The Sun.
London, England, 1842-12-14 00:00:00

THE SUN, LONDON, WEDNESDAY MORNING, DECEMBER 14, 1842.

LONDON :
WEDNESDAY MORNING, DECEMBER 14, 1842.

We sae with much satisfaction that the metro-
polis is stirring in behalf of free trade. To be
prepared for St. Thomas's day when the Com-
mon Council is renewed, an excellent address has
been issued by an elector of the ward of Tarring-
don Within, calling on his brother electors to
make the question of free trade or monopoly, di-
vested of all mere party considerations, the turn-
ing point of the elections. In this address mono-
poly and free trade are thus ably contrasted :---
Monopoly.—Dean Tucker states " The precise idea
of monopoly is this—that it is a privilege, or exclu-
sive charter, granted to serve a few, at the expense,
and to the detriment of the many." And in order to
preserve for a few short months longer that most
abominable, cruel, unjust monopoly of staff of life
—bread, and the important, valuAle, and necessary
article of sugar, the whole country is saddled with an
Income-tax—inquisitorial—hardly bearable in a time
of war--now boldly proposed after twenty-five years
of Peace—rather than abolish the corn and sugar mo-
nopolies, which would benefit the people a thousand
fold
more than all the paltry modifications of the tariff
put together.

Free trade is trade divested of all public injustice :
it would avert the downfal of our commerce, set free
the springs of industry, and mitigate the sufferings
and privations of the poor; " and surely no class of
men caniong be permitted in this country to build
up for themselves a permanent prosperity upon a sys-
tem which is ruinous to the nation of which they form
a part."

Pursuing the same. course, the Committee of
The Young Men's Metropolitan Anti-Monopoly
Association have published an excellent address
:o the young men of London, signed PETER A.
FALLon, juu., Chairman. We are well convinced
hat they will not allow this opportunity to dis-
inguish themselves in the sacred cause of huma-
iity, of justice, and of their country, to escape
.vithout profiting by it. The time and the ex-
iense which many of them devote to and
vorthicss pursuits, calculated to leave behind
hem a wasted body and a scathed mind, if ap-
died to further the cause of Corn-law repeal,
night gain for them great renown, while it might
..airy many individuals to honour and dignity•
.n the olden times the London apprentices were
•i powerful political body, and we know no rea-
,On why their successors, the present young men
4. London, though the name be changed, should
ie degenerated.or :.consider themselves of less
mpOrtance. The_yoUth of France have contri-
mted to the.safeY a.44lol9uourOf their country.
The students of Ulasgow,4ll .very young men,
most of them mere lads, by a judicious exercise
)f their power, have added to the eminence and
Honour even of such men as Mr. BURKE and Sir

R. PEEL. Why, then, should not the young men
of the metropolis share in a similar generous and
glorious ambition, and seek to achieve renown
for themselves, while they confer benefit on the
country. The Committee appeal to them :
Young men of London ! the Committee feel with
satisfaction that they have, to the extent of their
abilities, done their duty : they therefore feel they
have the right to call upon you to do yours—they
waste not time in urging upon you the necessity—
the ever-increasing necessity, of a strong, united, and
they trust, successful effort. They hope nothing from
those who yet need to be convinced of this. If de-
serted factories, with gaols and union-houses over-
flowing—if a sinking revenue which an Income-tax
has as yet failed to support—if provisions cheap, with
thousands perishing of want convince you not, then
not from the young men of London can assistance in
a noble cause be expected : but it cannot, it shall not
be so. Let it not even be said that you were last in
the field—that even a time-serving squirearchy left
you in the rear.
Young men of London ! we call for—we entreat
—we demand your assistance. We call upon you to
take that position which the narrowest selfism, as well
as the broadest philanthropy, would dictate—which
your interests as young men, dependent upon com-
mercial prosperity, and the sympathy for your op-
pressed and starving countrymen, which, as young
men, none should feel more thrillingly than you, alike
demand.

