The Sun.
London, England, 1842-11-10 00:00:00

PUBLIC OPINION.

The Chronicle says :—" Amongst many differences,
there are some remarkable points of similarity in the
condition of the country at the present time, and its
state during this month of November twelve years
ago. We were then, as now, under a Peel and Wel-
lington Administration. Then it was just going out,
and now it has just come in. Then it had recently
emancipated the Roman Catholics,• as now it has
modified the Corn-laws and the tariff. At that
time, as at this, a hankering was manifested after a
plot or conspiracy ; O'Connell serving the turn on
that, as O'Connor on the present occasion. At both
periods we find great alarm about mobs and mul-
titudes. And it is a like unlikeness that power was
then lost by the party by sticking to its one
Anti-Reform principle, and power has just now been
gained for the party by the utter disregard of all
principle whatever. One of the dissimilarities is, that
if the Duke of Wellington does not dine at the Guild-
hall to-day, it is not from the apprehension of being
mobbed. The multitude are not so addicted to mob-
bing as they were before the domination of Toryism
had been interrupted. The peaceful and successful
Reform agitation did something towards teaching
them better manners. Practical freedom of the Press
and of speech during eleven years of Whig govern-
ment has helped on. civilisation. A much severer
distress is• less likely to explode in abusive violence.
The multitude has learned to endure and forbear ;
and this blessing we owe to Whig government, and
the mental progress of the lower classes since 1830."
We quote the following from the Times :—" We pub.
lished yesterday the report of Lord Ellenborough's
Finance Committee, and the letter in which the Go-
vernor-General acknowledges the value of their ser-
vices. We doubt not that their ' zeal, industry, and
ability,' merit the compliment which he has thought
their due. At the same time, it is almost a necessary
consequence of this early publication of such results
as have been already attained, that the report itself is
very fat' from giving any evidence of the labour which
has been expended upon it. The, mere words of the
report are of little worth or interest. It professes
little beyond roughly stating the difficulties which
have prevented the Committee from accomplishing
more than they have done, and the mode by which they
have arrived at the result which they at present put
forward as a kind of basis for future investigations.
That result does not at present reach beyond Bergal
and the North western provinces, and comprises only
a classified tabular comparison of the public expendi-
ture under the item of contingencies' during the
years 1830, 1831, and with that of 1840-41—a com-
parison which certainly presents a tolerably startling
aspect. The total of these contingencies was in 1831
about 37 lacs of rupees ; in 1841 they have risen to
upwards of 108 lacs. From this indeed is to be de-
ducted an amount of 31 lacs, expended on account of
the wars in Caubul and China. But, even after this

deduction, there remains an increase of upwards of
100 per cent. in the last ten years to be accounted
for. That itun of the public expenditure which, in
1831, amounted to about 370,0001., has risen in 1841
to about 770,0001. This certainly is no promising
opening for the investigation, and calls very loudly
for that elucidation which it will, doubtless, receive.
We hope that the inquiry will be pursued with the
dtt3rmination with which it has been set on foot."

