The Sun.
London, England, 1845-02-19 00:00:00

plied, he said, that they contemplated assassination. Were
they acquitted? The Committee stated that there was
nothing to criminate the gentleman whom the Committee had
reluctantly named. Why did they not acquit them? He
understood from his Hon. Colleague that the spy who had
caused these gentlemen to be suspected had already received
the reward of his infamy. Was this a system to be tolerated ?
But he would not go into these cases. He would not now dis-
cuss the question of whether the power was justifiable or not.
That was not the question now. His Hon. Colleague had
stated that his letters had been opened. A Member of that
House alleged that his letters had been opened by the Secretary
of State for the Home Department, and that Right Hon. Gen-
tleman shielded himself behind his oath of secrecy. It was
impossible that the public could be satisfied—that House could
not be satisfied—the House would not do justice to its own
character and position if they did not demand a full, complete,
and searching inquiry into the pointed and personal accusation
that the Hon. Gentleman had made.—( Cheers. )
Mr. BROTHERTON then moved the adjournment of the
debate, and it was adjourned accordingly.
Mr. ROEBUCK inquired to what day the debate would be
adjourned. He understood that, to-morrow, the Committee
of Ways and Means would be proceeded with.
Sir R. PEEL said the debate on the income-tax would be
resumed to-morrow, as it could only be taken on Mondays,
Wednesdays, and Fridays.
Mr. ROEBUCK suppn;ed the debate then would be ad-
journed to Thursday.
Sir R. PEEL—Yes.
Mr. T. DUNCOMBE suggested that it should be made an
order of the day.
Sir R. PEEL said that, as far as the Government was con-
cerned, they would give way..
Mr. M. MILNES gave notice that, to-morrow, he would
ask the First Lord of the Treasury whether the Government,
at the time they communicated to the Italian Government the
probability of an invasion, at the same time desired the agents
of the English Government to put the parties implicated on
their guard, and to take steps to prevent such invasion.
Sir JAMES GRAHAM then postponed the introduction
of his Medical Reform Bill to a future day.
The other notices were then disposed of, and the House ad-
journed at Half-past Twelve.

NOTICE TO SUBSCRIBERS.

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The Report of the Committees on Petitions for Rail-

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The Report of the Board of Trade on the new Pro

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The Account of the Arrival of the steamer Montrose,

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The Course of Exchange.
Parliamentary Intelligence, extending to upwards of
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Fira

THE SUN, LONDON,
_WEDNESDAY EVENING, FEBRUARY 19, 1845.

come and the expenditure of the country. He feels his
power, and he makes use of it. He alone could have induced
the British nation to submit to the detested income-tax in
time of peace. When we recollect the energetic resistance the
income-tax experienced in Mr. Pitt's time, and the universal
execration excited against it throughout the country, and
the astounding philippics which greeted it in the Parliament
and at the hustings, we are astonished at theresignation with
which it is received at present. It is true that three years
since it might have been foreseen that the income-tax, pre-
sented as temporary, would by degrees assume a permanent
character, and, perhaps, it would not have been tolerated so
easily, had not Sir Robert Peel, like a skilful physician, ad-
ministered it in small doses. The present state of the re-
venue, moreover, sufficiently justifies the continuation of
the tax. Its productiveness has exceeded every calculation.
The Government will, therefore, find it difficult to abandon
so fruitful and so certain a source of revenue. We believe
that the English people will do well to resign themselves to
it. The income-tax now forms part of their social economy,
and they must accustom themselves to live with the trouble-
some guest." _ _ _

The Presse, in adverting to the increase of the
English navy, contrasts the policy of England and
France :

" England, in that respect, has given us examples of
which we have not taken advantage. The development of
her navy has been the business of all her Ministers. It was
by that course that she acquired that incontestable superio-
rity which is at present her most certain protection ; and,
whilst other nations are endeavouring to equal her, she con-
tinues with fresh ardour to discover further improvements.
In France, and it is unpleasant to be obliged to declare the
fact, our navy is neither in good condition nor of an imposing
force. We have to repair many faults, and to recover much time
lost, before we can assume that position on the seas to which
we are entitled. But are we taking advantage of peace ?
Or are we adopting prompt measures to put an end to our
deplorable inferiority, proclaimed by all cur official publica-
tions ? By no means. Our navy budget for this year appears
to blush for itself. It presents itself to the Chamber with
downcast eyes, like a child which fears to be censured. We
desire that the Chambers should occupy themselves seriously
with our position. The Committee on the budget, it is said,
is determined to propose a considerable reduction on the
effective of our land army. So much the better. I'Ve can the
more easily imitate our neighbours and increase the budget of
the navy. It is not possible that while England is increasing
her navy we should reduce ours."

