The Press. — London, England, 1855-10-06 00:00:00

OCTOBER 6, 1855. Ely gi.rmg. WAR-OFFICE, Oct. 2. BREA - ET. Generals Stapleton Viscount Combermere, G.C.8.; John Earl of Strafford, G.C.B. ; and Henry Viscount Har dinge, G.C.B. ; to be Field-Marshals. Lieutenant-General James Simpson to be promoted to be General in the Army, for distinguished service in the field._ _ . _ Colonel Charles Ash Windham to be promoted to be a Mijor.Geoeral in the Army, for distinguished service in the field. . _ Captains the Hon. William James Colville and Henry Augustus Jackson to be Majors in the Army. Brevet Major H. A. Jackson to be Lieutenant• Colonel in the Army. Lieutenant-Colonel William Turner, recruiting for the East India Company's service at Liverpool, to have the rank of Captain in the Army while so employed. Captain Francis Tower, Adjutant of the East India Company's depot at Warley, to have the rank of Captain in the Army while so emoloyed. Surgeon Duncan Stewart, M.D., Surgeon of the East India Company's depot at Warley, to have the rank of Staff-Surgeon, First Class, while so employed ; Surgeon Henry Diaper to hate the local rank of Staff Surgeon, Second Class, while employed with the army in the East. WAR OFFICE, OCT. 5. BREVET. Major-Geneial Sir William Eyre, K.C.8., to have the local rank of Lieutenant-General in Turkey. p Colonel Robert Garrett, to have the local rank of Major- General in Turkey. Colonel Frederick Horn, to have the local rank of Briga dier-General in Turkey. _ . . _ Captain and Lieut •Colonel his Serene Highness Prince William Augustus Edward of Saxe Weimar, to be one of her Majesty's Aides•de•Camp, with the rank of Colonel in the Army. 3rd Regiment of Dragoon Guards—Lieutenant John Miller to be Captain, without purchase. 7th Dragoon Guards—Walter Blanchford Gifford, Gent., to be Cornet, without purchase. _ . . 3rd Light Dragoons—Lieutenant Taylor Lombard Mayne, to be Captain, without purchase. 7th Light Dragocns—Captain George W. Collins Jack son to be Captain, without purchase. 13th Light Dragoons—Thomas Arthur Southwell, Gent., to be Cornet. The Brevet promotion of Captain Arthur Tremayne to bear date 12th of December, 1834, in lieu of the 7th of July, 1855, as previously stated. the name of the Cornet appointed on the 3rd of August 1855, is Stanley de Astel Calvert Clarke, and not S. D'Astel," &c., as previously stated. _ . lath Light Dragoons—Lieutenant Horace Trower to be Captain, without purchase. Royal Regiment of Artillery—Second Captains Rich and Paget Campbell Jones, Henry Townsend Boultbee, Robert John Hay, and George Harriton Aun Forbes, to be adju tants ; Gent. Cadet William Henry Izod to be Lieutenant; Lieutenant Frederick Luard to be Second Captain ; the date of the promotion of Second Captain W. G. Andrews, to be altered from the 18th to the 7th of September ; Brevet-Colonel Charles William Wingfield to be Colonel; Captain John Henry Lefroy (on seconded list) to be Lieu tenant-Colonel; Captain Charles James Buchanan Riddell to be Lieutenant-Colonel ; Brevet-Major John George lioothby to be Captain ; Lieutenant Alexander Henry Murray (on seconded list) to be Second Captain ; Lieute nant John Alexander Philipps Adams to be Second Cap tain; Lieutenant Roderick Mackenzie to be Second Cap tain, The following gentlemen to be appointed Lieutenants, with temporary rank :—Francis Duncan, Alexander Doan, John Rider Oliver, Edward Egan, James Cony Jones Lowry, James Peattie Morgan, George Grote Hannen, Philip M'Lourin Guille, Arthur Ford, Francis Montague Smith, Francis Arthur Mant. Frederick Howlett, Richard Haudcock, Charles Mills Melony, George Arburthnot, Richard Sadleir, William Ruxton Barlow, and Robert Callwell Smith. Royal Engineers—Second Captain Horace William Montagu to be Captain ; Lieutenant Alexander Ross Clarke to be Second Captain. The undermentioned gentlemen to be appointed Lieu. tenants, with temporary rank :—Robert Murdoch Smith. and Charles William Wilson. Coldstream Guards—Ensign and Lieut. Hon. W. Archer Amherst to be Lieutenant and Captain, without purchase; Lieutenant and Captain A. J. Freetnantle to be Adjutant Ist Regiment of Foot—Ensign J. W. B. Thomas to be Lieutenant, without purchase ; Lieutenant John Richard Wheeler to be Ensign, without purchase. Brd Foot—Ensign S. H. Heywood to be Lieutenant, sth Foot—Ensign S. A. Agnew to be Lieutenant, 13th Foot—Ensign Duncan Stewart to be Lieutenant ; Alfred Gabriel Wynen, Gent, to be Ensign. 19th Foot—Captain Henry Augustus Jackson to be Cap tain. 24th Foot--George Scott, Gent., to be Ensign, without purchase. 25th Foot—Ensign Richard Ross to be Ensign, without purchase. 26th Foot—The surname of the Ensign appointed on the 14th of September, 1555, is Franklin, and not " Frank lyn," as previously stated. 30th Foot—Lieutenant G. H. Saunders to be Adjutant. 31st Foot—Lieutenant G. Spaight to be Captain, with out purchase ; Ensign W. Thwaytes to be Lieutenant, without purchase ; William Forbes Anderson, Gent., to be Ensign, without purchase. THE PRESS. 