination of witnesses was
taken down, but inasmuch as, under the Highway Act, one
magistrate could not convict, Mr. Cox adjourned the case to
the next petty sessions for the division. This was, he be-
lieved, on the sth of May—
Lord DENDIAN—In what year?
The SOLICITOR-GENERAL...4R the year 1841. When the
sth of May arrived, it so happened that Mr. Cox did not at-
tend the petty sessions, and the matter was consequently
adjourned until the 12th. Upon that occasion there were
not two magistrates present, and ultimately it was arranged
to have a hearing at the petty sessions on the 2d of June.
Now on that day, the 2d of June, the Oxford Agricultural
Society usually met at Blenheim, and it was arranged shat
the meeting should take place at a farm-house called " The
Kennel Farm," and it was strange to observe on what a slen-
der foundation of truth all this falsehood had been raised.
The place of meeting, as he had said, was called " The Ken-
nel Farm," but there was no dog kennel within a dis-
tance of a mile of it. In consequence of the ma-
gistrates attending petty sessions being likely to at-
tend the agricultural meeting, it was arranged by
Mr. Holloway, the clerk to the magistrates, that
instead of meeting at his own house, as they usually did, for
the holding of petty sessions, they should meet at the farm
called the Kennel Farm. Accordingly, on that day, the
Duke, who always attended petty sessions, and who, he
believed, acted as chairman, together with two other magis-
trates, Mr. Murrell and Mr. Leonard Pickering, assembled at
this farm-house for the purpose of holding a petty session.
Harris's case was called on, the examinations previously
taken before Mr. Cox were read over, and, not satisfied
with that, the witnesses, both for and against Harris,
were called in and subjected to examination again. Mr.
North, the Town Clerk, who was very prominent in promot-
ing these attacks on the hustings, and from whom, no
doubt, his Learned Friend had derived his information, at-
tended as attorney for Harris. The case was thoroughly in-
vestigated—the magistrates deliberated, and decided that
Harris had been guilty of rescuing a horse which had been
taken by the hayward for the purpose of being pounded.
The Duke inquired the amount of coots, which were stated to
be 12s. 6d., which, with the expense of serving the summons,
and other miner details, would make them in the whole
155., upon which, at the suggestion of the Duke himself, the
fine was mitigated to Is. Harris was called into the
room, and was told he was fined one shilling penalty and the
costs, on which he said they might send him to a thousand
gaols but the money never should be paid. The magistrates
remonstrated with him, and pointed out the folly of his con-
duct. They also told him they would not proceed against
him for a fortnight, in order that he might be able to get the
money; but they of course also told him that if he persisted
in refusing to pay the fine what the consequence would be- ,

