The Sun. — London, England, 1857-11-09 00:00:00

~- JIER MAJESTY'S THEATRE. JTJLLEEN'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 kearsal, and winl be produced on Thursday next, Nov. 12. PIiCOS of Admission—Promenade, is ; Upper Boxes, Is. ; Gallery, Is. ; Dress Circle, 2s. 6d.; Private Boxes, 10s. pl. and upwards. Prospectuses, with fall particulars, may be had at th e Box ofilee of the Theatre ; of all the principal libraries ; and at .7 1 :Mien and Co.'s, 214, Regent-street. The Concert will commence at Eight o'clock. T EATRE ROYAL, HAYMARKET. Lessee—Mr. J. B. Buckstone. IRIS EVENING, to commence at Seven o'clock, with a new Comedy, entitled AN UNEQUAL MATCH. Princi pal characters by Messrs. Bnckstone, Compton, Chippendale, W. Farren, Miss Amy Sedgwick, Mrs. Buckingham White, $3 Mrs. E. Pltxwilliam. After which, LEND ME FIVE SHILLINGS. To be followed by THE STAR OF ANDAL USIA. o rc h e stra Stalls (which may be retained the whole of the evening), 6s. each. (No charge for booking.) First Price. a. d. Second price. s. d Drees 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 tipper Gallery 0 6Ne half-price to Upper Gallery. R OYAL PRINCESS'S THEATRE. Proprietor, Mr. Charles Kean. LAST WEEK BUT TWO OF THE TEMPEST. THIS EVENING, will be performed Shakspere's Play of THE TEMPEST. Preceded by LIVING TOO FAST. THEATRE ROYAL, ADELPHI. Lessee—Mr. Ben. Webster. 'PHIS EVENING, will be performed the popular drama of THE GREEN BURIES, in which Mr. Wright, Mr. Paul Bedford, and Madame Celeste will perform. After which, an original Apropos Sketch, entitled THE DRAPERY QUEST/ON ; or, Who's for India! Messrs. Wright, P. Bedford, C. Selby; Miss M. Wilton and Miss Vary Keeley. ROYAL LYCEUM THEATRE.—Lessee, Mr. Dillon.—Under the joint management of Miss LOUISA PYNE and Mr. W. HARRISON, THIS EVENING, will be performed Balfe's new opera, THE ROSE OF CA STILLE. Characters by Miss Louisa Pyne, Miss Susan Pyne, Miss Marian Prescott, Mr. Weiss, Mr. A. St. Albyn, Mr. G. Honey, fir. Wallworth, and Mr. W. Harrison. Conductor, Mr, Alfred Mellon. To conclude with (4th time) a new Farce, entitled A PAIR OF PIGEONS. Mr. G. Honey and Miss Cuthbert. Private Boxes, £2 12s. 6d., £2 25., and El lls. 6d. ; Stalls, 6s. ; Dross Circle, ss. ; Upper Boxes, 4s. ; Pit, 2g.; Gallery, Is.—The Box Office is now open daily, from 11 to 5, under the direction of Mr. Chatterton, jun. ROY AL OLYMPIC THEATRE. Lessees, Messrs. Robson and Emden. 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 rAILS. Messrs. Addison, G. Vining, H. Cooper ; Mrs. Stirling, Misses Wyndham and Swanborough. Commence at half-paat Seven. OYAL SURREY THEATRE. IL 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, Delmore, Tapping ; Miss M. Eburne, Miss Webster, Miss Chalmers, Miss Johnstone. After which, a new Petite Comedy, UP IN THE WORLD. To conclude with AVARICE. CANTERBURY HALL, Westminster-road.— OPEN EVERY EVENING.—The follow ng company of Vocalists are engaged for the performance of Selections from all the popular OPERAS, MADRIGALS, CHORUSES, GLEES, DUETS, &c., viz.:—Miss Russell, Mrs. Badzey, Madlle. Marietta, Mrs. Palmyre, Kiss Bru nell, and Madame Marietta; Herr F. Jonghmans, Mr. Henshaw, R. Grover, T. Farrant, S. Jones, J. Barker, W. Melling, Senor Antonio, E. L. lime, and Mr. St. Albyn; Messrs. S. Collins, W. 'I. Critchield, and E. Mack ney. Pianoforte, Mr. Cecil Hicks; harmonium, Master Williams ; Director, Herr P. Jonghmans. Commence at Seven o'clock precisely. Suppers, &c., until twelve o'clock. HIGH WATER AT LONDON BRIDGE. THIS DAY —Mon., 17 min. aft. 7—Even., 58 min aft. 7 To-Mon,Row—Morn., 41 min. aft. B—Even., 22 min. aft. 9 THE WEATHER-StIN OFFICE, NOVEMBER 8. THERMOMETER, IN THE &UDE. 58—highest since noon yesterday. 49—lowest this morning and during the night. 51. —this day at noon. BAROMETER, 30.37—rising. WIND, N.E. ; light, inclining to frost. NOVEMBER 9. 53—highest since noon yesterday. 52—lowest this morning and during the night, 54—this day at noon. BABO3fETEII, 30.39. WIND, N.N.E.. ; light, with dull weather. * 1 474 ),ti .• [LONDON, MONDAY, NOV. 9, 1857. The crisis is proceeding. The merchant princes are beginning to succumb beneath the overwhelm ing pressure, and the impossibility of obtaining discounts at any price. The latest suspension is that of Messrs. DENNISTOUN and Co., of Glasgow, Liverpool, London, New York, and New Orleans. Their liabilities are estimated at the enormou s sum of two millions sterling, but it is said that their assets are ample. The Times says, " The private property of the partners in real estate, and other possessions, is known to be of great magnitude, and it seems scarcely possible that, even under the worst circumstances, their em barrassment can be more than temporary." This suspension, following so closely on that of Messrs. NAYLou, VICKERS, and Co., of Sheffield, also of unimpeachable honour and unquestionable sol vency if adequate pecuniary accommodation oould be obtained—has created equal discourage ment and regret. When such houses have been unable to weather the storm, in whom can implicit confidence be reposed I That question is uni versally asked, but unfortunately no satisfactory answer can be returned. The panic is therefore spreading ; and unless a summary and suitable remedy be forthwith applied, we may anticipate a period of distress and dismay more terrible even than " tho week of terror" which preceded the issue of the Government letter of the 25th October, 1847. The Times is still true to its vocation, striving to sustain the obnoxious by the most specious fallacies. Grave misgivings are, however, ap parent in all its arguments, although it still ob stinately excludes the real cause of all these evils. It asks what has caused Messrs. Naylor, Vickers, and Co., and Messrs. Dennistoun to stop ? add ing, "not any difficulty in the rate of discount, bat the simple fact that each succeeding mail from America arrives without bringing them remittances of bills to enable them to apply for discount. Their capita/a are ample ; and if they had had the bills, the question of 9, or even 20, per cent. would not have troubled them. As suming this to be correct, it proves, beyond the possibility of doubt, the fact that it is the monetary code of 1844, which has occasioned all the mischief. Why, wo ask, in turn, should firms, whose capitals are ample, and whose " honourable standing has never been called in question," who are admitted to have car ried on their extensive business prudently and discreetly, be reduced to such a humiliating and ruinous alternative as the suspension of payment, and possibly the fearful losses incidental to a compulsory winding up ? In ordinary times there could have been no difficulty in obtaining the re quisite funds on the abundant securities which these firms had in their power to offer. The mere delay of remittances would be of far less im portance than a heavy rate of interest. But credit is annihilated. There is a famine of currency, and every man looks to his own interests, and holds with tenacious grasp the notes that may be 1 essential to his own preservation ! We allay re peat what Mr. Moors, the Governor of the Bank `t~~,. THE SUN, LO NDON,' MONDAY E V ENJING, NOVEMBER 9, 18 in 1847-8, declared in his evidence before the Lords' Committee " we do not so much want the money, but we want a certainty that if we should want it,. we should get it !" This is the key to the entire grievance —notes or bul lion to a vast amount are hoarded, in order to provide for possible contingencies, or to enable the possessors to acquire property at little more than half its actual value. For these purposes, men will disregard all the platitudes of the Times, or the propriety of providing only for their wants, and not for their fears. Indeed, where sauve qui peut becomes the ruling motive, ordinary