The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1851-02-25 00:00:00

HOUSE OF COMMONS.-MONDAY

The Speaker took the chair at four o'clock. In antici-
pation of Lord J. Russell's explanation, the house was
quite crowded. On the motion of Mr. HAYTER, a new
writ was ordered for Harwich, in the room of Sir John
Hobhouse, called to the House of Peers. At a few
minutes to five, Lord J. Russell entered the house, and
was received with cheering. The order of the day for
going into cornmittee of ways and means having been
read, Lord J. RUSSELL, amidst profound silence, rose.
The noble lord said he had now to acquit himself of the
promise he had made to the house on Friday. The house
would remember that her Majesty's ministry had only a
majority of 14 upon Mr. Disraeli's hostile motion—a
motion obviously intended to take the conduct of govern-
ment measures out of the present hands. At the open-
ing of the session, such a majority was calculated to
weaken the ministry ; but if the majority then supporting
the government had been united in a determination to
maintain the economical policy of the administration, its
union might have made up for its smallness ;. but on the
20th February the government had been beaten- by two
to one upon the motion of Mr. Locke King. Under
ordinary circumstances he might have attributed this to
accident, and he accused no member of voting upon that
occasion except with reference to the question before the
house—(hear)—but the whole of the financial and other
measures of the government were before the house, and he
had come to the conclusion that her Majesty's ministers
were not in a condition satisfactorily to conduct the busi.
ness of the country. With the Government in. such a
position it was undesirable that the House should enter
into financial questions.; it was disadvantageous to be
continually liable to defeat. He had therefore assembled
the members of the Cabinet, and stated to them his opi-
nion that they ought to resign. All had concurred, ex-
cept the Marquis of Lansdowne, whose absence had ren-
dered it necessary for him (Lord J. Russell) to ask the
House for the delay from Friday until that night. He
met his noble friend at the Palace on Saturday evening,
when Lord Lansdowne concurred in the view he had
adopted. Her Majesty sent for Lord Stanley, and he
stated to the Queen that he was unable to form an admi-
nistration. Her Majesty then desired him (Lord J. Rus-
sell) to re-construct an administration which should pos-
sess the confidence of the House, and that task he had
felt it his duty to undertake. (Hear, and applause.)
It would not be proper for him to make any further expla-
nation then ; and, therefore, he would move that the
house be adjourned till Friday, by which time he should
either have succeeded in, or abandoned the attempt.—
Mr. DISRAELI said, it was a matter of notoriety that
Lord Stanley had been rent for,: and when his lordship
had her Majesty's permission, 1e would make a constitu-
tional statement of what had passed;. meantime he (Mr.
Disraeli) would only say, that Lord John Russell's asser-
tion, that Lord Stanley had been unable to form an
administration, did not exactly correspond with his (Mr.
Disraeli's) information.—Lord J. RUSSELL, interrupting,
" Unable then to form one." (Hear, hear.)—Mr. DIS-
RAELI said tie correction did not touch the point. The
noble lord (J. Russell) had given an account of what had
passed in relation to Lord Stanley which was scarcely
founded upon what really occurred. (Protectionist cheers.)
Lord J. RUSSELL said Lord Stanley would no doubt make
his own statement elsewhere, in the meantime he believed
that the noble lord's explanation would. be found to justify
the words he (Lord John Russell)-haclused.—(Cheers.)—
Mr. ROEBUCK warned the noble lord that as he had to
reconstruct the ministry, upon him would rest the respon-
sibility of the question whether the battle of free-trade
was to be fought over again.—The House immediately
adjourned at ten minutes past five. The House was
crowded to excess, and the lobbies sere thronged with
persons anxious to learn the issue of the ministerial crisis.
A great number of persons also assembled in the vicinity
of the members houses.

LATEST BETTING.
TATTERSALL'S MONDAY.
LIVERPOOL SPRING CUP.—Paeope, 5 to 1 ; Unity and Little•
George. 6 to 1 : Donbt, 7 to 1.
LIVERPOOL STEEPLE CHASE.—Sir John and Vain Hope, 8
to 1 ; Abdel Kader, Maria Day, and Rat-trap, 10 to 1 ; Rescue,
30 to 1.
CHESTER CDP.—Rbesus' 12 to 1 ; Lady Evelyn and Wall-
flower, 25 to 1'; Knight of Avenal, 30 to I ; Seaman, 40 to 1 ;
Nancy, 50 to 1.
DERBY.—Grecian and Prime Minister. 6 to 1; Mountain
Sylph (colt), 12 to 1; Lamartine, 20 to 1 ; Constellation,2s to 1.

LONDON MONEY AND SHARE MARKETS.-YESTERDAY

CLOSING PRICES,

Consols Account, 964 ; Ditto Money, 964 ; Three-and-
Quarter per Cents., 9811 i; Bank Stock, 215 4; Exchequer Bills
L, 47 50 prem. ; Ditto S, 47 50 prem. Foreign Stocks inactive,
but rather steadier, closing good. Mexicans, 334 2.
Railway Shares—London Stock, 1334 2; Ditto Quarters, ;
Midland Stock, 614 2 ; Ditto Halves, 152 # dis, : North Staf-
fordshire, 7 62; South Eastern, 26 ; Caledonians, 11 Ii; Ditto
Pref., 54 2; Eastern Counties, 6i 74; East Lancashire. 14 4 ;
Great Northern, 17 I 184 ; Great Western, 91 2; Lancashire
and Yorkshire, 58 4; Ditto Fifths, 74 7 din.; York, Newcastle,
and Berwick, 204 1 ; Ditto Extension, 44 4 dis. ; Ditto Pref.,
a 4; York and North Midland, 24 4; Manchester, Sheffield,
and Lincolnshire, 33 4.
The English market continues unaffected by the ministerial.
crisis, and it is said a dissolution is the only measure calcu-
lated to influence Consols. This is not considered at all pro-
bable in the face of the May-gathering, and Consols close good
at the best quotations for the last three days.
once. steady,
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LEEDS CLOSING PRICES.—YESTERDAY.
The following were the quotations at the close of business :
North Western, 12, 11.8.9. 11i ; Lancashire and Yorkshire,
58{ ; East Lancashire, 14.3.9. 144.

LONDON CORN MARKET.—YESTERDAY.
Little English wheat fresh up this morning; and though the
samples are not improved, the currency of this day week is
supported, the market closing dull. Sales in foreign are
limited, but at former rates. Barley in short supply, and
superior dry parcels fully as dear, but inferior qualities moved
off slowly at a decline of ls. per quarter. Town-made flour
unaltered, but ship arks the turn lower. Fresh arrivals of
oats scanty, but dealers cautious, and terms unaltered. Beans
and peas flat anthhe turn lower. Clover seed dull, but not
cheaper.
English White Wheat
Do. Red do

435. to 48s
375. „ 43s

LONDON PRODUCE MARKET.—YESTERDAY.
Sugar: Refined firm and in good demand; brown lumps
48s. 6d." to 495. ; crushed dull; British 28s. 6d. to 29s.—Coffee:
Foreign dull and former terms not obtained ; Colonial in good
request; Native Ceylon 468.—Tea : Several buyers of common
Congou at 1l tl. but few sellers ; other sorts dealt in cautiously.
Hemp: sales in Russian small; clean at £3o.—Jute: Little
doing; low to fine £ll to £l6.—Cotton: Holders firm and
demand improving.—Wool : Public sale of Colonial brisk, and
previous rates well maintained.—Hops met with a brisk de-
mand, and prices have an upward tendency.