The Sun.
London, England, 1842-03-02 00:00:00

THE SUN, LONDON, WEDNESDAY MORNING, MARCH 2, 1842

expense of cultivation, must be given up, on fie Tory
theory, by Sir R. PEEL reducing' the protection ? Are
these men to be offered up at the shrine of their bre-
thren's welfare ? How pleasant for the oat growers
of Ireland, and the cultivators of the stony plains of
Bucks, to be sacrificed to the men of Lincoln fen by Sir
ROBERT, who throws them as it were to be devoured
by the Whig-Radicals. This important effect of his
scheme, inflicting that injury on a few farmers, which
he and the landlords have described as the consequence
of repealing the Corn-laws, and which is so well set
forth by the Essex farmers, was very clearly pointed out
to the House of Commons by Mr. VILLIERS, in his closing
speech on Thursday evening.

The visit of her MAJESTY to the largest and most
celebrated Royal Harbour in the United Kingdom has
been justly hailed by the inhabitants with every demon-
stration of joy and gratitude. The gratification caused
by such an event, however, is not confined to Portsmouth.
The public at large delight to see our beloved QUEEN
taking an interest in our means of defence, mixing gra-
ciously with her people, and encouraging by her presence
the loyalty and bravery of our soldiers and sailors. Since
the days of Queen ELIZABETH, perhaps no Sovereign
has exhibited such a cordial sympathy with the
tastes, habits, and amusements, of the British nation.
Unlike GEORGE the Fourth, who, with all his noble
manners, and kingly dignity, was neither loved nor
respected—who, in manhood, was known only for his ex-
travagance-4n his latter days, for his cruel treatment
Qf a persecuted woman—and in his old age, for a love of
seclusion and hatred of society, not surpassed even in
the person of the deceitful and cruel TIBERIUS, Queen
VICTORIA rejoices with her people, despises the vain eti-
quette which so often deprives sovereigns of useful know-
ledge and rational amusement, and seems never more happy
than when she sees thousands of men, women, and chil-
dren, happy around her. This is the way not only to
gain the affections of the people, but to add courage
even to the brave defenders of our country. Her ex-
ample on Monday, the firmness she displayed in a stormy
sea, and her determination to go through the duties of
the day independent of obstructions which would have
deterred Sovereigns of the other sex, are all worthy of
praise, and cannot fail to be productive of good.
The soldiers and sailors who witnessed her de-
meanour will not forget it In the day of battle. We
advert to such circumstances with great satisfaction,
and always regret when a sense of duty compels us to
make remarks on such acts of extravagance as expend-
ing 70,0001. on Royal stables, or granting annuities out
of the Civil List to persons who properly had no claim
on it, because they had already been well paid for their
services. Jobs of that kind, though they may be the
acts of the Minister, are anything but favourable to that
love and respect so justly due to our gracious QUEEN.

The Plymouth Herald of Saturday assures us that all
classes in that town and neighbourhood are quite dis-
satisfied with the Ministerial Corn-law project. On
Friday a meeting of the Chamber of Commerce of the
port of Plymouth was held, at which the following peti-
tion to the House of Commons was adopted, which was
only objected to by the bulk of the inhabitants of Ply-
mouth as being too moderate :
That your Petitioners, in common with the bulk of the com-
munity, consider the present Corn-laws injurious to the wel-
fare of the nation, and regard with considerable dissatisfation
the measures proposed by the Government for their alteration.
Your Petitioners admit that the proposed Scale of Duties
are an improvement on the existing impost, yet the great ranee
of the scale now submitted will be productive, not only of a
continuance of hazardous speculation, but will much disappoint
the expectations of the consuming and mercantile classes.
Your petitioners, sympathising in the existing distress of
the manufacturing and commercial interests of this country,
are desirous of seeing the laws affecting the importation of
corn placed on a basis that will promote an extension of our
commerce, and alleviate the depression so loudly and justly
complained of.
Your petitioners therefore humbly, but earnestly, implore
your Honourable House will make such modifications and
amendments in the proposed measures relating to the foreign
corn-trade as will be consistent with justice and sound policy,
and will not give undue protection to any interest at the ex-
pense of the empire at large.
If anything which the Tories do could surprise us, it
would be the pertinacity with which Sir ROBERT PEEL
and his colleagues stick to a measure so universally un-
popular as the proposed scale of Corn• law duties. Not
only is the Ministerial sliding scale denounced by the
total Corn-law repealers, but by all that class of raid-
way politicians who form the only connecting link
between the landed aristocracy and the manufacturing
operatives. Sir ROBERT PEEL'S plan pleases nobody.
The followers of the Duke of BUCKINGHAM, and all the
Ultra-Tory aristocracy, see in it only a measure of
spoliation ; the Whigs, who have as much interest in
land as the Tories, but who supported the measures of
the late Government, are convinced that a sliding scale
can only benefit the gamblers in averages ; while such
of the commercialists as are not opposed to some
tax cn corn, condemn Sir ROBERT PEEL'S
scale as exorbitantly high. Thus all parties
are opposed to it. Our Plymouth friends regard
the proposed law as an improvement upon the old one.
We cannot agree with them. It is an insult to a starv-
ing, long-suffering people, and nothing else. But sup-
posing it an improvement, it is the removal, not the
mitigation of the evil that we now want. We seek jus-
tice, and we shall be content with nothing less.

