The Sun. — London, England, 1841-10-29 00:00:00

MORNING SUN SPIRIT of the PUBLIC JOURNALS. FRONI THE DAILY PAPERS OF YESTERDAY HERALD.—One of those cases of fraud which involves so enormous an amount of capital as to force the attention of Governments to the instant discharge of long neglected duties of supervision and reform in the economy of their fiaanciel service, has just now been detected, under circumstances peculiarly impreg sive. By a chain of discoveries (of which we beg to I refer the public, for a carefully prepared account, to the 1 communication of our City correspondent in this day's I Herald, and to an article, dated from the same quarter, in our publacation of yesterday), the actual issue of an immense aggregate of Exchequer Bills, not genuine in their character, has ben traced to a Mr. E. B. Smith, • the Chief Clerk for issues in the office of the Comp troller-General of the Exchequer. Whether the aggre gate amount be to 100,000/., to 200,000/.. or even to 300.000/. this gentleman declares that, he is unable to state ! How long the wholesale career of misappropriation, fraud and deception in which he has been engaeed, may have continued. neither his employers nor his friends appear to be. as yet, prepared to state for him. Nor is the distressing uncertainty which exist, as to these points, the on') aggravation of the frightful mischiefs which must en.ue frog such iniquitous operations. It seems very doubtful whether innocent holders—private individuals—in no way cognisant of the original fraud which had tainted these securities—may not be left without any virtual relief in the shape of a claim for value. upon the Government by whom the bills purported to be issued. Mr. Smith occupied, it should seem, precisely that position in the Comptroller-General's-office which gave him every possible facility for originating, and keeping up, undetected, the issues of Exchequer Bills over and above those actually ordered, or designed, or under stood, to be issued—by the Government authority. He was the chief clerk " for issuing and making out Exchequer Bills ;" and in that capacity the duty was confided to him of miliing in the numbers and dates of the Bills issued. Tnese latter, as may be readily imagined, were genuine as to paper —of which a peculiar quality is used, exclusively, we belhve for this service—and as to print. Whether they were also genuine as to signature seems to be at present a epeeefon of very great uncertainty, as it is must assu redly of very grave importance. An accredited organ of the late Government, in its fair and succinct account of the facts of this case, hazarded, last evening, an incidental assertion that they are net. From that very at item:est of facts, and on the further c mn sideratiens we shell presently submit. we are much inclined to hold—propounding this view, only, as the best opinion we can form on the evidence at present before the public—that the signatures are genuine. If they be—if in law, they be such as te eit e holder of these bills (in the absence of any case against hiin of frauthaleet possession). a lien on the nation it treaiury ; behold a new legacy of em barrassment, of financial Ifileuity, of further deficit bequeathed to the present Government by their incom petent and improvident predecessors in administration. The counterfoils,—that marginal portion of the book which is left after the bills arc cut away,—(like the docquets of a check-book) have detected the fraud. Of course the entries on the counterfoils do not corre spond with the bills, issued in excess ; aid which ex cess-bills it muct have been a part of the scheme adopted, to t iket up and c ince], if possible, before being brought in. They appear to have been, for the most part, deposited as securities for moneys ad vaneed gaithling jobbers in foreign stock spe• culation3, for the purpose of making good differ ences on time bargains, as well as for conducting ex tensive dealings in riseh funds ; and also with other parties who lead their money at enormous interest. Upon the fact.; before ua, then, we come to these coo elusions :—`Tat there is a salaried officer of her Ma jesty's Fec'ucquer, called a " Comptroller-Genera'," with 2,0001. a-year for the discharge of his duties in thet post. 'feet there is a " Chief Clerk of Issues of Exchequer dills," under him, but over whom the sa'aried officer with 2,000/. a-year exercises no sort of control at al. TWA this Clerk of Is3nes, with (as we here shown above). I. the power of putting nut in due farm, and in a condition, hitherto, to pass, as unques tionable Government securities, ants ammiount of new Exchequer Bills othauvar ;-2. with the poser of evading detection in his malpractices, la the office itself, by time fabricate I are' adopted docquets on the coun terfoils of the bill ; and, out el Me office, by being, sell; the party to whom any doubting holder of these excess-hills (as we cell them for the sake of the dis tinction), would be referred, for "information," and whose testimony would of course re-ify and con firm the character of such bills ;—that this Chief Clerk, with a practical poser of issuing which tie comptroller's power could not touch, was a die contented officer, being paid, in consideration of all this te irful responsibility to time public, six hundreei pounds a yea , .* That a practice has prevailed, in the office of the Comptroller-Gerteral, of that officer's dele• gating to no less than two other immdiriduals the power of subscribing that very remarkuhle signature which he himselC is paid s) liberally for (among other things) affixing ; namely—his omen. .That to alai practice, ab surd in the abiatract, is directly attributable time practi cal mischief of an issue of sphriou=, or at any rate of excessive and fraudulently-circulsted Government se curities to the amount of from one hundred and fifty thourand to three hundred thousand pounds. Of time conduct of the cffendcr Ms. Smith, this is not - the place—perhaps not the season—to express our opinions. If the most forbearing judgment should pre nounce his dupiicity to the Government which trust ed him, and to the public whom he has defrauded, to have been of the blaclie3t. character, the severest tribunal must commend him (if our own information on this point be correct), for the distinct and ingenuous confession which he has made of the principal circumstances con nected with so deep-laid and extensive a scheme of fraud. That confession his duty to time public un questionably demanded. Heartily do we hope that it may prove to have been all that we have heard it really was. It may be the means of exposing to a vigorous Government, and of enabling them to counteract some of those profligate conspiracies to ',lender the re sources of the State and the wealth of private capi talists, which are daily conc,)ct3d within and without the Stock Exchange by hands of unprincipled jobbers, as they are called. who swarm in every commercial capital of E-irope, and rob, like hornete, the hived treasures of that useful industry, in the honest labours of which they have never contributed. The object of those unsuccessful operations which are presumed to Image precipita•ed the catastrophic of this discovery, seems to have been Spanish Securities. 'co these— as to every thing connected with the present social and political sestens of that distracted country, in all its domestic and foreign stations ;—its characterless aristocracy, its ricketty constitution, its vain- glorious legislature, its blood thirsty and treacherous chieftains —time same disastrous principles in all their unity and all their shame applies ;--to wit, inconstancy and failure ; perpetual Its-nation and permanent dishonour. feat U 3 picture to ourselves, for a moment, the over whelcni nes extent anal mitenitude of the " jobbing" which (with all the advantages a T of sluice- g ate to the issue of exchever, to he raises at pleasure _without belie , once detect e d in we kahs not how um iny years , 3sy four ' or five, however' and tors two or three of these unmarked, even by t h e w 11 vigilance of Lord must Argus Monteagle.) to I operated by the capital thus lavishly furnisherte have e:tibtveennt balances a o l of this unprincipled stamp. What must ha , the alternately realised anti paid on day on speculations which, being in the Foreign House, abruptly t s h o f from interrupted, discover surreptitious appropriations one hundred and fifty thousand to three Inuadre ln d n pounds? And how little of these appropriations, in probability, ever reached the coffers of this unhappyor a gen tleman, whom the necessity for raising a loan few hundred p ounds, in order to meet ties necessi . t e i r e Y s . entailed upon hint by his h a il malsgement of an al ready inadequate income, is stetel to have first thrown into the hands of one of those pests of society, who have infested this vest metropolis in shoals ever since the repeal of the If:eery-lass in respect of bill trans actions under certain circumstances ,, ; namely, your bill discounters "on liberal terms, —and to have afterwards made the reluctant but intimidated agent of the wholesale villaoy of associates, possessed of the fatal secret of his past weskcess Pity that some sense of salvia was due to the name he bore, and the renown of his illustrious relative had not inspired him with some portion of that kindred courage and bonds moral energy which woul have snapped asunder the that hal men had bound him down withal, while there • was yet time, by a great effort, to retrieve himself. and before the "iron" hal yet " er.tcred his scum . One word, before we have done, on the permitted subscription of the names of responsible officers of Government, by Secretaries, Deputies, or Clerks, without the addition of any symbol to indicate the substitution, or bespeak the authority of a procuration. The practice is highly reprehensible, and should be in stantly abolished throu g hout ad the public depart moots. It is, in itself, an ingenious device fore ffectu -4_l,lye exting u i s hi ng secur ity to time pubic. In its ex cr " it is an admir dde means of deceiving the very part; who se subscription. is coanterfeite by an other. The deriv e this information from the following pas sage of atiling le article in the Globe, a lready referred , s ;and quite agreeing with our Contemporary no tions of the policy of remunerating responsibility as well as actual I, thotir, have only to regret that he did not enforce the same doctrine on the Whig-Radical Par liament which were so prone and so proud to follow out , the theorie s of Joseph Hume, "on the reduction of office salaries to Infinitesitnal quantities." 