The Sun. — London, England, 1857-12-21 00:00:00

RONEY IVIAAKET ei~D COMMERCIAL INTELLIGENCE. CITY, Two O'CLOCK. Letters from Liverpool report that the Cotton Market on Saturday closed firmly, and prices were a shade higher. The sales amounted to 10,000 bales. The Railway Share Market manfesied a steady appearance, and there was an advance in quotations in all the leading stocks. The advices from the manufacturing districts to day mention that very little improvement can be noted in the general state of business. At Leeds scarcely any transactions have been entered into either in wools or piece goods, and prices generally a downward tendency. At Bradford business had .almost ceased, the chief occupation of mercantile men being to discuss the late disasters which have taken place in the woollen and worsted trades. The local wool brokers are doinglittle or nothing and it is extremely difficult to give any reliable quotations. A very limited trade reported in all descriptions of cloths at Manchester. A few forced sales had been made by needy holders, and in some instances materially reduced rates were current. India long cloths and yarns are quite neglected ; and the German shipping houses are almost entirely out of the market. At Halifax the worsted trade was very depressed, and wools and yarns sell in but small quantities, at reduced rates ; 'and at Leicester the hosiery trade is very flat, there being little or nothing doing i n any branch of business. Continued inactivity is still the characteristic feature in all branches of our trade, and merchants, brokers, manufacturers, &c., are patiently awaiting the improvement which sooner or later must be experienced. That the Bank rate of 10 per cant. cannot be much longer maintained is proved by the increased supply of capital in the lands of the discount firms, who, upon good security, are very willing to make advances at 9 per cent., and the difference between the respective charges is sufficient to deprive the Threadneedle-street authorities of the greater part of their business. A reduction of lor 2 per cent. is, therefore, held to be certain during the present week, and by next Thursday the position of their reserve, through the heavy receipts of gold, and the liquidation of securities, will enable them to effect a change. At a meeting of the creditors of Messrs. Rehder and Boldemann a statement of accounts was sub mitted. The assets, it is expected, will realise about 12s. 6d. in the ponnd. At a meeting of Messrs. Krell and Cohn's credi tors to-day, the liabilities were stated at 23, 500/. , and the assets at 17,0001. A composition of 10s. in thp pound was taken into consideration. On Saturday a further sum of about 150,0001. was added to the Bank of England's stock of bullion, and the movement will, no doubt, con tinue. A portion of the 430,0001. just received from America will most likely be received at the National Establishment. _ _ . Besides the rapid improvement which is being caused by these deposits of gold, the partial cessa tion of the demand for money at that establish ment, owing to the more favcurable terms upon which accommodation can be obtained in Lombard street, is causing an accumulation of notes. En the latter direction bills of good quality are nego tiated at 1 and 11 per cent. below the minimum, an advantage which the mercantile community have availed themselves to a large extent, but the demand for money is not active owing to the dull ness of trade. A further improvement has takpn place in the market for English securities, and there is an active speculation for a rise based upon the prospect of cheaper money, through the diminished demand and the extensive supplies of specie. Since the last Bank return was published a much more con fident feeling has been engendered, and hence the general advance in all descriptions of securities. At thepresent moment the Funds are very buoyant, slid the advance is about II peP cent. Consols opened at 92f 1, and they have risen to 931. The latest qu o t at i on, h owever , i s 92i I. The New 3 per Cents. are marked 93k ; and the Reduced 921 /. Bank Stock has risen to 218 and 2181. Exchequer Bills are 4s. discount. An extensive business has been done in the Foreign Market, and nearly all the quotations have advanced. Turkish 6 per Cents. have risen to 95a and the 4 per Cents. guaranteed to 101 k ; Russian 48 per Cents., 251 to 26i ; Russian 41 per Cents., 96i ; and Sardinian 5 per Cents., 845. Mexican stock is 20 ; Grenada New Active are 20, and Venezuela, 45 per Cents., 30/. The following are the nominal prices of Foreign Stocks :—Grenada Deferred Bonds, 56 ; Mexi can, 191 20 ; Peruvian 45 per Cents., 75 76 ; ditto 3 per Cents., —; Portuguese 3 per Cents., 435 44i ; Russian 5 per Cents, 105 107 ; do. 44 per Cents., 96 98 ; Spanish 3 per Cents., 41i ; ditto New Deferred, 26 268. The Railway Share Market this morning is very buoyant, most of the leading lines being at a considerable improvement on previous rates. East Anglian, South Easterns, and North Westerns, have advanced 15s. Caledonian, Great Western, Midland, North Eastern Berwick, Oxford, Worcester and Wolverhampton, and Scottish Central, 11., and Lancashire and Yorkshire, 11. to 11. ss. The foreign lines are firm. Paris and Lyons have improved 10s., Southern of France 10s. and Great Luxembourg and Lombardo-Venetian, ss. In the Colonial under takings business has been active, especially in the Canadian lines. Grand Trunk of Canada has risen about 3/. ; Great Western of Canada, 11. ; and East Indian, 11. to 1/. 10s. _ _ Mines, Banks, and Miscellaneous Shares are a shade firmer. English, Scottish, and Australian Chartered, Ottoman Bank, Australian Agricultural and National Discount Company, were at a slight improvement on former quotations. BRITISH FUNDS THIS DAY AT ONE O'CLOCK. (From the Offictal List;) Engine IS done. Sink Stock 3 per Cent. Reduced Annuities 92i I Now 3 per Cent. Annuities 92§ Loug Annuities, expire sth Jan. 1860 — Ditto 30 Years, expire sth April, 1885 l7l iodic Bonds, £lOOO _ r%itto, under £lOOO 2O d OAsols for Account Ez‘hequer 131116, 24d 81000. 4 d ----- £500.,... 4 d Snell Exchecuer Bonds, 1858, 3i per Cent 99i 9 - Ditto, 1859 •• 60 9B PRICES OF FOREIGN FUNDS AT ONE O'CLOCK. Riazinan 5 per Cent. Obilian Bonds, 6 per Cent lOl Grenada New Active, 24 per Cent. 2O Ditto Deferred si Mexican 3 per Cent — Ditto Account 2O Russian Bonds, 1822, £ St., 5 per Cent — • Ditto, 4i per Cent. 96i El trdinian Bonds, 5 per Cent. Spanish Bonds. 3 per Cent. Ditto New Deferred, 3 per Cent. Ditto Account 26 4 Tarkieh Bonds, 6 per cent Ditto Account 9 54 3 i i Ditto Guaranteed, 4 per Cent. Ditto Account 'Venezuela Bonds, 44 per Cent Ditto Account Dividends on the above payable in London. French Routes, 4i per Cent. — Ditto 3 per Cent. TWO O'CLOCK. • Consols for7account SKETCH OF THE RESIDENCY AND PALACE AT LUCK NOW.—We may expect to hear good news from Lucknow in a day or t wo . M ean time, Mr. Wyld has produced a fine sketch o f th e place, and a map of the insurrec tionary districts, which will be found highly usefu l at the p resen t i nterest i ng per i o d . It i s just the t hin g Wanted, and is admirably executed. At Lisbon the disappearance of the late terrible malady has permitted the re-opening of the Opera. Mdme. Charton and Mdrne Tedesco are the reigning favourites. Malvezzi, Neri-Baraldi, and Beneventano are the principal male vocalists. THE AUSTRIAN LEGATION.—A telegram was received yesterday at Chandos House, announcing the demise of the Countess Benkendorff, mother of the Countess d'Ap penyi, which took place at Dresden on Friday last. His Excellency Feronk Khan, the Persian Envoy Extraordinary, accompanied by a numerous suite, and attended by Captain Lynch, will arrive this eveniag at Claridge's Hotel, where apartments have been secured for his Excellency during his stay in London. T E SUN, SHA.RE MARAtffS—(This Day.) RAILWAYS. Closing ?rises Saturday. RAILWAYS. I Nottng. Bost. Eastn. June.