Too much praise cannot be accorded to Lord BROUG-
HAM for the indefatigable energy which he displays, ses-
sion after session, in endeavouring to improve the ad-
ministration of justice in this country. The more we
attend to the peculiar labours of the Noble and Learned
Lord in the extensive and brambly field of Law
Reform, the less do we feel inclined to regret his
standing so far aloof from the political agitation to
which he was once as much the moving power as
the wind is to the wave. Those very efforts of
his, which have hitherto failed, have been attended
with the signal advantage of compelling, as it were, less
potent intellects to acknowledge the existence or the
necessity of amending evils not previously perceived by
them. Nearly ten years have elapsed since his
Lordship submitted to the Peers his County
Courts' Bill. This Bill provided for the esta-
blishment of Courts in the principal towns
in every County in England and Wales, for
the trial and final adjustment of all actions within each
county, civil and criminal, in which the amount of
damages claimed did not exceed 501. This was to prevent
the harassing and expensive removal of actions from
court to court, by which in many cases the ends of
justice were, and arc clearly defeated, as for example in
the trial of Provincial Journalists for libels in London.
The Bill further provided for the establishment of Courts
of Reconcilement, for the amicable settlement o"'
local disputes without the expense, annoyance, and de-
lay inseparable from the employing of attorneys and
lawyers, and the exposure of family affairs in ordinary
courts of law. As might be expected, the Tory Law
Lords and the Tory party generally opposed the Bill,
and it was lost, after considerable progress had been
made in it. The late Lord Chancellor COTTENHAM
prepared another Bill less comprehensive than that
of his Noble and Learned predecessor, which is now
before Parliament; but as it proposes to remedy only
the lesser evils which Lord BROUGHAM'S Bill was calcu-
lated to remove, it is with great satisfaction we announce
that Lord BROUGHAM, last night replaced his own Bill
upon th.ir Lordships' table. The best of it, however,
was, and that which confirms what we have said of the
usefulness of Lord BROUGHAM'S least effectual labours,
no sooner had his Lordship deposited his Bill on the
table of the House, than the LORD CHANCELLOR
rose, and stated that he, too, had been preparing a
County Courts' Bill, which he would be ready to submit
to their Lordships in a few days ! With much naivete
his Lordship added that it would be for the House to
take its choice of the three Bills, or to see whether they
might not amalgamate them. Lord LYNDHURST, now
that he is in office, wants to share the credit of this great
and important measure with Lord BROUGHAM. HC will
go halves with BROUGHAM, or thirds with BRouGHA,m
and COTTENHAM, rather than run the chance of never
being named in conjunction with a Bill which is des-
tined to reflect such immortal honour upon the great
Law Reformer Risefodrumee,r
ant whodo
who nearly m
the
earlytenwholeyears
caognocepsttitobn.
aiymniyht tiegodhooiedtvfeworrhicimmediate
Courts'cad o nofpetrßioiiinlpl
otponastthsh,oetiihcooounnrseteraylofimsLorreoiartidloysf.
attributable to the law reforming labours of Lord
BROUGHAM, and to none other. •

The debate on the Address is not yet over in the
Spanish Cortes.

