The Sun.
London, England, 1845-11-08 00:00:00

Pit Or Ida )4 -, Ant

LONDON. SATURDAY. NOVEMBER 8, 1845.

There are some circumstances attaching to the condition
in which this country is likely to be placed—if she be not
already involved—by the ascertained deficiencies of the last
corn harvest, and the perhaps unprecedented failure of the
potato crop—that have no parallel, we are inclined to think
within the memory of living men. When the famine
price," as it is still emphatically termed, which wheat was
fetching in the year 1801, was spreading far and wide the
empire of actual privation and the panic of apprehended
starvation, there were aspects of encouragement in the con-
dition of other great agricultural countries of Europe which
are not to be detected at the present moment. There were
no such stringent corn-laws as now exist, and have for thirty
years past existed, to scare from our ports the surplus
produce, whatever it might be, which the foreign
producer, in that period of general want, could
spare for exportation to the market of British
consumption. The potat crop, which had already
become—and fatally, we repeat—the main staple of Irish sub-
sistence, proved, by a merciful dispensation of PROVIDENCE,
abundant as to quantity and superior as to quality. Though
a prolonged experience of all its valuable properties as a
substitute for cereal products, properly so called—as a " bread
stuff," in lieu of bread—was then wanting, the instinct of ne-
cessity had made this root most largely subservient to the
purposes of the deficient grain. It is now beyond all doubt
that mildewed and unripened wheats, diseased ryes (still more
terrible in their deleterious effects upon the human system);
germinating barleys (fraught with the influences of that
hideous vitality which may be termed " the life of corrup-
tion," in contradistinction to "the life-sustaining principle"),
and all the manifold adulterations of flour, meal, and bran, which
the " devilish cunning of human cupidity" has, in periods of
scarcity, always been too successful in devising—swept off
hundreds of thousands of our unhappy countrymen at that
time, from whom the organised vigilance of a much more
recently established sanitory system would have averted the
untimely fate which the general destitution of wholesome
bread conducted them to. The war still closed the ports of
some of the principal corn• growing countries of Europe
against us, or that destitution would have been far less mis-
chievous. Yet even then, the ample resources of a sound
potato crop rescued not thousands, merely, but millions of
our countrymen in Great Britain and Ireland from the
disastrous scourge of famine.
In 1845 the condition of things is, to some extent, the
reverse of that which we have been describing as existing in
1801. The potato crop is a vast and hopeless failure: the
supplies of foreign grain have been large, and, under any
scheme of corn-laws less absurd or clumsy than Sir ROBERT
PEEL'S vaunted sliding-scale, might have been far more
abundant and cheap. Let us, for a moment, measure the
impending scarcity that now approaches us by the multi-
tude of those whom it most nearly and directly affects.
To do this,—to calculate the intensity of the evil with which
we shall have, in the dead months of the fast-approaching
winter, to contend—we must multiply the sphere of thee
suffering experienced in 1801 by the increased number of the
masses who will come within its operation in 1845. We have
no doubt that that suffering will be more severely felt in Ire-
land than in Great Britain, judging from the scenes which
were witnessed in the former country in those several years
of scarcity, 1814, 1516, 1822, and 1831. Of course, the
rapid progression of her population since the latest even of
these dates, although it forms a favourite subject of declama-
tion and rejoicing at popular meetings, is intrinsically a
fearful element in the aggravation of the calamity within
the verge of which she is already brought. That
scarcity, which was all but intolerable to a popu-
lation of from four to five millions, will be fearfully
destructive, indeed, to it, when its numbers are increased
by two or three millions more of human beings, unless that
be the fact which no man in his sane senses will venture to
infer—namely, that the agricultural production and produc-
tive industry of Ireland have meanwhile expanded them-
selves in a similar proportion. But if Great Britain suffered,
and was far less exhausted by the deficient crops of the four
ssoigmhtueshpbpeeettre.r tTharniettihhany tthhaet
soafmleretlaesnt, d
years we have adverted to, her present relative position is
nfiorstt
est h
emightr e as
_t
sion of population, her danger is truly formidable. In 1801,
according to the most careful calculations of the late Mr.'
RICKMAN and of Mr. COLQUHOUN, in verifying the Par-
liamentary Census, of the day, the aggregate population
of England, Wales, and Scotland, was but 10,943,000. It
is, now, at least 22,000,000. Our Governments, for the
period of 30 years which have elapsed since the general
PacificatiOn of Europe, have been without any excuse for
their neglecting to establish the trade in corn on such sound
and stable bases as the possible wants, and the occasional
actual demands of a population, whereof the tendencies of
increase were so extraordinary as in our own, so impera-
tively demanded. Year after year the " Census " has been
so much improved as to leave them in no want efiucontrover-
tible data on which to assume the fact this gigantic in-
grease in the native demand of the two islands for the

