The Sun. — London, England, 1857-11-10 00:00:00

_HER MAJESTY'S THEATRE. JIILL LEN'S CONCERTS. MDLLE. JETTY TREFFZ THIS EVENING. The Indian Quadrille and General Havelock's Triumphal March, dedicated to the Heroes of India, is in active re hearsal, and will be produced on Thursday next, Nov. 12. Prices of Admission—Promenade, is ; Upper Boxes, ls. ; Gallery, Is. ; Dress Circle, 2s. 6d.; Private Boxes, 10s. 6d. and upwards. Prospectuses, with full particulars, may be heel at the Box office of the Theatre ; of all the principal libraries ; and at Jullien and Co.'s, 214, Regent-street. The Concert ►ill commence at Eight o'clock. THEATRE ROYAL, HAYMARKET. Lessee—Mr. J. B. Buckstone. THIS EVENING, to commence at Seven o'clock, with a new Comedy, entitled AN UNEQUAL MATCH. Princi pal characters by Messrs. Buckstone, Compton, Chippendale, W. Farren, Miss Amy Sedgwick, Mrs. Buckingham White, an Mrs. E. Fitzwilliam. After which, LEND ME FIVE SHILLINGS. To be followed by THE STAR OF ANDALUSIA. Orchestra Stalls (which may be retained the whole of the - - evening), ds. each. (No charge for booking.) First Price. s. d. Second price. R. 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. ROYAL PRINCESS'S THEATRE. Proprietor, Mr. Charles Kean. LAST WEEK BUT TWO OF THE TEMPEST. THIS EVENING, will be performed Skakspere's Play of THE TEMPEST. Preceded by LIVING TOO FAST. THEATRE ROYAL, A DEL PHI. Lessee—Mr. Ben. Webster. THIS EVENING, will be performed the popular drama of THE GREEN BUSHES, in which Mr. Wright, Mr. Paul Bedford, and Madame Celeste will perform. After which, an original Apropos Sketch, entitled THE DRAPERY QUESTION ; or, Who's for India I Messrs. Wright, P. Bedford, C. Selby; Miss M. Wilton and Miss Mary Keeley. ROYAL LYCEUM THEATRE.—Lessee, Mr. Dillon.—Under the joint management of Miss LOUISA PINE and Mr. W. HARRISON, THIS EVENING, wlll be performed the celebrated opera TROVATORE. To conclude with (sth time) a new Farce, entitled A PAIR OF PIGEONS. Mr. G. Honey and Miss Cuthbert. Private Boxes, £2 12s. 6d., £2 25., and £1 Ils. 6d. ; Stalls, 6s, ; Dress Circle, ss. ; Upper Boxes, 4s. ; Pit, 25.; Gallery, Is.—Tke Bex Office is now open daily, from 11 to 5, wider the direction of Mr. Chatterton, jun. STRAND THEATRE.—THIS EVENING, will be performed De pi —wen. THE GENTLEMAN OPPOSITE. After 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 Herbert _ . Commence at Seven. Stalls. 3s. ; Boxes, 25.; Pit, ls.; Gallery 6d. ; Private Boxes, 11. Is. ROYAL OLYMPIC THEATRE. Lessees, Messrs. Robson and E m d en . THIS EVENING, will be performed the comedietta, en titled A SUBTERFUGE. Mrs. Stirling, Mr. G. Vining, and Mr. G. Murray. Followed by the new comedy, called LEADING STRINGS. Messrs. Addison, G. Vining, H. Wigan ; Miss Marston and Mrs. Emden (late Miss Somers). After which, HEADS OR FAILS. Messrs. Addison, G. Vining, H. Cooper ; Mrs. Stirling, Misses Wyndham and S wanborongh. Commence at half-past Seven. R OYAL SURREY THEATRE. Lessees, Messrs. Shepherd and Crsswick. THIS EVENING, will be performed a new and powerful drama, entitled INDIA IN 57. Messrs. Shepherd, Cres wick, W. Smith, Vollaire, B. Potter, Widdicomb, Belmore, Tapping • Miss M. Eburne, Mi ss W e b ster, Miss Chalmers, Miss Johnstone. After which, a now Petite Comedy, UP IN THE WORLD. Followed by OUR TRAVIATA. The Blighted One, Mr. Widdicomb. CANTERBURY HALL, Westminster-road.— OPEN EVERY EVENING.—The follow n; company of Vocalists are engaged for the performance of Selections from all the popular OPERAS, MADRIGALS, CHORUSES, GLEES, DUETS, &c., viz. :—Miss Russell, Mrs. Badzey, Madlle. Marietta, Mrs. Palmyre, Xiss Bru nell, and Madame Marietta ; Herr F. Jonghmans, Mr. Renshaw, R. Grover, T. Far:ant, S. Jones, J. Barker, W. Melling, Senor Antonio, E. L. [lime, and Mr. St. Albyu; Messrs. S. Collins, W. 1. Critchticld, and E. Mack ney. Pianoforte, Mr. Cecil Hicks; harmonium, Master Williams ; Director, Herr F. Jonghmans. Commence at Seven o'clock precisely. Sappers, &c., mail twelve o'clock. HIG}I WATER AT LONDON BRIDGE. THIS DAY—Morn., 41 min. aft. B—Even., 22 rain. aft. 9 To-Monnow—Morn. 1 rain. aft. 10—Even. 36 min aft.lo THE WEATHER-SUN OFFICE, NOVEMBER 10. THERHONZTErt, IN THB SLIADI. 56—highest since noon yesterday. 51—lowest this morning and during the night. 53 —this day at noon. BAZOMETRII, 30.50—the highest this year. WIND, Easterly; fresh, with dull weather. 4 ) A 4, s .;•:-PLC - "z L A ,• . LONDON, TUESDAY, NOV. 10, 1857. The Bank of England has again raised its rate of discount. Ten per cent. is now the minimum rate of discount at head-quarters for unexception able commercial paper, and few, indeed, are able to provide for their wants at that rate. The joint stock banks were taking money at 8 par cent. previous to the last change, and it is possible that they also will increase their rates, and that 9 per cent. will be paid on deposits—the patties incur ring no risk or trouble of any kind. This is, no doubt, very pleasing to the ready-money men —the drones of the community—who wish to live in idleness on their accumulated and realised capital, but it is ruin to the industrious classes, who cannot maintain their establishments without serious loss, or who are unable to obtain adequate samuneration for their labour—their only avail able means of subsistence. Those who gain their daily bread by their daily labour should be the chief objects of solicitude. Their interests should be carefully guarded by the Legislature. But it is quite the other way. " P rot ection," and that of the worst description, is exercised. Protection not to native industry but to foreign and domestic extortioners, to usurers, and money lender; who reap unholy profits from the exigencies and pri vations of the great body of the people, who doubly gain, first by the extravagant rate of interest that trebles their income, and se condly, by the reduced prices of every species of commodity which are necessarily sold at less than the cost of production or importation. This state of affairs cannot possibly continue. The moat patient must eventually rise against the intolerable oppression. The burden is more than they can bear, If they must fall, far better that they should not be the only victims, that those who, by their selfish proceed ings have brought about the ruin, should be involved in one common destruction with them selves, Let there be a universal stoppage at once, and then the vampyre tribe may find to their cost that they have pressed the matter too far, and followed the example of the short sighted bullionist in the fable, that reck lee sly killed the goose . that produced golden eggs for his especial behoof. The Ameri can journals are already speaking of " a new start." Let matters go much further, and the demand may be re-echoed on this side of the At lantic. The nation is sick of these incipient and rapid fluctuations in the value of money, which have rendered commerce and manufactur e gambling speculations, rather than legitimate and straightforward transactions, which have at the same time doubled the weight of our taxation, and diminished in an increased ratio the means of bearing it. All complain, but, through the obscu- Zity in which the subject has designedly been in volved, although they feel the evil intensely, they cannot understand the nature of the remedy. We have repeatedly explained the only cure for the disease—the in6vitable adjunct of a purely metallic currency, or one framed so as to vibrate w in the same direction. So long as the circu lating medium possesses intrinsic value—so long as " the talent" can be buried,—so long will there I be periodical panics and hoardings. What is re quired is a measure and representative of value — and it is quite obvious that every domestic trans action may be carried on without the deposit, or the use of a single ounce of