The Sun. — London, England, 1857-11-11 00:00:00

HER MAJESTY'S THEATRE. JIILLIEN'S CONCERTS. TO-MORROW EVENING (THURSDAY), will be pro duced (for the first time) a New Grand Descriptive Composi tion, by M. Jullien entitled THE INDIAN QUADRILLE, and GENERAL lIAVELOCK'S TRIUMPHAL MARCH, performed by M. Jullien's Orchestra, assisted by the drums and fifes of the Grenadier Guards, the Coldstream Guards, and the Scots Fusilier Guards ; and a Grand Chorus, " Rule Britannia," and " God Save the Queen." Applications to be made at the Box-office of the Theatre. H ER MAJESTY'S THEATRE. JULLIEN'S CONCERTS. lIDLLE. JETTY TREFFZ TO-MORROW ETENING. Prices of Admission—Promenade, is ; Upper Boxes, ls. ; Gallery, is. ; Dress Circle, 2s. 6d.; Private Boxes, 10s. 6d. and upwards. Prospectases, with full particulars, may be had at the Box. Office of the Theatre ; of all the principal libraries ; and at Jallien and Co.'s, 214, Regent-street. HER MAJESTY'S THEATRE.—The GRAND BAL MASQUE, which will close M. Jullien's Nineteenth Season of Concerts (1857), will take place on MONDAY, Nov. 30. Applications to be made at the Box-office of the Theatre. THEATRE ROYAL, HAYMARKET. Lessee—Mr. J. B. Buckstone. ram EVENING, to commence at Seven o'clock, with a new Comedy, entitled AN UNEQUAL MATCH. Princi pal characters by Messrs. Buckstone, Compton, Chippendale, W. Farren, Miss Amy Sedgwick, Mrs. Buckingham White, an Mrs. E. Fitzwilliam. After which, LEND ME FIVE SHILLINGS. To be followed by THE STAR OF ANDALUSIA. Orchestra Stalls (which may be retained the whole of the evening), 6s. each. (No charge for booking.) First Price. s. d. Second price. s. d Dress Boxes 5 0 Dress Boxes 3 0 Upper Boxes 3 0 Upper Boxes 2 0 Pit Lower Gallery 1 0 Lower Gallery 0 6 Upper Gallery 0 6No half-price to Upper Gallery. R OYAL PRINCESS'S THEATRE. Proprietor, Mr. Charles Kean. LAST WEEK BUT TWO OF THE TEMPEST. THIS EVENING, will be performed Skakspere's Play of THE TEMPEST. Preceded by LIVING TOO FAST. T HEATRE ROYAL, ADELPHI. j. Lessee—Mr. Ben. Webster. THIS EVENING, will be performed the popular drama of THE GREEN BIISFIES, in which Mr. Wright, Mr. Paul Bedford, and Madame Celeste will perform. After which, an original Apropos Sketch, entitled THE DRAPERY QUESTION ; or. Who's for India T Messrs. Wright, P. Bedford, C. Selby; Miss M. Wilton and Miss Mary Keeley. ROYAL LYCEUM THEATRE.—Lessee, Mr. Dillon. —Under the joint management of Miss LOUISA PYNE and Mr. W. HARRISON. THIS EVENING, will be pe formed Balfe's new opera, THE ROSE OF CA STILLE. Characters by Miss Louisa Pyne, Miss Susan Pyne, Miss Marian Prescott, Mr. Weiss, Mr. A. St. Albyn, Mr. G. Honey, 'Jr. Wallworth, and Mr. W. Harrison. Conductor, Mr. Alfred Mellon. To conclude with (6th time) a new Farce, entitled A PAIR OF PIGEONS. Mr. G. Honey and Miss Cuthbert. Private Boxes, £2 12s. 6d., £2 2%, and £1 11. s. 6d. ; stalls, es. ; Dress Circle, ss. ; Upper Boxes, 4s. ; Pit, 25.; Gallery, ls.—The Box Office is now open daily, from 11 to 5, under the direction of Mr. Chatterton, jun. STRAND THEATRE.—THIS EVENING, will be performed T:IE GENTLEMAN OPPOSITE. After which, THE CRICKED ON THE HEARTH, John Peerybingle, Mr. Emery; Dot, Miss M. A. Victor; Bertha, Miss Herbert. To conclude with TAKE THAT GIRL AWAY. Mr. Tilbury, Mr. Leicester Buckingham, and Miss Herbert Commence at Seven. Stalls. 3s. ; Boxes, 25.; Pit, is.; Gallery 6d. ; Private Boxes, U. ls. ROYAL OLYMPIC THEATRE. Lessees, Messrs. Robson and Emden. THIS EVENING, will be performed the comedietta, en titled A SUBTERFUGE. Mrs. Stirling, Mr. G. Vining, aid Mr. G. Murray. Followed by the new comedy, called LEADING STRINGS. Messrs. Addison, G. Vining, IL Wigan; Miss Marston and Mrs. Emden (late Miss Somers). After which, HEADS OR ['AILS. Messrs. Addison, G. Vining, H. Cooper ; Mrs. Stirling, Misses Wyndham and Swaiborough. Commence at half-past Seven. OYAL SURREY THEATRE. It) Levees, Messrs. Shepherd and Crsswick. THIS EVENING, will be performed a new and powerful drama, entitled INDIA IN 57. Messrs. Shepherd, Cres. wick, W. Smith, Vollaire, B. Potter, Widdicomb, Belmore, Tapping ; Miss M. Eburne, Miss Webster, Miss Chalmers, Miss Johnstone. After which, a new Petite Comedy, UP IN THE WORLD. Followed by OUR TRANIA.TA, The Blighted One, Mr. Widdicomb. CANTERBURY HALL, Westminster-road.— OPEN EVERY EVENING.—The follow ng company of Vocalists are engaged for the performance of Selections from all the popular OPERAS, MADRIGALS, CHORUSES, GLEES, DUETS, die., viz. :—Miss Russell, Mrs. Badzey, Madlle. Marietta, Mrs. Palmyre, Anse Bru noll, and Madame Marietta; Herr F. Jonghmans, Mr. Renshaw, R. Grover, T. Farrant, 3„ Jouec, J. Barker, W. Melling, Senor Antonio, E. L. /lime, and Mr. St. Albyn; Messrs. S. Collins, W. T. Critchield, and E. Mack ncy. Pianoforte, Mr. Cecil Hicks; harmonium, Master Williams; Director, Herr F. Jonghmans. Commence at Seven o'clock precisely. Suppers, Lie., until twelve o'clock. HIGH WATER AT LONDON BRIDGE. MIS DAT —Morn., 1 min. aft. 10—Even., 36 min aft. 10 To-Moznow----Morn. 7 min. aft. 11—Even. 35 min. aft. 11 THE WEATHER--SuN OFFICE, NOVEMBER 11. THERMOMETER, IN TAB SLUR 54—highest since noon yesterday. 48—lowest this morning and during the night. 51 —this day at noon. BAROMETER. 30.73-the highest this year. WIND, S.E. ; light, with fine weather. A' ( p rtc LONDON, WEDNESDAY, NOT. 11, 1857. The anxiously looked for telegram has been received from India. The nation W 33 eagerly looking for tidings respecting the occupation of Delhi and the relief of Lucknow. It was known that the chief seat of the rebellion had been cap tured, and that after a terrible conflict it had been occupied by British troops. But it was desirable to know the cost at which that triumph had been obtained, and whether it was really as complete as had been asserted. We now have full information respecting these important and interesting matters. Delhi was completely re-occupied on the 21st September, and the whole of the rebels—we shall not dignify them by calling them " the enemy "—expelled. The octogenarian and imbecile mock King had surrendered with his chief wife, and their lives had, for the time being, been spared. His chil dren, however, did not meet with similar leniency; two of his sons and a grandson, captured by Captain HODSON, about five miles from Delhi, were shot on the spot, and their bodies brought to the city and exposed at the police-office. This is as it should be. The senile Pretender may be more valuable as a cap ture, than if he had received the well•merited punishment due to his atrocious crimes, while the extreme penalty inflicted on his issue will act as a striking example throughout the whole of India. Our victory was, however, dearly purchased. The gallant NICHOLSON had died of his wounds on the 21st September, and the nation will mourn for the departed hero, who had not survived to enjoy the honours that would unquestionably have been bestowed on him. With him we lost GI officers and 1,178 men, killed and wounded, in the grand assault on the 14th September, being no less than one-third of the storming force ! This is, indeed, a terrible proportion, greater, we believe, than could be paralleled in any similar transaction, and proving alike the fierce determination of the assailants and the reckless despair