s.f.aples of subsistence. What have they done to secure a
ptrmanent and ample supply of these staples? Let us not
be accused of unfairness if we hold Sir ROBERT PEEL, of
all men living, responsible for the selfish and unstatesman-
like 'anomaly in legislation, which is dignified by the name
of a corn-law. Whatever other Ministers may have done or
devised, he has artilleuged this position of unenviable
responsibility. But not a brief lustrum has yet elapsed
since Sir ROBERT PEEL introduced, expounded, and car-
ried against all opposition that Act for the regulation
of the corn trade upon a " sliding-scale," in virtue of which
exorbitant prices for bread have been ever since maintained
in this country, and by reason of which the very sources of
foreign supply that, had we consented to receive them un-
burdened with the duties in question, would have completely
anticipated the scarcity of the present season—have beat
largely dried up by our own act and deed. If we had any
wish to signalise the triumph of our own opinions on this
subject over the principles advocated by Sir ROBERT
PEEr., on those occasions, we might here repeat his
own words on commending his last edition c f
the sliding-scale to the sanction of Parliament.
But it is needless to cite particular expressions from a speech,
the sum of which, divested of all the Right Hon. Gentleman's
accustomed egoisme and self-laudation, was to challenge for
his plan the power of obviating, as far as human foresight
could do so, all danger of deficient supply, and of scarcity-
prices in future. He ridiculed the apprehensions aroused by
those who were for either absolutely making the trade in corn
free, or for legitimatising imports of foreign grown wheat at a
certain fixed duty per quarter. He turned a deaf ear to all
remonstrances on tha danger which our continued discourage
ment of foreign corn, in order to give the home-grower a mo-
nopoly of the home market, was incurring of largely diminish-
ing the cultivation of the wheats grown in the vicinity of
the Baltic, and in the countries along the banks of the
Vistula. What is now the condition of things v,ith respect
to these countries, and the probable demand for their pro-
ducts before the closing in of the winter? At the moment
we pen these lines no Order in Council has been promulgated
on the subject of opening the ports ; but it is considered in
many well• informed quarters that such an order must be im-
mediately promulgated. In the interim, we affirm, without
hesitation, that the history of this country does not exhibit a
case of more stupendous and self-convicted failure in the
policy of its Ministers than that which has been manifested
by the corn-law blundering of the Premier. He has incurred
by it a frightful responsibility, and is bound to apply what
remedy can yet be administered without a day's unnecessary
delay.

It is a great relief to persons compelled to read the political
discussions of hostile parties, and the articles in French and
English journals, so often disfigured by violent and senseless
national antipathies, to find now and then something like
fair play exhibited, and full justice done to the merits
of opponents. We have, therefore, read with much
satisfaction some remarks made by a French journal, the Paris
Constitutionnel, on a work just pubished by M. DUVERGIER
DE HAURANNB, describing the present situation of political
parties in England, and estimating the respective characters
of Whig and Tory leaders. To Sir ROBERT PEEL full justice
is rendered, more, it is admitted, on account of the excellence
of his measures than of the questionable means by which
he was restored to office. The writer has sketched
in a skilful manner a picture of the history of the
two last sessions, so full of striking features, whether as re-
gards the policy of Sir R. PEEL, at direct variance with the
opinions of many of his adherents, or the noble cenduct of
the Opposition, especially that of the Whig leaders, who, in
contempt of all the allurements of place and pensions, main-
tained their principles with undeviating and honourable-
firmness. On the latter subject the Constitutionnel justly
remarks :—" 'When have the English Liberals shown
themselves great and truly worthy to govern their country?
Was it not when Lord JOHN RUSSELL, putting far from him
the idea of overthrowing the Ministry, came forward honestly
and unconditionally to give Sir ROBERT PEEL the support of
all his friends? Was it not when Mr. MACAULAY, resisting
the threats of his constituents, declared in Parliament that
he would, if necessary, sacrifice his seat, and employ his fu.
ture life to sustain a political adversary ?" This is the truth,
but not the whole truth. The Liberal party have not
only supported the measures of the Conservative leader, by
their votes and their speeches, but they have taken no
advantage of circumstances to throw obstacles in his way,
or stir up opposition from quarters which might have en-
dangered the stability of his Cabinet. Like men conscious
of the integrity of their purpose, and anxious to see the
grievances of their country redressed, they have sunk every
personal consideration, and strengthened the popu-
larity of their opponents, both by speeches in Par-
liament and addresses to their constituents. They
have even risked their seats in the House of Commons, be-
cause they preferred toleration in religion and justice to Ire-
land, to the applause of misguided electors, and, above all, to
the threats and entreaties, and even the hostility of a vast
proportion of the Dissenting clergy, long their avowed and
most efficient supporters. We can find no instance in the
history of England where a whole party exhibited such
proofs of real patriotism, and sacrificed their interests for
the good of the community. This is a noble trait in the
character of political parties, and forms a gratifying contrast
to the selfish opposition made by GREY and WELLINGTON and
PEEL to the Cabinet of the persecuted CANNLNG. But let that
pass. We occupy ourselves only with the present position
of affairs, and with the altered tone which certain political
writers in France display, when alluding to the proceedings
of Parliament for the last few years. The article in the
Constitutionnel exhibits sound views and friendly feelings to-
wards England, and we, therefore, transcribe with pleasure
the following extract as a specimen. After adverting to the
contents of M. DE HAURANNE'S work, the writer adds :

