The Sun. — London, England, 1839-09-17 00:00:00

MONEY MARKET and CITY NEWS, the hands of merchants and traders both in this country s ee e (MONDAY EVENING.) and ou the Continent ; and although the aggregate TIC 0 amount may be large, it must he so subdivided amongst .i. c o ntinued tendency Funds have b een h eavy all clay, with h o ld ers th a t we should suppose they cannot he produc• 1 4 minued tendency to a decline in prices. Consols tive of any lasting embarrassment, although the an f cvere dep resse d to 90-k to 91 for money, and 911 fo r nouncement of their non-payment may create momentary account. In.iia Stock was '249 ; Exchequ er B i ll:, 3s. inconvenience. Of the ultimate payment of these bills, to ss. prem i um. as they must be liquidated before the shareholders can e ' t fh e settle men t o f t h e account in the Foreign Mar- claim any portion of the capital, there would seem no k , re s p ect i ng which some uneasiness has latterly been reasonable doubt, and should they go back unpaid to manifested, was effected much more satisfactorily than Philadelphia, the holder would be entitled to '2O per ii might have b een expected,. considering that the differ- cent. damages. cences to be a dj uste d on the speculations in Spanish " The post-hills, which are notes signed by the officers stocks alone amounted, taking the Active only, to more of the bank, and made payable at the agency of the bank I than 10 per cent. The closing prices on the settle- in London, but without Mr. Jaudon's acceptance, must V ent of th e l ast account were 2 14 to 2l e , and the last be classed with the above•m e nti one d acce pt ances , as Pr ce of to-day for the Active, with the May Coupons, liabilities to be redeemed out o f th e p ro p er ty an d ca pital I Were 3 1i to 32 f or account, and ' for money 31i to 3]-1, of the institution before the shareholders can touch a Si)teat the rate o f continu a tion was only i per cent. dollar, and therefore their ultimate redemption may be th e L course of the settlement the variation was, how- placed beyond a doubt. These notes are chiefly held e ver much greater, owing to the severe pressure for by capitalists, to whom delay will be of no serious con- Whil mo ney,_, and the Active were offered a- 30e, for money, sequence, and a great portion of them have still a long st the current price for account was 311, period to run before maturity, so that timely provision eo 'rig a difference. o f ii. per cent. The difference on may still b e ma d e f or t h e i r payment h ere . :Isortuegeuese mad Spanish American securities have " The p ros p ec t s o f t h e s h are h o ld ers are no t so car ; seettniteb r n went n considerable during the progress and 'up to th e taro, an d t h e va l ue o f t h e s h ares w ill b e regu l ate d b y Cent the account. The Portuguese Five per what will occur on t h e ot h er s id e o f th e A t l ant i c. left of 'ie hich o n the last settling-day we re a t 29 on ly, Sh ou ld M r . J au d on b e f orce d to stop payment, i t must 2 f . vr 41 , so-day a t 861 to 7 ; and the Three per Ce n t s , be apprehended that with a large amount of di s h onoure d 0 -41 °i ; Colombian have advanced during the ac- claims retu rne d f or recover y t o Phil a d e l p hi a an d f or rc:"..nt just terminated about 2l f per cent., the closing subsequent pay me nt i n E uro p e , an d a t erm i nat i on o f ari ces tieing 34+ to el ; Mexican left off at 29+ to s; the power of drawing on England and F rance , t h e B razilia n rema i n 78 to I ; D utch Two-and-Half per United States Bank will be driven to a suspension of Ce nts., 541 to i ; the Five per Cents., 104 to i- ; Bel- specie payments. Such a suspension forfeits legally the giau, 103 to i : ; Danish 7.5 to 6. charter. At the time of the last suspension, the reso rThe universal question in the city • has been, on lution to suspend was so general throughaus. the Union, eading the accounts from France of the non-acceptance and considered so inevitable, that an universal sufferance Y Messrs. Hottinguer and Co. of Bills to a large was sanctioned, and the forfeiture of the charter was not atMount drawn by the Bank of the United States : is enforced. But in the present case it is not certain that and tantamount to an entire suspension of payments, the suspension of the bank at Philadelphia, although it e r_i . what are the consequences to which it must lead ? must carry a great many with it, will involve the war t we entertain very decided opinions of our own on stoppage of all the banks throughout the States, and la': subject, will not be doubted after the various the whole question of banks and banking has now become t w o a i fling's given, and the various articles written relative so completely the subject of party contention, that the , m t, but being particularly desirous, on account of the continuance or the forfeiture of one charter will very immense interests at stake in this matter, to convey the much depend upon the majority in the Legislature of impressions upon it of the best commercial authorities Pennsylvania. Should the charter be continued future connectedhefi with the United States rather than our own profits may compensate the shareholders for present nally losvin of rst instance, we have taken the trouble perso- losses ; should it, on the other hand, be forfeited, a consulting several of them, and give the fol- liquidation must ensue, and though there may be ample h g as the .-- result • assets to protect the capital, yet those assets are of suc h their Som e dra ughts cor r wealth been of the United States Bank upon a nature that much time and discretion will be neces- Co., b aye e sPondent s in Paris, Messrs. Hottinguer and sary for their advantageous realization. Yet the evi ability, w bees_ e arb ,a, th, and honourable The well-known respect- dent policy of the shareholders in this country would , honourable character of the Paris appear to be to wait events at present prices, and not,. , acceptanceuubei ill any surmise that the resolution to refuse as is often the case in similar circumstances, to same. to without due the signature of the bank has been taken five their property under the influence of vague appre- or ill. w •„ ue he or been dictated by caprice hensions. " Upon the whole, therefore, the event, to the possi it _ lit to that institution ; nor on the other hand is B a n proof that Messrs. Hottinguer and Co. entertain bility of which we allude, however much it would be 1 3 °Y doubt s as to the solvency of the United States deplored, would not seem necessarily to involve a com- , coannek, or its ability to meet all its engagements. Their mercial crisis, or a great convulsion of property in this , t _ huct has probably been influenced a wish to adhere country.. ° limits which the bank has either knowingly or in " With respect to future transactions between the tenet exceeded, and by that Prudence and caution United . States and this country, it is evident that a check r t n n ich every independent mercantile establishment feels to the vicious system of the United States Bank will be th ecessary to exercise, unless it is prepared to allow a benefit to both countries, although it is to be desired tore to conclude that its prosperity and ex i s t ence that it could be applied in a gentler mode. Mr. Biddle entirely dependent on the fate of a foreign institu- is known to have considered the resumption of specie n, of which it is the correspondent. But it does not payments in the United States as premature. There is pnreeessarily follow, because Messrs. Hottinguer have at nothing in past events to prove the truth of that opinion, r ern e 7 nt refused to accept the bills, th a t su b sequen t but they prove undoubtedly that the resumption was ttances or advises from the United States may not accompanied by that curtailment of issues and en not induce them hereafter to honour them, least or at gagements which ought to have preceded and followed to pay them at their maturity, which will not occur it. He extended the system of credit in every direc for tee re days, or that some other parties may not inter- tion, as if determined that the resumption should not be t e r . e fo r the honour of the bank. Still less is it an in- permanent. The fault, therefore, is not that specie pay able consequence of the Paris transaction that the ments were resumed too early, but that banking facili ueseney i n Lond on of the United States' Bank• will b e ties have been extended too widely and rashly. able regularly to pay all the claims upon it, The " Trade will now resume its usual channels, prices late remittance of 200,000 sovereigns proves the will be regulated by supply and demand, the merchant anxiety of the bank to place in Mr. Jaudon's bands will be able to calculate, and the manufacturer will buy, ampl e means to liquidate his engagements as they fall both with the security that no great monopolist can at due, an d t h e rap id an d regular steam communication any time mar their operations, by forcing, either from with America both enables him to inform his employers caprice or necessity, his overwhelming supply on the of his wants as they occur, and facilitates their relief market. Any combination artificially to raise or depress ! speedy rem i ttances. There may, therefore, exist prices is not only unwise, but must fail in its object. b e diffi cu l t i es i n P ar i s, whilst all may Unless planters are disposed to act on the m prince of e . e smoothly an d regu l ar l y i n London ; but still it the Dutch, who destroyed a great portion of ipl their I c annot be doubted that the fact now announced, that spices to enhance the value of the remainder, the know the signature of the