They cannot be deaf to this call, but will
hasten to enrol themselves members of the
Young Men's Anti-Monopoly Association. The
rooms of the Society are at Hart's Hotel, Alders-
gate-street, and the Committee will be happy to
see the young men of the metropolis—the more
numerous the better—every evening between
seven and nine o'clock.

The Post of yesterday morning contains a
singular illustration of the influence of habit on
thought, or rather on the expression of thought.
It is .accustomed, if not to think of the landed
aristocracy, at least to speak of them as actuated
by none of the motives of ordinary men.
According to its language they never consider
themselves or their own interests, but always the
good of others and what will promote the public
good. That journal always writes as if the
aristocracy had cast aside all the feelings, de-
sires, and passions of individuals, had mastered
all the phenomena of social existence, and
!;uided all their actions by nothing but a clear
comprehension of the national welfare. What
a strange hallucination to speak of them as not
swayed by the same motives as other men! Be-
cause we will not 'give in to that delusion, and
refuse to believe the professions of the aristocracy
and of their flatterers, when they are continually
contradicted by their own actions, and not un-
frequently by their own unpremeditated
avowals;
,because we assert, confirmed by the
authority of Lord BYRON, that their whole pro-
ceedings have been dictated by a sordid desire
to keep up rent, the Post says we treat the
aristocracy with an acerbity which seems to be
insane. What a misfortune it is for such a writer
to have been brought up in the belief that the
aristocracy are exempt from the laws which
rule the minds of other human beings, and are
not men endowed only with faculties and power
to promote, and that imperfectly, their own
welfare, but angels endowed with faculties and
powers to promote the welfare of mankind
at large !

We cannot adopt that belief, and we say that the
landlords, like other men, look mainly to their
own advantage. When we find them, there-
fore, all of a sudden, speaking the language of
confidence in the power of our agriculturists to
compete with those of other nations ; when
we find them, who have hitherto taught the
Farmers to look to the law to secure high prices
instead of relying on their own skill and indus-
try, all at once reproaching the farmers for their
backwardness, trying to stimulate them to
greatereaertions, telling them that they must no
longer rely on protection, because they have at
length discovered that the law cannot give what
it pretends to give; when we observe that this
new teaching comes on the heels of a great fall
in prices, and a general demand for the reduc-
tion of rent; when we hear of farmers throwing
up their farms, and of landlords offering farms to
tenants, who will not take them unless the said
landlords will guarantee the price of wheat;
when we know that, for the sake of high rents,
the landlords have for years set at defiance all
the principles of honesty and virtue—we can only
conclude that their new tone, their sudden con-
viction that the soil is yet capable, with im-
proved management, of yielding a great deal
more, and their attempt to ins Dire the farmers
wi•h this conviction, and encourage them to go
on cultivating the ground, tar less for their own
advantage, than for the advantage of the land-
owners—fir the tenantry of England is impo-
verished much below their exert ions, their capi-
tal, and their deserts—wecan only conclude that
this new zeal of the landlords is dictated by the
old motive—a desire for high rent. To obtain
that, they are now striving to make the
farmers place the same confidence in their
own skill, and promise high rents, as they
before endeavoured—and much too success-
fully for the welfare of the farmers—to
make them place in .protecting laws, and enter
into engagements which the farmers have only
kept to their own injury and their ruin. What
is the good of a free Press if such observations
be not spoken out in time, so that the farmers
may be warned against the new delusion which
the owners of rent are endeavouring to fasten on
them ? England can compete with all the world,
but high rents must result from success, and if
imposed before success be achieved, will strangle
it in its birth. We have said all this before, and
we repeat it to show the grounds of our conviction,
from which we cannot swerve, because the lan-
guage which the Post is accustomed to use pre-
vents that journal, while it admits the power of
our remarks, from recognising their truth.
While the Post is engaging our attention, we
will venture to correct another remark of our
sincere and well-meaning, but most ill-informed
Contemporary. If its assertion that persons of
great wealth, power, and influence, have changed
their opinions, when there has been no change
of circumstances, be meant to include Sir
Ro-
BERT PEEL, we can assert that his opinions have
not changed. He knew as well ten years ago
that what is called, protection is inoperative
and cannot be maintained, as he knows at this
hour. He knew as well in 1836 that the pro-
s aeri ty of the fanners, who cultivate the soil to sell
its produce, depends on the prosperity of their
customers, the manufitcturing and commercial
part of the community, as he knows it in 1842.
But he was at these former periods seeking power
and place by the help of the owners of rent, who
did not see the matter in the same light; and,
thereflme, he concealed or Oozed over his opinions
to obtain their support. The only circumstance
which is changed is, that he is now in office, and
then he was out of office ; and he cannot now
take upon himself the responsibility of giving ef-
fect to a system which does not accord with his
own opinions, and which is attended by the me-
lancholy results now witnessed throughout the
empire.