" It is need'ess for us to observe that the views of the illustrious
writer are precisely our own. But we more particularly join with
him in the praises which he bestows on the noble conduct of the
principal English statesmen of all parties, and to the full share of
justice he renders to the English nation itself. We have always
believed that it was a bad defence of a good cause to make an appeal
to national or party prejudices, and that the advocates of
liberal ideas ought to show themselves worthy of their doc-
trines by leaving to others the task of awakening and bringing into
play old hatreds and passions. Is not the knowledge of how to
render justice to one's adversaries, and even to one's enemies, the
most worthy and the best means to assure to one's own life and
acts an equitable and impartial judgment, and to conquer esteem
in default of power ? We cannot dissemble our sympathies
as to the struggles of the English Parliament, but in offering
up our wishes that both in England and in France the doctrines
of complete liberty and equality may progress, we espouse co
quarrel, no particular rivalry, and, particularly, we cannot refuse
our admiration to the illustrious chief of the English Cabinet,
when we see him boldly lead his party in the paths of reform, and
so nobly risk his political destiny to secure the triumph of ideas
which he believes to be useful. We declere loudly that we be-
lieve, with M. Durergier de Hauranne, that England has just pre-
sented to the world a grand and fine spectacle, and we feel the less
pain in admitting it, as we reckon on the same justice for France,
when our Government shall merit it."

The accounts from Paris of the prices of stocks and shares
are unfavourable. A further depression took place on Wed-
nesday, caused chiefly by the fall in the London Money-
market. For cash the Three per Cents. closed at 15c. and the
Fives 10c. lower than on the previous day. In most lof the
principal railway shares, especially the Paris and Rouen, a
decline has taken place, from a scarcity of money required to
meet ether engagements. The Paris journals contain a
variety of intelligence not without interest. The Jour-
nal des Debats contains an account, however, from its
Macao correspondent, which forms rather an excep-
tion. The letter extends to more than five columns,
and furnishes details of the ratifications of a treaty be-
tween China and France, in which we find nothing new
respecting the treaty, or the manners and customs of the
Chinese. " The ceremony," says the writer, " took place on
the 24th October, 1844, near the Bogue, in the village of Tai-
pin-pieou, and in the house of the Chinese Admiral who
commands the naval forces on the station. The treaty
having been signed on board the Archimede steamer, that is
to say, according to the laws of nations on the French terri-
tory, it was by a feeling of just reciprocity agreed that the
exchange of the ratifications should be made on the
territory of the other • contracting party. As the
Chinese, however, will never be behind hand in politeness
with any body, it was arranged that on the evening before
the day fixed for the ceremony, the Imperial Commissioner
himself should pay a visit to M. DE LAGRENE, on board the
Cleopatre, in the roadstead of the Bogue." Another letter
from Macao, of the 31st of August, announces that M. DE
LAGRENE was preparing to visit the five ports of the north,
and that he will return by Suez to France, where he is ex-
pected to arrive in April.
According to accounts from Paris the rise in the price of
provisions began to create alarm. "Provisions," says one of
the journals, " are every day becoming dearer in Paris. Po-
tatoes are now double the price they were a month ago. The
price cf other vegetables rises in the same proportion. Poor
families are already beginning to feel severely the effects of
the bad harvest. If this rise in the price of provisions in-
creases in the same proportion for only one month, the neces-
saries of life will become beyond the reach of the indigent."
The accounts from the country are of a similar character, and
preparations were in progress for relieving the poor in case of
a dearth. The Municipal Council of Strasburg, following
the example of Mulhouse and Nancy, had voted money for
the purchase of 7,000 metrical quintals of wheat in foreign
markets. The wheat is to be stored, and should a rise in
price take place it will be retailed during the winter to the
poor at prime cost. These instance of humanity are
honourable to France ; and we therefore regret to find
in one of the Paris journals a spirit displayed of
such a maliLnant character, that, were it generally adopted
Sy Frenchmen, would excite universal indignation. The
Presse, the faithful representative of Queen CHRISTINA'S
sentiments, taking for granted that the English Govern-
ment is about to throw open the ports, calls on the French
Ministry to be on its guard, and prevent the English from
coming to France and carrying off food to satisfy their
hunger. After some introductory remarks about the diffi-
culty of regulating the price of provisions, it says :

