The Sun.
London, England, 1844-05-16 00:00:00

decessor :

" The new Governor-General is held in high considera-
tion by all parties. He has been well characterised as the most
proper man for carrying into execution the plans of others,
perfectly comprehending what he undertakes, and under-
taking nothing but what he comprehends. This choice
also indicates the policy which the English Government
wishes to be adopted in India. It indicates an attempt at
re-action against the system of invasion and aggrandisement
by which Lord Ellenborough, like all his predecessors, suf-
fered himself to be carried away. Sir Henry Hardinge is
a perfect contrast to Lord Ellenborough. He is prudent,
reserved, and wise, as most men are who have long been
engaged in service. His military career was chiefly under
the orders of the Duke of Wellington, who has been the
least adventurous general of the age. He, therefore, will
never commence a war without absolute necessity, nor,
consequently, t ngage the Government of India, and with
it the mother country, in useless enterprises. It must
at the same time be allowed, tint Lord Ellenborough
had his good qualities as well as his defects. In England he has
been frequently the subject of personal ridicule, but no
one could deny his having great capacity. Smiles were often
raised against certain peculiarities of his toilet. His head of
hair, for example, is quite a Parliamentary notoriety. With
all this, however, no one has denied him remarkable intelli-
gence and great aptitude for business. Once in the East, in
a sphere to a certain degree independent, he found his
arms at freedom, and gave the rein to those wild imagina-
tions which he was abliged to curb iii the circumscribed
field of the House of Lords. He has shown himself
capricious, fantastical, prodigal, but has always been
fortunate; and, if he has not oil all occasions had justice
on his side, he has met with success, which the
English value as highly in the East, and sometimes in
the West. His imagination has given him boldness, and
his boldness has brought with it promptitude of action,
and determined resolution. During his administration, ten
pitched battles have been fought, and;- in the two years, the
Anglo-Indian empire, already so vast, has been enlarged by
the addition of entire provinces. It was evidently this dan-
gerous political aggrandisement that alarmed the Company;
and, in order to keep this within bounds, it has sent to Cal-
cutta a man of cooler temperament and less vivid imagina-
tion. But events may disappoint the calculations of men,
and Sir H. Hardinge may be compelled to follow the current,
as, in spite of themselves, all his predecessors have been."
There are fresh rumours in some of these papers
of serious disturbances in Calabria, as well as in
Sicily, but from all accounts they are greatly ex-
aggerated. The French Funds continued firm. On
Monday the Three per Cents. closed at 84f. 40c.;
the Fives at 122 i. 35c.
THE BOURSE—MONDAY, MAY 13.

First Highest Lowest Last
Price. Price. Price. Price.
French Five per Cents 122 50 .. 122 50 122 10 .. 122 10
Four per Cents. • ...• 106 90 106 90 .. 106 90 .. 106 90
Three per Cents.• • • • 84 45 .. 84 45 .• 84 30 • • 84 30
Bank of France• • .• • • •
Laffltte Bank, I,ooof. Sharesll67 50 ..1167 50 ..1167 50 ..1167 50
Belgian' Bank.. 680 660 .. 680 .. 680
1541••••••.-1 no ..1110 ..ino ..1110
Spanish Active • • • • • • • • • • • • 331 331 .. 331 .. 331
Threes •
Passive
Old Deferred • • . •
Portuguese Five per Cents 47 .. 47 .. 47 .. 47
Neapolitan lO2 25 .. 102 25 102 25 .. 102 25
Roman, (IX diV • • • • • • • • • • • • 1041 1041 .. 1041 .. 1041

gress should not adjourn at an early day, unless indeed
events growing out or annexation should require a
longer session.
Another fight has taken place in the House of Repre-
sentatives, which is thus described in the New York
Sun:—

DISGRACEFUL SCENE IN ,THE HOUSE—
TARIFF, &c.
WASHINGTON, APRIL 23.

A most disgraceful scene took place on the floor of the
House of Representatives to-day. It grew out of a discus-
sion on the Tariff Bill, in Committee of the whole, and
was the only business done. Mr. Wright of Indiana
had the fl xir first this morning, and defended the Bill.
Mr. White (Whig), of Kentucky, replied to him, and went
on to denounce the charge that Henry Clay had sold him-
self to J. Q. Adams, &c. After Mr. White had consumed
his hour, Mr. Kennedy, of Indiana, remarked that the
charges were all true. Mr. White rejoined that he had
refuted them as far as his time permitted. Mr. Rath-
bun (Dem.) of N. Y , said the charges were true, and would
be proved. White, being thus contradicted, made a pass at
Rathbun, and both clinched. The younger members all
rushed to the conflict, and separated the combatants.
While this conflict was raging inside the bar, one William
S. Moore, a cripple, who has been here for several weeks
to obtain a claim from Government, attempted to intrude
within the House, was prevented, and discharged a
pistol at Mr. M'Causlin, of Ohio, a Member. The
ball missed the mark of the would-be assassin,
and wounded an officer of the Capitol. Moore was
taken into custody. The whole affair was referred to
a Committee of five for investigation, with instructions to
report a Bill for the punishmeu* of offences committed
within the House. At the solicitation of friends, Mrs
Rathbun and Mr. White shook hands, amid the ap-
plause of the House. Thus that affair ended. Moore
was retained In custody of the Sergeant-at-Arms of
the House. The officer is not mortally wounded. The ball
entered the thigh. His name is John L. Whirt.
The Senate referred the Annexation Treaty to the Foreign
Committee, and then read the Western Harbour Bill twice.