4, The salary of Mr: Smith was, we believe, 6001. a year, which he had anticipated would have been ad vanced to 7004., but hi s hop es bein g defeated by the economy that has been carried of late into all the pub lic offices, be bad recourse to forgery as a temporary ex pedient ; and from a stun of 500/. has been led by those of whom it is believed he has been the dupe, to the enormous amount of his forgery which we have above stated. Surely remuneration should be regulated not simply by the few hours of time required—which has too frequently been the Treantry standard of value— but - by the amount of trust reposed, and the extent of integrity required.. Globe indignantly denies that Lord Monteagle was una ble to state whether a signature on one of the bills shown to him was or was not his own: but the effect of this denial is quite abolished by its admission at the same time, that the party authorised to sign " 'Montea gle" for that paragon of comptrollers, could not tall viaether or not it was his. That difficulty is all that was wanting to show the danger and folly of the CM.- I torn. Besides, we can undertake to say, of our own know ledge, that under no former Government has the prac tice of Secretaries and confidential clerks in the depart ments, accurately imitating, in notes written in the third person, and in the signatures to the sul7erscriptions of official letters, " the sign manual', of their principals, as it did under the last Government. It was a fashion, al most universal, among them, in the same way as the attaches to some of the foreign legations at this Court are observed to copy, with amazing accuracy, the character of the hand-writing of their chiefs. It is surely unnecessary for us to add that we offer these objections to the prac tice without meaning the slightest disrespect to any of the individuals whom we allude to. The foreign gentle men who form part of the embassies to the Court cf St. James's have uniformly maintained, for a long time, most honourable distinction by their general deport ment : and we believe that in no country of Europe are the " public offices" filled by functionaries, high and low, combining a greater aggregate of respectabi lit y , intelligence, and integrity, than in this. Yet with these convictions on our mind, we cannot see that the force of our objection to the practice of signatures by unacknow ledged or unapparent delegation is at all removed, or even invalidated. C HRONIC LE.—lt is highly creditalsle to the cha racter of the British Press that there is not one influ ential or respectable journal—at least that we have seen—that shrinks from condemning the conduct of the French Government in the late rebellion in Spain. Writers of all parties admit the impossibility of resist ing the conviction that the governing powers of France were instigators and abettors of the insurrection ; and by writers of all parties is this nefarious conduct unre servedly censured. We believe that in this feeling the British Government participates. Lord Aberdeen can not shut his eyes to the representations he must have received from Madrid and from Paris. Of the guilt of the French Court he must feel as convinced as he is of his own existence, though the courtesy of di plomatic intercourse may forbid the direct avowal of such conviction. The Foreign Minister of England may know that at the solicitation of the French Government the ex-Regent Christina abandoned her intention of permanently residing in Italy, and deigned to become the centre of a rebel intrigue in Paris ; the Foreign . Minister of England must know that the French Go. vernment proffered the assistance of its Minister at Madrid and its Foreign-office in Paris, to establish a secret correspondence between that capital and the Queen of Spain ; he must know that whi'e the out break in Spain was organising in Paris, she, who was the nominal head of it, was the constant guest of the French Court ; that when the outbreak took place, the avowed organs of that Court adopted it, and boldly avowed its object of aggrandisement—personal and political. All this, even though strengthened by the conduct of tee French authorities o❑ the frontier, may not, indeed, be a sufficient ground for Lord Aberdeet.'s demanding explanation from the French Government, but it must convince him of the base treachery of the Power in which, by some parties, he is told to put his con fidence. "No proof," indeed, is offered to sustain this accusation. So says the journal which still continues its noisy billings for the small secrets of Downing stmt. " Proof," indeed, there may not be, conclu sive enough to prevent a sharp attorney from picking a hole in an indictment at the Old Bailey ; but proof " there is, such as must bring conviction to any mind that is free to judge the circumstances by the rules of evidence aoplicable to the ordinary affairs of life. Louis Philippe is neither so inexperienced nor so mil adroit as to leave himself open to detection in case of the failure of any intrigue in which he may engage. The mine may explode, but you cannot say—that is you cannot " prove"—that by his band it was laid and fired, though the nature of his previous connection with the convicted conspirators, and his openly avowed interest in the success of their operations, render his guilt a matter of moral certainty. The conduct of the King of the French in this matter is of more importance to England than may at this moment be imagined. We believe that he sought to repay himself in Spain for supposed diplo matic reverses in the East. And repay himself he will when and wherever he may have the opportunity. At tempts will be made to lull suspicion by hireling writers here and in Paris. Peace—peace—give us peace, they es - y, ,Fier striving in vain for ten years to goad us into war. Yes, by all means, give us peace ; but do not buy it upon ruinous terms. Year after year you kept cla mouring as an opposition for an increase of our navy, and you are not three months a Government when you threaten to reduce it. But France, you say, sets the example. Already has the French Government ordered six ships of the line int 3 harbour preparatory to their being laid up. Will France reduce the number of her seamen ? Or does she not tell you that she will draft the crews of her first-rates into frigates? And wl:ile these vessels, iutint&y more troublesome than line of bottle-ships, are skulking about our colonies, carrying the French fl to into waters in which it is seen for the first time, we are told, indeed, that the French Government takes the initiative of disarmament! Sir Robert Peel, we know, must have money, and re trenchment is one way of getting it. He dare not take a single ship out of commission while the French fleet remains at its present complement. Will he dare to take a single ship nut of commission while the number of French seamen is still unreduced? Nor should the present Government calculate too sanguinely upon the eff,ct of even a bona fide reduction in the French fleet. That it ought to be met by a corresponding reduction in ours no person will deny. But even this evidence of pacific intention, backed by the noisome adulation of time-servers, w.ll not, we tell Lord Aberdeen, create sufficient confidence in the character of Louis Philippe to reconcile Englishmen to his being selected to sit in judgment upon any question of English interests. Courtesies and compliments if you will, or if you want them for your peace-speech of February next ; but if there be any question of vitil interest at issue between Great Britain and any other nation, it is not the decision of an irritated and perfidious Power that should be sought, or accepted as a satisfactory settlement. Our fleet is still unreduced. TIMES.—EarI de Grey seems to have alighted upon Ireland like a bird of calm upon a tempestuous sea. Too long, indeed, has she been distracted and convulsed by el ery evil which the virulence of political faction and religious intolerance on either side could en gender ; but if we do not egregiously misinterpret the altered phenomena now discernible in Irish affairs, his Lordship's benign administration is already the harbin ger and the immediate cause of a better order of things. Our neighbours across the Channel, no matter what be their poletical or religious creed, are now:ff ' etting heart ily sick of the unprofitable agitations which have so long divided and distracted them. Even among the-nume rous tribe of ignorant and self-willed dupes who have heretofore followed O'Connell, the symptoms of a re lexed fealty are, here and there, beginning to appear. The popular enthusiasm which formerly hailed him wherever he went, has of late grown wonderfnlly frigid. A large proportion, too, of the more judicious Clergy of the Romish Church, coinciding with the sensible views of the Rev. Mr. Bermingham, seem honestly de termined, as befits their sacred calling, to withdraw from turbulent meetings. and henceforth to lead " quiet and peaceable liver." Moreover, your callow brood of Liberal barrister's, whose cravings for Whig appoint ments impelled them to court O'Connell's favour, have latterly shown a good deal of docility in selecting a more eligible path to promotion ; while, with reference to the immense majority of cultivated and independent Irishmen, professing various shades of political opinion, we have the