of the garrison. Two moveable columns bad been despatched on the 23d in pursuit of the enemy, of whom they would, doubtless, be enabled to render a satisfactory account. But the great, the glorious., fact now am nounced is the relief of Lucknow ; the safety of its devoted and gallant garrison, and of the helpless fugitives that sought shelter within its walls. General HAVELOCK had accomplished this great desideratum. Having crossed the Ganges with 2,500 men on the 29th of September, he entered the Lucknow Presidency on the 25th, just as it was mined and ready to be blown up by the besiegers. It was just in " the nick of time," at the very crisis, which if neg lected, might have turned the national rejoicing into wailing. On the following day, the 26th, the enemy's entrenchments were stormed, and on the 29th a large part of the city was taken, but General NEIL had fallen. That gal lant heart had ceased to beat, and 450 killed and wounded, or nearly 20 per cent. of the troops engaged, attested the desperate character of the conflict. So far as public matters are concerned, we have but little to wish for, Delhi is our own. The spurious Emperor a prisoner, and his sons and grandsons executed convicts Lucknow is relieved. Our countrymen and country women safe. The neck of the rebellion is broken, Everything is now smooth and the prowess and resolution of Great Britain have been exhibited in the strongest and clearest light, so that disaffected subjects and envious strangers will alike shun conflict, in which they must be worsted. The reinforcements despatched have not yet arrived, but it is the more satisfactory to find that India could be re-conquered and re-organised even with the forces which were on the spot at the out break of the insurrection. Ten per cent, on first class paper—and fifteen, twenty, or thirty, on that which is less fashion able, although not less safe, is, according to the Times, a very tolerable state of affairs to which our merchants and manufacturers should conform with all convenient speed. It may be disagree able, but they must learn to bear it patiently, and be well ccg.tented if they can obtain money on any terms, however exorbitant. The sufferers, how ever, may think differently. They will not be satisfied to act as the mere receivers for a gang of heartless usurers, who have no care for their interests or any feeling but to screw the last penny out of their victims. Men, however, will not become voluntary slaves. They will not devote all their energies for the exclusive use of unconscionable taskmasters. The labourer is worthy of his hire, and when that hire is withheld, and he is reduced to virtual bondage he will naturally resist the unfair imposition. The moneyocracy have gone too far. In place of being contented with a fair share of the profits, they grasp at all, and may lose the substance in the attempt to obtain the shadow. It is impossible that the struggling traders or manufacturers can endure the overwhelming burden to which they are subjected. They must perceive that all their efforts are fruitless. That nothing can abate the rapacity of the vampyre tribe that are preying on their vitals. They are literally forced into a contest that must be one of life or death. It is not even alleged that they are in any way culpable. " Never was the trade and commerce of the country in a sounder position," so we have been told usque acl nauseant by the bullionist organs. We have had an abundant harvest. Every domestic matter has been favourable, but through our absurd regulations we are starving in the midst of plenty. We must still go on gold, although it has been proved to be inadequate to the wants and exigencies of the nation. But, like the Spanish monarch who was nearly roasted because the proper officer isy whom his chair should be moved was not in attendance, we submit to the most serious evils rather than violate routine. Surely it is time that we should establish a better system than that which has pre-eminently failed in every emergency. We earnestly invite the attention of alt classes to two letters, which will be found in another part of this day's imprce3ion. The first is from that faithful, consistent, and indefatigable currency reformer, Mr. HAMER STANSFELD, who has never ceased, through good report and through evil report, to impress the great truths of mone tary science. He feels, as we do, that " a panic was absolutely necessary to open the eyes of the nation to the absurdity of our monetary laws." Nothing else can arouse the people from their lethargy, or awaken them to a sense of their situations. Let the panic then proceed. It is the only efficient re medy for the existing state of affairs, which will otherwise be indefinitely protracted. As Mr. STANSFELD declares, we can safely spare the gold the Americans require at the present crisis. We should help one another, and it is our interest to do so in favour of our best customer for manufac tures, and most extensive supplier of the raw material. If they cannot take our goods, " What will become of our work-people daring the coming winter I" The other communication to which we have alluded is from an esteemed fellow-labourer in journalism. The Editor of the Belfast Mercantile Journal, is a gentleman whose very name carries with it con siderable weight in Ireland, and deservedly so, for he has never failed in the discharge of his arduous and important duties. He has put for ward anew feature is the transaction, showing that the increase and discount since the Ist of Oct., or about six weeks, is equivalent to an additional irn postof 20,000,0001. sterling, far more than the war income tax. Nor does it fall on the territorial aristocracy or officeholders. It is for the exch.,- sive use of schedule D—for those who earn their daily bread by their own daily labour. The opinions of The Belfast Mercantile Journal are so completely those which we have unceasingly ad vocated, that we require but little inducement to press them on the community. It is "confidence" that is wanting. Confidence that the merchant can obtain cash for his bents fide bill, when ever he may require accommodation. The Bank Charter Act, however, shows him that this is impossible. It creates a panic, because it teaches every one the necessity of making timely provisioa for contingent wants before the banks have given the screw an additional turn, or the increased rate of discount enhances the cost of the operation. The remedy is obvious. It is an issue of small notes for 11., 21., and 31., such as we have always advocated notes receivable in payment of taxation, and, consequently, at an times acceptable to the tax-paying community. Even if redeemable in bullion, or, to use the cant phrase, "convertible on demand," they would economise the use of specie. To be really useful they should be made legal tender," and then the precious metals would bring their value. We could obtain them whenever they were really re quired for adjusting foreign balances, and that is all for which they could really be wanting. The sooner, then, the Government intervention takes place the better. It is inevitable ; and every day's delay will only increase the difficulty of the operation. THE SUIIkT, LONDON, WEDNESDAY EVENING ST. J-431ESS THEATRE.