prudence requires that every commercial man should make timely provision for any probable or even possible demands, while the greed of gain, the auri sacra fames, equallystimulates the'speculator to husband his resources, and " keep ready money in his purse," in order to be prepared to take advantage of the extraordinary bargains that may be antici pated. " Self-preservation" and " acquisition" are powerful influences, which cannot be ex cluded, but will always prevail whenever a suit able opportunity arises. We earnestly invite attention to a letter, headed, " Who is to blame this time 1" and signed " Civis Britannicus," which will be found in another part of oar impression. Our respected correspondent truly states that we are the only metropolitan journal which has boldly and con sistently argued the probability of the occurrence of the present crisis, and as boldly and consis tently suggested and demanded a remedy." We have interpolated the word " metropolitan," in asmuch as an esteemed provincial contemporary, the Derbyshire Courier, has been a faithful and efficient co-operator through good report and through evil report, not only when public atten tion was directed to the all-important topic, but also when the unflinching assertion of our princi ples exposed us to the sneers and ridicule of shallow pated fools, or interested disciples of the Mercator school. It was so in reference to the Free-trade when we stood almost alone, before Mr. COBDEN had emerged from obscurity, or Mr. BRIGHT had achieved a political character. We fearlessly urged the great truths of economical science, and insisted on the science of free and unrestricted competition. When the victory was all but achieved, others came round and endeavoured to bear off the spoils to the exclusion of those who bore the brunt of the encounter, and who never for a moment hethtated or relaxed in their exer tions. But onus seminat alter metat is an old occurrence, and we cannot wonder that persons are always to be found ready to seize the prize that others have earned. Our correspondent pertinently inquires, " who is to blame 1" Not the industrial parties, who on this occasion have certainly not been overtrad ing or dealing in accommodation paper. They have not entered into wild speculation, have not dabbled in time bargains, hold no shares in banks or railways, or other speculative companies. They have stuck to their legitimate business, and what is their reward ? They may get a compli ment from the Commissioner in bankruptcy, and a high class certificate, But these will be but poor consolations for blighted prospects, and the neces sity of de novo, when their energies are impaired, and they are falling into the sere and yellow leaf, when they ought to be thinking of enjoying the fruits of their indefatigable and honest exertions. We have pointed out, like our correspondent, the inconsistency of "free-trade, and a fettered currency." They are totally incompatible ;if any kind of " protection " could be tolerated, it cer tainly is not protection to usurers and money lenders, to those who take advantage of the wants of the community to realise unholy profits at the expense of the industrial classes, and who would have the majority of the people enduring the most bitter privations, provided they could revel in unwonted luxuries or accumulate heaps of useless gold which they had not the hearts to spend or to enjoy. It is not for them that we would con vert the creators and producers of national wealth into unprofitable consumer; or close up factories or mills, or cause them to work half-time. Nor should we join in the impious cry of " over pro duction " so long as the hungry required food or the naked clothing. Separate our internal commerce from our foreign trade. Let gold be treated as a com modity for which a premium must be paid when the demand exceeds the supply. Our merchants can easily calculate the effect of a possible pre mium, which will not affect them by any means so severely as an exorbitant rate of interest. It may for a time check the importation of foreign goods, but it will allow domestic matters to con tinue tranquil. it will also unquestionably pre vent the possibility of parties exporting gold in , order to realise large profits for themselves, care less of the effects on the welfare, happiness, and prosperity of their fellow-subjects. What would the share-taking public say to a railway prospectus which offered a handsome profit on their investment the very first year after the first sod was cut, and the first barrow load wheeled by my Lord OUT-Or-THE-WORLD, anxious to bring his acres within reach of profit. able civilisation ? They would naturally enough pass it by as Railway Quackery, and think it quite enough if railway projectors endeavoured to at tract old maids and footmen from the Three per Cents. by offering to return four or five per cent. per annum, to keep the investor in ready money till the line was completed. The works of a public company covering expenses of formation as they were in progress, repaying handsomely the public who used the works, the shareholders who constructed them, and affording a handsome revenue to the Government too, would be certainly treated as a very pretty dream ; but the shares would hardly be marketable on the Stock Exchange. Yet the public has long had before it the demonstration that such a thing is possible; it has had the demonstration which capitalists prefer, beyond all others, that it has been done, and that the scope is ample, for millions on millions to be embarked in such works. Col. ARTHUR COTTON'S facts and reasonings have been three or four years before the world ; they have never been de nied, indeed the gentleman whom Lord DAL HOUSIE appointed to investigate and report upon the Colonel's statements reported that, though on some minor points and calculations he might differ from him, yet that the Colonel "argues from sound principles and that his plans fdr the improvement of communications at small coat in some localities by means of canals and rivers, and in others by an inferior class of railway are emi nently deserving of attention." Probably the public generally have forgotten Colonel ARTHUR and his " Public Works in India," if so, it is high time that attention should be called to his book, and his carefully sustained reasonings. The commercial paradox to which we have just alluded has been abundantly verified in irrigation works in India, and within the last few years too. They have paid for their construction as they pro ceeded. In the great irrigation works undertaken, after Jong delay, on the Godavery, in the very year of their commencement, the Government at once re ceived an increased revenue, the increase CZCCedillg the 5414 expended on th works o t and the increase has continued, during their progress, to reimburse the capital and to leave additional revenue to the Government ! In many other works the imme diate returns have been of the same character, and in all that time have paid a splendid percentage for whatever sum the Government saw fit to in vest. In Rajpootana, at Marwarree, the expen diture of 24,0001. in tanks increased the revenue by 11,0001., or 47 per cent., and as the people are computed to have gained two-thirds more, the total profit on the works was one hundred and forty-one per cent. In Ajmere the expenditure of 38,0001. increased the revenue by 10,0001. in the fourth year of their execution. In the Madras Presidency the profit to the Government has averaged not less than seventy per cent., and a list is now before us of thirteen of the best works, in which the profit varies from seventy eight to two hundred and sixty per cent., giving an average of one hundred and thirty-one per cent. We believe that a case of failure is hardly known. In every instance