happiness to know that there nory prevails among them an almost universal wish to extricate themselves from party broils, and to exert their concurrent efforts in restoring Ireland to a condition of prospeirty and repose. Nor need we wonder th a t suc h a di s position should at length have begu n t o be exemplified. Experience, though some times a slow teacher, is always an able and successful one. Immediately subsequent to the passing of the Emancipation Act, which gave every reasonable pro mise of r es t or i ng tranquillity i n I re l an d , t h e Govern ment of that country passed into the hands of the But owing to the y, Whigs, where, till very itnhfae 7 nk i l e t e de e dl n p tl a y r , ti i s t a h n a sh s ip sin o c r e L r o e r m d aioed. emancipation was fitted anti ' Mel bourne's Ministry, iinnflteunednecdes to w h d ic iff h n C se ath h o a l v i e c been completely frustrated by a system o whereby the exclusive pampering er fonef partiality, l class and the virulent proscriptio n of another viaed their previous animosities, instead oafggra ex- tinguishing or abating them. Accordingly, during the last six years, the social conditi on o f the Irish peo ple, as regards the friendly reciprociti es o f lif e , has been incomparably worse than at any former period of their history. The good agreement which previously sub sisted between landlord and tenant has been sup er seded by jP ilousies, defiences, ejectments, mutilations, and murders. All the harmonious feeling between `the Protestant rector and the Catholic priest, which for merly wrought so beneficially fur the temporal comfort of the population, has been violently broken up. The inerchange of mutual benefits in matters of business has been supplanted by the odious system of exclusive deal. • tog In large towns , a nd even in p eaceful villages, the . amicable intercourse long prevalent among many Protes tants and Roman Catholics has given place to cell es trangements, and more frequently to the repulsive scowl. Now, that such a state of things, so utterly subver sive of all the inter ests and enjoyments of human society, could not possibly continue, without sooner or to every re later bringing a re-action, must be evident of fleeting person. Social happiness, and the means of mankind. at taining it, constitute the universal pursuit • Political theories, as subservient to that end, isaay, for a length of time, be ardently struggled for ; nay, in the hope of eventually realizing it, temporary inconveniences may be cheerfully encountered and serious sacrifices may be made. But, after a long period of disappointed expectation, when it is found that all the disadvantages THE StlN 5 LONDON, FRIDAY, OCTOBER 29, 1841. - of such a course have been prolifically reaped, without any of its anticipated benefits, a calm retrospect of what has been forfeited and what has been gained will neces sarily ensue. This, we take it, is precisely the condi tion of Ireland at the present moment. The p:ople in that country are now discovering that " they have sown the wind, and have reaped the whirlwind." A season for reflection, occasioned by the mild and heal ing character of Earl De Grey's Government, and powerfully impressed upon them by Lord Shrewsbury, a nobleman of their own faith, has providentially oc curred. A prospect of peace and prosperity, never be• fore presented to them, is now dawning upon their wearied eyes. An anxious desire to maintain order and to reward merit, irrespective of religious predilections ; a steady determination to give practical efficiency to the spirit of the Emancipation Act, by knowing no man's faith, if he be a good and loyal subject); a firm resolution to cement the severed bonds of society, to encourage trade, to repress crime, and to foster among all classes the kindly sympathies of our common hu manity—these are the great and supreme objects of Earl De Grey's Government. That our warm-hearted neighbours, to whom his Lordship appeals for assist ance, will refuse him their patient and candid co operation, we cannot bring ourselves to believe. Cor roborative of that growing anxiety for peace which we alluded to in the outset of this article, it de lights us to see that one Roman Catholic gentle man after another is shaking himself free from the pernicious domination of O'Connell. The letter of Mr. O'Brien, repudiating all further connexion with the Corn-Exchange agitator, as published in our Irish correspondence of Tuesday, is encouraging in the extreme. Hardly a week elapses without similar desertions from the Repeal camp. Notwith standing the temporary triumph of the Repealers in the Dublin municipal elections, we feel perfectly con fident that nothing is wanting but calm and unpreju diced deliberation, in order to increase such desertions ten thousand-fold. Ireland is now Fterally exhausted with her own misguided and debilitating violence. All she wants, says Mr. O'Brien, is a respite from dema gogue turbulence. A leng and salutary rest, we trust, is henceforth awaiting her. May she soon awaken to a virtuous and profitable employnseut of her resources, like a giant refreshed with sleep! STAND ARD.—No one can doubt that the Repeal agitation in Ireland was much encouraged by the evi dent neutrality of the late Government with regard to it, if, indeed, its treasonable pretensions did not receive the direct countenance of some of the most influential of its Members. No sooner, however, are the senti ments of the new Lord Lieutenant perfectly under stood than that agitation subsides, and member after raember of the party by which it professes to be sup ported abjures ah sympathy or connection with it. Even his Whig friends, who, so long as anything was to be gained by agitation, on whatever pretext, were his unwilling supporters, can now afford to leave Mr. O'Connell to his Corn Exchange rabble, and openly declare their repugnance to his traitorous projects. The Hon. Mr. Ponsonby, the late unsuccessful IN 11;g can didate for Carlow., has, we perceive from the letter received this morning from our Dublin correspondent, added his name to those of the seaedera from the Repeal faction, an example which all men who have a character to lose will no doubt imitate. As a set-off to these defections, American sympathisers continue to pour in their subscriptions, and to convey to the iccen diary chief of the Repeal agitation their determination to aid the Irish in their " struggle for liberty:* Tee time may come when these patriotic philanthro pists may need the breath they have expended in such declaration to " cool their own brose." The cause of Repeal is absolutely in a state of syncope. No person of even average notoriety—the stipe.ndary agitator excepted—will venture any longer to ex hibit himself at meetings in its favour, and such is the dearth of " noticeable" visitors that Mr. O'Connell has been forced to enlist in the cause an old Parsee, whose dignified person and Anglo-Indian costume astonished and delighted the Repealers on Tuesday at the Corn Exchange, almost as much as he appears to have been astonished and delighted in his turn. The figure cut by Mr. O'Connell on the occa sion was miserable enough. He is paralysed for want of something to rail about ; a few months more of Lord de Grey's government, and his " occupation will be I gone," and with that, if he does not look very sharp, I the recompense he has been accustomed to receive for his labours. The result of the municipal elections in Dublin dees not surprise us ; still less can it surprise those who have been instrumental in securing it, and who pretended to believe that the passing of the Municipal Corporations Act for Ireland would tend to promote and consolidate the Protestant interest in that country. COURIER.—The result of the municipal election, which took place on Monday last in Dublin, the first under the new Act, has, it will be seen, verified tha very mast apprehensions which the opponents of that measure had entertained, handing over the municipal government of that city, the second in the empire, entirely and exclusively to the noisy and turbulent faction diet acknowledges the leadership and submits to the dictation of Mr. O'Connell. Dublin, under tl c Municipal Reform Act, was divided into fifteen wards, each ward returning four Common Councilmen, the highest on the poll amongst them being entitled to the Aldermanic gown, and of these clevea have returned Mr. O'Cueueli's nominees ; thus giving the arch-Repealer an overwhelming majority in the new Town Council, and placing in his hands the bauble of the mayoralty. That the first effect of the 8.11 which broke up the exclusiveness, and put an end to the jobbing of the" old Corporation," would be to transfer municipal power from one set of exclu sive factionists and needy politicians to another—merely changing the outward and visible form of the evils which it was intended to remove—we anticipated from the very first moment the question was mooted ; knowing that the system of exclusiveness so rigidly and rigorously practised by the now defunct body, which admitted no man, however high his position in the mercantile world, or unobjectionable his character as a citizen might have been, into the Corporation, who was not prepared to join in and re-echo their sentiments of stale and obnoxious intolerance, was most likely to be persevered in by their successors, although in pre cisely the opposite direction. There are few men ge nerous enough to despise retaliation when they have the power, and least of all would we look for such men amongst the frequenters of the Corn Exchange, or tho aspirants to corporate honours under the new regime. Therefore, however deeply we may regret the perpetua tion of invidious distinctions amongst fellow-citizens, and the perversion of the Irish Municipal Reform Bill to the purposes of a paltry faction, or the further aggrandisement of a bloated demagogue, we cannot say that these temporary abuses of recently conferred pri vileges have taken us by surprise. We were fully pre pared for them. GLOBE.