-OPERA BUM. The opera buffs season, under the direction of Signor Ronzani, commenced last evening at this theatre, with 1 every prospect of perfect success. The opera chosen for representation was entitled " Colemella," the plot of which is as follows :—Two brothers, Albert and Aurelio, are in love with Elisa. Albert's love is con• cealed. Aurelio declares himself, and is accepted by Elisa. Business calls Aurelio away. In his absence the brother, by a forged letter, induces Elisa to believe that Aurelio is false to her, and after some persuasion she consents to accept him for her husband. The nuptials are about to take place when Aurelio returns, and grief at Elisa's falsehood drives him mad. He is confined in a lunatic asylum, and, aftera time, makes his escape and wanders about the country. Albert, conscience-stricken, discloses the truth to Elias, so that, when Aar elio is discovered and is restored to reason, the lovers are made happy. Columella is servant to Aurelio, and the principal mirth of the piece consists in a scene at the mad-house, where Columella, in search of his master, is surrounded by the insane inmates, who play him all sorts of tricks. but the idea of a madhouse deprives the scene of much of its humour. The fun appertaining to the part of Columella is hardly to be described in words ; and we would, therefore, advise all who desire to appreciate the comic capabilities of the " Buffo Napolitano nella Mas chera del Pulcineilo," to see and judge for themselves. Signor Colombo was loudly applauded for his fine sing. ing in Mercadante's romanza, in which he displayed much tenderness and passion ; and Mademoiselle Fame gali brought down the curtain with eclat in the rondo finale. The band and chorus are both efficient, and the con ductor, Signor Alberto Randegger, is an accomplished master of the baton. The interior of the theatre has been newly cleaned and painted, and great improve ment has been effected in the lighting of the chandelier. The house was crowded in every part, and nearly all the rank and fashion of London were present. A dabinet Council was held yesterday afternoon at the official residence of the First Lord of the Treasury, in Downing-street. The Ministers present were—Vis count Palmerston, the Lord Chancellor, Earl Granville, Earl of Harrowby, Sir George Grey, Earl of Clarendon, Mr. Secretary Labouchere, Lord Panmure, the Chan cellor of the Exchequer, Sir Charles Wood , the Right Han. R. Vernon Smith, Lord Stanley of Alderley, the Right Hon. M. T. Baines, and the Duke of Argyll. DEATH OF THE DUCHMS OF NE3IOIIRS.—WINDSOB, Tuesday.—Hrr Majesty _received inteligence to-day o' the sudden death of the Duchess of Nemours, first cousin of her Majesty and his Royal Highness the Prince Consort. Shortly afterwards the Prince Consort, at tended by Captain the Hon. D. De Ros, went to Clare mont to pay a visit of condolence. The Countess de Peraigny left Albert Gate House, yesterday afternoon, for St. Leonard's-on-Sea. His Ex cellency will join the countess this afternoon. The Duchess of Inv3rnes will entertain the Duchess of Cambridge and the Princess Mary, the Duke of Cam bridge, and a select circle at dinner to-morrow evening, at her apartments in Kensington Palace. The Duke and Duchess of Wellington are expected in town to-day, from Strathfieldsaye. The Marquis of Lansdowne, accompanied by the Countess of Shelburne, return to town to-Jay, from B )wood. Maria Marchioness of Ailesbury has left Ciaridge's Hotel for Dean Park, the seat of the Earl of Cardigan, in Northamptonshire. The Countess of Jersey and Lady Ciementina Villiers left Mildleton Park, near Bicester, yesterday, to join the circle visiting the Earl of Cardigan, at Dean Park, Nonbamptonshire. The Countess of Powis and the Ladies Herbert, and the Earl of Powis, are passing the season at Walcot Hall' Salop, surrounded by a select circle. The Earl of St. Germans is staying on a visit with the Ladies Cornwallis, at Linton Abbey. His lord. ship is expected in town early next week. The Earl of Euston arrived in town a few days since, from Euston Hall, Norfolk. The Countess Brownlow, Count and Lady Cecil de le Feld, Lord and Lady Willoughby d'Eresby, Lord and Lady Harberton, and Mr. and Mrs. Palk are amongst the fasbionables wintering at Torq uay Lord and Lady Southampton have arrived at the Clarendon Hotel, from St. Leonard'? , .-on-Sea. Lord Stanley of Alderley returned to town yesterday, from Alderley Park. Lord and Lady William Powlett passed through Lon don a few days since, en route to Do waham Hall, Suffolk. Sir Chas. Wood arrived in London on Monday, from I his scat, Hickleton Hall. The Hon. Mr. and Mrs. Sydney Fierrepont have ar rived at Claridge's Hotel, from Evenley Hall, near Brackley. The Right Hon. C. T. D'Eyncourt pass©d through , town last week on his way to Bayou's Manor, Lincoln. shire from bis seat in France. Alter a long sejour on the continent, Mrs. and Miss Kinee.id Lennox have been on a fortnight' visit to Lord and Lady Statuford, at Bradgate Park. DEATH OF MAJOR GENERAL WILLIAII ROGERS.—This gallant officer died on Friday at Highfield. He was youngest son of the late Sir Frederick Rogers, Bart. The gallant officer entered the army in June, 1802, and was for many years in the Queen's Bays, until his retire , ment on half-pay in 1826. His commissions bore dace as follows :—Cornet, 24th June, 1802 ; lieutenant, 20th Feb., 1806 ; captain, 4:12 March, 1813 ; major, 23d June, 1825; lieutenant colonel, 26th Sept., 1826 ; colo net. 231 Nov. 1811 ; and major-general, 11th Nov., 1851. MR. TOWNSEND, M.P.—A. public dinner will be given this evening, at Greenwich, to celebrate the return of the above gentleman to Parliament,: _ FALIZSd IN OF AN IRONSTONE MlNE.—in ironstone mine at Beckhole, Goatblaud, near Whitby, fed in during Saturday night. The loss is estimated at 2,000/. No personal injury was sustained. Lieut. Peter Smith Manico (1814) died on the 9th instant, at his residence, St. John's Lodge, Brighton, in the 69th year of his age. He entered the navy March 26, 1806, on board the Ocean, Lord Collingwood's flag ship in the Mediterrane tn. THE BRAZILS.—LIVERPOOL, Taesday.—The follow. ing telegram was received this morning by Mr. Court, of the Underwriters'-rooms :—" Lisbon, November 10. —The Royal Mail steamship Teviot has arrived with the mails from the Brazils. At Rio the coffee market was without alteration ; exchange, 27g. At Babia sugar had fallen 500 reis ; exchange, 271. At Pernam buco no alteration in cotton ; exchange, 27k. The Lady Westmoreland, for London, was at Rio leaky, discharg ing ; the Nipisiquet, of Liverpool, at the same port. The Era, the Hermione, and the Zeika were at Pernam buco." EDWARD CAPEIRN, THE POSTMAN PERT.—We are in• formed that Lord Palmerston has, on the solicitation of Miss Burdett Coutt=, given a superannuation pension of 401. per ago= to Edward Capern, the postman poet, of Bideford, in North Devon. For years past Mr. Capern hai walked some 25 miles on each of the 7 days of the week for a salary of half a guinea per week, and has in the intervals of delivering letters thrown together some of the best deaeriotive poetry of the day. EMBEZZLING FIFTEEN THOUSAND POUNDS.