President of the United States Bank ledge of the existence of large supplies on either side of I ._ aB been dishonoured, is one which must be seriously in- the Atlantic, and that they must ultimately find their way furious to the credit of that establishment, and the to themarket,is sufficient to warn the manufacturer never PUb!i e will be led to inquire how it has happened th a t to buy beyond his pressing wants. We observe that our a banking institution, which but a few years back transatlantic friends entertain the idea that the manu enjoyed an unrivalled reputation, whose operations both facturers combine to keep down the prices of the raw ma at home and abroad inspired unlimited confidence, terial. Let them be assured that the manufacturers will Whose engagements were always met with the most be ready to pay any price for cotton if they can sell the Punctual exactitude, apparently from its own resour ces , manufactured articles at correspondiree rates to secure and not b y a s y s t em of renewing debts and postpo n i ng a profit ; but when it is notorious that during a great Payme n t, whose stock was 20 or 25 p er cent . above its' portion of this year twist was selling at rates whi c h l e ft present quotation, and which in 1836 was a bl e to b or- a l oss on t h e purc h ase o f cotton, the A mer i cans must I t tliv throu g h the firm in London which th en con d ucte d n o t accuse our C ont i nenta l customers o f com bi nat i on, Et s f a tleney a sum of 1,000,0001. sterling i n th e course o f and th e y w ill un d erstan d t h at t h e agreement amongst t lr ls? days, should in so short a time have placed its masters to work short time was in order to adopt an all ,_°Pean account in such a position, that bY exceeding uniform conduct towards the operatives, and to place oi j eeas ona bi e li m i ts o f credit, it should have forced its the poorer manufacturer on the same footing with the 'u and faithf u l agents and correspondents into their richest capitalist. Present painful predicament. " Equally groundless is the idea that the Bank of "To intelligent observers who have watched the one- England made war against the cotton prices. It raised ration of the United St a t es Bank for y the l ast few years, (whether wisely or not) the rate , of discount rapidly and t hel , obvious answer will natur a lly occur, that, departing s ; largely to protect its own coffers from the continued from th e l eg iti mate province of banking, it has constr. drain of bullion ; that rise of course affected the prices tuted itself a great trading and speculatin g corporation, of all articles which were not maintained by a scarcity and that, entering u p on a fi e ld of operati ons too v as t of supplies ; but the Bank might as well be accused of for its own capital, great even as that is, it has con- a desire to force prices up in December, when it in tinued to tr a d e a nd speculate upon credit, until it fi n ds creased its facilities and made money so a bundant, as itself encum b ere d w i t h a l arg e mass o f s t oc k s and Sc- of a wish by its conduct this year to force down cotton. euritie s o f a ll ki n d s, an d a l arge quan ti ty o f co tt on , th e " Another advantage will arise from a check to the realization European money mar k e t s , but upon the advantageous has lately acted al a hotbed to foster every mushroom "le o f which it had implicitly relied t o mee t a ll scheme, and has advanced money on every loan, relying on the European market to realize the securities. b By 'ft'B engagements abroad, and supply adequate funds tut!' its banking operations at home. Forgetting such injudicious advances works have been t e un be too fi ' l i , t credit, however bright, and however power- rapidly, and on too large a scale, and loans have :n issued against every principle of prudence and credit. „' may be tarnished and worn away by constant and to —t ensire use, the United States Bank has relied on the The market has been consequently glutted with all sorts an a fie of its name to stamp with value every hit of paper, of American securities. Those unlimited issues will b orro w' h thought it an easy and a prosperous game to now cease. Loans will not be authorizsd without some cotoe as mu c h money in Europe at low rates as it regard to the demand. The • United States Bank can i n "‘" a eon gregate , a nd to employ it in the United States no longer speculate in them. ' h ellrect purchases of stocks, and of cotton, or in ad- " But we must not think that what was sound and van e's upon suc h securiti es , from which it contemplated good will be made worthless by the difficulties of this 4. rich harvest of high rates of interest, little thinkin g institution. The fall of a bank cannot prostrate a na tnat the time would come when the money mi g ht b e d e - tion—a few protested bills will not paralyze the mended in Europe, whilst neither the stocks nor the energies of an active and industrious popula- Cotton might be wanted, tion, nor sink the resources of a growing and favoured "It is immaterial to consider whether the money was country. Schemes will be checked, prudence will employed in pur c h ases or i n a d vances ; when its recovery be bought —other banks will be deterred from running depends upon the sale of the commodities, the invest- the same course, if not by their own foresight, by the intent i s almost equally dangerous, and equally opposed caution of their customers ; but America will still sell t,.0 sou n d b an ki ng pr i nc i p l es. Mr. Biddle has shown to us and buy of us, both countries will continue to be hi mself a m an o f grea t a bili ty an d great resource in mutually enriched, and England will continue to invest as er gene i„ , b ut h a h as ev i dently exaggerated his power ivith discrimination a portion of its surplus wealth and rr well as m i sta k en hi s d uty. H e has supposed, perhaps annual savings in the securities of the United States, pl c patriotic' mo ti ves an d nat i ona l f eel i ngs, that he was because nowhere else can it, find a better g uaran t ee f or ,Piaeed in a position where he must by advances furnish safety than in the national character, the purposes for "-Inds to the planters, agriculturists, and producers of the which the loans arc crea:ed, and in the gradual deve- Frea.t stapl e of the United Statee, and at the same time lopment of the rssource; of that country." furnish the means to states and companies for all their In the preceding summary of City opinions on one _ o p l ans of internal improvement. These advances natural(y of the most momentous questions ever agitated there, c,_ av , ey e d to him the control both of the cotton and the there arc some which we consider too guarded, and __°en t as of states and corporations, and, whether willingly or others too free, an inference from the present state of I, necessarily involved the bank in an attempt at a the affairs of the United States Bank. It will be . m onopoly of th e produ ce and of the loans and money collected from them, .however, that the cautions transactions of the United States. That such was his given from time to time under this head, respecting . toe may be clearly seen by his declaration in a letter the management of that institution, fostered and landi Adams, that he had sent Mr. Jaudon to Eng- esteemed in this country beyond all foreign banks that f to protect the commerce and maintain the credit ever existed, have been but too well founded. Its im 'l'l the States. The result, will, we fear, show that he provident support of other banks, whose connection has aS unhinged the trade in cotton, lowered the prices of next to certain ruin ; its unprincipled intrigues for lay ." American securities, and seriously damaged the in- ing the money-market of London under contribution ; t w e . r .ests of the bank itself. Whether- the bank can or an I, above all, its speculations in cotton, tending t o dill revert to sound principles must now be a matter of undermine the manufacturing interest of the whole w nt.. It i s evid en t th a t it has entered a path from kingdom, are here clearly exposed and made manifest. o , leh it will require a considerable time to extricate it- It will be some consolation, for the word " triumph" is 8 "; and it is probably that difficulty which has im- not to be used in connection with such a catastrophe, P s e, l ded th e retransfer of the avency to the London firm that the warnings put forth have not been wholly disre wi ich formerly had charge of it, an d w hi c h it was cur- yarded, and that number; have been induced by them rently reported som e time back was about to resume it. to withdraw their confidence from the United States '4 'te .t rnay b e surm i se d t h at that firm s ti pu l ate d certa i n li m i. B an k, a t a ti me w h en it s cre dit was nowhere else pub -lons o f credit and facilitie s to which the bank is licly called in question. Those who have slighted them, l airs, or unw illi ng, in the existine state el its al- or imagined them to proceed from improper motives, will immedi a t e l y to concede ; for it must be now learn their error. r emembered th a t whilst Mr. Jaud on , as a mere The advice to those who are holders of the stock agent, his employers, e nt, had only t o o b ey t h e orders of ' of the United States' Bank, not to sacrifice their !ay independent m ercant il e or banking establishment property under a panic feeling that all is now lost, Must l oo k to the general effect of the operation s of its seems to be rather surperfluous. They must, clearly, Corre s p on d en t s on its credit, its business, and its en- await the issue in quiet submission , as sales of the gagem en t s . The publi c seem rather to