"Ten laws hive been enacted on the subject sines the year
1841, not one of which has received a definitive solution, as if the
most general interests were those worthy of the least attention;
and now, in the midst of that abundance with which Providence
has been pleased to enrich us, in the midst of general distress,
a measure about to be adopted in a foreign country me-
naces our security. Will this fact be considered a suill.
cicntly grave warning for our improvidence ? Our labouring
population must have bread aid employment. We have, thank
God, both one and the other this year. Let us take care of them,
and for that reason let us prevent the English from coming to sa-
tisfy their hunger at the expense of those gifts which God has re-
served for us. This is a sad necessity, no doubt, and at which our
humanity ought to lament. It would be more chivalrous to sacri- '
fice ourselves for our neighbours, but good policy is not always
consistent with chivalry. The French Government ought to take
care of the French population, before it melts into pity for the

sufferings with which Ireland is menaced. England is, moreover,
sufficiently rich, and has too many modes of acting in the two
hemispheres, to be seriously embarasaed in supplying the deficiency
of her crops. It is not for us, who have only as much as we want
for ourselves, to supply her. We repeat, therefore, if the mea-
sure in contemplation in England be carried into effect—if England
op en her ports to the free importi.tion of corn, our Government
ought to close ours. It is the right, as it is the duty of that
Government."

On Wednesday morning the Invalides roused Paris by the
firing of twenty-one guns, for the safe accouchernent of the
Princess DE JOLNVILLE, which took place at St. Cloud. The
Princess was delivered of a son, who had received the title of
Duke DE PENTIIIEVRE. The accounts in the afternoon stated
that both the Princess and her son were as well as could be
expected. According to the Journal des Debats, the Duke
of BORDEAUX was about to pay a visit to the Emperor of
RUSSIA, at Palermo. We learn from the Marseilles journals
that Counts BELTRAMI, BIASCOLI, PAK, and VITELLAND
Dr. ANDREINT, the Advocate RIENzr, and Signor GRUNDI,
chiefs in the late insurrection in Romagna, who had been de-
tained in the prisons of Tuscany, have been set at liberty, by
order of the Grand Duke, and have arrived at Marseilles by
the Levant packet the Sesostris. Such conduct does great
honour to the Grand Duke, and is a marked reproof of the
wretched system of Government persevered in by the Court
of Rome The following are miscellaneous extracts from the
continental papers:— •
" The State Gazette of Lucerne of the Ist instant contains the
following Last evening S. Muller, of Stechenzain, confessed
that lie had assassinated M. Leu with a fowlisg.piece, in which he
had placed a catbine bullet. He told where he had hid his wea
pots, which was found where he pointed out. He acknowledged,
besides, that he had twice watched M. Leu for the purpose of
shooting him. This confession agrees with the result of the
official investigation. Ile declares, also, that he did not act
through a spirit of vengeance, but from being promised a sum of
money by M. Leu's political enemies. Dr. Casitner Plyffer was
arrested immediately, by order of the Judge d'lnsttuction. Other
arrests have also taken place, and great agitation reigns in the
town. Troops have been sent for. The Grand Council is con-
voked for the 3d instant. It is believed that this confession was
extorted from Muller.'

" In consequence of a decision of the Board of Health at Naples,
dated the 17th and 20th ult., on the occasion of the Eclair, the
entrance of French produce which has traversed the ocean has been
refused to captains of our ships. Our Ambassador has thereupon
made strong remonstrances to the Neapolitan Government. The
Minister of Foreign Affairs of the kingdom of the Twn Sicilies, the
Prince de Scilla, made the same answer to M. de Montebello which
he had given the day before to the English Ambassador, viz.-
' That his Government was an entire stranger to this measure; the
Board of Health at Naples, as well as those at Genoa, Nice, Leg
horn, Civita Vecchia, and the other ports of Italy, was completely
independent.' Notwithstanding this system the Ambassadors per.
sist, and it is hoped that the Board of Health will submit to the
opinion of the King's Government.