35th Foot—Ensign W. M. Ansell to be Lieutenant without purchase ; Ensign R. H. W. Troup to be Ensign, without purchase. 99th Foot—The first Christian name of Ensign Oldfield, appointed on the 23rd of September; 1855, is Copper, and not Copuer," as previously stated. 42nd loot—Lieutenant F. C. Scott to be Captain, with out purchase ; Ensigns W. P. Hesketh, A. J. Bromley, R. K. liayly, and P. M. Bosworth, to be Lieutenants, without purchase; Victor M'Farlane, Gent., to be Ensign, without purchase. 45th Foot—Lieutenant Nicholas Dunscombe to be Cap tain, without purchase; Ensign W. J. Foster to be Lieu tenant, without purchase ; James Stewart Carlow, Gent., to be Ensign, without purchase. 47th Foot—Lieutenant Roderick Hanley to be Ensign, without purchase. 49th Foot—Lieutenant-Colonel James Wells Armstrong to be Lieutenant-Colonel, without purchase ; Brevet-Major John H. King to be Major, without purchase; Lieutenant John Hopkins to be Captain, without purchase; Ensign Christopher Michell to be Lieutenant, without purchase ; Lieutenant George Donovan to be Ensign, without pur chase ; Assistant-Surgeon John Joseph Adrien to be Assistant• Surgeon. _ _ _ 50th lenotLieutenant J. W. Dimond to be Captain ; Ensign W. L. Lewes to be Lieutenant. Re Faitg. ADMIRALTY, SEPT. 28. First Lieutenant Thomas William John McDougal, Reserved Half pity List of the Royal Marines, and now Staff Officer of Pensioners, to be Captain Unattached, on Reserved Half-pay. Ocr. 4. Admiral of the White the Hon. George Elliot, C.TI., has been appointed to receive a pension of 1501. a year, as rrovided for in her Majesty's Order in Council of 25th June, 1851, vacant by the decease of Admiral John Gif fard ; and the name of Admiral the Hon. George Elliott, C. 11., has been removed to the Reserved Half pa List accordingly; and, in consequence of this removal, the following promotions, dated the 27th ultimo, have taken place : Admiral of the Blue Sir Hugh Pigot, K.C.8., K.C.H., to be Admiral of the White. Vice• Admiral of the Red Sir John Louis, Bart., to be Admiral of the Blue. Vice-Admiral of the White Sir Edward C. Strode, K c.H., to be Vice• Admiral of the Red. Vice Admiral of the Blue Sir Phipps Horuby, to be Vice-Admiral of the White. Rear-Admiral Villiers Francis Hatton, on the Reserved List, to be a Vice-Admiral on the Reserved List. Rear• Admiral of the Red Sir Augustus William James Clifford, Bart., C. 8., to be Vice• Admiral of the Blue. . . . Rear-Admiral of the White Sir James Stirling, lint., to be Rear• Admiral of the Red. Rear-Admiral of the Blue Alexander Thomas Emeric Vidal to be Rear-Admiral of the White. Captains Henry Algernon Eliot, James Wigston, and George Frederic Ryves, C. 8., to be Rear• Admirals of the Reserved List. Captain Sir Thomas Hastings, Knt., C. 8., to be Rear- Admiral of the Blue. The following Captains on the Retired List havo also been promoted to be Retired Rear-Admirals, on the terms proposed in the London Gazette of the Ist of Sept., 1846, without increase of pay : Captains Philip Parker King, Courtenay Edmund William Boyle, Rowland Mainwaring, John Wyatt Wat ling, Richard Pridham, John Lyons, Philip Westphal, Ed ward Sparshott, K.H., William Blight, George Woolcombe. Itontg rarktt nub tit 3itteilignut. FRIDAY EVENINO3. Tins has again been an uneasy week, and Consols are nearly one per cent. lower than when we last wrote. The step taken by the Bank this week, of raising its rate of discount to five and a half per cent., has ex• cited much comment, and mostly of an adverse character, as it is not generally thought that any good reasons for such advance exist. The anomalous position held by the Bank at such times of crisis as the present is unfortunate for while, on the one hand, it must be regarded as a public or Government institution, bound to look mainly to the interest and convenience of the public, and to take no step which is not clearly for the pub lic advantage, it must on the other hand be viewed as a private banking establishment ; and there is a jealous apprehension that it may pursue such policy as it deems most conducive to the interest of its proprietors. The Directors, it is thought, may have had their eye rather on their own dividend than on the public benefit. They cannot, as dealers in money, be insensible to the fact that it is to their advantage for a high rate of discount to prevail ; and the circumstance is remem bered that during the extreme pressure of 1847, when each turn of the screw swelled the lists of bank rupts, and brought old-established firms to the ground, the profits of the Bank were enormously large, and the proprietor, of its Stock, therefore, throve on the general ruin, and flourished from that extremity of pressure which reduced the mercantile community in general. We observe that the Times, in its; money article of Thurs• 961 day, assumes