have lost sight stock to a large amount must be impracticable, al- Of the guarantee secured, whilst the agency was vested m os t a t an y sacrifice. As the lesser of two evils, ','",' a well-k no wn house engaged i n general busine ss , t h at t h ere f ore, they have on l y t o h o ld on, an d so f ar t h e Lane debt s o f th e United States Bank in England would advice offered is good. Mr. Biddle's resignation, the b e confi ne d to certain limits,' and would not be motives for which can be no longer doubtful, is now e xtended t o an undefined amount. H a d a second explained, and perhaps it is unfortunate for the stock '''. Ja u d on b ee n established 'at P ar i s , t h ere is holders that he has abandoned the helm in such an t n o do u b t t h at t h ere wou ld h ave b een no li m i t to his emergency. Hemay escape (though even that is now e.ce Dtances ; but it is equally certain that there wo u ld h ar dl y to be looked for) the obloquy attendant on u i 4ve been an i ncreas e of danger to all interested i n t h e t h e existing difficulties of the Bank; but how the in nited States Bank. terests of all concerned are to be protected by a board. m``Anoth er quest i on w hi c h it wo uld b e idl e t o at - of directors new to its duties, in the midst of such a 'Pts-to blink, because it must force itself upon the crisis, is utterly past comprehension. It is not meant I '4 of every one concerned, is this :—Should the oc- to aver that his exertions could save them, crnuerrence in Paris force the agent in London to stop pay- out them the case seems all but hopeless. If no nt, what would he the result in this country and the great mercantile firm has ever sustained such a shock but with united States? Our belief is that its immediate and as this to its credit, there is no reason why a bank, with m_ vitable effect here would not be so disastrous as all the aid of its board of directors and large capital, ight he on first consideration supposed. The liabili- should fare any better. 'l: of the United States Bank, in which the different every nerve to avert such aTchaelyarnirat calamity ; s t but have not strained having acceptances c lasses of society in this country are iuterested, are the succeeded . in doing so, there is but one safe conclusion, t, of Mr. Jaudon, of bills drawn by the Bank, 1 which i s , th a t their power and means had already been We doubt very much the soundness of the opinion his post-notes of the Bank payable at his office without tried to the utmost. There is, and the United States Bank shares. haerc_usritiesd b o a u v ls e t doubtless, amount of running l • for which prevalent in the higher commercial circles, and above loans of confidence, hYpothecated but as it may be quoted, as to the future establishment umed that the lenders have taken sufficient care to should the event anticipated be actually realized, in ha v e their l adequately icipated in that quarter in any t _loans a coveredevent, no loss can be an- American Securities of any descriptio n , and the effect to be anticipated from continued distrust upon the com t . (11, 1 Tile ,l „.„ l , t ,; hee , of mi., jatldon rn,,..,,, !,e , J , ,, , ,i i , J ~, a eel intercourse het seeen !he two le,...,(l,guirtsoliietsb elsrotosot ra.,1!.5 a ra by th e 11.-:Pk ' ;`,', ( I Ye .sighl, and therefore • ' t ureen this and the end of N in„. 1 ,,,,, ~ ~. , „-, . ~_ ,-, !!(-, contemplated without lee giadually falling ' due be- I anxious kind. ovember. These will be in It has been currently stated in the City that some of "liss......_____z • V ENING EDITION. the bills of the United States Bank, to which the ac ceptance of Messrs. nottinguer and Co. was refused, have been taken up by other houses for honour of other parties, whose names were on the bills, but this effects nothing for the credit of the bank. It was even said that acceptors had come forvi'ard on behalf of the bank with the view of securing the future agency in Paris, but this at present remains very doubtful. THE LATE LADY FLORA HAST- INGS. (Continued from The Sbn of Yesterday.) FURTHER CORRESPONDENCE BETWEEN THE MARQUIS OF HASTINGS AND LORD MELBOURNE. We are authorised by Lord Hastings to publish the fol lowing correspondence between himself and Lord Mel: bourne, relating to the tone adopted by the latter in his final reply to the Dowager Lady Hastings:— SECOND CORRESPONDENCE BE THE MARQUIS OF HASTINGS AND LORD MELBOURNE. TO VISCOUNT MELBOURNE. CHRONlCLE.—Considerable sensation has been created in the City this morning, especially among per sons interested in or connected with American matters, by the intelligence from Paris of the refusal of Messrs. Hottinguer and Co. to accept a large amount of bills drawn on them by the Bank of the United States. We find that this unexpected intelligence is perfectly correct, and that the quantity of paper refused amounts to nearly 7,000,000 francs. Beyond the mere fact, however, we know nothing ; and therefore shall refrain from entering into any comment until we are in possession of the causes which have led to this strange occurrence. It is ne cessary to state, however, that the transaction in ques tion was wholly apart from the London agency of the United States Bank, the gentlemen attached to which are in as much ignorance as any body else as to the origin of this affair. Mr. Jaudon, the agent here, set off for Paris on Friday last, as soon as he received intelligence of what had occurred ; and we be lieve it will be found that be has gone quite prepared to liquidate the bills in question, and to remove the un easiness which must necessarily exist in the French ca pital. It is also important to state, lest unnecessary alarm should continue here, that the amount of gold received by ➢lr. Jaudon from the United States by the two last packets is of itself nearly sufficient to cancel the bills refused acceptance by Messrs. Hottinguer. We shall of course not fail to furnish all the particulars of this transaction with as little delay as possible. We avail ourselves of this opportunity to mention that we are authorized by the agency of the United States Bank to give a most unqualified contradiction to the assertion of the Times, that assistance had been rendered to 6lr. Jaudon, either directly or indirectly, by the Bank of England, and that there has not even been any trans action between the two establishments, further than the sale by the former to the latter of the gold just arrived from New York. " Burlington ilott.l,june 19, 1839. "My Lord,—l have allowed the interval which has elapsed since the date of my last communication with your Lordship to pass, in the expectation that a sense of justice towards Lady Fiora Hastings would have led to a reversal of the decision that no satisfactory apology or atonement should be made for the cruel insult which had been offered to her feelings and honour, and, through her, to the honour of her family. " I have abandoned the hope of this act of justice with regret, because I have felt that it is impossible for me un der existing circumstances to take any steps public) , to enforce it, nor can I make any one personally responsible to myself for the outrage of my sister. " But, my Lord, your Lordship's letter of the 17th of March, to my mother, Lady Hastings, is of a different character; _ 6' That letter I have a right to consider as of a private nature ; and I have only been deterred from requiring you to make an apology to the Dy:vager Lady Hastings for the offensive and insulting terms in which it is couched by the consideration that if I bad done so at an earlier date I might thereby have precluded the possibility cf that ample and public reparation being offered to my sister which I had a right to expect, and that' my demand for an expla nation of the language in your private letter to Lady Has tings might have been misrepresented, and erroneously considered as applying to those letters which were written by her Majesty's command. " This difficulty has now ceased ; these considerations are no longer applicable ; and I have now only to require your Lordship to offer such an apology to my mother, Lady Hastings, for the language in which you have ad dressed her in your letter of the 17th of March, as will be satisfactory to her feelings, and be such as I, consistently with my own honour and duty, can advise my mother to receive. " Lord Rosslyn, who will deliver this letter to you, is fully in possession of my sentiments upon this very painful subject, and has undertaken to receive and carry to me any communication which you may do me the honour to make to me. " I have the honour to be, &c., (Signed) " HASTINGS. " To the Viscount Melbourne, &c., South-street." POST.