" The Augsburgh Gazette has the following from Constanti..
nople, •datgd the 15th ult.:—The news from Syria has caused great
agitatiOn here. It is reported that the day before yesterday the
representatives of the foreign powers met in conference at Count
St urmer's. When M. de Bourqueney received the account of the
acquittal of the Druse Chief .Abou Neked by a tribunal convoked
by Chekib Effendi, his indignation was extreme. He was on the
point of requiring an audience of the Sultan to demand that this
judgment should be annulled, and if he met with a refusal to make
preparations for his departure. The strong representations of his
colleagues, and particularly of the Austrian• and Briiish ambassa.
dors, succeeded in inducing him to renounce this determination,
that could only have produced serious results, which, under pre-
sent circumstances, would not have been justifiable The position
of the French ambassador is peculiar from his having to exercise
an extensive protection. There are in Sria twelve convents, the
Catholic religion having been established there from the time of
St. Louis."

On the Paris Bourse on 'Wednesday the Three per Cents.
closed at 82f. 40c.; the Five per Cents., 117 f. 70c.; the
Orleans Railroad Shares, 1,182 f. 50c.; Rouen, 1,007 f. 50c.;
Havre, 800 f.; Avignon, 997 f. 50c.; Vierzon, 727 f. 50c. ;
Bordeaux, 641 f. 25c. • Boulogne, 580 f. ; Troyes and Monte-
reau, 501 f. 25c.; Basle, 267 f. 50c.; Begian Two-and •a-Half
per Cents., 56f. ; Spanish Actives, 36 ; ditto, Domestic
Debt, 34k.

The following are the quotations for other lines :-
Paris and Lyons Railroad (Laffitte), 22f. 50c. prem. ; ditto
(Calon), 4f.; ditto (Ganneron), 7f. 50c.; ditto (La Pinson-
niere), If. ; Northern Line (Laffitte), 70f. ; ditto Rosamel),
35f. ; ditto (Pepin Lehalleur), 26f. ; ditto (Decan Lebeuf),
26f. ; Paris and Strasburg (Ganneron), 18f. ; ditto (Hin-
guerlot), 14f.; ditto (Bechet), sf. ; Aymard, 10f. 50c. ; Tours
and Nantes (Mackenzie), 21f. ; ditto. (Drouillard), 4f. ; ditto
(O'Neill), 12f. ; ditto (Lefevre), sf. 50c. ; Lyons and Avignon
(Talabot), 30f ; ditto (Lecointe), II f. 55c.; ditto (Compag-
nie Meridionale), 5f.; Bordeaux and Cette, 2f. ; ditto (Es-
peleta), 12f. 50c. ; Creil and St. Quentin (Kysaens), 3f.;
ditto (Carette), 10f.; ditto (Colbert), If ; Charleroi (Ky-
saens), 15f. 50c. ; Dijon and Mulhausen (O'Neill), 4f.; ditto
(Allegry), 2f. ; Caen (Delamarre), 4f.
LYONS, Nov. 3.-Marseilles and Avignon, 998 f. 75c. ;
Paris and Orleans, 1,202 f. 50c.; Paris and Konen, 1,020 f.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, Nov. 6.

Anglo-Belgian
Boulogne and Amiens 914
Bordeaux &Medtterran

Bordeaux and 'l'oulouse

Do. & Cette (Espeleta)
Do. ( Mackenzie's) l3/4
Central of Spain .. —
Demerara

Dendre Valley ......
Dutch Rhenish 734
Dieppe & Paris Janet
Dijon and Mulhouse —
East Indian 27/8
Fampoux & Hazebrouk
Grt Northern of France
(Laffitte's)
Ditto (Rosamel's) 34
Do. (Le Boeuf)
Do. Pepin le Halleur —
Great Paris and Lyons —
Great Western Bengal
JamaicaS Mid. Junction
Do. North Midland —
Do. Extension
Jersey ...
Louvain and Jemeppe 2l/2
Lyons and Avignon —
Luxembourg

Madrid and Valentia
Namur and Liege 4
North Jamaica

Orleans and Vierzon .. 17

Orleans and Bordeaux 10%
Over Yssel
'Paris & Lyons (Laffitte) 2%
Ditto (Ganneron's).

