The Sun.
London, England, 1842-07-09 00:00:00

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF THIS DAY.
CITY, FRIDAY EVENING

TIMES.—The Funds have declined i per cent, today,
with very heavy appearances ;. there have been no large sales
of stock, but there is a continued influx of small parcels, which
increases the difficulty of supporting prices. The payment of
the dividends has had no effect on the market at present, and
there appears for the while to be a demand over and above
the supply.
The class of the " Danish claimants " who claim compen-
sation fur the loss of ships, &e.., seized within the Baltic, have
again addressed a petition to the House of Commons. In this
they in the first place refer to the decision of that House in the
sessions of 1838 and 1839, that they are as fully entitled to
compensation as the other two classes who have already been paid,
and to the Report of the Commissioners upon individual cases,
according to which claims to the amount of 225,0001. were
established in 1840. They then proceed to show that this
decision and Report have been of no benefit whatever.
The late Government not having taken any steps
towards the payment of the awarded sum, the case of the
claimants was again brought before Parliament in June 1841 ;
and the whole House in Committee agreed to an address to
the Crown, praying "that her Majesty would be graciously
pleased to advance to the claimants the amount as ascertained
by the Commissioners to be due, and assuring her Majesty that
the House would make good the same." Her Majesty's answer
to this address was—" It must at all times be my most earnest
desire to attend to the wishes of the House of Commons, and
I shall be ready to give effect to them in this instance, when-
ever the means shall have been provided by Parliament."
This answer of course revived the hopes of the claimants, as
they already had the opinion of the House in their favour, and
here was every reason to believe that such favourable opinion
would be acted upon. Nevertheless, neither the late nor the
present Administration have taken any steps towards the satis-
fiction of the petitioners' claims, and they still fled them-
selves in the same situation as before. Having, therefore,
not only a decision of the House of Commons in their favour,
but also a declaration by that House that it would make good
the amount of compensation, they now submit that at all events
the Ministers might have applied to the House for a vote of
money, or even have advanced the money at once, in
full confidence that the House would redeem its pledge.
They use the argument that it is not constitutional in a Minis-
ter to disregard a resolution of the House appropriating to a
certain purpose a portion of the public money; and they state
that they have been unable to find any case where, when ad-
dresses have been answered from the Crown, the Government
has failed to give them due effect. On the constitutional point
thus set up this is not the place to decide, but it is one that is
not to be disregarded ; and the position of the petitioners who
have made out their case four times to the satisfaction of the
House of Commons, and now find themselves without corn-
pensaiion, is certainly one of the greatest hardship.
SUN.—The sales of Stock for Money continued to be made
for small amounts during the day, and necessarily rendered
the market flat. It is now almost positively ascertained that
the income-tax is the cause of this demand for money, in con-
sequence of an impression that by selling the stock, the impost
will be avoided, inasmuch as the dividend will be received by
the purchaser. It is almost unnecessary to state that this view
of the subject is most erroneous. Immediately the books
are cla'sed for the payment of dividends, the warrants
are made out in favour of the party in whose
name the stock then stands, and from which the
tax is deducted. These directly become the property of
the possessors of the stock, and any transfers which subse-
quently may be made, are made without the dividend, which
can only be claimed by the original holder of the stock. These
facts are mentioned in consequence of several parties having
sold, and others attempting to sell Consols, under the idea that,
if they do so, the buyer will be the sufferer, forgetting at the
same time, the last half-year's dividend awaits their receipt.
Consols closed at 911 91-; for Money, 91/ 91i for the 15th,
and 914 for the August Account ; Reduced, 911 913 ; Bank
Stock, 1661 1674 ; Exchequer Bills, Old, 45 48; New, 48 50
premium.
The dulness of the English Funds affected, in a slight degree,
the prices cf Foreign Securities. Belgian were 102 103 ;
Dutch Two-and-a-Half per Cents., 511 511; the Five per
Cents., 101 1011/, ; Danish, 81 82 ; and Brazilian, 64 66.
The quotation -for Mexican dropped from 354- to 351. It
was reported late in the afternoon that the West India steamer
had arrived, bringing favourable intelligence, and a large re-
mittance from Mexico. The fraud lately committed in regard
to dealiugs in this Stock rendered operators cautious until the
truth could be ascertained ; it ultimately proved to be prema-
ture, although the vessel is now eight days overdue.
The flatness of the Money Market caused the demand for
Railway Shares to be diminished, but prices were unaltered.
London and Birmingham, 178 180; Birmingham and Glou-
cester, 481 50; Great estern, 861 874 ; the Half Shares,
614 62 ; South Western, 601 61 ; North Midland, 591 601 ;
the New Shares, 294 30/ ; South Eastern and Dover, 231 24 ;
Eastern Counties, 84 9; Northern and Eastern, 40 41 ; Black-
wall, 9 94 ; and Brighton, 341 35.
The Exchanges were all lower, and especially en Ha.ratirgh ;
the remittances now being made by the various insurance
offices for the sums lost by the 1 to fire will account for this
decline. The rates negotiated on 'Change were—Amsterdam,
12 4i 12 5 ; Rotterdam, 12 44 12 5-A ; Antwerp, 12 4i 12
41s ; Hamburgh, 13 10)-, 13 10; Frankfort, 1.504- 151 ; Paris,
2.5 t. 70c. 25f. 75c.

The quotation for the Bonds, instead of rising as was for-
merly the case when the English dividends were paid, were all
lower, the market being now entirely supported by itself. The
official quotations were—Colombian, 22 ; Portuguese Five per
Cents., 334 33:3, ; the Three per Cents., l 9! ; Spanish Five
per Cents., 2IA ; and the Three per Cents., 214.
Money has been exceedingly plentiful at from 211 to 3
per cent.

