The Sun. — London, England, 1857-11-16 00:00:00

HER MAJESTY'S THEATRE. JULL [EN'S CONCERTS. MDLLE. JETTY TREFFZ. • The Last Night but Eleven. The highly Successful INDIAN QUADRILLE, and GENERAL HAVELOCK'S TRIUMPHAL MARCH, THIS EVENING (MONDAY, Nov. 16), will be pro duced (for the 4th time) the New Grand Descriptive Composi tion, 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 G uards, and the Scots Fusilier Guards ; and a Grand Chorus, " Rule Britannia " and " God Save the Q ueen." races of Admission —P romen ade, is • Upper Boxes, Is. ; Gallery, ls. ; Dress Circle, 2s . 6d.; 'Private Boxes, 10s. tid. and upwards. Prospectuses, with full particulars, may be had at the Box office of t:le Theatre ; of all the principal libraries; and at Jullien and Co.'s, 214, Regent-street. HE R MAJESTY'S THEATRE.—The GRAND BAL MASQUE, which will close 3f. Jullien's Nineteenth Season of Concerts (1857), will take p l ace on moIITAY, Nov. 30. ApPlioations to 1)..* made at the Boa-office of the Theatre. T HEATRE ROYAL, HAYMARKET. Lessee—. Mr. J. B. Buckstone. MIS EVENING, to commence at Seven o'clock. with a new Comedy, entitled .4N UNEQUAL MATCH. Princi pal characters by Messrs. lluckstone, Compton, Chippendale, W. Farren, Miss Amy Sedg wick, Mrs. Buckingham White, an Mrs. E. Fitzwilliam After which, LEND ME FT VE SHILLINGS. To be followed by THE STAX OF ANDALUSIA. Orchestra Stalls (which may De retained the whole of the evening), 6s. each. (No charge for booking.) First Price. s. d. Second price. s. d Dress Boxes 5 0 Dross Boxes 3 0 Upper Boxes 3 0 Upper Bores 2 U Pit.... Lower Gallery 1 011:ovver Gallery 0 6 Upper Gallery 0 ENo haLf-price to Upper Gallery. ROYAL FRINCESS I B THEATRE. Proprietor, Mr. Charles Kean. LAST WEEK BUT TWO OF THE TEMPEST. TH!S EVENING, will be performed Sliakspere's Play of THE TEMPEST. Preceded by (first time), a new farce, in one act, entitled A CASE OF CONSCIENCE. THEATRE ROYAL, ADEL PHI, Lessee—Mr. Ben. Webster. THIS EVENING, will be performed BETTY MARTIN. Alter 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, entit:ed THE DRAPERY QUESTION ; or, Who's for India f Messrs. Wright, P. Bedford, C. Selby; Miss M. Wilton and Miss Mary Keeley. ROYAL LYCEUM THEITRE.—Lessee, Mr. Dillon.—Under the joint management of Miss LOUISA PYNE and Mr. W. HARRISON. THIS EVENING, will be performed Balfe's new opera, THE ROSE OF C 4 STILLE. Characters by Miss Lon'sa Pyne, Miss Susan Pyae, Miss Marian Prescott, Mr. Weiss, Mr. A. St. Albyn, Mr. G. Honey, Ir. Wallworth, and Mr. W. Harrison. Conductor, Mr. Alfred Mellon. To conclude with (10th time) a new Farce, entitled A PAIR OF PIGEONS. Mr. G. Honey and Miss Cuthbert. Private Boxes, £2 12s. 6d., £2 25.. and £1 lls. 6d. ; Stalls, 6s. ; 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. ROYAL OLYMPIC THEATRE. Lessees, Messrs. Rolcoon and. Emden. THIS EVENING, will be performed A SHEEP IN WOLF'S CLOTHING. Followed by the new comedy, called LEADING STRINGS. Messrs. Addison, G. Vining, H. Wigan ; Miss Marston and Mrs. Emden (late Miss Somers). To conclude with A CONJUGAL LESSON. Commence at half-bast Seven. STRAND THEA.TRE.—THIS EVENING, will be performed TEIE GENTLEMAN OPPOSITE. Anse which, THE CRICKET 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 Herbart Commence at Seven. Stalls. 3s. ; Boxes, 25.; Pit, ls.; Gallery 6d. ; Private Boxes, 11. is. ROYAL SURREY THEATRE. Lessees, Messrs. Shepherd and Crsswick. THIS EVENING, will he performed a new and powerful drama, entitled INDIA IN 1857. Messrs. Shepherd, Cres wick, W. Smith, Vollaire, B. Potter, Widdicomb, Belmore, Tapping ; Miss M. Ebnrue, Miss Webster, Miss Chalmers, Miss Johnstone. After which, THE BARRISTER. Followed by OUR TRAVIATA. The Blighted One, Mr. Widdicomb. CANTERBURY HALL, Westminster-road.— OPEN EVERY EVENING.—The follow us, company of Vocalists are engaged for the performance of 'elections from all the popular OPERAS, MADRIGALS, CTIORUSES, GLEES, DUETS, ac., viz.:—Miss Russell, Mrs. Badacy, Madlle. Marietta, Mrs. Palmyre, Nliss Brn nell, and Madame Marietta ; Flerr F. Jonghmans, Mr. llenshaw, li. Grover, T. Farrant, S. Tones, J. Barker, W. Melling, Senor Antonio. E. L. !lime, and Mr. St. Albyn ; Messrs. S. Collins, W. I. Critch9eld, and E. Mack no?. Pianoforte, Mr. Cecil Flilks; harmoninm, Master Williams; Director, Herr F. Jonghmans. Commence at Seven o'clock precisely. Suppers, &c., until twelve o'clock. HIGH WATER AT LONDON BRIDGE. MIS DAY —Morn., 33 min. aft. I—Even., 50 min. aft. 1 TO-MORROW—Morn. 5 min. aft. 2 —Even. 23 min aft. 2 THE WE ATHER—Sax OFFICE, NovE SIB E R 15. THIRMOACZTIR, IN THZ SHIDZ. 53—highest since noon yesterday. 44—lowest this morning and during the night. 43—this slay at noon. BABOMETTa. 30.33. Wrzfp, South-easterly in the morning, now North easterly. We have had rain last night. It now inclines to frost, with bright sunshine. NOVEMBER 16. 51—highest since noon yesterday. 48--lowest this morning and during the night, 51—this day at noon. BAROMETER, 30.21. WIND, Easterly; light, with hazy cold weather. 44 , f q't LONDON, MONDAY, NOT. 16, 1857. If, after the publication of the Bank returns in Friday evening's Gazette, any doubt could have been entertained respecting the real motives of the Government in relaxing the Bank Charter Act, it would be removed by an article which appeared in the Economist of yesterday, and which may be regarded as of a doubly-official cha racter. Mr. JAMES WILSON is justly considered the financial authority of the Ministry. He un questionably understands far more on the subject than any other Member of the Government, and, if unencumbered by office, we have no doubt that, notwithstanding his bullionist tendencies, he would be found one of the most uncompromising opponents of the iniquitous act that has created so much misery and disturbance throughout the entire kingdom and that he would fearlessly expose the ridiculous theories on which it was founded. It was by his speeches in the currency debates of 1847-8, and his shrewd and searching interrogatories in the Select Committee, that he convinced the Government of the day of the prudence of disarming so formidable an adversary. But now, " Quantum =talus ab illo Hectore," he is fettered in trammels of red-tape—his genius is "cribb'd, cabined, and confined," and he must not only in his place in Parliament, but also in his weekly journal, support the measures of his official superiors. We may, then, receive his acknowledgements —or rather his confessions — without hesitation ; but treat his arguments in a very different manner, regarding nem rather as those of the advocate instructed to support an untenable cause, than as the expression of hii own independent and unbiassed opinions. Mr. Wimow, however, clearly shows, not only that the Government could not possibly help itself, if it desired to avert a real suspension of cash pay ments, but that it persisted too long in its per verse course. On Wednesday evening the entire reserve of notes, not only for the head office in Threadneedle Street, and the various branches in town and country, amounted to but 957,710/. of notes, and 504,4431. of coin, although the depo eitF, which might be withdrawn at a moment's r.otice, were no less than 18,250,0001. An im portant item was omitted in that calculation. The 7 day and other bills amounted to 853,975/., an d if, in addition to this, we refer to the 14,475,000/. of notes issued against securities for] which there was not a single ounce of gold depo sited, we find the liabilities for which there was no bullion reaching the gigantic sum of nearly 33,500,0001., against which there were notes and coin amounting to some 1,460,0C)0/., or something like 103. in the 11. Nor was this all ; there had been large sales., on Thursday, of Government