bullion. LYCIIRGITS, one of the wisest as he was one of the earliest Legislators—deemed it essential that the money of the State should be valueless—for the express purpose of preventing either concealment, or send ing it abroad ; and it would be well if we could obtain a representative or taxation money, that would answer for internal commerce, but which could never be diverted to any other purpose. Gold and silver would, of course, be occasionally required for adjusting balances of our foreign trade, but the amount would be compara tively trifling. The operations of the Clear ing House prove beyond the possibility of doubt how greatly the use of precious metals, or of their recognised representatives, may be re economised, and when we consider the effects that may result from an improved system, then in dustry will receive fair play. We must look for ward to the time when the present monetary sys: tern will be regarded as only less barbarous than a state of barter. There is one benefit to be derived from the present untoward state of affairs. It has con demned the Bank Charter. That unwise and impolitic system cannot be continued after its second failure, and all the evils consequent thereon. And the longer the struggle is pro. tracted—the more bitter the misery thereby occa sioned—the more certain will be the overthrow of the entire system. The golden idol must be destroyed, root and branch, if we would prevent our brethren from enduring the most terrible afflic tion and distress. Lord OVERSTONE thinks that " a relaxation ought only to take place in the last extremity, when the danger of general confu sion has become imminent." It is just possible, however, that he may reckon without his host, and that he cannot exactly fix the line of demar cation at which the evil may be checked, that he cannot say to the raging ocean, " thus far shalt thou come, and no farther." The Mayor of New York states that there is a prospect of two hundred thousand persons being thrown out of employment in consequence of the panic, and rendered dependent on public or pri vate charity for the means of existence, and he doubts whether they will not rather resort to violence and force, than submit to so humiliating an alternative. It is a reasonable apprehension ; and, possibly, similar fears may be entertained by those best acquainted with the state of Lancashire and Yorkshire, of Birmingham and Sheffield. Government would give relief, but they will not do so. Sir G. C. LEWIS is just as indifferent to the sufferings of the million as was Sir CHARLES WOOD, and until the matter is forced upon his attention nothing will be done. The people must speak out clearly and distinctly, speak out so loudly that their remonstrances may penetrate into the recesses of Downing-street, and show that they are determined to obtain justice. It is useless any longer submitting to the evil. The Bank must be placed in jeopardy before any relaxation can take place, and the sooner that can be effected the better for all parties concerned— fer the Bank itself, which will not be permitted , to fall, and for the people, who will thereby be restored to comparative ease and tranquillity. The Bishops of the Most High and Mighty Prince AXES told him once, if we remember aright, that they were " the breath of his nos trils." Whereupon his Majesty graciously pro mulgated for the edification of less suppliant Pres byterian Divines his famous adage, "No Bishop, no King." Of the falsity of his dictum, his kingdom of Scotland has ever sine,: remained a standing proof, the bishopless Presbyterians having continued as loyal as any of us ; but the bishops' own confession of faith is as rigidly true as ever. Dr. HAMPDEN is a living witness that a bishop owes his episcopal breath to the fiat of the Crown. SAMUEL WILBERFORCE Could not sub scribe himself SAMUEL OXON, till the secular head of the Church had said, " Let hira be a Bishop." Now, we may all of us be ungrateful, but Bishops ought, of all others, not be so. They and their Church ought, in language they sometimes read to their flocks, to "remember the rock whence they were hewn, and the hole of the pit whence they wore digged." The Rock WAS the Legisla ture, of which the Crown is the summit, the elec tors of England the broad base, and the Houses of Lords and Commons the intermediate cliffs. The Church, as an establishment, has, and can have, no higher origin. She is what the States of the Realm made her ; she will be what they yet may make her ; and one day, if Lord STANLEY be right, these three estates will dispense with her services altogether. The Bishop of Oxford must excuse thin whole. some little preamble, because the plain facts we mention are just those against which he is now kicking ; and he will assuredly find it, as he ought to find it, " kicking against the pricks." He is yet very sore about his defeat on the Divorce Bill. We predicted at the, time that he, and those of his school, would rue the day they took up arms against Sir RIOIrARD BETHELL ; and that when they almost forced him to the un desirable courtesy of allowing the non-jurors of the hoar, on the plea of consciences to evade ful filling the duties affixed to their Office by Aet of Parliament, his compelling them to admit into their churches any other clergyman who tvisbed to carry out his country's laws, would male them wince, wince heart-deep. And it has done it. The Bishop of Oxford talked at the time of mounting his horse, and, riding whip in hard, prohibiting the obedient clergyman from becoming voluntary proxy for the disobedient one. And now that the heat of discussion has surely subsided, yet our episcopal knight-errant cannot dismount. We find him, at his triennial visitation, challenging queen, Lords, and Commons afre sh, and deter mined to do battle still against Acts of Parlia• ment, and to vindicate ecclesiastical lawlessness, insulted in the persons of his incumbents. The Bishop complains that the law of the land and the law of the Church are now separated, and that this will tend to a separation of the Church and State. All depends upon what the Bishop holds to be the law of the Church. We maintain that the Church of England, as by I,:aw established, has and can have no other law than that which the Church, sitting as the threw estates of the realm, has enacted. Convocation is now a nullity. The Legislature is the Church of Zugland in its law - making capacity. We laymen are the Church, or at least the immensely greater part of it, for clergymen are but our Church administrators. We take the priestly heads of the Church to our counsels, and what we jointly enact, let it beat how it may on ecclesiastical matters, is the law of the Church. This plain fact suffices to dispos,) of almost all Bishop WILBERFORCE'S sophisms. Row can any Act of Parliament prescribing du, - ties for clergy men separate Church and State, when the Church itself in its legislative capacity hAs made those Acts 1 Individual clergymen may dislike the law, and may even, like some laymen, disobey it : but the contumacy to law of the Bishop of OXFORD is no more a step towards the dissolution of the Church Establishment, than the contumacy to law of the inhabitants of Newgate is a disruption of our Civil Establishment. The same fact also furnishes the kernel of the answer to a discreditable memorial, to which the Bishop's name is not, indeed, appended, but which adopts his arguments, and in whick the memorialists pray her MAJESTY to withhold the Order of Coun cil by which the Act is to take effect on the Ist of January next. The Act of Uniformity sanctions the Book of Common Prayer, and the Book of Common Prayer, so say the memorialists, teaches the absolute indissolubility of the marriage con tract ; therefore the late Act, or the framers of it, must have been oblivious of the Act of Uni