The same journal alludes, with evident satisfaction,
to the proceedings in the American Congress, and
anticipates embarrassment for England, though the
writer " will lay a wager that England will not de-
clare war against the United States," either on ac-
count of Texas or the Oregon territory. The French
Funds on Monday were rather more firm than on Sa-
turday.
Accounts from Algiers of the 7th state that the
country was covered with snow, even to the gates of
the city, a circumstance without precedent since the
French have been in possession of the colony. The
Arab chiefs who visited Paris had landed at Algiers,
and were preparing to return to their posts full of
admiration of the wonders of the French capital.
The German Journal of Frankfort has an article,

saying :
" We learn that twelve German writers have been ordered
by the French Government to leave Paris. Among them are
Messrs. Ruge, Maru, Heine, Bcemstein, Bernays, and Hess
Herwegh. 11. Heine, however, had got himself naturalised,
and was thus protected against the Ministerial decree. Ruge
has obtained a suspension of it, through the mediation of the
Saxon Minister, as he pretends that he does not belong to the
German State which has demanded his expulsion. The rest
are obliged to quit Paris immediately."
THE BOURSE--MONDAY, FEB. 17.

Highest Lovrcst Last

Price. Yrice. Price. Price.
French Five per Cents.. •• • 122 60 122 65 .. 122 GO 122 65
Four-and-a-Half 113 50 113 50 .. 113 50 • • 113 50
Three per Cents 85 • • 85 5 .. 84 95 .. 85
New Loan •• ••• • • • 85 95 .. 85 95 .. 85 95 .• 85 95
Bank of France ...• 3265 —3265 —3265 .. 3265
Gouin Bank, I,ooof. Shares • • 1090 —lO9O • • 1085 .• 1085
Beiglan Bank .. • • • • • • • • • • • • 657 50 .. 657 50 .. 655 .. 655
Belgian Fives, 1840 lO4l/4 • • 1041/4 .. 1041/4 .. 104%
1842 •• 1061 .. 106% .. 106 y, •• 106%
Four-and-a-Half lO3 .. 103 .. 103 .. 103
Spanish Threes • •• 4l • • 411/4 .• 41 .• 411/4
Passive • • • • • Pi .. 6 ..
Portuguese Five per Centa• •
.593,, ..
.59% ..
.59% ..
.0934

Roman 105— .. 105—
RAILWAY SHARES.

.. 105

.. 105

St. Germain ..... ......... 100 —lOBO —lOO
Versailles, 11.11.• •.• • . .... 555 .. 555 .. 555
L.B
Rouen 50 ..1092 50 ..1090

-1080
.. 555
.. 377 50
-1092 50

Rouen 885 .. 885 .. 882 50 .. 882 50
Orleans. ...11b7 50 ..1160 ..1157 50 ..1160
Strasburg to 8a1e.•.......• 317 50 .. 317 50 .. 316 25 .. 316 27
Avignon to Marseilles•••• 962 50 .. 970 .. 062 50 .. 970
Bordeaux to Teste •• • • • • •• 210 .. 210 .. 205 205
RAILWAY SHARES FOR SETTLING, FEn. 17.
St. Germain .....• .1080 ..1080 —lOBO
Versailles, L.ll ...... ..•• 377 50 . 377 50 •• 373 75 373 75
Rouen •••• ...••• •• ..1093 75 ..1088 75 .•1091 25
Rouen to 1iavre.....•,,•,.. 882 50 .. 885 881 75 .. 882 50
Orleans 1157 50 .•1158 75 —1157 50 ..1158 75
Strasburg to Bale 316 20 .. 316 25 .. 316 25 .. 316 25
Avignon to Marseilles•• •• •• 970 .• 972 50 .. 970 .. 972 50
RAILWAYS FOR THE ACCOUNT, Mutat 3.

St. Germain
Versailles, It.B 555 .. 560 .. 555 .. 555

L.B.— • • • • • • • • 380 .. 380 .. 375 .. 375
Rouen ........... ...... —lOB7 50 . 1096 25 ..1087 50 ..1095
Rouen to Havre • 885 .. 885 .. 885 .. 885
Orleans • .
Strasburg to Bale— .• 317 50 .. 317 50 .. 317 50 . 317 50
Avignon to Mnrseillet• • • • • • 957 50 • • 975 • • 967 50 . 972 50
Bordeaux to Testo • • 207 50 207 50 .. 207 50 .. 207 50