—Our article of yesterday on the Exche quer I3dl forgery has of course excited considerable attention ; and even the official organs themselves, while simplifying and elaborating our facts, seem to be in no small degree surprised at finding the exactness of our exclusive intelligence. Without regarding the hints of the Post, that secrets which it cannot obtain we arc imprudent to divulge, we shall continue to put our resources of information at the disposal of the public, even at the risk of startling the offi cial pints by the unaccountable priority of our information on subjects of which their official con nections might be supposed to render them more immediately cognizant. We shall, therefore, proceed with our disclosures as far as we consider it convenient at present to carry them. The banking world will be well aware that Exchequer Bills to a vast amount are deposited in the strong box of various firms, from the day they are received from the hands of the Paymaster of Exchequer Bills, until the cor. responding day in the following year, when they are again returned to that officer, by whom they aro renewed, according to the provisions of the Act of Parliament. None of the Bills so deposited are in the smallest danger of having a doubt thrown on their validity, since it is not through the connivance of any public officer that Mr. Smith is believed to have circulated his forgeries. In using the term " forgery" we are perfectly correct, in spite of the question raised by some of our Con temporaries, whether the fraud amounts to the crime we have named ; and we arc enabled positively to state that the documents in question are forgeries in the strictest sense—both as to the signature of Lord Monteagle and his deputy. There has not been a surreptitious use of the genuine autographs of these officers, but they have been copied with so much skill, as we observed yesterday, as to have asto nished one of the individuals whose duty it was to sign the Bills, when the imitation of his own handwriting was shown to him. It is believed that Mr. Smith has acted through confederates in the City ; and there are ono or two names implicated, which, until direct proof is in our possession as to their share in the guilt, we shall abstain from mentioning. We, however, think our selves quite at liberty to divulge the fact that certain circumstances connected with this affair Lad induced the issuing of a warrant for searching the house, and an authority for apprehending the pct son, of an individual connected with the Foreign Stock Exchango—which in struments were placed in the hands of Forrester, the ac tive officer, to execute. On reaching the abode of the per ' son alluded to it was discovered that he had voluntarily called on the Chancellor of the Exchequer, to whom he expressed his willingness to afford every facility in th e detection of the forgery. This promptitude it', to a certain extent, favourable to the party hinted at ; but in a day or two we shall be enabled to speak more plainly on this part of the subject. In some instances in dividuals have brought suspected Bills voluntarily to the Treasury, and in one case these documents to the amount of 60,0001., have been lodged in the handy of the official personages at that department. The system of Mr. Smith has been to use his forged Bills through agents in the City, by whose instrumentality they have been deposited as securities. The fact that Exchequer Bills are called in, that the interest may be paid upon them only in the months of March and June, has enabled Mr. Smith to take up the Bills of March deposited with one party, by supplies raised from another party on Bills dated in the previous June ; and thus, the year they have had to run has not ex pired until three months after the period at wheli he has employed them to conceal his These latter Bills were, in their turn, taken care of by the proceeds of others dated in March ; and thus he has for a series of years been enabled to carry on without detection his system of forgery. We are happy to be enabled to set at rest the appre hension of those whose little all may be invested in Exchequer Bills of small amount ; for Ice believe that there are none under 1,0001. that have been made the subject of fraudulent practices. It may also be satis factory to some parties to know, that of all the nume rous lll's brought within the last day or two to the office of the Comptroller-General, for the purpose of having their validity tested by the counterfoil, not one has been condemned which is of a lower number than 6,000, Mr. Smith having selected the higher numbers, for reasons that will be hereafter alluded to. We have greet reason to hope that none of the forged documents have been purchased in the open market, but that ali have been used as securities, and lodged with parties, some of whom have not scrupled to take an enormous rate of interest. Inched it is owing to this circumstance being known that the matter began to be canvassed, and the suspicions were raised which led to the recent discovery. Some of the holders, a; the readiest way of asce:taining the validity of their Bills, have paid then: into the Bank of England as part of the recent fund ing ; but we believe this has been done to an amount that is not considerable. MONEY AIARKET and CITY NEWS FROM THE MORNING PAPERS OF YESTERDAY. TlMES.—Though the events disclosed yesterday would seem to have brought the affair of the fraudu. lent issue of Exchequer Bids to something like a de nouenzent, the interest excited by it. has hardly at a! subsided. In fact, until some official announcemen is made from the Treasury on the subject, there is scarcely a holder of Exchequer Bills who feel: en tirely at his ease respecting this part of his property. Besides this, the credit of the Government itself is mixed up in the question to a degree which becomes more alarming the longer delay takes place, and there can be no doubt that some very decisive n ea sure must soon be adopted at the Treasury to avert the consequences of this uneasy feeling. It may be stated, perhaps, as the more general wish, that an order should be made, not only for immediately call ing in the whole of those in circulet on, but for re placing them by others of a totally different mark and colour, so as to prevent any possibility of being con founded with them. With the arrangements that are at the command of the Treasury this ought to be nei• titer a long nor a diffieult affair, and even the fixing of a period when all uncertainty would be removed, would tend to some extent to relieve the public mind. But, bes:des this, there is another feeling on the part of the monied interest, which is calculated to make a very strong impression at the Treasury, and which is, that frauds Fite these, to so large an amount, and continued for so long a period of time, could not have happened without a system of management at the Treasury utterly defective, and vicious. Hence the Trea sury will be expected not only to remedy th, present evil, but also to establish such reforms as will make the recurrence of it impossible. It is well known that in the offices where the responsible part of the Exchequer Bali business is conducted the attendance of the persons employed is very short and very uncertain, and that the facilities, therefore, for fraud, to any parties who are disposed to practise it are very great ; and we fear it may be added that many of those servants o' the public are passing much of that time when they ought to be on duty either on the Stock Exchange, engaged in hazardous speculations, or at the offiees, of joint-stock coinpanien where many of them act as Director:. With respect to the party charged with the lead in this fraud, the name is not yet publicly announced, though it is as freely mentioned every where as if that had been the case. Much blame is attached to the Treasury, for having allowed the whole of this day to pass without making any official communication either at the Bank or at the Stock Ex change. But, though they have done nothing, a num ber of minor incidents have come to light which may be mentioned, as showing that the affair has very ex tensive ramifications ; and it is thought very possible that the party apprehended is but an instrument in the hands of a confederacy, who have associated for the purpose of conducting this enormous fraud. It has transpired that the offices of various persons have to day been searched, under a warrant from the Secretary of State, and it is also known that several individuals connected with the Stock Exchange have had notice to at tend at the Treasery for an examination, supposed to be going on at the moment when this paragraph was penned. Several very important question, too, have arisen in connexion with this affair, the most material of which i,, what has been going on at the Bank relative to the operation of funding Exchequer Bills, under the late notice from the Treasury. We believe it may be stated that, until this day, no precautions have been instituted there to test the genuiness of the Exchequer Bills brought in to be funded, and yet such is the nature of the proceeding that any party delivering Excheque , Bilis could obtain stock in exchange for them, and dis pose of that stock in the market, all within the period of a couple of hours. Thus, if the parties had resorted to this mode of obtaining a value for their Exchequer Bills, they would have realized immense sums, and placed themselves almost beyond the reach of detection. Another most important question is how the Trea sury will deal with those parties who may be said to be innocent holders of these forged securities, and whether they will be repaid. This point must, we imagine, re main very much in doubt until the investigations rela tive to the fraud are complete ; for the Chancel" a. of the Exchequer, it is said, conceives a broad distinction to exist between a fraud originating solely with one 01 his own officers, and one concocted