which we have noticed, the profits have been so large, that but for the un deniable evidence of receipts into the Government Exchequer, and of the enrichment of the natives, we confess we could not have given credit to the statements. The mystery begins, however, to vanish, as soon as we look at the facts of the case. At first blush there are two great mysteries. How such profits can be made anywhere in the world by steady industry and legitimate use of capital ; and how, if they can be made, there has not been a gambling rush at them, like the railway mania, or the emigration to the goldfields. The first question is soon answered by remembering all we have heard of tropical cultivation. It is the re verse of our own. Water, whioh we drain from our fields at a vast expense, is there the very life of vegetation. The sun is never wanting, and drought is the danger, moisture the blessing. Egypt, as we all know, " casts her bread upon the waters," and depends for her support upon an irrigation for the more part natural. From the earliest records of the East, our own Sacred Oracles, we find water the great object of desire to the Oriental agricul turist ; and it is to this day the real Golconda, or the "diggings" of India. Follow travellers where we will, even through the Zahara itself, the intertropical regions are redundant with vege tation almost fabulously luxuriant, wherever it is blessed with the presence of water. India is not only no exception to the general rule, but probably its most splendid illustration. Give water to the land, scorched otherwise by a vertical sun, and it literally teems with life. There is hardly anything which it will not grow. The vegetable products which we most want here, flourish as they do hardly anywhere else. Rice, sugar, indigo, and ooTroN itself, may be grown in almost any conceivable quanties—of many products two crops may be obtained in one season, and of those which can be grown, no spot on earth can produce them so cheaply. Wheat itself could be furnished in quantities and at a price which would make both the Yankees and the English landlords pro test that Indian irrigation would be their ruin. The irrigation too can be accomplished at such a marvellously small cost. Water for irrigation by the works constructed already in Madras, has been obtained at one-fiftiethpart of its value ! Such at least has been the result of the Godavery irriga tion, where the works have been on a large scale, but very heavy and expensive, though as we have already observed, remunerative from their com mencement. Labour, measured not by wages, but by work done, is so extraordinarily cheap, and the facilities so great from the nature and number of the streams, and - the sites for tanks, that hydraulic works can be executed on very low terms indeed. Another cause of cheapness is that canal and river navigation are at little additional cost obtained in connexion with the irrigation ; but we must defer the question, Ca nals versus Railways, till another occasion. But how then have these sources of wealth been hidden so long from the British public ? The answer is not far to seek, Leadenhall-street can answer it. It has locked or veiled India to all but the civil service, as far as lay in its power. Secrecy has been the protection of its miserable traditional Indian policy ; a policy inherited from the times of the close and rigid monopoly of the commercial com pany, whioh undertook to govern, for gain, the millions of India. Englishmen have been kept as much as possible out of India ; above all, as far as practicable, they have been hindered from ac quiring property in land, or fixed property of any kind. The policy of the Compauy has been the narrowest and meanest conceivable. Its one ob• ject has been to screw revenue from the miserable peasants. The one great merit of Civil Service gentlemen has been to give the Revenue screw one turn more. Not one thought was ever bestowed on enabling the Ryots to pay the revenue. Hence, in stead of inviting English capital, of devising every kind of security for an investment of it in the improvement of the country, and of thus raising up a population able to bear any reasonable amount of taxation, the one object has been to keep India as a close borough for the Civil Service, and to squeeze out of the bodies and souls of the wretched pea santry enough to pay handsome salaries to offi cials, and large dividends to the company. Even since 1853 this system has been adhered to as far as practicable. Light must now break in. The mutiny has blown away the official fog. The Leadenhall blind will be torn away. The DORINS and GRANTS, and all the harpies, who have lived on India without living for it, will be con signed to well-merited oblivion, the man who can do something for India must and will be brought forward ; and Eng land will see with surprise that there are water mines of wealth in India, which will throw into the shade the gold mines of California and Austra lia. In a very few years' time Indian revenue and expenditure will be equalled ; not by dangerous retrenchments, nor by torturing the starving Ryots, but by enriching the now wretched tax payers, through irrigation and canals covering the country, and constructed by English commercial Companies. To this end the Company must be annihilated, and a Queen's Government confer the best protection they can on British capitalists, engineers, and merchants. We noticed a very promising beginning in this line the other day, and shall keep it under notice. They have secured Colonel COTTON'S co-operation—itself a guarantee of success. His Royal Highness the Dnke of Cambridge leaves town to-day on a visit to her Majesty, at Windsor Cats le, and will remain there until WKineeuay. Their Royal Highnesses the D achess cf Cambridge at d the Princess Mary will, early in the ensuing month, honour the Duke of Newcastle by their company, at Clumber Park, Notts. His Excellency, the Ambassador of France and the Countess de Pereigny are expected to arrive at the Em bassy to-morrow morning, after an absence of some du ration in Paris. His Excellency the Netherlands Minister is expected in town to-day from Yorkshire, where his Excellency has been on a visit for some days. The Countess Chreptowick is daily expected at Ches. ham House, from Paris. The Duke and Duchess of Gratou arrived in town a f ew days since, trout Wakefield Lodge, Stony Strat ford. HAYJIA.RKET THE2TBE, On Saturday evening, a new threeact comedy, from the pen of T. Taylor, Esq., entitld "An Unequal Match," was produced here, and met with the most de cided and deserved success. The soene represents a mountainous landscape, the foregeoind of which was occupied by the inn and smithy of aYorkshire village. Hester (Miss Amy Sedgwick), daugiter of Grasebrook (t(r. Rogers), the village blacksmith has two admirers. One is Dr. Boerhaave Botcherly Buckstone) the IE iculapius of the spot, who, finding that his passion is not returned, soon subsides into tbm faithful friend and counseller ; the other is Harry Arnclife (Mr. W. Farren), a romantic young gentleman of small means and high family, for whom, though she is no; blind to the differ ence of their social conditions, Hester conceives a deep affection. Arnoliffe's intentions arestriotly honourable, his civility in carry Hester'. milk pull amid the derision of certain fashionable friends being followed by a formal offer of marriage, which is joyfully accepted. The lovers are rapturously contemplating a sort of " cottage" existence, to which pigs, cows, and poultry will give an ineffable charm, when news arrives that Arn eh& s uncle, a wealthy baronet, is deceased, leaving him a rich inheritance. The faslionable friends now begin to fancy that Arncliffe will tack out of his mar riage with the blacksmith's daughter, and Hester herself