— Belfast & Ballymena irmng. Wolverh. Stour Valley : irkenhd. Lancsh. Cheshire Jnnct Blackburn •• Blyth Sc Tyne original £25 (iss. at £45).... Bristol SE Exeter...... Caledonian. Chester SE Holyhead Cork and Bandon.... Cork, Black. & Pass Cornwall De. I Do. B Dublin &Belfast Juno Dun. P. &Aber. June East Anglian Eastern Counties EasternUnion,A. stk. Do., do. iDo. New A East Kent ...... East Lancashire East Suffolk • Do. lEdinburgh & Glasgow Edinb. and Peebles.,. Eclinb. Pr th. &Dundee [Forth and ClydeJunc. IFurness Glasgow & S.Western !Great N. of Scotland (Great Northern Do., A. Stock Do., B. Stock Gt. Sth. &West. (Ire). Greal.Westm a. Do. Str.V.R. gua. St Irish South-Eastern. !Lancaster & Carlisle. Do., Thirds . ..... Do. New Thirds Lancash. &Yorksh' - t: Do., do. F 6 Do., Wet. Riding Um Do. Southport. London do Blackwall Lond. Bright . & S. Cst. London &N;Westerx , Do. Fifths Do. Eighths London & S. Weatern Lndndrry.&Coleraine Lndndrry. & Ennisk. Manch.Shet&Lincln. Metropolitan Do. J. L. Ricardo'e arrangement Midland . Do. Birming. & Derby Midland G. West. (Ir. ) Do. Shares Newcastle & Carlisle Newpt.Aberg.drllrfd Newry & Newry, Warrenpoint & Rostrevor Norfolk_.... Northn. Counties Un North British ...... North Devon, Rail. dz Dock Stock ...... Do., A Stock Do., B Stock N. Eastern Berwick Do. do. Extension Do do. G.N.E.Purch. Do. Leeds Do. York North Loudon N. &S. Wstu., Hamp stead, and City Jn North Staffordshire North Western.. N. & S. Westrn. Juno. Oxford Worcester & Wolverhampton 6 Portsmouth 0 Rhymney 1100 Scottish Central ...., 1100 Scot. N.E.Abrdn. St 100 Shropshire Union .... 6 ISitingbourne &Sheer. 'South Devon ..... ..... )0 ISouth Eastern 11 Do. 4i per . Shares )0 South Wales dl IS. Yorksh. RivsrDun .0 Do.. .... al Staines,Wok.,&Wok dl Stockton St L 5 Do. do., 1854 5 Do. do., 1855 L 65 Stockton Li Hartlepl )0 Taff Vale... Do. Pref., No. 1 Thames Hay. D. &R. ll 'Vale of Neath .11 iWaterfd. dr Kilkenny 11 Waterford&Limerick 11 West Cor nwa11........ 11 West End of London and Crystal Palace.. 5I all Do. A 11 Do. B Al West London .11 Do. First Class ll Do. Second Class Wmbledon &Croydon Business don• this day. 5i 5 82 la 21 2 i 34 5 181 171 18A 59 8} 29 81 9.1 891 97j 8 7 98 53k i 4 313 4a 94} 31 4i 96i 7 61 7 4/ 94 51 40i 39i 89 si 94 9 20 10 I a 20 a' 10 ,BRITISH Pi A , Atian. and St. Law. 9 Bombay, Baroda, and Cen.ind, guar. 5 p. c. 18 al 20!„ 1! 100 101 100 101 hi' IDo. 8 Buffalo & Lake Mir. 10 Buff., Brut. & God ch. O 6 p.c.bds., 1 Aug.,'72 Do. do., 1 July, '73 100 100 Do. do.. 1 June, '74 20 2s. Calcutta and S. East 20 2s&' Central Oude (Lim.) 20 10s Ceylon A shares 20 1 Do. B. do. all 174 20 2 St. 10 120 1 __ Demerara . s. Eastern Bengal East Indian 5 Do. C Shares dl D 0.4 p.c.Bnds.,'s7 dl Do. do, do„ '59, do. Geelong dr MelboUrne guar. 5 per cent.., Gd. Trunk. of Canada' I Do. 6p. c, Deben Gt. In. Pen. g. 5 pore 4 Do. Now. guar. 5 p.c II Gt. Westn. of Canada, C.O-, 1 Do. New al Do. Bds., payable '57 Lll Po. do., '76, p. '60., Lll Do. do., '73, do. 11 Do. do., '73, without option .11 Madras, guar, ‘4 p.c .11 Do, do., 5 per c. 0 Do. 4i p. c. Exten.' 5 Do, 3d Ex., g. sp.c. 5 Do. 4th Ex., do, is. Oude (Limited) 5 Scinde, guar. 5 per c, all Do Shr.i E it. 101 5 a] St. 1101 St. lb 25 50 25 121 a' 12i 20 , St. 11 10 St. lioo 50 a 50 a 50 a 25 a 12 a St. 10 10 a 12 a 50 A 25 Bt. idl RAILWAYS. Buck.ghamsh )0 Clydesdale Jc. ill Col.Stour Vy. )0 E. Lin. g. 6p. • ►ll E. Un. 11. Sh. Glas. Barr. di Neils. Direct. )0 Do. New Gletr.&Dn.Fr. Roll & Selby. Do. Shares. .11 'Do. Shares. 11 Lon. &Greenw 11 Do.Preferenee .00 Lon. TH., &S. 91 Do. Bark. Sh. 11 Manch.Bxton. and Matlock Mdld. Bradfd. 51 Newmarket BuryE.G.spc. 11 N. drEst.s p.c. 11 Do. 6 per ct.. 11 Do.Fixedsp.c 11 Prest. &Wyre 11 Do. Shrs. A 10 Roystn.& Hit. 11 Shrews. & Her 611 S. Staffordsh.. .11 WearVaLg6pc all o 100 Wilts &Sommt 45 all 1 100 I all 100 100 8 i 100 all St. St. 10 St. St. all all 100 100 100 all all 100 St. St. 60 25 100 25 20 20 10 St. 50 I b St. b 20 20 al 25 al 25 1 25 Bt. 11 St. 1.1 25 ! 20 a] 20 a] 50 a] 20 al 10 a] 100 20 20 20i 20i 11 100 a] 100 a 100 a' 100 a' 20 a 20 a 20 1 1 20 20 20 20 20 - 8 - 8 67 - 68 • • • 9 -9; 85 - 87 801 - 81 33_ - 34 7 - 9 3 - 5 • •• ...... ... 7i - 8, 1 2 17i - 18 sfq - 40 - 44 28 - 30 17 - 18 90 - 91 ••• ••• 58b 59 iii = ii. 88 - 90 9 - 10 90 - 97 80 - 82 121 - 123 97 - 99 52 - 153.1 53 - 62 74 - 78 - 7i - B, lpl 93 - I - let- 6 - 105 96 - C 3?., ld— d 93 39 : 49 83 - 89 62 - 64 ii = fa 58 - 60 3 i - 3 } 49 - 50 911 - 951 - 51 - 83 - - 84 93 --93 8 - 9 31 - :3: , - ... g - 9 30 - 31 10 - Bti 161 - 106 22 - 23 46 - 43 4 - 3 32 - 34 63 - 69 78 80 12 14 8— 6 d 9 11 35 37 .•• ••• 191 - 20 7 - 9 - 54- SSESSIONS. i - i 8 7 d }..• ••• ••• = ••• i lip, - 10 7 81 1i -- 1 0 8 1i -- lip 18 19 1 40 42 76 78 1 214 214 13 1 I 18A 19 2f 2 d 1103 - 168 103 - 108 100 102 18A 19? ; } 21 212 1 s d P 1 1:I - 2 pl, Antwrp & Rotterdam' Ardennes Belgian East. Junet Be ziers to Graissessac Carmeaux& Toulouse Coal Mines and Ry Dutch Rhenish Eastern of France Do. New • Euphrates Valley Gt. Central of France Great Luxembourg... Italian Junction Lake Const. & Bale Lierre and Turnhout Lombardo-Venetian Lucca & Pist.sp.c.p. Lyons and Geneva Lyons & Mediterran. Maria Antonia Do. New Namur & Liege Do. do. 6 p. c. Pref Northern of France NorwegianTrnk. Pref Paris and Lyons Paris and Orleans Reeife & San Fran , (Pernam.) g. 7 P. a. Rome and Frascati... Royal Danish Royal Swedish Sambre and Meuse Do. 5} per cent. pref Southern of France West Flanders . Do. 54 per c. Pref W. N.W. of France Western of Austria . I West. of Switzerland Wiestaden I Do.B p. cent. pref. Zealand JOINT-STOI Australasia Bank of Egypt Bank of London' Bri. Col. Bk.di Ln. Co British N. American C.Bk.of Ind. An.dtCh City Colonial Commercial of Loud Eng.Scot.dzAus.Cilt ' Lon. Ch. Bk.of A ast Ditto New (London and County LndoSLE.Bnkng.Corp London Joint Stock. Loud. anclWestminst, National Pro. of Eng. Do. New National Bank New South Wales Oriental Bank Corp Ottoman Bank 1)1'01411C al of Ireland Do. New R.Aus.B.&G.Im.Co South Australia Union of Australia Do. New Union of London Unity Mutual ) Wostrnlik of Lod Ci - 6 ..• ..." ••• 1 ..... li 4 41 5 4i s 26! 26 ..'".. • •• *i = ii 41 --- 4jpl 25-= is •• 19 - 20 1 37i - 37?,, 8 - 9 331 -33 i 51 - 53 i i di A - 7 - 74 7 - 8 21 - 211 4 - 8 4 - 81 t 25A - 26 ... .... ••• ••• -..." ... BANKS. 79 80 5 4d 40 45 55 - GO ..... ••• 174 -- is 17i -- 18 all all all all 51 6 50 50 95i 61 6 521 2 i 83i 4f 14 i 131 31} i 105 3 33i 69i 9 781 id 1091 9 10 18i i 0 5 4 6 5i 84 5 3 6 4 4 51 18 5 R i 5 i d ... 16/ I 1, I 2, ::: 12! ••• 1 :.. 121 I _s' ... iii 80 79,i 32 -- 34 161 ..- 1V 33 - 35 50 - 52 dl .... d „. .....,. 111 EIONVON, MONDAY EVEMPNG, DECEMBER 21, tSS7. Leasing Jompanies. Ln.&N.W. Caledon E.U.411E.0 Northn E. Count. Caldonian. Do. G t. Westn. ?. Sr, N.lll Do Do S. Eastern Do 1 Peto & Co, Do Ln. &N. W & Midld. Midland , E. Count. Do Do L. dr is . W 1 Do Gt.Northn T. Bra3sey M. MCI can Stk.&Dar Do Gt.Westn PREFERENI 611 Blyth and Tyne 10 p. c.pref. (issd.at 501.) Bris. &Ex. 4 p. c. 5 Do. 4 per c. Shares.l Caledn. XlO 4 p. c. O Ches. & Ho. 51 p.c.i 0 Do. do. 5 per cent... l Cork&Bandonsip.c.' 611 Dun.Perth.&Aber.J. O E. Anglian Cls. A Sh. 0 Do. do. Cls. B 6a. C. 0 Do. do. Cls. C7P. c. Eas.Co.Ex,sp.c N (41 O Do. No. 2 ....... 0 Do. New 6 pr. c. St. in East Un., G. 6p. c. - 8 all Do. 51., 10 per cent. 10 10 all Do. 101. Debentr.Sh. St. all Do. do. 4 per cent... St. 100 Eastbaneash.6p.ets. ill E.&W. York. .1. sths 9 Min.& Gl. sp. c. Sh. 00 Ed.Prth.