We insert a brief notice of an Anti-Corn-law
meeting at Lincoln, which is extremely valuable
as an index to the progress of free trade opinions
in a part of the country which is exclusively ag-
ricultural, and in a city where the Bishop and
.the clergy must have great influence. But their
influence and the influence of the landowners is
as nothing compared to the influence of facts and
the general distress in the country, combined
with the diminished profit or the tradesmen in
Lincoln ; and the increase of want in that neigh-
bourhood completely outweighs all deference to
the clergy and the landowners. The facts
brought before the meeting by Mr. MORTON we
regard as extremely valuable, and we would re-
commend other gentlemen to follow his example,
and make the public acquainted with the pecu-
liar facts concerning poor-rates, &c., which throw
a light on the condition of the people in their own
localities.

Another meeting of the, Noblemen, Gentle-_
men, and Magistrates oflhe•eountY, of Renfrew
was held on Friday last, at which: more alarm-
ing facts were brought to li4ht relative to the
state of that country than have as yet fallen
under our notice. A correspondence was

read between the Chairman and Sir JAMES

GRAHAM, who, while he condoled with the dis-
tress of the country, recommended as the remedy
increased local contributions, and positively de-
clined, on the score of the Government having
no funds, to give any relief. If it were for any
purposes of coercion, Government would find
funds enough; for purposes ofbenevolence, which
are not in truth its business, it has none. This
refusal of the Government was met by a resolu-
tion, unanimously agreed to, expressing sym-
pathy with the suffering people, provid-
ing. something for their immediate relief,
sending a deputation to London to insure
that their representations shall not be further
neglected, and throwing on the Government the
responsibility, should the people continue to
want food and employment. The remarks of
the Glasgow Saturday Post are apposite, and
I ought to be laid before the public:—
The great leading feature in these repeated meet-
ings (it says), is the increasing and unmanageable
nature of the distress ; the means of preserving the
lives of the starving thousands, and the peace of the
country. The single consideration is merely how
life can be preserved, and whether or not all law, and
all order, are to be thrown a.side, and the people left
to shift as they best may for themselves. Such a state
of things has not existed for the last three centuries.
From the statements of many of the speakers, as
well as from several memorials of the unemployed
laid on the table of the meeting—even in the resolu-
tions moved by Colonel Mure, and unanimously
agreed to—but one spirit is breathed forth through-
out, and that spirit is, that the county of Renfrew is
on the verge of anarchy; that if the starving people
are not helped by others, they will put forth their
hands and help themselves, throwing aside all law,
order, and the right of property, which has hitherto
been so religiously preserved.
The resolutions of Colonel Mure, adopted by the
meeting, unhesitatingly declare that things have now
arrived at such a pitch that the Government must
step forward, and, with the national revenue, miti-
gate the distress of the working population in this
great manufacturing district. And, in the most plain
and forcible language which it is possible to use, the
resolutions and the meeting have also declared,
that if the Government do not step forward, after this
due and formal intimation, the landed proprietors
and the magistracy of the county have nothing to
look forward to but unlicensed plunder—the people
(as some of the memorialists stated), "applying to
their natural resources ;" that is to say, the strongest
helping themselves ; and the county magistracy for-
mally, unanimously, and decidedly declare that, after
this last intimation given to the Ministers of State,
they will " disclaim all legal responsibility for the
consequences."
Anarchy naturally follows on the heels of
starvation, and it seems just approaching in every
part of the empire. What with agragrian mur-
ders in Ireland, incendiarism and beggary in
England, and "men applying to " their natural
resources" in Scotland, we may well say with the
Glasgow Post, such a state of things has not
existed for the last three centuries.

