The Sun.
London, England, 1855-05-29 00:00:00

timents of Mr. Gladstone, and that to the presence in it
of such men we are to trace the ambiguity and uncer-
tainty rf which the country, in spite of the vote of the
House of Commons, complains. We believe that there
are till such men in the Cabinet, just as we believed it
a year ago, which will be met denial exactly as we were
met a year ago. For the grounds of our belief we refer
now, as we did then, to the conduct of Ministers—con-
duct utterly irreconcileable with the notion of a Cabinet
united upon the subject of the war.
We believe that there has not been one of the nume-
rous Cabinet CounCile held within the last month at
which there has not been a serious division of opinion.
At more than one of. them we believe the Ministry was
upon the point of,-being broken up. A denial will, per-
haps, be hazarded to this just as angry and positive as
w3s given to similar etatements last year. Is there an
intelligent person in England who is net convinced that
the deliberations of the Cabinet last year were a series of
hostile debates and angry divisions—divisions in which
the policy of war was only carried out by a majority so
narrow as frequently to entail the necessity of compro-
mises which marred and interfered with the vigorous
execution of that policy ?
It is impossible for any one narrowly watching the
present progress of events to divest himself of the belief
that the very same process is still going on: We have
no more a united Cabinet now than we bad last year ;
and it is because we have not a united Cabinet that we
have the same endeavours of Ministers to avoid anything
like a decided opinion on the part of the House of Com-
mons.

How long Ministers will be permitted to pursue this
Parliamentary policy we know not. The House of
Commons have seen fit to declare, by a large majority,
that they see no reason to be dissatisfied with the expli-
citness of Ministers. We do not believe that of the 310.
members who so voted the odd 19 would declare so as
an expression of individual opinion. Let us hope that
some means may be
_found of making the opinion of the
House of Commons accord with that of the members of
whom it is composed, and that some resolution of the
whole assembly may be come to which will not be in
direct contradiction of the individual opinions of nine-
tenths of its merabers.

In the meantime, we once more suggest, as matter
of reflection upon Mr. Gladstone's extraordinary speech,
that the speaker was a member of 'the Cabinet at the
very time when we were told that we had nothing to do
but surrender our confidence unreservedly to the Go-
vernment, in the perfect assurance that there was no
difference of opinion to mar the unanimity of Ministers
in—" the vigorous prosecution of the war."

•
There are now three Colonelcies at the disposal of
Lord Hardinge—those of the 3d Light Dragoons, Vacant
by the death of Lord Charles 5: Al mners ; the 23d
Fusiliers, by that, of SieGeorge d'Aguilar ; and the 92d
Highlanders, by Sir Wm. Macbeau's dendse.
CHESTER AND HOLYHEAD:—A special meeting of the
proprietors was held yesterday at the offices at the
Elston-square terminus of the London and Nortl
Western Railway. The Hon. Mr. Kinnaird was in the
cha'r. The object of the meeting was to consider the
bill (as stated in the proceedings of the London an-I
North-Western Railway Company) to improve the
communication between Holyhead and Dublin. As
at the London and North-Werebern meeting, there was a
dissentient shareholder, and the question went to a poll.
The result was as follows—viz., for the bill, present and
by proxy, vutes representing 1,369,3201. stock ; against
the bill, 47,755/. The bill was; therefore, carried.
A SUBMARINE RAILWAY.—The Boulogne Gazette says
--" There is once more a serious intention ofulai uniting
France and England by a submarine railao sailors andw . The latest
project is thatiof Dr. Payerne, who, with 40
boats, of which he is the inventor, 1,500
navvies, 4,340,000 cubic ''r
10,000,0001. sterling expenses, awdeu o
ldundnesterial, and
rtake con•
struct a tunnel,
whicho the strait that sepa-
rates the two wouldcoublatmrieesansof
be, no doubt, nearly
becrossed in 33. minutes.
The position of tunnel would
parallel with that of theel ectie telegraph, and contiguous
to it, as being-the narrowest part of the channel, as well
m that where the depth of water iq the least,".