is not without misgivinto. Bat the faith ful lover, in spite of the beneficence of fortune, which has made him "Sir Hary," sticks to his pur pose, and in the pre:ence of his steering acquaintance renews his offer, boldly asking the hand of Hester from her father the blacksmith. After a lapse of 18 months we ate removed to Arncliffe Manor-house, and new we find that the romantic passion, which seemed so delightful in the first act, is not without its inconvenient results. Sir Harry Arneliffe, who, now the flush of romance is over, begins quietly to contrast the behaviour of his uncultivated spouse with tbat of the accomplished Mrs. Topham Montresor (Mrs. Buckingham Whte), much to the dis advantage of the former, who, he iusgeste, should take the latter for her model. The arrival of Heater's father on a visit to his child doss not greatly improve the position. Everybody knows that the worthy Graze brook is a blacksmith, and the daugster'a joyfulreception of her humble father in the must of her genteel acquaintance gives one pang moreto the fastidious Sir Harry, who takes occasion to lec;ure his wife on the duty of repressing natural emotions and conforming to the exigencies of an artificial society, still holding up Mrs. Montressor as a standard of perfection. She recollects that her husband prior to his marriage was a suitor for the hand of this very lady, but was rejected on account of his poverty, and has reason to believe that Mrs. Montrassor, who is rot over scrupulous in her love of conquest, is taking advantage of her sojourn in Arncliffe Manor-house to recover a heart that she has once let slip. Feelings lead to words, and altercation ensues betweer. Hester and Mrs. Montressor, in the course of whidi the latter is ordered to quit the premises. To effect tie removal, however, the aid of Dr. Botcherly, who is now in the house as Mrs, Montressor's own medical adviser, is found neces sary. This eminent physician, true to the interests of Hester, advises her fashionable rival to visit Ems for the benefit of her health. Mrs. Montresor departs on the strength of this advice, and now Hester fancies that the only cause of unhappiness is removed. Pour deluded soul! Her husband, who has a pulmonary complaint that, without proper care, may terminate in consumption, has received a letter from his physician (not Botcherly) to the effect that the waters of Ems can alone save his life. That Hester may not be alarmed by the discovery that he is threatened with one of the most terrihle of maladies he states his sudden obligation to visit Etna alone without assigning a cause, and then abruptly guts his home. With the misery of Hester, in consequence of the natu ral, though incorrect, suspicion that her husband is gone to join Mrs. Montressor, the second act comes to a con clusion. A twelvemonth's interval is supposed to elapse before the curtain is raised for the third act. The scene of action is now a German watering-place. Its same is Seidlitz-Stinkingen, and it owes its origin to the scientific acumen of oar old friend Dr. Botcherly, who, having ascertained that the nastiest waters are invariably considered the most efficacious, has been fortunate enough to discover a spring surpassing all others in offensive qualities, and has thereupon written a book, which so pleases the Duke that he appoints him chief inspector of the ducal baths. In this new • Elysium Sir Harry Arnoliffe has taken up his temporary abode, hay ing changed since we saw him last from the most fastidi ous of gentlemen into a hing-beardesl, cap-wearing, pipe smoking lounger of the Rhine. With Mr. Montresor, whom. he has met at Ems, he is on friendly terms ; bat that aspiring lady now seeks to capture German grand dukes rather than English baronets, while, on the other hand, Sir Harry is so completely heart-whole that he maliciously hopes to see Mrs. Montresor eclipsed at the ducal Court by an,Eoglish lady of fa,hion, who is ex pected every moment, and who is mentioned in all the papers as " die schone Eoglanderin." When the beauty arrives she proves to be no other than Hester, no s+ ap parently transformed into a heartless lady of high society, without a single natural feeling. Frankenstein was not more horrified at the man-monster of his crea tion than is Sir Harry at the living result of his own counsels. lie longs to see the Hester of forgoer days restored to his arms, and of course she is restored. Her heartless conduct was merely assumed to work a refor mation ; and her husband, taught at last that a good heart is better than good manners, may now be happy for as long a life as his phthisizky constitution will allow him. The Hester Grazabrook of Miss Amy Sedgwick was an exquisite creation. In the first act her performance was distinguished by all the geniality and honest love of the innocent country lass ; and as the plot proceeded, and the village maid became Lady Arncliffe, the manner in which she receives the visit of her father in the pre sence of the fashi,nable society with which she is sur rounded, was exquisitely natural. Change of circam stances had not wrought a corresponding alteration in her disposition—she is still the same loving, dutiful girl. Then as the accomplished lady of fashion her acting was perfect. Farren, as Sir Harry, was excellent a■ usual. and Compton's Thenkinsop, the sterchy valet, was one of those daguerreotypes for which he is so remarkable. Buckstene's Botcherby, the village doctor, was a perfect study. The manner in which the play has been put upon the stage reflects the highest credit on the manage ment. The scenery, dresses, and appointments are magnlficent. At the termination of each act Miss Sedgwick and Mr.Buckstone were summoned before the curtain, and, amidst the most enthunastio applause, the piece was announced for repetition every evening until t urther notice. OPERA BUFFA.-ST. JAMES'S TB.EATRE. To-morrow night this fashionable and elegant theatre will inaugurate a short season of Italian comic opera, introducing a decided novelty in this c,untry, in the person of the veritable Neapolitan Yulcinella in his mask. The artists are also new to us, and the reper toire for the most part unknown to the English musical public. Report speaks highly of the opera to be per formed on the opening night, and of the powers of the singers. The theatre has been entirely renovated for these performances. The following are the names of the principal artists who will appear on the opening night Signora Fumagalli, soprano ; Sig. Dordoni, tenor ; Sig. Columbo, baritone ; Sig. Castta, bass ; Sig. Gobi, buffo ; and Sig. Carrione, buffo (Napelitano, in mas• chera). Subsequently, other artists will appear, among whom we may mention: Signori Tancioni, Dottini, soprani ; and Signora Tamburini, contralto ; Sig. Gior getti, tenor ; Signors De Giorgi and Ferrario, baritones; and Sig. Ciampi, buffo. COURT CIRCULAR. WINDSOR, SATURDAY. The Queen and Prince Con.ort, with Prince Arthur and Princess Alice, drove out yesterday. Her Majesty's dinner-party in the evening included her Royal Highness the Princess Royal, Earl and Coun tess Granville, Majsr-General the Hon. C. and Mrs. Grey, and Sir James Clark. The Queen, with Princes. Alice and Princess Helena, attended by Viscountess Jocelyn, Lord Czemorne, and Major-General Buckley visited the Duchess de Nemours at Claremont, Otis morning, and returned to Windsor at a quarter past two o'clock.. His Royal Highness the Prince Consort, accompanied by the Prince of Wales, went to London, attended by Col. the Hon. C. B. Phipp., and Captain the Hon. D. de Roe, and presided at a meeting of the Council of the Duchy of Cornwall, hetd at the Duchy-office, Bucking harn.gate, St. James's-park. The Prince Cmeort, with the Prince of Wales, went to Millwall in the afternoon and juspected the Leviathan (Great