—Le,t night information was received at the Metropolitan Police-office, Whitehall, that a man named William Jackson Wright was charged with embezzling from his master, Mr. Thomas Purton Chsssereau, of No. 13, Finsbury-place, City, the sum of 15,0001., received on account of his employer. The accused is described as being 36 years of age, 5 feet 7 inches high, has light brown hair and whiskers, the latter meeting under his neck. He is supposed to be staying at some hotel, or house of refreshment in the neighbourhood of tbe Waterloo-road terminus of the L )radon and South- Weetern Railway, and it is believed that he will endea vour to make his way to some sea-port town, as he was last seen making inquiries at Southampton, he having just arrived from Oporto, Portugal. It is expected that a very handsome reward will be offered for the appre heneien of the guilty person. INVERNESS AND ABERDEEN JUNCTION RAILWAY.— We learn from the report of the directors that the works of the line are making very satisfactory progrees, and that the viaduct across the Nairn is nearly completed. The foundations of the most important piers i t the River Finhorn have been secured on the solid rock, and the Spey viaduct is far advanced. A considerable por tion of the permanent way has been laid, and the land arrangements have been completed on terms satiafac• Cory to the directors. The capital receipt to the 30th September last eats 207,4781., and the expenditure, 195,9031., giving a balance of 11,5721. SHOCKING ..kCCIDENT.—On Monday Mr. Hodgson, the county coroner, and a respectable jury held an in quiry at Rimpton, Somerset, into the circumstances attending the deaths of George Cox, aged 20 ; Silas Tuck, aged 46 ; and Henry Pardy, aged 23, who met their deaths in a rather peculiar manner, the two latter in a generous endeavour to save the life of the former. It appeared that Mr. Cox, the father of the first-named deceased, carried on an extensive business as a dairyman in this piece, and had constructed on his premises a large tank or reservoir for the purpose of the reception of whey, which was conveyed by a wooden shoot to tbe feeding troughs of the pigs, of which animals he kept Ft considrable number. It being necessary that this tank should be cleaned it was emptied of its contents, and G. Cu; the son of the proprietor, descended for that purpose. When at the bottom of the ladder he was observed to stagger and lost his footing. Tuck then hastened to his aesi,tance nu l appeared to suffer in a similar manner. Henry Purdy immediately scent to their relief and was overcome by the same influence that had attacked his two unfortunate compaeione. Another person on the spot generously vo lunteered to descend into the tank to ascertain if pos,ible the cause why the three men had ILA ascended or re sponded to the inquiries that had been male of them. He proceeded nearly to the foot of the ladder, when be experienced a difficulty of breathing and hastily returned to the top, and thus his life was saved. The cause then became apparent to the byetandere, and their marmites that the three unfortunate persons had been destroyed by the fumes of carbonic acid gas proved to be correct. Alter the proper precautions had been taken to prevent any further acciient the bodies were taken out of tee tank, and medical ae,eatance having in the mean.ime been procured, upon examination life was found fo be quite ex:rect. The above facts having been disclosed by the x %initiation of the witnesses a verdict in accordaace I with the evidence was returned. THE CITY OF GLASGOW EA K. (BY ELECTRIC TELEGRAPH.) GLASGOW, WEDNESDAY, 10.45 A.M. The City of Glasgow Bank has just closed its doors. Lord and Lady LyndhurAt and the Eon. Miee Copley have taken up their residence at Turvil Backs, for the winter. The noble and learned 'era continues to enjoy excellent health, although in his 86th year. LATEST NEWS. THE OVERLAND MAIL. DEATH OF GENERALS NEIL AND NICHOLSON. RELIEF OF LUCKNOW. The following telegram was received, through the Admiralty, at the Foreign Office, this morn ing (Wednesday), at 8.45 a.m. : The Pottinger arrived at Suez on the 2d inst., having left Bombay on the 18th ult. Delhi, which fell iato our hands on the 20th September, was entirely re-occupied on the 21st, and the whole of the enemy expelled. In the assault of the 14th, 61 officers and 1,178 men, being one-third of the storming force, were killed and wounded. General Nicholson had died of his wounds on the 21st. The old King, said to be 90 years of age, sur rendered to Captain Hodson and his cavalry, about 15 miles south of Delhi. He was accom panied by his chief wife : their lives were spared. Two of his sons, and a grandson, also captured by Captain Hodson about five miles from Delhi, were shot on the spot, and their bodies brought to the city and exposed at the police-office. Two moveable columns were despatched from Delhi on the 23d, in pursuit of the enemy. By accounts from Agra, one column appears to have reached the neighbourhood of Allyghur, and the other that of Muttra, on the 28th of September. General Havelock, with 2,500 men, crossed the Ganges from Cawnpore on the 19th of Sep tember, and relieved Luckaow Residency on the 25th, just as it was mined, and ready to be blown up by its besiegers. On the 26th, the ,enemy's entrenchments were stormed ; and on the 29th, a large part of the city was taken ; 450 killed and wounded; Gene ral Neil killed. There has been a slight rising of the rebels near Nassick, in the Bombay Presidency, in the suppression of which Lieutenant Henry, of the Ahmederagger Police, was killed. Madras troops defeated the mutineers of the 52d near Kemplee, and killed 150. A. native of Ricer and a sepoy, having been convicted of treason, were blown away from the guns at Bombay on the 15th October. Predatory tribes in the Punjaub, between Mooltan and Lahore, have given some trouble lately, but the disturbance appears to have been suppressed. The Eaten arrived at Suez from Australia on the 3d instant, having been on shore near Men. The Hindostan arrived at Suez from Calcutta this morning with Calcutta dates of 9th October, Madras, 14th Oct., and Galle, 18th Oct. News via Bombay confirmed. This intelligence received from Acting Consul-General Green at Alexandria sth November, 1857, for the Earl of Clarendon. Consul CRAIG. ,Csgliari, Nov. 10, 10.30 p‘m. • LYONS, .7 Admiral and Commander-in-Chief. EAST INDIA COMPANY'S DESPATCH. WI have received the following from the Eist India Board : ALEXANDRIA, Nov. 5, 1857. Delhi was entirely in our possession on the 20th of September. The King and Queen captured on 21st by Lieut. Hodson. Two of the King's so „ were killed. No official account has yet been received, but our loss is much greater than was at first supposed. The mutineers have gone towards Rohilcund and Muttra, and some to Oude, being followed up by our troops. Mr. Greathed, Commissioner of Delhi, died, on the 19th of September, of cholera, and General Nicholson on the 23d of wounds received in the assault. Lucknow relieved September 25 ; particulars not known. Our loss was severe : about 500 killed and wounded. General Neil amongst the killed. The relief just in time ; the enemy hay- ing advanced their mines, which would have placed the garrison at their mercy. Advanoed guard of the Madras columns defeated the mutineers of the 52d Bengal