The Press. — London, England, 1856-11-29 00:00:00

NOVEMBER 29, 1856. Only a day before I received your despatch Lord Stanley addressed to me a letter, which does him so much credit — for that modesty which so often accompanies signal merit— that it seems due to his lordship and friends to inclose it to you. It will serve to console those who were his warmest partisans for the preference which I owe to yourself and my other friends, and may perhaps allay every disturbing element of irritation which a contested election sometimes rouses, even in minds the most philosophically composed. —Believe me, yours truly and gratefully, E. iIULWER LYTTON. The following is the letter referred t 3 by S►r E B. Lytton:— Knowsley, Nov. 13.. Dear Sir Edward,-4 hear, on newspaper authority only, but with some certainty, that it has been proposed to put me forward as a candidate fur the Lord Rectorship of the University of Glasgow, you being also in the field. If I had any means of communication with the gentle. men who are thus using my name, I should, with all courtesy and gratitude to them, protest against the implied aivalry. Such honours are the fit rewards of intellectual pre eminence, and ought to be bestowed on no other grounds. More than this—they should be reserved for those who have achieved distinction, not conferred by way of en couragement on those who are only seeking it. I wish you, therefore, clearly to understand that I neither have encouraged, nor shall encourage, the proposal of my name as a candidate. Nothing, except the authorised channel of communication, prevents me from making known this opinion to my too partial friends, be they few or many, in Glasgow.—Believe me, very truly yours, Sir. E. B. Lytton, M.P. STANLEY. There is reason to believe that Sir Edward Lytton pill visit Glasgow for the purpose of being installed at an early date, at all events before the meeting of Parliament. THE LATE MR. BOGUE. The following particulars concerning the late Mr. Bogue has been communicated to us by a correspondent : Mr. Bogue, though engaged in trade, was a man of a good old landed family. His ancestors for seve ral:centuries held estates in the county of Berwick, carried coat armour, and were, we may add, such zealous Covenanters, that when under the necessity of going to church in the time of Charles IL, they were in the habit of stuffing their ears so that they might not hear the service. Mr. Bogue's grandfather, who was " designed" of Hallydown, a considerable estate in Berwickshire, married the great granddaughter of Colonel Crooks (one of the officers who fought with Cromwell at Dunbar, and afterwards settled north of the Tweed), and had several children. Of these the eldest be came " Laird," and managed CO get rid of the pro perty, as was the fashion cl the day. A second was Dr. Bogue, the well-known Independent minister, long settled at Gosport; and another was the father of the publisher. The last of these proving utterly unsuccessful in life, and having got through his own and his wife's money, died in 1818, leaving his widow with very small means, and a large family. Mr. Bogue was then in his tenth year, and having been taken under the wing of an uncle, was brought up with a pet feet knowledge that he must fight his own way. At an early age he was apprenticed to 31r. Ireland, a publisher in Edinburgh, and continued in his establishment for a number of years. At length, in 1833, circumstances led him to think of trying his fortune in the south, and, with a little money and a few letters of introduction in his pocket, be took a passage for London. Among the letters was one to Charles Tilt. Mr. Bogue sometimes mentioned that when lie first went to cell on Mr. Tilt it was a busy day, and ho found everybody about. the place too much occupied to give him any attention. In these cir• cumstances he had the sagacity to refrain from pre senting his letter, and to beat a retreat. Had he importuned Mr. Tilt at such a time the name of David Bogue would never have appeared at St. Bride's-passage. When Bogue called again and presented the letter Mr. Tilt said he wanted no assistants then, but asked !um to leave his address. After waiting long, spend ing nearly all his money, and thinking of returning to Scotland, Mr. Bogue was one morning sent for and engaged at a small salary to do what be could. He was wonderfully industrious, however, and made himself so useful to Mr. Tilt that in 1840 he had the satisfaction of being taken into partnership. Two years later Mr. Tilt retired from the business, and Mr. Bogue, taking the whole concern on his shoulders, commenced his career as a publisher in earnest. Before that time Bogue had become the author of several works, chiefly books for children, among which may be mentioned " Bingley's Stories," which were praised by the Quarterly some years since in an article on "Books for Children." He also contn touted an interesting sketch of his uncle's life to THE PRESS. ►► Chambers's Biography of Eminent Scotchmen," and edited, we believe, an edition of Burns. Mr. Bogue had long been ambitious of establish ing a popular newspaper, and when the alteration in the stamp duty became imminent he