The Sun. — London, England, 1857-12-02 00:00:00

t 1 HER MAJESTY'S THEATRE. GREAT CLASSICAL CONCERTS. A H A.YDN NIGHT, A MOZART NIGHT, A BEETHOVEN NIGHT, A MENDELSSOHN NIGHT, and A WEBER NIGHT. M. JULLIEN has the honour to announce that, in cense- , quence of the great number of persons unable to obtain admis sion during the last performance of the " Indian Quadrille," he has made arrangements to postpone his departure for the provinces, and to give a few more concerts at Her Majesty's Theatre. The great and unprecedented success attending the " Indian Quadrille," and the other works lately pro duced, has prevented M. Jullien giving those classical nights which he was the first to introduce to the English public, and which have always been received with such distinguished favour by musical amateurs and the public generally. In order to comply with the repeated requests of his nume rous patrons, M. Jullien has arranged for a SECOND SERIES OF CONCERTS, which must necessarily be of very limited duration, owing to his departure on his provincial tour shortly before Christmas. It is his intention to give during their continuance, a " Haydn Night," a " Mozart Night," a •' Beethoven Night," a " Mendelssohn Night," and a " Weber Night." On these occasions the first part of the programme will be selected solely from the works of one of these great masters. The second part will be varied as usual 3fadlle. Jetty Treffs, and M. Edouard Remenyi. The highly Successful INDIAN QUADRILLE, and SENERAL HAVELOCK'S GRAND TRIUMPHAL MARCH THIS EVENING (WEDNESDAY, December 2), will be produced the New Grand Descriptive Composition, by M. Jullien, entitled THE INDIAN QUADRILLE, and GENERAL HAVELOCK'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." M. Jullien has the satisfaction of announcing that he has succeeded in retaining the services of that popular vocalist, Madlle. JETTY TREFFZ. At the close of this Second Series of Concerts, Madlle. Jetty Treffz will leave London for Vienna, M. Jullien having been unable to induce her to stay, even for his provincial tour. Soloists of the highest celebrity are also engaged for each of the Classical Nights, including the celebrated pianiste, Miss Ara bella Goddard, and the Hungarian artiste, 11. Edouard Re menyi, solo violinist to her Majesty. The magnificent decorations which were prepared for the Bal Masque will remain during the continuance of these Con certs. The whole theatre will be ornamented with wreaths and garlands of flowers, in gold, silver, and colours. The decorations have been prepared by Messrs. Chabot and Co., who were c arged with the decorations for the grand ball at the reception of the Emperor Napoleon 111. at Stuttgart, and who were engaged, at a great expence, for the express purpose of arranging at her Majesty's Theatre a display which will be seen for the first time in this country. M. Jullien feels confident that he will receive, for his Second Series of Concerts, a continuance of that distinguished pa tronage and support which have already been so freely ac oorded to him. The Concert will commence at 8 o'clock. Prices of Admission—Promenade, ls ; Upper Roses, Is. ; Gallery, Is. • Dress Circle, 2s. 6d.; Private Boxes, 10 s. 6d. and upwards. Prospectuses, with full particulars, may be had at the Box office of the Theatre ; of all the principal libraries ; and at Jullien and Co.'s, 214, Regent-street. A Mendelssohn Night will be given To-morrow (Thurs day). T HEATRE ROYAL, HAYMARKET. Lessee—Mr. J. B. Buckstone. IRIS 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, a new farce, by the author of Box and Cox, entitled TAKE CARE OF DOWB, in which Mr. Buckstone will sustain an original character. Concluding with THE FISH OUT OF WATER. Savoury, Mr. Compton. Sam Orchestra Stalls (which may be retained the whole of the evening), 6s. each. (No charge for booking.) First Price. s. d. Second prico. s. d Dress Boxes 5 0 Dress Boxes 3 0 Upper Boxes .. 3 0 Upper Boxes 2 0 Pit 2 0 Pit 1 0 Lower Gallery 1 0 Lower Gallery . . 0 6 Upper Gallery 0 6No half-price to Upper Gallery. lOYAL PRINCESS'S THEATRE. Proprietor, Mr. Charles Kean. THIS EVENING, will be performed Shakspere's Tragedy of KING RICHARD H. King Richard 11., by Mr. Chas. Kean ; Queen, by Mrs. C. Kean. Preceded by a new farce, in one act, entitled A CASE OF CONSCIENCE. T HEATRE ROYAL, AD EL PHI , Lessee—Mr. Ben. Webster. VHS EVENING, will be performed THE MIDDY ASHORE. Miss Marie Wilton. After which, a new romantic drama, called THE LEGEND OF THE HEADLESS MAN, and in which Mr. Benjamin Webster and Madame Celeste will perform. Pollowed by the original Apropos Sketch, entitled THE DRAPERY QUESTION ; or, Who's for India I Messrs. Wright, P. Bedford, C. Selby; Miss M. Wilton and Miss Xa l 7 ?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'i new opera, THE ROSE OF C STILLE. Characters by Miss Low... Pyne, Miss Susan Pyne, Miss Marian Prescott, Mr. Weiss, Mr. A. St. Albyn, Mr. G. Honey, fir. Wallworth, and Mr. W. Harrison. Conductor, Mr. Alfred Mellon. To conclude with the new Farce, entitled A PAIR OF PIGEONS. Mr. G. Honey anti Miss Cuthbert. Private Boxes, £2 12s. 6d,, £2 2s„ and V. lls. 6d. ; kitallg, 6s. ; Dross Circle, ss. ; Upper Boxes, 45.. ; Pit, 2g.; Gallery, Is.—The Box Office is now open daily, from 11 to 5, under the direction of Mr. Chatterton, jun. ROYAL OLYMPIC THEATRE. Lessees, Messrs. Robson and, Emden. THIS EVENING, will be performed a new and original cr,medietta, by Sterling Coyne, Esq., called WHAT WILL THEY SAY AT BROMPTON ? Mr. Robson, &c. After which, LEADING STRINGS. To conclude with the original Extravaganza, by Robert Brough, Esq., called MASANIELLO. Messrs. Rob s.ln, Cooke, Danvers, &c. ; Misses Swanborongh, Thirlwall, Hughes, Bromley, and Mrs. Melfont. Comme - Ice at half-past Seve,-. 7 ?OYAL SURREY TETEATRE, LegEes, Mesln. Shepherd a l I ( -1 , ...re3wiek. THIS EVENING, will bo performed TIIE WIFE'S RE. VENGE. After which, INDIA, 1857. Messrs, Shepherd, Cres• wick, W. Smith, Vollaire, B. Potter, Widflicrunb, Belmar Tapping' ; Miss M. Eburne, Miss Webster, dies Chalmcr3, Miss Johnstone. To conclude with WELLINGTON FIC,";S, ANTERBU EL Y HAUL, Weßtmi tor-road. — OPEN EVERY EVENING.--ih© company of q'ocalists aro engage , ' for the performance of S .I.Altions from all the popular OPERAS, MADRIGALS, 'JHORUSES, GLEES, DUETS, iss Russell, Mrs. Badzer, Madlle. Marietta, Mrs. Paimyrc, %T.l•is Bra ved, and Madame M - I,rietta ; T,ferr F. .I . ,.l)mans, Mr. ilonshaw, R. Grover, 1 1 , Far -arit, !;1. ;tile,. J. Parlor, W. Mellirg, Senor Anortir,, E. L. [lime, end Hr. St. Albyn; Messrs. S.Collins, W. I. CritclCeld, :Lnd E. Mack ney. Pianoforte, Mr. Cecil Hicks: harmonium, Master Williams ; Director, Herr F. Joughmans. , - 'ommence at Raven o'clock precisely. Supp , rs, until twelve o'clock. HIGH WATER AT LONDON' Bltiffilr, THIS DAT—Morn., 49 min. aft. I—Even., 13 min. aft. 2 To-MORROW—Morn., 39 min. aft. 2 -Even., 4 mJn aft. 3 THE WEATHER—Sux OFFICE, DECEMBER 2. THEramomzTEß, IY TME STlkDn]. 57—highest since noon yesterday. 51—lowest this morning and during the night. 56 —this day at noon. BAROMETER, 30.10—rising again. WIND, S. W. ; light, with mild muggy weather. At, 10 LONDON, WEDNESDAY, DEC. 2, 1857. To-morrow Parliament will assemble for the despatch of business, and the C )mmunity look with intense anxiety to the indications that may be afforded in the Royal Speech respecting Minis terial intentions for the approaching Session. One question must necessarily take precedence of all others. There has been a direct violation of the law of the land—a financial coup d'etat—the im perative necessity whereof was its sole justifica tion. We do not blame Ministers for averting a Scene of general confusion and dismay ; on the contrary, their mistake was in the other direction. They held out too long, and occasioned a vast amount of distress and suffering to the commer cial and manufacturing interests, by their obsti nate adherence to an obnoxious and most im politic enactment. It was only to save the Bank of England itself, that they at length interposed, and that fact must be borne in m i n d b y every the monetary reform er. If suspensi on of the restriction were a t all j ustifiablq, a rel axing ow should be placed somewhere, and the supp orters Of the Act of 1844 are placed in this dilemma, that either there should be no indemnity, in w hi c h case the Charter would be forfeited, or every pos sibility of a similar occurrence should be rendered impossible, by the