—The important information received yes terday from Havre and Paris relative to certain drafts of the United States Bank, and of which the details were given in the Morning Post of this day, has been the all-absorbing subject of discussion in the City ; for, although the operations of the establishment in question have not been so extensive as they are gene rally supposed to have been, they are, nevertheless, of a nature to render it impossible but that a great number of persons should be more or less impli cated in them. It was reported during the day that advices had been received from Paris, stating that arrangements had already been made w i t h t h e holders of th e dishonoured drafts, and that no fur ther difficulty existed. We rather apprehend, how ever, if anything has been done, which is more than probable, it must have been in behalf of the in dorsers. The dishonoured paper is understood to have passed through this Market, the proceeds being appro priated, it may be supposed, to the discharge of some portion of the post-notes issued from time to time by the United States Bank. Among these indorsers the names of some of the most eminent houses in London have been mentioned to us, and of course immediate ac ceptance would be given to their remittances. We much doubt whether any acceptance has been given for honour of the drawer—the United States Bank itself. The London agent, Mr. Jaudon, is understood to have proceeded to Paris since yesterday. The object of his journey is so obvious that it would be needless for us to do more than merely notice the fact. The amount .of drafts for which provision has to be made by him in the French cities is not near so large as it has been represented to be. It is believed not to exceed seven millions of francs, or 280,0001. sterling. With so large a capital as that possessed by the United States Bank, it is a matter of very great surprise that the Di rectors should not have acted with more prudence than they seem to have done. The statement that they have been speculating deeply in cotton which has been made, and repeated over and over again, cannot be substan tiated. We rather think advances were at one time made by them to the planters and shippers of the staple, but this would have been but to a moderate and safe extent, and on the delivery of bills of lading, for the property advanced upon by way of collate ral security for their reimbursement. The charge made against the Directors of having themselves been actually dealing in the article we do not at all credit. The accumulation by them of an undue amount of State and other American securities seems to have led to the unpleasant result of the sub ject of which we are writing—the dishonour of their drafts in Europe. The English agent is notoriously incumliered with an amazing mass of these interests, and the Bank of England having found it necessary to have recourse to ultra measures for the regulation of the exchanges, there is, as we have before re marked, no longer any sale for them in our markets. It is quite a mistake to suppose that the Directors of the Bank of En_ land have borne a feeling of hosti lity against the Bank of the United States. This is nothing more than one of the many chimeras which have been conjured up in the imagination of our worthy contemporary of the Times, with regard to banks, but which, he may be assured, has no better foundation then bad his statement of Thursday or Friday last about an advance of money having been made to Mr. Jaudon by the Bank of England. 'We quite agree in all our con temporary says about the inundating of the London market with American shares and stocks. The system is a most objectionable one, and we shall be quite as well pleased as he can be to see to see an entire stop put to it. The American States ought to abstain from entering upon great undertakings, such as railways and canals, if they are unable to pay for them by means of local taxation, and to this it will come sooner or later. It is fortunate that the protesting of the drafts of the United States Bank should have occurred in France, rather than in this country, inasmuch as, in the present sensi tive state of our money market, such an event migl,t, and doubtless would, have been attended with very seri ous consequences. We learn that the Directors had themselves undertaken to provide for their bills to a certain extent by the transmission of specie. Some amount has accordingly come forward by recent arrivals ; but not by any means sufficient to meet the entire of their engagements on this side of the water. VISCOUNT MELBOURNE TO THE MARQUIS OF HASTINGS. " South-street, June 20, 1839. _ "My Lord,—l beg leave to acknowledge your Lori ship's letter, which I received yesterday evening from Lord Rosslyn. " The greater part of that communication I pass by as irrelevant and immaterial. " The reasons which have induced your Lordship so lout to delay the demand which you now make, are. for your Lordship's consideration, and not for mine. " Notwithstanding the peremptory language which your Lordship thinks proper to employ , if I could either feel or be convinced that my letter of the 17th of March last, ad.. dressed to the Marchioness Dowager of Hastings, was couched, as your Lordship expresses it, in offensive and insulting terms, I should be not only ready but anxious and eager to offer every reparation in my power. Yuur Lordship demands that a satisfactory apology should be made to the Marchioness Dowager of Hastings for the language in which I have addressed her Ladyship in my letter of the 17th of March. If any expression can be pointed out, which is disrespectful, I am ready at once to retract it ; but with respoct to the substance, meaning, and import of that letter, I thought it my duty to write it, and I am prepared to abide by and sustain it. " I have the honour to remain, my Lord, " Your Lordship's faithful and obedient servant, ( Signed) " MELBOURNE. " To the Marquis of Hastings, &c. THE MARQUIS OF HASTINGS TO VISCOUNT MELBOURNE. " Grosvenor-place, June 20, 1839. "My Lo; d,—l have the honour to acknowledge the re ceipt of your Lordship's letter of this date, delivered to me by Lord Rosslyn. " I will admit that your Lordship is the best judge of the propriety and expediency of the substance and im port' of the letter which you thought it your duty to write, and I cannot believe that you could entertain any deliberate meaning' to convey offence and insult to a lady. " But I must be permitted to repeat that the language of the latter part of your letter, of the 17th of March, to the Marchioness Dowager of Hastings, has been consi dered so offensive in its general tone, and has unavoidably been so painful to the feelings of my mother, that I felt it to be my imperative duty to call your attention to it, and I have done so in the full confidence and expectation that you will not hesitate to offer to the Marchioness Dowager of Hastings the only reparation in your power, by retracting the language complained of, or distinctly ex plaining that the expressions which have been so deeply wounding to the feelings of my mother were made use of with no intention to offend. " I have the honour to be, &c., (Signed) " HASTINGS. " To the Viscount Melbourne." VISCOUNT MELBOURNE TO THE MARQUIS OF HASTINGS. •• South-street, June 20, 1839. g. m y Lord,—l have the honour of acknowledging your Lordship's letter of this day. " Your Lordship has nut pointed out the precise expres sions in my letter which your Lordship conFiders to have been offensive, nor have you stated the reason why you so consider them. If I were to retract these expressions without substi tuting others I should leave my meaning imperfect ; and I Protest I know not where to find terms, which, in my opinion, would be less liable to objection than those which I have employed. But the second alternative which your Lordship pro poses to me I embrace without difficulty or hesitation, and I request your Lordship to assure the Marchioness Dowager of Hastings that nothing was further from my intention than to offer her Ladyship any offence, or to treat her Ladyship otherwise than with the respect due to her station, rank, and character, and more particularly due to the painful circumstances under which tbatscrrespondence took place. ."I have the honour to remain, my Lord, " Your Lordship's faithful and obedient servant, • ( Signed) " MELBOURNE. " To the Marquis of Hastings, &c. &c. &e." THE MARQUIS OF lIASTINGS TO VISCOUNT MELBOURNE. " Grosvenor-place, June 21, 1839. " My Lord— I have to acknowledge the receipt of sour second letter of yesterday. " Whilst }our Lordship adheres to the language of your letter of the 17th of March, you req u est me to express to the Marchioness Dowager of Hastings that it was not your intention to offer to her Ladyship any offence, or to treat her with the slightest disrespect. " I shall immediately communicate your Lordship's ex planation to my mother, to whom, I trust, it will be satis factory ; at the same time I cannot but regret that in ad dressing the Marchioness Dowager of Hastings, your Lordship should have made use of terms and expressions Which, without the assurance you have now afforded me that no disrespect or offence was contemplated, would, in nay opinion, and in that of all whom I 'nave consulted, justly warrant the opposite conclusion. " I have the honour to be your Lordship's, &C., ( Signed) " HASTINGS. " To the Viscount Melbourne, &c. &c. &c." VISCOUNT MELBOURNE TO THE MARQUIS OF HASTINGS. RECOLLECTIONS OF BOYHOOD. There stands the pear-tree, no temptation now, And lo the filbert, still with drooping bough; There blooms the laurel hedge, scholastic bounds ; The mud-pond, too, was gazed on in his rounds: All were to him fond memories. Where were they, Friends of his youth companions of a day ! Some he still knew, arid years had but entwined In firmer bond the heart, the taste, the mind : Some at a distance he had seldom seen ; And some there were as if they'd never been A few had finished early their career, Had reached that " bourne whence none rcturneth here :" And one there was whose still lamented doom, Those scenes recall'd—around a brother's tomb I There is no period of human existence, I am inclined to think, so forcibly or so indelibly stamped on the recollec tion at a later stage of life than our early scholastic days — none, I am quite sure, to which memory can in general look back with less real alloy.