Eastern), also tho apparatus for launching that ship, and returned to Windsor at a quarter before six o'clock. THE CONTINENTAL COURTS'. - The Duke and Duchess d'Albe have just passed through Bayonne on their way to Ma irid ; also Don Henry, of Spai n , f or the same d es ti na ti o n. The Duke and D uc h ess d' Arenberg have left Brussels for Hyeres, where they intend to pass part of the winter. The Archduke Maximilian, Governor-General of the Lombardo-V enet i an kingdom, has issued an order to the directors of the faculties of the universities, to send him every six months a list of the pupils who have distin guished themselves during that period by assiduity, suc cess in their studies, and good conduct. The Duke of Argyll, the Eatl of Ilarro why, awl the Marquis of Lansdowne, are also expected in town early in the present week. The IVlarquie and Marchioness of Salisbury have re. turned to Hatfield House, Herts, from visiting the Marquis and Marchioness of Easter at Burghley House, near Stamford. The noble marqois comes to town to day for the purpose of dining at Guildhall this eveni4g. The Earl of Clarendon joined the family circle at the Grove, near Watford, on Saturday evening, from town, The noble earl goes to Windsor Castle to-day, in order, it is understood, to present the Siamese Aesba'sadors to her Maje -ty and her i I Istrious Consort. The Earl and Countess Granville arrived in town on Saturday, from a visit to her Majesty at Windsor Castle, and intend to stay in town six weeks. RECRUITING DURING OCTOBER.—We are gratified to find that recruiting for the army is proceeding in a satis factory manner. No less than 8,040 men h ye been at tested during the month of October and joined their respective corps. Ttiis is exclusive of those enlisted for the licuielaold bi:igadeti of cavairy and infantry.— U nited &mice Gazette, ." WHO IS TO BLAME THIS TIME?", TO THZ EDITOR OF THE BM SlR,—Yours being the only journal which has boldly and consistently argued the probability of the occurrence of the present crisis, and as boldly and consistently suggested and demanded a remedy, I, although hitherto a Conservative, and still a Protectionist (unless free trade be reciprocated by our neighbours), venture to address a few words to the public through your columns. How is it that merchants, manufacturers, and others, who, after the warning they received by the operation of the "Bill of 1844 " in 1847, have endeavoured to pursue their various occupations, with increased industry, but with ten-fold caution, now find themselves unable to obtain banking accommodation on the best security, say, property with ample margin, represented by bills drawn and accepted by parties of undoubted means, but not at the moment available in gold or Bank of England notes I Is it that these industrial parties have been over trading, or dealing in accommodation paper ? No. The red-tape crew and the " Overstone" school may say that they ought to have sufficient balances at their bankers to provide for their acceptances without requiring dis counts. But suppose, even if inclined to make every sacrifice to sell, commodities cannot be realised for cash, in quantity, or parted with to others for bills which ap pear certain to be paid at maturity—what are prudent and solvent traders to do ? Farther, if they can get no paper discounted, and those to whom they sold three months ago are in the same fix, and although solvent, cannot find gold or Bank note., how much farther is the evil aggravated ? But who is to blame The individuals in question ? No ; if this country is to continue to trade ; for they never held a share in Bank or Railway, or dabbled in Consols or Telegraphic Companies, but have attended to their own legitimate business, yet still the cry of such men is, what are we to do ? we cannot get our paper, well represented as it is, discounted ! In 1846 I, much ridiculed, proposed at much length, in the columns of one of your morning contemporaries, that "free trade unreciprocated," with a fettered cur- . rency, could result only in a terrible smash and discom: fiture of the Cobden, Overstone, and Wilson theorists. And what'is the result I If the Bank4Act of 1844 is not modified or repealed within a fortnight, will sot all the trade profits of this country, accumulated during the last ten years, have been dissipated I And why I Because honest, blunt, and cautious traders cannot get discount. And it no remedy is applied, and quickly, the good, indifferent, and bad mast fall together, like a rope of old onions—the good and bad together, from the fault of the string connecting the whole. Who has got the money accumulations of the past 10 years I The moneyocracy, and the conntries who sold us dear grain during the Russian war. Those countries who have supplied us with cotton, silk, sugar, hides, tallow, coffee, cocoa, Sec., at double the cost of produc tion. We have not gone ahead in railways, &c., in this country, and the high rate of interest has interfered with the negotiation of foreign loans. But I aver that we have plenty of money capital available nevertheless. It is the YEAR of the "Bank screw" ALONE, which prevents good paper from being discounted freely. It is true that our transatlantic cousins have robbed us of a vast amount of money, obtained under false pre tences, but such losses fell in certain quarters, and the effect would have been local, not general ; severe, but not overwhelming. But just at the time when the drain of bullion was ceasing for China, the EAST INDIA, COM PANY STEP IN, and, in order to carry os a war of their own creation, borrow the money in London, so much needed at the moment, convert it into silver, to pay for whieh the Bank of England is drained of gold, and thus the reserve of notes grows "beautifully less," and hence the cry is, no discounts! BUT WHO IS TO BLAME Not the cautious and solvent trader; he does not care if India is governed by Nana Sahib, so long as he is not ruined ! he would have been content never to have heard of the " monster," nor would he, if the E tat India Compa ny had, checked by the Board of Control, been compett nt to govern India, (upon Exeter Hall principles), or, when the mutiny broke out, had acted with the sagacity - of even a " British Bank director," and had prevented the Bank of Bengal from advancing silver to the natives upon Government securities, for the purpose of hiding it, and so have avoided that scarcity of money in Bengal, which is proving to make it even scarcer here. This, I aver, is the result of the Indian Mutiny ; and in answer to the question, " Who is to blame !" I aver that our Government alone is to blame, by allowing Lord Dalhousie to inflame the passions of our Indian subjects, and Lord Canning to make bad worse, by re fusing to put down the mutiny with.a strong band when able to do so, and by thus and otherwise so deranging his finanoes, that his masters here have been obliged to I rob us of our currency, and thus throw the whole finances of Great Britain out of gear. If, during the coming winter, the operatives and mining labourers are unemployed, and regarding, as they will do, that under "free trade" and the boasted mag. nitude of our exports and imports, somebody must be to blame, they fix that blame on Government and the East India Company, the militia may see come home service. Therefore I say, let discounts be made available for every solvent trader who can show good security, and let it be looked to quickly. Each day proves the danger of delay. I am, air, your obedient servant, CIVIS BRITANNIC:US. London, Bth Nov., 1857. 1 REPRESENTATION OP FINSBURY.—We regret to hear that the state of Mr. Thomas Duneombe'a health is so very unfavourable as to render it probable that there will be a speedy vacancy in the representation of Finsbury.— Morning Advertiser. LIVERPOOL, Nov. 7.