abrogation of the_law that has twice occasioned wide-spread ruin and distress ; and been twice suspended, on the authority of Her MAJESTY'S Ministers, for the time being. It is neither constitutional nor judicioui ti create tco many precedents for the habitual violation of the existing statute law by the Executive Government. Such examples may be turned, at a future tim•, to purposes not very agreeable to the free people of this free country. In Mr. TWELLS'S brilliant oration, at Rut Ret ford, he explained, in a single sentence, the whcle question at issue between the "hard calcu- lators" (we shall never againterm them bullionists) and the monetary reformers. The whole tenor of their writing—the sole principle by which they are actuated—is, "Perish the People of Eng land, but let the hard calculator grasp his 15 per cent." That is the point that is now to be decided, on which the nation should declare its views and wishes clearly and intelligibly, and on which the Legislature must re-echo the voice of public opinion. It is not cheapness only that is required. - Undue cheapness may be the destruc tion of the productive classes, as well of the manufacturing as of the agricultural population. " The labourer is worthy of his hire," and he should receive it. What he requires is the pur chasing power, that he should be enabled to ob tain that great desideratum—" a fair day's wages for a fair day's work," so that he may procure the absolute necessaries and the very moderate comforts which he alone requires, and which are suitable to his position. Cheapness is of compara_ tively trivial importance, if it is accompanied by the absence of means to purchase goods, oven at depreciated prices. It is better to have prices enhanced 10 per cent. with full and ample em ployment, than to have them reduced 20 per cent. and be placed in the condition of an unprofitable consumer, a miserable pauper, dependant on the tender mercies of the Union Workhouse ? The industrious classes produce, as Mr. TWELLS so clearly explained, far more than they consume, the drones (or, as they were properly designated, the fridges consumere nati), consume fa; more than they produce. It is manifest then that the former, that is to say, the great body of the people —the toiling millions—must be benefited by high prices rather than low. The advocates of the Bank:Charter Act, " the hard calculators," look only to 15—aye, by our Lady, to 20 or 30 per cent.—the state of affairs which the Times admitted must have arisen, but for the suspension of the Bank Charter Act, for which it was so exceedingly indignant. There is not, according to the tenor of Mr. TWELL'S address, one word of heartfelt regret, nit any re lenting for all the anguish, and privations, the broken fortunes and the broken hearts, which this Bank Charter Act is at this moment causing. There is nothing said of the distress and poverty of the people thrown by thousands, and tens of thousands, out of work, without any fault of their own. No commiseration for the working men, by whose humble firesides suffering, poverty, destitution, and starvation, are taking up their winter's abode. Nothing of these matters is specified in the bond—the pound of flesh must be given to the utmost scruple. But how are these evils to be averted ? Simply by the means pointed out by Mr. DWELLS, and by a respected correspondent, whose very able article, headed " Money is Power," will be found in another part of our impression. We want a large issue of paper money, receivable in payment of taxation and of every liability, and which might properly be termed " Exchequer notes" for 11., and the fractions of a pound upwards. The tax gatherer absorbs more than 1,200,0001. per week, and means should be taken to keep up an equable supply, to provide for the hebdomadal drain, so that from 20,000,0001. to 30,000,0001. of national small notes should always be in circulation. This plan would keep money at a fair rate—say from 3 to 4 per cent—with which industry could thrive, and those who had property, or the proceeds of - accumulated labour, would receive just the reward of form erproviden ee on their own part, or on that of their anceetors. The fluctuations in the rate of interest " more disas trous than the failure of all the banks of issue that ever stepped payment would be averted, and the only discontented person would be " the hard calculator," who could not make 25 or 30 per cent. for his money. Let the people consider which state of affairs is most desirable, and give expression to the opinions which they have arrived at after due deliberation. The Bank Charter Act and the future Govern mutt of India must be fully and dispassionately discussed during the rapidly-approaching session of Parliament. On these points Lord PALMER CTON has no option. There is an irresistible ne cessity urging him onward. But the main point to be ascertained is, whether the anticipated Re form Bill is to be bucked—whether the solemn pledges given during the last session are to be deliberately violated on frivolous pretexts. There will be ample time between this and August to discuss its provkions. If Lord PALMERSTON ever intended to keep his word, he must at ail events, have the measure prepared. He can explain its provisions—can state how far he will cxtend the franchise—and, still more important, what protection he is disposed to afford the voter against undue influence. Full freedom of choice is also required by the different constituencies, so that they may be enabled to return the man whom they believe to be best calculated to represent their wants and wishes. The privilege belongs to the constituencies, and not to the candidate or Mem ber, and the effect of the property qualification— frequently as it is violated—is only to produce class legislation. The duration of Parliaments should also be considered, so that Right Honour able and Honourable Gentlemen should be com pelled to render accounts of their stewardships at not too distant periods. There should also —without demanding mathematical accuracy—be some approximation to equalisation of electoral districts, so that a few score of voters in a nomi nation borough, or, to use Parliamentary language, a borough in which there is "a prevAiling influ ence," should not possess equal weight with a constituency, where the electors were numbered by thousands or tens of thousands. These are " five points" to which attention must be directed, and on which there must be reasonable, we do not demand extreme, concession. The constitutional theory is, that taxation must be accompanied by representation ; that every man who is required to contribute to the national exigencies should have a voice, either by himself or by some person whom he has selected to ex press his views and feelings. It is obvious that this is not at present the case, and therefore an extension—a large extension—of the franchise is, as we have stated, indispensable. At present there arc at least five millions of male adults, and less than one million of voters. One in five is certainly too small a proportion. We should not have four•fifths of the people reduced to the condition of political cyphers. Bnt, without protection. to the voter, this extension would be worse than useless ! The ballot can aline prevent bribery and corruption, and, what is even stilt worse, intimidation. That intimidation assumes many distinct lorins. It may be impossible to depict all its varied aspects. Secrecy of voting can alone ensure conscientious voting, and that must be secured in the only possibl.) way—the Ballot. Without that paramount point, a Reform Bill will be nothing but " a mockery, a delusion, and a snare." We shall not at present enter into details. It is sufficient to indicate the general features. Lord PALMERSTON and his coadjutors must be prepared to state their plans, and when these are developed they will be strictly scrutinised. Should he com ply with the national will, he will secure for him .3lf an indestructible monument, "cerc perennius." His name will long live in our memories, " fami- liar to our ears as household words." Should it be otherwise, the magnitude of the failure will even exceed that of his possible triumph. Great indeed will be his fall, and deplorable the revulsion of feeling towards one who has had so great an opportunity, and let it pass neglected and for ever lost. rHE S:CN LONDON, WEDNESDAY E V!.1E11 ENG DECEINIBER, 2, ISS The report of the Peninsular and Oriental Steam Company issued preparatory to their meeting on the sth recommends the usual half-yearly dividend of 3 per _ _ cent. and a bonus of like amount. Ta FALKIRK BANK CASE.