formity. Her MAJESTY is therefore prayed gra ciously to give the recusant bishops and clergy a little breathing time until Parliament may re consider the matter ! Of course, Lord PALMERSTON will tell the me ' morialists that the matter has had consideration enough in all conscience ; he will gently remind them [aside, of course] how Mr. GLADSTONE com pelled the 'weary House to consider, or at least to hear, all that could be said or imagined on the subject, till, what with talk and heat, Parliament almost died of consideration ; he will probably add that whatever clerical incumbents may do, he and his gracious SOTEREIGN will be no parties to • frustrating the object of au act of Parliament. But as to their trotting out the Act of Uniformity with the Prayer-book on its back into the discus sion, he will tell them at once that the last Act of Parliament, so far as it touches on matters ad verted to in former acts, is the present law of the land, and, therefore, the late of the Church too, provided the matters be "any way ecclesiastical." The Bishop, indeed,. speaks of Parliament as " a body external to the Church." We beg his par don. Parliament is the representative of the nation, and the nation of England is the Church of England, for every Englishman is, in the eye of the law, a member of the Church of England. When the Bishop begs for new churches, he always estimates the spiritual destitution by the amount of the population, paying no attention to dissenting congregations. He thus shows that even he, when it suits his purpose, regards all Englishmen as Churchmen, to be provided with ' church accommodation. Oa the Church-rate question, too, the argument commonly is, that Dissenters have a legal right to Church services. We almost despair of it, yet we venture to hope these facts may help to clear the Bishop's vision. Dr. WILBERFORCE, indeed, deplor ingly exclaims, " Why, from such a begin ning, they may attempt to tamper with the Prayer-book itself! " Certainly. And why not? If the Prayer-book does not suit the National Church as represented by Parliament in 1857, is it any reason why we should not alter it that it suited our ancestors in 1661, in the Godly times of CHARLES 11. ? We have altered, repealed, or amended, perhaps, most of the Parliamentary doings of that day. Why, on earth, may we not, if we like, altar and amend the Parliamentary Prayer-book of 1661 t We must, however, do the Bishop justice on one point. He wants the Clergy to alter and amend their style of preaching. We thank him for that. He seems to have learned some wis dom from the popularity of the "Monster Orator" of the Music Hall He would have his subordinates write one sermon a week to keep up their " refined taste" ; but in the other sermon they are to speak like ordinary mortals ; like barristers, Members of Parliament, and platform gentlemen—to make themselves, in fact, a little at home with their congregations. We do not know that there is anything in the Act of Uniformity re quiring uniform solemn dulness for twenty minutes in the pulpit. If it did require it the practice could not have been uniform. All we can say is, that at present, sermons and sleeping- , draughts are almost synonymous words, and that we shall thank the Bishop if he can reverse all that. We hear of no sleepers among the ten thousand of the Music Hall ! It was with an unerring finger that Lord BROUGHAM struck, the other day, the key-note of our policy towards the Indian Mutineers. Retri bution, he said, and not ♦engeance, is what is de manded at the hands of our victorious soldiers. Retribution a just, and stern, and vigorous Retribution ! And that, forsooth, appears to be what is actually deprecated as inhuman and blood thirsty by a certain class of maudlin mock-philan thropists I Men who are fain to behold only a Christian lenity in the paralytic weakness of Go vernor-General CANNING !—who commenced the drivelling leniency of Mr. J. P. GRANT to the in surgents of Cawnpore I—who would glue the sword of HAYELOQZ to his scabbard, as hardly, so much a "Scourge of GOD" as a Scourge of the Devil !—miserable palterers with the national re putation, who recognise something un-Christian in that noble Signal of Assault addressed by Ge neral WILSON to the army before Delhi, where, in his Proclamation, that gallant leader warned his men to spare the women and children while giving no quarter to the Mutineers ! Against the atrocious principles implied by these wretched mockeries of Humanity and Religion we protest now, in the hour of battle, while the sword is yet naked in our grasp and the foe is still before us. Meekness to that foe, after what has been perpetrated by them wantonly, were criminal. Pity for them were infamy for ourselves ! As the good and meek Earl of SigArTESBURT has re cently observed, the Sword of the State is com mitted to the charge of a nation for some purpose. It is a symbol of power and of justice—far more than mere armament—to be drawn from the sheath sometimes and wielded in the cause of the people and in the name of the SOVEREIGN. An empire that does not instinctively recognise this inherent right may as well at once abandon all claim to independent existence 'among the States of Christendom. To question this essen tial prerogative of Government is, therefore—it is searcely necessary to add—as foolish in itself as it could not fail to be criminal in its consequences. Wherefore, it were at once a sheer absurdity to hesitate for an instant as to the, validity of the right, and a monstrous dereliction of duty to interpose at such crises between the Government that ought to exercise it, and the violators of the law upon whom it ought to be exercised. Here are criminals requiring to be immediately dealt with, whose atrocity is absolutely unparalleled. Those criminals ought to bo punished, and to be punished rigorously. That is all that is needed — the punishment of the guilty—not the implication of the innocent with them. Again, as Lord BROUGHAM has said—not Vengeance, but Retri bution. The Earl of Aberdeen, we Ara happy to hear, is quite recovered from his recent illness. The noble oarl remains at Haddo House. The Countess of Durham and her infant on are pro gressing favourably. The Earl of Shoffiela arrived in town yesterday from Sheffield Park, Suesex. Viscount and Viscountess Palmerston returned to London, yesterday, from 13roadlands, Hants. THE SUN, LONDON, TUESDAY EVENING' NOVEMBER XlO , iss7 BIRTHDAY Or THE PRINCE Or WALEN.--Yesterday was the anniversary of the birthday of the Prince of Wales. His Royal Highness has now completed his sixteenth year, so that he only lacks two years of the age at which members of the Royal Family of England attain their majority. The event was elmerved at Windsor with the customary honours. Tiscount and Viscountess Barrington and family are passing the season at Beckett House, Berks. The Prince and Princess Edward of Saxe Weimar left Gordon Castle yesterday, en route for the south. Their serene highnesses are expected in town ea! ly next week. His Excellency the Belgian Minister and Madame Van de Weyer and family are passing the season at Holly Grove, near Windsor. His Excellency the American Minister was pre vented from dining at the Guildhall yesterday on ac count of slight indisposition. The Countess d'Apponyi is expected in town on Thursday, from Paris. The Duke and Duchess of Richmond return to-day from Gordon Castle. The Duke and Duchess of Northumberland have abandoned their contemplated tour, and purpose pass ing the winter at Stanwick Park, Yorkshire. They have not been seeing company at Alnwick Castle, as erroneously stated. The Chancellor of the Exchequer arrived in town yesterday, from Harpton Court, Kington. Mr. W. B. Beaumont, M.P., acd Lady Margaret Beaumont are on a continental tour, and will not re turn to England until the latter end of February. Sir John and Lady Kingston James have arrived at the Brunswick Hotel, from the Continent. The Baron Duperre (attache to the Emperor Napoleon) and the Baron de la Roneire have left the same establishment for Paris. Mr. and :Mrs. Augustus Frederick Thistlethwayte have retsrned to Grosvenor-square from Scotland. The Siamese Princes are expected at Windsor Castle on Wednesday next, and will have a State reception at 10 o'clock, after which a magnificent luncheon will be given them in the Waterloo Chamber. THE LATE BRITISH MINISTER AT LIMA.