Stock, with the avowed intention of exchanging the proceeds for gold, in order to transmit it to Scotland and Ire land, where the absurd and uncalled-for regulations of the Acts of 1845 had occasioned difficulties, where none would otherwise have existed. We now learn from the Economist, no doubt on authen tic grounds, that the paltry reserve had been reduced on Thursday to little more than a half of what it stood on Wednesday evening. It is, therefore, manifest that, but for the Government letter, the Bank must have closed its doors ere this, or imitated the conduct of the American banks in refusing to pay sterling coin in exchange for its paper issues. And thus the very means adopted for the purpose of ensuring convertibility under any circumstances, would have produced inconvertibility. What, then, can be said on behalf of the " self-acting regulator of the cur rency," for that brilliantly contrived automaton action that was to supersede the necessity of any dis- L cretion on the part of the Directors assembled in 'solemn conclave in the Bank Parlour? Why, but for the tardy interference of the Government, we doubt if the forced liquidation of the quasi Na tional I 3 wk would have been equal to that ten dered to the creditors of the Royal British Bank ! The comparfoon instituted by Mr. JAMES WIL SON between the state of affairs on the 23d Oct., 1847, and the 11th .Nov., 1857, shows how much worse the condition of the Bank was at the latter than on the former sCupension. We had prepared a similar table, which was easily made from the returns of both periods, 0.0 one having been referred to and criticised in the report of the Lords' Committee, and the other appearing by the ;Bank returns. But fas est ab hoste doceri, and therefore we prefer quoting that compiled by Mr. WILSON. It is as follows—and we annbx the observations of the financial Secretary of the Treasury thereon : " BANK RETURNS FOR 1847 AND 1857. " Oct. 23, 1847. Nov. 11, 1857. " Bullion £8,313,000 £7,171,000 " Reserve of notes in banking depart- ment " Reserve of coin 447,000 504,443 " Deposits, private 8,580,000 12,935,000 " Private securities 19,467,000 26,115,000 " At the close of business on Wednesday night last the amount advanced by the Bank to the public was 26,115,0001., as compared with 19,467,000/. at the height of the panic in 1847. These additional advances wore rendered possible in a great degree by the enormous amount of private deposits placed in the Bank, which on Wednesday last amounted to 12,935,0001. against 8,580,0001. in 1847, being an increase of liabilities under this head of no less than 4,355,0001. But against I this increase of liabilities how did the reserve of the Bank stand ? The bullion on Wednesday nigh t was less by 1,142,0001. ; the reserve of notes was only 957,0001. against 1,547,0001. in 1847 ; and the entire reserve of notes and coin together was less by 532,000/. Whatever reasons, therefore, there were in 1847 for the policy then adopted, the reasons for taking a similar course on Thursday were much stronger,—and it will be impossible for any one who acquiesced in that course at the former period consistently to object to it now." From the above it follows that the suspension was a matter of inevitable necessity, and that the Government was not entitled to the slightest thanks cr gratitude for what was pompously put forward as " a concession in favour of the com mercial interests of the country l" but which was only adopted for the benefit of the Bank itself, and the moneyocracy who should have fallen along with their idol—whose head might have been of fine gold, but its extremities of vilest clay. Mr. WILSON tells us, for we treat the article in the Economist as his own, that the issue of 11. and 21. notes was well consi dered, and there is no doubt that it would have been adopted, if practicable, but it was simply impossible. The Bank had no plates prepared, and therefore could not have issued these notes for some weeks, while a few days would have sealed their fate. We all know that the box of 1/. notes, which saved the " Old Lady" in 1825, was discovered by mere accident. Thus the ordinary foresight, that should have been prepared for any contingency, was wanting. What would be thought of our Generals if they exhibited similar imbecility in the hour of trial ? It is manifest that the Directors should be classed with Ilmverrx and LLOYD, the obstructive Generals in our Eastern difficulties. We again quote Mr. WILSON' on these points. He says " With regard to the other remedy suggested, the issue of 1/. and 2/. notes, which we have reason to believe was well considered, we are entirely agreed that it would, if it had been practicable, have been a more perfecb remedy than a further license to issue notes of 5/. and upwards, inas much as notes of a lower denomination would have answered all the purposes of gold coins both in England and Scotland, and thus have led t 3 the return of large quantities of bullion to the Bank of England much sooner than it will otherwise take place. In the first place, however, that course would have equally been a suspension of the Act of 1844 ; for that Act prescribes a limit to the paper circulation of the Bank, and it would have made no difference in what denomination of note an excess of that limit took place. But, in the next place, the issue of 1/. and 2L•notes was simply an impossibility. No plates were ready, and no preparation had been made ; and before the mere physical difficulties could have been removed, the remedy might have been too late. In principle, however, an issue of such notes would have been exactly the same as the measure which has been adopted." Would wo could stop here ; but it is with in tense disgust that we have read the concluding passage, protesting against ,the step being regarded in the slightest degree as a concession to the views either of those who believe in the efficacy of a paper circulation to supply indefinitely the place of capital, or of those who think it the duty of the Government secure to the country what is called cheap money. Ai we, in common with a large proportion of our countrymen, believe in the efficiency of paper money, and feel that the pro duction of cheap money is imperative on the Go vernment, we regard these assertions with deep regret--proving that a very severe " pressure from without is still necessary to bring Ministers to their senses." It is obvious that, although we are toll " tae panic not a sufficien t aycheck heis subsiding," the measure now adopted is to restore permanent confidence It nob check the silveprandicra or that of go ld to the Cioln.onra t t inen tl t inmd o e r il th bo e urt U Ci n th i i t lnv e ia d i'l States. These will continue with unabated force, and as soon as the Seven Millions of Specie are nearly exhausted, and they cannot last long under the circumstances, the panic will revive with ten fold intensity ; and a much worse state of affairs IHE UN, LONDON, MONDAY EVENING NO 16, 's-1857, will be produced when an issue of 11. notes, or a suspension of cash payments, will become indis pensable. Nor would we desire it to be otherwise. It is obvious that nothiig but the most stringent and severe lesson will suffice the moneyocracy or their Ministerial toadies. We want a really national note, for a small amount, by means whereof the Government would be rendered independent of bank assistance, and could pay off its debt to the Bank. The Bank issues are based on 11,015,000/. of Government, and 3,460,0001. of other securities. Why should not this debt be paid off ? It is not merely the interest of that large sum, amounting, at merely 3 per cent., to 330,4501. per annum, but the discredit it entails on the nation. A man in debt is never a