—Old Sporting Magazine for September. " Downing street, June 21, 1839. "My Lord,—l have the honour of acknowledging your Lordship's letter of this day, " And remain, my Lord, " Your Lordship's faithful servant. • (Signed) " MELBOURNE." " The Marquis of Hastings, &c. &c. &e." [The matter is concluded by three letters : the first, from Lady Flora Hastings to Hamilton -Fitzgerald, Esq. ; the thecond, from the Marquis of Tavistock to the Editor of the Morning Chronicle; and the third from Lord Portman to tibe Editor of the Times; which having very recently ap- Oeared in The Sun, it is not necessary to reprint them.) ; DRAYTON HOUSE.—The magnificent fete in iended to be given by Sir Robert and Lady Peel on Fri• day next is postponed, owing to the measles having broken i:iut among the children. All the necessary arrangements Were to have commenced to-day. Their Royal High. iiesses the Duke and Duchess of Cambridge and Princess Augusta were expected to arrive on a visit on Thursday. The grand saloon has been superbly fitted up for the occa- Fion, arid in the banquetting-room three hundred persons were to have sat down to a hot supper of a very superior description. INLAND SEAS OF SOUTH A USTRALIA.-- Since the establishment of the colony , a na vigable inlet has been found to Lake Alexandri ne, a lar g e inland sea situated within the assigned limits o f the province ; an d i t pas, moreover, been discovered that the Murray river, the only river of any magnitude which has yet been met with in New Holland, discharges its waters Into this lake or ;inland sea. The prospect of a large extent of inland nevi. ! gation is thus opened to the c olonists : and so important are the advantages anticipated f rom this discovery, !many of the purchasers of land orders have declinecl to tt - ;lect sections in the district of Adelaide, choosi ng rather to :wait until some of the lands on thela h k ro e n a ic ti l d along th e r i. e. ver have been surveyed.—lllenth/y c A greater delusion than the much-vaunted Naval !and Military Commission cannot be conceived. After a year of laborious trifling nothing has been done, nor is any thing of the slightest importance likely to be the, result of its deliberations. The army and navy have been amused from time to time by accounts of the regularity of its sit tings, and the anxiety of its members to do justice to those branches of the service which they professed to represent. The parturient mountain seems doomed to bring forth only a ridiculous mouse. In fact, if we are to place any faith in the rumours which have transpired from time to time on the subject, the Commission would seem to have been formed, less with the view of conceding tardy justice to the army at large, than to get rid of the claims of the Royal Marine corps after Parliament had declared in their favour. The report was, we have reason to believe, com pleted before the termination of the session, but will not be promulgated before the early part of next year. Why the feelings of the United Service should be thus trifled with, and the anxiety which is so generally felt upon the subject so cruelly disregarded, it is difficult to conceive. If the Commission he really of opinion ti• , t tl-:e take plac e , triiiine it may be) which they. bay p. d they must surely feel that it cannot take place too soon.— United Service Gazette. THE SUN. LON.oolir TUESDAY SEPTEMBIAM l7, 1839. UNIVERSITY INTELLIGENCE. Royal ll twoiglin o'clock,esstlie Dukeasdoidf Cambridge xFD a S rr E i r v T ed . I ht — re li to i - s day, about also the Duke of Wellington ( Chancellor of th e Univer sity); they first visited the Warden of All Souls, and after ward: inspected the Bodleian Library, the Sheldonian Theatre, Christ Church, Magdalen College, the Clarendon Printing.office, and a few other objects. The day being very wet, they were confined to the use of their carriages. Most of the Heads of the University are at this season .ab sent from their Colleges. The Rev. Henry A. S. Attwoo4, of Queen's College, has been presented by the Lord Bishop of Gloucester and Bristol to the Vicarage of Ashelwortb, Gloucestershire. Mr. W. A Yeo, patron of the Rectory of Bittadon, De vonshire, has presented the Rev. Arthur Dene, of Exeter College to the same. The Lord Bishop of Gloucester and Bristol bas insti tuted the Rev. S. G. Bourke, of St. Mary Hall, to the Rectory of Hatberop, Gloucestershire, to which he was presented by Lord de Mauley. We understand that intelligence of Lord Lauder dale's death arrived in town yesterday morning ; which event took place suddenly at Thirlestone. By his Lord ship's demise a green riband becomes vacant. His Lord ship's political course was a marked one ; but for the last few years he had ceased to take any very active part in public affairs. To the latest, however, he " managed" the elections of the Scotch Representative Peers. He is suc ceeded in his titles by Viscount Maitland, who was born in 1784. The late Peer was in his 81st year. EARTHQUAKE AT BRISTOL.--A very smart shock of an earthquake was felt in Bristol and neighbour- i hood about one o'clock on Monday morning. The sensa tion was more particularly observed about Kingsdon, and t we have been told of several parties who felt their beds rock under them, and doors were thrown open, crockery displaced, and unusual noises heard. The shock was also felt on the other side of the water in Newport, Cardiff, and other places in South Wales.—Cheltenham Chronicle. NEW MEAL,.—We had yesterday the pleasure of seeing a sample of new oatmeal in the hands of Mr. James Hamilton, grocer. It was grown in the parish of Kirkoswald, Ayrshire. The produce is 22 pecks the Ayrshire boll, which is allowed to be a very fair average. Paislcy Advertiser of Saturday. Ali apple tree in the garden of Mr. John Led.ett, draper and grocer, of Caistor, is now exhibiting the unusual appearance of an abundant blossom round the lateral branches, and the extreme spiral ones having fruit growing thereon in a state fit for the table.---Lincoln Mercury. Seven thousand two hundred . and thirty pas- 1 en.ors have travelled on the iiimitigharn and Derby Junction Railway without the occurrenc e of the slightest accident. BIRMINGHAM RIOTS. WEDNESDAY. The examination of witnesses was resumed this day. In the absence of Mr. Alderman Sturge, Mr. Coun cillor Clowes was called to the Chair. Samuel Baggot, of Green -street, Deritend, brass -4 founder, examined :—I work for Messrs. Stock and Sharpe, in Temple-street, and have a wife and four chil dren. I usually-left work at seven o'clock in the evening, and passed down High -street and the Bull-zing in my way home. I have on these occasions seen the people collecting round Nelson's Monument to hear the news papers read ; they were always quiet, and the thorough fare was free. When coming to my work from dinner, I saw on one or two occasions, prior to the arrival of the London police, a considerable crowd round the Mo nument, consisting of 500 or 600 persons. They were waiting for the reader coming ; they w ere per fectly q u i et on t h ese occas i ons . The numbers on the footpath on the Market Hall side of High -street was such as to occasion passengers to cross over to get past. The crowd offered no insult to passengers. I did not observe any meeting in the middle of the day after the London police came, and those held in the evening were much less numerous, sometimes under a score of persons. I did not pass up or down the Bullring on the jaight of the fire. On the following morning, the 15th of July, I was coming up Digbeth to my work, about nine o'clock, when at the corner of Park-street, I saw the soldiers and police there stationed, who pre vented any one passing up the Bull-ring. 1 went .along St. Martin's-lane, and when I arrived at the cor ner of Jamaica-row and Edgbaston-street, I asked one of the London pollee, who was there standing, if I could pass up Spiceall-street, he asked me " where I wanted to go." I said, "to my work ;" and he asked, " where do you work ?" I told him in Temple street ; he then said. " go along Edgbaston-street, and you will be safe." I accordingly went, but had not proceeded many yards, when, at the corner of Glouces ter-street, three of the London police issued out of Gloucester -street, one of them knocked me down with his staff. I was at the time walking quickly along. Neither o f th e p o li cemen sa id any thing to me beforel received the blow, nor Ito them. There was no crowd or disturbance in the street or near it, and nothing more than the ordinary traffic going on. Just as I was get tiug up again, one of the other policemen, whose num ber I observed to be 74, struck me with his staff upon the shoulder several times, the blows fractured the bone, and severely bruised my back. I was also struck whilst on the ground. They then left me, without saying a word to me from first to last, I was too badly hurt to speak to them. Some women came and helped me up, and I went home. Mr. Cox, surgeon, attended me, and lam now under his hands. I have not been able to do any work since, and am not now able to lift up my arm. Mr. Cox says it will be a long time before I can use it, if ever. I went to the Public Office on the following Thursday, to make a complaint to the Magistrates. Whilst I wa s wait ing, a man came into the office to snake a similar com plaint, his arm was in a sling, and he said it had been broken by the police on the night of the fire, at the bottom of Moor-street. Some of the Birmingham street keepers, who were at the office doors, said he had no business there that night, and it was well it was no worse. Another man was in attendance with a like complaint, but we all concluded, after what we had heard from the street-keepers, that it would he of no use to state our cases to the Magistrates, and so left the office with out doing so. I never attended any of the Bull-ring or Holloway-head meetings. . Samuel Spragg, of No. 4, Islington, examined.