At the meeting the Provost of Greenock said
that on Wednesday last the number receiving
relief amounted to 032 families with 4,017 de-
pendents. This number did not exhibit the full
amount of destitution. He said in the census
that had been taken they included none of the
ordinary poor at all. He had ascertained from
proprietors of foundries and ship-building yards,
that in thirteen establishments 1,020 men had
been discharged out of 3,288 workmen. Nearly
two-thirdsofthe workmenwere out ofemployment
and their funds exhausted ! What can become
of the poor wretches ? Provost HENDERSON, of
Paisley, stated what is feared would ensue :
He might mention one case of a woman and eight
children who had applied to him for relief, who stated
that for twenty-four hours she had tasted no food.
No later than last night a deputation of the unem-
ployed applied to him in the street—they were accom-
panied by hundreds of the population, and he believed,
if it had not been for the hope afforded them by this
meeting, and to which he had directed them to look,
an instantaneous breach of the peace would have been
the consequence. Such was the urgency of the case,
that if an immediate vote was not come to at this
meeting, the unemployed weavers and others of this
vast population would be out of bread by,to-morrow ;
and the consequence would be that they would either
require peaceably to starve for want, or have recourse
to public begging and taking by force what they
could not otherwise obtain. That was the reason the
Relief Committee were alarmed, and the Presbytery
were alarmed, along with other public bodies.

The Provost of Paisley and the Baillies, in a
memorial dated Dec. 5, tell Sir J. GRAHA one
of her MAJESTY'iI Principal Secretaries of State
—but whether he holds that office for his own
personal advantage or the benefit of the public
we will not decide—that

After Friday first, the day when the provisions
served out for the week, beginning on Wednesday
next, will be exhausted, the destitute people here,
amounting to nearly 10,000 persons, will have no al-
ternative but either to commence public begging en
masse.—to take food where they can find it, or to die
quietly of starvation in their houses. If they remain
peaceably in their houses they must of necessity perish
from want—if they go out soliciting food, either by
begging or otherwise, then they commit a direct
breach of the law.

What a condition for the people, who must
either starve or set the law and their neighbours
at defiance ! What a conclusion to fine spun
theories about reduced tariffs and altered Corn-
laws:! What a comment'on the opulent gentle-
men of England haggling for an additional shilling
duty on a quarter of corn and head of cattle ! What
apregnant illustration of the value and wisdom of
the six months' speechifying, which ended in
August last ! The sum of all is, that thousands
of the people already reduced to want, and des-
titute of employment, must starve or break the
law. That is the hard condition, the dreadful
alternative, to which they have been reduced by
a year's administration of Sir R. PEEL. Well
may the Magistrates of Renfrewshire, and well
may all men in authority, seek to throw back on
him the awful responsibility of such a vast ca-
lamity. We trust that he, too, is preparing to
shake it off him by abolishing the laws which
make the State responsible for the subsistenc
of the people. Each man must be told to pro-
vide for himself, but he must be free to do so.