Tho young QUEEN was nearly hit on the 19th, by the
accidental firing of a gun belonging to a water-carrier,
the muzzle of which was pointed in the direction of the
Royal gardens where the QUEEN was walking.
The following appears in the Madrid Gazette of the
20th :

ach. of reals, which
" Art. 1. The Government is authorised to make an issue
160,000,000terst of six per cent.
ftpso;yfooao
per ar.num.
shallftreasury
"Art.b 21 v.
bondsd'efdh ei sn 'these into
t3h2e
bondss amount
°sr iheoasul ion
" Art. 3. The negotiations of these bonds shall be made with
the publicity called for by the circumstances and the objects to
which these bonds are devoted. The preliminary notice shall
be published in the Garette.
" Art. 4. For the sinking of the bonds and interest due
shall be appropriated all the duties received in the Custom-
houses in the kingdom, where these bonds shall be received as
cash in the form which shall be determined on.
" Art. 5. The series of thesmbonds shall be numbered from
1 to 32. Each month one of these series shall be paid off
(amortie) in successive numerical order, se that the bonds of
the first series shall be received by the customs of the kingdom
horn the first day of the month, which shall immediately follow
that of the first ei.nission made by the Government. The 31
other series will have the right to be cancelled, and they will
be equally received at the eustom-hotuses of the kingdom in
the

31 following months. No more will be received in each month
than those of the series whose turn for cancelling shall have
arrived.

'• Art. 6. The Government will announce in the Gazette,
on the first day of each month, the number of the series to be
cancelled.

Art. 6. The holders of bonds will have the option of either
paying those bonds into the Customs by way of duty, or to de-
mand the payment of the principal and interest at the public
Treasury of lladrid. Those who may prefer this latter course,
cannot present themselves before the 15th of the month which
shall follow that in which the cancelling of their respective se-
ries may take place.
(Signed)
,‘ Madrid, Feb. 18."

" PEDRO SURRA Y RULL.

There is no political news of interest in the French
Journals ; for the right of search question has no
longer interest for English readers. We subjoin the
most stirring extracts from them :
Private Correspondence of the Constitutionnel:—
CONSTANTINOPLE, FEB. 2.-31. de Bourqueney is ex-
tremely dissatisfied with all that is passing in Syria. Every
day he makes fresh applications to the Porte, in favour of the
Christians, for whom he demands the privilege granted them
many years ago, and which are now disregarded. He meets
wits. great difficulties on the part of the Porte. In a word,
the demands of France on the one hand, those of England,
which will increase now that the Protestant Bishop has arrived,
the opposition which the Turkish authorities meet with :rom
the inhabitants, all these things much embarrass the Porte.
Such is the present that the treaty of the 15th of July has
made to the Sultan—great expense, much cry, and little work—
since nothing is organised.
Sir Stratford Canning and M. de Bourqueney appears to
be on the most friendly terms. They see each other fre-
quently, and the day before yesterday the British Ambassador
dined with the Minister of France, a circumstance which did
not once happen between Lord Ponsouby and Count de Pontoi
Their instructions are said to be identical.— Constitutionnel.

MONEY and COMMERCIAL NEWS.

CITY, TUESDAY EVENING.
Some improvement occurred in Stocks to-day, owing to a large
purchase or two. Consols closed at a rise to 89 3% for Money,
and 89i 3/4 for Account. Exchequer Bills were steady, and the
heavy stocks had a fair sale. India Stock was lower upon the news
from Afrghanistan.

In Foreign Securities very little business was done, and all were
flat except Mexican, which touched 36g. Spanish were dull at 24g.
The market for Shares was brisker, and some of the Railways
brought a higher value.

For bills of exchange, the rates, though still good, were barely
so high, as on Friday last.