—l am warehouseman to Mr. John Cornforth, of Dart mouth-street, wiremaker. On the night of the 15th of July I left the warehouse about half-past eight, and went round by Great Barr-street to pay some money to my club. I left there at half-past nine, and pro ceeded up Digbeth in my road home. When about the end of Park-street I could see the fires in Nigh-street, and there appeared to be about three hundred or four hundred people between Park-street and the fires. It was now about a quarter to ten. To avoid the crowd I passed along St. Martin's-lane, instead of going up the Bull-ring. When at the corner of Jamaica-row I saw many persons opposite Mr. Scudamore's, throw ing brick ends, stones; and pieces of iron railing at Mr. Scudamore's house. Fearing to proceed further in that direction, I turned back, with the intention of going down Moat-lane, and so by way of Smithfi e ld. Wh en I got as far as e Horseshoe-gateway, in St. Martin's lane, I was met by a party of the Dragoons and Rifle men, with some of the London police is their rear. I stepped back into the gateway to avoid them, and get out of danger. The soldiers passed. When the police approached, three of them came into the gateway, and one of them struck me upon the head with his cutlass. The blow stunned me and knocked me down. My hat was cut through, and a wound about two inches long was inflicted upon my head, which bled co piously. Whilst down I was also struck several times; one blow from a cutlass cut my hand near the wrist, and broke the bone. I also received a blow of some kind upon my belly, which caused an abscess, which my surgeon, Mr. Sanders, says may be the occasion of a rupture, unless I wear a truss. I was also severely bruised upon my back, from my shoulder to my loins, and upon my right arm. I have not been able to do any work since, and am still under the surgeon's care. I did not say a word to the police before I was struck, nor they to me. I have not complained to the Magis trates, as I conceived it would be of no use. I never attended any public meeting of any sort in my life. THURSDAY. The Committee resumed this morning, Alderman Sturge in the Chair. The following witnesses were examined : John Andrews, of No. 4 Court, 4 house, Blucher street, painter and glazier, examined—On the night of Monday, the Bth of July, I was come home from work, and had had my supper. I was standing at my entry end, between nine and ten o'clock, in my shirt slecoves, and without my hat. My neighbour, James Smith's daugh ter, a girl about 14, was also standing at the entry end. Some one said there were policemen coming down the street. I looked up, and saw two London policemen at the corner of the street. They came up to the entry end, where myself, James Smith and his daughter, and a little boy named Stringer, were standing. One of the police men stepped off the footpath into the horse road, and said, " Seventh section, stop here and charge," and im mediately sprang forward, and struck me with his staff upon my forehead, inflicting a wound.—[The scar of which the witness pointed out.l--Nenher I, nor those in my company had spoken a word, nor the policemen to us, before the blow was struck. I fell down nearly senseless in the entry, and was again struck upon the right arm, which made me groan. I should think there never was such a bruise ; and had the blow been across the arm it must have broken it. I felt some one trying to pick me up, and. heard several blows given to the person who was so assist ing me. I was then left by myself, and heard the policemen go away without saying a word. At the time the policemen came up, the street was perfectly quiet, and no one about except those I have described. There had been no disturbance in the street during the day. The policemen gave us no warning before the blow was struck. I heard that a meeting had been held that evening at Holloway-head, and that two sol diers had rode up the street about a quarter of an hour or twenty minutes before I saw the policemen. I never attended any of the Bull-ring meetings, and only one at Holloway-head, which was long before the London police came. I did not complain to the Magistrates, as the town was in such a state of excitement I thought it would be of no use. The policemen appeared sober. Thomas Milns, of Coventry-street, shoemaker, ex amined—On Monday the Bth of July, I had attended a Prayer meeting in Allison-street, connected with Carr's Lane Chapel. Mr. Clay, the Carr's Lane missionary, and Mr. Freeth were present. I left there about ten minutes past nine at night. I and my family supped at hom e about ten o'clock, after which I read a chapter in the Bible. I had just finished, when I heard a noise in the entry. I opened my door, which opens into the yard, and saw two or three of the London police turning round to go down the entry. They turned back, and insisted on my going in and fastening .the door. I said, " My house is my own, and I will not, till my son comes in, and then I will close it." They said something which I took to be offensive, and I said, " It's pretty work that people can't be quiet in their own houses," and added, " I have molested no one." Upon this, my son, who is about nineteen, came across the yard, and at the same time an additional body of policemen came running up the entry. They came up to my door, which I hastily closed from within, my son having come in. The policemen pushed violently at the door, and I opened it. They entered, and went across the house to my son, whom they struck with their staffs upon the head, in three places. The blood flowed from the wounds. I ran a few steps up stairs. The police dragged me down and insisted upon my going with them, cursing and swearing at me, saying they would make me remember. 1 asked them what I had done. They did not answer me, but kept hold of me. My wife put her hand upon the shoulder of one of the policemen and beg g ed they would not strike me, as I was a poor afflicte creature ; whereupon the same policeman lilted his sword as if to strike my wife. She then took her hand off him, and he sheathed his sword. They then dragged me and my son out of the house, and took us to the Public Office. Two Magis trates came and asked what was the charge against me ? One of the police, who had been in my house, said " I had been in the street with a poker," or words to that effect ; but no evidence was given to prove this. I denied it, and related to the Magistrates how I had spent the evening. The Magistrates then asked for the charge against my son ; to which a policeman replied, " He was with his father." The Magistrates seeing my son's head bleeding, asked what was the occasion of it? to which he replied, " they (meaning the police) have struck me in my' father's house ;" and I corroborated it. The Magistrates asked if he 11,1 Inolested the police? and we both replied that we had not. We were both discharged, after entering . into our recognizances to keep the peace ; but I told the Magistrates I would thank them to tell me wherein I bad broken it. Before the blows were struck in my house, the po?ice did not call upon me, or my son, to surrender, or attempt to apprehend us, nor (lid they make any charge against us. It would have been an easy matter to have apprehended us without striking any blows. The street, the entry, and the court in which I live, was perf_ctly quiet at the time, and bad not been disturbed during the day. In going to the police-office, one of the officers said, " We will make you remember the poker." I told them I did not know what they meant, for I had not used a poker at all, but we shoal see. George Milos examined—l am the son of the last witness. My father's testimony, so far as I am ac quainted with the circumstances, is correct. I came home about ten o'clock on the night in question. The policemen had not then been. After remaining at borne a short time I went to a neighbour's house of the name of Village, in the yard, and was returning from thence to my father's, when I saw three or four policemen coming up the entry in pursuit of a man whom I had seen just previously run up the entry. He was a stranger. I suppose he made his es• cape, as there are several ways out of the court. I went into the neighbour's house again, and shut the door ; but immediately after went out again, at the eqoest of Mrs. Villcge, to look for her husband, when I saw the policemen going down the entry. When they saw or heard me, they returned ; and that hap pened which has been described by my father. I never spoke to the police, nor they to me, till I was struck by them. I should have surrendered in a minute had they called upon me to do so. My head bled very much (witness showed the scars) and I was not abl e to .work for three or four days after. I never used a poker that night. FRIDAY. Alderman STURGE, in taking the chair this day, said, he deemed it right to state, that Captain Moorsom had informed him, by note, that there seemed to be an im pression that this enquiry was directed against the Magistrates ; and as he acted with them (not that he always concurred h their decisions), he should like to have this properly understood before he gave his evi dence. Now he (the Chairman) wished most strongly and distinctly to state, that nothing could be more er roneous than an impression of the nature alluded to. He believed there were no parties less disposed than the Town Council,as a body, to cast blame upon the Magis trates ; and even if it should be proved that, individu ally or collectively, they had committed any mistake, there would be none more ready to attribute it to an error in judgment and not of intention, and to make every allowance for the difficult and trying situation in which they had been placed. Captain Moorsom, who