immediately set himself to the task of bringing out the Illustrated Times. For several months he devoted much timelaud attention to that publication, and to the last he was the principal proprietor. He was forty-eight when he died, having been born in 1808. His loss will be greatly felt by a large number of the literary profession, to whom his kindness and liberality have probably never been surpassed in the annals of publishing. gabal anb•litarg anttiligcart. HIS ROYAL HIGHNESS THE GENERAL COMMANDING IN-CHIEF bolds a levee at the Horse Guards this day. A COURT OF INQUIRY, composed of the following officers—Lieutenant•General Sir Colin Campbell, President; Major-General Lord William Paulet, C. 8., Major-General Lawrenson, C. 8., Major- General Cameron, C. 8., Colonel Norcott, C B.,—will assemble in London immediately, to investigate the serious charges and accusations made during the recent war by General Shirley against General Beatson, which charges led to the removal of the latter officer from bis command. MAJOR-GENERAL SIR H. W. BARNARD, K.C.8., has been appointed a Major-General on the staff of the army of Bengal, vice Major-General Windham, who has resigned that appointment. REAR ADMIRAL SIR HOUSTON STEWART., K.C.8., hoisted his flag on Wednesday on board HM.S. the Excellent, in Portsmouth harbour, on his appoint ment to the command of the West In 'Ran and North American station, vice Rear-Admiral Arthur Fan shawe, C. 8., whose period of service has expired. H.M.S. Indus, 78, at Devonport, will be the future flag-ship, with Captain John C. D. Hay, flag captain. A MEMORANDUM has just been issued by Lieu. tenant-General Sir Cohn Campbell, Inspector- General of Infantry, calculated to give effect to the Horse Guards regulations regarding depot batta lions. Among (Aber things it is laid down that the commanders of battalions shall examine the officers of the depots once a week, and that on another day in each week the senior captain of each depot shall examine his young, ur uninstructed officers, in all details of their duty, not merely as to drill, but in everything connected with the men's pay, powers of courts-martial, and, generally, in the interior economy of a company, and the provisions of the " good-conduct warrant." THE COLONELCY of the 74th Highlanders is ren dered vacant by the death of Lieutenant-General Alexander Thompson, C.B. Miss FLORENCE NIGHTINGALE, accompanied by Lord Panmure, paid an unexpected visit to Woolwich on Friday week. The visit was strictly incognito, and but few were aware that the lady who accompa nied the Secrelarpat-War was Florence Nightingale. M. JULLIEN, whose concerts nightly attract so many to Her Majesty's Theatre, announces the ap• pearance of a Mlle. Elise Ponta, a new singer of great Italian reputation. Miss Arabella Goddard is now under engagement at the concerts. MR. ALBERT SMITH has once more thrown open his rooms at the Egyptian hall. But this year Mont Blanc is literdly as well as artistically put into the back ground. Mr. Albert Smith has fairly thrown the great mountain over—every one goes up Mont Blanc now—and has taken his stand upon other and newer ground. He no longer describes the ascent or return from the mountain, and a mere view of it between the acts is all that is given of the famous Ascent of Mont Blanc. But the visitor has no reason to complain. The first part of the entertain ment contains little that is new. We have the old song, "Up the Rhine," and the four Miss Simmonses. with Baby, play a conspicuous part as usual. In the second part we have "every novelty," from Baden Baden to the last gentleman garotted in town. New acquaintances are introduced to us. There are the Huckleber•rys, Mr. Baulker, Mr. Spong, and Mr. Sims, who come out forcibly during dinner. Then there is Brown, jun., immortalised in a new song called " The Young English Traveller." Mrs. Sey mour, too, is found in the "Interior of the Ruins ;" she has not yet found her lost luggage. Then there is "The Conversation•haus at Night," a capital scene; and a visit to " Baden Fair," where " A Ger. man Showman " relates the history of Punch, and illustrates it from pictures. Mr. Smith is, as usual, received very warmly by a crowded audience every night. We have only to add that the stupid Engineer is as stupid as ever, and tells a story in which he becomes more inextricably confused than we could have hoped. ST. JAMES'S THEATRE.