The Sun.
London, England, 1844-11-29 00:00:00

rb bitton

SUN OFFICE, Seven o' Clock.

PftICES OF SHARES
tti A NALS, RAILWAYS, BANKS, ASSURANCE
AND OTHER COMPANIES' STOCK.

LONDON, FRIDAY, NOY. 29.

Dividend
Per
Annum. ;

Amount !

Names of Com-
panies.

Paid.

:Pric

Share.

54 ACT cor.t.
41.

& d. £ &
,97 18 0 .-
113 0 0
100 0 0
150 0 0

' 8 0
100 15
1 0
0 100 0 0
100 0 0
100 0 0 1
100 0 0
jlOO 0 0
100 0 0
41 13 4 41 13 4
133 0 0 i
100 0 0
100 0 0 100 0 0
100 00 1
100 0 0 •
100 0 0
100 0 0
172 13 4 100 0 0--
100 0 0
150 0 0 --
57 B 8
39 18 10
47 6 8
100 0 0
140 0 0 --
83 10 0 .-
142 17 9
100 0 0
109 0 0 --
100 0 0
100 0 0
100 0 0 All paid
100 0 0
100 0 0
78 0 0
33 18 8
85 0 0
125 0 0 --
150 0 0
12 10 0
140 0
125 0
145 0 0 —.
79 9 8
100 0 0
26 9 3 —.
50 0 0
19 5 8
100 0 0
100 0 0
78 8 0
67 10 8
106 0 0
110 0 0

4€. 10s.

4 per cent,

401.
.15n.

I L 511.

S 1 12 .Bd.

. I. 10s.
344
101.

3
17s. C.

10/.
e percent.

!30:.
IL 10s.
151.

104
toe.

100 0 0
Stock
Stock

lA7 9 0

Stock

50 -0
0

50 0 0
63 9 8
50 0 0
I$Q 0 0

Iro (0,

70 10 3I - -

500 0 0
25 0 0
100 0 0
100 0 0
50 0 0
250 0 0
' 50 0 0
100 0 0
100 0 0
5000
.1000 0 0
20 0 0
20 0 0
20 0 0
Stock
100 0 0
25 0 0
25 0 0
500 • 0
100 0 0
100 0 0
100 0 0
50 0 0
25 0 0
25 0 0
20 0 0
50 0 0
50 0 0
20 0 0
100 0 0
5 o
Stock

36 10 0
2 10 0
2 10 (

10 0

100 0 0 i 5 15
100 0 0 6 5
201) 0 0 00

40 0 H I 40 0

-
50 0 6150 6

- 20 C
100 0 0 25 0
100 0 0 20 0 0
100 0 0 20 0 0
50 0 0 10 0 0
1000
25 0
00, 257 10
00
0
10 0 0 10 0
50 9 0 17 10
100 0 • 95 0
20 0 0 10 0 0
50 0 0 10 0 0
25 0 0 25 0 0
50 0 0 10 0 0

20 0 0 10 0 0
-40 0 0 18 0 0
29 0 0 19 0 0
77 10 0 •-•
50 0 0 50 0 0
20 0 0
20 0 0 -
20 0 0 20 0 0
100 0 0 100 0 0
100 0 0 75 0 0
75 0 0 31 5 0
50 0 0 28 0 0
50 0 0 50 0 0
50 0 0 50 0 0
25 0 0 20 0 0
30 0 0 30 0 0
50 0 0 39 0 0
100 0 0 80 0 0
50 0 0 25 0 0
54 0 0 18 0 0
50 0 0 -
50 0 0 10 0 0

2500 25 0.
100 0 0
41 13 4
100 • e .....