was present, said, that his reluctance, in the first instance, to_ give evidence be fore that Committee had proceeded mainly from the cause stated by the Chairman. He found, however, from the explanation just given, that the impression which had gone abroad was an erroneous one, so far as regarded the supposed feeling against the Magis trates, and therefore, so far, he had no farther hesita tion. Another reason why he did not wish to give evidence before that Committee was, that it was generally understood that the Government would institute an inquiry into the circumstances connected with the late riots, and the conduct of the Magistracy, and under such circumstances, he thought the first inquiry would be unneces sary. From the tenor of the communication, however, from Lord Normanby, he had now a different opinion. It appeared that the inquiry would be limited to the con duct of the Magistracy under the circumstances of the riots ; and the great probability, therefore, was, that this would not bring out all the facts connected with the riot. He, therefore, felt the present inquiry to be necessary, and was willing to state what he knew of the late events. He must add, that he was the more willing because this was an open inquiry, as all such inquiries, in his opinion, should be : whether that to be conducted by the Government would be open or not they had yet to learn. The evidence of Captain Moorsom was then taken as follows : Constantine Richard Moorsom, Captain in the Royal Nary, examined—l live at HigLfield, Edgbaston. I was never present at any of the Bull-ring meetings. My knowledge of the recent events commences from the 10th of May. On that day I received a printed circu lar, requiring my attendance on the Magistrates at the Public Office. The purpose was not stated in the note ; but on attending the meeting, I found it was for the purpose of being sworn, with others, as a special constable, and to assist in carrying out the arrange ments the Magistrates had made for the employment of the special constables. I was sworn in. The arrange- mcnts were a classification of the constables in the wards, under leaders there named by the Magistrates, and I was requested to act as leader of the Edg baston ward. Captain Leary, a half-pay officer in the army, having, at the instance, .as I understood, of Colonel Thorn, been appointed to superintend the whole of the special constable force, I objected to act under any but the Magistrates them selves. Subsequently, a different arrangement was made ; the pensioners, who were special constables, were placed under Captain Leary, and the volunteer special constables were to act under their own ward leaders, I undertaking to be the medium of Communi cation between those ward leaders and the Magistrates. I understood the object of swearing in the special con stables to be a matter of precaution, preparatory :o the meeting expected to be held on the following Monday, by the delegates of the National Convention. Between the 10th of May and the 15th of July, there were sworn in about 2,300 special constables, including about 1,000 pensioners. After the 15th of July, the numbers were very considerably increased, pro bably more than doubled. I did not understand the swearing in of the constables to be for the specific purpose of preventing the mettings in the Bull-ring, but for the general purpose of preserving the peace. Several Magistrates were in attendance for the purpose of swearing in the constables, and for discussing the measures which were to be taken. On the 13th of May I attended at the Grand ;unction Railway station, and saw the Delegates arrive, at which time there were, in my opinion, about 5,000 people assem bled to receive them ; and on the procession moving to Holloway Head I also went there. There were banners in the procession, and the persons attending them, and surrounding the delegates, and moving with them, did not exceed one thousand at the time they took up their position at Holloway Head. At this time crowds came in from all quarters, and on the meet ing being fully formed, I estimated the greatest number present at about twelve thousand, including the usual attendants upon all such meetings. I estimate the space occupied by the meeting on this occasion was capable of containing 25,000 persons, if filled, being about 5,200 yards. [Tne space in the Bull-ring from the railing of St. Martin's church to the crossing of Philip-street, including the footpaths, is about 7,500 square yards. I should think the space from the monu ment upward to Philip-street is about from one to two fifths of the whole area I have described.] I was not near enough to the speakers at Holloway Head to hear what was said, but the meeting was of a perfectly peaceful cha racter, as far as outward appearances went. I saw no weapons of any kind, not even sticks. No more than ordi nary excitement prevailed among those who were near enough to hear the speakers. By degrees the numbers di minished away, and at four o'clock they were reduced one half. The meeting commenced about three o'clock. No arrangements were made by the Magistrates to pre vent the assembling of that meeting ; nor were the spe cial constables employed in any way in connection with it. lam not aware that any particular apprehension prevailed with respect to this meeting ; but there was a general impression that disturbances might possibly arise out of such meetings. My view of the employment of the special constables was, that they should rather use their influence among the people to whom they were known, with the view to prevent meetings, threatening the public peace, than to act forcibly in dispersing such meetings. I stated these opinions both to the Magistrates and special constables when I met them in the several wards ; and I believe my views were entirely ac quiesced in by the ward leaders generally. I attended several meetings of the Magistrates between the 13th of May and the 29th of June, but do not recollect any occasion on which the special constables were required to act. On the 29th of June I attended, by request, a meeting of the Magistrates, at which arrangements were decided on for the purpose of finally putting a stop to the meetings in the Bull-ring. I had been aware of the public warning, signed by the Magistrates' clerks, anti of the proclamation signed by the Mayor and Alagistrates, with respect to these meetings, but I knew nothing of the circumstances under which they were put forth. On the Ist of July I again attended the Magistrates, when the arrangements I have spoken h of were completed. It was intended that on . t e • next meeting taking place in the h 1:3 1 ng, the pensioners, who were special censtn e d s, and both the dragoons, should occupy the above and below the Monument, and the to be arrested. This intention, however,i weearre ried into effect, in consequence gs adjournment prwoeauaskn noters of after The t p h ei e rs m ion ee e t r i s ug oc f c ro u rn p learning ibnagek thatto theirthe the occupied (i th ß e Bullring ftooorfGatoi short seta period Green. the meeting bad adjourned,gir rendezvous upon the _ theo troops who had also left meeting had adjourned ;eubi ground tr werete s proceedings until the part in the Magistrates their barracks were remanded., I took no fur ther bed • ' 4th of July, when I was ca ed out . of at midnight, by Mr. Clement Scholefield, who informed me that a body of the London police having been br oug ht f rom London by the Magistrates, had attempted to disperse the meeting in the Bull-ring ; that a conflict had taken place, in which several of them had been wounded, and ' that the Magistrates required my attendance at the public Office. I was not at all aware of the inten tion to bring down the London police ; but I, in common with others, had felt very strongly the want of an efficient police, and this had been the subject of fre quent eiscuesion with the l‘lagistrates. 'I had uniformly told them that the volunteer special constables were not EVENING EDITION. proper persons to employ as a police, or in dispersing 1 meetings, and that it could not be expected of gentle men to act in this way. In consequence of the informa tion received from Mr. Scholefield, as stated, I went to in ho t he Pubef her of the B l e ic tae l l ..rMagistratesi Office, t and and patrollingfoundwethe e aassembled e m tmh i b l e i lteasdrty; streets; s possession nn m. the office. Directions were given to assemble the special constables office,prlelo,p whilstlise t rt a wah b tee o err about t,hawensnsieonerpmdr present, s%'l,cei. assembling hl on that an h tg e Ih ft would Holloway by o l y o u w lad in at their severa l ren d ezvous, on the following morning, to •et in c ase o f nee d . I attended the Magistrates at the and g s g e sergeant morning a ; t He there,a ead. I nd to t l h d a a t if any thing was necessary to be done, I would either , bring or send word. ' When I got there I found about 200 or 300 persons assembled, and on recognising me, they surrounded my horse, and gave me three cheers. I told them that both they and I, if we remained to hold a meeting, would be violating the law, that the Riot Act had been read, and I exhorted them instantly to disperse. They expressed great indignation at the em ployment of the London police ; and contended they bad a right to hold public meetings, and were not fairly dealt by, in not being allowed to do so. I pointed cut to them the distinction between meetings for political 1 discussion, and tletise which had been recently held ; that the meeting in the Bull-ring had not only seriously in jured the inhabitants around, but that the language em ployed threatened both life and property, and that no