On the 16th of June four magistrates assembled in animated now Sir Robert Peel's plans are fully develop_eia;
petty sessions, amongst whom was Mr. Cox, who and prices have had an upward tendency, though this I
had originally beard the complaint. Harris being induced a few sales, and pa partial re-action is the result,
asked to pay his fine positively refused to do so, and in ' Consols for immediate transfer have been 99* to* it; and
consequence was sent to prison fur tburteen days—unless time the same.
within that period he should discharge the amount—his The Commissioners have given 991 for their stock.
__EX-
Grace, the Duke of Marlborough signing the commitment, chequer Bills have realised 755. to 775., and India Bonds9,its;
along with the other magistrates assembled. After stating ' premium. Bank Stock is at the advance, to 196 and
thesefacts, he (the Solicitor-General) would ask their Lord- India Stock to 287 and 288. The New 1 firec-and-a-11 Jo!
ships whether it was possible to conceive a qatement so per Cents. have been at 102* to and the Three per Cot
utterly unfounded, and so grossly malicious—so calculated to at 98i to b.
arraign the conduct.of the Duke in his magisterial capacit, -Nrry little has been done in the Foreign Securiitifeose.
and to impair his efficiency in the discharge of those ins- , Spanish are steadier, at 23* * for the Actives, and 3:31;
portant functions with which he was invested? , the Deferred. The new Ministry seems to be approve_dtcji
His Learned Friend, Mr. Erle, suggested to him to I Mexican have been 35i to and Colombian 141. V I
touch upon the minor charges as to the drinking 1 Two-and-a-Half per Cents. have realised 100* to i. In
of the ale and other matters, but they were so perfectly in- I The- report circulated yesterday, that the IV est -&"
significant that it was hardly worth while to occupy the I steamer had been telegraphed,. is incorrect.
time of the Court with them. In fact, from beginning to I A moderate business is doing in Shares, and generallyl
end, with the solitary exception of the magistrates' meeting steady prices. South Eastern Scrip, Great Western, and '4
at the "Kennel
Kennel Farm House," there was not a single word or two others are rather buoyant.
of truth in the statements which had been made. And now BRITISH FUNDS HIS DAY AT ONE O'CLOCK.
lie would ask their Lordships whether it was to be endured (From the Official List)
that at such a crisis, when disturbance was likely to arise
and an appeal to the passions of the people about to take place,
that charges such as these were to be brought against au in-
dividual in his magisterial capacity, and whether, being made,
the Court would hesitate for one moment in exercising its
summary power of giving instant protection to one thus
assailed. He would now proceed to another charge which,
if no answer was made to it, would make a very serious im-
pression upon the public mind, but which was as false as all
the other charges his friend had been instructed to make. In
another part of his friend's address to the electors of Wood-
stock, he said—" There's a man standing there—Castle.—
(Hear, hear.) He made a coffin for the remains of the late
Duke of Marlborough, and has not been paid for it to this
day. The Duke will not pay him, because he said he did not
order it.—(Hear, hear.) Whv, what do you think of
prosperity to the trade of Woodstock' after this? Mr.
Whateley—You have been misinformed upon this
point, Mr. Humfrey. Mr. Castle—lt's all true. Mr.
Humfrey—The question is, is Castle paid ? (Castle
'No.') The Duke is buried in Castle's coffin. Castle has
applied to his son to pay for making it, and the son has not
paid.—(Hear, hear.) This, I think, is a climax." Now, what
were the real circumstances ofthis case ? The late Duke of Marl-
borough left a person of the name of Glover, his residuary le-
gatee and executrix. She had given orders for the funeral, and,
amongst those orders, one to Castle for the coffin, when the
present Duke arrived at Blenheim; and requested to have the
sole superintendence of the obsequies of his parent. It was
conceded, and all the expenses, under the direction of those
who had been employed by him, had been paid. The whole
amount was between 4001. and 5001., and this had been fully
paid. It is true the Duke had not paid Castle, and the reason
was, that his charge was a fraudulent and an unjust one.
Castle had charged for the material for making the coffin,
which material had actually been supplied from the timber
stores at Blenheim. The Duke expressed his determination
to pay for the labour and the workmanship, but he refused,
and properly refused, to pay for that which Castle had no
right to -charge, and then this was made the ground of one
of the most serious charges of dishonesty, and of an attempt
to defraud. Now, he (Mr. Thesiger) would go to another
charge. Mr. Humfrey, in the course of his address, said—
" Gentlemen, I will tell you a tale about the park, which
will give you another example of the petty tyranny of the
house of Marlborough. There was, a short time ago, in this
town, a Mr. Jardine, a respectable tradesman. You all knew
him. His wife was slowly recovering from a serious illness
-after her confinement. One day Mr. Jardine took her out
into the park in a garden chair. She was very ill, and com-
plained of being shaken by being drawn over the gravel.
Her husband drew her on the grass. He was seen, and
summoned. A fine of one farthing was intlicteel, and
the costs were I don't know what. Good God Almighty !
if there is any justice in heaven or on earth—it' there
s any right feeling between man and man—let Lis join
in denouncing such conduct as this." Their Lordships 'would
,ee how necessary it was that his Learned Friend should
lave instructed himself in the real facts in this case betiore he .
made so serious and solemn a charge. He w'mild best answer
,fiat charge by reading the affidavit of one Elliott, the park-
.ieeper to the Duke of Marlborough. (The Learned Sol Icitor-
ileneral here read the affidavit, which deposed that J itrdine
was constantly drawing a carriage over the sward in th i park
iiid destroying it ; that he had been frequently desired to ilesist,
~nd had always replied he would make the park a public
-.Dad, and that the park-keeper had at last, in pursue: ice of
::is' duty to the Duke, been compelled to summon the man
',Wore the magistrates, in order to prevent the continu(id re-
,urrence of the damage.) Having finished reading this, the.
`'olicitor-General proceeded to say, these and all the other
charges were thus similarly disproved by the most incis-ntes-
Able evidence; and he thought he was not praying fur too
'nuch from the Court when he asked the exercise
f its summary jurisdiction to • protect the 'chaii.acter
ind feelings of the Duke of Marlborough.
After a consultation between the judges of nearly a qvtarter
of an hour,
Lord DENMAN said the words quoted as having been used
by Mr. Humfrey, imputed grievous charges, which it w.tis by
no means to be wondered at his Grace the Duke of 111arl-
'oorough was anxious to rebut. There was host ever
only one ground on which the Court could even
,ior a moment think of exercising their summitry jurisdic-
tion and that was a repeated -attack on the _puke
of Marlborough in his magisterial capacity. On
the other grounds stated, the Court could not for
an instant think of interfering. And even upon that on
which himself and brothers had hesitated for a moment about
their unanimous opinion on consultation was, that as the
attack was not on the magisterial capacity of the N oble
Duke when in the actual exercise of magisterial functtions,
Which would have made the case assume a very different
aspect, the Court would be making a precedent where bone
already existed, and must therefore decline to interfere.
Rule refused.