—By the last advices from Peru we hear that one of the accomplices in the murder of Mr. S. Sulivan has been apprehended and placed in safe custody. He is an Equatorian— Diaz de la "Ferola—a celebrated robber and assassin, and has been identified by one of Mr. Sulivan's servants as the person who was in the passage at the time of the murder. The Peruvian Government expresses the etrogest hopes of securing the rest of the murderous gang. _ _ _ DEATH OP SIB ROBERT PRICE, BART.—This baronet, who for nearly 40 years had a seat in the House of CommonQ, died on Thursday night at his residence in Stratton-street, Piccadilly. He was only son of Sir Uvedale, the first baronet, by Lady Caroline Carpenter, fourth daughter of the first Earl of Tyrconnel, and was born in 1786. He married, in 1823, Mary, daughter of the Rev. Dr. Robert Price, and, on the death of his father, in 1829, succeeded to the baronetcy and exten sive family estates in Herefordshire. In 1818 he was returned to the House of Commons for the oouaty of Hereford, which he continued to represent up to 1841. In 1845 be was elected for the city of Hereford, and remained its representative until a few weeks before the late dist.t'ntion. DEATH OF SIR CLEMENT WOLSELET, BART.—This respected baronet is announced to have died a few days back at Brussels. He was born in 1794, and was only son of the late Major J. R. Wolseley. In 1833 he mar ried the eldest daughter of the late Mr. P. Homrigb, M.P. for Drogheda. On the demise of his uncle, the Rev. Sir R. Wolseley, in 1852, he succeeded to the baronetcy. The late baronet was formerly in the 80th Foot, in which regiment he served in India. He was High-Sheriff of the county Carlow in 1852, in which county the family have large estates. He is succeeded in the baronetcy by his son, John Richard, born in 1834. We are requested to contradict the report of the "rumoured resignation of Mr. W. Hackblock, the member for Reigate, which has not been contemplated by him. He has, we are informed, been seriously ill, but is very much better, and confidently expects to take his seat at the ensuing session in better health than during the past one. BANQUET AT FISHUONGERS'-HALL.—Yeeterday even ing, in accordance with established precedent, a banquet took place at Fishmongers'-hall, on the occasion of the civic inauguration of the new Lord Mayor. The com pany, which, including liverymen and visitors, numbered nearly 200, was presided over by the prime warden, Mr. R. Graham, the office of vice-chairmen being filed by Mr. W. B. Towse. Among those present were—➢lr. Sergeant Manning, Major Salis, Mr. J. W. Pycroft, Mr. K. Hooper, Mr. Bust, Mr. Eagle, Mr. Tyrrell, &c. In the disposal of the loyal toasts, special honour was done to the health of the Prince of Wales on account of its being his royal highness's birthday ; and at a subse quent period of the evening the health of Sir R. W. Car den, the new Lord Mayor, was drunk with due eclat, the chairman observing that the past career and the proved magisterial ability of Sir Robert augured well for the manner in which he would acquit himself as the head of the corporation of London. The musical ar rangements were under the tiirsction of Mr. Hobbs, who had the able assistance of Miss Stabbach, Mr. H. Phil• lips, the Distin family, and the Orpheus Glee Union. The dinner was provided by Messrs. Ring and Brymer, of Ocrnbill, and was in all respects worthy of the occa sion. SERIOUS ACCLDENT DURING THR PROCESSION.—An accident of a serious character occurred to an elderly woman named Martha Castle, aged 64 years, a laun dress, residing in Gardiner's-!ane, Westminster, whilst passing one of the streets abutting on the line of the procession near the Strand. It appears that the poor woman was in a spring cart with heidaughter, and going the usual weekly round to collect linen for washing. She was driving, and in crossing towards St. Martin's-lane a cab ran against her and pitched her with considerable force into the street. She was removed to Charing-cross Hospital as soon as possible, where it was ascertained that she had sustained a fracture of the collar bone. There is no blame attached to any person, as from the crowd of vehicles that was•turned out of their route by the procession taking the Strand a collision seemed unavoidable. ROTAL SURREY GARDENS COMPANT.—Yester lay the ballot was taken upon the amendment moved by Mr. F. Chappell at the adjourned meeting, held on theprevious Monday, to the adoption of the directors' report : " That inasmuch as the continuance of the difference between the directors and certain shareholders is damag ing to the property and injuries to the interests of the company, and as four additional directors to the Inte rests of the company, and as four additional directors have been added to the board, making seven in the whole, that the present directors of the company, viz , Messrs. Bain, Coppock, Holmes, Johnson, Land, and Todd, be requested to make such provisional arrange ments with the creditors of the company, and for letting the gardens, as they may deem expedient, and that they be requested to report the result to an extraordinary general meeting, to be called for the Purpose as early as convenienti" and also ,upon Mr. Fleming's motion, " that Messrs. Coppock, Bain, and Holmes be removed from the directorship. The balloting was continued from 3 to 6 o'clock, and after about an hour and a quar ter had been occupied in casting up the numbers, the sorutineers announced that 153 personal votes and 76 proxies had been recorded in favour of the origal mo tiou, and for Mr. Campbell's amendment and Mr. Fleming's motion, 62 personal votes and 2 proxies ; majority in favour of the directors, 91 personal votes and 74 proxies, together 165. The directors' report was consequently carried. THE EXTENSIVE ROBBERY OF GOVERNMENT ARMS AT BIRMINGHAM.—In last Thursday's San some particulars appeared connected with the disappearance of several thousand pounds' worth of Government stores from the Tower, Beget-street, Birmingham. The mystery in connexion with this robbery has at length been partially revealed by the arrest of three persons earned Thomas Wil:iams, who was employed as a lock-.setter and exa miner at the works, and William and George Brereton, gun-finishers. These men were all before the magis • trates yesterday, but the case of Williams only was gone into. It appeared that Mr. Clarke, an extensive gunmaker in London, ascertained that military arms were beingeold in Birmingham for less than the cost price; this he communicated to the Chairman of the London Armoury Company. Acting upon the advice of this gentleman, Mr. Clarke proceeded to Birmingham, and, with the assistance of the metropolitan and local police, Williams was discovered. Mr. Clarke had an interview with Williams, who offered to sell him guns, naming the price, which was about one-half the ordinary rate ; a long correspondence in writing took place, resulting in Mr. Clarke's purchasing 20 guns which he paid for ; the prisoner sent them to London, but they were delivered instead to Mr. Goodman ; on being examined it was found they bore the Tower mark, and it was shown that they were not condemned guns. The prisoner was com mitted to the assizes, and bail was refused; the other two prisoners were remanded till Saturday. I Two SIGHTS AT ROSlE.