Ditto (Caloa's)....
Paris and Orleans 44
Paris and Rouen 3B
Paris and Strasburg
(Ganneron's).
Do. (Aymards)
I Do. (Compte de L'Est)
IParis and St. Quentin.
Rouen and Havre —
IRoyal North of Spain.
ISambre and Meuse
;Strasburg and Basle
Tournay,Jurbise, Lan-
! dent, and Hasselt 3
Tours and Nantes
(Mackenzie's)
Do. (Lefebvre's)
Verona and Ancona
West Flanders

We have received Madrid journals of the 30th ult. An
English messenger, it appears, had arrived with dispatches
from Lord ABERDEEN, and some of the papers infer that he
had brought important intelligence relative to the marriage
of the QUEEN and her sister. The Espectador says, the
British Cabinet had forwarded a note to the Spanish Govern-
ment, in which it protests against the contemplated marriage
between the QUEEN'S sister and the Dukc DE MONTPENSIER,
al least, till her MAJESTY shall be married and:have issue.
The banishment of the confessor to Don FRANCISCO DE
PAULA was still a subject of conversation. According to the
Eco del Cornercio, he bad been ordered to repair to Albacete,
his native place, notwithstanding a favourable audience he
had obtained of the Queen-Mother, to whom he had
represented that her sister, the late Infanta Dona
CARLOTA, had, on her death-bed, desired him to remain
with her sons. No reason is assigned for the order.
Martial law had been proclaimed at Malaga on the 28th
October, in consequence, as appears by a proclamation of
General BRETON, of the discovery of some military con-
spiracy. The Glob° states that Ministers had assured their
friends that, previous to the meeting of the Cortes, the nego-
tiations with the Court of Rome would be brought to a.suc-
cessful issue, the QUEEN acknowledged, and the sale of the
Church property sanctioned. The scheme for raising the
funds had succeeded, and stocks continued to rise. On the
30tlatno quotations appeared in the official bulletin, but in a
note the editor gives the following prices:—The` Three per
Cents. closed at 35 for cash, and 3514 at a short date; the
Five per Cents., at 2.11/ cash, and 243/ for ; the Coupons,
at 251/8 3/4 ; and the Debt without Interest, at 8 and 814.

MONEY and COMMERCIAL NE WS.
(From The Sun of Last Night.)
The sales of Cotton at Liverpool yesterday were 3,000
bales, including 350 Carthaginian at 3d., 150 Maranham at
5%d., 200 Surat at 21/2d. to 3111 d., and American at 3d. to
511td. per lb. The market was steady. Shares were very
flat again.
In the Third Edition of The Sun of last evening appeared
an intimation of the following notice from the Bank of
England. It was issued at too late an hour to have appeared
in the Afternoon Edition

------
"The Bank of England Lut advanced the rate of interest
on bills at ninety. five days, discounted by them, to 31/0 par
cent:.

Of the importance and necessity of this step 10 doubt can
exist. The Bank Directors wish to make money for their
proprietors, as well as provide for any material alteration in
the exchanges that may occur, should a material alteration
be effected in the corn-laws. Not a doubt is entertained but
that some change is imperatively required, and the modus
operandi is what is required to be known in the City. There
is but one feeling among mercantile men, as to the delay
that has already occurred on the subject of the issuing of the
Order in Council, as it checks business in many of its im-
portant branches, and, if much longer continued, will entail
many difficulties in conducting operations for a considerable
length of time.

The Funds are affected by the increased value of money,
and there is a disposition to exercise the greatest caution in
doing business. Consols have been 951/4 to 95 for present
transfer, and 95% to 95 for Account. Exchequer-bills have
been quoted 275. to 245. premium. The New Three-and-a-
Quarter per Cents. are 96% 0 95%, and the Three per
Cents 93% to 944. Bank Stock is down to 203 and 202.
The market fur Foreign Stocks bas been very dull, but
Spanish Bonds are better again, the Five per Cents. having
touched 28 and the Three per Cents. 37:-3/4- Mexican Stock
has been steady at 307:2. Brazilian has declined to 82 and
80. Dutch Two-and-a-Half per Cents. have realized 59
to 584.
Shares are generally lower.

0.5 Z CLOSI/NG
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES
Bank Stock
....2031A 202 202
3 per Cent. Reduced ......... ..-.. 941 93%ti , 9,44 9413
per Cent. Consols Annuities 94' % 95A 95. h
New 31,4 per Cents. 961,95% 9634
Long Annuities toeitnireJan.lB6o 10Ih 101/2
Ditto 30 years, Oct. 10,1859
Ditto 30 years, Jan. 5, 1860
India Stock — 259
r 95V Consols for Account - .....
Expcihtecitousejors, 1,0004, 114 d.
_26
I !Ditto Small
2241
27 24 pm. 24

oNE
PRICES OF FOREIGN FUNDS. O'CLOCK
Austrian, 5 per Cent. lO9
Brazilian Bonds
Mexican, 5 per Cent. 1837 ......
Ditto, Account ..... ... ..... .... 311 h
Ditto, Converted..., —
Portuguese Bonds, 4 per Cent .. .
Ditto Account — 55%
Spanish 5 per Cent. 1840
Ditto, Account 2B 28%
Ditto, Passive 6%3/4 634
Ditto, Deferred l6 1614
Ditto 3 per Cent.
Dutch, 21A par Cent
Ditto, Account — 58%
Ditto, 4 per Cent. Certificates 93 93
PRICES OF ' BUSINESS DONE CLOSING
RAILWAY SHARES PAID.
AT oNE, O'CLOCK. prtICES.
Aberdeen