UNION HALL.-(THIS DAY.)

Thomn:s Weddell, a man represented to have formerly car-
ried on an extensive trade at Kennington, was charged tvith
stealing 2s. 6d. from the till of the Goat public-house, Cleaver-
street, Kennington. The prisoner had been at the alcove
house on the preceding night, and, in the absence of the I:taid-
lord a moment from the bar, took an opportunity of draw-
ing out the till, from which he purloined the sum mentio lied.
The landlord, in detailing the facts, said that he felt Itery
great sorrow in seeing the prisoner placed in such a position ;
that he had known him when he carried on a very respect-
able business ; and that his present condition was mainly at-
tributable to dissipated habits, to which he had recently given
himself up. The complainant added that he did net waltt to
press the charge.
Mr. Tiuux said that it was lamentable to see a man of the
prisoner's appearance place himself in such a degraded sit; ua-
tion ; that as the complainant expressed a wish not to
ro-
secute him, he should therefore discharge him, advising itihn
not to place himself in such a dilemma again, otherwise he
would be treated very differently.

CLERKENWELL.-(THIS DAY.).
John Spillan, who has been four times convicted of 'As-
saults on the police, within a comparatively short space of
Eime, was brought before Mr. Combe, charged with violently
assaulting police-constable 124 E.
It appeared from the evidence that on the previous night,
jetween eleven and twelve o'clock, the prisoner, who was in
liquor, was creating a disturbance with five or six other f;el-
- when the constable desired them to " move ,:n."
complied, with the exception of the prisoner, who becaane
most insolent and unmanageable. The officer took him isato
..ustody, but the ruffian kicked him in a brutal manner on
the legs, so as to occasion him very great pain. He was re-
moved to the station-house with much difficulty.
Mr. COMBE—What have you to say to the charge ? Pii-
,oner—lt is false.

Mr. Comm—Lava you any proof that it is so? Prisoner
—Not a bit.

Mr. COMBE—What sort of a character is he? Policeman
—One of the worst in St. Giles's.

Prisoner Vel, your Vorship, I acknowledge I'm bud
enough, but there are vorse ; and I was arter drinking with
a couple of cronies.

Mr. Comm—Then you must pay 1/. for the assault.
Prisoner—A pound! Vy, I have not a blessed fardin in
my company.
'Mr. COMBE—Then you must go to prison for a fortnight.

