The Press.
London, England, 1858-10-30 00:00:00

CANTERBURY HALL, one of the most popular of its
class as a place of amusement, has been further im-
proved by the addition of a picture•gallery containing
a fine collection of paintings, chiefly by modern
masters. The praiseworthy object of the proprietor,
Mr. Morton, in thus combining the fine arts with
music, is to raise the character of such entertain-
Incas, and, at the same time, to elevate the tastes
of the working classes.

MR. Warrenotise, late electrician to the Atlantic
Telegraph Company, has come forward and offered
his services again to the undertaking. He states
that he does this from a feeling of duty, as being so
largely identified with the inception of the project;
and also because be is convinced that the cable is
readily recoverable. He theretore asks permission
to make the necessary examination, and if that
should be satisfactory to his judgment, he offers to
reopen communications with Newfoundland at his own
risk, and to maintain it open at a moderate per-
centage on the receipts. The American papers say
the cable will never be put right until Mr. Hughes,
an American electrician, gets charge of it.
LAMARTINE, the unfortunate poet and retired
statesman, writing to M. Pailuxene Boyer from. Saint
Point, his country seat, near Macon, says :—" I am
here but for a moment; I have come to take, in all
probability, a last adieu of my native home, and to
remove the furniture beture the place is put up to
auction. It' within three months France does not
respond to our appeal, I shall leave her soil that I
may nut die upon it. Ne quidem owl."
A DANGEROUS FLIGHT is thus described in an Irish
journal :—" A young man named Power, residing at
Castlecomer, went a few evenings ago to tly what he
termed a Spanish kite, of very large dimensions.
Having adjusted the cord and tail, it rapidly ascended
with a brisk breeze until it had taken the full length
of the cold, which became entangled round Power's
hand. The wind increasing, he was drawn a distance
of nearly half a mile in the greatest agony, the cord
cutting into the bone. The Rev. Mr. Penrose, the
Protestant curate of the parish, seeing the man
running and shouting, at one time raised off the
ground for a distance of some perches, and again

The supplies of money remain exceedingly ample,
anti the amount of capital waiting emplovntoit, but
unable to find it, is almost fabulous. Large sums
have, during the week, been offered to be placed
with the Joint-stock Banks at a nominal interest,
and though some have been accepted, the policy of
those establishments has been to discourage such
deposits. Their reserves are already larger than
they can employ. Some of the discount houses have
experienced the same thing. Thus, with so much
capital yielding no return to the owners, but with a
natural desire on their part to make it preductive,
the market, as a necessary consequence, has been
easy. At the same time the demand has slightly
increased. The period is at hand when a consider-
able amount of commercial acceptances must be
provided for, and mercantile transactions being upon
the increase there is necessarily a better inquiry for
money. But it is not one either from its cuaracter
or its extent calculated to affect the magnitude of the
supplies or the scale of rates. In character it arises
out of a legitimate and safe extension of business,
business which yields enough in the amount and the
rapidity of its returns to enable the merchant, manu-
facturer, or dealer, to be in a great measure indepen-
dent of the discount market. In other words, the
bulk of transactions now, particularly among the
manufacturing classes, are effected by means of the
resources which they themselves are creating. In
no branch is this so apparent as among that exten-
sive interest, the makers of machinery, the produc-
tion of which has the world for its market, and the
demand for which appears to be illimitable. In
extent the demand is comparatively small. It bears
no proportion to the development of commerce
within the last two or three months, simply from the
fact that the non-credit system is found convenient
and satisfactory to all parties. It is obvious from
the existing state of things that any great increase
in the inquiry for capital will indicate a speculative
movement intended to be carried on by resources
temporarily obtained for the purpose. The rates this
week have averaged about two and a quarter per cent.,
though to-day the best bills might have been done at
two per cent. For secondary and inferior paper
two and a half per cent. is required, and in some
cases not less than three; but few, very few, Will
consent to pay this price.