out of doors, oi which that. officer is made the tool. Something, it is clear, must be done to bring the whole circulation of Exchequer-bills under observation, without which it could net be known, even at the Treasury, what ex tent of responsibility they would hive to incur by adopting the fraudulent as well as th e genu i ne i ssue . These disclosures have brought to mind many cir cumstances in the money market for months and even for years past, which were thought et the time myste rious and unaccountable, but which, in the hurry of business, passed away without further observation. As to the speculations in Spanish Stock, for example, it is recollected that the parties ostensibly engaged in them were persons of inferior note and standing, who yet car ried on their time-bargains to such an extent that their differences on the settlement of the foreign account, which only lasts for a fortnight, were often from 20,000/. to 30,0001. ; and yet it was found that they always contrived, in some way or other, to make good their engagements. Hence they acquired, of course, the confidence of the jobbers in the Stock-Exchange, and were believed to act, not for themselves, but for principals of real wealth, who, for some cause or other, chose, as is not uncommonly the case, to keep aloo! from observation. It was contrived, also, to let it be believed that the funds raised by these different ope rations had some political object, and even as far back as the mad expedition of Louis Napoleon, they were connected with that expedition, as they have been latterly with the insurrection in Spain. Most of the speculations in Spanish Stock, it should be observed, are usually unsuccessful, political circumstances and the state of the money market turning constantly against them ; and, hence, some people suppose, that the mode of raising money by false Exchequer B was an after thought, devised to rescue them from a situation otherwise irretrievable ; and it is by no means thought improbable that a participation in these losses by the official person implicated et the Treasury facilitated their employment of him as their instrument for gett:ng out of their mutual difficulties. It may truly be said, we believe, that since the first issue of the document called an " Exchequer Bill," there never has existed so much excitement respecting that security as at the present moment. It is proper to mention, in order to save many innocent persons from suspicion, that the person now in custody is Mr. E. Beaumont Smith, of the Exchequer-office. The business in Exchequer Bills continues for the while suspended. One or two small transactions under guarantee have been effected at the lower premium of 93. They are quoted almost nominally at 9s. to 11s. premium. This interruption to the regular mode of dealing increases the business in the permanent Stocks, which are quoted nearly a 4 per cent. better than yes terday. As the explosion of the Exchequer Bill fraud will implicate parties who have for a long time past been the supporters of the Spanish market, the news from Spain, although of a favourable character, makes but trifling impression. It is not likely that business in any of the markets will take its wonted course till the public mind is relieved by a full disclosure. H Ell A L D.—The arrest of Mr. E. B. Smith, de scribed in tho Court Calendar as "first issuing clerk" in the Exchequer Bill-office, is now matter of public notoriety. The fact and the name were known and talked commonly about yesterday, although it was not deemed becoming to particularise the individual. One other party in the City is understood eels° to be under close surveillance if not in custody ; and two or three parties connected with the Stock-house have received absolute summonses to be forthcoming at the Trea sury when called for, or at a certain appointed time. The names of these p a rties it is no t necessary to mention, as in f ac t their appearance is only under stood to be desired for the purpose of better tracing tie extant of the frauds from the fact of considerable amounts of the Exchequer Bills clandestinely abstracted and put into circulation having passed through their hands. The statement first and e xclusively made in the Herald under this head, to the effect that the recent extraordinary issues of these bills to so large an amount, were intimately connected with the late large specula tion and speculators in Spanish Stocks, turns out to be fully confirmed, although at first discredited by the Titnes and another paper. But for these large and sudden issues the fraudulent system might have been carried on probably fora considerable time forward without detection, as so long it bad been when managed with more reserve and cunning. At present it would be unseasonable to enter into such particulars as have been communicated to us, and are not unknown at the Treasury, as the cods of justice might be defeated by a premature disclosure. There are good grounds for believi:ig that a regular gang of out-of-door stock gambers and robbers have been concernel in this aiTair, into whose hands Mr. E. B. Smith fell, and whose orders he was bound to obey because at their mercy, from cognisance of his having already committed him self; although in comparatively an inconsiderable degree. To their unceasing exactions and urgencies, with the allurements held out of incalculable profits from specu lative stock operations on an immense scale, it was owing that he embarked latterly in those prodigal issues which led to detection at last, and as may be said so opportunely. It is now about thirty-four or thirty-five years since the celebrated case of Aslctt or Astell (if we recollect the name aright), deputy cashier of the Bank of Eng land, who was tried for the fraudulent abstraction of some five or six hundred thousand pounds worth of Ex chequer Bills from the vaults, or safe, of the Bank, of which from his office he was the cusp's and held the, keys. He got off the capital punishment on a point of law ingeniously pleaded by his counsel, the precise bear ings of which do not at the moment occur to us, but something to the effect that value was not proved. The point transpired in the course of his trial, upon which his counsel subpoenaed Lord Grenville, then Auditor or Teller of the Exchequer, whose evidence went to show that he was not in tiu haleit of sliming the bills charged in the indictment as signed by him ; as indeed how would it be possible for any one man to sign ten or more millions worth of bills, each at stated and within certain limited periods of the year. Mr. As!ett escaped upon that count therefore, hut was convicted and imprisoned for two years upon a minor count of stealing to the amount of forty shillings, in the shape of the value of the paper on which the bills were drawn. That person, it is reported, is yet living in Paris. In his case likewise, the robbery was owing to :beck speculations and the payment of gambling losses of enormous amoumts. To show the loose system of transacting business at the Exchequer Bill-office, it may be noticed as being reported that a few years ago only a parcel of bills to the value of about 100,0001. held by a certain corporation, was discovered to be without the regular stamp of what is called the " portcullis," being part of the arms of the city of Westminster with which the regular bills should be stamped. They were carried to the bill office and submitted to the clerks to ascertain if genuine. One and all, upon careful examination and collation with the books, pronounced them genuine. The omission was then pointed out to their surprise, acknowledged as such, and rectified. In the year 1831 or 1832 similar frauds to the pre sent were committed and detected in Paris. We re collect the name only of one of the delinquents, a person of the name of Kessner. He also was deeply involved in stock speculations, and being irretrievably eompromiaed in the tremendous fall of French stocks consequent on the revolution of July, abstracted or fa bricated Boos Royaux, answering to our Exchequer Bills, to the prodigious amount of seven or eight mil lions of francs before he was detected. We do not exactly remember the particulars of his fate, but rather think that after apprehension and during imprisonment he managed to destroy himself. From these remarkable instances of successful fraud the necessity becomes apparent and urgent of more stringent guards and checks for the safety of the public purse, and above all of the nicest &scum spcction in the selection of individuals for fulfilling such important trusts. CHRONICLE.