—A benefit in aid of the funds of the Great Northern Hospital, York road, King's-cross, is announced to take place at this theatre on Tuesday next, when will be performed 114 Massinger's play of A New Way to Pay Old Debts, with other entertainments, supported by the members of the Oxford Dramatic Club. We are informed that this institution, which was established June 30,1856, by S. F. Statham, E:q., F.R.C.S., formerly of the University College Hospital, has been the means of relieving no less than 0,000 patients during the past five months. lone 'Oulu! attb or,itg '4lllelligeart. FRIDAY EVENING. THE return of the Bank of England for the week ending the 22nd inst. shows the following ciaiuges compared with that for the week preceding : Decrease in Circulation .. Increase in Public Deposits Decrease in Other Deposits Decrease in Government Securities 3.002 Decrease in other Securities Increase in Bullion Increase in Reserve _ Bullion in Both Departments Circulation, including Bank Post Bills This comparison shows that the Bank is gradually in creasing its strength. The most favorable features of it are the additions to the Bullion and the Reserve, and the diminution of the Private Securities. The Bullion is still under 10,000,004)1., but the next return will bring it above that amount, while the reserve of notes is nearly four millions and a quarter, being the highest amount at which it has stood since the Ist of October, when the rate of dis count was unexpectedly increased from four and a half to five per cent. The Private Securities are 18,232,0001.; but we anticipate an increase rather than a diminution in this item in the next return. The Government Deposits are creeping up. They will help in gradually improving the position of the Bank up to the time for the payment of the Government dividends, as about this period they gene rally increase in a greater ratio than the advances. On the whole there does not appear, from the present in conjunc tion with the last return, to be any reason for doubting that the worst has been passed, and that money must be come cheaper in the course of a very short time, unless some overpowering necessity arises to make it expedient to maintain existing rates. For a great part of the week the comparative ease pro duced in the Money Market by the heavy arrivals of gold from Australia, stated in our last, led to a partial expecta tion that the Bank would reduce the present high rate of discount. And for some days the Directors were appealed to with uncommon urgency by the leading authority to take this step, even though they might not feel quite con fident of its policy, in order, not to relieve commerce alone, but to show that the Bank Charter Act could give relief to the market as instantaneously as it could screw it up. The Directors met as usual yesterday ; and, we presume, on consideration of the whole circumstances affecting the market, they declined to make any change in the rate. They took the practical view of the question, and left popular opinion to its course as to the virtues of the Bank Charter Act. They are, consequently, exposed to the taunt that as they apparently advanced the rate on short bills from six to seven per cent, when they had a favorable account before them, so, with like perversity, they have refused to reduce when they might with advan tage to the public and with popularity to the law. We must leave others to fight out this battle. e shall be content with simply announcing that rates are unchanged, that the Money Market is certainly easier, and that, it' things main tain their present aspect, we may, as stated above, expect a reduction either next Thursday or almost immediately after wards. But, although the Directors have not reduced the rate of discount, they have made one change of a very acceptable character. They have intimated their intention of resuming the practice of making advances upon stock during the shutting of the books for transfer next month, at the rate of seven per cent. As this practice was sus pended about two months ago, when the bullion was sub jected to a rapid drain for France, its renewal is taken as an indication that the dein) from that quarter has not only ceased, but that there is little or no expectation of its revival. It will be remembered that the agents of the Bank of France here were in the habit of borrowing money upon the sect.rity of stock from one department, and of buying gold from another with the money so borrowed. The Bank was thus male the cause and the instrument of its own weakness; but the resolution to cease advancing upon stock greatly interfered with the practice, and it finally answered the purpose, though at the expense of great inconvenience to parties who, having nothing to do with bullion operations, were accustomed to rely upon the Bank for temporary aid in emergencies. So far, then, things are upon the way to their natural order. But it will be some time before we can rationally expect to have money at five per cent. We may see it at six per cent, probably next week; but there must be a tried and tin doubted improvement, especially upon the Continent, before the lower rate can be conceded. We said last week that the Money Market is not yet righted. That observation will partially apply to buss current week. Undoubtedly more ease has been extr, rienced, but it has been owing to the natural desire of ilia great discounting houses to employ their reserves. As they are giving six per - abundance of it; and af pose upon trade a posit discount as possible, paper has found eager quility have been dOnl per cent. under the cases the private 1 10115 C, w cuipivy UMIF reserves. AS per cent. for money, they have had id as the eu'-rent rates of discount itn- ositive necessity to have as little under le, it is nut surprising that the best ger takers. Indeed, bills of the first roe in Lombard-street at fully a half Bank minimum, and in some other Ablishments have been doing business