Bank Stock
3 pei•Cent. Reduced Annuities .....»....«....»•• Wit 75, 7121,h li
3 per Cent. Consols. Atinuiti(5............ Ol 99t74."
3% per Cent. Annuities, 1818 1
3 per Cent. Annuities, 17.0 96
3% per Cent. Reduced Annuities .... ,01A575,1415
New 3% per Cent. Annuities.......... ........... .la 16
Long Annuities, Expire sth Jan. 1860......... .. lx7o '
India Stock
India Bonds,l,ooo ...
Ditto under 1,000 .......................„..........» 92
Bank Stock for Account
Consols for Account .. ................... ........
..
Exchequer Bills, I%cl. 134 d.. .
1,000/. ....... •••••••.• ........ 77 psi.
5001..
Ditto 5ma11..... ......... ...
FOREIGN FUNDS THIS DAY AT ONE O'CLOCII.
Columbian Bonds. ..... ••••••••• •••••••••••••••••••• 14
Mexican Bonds, t 837, 5 per Cenet. . ........... .....
Ditto for the Account ••»...........••«•„•...».• 35
Ditto Deferred 5t0ck.......... ....... ..... ...... ... 15
Spanish Bonds. Five per Cent 1840............... :A wig
Ditto for the Account ••••••• ....... ..." ....... ".. Xir wi'
Ditto Three per Cent. ..... ...m00...« ....... ••••
Ditto for the Account 33
Dutch 5 per Cents ....... 100
New Loan 1837. 5 per Cents.
PRICES OF SHARES THIS DAY AT ONS.
RAILWAYS. PAID. Pea SHALL
Birmingham and "Gloucester
......
Ditto New
Bristol and Exeter 7O 7u 7534... to ii
Rri.tol and G10uce5ter.............. 30
Caledonian 434 ..... .to
Chester and Holyhead 5
Eastern Counties
Ditto New Registered 81. tis. 8d....... 115:1.........::::: ttoe: ...ii/6.
Edinburgh and Glasgow 50,. ... .... 66 ••••••• t.
Ditto Registered
Gls.-gow and Dumfries ll4 ..... -1 ' ...... to."'
Great North of England
two X 16%
Great Western
Ditto i Shares 5O 75 ...... to
Ditto I. ilths l2 ......... PI .......•.. to
Hull and Selby
London and Birmingham lOO • .•••.231 ......... CO 71N
London and Blackw.:ll 16%...... 8 ........ .10 _
London and Brighton
London and Greenwich
Lunuen anti South Western 41% ...... K.% ....•• t° 4
Ditto Eighths
Manchester and Birmingham ... 40
...,„
Northern and Eastern 45 5714 ......to
..,,
North Midland
Norwich and Brandon
South Eastern and Dover - ms
Ditto New
to
•
,go
York and North Midland ......... 50 l2l ........
Ditto Scarboro' Branch 234 ...... ;9 ..... .... It°.. ;
Paris and Orleans ................
Rouen and Havre

LLOYD'S SHIPPING.-(THIS DAY.)
LONDON, MAY 7.—Light northerly breeze, and fine clear
weather.
DEAL, MAY 6.—Wiad N.E. to N.N.E. light.—Sld. Ran-
dolph, Cape of Good Hope ; Jos. Anderson, Jamaica ; Arc-
turs, Llanelly, Cape of Good Hope.
PORTSMOUTH, MAY 6.—Wind N.N.E. to S.S.W.—Arrd.
Cleopatra, London for China.
PLYMOUTH, MAY 6.—Wind variable.—Arrd. Wm. Brom-
hand, Taylor, Sierra Leone.
FALMOUTH, MAY 6.—Wind N., moderate.—Off Glenairn,
Guy, New Zealand ; Ulverston, Smith, Mauritius ; Vesta,
Matanzas, for Bremen.
WHITSTABLE, MAY s.—The Hero, Harris, of this port,
from London, sank in the Bay yesterday morning, but has
been raised and into the harbour.
Or' SALCOMBE, MAY 3.—Henry Tanner, China.
MUMBLES, MAY 2.—Sid. Ellen Simpson and Jane Boyd,
St. Jago de Cuba.
The Johanna Sophia, from Stettin to London, foundered
below Casarow and Oil, during a gale.
LIVERPOOIi MAY 6.—Wind E., light.—Sld. Alice Kilham,
Colchester ; Pera and Peruvian, Ichoboe ; David Banks,Balna ;
Triton, New York ; Blonde, Quebec ; Abigail, Amherst ;
Cheetah, Newfoundland. Off, Independence, Nye, New York.
CORK, MAY 4.—Sid. Clio, St. John's, New Brunswick ;
her Majesty's ship Vernon, Portsmouth.
OFF CROoKHAVEN.—Azannuta, Roger, Bombay ; Ann
Rankin, M'Arthur, New Orleans.
TORQUAY, MAY 4.—Sld. Leander, Miramichi.
LLANELLY, MAY 3.—Chelydra, Valparaiso.
GRANGEMOUTH, MAY 4.—Sld. Ocean, Cape of Good Hope.