—The Chairman of the Committee of the Stock-Exchange, along with a deputation of holders of Exchequer Bills, had as interview with the Chancellor of the Exchequer to-day at the Treasury, for the purpose of ascertaining the determination of the Government regarding the spurious Exchequer B lle. The answer made by the Right Honourable Gentleman was, that he and his colleagues were anxiously en gaged investigating the subject, and so soon as they had made up their minds on it the public would be in formed. Whether the measures to be adopted in this matter are to remain over until February, like those attending the general financial embarrassment of the country, we will not presume to foretcl. The only point, however, known at present is that the Cabinet is deeply engaged in the matter, and that the public will be duly informed of the result of their delibera tions. In the meantime Exchequer Bills are scarcely saleable, and the public mind is left in the greatest de gree of alarm, the holders being totally in ignorance whether their securities are to be acknowledged as ge nuine, or to be disputed by the Crown. Tie party in custody, Mr. Beaumont Smith, of the Comptroller-General's office, is understood to be the custes of the bills, but not one of the three func tionaries authorised to sign by the Act of Parliament. It is not known whether the Government admit that the spurious bills bear the genuine signatures of the parties authorised to sign, or whether they are to be challenged on the ground of forgery, but in whatever light the case may be viewed, the looseness of the prac tice of the Exchequer Bill-office is undeniable. It is now thirty-six years since the system of authorising certain persons to sign Exchequer Bills originated, and the t el/ Act, we believe, merely continued the old practice, while it abolished the office of auditor, and appointed the comptroller in his place. It is therefore quite absurd to endeavour to throw the blame of the fraud upon the late administration. It has been carried on for several years, and with considerable caution and dexterity, as the principals always took care to use the spurious bills merely as a deposit in security, stipulating that the identical bills should be returned, end thus they were enabled to call in all their issues annually about a fortnight before the period of payment in March, and to issue June bills instead. There was a new act of fraikl, therefore, committed every year, and it is quite clear that the principals must have had several confederates. The question of Government :iability is much agitated to-day, and the general im pression is that the public must be kept safe from loss. The point, however, is one of considerable difficulty, and on which, under our present knowledge of the facts, it is impossible to speak with confidence. There are certainly some strong grounds for maintaining the case of the hollers. There is the general liability of masters for the acts of their servants ; which rule ap plies so far in this case, because the bills have all the Government stamp, and bear official marks, which prove that they have emanated from a Government office. Supposing, therefore, that the signatures could be proved to be forgeries, the liability of the Crown might be still contended for. But in that case—that is, in the case of a clear proof of forgery in the signa ture—we should apprehend that the Crown would have strong grounds for disputing their liabilities, because, although masters are liable for the general acts of their servants, they are not responsible for their crimes. The Crown would no more be liable to pay Exchequer Bills, forged by any clerk in a Government office, than bankers to pay notes forged by any clerks in their em ploy. But there are great doubts entertained whether the parties authorised to sign could be able to distin guish genuine from fictitious signatures, and the test applied to some bills sent up seems to strengthen that impression. We allude to the rejection of bills because they have not been found to suit the indenture of the check. Such a test is evidently fallacious, and not likely to have been adopted if the authorities had been able to detect false from genuine si g natures. Supposing that the trip' icate bill*. were 16d before the comptroller and his deputies authorised to sign, we believe it is acknowledged on all hands that they could not tell the false set from the genuine. Anti it may be doubted, even if Mr. Smith himself (supposing he were to confess that he had signed the names) could select those which he had fabricated from the genuine class. There is great room to doubt whether any Jury would give a verdict for the Crown against the holders in such a trial. Besides the point of Government liability, the means of detecting the extent of the fraud, and of re moving all further doubts as to the validity of the out standing bills have been anxiously discussed. The Government, it is maintained, ought to possess the means of ascertaining the extent of the fraud, and the books in tho Exchequer Bill-office ought to furnish them with the necessary data to do so immediately ; but if the truth cannot be ascertained in that way, then the whole bills outstanding must be called in by public notice. Granting even that step to be taken, the Government have still to consider how the Crown and the public are to be protected against the commission of similar frauds in time to come. The whole question is full of difficulty, and un less speedily set at rest, threatens to produce a most serious decline in the value of the unfunded Securities. The quotations for Exchequer Bills have fluctuated considerably, having been S. 9, and 11 premium. The extent of the fraud, as far as yet known, is 200,000/., whereof 135,000/. has been traced, and the amount is fortunately in very few bands. Sir James Shaw, the City Chamberlain, lent 40,000/. on part of the spurious bills, but whether the money belonged to the Corpora tion or not we have not learned. A well-known capi talist sold 2,000/. Exchequer Blis to-day for 1.8001. Upwards of 60,000/. of the spurious paper is lodged in the Treasury to wait the result of the inquiry. The alarm created by this affair prevented the public from making their usual investments in Exchequer Bills, and induced them to turn their attention to the funded debts instead, which has created a considerable demand for Money Stock, and Consols have in consequence (and from the increased impression of a favourable ter mination of M'Leod's trial) improved to 88i to for the Account, and EBi to for Money. POST.—The interest taken in this part of the me tropolis in the investigation going on at the west end of the town of the circumstances connected with the Ex chequer Bill conspiracy, for so, we believe, we are per fectly warranted in designating that affair, has in no degree diminished in point of intensity. The ordinary operations of trade arc interfered with by the startling facts that have been disclosed. Every respectable man of business is anxious, therefore, not only that the case should be probed to the core, and the authority of the kw completely ',indicated, but that me isures of the most effective and stringent kind should be taken to prevent a recurrence of the evil. An equal anxiety is expressed that the ent re system pursued by the money-dealers and Stock Exchange people should undergo a revision at the hands of the Government, and that a salu tary restraint should at once be put upon the loan-contracting fraternity, without any respect of par ties or of names, however high and imposing. The connexion is one and the same, and unless the transac tions of the whole be considered in relation to each other, it will not be lung before some fresh outrage upon public confidence will be perpetrated in a differ ent shape. The individual in the City who was said to have been taken into custody yesterday, has, we rather think, been seen at large to-day, but the report of his capture was again very current towards the evening. The Clerk of the Comptroller's-office, Mr. E. B. Smith, whose depredations would appear to have been of so wholesale a character as to have completely out stripped his recollection of their actual amount, whether one, two, or three hundred thousand pounds, and who was in the receipt of the liberal salary of 6001. a year, will, no doubt, he severely dealt with ; but it is under stood that he has confessed all that he knows, and, if so, we dare say it will presently be found that he has been little else than an instrument in the hands of more prac tised offenders. A number of others moving in the same circle with the City operator hinted at, have, we are in formed, the eye of the police upon them. They affect to treat the matter with levity, so as to divert atten tion as n.uch as possible from the subject ; and that such a policy should be resorted to by men in their un enviable predicament is very natural ; but the impres sion is, that several of them are permitted to be at liberty only upon sufferance, and under guarantees to Government to be forthcoming whenever they shall be wanted to give evidence, or for purposes more seriously affecting themselves. It was mentioned in yesterday's paper that one of the principal brokers in possession of bills lodged with him under questionable circumstances was believed to have delivered up to the Chancellor of the Exchequer 50,0001. of the property, to be dealt with as Government shall think fit. This turns out to have been the fact. The broker referred to, a gentleman of acknowledged respectability, who had acted, it seems, for parties in their speculations on the Stock Exchange, receiving in deposit, or making ad vances upon a dirge parcel of Exchequer 1311 s to cover stocks purchased for account, proceeded without hesita tion to the Treasury and delivered them up, at the same time giving every information in his power respecting those from whom he obtained them that was' calcu lated to further the objects of the inquiry goner, on. The gentleman alluded to received a letter in the course of the present forenoon, requesting his attendance in the after part of the day on this unpleasent business, and we doubt not, if all persons innocently implicated in it, directly or indirectly, will act with the same good faith and fearlessness that he has done, the whole of the mystery in which the subject is still involved will soon be unravelled. It seems but proper we should all that this gentleman is a broker of long standing in the City, and that his father enjoyed for many years befire him the same high character that he does himsi It in the same branch of business. He has probably been too confiding, but of his probity not the srnellest suspicion is entertained. It has been his misfor tune to become identified with an exploded instance of the very objectio-aahste traffic that is carried on at the Stock Exchange under the modern system. An evening paper states that a certain tol -coetractor of the Jewish persuasion holds a very large amount of the unauthorised bills, intimating that be had made ailvences upon them at the rate of 7 per cent. interest. We are assured that this person obtained no more titan from 4 to 5 per cent. Another party has been named as heving re ceived 7 per cent. In his case, however, the charge was but nominally his, the transactions undertaken by him for his principal being of a mixed character, con nected with the