—Her Majesty has been pleased to remit the remainder of the sentence in the case of Thomas Gentles, one of the two young men who were convicted at the Stirling circuit on the 29th Sep tember last, and sentenced to 18 months' imprisonment for breach of trust awl embezzlement in the branch of the Commercial Bank at Falkirk. The two young men, it will be remembered, were the instruments by which, in a great measure, the late Henry Salmon, manager of the bank, was enabled to embezzle its funds, his defal catione amounting in all to about 26,0001,, and, though the jury expressed their belief that the young men had received no porticn of the money, they were found guilty as aiding and abetting the manager in perpetrating his frauds. Gentles was liberated from Perth Penitentiary on Saturday. PRICE OF GOLD.—The quotation of gold at Paris is about 5 per mille premium, and the short exchange on London is 25.37} per 1/. sterling. On comparing these rates with the English Mint price of 3/. 17s. 100. per ounce for standard gold, it appears that gold is about 3-10ths per cent. dearer in London than in Paris. By advices from Hamburg the price of gold is 424 per mark, and the short exchange on London is 13.6 i per 1/. sterling. Standard gold at the English Mint is there fore about 9-1001 s per cent, dearer in London than in Hamburg. The course of exchange at New York on London for bills at 60 days' sight is about 1081 per cent, for first-class paper. At the present rate of dis count here there is consequently no profit on the transmission of gold from this country to the United States. A RAGGED SCHOOL ENTERTAINMENT.—On Friday evening last, the 27th ult., the children from no less than 16 of our Metropolitan Ragged Schools were again assembled together by that good friend of the ragged school children of London—Mr. W. H. Miller ; and (thanks to that same good friend) were charmed, both through their eyes and their ears, with a most delight ful entertainment. The entertainment was both de lightful and instructive, It was entitled, after the fashion of one of Charles Reade's moral romances of everyday life—" Honesty is the Best Policy." As in the instance of the admirable but more didactic entertainment given last winter in the same place (Doughty-street, Lambeth. walk), under similar circumstances, by the same gen tleman, the spoken description was very strikingly illus trated by a moving panorama, painted by Mr. W. H. Miller himself, the accomplished and humane originator —in regard to ragged schools—of this attractive species of cnterta:nment. SERIOUS ACCIDENT.—Oa Friday evening, about six o'clock, as Miss Miles, sister to Mr. P. W. S. Miles, for merly member for Bristol, and half-sister to Mr. W. Miles, M.P.,for East Somerset, was returning to Kings weston-park from Bristol, an accident of a very serious character occurred. On arriving at the bill leading to the lodge entrance of the park tho coachman passed the park gate, and, discovering his mistake, turned the horses sharply, and in so doing overturned the carriage on to a bank. Miss Miles, who was the only per son inside the carriage, had her hand severely cut by the breaking of one of the windows ; but, assistance being speedily procured from the lodge, she was extricated without further injury. The footman, who was on the box, sustained a severe concussion of the brain ; and the coachman, who fell on the footman (the carriage coming upon both of them), sustained severe internal injuries, ind his life is despaired of. At no former period has there been more activity in the shipbuilding department of Chatham Dockyard than at the present, in order to get those vessels brought forward forlaunching which are ordered by the Lords of the Admiralty to be completed forthwith. The various ships now constructing at this dockyard give an aggre gate of 20,000 tons, among the most forward being the Hero, 91, screw steamer, which is nearly completed and ready for launching. The Hood, 9'), screw steamer, has been twice lengthened, and converted from an 80 gun sailing vessel to a screw steamer ; she will shortly be ready for launching. The Irresistible, 80, screw steamer, is to be fitted with machinery of 400-horse power. The screw frigate Mersey, 40, has several hundred men con stantly employed on her, in order that she may be com pleted and launched early in the ensuing year. The Charybdis, 21, screw corvette, is in a very forward state, and will shortly be reported. Three new screw steamers —the Atlas, 91, the Bulwark, 91, and the Orpheus, 22 —are to be built at that establisment. At a meeting of the African Steam Ship Company yesterday afternoon, Mr. P. D. Hadow in the chair, the report and accounts were adopted unanimously, and a dividend declared for the half-year ending the 31st Oct. of ss. per share, being at the rate of 5 per cent. per annum, free of income•tax. The chairman congratu lated. the proprietors upon the improved prospects of the undertaking, although the board had been unable to obtain from the,. Government any modification of the present unremunerative mail contract. A new steamer —the Armenian, of 1,140 tone—has been bought to supply the void caused, by the loss of the Niger, and from the pressure upon the money-market the price paid has been only 16,0001 or about 141. per ton. A short conversation took place upon the valuation of the com pany's vessels in the accounts, the nature of rendering the accounts themselves, and some printed statements ' that bad been circulated among the shareholders, and in each case the chairman gave explanations satisfactory to the meeting, The development of the internal African ' trade is relied upon by the company to insure their permanent prosperity, and it was stated that river steamers drawing little water could penetrate the inte rior as far as Tialbuctoo. SOUTHAMPTON, Dec. I.—The Peninsular and Oriental Company's steam-ship Euxine, Captain Jamieson, sailed to-day for Plymouth, where she embarks troops for India. The sailing-ship New Great Britain, Captain Kerr, which put in hero on the 11th ult., having been ashore at Dunnose while on her voyage from London for Hong Kong,. with a general cargo, sailed hence to day for her destination, having completed repairs and reshipped cargo. The directors of the Peninsular and Oriental Company have notified their acceptance of a contract with the Spanish Government for the fort nightly conveyance of mails bet ween H ong K ong an d Manilla, to commence in March next ; but as they have already placed one steamer on the line, goods and parcels for Manilla will be taken by the steamers leav ing this pert on the 4th Dec., Ja n ., an d F o b. Th e fol lowing changes have j ust taken place in connection with the Customs establishment at this port :—Mr. P. Smithett, landing surveyor, retires on superannuation ; Mr. J. Brendt, landing surveyor at Hull, removes to Southampton ; Mr. R. H. Minns becomes the senior landing surveyor at this port; Mr. C. J. Clarke, landing waiter at Southampton, is promoted to be landing sur veyor at Hull. By theee changes a vacancy occurs among the landing waitersin the Southampton estab lishment. ST. JAMES'S HOME FOR PENITENTS.