MONEY MARKET and CITY NEW
CITY, QUARTER TO THREE.
At Liverpool yesterday duty-paid Cotton was but little
noticed, and prices were lather in favour of the buyers.
Speculators took 2,000 bales, and the total sales were 4,000
bales.—The Share Market was not so good, and there was
less doing. Birmingham and Derby, 96; Birmingham and
Gloucester, 135 ; Bristol and Gloucester, 61; Caledonian,
7%; Chester and Birkenhead, 39 ; Chester and Holyhead,
8%; ChurnetWalley, 8% 8 ; Dublin and Belfast, 6% ;
Grand Junction, 221 ; Ditto, Half, 110%; Great
North of England, 181; Great Western, 181; Liver-
pool and Manchester, Half, :103 ; London and Bir-
mingham, Quarter, 29% % ; Ditto and Brighton, 574 %;
Ditto and York, 7% ; Manchester and Birmingham, 64%;
Midland Counties, 127% ; Newcastle and Carlisle, 122 ;
Newcastle and Berwick, 16% ; North British, 14%; North
Union, 140%; Preston and Wyre, 22%; Scottish Central,
3% %; Sheffield and Manchester, 105% 106 ; Shrewsbury
and Birmingham, 6%; South-Eastern, New, No. 1, 16%;
Trent Valley, 18% 193 ; York and North Midland, New,
Half, 12%; Paris and Lyons, 3% ; Paris and Rouen, 43;
Rouen and Havre, 19; Boulogne and Amiens, 5; Northern
of France, 5%.
An increased amount of business has been announced in
the colonial markets, it being considered all but settled that
the measures, as proposed by the Premier, will be fully and
entirely carried out. The" Tea," the " Coffee," and various
other interests, not included in the proposed new tariff; are,
of course, disappointed. There is, however, a crying evil,
which ought to be immediately attended to by the Premier,
namely, the relative duties upon chicory and coffee. The
subject is thus handled by the Public Ledger, a purely com-
mercial paper :
"By the Customs' report we find that last year 31,730
cwt., or 3,553,7601 b., of foreign chicory was entered for home
consumption, at a duty of 20s. per cwt. Now, every prac-
tical man knows that the quantity of home-made chicory,
and that imported from the Channel Islands, exceeds that of
foreign, and that nearly the whole is used to mix with coffee
by a large portion of the retail dealers in the United King-
dom ; a quantity from 10 to 20 per cent. upon the deliveries of
coffee (30,000,0001 b. per annum) is sold under the name and
at the price of coffee to the public.
"Now let us examine the loss which has accrued by the
fraudulent admixture of this article.
" First—The revenue has lost the duty of 4d. per lb. upon
about 5,000,0001 b., the substitute for coffee paying only 20s.
per cwt.
" Second—The public has paid is. 6d. or 2s. per lb. upon
that weight, for which it ought to have been charged only
6d., had it been sold under its proper name.
" Third—The importers of coffee have lost bona fide cus-
tomers for about 5,000,0001 b. by the sellers delivering chicory
to that extent to the consumers who paid for coffee.
" The remedy for this crying evil is easily found for
foreign, as an augmented duty would do it ; but it is more
difficult to check the consumption of home made, and per-
haps entirely to do so impossible ; but one effectual
check would be to replace chicory under the excise laws,
among the articles from whence it never ought to have
been taken, namely, those which are prohibited to be upon
the premises of dealers, called ' imitative articles;'
and that could be at once done by rescinding the Treasury
order under which retail dealers are now enabled to have
chicory on their premises.
" The Chancellor of the Exchequer last year stated, on the
night of the Budget, that he would introduce some measure
to remedy this evil, but the session passed over without it.
We hope it will be done during the present, as the public, the
revenue, and the trade will thereby be benefited."
There has been a reaction in the Consol Market to-day ;
the price for the Account has fallen to 99%, and for Money to
994. The premium on Exchequer- bills has been at from 535.
to 555. Bank Stock for the Account is at 212.
The principal variation in the Foreign Funds has been in
the Portuguese Converted Bonds, and they have fallen from 60
to 59%. Spanish have ruled from 27%0) 28% ; the Three per
Cents. from 40% to %; the Belgian Four-and-a-Half per
Cents. from 10114 to %; and the Chilian from 1014 to %.
The Share Market is, on the whole, firmer to-day. The
amount of business that has been transacted is rather above
the usual daily average.

- ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
3 per Cent. Reduced
3 per Cent. Consols
New 314 per Cents lO3/64A 10334
Long Annuities to expire Jan. 1860 12 1-16 12 1-16
Ditto 30 years, Oct. 10, 1859 ll 15-16 11 15-16
India Bonds, 1,000/ —

Ditto ander 1,000/. ..
Bank Stock for Account... ...... ..• 212 212
Consols for Account... • ... 99%% 99%
Exchequer Bills, 1,000/., 11/28.... 53 55 pm. 55
Ditto 5001. . -
Ditto Small 55 pm. 55
ONE CLOSING
O'CLOCK. PRICES.

PRICES OF FOREIGN FUNDS.
Brazilian Bonds
Ditto, New, 1829 and 1839 —
Danish Bonds, 1825, 3 per Cent —
Mexican, 5 per Cent. 1837 ......
Ditto, Deferred — 161/8
Portuguese Bonds, 5 per Cent
Ditto, Converted
Ditto, Account 593/41/2 60 591/2 59g
Spanish 5 per Cent. 1840.
Ditto. Account . . 28 27A. 28% 28111.
Ditto 3 per Cent.
Ditto, Account 401% 403(3
Belgian Scrip, 41/2 per Cent. 10111,4
'Dutch, 21/2 per Cent
Ditto, 4 per Cent., Certific 9BTA
Ditto, 5 per Cent 991
PRICES OF PAID.: AT ONE O'CLOCK. CLOSING
RAILWAY SHARES PRICES.
Birmia. and Gloucester. 100 ~ 134 ...... 134%
Ditto 1/2 Shares
/4
Bristol and Exeter
Ditto New.... . ......... 2