Foreign Stock M Act. During the inquiry into the circumstances of this ne farious transaction, which is still proceeding, the Con servative statesmen upon whom the painful duty of prosecuting it has devolved, have taken due care that neither from themselves nor from persons officially con nected with them shall any revelations, as to the pro gress of the investigation be elicited. This cautious and prudent reserve is highly meritorious, springing as it does from the apprehension that premature disclo sures might impede the single object in v.eiv, that of doing substantial justice to the public as well as to every individual whose character or interest is in any manner involved in the transaction. But if we may judge from the article, which appeared in the Globe of last night (insetted in the last page of The Sun, under the head of " Spirit of the Public Journals"), and in which it is impossible not to perceive at least glimmerings of information which must have been derived from persons concerned in the inquiry, it would seem that the same anxious and scrupulous re serve which Ministers have imposed on themselves and those who are subject to their authority has not been maintained everywhere. The article seems to us an overstrained attempt to show, not only that Mr. E. 13. Smith, the senior clerk in the office for issuing Exchequer Bills, is, what we are told he confesses himself' to be, the only official person chargeable with moral delinquency, but that there are no grounds for the imputation to other official persons of the minor offences of negiigence or incapa city. In so far as it attempts this, we cannot disguise our opinion that it signally fails. It will at once occur to every reader to ask what can be the use of a Comptroller-General at the head of a department, with a ,salary of two or three thousand a year, if the power is to be left in the ha-ads of a cli rk of that department, with a salary of 6001. a year, to issue from it fictitious securities to the amount of two or three hundred thousand pounds ? There is no longer, unfortunately, any doubt that " the position of Mr. Smith gave him every facility for the fraud," which is precisely the circumstance of which, as it appears to us, the public have a right to complain. If it was " a part of his duty to insert the numbers and dates upon the bills," and if the fraudulent bills " are consequently upon the proper•paper," surely it was " a part of the duty" of somebody else to see that " the proper paper" for the manufacture of miilions of money was not given out to this clerk at 6001. a year without measure or limitation, or record, or memorandum of any kind ; and we think we are entitled to say on behalf of the publ - c that it might not unreasonably have been ex pected of e Comptroller-General at the head of the office, with a salary of 2,5001. a y eel., and very little to do, to see that this duty was not entirely neglected. Why Mr. Levy, the toll contractor, to whom we suppose one passage in the article refers, takes better care of " the proper paper" which he gives our to the men at his dif ferent gates to represent the twopences and three peaces he is entitled to receive. And we ,ire almost compelled by the statement of the Globe to wish that Mr. Levy instead of Lord Monteagle had been Comp troller-General of the Exchequer, as in this case pro bably the calamity that has taken plsce would have been averted. There is much of the article which we do not per fectly understand, perhaps from the circumstance, in all respects an unfortunate ene, that we are not very familiar with the form and appearance of Exche quer Bills. Does the Globe mean to intimate, when it uses the word " signature" in the singular number, that the genuineness of these important se curities is attested only by a single signature? Or, when it speaks of forgery, does it mean to say that, there being more signatures than one, all were forged ? We really ask these questions for the sake of informa tion, although they may serve at the same time to show the extreme inconvenience of premature and imperfect disclosures upon a subject like the present. In refer ence to the word " forgery," we will only remark fur ther, that if the Globe have any sufficient warrant for having employed it, the nature of the transaction dif fers very materially from what the public have hitherto supposed. The general impression, both in the City and at the west end of the town was, and is, that the offence of Mr. Smith, though not less than forgery in moral guilt, cannot be properly described by that term. The Globe speaks of the system of the office in which this offence has been perpetrated as being the same now as it has always been. This, if it be true, is a very inadequate defence of those who have had the dominion of the office for the last eleven years ; for, if the system be a bad one, which we do not- know, the greater fault is theirs, Reformers as they were, for not having reformed it ; and, if the system be a good one, the results it has produced in their hands show, what scarcely indeed required any such proof, that no at stem, however good, can supersede the necessity of vigilance and prudence on the part of those who are charged with the duty of superintending and controlling its operation. __— GREAT NORTH OF ENGLAND RAILWAY. Traffic returns for the week ending Oct. 25, 1841: Passengers £956 13 4 Merchandize £1,339 6 5 Darlington, Oct. 27. D. O'BRIEN, Secretary. UNSAFE HOUSES. (FROM A CoRRESPONDENT.) The house, No. 126, in the Strand, next but one to the Globe newspaper (ace, is in a most dangerous con dition, and require:i the immediate attention of the autho rities who have the management of the property of the Duchy - of Lancaster in that quarter. Though shor e d up Oil i b o th sides, the walls are in such a dilapidated state that a high wind, after the continued rains, would pro bably bring the craz y fabric to the ground. Such a danger ous nuisance, in a great thoroughfare, ought to be indicted by the inhabitants in the neighbourhood, or, mor e pro perly, by the parish authorities,, who are expect e d t o take precautio ns for the prevention of accidents. But a few months ago . two houses in Fleet-str ee t, i n a s i m il ar con dition, fell into the street, and, had any of the pas sengers been killed, no doubt a jury would have returned a verdict of manslaughter against the di s t r i c t surve y o r, o r the proprietors. Prevention, however, is better than punishment, and public attention, therefore, cannot be too soon directed to the wilful negligen ce o f some party or another, which may probably lead to fatal 'cow , sequences, MORNING SUN' ----- the inspectors CORN AVERAGEge nll2l ~gH G-- , o f Fol,v (i tahl E ee :TEßAL AVERAGE PitIC.L;S Or biti . . he Return. 4 IN,•et ending rteoklmrsep,nnerditeandleQOd,ciiat.frre2:er2er,n,lt34Cli,timesadaenau.pr.twronms ii..i..ngianj .. 37 9 . 116 Wheat o:3s. id 1 oats Barley 3l:. 51 I Rya ......... 3gs, OM rea5e........- ngANWEHREAAGT.EsBAORFLE7.IE.LAATSZ $LER:YrEEE....................55.Ar0. ......_,,,0, -- -----"4"---""-- ---- - -; 44 1 0 41 j 1 Sept..l7 - 245 24 63 4 3 1 5 22 3 nd 5 41 • go . Oct. 1 8 6l 93302 2 0 3 , "40 1 ; 98 i 61 6 31 10 1 7 35 10 S 5, 39 7go 15 t2 33: 621 i 4 :33 a 1 1 22 63 631521 9 35 0 " 0 , wo l'g, IMPERIAL AGGREGATE AVERAG ES Or THE . ..411. ", i i Wheat 621•10 d. I Oats ........ 22 4 . 2d. 8eat15........411. ." Barley. 313. sd. Rye ......... 373 . 4d.1 Pease.... DUTIES Olt FOREIGN . CORN. .. Wheat 249. Sd. I Oats e"e ....ns .... us. Barley O4 173 . .... ~ IW . 10 d. i Nyenye ......... 14s. . - THE MARKETS.—ykis fER COLONIAL MARKET. to Prices were firm and the hom e trade were boy: : d a fair extent, but the shippers operate wit sales h es ' o ra The imports were fair. Several large public declared. TEA MARKET There was but little Chin es s cl o n e., bat itoliaoi;lordillsll;:tiowsedeers.odl; firm, and Company's Cgou could n he.P1.0,,,c111 under ls. 1011 cash. A vessel has arrivd with; ' e-- TALLOW MARKET. " ~t . „• d i e on Prices steady, and the market dull• P. 1c. : , - -- „a of the the spot 475., and 4.65. 91 for delivery up year. Many vessels with Tallow. are near at h¢ oTdheseu;WITECHAPEL RAY MAROT . but p t i l l i y e t o r f a l• Meadowery m l i i d a c y l 1 i n 'i g n d fo C r process`p without alteration. Of Straw the stire3LtA more_ plentiful, with prices a little lower. y 0 'L 0 Cl.;1 Meadow Hay, a. to 11. 153.; Straw, a 139. .. COUNTRY R Y na C rl it: y l . l ------- ••• .1.. L........... ..............., s. 11, 40 ' Per Quarter. a. to e . a. to a. a. to s. ~,a. 1° 9 9' 90„, 40 Boston . .draintiee 4 2 46 8' B•ighton 62 76 29 38 22 •2 6 -- 58 ,; w N 301aAt5itt.....,,E13T4:1' I/l i' rejle te I . Cambridge, .., - 61 l6 - 40 6 ,4 0 Chiche,ter 62 74 30 34 24 .26 44 45 . 414 Dunmow fit 68 39 38 22 2 'j L 2 40 4. 0 4, Grantha Grimsby m"4 56 74 29 33 18 21 o ,n 4 3 9 °S , Haiisham 63 78 30 36 21 2 3 44 , 31 45 . 4 1 0 Hitchin 5O 7i 23 34 25 30 . 4 .- 94 sr.., 0 Ipswich 6O 67 28 `2 21 2 6 '''',44 38 L . ' 6 9 newts 57 66 26 29 22 25 -- nc - ". Lynn 63 68 30 34 eo 24 .1 40 ...... 40 Maidston. Norwich - 31 Pi Petworth - 45 .. 4. Rom ford 56 '7O 30 33 20 2 0 V ; 4 3 . P g ,. 4, 1 Sandwich 62 71 30 31 ..,1; 31. i ~. 9 9 p. p Tnetibril ' 69 64 32 36 21 2 4 ': 6 40 56 0 W ish,e ti . , Witham 62 72 .28 36 23 0° ~c 1 40 "" Yarmouth 6O -74 I :'.:(1 32 24 30 ",-„, 2.. 11; 0 ' LAI/ ERPOOL CORN 11l eirtKET..-v-cos°64.ojo 4 WIIEAT, English, White, per 7010..-. ................ g . 10. 0 ti , -------- Red ...................................... „ 0 . 0 .5 --- -,,,,teh, ‘Veich, and Manx ........... .. ....... ii,' . 9 0 trial), White .......................... ; ............. "% 9 , 0 -4 --- Red . .......................................... ; 6 ' ft .d 6 -- Foreign - ... . .......................... „10 $ OATS, B,r 1«h, Welsh, and Scotch, per 4510. ......... ; 3 .. 0 0 ---- Iri 1 Foreign .... ........................ ... ............. .. ..... ~,, 0 4. 