480
230
ab
240

I SPIRIT of the PUBLIC JOURNALS.
FROM THE EVENING PAPERS OF THIS DAY.
GLOBE.—The great financial truth which Mr.
Goulburn,,though Chancellor of the Exchequer, has
yet to learn, that " high duties diminish revenue," is
daily exemplified. The proceedings in the Court of Ex-
chequer on Wednesday against certain delinquent to-
bacco-dealers, whose smuggling speculations on a large
scale has excited the attention of the revenue officers, fur-
nish convincing evidence thatwhere exorbitant duties are
levied on any article, the smuggler will interpose,
and divide the market with the honest importer,
whom he will undersell, and yet obtain an enor-
mous profit. The illicit trader, who deals with the
contraband importer, replenishes his stock at prices
vastly less than he can procure the article for from
' the fair dealer. He can, therefore, undersell his
a honest neighbour, who is eventually compelled to
3% close his shop and retire from the trade. The
's revenue, in the mean time, suffers to an enormous
,05° extent—not merely by being defrauded to the amount
A:5 by which the duties are evaded, but in the immense
es
55i expense at which the coast-guard service, and the
440 other penny-wise-and-pound-foolish devices for pro-
-110 tecting the revenue against illicit importation, are
ss maintained. Fill up the useless hole which folly dug
2° in the high road of commerce, and the corps of watch-
sic) men, with lights and staves to guard against acci-
dents, which is kept up at a great public ex-
-121 pense, might be diminished, if not abolished. The
4)l°W high duties levied upon the importation of wines
640 also exemplifies and proves the same financial truth.
13° The Manchester Guardian of Wednesday refers to,
71
1140 and gives the result of, an " elaborate table," annexed
gto the circular ofan extensive wine house of Manchester.
117 This document states the quantities of the different
2° kinds of wine imported yearly from 1784 to the pre-
/5
9115 sent time; with the various rates of duty payable on
5°54, each; the produce of those duties • and the amount of
a consumption per head of the population. This state-
went deserves the attentive consideration both of the
s Government and the public. The former it will in-
struct in the suicidal effects of exorbitant duties upon
the revenue; and the latter it will furnish with facts,
on which to base applications to the Government and
the Legislature for their diminution or removal. From
this table it appears that, notwithstanding the
immense addition to the population during the
last fifty years, the average quantity of
wines consumed in England and Scotland
alone, taking the nine years preceding and
terminating with 1795, was greater than the
quantity consumed in England, Ireland, and Scotland
on the average of the two last years, 1842-3. In the
former period the quantity taken was at the rate of
5,524,890 gallons ; and in the latter period at the rate
of 5,412,104 gallons per annum. The respective rates
117 of duty during the former period were 4s. 10d. on
101 French wines, and as. lid. on the wines of all other
countries ; while the duty at the latter period is ss. 9d.
. per imperial gallon of all kinds, except Cape. The
2154 effect of this increased rate of duty on the consump-
16*
3S tion of the article, and consequently on the revenue
34 derived from it, is manifest. "Itis a singular fact,"
26!,1 remarks the journal to which we have referred, "that
24
120 the duty received in England and Scotland on foreign
'‘'34 wine, in the year 1795, exceeded, by about 20,0001.,
that received in 1842 in the whole of the United King-
" ° 74 dom I But, probably, the effect of high duties will be
5 0 0 19
11 0 o .19.4% most forcibly exhibited by the average consumption per