—Thanks to the Empress of Russia, we saw the two grandest sights of Rome to the greatest advantage. On Monday St. Peter's was ilia ' urinated from the pavement to the cross. The n'ght was dark and mild, and the lamps suspended 430 feet iu the air, were sot once put out by the wind. As the bell struck nine the torches were suddenly lighted all round the roof, and it seemed as if the great pile was on fire, whilst the bells ringing a peal seemed like alarm bells rung at a fire. It was difficult to get the impres sion out of the mind that St. Peter's was on fire, and we awoke next morning almost inclined to ask, had the whole pile been burnt down in the night. We did not see theColoseum by moonlight, so we are saved a de scription of what is the common stock of all travellers to Rome ; we saw it instead by torch-light. At nine o'clock on Saturday evening at the discharge of a rocket, the whole circumference of the Co . o earn broke out in a blaze of light. Bengal light, set behind every arch, sent out a glare of light which, for a few minutes, was as bright as day. Then thick columns of smoke rolled up, covering the great amphitheatre as if with a curtain-- like the awning which once stretched across it in the days of its glory. Then, as the lights turned red, it seemed as if some great deflagration had happened in the city, and the crowds that elbowed their way out as the Empress drove ofi, seemedto be flying for their lives, with thecry of fire in their ear.'. The outside was then illuminated in the same way as the inside. Each story of arches could be distinctly counted—the plants that grew in the crevices of the walls, and even the marble slab inserted here and there in the brick surface, with the name of the Pon.iff who bad restored the Coliseum, could be distinctly read. It was a glorious sight. Artificial 1 ghts set o ff the best w or k s o f man , a s God's two great 1 ghts alone can the works of God. A mountain by torchlight is ridiculous—the torches are seen, not the mountain; bat the Coloseum by torchlight was effective —the budding was not too vast for the illuminating power,—.Dublin University Magazine. LATEST NEWS. We learn from Brussels, under date of yester day, that M. Charles Rogier had finally accepted the task of forming a Ministry. A telegram from Brussels gives the following list : M. Ch. Rogier Foreign Affairs. M. Frere-Orban Finances. M. Teach lnterior. M. Vandenpeereboom Public Works. General Berten War. The Ministry of Justice was offered to M. Orts, who is reported to have declined it. FRANCE. PARIS, MONDAY EVENING. The Patrie was seized this afternoon for an article on the financial crisis. It had, in order to appear with its columns filled, to introduce another article in its place. It is reported that a telegraphic message was re ceived this morning in official quarters announcing that some of the foreign Representatives had offered their services to Redschid Pasha to put an end to the misunderstanding between him and M. Thouvenel, and that Redschid had accepted them. The Emperor of the French continues much dis satisfied with the state of affairs at Constantinople, and perhaps may soon begin to talk of the " sick man." Redschid's fall from power was in conse quence of his intervention in the Moldavian elec tions, and the Emperor feels it as an indignity that, as soon as these terminated contrary to the wish of that Minister, he should again be restored to office. This he appears to consider as a protest against what has taken place in the Principalities. In the opinion of the Siecle a duty on the export of precious metals is necessary, though not sufficient to conjure the financial crisis ; that journal pro nounces itself in favour of measures still more ener getic, and thus expresses itself : " The establishment of a duty oz exports of specie is not in our idea the coyly necessary measure. Wa persist in demanding a special measure of a character to' stay speculation ; we insist on the necessity of having bank notes for small sums, and of even decreei ng th e f orce d circulation of notes. The crisis demands vigorous action. The path hitherto followed by the Bank of France has not been wise, since it has led to no improvement in the situation. Another policy must be chosen without further loss of time. A great number of manufacturers have in consequence of the diffi culty experienced in obtaining funds ceased to purchase raw material, or have diminished their production. Many bankers have decided on allowing the storm to pass by, and on rejecting all commercial bills offered them. This state of matters must not be allowed to grow worse. The speculators in specie, warned of the duty which may be imposed on their exports, will not fail to engage in the most extensive operations before the issue of the decree which commerce now awaits. Time ought not to be given them to exhaust the reserves of bullion." The Journal, de l' Aisne gives the following details of the visit of the Emperor and Empress to Coucy : "Their Majesties left Compiegne at midday, and pro ceeded by railway to Chauny, where seven open carriages and a van for the domestics and provisions were waiting. The whole party proceeded at once to Coucy, where they arrived at about two. The sub-prefect and other local authorities, together with the municipal coun cil, were waiting in the yard of the chateau to receive the visitors, and the sub-prefect made a brief ad dress to their Majesties. The Emperor replied, 'lt is long since I have desired to become acquainted with your towr,,' The Emperor and Empress then proceeded to vi-it the ruins of the chateau, which are amongst the most remarkable in France. Their Majesties examined. the doujon, the Salle des Preuses, and the principal towers, with marked interest ; and the Emperor fre quently expressed his admiration at the solemn grandeur of the ruins, and especially of the donj , ,n. After making inquiries respecting the repairs in progress, tke Emperor expressed a desire to visit the subterranean constructions, which on account of the danger they present have long been closed to visitors. All the workmen, more than 40 in nu mber,employed in the ruins thereupon, took torches, and the Emperor examined the construction in detail. On returning his Majesty presented the workmen with 2001 r., they manifesting their gratitude by cries of Vire l'Ern pereur !' The Emperor and Empress on leaving the ruins went to the Hotel de Ville ' and there his Maj e sty gave I,ooofr. to the poor. Th e Minister of State, who formed one of the visiting party, promised that the Laon gate, which is one of the curiosities of the town, and which his Majesty was prevented by the unfavourable state of the weather from going to see, should be re paired. As the carriage of their Majesties was descend ing ;the bill, the Empress noticed that a workman kept close to her side of it, and she kindly questioned the man as to who he was, whether he was married and had children, and what he was doing, and her Majesty ended by presenting him with a piece of 20fr." Iu honour of the Imperial visit, most of the houses in the town were decked with flags, and salvos of artillery were fired from some pieces of cannon found a few years back in the ruins. The population of the town displayed great enthusiasm both on the arrival and departure of their Ma jesties. __ The following telegraphic despatch - has „been re ceived : " BERLIN, Bth.--The commission of the Diet, which was elected the day before ye'terday, is composed of the representatives of Austria, Prussia, Hanover, Bavaria, Saxony, Wurtemberg, and Electoral Heim. On the question of the Principalities, Prussia supports the idea of an administrative union under a hospodar for life, with a senate to vote the taxes." Boußsu, Nov. 9.