society could suffer such Meetings to go on. They then enquired why they might not have the Town-hall. when 1 pointed oet that I concluded they might have it on the same terms as other people, by paying for its use, and giv ing security against damage ; but that as I was not a Com missioner I could not assist them in ths matter. After again exhorting them to disperse, I rode away to the Five Ways, and on returning in about half an hour, I found the Dragoons scouring the ground, and dispersing the people. I believe some of them had their swords drawn. I had not sett word to the Magistrates that any thing was necessary to be done ; my impression was that nothing was necessary. I experienced no sort of molestation from the people ; in point of fact they behaved civilly towards me. The Dragoons were ac companied by a Magistrate. I stood on the hill, conversing with Colonel Thorn, when several of the people surrounded us, and two in particular address ing me, requested I would use my influence to pre vent such proceedings, as if the people were so treated the town would be set on fire. Colonel Thorn was so situated that he could not have heard this. At this moment a dragoon, on horseback, was bringing along a man whom he bad arrested in the act, as I understood, of throwing a stone. I saw no unnecessary violence on the part of the men is the execution of their orders. In the afternoon, I re lated these circumstances to the Magistrates, at the Public Office, and remember particularly stating what had been said to me by the two men as above. No thing particular came under my knowledge between the sth and Bth of July.. On the latter day, as usual, the people were about the streets, probably in greater numbers than ordinary ; and I observed and men tioned the fact to a Magistrate in the evening, that they appeared well dressed, and that people who meant to kick up a row did not put their best clothes on. Ido not recollect the meeting at Holloway Head, on that day, or the fact of the people being dispersed by the military ; nor do I remember to have received any information from the Magistrates respecting it. On Tuesday the 9th, I strongly urged upon the Mayor my opinion that the London police should be sent back. The conversation I had had at Holloway Head, as above described, together with statements I had subsequently heard from individuals, of harsh conduct on the part of the police, induced me to make this representation ; and I considered that the Bull-ring meetings would probably not be resumed if this course were adopted. the Mayor promised to call a meeting of the Magistrates, to take the subject into consi deration ; and I understood that such meeting was held on the following day, and that it had been decided to send back forty of the police. On Monday, the 15th, I received about mid-day, a letter from Dr. Booth, written at the request of the Magistrates, beg ging my attention to a meeting, expected to be held that day at Holloway Head. I arranged with the leader of the Edgbaston ward, that proper men should be appointed to convey information to the Public Office, as to the character of the meetin g . The meeting took place at two o'clock, at which time I saw about three hundred assembled. I left, and at three o'clock returned, when the numbers had diminished, and it appered to me quite insignifi cant. About seven o'clock I received a note from the leader of the Edgbaston ward, to tell me that the bill was covered. -I rode down in a few minutes, and found the meeting dispersing ; the number I saw did not much exceed 1,000, and I did not see any weapons or sticks among them. As this body went down Exeter-row, I rode round by the Bell and Bromsgrove-street, intending to let them get to the Bull-ring, which rpresumed to be their destination, before me. I rode by Smithfield into Digbeth, and up the Bull-ring to the Public Office, St. Martin's clock striking eight o'clock as I turned into Moor-street. At that time there were not to many people in the Bull-ring as 1 had seen on the previous Monday ' evening, and t here was no unusual appearance. I went to the Public Office, expecting to find the Magistrates, and for the purpose Of reporting what I had seen, and of hearirg what their arrangements were ; but I found no Magistrates there. I waited from ten to fifteen minutes, and then went by Carr's-lane and High street, looked again into the Bull-ring and then passed down Worcester-street, at the bottom of which there were a good many people, one of whom said, as I was threading my horse through the crowd, " We are all peaceable people here." There appeared to be no indication of disturbances along the route I had taken. I then rode up to Smallbrook-street to Holloway Head, to see if any people had returned there, and finding none I went home, where I arrived about a quarter before nine, having spoken to the leader of the Edgbaston Ward at the Five Ways, and expressed my opinion to him that there was no fear of disturbance. When I went to the Public Office, as last described, I tound the front gates intended to be kept closed, and only opened occasionally to let people pass. In the Office yard were a number of the London police, with Superintendent May, who was in pla in, clothes. It being half-past one o'clock , the Co m mittee ad journed, determining to resume the examination of Captain Moorsom on Saturday. The harvest is now being prosecuted in our neighbourhood under circumstances not the most favour able, for the weather continues still fickle and change: able: The reapers who have attended at the gate during the week have been readily engaged at two shillings per day, but with the exception of yesterday they have not bad a complete day, in consequence of the wet. The continued breezes, however, by speedily drying the crops, have materially counteracted the effects of the frequent falls of rain. We are glad to learn from a corres pondent, who Las had an opportunity of seeing the greater part of Berwickshire within these few days, that seldom has there been such an abundant crop of ail descriptions of grain as there is at present. Although partially lodged in many places, yet as they are well filled, if the weather keep dry, no damage will be sustained from that circumstance. It may be confidently stated that, Loth from the extent of land sown and from the luxuriance of groa Ur, never was there such a quantity of turnips in the country. The potatoes also, from their appearance and the trials that have been made, promise a weighty return. if the weather keep favourable for a few weeks, there is reason to hope that the farmers will have their barn-yards full, and the labourers will have cheaper bread and Le enabled to boil a better pot than they have done for some time past.—Berwick Advertiser. STEAM VERSUS WIND.—The steam-ship Liverpool, it will be remembered, left New York on the afternoon of the 24th ult., and could have arrived on the night of the ith, making the passage in 14i days. The packet.sbip North America sailed from New York on the 21st ult. and reached the Mersey on the 11th, having made the run in 20 days, thus given an advantage of 5 days to steam over wind. But the packet•ship Siddons, which sailed from New York on the 26th ult., tao days after the Liverpool, arrived at this port at noon on the 13th, having accomplished the passage in 18 days, and reduced the ad vantage of steam over wind to 3i days only.—Liverpool Albion. EXPULSION BY TUCK OF DRUM.—Wednesciay last, the funds of a female who was passing through Kir ' kintilloch fell short. To recruit them she called on the overseers of the poor, told them that her child had died through bury i t t h . e t T ow he n, ov a e n r d se s e o r l s i , eit o e n d i a mi e tt o i fii ri n n g and t a her foutnibdttt veryrhhn but turned wrong redt n hso o u Kr child natiati n:yer n either dead little ° o d p a m a i s n o s th, and in or alive. They accordingly took her before the Ma gistrates as a cheat, and as she had no defence to g inne p gy lace, p i‘ t iag to istr r u a t i e se s the midst of a great crowd she was drummed out of who placed the town drummer at the poor woman's heels, something like tying a canister to a dog's tail, never think moneytn:kn It r f;s aa e scen()w pretences, da: it was possible that she might have been half a day, or perhaps a whole one, without food, and no money to buy any? If driven by irritation, and shame, and grief, to throw herself into Buthland or Kelvin, what would they have said had her dead emaciated body been next morning laid at the door of the Town-hall ? They • would, no doubt, have wished that instead of drumming her out of town under such ignominy, they bad slipped a shilling into her band, and whispered in her car, go and sin no more.—Paisley Advertiser. AL ARMING ACCIDENT AT MR. BATTY'S CIRCUS, HANLEY.—On Monday night, soon after the commencement of the performances at Mr. Batty's circus, a portion of the gallery, which was crowded to excess, gave way under the tremendous weight, and precipitated the spectators standing thereon to the ground. The performances were instantly suspended to ascertain the injuries done to the spectators, and to afford them relief, after which they were re-commenced. A considerable number received bruises of but little .consequence, and twelve or thirteen persons were more seri?usly injured, but no life was lost. Mr. Batty spa . red no pains or expense to happy to say that afford suitable relief to the . injured . spectators, many of whom were sent home in own carriages; some of those fa :e re a c r o e l , ,e h r o in w g e7r, villa sustained the greatest injury he put to bed at the Sea —Staffordshire Ad. v uLl e il r o tntisha;rn. an d parties are