--We understand that an a eylum has been opened at Whetstone, Finchley Common, for the reformation of fallen women cf a class somewhat superior in point of education, social standing and comparative inexperience in vice to the great ma jority of those who are to he found in most of the existing Refuges and Penitentiaries. It is to be called the St. James's Refuge and Home for Penit en ts, a s h av i ng originated wittythe parish of St. James's, Piccadilly, but it will be open indifferently to applicants from all parts of the metropolis or of the country, Accommodation has been provided for 20 penitents under a Lady Superin tendent and an Assistant. The DAN) of London has c rnsented to act as :Visitor o f th e I nst i tut i on an d th e Rector of St James s will be the President. Th, want of a house of this peculiar kind has long been felt by all who have had to do with penitentiaries. At a time when public attention is being more than ever directed to that "great sin of great cities," which has of late years in creased to an extent seriou.ly menacing to the health of society, and strenuous efforts are being made to check it by the prosecution of persona keeping houses of ill repute and the closing of casinos, it is gratifying to find that a regard is being paid to the welfare of poor " un fortunates," who are, atter all, in great measure only the victims of a corrupt state of society, for which every individual is in some degree responsible ; any attempt to improve the Penitentiary system on however small a scale, will be welcomed by all true philanthropists. A MODEST Sewer' Barerenuree—The Edinburgh, Gazette of Friday, under the head of " Scotch Bank ruptcy contains this unobtrusive notification :—" John Edward Stephens, residing in Northumberland-street, formerly banker, and lately of Gothic-lodge, Twicken ham, county of 7 16Iiddlese, to ho examined in Sheriff's office, 7th December, at 12. John Edward Stephens is rather aeon:mon name, and a common name is sometimes of essential advantage to a man. If, in this case, ;it had unfortunately been Humphrey Stephens there might have been some ground for public recognition. " For merly banker," too, Is a common description enough ; for, who in the course of his life has not had the d Twickenham," is n o t p articularl y misfortune t o b ecome the holder of a share in some fraudulent joint-stock bank ? Again , " latel y of Gothic-loge) definite at a t a ti me w hen you cannot take a Aron round ray o ne o f th e metropolitan suburbs without meeting with a Nottiogharn-house, a Tonbridge-villa, a Matlock-cottage, or a Richmond -lodge, at which some modest Jones, Stephens, or Brown has not lately " re sided." Leet th e p u blic, after guessing again and agr.in in vain who thi s J o h n Edwards Stephens, of Northum berland-street, ' Edi n burgh, can be, should at length conclude that he is a myth, er that is one of those cases so aptly described by the poet, of " modest merit born to blush unseen," it may be stated that the Mr. Stephens here referred to is no other person than that celebrated financier, the Mr. John Edward Stephens, lately army or navy surgeon, and manager of the London and Eastern Banking Corporation. The practice among debtors in the county of Middlesex to emigrate to Scot land having of late become fashionable, it may be well to take cognisance of the fact. Such of them as do not like to face Basinghall-street find it much pleasanter to take up a residence for 40 days in Scotland. Bank ruptcy cases are in Edinburgh much snore gingerly handled, there is greater privacy, and creditors may be deterred from incurring the great inconvenience and ex pence of a journey of several hundred miles from Mid dlesex in order to lay their complaints before a Scotch sheriff. The time would appear to have arrived when the bankruptcy laws of England and Scotland should be either assimilated or the jurisdiction of the latter be subjected to very necessary and most wholesome abridgment. The amount owing by this man and his intimate meeciates to the unfortunate shareholders of the London arid Eastern Bank i 3 very large. Colonel Waugh, its principal dirctor, cannot be had. The state of his health rendered hie departure for France and Spain necessary at a time when his dupes wanted him here. We leave now the inantigt.r, Stephens, getting quietly relieved from his liabilities in the She/Ill's-office ; Edinburgh. It is to be hoped that when he makes hie appearance in that office on the 7th of December some of his London creditors may be " there to see." THE ROAD TO INDIA. The first body of British troops sent out to India through Egypt was embarked at Malta on the Ist of October, 200 in number, reached Alexandria on the 4th, was conveyed from the steamer at that pie - it) to the steamer at Suez in 26 hours,and reached Aden in perfect health and efficiency on the 13th —the transfer from the one garrison to the other having thus occupied only 12 days. In the newly published report of the Directors of the Peninsular and Oriental Steam Navigation Company, by which this important transit service was performed, the following passage occurs " The application to his highness the Viceroy of Egypt for the means of transport of an increased number of passengers and baggage, not only met with ready assent, but arrangements of the most efficient character were immediately made for the rapid and comfortable transit of the troops ; while his highness conveyed to the company's agent the following expression of his feeling in the matter : The Viceroy is very desirous to convey through his country as many soldiers as possible,' and so great a disposition does he display to facilitate their movements, that he adds, I will consider them not as transit passengers, but as my own, and will carry them by my private engines, carriages, and trucks.' "—Daily News. COMMERCIAL FAILURES. The suspension was announced to-day of Messrs. Hermann Cox and Co., of London and Liverpool, a respectable and well-known house, chiefly en gaged in the cotton trade. The liabilities are esti mated at about 60,0001., and the prospects of the liquidation will ultimately depend upon the reali sation of the stock of cotton in hand and the amounts that may be recovered on bills held upon failed houses. The firm hope to make such arrangements as will enable them to resume. Annexed is the circular lisued " 18, Mark-lane, Dec. 1. " It is with the deepest pain we Lave to inform yot that, in consequence of very severe and sudden losses, we are compelled to suspend our payments. " We have placed our books in the hands of Messrs. Quilter, Ball, and Co., with instructions to prepare a statement of our affairs, and submit the same to our creditors, as soon as practicable.—Respectfully, HERMA.NN COX AND CO." The suspension has also been announced of Messrs. Bischoff, Beer, and Co., merchants, con nected with the East India and continental trade, with liabilities for about 30,0001. Their circ lar states as follows : I" London, 12, Bucklersbury, Nov. 27. " It is with deep regret that we have to announce to you that, in consequence partly of unexpected delay in the receipt of remittances from Calcutta, and partly of the failure of certain houses on the continent, we find ourselves under the necessity of suspending payments. " We confidently trust that this suspension will be only momentary, as our books show that our business is in a sound and wholesome condition, and that now we only yield to the pressure of the times. " Our affairs have been placed is the hands of corn• petent professional men, who we hope will very soon be in a position to report to you satifactorily. " BISCHOFF, BEER, AND CO." COURT CIRCULAR. His Serene Highness Prince Edward of Same-Weimar arrived yesterday on a visit, and dined with her Majesty in the evening. The party also inoluded their Royal Highneuses the Duche.s of Mont, the Princess Royal, and Prince Frederick William of Prussia ; Viscountess Stratford de Radcliffe, Lady Anna Maria Dawson, Lady Dawson, Lady Augusta Bruce, Major-General the Hon. Charles and /this. Urey, the Rev. W. Canning, the Dean of Windsor, Captain v. Schweinitz, and Dr. Wegner. The Queen, with the Princess Royal, rode in the Riding-house this morning, attended by the Hon. Bea trice Byng, His Royal Highness the Prince Consort went out 'hooting, accompanied by the Prince of Wales, Prince Frederick William of Prussia, and Prince Edward of Saxe-Weimar. Lord Rivers and Mr. J. Ormsby Gore have succeeded the Earl of Caithness and General Sir E. Bowater, as Lord and Groom in Waiting. Major-General the Hon. Charles Grey and Captain du Plat have relieved Major-General Buckley and Capt. the Hon. D. de Roe, as Equerries in Waiting to thy Queen and Prince Consort. A Cabinet Council was held, yesterday, at the official residence of the First Lord of the Treasury in Downing street. The Ministers present were—Viscount Palmer ston, the Lord Chancellor, Earl Granville, the Marquis of Lan-downe, the Earl of Harrowby, Sir George Grey, the Earl of Clarendon, Mr. Secretary Laboucbere, the Chancellor of the Exchequer, Sir Charles Wood, the Right Hon, R. Vernon Smith, Lord Stanley of Alderley, the Duke of Argyll, and the Right Hon. M. T. Baines. The Address of the Lords, in reply to the Speech from the Throve, will be moved by Lord Portman and seconded by Lord Carew. A marriage is arranged, and will shortly take place, between Mr. Alfred Buckley, son of Ger•ral and Lady Catherine Buckley, and Miss Geraldine Mildmay, youngest daughter of Mr. George Mild may. The Duke and Duchess of Roxhurghe have left the Clarendon, for Floors Castle, N.B. The Marquis of Breada[barie arrived at