A Morning Contemporary, speaking of the
Income-tax appeals in the City of London, says :
" Yesterday there was a very full attendance,
and many were the remarks against this tax. A
notice was put up, that it having been represented
to the Board that one of the appellants had ill-
conducted himself by making insolent observa-
tions, the Commissioners would not hear his case
until the close of the Commission, and that the
same rule will be enforced towards all others who
may thus misconduct themselves. The conse-
quence is, that respectable citizens and house-
keepers of the free City of London, who con-
sider themselvesusnejuhsotolly_boo37s,r-ams,shees:dp,remseunstt.
keep as quiet as
ing themselves at the Property and Income-
tax office, 30, Basinghall-street, if within
the hearing of the worthy Commissioners, or
their underlings." It would appear from the
above passage that the Income-tax is not at all
likely to lose any of its tyrannical and vexatious
character, in consequence of the temperate and
conciliatory demeanour of those who have to ad-
judicate upon it. On the contrary, these Jacks
in office seem resolved, by their arbitrary bear-
ing, to render this detestable impost as unbear.
able as possible. What can be more insolent
than their official declaration that an appellant
is guilty of " misconduct," if he happens to ex-
press a natural sense of dissatisfaction at his being
over-assessed? Is he first to he treated with
gross injustice, and then to be bullied because he
resents such injustice ? %Ve are, however, by no
means sorry that the City of London Commis-
sioners are acting in this domineering fashion-
and earnestly hope that their example may be
contagious, and that the epidemic of official in-
solence may be general among their fraternity
throughout the kingdom. It is the last load that
breaks the camel's back, and the blustering be-
haviour of the Income-tax Commissioners, is the
very thing most wanting to render this impost
perfectly unendurable by John Bull, and to in-
duce him, by one vigorous effort, to fling off the
burden.

The French papers, falsely called Liberal,
abound almost daily with abuse of England. If
they have no facts to which they can hang their
calumnies and vituperations, they publish reports
and fictions in order to place thjs country, and her
Government in the most odious light, and if all
the French nation were animated by the tio,me

spirit, the peace of Europe could not be pre
served for six months. War evidently is the ob-
ject of these men. Justice, honour, the good of
their country, and the progress of civilization
. they cast to the winds in a paroxysm of rage .at
the late successes and growing power of England.
But before they stir up their countrymen to war
they ought to reckon the cost, and ascertain
whether the gain would he equal to the loss. Do
they imagine, isolated as France is, that they
could accomplish what NAPOLEON, in the zenith
of his power, with all his skilful Marshals and
the most powerful army in the world, had not
the courage to attempt? Steam has abolished
the use of flat-bottomed boats, and were any
such mad project as an invasion of England tried,
we could cover the Channel with a hundred
men-of-war and a thousand steam-ships. Have
they any force to meet such a gigantic
power? Our steamers could blockade every
port of France, make ruinous inroads upon
their fleets in harbour, destroy their mer-
chant ships, and with them the supply of
men fbr their navy. And what would become
of Algeria, with an English fleet on the coast,
and Arabs in the rear; the one cutting off all
supplies from France, and the other avenging
the razzias and ravages of the French army ?
These very journals tell us they have
not an ally in Europe, and unless America
assists them, they must fight single-handed.
But America, even if she had a quarrel with
this country, which, thanks to the late treaty,
is not probable, has few ships of war, and less
money, and, we believe, still less inclination
to attack her best customer to please the
French. These plain truths have been forced
from us by the wild and the ungrate-
ful conduct of a party which England sup-
. ported in opposition to all the monarchies of
Europe. Let us hope that the good sense of.the
-French nation twill judge of these firebrands
according to their merits, and not follow leaders
who, without any cause or any certain object but
mischief, would plunge the two most civilized
nations of the world.into all the horrors of war.