—The market has been flat, speculators expecting some measure by the Govern ment to prevent the export of bullion, as it seems decided that the Bank of France will not exceed the rate of 7i por cent. for their discount. Half-past Three—A telegraphic despatch, an nouncing that the board of directors of tho Bank of England have this morning rased the rata of discount to 10 per cent., produced a downward movement towards the close. The following were the last quotations : Cash. fr. End of Month. 4i per Cents - —l. 3 per Cents 6i 55 66 75 Bank Shares 2970 Credit Foncier 515 Credit Mobilier 770 Roman — Do. Account 766 25 Austrian Bel7iao 41 (id)...... 961 Spanish Threes 4oi Fiedmontese (5) 9O Home Debt RAILWAYS—FOIL CABII. tr. C. i r C. Orleans Northorn - Western New Ditto A — Lyons and Mod BO5 Grand Central 1 — Now Ditto... ....... 800 Sardinian Geneva GREECE. A letter from Athens of the 29th states that the Queen of Greece, on reaching the Piraeus, was re ceived at the lauding-place by the ministers and the authorities, and welcomed by the crowd with loud acclamations. Her Majesty was conducted by the King to an elegantly decorated tent, where the clergy offered up prayers of thanksgi v i ng f or her safe arrival. Their Majesties then entered an open carriage drawn by six horses, and proceeded to Athens, under the escort of a detachment of cavalry. At the entrance of the capital a triumphal arch, ornamented with garlends of flowers and flags, had been erected, and near which the diffe rent corporate bodies, with their banners dis played, were drawn up, and all the streets lead ing to the palace were illuminated, many of the windows being ornamented with transparencies. One of them represented the meeting of the Emperors at Stutgardt, and her Majesty is repre sented pointing to the map of Greece, as if calling for the kind solicitude of those sovereigns towards that country. On the following evening her Majesty wont to the theatre, which was illumi nated a giorno. RUSSI4. A letter from St. Petersburg says :—" In come tqhuee c u e l ionfgthe prince,dis dissolution ut the Russian t t i o nof t u e Servian consl Senate . by t Belgrad e , i n concert w it h t h e consuls of England a land and France, thought right to menace the Servian government with the rupture of diplomatic relations. But before carrying tue menace into execution, he demanded instructions from his Government. According to the report of the consul-general, it is probable that the Prince dissolved the Senate in order to free himself from the con stitution. The consul-general has received instructions to endeavour to obtain the reconstitu tion of the Senate, and in the event of his failing so to do to carry out his menace. As the Russian government does not wish to see further complica tions introduced into the Danubian questions, it recommends him to employ all the efforts in his p power ortt t h o e g c e o t u t s he Senate ui_gener re aid - general I t i hat . the n his re reportspropagated, especially by the Austrian press, to the effect that the Servian plot is connected with one for effecting a complete revolution in the prin cipalities, are devoid of foundation." THE BALTIC. A. letter from Hamburg, of the '7th inst., in the radependance Beige, states that, on that and the preceding day, there was a regular panic on the Stock Exchange. There was a fall in every descrip tion of stock, as also on all bills of exchange. Bills on France, Belgium, and on the commercial marts of Germany and England were unsaleable at the usual three months' da'e. There is great wan t o f specie. The financial crisis was also beginning to ba felt in Sweden and Norway, and money and be coming scarce. The amount of German bills drawn for mer chandise of every description, and protested, amounted on the 21st October to nearly 1,00 , 40001. sterling. Since then the Vanderbilt has brought protested bills, between the 21st and 24th October, to the amount of 200,000/. to 240,000/. more. SPAIN. The Madrid journals of the sth have arrived. M. Salazar. Minister of Marine in Espartero's cabinet, had addressed a letter to the Iberia, expressing the opinion that in the event of new elections being or dered, the progressist party ought to abstain from taking part in them. The government had caused some political personages imprisoned by direction of the late cabinet in the provinces of Valencia and Teruel to be sot at liberty, and had again ordered that all other political prisoners should either be brought to trial or be released without delay. M. Mon is stated to be completely absorbed in pre paring the estimates, and in making arrangements for endeavouring to relieve the country frem its financial embarrassments. Dona Josepha, the King's sister, had returned to Madrid from a visit to England and France; the Infante Don Francisco and the Infanta Dona Isabel had also returned to the capital. Lord Howden, the English ambassa dor, was not expected back to Madrid before the end of Nov. The Pope has sent to the Queen a mosaic representing the history of the Prodigal Son, in return for a painting of the Prodigal by Murillo, presented him by her Majesty. It is remarked as a curious circumstance that several days had passed without the seizure of any newspaper. A commission, which was constituted some time ago for making reforms in the administrative laws, hnd terminated its labours. A telegraphic line had been established between Granada and Malaga. The province of Malaga is stated to be at last free from bandits, and the arrest of a famous bandit named Diaz is announced. A great number of Russian families of rank have already domiciled themselves in Rome, and houses are taken for several distinguished English families, who propose making the Eternal City their head qnarters this winter. Amongst the recent arrivals are 'General Rawdon, Lady Cremorne, Lady Jervis, Colonel and Mrs. Caldwell, Colonel an d Mrs.Neabitt, Mrs. Dennistoun, of Dennistoun; Mr. Graham, of Gartmore ; and Mr. Douglas Sandford. The Right Hon. R. Lowe has left Rome for Flo rence, on his way to England. The Etoile du Danube of Brussels publishes the report presented by a committee to tho Divan of Wallachia in the sitting of the 21st ult., which recommends the union of Moldavia and Wallachia, the election of a foreign prince to reign over them, and the establishment of a representative system of government. It is known that the Divan passed resolutions in accordance with these recommenda tions, which scarcely differ from those previously mentioned in the report presented by the com mittee of the Divan of Moldavia. -- A Berlin letter says: " In consequence of the return of Reschid Pacha to power, M. de Gundlach, the Prussian Charge d'Affaires at Constantinople applied to his government for instructions as to the conduct he was to observe towards the Grand Vizir. An order was sent to him not to change in any way his ordinary relations with the Turkish minister." Accounts from Dresden, in the Augsburg Gazette, state that the finances of Saxony were never more brilliant than at present. The treasury is so well provided that a reduction of taxation is considered probable. The statest of Holstein (says the Nuremberg Cor respondent) havo just forwarded to the various federal governments of Germany a list of their com plaints against Denmark, accompanied by an ex planatory statement. The statement in question is shortly to bo presented to the Diet. The Lausanne Gazette gives the following expla nation of the fact which led to the remonstrances lately addressed by the French Government to the Federal Council of Switzerland, as mentioned by telegraphic despatch : "On the 7th October two batteries of artillery, one belonging to Bale (town) and the other to Bale (country), met on the plateau of Mariastein, where they had some ball practice against a pile