his mansion in yester lay, from Sootiand. Her ladyship still rairains in the north. Tha Marquis of Exeter arrived in town yesterday. Her la,lyehip is passing the season nt BrigLton. The Earl of Anneal3y has left tho St. George's Hotel, for Scotland. Tile Earl and Counte3s of Vernlam are entertaining, at Gormanbury, the :it rquis and Marchioness of Aber corn and the Ladies Hainihon, the Earl and Countess Craven and the Ladies Etizabeth and Evelyn Craven, Mr. W. and Lady Mary Craven, Miss Lister, Mr. Bathurst, Mr. R. Weyland, Mr. Peyton, Mr. Dun conabe, and Mr. W. Patten. Lady Granville Somerset has lef'; the St. George's Hotel, jor_Brighton. _ _ _ Lord Willoughby de Eresby arrived in town yesterday from South Hill House, Torquay, for a few days. Count Jaucourt has left town on a visit to the Mar quis and Marchioness of Salisbury, at Hatfield House, Herts. The Bareness Scihertnesholm and family have arrived at the Bzuas wick Hotel, S. James's. Lady Arthur Hervey and the Hon. Mrs. Singhton are among the recent departures from the same establiqhment. The Judicial Committee of the Privy Council eat yes terday. An appeal, " Hocquard v. the Queen " (the Newport) Vice-Admiralty, St. Helena, was commenced. The Lords present were—The Lord Justices Knight Bruce and Turner, the Chancellor of the Duehy of Corn wall, and the Judge of the Admiralty Court, Despatches were-sent to the Governors of the West India Colonies, .yesterday, from the Colonial-office. We are given to understand that a meeting of the Royal Commissioners of the Patriotic Fund will take place at 11 a.m., on Saturday next, at the Palace at Westminster. The Hon. and Rev. George Herbert, vicar of Clan Salop, has been appointed to the prebend of Hinton, in the Ca'hedral Church of Hereford. About 60,000/. in gold was taken to the Bank yes• terday. It consisted of Australian, Ameriean, Eno siln, and a variety of miscellaneous parcels. About 15,000 sovereigns were withdrawn to purchase silver to send to Hamburg. Two remittances of golf, amounting together to 120,0001., on their way from St. Petersburg, have been delayed for a short time by accidents to the steamers. The navigation being now closed, these are the last sums that can be sent except by the more expensive land route. The Hon. Edward and Mrs. Grimaton return to town to-day from visiting the Countess of Clarendon, at the Grove, Watford. General Sir Harry and Lady Jones have left Far rance's Hetpl. Belgravia, for Sandhurst College. OPERA BUFFA--ST. JAMEs'S THEATRE.—Their Royal Highnesses the Ducbe:s of Cambridge and the Princess Mary honoured the performances with their presence last evening. A fashionable audience also attended the theatre, amongst whom were the Earl of Westmoreland, the Marquis d'Azeglio, Frances Countess Waldegrave, Count Louis Curti, Lady Hiscock, &c. The young prince to whom the Queen Isabella has just given birth will, according to the laws of Spain, bear the title of Prince of the Asturias, as heir presumptive to the throne. SIR ARCHDALE WILSON OF DELHI ee-The accounts of General Wilson's retirement from his command on the ground of ill-health not having been very explicit, the public may perhaps be iaterrsted to learn that a 1-tter has this week beers received fro , n Lady Wilson, stati g that on the Bth of o.itober General Wilson ar t ived at 13Ius.souree on sick lea ,e, so exhausted that he was sc-ircely able to walk. She rejoiced, however, to be able to add that he had no positive illness, and was at the date of her letter (October 12) greatly improved. The General had directed his family to address their futura letters to !Meerut, where he was shortly about to rpj en his brigade, and to hall himself in readiness for any command that might be given him. LATEST NEWS. HAMBURG. (FROM THE TIMES' CORRESPONDENT.) HAMBURG, Nov. 30. I am sorry to say that this day has been one of the greatest gloom and despondency among the mercantile community. No less than 12 firms, most of them of high respectability and credit, have been compelled to suspend payment ; their names are positively known. Some of the re maining first houses of the place are also spoken of as likely to stop. The discounting of bills in a general way is of course out of all question, as public confidence is now so low that the result of this state of things cannot be foreseen by any one. Messrs. Ullberg and Cramer, of whom so much has been said, have been obliged to stop altogether, and are not likely to resume, in con sequence of which we may expect the most alarm ing reports from Sweden and Norway. Tho whole amount involved in the failures above alluded to I cannot precisely state, but it will be a great many millions of marks banco. A telegram, dated Hamburg, the Ist of Decem ber, which appears in all the Paris and Belgian papers, says : " In one day 20 . failures of important houses have been announced here and at Altona. There is a general panic. Many brokers have failed. The Bourse is in dismay. Merchandise and scrip are without any fixed quotation. No bills are discounted. HAMBURG, Dec. 1. A great number of fresh failures for large amounts have takes place. Several stockbrokers have suspended payment. Mistrust is general, and no bills can be discounted. The price of mer chandise and of securities is nominal. FRANCE. PARIS, TUESDAY EYENING. The Presse d'Orient contains the following : "The Turkish Government has just given orders to the Greek Patriarch to carry into execution the amelio rations prescribed by the hatti-honmaioum. A letter of the Minister of Foreign Affairs directs the Patriarch, in the name of the Porte, to assemble the Synod and Nota• bles of the nation, in order that the measures of the Go vernment may be communicated to them. These measures are that the Patriarch shall convoke a general assembly to regulate ecclesiastical affairs i❑ conformity with the prescriptions of the hatti, and that the assembly shall consist of seven members chosen from amongst the higher clergy, of ten members taken from among the notables of the nation, and of ten se lected from the corporations. The assembly is to discuss several important points in religions and national affairs. The letter, for example, says that it is to decide, in accordance with certain rules which are set forth, on the choice of the Patriarch, the Metropolitans, and other ecclesiastical officers, on the stipends they are to receive, on the means of raising funds to pay them, on the pay ing off of the debts of the Patriarcahte, sze. A delegate of the Sublime Porte is to be present at the sittings. A report of the proceedings of each meeting of the assembly is to be addressed to the Council of the Tanzimat, which will submit it to the Sublime Porte." BOURSE, Deo. I.—The following were the las quotations : Cash. fr. End of Month. 4J per Cents 3 per Cents 67 10 -- Bank Shares 3OOO Credit Foucier ---.- Credit Mobilier 757 50 Roman Do, , t, 755 Austrian .. 88i- .., Account Belgian 44 — Spanish Threes Fiedmontose (5) BB Home Debt RAILWAYS-FOR GABEL ir. C. 1T C. Orleans 1285 Midi Northern New Ditto no Strasburg ' 655 Lyons and Med B5O Grand Central - New Ditto... ....... 852 i— Sardinian - Geneva 625 Austrian Cora. ...... 666/ HOLLAND. The late rejection of the budget of war of th© Second Chamber of the states in Holland has led, as was expected, to the resignation of M. Forstner de Dambenoy, the minister of war. A letter from the Hague, alluding to the vote, says : "The rejection of the war budget has decided the question, so long discussed, of the reduction of the ex penses of the military establishments of Holland. The withdrawal of the Minister of War is evidently the cool mencement of a ministerial crisis, and it is thought pro. bable that by degrees other ministers will follow the example. It is said that M. Van Itappard, interior, is anxious to close his long administrative career, and that he will seize on the present crisis as an opportunity of doing so. M. Yrolik, finance, is in a difficult posi tion, as, if the chamber rejects his financial plan and adopts some other proposed by the committee of the house, he will be forced to withdraw also, as he could scarcely retain the name and salary of minister, and leave others to do his work. Should the ministry break up, as is expected, two courses remain open to the crown—either to charge one of the snernbers of the con stitutional party to form a cabinet, which would be the most natural way t > get out of the present difficulty, or to endeavour to reconstitute a