The accounts from Barcelona are to the sth
inst. The bombardment had done considerable
damage to the city, and fires had broken out in
several places. On entering the place General
VAN HALEN issued a proclamation, in which he
declared Barcelona in a state of siege as long as
circumstances shall require, dissolved the Na-
tional Guard, and announced that the perpetra-
tors of crimes shall be prosecuted by the consti-
tuted authorities. It was thought that the
General would in addition to this punish the
inhabitants by levying a war contribution of
2,000,000 of piasters (400,0001.). The REGENT
still remained outside the walls. The following
account Of the bombardment, and the damage
done to the city, is given by a Correspondent of
the Post, dated Barcelona, Dec. 6 :
I send you a few hurried lines by the first steamer
leaving for France, to give you a few details of the
bombardment of Barcelona. The town can no longer
be recognised, it is destroyed in several parts, and the
buildings are still burning. The French sailors are
rendering every assistance with their engines to put
out the fire, and assist the inhabitants, who have
undergone a frightful bombardment of twelve hours.
The Captain-General of Catalonia commenced the
fire from the fort of Montjuich yesterday, at half-past
eleven, until past midnight. The firing ceased this
morning, and a parlimentaire again summoned the
town to surrender at discretion, or in the event of re-
fusal, the bombardment was to recommence at four
o'clock. The hard terms were accepted, and the dis-
armament of the corpos franeos has begun. A white
flag is waving on all the buildings to demand an
arrangement. The troops, with the Captain-General
Van Halen and his staff have just entered. The
house of the French Consul received three shells and
la cannon-ball, as the artillerymen from the fort of
Montjuich aimed at the dismantling of the tri• coloured
flag which waved over the house.
I have just been going over the town to witness
the extent of the disasters it has experienced from the
bombardment. The damage done is immense, and
nearly all the houses have more or less suffered. A
great many buildings are destroyed, amongst which
is that of a deputy of the Cortes, Senor Velosegut,
valued at 2,0001. 'Some notion may he formed of the
extent of the damage done by the shelling, when I
mention that 817 bombs were thrown from the fort
of INlontjuich. The Barcelonese will have it that the
engineers and artillerymen of the English, as well as
their ammunition, did all the mischief, although the
crews of the ships of war remained on board specta-
tors of the work of devastation.
The Captain-General, by a decree dated yester-
day, has dissolved the National Guards, and every in-
dividual who does not give up his arms will be pu-
nished with death. A forced contribution of 400,0001.
is imposed upon the population of Barcelona, and the
state of seige is maintained. The Regent has not yet
entered here, but the Captain-General and Zurbano
are seen in the streets. It is impossible to describe the
melancholy aspect of the population. The English
ships of war saluted this morning, and the Queen's
troops replied from the fort of the Atarazanas.

The Paris papers contain little news of in-
terest. The KING, after presiding at a Cabinet
Council on Saturday, went to Fontainebleau, and
was expected to return on Monday. The affairs
of Barcelona still form topics of discussion in
these journals, and the letter of the English
Consul is commented on with no little bitterness.
The Paris Tribunal, which, as we stated yester-
day, bad nonsuited the sufferers from the acci-
dent on the Versailles railroad, have awarded rio
costs against the Compa:iy, so that the plaintiffs
must pay all the expenses. The President
(M. PERROT DE CII EZELLESI), in the midst ofpro-
found silence, pronounced judgment as follows:
According to the indictment it would appear that
the castastrophe was owing to the following facts
and circumstances—the getting off the rails and
breaking of the right axletree, and one of the springs
of the Matthew Murray engine ; the insufficiency
.of the number of engines of the Company; the un-
fitness and bad state of the Matthew Murray ; the
placing it with another locomotive of unequal force ;
and, finally, the excessive velocity of the convoy,
all which facts and circumstances are to be imputed
to the accused.

In respect to the getting off the rails and the
breaking of the right axletree and spsings, it appears
that neither the judge-arbitrators (experts) nor the
engineers, or the other witnesses, in their depositions
have been able to determine, in a positive manner, the
order in which these various accidents took place ;
that even on this
point, upon which scientific men
were divided, only conjectural opinions have been
given ; from whence it follows that the tribunal re-
mains in doubt in that respect, and cannot draw any
inference against the accused ; when it is, moreover,
established by the unanimous evidence of the engi-
neers and judge-arbitrators, that the spring and axle-
tree were made
of good iron, well wrought, and are
still susceptible of a long service.
In respect to the sufficiency of the material :—See-
ing that this has not been proved, that even the engi-
seer charged by
of the railroads, the Government with the inspection
gives favourable testimony as to the
number of engines,
and the fitness and good state of
the Matthew Murray machine.
Seeing that, according to the opinions of science, at
the moment of the catastrophe the fitness of this en-
gine 'cannot be impugned, and that, in considering
the particular construction of the Matthew Murray,
the Tribunal has had no proof that the locomotive had
the reputation of being bad, and presented signs of
danger, nor that it had been remarked by the com-
pany, or that it had exceeded or even attained on the
Bth of May
the bounds of the ordinary service of an
engine ; that finally, it had been purchased from a
skilful and ex
many others of precisely the same kind, against
complaintswhich
no perienced manufacturer, who had made
nor protests had been raised, and the
use of which
is still allowed both in France and, abroad.
Seeing,
in respect to the manner of placing the
AT
Matthew
-4urrav, that it was in strict accordance
with "stem, and that no blame can be imputed for
this to the
accused, inasmuch as scientific men are
even now
divided on this point.
In respect to the excessive speed :—Seeing that, on
this Point, the evidence is contradictory; that no suf.
ficient proof results thereof that the convoy went at a
speed to cause or aggravate the accident; and that,
for the rest,
in this respect,
supposing even this last point proved, the
fault must be brought home to the accused; and that,
the accusation had not been borne out.
In respect to the claims put in fur damages, as the
Courts of Correctional Police have not the power of
deciding civil actions but accessorily for the public
action, and as
no offence has been established, the
demands for damages could not be decided.
The Tribunal, for the above reasons, dismisses all
the accused from the consequences of the indictment,
and condemns the civil parties (demanding damages)
in the costs !