MONEY and COMMERCIAL NEWS
CITY, WEDNESDAY EVENING.
Business was slack this afternoon in meet of the
British Securities, but prices were generally main-
tained. 'There is some talk of the Bank of England
reducing its rate of interest from 4 to 3 per cent., but
we can hardly affirm that there is any foundation for
it, inasmuch as money is too cheap already. The
Bank, however, must necessarily suffer by its high
cbarge. Consols realised 94 to 94*, both for money
and time, and Exchequer Bills 595. to 61s. prem.
Bank Stock rose to 172 and 173, and India Stock
was steady at 258. New Three-and-a-Half per
Cents. brought 1011 to 1018; the Old Three-and. a-
Half per Cents., 1001 ; and the Reduced, 1001 to
1004. The Three per Cent. Annuities were 931 to 931.
The additional transactions in the Foreign Market
were of a very limited character, and did not establish
any variation of interest in the current rates. Spa-
nish Actives were 18 to 18*, and the Three per
Cents. 22 to 22*, being about previous quotations.
Mexican receded a little, being 33i to 33* • Buenos
Ayres were at 21i ; and these were the only South
American investments dealt in. Portuguese New
Fives were good at 381; the Old at 58 ; and the
Converted at 33. Dutch Two-and-a-Half per Cents.
were 52* ; and the New Five per Cents., 981.
In addition to the bargains noticed in our Share
report this morning, we have to record the following
as comprising the afternoon's business :—Great West-
ern, New, 12 ; Birmingham Thirds, 28* ; Paris and
Rouen, 21 ; and South Western, 181 prem. Birming-
ham and Gloucester 59 ; Midland Counties, 344- ; and
South Eastern Scrip, 2i discount.
(From The Sun of Last Night.)
In the Liverpool Cotton Market yesterday the sales
.were 3,000 bales at previous quotations. Railway
Shares were quiet, and without any material alteration.
Accounts from St. Etienne state that the Silk-trade
was improving, and that orders had been received
from Germany, France, England, and even from the
United States, so that the manufacturers were in
better spirits.
The expose of the affairs of the Bank of Manchester
has excited much attention in the City, such a la-
mentable exhibit being indeed very seldom 'witnessed.
The loss of 800,0001. in so short a period shows the
entire rottenness, and the gross partiality, of the sys-
tem upon which the business of the concern was con-
ducted, and imperatively demands,, s was represented
by one of the Shareholders, the payment of the de-
ficiency out of the pockets of the Directors. Legally,
there can be no.question, the whole of the Shareholders
are liable, and almost deserve their loss for not having
more effectually controlled the actions of the managers
they themselves elected. The fact is, however, that
the annual or half-yearly meetings of the Proprietors
in Joint Stock Companies are too often a mere matter
of form, and the few questions asked are either over-
ruled by the close corporation which directs the
affairs of the Company, or so vaguely answered as to
leave the Proprietors as much in the dark as ever. It
is evident that the only check upon Directory de-
linquencies is for the Proprietors to search narrowly
into the accounts, which for this purpose ought to be
always ready some time prior to the periodical meet-
ings. As to the talk of confidence in the Directors,
&c., this is a convenient cloak for all manner of ras-
calities, and argues poorly for any concern. This
famous plea was made in the case of the Bank of
Manchester, and what has been the result, but the
ruin of the whole establishment ? It is positively
disgusting to witness such a perversion'of yhat should
be a benefit to the whole community-41nt-stock
banking.
The Commercial Markets are rather dull, and the
public sales very limited. By private contract we
hear, however, that there has within the last few days
been an increased amount of business transacted.
A further small purchase has been made by the
Government brokers, on account of the Savings'
Banks. The quantity of Stock taken, however, did
not exceed, we are informed, 5,0001.
Again, we have to notice a further rise in Bank
stock. The reasons assigned by, us for this rapid
improvement in this Stock, we believe to be correct.
There were puichases this morning at 173 for money,
and at 174 for time. At the present moment, the
prices are 1 per cent. lower. The Three-and-a-Half
per Cents. continue to fall, while the Three per Cents.
are looking up. The current price of the Reduced
Three-and-a-Half per Cents. now is 1001 -, and of
the New Three-and-a-Half per Cents., 1011 *.
The New Five per Cents., the interest upon which
is guaranteed until 1875, have risen to 25 per cent.
above par. Consols for Money have been quoted only
at 94 and 94*; and for the Account precisely the
same values have ruled to-day. Reduced Three per
Cent. Annuities were firm at 931 but Exchequer Bills
have receded from 61 to 59 premium.
The market for Mexican Stock has not been
quite so firm this morning; the prices having receded
to 331. For the Spanish and Fortuguese Bonds there
has been but a limited demand. Spanish Consols have
been quoted to-day at 18 ; the Three per Cents. are
flat at 22 ; Old Portuguese may be given at 58 ; the
New Bonds at 381, and the Converted at 33. There
is no alteration worth notice in the other Foreign
Securities.
The Share Market has been pretty firm to-day :
London and Birmingham Railway Shares have again
been sold at 92 premium ; the New Shares at 2711
premium ; the Great Western at 25 premium ; the
New Shares at 11* 1 premium ; the Fifths do. at 4
premium ; the London and Brighton at 13* discount;
the Loan Notes at 8 premium ; the South- Western at
181 premium ; the Paris and Rouen at 21. premium ;
the North Midland at 37 discount ; and the York and
North Midland at 41i premium. The British North
American Bank Shares were at 61 discount.
MANCHESTER STOCK EXCHANGE, Nov.'B.—There
is no improvement to note in our market. The prices
are Manchester and Leeds, Half Shares, 281; Man-
chester and Birmingham, 191 to 19*; Sheffield and
Manchester, 30 to 30/ ; Edinburgh and Glasgow, 451
to 461 ; Union Bank of Manchester, 6*.
CLOSING PRICES.
BRITISH FUNDS.