MONEYAND COMMERCIAL NEWS.
CITY, QUARTER TO THREE

The sales of Cotton at Liverpool yesterday were 7,000
bales, of which 2,000 were on speculation. Prices were firm
for all descriptions.—There was a good business doing in
shares, and prices in some instances rather advanced : Bir-
mingham and Gloucester were 96 ; Caledonian, 4# ; Dublin
and Cashel, 4* ; Great Western, Half, 744 ; Birmingham,
232 ; North British, 2i ; Paris and Lyons, 3/. Is. 6d. ; Do.
and Orleans, 37i ; Do. and Rouen, 37i ; South Eastern, ;
Do. Scrip, I la.
The all important topic of conversation in the City this
morning is the exposé made last night in the House of Com-
mons of the intentions of Government on the subjects of
banking and currency. In general the plan as proposed by
the Premier meets with approval, but the subject requires,
it is admitted, a more careful attention than has yet
been given to it, owing to the shortness of the time
that has elapsed since those most deeply interested have been
made acquainted with the details. For this reason it is pro-
bable that the meeting of the Bank Proprietors, convened for
this day, will be of short duration. The papers will probably
be ordered to be printed, and then an adjournment be carried,
to allow the Proprietors time to consider the terms upon
which the charter is to be renewed. The Joint-Stock Banks
are well satisfied with the concessions that have been made
to them. - •

JOINT STOCK BANKS. to li
London Joint Stock
London and Westminster .......« 20
6. UPI
A
MANCHESTER STOCK EXCHANGE, MAY - ,„ 0° fa"
there has not been much business done to-day, pvi,ll;•
firm i—bheffield and Manchester, SOi ;Trent 'Valley, •

MARKET NEWS.-(THIS DA-1.)
HAY VIARZETS, or.

SMITHFIELD.—Coarse Meadow Hay, 2/ 12s to 51;
ful ditto, 313 s to 31 10s ; fine Upland ditto, 31 I_S! 11 SO
16s; Clover Hay, 3/ 5s to 5/ ; Vat Straw, 116 s 7p.,,t
V% heat Straw, 118 s to 1110 s per load. Trade throngl.l9""
at about stationary prices. , str
CUMBERLAND.—Cuarse Meadow Hay, 2/ 16s to N ra • 41
MI ditto, 3/ 8s to 31 13s; tine Upland ditto, 3/ 14, Toot
Clover Hay, 3/ 5s to 4/ 15s; Oat Straw,, It 7s to 1/9s; 'sod A
Straw, 11 8s to 1/ 12s per load. A limited supply'
steady demand. 51 65 ;
WIIITECILWEI;.—Coarse Meadow Hay, 2/ 131 12, t.
useful ditto, 31 6s to 3/ 10s; tine Upland ditto, 01 li is;
3/ 16s ; Clover Hay, 3i 58 to 5/ 53; Oat Straw, 1168- t!PA.
Wheat Straw, 11 Ss to 1/ 105 per load. Supply'

trade dull. . -
SCGAR.—The market for British Plantation is fA.'"
owing to the very limited supply, only about 200 ob'
been sold, for which, however, fully previous prices 011))010
tained. The public sales have consisted chiefly of 11,47 titc;
Bengal, 471 Mauritius, 3,104 boxes Havannah (sibn,u-ge4):
thirds damaged), and 1,167 bags Manilla (partly illiur-rs P
The Bengal and Mauritius only partly found , burat 171
previous prices. All the sound foreign was take/ in
to 22s 6d for low brown to fine greyish yellow lismc—oillh
and 19s 6d to 20s 6d for good to fine strong brovro
being much above the value; the damaged sold °as tv,
tively cheap, viz., at 14s to 21s for the former, An' lode"
18s for the latter. The quantity of British Plantstift,
last week at the East and West India Docks was no 011
5 tierces 73 barrels. The stock of British Plantatisn,wces,
port of London on the Ist inst. was 4,142 hhds 61.9
against 6,786 hhds 989 tierces at the same time iss
The stocks of Mauritius, Bengal, and East India aro
than last year. The consumption of British Plantst toa
increased a little this year. t
COFFEE.-782 bales Mocha, 3,987 bags East India 4cctioe,
Padang), and 1,769 bags Costa Rica, were offered by ant 720
only about one• third of the Mocha was disposed 4110 r,
to 82s for mid to good quality, being for the former 11°00
tion barely previous rates. A small portion good ord for
Batavia sold at 325. The Padang was all taken in a" bIA
very good ord greenish, which is about the previous val?e4., of
at which there were not purchasers. About twe-tllll., and
the Costa Rica found buyers at 54s to 58s for ,
e/ •
brownish to fine ord bright greenish, and one lot at 63g 15:
fully the former value. The stock of Coffee on t'7,00
inst., in the Port of London, was 2,249 hhds, 1,888 13r.-tiale
bags, against 3,079 hhds, 1,896 brla and bags at 01°
last year. t
Rot.—The quantity landed last week at the ;130
West India Docks, was 113 puns, 19 hhds. The 5t0c.,1,`211,111,101
port of London on the Ist inst. was 10,660 puns 2,9'
against 15, 961 puns, 5,300 hhds, at this time last year' .t 241
SALTPETRE.-1,(X0 bags at auction were taken in P
6d to 268 for 16i to 8i per cent. refraction.
SPICES.-946 bags Pepper sold at 4d, and one lot irsfife
good heavy brown Malabar, which is about the coInPAI
value. tro
T.ttLow.—P.Y.C. is dull at 40s to 41s per cwt 011 tllB,l
and Town at 42s per cwt.
TEA..-- Prices continue steady, with a moderate blifri°
doing.