g g 00 a head of'the population. In the ten years ending 1794
55 0 a the (average) consumption was equal to three bottles
510 o 0 7 and a half per head ; whilst in 1842-3, it had sunk
26%
10 0 0 to one bottle and four-ninths, being rather less
/ 5 5)9 than 42 per cent. of the former amount." • Were the
1250 • 0 400 wines of foreign growth to be admitted at a moderate
All paid
1/.20 s. rate of duty—suppose of one shilling per gallon—the
2 0 0 13
3 0 0 increased consumption would in a few years com-
-40 141
. pensate the temporary loss to the revenue ; while the
79
comfort, health, and even the morals, of the people
1 would be improved. The apprehensions which are
E 9
us sometimes urged, in the absence of sounder argu-
-271'11 ments, against the admission of foreign corn free of
4ssi
sia duty, will be employed against reducing the duty on
16 wine. It will be sai3, "If we admit the foreign
16
2% article free of, or at a low duty, we shall be placed
40s. at the mercy of foreigners for a supply; and, in the
els. event of a war between Great Britain and the wine.
24, producing countries, the supply would cease." The
112 objection is more specious than sound. The use
of wine, even were the duty diminished, would, in
is such a case, be still principally confined to the classes
who could easily betake themselves to another exhili-
rating beverage, even though the supply of wine were
44 limited ; while those who now regularly drink wine
46% would still manage to procure their accustomed glass
to 1• at a price not greater than is now paid for the article.
14 The, diminution in the consumption of barley which
se% a considerable increase in the present consumption of
133; wine would occasion, would be also urged against a con-
-434 siderable reduction in the wine duty. This also, though
to a more formidable objection than the former, is scarcely
41k4 tenable. The agriculturists—who would employ this
'argument against lowering the duty on wine—are
125 using every exertion to render this country inde-
_% pendent of foreigners for a supply of corn. By all
the appliances and means which modern discoveries
22 in science can supply, the land is to be made in-
-20
25 creasingly productive, to curnish adequate. supplies
tso of food for the constantly increasing population.
I°l But in that very proportion in which the demand for
23
barley is diminished, bread. corn will be produced ; and
74 thus the object for which the agriculturists are striving
ise with so much commendable earnestness will be assisted.
2This argument may also be employed with enct
s in resisting the attempts which are now being made
z by the farmers to obtain the abolition of the malt-tax,
60 at the cost of retaining the income-tax. A removal
40
76 of that impost would increase the consumption of
al barley; but then a larger breadth of land sown with
548 barley would reduce the quantity on which wheat is
6
IS% grown ' • and thus the necessity for importing wheat
from other countries would be created by the British
se agriculturists, who affect so great a horror of our
9,3 being dependent on foreigners for a supply.
56
60 STANDARD.—By what is called, in newspaper
57 phraseology, a curious coincidence, we have the or-
Bans of the two extreme parties in England—" the
36 old Whig-Radical party " and " the Young England
party," viz., the Morning Chronicle and the Morning
19 Post, this day attacking the policy of Sir R. Peel's
97
so Government upon the very same ground—the alleged
4% predominance of the French above the English influ-
Aonce in Spain, in Egypt, in Turkey, and in Greece.
212%
61 As it is not pretended that England has sus-
-118% tained, or is likely to sustain, any material loss in
141% cont6quence of this alleged inferiority of influence, we
2,87,, can afford to examine the question calmly and in the