Infantry, near Jubbulpore, on the 25th, killing abut 150. The Malwa country is in a disturbed state. Bhopa wur has been burnt. Dhar, Amjheera, and Mundesar are disaffected. Forces are moving bwards Mhow. All is quiet in Scinde, but the state of the frontier is no satisfactory. General Jacob proceeds iinraediat elf to Scinde. There has been an outbriak of Sheets and a plot discovered at Bombay. The Daccan and Southern Mahratta States all quiet, as also the Nizam's country and Madras Presidency. Cagliari, Nov. 10, 10.45. RISE IN THE RATE OF DISCOUNT. PARIS, WEDNESDAY MORNING. The Monitear publishes a notification from the Emperor, founded upon an address from the Minister of Finance, in which he say s that he sees with pain credit imperilled, chimer ical fears propagated, and delu s ive remedies prop osed for for an imaginary evil. The law permitting the Bank to raise discount must suffice to keep bul lion in better condition than last year. His Ma jesty requests the minister formally to contradict the rumours ascribed to Government. The Bank has raised the rate of discount to 8 per cont. for bills und er 30 day", 9 per cent. under GO days, and 10 per cent, under 90 days. FRANCE• PARIS, TUESDAY EVENING. The Emperor and E.npress are expected to re turn to Paris about the 17th. The following telegraphic despatches have bL , en received here : - - - " MARSEILLES', Nov. 9.—At Alexandria, on the 29th, the telegraph at Suez had not signalised the India mail. Prince Halim has been appointed to receive Prince Napol eon a t Alexandria, in cago his Imperial Highness of going to the East. as was some time back an nounced." should persist in the i nte.ation " MADRID, Nov. 9.—The Duke and Duchess of Moutpensier have arrived hero to•day." BOURSE, Nov. 10.—There has been great _Firm ness in the market, in consequence of an anuouxce• 7 -'N 0 V En's?, i a ment that a measure would ba taken to-morrow to give a check to the exports of bullion, so as to main tain the rate of discount at 7 3 / 4 per cent. The market continued firm to the close, when the fol lowing were the last quotations : Cash. fr. End of Month. , ti per Cents 3 per Cents 6i 85 67 Bs.nk Shares 2970 Credit Foncier 5121 — Credit Mobilier 7BO Roman Do. Account 775 Austrian ____ Belgian 4. (v 1) 9q Piedmontese(s) 9O Spanish Threes Home Debt -4 -4 n (713 ; 4 RAILWAYS-FOR CASH* IT. C. Orleans' 127 3 1— Vorthern - ti. c. Midi Western _ New Ditto Lyons and Med BlO Grand Central New Ditto... ....... 800 Sardinian Geneva 585 Austrian Cum. 665 DENMARK. The document by which Prussia and Austria have referred the question of the Duchies to the Germanic Diet, after summing up the anterior phases of the affair, concludes as follows :—" The Courts of Berlin and of Vienna had hoped that, by confidential negotiations with Denmark, the affair might have been brought to such a point that the question could have been submitted to the Diet in a manner satisfactory to all parties. They still persist in hoping that the Danish Government will endeavour to do justice to the complaints of the Duchies, but in the meantime they have not con sidered themselves authorised to allow the nego tiations to remain for an indefinite time in an unde cided state, without laying the matter before the Germanic Confederation, in order that a collective reeolution might be come to on the subject." RUSSIA. A letter from Moscow of the 30th ult, says : "A conflict of some gravity has arisen between the students of the university and the police. Some students, having had a dispute with a woman who keeps a house of ill fame, threatened to go to her house the next night with some of their comrades, and punish her for her insolence: . -She informed the police, and they sent an officer to be on the watch. It so happened that a student, living opposite the woman, had a party of his fellow students at his rooms in the evening, and they made some noise. The police-officer thought that they were the party who were to visit the wo man's house, and after a while he went up to the room to tell them to disperse. An altercation ensued, and the students, exasperated, ejected the man from the room. He ran off for a band of po lice agents and cossacks, and they proceeded with some roughness to arrest the students. The latter resisted, and a regular battle ensued, in the course of which several of the students were seriously and some even dangerously injured. At length the police and cossacks remained victors. The next day the whole body of the students of the Univer sity-1,800 in number—assembled, and unani mously resolved to insist on having the police punished, and to obtain an order that in future the police should not be allowed to enter the rooms of students without permission of the authorities of the University. Tho professors and other autho rities have taken the part of the young men, and, with the permission of the Governor-Generalq the matter is to be brought before the Emperor." Letters from St. Petersburg state that the price of provisions has become so exceedingly high in that city that the government has thought it advisable to open the state-granaries and to sell the wheat held there in reserve. This favour is, however, only accorded to such persons as are known to be in want of it. SWEDEN. The rejection by the Swedish Diet of the royal proposition relative to religious liberty has been already made known by telegraph. Later accounts give the details of the vote. The order of knights or of the nobles rejected the measure by a majority of 137 to 78 ; the order of the clergy rose in a body against it without having recourse to any vote ; the order of the bourgeois had 34 for and 11 against the proposition, and the peasants 79 against and 21 for it. During one of the discussions M. de Rock, the Chancellor of Justice, in order to make the Diet understand the consequences of its decisions, said that, if the royal propooition worn not voted, tho tribunal would be compelled to pass sentence on seven Swedish women, accused of the crime of having three years ago quitted the Evangelical Church, and embraced the Roman Catholic faith. They would, added the minister, be necessarily con demned to exile. This argument, however, as is proved by the result, had no influence on the de cision of the States. SWITZERLAND. The Ti cinese Gazette states that the Federal Coun cil of Switzerland having addressed a note to the Government of Valais, inquiring whether the Jesuit Burgstaller was in the canton or not, and if so, since when ? whether the Government had authorised him to stay there, and whether he had preached ? what was his behaviour, and whether he wore the dress of the order ? The Council of State of the canton has replied, expressing its surprise at this note, and declaring that Art. 58 of the consti tution (relating to Jesuits) is observed in the Va lais as everywhere else ; that the said article does not impose on the canton any obligation respecting the stay or domicile of a Jesuit, and that the Coun cil of State is therefore unable to give the explana tions required. SPAIN. The Madrid journals of the 6th state that the Cabinet was preparing a grand plan to be submitted to the Queen after her confinement, for making reforms in the laws on elections and printing, and in those relative to public