&Dun.4p.e. 10 Furness, sp. c K) Glas. & 5.W.G.5 p.c 10 Great Not "....hn. 5 p.c 10 Do. 5 p. c. Redeem at 10 p. c. prem 10 Do. 44 per cent i 0 Do. 5 p.c., Red. at 5 p. c. prem. ill Gt.N. of Scot.lst Pr( .8 Gt. S &W. (Ireland) .8 Do. 4 per c. Pref. St. 6 Gt.W.(B.&H.Ex.spc 10 Do. con. red. 4i p.c. 10 Do. con. red. 4 p. c. 10 Do. irred. 4 per tent. 10 Do sp. c. red. pref. 111 Do. Birm. Pref. Sh ill Do. Chester Bp. c.P. S ill Do. do. 5 p. c. do )0 Do. Birm. Gua. Stk ill Do. Chesh. Gua. Sh 11 Do. do. do I Do. do. do. 0 Lan. & York. 6 pc. St. ) Lon. &B. G. 5 pc.No. i ) D0.,P.,5p.c.5t.N0.2 Do. New Guar. 6p. c Do. do. 5 p. c., No. 4 Lon. , Is N. W.. Cov. & Nuneaton 5 r . ct Lon. is S.W. 7 perct. late 3d Shares 126 1 all Lundy. & Color. 6 Sh. 126 all Londy.faanis. 6 Sh. St. 100 M., S.,&L. 6p. Cent. 6 46 Do. do. do. £6 ... St. 100 Do. do. 3.f per cent 12 all Marl pt. A, Carl. 4 p.c. 124 all Do. 44 per cent 124 10:1 Do. ("0. St. 100 Mid. Cor sol. 6p. c. L St. 100 Do. Coa. Br. Bir. 6 p.c St. 100 Do. 44 p. c. Pre , St. 100 Do. L. &H. Pref. St 10 all New., Aber., &c., pr 5 p. c. red. 5 p.c. pm 11 Do. Pei pet. 6 pr. ct dl Norf It. D eb.4 p. c. Sh 10 Do. sp. c. Ext. 1846 10 Do. 5i p.c. pf , 1847 10 Do.Wv.V.sp. 1.,1847 10 Noial British 34 Do. 71. Preference 1 03 N. E. Berw. 4p. c.Prf 8i Do. do. do .3 Do. Leeds 6 pc. No. 1 9 Do. do. Qrs., 1848_ 0 Do. York HAS. Pur. al North Staffordshire 10 Ox., Wor. & Wolv. 6 p.c., Ist guar. ....... 10 Do. 6p. c. 2d guar._ 10 IDo. do. Debeatr. St. al iScot. Cent. Now Pref. 10 Sc.N.E.Al9er.g.6p.c. 10 Do. do. 7 p.c. pf. St. 10 Do. d 0.3 p.c. pf. St 611 South Devon 611 o. fixed 44 pr cent. ill S. Eastern (Reading Ann.) of £1 Os. 6d. 10 Do. 44 per cent 10 Do. Fixed 4i p.a. Sh 10 Do. New 44 pr. cent 10 S. Wales Gua. 4p. c. 10 Do. do. 44 p. c al S.Yorksh.4 p.c.Guar 11l Stock. &Dar., sp. 0 9 Do. do. do. Waterfd&Kilk. 6 pc , 5 a] 10 ! St. 101 St. 101 St. 101 St. 101 St. 101 20 I 20 1 50 St. 101 St. 101 St. it 8 a 10 a] 10 al 261 13A al 20 a St. 101 St. 101 St. 101 St. 11 St. ,11 St. It 10 a] 10 al St. 101 St. 10 St. 10 St. 10 st. iII 20 1: 121 1 25 11 20 a' St. 10 St. 11 St. 1.1 8i St. 1 St. 1 St. 25 a 10 al L 0.6 a St. 11 St. 11 st. ii st. ti st. ii 20 1 25 11 St. ,101 20 I 1, ..,27, ... 11: 7 Closing Prices Saturday 90 - 92 93 - 9 5 12 - 14 128 - 132 32 - 4 ••• ...'. 1 liA - 106 12 —l3 23 24 91 93 1 §c a 21 89 91 id 1p 64 sk; 1 128 - 131 7 - 8 81 - ii ••• ..... ••• 30 - 31 1E SHARES. .. • - • . • 89 - 91 92 - 95 - 6 1 ": 105 -110 106 -- 112 105 -- 108 103 -- 106 120 -- 123 65 - 67 Ll 4 116 .05 - 107 98 - 110 CO - (2 9 - 6i -- - 4 86 -- 88 80 -- 82 80 -- 82 93 -- 95 9 -- 15i -- 9 -- 9,1 68 -- 70 17 -- 18 -- 9 13 -- 131 132 - 137 111 - 114 1150 - 155 114 - 117 - 0 - 65 129 - 131 94 - 96 84 - 86 ••• ••• 10 -• 11 lia - iiii 93 95 1 d - -220 j 110 - 112 1 101 - 108 107 -- 109 101 -- 103 68 -- 72 9i -- lq 21 - 22 94 - 96 93 - 93 BRITISH MINES. 121A1fred Cons. (Philk.)l ritish Iron Condurow (Cambrn.) l 1 D ev. Gt. thuds. (Tay.) East Basset (Illogan) Ei6 Great South Tolgus .13 G rt. W. Alfrd. (Philk.) 7 Grt.W. Vor (Helstn.) .3s Lady Bertha N. Frances (Illogan) N. W.Basset (Illogan) 1 15 'North Wheal Crofty h Par. Cons. (St. Blaxy) 9 Porkellis U. (Wend.) is. Sort. Cons. Min. Co. !i S. Caradon (St. Cleer) 2 S. Carn Brea (Mogi].) 19 S. W. Frances(lllogn.; 4i Tam. S. St L. Min. Co, 9 Tin Croft 40 [Jo. Mines (Gwennap ;s6 V. of Towoy (Camay.) W. Basset (Illogan).. !O W. Caradon (Liskrd.) ;A Wh. Basset (Illogan). Wh. Buller (Rdruth). Wh. Edward(Calstek) 7s Wh. Kitty (U. Llant) ; Wh. Ma,. Ann (Menht. ) 6 Wh. Trelawney (Lis.) 12 13 5 7 100 -- 110 420 -- 440 90 -- 100 13A -- 14. 4 - 5 i - 1 i - 1 8 - 9 114. - 121 - 5 17 - 19 4. - 5 340 - 350 31 - 41 220 - 230 - 1 3 - 4 - 1 21 - 22 100 - 110 145 - 155 2ho - 290 - 7i 15 - 17 I 45 - 48 1,23 - 25 FOREIGN Australian Bon Accord Cop. (IL) 7 Brazilian lmp. (Nano at .C 5 pm) 11 Do. Comes Sc Cuiada .5 Do. St. John Del Rey 4 Clarendon Con. Min. Co. of Jamaica dl Cobro Coppor 6 Copiapo ' Dun Mountain Coi per Mining Co. Fortuna .1 General 11 Linares 1 Lusitanian 11 Mariquita 11 New Granada .11 Novena Moude 11 Pont. Sil. LdM. Smlt 1 Port Philip 6 S antiago do Cnba United Mexican.. 20 71 1 10 35 2' 30 I al 20 I 1 40 I al . 1 1 11 a] 2 I all 1111NES. e i id—par li 2} ••• ••• 10 31 37 - 39 10 - 12 id P id 13 14 - 8i -- 8i 1 -- Ad - 4 •• .•• 5 - 6 11 - 2 3i - 4i MISCELLANEOUS. 900 Atlantic Tel. (Lim.) 19 Australian Agricult. all Australn. Royal Mail al Berlin Water Works 2 Do. New in. at 5/. d 10 Brit. American Land 124 Canada Do.Go.6pc.JanSauly Copper Min. of Eng. Do. Pref. 7§ p. cent Crystal Palace 11 25 10 10 10 50 100 St. 1 St. I 25 5 Do. Preference Crystal Pal, of France Eastern Steam , St. 'lOO !ElectricTelegraph ..: 1 all Electric Tel. of Irel 5 all 'En.&Aust.Cop.SmCo 10 10s.;Eur. & Ind. Jan. Tel. 9 all ;Eur. &Am. Stm.(lim.) 20 4tll Gon. Ir. Se. Col.(lim. ) 15 14 'Gen. Steam Navigat. 20 5 London Discount 4 all Lond. Gen. Omnibus 20 10 Magdalena St. Navig. 10 all Mediteran. Elec. Tel. 10 8i jDo. Extension Teleg. 10 all Mexican& S.Americn 25 5 Nat. Discount Co 10 6 Netherlands Land._ 10 all Do. Do. ill IDo.B p.c.Pf.iss.at Id. 2 Do. Do. 30 New B. StN. S. Land _X) N.S.W. Gov.s p.c.D. 1 All l NltliE Australasian...N..B.. ofuoposthm a 20 1 all Oriental Gas 1 10s. Do New Shares 5 all eelßr. Ld. & Minri 50 all peninsular dt Oriental 50 10 Do. New 50 all Rhymney Iron 103 60 Royal Mail Steam 1 all Scot. Austral. Invest. St. 100 S. Aus, Gov. 6 p. c.bds. 25 all South Austral. Land 1 all Submarine Tel. Scrip, 1 all Do. Registered 20 5 True. Ln. Co. Up. Can l 0( 2Eq Van.Dlemou's Land 5 al 5 100 8 ••• -- ••• 22 - 23 ••• 4 - 5 ". ." 30 -- 35 113 -- 118 1091 -110 i 27 -- 32 23 -- 25 -- 1# 34 -- 4 116 =ion •1 i - li ••• ---- .. i 4i - 5 ••• -- .. 11 1..'l 3d 31 21 2 it 3 2i 3 16— 1d 16 18 - 1- id *p 72 74 5 6p 20 22 54 56 1 11 33 - 35 i -- i see '''''' ••• 8i - 94 Business this day LAW INTELLIGENCE.—(This Day.) COURT OF QUEEN'S BENCH. (Sittings at Guildhall, before Lord Campbell and a Special Jury.) THE QUEEN V. BOBINSON.—PERJURY. This was a criminal proceeding against a gentleman of fortune, residing at Cheltenham, and a magistrate of the borough, for perjury, in a suit in the Ecclesiastical Court for adultery with Mrs. Evans, the wife of a gentl.- man residing in Gloucester. The case of trim. con. was lately tried at Liverpool. Mr. Sergeant Byles, Mr. Huddlestone, Q.C., Mr. Hawkins, and Mr. Harrison were counsel for the pro secution ; Sir F. Thesiger, Mr. Edward James, Q.C., and Mr. Hodgson were counsel for the defendant. The assignment of perjury amounted to this, that the defendant had had improper intimacy with the prose cutor's wife both before and atter marriage. The unfortunate lady, whose conduct would be the subject of inquiry, was a Miss Carrington, daughter of a gentle: man of that name, residing in Lansdowne-terrace, Cheltenham, and occupying a respectable position in society. The defendant was also a person of respecta bility, residing at the same place, and a magistrate of the borough. The defendant was a married man, but had separated from his wife, owing, as he alleged to their incompatibility of temper, while living at Cheltenham, the defendant became intimately acquainted with the lady's family, which, however, was abused by the defendant, who had been several times, known to kiss her there, and take other alleged famili arity. The lady was afterwards married to Mr. Evans, a gentleman of property, residing in Gloucestershire, but shortly after separated when acts of adultery were alleged to have taken place at various parts of the country and in London. The case had been twice tried. On the first trial the defendant obtained a verdict, but on the second the ♦erdict was for Mr. Evans, damages 5001. A. difficulty attended the proof of the perjury, because in the Ecclesiastical Court the evidence, according