61;ii abstract. And thus examining it, we think we shall
12% find, even supposing the allegation much better founded
than it seems to be, that in the state of affairs de-
-2,,Tv scribed, we have no reason to be ashamed or
474 i alarmed for our country, or for blaming our Govern-
I %
6% ment. England and France are at the head
gg of the nations of the world. United they can
219
rjt.i command—we trust long will command—the peace of
3}s the world; and while this happy state of universal
76
16% peace is preserved, they will in a great degree share
113 the influence which their ascendancy gives. them, in
5C%
more or less equal proportions. These proportions
109 will of course be determined according to the univer-
-5
12 sal and immutable laws by which the con-
-57 duct and the feelings of mankind are re-
-414 gulated, laws which no. diplomacy can seriously
39% affect. Now it may be stated, as a proposition ad-
-2t% P
265% milting of no exception, that all nations are naturally
25
Se jealous, that they see with pain and apprehension the
IN rapid advances to a marked ascendency of any one
51% nation ; and that when competition on their own
part is hopeless, they will (except under the pressure
3% of danger to themselves) rejoice to assist a rival in
reducing the ascendancy of the object of their
4 7 jealousy. Now we say it with regret, though not with
n regret that England has advanced, but with regret
ti% that France has not kept pace with her—that England
y; has advanced more rapidly in prosperity and power
during the last half century than any other nation
—more rapidly than any nation ever before ad-
z vanced. Here, then, is an occasion of universal
0,4 jealousy ; a motive to every nation on the face of the
earth (other considerations apart) to aid our next
ra neighbour—our rival, but still, we hope, our
4 friend, to come up to our level. Prima facie
is
4% every nation in Europe would, for the reason stated,
allow a preference to the French before the English
14 influence, but with respect to the nations bordering
354 upon France there is a counteracting principle.
34;i France, though perhaps absolutely less powerful, is
relatively to these bordering nations more power-
!l ful than England—she can injure them much more
7K easily than England can, as they have felt too re-
,a cently to forget the lesson. It is only in the coun-
tries protected by distance or by local circum-
sx stances, from French power, that the common feel-
ing of jealousy has full play. In aid of this common
✓ feeling there are other motives at work in those
4 countries where the English influence is said to
7 have declined. In every country where men can
i pretend to think, nay, in every council of the
I most despotic state, there will be two par-
( ties, and these parties will seldom be very
scrupulous as to the means they employ to se-
-1 cure their own preponderance; but in the pre-
-1% sent condition of Europe the least scrupulous
party, if it desire a change, whether that change
be from despotism to freedom, or from free'lom to
despotism, will naturally attach itself to the French
influence. Non-intervention, honestly pursued, has
been for centuries the characteristic of British
policy. We hardly remember an exception, save
under the Whig Governments of 1827 and 1831 ;
and Whig Governments aro themselves, happily,
exceptions to our whole system. It would he an in-
sulting irony, to say the same of France. Even since
the Restoration of 1815, France has, on more than
one occasion, shown herself too prompt to violate
the independence of her neighbours, witness the
Duke of Angouleme's expedition to Spain to
establish despotism, Marshal Gerard's invasion
of the Netherlands to support an unprovoked re-
bellion, the occupation of Ancona, and other