functionaries, the main tenance of public order, &c. Amongst the finan cial measures projected by it were, it was said, a complete sale of national property, an increase in the land tax, a reduction of the salaries of func tionaries, and a liberal reform of the tariffs. The ratifications of a treaty between the Grand Duchy of Baden and the Netherlands for the no mination of consular agents of Baden in the prin cipal ports of the Dutch colonies were exchanged at Carleruhe a fow days ago. A Vienna correspondent of tho Cologne Gazette states that although M. Thouvenel had in the com mencement raised some difficulties in opening dip lomatic relations with Reschid Pacha, yet after wards every unpleasantness had been removed, and the usual intercourse was going on. A letter from Cattaro of the 2d, in the Austrian Gazette, states that the new Woiwode of Wassoje wic having informed Prince Danilo that two of the tribes of Wassojewic have broken the truce con cluded with the Turks, and made an incursion into the territory of Podzoritza, devastating everything with fire and sword, the prince has sent a commis sion thither to verify the case, and to punish the chiefs for having acted without his permission. WEEKLY COMMUNICATION WITH INDIA. It appears that a weekly c ommunication with India is about to be established. The main points of an arrangement are said to have been agreed between th , ) Government and the Peninsular and Oriental Company for a mail to and from India four times a month instead of twice, as at present. It is intended to effect this by making the despatch of the mails t) and from Bombay to alternate as regards dates with the dep irture of the mails to and from Calcutta, a plan which will bring four mails each way to Suez every month, the company undertaking to place such additional steamers on the Marseil:e4 and Alexandria station as shall suf fice to convey four mails per mouth, both outward and houlaward, between those ports. It is hoped this important extension of the company's postal operations may b 3 brought into effect early next year, and it will doubtless be shortly followed by a corresponding increase iu the number of connnuni cations via Southampton. SIGNOR LABLACHE.—We are authorised to state that there is no truth in the report circulated by some of our contemporaries that Signor Lablache has bad an attack of apoplexy. The great artiste is now residing on his estate nee, Napier', and ie in much better health than be has enjoyed for some time past. AMERICA. ARRIVAL . OF THE KANGAROO. ;13Y ELECTRIC AND INTERNATIONAL TELEGRAPH.) LIVERPOOL, WEDNESDAY• The Kangaroo has arrived with New York dates of the 29th ult. She brings 260 passengers, 9,680 dols. specie. The European news and the specie brought by the steamer Persia, about 1,000,000 dole., exercised immediate and favourable influence on the New York money market. A general advance took place in all sorts of securities. Illinois Central Shares ad vanced 2 per cent. ; Reading, 2/ ; Panama, 2 ; New York Central Shares, 2 ; Virginian State Sixes, 4k ; and others ranging from 1 to 5 per cent. The highest price demanded for sterling exchange was 107, but first class banks' bills were obtainable at 104, and prime commer cial at 100 to 102 k. Gold was in abundant supply, and quoted at / to 1 per cent. premium. Closing rates for leading securities were—New York Central shares, 65 ; Illinois Central shares, 85; Illinois Central bonds, 69; Michigan Southern new stock, 22 ; ditto shares, 8i ; Panama shares, 70 ; Virginia sixes, '79k. The New York Herald says : " There is beyond all question a much better feeling in the money markets. The banks are full of money, but dare not lend it on commercial papeer. The princi pal business of our banking institutions just now is turning over, renewing, and arranging in different ways their protested paper- The banks never grant exten sions, but they renew paper either the whole or in part, and keep it alive with all the additional security they can squeers out of the makers or en dorsers. A good deal of this accommodation has been extended, and it appears to be the prevailing disposition, both inside and outside the banks, to grant all the Incas. sary facilities for a satisfactory adjustment. The Cali fornia remittance of October is about due, and will doubtless be at hand this week. This will give us a million and a quarter more at least, making au aggre gate of two millions and a hall dollars for the banks to report on next Monday. The banks are daily receiving gold from their depositcrs, and it is not at all .improbable that the specie re serve shown on Monday next will be fully 13,000,000 dollars. We learned to-day that the president of one of our leading banks sent a circular to the prin cipal points of the West, urging the forwarding of grain. He gave parties shipping grain at the West to this port permission to draw upon him at eight upon remitting the bill of lading. This is, in his opinion, the best way to use money just now, and it is our opinion that he is about right." There was a prevailing impression that the suspension of the banks of South Carolina would operate as a forfeiture of their charter. The New York Tribune reports that the num ber of protests at the New York banks was consi derably lessened, and not entirely from the fact that renewals were easy to be obtained ; the regu lar payment of notes at the banks was much larger, showing in that respect a marked improve ment in the mercantile community. Philadelphia money market without material alteration. At Boston a material decline in rates for money had taken place, and the supply was more abundant. Exchange on London 95. Financial matters about the same. Miles, Adams, and Co., cotton factors, bad failed. THE AFRICAN MAIL. (BY ELECTRIC AND INTERNATIONAL TELEGRAPH.) PLYMOUTH, WEDNESDAY MORNING. The African Royal mail steam ship Ethiope, Captain George Corbett, arrived here last night. Her dates are—Cameroons, Sept. 27 ; Old Cala bar, Sept. 29 ; Fernando Po, October 1 ; Bonny, Oct. 4 ; Lagos, Oct. 8 ; Accra, Oct. 10 ; Cape Coast Castle, Oct. 11 ; Liberia, Oct. 15 ; Sierra Leone, Oct. 21 ; Bathurst, Oct. 25 ; Teneriffe, October 31 ; Madeira, November 3. She brings as cargo 2,484 ounces of gold dust, 368 casks of palm oil, 63 packages of ivory, 209 l boxes of oranges, 70 bales of moss, 40 pipes of wine, 22 bags of cochineal, and various sundries. IShe brings also 12 passengerd, among whom are Lieut. Taylor and Ensign Thomett, Gold Coast Artillery, from Cape Coast. At Fernando Po was the Alecto, at Lagos the Hecla, Hecate, Antelope, and Bloodhound. Off Wbydah, the Tenzer and Firefly. The Ethiope spoke the African mail screw steamer Gambia 40 miles west of Morirovia, Oct. 16. At the Cameroons, the season was sickly ; several deaths had occurred amongst the Euro peans. The same may be reported of Old Calabar. The trade at Bonny had been stopped for 45 days but was again resumed and was proceeding with tolerable activity. An agricultural exhibition was to take place this month at Liberia, when prizes will be given for the beat specimens of the pro duce of the country. The quarantine regulations are being strictly enforced, at Madeira, on vessels coming from Lisbon, on ace,ount of the fever at that place. The Susquehana, American screw frigate, ar rived at Madeira, Nov. 3, from this port. The squadron on the coast were well. The cruisers seem to be hard at work ; two slavers had lately been taken at Sierra Leone, one cap tured by the Alecto, which was the fourth prize this vessel had t a k en w i t hi n a few months. TUE CONSERVANCY OF THE THAMES.