The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-01
e N G L A N D.
The Bank Rate Of Discount Reduced and
American Securities Advanced.
Royal Marriage Dowry Grant
Opposed in Parliament.
Money Rates ON 'Change Bullion in Flow
to the Bank.
IELEGRAMs TO THE NEW YORK HERALD.

LONDON, July 81, 1873
The rate OF discount OF the Bank OF England has
been reduced per cent, and is now Q2:3O p. NJ
81 per cent.
The downward movement OF the Bank Of England
rate causes an advance In the prices OF American
securities.
MONEY ON 'CHANGE.
The rate for money at the Stock Exchange on
government securities, Is lower than the Bank Of
England rate by one per cent.
DISCOUNT.
The rate OF discount for three months bills in the
open market Is 6-16 per cent below the Bank Of
England rate.
BULLION TO THE BANK
The bullion In the Bank OF England has increased
8s6,oO during the past week
The amount of bullion gone into the Bank Of
England on balance to-day is 22o3ooo.
The Royal Marriage Dowry Debate
Allowances eWrung from q Reluctant
and Indignant People,"
LONDON, July 81, 1873.
During the session OF the House OF Commons this
evening the bill granting an annuity Of s25,OO0 to
the Duke of Edinburgh upon his approaching mar.
rage with the Princess Marie AlexandrOvna, came
up Oh Its second reading
Mr.. p. A. Taylor, member for Leicester, moved
that the second reading Of the bill be postponed for
length in support of his motion. In the course of
his speech he protested against the frequent appl
cations by the Crown for grants OF annuites to the
royal children. He stated that such applications
place the Queen in an unfaverabe and unsatisiac-
tory light before the public He thought that If the
civil list was sufficient for the proper maintenance
OF the royal household, the Crown ought
to surrender to the public treasury the
immense private property now neld by 1t. He held
that If her private property be retained by the
Queen there can be necessity for the appropria-
ton provided for IN this bill. He stated that the
whole management OF the civil list naturally gives
rise to numerous grave suspicious on the part of
the public, by reason of the secrecy with which it
is invested. He also said that the people Of Great
Britain were not interested in the proposed mar
riage Of the Duke Of Edinburgh; and besides that,
the latter receives an ample allowance now,
"wrung as it is from q reluctant and indignant
people,"
Mr.. George Anderson, member for Glasgow, sec
onded the motion to postpone. He declared that
the proposal contained in the bill was disgraceful.
Right Hon. Edward P. Bouverie, member for Kill
marnock, and MIR. John Sidney North, member for
Oxfordshire, spoke in opposition to the postpone
ment OF the second reading Of the bill.
MI Gladstone regretted the tone OF the discussion
which had taken place. He denied that the govern
Meut udu any secrecy COuCNlng the
management of the Grown property. The civil
list, he said was never intended TO provide
for the portionlDg OF the royal children.
Parliament must either adopt the course at
present proposed and as pursued with regard
to those OF the royal children already mar
ried or provide for increased civil list He up
held the proposition contained in the bil gave
to Parliament the control OF the conduct OF the
Crown and OF the royal family.
The motion to postpone was lost, and the bill
was passed on its second reading by vote of 162
yeas to ls nays.
PREPARATION FOR THE PROPAGATION.
Shortly after the opening of the session Mr..
Gladstone stated that the business OF the House
was so far advanced as to warrant the hope that
It's session would be prorogued on Tuesday next.
RADICAL OPPOSITION TO ROYAL MARRIAGE
DOwRY.
Mr.. Bradlaugh has issued a call for meeting in
hyde Park on Sunday next, to protest against all
increase in the allowance Of the Duke Of Edin-
burgh on the occasion OF his marriage.
Demonstrations in opposition to the proposed
increase in the Dukes allowance were made
yesterday at Nottingham, Birmingham and other
places in England