BY THE QUEEN.—•A PROCLAMATION.
VICTORIA, R.—Whereas our Parliament stands pro-
rogued to Thursday the 12th of Dt.ceniber next, We,
with the advice of our Privy Council, do hereby publish-
and declare, that the said Parliament shall be further
prorogued, on the said 12th day of December next, to
Tuesday the 4th day of February next; and We
have have given order to Oar Chancellor of that part of
Our United Kingdom called Great Britain to prepare
a Commission for proroguing the same accordingly :
and We do, hereby further, with the advice aforesaid,
declare Our Royal Will and Pleasure, that the said
Parliament shall, on the said Tuesday, the fourth
day •of February next, assemble and be holden
for the -dispatch of divers urgent and important
affairs- ; and the Lords Spiritual and Temporal, and the
Knights, Citizens, and Burgesses, and the Commissioners
for Shires and Burghs of the House of Commons are
hereby required and commanded to give their attendance
accordingly, at Westminster, on the said Tuesday the
4th day of February next.
Given at our Court, at Windsor, this 28th day of No-
vember, in the year of our Lord one thousand eight hun-
dred and-forty-four, and in the eighth year of our reign,
• GOD SAVE THE QUEEN. ;:ar,a4A.
At the Court at Windsor, the 28th day of November,
1844, present, the Queen's Most Excellent Majesty in
Council—This day the Right Hon. Sir Henry Pottiuger,
Bart., was, by her Majesty's command, sworn of her
Majesty's Most Hon. Privy Council, and took his place
at the Board accordingly.
WAR-OFFICE, Nor. 29, 1844'
Royal Regiment of Horse Guards—F. H. Vyse, Gent.,
to be Cornet, by purchase, vice Montgomery, who re-
tires, Nov. 29.
Ist Dragoons—T. Wirgman, Gent., to be Come by
purchase, vice Macadam, who retires; Cornet T. Wirg-
man to be Adjutant, vice Noake, who resigns the Ad-
jutancy only; Nov. 29.
let Regiment of Foot—Assistant-Surgeon C. F.
Stephenson, M.D., from the 3d West India Regiment, to
be Assistant-Surgeon, vice M'Carthy, deceased, Nov. 29.
3d Foot—Surgeon R. Stephenson, M.D., from the 18th
Foot, to be Surgeon, vice Smith, appointed to the 86th
Foot, Nov. 29.
49th Foot—Brevot Lieut.-Colonel A. Fraser, from
half-pay Unattached, to be Major, vice M'Andrew, who
exchanges ; Captain J. L. Dennis to be Major, by pur-
chase, vice Fraser, who retires ; Lieut. J, H. Daniell to
be Captain, by purchase, vice Dennis ; Ensign J. W.
Armstrong to be Lieutenant, by purchase, vice Daniell ;
G. Chichester, ;Gent., to be Ensign, by purchase, vice
Armstrong, Nov. 29,
57th Foot—Lieut. W. Tranter, to bo Captain with-
out purchase, vice Bainbridge, deceased ; Ensign J.
H. Chads to be Lieutenant, vice Tranter, May 12 ; En-
sign R. A. Croker, to be Lieutenant, vice Chads, whose
promotion on the 3d October, 1844, has been cancelled,
Oct. 5.
77th Foot—Lieut. G. Carey, from 2d West India
Regiment, to be Lieutenant, vice Colleton, who ex-
changes, Nov. 29.
86th Foot—Surgeon A. Smith, M.D., from the 3d
Foot, to be Surgeon, vice J. Coghlan, who retires upon
half-pay, Nov. 29.
2d West India Regiment Lieut. F. N. W. G. Colle-
ton, from 77th Foot, to be Lieutenant, vice Cary, who
exchanges, Nov. 29.
3d West India Regiment—G. T. Woodman, 31. D ,to
be Assistant-Surgeon, vice Stephenson, appointed to the
Ist Foot, Nov. 29.
BREVET.—Capt. G. Hutt, of the Bombay Artillery, to
be Major in the Army in the East Indies, Sept. 21.
UNATTACIIED.—To be Majors, without purchase—
Brevet Major W. Cain, from 26th Foot; Captain Geo.
Minter, from 28th Foot, Nov. 29.
To be Captain, without purchase—Lieut. F. J. Griffin,
from 321 Foot, Nov. 29.
HFo Sinclair,is
First
. a
smSs. TD.
cF e.
fromES. tah
A.affl
half-pay,
rgeon of the First Class
Ath.e aayc,a ton n be.D .Staff-Surgeon,,,iloretir
eosf
upon half-pay, Nov. 29.
MEmoriaxonsi,—The names of the Cornet and Sub-
Lieutenant, appointed to the 2d Regiment of Life
Guards, on 23d July 1844, are William Nevill, not Ne-
ville, as previously stated.
ADMIRALTY, Nov. 22.
Corps of Royal Mariues—Second Lieut. T. Forrest to
be First Lieutenant, vice R. B. Puddicombe, retired on
half-pay.
RAILWAY DEPARTMENT, BOARD OF TRADE.
WHITEHALL, Not. 28.
Whereas various notices of intended applications to
Parliament.for Bills to authorise the construction of new
railways have appeared in the Gazette, in compliance
with the standing orders of Parliament, some of which
may not be comprised in the terms of the Gazette no-
tices of the 20th August, 9th September, 19th Sep-
tember, and 24th October, stating the intention of the
Board for the transaction of railway business, to examine
into and report upon the schemes therein enumerated ;
notice is hereby given, that it is the intention of the
Board to examine into and to report upon all railway
schemes, respecting which notices have been inserted by
the promoters in the Gazette, with a view to the pre-
sentation to Parliament of minutes or reports thereon,
in the event of their becoming the subjects of application
to Parliament in the ensuing session.
The principal points into which inquiry will be made,
in connexion with the said schemes, are as follows :-
Ist. The ability and bona fide intention of the pro-