Sir Robert Peel left Windsor Castle on Sunday, and
proceeded to join Lady Peel and family at his seat in
Staffordshire. A numerous and distinguished party
have been invited by the Premier to spend the Christ-
mas holidays at Drayton Manor. -
Lwly Graham we are happy to state is convales=
cent, ' The fever has entirely subsided. • •

MONEY and COMMERCIAL NEWS.

CITY, TUESDAY EVENING.
The market for the English Stocks left off
firmly this afternoon, in the absence of any increased
business. The jobbers regret much the smallness of
the first instalment of the Canada Loan, as it pre-
cludes them from any participation, it being ru-
moured that the Alliance Insurance-office, or some
other rich corporation, will take the whole amount.
Consols for the opening brought 938 to 94. Money
continues abundant, not being worth more than 2 per
cent. in the Stock Exchange, while in the discount
market it has been only 24 to 24 per cent. Exchequer
Bills support the premium of 51s. to 535. ; and India
Bonds were firm at 475. Bank Stock was at 1721 to
1734 ; and the Reduced Three-and-a-Half per Cents,
were 100,i to 101.
We are glad to perceive that the Committee of the
Stock Exchange has published its report respecting
the conversion of Mexican Bonds, the material points
of which, however, have already appeared, and we
regret to observe that the Committee being unable to
procure the numbers of the bonds actually in circu-
lation from Messrs. Lizardi and Co., are prevented
from taking any further proceedings in the matter.
The bonds were a shade better to-day, being 314 to
311. From Spain there is nothing more against the
Bonds, the capitulation being unconditional. The
Actives touched 18 to 184, and the Three per Cents.
234 to 23i. Colombian were steady at 21!, ; Chilian
Active at 92, and Deferred at 23 ; Peruvian at 17 and
Brazilian at 69. Dutch Two-and-a-Half per Cents.
were steady at .524 to 524.
Shares were dull, the only additional bargains since
the morning being ;these :-Eastern Counties at 14 ;
Brighton, 144; and Bristol and Exeter, 244 discount.
South Western at 204 ; and Paris and Rouen 54- to
6 premium.
In the rates for Bills of Exchange upon one or two
Continental cities, there was a slight improvement,
and all were firm, being as follows :-Paris, 25f. 871 c.
to 924 ; Hamburgh, 13 114 to 12 ; Frankfort, 1514
to 1514 ; Amsterdam, 12 5i ; Trieste, 9 584 to 59 ;
and Antwerp, 12 54 4.
(From The Sun of Last Night.)
The Cotton Market at Liverpool yesterday was
fiat, prices being somewhat in favour of the buyers,
though only a moderate business was done. Sales
3,500 bales, of-which 500 were Surat, at 31d. to 44d;
200 Maranham, at 54d. to 64d. ; 60 Egyptian, at
6(1. ; and 2,740 American, at 44d. to 7d. per lb. The
Railway Share Market was also less active. Eastern
Counties were 84; Edinburgh and Glasgow, 48 ;
Grand Junction, 191 ; Liverpool and Manchester,
Quarter, 454; Birmingham, New, 334 ; Midland
Counties, 63 ; Paris and Rouen, 264.
Accounts from Adelaide, South Australia, of June
2, give an account of the proceedings of the natives at
Port Lincoln, which certainly does not impress one
with a very favourable idea of the measures taken to
protect the settlers against a horde of natives ; 15
soldiers were sent by the Governor from Adelaide,
and this "army," as a local paper facetiously terms it,