The following are the official returns of the exports of bullion
from the port of London for the week ending Thursday last :
Silver coin to Hamburgh
British West Indies
Rotterdam 95,000
ears to ditto
Hamburgh
(From The Sun of Last Night.)
LIVERPOOL COTTON MARKET, FEB. 28.—This week has
opened auspiciously for business. The trade speculators and
exporters have taken 5,000 bales, principally American de-
scriptions, at fully Friday's .rates. The market has closed
firmer than for some days past.
LIVERPOOL SHARE MARKET, FEB. 28.—The business done
in the Stock Exchange to-day is not very heavy ; the follow-
ing were the closing prices at a quarter past four o'clock :
Eastern Counties, New, 4; Grand Junction Half Shares, 91 ;
Great Western Fifths, 10 ; London and Birmingham, Quarter
Shares, 341; Ditto New, 29i.
MANCHESTER STOCK EXCHANGE, FEB. 28.—A greater
amount business might have been done to-day had stock been
more plentifully offared. Prices are firm. Manchester and
Birmingham, 28* l ; London and Birmingham, 1671 1681;
Bristol and Exeter, 36137* ; Eastern Counties, 9 91; Ditto,
New, 1 14 ; Union Banks, 61. I Is. 6d.
The English market opened heavy this morning, with
scarcely any business doing. Consols for Money, are now
89ii, and for the Account, 89i ; Three per Cents. Re-
duced, 89 ; Reduced I hree-and-a- Half, 99a ; New Three-
and-a-Half,9Bi a ; Exchequer Bills, 24 26 prem.
In the Foreign Market there is no alteration. Spanish
Stock is quoted 24} ; Portuguese Five per Cents. 33/I ;
and the Three per Cents. 191/2 20 ; Mexican Bonds, 351/2
36; Colombian, 23i ; Dutch Two-and-a-Half per Cents.
52%; and the Five per Cents. 1021.
't he Hamburgh mail has arrived with the letters and parrs
of Friday last; the rate of exchange on London had experi-
enced a further improvement, being quoted for cash, 13s. erid.,
and two months' bills, 13s. 7d. The price of gold was the
same as brought by the previous mail.
The abundance of Money in the Market, which can be
easily obtained upon the deposit of English Stock at Three
per Cent. has caused a decided improvement in our Home Se-
curities generally. Consols have advanced to 89i for Money,
and for the Account 89% ; Three /1 er Cent. Reduced, 888
8;9; New Three. and-a-Half per Cent. 99i ; Reduced Three-
and-a-Half per Cents. 9911 ; Exchequer Ellis, 24 26 prem.
In the Foreign Market there has been but little doing, and
the only alteration to notice is in Mexican, which have im-
proved to 36* ; Spanish Active Stock remains steady at 241/2 ;
to Portuguese Stock there has not been a bargain done, the no-
minal quotation of the Five per Cents, is 331; and the
Three per Cents, 19i to 20 ; Colombian Stock have been done at
234 ; Dutch Two-and-a-Half per Cents., 52i ; Five per Cents.
have been done this morning at 103, an improvement of 1/2
per cent. upon our previous quotations.
In the Share Market Great Western continues to improve,
and they are now firm at 88i, the New Shares 621, ditto Fifths
10 ex dividend; in the other Shares we notice no variation
From the Calcutta Price Current of the Bth of January, it
appears that the Money Market had been more quiet durin,,
the past week, although a good deal was required for opium. The
drug sold well, and the profit to Government must have been
considerable in this aid, together with the continued direction
of capital to the Five per Cent. Loan (we hear the King of
Oude has made another subscription of twelve or fifteen lakh),
puts an end to all expectation of any better investment.
Government Securities are without alteration. Thelßank
of Bengal had declared a dividend of 10 per cent. per an-
num ; and the Union Bank is expected to be about the same.
Indigo—The transactions have been, during the week,
principally .on French account, at prices exhibiting a de-
cline of 35 to 40 _rupees per Bazar Maurd, from those
realised last year for the same marks. Three pub-
lic sales have been held since the last issue of our
Number. The quantity put up consisted of 1,526 chests,
ordinary to fine consuming qualities, of which 740 chests only
found buyers. The prices realised were at 30 to 40rupees below
the run of last year's prices for similar qualities.

CLOSING PRICES.
BRITISH FUNDS.

Bank Stock l7l
3 per Cent Red. 9O
3 per Cent Cons B9
Nper Cent Red 99a
ew 3* per Cent
New 5 per Cent.
Long Annuities Zoexpire
Jan. 1860 ..... 12 13-16
Oct 1869. 12a
Jan. 1860. . ...
FOREIGN
Austrian, 6pi cent....
Belgian, 5 pm cent
Brazilian 80nd5....
Buenos Ayres, 6 per cent 21
Chilian, 6 per cent

' India Stock . ..... 245
Ditto Bonds
;Ditto Old Annuities
Ditto New Annuities —
,Et. Bills, 1,0001—.21d 26 pm
Ditto 5001 26 pm
Ditto Small 26 pm
Bank Stock for 0pg,...
India Stock for Acct....
Consols for Acct B9,E
FUNDS.
,Portuguese, 5 per cent.
'Ditto, New Ditto 33h
IPrussian, 5 per cent.
(Russian, 5 per cent ll3
!Ditto, Metallic,