Rank Stock .173
3 per Cent. Red. ....,... 93i
3 per Cent. Cons..
3i per Cent.
New 3i per Cent... loli
New 5 per Cell: 125
Long Annuities to expire
Jan. 1860 ...... 124
Oct. 1859
Jan. Is6o l2 11-161

Austrian, 5 per cent.
Belgian, 6 per
ilrazilian Ronda...
Buenos Ayres 6,per 21A
chitian, 6 percent. •
Colombian, 6 per cent —;
bit to, 1824
Cuba Bonds, 6 per cent 79
Danish, 3 per :ent
Greek, 1825, 5 per cent —
Mexican, 5 per cent 33A
Ditto, 6 per cent. 1837
Peruvian,lB2s,6 perct.

India Stock 258 pm
Ditto Bonds .... pm
Ditto Old Annuities ...
Ditto New Annuities...
Ex. Bills, 1,000/ 2d. 59 pm
Ditto 5001...... 59 pm
Ditto Small ...... 59 pm
Bank Stock for Acct. 173
India Stock for Acct...
;;Consols for Acct. ...... 94
Y FUNDS.
Portuguese, 5 per cent. 58
itto, New Ditto 3Bi
Prussian, 5 per cent.
Russian, 5 pet cent —
Ditto, Metallic . ....
Spanish, 5 per cent.,.... lit
Ditto, Deferred .
French, 5 per cent —f. —e.
Exchange
French, 3 per cent —f. —c.
Dutch, 24 per cent. s2i
Ditto, 5 per cent. .. ... 100 i

SHARES.

Birmingham and Gloucester Railway (100 p) 41
Ditto New Shares (17A paid)
Eastern Counties (23 paid) .
Ditto New (—paid)
Ditto Debentures ( paid)
Great Western, (65 paid)
I)it.to New Shares (50 paid)
Ditto Fifths ( 4 paid) .
London and Brighton (50 paid) 36A
Ditto Loan Notes (10 paid) .. ......
London and Blackwall ( paid)
London and Birmingham (90)
Ditto Thirds (32 paid)
Ditto New Shares ( 2 paid)
London and South Western (4116 s 10d pd) 59i
London and Croydon Railway (Trunk) ...) 10
Midland Counties Railway (100 paid)
North Midland Railway (100) . 63
Paris and Rouen (20 paid)
South Eastern and Dover (50 paid).
Ditto Scrip (20 paid)
York and North Midland (50 paid) ...

ARGYLL HOUSE.—The Earl of Aberdeen, Secretary
of State for Foreign Affairs, gave a Cabinet dinner
on Tuesday. It was the rst Cabinet dinner given
by the Members of the Government since last winter,
previous to the assembling of Parliament, for it is a
fact, that so engaged were the members of the Admi-
nistration throughout the last session with public busi-
ness, that those customary dinners were wholly dis-
pensed with. There were present last evening the
Duke of Wellington, Sir Robert Peel, Lord Wharn-
cliffe, Duke of Buccleuch, Lord Stanley, Sir James
Graham, Earl of Ripon, Right Hon. Henry Goul-
burn, Earl of Haddington, Sir Edward Knatchbull,
Bart., and Lord Lyndhurst.

ACCIDENT TO LORD LONDONDERRY.—A corre-
spondent writes as follows :—" The Marquis of Lon-
donderry, when following the fox-hounds on Monday
last, fell from his horse at Two-mile Houses near
Stockton-on-Tees, and broke his right arm. His Lord-
ship was immediately conveyed to IVynyard Park,
where he received surgical assistance."