free agent ; and the Bank with true creditor cupidity, always takes advantage of its debtors' necessities, who must humbly beg "with bated .breath and deep humility" for what ought to be commanded. The Government raised nearly a hundred mil lions to squander on the Russian war—producing no return but disgrace and calamity. Why, they, should it hesitate for a moment at raising 11,015,0001. to get rid of the incubus by which the trade and commerce of the country is oppressed, and many noble fortunes sacrificed, and firms which it has taken the greater part of a century to build up, reduced to bankruptcy and ruin ? Let really national notes of small denominations receivable in payment of taxation be issued. The profits and savings will speedily pay off the Bank debt—or were it otherwise, there are few true-hearted Englishmen who would object to a general loan, or even to consent to the re-imposition of the obnoxious War Income Tax for such a purpose. One year of the extra 9d. would get rid of more than three-fourths of the Bank debt. Advices from Calcutta have been received to the Bth October, and from Madras t) the 14th, since our last publication. They do not add much respecting the proceedings at Delhi to the information, via Bombay, which appeared in The Sun of S aturday. There is, however, the formal despatch of General WILSON, dated the 15th September, respecting the proceedings during the attack on, and the storm of, Dalhi on the 14th September, which will be read with intense interest, confirming fully the more ela borate and detailed accounts, that hare already been published. There is also a report from General CHAMBERLAIN, the Adjutant-General of the army at Delhi, to the officer commanding at Cawnpore, dated the 18th September, which continues the narrative from the 14th to the morning of the 18th, and by a postscript to that of the 19th. It also contains the melancholy list of officers killed and wounded on the fatal 14th, a list that will be scrutinised with intense anxiety by many anxious hearts throughout every district in the United Kingdom .—for where is there a locality in which some of the inhabitants had not friends or relatives en gaged at the scene of deadly strife ? The intelligence from Lucknow adds slightly to our information. General OUTRAM, who ac companied the force solely in his civil capacity, rendered efficient service as a volunteer. In this capacity, we are told that "he charged the enemy, in a preliminary engagement, with the Volunteer Cavalry, and with a dash and daring worthy of his best days." He first relieved Baleegund, where advances were steadily made against the city. Seven guns were captured, and the right quarter was in our possession. On the same day, the 25th Sept., the force under the gallant HavzLoos., consisting of 2,000 men of all arms, forced their . way into the City under serious opposition, skirting it to the right to avoid. the enemy's defences. The way to the residency was also strongly opposed, but happily it was forced at a very critical period, when two mines had been run far under the chief work , , which if sprung:must:have placed the garri son and the fugitives at the mercy of the rebels. We fear that there must have been a considerable mortality amongst those so long locked up in the spot so hastily fortified, and so nobly de fended. The great body has, however, been saved, and we have now no fears of the ultimate result, or of a repetition of the Cawnpore tragedy at the capital of Oude. EARLIER DEPARTUEE OF INDIAN MAILS VIA MARSIELLES. It having been found that, under existing ar rangements, the mails for India, &e., despatched via Southampton, suffer considerable delay, either at Malta or Alexandria, while waiting for the ar rival of the mails forwarded via Marseilles, it is in tendsd, with a view of obviating this delay, and at the same time of accelerating the arrival in Loudon of the homeward mails from India, to despatch the mails for India via Marseilles one day earlier than at present. Commencing, therefore, with the firlit mail des patched in January next, the mails for the Medi terranean, India, China, ezc., sent by way of Mar seilles, will be made up in London on the evenings of the 9th and 25th of each month, except when those dates fall on a Sunday, on which occasions the mails will be made up on the evening of the following day. By command of the Postmaster-General. ROWLAND HILL, Secretary. General Post Office, Nov. 13, 1857. The Duke of Newcastle has returned to Clumber Park, Notts. The noble duke will receive a select circle at Clamber this week for shooting. The Earl and Countess of Lucan have been plunged into deep grief by the demise of their youngest daughter, the Lady Elizabeth B:ngharn, who died at Pau, in the south of France, on the 6th inst. Her ladyship had been in delicate health for some months past. The Countess Gondoviu has arrived at the Brunswick Hotel, from the continent. Lord and Lady Forester leave Willey Park, Shrop shire, to-.norrow, for the noble lord's hunting-box, near Belvoir, for the hunting season. Lord and Ledy Olivia Oesulston have returned to Claridge'e Hotel, from visiting the Emperor and Em press of the French at Compiegne. Lady Montagu has been indisposed at Ditton Park, near Windsor, but, we are happy to add, is now ap proaching convalescence. The Hon. Mr. and Mrs. Sydney Pierrepant have left Claridge's Hotel for Evenly Hall, near Brackley. Sir E 'ward and Lady Kerrison have left Ferrance's Hotel, Belgravia, for their sear, Broom Hall, Suffolk. Mr. and Lady Louisa Knox have returned to the Brunswick Hotel from a visiting tour. CRYSTAL PALACE.—HALF-CROWN DAY, SATURDAY. Nov. 14.—Adinissions on payment, 455 ; do. by season tickets, 1,517 ; total, 1,972. LIVERPOOL, Nov. 14.—The I?..ayal mail steam-chip Africa eailee hence to-Jay for New Yore, having on board, besides 86 passengers, 55,000/. in specie Gil freight. The screw steam-ship Kangaroo takes her departure hence for New York on Wednesday next. DEATH OF Mit. HARRIS, HER MAJESTY'S CONSUL GENERAL AT VENICE.—We regret to hear that this much-esteemed geatleman expired, in the 41st year o hi: age, at Venice, on the 13th inst. He was grandson to Lerd Malinesnury, the celebrated d plomatiet, and private secretary to the present Earl during his tenure of the Foreign-office, is 1352. He was remarkable foi his abilities as a scholar and a linguist. He had securcu by his tact and judgment the respect of both the Aus trian and Italan parties in the Lomharde-Venetian kingdom, an well as the confidence of his own Govern ment. THE SOVEREIGNS or EUROPE. The Almanac de Gotha, of 1858, which has just appearel, contains tb names of 47 emperors], kings, princes, grand dukes, and dukes reigning in Europe, as well as the Emperor of th Brazils. The oldest of the sovereigns is the Grand Duke of Mecklenburg Strelitz, who was born on the 12th oi Aug., 1779; and next to him the King of kVurtemberg, born all the 27th of Sept., 1784. Tne prince who ba,, bad the longest reign is the Prince of Schaurubourg- Lippe, the date of his accession, when quite a child, be• ing the 15th of Feb., 1783. The younvst princes ar, the King of Portugal, bora the 16th of Sept., 1837, ano the Duke o! Parma (represented by his mother as regent) on the 9;1 of July, 1840. LAIINCH OF THE LEVIATHAN STEAM-Mr.—lt is in tended to make a second attempt to launch the Levia than (Great Eastern) to-morrow, Tuesday, Nov. 17, and we hope that on this occasion this noble vessel will be safely lowered into her future element.