—The Royal mail steamship Nia gars, Wyckman commander, sailed hence this afternoon for Halifax and Boston, having on board 119,9581. 10s. in specie and 104 passengers, among whom was the Hon. Mr. Sumner, of the United States' Senate. TRH OVERDUE AUSTRALIAN MAIL.--The overland Australian September mail, per Emu, now five days overdue, is anxiously looked for ; and great'dieappoint ment is felt by merchants and others that she has not been announced in due course, more especially as unless she comes forward promptly, there will be no opportunity of replying by the outward mail, which leaves South ampton on the 12th, and via Marseilles, on the 16. h inst. If the steamer was despatched at the proper data we shall have advices from Sydney to the 11th, Melbourne the 15th,-and from Adelaide to the 10th of September. There will not be a regular mail from the latter place, as South Australia has refused to join in the postal sub sidy under the present arrangements for the transmission of letters from England ; but the receipts of letters and papers are, neverthelese, calculated upon to the (late mentioned. —Mining Journal of Nov. 7. THE PENINSULAR AND ORIENTAL CO.'S STEAM FLEET. —SOUTHAMPTON, Nov. 7.—The new screw steamship Nemesis arrived here this afternoon from the Clyde, in charge of Captain Black, and forms a valuable addition to the extensive fleet of steam vessels belonging to the above-named company. She left Greenock at one o'ol' ck on Thursday, and has made a capital run round, arriving at the Needles at 2 p.m. to-day, and at 4 p.m was at the dock jetty. The Nemesis has been built and sngined by Messrs. Todd and M'Gregor, of Glasgow, and is of 2,600 tons (builders' measurement, 2,516), and 600-horse power. She has two engines, on the trunk principle. The diameter of the cylinder is 851 inches ; length of stroke, 54 inches ; diameter of air pump, 48 inches ; stroke, 24 inches ; diameter of large cogwheel, 15 feet 111 inches ; diameter of pinion, 8 feet 1 inch ; diaweterMi propellers, 17 feet : pitch, 23 feet 6 inches ; diameter of crank shaft, 171 feet, and of screw shaft, 131 feet. The engines are started by a new invention, a small engine being affixed for the purpose of setting them in motion. The Nemesis is ship-rigged, and the following are her principal dimensions :—Length over all 301 ft.; width of beam, 41 ft.; depth of hold, 194 ft. She is a noble-looking vessel, and is one of the 'strongest boats ever built on the Clyde, having a strengthening plate all round her two inches in thickne.s, placed jest above the wales. Accommodation is provided on board tor 150 passengers, 125 of them first-claer. One of her boats is fitted with Clifford's patent lowering appara tus, and one with Captain Guthrie's ; and the vessel is supplied with apparatus for converting salt water into fresh. According to present arrangements the Ne mesis will go out on a trial trip some day next week, and will be dispatched for Alexandria with the next outward India and China mails on the 20th inst., on returning from which voyage she ii to proceed to India, to take up her station on one of the intercolonial routes. Thre 3 other steamships for the company are rapidly approach. ing completion—viz., the Benaree, a sister ship to the Nemesis, the Salsette, of 1,500 tons, building at Glas gow, and the Northam, of 1 . 500 tons, now being built by Messrs. Slimmers and Dsy, of this p ,rt. LOSS OF THE ENGLISH &DP FR `HI 5 AND Tw2LY LIVES.—The following re a copy of a despatch which has been received at the Marine Depot of the Board of Trade, announcing the loss of this ship :—" British Consulate, Ningpo, July 28, 1857.—Sir, in conformity with the instructions of consuls, based on the provisioas of th? Merchant Shipping Act, I have the honour to report to you that on the 18:h instant, the British ship France, Captain Scott, master, was lost in a typhoon, near an island about half-way between this port and Sbangae. Twenty-five of the crew were saved, and arrived at this consulate on the 24th inst. They state that, during the storm, the vessel ran 'or an anchorage under the island referred to, but, after anchoring, she soon commenced to drive, and was eventually dashed to pieces on the rocks. The master, Captain Scott, the chief mat: (Mr. Rowland), eighteen seamen, and sue Chinese girl, lost their lives ; the others of the crew (twenty-five) got safely ashore and remained there three days, during which time no part of the ship cr cargo was seen on ehoro. From the statements of the crew it was evident that the ship' had been entirely destroyed, and it there fore did not appear necessary to despatch any one from thia consulate to take charge of the wreck.—l have &c. (Signed), T, T. Usepows, Vice.CoArml iii Chao." LATEST NEWS. BRUSSELS, Nov. 8. The Moniteur Beige announces that there will not be a royal sitting for the opening of the Chambers. The latter will meet in their respective halls, and proceed to the verification of their powers. It appears less certain that it will be a Liberal Cabinet that will proceed to a dissolution. By intelligence from. Malta, of the 4th, it ap pea' that the Porte, in the exercise of its Sove reign rights in the Regency of Tripoli, has sent Nusret Bey to take the command of the Tripoli tan troops against the Arab Chief G.:uma. Nusret had arrived at Tripoli. The fleet of Admiral Lord Lyons is at Candia. The Bank of Prussia has raised its rate of dis count from G to 7i per cent. FRANCE. PARIS, SUNDAY EVENING. The ministerial crisis in Belgium still contiumes. All that is known in addition to the information received yesterday is that M. Rogier, after his audience with tl.e King, procee'ied to the residence of M. Frere-Orban, and had with him a long con ference. M. de Kisseleff, the Rnssian Ambassador, will return to Compiegne an the 16th ; he has long been in possession of his invitation, so that all the sur mises built on his absence from the festivities are without foundation. The Moniteur is filled with extracts from the English papers, the Annales du Commerce t.x terieur, several columns of a romance translated from the Spanish, and m , re than one quarter of the whole journal is &voted to a continuation of Historical Studies of the 17th Century. Thee curi ous specimens of journalism of course offer no temptation for extract. BOURSE, Nov. 7. —The following were the last quotations : _ Cash. fr. End of Month. 44 per Cents - 1. 3 per Cents.. 6 80 67 5 Bank Shares 2910 Credit Foncier 512i — Credit Mobilier 770 Roman - Do. Account 773 75 Austrian Belgian 4 (xd)... .. Spanish Threes — Piedmontese (5) 9O Home Debt RAILWAYS-FOR CASIL tr. c. fr c. Orleans Northern - Western New Ditto Lyons and Med BOO Grand Central i — New Ditto... ....... 