to the learned counsel, was taken in a "little dark room" in private and sworn to afterwards. On the affidavits there made the prosecutor could not obtain a divorce, and these proceedings were rendered necessary for that object. Mr. Sergeant Byles having stated an outline of the case, was about to call the following witnesses, when Lord Campbell expressed a wish that as the details of the case must be entered into in a court of law, that for the sake of public morals they would not be made public. Mr. Sergeant Bytes Bahl that he heard that wish expressed before sowing into court. Evidence was then given of the manner in which the proceedings were conducted in the Arches' Court in cases of adultery. _ _ The libel, alleging adultery, was put in and read, set ting forth the marriage, &c., of the prosecutor, and Mrs. Evans' answer, denying the statements in the libel. The libel allege,' the circumstances stated in the evidence of the prosecutor. _ _ _ The witness handed in a deposition by the defendant, sworn to on the 10th January, 1846, before Dr. William Robertson, surrogate, and repeated and acknowledged by him before Dr. Blake, another surrogate. - Mr. J. H. Nichol), proctor in the Arches Court, was present, and heard the defendant sworn by Dr. Robert son. Mr. FoAl4lr, examiner in the above Court, examined the dAendaut. He repeated it and signed it before Dr. R ibertson. Tile deposition was read at full length. In it he denied havitg said at the club, at Cheltenham, in re ference to Evans' marriage with Miss Carrington, " Evans iy a slippery fish, but I think I've hooked hint at last." The deposition also stated that he had not taken improper liberties with Mrs. Evans, either before or after her marriage with the prosecutor. Mary Griffiths, an elderly female, deponed—l am housekeeper to Miss Maxwell, near Tewkesbury, and have been in her service 41 years. I have known the defendant 26 years. I have seen Mr. Evans in 1845 and 1846, the defendant was in the habit of visiting Miss Maxwell. • Sir F. Thesiger objected to the evidence. The mar. risge did not take place till 1854. Lord Campbell—Any familiarity at that time would not be ground for a divorce. Sir F. Thesiger said there were no specific allega tione in the Arches Court previous to the marriage, consequently no assignment of perjury on them. Lord Campbell admitted the evidence. The defendant had denied any committal of adultery before or after marriage. Witness continued—Miss Maxwell resides three miles from Tewkesbury, on the Worcester-road. In front of the house by the side there are two large gardens sepa rated by a wall ; there are shrubs and trees about the garden. In 1845 my bed-room commanded a view of the garden. The defendant visited them three times in the course of the year 1845. Miss Car. rington was there on each occasion. She was brought by the defendant, who introduced her to Miss Max well. She was accompanied on two occasions by her sister, and the third time by her father. The defendant brought the lady into the kitchen to have some bread and butter, and after that they all went into the garden. The defendant walked with Miss Carrington. I watched them from the window, and I saw him with his arm round her neck and waist. If I had not known the defendant to have been a married man, I should have thought them lovers. Mr. Carring ton and Miss Maxwell, I think, were in the house at that time. They could not have been seen by the two latter. Cross-examined by Sir F. Thesiger—This is the first time I have given evidence in the case. I first mentioned it to Mias Maxwell in 1846, and she went out when they wrote to say they were coming again, because she would not receive them, disapproving of their conduct. I also mentioned it to Mr. Evans in January, 1856. My bedroom window commands the whole of the garden. Sir F. Thesiger protested against the evidence. It was not alleged in the Ecclesiastical Court, and he was not prepared with evidence to meet it. Lord Campbell said he ruled it was evidence. Walter Scroinon—l was page to Mr. Carrington in 1846. The defendant visited them generally Irons 2to half-past 2 o'clock. After he got into the hall he used generally to whistle. I then showed him up into the drawing-room. He used not to ask for any one particularly. R e had seen Miss Carrington (Mrs. Evans look over the bannister with her dress off. (The case was proceeding when we went to press.) COURT OF BANKRUPTCY. (Before Mr. Commissioner Holroyd.) RE B. W. A. SLEIGH. To-day Was appoi n t e d for the last examination of Burrows Willi am Arthur Sle i gh, w h o was described as a newsvender of the Strand ; he was also connected with the Telegraph newspaper. The balance-sheet, prepared by Messrs. Cooper and "[eerie, extending from the Bth March, 1855, to the Ist Nev. last, shows debtor to creditor, 4,6291. ; profits, 3,6421.; creditor by doubtful debts, 501.; trade expenses, 1,819/. ; law costs, 944/. ; house expenses, 2,569/. ; losses, 2,3641. ; deficiency, Bth March, 1855, 5231. Amongst the losses, 900/, is set down on the sale of the Army Dispatch, to Major Walker, for which judg ment was obtained against the bankrupt, and expenses a 1001. at Boston. t elections, 783/, at G reenw i ch, 201. a t Midh ura t, and Mr. Norton applied that the bankrupt might pass. Mr. Yonge, on behalf of Major Walker, said the accounts did not go far enough back, and proposed to examine the bankrupt relative to property, of which there was no mention in the balance-sheet. His Honour said the balance-sheet began at the date of the books, but the bankrupt might be examined. Col. Sleigh, examined, s a id he was b an k rup t i n 1850. After obtaining his certifi ca t e, he went to th e U n it e d States. He was a colonel and Justice of the Peace in Prince Edward's Island. re , —a purchased property there to the extent of 120,000 acres. He was to pay for it at so much per annuli). He paid the first instal ment of 500/. He obtained the colonelcy of militia ; being a retired officer in her Majesty's service. There was, however, some difficulty in recognising his title, and ultimately he transferred it to Captain Grey, of the 7th Dragoon Guards, who went out to settle there. When he was in America he ran a steamer to carry the mail from New Y or k to Q ue b ec . The spe culation proved to be a b a d one, an d he incurred considerable liabilities. T he steamer was l os t, and he incurred considerable liabilities, but they had been discharged as well as all his other liabilities in the United States. He petitioned the court in July, 1856, under the Debtor and Creditor Arrangement Act, and obtained limited protection. He did not remember the statement he made for obtaining prolonged protection. Mr. Yonge read the statement, by which it appeared be stated that he had liabilities in America. Witness said he was under the impression at the time that he had in respect of the steamer, but on writing over he obtained receipts in full. In Febrhary, 1854, he received 9001. from Majo r W a l ker f or th e purposes of the British Army Dispatch. B etween t h e p a rting with the British Army Dispatch h e was trave lli n g about the United Kingdom with his fa m il y . Th e 900/. was not employed in starting the morning paper. The case was proceeding, and likely to occupy a con , eiderable time. AN ADVENTURE WITH BRIGAND& AMERICA. The following (which we find in the Wolver- THE PRESIDENT'S MESSAGE. hampton Chronicle) is extracted from a letter from LIVERPO; )L, SUNDAY. Mrs. Harper, the lady mentioned as being, with I The Royal Mail steamship Africa, Capt. Shannon, her husband, of the party of travellers who were _ _ _ has arrived. lately pillaged by brigands while on their way from Civita, Vecchia to Rome : Rome, Dec. 1, 1857. "Well, we reached Civita