—[From a Corre spondent.] _ _ The commercial accounts from Bombay- are satisfac tory. At Calcutta a favourable turn of about 2 per cent. appearg to have taken place in the rate of exchange. At Shanghai also there has been a similar movement to the extent of 11 cent. At Hong Kong the quotation seems to have gone in an adverse direction, being about 2i per higher. _ — Messrs. Coutts and Co. have intimated that their allowance for money on deposit will be limited to 5 per cent., notwithstanding the recent advances in the Blink rate of discount, as they consider this the maximum compatible with perfect security in its omployment. the directors of the City of Glasgow Bank have in serted an advertisement in the North British, Daily Mail calling upon the depositors, with a view to enable the Bank to resume business, to allow their deposits to re main at four months' notice, until it is again in a posi tion of ease. The directors think it probable the Bank will soon be able to allow depositors on open account the usua: facility of drawing and lodging as formerly. Save ral of the persons most largely interested have already concurred in this arrangement. As the Bank Charter Act had not been infringed up to Thdraday evening, it was thought possible the same result might he witnessed as in 1847, when although the authority was given, it was not found necessary to use it. It now appeari, however, that the reguiar issue has been exceeded, and that an Act of Indemnity will have to be obtained from Parliament. Last night the excess of credit notes in circulation beyond the prescribed four teen millions was 180,0001 , and to-day it is believed the amount will be found to have been further increased,— Timer City of Saturday. The suspension was announced on Saturday morning of Messrs. Jellicoe and Wix, Turkey reer , :.:h nte ; also of Messrs. Jose P. De a and Co., in the Brazlian trade. The liabilities in the first case have not been stated. In the latter they are small. Messrs. De Sh and Co. have been brought down by the failure of Giu maraes and Co., of Paris, mentioned two days back. The news of the suspension of the Bank Charter Act taken out to America on Saturday by the Africa from Liverpool will probably be received at New York before the arrival there of the Atlantic, which sailed on Wed nesday last, the Admiralty having given permissicn for the Africa to touch at Cape Race, Newfoundland, whence communication will be made by telegraph. AR the advices by the Atlantic were of a very gloomy cha racter, comprising the advance of the Bank rats to 10 per cmt.,"the stoppage of the Western Bank of Scotland, the City of Glasgo Bank, and Messrs. Sanderson, and the drain of a couple of millions of gold to Scotland and Ireland, they would be calculated to excite fears of an approaching convulsion, and thus create a relapse from any improvement that might have occurred in America. Hence it is very important they should be anticipated, if possible, by the news of Saturday. The Vanderbilt, from Southampton, alio sailed on Saturday afternoon, and it is believed that she likewise will call at Cape Race. SLIPPING DISASTERS ON THE EASTERN COALT.—Last week was again rather a disastrous one to the shipping on the eastern coast. The brig Andriette, Sorin Balty. ersen, of Drobak, from Sundswall for London, with timber and deals, grounded on the Cross Sand and soon lost her rudder, boats, sails, &c., from the heovy sea which was running. On the tide flowing, however, she was forced off the sand and brought into Lowestoft in a very disabled state. The schooner Belmont, Ham mas ter, of and from Sunderland for Middlesborough, with coals, sprang a leak off Cromer and soon afterwards foundered. The crew were picked up by the schooner Ebenezer, of Maldon, and were landed at Great Yar mouth. The brig Mercury, Captain Stock, of and from Sunderland for London, with coali, struck upon the Barber Sand, and the crew were obliged to abandon her. They were, kowever, safely landed at Great Yarmou.h. THE RELIEF OF LIICKNoW.. Col. Inglis, who ever since the death of Major Banks has commanded at Lucknow, served with the 32d in Canada during the rebellion in 1837, and was present in the actions of St. Denis and W. Eustache. He served also in the Punjeub campaign of 1848-1849, and was present at the first and second siege operations before Mooltan, including the attack on the enemy'. position in front of the advanced trenches on the 12th of September, where, after the death Lieutenant- Col. PattOun, he succeeded to the command of the right column of attack. He commanded the 32d at the action of Soorjkoond, and was also present at the storm and capture of the city and surrender of the fortress at Mool tan, the surrender of the fort and garrison of Chencote, and the battle of Goojerat, for which services he received _ _ _ - the brevet rank of Lieutenant-Colonel. His commissions are dated—Ensign, August, 1833; Lieutenant, January, 1839 ; Captain, September, 1843 ; Major, February, 1848 ; Brevet-Lieutenant-Colonel, Jane, 1849 ; Lieu tenant-Colonel, February, 1855 ; Colonel, June, 1855. THE NEW ENGLISH ENVOY TO THE UNITED STATES. —By letters from our London correspondent received by the Penia, we learn that the British Government has decided to appoint a special Minister to negotiate a settlement of the remaining differences between Eng land and this country in regard to Central American affairs. The appointment will take place early next year, and possibly sooner. We have reason to believe that Sir W. G. Ouseley has been selected for this important service. If so, the choice indicates a disposition on the part of the British Government to conduct this delicate and protracted negotiation to a peaceful and mutually satisfactory result. Sir W.Ouseley commenced his diplo matic career as attache to the British Embassy at Wash ington some years ago, when he married a daughter of the late Governor Van Ness, of Vermont. He has ever since manifested a steady and intelligent interest in the affairs of this country, and has written several pamphlets upon various topics connected with its cur rent politics. He had been engaged in !diplomatic eer• vice mainly in Braz:l and the River Plate, where his action was so little in accordance with the views of Lord Palmerston as to render it a little singular that be should now be appointed to office by a Minist►y of which that statesman is Premier. Sir William is well known to President Buchanan, and will enter upon this negotiation under circum.tances of peculiar promise. It is understood that, if succe,lsful in the negotiation here, he will proceed at once to Central America. We trust the rumour of his appointment may prove correct. --. Nero York, Times, Oct. 29. MURDER OF A FARMER IN DERBYSHIRE —Oa Friday evening, about 5 o'clock, as Mr. Fletcher, of Alton Col liery, was passing along the road at Ashover-hill, about five miles from Chesterfield, he heard some heavy groans. He stopped and was soon joined by a labourer. They procured a lantern and found a man lying in the road and bleeding profusely from the head. He was at once recognised as James Simpson, a farmer at Aehover, a Wesleyan local preacher, and a man of steady and regu lar habits. He was quite insensible, and. coon after be was carried home, died without having uttered a word. He had that day attended the market at Alfreton, and was on his way home with groceries and other purchases, which were found i❑ bin basket. He had, however, been robbed of his purse and watch. The wound in his head was a gun or pistol shot wound. A surgeon, who examined it, was of opinion that a ball as well as small shot had been used. The weavn must have been fired off close to the deceased, as his face was blackened and his whiskers singed by the powder. An inquest was held on Saturday evening, and adjourned for a week. NARROW ESCAPE FROM SUFFOCATION. -.Considerable excitement was occasioned iu Stamford on Stamford ou Monday morning by a report that two of the servants