A. Bill for the reduction of postage had been read a

third time in the Senate, by a large majority, and there
was no doubt that it would become law. American
stock had been considerably depressed by the proposed
annexation of Texas, but at the departure of the mail
a favourable turn had taken place.

COMMERCIAL NEWS.
NEW YORK, Arm, AO.

A large amount of business was transacted in Stocks this
morning at a considerable advance on Saturday's rates.
Pennsylvania Fives improved 2i per cent., United States
4, Ohio Sixes 11, Kentucky Sixes 1, Illinois Bonds 1/, In-
diana Norwich and Worcester Railroad 4, Harlem Rail-
road 34, Canton Co. Farmers' Loan 4, Long Island Rail-
road 14, Stonington Railroad 3, Paterson Railroad 14. and
Mohawk Railroad 4 per cent.
At the Public Stock Exchange, Ohio Sixes advanced 14 ;
Long Island Railroad, 24 ; Canton Company, 1 ; Norwich
and IVorcester Railroad, 3 ; Harlem Railroad, 3 ; and Mo-
hawk Railroad, 5i per cent.
Exchange on New Orleans and Mobile has fallen—other
descriptions remain steady.
Foreign Exchange was in demand to-day for the packets
of the first proximo.
London is at lO4 to 1084
Paris 5.274
Amsterdam .......-..........».... 394 to 39i
Hamburgh
Bremen
TONAWANDA RAILROAD.—The business upon this road is
now rapidly increasing—last year the receipts of the road
during the months of January, February, March, and April,
were 5,400 70-100 dolls. This year from the same time, with
only part of the month of April, amount to 15,338 55-100
(1014 s. N. G. Ogden, Esq., cashier of the Phenix Bank, has
received the appointment of Transfer officer for the stock of
the road.
The Cotton Market is steady at Saturday's rates, with a
fair demand—the sales this morning reach 1,500 a 2,000 bales.
Flour is taken freely at 4,94 dollars for Genesee and 4,87 i
and 4,94 dolls. for Ohio and Michigan, receivers now generally
demand 5 dollars ; Georgetown is held at 5 dollars; Common
Southern kinds 4,87* dollars.
2,200 bushels North River Corn sold at 51 cents weight, in
the slip. 1,000 bushels Rye 64 cents; 1,000 bushels Barley
from store, at 62 cents; 3,000 bushels North River Oats
32i cents, and 3,000 bushels Canal Oats 33 cents.
Pot Ashes are active. 200 bbls. were taken this morning
at 4,50 dolls., and 150 ditto at 4,434 dolls. Pearls are in-
active at 4,94 dolls. or 5 dolls per 100 lbs.
PHILADELPHIA, APRIL 29.

A very large amount of business transpired at the I
Stock Exchange to-day, and at decidedly improved rates;
rising 100,000 dolls. Pennsylvania s's changed hands at
an advance of 4, 41, 4i, and 5 per cent. • 26,000 dolls.
sold at 72 ; 62,000 dolls. do. at 72* ; 200 shares Wilming-
ton R.R. at 17i ; 129 shares U.S. Bank at ; 600 do. at ,5 ;
15 shares Kentucky Bank at 75 ; 100 Girard at 7i ; 650 dolls.
Pennsylvania Sixes at 75 ; 5,000 dolls. Reading -R. bonds at
68i; 4,000 dolls. Tennessee bonds at 841; 3,000 dolls. do. at
85 ; 5,000 dolls. Indiana bonds at 39.
At the second Board 9,000 dolls. Chesapeake and Dela-
ware Canal loan 49/ to 50 ; 5,000 dolls. Pennsylvania,
s's 724 ; 6,500 dolls. ditto 72i ; 5,000 dolls. ditto 72f, s 5 ds;
.10,000 dolls. ditto 72i ; 2,00 dolls. Reading Railroad
Bonds 64 ; 2,000 dolls. Illinois Bonds 424 ; 1,200 dolls.
Wilmington Railroad 6's, 1858, 79 ; 50 shares Girard
Bank 7a; 50 Wilmington Railroad 18. U. S. Bank closed
at stos* ; Girard Bank to 711 ; Wilmington R. 17i to
18i ; Reading R. bonds, 68i ; Pennsylvania s's at 73.
There is but little business 'doing along the wharves.
Light sales of flour, at 4 64 dolls.; corn meal 2 50 dolls;
rye flour, 3 25 dolls.; sale of Pennsylvania wheat 107 dolls.
John Donnavan, a fugitive from justice from New York,
was this morning apprehended in this city, charged with
robbing Mr. Bannan of 150 dollars.
FOR Titx CONVENTION.—A large number of persons, dele-
gates from the other States as well as many of our citizens,
left the city this morning in the cars fur Baltimore.

We strongly recommend to the best attention of
our readers a succinct and very able communication,
in another part of our columns, exhibiting a con-
trasted view of the arguments on which the main
pr')positions in the Government " Resolutions" rela-
tive to the bases of a renewed charter to the Bank of
England, are grounded, and of the principles upon
which the opponents of the Government "scheme," as
therein embodied, rest their opposition to the views
ainounced by Sir Robert Peel on this question. Our
Correspondent clearly shows that the analogy be-
tween the cases of a Government issuing paper and a
Government issuing coin, on which Sir Robert re-
lied so much, is not simply untenable, but a very
absurd fallacy. Ile is not less happy in demon-
strating that the danger of over-issues attaches ne-
cessarily to the Bank of England, even under the
modified system of management suggested by the
Government " Resolutions;" but that, from the ab-
sence of the causes which involve this necessity, as
to the Bank of England, such danger is not to be ap-
prehended, and in the nature of things could not
arise from, the provincial, private, and joint-stock
banks.