Vecchia from Leghorn ; and now as we are approaching the Holy City, we may naturally expect good government and some honesty under an ecClesasiical prince ; but now commences our tale of trouble. " While on board the steamer we had received much good kindness from an Irishman, who helped us with his Italian, explained the Roman money, quarrelled for us with the boatmen (1 most rascally set), and, in shore, did us no end of little kindnesses. He proved to be an American Roman Catholic bishop ; with him were Dr. Whitehead, Vice-President of the Maynooth College, and two other Irish-American priests—a youth coming to Rome for education to enter into priest's orders, end a young man named Blake, cousin to Dr. Whitehead, and grandson of Lord French, a fine spirited fe'dow. This party and ourselves landed and passed through the Customs together ; and what a scene of extortion that is from beginning to end—it is a perfect robbery. Here again the bishop helped us, and when we could not get places in the diligence, was so good-natured as to let us join them in a large vetterino, which was only intended to hold Fever), but with the addition of ourselves it was forced to contain eight. You will remember the party whom I have severally named. " We had four horses, and had to go 56 Roman miles, each of which is a furlong less than an English mile. The driver (an Italian) promised to go into Rome at 7 o'clock ;- we left at noon, but he let everything pass us, walked up hill, and walked down, and no talking would make him go faster. At last, about 4.30 o'clock, he drove up to the half-way house, took out the horses without per mission, and stayed until about 6.15. Thus we had only accomplished half our journey by daylight. We had not left this place more than half an hour before we were sprung upon by 6 or 7 brigands • each man had a blud geon, a pistol, and a dagger. One was stationed a few yards distant on a bank, with his blunderbuss levelled at the carriage the wholeof the time, so that had resistance been made be could have riddled us through and through. Blake, who was by the driver, showed fight, but was immediately struck down by a bludgeon, and left for dead; Henry (Mr. Harper, the writer's husband) and one of the priests sat outside behind the driver ; a wretch began striking . him until he threw him his purse, and got down to have his watch and chain torn off, with a dagger at his throat. The other wretches had got hold of the bishop, and, with two daggers and a pistol at his head, he had to give up his ring of office, gold cross and chain, watch and chain, bag of 100 sovereigns—every - - thing ; and Dr. Whitehead and the youth shared the same treatment. Two horrid fellows came to me in the carriage (I never got out), tore open my shawl, felt my fingers for rings, and would have taken my wedding ring and guard, only I bad on a tight-fitting glove. I cried out C'est tons, c'est tons,' and they nut knowing perhaps but what the others may have stripped me, left me, finding only my purse. My watch, chain, and cameo brooch I had (half in joke), at the roadside inn, put into my secret pecker, which I carry under all my clothes, and so they are saved. The brutality of these villains can only be imagined by those who saw it ; bad there been any resistance they would have shot us down like so many dogs, or more likely, because more quietly, have stabbed or otherwise murdered us ; but not one of us had any means of defence, and so we gave up all willingly for our lives. They carried away 3001. in gold, and 1501. more in watches, chains, and jewellery. Our loss happily is not considerable, as Henry, at the inn, bad secreted his money in bia boots, as a precautionary measure, leaving only about 30s, in value in his purse , but not believing for a moment that we should be at tacked. We all had perfect presence of wind at the time, and it seems wonderful to me when reviewing the whole scene—a scene of horror—the real sang froid that I felt. The terror came afterwards, when they were fairly gone ; and the poor youth was placed in my arms in the carriage. Thank God, it preyed that he was only stunned by the blow of a bludgeon upon the left temple ; he was not dead. I poured some brandy and water into his mouth ; at last some went down, and after a while he showed signs of returning consciousness. It was affecting to see Dr. Whitehead's joy over the poor lad, and sorrow, too, for his arm was useless, and we feared a ball had entered his left shoulder. He is heir, as I understand, to 12,0001. a-year, and Dr. White head bad taken charge of him on this his first tour abroad. " Just conceive your feelings in having yet 20 miles to go, through the most cut-throat country possible, totally uninhabited ' the chance of being attacked by another party, and having nothing left to give. My specific I need not say was prayer ; most earnestly I prayed to be spared another attack th at night, and I felt an answer of peace and grew more calm. I veritably believe that the sight of another man at the carriage door would have killed me, and not me only, for our nerves were so utterly unstrung. Dear Henry sat by the driver, and I inside, so that we could not communi cate. He has a sad bruise on one arm, and two on one leg, otherwise he is well. I verily believe that the shock has done him good. I have been on the dither all day with nervous excitement, as, it was on this time last night we wero attacked. To-morrow I dare say will find me all right. " This morning the bishop went to Cardinal Auto nelli, Secretary of State, and gave information of the affair. One of the judges took down his deposition, and all has been laid already before the Pope. This is the fourth robbery on that spot this month, butnow a bishop having been robbed has made a stir. It was a grand thing having him with us. We expect to have to appear to-morrow to give separate eviience. The driver is in prison as an accomplice, as it appears that he has before been engaged in a similar thing. . . . "One does not know how to go to Naples, for the direct road from Rome to Naples is infested as mush as to Civita Vecchia. _ _ . She left New York on the. 9th inst., Nii± ~ - ; t; pas sengers and .Lbove two million dollars in specie. The chief intelligence of interest is thc. Pre;;- dent's Ale sage, which was delivered on the Bth, at Washington. It is as follows : FELLOW CITIZENS OF THE SENATE AND. ROUSE OF REPRESENTATIVES, — In obelieuce to the command of tho constitu tion it has now become my duty to g!ve to Con gress information of the state of the Union, and re commend to their consideration such measures as I judge to be necessary and expedient ; but, first, a n d above all, our thanks are due to Almighty God for the numerous benefits which He has bestowed upon this people, and our united prayers ought to ascend to Him that He would continue to bless our great republic in time to come as He has blessed it in time past. THE MONETARY CRISIS. Since the adjournment of the last Congress our constituents have enjoyed an unusual degree of health. The earth has yielded her fruits abund antly, and has bountifully rewarded the toil of the husbandman. Our great staples have commanded high prices ; and up till within a brief period our manufacturing, mineral, and mechanical occupa tions have largely partaken of the general pro sperity. We have possessed all the elements of material wealth in rich abundance, and yet, not withstanding all these advantages, our country in its monetary interests is at the present moment in a deplorable condition. In the midst of unsurpassed plenty of all the productions of agriculture, and all the elements of national wealth, we find our manu factories suspended, our public works retarded, our private enterprises of different kinds