of Mr. Henry Smith, of Tinwell-road, had been discovered in a state of suffocation from the fumes of a small stove iu their bed-room. The facts of the case appear to be as follows :—The wall of the servants' bed-room has lately been undergoing repair, and, in order to dry the plaster, a small cabin stove, fed with common pit 0)11, had been placed in the room during the day-time and removed at night, strict orders being also given to the servants on going to bed not to shut the door close. On Sunday night the washerwoman having occasion to sleep in the house, retired to bed with the servant, and on finding the fire was very nearly all burnt out, she took away the pipe of the stove, which had been placed out at the open window, and left the stove in the room, thinking that so small a portion of fire could do no harm ; nor did she consider it necessary to adhere to the instructions of the mistress to leave open the door. On finding in the morning that they did not rise at the usual time, nor answer to a call, Mr. Smith opened the door, and was greatly &armed at seeing them both to all appearance, dying from suffocation. A me dical man was instantly called in, and they were removed into other rooms, wham an abundance of fr. eh air could be obtained. The bodies were laid upon mattresses, their heads raised by pillows, and persons employed the whole of the day rubbing the arnv, legs, and chest, to promote the active circulation of the blood, which means, together with a small quantity of brandy and water occasionally poured into the stomach bad the desired effect of gradually restoring them to consciousneas The elder woman became sensible on the second day and the younger one not until Wednesday. They are now in a fair way of recovery.—Stamford Mercury.- VACANCIES, APPOINTMENTS, AND PROMOTIONS IN THE CIVIL SERVICE.—The Foreign Department.--Mr. Ed ward Robertson has been a ppointed Acting Cansul Callao, Peru. Bank of Enland.—A vacancy in the Cashiers' Department has occurred by the death of Mr. William Williams. Coast Guard.—Lieutenant Hugh IL Knocker, R . N., has been appointed to carat - nand the Royal Cha r l o tt e, C oas t- guar d cruiser, vice Lambert, ap pointed to th e comman d o f a s t a tion ; Lieutenant Wrn. L. Lambert, R . N ., h as b een a pp o inted to c uninald th e Garran Hav en S tat i on, vice Mr. Pyper, provioui•ly re moved ; Cimmander Woodley, R.N., has been removed I froui Southsea, to command the Carlis'e division of the Liverpool distrie. Customs.—A guagership has become vacant, vice Carric,gson, superannuated ; a number of weighersbips and tidewaiterships will soon become vacant, in coesecoence of volunteers leaving, in connec :ion with the Ordnance Department, for service iu India; air, Geerge Stainburn has been a clerk in the Tea ai East India Department in London ; Mr E'en has been appointed a junior clerk in the Receiver-General's Office; Are Arthur W. Walsworth has been promoted from 4ixth to fifth c!ais searcher at Louden; Mr. Wildaei Gaul] has been uroincted from tide surveyor at I;rne,ick to be tidesurveyor third class at Liverpool ; Mr. James Dawson has been pro:noted from tidesurveyor third less at Liverpool to be tidesurveyor second class at Gr enock ; Mr. Matthew Carr has been promoted from tidesurveyor at Ro , sfare, Wexford, to be tidesurveyor at Limerick ; Mr. Peter M'Dowall has been promoted from visistant-tidesurvey or at Newport to be tidesurveyor at Roeslare, Wexford, Inland Revenue Departmett.— James Leslie, supervisor of Perth, after a lengthy and ionourable service, h as re tired upon superanaenuation ; air. Orch ar d, l ate superinten d en t o f the revenue cutter Curlew, has been appointed supervisor of Buckl y rie dis rict, upon the di scont i nuance o f the establishment of the Curlew. -41:1;17 SCITiCC Gazette. Paris on the subject of the Principalities. It is dated Oct. 28 : " The divans ad hoc of Wallachia and Moldavia have just expreseed their opinion on the following points : —Union of the two provinces under the denomina tion of Roumania ; foreign prince belonging to one of the reigning families of Europa ; the heir to be brought up in the orthodox religion; auto nomy, constitutional Government and c dlectire guaran tee of the Powers which signed the Treaty of Paris. The speakers, in expressing their wishes, have carefully avoided even mentioning the words suzerainty, and have made use of expressions which sufficiently show the object they wish to attain. It is true that, in order to save appearances, or the better to conceal they wishes, they have spoken of their desire to respect the ancient stipulations with the Sublime Porte—treaties the original of which nowhere exist in the world, and which have been violated mere than once by the Moldo-Wallachians themselves. The history of the empire and innumerable documents will show what are the true titles in virtue of which the Sublime Porte has exercised its legitimate sovereignty over those countries for so many centuries, and which was the origin of their privileges. The actual composition of those assemblies led to the result which we have now before us being foreseen ; and it was precisely under that provision that my circular despatch of the 233 Sept. was drawn. No more reasonable issue could be hoped for from elections in which men, imbued with the ideas which nearly overturned the whole of Europe in 1848, took so large a part. In instituting the Divans, the Powers more particularly had in view to ascertain tbe adminis trative reforms'of which the Principalities might stand in need for the progress of their prosperity. Far from thinking of this, the Divans have commenced by demanding reforms purely political, that is to say, by two swishes, which were nothing less than an attack on the principles of the suzerainty and on the mainten ance of the integrity of the Ottoman empire, ratified once more by the said Treaty of Paris. There can be no doubt that subsequent votes will be entirely in unison to those already given, and the whale together will form a state of things which will raise more than one difficulty to be solved. However this may be, the European Commission will set forth in its final report all that will be submitted to it on the part of the Divans, and it will be for the Congress afterwards to appreciate the bearing and character of their works. As to the Sublime Porte, confident in its rights in the per fect sincerity of the intentions of its august allies, it will wait with security for the meeting of the Conferences of Paris, to discuss and combat the soi disant national de mands of the assemblies in question. You are requested Monsieur, to explain yourself to the Government to which you have the honour to be accredited on the last phase of the affairs of the Principalities, conformably to the principles which I have above pointed out. " Accept, &c., " AALL" The following de patch, dated St. Petersburg, 22d ult., was sent by Prinea Grtschakoff, the Russian Minister of Foreign Affairs, to M. de Bou tenieff, theßussian Minister at Constantinople "M—, the Turkish Envoy at St. Petersburg, was charged by his government to send to me and leave me a copy of a despatch from the Turkish Minister of Foreign Affairs relative to the question of the principalities. In this document of which I have the honour to annex a copy, Aali Pacha, renewing the declaration of the 14th October, 1856, a copy of which has been also left with me by the Turkish Envoy, maintains the resolutions which are therein set forth on the eventual question of the union of the Principalities, whatever may be the wishes expressed on the sulject by the newly-elected Divans. My reply to the Turkish Envoy was that on this point the Imperial Cabinet could only refer to the attitude