We believe that we may state with certainty that
Mr. Alfred Dowling will be immediately raised to
the dignity of a Sergeant-at-Law. There are, we
understand, a number of applications for the coif by
gentleman of the different law courts ; but nothing is
decided with respect to them.
TIIE INDIAN PRISONERS.—A correspondent of the
Post states that the English prisoners taken by the
Affghans, including the ladies, concerning whom so
much anxiety has been felt, have been removed by
Akbar Khan to Bameen, seventy miles to the north-
west of Caubul. The removal, it is said, has been a
consequence of the advancement of the British forces
upon Caubul.
I IA public meeting took place in Nottingham on
Tuesday, to petition the Home Secretary for a, mitiga-
tion of the sentences of imprisonment passed on the
26 men found guilty on an alleged riot at the last
Quarter Sessions, and to collect a subscription to
support their dependent families. Resolutions to
carry out both these objects were adopted unani-
mously.

OPENING OF THE BELGIAN
CHAMBERS.
BRUSSELS, TUESDAY, HALF-PAST TWO O'CLOCK.—
The King of the Belgians has just delivered his speech
in the Chamber. of. Representatives. The following"
are the main topics •
The recent loan, the King says, was advantageously
contracted, attesting the credit of the nation ; the
law on Elementary Instruction is everywhere well—
received. He announces the satisfactory conclu- ,;
sion of the negotiation with the Cabinet of the:
Hague; and says all the difficulties relative
to the separation of the two countries have been
resolved ; the two Powers have signed a Con-
vention of internal Navigation. A proposed con-7
vention with Spain has been negotiated, but must be
approved of by the Chamber; new enactments and
special powers, necessary on account of the coming
railway communications with France and'Germany;
Luxemburgh has received with gratitude the com-
pensation awarded her ; Limburgh, " a victim °f
diplomatic necessities," is in expection of a law which
will realise one of the boons of the last session;
st
a law to be proposed for factory children; new
Ways and Means will be required by the financial
state of the country; the Army is devoted to the
present order of things; the Chamber is requested to
persevere in the course pursued by it during the
last session.

COURT CIRCULAR.
WINDSOR, WEDNESDAY.—The Grenadier Regiment
of Foot Guards, under the command ofColonelTheci"
ton, and the second Regiment of Life -Guards, conl"
manded by Colonel Reid, marched into the Little rack
this morning, and fired a feu de joie in honour of the
birthday of his Royal Highness the Prince
of Wales.
The regiments afterwards marched in review order.
The Queen and .Prince Albert enjoyed their usual
walk in the Home Park this morning, and again'" 404
the afternoon took pedestrian exercise. ,j, 414
Lord Fitzgerald and Vesci left the Castle ti°` I
,1 mornin
~4,11 A
~41
g. -1
Her Royal Highness the Duchess of Kent pal
visit this morning of congratulation to her Majest,i
and Prince Albert, on the natal day of the Prince
•
Wales, and remained to lunch. Her Royal
ness- and Lady Charlotte Dundas will join the PI
dinner circle at the Castle this evening. The I.°
lowing have also been honoured with invitations I
Lord and Lady Haddo, Major-General Wemyssi
Mr. Anson. • ,
The Earl and Countess Bruce took their departure
from the Castle on Saturday.
Many of the tradespeople of the town have
nated their houses this evening in honour of the
auspicious event of the Prince of Wales's birthday.
Her Majesty, and her Illustrious Consort and sun'
are expected to leave here to-morrow (ThursdaP,.
morning, at about half-past seven o'clock, for %Nine'
Castle.
Her Royal Highness the Duchess of Kent rove°
at Frogmore during the absence of the Court frail
Windsor. •