—The censer' vancy of the river Thames have chosen Captain Edward Borstal, R.N.,_as their sec re t ar y. EXPORT OF GOLD.—There were no gold withdrawals from the Bank yesterday for exportation, but sovereigns to the amount of 300,0001, or 400,0001. were taken far transmission to Scotl an d, th e f a ll o f the Western Bank having caused a run upon some of the other principal banks at Glasgow and elsewhere, including even t'ae savings -banks. It is rerrted that among the leading merchants in the north the announcement of the event on Monday created neither surprise nor agitation. The temporary inconvenience among depositors and note holders must, however, be extensive and severe, while the shareholders, about 1,300 in number, many of whom are women and persons of small income, out of trade, will, it may be feared, in several cases suffer almost complete ruin. The fixed issue allowed to the bank under the Act of 1844 was 337,9381., and the extinction of this, estimating a reserve of one-third in gold to have been kept against it, will be an equivalent to a contrac tion of 225,2921. in the circulation of the country—an event as undesirable at the moment as the loss of so much bullion.—Times. THE TRADE OF LIVERPOOL.—Liverpool, Monday.— The Customs Bill of Entry, published this morning, gives a return of the number and tonnage of the ships that have entered inwards end cleared outwards for foreign ports in the week ending the 7th of Nov. 1857, as well as the corresponding period of 1856. It appear that during the last week 61 ships of an aggregate tor.. nage of 31,950 tons, entered inwards, against 83 ships, 51,593 tons in 1856, being a decrease of 22 in the num ber of ships, and a decrease of 19,643 tons in the ton• nage ; the number of clearances outwards during tl e week, 73 slips, of a tonnage of 38,384 tone, against 95 skips and 53,103 tons in 1856, being a decrease of 22 suips, and 14,719 tons. The total number of ships re ported inwards from foreign ports during the present year up to the 7th of Nov. was 3,819, with a tonnage of 2,043,215 tone, against 3,769, and 2,126,960 tone in t he year 1856, showing an increase of 50 snips and a de crease ttn ohu net sw7, outward v ofa g a i nst InN 3 sv , t 6 0f4 4 0v ,9.riestiwgo3nna ships, ph . 4in p T , v3st h ,7B e 2ad, n t n o wdv t numbera 2n ; g2al th3tn.tonnage ae tsg o oee f un s o: h f i n2 p e ,a s t2hr e o l eB e ny, a n2e r l : t o d : 1856,and showing an increase of 189 ships a decrease of 55,115 tons. THE LONDON GENERAL OMNIBUS COMPANY. An extraordinary general meeting of this coolpany was held yesterday afternoon, M. V.tcosisin, president, in the chair. The report stated that it has been found neces sary to continue to erect new stables, besides premises and machi ner y f or th e preparation of A uremtses provender.sno of 3,6301. has also been hid out in the purchase of new omnibuses with all the latest improvement , , and in the alteration of such portion of the oil stock as was worth the expense. The Lumber of horses in the possession of the company on the 4th of July was 6,222, being au in crease of 313 over the number at the close of last year. The average net earnings of each omnibus are about 64. lel. a-day. Part of the unused capital not exceedinz 50,0001. is proposed to be expended on the formation of lines of train ways in various parts of the metropolis. Tne net profits on the six months' working amount to 31,5821 —out of which a dividend equal to 5 per cent. for the half-year was declared, 5381. Laing carried to next ac count. No discussion took place, and the report was adopted unanimously. A sum of 1,0001. was voted to a provident fund for the company's servants. THE MONETARY TO THE EDITOR OF THE SUN. Sift,-A` panic was absolutely necessary to open filo eyes of the nation to the absurdity of our monetary laws. Our position reminds one of a gentleman who, baying a litter of pups continuing blind longer than usual, ordered them to be drowned the next d.ly it they did not open their eyes ; and asking his man afterwards if they bad opened them Yes," said John, " but they were sinking first." So it is with us. Dreadful will be the suffering to individuals if no relief be given ; yet here, as also in India, I trust we may see ere long the hand of mercy-- "from seeming evil still educing good." Continue, sir, to arouse and awaken the nation to a sense of its folly, and ask them if, in assisting America with the gold we can safely spare, we are not helping ourselves in the most effectual way ; for if the Americans cannot take our goods, what is to become of our workpeople during the coming winter. You will oblige me by inserting, if you can find room, the following extract from my pamphlet— " The Bane and Antidote of our Monetary System" —explanatory of the policy of permitting our spare gold to be exported.-1 am, Sir, your obedient servant, HAMER STANSFELD. The Grange, Burley, near Otloy, Nov. 10, 1857. 7tb. That the Act of 1844, in seeking to maintain the convertibility of the bank note into gold through the means of pressure, by contracting the note circulation as the gold flows out, raises the rate of discount, make■ money dear, and everything else cheap—and produces incalculable mischief. The reputed author of the bill, S. J. Loyd. Esq., now Lcrd Overstone, gave the following opinion before the Lords' Committee, " I think that a relaxation ought only to take place in the last extremity, and when the inconvenience arising from the pressure has produced all its legitimate effects in rectifying the ex changes and the danger of general confusion has become imminent." In other words, that a panic should pre viously exist ; an opinion fraught with greater evils to a commercial community was surely never uttered. It is contended that there is no other way of bringing the gold back and of maintaining the principle of the converti- bility of the note, which is and ought to be, the basis of onr monetary system. But gold, like water, will find its level ; if it flows out too freely from this country it will overflow in others, its valne will fall and rise here, and it will then naturally return to the most profitable mar ket. It is only during its temporary absence that this convertibility is endangered. This was fully admitted by Mr. Morris in his evidence before the Commons' Committee in 1348. He was asked— "Q. Did you not say that there was a natural ten dency in trade to rectify itself l—Yes ; if a sufficient period of time is allowed, there is a natural tendency in trade to adjust itself ; but the rectification does not take place so rapidly through goods and securities, as through the medium of the precious metal, "Q. But during the absence of the preoions metals, might it not be advantageous to the country and pre ventgreat loss, if we had atemporary substitute for those precious metals ?