_ .
Colombian, 6 per cent S ~ Spanish, 5 per cent. 24,
Ditto, 1824.......... 23i Ditto Deferred.... ... 121
Danish, 3 per cent
18:15,5 per cent — Exchane
French, 5 per cent —i. —c,
tr per cent.... 36i French,g f 3 per cent —.'. —c
....e,
DMGireteiteoikc,a,6np, er cent. 1837 Dutch, 2* per cent. .. . 52i
Peruvian,lB2s, Piper et. Ditto, 5 per cent. ... . 103
SHARES.
Cheltenham and Great Western (72k paid) 14*
Edinburgh and Glasgow (50 paid) ...... ... 45
Great Western Railway ( 65 paid) 9O
Ditto New Shares (50 paid) ... 621
Ditto Fifth (4 paid)
IFLondon Grand Junction Railway lB4
London and Brighton (50 paid) ';6
London and Blackwall Railway (25 paid)... 12
Ditto New Shares ( paid) SI 19s 2d
London and Birmingham (90) ......
....„ 173
Ditto New Shares ( 2 paid)... ........ ... 29*
North Midland Railway (100)
Paris and Rouen (14 paid) - •.. 14i
COURSE OF EXCHANGE—(YESTERDAY.)
Amsterdam CF.I2 8 "Gibraltar 47
Ditto, at sight
Rotterdam ...2 U. 12 8* Genoa
Hamburgh M.R. 13 14 Venice
Altona
..... 40 Paris, 3 days sight
Ditto, 3 months '2s 95 Lisbon
Marseilles
52* Bourdeaux .. 25 95 Rio Janeiro
Frankfort on Maine... 151 f Bahia 2
276
Petersburgh, 3Us ... 37 Buenos Ayres
Berlin... 7 New York, 21 days sight 46*
Vienna, effec. fl. 3M. 955 Philadelphia 46
Trieste, ditto
Madrid
Cadiz . 36i Portugal Gold C0in...3 17 5
Bilbao
Barcelona - New Dollars 0 4 9,
Seville ... 35* Silver in Bars 0 4 11.
HAAIBURGH BORSENHALLE, Fga. 25.
ills . Money.
Austrian S per Cents.
10934
sank Shares l6BO
Anglo-Russian Loan Jou% 199 X
Russian 5 per Cent., Ist series, Certificate lo3h 1C34
Inscription, Ist series
Russian 5 per Cent. Hope and Co., 341 and 4th
Series S9
Ditto in Certificates £9
New 4 per Cent. (184$) S.)% 85%
Dutch Actual Debt,
_
.46 per Cent
Ditto 5 per Cent.
Polish Bonds
New Tickets. 164
78X 7R
.
Anglo-Danish Loan 3 per Cent.
17% Spanish, New 5 p..r 'Cents. ............•
DON
T o months, 13 7
HAMBURG, FRB. v.-13 BN.--- w h. 3d 5-16 pence.
ParaassuitonFan. 15 —i'hi" months,
40 513.
CHRISTIANIA, FEB.F 16.—Three months.
.
BERLIN, FEB. 22. Three months, 6. '2l.
~...
....
STOCKHOLM, FRB. 10.—SevelltyAVe g.an: IU lb
VIIINNS, Fri. I i.—Three months. 'iv ~ ..
EXCHANGES ON LON .
Bills. Money,
..... 105 106 St. Schuld. Sch.. 4}, per cent. ...“.tr.....,03 ~„0,
Prussian English Loan, 1830,4 Per.c.""" 6W4
Exchange on London, three months
—Prussia's State tnnette. Feb. 23
PRUSSIAN FUNDS.— Beaux.' r ER. -.2.

EXPLOSION IN LAMBETH WALK,
LATEST PARTICULARS.
Numerous reports were in circulation during yester-
day, relative to the origin of the late calamitous fire
on the premises of Mr. D'Ernst, in Doughty-street,
but pending the investigation about to be instituted
before the Coroner, it might, perhaps, be improper to
embody them in the. form of a newspaper paragraph.
One however has been stated uporf credible authority, and
that was, that the boy Tebbet said, when passing
through the Lion brewery, that he was sent to get a
light, as Mr. D'Ernst was about sealing a parcel. Mr.
Hepburn, the beadle of Lambeth parish, has been inde-
fatigable in his endeavours to procure evidence necessary
to enable the Coroner and Jury to pronounce some de,
eision as to the cause of the combustion ; but owing to
the fact of all those who were • upon the
premises
having been killed, his exertions have as yet been almost
in vain. Mr. Carter, the Coroner for Surrey, has ap-
pointed the inquest to he holden on the bodies this day,
at two
o'clock, at the John Bull public-house, Tyler-
now street, Lambeth.
The excitement in the neighbourhood last evening
hs brick s
falleni
n standing,
in
h e ther
l y greater
part
f
seemed as great as at the moment after the explosion,
the place being crowded with persons eager to see the ruins,
of wt
oifcti the scarcely a
the day. .