ministry with the broken pieces of the Vander Bruggken cabink. But this latter combination would only defer the difficulty, and after a certain time the crown would find itelf obliged to try some new combination. Still it is the second plan that 'is generally looked for." SPAIN. The Madrid journals of the 26th ult.,. due yes terday, and those of the 27 th h ave arrived. Royal decrees in the Gazette allow M. Bermudez de Castro to resign the post of minister at Lisbon, and appoint M. do CuFt.), under-secretary of foreign affairs, minister at Vienna and Munich, and M. Juan Conayn, secretary of legation at Lond on , under-secretary of for ei g n affairs. Another decree nominates the Duke de Sexto alcalde corregid or of Madrid. It was considered certain that M. Pidal will be sent to Rome, as ambassador. The Government had arranged with the Bank of Spain to send to London and Paris 28,000,006 reals to pay the interest on the foreign debt, and had in return transferred to the Bank 12,000 onces of gold received from the Philip pines, 12,000,000 or 14,000,000 reals from the melting down of the moneys of Porto Rico, and treasury drafts on the provinces for other sums. Although the situation of the Back was satisfactory, the directors, by way of precaution, in presence of the crisis prevailing indifferent parts of Europe, had sent into the provinces large quantities of specie. The demand for specie for notes had ceased, and the rate of discount remained unchanged. A new screw ship, the Narvaez, had been launched at Ferrol. Accounts from Cuba state that th© squadron assem bled there was ready to sail at a moment's notice to act against Mexico, or "elsewhere." Soldiers sea soned to the climate had alone baen selected for service ; the artillery had been largely increased, and 1,000 marines were on board the squadron. The Grand Duke of Tuscany has issued a decree, fixing the direct taxes of the State for 1858 at 6,300,000 fr. The Swiss Federal Chambers, on their meeting o n the 7th, will, after nominating the principal judicial and executive functionaries of the Confe deration, have to decide on the conflict which has arisen between the Grand Council of the canton of Vaud and the Federal Government, relative to the sanction given by the latter to the cpmpany of the railway from Lausanne to Oron and Friburg. The Federal Government intends to present a report on the subject, in which it will labour to show that it only executed the decrees of the two chambers. " Some divisions," says a letter from Vienna, in the Cologne Gazette, " are arising in the divans of the Principalities. The memorandum of that of Wallachia, which was drawn up by Brakano, has called forth an answer from Alexander Golesco in refutation. Thirty-two members have signed Golesco's reply." The Russian journal, the Caucasus, announces that Davoud. Khan, envoy of the Shah of Persia, recently arrived at Tiflis to present to Prince Baria tinskii the usual congzatulations of his Sovereign on his nomination to the post of Lieutenant of the Emperor in the Caucasus. Davoud Khan, after having delivered a congratulatory addi .ass in French, presented to the Prince a portrait of the Shah orna • meuted with diamonds, and a letter from the Per sian Prime Minister, Mirza Aga Khan. The prince thanked Davoud Khan, and added that the portrait of the Shah would always keep him in mind of the Sovereign who is united to the Emperor of Russia by the ties of a faithful and indisso:tible friendship. The Second Chamber of Danmark, in the sitting of the 27th ult., adopted the budget for the ensuing year. Tho receipts aro set down in it at 6,043,800 rix doll rs, and the expenses at only 3,385,774. The bill on what is called "industrial liberty"—that is, which abolishes trade corporations—lately adopted in the Second Chamber, is about to be discussed in the First Chamber. It is far from popular, parti cularly among the petty dealers, and certain trades of the capital are getting up petitions to the King against it. The States of the Nobles and of the Clergy of Sweden have rejected the project of the committee on legislation for allowing natural children to in herit their motheL's property. The Nord of Brussels says :—" A telegraphic despatch from Trieste, lately published by the Morning Post, and which we copied, stated that civil war continued in Persia, and that the Shah had refused the intervention cf Russia.' Accord ing to information which we have received from St. Petersburg, no account had reached that capital of any civil war having broken out in Persia. On the contrary, everything was perfectly tranquil in that country, where the ceremony of recognising the pre sumptive heir to the throne hadjust taken place wtth great solemnity in presence of all the foreign repre sentatives resident at Teheran. That iraportant event is of a nature not only to remove all apprehensions as to the present internal state of the Persian mon archy, but is also a gurantee for its future security. We scarcely need add that no armed intervention on the part of Russian has been ever offered, and, consequently, could not have been refused by the Shah.‘ A letter from Vienna, in the Cologne Gazette, says :—" It is reported that several of our large manufacturers intend to close their establishments at the end of the month, and to discharge their workmen, because they can no longer carry on their business. The merchandise which they supply is not paid for in ready money, but in bills, the signers of which are every day liable to become bankrupt, and yet cash must be found to pay their hands. As to the workmen, their situation is most distressing, with winter fast approaching." MONEY IS POWER. [FROM A GORRESPONDENT.I Believing that you devote your paper to Ghat which is just and right, I again seek, through your organ, to make a few remarks, finding that the currency is a sub ject that interests you. In The Sun of the 24th ultimo, you advocate the " issue of small notes of 1/. as a legal tender, receivable in payment of every tax and duty." I consider the time has now arrived when the nations through the Government, must urge the adoption of something of the kind ; but we must congratulate our selves that this issue is withheld until some plan can be suggested that shall be unconnected with the Bank of England as controller of this issue. To have thrown twenty millions of issue, in addition to the present, into that power which has already become too unwieldy, would have been productive of greater monetary oppres sion than we now witness after a few years had elapsed. No more issue must be allowed to the Bank of Eng land than they already possess ;—their excessive capital and command of the circulating medium renders them defiant and ungovernable. Our Iron Duke that van quished the greatest conqueror of the day was not only mastered by this strategical board of money plotter; but was compelled to beat an ignoble retreat from the pinnacle of power which he held as the first minister of his day. A convertibility of an issue is necessary, but not always the convertibility of gold is essential, the bul lionists ever associate convertibility with gold, and they would have us ignore the great fact that some value was given for that gold ; there was something antecedent to the adoption of gold as a standard, which obtained or purchased gold; let us never forget that without that something prior to the gold standard itself, gold would have no value. The equivalent is first given before the gold is produced. What is that equivalent Why, TOIL t that vulgar word, toil—labour—work. So falsely refined have the cunning traffickers in gold become, that they despise the base degrees by which they did ascend, and assert that gold is more important than the means which produced it ; and so it is, but only to the perverted polluter of its original purpose. Gold was the standard of value of what? Of all industrial produce, instead of what it now is, the standard of value of all able tricksters, deep-headed plotters, idle, unproductive feeders upon the worthy confiding sons of toil. Now, since that which preceded gold (taking gold as a standard of value because of its less variability of supply) was toil, where can there be danger in having another representation of the same, which has been fairly measured and exacted, in the shape of Government taxes and duties The absolute antecedent itself, with the whole nation as a guarantee for its convertibility into, not gold, but into the taxes which