The Duke of Wellington left his residence, APslei
House, yesterday morning, for Dover.
Baron 13runow, the Russian Minister, transacted

business yesterday at the Foreign-office.
The Earl of Lincoln Chief Commissioner of he e
Woods and Forests, had an interview with Sir
Peel yesterday, at his official residence in Downing, ~ • '
street. Sir James Graham and other Cabinet ginieet
•• f,),'
ters had also interviews with the Right Hon. Barßaron.lr,,s
yesterday. ra ~1 ,)4/''
. Mr. Higham, Secretary and Comptroller-Gen!f 4,
to the Commissioners for the Reduction of the --elti ',,io ,'
tional Debt, had an interview with the Chancellor. 1e,199,
the Exchequer yesterday, at his official residence l'. i,,0,'
~.0 I 1
Downing-street. ~ ~, '
, ~,,i,
,11
Sir Henry Hardinge has left town. 411 l''
•,
............. ,1,. ,
' THE ILLUMINATIONS. s 'I
Many, persons expected that the illuminati,oe
it beat . t• ,'
would be on an extensive scale last evening,
the first anniversary of the, birth of the Prince ° • .0'
Wales, but they were disappointed. The very siltst '?l,'';
did not appear so well lighted as usual, and the °„j,e to 11°11'
turned out wet, which caused many sight-seeker • ,‘I,
turn in. Pall-mall contained but one solitary inu;s; 0'41.1!
nation—that of the Reform Club House. Are°D° ''i:';
490-
the principal were— ith r.%
The Haymarket Theatre—An imperial croval• * !tg-
,i,zol
the letters P. W. in gas. eV. ,fyi
United Service Club--A splendid scroll ie.n.'en.'' ('',/
with Prince ofWales'Feathers, and motto, "IchPl; ,i'l°.f.
• . •at 11,
Carlton Hotel—Large star. .4"' A
" - /29
Crockford's—Scroll in gas.
t-eirells4 4f
Messrs. Williams and Hatton, of Regan- with 011
Oxford-street, hoisted a splendid blue satin fleg,_ itr, , :-.;
the arms of the Prince in the centre, bearing- ''''''._...o47,li
scription in Welsh, which may be translated thus 4 ~,,,i) '"
" The
h e beloveddory
ofP la' P')
Adelphi Theatre—A beautiful * p
gas. i!..
Prince
ancient
t Bthrei
tloglnraserl,ts,ehr isstAblerrn, l7,
These were almost the only illuminations. in
~•, f.
. ,olti
MR. MACAULAY and the WHIGS' -,•L•l':
TO THE EDITOR OF THE SUN. r 4 Le
Sut,—As one in the habit of daily perusing Y°,l: 'f'l.l
independent paper, I am rather surprised to see, °c ¢,
sionally, some very ill-natured remarks on Mr Al'if
caulay, so very different from your usual course 41
conduct, that I confess I cannot comprehend it•
.0
can hardly suppose that a private grudge can opeZave
on your feelings regarding that gentleman. 1 "fa
noticed Mr. Macaulay's conduct, as a public men, to
many years, and I think him a great benefactor ite
the cause of public liberty. Surely it is poor,sPte,
to accuse a man of refined ideas and cultivatedo"'_,.;
with paying attention to and loving polite literate t°
in my mind such pursuits are- highly creditable the
Mr. Macaulay, and contrast most favourably yt...4th ,
doings of such gentlemen as Lords Hertford, Vt.'
.`"
fort, &c., &c. Yours, AN OLD ADMIRE
' [We willingly insert our " Admirer's" letteer:
albeit it is not favourable to ourselves. We mustt;ist
company it, however, with a positive asserti°ll, no'
we bear no grudge to Mr. Macaulay : we Ion" no 1.
thing of him but as a public man, and there is ire.
writer of the day whose talents we more Olio .
But as apublic man, who, on account of his talentlllio;
been raised to one of the highest stations, we‘toig•
Mr. Macaulay, with the other leaders of the ' hiic•
party, is much wanting in his duty to the Pt) re A
The nation is in great difficulties, and has there
right to expect that those whom it honours and iis,s 0
ling, to follow, should zealously devote themse'stbe, 1
its service. It has a double right to expect OP,"
Whigs, who contributed to plunge it into
culties, should exert them to extricate it. W.e for ,
sure Mr. Macaulay in common with the Wrlngseies
neglecting their duty. They are amusing theeres to
with literary trifles, instead of exerting therose'v bO.
rebuild the now scattered party of discreeto of
thorough Reformers. They want all the h°ll,3o' •
leadership without the trouble. That kind ofcondue
eh 33
not succeed. When a score nearly ofclever men, su 111 r.
Colonel Thompson, Mr. Sturge Mr. Cobdeelting
Vincent, and Mr. Feargus O'Connor, are Ptuhe as'
every possible engine into operation to gaill for th°
those tier
cendancy for their opinions and their poll*, 0, the
Whigs to lie idle, or to divert their attention rr° yell
pressing public affairs of the country to tbeyep to
doubtful matters of early Roman history, 01.,:losec
clearing up some obscure points in the past ,I'.. 1:
jart
tions of our country, is utterly to ruin the''' but
Moreover, it is to risk the success of g,re'd 'W°
thorough Reform, and precipitate a revoltitleli. Vl°
censured Mr. Macaulay out of love, meanintion of
could, to pique him into a due and proper ex.,n'itif*"
his great talents for the benefit of the cOI
ED. Sun.] ..
a