abandoned, and thousand of skilful labourers thrown out of employment and reduced to want. The revenue of the Government, which is chiefly derived from duties on imparts from abroad, has been greatly reduced, whilst the appropriations made by Congress at its last session for the current fiscal year are very large in amount. Under these circumstances a loan may be required before the close of your present session ; but this, although deeply to be regretted, would prove to be only a slight misfortune, when compared withthe suffering and distress prevailing among the people. With this the government cannot fail deeply to sympa- ' thise, though it may be without the power to extend relief. It is our duty to inquire what has produced such unfortunate results, and whether their recur rence can be prevented. In all former revulsions the blame might have been fairly attributed to operating causes, but not so upon the present occasion. It is apparent that our existing misfortunes have proceeded solely from our extravagant and vicious system of paper cur reucyand bank credit exciting the people to will spe culations and gambling in stocks. These revulsious must continue to recur at successive intervals so long as the amount of the paper currency and bank loans and discounts of the country shall be left to the discretion of 1,400 irresponsible banking insti tutions, whichfrom the very law of their nature wdl consult the interest of their stockholders lather than the public welfare. The framers of the constitution, when they gave Congress the power to coin money, and to regulate the value thereof, and pro!linited the States non; coining money, emitting bills of credit, or making anything but gold and silver coin a tender in pay ment of deb , s, supposed they had protected the people against the evils of an excessive and irre deemable paper currency. They are not responsi ble for the existing anom ly that a governme t en dowed with the sovereign atti ieute of coining money, and regulating the value thereof, should have no power to prevent others from driving this coin out of the country, and filling up the channels of circulation with paper which es not represent gold and silver. It is one of the greatest and most responsible "I must close now. This letter seems incoherent, but I write under much excitement. It is quite a new episode in our lives : brigands, bishop, and Pope." duties of government to ensure to the - people a sound circulating medium, the amount of weich ought to be adapted with the utmost possible wis dom and skill to the wants of internal trade and foreign exchanges. If this should be greatly above, or greatly below, the proper standard, the market able value of every man's property is increased or diminished in the same proportion, and injustice to individuals as well as incalculable evils to the community are the consequence. Unfortunately, under the construction of the federal constitution, which has now prevailed too long to be changed, this important and delicate duty has been dissevered from the coining power, and virtually transferred to more than 1,400 state banks acting independently of each other, and re gulating their paper issues almost exclusively by a regard to the present interest of their stockholders, Government exercising their sovereign power of providing a paper currency instead of coin for the country. The first duty which these banks owe to the pub lic is to keep in their vaults a sufficient amount of gold and silver to ensure the convertibility of their notes into coin at all times and under all circum stances. No bank ought ever to be chartered with out such restrictions on its business as to secure ',his result. All other restrictions are comparatively vain. This is the only true touchstone—l-the only efficient regulator of a paper currency, the only one which can guard the public against over issues and bank suspensions. As a collateral and eventual security it is doubtless wise, and in all cases ought to be required, that banks shall hold the amount of United States and State debt equal to their notes iu circulation, and pledged for their redemption. This, however, furnishes no adequate security against over issue ; on the contrary, it may be per verted to inflate the currency. Indeed, it is pos sible by this means to convert all the debts of the United States and State Governments into bank notes, without reference to the specie required to redeem them. However valuable these securities may be in themselves, they cannot be converted into gold and silver at the moment of pressure, as our experience teaches, in sufficient time to pre vent the bank suspensions and tiie depreciation of bank notes. In England, which is to a considerable extent a paper-money country, though vastly behind our own in this respect, it was deemed advisable, ante rior to the Act of Parliament of 1844, which wisely separated the issue of notes from tine banking de partment, for the Bank of England always to k , ep on hand gold and silver equal to uric-third of combined circulation and deposits. If this pro portioa was no more than sufficient to secure the convertibility of its notes with the whole of Great Britain, and to some extent the continent of Eu rope, as a field for its circulation, rendering it almost impossible that a sudden and immediate run to a dangerous amount should be made upon it, the same proportion would certainly be insufficient under our banking system. Each of our 1,400 banks has but a limited cir cumference for its circulation, and in the course of a very few days the depositors and note-holders might demand from such a bank a sufficient amount in specie to compel it to suspend, even although it had coin in its vaults equal to one-third of its im mediate liabilities ; and yet I am not aware, with the exception of the banks of Louisiana, that any State bank throughout the Union has been required by its charter to keep this or any other proportion of gold and silver, compared with the amount of its c ombined circulation and deposits. What has been the consequence ? In a recent'- report made by the Treasury department on the condition of the banks throughout the different States, according to returns dated nearest to Jan., 1857, the aggregate amount of actual specie in their vaults is 58,349,838 dols. ; of their circulation, 214,778,822 dots.; andcf their deposits, 230,351,352 dole. Thus it appears these banks in the aggregate have considerably less than one dollar in seven of gold and silver compared with their circulation and deposits. It was palpable, therefore, that the very first pressure must drive them to suspension, and deprive the people of a convertible currency, with all its disastrous consequences. It is truly wonder ful that they should have so long continued to pre serve their credit, when a demand for the payment of one-seventh of their immediate liabilities would have driven them into insolvency. And this is the condition of the banks, notwichstanding that 400 millions of gold from California have flowed in upon us within the last eight years, and the tide still continues to flow. Indeed, such has been the extravagance of bank credits, that the banks now hold a considerably less amount in specie, either in proportion to their capital or to .the circulation and deposits combined, than they did before the discovery of gold in California. Whilst in the year 1838 their specie in proportion to their capital was more than equal to 1 dol, for 6 dols. and 33 cents of their capital, in the year 1848 the specie was equal within a very small fraction to 1 del. in 5 of their circulation and deposits; in 1857 it is not . equal to 1 dol. in of their circulation and depo sits. From this statement it is easy to account for our financial history for the last 40 years. It has been a history of extravagant expansion in the business of the country followed by ruinous contractions. Atsucc m es e si n ve ha i v n e ter ee a n ls te t m he pt b ed es t t o andpapercredit their uoisiltenter prising exciting ex cessive bank loans of mere them to extravagant importations of foreign goods, wild speculations, ruinous and demoralising stock gambling. When the crisis arrives, the banks can "tend lag relief to the people. in Tsai drliggiO THE AUXILIARY LOCAL MILITIA.