CLOSING
PRICES
109
82

1%
57

Armagh, Coleraine, and
Portrush ..... 1%
Aylesbury and Thame .. 1%......
Belfast &' County Down ..... .
Bideford antaavistock... 1%
Birmin. and Gloucester. 100 1241
Ditto New 17% 3O ..... ... ...... 3U
Birmingham and Ox-
ford Junction
Boston, Stamfd, & Birm. 22s % p % p
Bridgewater & Mineheak ... ..
. ....

Bristol and Exeter 7O
Ditto, New
Bristol and Gloucester... 30

Bristol and Liver. June .

L aledonian
Ditto Extension
Cambridge and Lincoln 1% 33/4 414 333
Do. New
Cambridge and Oxford l% — ...
Canterbury and Dover.. I%
Chelmsford and Bury... leg
Chester and Holyhead... 15
Chester and Manchester 425.
Cheltenham and Oxford 2
Clydesdale Junction 5
Cork 131ackrock, and
Passages
Cork and Killarney ... 2%
Cork and Waterford ... 1%
Cornwall
Coventry, Nuneaton, Bir
and Leicester... .....
Chichester and Brighton 20
Coventry and Leicester 114 —
Cliurnet Valley
Chatham and Portsin'th 1
Derby, Gainsbro', and
Great Grimsby ... ......
Derby, Uttoxeter, and
Stafford 2%••••••
Direct Manchester
(Remington's)
Ditto (Rackstrick's)... 514...... 414,14 4l,i
Direct Northern
Direct Norwich 1
Dublin and Armagh 1%.....
Dublin and BelfastJunc. 5
Dublin, Belfast, and
Coleraine
Dublin and Galway..... 4
Dundalk & Enniskillen 21,4 —
Dublin and Cashel —
Dublin and Mullingar 2% — .. . —
Diss, Beccles,Yarmouth 1%
Dublin and Belfast June 5
Eastern Counties 141. 165....20 193/4 20% 19% 2014
Ditto New 41. 16s.
Ditto Perpetual, 5 put.
Cent, No. 1....61. 13s. 4d.
Ditto ditto, No. 2-2/. 13s. 4d...
EastDereh'in andNor'eh 1
e.astern Union 2O .. ... ...,
Ditto, Quarter Shares 214 ......
Do., Camb. and Ely.. 21h .....
East Lincolnshire ..... 114 ...... 13/4 2% 2%
East & West of England I:4g
Ldtaburgh and Gle',gow 50
Ditto, Quarter Shares 12% . .
Ditto, New .. 5 .
Edinburgh & Northern.. 114 —
Edinburgh. and Perth... 1% 514 43h
Ely an,!. Huntingdon ... 5
Enn'.skillen and bligo ... 2%
Essex and Suffolk .. ... 1%
Exeter, Yeovil, & Dorset 23/4
Glouc., Aberystw ith, and
Central of Wales 1%...... --
Goole and Doncaster .. 425. .. ... 2 p 2 p
Grand Junction ...100
Ditto Half Shares 5O
Ditto Quarters 25
Grand Union l% 2% 1% l%
Great Eastern &Western 2% ......
GreatGrimsby and Shef-
field
Great South. and West.