~
,1:14N0ovY.
91).2wSinHd IsoPutPhelrNl:fr.esh br_aese• : ..
11 DEAL,esm No,
rltNoinosNter,
and cloudy. 1.(1.,
v.NBeW—WZreinadlanNd 'Justl9 moderate's'a:cfillSoell ,
• ' • (1 100;
Diana, Bombay; Superb, Rio Janiero • ,'„,---ootio "';
Castle, Jamaica ; Gibraltar, Dominica; 11;"7,- lib.' '
Demerara ; Helen, Tobago ; British Queen; "l:•---
FALMOUTH, Nov. B.—Wind N N.E., Inuue---te.
Sid. Tagus packet, Gibraltar. •
United L i'EßSPt°a°t States, , Nov.Bri t t oBn.
, ca , Entaw, New York ‘-v
:- • -NIVe i n d
York.S.l. ,
Jamaica • Royal
Arrd. off, Hon - eAa. ..,
CLYDE, Nov. 7.—Sld Rebecca; Port Phillip. ~..,,,, t'
HULL, Nov. B.—The Gertha, B reekwold, "" ....,
I°4ll'
Altona to this
port, was driven ashore on the n, ~•
inst. at Mablethor . • .r) good c° ~'
dition, pe ; cargo discharging 1 was••••, (
and the vessel expected off, should the
~;,::
ther moderate. in Jtr'l •
CROOKHAYEN, Nov. s.—The Essex, from ,
__,,.,,,,,
maica to London has been brought in here
ito:filic,,..
having been fallen in with 30th ult. i
.n lat. 469 10, :_. :it' ',
abandoned, rudder gone, &c., with five feet want_ii',
AlbeiSifedh.,tisdr;ses.ll:
,:
her hold, by the Pauline Houghton, Tait, fromly*
ritius to London, which vessel put on board the former" .
~,,
her chief-mate and part of crew.
The following- has been posted at Lloyd's ;1; 154,..
Hydrographic Office, Admiraq, Nev• AvSO
NOTICE TO MARINERS.—GUI OF C H:
LIGHT (NORTHERN ENTR,A.N 0.10E):00.8-
The following has been received by her I‘l
Government : a COStis
The Commissioners of Lighthouses of /s.ov last a „
have given notice, that on the 29th of JT.',: of the
lighthouse was established on the western in
iat. 46
northern entrance of the Gut of Causo ipi The
• Nv •
deg. 42 min. N., and lon. 61 deg. 27 nun. the sh°re'
tower, painted white, stands 120 yards from levee of
and exhibits a fixed light 115 feet above the
_la the
the sea. It may be seen from the greater 51' as
Pliretnilt.- •
Bay of St. George and the shores of CaPe ,s oder
far as Port Hood. There is good anchoragu
the lighthouse with the wind off the land.ia
soicet
Died, lately, at Ruinney Ironworks, • A.-'_, arat
aged 108. She was the mother, grandmother
_i;
,10&,,,,
grandmother, and great-great-grandnwther Q+
children.