-A CRUEL 110 AX. A few days since an officer in one of the Yeo manry Cavalry regiments received an official-look ing envelope, with the important words upon it, `On Her Majesty's Service," and bearing the official seal of the War Office. Opening the enve lope, he found it to contain the following enclo sure : " (F. 0. 51) " (749). " War Office, sth Dec., 1857. "HORSE GUARDS. " Sir,—Her Majesty's Ministers having taken into consideration the present defenceless state of the country, consequent upon the reduction of our home force in the prosecution of the Indian war, and the withdrawal and embodiment of a great portion of the milli,* they have determined upon raising some auxiliary corps of local militia, formed of gentlemen of the present Yeomanry Cavalry, and others willing to serve as volunteers therein. " It being of the greatest importance in promoting this object to nominate as officers gentlemen whose energy and ability have been already proved, communi cations have been addressed to the colonels of each existing Yeomanry corps, soliciting the recommendation of such gentlemen who are best fitted to officer the new force. " I have much pleasure in informing you that your name has been submitted to us fer the purpose, and approved of. Yon will, please, therefore, to attend at the Commander-in-Chief's office to receive your commission and instructions, on Saturday next, the 12th inst., at 10 a.m. You will wear the full uniform of the troop to which you belong. " I am, Sir, your obedient servant, " PAN MUM" The gentleman who had received this unexpected nomination did not fail to be in attendance at the hour appointed, radiant in all the glories of the Royal -- Yeomanry Corps. Some dozen or more officers, each representing some other gallant corps were assembled in the outer room of the War Minister, and warm and hearty were the mutual osmgratulations addressed to each other upon the good fortune which had smiled upon them. A short interview with the military authorities led to the unpleasant discovery that all the expectant officers of the "Auxiliary Local Militia" had been the victims of a most unmerciful joke, and that her Majesty's Ministers had really no intention of re medying the "defenceless state of the country" by the formation of any gallant corps suoh as that to which these gentlemen from the country had been so recently ap pointed. We are informed that Mr. Field, and the detective staff of the "Private Inquiry Office," have been directed by the military authorities to discover, if possible, the ingenious founder of the "Auxiliary Local Militia," in order that Lord Panmure and the heads of the department may reward him with that promotion which his patriotic anxiety for the defenceless state of the country so justly merits. THE ST. PANCRAS TRAGEDY. —The adjourned inquest was held this day upon the bodies of the man and woman who were discovered dead in a room in Har per's coffee-house, 38, Drummond-street. The bodies have not been identified. Nothing further than that which has already appeared in The Sun transpired this morning. The jury returned the following verdict : " That the deceased persons were found dead, with their throats cut, but how such wounds were inflicted there was no evidence to show." THE COMMERCIAL CRISIS, AND HOW IT AFFECTS THE DIFFERENT CLASSES.—When we compare the various opinions which have been expressed with reference to commercial vicissitudes during a period of years by many of the periodicals of the day, it is really laughable to remark their extreme fallacy. As an evidence of this, a contemporary ventured not long ago to assert that a Silk Dress would be "a lady's despair," and as difficult to obtain as an Indian shawl ! But the result of the panic has been to bring down the aggrandised values of siiks to their normal standard. In fact, the Lyons' manufacturers are selling their silks at a lower price than for years past; although it is very probable that as the crisis passes away prices will again advance. Messrs. Jay were particularly fortunate last week, when in the Lyons' market, to meet with a manufacturers' stock at full 25 per cent.. under late prices ; and these goods were forwarded immediately, and are now to be seen at the London General Mourning Warehouse, 247 to 251, Regent-street. There cannot be more suitable materials for Dress at this season of the year than those referred to, as, although " black," they are not indicative of Mourning, but are of beautiful figured and brocaded patterns, witlitrt being conspicuously showy. 30 1 11 21j i 112111 234 44 115 110 i to redeem their liabilities in spt.ci-, they are com pelled t o contract Leir 10.. us and issues: and at last, in the hour of dstle . :s, v+ hen a , ,ist n e is needed, they and tiieir debt:trs s..nk 7rioil e ,s x olv a r sion cy. t expansion raising is this paper system of extrava4an raising the noininA rate of every ar be,; and its real value when compared with ae c. , st of similar articles in countries ir,liose circtlia,!_. is wi.-zely re gulated, which has Prevented i - cs our own market :with foieLn uria fl:CtUr ,- 2rS, proelacAl extravagAlt On coun tot acted the effect of the largeio,:idental peotectiou afforded to ourd,,mesic manufa,itur.tri, by The pre sent revenue tariff. But for this tht• branches of our inanucturei, compJstd zaw the pro duction of our own country, such a cotton, Lon, and woollen fabrics, would not oniy have occupied almost exclusive possession of the market, but would have created for themselves a foreign market throughout the world. Deplorable as may be our present financial condi tion, we may yet indulge iu bright hopes for the fu ture. No other nation has ever existed which could have endured such violent expansions and contrac lilttain he o tueioi b s tniu o e,: f paper and dilic credits without lasting injury, yet ltly eeonfsapybi spirit u t t uw h sh , isc t oh h o e nn e e e e or rg rci i e e nc s aoi o Ni_s f e rb o f t e i rf r oo rm p e o do p u u i fr - .. present 'financial 'embarrassments, and may never occasion us speedily to forget the lesson which they have taught. In the meantime it is the duty of the Government by all proper means within its power, to aid in alle viating the sufferings of the people occasioned by the suspension of the banks, and to provide against a recurrence of the same calamity. Unfortunately, in either aspect of the case, it can do but Thanks to the independent treasury, the Govern ment has not suspended payment, as it was com pelled to do by the failure of the banks in the year 1837. It will continue to discharge its liabilities to the people, and gold - and silver, its disburse ments in coin, will pass into circulation and mate rially assist in restoring a sound currency. From its high credit,• should we be compelled to make . a temporary loan, it can bo effected on ad vantageous terms. This, however, shall, if possible, be avoided ; but if not, then the amount shall limited to the lowest practicable sum. I have thereforedetermiiled that, whilst no use. ful government works 'already in progress shall be suspended, new works not already commenced shall be pDstponed if this can be done without in jury to the country. Thosa necessary for its de fence shall proceed as though there had been no crisis in our monetary affairs. But our federal Government cannot do much US provide against a recurrence of existing evils. Even if insurmountable constitutional objections did not exist against the creation of a national bank, this would furnish no adequate preventive security. The history of the - last bank of the United States abundantly proves the truth of this asser tion. Such a bank could net if it would regulate the issues and credits of 1,400 state balks in such a manner as to prevent the ruin , n , expaiisions and contractions of our enriei ; ey which afflicted the country throughout the ,xi.