of hig h rocks. The French frontier is at least 600 paces from the points against which the balls were di rected, and higher by from 150 to 200 feet, so that no one could reasonably suppose that there was any danger of the balls reaching the French ground. It, nevertheless, appears that they did so from ricochets in a manner almost incredible. The balls, however, caused neither accident nor damage." MEI?CANTILE FAILURES. The suspension ha 3 been announced of Messrs. Bennoch, Twentyman, and Rip, of London and Manchester, a respectable houselargely engaged in the silk trade as agents, Their liabilities range from 200,0001. to 300,0001., and their fall, it is said, will probably involve that of four or five firms with whom they are connected in the manufactur ing districts. The causes of the difficulty are stated in the annexed circular : " 59, Friday-street, London, Nov. 9. " We are requested by our clients, Messrs. Benno* Twentyman, and Rigg, of Wood-street, in this city, and of Manchester, to inform you that, in consequence of the heavy advances they have made upon goods specially prepared for the American aed other markets, for which there is no;•preaent demand, of losses sustained by recent faibires in the manufacturing districts, and of the sudden depreciation in the value of silk of which Messrs. Ben noch, Twentyman, and Rigg are large holders, they are compelled to announce their inability to meet their en gagements. Messrs. Farrington, Ladbury, and Co., of King street, accountants, have been instructed by the princi pal creditors to examine Messrs. Bennoch and Co.'s books, and prepare a statement of their affairs, which they will submit as early as possible to a general meeting of the creditors, of which due notice will be given to you.—We are, &e. "REED, LANGFORD, & MARSDEN." Another house to be added to the list is that of Messrs. Broadway and Barclay, East India and general merchants. The liabilities in this case are supposed to reach 180,0001. or 200,0001. The causes of the stoppage are not stated, but it may be supposed to be connected with the decline in all articles of produce. SUSPENSION OF THE IVEST.ERA BANK OF SCOTLAND. GLASGOW, Nov. 9. The Western Bank of Scotland suspended payment at two o'clock, at which hour the doors at the head office and branches were closed. Although to some extent looked for the suspension has caused great dismay. The bank did an immense business in Glasgow, and. had about a hundred branches scattered over Scotland. Its deposits are very large, amounting, it is said, to between five and six millions sterling. There cannot be any eventual lose, as the proprietary contains many of the wealthiest men in Scotland, some of whom are believed to be worth about a million sterling. The directors have put forth a statement to the effect that circulars will be immediately issued to the creditors communicating details and suggesting measures to be pursued, which, with forbearance and calm self-posses sion on the part of the public, may avert many of the calamitous effects which would otherwise result from such a catastrophe. There is scarcely another bank in Scotland (they add) which, if time is allowed by the creditors, is so we►l able to draw upon the resources of its wealthy proprietary. The holders of the notes of the bank are enjoined not to part with them at a dis count, as full ultimate payment is certain. THE Essiex MIIRDEL—We regret to say that up to a late hour yesterday no clue had been obtained to the parties who so barbarously murdered ,Mr. Isaac Buteher, farmer, of Coins Eagaine, on Saturdayse'nnight. There is now very little doubt that one of the suspected parties slept on the Saturday night at a public-house in Kelve don, the nearest railway town to the scene of the murder, and left by an early train for London on the following morning. The gentry and farmers resident in the neigh bourhood of Halstead and the Colnes have offered a reward of 2001, for the apprehension of the murderers, to which the Government has added 1001., with the offer of a free pardon to any accomplice not the actual mur derer. The remains of the deceased were interred on Fri• day in the presence of a large concoarse Of spectators, and the greatest excitement still prevails in the neigh bourhood. A House BLOWN UP WITII G terribleUf r °WDEelx4.pros°iorinSatur day evening, about 7 o'clock, a in its consequences, occurred at the shop and house of Mr. James Moore, chywist and d rugg i st, Ince, near 1 . igan. It appears that Mr. Moore was serving in the shop, when two Ms came in to purchase. tobacco, and having filled their pipes, asked for a light. He lit a piece of paper at the gas and handed it to them, and it is supposed that a spark from the paper must have fallen into some colliers' blasting powder that was lying loose in the shop, which at once exploded with a terrific re port, knocking out the front wall of the shop and the house adjoieing i , and considerably damaging the adjacent premises. One little girl, named Mary Jane Taylor, about ten 3 ears of age, happened to be standing at t shop window at the time, and she was killed on the spot, her body being dreadfully mangled. Another little girl, also named Taylor, had both her legs broken, and is so much injured that her life is despaired of. Mr. Moore Is himself very badly hurt, and Mrs. Moore, who was buried in the ruins, was promptly got out, and found to be severely injured, but not so much as to lead to any fear of its terminating fatally with her. About five minutes before the accident, a group of about 20 children were standing outside the shop, and had the explosion happened then the consequences might have been still more terrible.—Nanchoter Guardian. REACTION OF THE AMERICAN PANIC. (From tke New Fork Times.) I The Europa at Halifax from Liverpool, Saturday, Oct. 10, brings the first decided evidence of the financial effect in Europe of the money troubles on this side. The action of the Bank of England, with out waiting for anything worse than was then re ceived from New York —the latest being by the Baltic to the 26th Sept., the day of the Philadel phia suspension —was to immediately put up the rate of interest to 6 per cent., and this upon an ad dition to the bullion reserve in the establishment of 613,0001. It is possible our Halifax despatch may have used the word increased instead of decreased in reporting this item, but it is evident that the Ame rican panic was mainly the cause of the advance in th© terms of discount. The political and financial complication in British India also had its influence with the Court of Directors, but not to the same extent, since the India troubles had rather di minished the export demand for silver, while the American difficulty was about to reverse the ordi nary course of gold. When the Baltic left New York on the 26th of September, it was known that the Philadelphia banks had stopped payment. A confident tone as to the policy of our own banks was held in the papers and private letters which went by this steamer, and exchange on England was quoted 105 i to 107, irre gular, and already discouraging to drawers against produce shipments. These low terms justifying shipments this way, and the expectation that the New York and Southern Banks would require aid in the shape of bullion to move the grain and cotton crops with ease, while the Pennsylvania and other banks were in suspense, had prepared the English money market for early and direct specie drafts from an unexpected quarter to a very considerable amount. The action of the Bank of England ma nagement, therefore, ought not to cause surprise. But the worst of the panic here was yet to be heard from. The New York packet succeeding the Baltic was the Persia, of Wednesday, Sept. 30. She arrived at Liverpool the morning the Europa left. Her news, which was of a