0 r,ARLEY, EllghSh, Malting, per Imp. quarter .. . ... ... j', 4 4 4 -- Scotch and Irish, per 6010 s. .................. 6 ~ 39 ---- Feeding . .......................... ..................... 4 7 4 0 4 , 1 0 BEANS, English, per Imperial quarter .................. 4 0 0 45 It ------ Irish, 34 , • .... ....................................... 4:3 0 44 0 ---- Cort,gli - ............................ 40 o al 0 PEASE, Englisn, per Im,:crial quarter ................. 0 ',.. 0 -- Foreign ................................................. r; 0 fi 0 ELOUK, English, per 281313. ................ .. ............... 4 0 n o Irish OATMEAL, English and Irish,per 2401hs .......... . Fi 6', : 95 ° Piniar. Coale, lilt 480 lb. RYE, per Imperial quarter .......................... . ....... ' 41 ,, 0 „ MaLT, per Imperial quarter ........... .. ............ ............................................."" 114411/ 0 --- 14 014 e FALL OF CHALK ON THE ziRIG.-1 _A ill t heaoSeu the WAY.—A great deal of excitement was c-duritlg 00 City yesterday by the stateme nt that geratto night a large tall of chalk took pl ace at th e doo, if t o eating-, about eighteen miles from 14°110ectea..014 at present impedes the traffic ; but it wa 3 e ia 010 in tip! course of the day a passage w °ll ,,io Or ;IP for the trains. Fortunately the discover} ‘,.• 00 ,, o t le ere . sufficient time to inform the conductors of m , bo s ti ,r and down trains, and not the least accident The 1. ;01 fern occurred beyond the falling of the ( 4 °7: : cb. : ., l Ani ;- 0:4 sengors to and from Merstharn were yest eru ci Jeff .',;,r in post-chaises. The engineer inatnediate;;, t heo` — don for the purpose of inspection and gi vi ° ° ' -. -84 sary directions. ' The Duke of Buckingham transac te e sir yesterday morning at the oflicia,l residence 0 ' - '. • - o f in Downing-street. • . Coroin i i i 0 1 A deputation from the Short-tune. tif i' . ate u ' the West Riding of Yorkshire hart. 0-l e ill oerl ',' Sir J. Graham yesterday morning at f;c l 4 : •_fl o. ice • t The dewtation consisted of W. Besitett, 007' ) Messrs. Fleming, Hobson, Leach, Crabtree, ti - g 'inefg e ; r ( - ADVERTISEMENT.] 1 c ifer Alin— v The only article-which possesses e%c'titTogio,,frioit I tic properties for nourishing the hair,pre ven ocnife f off, or turning grey, &c., is Rowlands `'. c ia of, i gitl 4 1 which preserves the hair to the latest P e r r asee, S V promotes a luxuriant owth on the balder ',,,bieP m t it a strength to the roots produces strong 0 1r° ' 1 1 6,10" 7-1 ' weather or exercise cannot affect; t harsh and dry as soft as silk, glossy, e le g ant' $ 11°1'0 0 5- - ful. This oil is ,invaluable in the nursery; •operlaitt I tention to children's hair is of the great es , t es :, te:oo 4 3 It eradicates scurf easy and pleasafit, ri i. ;, - utilt i k- firm at the roots, and fixes a atainipalb r 11 w---. 'OO 1 01 0 .1 o of !lair. • Jo i DEAFNESS.—Sound Magnifiers , an d o 010 1 e Operative Voice Conductors, to enable persons i olik e ialitl d age, and of old standing extreme deafness, t° loin .0•5 0 , it conversation, and to catch the sound of a do ta l " er i 01 0 " - 411 4, renders. .0;00, L i at a phblie assembly ; they are the size of a i - t o t llO . .. seven shilling piece, and when in the cavity °` t otse; l 4so 4 ! I are not in the least perceptible nor more 11 0°11 ! e re. Adt - P.,,' e having a small piece of fine wool in its place ; t"'O..S. ri,00 ,1 of a metal to collect sound, peculiar to the O ei 'o r eo 3 e li ' s O4 n Solomons themselves ; and although they are S° e de stlit il eidl, yet they enable those afflicted with extreme or 10- ov a those who are only slightly dull of hearing 1° ., / h e or 4 . S. ' 11° a _.,,alls , Jai respect equal to those of most acute bearing. •-• epr - ter k B. Solumons, 39, Albemarle.street, Piccadillyl4 4itYsi,ool ,o York Hotel, and 76, King William-street, C 1 6 1% , „ 4 p* silil ll' ". Spectacles, immediately they are placed befor g , ; - ,10110 4 -j It either by day or candlelight, that Mist a t n bjeC o 4l lc l, appears before the eyes is at once removed, evert - 4 ye.a.iry tt clear and distinct, so that the most aged defectif oil, P e 'd til l ) 1 * comes bright anti brilliant, and is brought to it, and original state. These valuable inventions mi l' p 0 0, Or I. patronage of the Royal Family, and the unqua' t6 i p a r ofv. / e ll/ d above 400 of the principal ItS Its Yetiswepsi::oool members of themect ica e bele nurne.ous individuals of - high distinction, who tta ouit y ;(o , l ,o o O benefited by their use. 39, alheniarleatreet, ri cc so a the York Hotel, and 79, King William-street, City.--" - - - ,______„.,,,-- . -J ie with persons of the same name. ao r .1., 111 ' .10 11 ; SONS' V" PLATE.—A. B. SAVORY and ( oppo.4lilfir facturizig, _ilversmiths, No. 14, Cornhill, Lond°Vatterllotlt Bank of England).—The best wrought Fltial g : me itig_ j at 7 Spoons and Forks, a: 7s. 2d. per ounce. The ' ha l DV . ' 4, weights recommended, but the articles zna.Y be . 0' heavier at the same price per ounce : 'l 6 a• d' 1 0 $4 oz. i 0 ,, 7 , 0 12 Fiddle Pattern Silver Table Spoons 30 a' g . 1 0 20 t 7. "1 0 •1 4 12 ditto ' Dessert ditto a,, g... /- I 12 ditto Table Forks 30 at 4 2.. . 5 0 , 5 1:2 ditto Dessert ditto 20 a t ~ g ... 5 1 1 0 2 di to 1 ditto 4 ditto - 4 ditto Sauce SGordapvy L d Sa i p t d ditto... o eo . . n. . s. . 1 11n0 - 0 ala - ttt il f : . 7 0 ; 1 1 °1 ; v i I ditto 12 ditto rr S ri a es l ai t i ss S pl p oi c o oe o n. n s. s .. . ( .. g .. i 1. 1 0 t . . 5 . 1. 2. 1 t 0 . i r g .0.614. i. 0030 ea l l o b 4 I ditto Pair Sugar Tongs t _ r iiiiel, b , pit; N.B. A price current, stamped as a newsPen(y. to ' t oo, . drawings, and containing evei y information rei a ' 10 10 0 0' chase of silver or Sheffield plate, may be had °ll ia 0 0 will be sent into the country, free of postage, paid letter. OP' DIED. l'• W' 176 On the 9th ult., at the Wand of St. Tholle,g, ' bitifr' Esq., 92d Highlanders, aged 18. Roe t r et e ' On the 11th inst., Mr. J. Ball, Prince s- dio;,.s On the 19th dist., in Candos-strect, CS. r. w ool CharLitte, eldest di..ught , rof the-late W. l'!„;,,leh', ref., ` l°. t • On the `2lst inst., at Prince's-street, - rA" , ' -i - no te'. Blair, of Blair, in the e6untv of Ayr. ' i s wat '- „ On the 23ii i,st., at Abbey-place, St. Johli's-- ts i i s 1• , Davies, aged 14. , ~o f OP On the 34th inst., Alary the fourth datlghle" n,, S. White, London-road, 13;igl t g l4. - d ' fil t • On the 26th inst„ at St. Helletilla'-at re Mrs. E. Carlson, wife of Captain J. 1 - 1• Le ck e .race : rei,l2l,lol;ili: a, amm_fma•mr,m.... _ y OVO s London : Printed and Published by avano 0 s ok No. No. 112, Strand, at The Sun Office ~0 ' 2 1 4 N ,41. the county of Alid.dleses, Friday, (MOW 2Y . ' _r~"~ TRIA The FR will dine toi Anderton's Anniversar, JOHN 1-1( a Charge of J. p Jose Thoi Jam, Will Alex Dinner Tickets sqoi , ICE that. a Q COAIPAN AV Enst , In the Fore] E. THE That the 'TO cK text, a t Ti th elBth J a . ST oeK That th tinder the 1 85, will be c 1( • PRI to f ull 0 e for the IL' e'erY deset c ultural, work,. Rai Partieol pliettiorx Ordnance' fly I4UN Dp 4,24 ' 8 4 10.3, Oder r. I:t . . b lir e ° h 6d a a. at. r _ T rail v ar S o ec dist i anc donY Tic „ , S 1"1(1 tich day f Pr °`'n From These` chase of silver or Sheffield plate, may ao """ Rey ..- will be sent into the country, free of postal in A sod paid letter. en d s , the 0 C. J. DENT begs to acquain t his ~;.ereiviii° the Public that he has just had the honour ' subjoined letter from the Admiralty :-- ,1 6 , / jor (Copy.) temos .- oi ' " Admiralty, 2 9th Sep be use reed' " Sir—The annual trial of chronometers for i t 1 aro 1 ; 0 4 Majesty'S Government having now terminate"! i lty' t ° 1," 0 1 " / mended by my Lords Commissioners of the Ado'n,aio t - , mo t you that their Lordships have directed me, to por, c afi aia s ' lowing chronometers at thevarious prices Spec 6 e" ° respectively, siz. : .. Wea l Dent, No. 1,571 ................. . ~..: ~"4 „ inea" 1 4 Dent, No. 1,606... ..... . ...... . wb - ipeas elt `, f Dent, N'o. 5,621 (p0cket)......• 30 P .: l ler to oj o eom' " Their Lordships having been pleased , 1 1 3 °r _ ~rOP°rs uperior performance of 1,571, to assign is it a r . . increased price to that usually given. rvao e ' p11 0( '' " 1 am, Sir, your most obedierit se, dfo gra " F. BEAUFORT' e i le 82 , st rat a o beat of ti;" " To Mr. Dent, Chronometer Maker Out of 80 Chronometers, by various' Mok erl ' twic e 0 04 the late trial by order of their Lordships, the C ed itioo , t hil above three, with two selected for the Niger Ell' be b,.° o . th e others, enables Mr. Dent to affirm that he belie v l s e terg ' Ol 14 year Supplied their Lordships with mere Elironor., , 0 t be use of the Royal Navy than have been furnish° ' 0 0 :c ur es any other Alaker. to the It affords Mr. Dent additional pleasure to sto he hot) Sr to their Lordships' high recommendation he ow e ' i b t e N i g er to having made a Gold Chronometer, presented 1° " eg, pedition by his Royal Highness Prince Albert. A otelt e d to Dent's Lectures on Chronometers, Cleat' , o w r ese t . b ut p be obtained at 82, Strand, price one shilling, customers gratuitously. G Oess. 4° Present price of Two-day Chronometer'', 6 b . Or ti il BIRTHS. - ~ 1 1 ' so. _..., On the 26th inst ~ at 13arnfield, tamford-10 I' Heathfield, of a dau solverghter. setsbire, , : t io. On the 26th inst., at Shanks House, S. Marindice, of a son. T. r' f r• a On the 27th inst. at Vauxhall , the lad 0 ft. Esq., of a son. - " 1 if. 1 ' D IrS. , g On the 27th inst ,at High-street, Shad Tit Taylor, of a daug in hte . On the 27th st., at Hill-street, Berkele/.sq Errington, of a daughter. .....fia IP i," 6 M A R Rlg D . o wslii re ' o f t' On the 25th inst at Bonnytoun, Linlithg._..dbter '' m ot Slate, Esq., Chiswell-street, to Agnes , late John Mitchell, Esq distiller, Glasgow' E t. a bet ll 4o . ~ t 6 11 Cow - On the 26th inst., Mr. James Horwood wr ottan i ' eldest daub eldest daughter of Mr. T. Collingwood, of I , ‘ ll ' Oxon. Dal ens ..1 At si - T 44 :fn. he 1 *---....., Ti,