was immediately routed. The inhabitants of Port
Lincoln are described as. being afraid to move out
of their houses, and were anxiously demanding
the more efficient protection of an armed patrol or
police. The culture of the vine was about to be in-
troduced from the Cape of Good Hope, and an Agri-
cultural Society had been formed for the improve-
merit of the resources of the people. Provisions seem
rather dear. Flour 201. per ton • Mutton 4d. to sd.
per lb.; Veal and Pork Bd. to 10d. per lb.; and Bread
Is. 2d. per 41bs.
The Canada loan is the talk of the eitimni blessed
with more money than they can provide suitable em-
ployment for ; and judging from the present rate of
the 34 per Cent. Annuities, it is calculated that 106
or 107 will be tendered for the debentures which bear
4 per cent. interest.
Scarcely any business has been transacted in the
English Securities to-day, which, however, have been
very firm. Money is very abundant in the Stock
Exchange, and does not command more than
two per cent., while in Lombard-street it meets less
employment than was anticipated, the merchants ex-
hibiting most praiseworthy caution in not over-
doing the new trade to China, which for some
time to come, will be much of a speculative one.
Consols for the opening have realised 94 ex dividend,
and Reduced Three-and-a-Half per Cents., 1004 to
101 ; Exchequer Bills are 51 to 53 premium, being
held very steady. Bank Stock is kept up to 1724
and 173 i. The broker acting for the Commissioners
of the Savings' Banks has taken 5,3001. in the Re-
duced Three per Cents at a slight advance, viz., 94/.
The Foreign Bonds are more elastic. Spanish
Stock gets up gradually to the position it stood in-be-
fore the outbreak at Barcelona. The Actives are 18
to 4, and the Three per Cents. 231 to 231. The
Passive Stock is at 4. For Mexican Bonds there is
also rather a better sale, and the price is 314 to 314 ;
Columbian are worth 214 ; Brazilian,69; and Chilian,
92 ; all being steady. Dutch Two. and-a-Halt per
Cents. are at 52! to 5274..
Shares are rather dull. Great Western, New, are
144 ; Birmingham, 99 ; the Quarter 24/ ; the Thirds,
314; and the Northern and Eastern, Scrip, 51 prem. ;
Brighton, 144; and South Eastern 27 discount.
-MANCHESTER STOCK EXCHANGE, DEC. 12.-We
continue to have a demand for Manchester and Leeds,
South Westerns, Liverpool and Manchester, Bristol
and Exeter, and most of the leading Railway Stocks.
Our sales were-Bristol and Exeter, 464; Hull and
Selby, 354 ; Manchester and Salford Bank, 1011 ;
Union Bank, 7 9-16.

CLOSING PRICES.
BRITISH FUNDS.

Bank Stock
3 per Cent. Red. ........ 94g Ditto Bonds
3 per Cent. C0n5..... — Ditto Old Annuities
3i per Cent. Red... 101 Ditto New Annuities —
New 3i per Cent......... Ex. Bills, 1,000/....9d 5l pm
N.l VT 5 per Cen' — Ditto 5001...... 51 pm
Long Annuities to expire Ditto Small
Jan. 1860 ......... Bank Stock for Acct.
Oct. 1859
Jan. 1860 Consols for Opg. ...... 94
N FUNDS.
Portuguese, 5 per cent.
Ditto, New Ditto
Prussian, 5 per cent —
Russian, 6 pei cent —
Ditto, Metallic ..... ..
Spanish, 5 per cent lBi
Ditto, Deferred.... .
French, 5 per cent. —f. --e.
Exchange
French, 3 per cent —f. --e.
Dutch, 4 per cent. 524
Ditto, 5 per cent. .. ... 100 i

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