everyone has to pay, Government receiving it as legal tender instead of gold or bank paper. No bettor name can be given for this issue than that of Exchequer Notes. Exchequer bills would no longer be necessary, because Government issuing one-fourth of the collections of taxes which amount in round figures to, say 80 millions, would no longer be under an obligation to the Bank of Eng land in getting advances upon Exchequer bills ; the Go vernment could then throw off the menacing position which every government is placed in which receives ad vances from a bank. Holding 20 millions of the currency back for the 20 millions of issue, the ruling power would be free to check Che unfair promoters of speculation that are now defiant. The opponents of this system will endeavour to associate exchequer notes with the French assignats, but they will be found on investigation to bear no analogy whatever. Assignants depreciated. because of the constant dynastic changes that were taking place in France : revolutions that were so frequently taking place, and altogether, because of the instability of the French governments. But England is in no fear of a change of dynasty ; she has no revolutions, and is the most stable government in the whole world. Tee bank might try in vain to bring the exchequer notes to a dis count, but " no gold convertibility" would frustrate their every attempt ; the absolute labour and tax convertibility would show a bold front against its bullionist opponents. The sordid practices of the great bankers of England, which are now identical with the Bank of England, have rendered such a step indispensable. Their one mode of checking the speculation they themselves induced, by means of high rates of discount, is a glaring irjustice ; as well might our judges of the land, because one man has committed a capital offence, condemn the whole nation to be hung, as that the Bank of England should punish by high discounts every honest man for the over-speculation of some. Another mode of check hag the accommodation paper can be adopted ; pass a law that every man requiring accommodation shall make a declaration Of all his property, a registration of which would be the guide to every man what his paper is worth ; make a Wit) declaration penal, and limit the extent of the advances and the rate of interest upon the declared property by law. Some plan of this or some other invention could be adopted, were it; profitable to the Bank ; but no such plan will they adopt, because it would not work up such profit as the present corrupt system of making all pay— hanging all fur one, is the lucrative plan of Thread needle-street. At the same time they exercise a sem blance of prudence and put on the screw, simultaneously do they find the money-making process doubled to themselves, but halved to the merchants, if not quar tered ; this process has only to be continued long enough and the banker must become all-powerful, because rich ; the merchant must become all-powerless, because poor. It certainly must be seen that we want the usury laws again to stop this career of defective practices ; the . absence of the usury laws has had the very opposite effect to what it was assigned. Its absence has unde niably promoted speculation, because it has given the bankers a double motive for inducing speculation, first, because the greater the speculation, the higher the rate of interest becomes; secondly, the rate of interest, though high, when a panic ensues can be made still higher ; prudentially bearing with it the act of oaution concurrent with the act of profit. Limit the rate of interest to 5 per cent., and you do away with the first, i.e., the greater the speculation then, no higher rates of interest would be allowed ; secondly, because the rate of interest could not then be made high by a panic. Lessen the inducement for the frequent use of the screw which has characterised the Bank of England since they succeeded in removing the usury laws. It will be said by my opponents that other nations contributed to bring about the present panic, and it was inevitable and imperative on the part of the Bank of England to raise discounts. America, France, and the Indian war combined, rendered it unavoidable. I admit the fact, but of the mode of dealing with the fact I disapprove. Had the same combined circumstances taken place, and were the maximum rate limited to 5 per cent., the loss to the commercial world would have been far less, and the profits to the banks far less ; but beyond all, Jonathan would never have had rope enough to hang himself up in the way he has, had it been 5 per cent. maximum ever since 1847, nor would the banks of France found it practicable to have combined with the Bank of England to act in concert in rates of interest ; a combination that presents a new feature of danger. Nor could India have made an offer of 6 per cent., to induce so large a loan, had the law been 56per cent. ; hence the excessive drain of bullion can in part be traced to its primary cause, i. e., high rates. Another cause, of course, can be assigned, that commerce having increased to such an extent, our exports showing from 110 to 120 millions, instead of GO millions a little time ago, must require a greater circulating medium, bearing some pro portion to its iucrease, which we have not had, which has driven, miens volens, the houses of com merce to have recourse to some kind of fictitious ex tension pro tens., all of which has benefited one class of o tr f ad u e u rs l , lin th it e ed ban i k n e te rs re , s a ts t the nders because law. I deny in toto the enabling nb ing expense s l l of alt o n ey else,. le profit by the defects in the o j u f s ticebee checking making u n i i a g t h i 0 1 1 . 3 a, t just interest d e a y p r t o h p: it, n h o t r1 (2 , 1 , hanging all the coun tr y for the murder of n some. I also consider it unjust to destroy the invariability of any standard of value. Gold was chosen because of its less variab,lity of value. Wool, w heat, cotton, and silk fluctuate in supply; and in one year are worth double the price of another year ; not so with geld. All the sup. plies of Peru, Cfa,lifornia, and Australia have not even supplied the demand, much less caused a fluctuation o supply so as to depreciate its value. Hence, it wag, and is, the best commodity for a standard of value ; be• cause it represents the value of labour in obtaining it more steadily than anything else ; it measures toil more evenly, because toil is more even in its application to obtain it. But what was the Government about when they did their worst by countenancing a tendency in the very measure of value itself? By removing the usury laws they make gold sometimes worth 5 per cent. sometimes 20 per cent., giving it a fluctuation in value immediately) and thereby depriving it of its invariability. The advan tage of weights and measures of 16 ounces to the lb. or 4 pecks to the bushel is, that no one can dispute the statute, or compact, because it is fixed. The advantage of gold as a measure of value was equally, that no one can die' pute its compact because of its - fixity of value, but de stroying that fixity was tantamount to giving 13 ounces for a lb, or three pecks to the bushel, according to the caprice of the great holders of the produce. It will be said that every thing fluctuates in value, why should not gold ? I answer that simply because gold is made a measure of value, and any alteration in the measure itself interferes with the compact, and causes great risk in purchase ; for instance, a merchant buys * hundred or a thousand casks of tallow, say at 60/. per ton, to be delivered in London at a given time : when the tallow arrives, say in six months afterwards, the money by which the purchase was made has undergone a great change, and instead of being worth 3 per cent., is worth 15 per cent., this having interfered with the value of the price of tallow beyond that of demand and supply, some thing extraneous has stepped in to disarrange his calcu lations, and instead of gaining by his purchase, he might be ruined, and altogether 'incapacitate himself, notwith. standing, through a change that has taken place in the measure of value. This I call an extraneous interference in commercial compacts, which no man ought to be sub* ject to, and is dangerous to the whole world, and is one of the causes of the constant failures that are taking place to the disgrace of our country. It is not enough to say that gold is worth