(Ireland)
E 7

...)itto Extension ' ...... 71,4 —
Great Munster 2l/2
Great North of Scotland 21/2 -
Great N orth of England-100
Ditto New 5 —
Do. New .... . ......... 2 ...... 26 ... 26
Great Western BO .....145 140 144
Ditto % Shares 5O
Ditto Fifths
Guildford, Fare'm, Ports. 21/2 ..... 214
Harwich—
Uull and Selby SO
Ditto 14, Shares
Do. Half Shares
Hounslow Western ..... 2
Hull and Gainsborough 1%
'
Inverness and E1gin...... 1
Ipswich, Norwich, and
Yarmouth
Irish North Midland l%
Isle ofAxholuie 2%
Kendal and Windermere 111 —
Kentish Coast —
Killarney Junctions
L incaster and Carlisle... 30
Larne, Belfast, and Bal-
lymena — —
Leeds and West Riding
Junction
Leicester & Birmingham 225. %l/p
.....
Leicester and Bedford... 225.
Leicester and Tamworth 425.
Li verp. and Manchester.loo ... ..
Do. % Shares
Do. Quarters 25
Liverpool& Leeds Direct 2% .. ...
Lpool., Mnchstr, & New
castle Junction
London and Birmingnmloo 215 2161,4 214 217 213 213
Do. Thirds ...
Do. 1% Shares
Ditto Extension
London and Blackwall. 161. 135.4 d. 8% B%
Do. New
Ditto Extension ..... ...... . —
London and IBrighton...;.so ...... 59 58
Do. consolidated Bths... 35
Ditto, Sixths
London and:Croydon, 131. 15s. 9d. 19% 19 20 2O
Do. Guaranteed 5 per
Cent.
Lon., Chel., 0x.,G10., and
Hereford
London and Greenwich 12/ 1584 d... 9
Do. Preference ...18117s 2d
London, Hounslow, and
Western
Lond. & S.Western 411 6210 d 7l
Do. New Consol. Bths 20
Do. New
Do. New
London & South Essex ...... .... —
London and York 2I,E 4l/21/2% 4
London and Windsor ... 1 ....
London, Warwick, and
Kidderminster
London, Salisbury, and
Yeovil
Londonderry & Coleraina 5 —
Londonderry and Ennis-
killen - ........ ... 5
Lynn and Ely
Lynn and Dereham 5
Manchester and Leeds .. 76
Ditto 1/. Shares
Do. Quarters 2
Do Sixteenths ... 414
MancheFter and Birmm. 40
Do. Quarters
Do. New Quarters ... 2
,--
Do. Continuation and
Welsh Junction ... 1%
Manchester,Buaton,and
Matlock 22s. ...... 3
Manchester, Binn., and
Mould Junction .. ... — —
Manchest. &Southampt. 2 ...... 3,4% p 3% p
Midland 100 140
Do. Fifths 2
Do. New
Midland, Binn.,Derby...loo .
Midland Great Western

(Irish)
Do. Extension, No. 1 23/ -
4 • -
Newcastlo and Darling-
ton Junction 25 ...... 57 ...... ..... 57
Do. New Brandling

Newcastle and Berwick 5
Newcastle and Carlisle...loo
Lancashire Junction... 1% — ... ......
Newport & Aberfavenny 21/2
New Ross and. Carl0w... 22s
Newry and Enniskillen 21/2 .....
Newark, Sheffield, and
Boston
North British -
Do. New ... ..... ..... 1
North' Devon 2 .. ... ... .... ..
Northern and Eastern 45
Do. Scnp
Do. Quarter Shares... 121,4
Do. New
N. Kent & Direct Dover 21/2.. .. 2% 31/2 3l/2
North Staffordshire 425....... 2%3% p 23A p
North Wales
North and South Wales
and Worcester —•—•••
Norwich and Brandon... 16
Ditto New 1 —
Northampton, Banbury,
and Cheltenham 2 —
Nottingham and Boston 1% — ...
Nottingtn., Erewsh.Val-
let-. and Manchester 1% — ...
Nottingham and Mans-
field
Oxford, Gosport, Ports.
mouth,& Southamptn 425. — -
Oxford and Worcester... 21/2 IIA 61% 6%
Oxford, Witney, and
Cheltenham..,,
Perth and Inverness ... 21/i VA.—
Pilbrow Atr-

23/4

.•orow Atmospheric ... 1 —
Portsmouth Direct ...... 3% —
Preston and Wyre
Do. I,‘ Shares
Reading, Guildford, and
Reigate
Richmond
3/4
Rugby and Huntingdon 2
Rugby, Leamington, and
Warwick
......... •••• Scottish Central - ........ 15%
Scottish Midland l% 3l/23/4 314
Sheffield & Manchesterloo
Do. Quarter Shares... 8
Shrews., Wolverhamp.,
Dudley, and Birm
Shrewsbury and Trent 2%.•••
• 4 4
Valley Union
Shrewsbury & Hereford 25A.....•
Sligo and Shannon l%
Somerietshire Midland 25/a
South Devon 25 „..... 28
South Midland 225....... 3% 4 31A p... 3% p
South Staffordshire June 2%
South Eastern & Dover 3312 s 4d... 35
Do., No. 1
Do., No. 2.
Do~ No. 3
Southampton, Manches-
ter, & Oxford Junction 2 - .•
St. Alban's, Hatfield, and
Hertford Junction.. - --........ .....
Staines and Richmond.... 1 .. 2% 2
Stsffordah. & Shropshire 2% ,