startling character in regard to the further complications of our ex changes, was not yet generally known in London, while in Liverpool, for the first time in very many weeks, the cotton trade was brought to a pause, and a decline in all qualities was being submitted to hA anticipation of accounts from this side still less fa vourable. The rates of exchange on London re ported out by the Persia were from par to 103 per cent., with increased difficulty in negotiating ordi-. nary commercial bills on any terms. The circulars and letters were of a sombre cast, though still ex pressing no doubt of the ability of the New York banks to sustain themselves. It was not until the Arabia sailed hence ou yesterday week that the protest of the New York and Erie and Michigan Central Roads, the assignment of the Illinois Cen tral,. and .the suspension of all tqe New York banks were communicated. The last event afforded a temporary let up in the European exchange and the postscripts to the advices which went out may for a few days induce the ex pectation in London that no further aid in the way of bullion will be demanded. But this hope will soon be dissipated by the subsequent packets, by which a numb er o f a dditi ona l mercantile failures and extensions directly affecting the import trade and its remittances abroad were communicated, to gether with a reaction in exchange to almost the lowest point of previous depression. We must therefore prepare for corresponding bad news from England and France by the return op-. portunities. The leading London journals at the last dates were still under the impression that the panic here, being the effect in a large degree of mere fright, would pass over without serious damage. This feeling will not be entirely removed until the accounts of the disaster are brought directly home to the American houses in England, and to the Lancashire and Yorkshire manufacturers, who have sent or sold goods to the United States. These parties will feel the pressure first through the failure or delay of their customers and agents on this side in covering the credits opened for them in London. And the continued low ruling of exchange here will be the first index to the Bank of England and the private and joint-stock establishments in London that American collections are to result dis astrously, and further sales of goods to this country almost embargoed until the storm passes over. A similar concern on the subject will be create d ou the Continent, where a large portion of the losses and suspended debt now making in New York and Philadelphia will fall heavily. ) W ill the American houses in England be able to weather the storm ? The number that some -strictly under this designation is not large, nor do we be lieve they are very much exposed. It is possible that one or two of them may be seriously embar rassed, and find the American profits of half a dozen years engulphed by the losses or suspended debt advised in the same number of weeks. But th© opinion does not generally obtain here that any important concern accepting for the United States will be carried down. The doubt, however, on the subject is just sufficient to make the inter vening two or three weeks a period of painful sus pense to their friend and correspondents. Most of our New York banking firms connected with the English trade do their business with old English houses, known and recognised as such at i home, though, from their long a n d in ti ma t e identification with the trade of the United States, better known here as Anglo-American firms. Of such are the Barings ' Brown, Shipley a n d C o ., D enn i s t oun , an d others. All these may feel the crisis severely, but none of them, we believe, disastrously to their own high standing and credit among the first merchant. of England. The further financial effect on the other side is expected by many to be ruinous to the credit of American stocks, particularly the railways in which English buyers have taken an interest. This sort of fear is always exaggerated in panic seasons among ourselves, whether originating in war troubles in Europe, or diplomatic or money troubles at home. We regard it as pretty certain that the least of the 1 concern to the English people and money-marke* from the present state of things here will be mani fested on this score. They will have been sufficiently prepared for the worst ruling of stock value on this side, and the only additional event likely to startle the holders of American securities of which they have yet to hear is the assignment of the IllineiS Central Company. And this will soon be accounted for by the extraordinary embargo upon all exchange negotiations, which drove the company to protest while holding credits to the amount of 200,0001. on London, for which they could find no sale on any living terms. The effect which will touch the English and con tinental people more readily will be their mercan tile losses, prospective as well as immediate. The embarrassment to their trade with this country, which is to reverse its ordinary course and to bear heavily upon the London and Paris money-markets —producing at the same time serious mischief to the English and French manufacturers—is, that the raw material of cotton, which must be bad from the United States, and foreign bread, which may be required from the same quarter, can no longer be wholly paid for in goods. The want of cotton, on the extremely low supply now in, Europe,'is absolute, and must be met, if need be, by a drain of gold. The counter-action, from the temporary suspension of a single market in their export trade, on the Manchester interest will not be such as to diminish materially the necessity for liberal stocks of the raw staple, unless the leading London journal greatly misrepresents the manifold resources of the " broad trade of the British empire" in its manu factured products. But there will probably be a recompensing advantage to the trade, even In this, on the score of price, which must rule relatively cheap, if to be met by the embarrassing'and reluc tant process of remitting gold, on a dear money market, from the other side. MARKET NEWS. --(This Day.) HAY MARKETS. SMITEMELD.—Meadow hay, 2/ IN to 4/ Os; clover, 31 10s to 5/ Os; and straw, 1! 6s to 1/ 10s per load. A fair demand. CIIIIBERLAND. —Meadow hay, 2/ 101 to 41 03 ; clover, 3110 s to 51 Os ; and straw, 1/ 6s to 11 108 per load. Trade dull. WHITECHAPEL.—Meadow hay, 21 129 to 4/ N ; clover, 3/ 109 to 5/ Os ; and straw, 1/ Ss to 11 109 per bad. Trade heavy. COLONIAL. TEA.—The market is inactive, and prices are quite nominal. Common congou, 12id to 131 d per lb. SUGAR.—There is very little business doing, and the common qualities are difficult of sale, even at reduced rates. The refined market is very dull, and prices gene rally are lower. Common to fair lumps, 54s to 565; fine pieces, 5Us to 51s per cwt. COFFER.—No business of any importance has been re ported, the high rate of money effectually preventing any speculative transactions. Prices are quite nominal. RICE.—The market is inactive, and quotations are with out the slightest change. Rum.—No business has been reported, and but little inquiry has been experienced. FRUIT.— The demand for the home trade has rather in-' creased, and currants realise firmer rates. Raisins are steady. SALTPETRE.—Very little business doing, and no altera tion to report in values. COCHINEAL—A limited business has been done, and the quotations were supported. TALLOW.—The market has been flat. P.Y.C. on the' spot, 52s Gd; and spring delivery, 52s 6d, to 53s per curt. PR OVI B IONS.—Bacon remains steady at former quota tiont,, but Irish buttor have declined 2s per cwt, the in crease value of mon e y li m iti ng purc h ases t o i m mediate . wants. The su ppli es o f foreign. are limited, and pric es. have a downward tendency.