that the Bank has in this last ad vance " been guided solely by the nature of their latest bullion returns." The fact is so to some extent, as the return in to-night's Gazette shows a decrease in the stock of bullion to the extent of upwards of 300,0001. There is, however, one item in the Bank re turns to which sufficient attention doe s no t seem t o have been paid, and which may h ave i nf l uenced the directors 1111101 more than the stock of bullion in their vaults. Their advances (" other securities ") have lately been largely increasing, and this will appear evident if we take the amounts for the last six weeks, as they appear in the returns : Week ending Aug. 25—Other Securities.. X 14,995,232 " Sept. 1 15,961,985 " Sept. 8 113,837,227 " Sept. 15 17,388,784 " Sept. 22 14 18,509,278 " Sept. 29 19,915,763 No commercialist can look at these figures without acknowledging that there must have been for the period they embrace a great and continually increasing demand on the Bank for accommodation, and that as sound traders they were bound to raise the value of their commodity as the demand for it became greater. The question, indeed, is, whether they applied the remedy at a sufficiently early period. The fact brought out by the above figures that the demand for accomodation increased as the rate of interest went up, is not of a reassuring character, nor do we know any circumstances to account fo r it. The general impression is, that trade is in a healthy condition, and that there is an absence of mere spe culative dealing; but the facts are plain, and it is to be feared that the consequences will be disastrous should the pressure on the Bank continue. The commercial securities held by the Bank are fully five or six millions above the average, and evidently it will be compelled to adopt measures not only to prevent any augmentation of that amount, but to materially reduce it. The failure of the old and respectable house of De Lisle, Janvrin, and De Lisle, with liabilities to the extent of 400,0001., was announced on Wednesday. The stoppage is represented rather as a prudential measure than as the result of absolute necessity, the firm having a considerable balance at their bankers, with other assets immediately available, to the amount of 100,0001. The proceedings of the Bank of France lately, in having purchased bullion at a rate exceeding the market price, has given rise to much comment and speculation. The conduct of this great corporation has been usually marked by so much prudence and good management, and such strict attention to sound principles of banking, that it is extremely difficult to account for its conduct on this occasion. We must infer that it has acted from a sense of overruling ne cessity, and that the Government, for political rea sons, has interfered with its proceedings in a manner which would certainly not be deemed prudent in this country. We observe with satisfaction that the Bank of France have notified an increase in their rate of dis count from four per cent. to five, and have at the same time resolved to limit their accommodation to bills having only seventy-five days to run, instead of three months as heretofore. An attempt has been made by the monetary editor of the Times to show that the drain of bullion from this country, and the consequent pressure on our market, have not resulted from the export of bul lion required for war purposes. Theories, opposed to facts, are not likely to have much weight. It is certain that the war expenditure must lead to very large exportations of coin ; and as we do not find any corresponding development in our trade with those countries to which the bullion is sent, we must sup pose that there is no natural action by which it can be returned to us, and that it gets widely diffused in the countries of the East. A Head• Quarters Bank, under able and trustworthy management, would be a most useful institution, both to our troops and our mercantile classes. All descriptions of securities were steady on Mon day and Tuesday, though the market was heavy, but on Wednesday the decline recommenced, and Con sols for money sank to 871 to 1. For the November account the price was 881. Turkish Six per Cents. sank to 841, and the New Four per Cent. Stock sank to 2 discount. The fall continued on Thursday, Consols for money at one time dropping to 871, but recovering before the close to 871 to . Turkish Stock was again greatly depressed, the Six per Cents. being done at 821, the Four per Cents. at 21 discount. The market was steadier to-day. Consols for money were done at 871, 871, and 871 to f. Turkish Six per Cents recovered to 831 to 841. The Four per Cents were 21 to 21 discount. Exchequer Bills were 2 to 5 premium; India Stock 226; and Bank Stock 216 to 218. The Share Market has sustained little ♦ariation this week, nor have the dealings in Foreign Stocks and Mines been of a nature to call fo particular remark.