- . ,,.n0- ~ f the late bank, or secure us again:: fut ure sn: : :p.-11 , 110t18. In 1825, an effort w:i.ti male by the Bank of England that it might curtail tht-i issues of the coup i ry banks under tile most favourable circumstances. Tne paper currency had been expended to a ruin ous extent, and the bank put forth all its power to contract it in order to reduce the prices and restore tie equtli i)lium of the foreign exchanges. It ac cordingly commenced a systeni of curtailment of its loans and issues, in the vain hope that the joint ! stock and private banks of the kingdom would be c ow pelled to follow its example. It found, how ever, that as it contracted, they expended, and at the end of the process, to use the language of a very high official authority, whatever reductia3n of the paper circulation was effected by the Bank of Eng land in 1825 was more than made up by the issues of the country banks. But a bank of the United States would not, if it could, restrain the loans and issues of the state banks, because its duty as a regulator of the cur rency must often be in direct conflict with the im mediate interest of its stockholder , . If we expect one agent to restrain or control another, their inte rests must in some degree be antagonistic ; but the directors of a bank of the United, St a t es wou ld f ee l the same interest and the same inclination with the directors of the state banks to expand the currency, to accommodate their favourites and friends with loans, and to declare largo dividends. Suoh has been our experience in regard to the last bank. After all, we must mainly rely. upon the patrio tism and wisdom of the States for the prevention and redress of the evil. If they Will afford us a real specie basis for our circulation,, by increasing the denomination of bank notes first to 20 and after wards to 50 dollars ; if they Will require that the ' banks shall at all times keep on hand at least one dollar of gold and silver for every three dollars of their circulation and deposits ; and if they will pro vide, by a self-executing enactment, one that no thing can arrest, that the moment they suspend they shall go into liquidatiou, I believe that such .. . provisions, with a weekly publication by each bank of a statement of its condition, would go far to se.' cure us against future suspensions of specie pay. nients. Congress, in my opinion, possesses the power tar pass an uniform bankrupt law. applicable to all banking institutions throughout the.tinited States, and I strongly recommend its exercise. This would make it the irreversible organic law of each bank's existence that a suspension of specie payments shall produce its civil death. The:instinet of self-preser vation would then compel it to perform its duties in such a manner as to escape the penalty and preserve its life. The existence of banks and the circulation of bank paper are so identified with the habits of our people, that they cannot at this day be suddenly abolished without much immediate injury to the country. If we. could confine them to their appro priate spheres, and prevent them from administer ing to the spirit of wild and rtckless speculation by extravagant loans and issues, they might be con tinued with advantage to the public. But this I say, after long and much reflection ; if experience shall prove it to be impossible to enjoy 'the faculties which well-regulated banks might afford without at the same time suffering the calatuiti,es which the excesses of the banks have _hitherto inflicted upon. the country, it would then be far, the lesser evil to deurive them altogether of the powt:r to issue a paper currency and confine them to the functions of banks of deposit and discount. RELATIONS \VITR GREAT I3RITAIN. Our relations with foreign governments are upon the whole in a satisf.ct,ry cAt tit ion. The diplomatic: difficulties which exi‘t2d betwe Ihe government of the United States and that of Great Britain, at the adjournment of the last Congress, have been happily terminal ed by the appointment of a British minister to this country, who has been cordially received. Whilst it is greatly to the intertsts, as I am con vinced it is the sincere desire of the governments and people of the two countri*s, to be on terms of intimacy and friendship with each other, it has been our misfortune almost always to have hail some irritating, if not dangerous, outstanding ques tion with Great Britain. Since the origin of the government we have been employed in negotiating treaties with that power, and afterwards in discus• sing their true intent and meaning. in this respect the convention of April 19, 1850, commonly called the Clayton and Bulwer Treaty, has been the most unfortunate of. all, because the two governments placed directly opposite and con tradictory constructions upon its first and most im portant article. Whilst iu the United States we believed that this treaty would place both powers upon an exact equality, by the stipulation that neither will ever occupy, or fortify, or colorise, or assume, or exercise any dominion over any part of Central America, it is contended by the British Go vernment that the true construction, of this lan guage has left them in the rightful possession of all that portion of Central America which was in their occupancy at the date of the treaty ; in fact that the treaty is a virtual recognition on the part of the United States of the right of Great Britain, either as owner or protector of the whole extensive coast of Central America, sweeping round from the Rio Hondo to the port and harbour of San Juan do Nicaragua, together with the adjacent Bay Islands, except the comparatively small ofportion h the be tween the Serbon and Cape Honduras, and accord ing to their construction the treaty does no more than simply prohibit them from evending. their possessions in Central America and beyond e pre sent limits. It is not toomuch to assert that, if in the United States th under i t t r d e e a r t y the had authority been ho r i t c y ist, that have States i . The such a construction, it would never susceptible of never have been ne gotiatedSw eonual received of the President, nor the approbation of the universal conviction in the United v i o l ate its when our government consented to traditional and t i me -h o noured policy, and to bti plate with a foreign government never to occupy or acquire territory in the Central American portion of our own continent., the consideration for this sacrifice was that Great Britain should, In this respect at least, be placed in the same posiw tiou with ourselves. Whilst we have no right to doubt the sincerity of the British Government in their construction of the ttiroerait i t t t i i s ii s a t c o t n h s e t s r a u le e n tion i time s It y oppositiond ,lib erat vi e b c o o t n ht c ; its se spirit. administration eel. the two Governments, for the its u u Y r tl p eint o ineit s e i err , dat i nh t bdee p t o\ v eible, of removing these difficulties, and a new treaty having this_ laudable object in view was signed in Londou en the 17th Oct, 1856, and 10 20 20 20 18i 50 all all FOR: IGN,. 74 5 10a i 8 i I 71 i 211 i 281 8 17i 221 2 St. lb 1051 99 7 2/ 3