always 3/.17004 in England, or 25 francs and so many cent*. in France, with slight variations. We know well the rate of interest regulates the profit or loss, and that should be made as slightly variable as possible—never ought it to exceed 5 per cent. Lord Palmerston, by urging the minimum rate of 10 per cent, was de facto and absolutely doubling the value of all available property throughout England, without doubling the amount of the value of labour, but, on tho contrary, stopping the employ of labour, the effect of which must soon show itself in factory riots all over the country. Makiogmoney that was commonly worth 5 per cent. to become worth 10 per cent., is doubling all available pro. party in value. EIIE LATE SINGULAR DISCLOSURES AT ST. PAACRAS frORKHO SSE. Yesterday, at the weekly meeting of the directors of the poor of St. Pancras, held at the Yestry-halle Cambden-town, Ur. Churchwarden Wyatt in the chair, the report of the committee appointed to investigate to the alleged misappropriation of stores, sc., "me brought up for consideration, a director of the poor, to resign his office. Mr. WEDGWOOD, in moving the adoption of the report, stated the circumstances under which the inquiry orfginated, and it was admitted by the storekeeper that Mr. Clarke had three pounds of oatmeal out of the stores. There was only a slight di ff erence between gr• Clarke and the storekeeper upon the point, with it he . exception that Mr. Clarke said he gave the storek ee p e r fid. to buy the oatmeal before the discovery, while th e storekeeper said it was after the discovery. With regard to the broom, the storekeeper stated that he refused to e esa b Mr. Clarke a broom out of the stores, but that he fo e' a tradesman, who sold them, with one to Mr. Clarke ti house, but Mr Clarke could not say whether he bou paid for it or not. With reference to the easy chair, there was a difficulty of ascertaining if it had been sup i • with the desk and stools purchased by him for the p arisu• Mr. Churchwarden ATTENBOROUGH seconded the motion, and said that a strong point was this, that Blr: Clarke wished Mr. Ryan to purchase the oatmeal an get the bill dated some months back ; but either Art; Ryan or the party of whom the oatmeal was I:lurch:oe° refused to do it. Mr. CLARKE said every right-minded mangeuld t once acquit him of these trumpery charges. ooosld.' dered that he had been most shamefully t rea ted n 1 3., maligned in his absence, after having borne an-unsedliec! reputation in London for 40 years. He could not bus feet that the committee had prejudged the case, an d if hf were to obey their call upon him to resign his seat et. that board, he would be at once acknow led g in g himself guilty of the charges imputed to him. He would go once to the question of the e as y chair, which he ha.tt, bought and paid for ; and thi s much be would do — i t the board would appoint any three gentlemen to wait on Mr. Priest, and did not find what he said to be correct, then he would at once resign. He had come there for justice, and he hoped and believed he should have it from that board. Mr. Fisher and Mr. Stockton said they considered it, only an act of justice to Mr. Cla r ke that what he a sked for should be granted, labouring under the serious and painful charges he did ; and Mr. Wedgwood accorded in the view, as the committee could not see Priest's cash book when they went there. Mr. CLARKE moved, and Mr. FISHER seconded, in amendment to the adoption of the report--" That Stockton, Mr. Perkins, and Mr. Summers, with De! Wedgwood, be a deputation to Mr. Priest, to Wert' s " as to the purchase of the easy chair." The CHAIRMAN reminded the board that Mr. CIO" had jumped over the case of the oatmeal and the broo!ig altogether, and he urged that the best thing be could e° for the peace of the board and the parish was to resign.r Mr. Turner, Mr. Young, Mr.. Cameron, and 0,11 members took a similar view of the question ; one, Is the amendment being put, there were 7 fo r an d against The original motion was ultimately carried bi majority of 14 to 6. The board, after routine business, separated. THE POOR LAW BOARD AND THE A N VII CRISIS AT PRESTON. Yesterday (Tuesday), at the meeting of the Board of Guardians of the Preston Union, Mr. Satterthwaite 03.! I n E s cha i rman) r e o c m to t r h f e o P r r r e e t s t h u i d e r i :d s g i i s ; t t r a M i p c f p : e a W a r t e t a d e n n w t d h e a a d r g a ' s A with , compete d f last week, there was an increase of 1,849 recipients 0. out-door relief, and 1121. 12s. 10d. in the cost. The total number of out-door paupers is now 8,039- a ° „ sequent C. SATTERTHWAITE pointed out the hardship - „ sequent upon the Poor Law Board's refusal to relaX 1 ": the Poor Dar prohibitory order in reference to ont-door relief (withal; work) to able-bodied males. Many parties in (retell ; of 6s. or 7e. per week from the mills working 011° time had applied for relief, being burdened with litqw, families. Now the guardians could not g ive them Pere because they were working. The INSPECTOR—You may report the cases to th e PoMr.or-law Board., C. SA.TTERTHWAITE —There aro scores of 91 ) P l c i f ' cants working three days a week earning about 85.• an having four or five children, and we cannot relieve then. Mr. CROOK—You cannot do it for a fortnight. Mr. C. SATTERTHWAITE —We cannot do,it for any time, without the sanction of the Poor-law Board. Mr. MAYNARD mentioned a case similar to the 411 ab ,nee recited by Mr. C. Satterthwaite. The INSPECTOR —These are very rare cases. Mr. C. SATTERTHWAITE—T W 0 or three hundred th week, if you call that rare. The INsraoron—Tha.t order is for the protection of the ratepayers ; it i s to teach the people to lay by for la rainy day." When you meet with cases such ae these, if you report them to the Poor - law Board , thel will allow the relief. Mr. C. SATTERTHWAITE—We shall. have to engsge ll man solely to write to the Poor-law Board under tbo present m q uickl y Ther.Mr. C.wa As INSP ECT OR — OhsttmhAeTs relieving-officerEz Rycircum s tan c es.TaTw no ilAiisr you ap e en t ersmu l a i y ar r tt e hi p me repo in rt the .th i ca n b os o s o r is E—They (the Poor-law Board) should relax the orer. The INSPECTOR— d These people should be taught t° provide against emergencies like the present. Mr. ABBAIIAM—Look at the increa se of paupers. We should require to correspond in something like tl f thousand cases. Mr. Dixorr—l have spent 30 years in the managetn ell e t of poor's affairs, but it seems that I and 47 other go; di a ns cannot decide upon cases of relief without tub interference of the Poor•law Commissioners. Stic interference was an insult to Engshen. Some further conversation took li plac m e, and the subj ect dropped. SPORTING I N TELLIGENC.S. BETTING AT MA R.—TussnAl• For the Two Th ousan d G u i neas Stakes, 7to W°l ll O, ha ve been taken about Clydesdale. Thishorse /vis i t e , much inquired a ft er f or the Derby, an d would ab o ut backed to money a t 11 t o 1. 280' W to 20 was taken 040 w ClOO Toxopholite, and 400 to 20 about Selpie. prices : TWO THOUSAND GUINEAS. 6to 1 agst Clydesdale (t 7 to 1 f.) ofree d) 7to 1 agst Brother to Marchiones s Bto 1 Bar Two (offered) DERBY. 10 to 1 agst Clydesdale (take 11 to 1L) 14 to 1 agst Toxophilite (taken) 20 to 1 agst Kelpie (taken) 22 to 1 agst Ditto (t 25 to 1) 25 to 1 agst Happy Land (offered) 25 to 1 agst Longrange (offered) 25 to 1 agst Cock-a-doodle-do (t 30) 25 to 1 agst Ancient Briton (offered) 25 to 1 apt Vandyke (t 30 to 1) TUE CITY OF GLASGOW —GAsGONV -- --eli toP — wa A s h n e u ld m h er e o re us to m -d e a e BA —.------ NK. L rn i dot in i terms of the Joint-Stock Bank Com panies y ti , ng m o r f . A th n e d s r h e a w re o h r o r ld p e r r e s si o d f in tb ir i .:T r b e a s meeting unanimously agreed that the bank be r°P7B6ir. it being explained that the design t o but to secure the same vantage ground as the 0/ 116 `"" banks.k w committee The meeting also aggreed unanimously thot:: of gentlemen unconnected with the bai3 „ 4 , appoluled to investigate its affairs, and report to all_ tee ' journed me e ting on Tuesday ne xt, and that a guars'i,u to tuL ai d of half a million be is ed to enable t he bar" resume business without delay. r paigit DEATH OF MR. C. HINDLEY, M.P.- - Vi r e- ....--..., fo announce the death of Mr. C. Iliodiey, .Da•V a ' fo r Ashton-under-Line. Mr. Ilindley was elects ~,, AshOn iu 1835, and contested the borough unoooo7 fully in 18$2. .