which it has invariably adopted from the very commencement of the question, that is to say, that without declaring itself in any way either for or against the union of the Principalities, and at present limiting its action to the pure and simple execution of the clauses of the treaty of March 30, the Imperial Cabinet would entirely reserve its definitive judgment on the future or 4anieations of the provinces until the time when it shall be called on to do so at the conferences. in the convic tion that this course is in strict conformity with the spirit as well as the letter of the Treaty of Paris, th e Imperial Cabinet sees no motive for departing from it, and co-esequently maintain its resolution to remain faithful to Your Excellency will please commu nicate this iespatch to Aali Pacha, and leave him a copy of it The Austrian Charge d'Affaires has read me a desp4 ;h from Baron de Werner, which completely joins in the, point of view of the Ottoman Cabinet. I have given to Count Szechengi an answer perfectly identical to that which I now beg you to communicate to the Minister of +Foreign Affairs of the Sultan,— Accpt, " GoRTSCHLKoFF." LATEST NEWS. AMERICA. (BY ELECTRIC TELEGRAPH.) LIVERPOOL, MONDAY MORNING. The royal mail steamship Europa has arrived, with advices from New York to the 3d inst., and Boston to the 4th. She has brought 6,500 dols. specie on freight. On the sth inst. the Europa passed the royal mail steamship Canada, hence, for Halifax and Boston. The steamship Arago, from Havre and South ampton, and the screw steamship City of Balti more, hence, had arrived at New York, and the Canadian royal mail steamship Indian, hence, at Quebec. The Bank statement indicated increasing strength, but no disposition to extend in the ag gregate their loans from week to week. Some few Lad enlarged their discount line to the total extent of nearly 600,000 doll. A large amount fell due on the 2d, iu the shape of house rants, coupons, &c. The President of the Erie Railroad bad ad dressed the members in reference to the present condition and prospects of the concern. He urged immediate assistance. His appeal was answered by a subscription of 1,000,000 doll. towards the fund required. In the stock market the prices of the 31st were not sustained. Erie declined, 1 ; Reading, 1 ; Michigan Southern, ; Chicago and Rock Island, 1. State stocks were steady at Satur day's prices. Illinois Central Bonds closed 1 higher ; New York State Sixes, ditto. The American Exchange Bank had declared a dividend of 3 per cent. The following would pay no dividend :—Bank, State, Now York, Broadway, Chatham, City, Fulton, Greenwich, Union, and Mechanics' and Traders'. Exchange on London was quoted at 107 to 108 for 60 days', and 109 to 1091 short sight. Money was easy on prime short paper, though hard to come at. A moderate business had been done in cotton, at rather firmer prices. Flour quiet but steady. Wheat rather lower. Corn better. Spirits of turpentine firmer. By telegram to Boston we have New York ad vices to the evening of the 3d. The money market was quiet, but improved slowly. The strong po sition of the banks had exercised a favourable ef fect. Stocks were irregular, but higher. Flour steady, and in good demand for export. Cotton 121 c to 13c. Wheat in good demand, and steady ; freight unchanged ; iron dull. The Star of the West arrived at Havannah on the 29th with the Californian mails, and over two millions in specie, 500,000 dollars of which were for Europe. At Havannah, on the 29th, the stock of sugar was 160,000 boxes. Holders were shipping in preference to selling at lower rates. Exchange lower. Financial distress was becoming apparent. At New Orleans, on the 3d, cotton was un changed ; decreased receipts, 242 odd. Sugar dull, new crop coming in. Exchange on London 94 to 95. (LATEST BY TELEGRAPH VIA HALIFAX.) NEW YORK, Nov. 5. The City of Baltimore has arrived from Liver pool. The Canada advices were published on the afternoon, of the 4th. Cotton very dull tc-day, but prices nominally the same. Breadstuffs in good demand, and tending upwards, excepting for Indian corn, which is drooping. Sterling exchange to-day quoted at 105 to 108. The money market is decidedly easier, the Cali fornia mail steamer having arrived with about 1,400,000 dols, in gold. NEW ORLEANS, Nov. 4, EVENING. Cotton today was quite buoyant, and prices advanced 3-16 c. per lb. The days's business had been 3,500 bales. Sterling exchange flat, but the market is certainly easier. The Citizen's Bank resumed payment, in specie, to day. Messrs. Neill, Brothers, and Co. of New York, telegraph, under date Nov. 5, as follows : " Our telegrams from the south to-day report the cotton markets generally brighter. ' A large sale of sterling bills has been made at New Or leans at 10 dis.; small amounts are quoted at 5 to 6. The New York market for cotton to-day showed no change." BELGIUM. DISSOLUTION OF THE BELGIAN CHAM BER OF REPRESENTATIVES. [FROU OUR OWN CORRESPONDENT.] The Moniteur Beige has just published tho fol lowing proclamation : "Leopold, &a. pursuant to Article 71 of the constitu tion, which is as follows : " The King has the power of dissolving the Cham bers, either simultaneously or separately. The act of dissolution must provide for the convocation of the electors within 40 days, and the Chamber within two months.' _ _ . - ‘ 7 1710n the report of the Minister of the Interior, and with the advice of our Council of Ministers, We have ordered and do order— " Article I. The Chamber of Representaves is dis solved. " Article 2. The electoral colleges of all the arrondisse ments of the kingdom are convoked for Tfiursday, the 10th day of December next, at ten o'clock of the morn ing, for the purpose of electing each one the number of representatives indicated on the subjoined lint. "Art. 3. The Senate and the Chamber of Represen tatives are convoked for Tuesday, the 15th Deo. next." Then follows the list referred to in the second article. It ie therefore now certain, as I informed you would he the case in one of my previous communi cations, that the act of dissolution wily applies to the Lower Rouse, the Senate remaining for the present intact. M. Mercier, the late Minister of Finances, was summoned yesterday to the presence of the King, and had a lung interview with his Majesty. M. Lebeau, formerly Minister for Foreign Affairs . and of Justi ce , h as b een appointed a M i n i ster of State. M. Delfosse, formerly President of the Chamber of Represe n t a ti ves , has been likew i se appoin t e d a Minister of State. PRANCE. PARIS, SUNDAY EVENING. The French Government is really desirous that the feud which has raged detween M. Thouvenel and RedFchid Pasha should cease. A telegraphic i despatch received yesterday from Constantinople announces that the Ambassadors of Russia and Prussia had again set to work to bring the two great men to an understanding. It is now said that Franca and. Russia are not unwilling to modify their views respecting the Ptincipab- , ties, and that, whatever those views are, Prussia is agreed with those Power. The Turkish Govern went,wasit it appears, desires that Fu ad Pasha should asist Mehemet Boy, its ambass a dor i n Paris, alluded Affairs, during the Congress, which is now believed to be fixed for the end of December. Fuad is well acquainted with the Principalities. M. Hubner of Foreign n e: o g a n will not now quit Paris. Uo had yesterday ar , i ll _ i t j p o r - t, r - j o e b w a b w ! e i t h t that the Minister project o the subject discussed by them. The Court is not expected to leave Compiegne for Paris before the 26th of this mouth. Walewski and Lord Cowley are still 1. M. gdests of the Emperor. THE DANUBIAN PRINCIPALITIES. The following is the text of a despatch