—lf you have a temporary substitute in the absence of the precious metals, you do away with the convertibility of the note ; I am always bearing in mind the convertibility of the note. •' Q. Then the price of the convertibility of the note, under that state of things, is the disemployrnent of lab nr and the ruin of the merchants of this country —The pressure which the export of the precious metals causes, naturally will cause failures of parties who may have been over-trading, and will also cause a fall in the price of goods. " Q. And it will lead to a disemployment of labour I —Probably for a time it may lead to a disemployment of labour." Now the danger to the convertibility which he appro. hands may be averted, and the extreme fluctuations in the rate of discount at the same time avoided, by granting to England the same privilege which Scotland and Ire land possess, of using one p ,rind notes. By empowering the Bank to substitute 30,000,0001. of notes for sove reigns—as circumstances might render necessary, dope. siting one•third of the sovereigns as a guarantee for the convertibility of the notes (admitted to be a safe propor• tion), we should have a reserve of 20,000,000 wherewith to protect the circulating medium against export, and to keep steady the Bank rata of discount. Let the Bank of England abide by its former rule cf never discounting under 4 per cent. ; and when its reserve is so much reduced by a drain of gold as to make an advance to 5 per cent. necessary, let them avail themselves of this power of issue, on paying interest to the Government at the rate of 4 per cent.forthe advance s c o a b n t a c i a n n e e d d , aFn or r w e v h e e r n y n t h o r l e o e n s g o e v r e rei wanted g n sr e t c h e e i vneedt ine eoroceuhsleadravbgeee for notes they would be able to ad d two t . o rc t u h l R tampering with he obtained without in the slightest degree The market rate of interest would be left t he currency. the e a l t r ion woold By this means a power of regulating find its natural level , an d the arbitrar y interfe rence to of a Joint Stock Company like the Bank of England with the value of money would be counteracted. Th e operation of this national rese w r th v h e iisch w co o ud u ne ld ptrey r n e da se n m udp b oo le nth t e h trh a se t of a reservoir for supplying canals during periods of am The eynts between Exchanges, d b r a o l a u n g c h e t .0 of p would adjust themselves without the ruinous depreoia: tion of prices en t ailed by the pressure of our present system. If our imports exceeded our exports, say, by 5,000,0001., that amount of gold would probably have to be sent from the Bank Reserve,—the balance due to foreign countries would therewith be paid—the Exchanges woul I be adjusted--and the vacuum in the Bank Re• serve filled up by the mode suggested. When of gold took place, which in the course of time would naturally occur, and would be accelerated by the Bank rate of discount being 5 per cent. (higher than rules , generally on the continent) then the Bank Reserve would be increased, and sovereigns instead of one pound notes again be issued, as it would no longer snit the Bank to pay 4 per cent, to Government for the acoomniodiktion. Under such a plan gold could be exported as a com• modity without diminishing the currency, and might flow in or out of the cou n t r y w i t h out crea ti ng any greater anxiety or speculation than the import or export of any other commodity to the same amount. THE MONEY CRISIS. NECESSITY FOR THE SUSPENSION OF THE BANK ACT. TO THE EDITOR OF THE MIN. SlR,—With the exception of the Times (which paper, all powerful as it is, seems determined to uphold the Bank Charter at every hazard —even to that of prostrating the entire trade of the United Kingdom), the Daily N ews, an d your own influen tial paper, and other leading journals in London, seethe r nec essity slie o I the ° f money Government market as it did in 184 7. stepping forward uingto to the e Seeing clearly what was coming, I endeavoured, on the 13th of Oct. last, toirnpress upon the readers of The Mercantile Journal, the great necessity for such a step, as it was, and is, folly to imagine that an advance of afewper cents. in the rate of discount will pievent gold leaving the Kingdom, so long as produce can be bought with it abroad 40 or 50 per oent. under par. Since the Ist of Oct., the rise on discounts has been 4} per cent., equal to an addi tional load upon the commerce of the nation of no less than 20,000,0001. sterling, calculating 600,000,0001. as the average amount of floating bills of exchange I Can any mercantile country, however rich in re sources, withstand such a crushing influence as this for any length of time ? and, yet, the. Times has the hardihood to say, in its monetary article of this day, that "it does not see any necessity for Go vernment interference." Sir, I take the liberty of repeating now what I have said weeks since. fitl the merchants of the nation arouse themselves, and respectfully call upon the Government to suspend the Bank Act, pro tempore, ere it is too late. It is not the restriction to any particular rate of die-. count that is now required—it is confidence—confi dence in the merchant being able to obtain cash for his bona fide billswhan he requires it. At present,, he cannot have this ' as the operations of the Bank h Act, close t the yare pockets most r e qu i red o o s f the banker s be op att e h n e , very and moment consequently they are obliged to refuse discounting a large proportion of the paper offered to thew, irrespective of their character. At the present moment, there aro between sixty and seventy millions of sovereigns in circulation throughout the United Kingdom ; a large pro: portion of this immense supply is paralysed by the extinction of notes of small denomination in Eng land —say, of 11.21. and 3/. notes—the use of whieh would, as a matter of course, release a correspond ing value of gold to the amount of small notes issued, or nearly so, and thus give an immense additional supply to meet the foreign demand. Let the Bank o f E ng l an d , an d other banks of issue in England, be authorised to circulate, saYI, 20,000,0001. o f th ese sma ll no t es , an d l e t Bank or. England and Bank of Ireland notes be made legs' tender throughout the United Kingdom, and mone tary matters will promptly assume a more satin: factory position, confidence will be restored, and we will hear much less opposition in future to the Banking Act of 1841. If the supporters of this Act will not listen. to any comprotnne, no matter how reasonable, they way expect to find that their whole financial fabric will tumble about their ears ere very long. The amount of bullion at present in the vaults of the Bank of En_ and is about the same as it was ou the 24th October, 1847, wLeu the fam° lls Government letter was issued, and the r eserve of Notes rapidly diminishing to a dangerous figure. In such a tiwe as this, promptness of action is re quired to save the nation fn•in the consequences of a fearful monetary panic. TLIE EDITOR OF " THE BELFAST MERCANTILI4 JOURNAL." Corn Exchange, Belfast, 9th Nov., 1857. P.8. 7 j understand that the merchants of Glag: gow, Live r p oo l, an d M anc h es t er , have petition ed or are ab ou t t o pe titi on th e Government tointer fere. Let every town in the United liingdou follow their example. ~