NEWMARKET RACES.
(RECEIVED THIS DAY.)
NEWMARKET—MONDAY NIGHT... WO:
ENTRY FOR TUESDAY.—The R. M. Plate.-011,4001°;
hill's Elemi—Lord Exeter's Pergularia—Lord A.."' pen
Winfarthing—Duke of Rutland's Welbeck—Mr. Ju°'„auci'
Vates—Lord Chesterfield's 'fiddly Winks, and Mr. '"--
Seven's the- Main. Duke
T. M. M. Plate, winner to be sold for 2001., Ste---, lite,
Grafton's iEsop, 4 yrs—Lord Exeter's Maria Dias,-iir's
Lord W. Powlett's Falconer, 3 yrs, and Mr. Bate°°"'
3 yrs.
The Miser Scarve receives from Plush.
Epsom receives from Sister to Martingale.
Ti.e match between Oakley and Emma is off.
asftbe
FOOT RACE FOR TWENTY POUNDS.—Yester obs
foot race of 140 yards between E. Smith and Tess parker TV
pugilist), came off near the Old Hat 1110, at Ealing:, cow
match created much interest, and drew together a lart'esdi°l‘
course of spectators. At the start, Parker took the.d or
thirty yards, when Smith challenged him, and a IsPirl•b Olel/1
test ensued; Gnu after some strenuous efforts by b°t Wt.'
Smith came in the winner. The race was a well' gosi
one. In the betting Smith was the favourite, and
~_,
deal of money was speculated. . ii LP'
i. .41100 it
PRINTERS' ALMS-HOUSE FUND.—Last e•-- holu -it
annual meeting of the subscribers to this fund ri"B ll°'.
the Mechanics' Institution, Southern pton-building:lffeet
born. Mr. Taylor took the chair. The third an,_n°,„ute fie
was read by the Secretary. It commenced witt_,,,'"' satii
marks on the benefit of the charity, which had 1--,„bere °
Wished fir the purpose of relieving distressed 10e"istio°5;
the trade, according to the particular rules and robe; Audit',
The report detailed a number of subscriptions', 1%000-
those received from persons employed on the vari°ll%to el;i
politan newspapers. Sums bad also been derived,l,ru, tot
cursions and other entertainments, making SOL OL es- 114.'...)
received towards the funds during the year wall 287 to "r
and the expenses were merely nominal, amountlby Or
more than about 18/., rim king the entire sum receivf„dent 4,
Committee during the three years of the establish `" 300'
the fund, 1,140/. 14s. 5d., deducting all expel-1'511,0 toll;
stock had been purchased during the year, makinfinted, tt
6001. The report having been received and alrthe PO'
usual formal business was gone through, after whit ocetilloi
ject of enrolling the Society was agreed to, and to
°t
separated. —"..'n'
_____---------- it
,
BIRTHS. the lady
`s
the Ist inst., at Hanover Lodge, Streatham, '
I°
Richard Rushton Preston, Esq., of a son• Collor' (
On the 2d inst, at Battersea, the lady of Dr. S''
daughter. of J.
On the 2d inst., at Hyde-park-square, the lady
I
B qosanuet, E, of a son. James 14411
On the 2d inssq. t., at Camberwell-grove, Mrs.
ScOno of a son. tte, t
tt,
the 28th tilt , at Coblentz, on the Rhine, 12C arlu
wife ofJohn H. Gow, Esq., ef a son ~,, ~, AO '
On the 2d inst., in Queen Ann-street, Cavenwa-- -
the wife of Captain H. T. Hitchins of a son. , on. „,,
On the 3d inst., at Sydenham, 31;s. C. Toller, °lt/ $
MARRIED. Albei
ust*
On the 30th ult., at St. George's, Hanover--qd-