addressed to the representatives of the Sublime Porte at the Courts of the Powers which eigne4 the Treaty of ROYAL POLYTAOHNIC INSTITUTION. The last novelty at this institution is a lecture by Mr. Pepper on the progress of " A Scuttle of Coals from the pit to the fireside," so copiously illus trated by dissolving views of a picturesque as well as scientific kind that it almost approaches the character of as " entertainment." Comprehen sive as the title may appear, it is less so than the subject of the lecture. Mr. Pepper goes a long , way beyond the pit, beginning with those primae val fore.ts to the combustion of which the coal formations are attributed, next proceeding to the consideration of the fossils that bear marks of their vegetable origin, and then explaining the geological circumstances connected with the discovery of coal, before he even sets foot in the vehicle that takes him into the region of the modern miner. The ac count of the "pit" itself is, in fact, a narrative of Mr. Pepper's own descent, anti the spectators are net only informed of the whole process by which coal is hewn and brmight to the surface, and ini tiated by means of an illustrative experiment into the mysteries of "down-zast'' and "up-cast,'' but are, moreover, made acquainted with tree peculiari ties of subterranean existence, the misery existing prior to the Earl of Shaftesbury's reform being con trasted with the comparative comfort of the present day. The latter portion of the lecture is devoted to the consideration of firedamp ; and here Mr. Pepper introduces a minute explanation of the " Davy lamp," showing by experiment the virtue of the wire gauze, and illustrating the danger of carelessness by a view of the recent explosion in the Lundhill Colliery. At last, when his underground work is finished, he brings the whole discourse to a cheerful conclusion by views of the banquet given by the Marchioness of Londonderry to her work ' men, and of the London Coal Exchange, this being tho nearest approach to the "fireside" capable of picturesque exposition. Altogether this lecture is one of the most am us i ng and initructivo that has ever been delivered within the walls of the Poly technic. There is scarcely a fact recorded that is not illustrated by a picture, or a principle stated that is not elucidated by a diagram, so that if the ears of the spectators refuse to receive the informa tion, which is clearly, eloquently, and sometimes even hurnourously given by Mr. Pepper, his eyes can scarcely refuse the intellectual nutriment. THE PENINSULAR MAILS.—The Peninsular and Ori ental Company's steamship Alhambra, Captain J. K. Joy, arrived at Southampton on Saturday, with mails of the following dates, in charge of Lieu Cuarlton. R.N., Admiralty agent :—Gibraltar, Nov. 5 ; Cac iz , Nov. 6 ; Lisbon, Nov. 3 ; Oporto and Vigo, Nov. 10. She had 32 passengers, among whom was his Excaleney M. d'Oztroff, Russian Ambassador for the Court of Lisbon ; and on freight 6001. in specie and a large cargo of oranges, lemons, raisins, chestnuts, dried fruit, eggs, wine, cigars, orchella, tta. The Alhambra, during the homeward voyage, had light northerly winds and fine weather. She hove to off* the Needles all Friday night on account of the thick haze. The British steamer Eu phrates, Captain Joy, arrived at Gibraltar on the morn ing of the sth from Liverpool. Her Majesty's ship Curlew was at Gibraltar. At Cadiz were a Dutch frigate and a Danish brig of war. Her Majesty'adhip Scourge arrived at Lisbon on the 7th from the We t Coast of Africa, and left on the 9th for Portsmouth. At noon on the 9th, off Cape Roca, the Alhambra spoke the steamer Corinthian, of Liverpool, steering south, and at the same time the steamer S , :amander, steering north by east. The Peninsular and Oriental Company's steamer Tagus, with the outward mails from Southampton, was at Vigo. Lisbon advices are anticipated by the Teviot. ROBBERY AND ATTEMPTED MURDER ON WESTMINSTER. BRlDGE.—Yesterday (Sunda)) morning no little sensation was 'created in the neighbourhood of Lambeth and West minster in consequence of a report that a foreign gentle man had been Waylaid on NVestuainater-bridge, twice stabbed in the lower part of his stomach, and afterwards robbed of between 131. and 19/ , and that he was lying in the 'Westminster Hospital without hopes of recovery. Upon toe reporter making inquiries, it was ascertained that between the hours of 4 and 5 o'clock yesterday morning, Police-eergeant Budd, of the L division, while on duty in the Belvidere-read, Lambeth, noticed a Frenchman staggering along the road with his bands pressed upon his stomach, and apparently in the act of falling. The officer thinking that he was inebriated ran copiouslyer puncturedflowing to his assistance, when the m an p o i nte d to his stomach, bosodwas clothes wore ianda twothe s p e l r aec, 11 e e : t a s nd saw that t t his from each hole. He at once took the wounded man to a surgeon's and afterwards to the Westminster Hospital, when it was found that he had two stabs over half an ielh in depth on the lower part of his stomach, and upon inquiries being made as to law they were inflicted be stakd that as he Wai passing along Trafalgar-square he was accosted by a wan to whom he paid no attention, but the same person continued to follow him until he got to the foot of the bridge, when the fellow gave him two violent blows on th? stomach which too!: he, breath away and then rubbed bins of between 18/. and 191. At filet he was not aware that he had been stabbed, but upon vialkin away felt exhausted, and then noticed the blood flowing from the punctured wounds. Everything has been done for the man, and the lmelorrhage has been stopped by the medical officers of the hospital, and there seems every chance of his recovery. Mr. Super intendent Walker and Sergeant Saunders of the detec live force have been actively engaged in inquiring into the case, and from the fact of a knife being found in the mans 'pocket, the point fitting the holes in the dress, and his prevaricating in his statements as to the manner in which he was stabbed, these officers ere of opinion that he stabbed himself with the knife found in his pos session. TIM MONEY TO TRU EDITOR OF THE SUN. SIR,--Truth and justice have triumphed over reckless selfishness and pertinacious ignorance, and the principle of Peel's Bills of 1810 and 1844, is, at the last moment, surrendered. It was surrendered in 1825, when the Bank issued a bok-full of old 1/. notes, which as the Governors of the Bank after wards said, "saved the country." It was surren dered again in 1847, when Ministers recommended the Bank Directors "to enlarge the amount of their discounts and advances, .upon approved security," promising a Bill of Indemility, if necessary, when Parliament met. It is surrendered for the third, and, we trust and believe, for the last time, now when ruin has been brought on many solvent, and more than solvent, princely and o!d-established mercantile houses, and priva tion, suffering, and crime, are inevitably entailed on thousands and hundreds of thousands of inclustriou , and unoffendin operatives and artizans in England and Scotland. Has, then, enough been done—has enough been suffered—to satisfy the supporters of a visionary idle theory of the Bullionist faction ? Are the English people now prepared to repudiate a system which bitter experience has proved to be ruinous and pernicious in the highest degree, and to adopt a system which, under every possible disadvantage, has been proved to work well, and with the superior knowledge of monetary science which we now possess might be made to approach as nearly to perfection as can be expected in any mundane financial arrangement. The Queen, sir, enjoys the