800 Sardinian Geneva 5921— Aistriaa Cora. AUSTRIA. A letter from Vienna of the 3d, in the hamburg Borsenhalle, says—" Count d'Appony, Austrian ambassador at London, has arrived here, and had a conference with Count Buol and Sir H. Seymour on the subject of the Principalities. Sir H. Sey mour declared that England would never consent to the political union of them under a foreign wince, and that the utmost she could admit would be an administrative union. As th Porte has in tima,ed that it will consent to this also, it will pro bably be a Van of th ►t kind which will be submitted to the conference of Paris." DENMARK. A letter from Copenhagen, of the Ist, in the Constitutionnel, says : " Die King, who, on his return from Jutland and Schleswig, went direct to the Chateau of Fredrichborg, yesterday came and presided at a Cabinet Council at the Peace of Christiansborg. Prince Ferdinand and Prince Christian and all the ministers were expressly requested to attenl. The convocation of this meeting is generally attributed to recent communications which have been received from the Danish envoy at the Germanic Diet, relative to the unexptcted stop which Prussia, in concert with Austria, has just adopted at Frank fort, in favour of the two Germania Duchies. After this council precise instructions were sent off to M. de 13ulow, the Danish plenipotentiary at Frankfort, to guide lem in the conduct which he will have to observe in the new situation created by the two great German Powers. It is thought that M. de Bulow, being alone, and powerless to support the tights of lea sovereign in the Germanic Diet, will shortly receive authorisation to quit that assembly, and return to Copenhagen, rather than give, by his .presence in the Diet, any motive of legal sanction to the conuniflatoryrotolutions which may be adopted against Denmark." RUSSIA. A letter from Odessa of tie 28th ult. says : "The Russian S team Navigation Company, which was e?tabli,daed in this port three months ago, under the management of M. Novosselskii, has already attained considerable success ; on the line from Nicolaiev and Kherson to this port,' in parti cular, the number of passengers has increased so rapidly day by day that it has been found no cestiry to employ a new steamer. The company intends for the present to confine itself to deve loping the internal resources of the country and those of the coast, and not to establish relations with foreign ports, until it shall have organised a complete staff of employes, who understand mari time affairs and commerce, and who are not mere functionaries—rather a difficult thing to form in Russia. • M. Novosselskii has just returned from an inspection of the ports along the coast of the Caucasus, and he has selected the port of Poti, which is eight wiles from Redout Kale, as the most preferable fur establishing communication with the Caucasus. He has also explored the Rion to a distance of 90 versts (56 miles), and having found it navigable, has resolved to establish a s t e amer on it; - this will enable regular communica tion to be carried on between Odessa and Tiflis. As the navigation of the rivers of the Caucasus does not enter into the plans of the company, M. Novos selskii has resolved to undertake the navigation of the Rion, and all the incidental expenses which it will occasion, at his own risk. This navigation will have the effect of opening a new route to Persia." SPAIN. Some of the Madrid papers of the 3d express surprise that the CAbinet should not have mado some authoritative announcement of the line of policy it intends to follow. Tile delivery of the Queen was considered so near at hand that the officers charged to superintend she firing of the salutes had rece'ved order's to remain constantly at their posts. Before M. Mon left Rome the Pope conferred on him the order of Pius IX. ANOTHER blfrENsiVE FAILURE. Late this afternoon a suspension was announced which will occasion deep regret. The firm is that of Messrs. Drnnistoun and Co., one of the largest connected ith the American trade in Great Britain. Their liabilities, it is feared, cannot be much short of 2,000,0001. These are spread, however, very extensively, and it may therefore be hoped will not fall on any particular district with such force as to cause further heavy disasters. Messrs. Dennistoun have houses in New York and New Orleans, and the almost total cessation of remittances from those points has rendered their stoppage unavoidable. The head r stAblisbment is in Glasgow, where it has existed upwards of 70 years, and there are branches in Liverpool and London. At Melbourne, in Australia, they have as c ;rrespondents Messrs. Dennistoun Br thers and Co., but happily that firm w.ll not be compromised. The private pro perty of the partners in real estate and other pos sessions is known to be of great magnitude, and it seems scarcely possible that even under the wont circumstances their embarrassment can be more than temporary. Although aneiety has ben felt with regard to them - for several weeks past, their honourable standing has never for a moment been called in question, and there will be on all sides a disposition to promote every arrangement that may be calcula ed to hasten the possibility of a complete resumption. Subjoined is the circular issued : " of We have the painful duty" Nov. 7. informin g you that oar establishments in this country are obligee, by the almost entire suspension of the usual remittances from the United States, to ask you and their other creditors to allow them time for the payment of their debts. This necessity has arisen so recently out of the monetary crisis in "America that it is not in our power to say immediately what indulgence we may require, but while awaiting further advices from abroad we will place our books in the bandsof well-known accountants in London and Glasgow with a view to prepare full statements of our affairs, and we propose calling a meeting of our creditors in London on the earliest possible day, when we hope to lay before you such a j iproposal as will meet with your approbation. "Our houses of Dennistoun, Wood, and Co. of New York, and A. and J. Dennistoun and Co. of New Orleans, are identical with the houses in Great Britain, but the house of Deonist , un Brothers and Co. of Mel bourne is a distinct establishment. "We hre, &z. " J. and A. DENNISTOUN, of Glasgow. " ALEXANDER DENNISTOUN and Co., of Liverpool. " DENNISTOUN, Coss, and Co., of London;", AMERICA. (BY ELECTRIC TELEGRAPH). LIVERPOOL, MONDAY MORNING. The Asia has arrived with advices from New York to the 28th October, and 98,274 dollars, and 2581. in gold. The New York Courier and Engurier of the 28th says : " The demand for bills on Europe yesterday and to day is quite light. The rates are favourable enough to remitters, but the extreme scarcity of money disables most persons from purchasing. The indebtedness of our merchants to England, France, and Germany, is necessarily deferred in large amounts, and at the same time heavy remittances of geld from abroad are anticipated at this port. Bankens bills at 60 days on London to-day are abundant at 105 to 108. Good commercial bills from southern cities, well-kno wn signatures are freely offered at 100, equivalent to 9.1 dis• count. Some relief is looked for in this market from the promised shipments of coin from England. It would be better for us to rely upon our own domestic resources and not add to the disturbance which is feared in Western Europe. The question of the suspension of the Bank of England and Bank of France is canvassed freely in finan• cial circles here, and ouch an event is by some looked upon as of slight moment. We cannot, however, but consider eu h an event as a public calamity, one that would work irreparable injury to the commercial world, and do no possible good to any parties whatever. It is for this reason that we hope the banks in England and France will be fully sustained, and that the export of coin to the United States will be loss than is generally mentioned. New York will be looked to hereafter as heretofore, as the pivot upon which the resumption will rest. A wise, conciliatory, concerted movement on the part of the banks of this city will, if adopted, relieve our merchants and strengthen the (sillier. There were rumours to-lay of several additional failures, but they were not authen ticated. Extension is the order of the day, and one wisely agreed upon by creditors generally. There are very few houses that have not found it necessary to ask and to take time on their liabilities. The west and south in turn exact the same indulgence from New York. The former will he able to discharge their liabilities by means of the large crop of the year ; the south will realise lees from the new crop of cotton than was anticipated. It is conceded that a heavy decline must occur in the mar ket values throughout Europe, and that manufacturers will require