Way, Esq , son of the late Rev. Lewis Way, of Sriiir of A
Sussex, to the Hon. Emmeline Stanley, 41E4
Stanley, of Alderley. 111414 10:
On the 30th ult., at Bentley, Hants, Thornaßorer of i
of the Audit-office, to Frances Agnes, eldest dares ~..,
..400,1'4"
Jerdan, Esq. rate.— file
On the 30th ult., at Clapham Church, John .014 W 0
of Wood-street, Cheapside, to Eliza, fourth
the Be
Morton, Esq., Lark-hall-rise, Clapham. burgh, ,ter
On the 2d inst., at St. John's Chapel, Edinburgh, dattlill ,
Henry Blisset, of Letton, Hereford, to Jatrugh, 4 0
the late J. Hope, Esq., of Moray-p Lice, Ediuembert°l4 srolie
On the 4th inst., at Hackney, 'Thomas ,E. John
jun., of Birmingham, to Lucy, third daughter w
Esq., of Hanger-lane, Tottenham.
siu, Egli.*
DIED.
of Bev.t.ll:e: ' ,
it alai r°"'
On the 22d ult., at Tottenham, —° iett a
liteur
R.N., aged 56. Esser'
On the 29th ult., at Castle Heddinghiun, sat 0
- rmof 'l°
daughter
widow of the late Cvlone*l GMraiffirthesiciest
On te Ist inst , Sophia .r.e, 014
Brompton, aged 66.
Mro.li John
the 3dR aitni
sdta,l,l‘orfilGlioav‘m,ers street
lu ii , NE
sogr.t,ho. f
a„,, d ug
On the 3d inst., Ellen Ann, Younb-st
mho Wolle, ?
Dixon, of Cheapside.,
Luck get q
On the 3d inst., Elizabeth, wife of ,i, 00
•ce,,, 8010
of OBneetsitioen3, dNiontsttin g3hiaarym;htihree. wife.
Esq., of High Wycombe, Bucks.
~,
arles ma,
On the 3d inst., Louisa, wife of Un
• gfield, Uplv le
Perrysfield, Surrey. Esq., of SPrin
On the 4th inst., George Taylor, .
nut? e
Clapton. t William u
r.fa A.8.-A-
Geddes, ----_!..--- :::---:,
treet A.
On the sth inst., in-Berners-s
_:„....„---- - u.so,,et
vilolenStmheitl
London : Printed and Published Eitlibt:tolf iDfr. I •
bre 8.
. 0 0 ce'
ti of
4th inst., in Gracechurch-street, ,
No. 112, Strand, Printer, at
yen kith, coo
Strand, in the Precinct of the a
Middlesex, Tuesday, May 7, 1141.

The following remarks from the report of the Manchester
Stock Market, by Messrs. Railton, are worth the attention of
intending subscribers to new lines :
"The prevailing spirit for speculation in new rail Way pro-
jects, and the imposing manner in which some of them are
set forth, renders it very difficult fur private individuals to
steer rightly with their interests in such matters; and the
embarrassment is increased when persons, professing to be
share brokers, place their claims on every list of applicants
for the allocation of shares, thereby hurrying on premiums
by which unpractised adventurers are attracted to their
detriment. Thus circumstanced allocating committees should
weed out their lists with due discrimination, to keep jobbers
as much in their right position as possible. The great and
increasing amount of national wealth, arising from individual
industry and care, now attracted by railway establishments,
and on a rapidly growing scale, renders it desirable that per-
sons unacquainted with the relative value of railway- stock
should not allow themselves to take a first step r move, by
thus investing property, without the aid of some intelligent
and disinterested private opinion to govern them."
The Stock market, as was anticipated, has become more