DANISH CLAIMS.
PETITION OF CLAIMANTS.

The humble Petition of the undersigned merchants and others,
claimants for losses sustained by the seizure of their ships
and goods by the Danes, in 1807,
Sheweth,--That your petitioners represent the claimants on
the British Government, for compensation in respect of the loss
of ships and cargoes seized within the Baltic in reprisal by the
Danes, in the year 1807, and subsequently condemned and sold
by the Danish Government.
That the House of Commons, in the two successive sessions
of 1838 and 1839, adjudged, by large majorities, that this class
of ciaimani, w.a qually e.z.titlee to compensation with the
other two classes, to which it had been already awarded, and
has sincebeen paid.
That it was thereupon referred by the Treasury to certain
Commissioners to adjudicate and report upon the individual
cases ; and, after a strict investigation of documentary and
other evidence, 11(.1 claims, to an amount in the whole of
225,0001., were, in 1840, reported as established.
That no steps having been taken by the late Government
towards the payment of the sums thus awarded, it was moved,
on behalf of the claimants, on the 9th of June, 1841, that " the
House should resolve itself into a Committee of the whole
House, to consider of an address to her Majesty," which motion
was carried without a division.

That on the following day (June 10), after a debate, and
upon a division, the whole House, in Committee, agreed to an
address, praying " that her Majesty would be graciously pleased
to advance to the claimants the amount as ascertained by the
Commissioners to be due, and assuring her Majesty that the
/louse would make good the same."
That this address was duly presented, and, on the t2lst of
June, 1841, her Majesty was pleased to return the following
answer :—" It must at all times be my most earnest desire to
attend to the wishes of the House of Commons; and I shall be
ready to give effect to them in this instance, whenever the
means shall have been provided by Parliament."
That, notwithstanding this intimation of her Majesty's plea-
sure, nothing has been done, either by her Majesty's late ad-
visers, or by her present Ministers, to give effect to the gra-
cious intentions of her Majesty, and your petitioners are still
wholly without any fruits or benefit from the repeatedly re-
corded resolutions of your Honourable House in their favour.
Your petitioners respectfully- submit that, immediately on
the communication of her Majesty's pleasure, it was the duty
of the Ministers to have asked your Honourable House for a
vote of money to be applied in satisfaction of these claims, or
rather at once to have paid the money by anticipation, in the
assurance that your Honourable House would redeem its
pledge, and make good the advance by an appropriation, your
pet;tioners confidently believing that not a single instance can
be found in which the House of Commons has failed to give
effect, by a vote of money, to its own previous resolution.
Your petitioners further respectfully maintain, that the
House of Commons, being the constitutional guardian of the
public money, it is not constitutional in the Minister to disre-
gard or frustrate a resolution of the House, purporting that a
portion of she public money shall be applicable and applied to a
particular purpose.
That very numerous cases are to be found in which ad-
dresses have been made by the House of Commons to the
Crown, for grants of money, as well to individuals as for
public purposes., which addresses have been graciously re-
sponded to by the Crown, and that in 110 instance, which your
petitioners have been able to find, has the Government failed
to give effect to such addressee and answers, either by imme-
I thee payment, or by calling upon the House to provide the
' requisite means (if payment.
That your petitioners have made repeated applications to
her Majesty's Government, requesting them to take the ne-
cessary steps for fulfilling the declared wish of your Honour-
able House, assented to and adopted by the Crown, but
hitherto wholly without effect.
That your petitioners having four times made out their case,
to the satisfaction of your Honourable House, and indefeasibly
established their title to a compensation already withheld from
them for thirty-five years, having incurred great labour and
expense in the proof of their individual claims before the Com-
missioners, and having made arrangements on the faith of the
awards made, and the declarations and proceedings of your
llonourable House in their favour, cannot but consider this
refusal, or delay of justice, on the part of the Government, as
a serious aggravation of the original wrong ; and they now
humbly and respectfully pray your Honourable House,
That such measures may be taken for giving effect to the
resolutions and address of your Honourable House, as to your
Honourable House, in its wisdom, may seem fit.
And your petitioners will ever pray,
THOS. WARD, Chairman of Hull Claimants.
ROBERT BRERETON, of Blakeney.
JOHN P. KIDSON, on behalf of claimants of
Sunderland, Newcastle, and Shields.
&c. &e. &c.

-------- ---
MELANCIIWY ACCIDENT.—A very melancholy
accident took place on Wednesday, afternoon, in the neigh-
bourhood of the Boharm suspension-bridge. Two children
of Anderson, saw-miller, at the Shirra Haugh of Arn-
dilly, were climbing, it seems, on the rocks of one of the
ravines of Benagen, in search of hawks' nests, when a part
of the rock gave way with them. They fell to the bottom,
and the mass of rocks fell upon them, crushing the leg of
one of them, a fine girl of eleven years of age, to a perfect
jelly, and otherwise wounding her severely; while the
thigh loGne of the other, a boy of about nine years old, was
broken, and his head much bruised. After some time, they
were found in this condition by their poor mother, who was
not able to remove the rock from them, and some further delay
occurred before assistance could be procured in such a lonely
situation. When information of the accident reached Dr.
McPherson, of Garbity, he repaired to the spot, and endea-
voured to save the life of the girl by amputating tli!
Crushed limb, but in vain—she sunk in death a few Minutes
us
after the operation. The boy is wader theb doctor's care, still
1
in life, but, we undesstapd, a very doutfikl statc.—Edin.
burgh I.l7tßat.