a more limited supply than heretofore. Gold was recently in pressing demand, but has now be• come a mere drug, heavy in the market. The brokers are paying one-half per cent premium for limited sums, but this premium is nominal. Large amounts are offered at the same rate and rejected. In Philadelphia, ex change on New York is quoted Si to 4i premium, and draughts on Baltimore 3to 4 discount, There is no reason for this discrepancy, there is no variation in the broker's rates for time bills ; unex ceptionable paper at two to faur months is freely offered at 2 to 3 per cent. per month, paper that would under ordinary circumstances be acceptable to the banks, and which they could now take with advantage to them selves. At last the money comes out of the banks, for every bill discounted at the broker's lessens the bank deposits. The stock-market to-day showed a decidedly buoyant feeling, and most of the sales were made at a large advance on the quotations of the past week and of yesterday." The latest quotations were as follows :—New York State Sixes, 101 ; Virginia Sixes, 75 ; Mis souri Sixes, 67 ; New York Central Shares, 63 ; New York and Erie shares, 10 • Reading Railroad shares, 2 - a ; Michigan Central shares, 40; Michigan Southern shares, 81 ; Cleveland and Toledo shares, 2 71 ; Panama Railroad shares, 68 ; Illinois Central shares, 83 ; Illinois Central Bonds, 751 ; Chi cago arid R. I. shares, 64 ; Milwaukie and Mississippi, 19 ; Galena and Chicago, 63 ; La Crosse, 64 •, ,Michigan So. New Stock, 20. The New York commercial list quotes the rate for first-class notes at 2,3, and 5 per cent. per month. In exchange there was a better feeling, and at the close of busi ness sellers raised their rates. Importers were buyers to a moderate extent, The transactions in continental bills had been very limited. Exchange on London, 102 to 106. The Bank statement was more favourable than was generally expected. The ...Shipping and Commercial List says : " The contraction of loans in the face of a gain of nearly a million and a quarter of specie meets with but little favour ; the city circulation has gone down rapidly, which is owing mainly to the voluntary practice adopted of substituting country money in payments across the counter. The policy of withdrawii g the city notes is not a general one, some of the banks holding it to be to their interest now and on resumption to sustain a good circulation of their own. with the ° the üb line is unexpectedly large, being annex a comparison of the leading items, w o r f e revenue n l o u a e n is are being ng n atit ly ie s n i to , the deposit ve T ra r p , i a :i . l u y ry re b d a u l c a: d c , e. and Th t e he U p e r i o te b .l ab S i probabilities of al ready discussed. The President, it is given out, will oppose all money bills except those for indispensable appropriations. Directions have been given to revise and reduce all estimates, and the construction of Cus• tons-houses and many other public works will be sus pended at an early date." A private circular quotes exchange on London at 102 to 107. A letter from Washington says, " The banks of the district of Columbia in meeting to day resolved to receive the notes of the following banks as currency:—Bank of the Metropolis, Bank of Washington, and Patriotic Bank of Washington, Bank of Commerce, and Farmers' and Mechanics' Bank of George-town, and all the banks of Balti more. The failure of Ross, Mitchell, and Co., of To ronto is announced.—liabiiitias, $1,2500. The Athenian, from Quebec for South Shields, was abandoned on the 30th September; crew taken to New York by the ship Patrick Henry. A Canadian steamer had been wrecked on one of the lakes, and 21 persons perished. Ashes were improving—pot, G dole. 87ic. to 7 dols. ; pearls, 6 dols. to 6 dole. 12ic. There was no demand for cotton, either for export or home use, and with an insignificant stock quota. tions were nominal. The demand for flour had been good for the home trade, and with some sales for export prices wero steady. The receipts were 'she, though light as compared with last year. Wheat had been in demand for home use and export, and prices ' had slightly risen. Indian corn had declined. Iron quiet. Molasses slightly improved. Crude turpentine steady. Spirits of turpentine dull. Linseed oil dull. Provisions dull. Sugar was steady and firm, at a slight improvement in price. Tobacco dull. Freight higher. At a meeting of cotton factors, held at New Orleans, it was endeavoured to carry a re solution binding factors not to sell cotton under 1 5 cents., but there was no unanimity, arid the meet ing broke up without coming to a decision. Cotton was selling at 10 cents for middling. The total re c ipts at southern ports were less by 187,000 bales. 14othing doing in exchange. Money unchanged. A se-ere storm was raging at Boston. The entire valley of the Mohawk was inundated, and much. damage had been occasionied to agriculture' pro duce. THE MEDITERRANEAN. (BY SUBMARINE AND BRITISH TELEGRAPH.) MALTA, Nov. 6. Advices from Alexandria, to the morning of the 2d, report no tidings of the arrival at Suez of the expected Indian and Australian mails. The Dutchman, with a detachment of Royal Engineers, from England, reached Alexandria on the 31st of October, and the troops left.on the diy following for Suez, where arrangements have been made for housing them on board the Peninsular and Oriental Company's coal hulk, Zenobia, until the arrival of the Hiudostan and Pottinger. Those per Austral,sian, which reached Alexandria on the 25th of October, continued on board, awaiting news of the arrival at Suez of the Emeu. Should that vessel not shortly turn up, the Peninsular and Ori ental Company's agent hoped to get them ofr by the Hindostan and Pottinger. Admiral Lord Lyons' squadron is hourly looked for at Malta, having been fallen in with off Na varino on the Ist. The Coqu4tte is under orders for Cagliari, to convey a summary of the first Indian intelligence • that may arrive. The Elba has not arrived here yet with the CaEr liari cable. The Duke of Devonshire has left Chatsworth for Hard wicke Hall. PRINCE ALFRED'S VISIT TO THE ILLUSTRIOCS.—His Royal Highness Prince Alfred visited the Illustrious training ship on Monday. The young Prince, who, it is supposed, will join the ship in March next as a cadet, examined the drawings, workbooks, &c., of the naval students, and appeared much interested in what will, it is presumed, be his future studies. The Rev. W. R. Jolley, who is the chaplain—not "chaplain and naval instructor"—of the Illustrious, has charge of His Royal Highness as his naval instructor.— United Service Gazette. REPORTED DEATH OF LORD POWERSCOURT.--DUB LIN, Sunday. —lntelligence has reached the office of the freeman's Journal announcing that a report which bad been circulated of the sudden death of the youthful lord is without the slightest foundation. He was suffering from a slight attack of influenza, but he is now con valeseent. APPOINTMENTS.—Dr. James Ogston has been ap pointed the First Profe sor of Medical Logic and Medi cd Jurisprudence in the Mariachel College and Univer city of Aberdeen. Mr. Robert Brown Shaw has been appointed Assistant Clerk of the Bills, and Mr. John Walker and Mr. W m . Robert HaycinOrdinary Clerks of the Bill Chamber in Scotland. WILLS.—The will of the Rev. Edmutd Melvin, M.A. Chancellor of Saint David's, and of St. James's-place, Westminster, has been proved in the London Preroga tive Court, under 20,0001. ; John R. Bousfield, Esq., of H , undeditch, 80,0001. ; John Edwards, Esq., of Braniff. , ton Brian, 60,000/. ; Captain William Coote,• R.Ni 45,000/. W. R. Berryman, Eq., of Stoke Dameral, 25,000/. ; Thomas Lloyd, Esq., of Coedmere, 20,0001.; Richard Andrews, Big., or Peckham, 18,0001. ; Mts. Jane Whittaker, of Scot. Lodge, Norfolk, 50109.04