prerogative of making money. We have by usage, for convenience, and of necessity, y aper money, as well as gold and silver coins. Let, then, her gracious Majesty exercise her prerogative to the full. Let paper money-- exchequer notes of V. (or less if thought well) and upwards be issued, with her Majesty's image and superscription, and form the basis of our currency system. Experience has ascertained the fact that 20,000,0001. of such notes receivable for taxes and made a legal tender at the Bank, would be amply sufficient in securing an adequate circulating me dium, and preserving us from monetary convul sions, such as that from which we are now escaping. These notes would be hailed by a loyal people with joy, they would ensure a circulation which would neither be hoarded nor expected. They would be as safe and stable as her Majesty's throne, and as the honour and majesty of the British nation. What is opposed to this ? We repeat, nothing, but an idle, though most destructive theory of the bullioniats. The theory, namely, that nothing can discharge the functions of money which does not also possess the intrinsic value, in some metal, which it represents. Every note, government or otherwise, must, they say, be convertible into a certain unva riable piece or pieces of gold, of ascertained weight and fineness. We ask, then, why ? If we, atheme, like to have a cheap, convenient, untiuctuating token of value, issued under the highest authority in the State, and made perfectly secure, and "con vertible" into everything, gold and silver inclusive, at the market price, why, why, 0 Overdone, should we not have it ? I will not go into the question of foreign trade. It was proved, from 1797 to 1815, that our foreign trade went on just as well without gold money as it ever did with it. Why not ? The foreigner barters with us. If we pay him in paper notes, he converts them on the spot into whatever commo dities he wishes to take back to his, country. If gold or silver be required, the bullion merchant will supply him to any extent. The truth is, Sir, that England has, again and again, been half ruined in support of an abstract crotchet, of no real value whatever except to rash capitalists, who have turned it to their own selfish advantage, at the expense of their industrious fellow -countrymen. —1 am, Sir, your obsdient servant, PROPHETIC. TO THE EDITOR, OF THB SUN. SIR, —As an instance of the most practical 51 3 4; cation of those views regarding the currency w t you so ably advocate, m a y I reques t y ou t o rer in from the Glasgow Daily Mail the following sentence : " We are glad to inform our readers that at , art influential meeting of the members of the various public corporations and committees of parochial boards held yesterday forenoon, it was unanimously resolved to receive the notes of the Western and City of Glasgow Bank in payment of police, water, poor, and other rates and assessments." Were the imperial Government to imitate on a large scale this example of the Glasgow authorities, every interest in the country would feel secure, even although the "Old Lady" should be totally drained of her miserable remnant of gold. am, &c. , A. C. November 14. TO THE EDITOR OF THE SUN. Six,—ln these days of empiricism it is refresh.. lug to fiud oue enlightened journalist with vt'i enough to discover the truth, and courage enough to enumerate it. As a practical man of business, with a first-class experience of more than 20 years, I can, without hesitation, endorse your views as to the true cause of our present monetary pressure, and the proper remedy t o b e applied. The argu ments, or rather falla c i es , of your dogmatical con. temporary of Printi ng House Square, are rece ived by men of sense "quantum valerunt," and I trust you will not relax in your efforts to expose to your readers the heinousness of the Bank Restriction Act, which has the effect of limiting commerce, without checking reckless speculation, and, in times like these, is calculated only to make the rich richer, and the poor poorer.-1 am, sir, your obedient servant, J. L. IL City, Nov. 14, 1857. BUENOS AYBEAN BONDS. The following documents submitted by the Go vernment of Buenos Ayre3 to the Chamber of Representatives for the settlement of the claims of the foreign debt of that Republic have been re ceived by the Brazil steamer just arrived _ _ " Buenos Ayres, Sept. 28. " The Executive Power to the President of th e Hon. Chamber of Representatives. " The Government having, after long negotiati /4 come to au agreement with the commissioner a the bondholders relative to the bases for the definit ive regulation o f th e d e b t o f th e l oan o f L on d o n, 113 " - the honour to submit to the hon Chambers the annexed project of law, begging competent autho risation to carry the said regulation into effect, trusting that the Legislature will consider it con venient to grant to it their sanction. " In order to give the hon. Cham bers all neces sary knowledge of this important negotiation th e Government annex an authorised copy of all mat ters precedieg the negotiation from 1854 down to this date. The Minister of Finance is, moreover, charged to explain to the General Assembly the bases of the project, and give all necessary details respecting it. " God preserve the President many years. " VALENTIN ALSINA. NORBERTO DE LA RIESTRA." " 4 PROJECT OF LAW. " The Senate and Chamber of Representatives of the State of Buenos Ayres, united Iu general assembly, have sanctioned with the value an d force of law the following : " Art. 1. The Executive Power is authorise a to conclude the regulation of the debt of the Loll" don loan on the following bases and conditions :-"d: " 1. In order to meet the interests and amen'' sation fund upon the debt the Government will guarantee in 1857 the sum of 36,000/. ; in 185 0 1 48,0001. ; in 1859, 60,0001. ; and f rom 1860 arlu' following 66,0001., nail the entire payment of the capital. " 2. For the amounts of interest due, and to fall due, down to the end of 1858, the Governolel will issue new bonds burin the following rates 1 interest :—From 1861 t o 1865 inclusive 1 per W i. per annum ; from 1866 to 1870 2 per cent. per g er num ; and f rom 1870 an d follow.ing 3 per cent. p et annum, assigning A p er cen t. p er annum, or 200th.part of the entire amount as an amortisatio fund. • " 3. The Government reserve the power of in; , creasing the amortisation fund o f th ese bonds 3 s whatsoever period after their issue with the all °3 o which the Jiegislature may authorise them to us for this purpose. " Att. 11. The necessary amounts to moot th: obligations determined in the for ego i ng artieie a r especially assigned to be deducted from the rol r e ll . 1 of the public funds of the Stat e , except i ng s uch 4 , may he the property of the muni c ip a l i ti es ; au" ..- case of any deficit it is to be su ppli e d f rom the g" - neral revenues of the St a t e or f rom specia l res ource" to be created by the Legislature. " Art. HI. Lot this be communicated to the Executive rower. RIESTR A• 4 " BUMOS Ayres, Sept. 28, 18572 " BILLIARLS -- AN I NTERESTING GAME. —Oa Ffiel fd - - ever,icg a mos t i nteresting game of billiards was poa c. at the Sean Ilotrl Waltiankgreen, Fulham, betwe—o Colonel S m ith and Captain Bennett, " two hundre d 5P ' Alter th e cl n , est play, the g inie terminated in the defea t of th., "little captain " by the colonel, who won 0 4-9 ; l'! - .2e room was well attended, and the host, Mr. WA llt n e o : roads the most satkfactory arrangements for the acc - ,,, mailation of the visitors. After the match a large Pb ar assembled, and Ulu festivities were prolonged t..14'... In all probablilk7 " wee short hour ayont the twat." another match will be made. ‘dtif t,