The usual home spring trade has not yet corn-
m-nced, as the state of the roads does not yet admit
of the travel of teams in the interior. Tile stock
of flour is so preposterously large that it is pro-
posed to ship 601110 cargoes to Australia and Eu-
rope, and already 150 tons of California flour has
been sent to Australia, and a few parcels to Chili
even, where most of our stock on hand has come
from. California raises quite enough wheat now
to supply the home consumption of flour, and
could raise sufficient to export a large quantity if
there was a market. We have also mills enough
to grind all the wheat we can raise, so that this
country is quite independent of foreign supplies.
Several mercantile failures have occurred since
last mail, but the amounts are not very serious ; or,
to speak tnore correctly, the loss is not thought se-
rious, because it fells chiefly upon foreign capital.
Money sent here, as it has been sent, and is being
sent, for " investment," shares the fate of goods
sent in excess. The result is loss. " Investment,"
indeed ! It is an "investment," and of too per-
manent a nature for the unlucky owner who has
been duped into sending his money here, whence
it will never return.

Now that the financial crisis is well over we may
look upon most of our existing banks as pretty se-
cure. The withdrawal of deposits' has, it is true,
so limited the operations of some of them that
their business only covers their expenses for the
present ; but confidence is being restored, and de-
posits are being freely made at such of the ban banks
are deemed stable. Thero is a great scarcity of coi
owing, remotely, to the suspension of coining
opera-
tions altogether for the present, while the Mint
officers are making up, the annual accounts and col-
lecting the "sweep,"
as they call the gold with
'which the furnaces become
operations of the chargedTo got in a
tt ordinaryhtihsegold
and.
ascertain the gains of the establishment it is neces-
sary to demolish the furnaces and then to grind
them and smeltth
em—operations which will sus-
pend the coining of money for about two weeks, to
the great inconvenience of the public. The Mint is
Id the greatest use to this country, and its utility
would be increased were it larger and independent,
instead of being a branch subordinate to the Mint
at Philadelphia, by which its efficiency is so im-
paired that it cannot meet the wants of the com-
munity.
The coinage for the year was :—Gold coined into
456,390 coins of various denominations, of the
value of $7,615,297 ; silver coined into 29,800 h ilf
and. into 122,000 qu trter dollars, $7,660,6,17 ; and
the value of the gold run into bars, of which 2,594
were " unparted" and ei4ht were " refined," was
56,434,065. These bars are chiefly used for.expor•
tation, and the coins for "currency" in tue coun-
try. Besides the foregoing the' Mint ma le a vast
number of assays of gold and silver, but its power
for work is far below the wants of the country,
and two private establishments are in full operation
supplying the public with coin and bars.
Gold dust is very abundant, and fetches from
17 dols. to 18 dols. the ounce, according to quality.
The greater part of the best quality is sent to the
Mint, and it is now becoming difficult to buy much
of so good a quality as will pay for exportation.
Gold bars are selling at Y per cent. discount on
their assayed value. Exchange on France and
England remains without variation. On the At-
lantic the rate, which had partially risen to 3i
during the crisis, is now again at the old rate of 3
per cent. premium on sight draughts.
The accounts from all parts of the mines are in
thehighestdegreefavourable,andenormous amounts
of gold dust are said to have accumulated
in the
mining regions, from the miners having ceased to
deposit with the bankers of late, and
from the
scarcity of coin having limited the
Heavy rains have been falling purchase of dust.
during the last week, which notall
y over the country
iurnish the
miners with An Ample supply
01 water for t
presen

The partial settling which tlok place yesterday was
-
somewhat smoothly conducted. Still cause enough ex-
isted for grumbling. The opinion of many appeared to
be unanimous as to the merits of that good dog, Hold-
fast. The individual who has been talked about as sn- ,
sorely "hit," has made a satisfactory arrangement with
his creditors. His liabilities are said to be increased,
by the defalcations of another well-known person,
The ranks of the " little men" have been thinned.
By the way, the return of a respected Manchester Man,
prepared to meet all claims, was bailed with great cor-
diality, and many were the warm gill::1s of the hand
which he received, accompanied by a hearty and unfeigned
expression of " glad to see you back again, old fellow."
May 29. A FRESH MAN.

SPORTING INTELLIGENCE.

TATTERSALL'S.-MONDAY.

Although the Tuesday after Epsom is held to be the
proper day of settlement of the Epsom accounts, yet a
large amount of money generally changes hands on the
Monday. There was no exception in this respect to-day.
and the prospect which the proceedings revealed was
much brighter than had been anticipated.
Some severe "hits" were talked about, but there is
every probability that in a little time Satisfactory ar-
rangements will be made. Tuesday, however, 'will tell
its own tale.
In the intervals of paying and receiving
the following
were the only bets that came under our notice :

ASCOT STASES.
sto 1 agst Mr. T. Parr's Mortimer (6 to 1 t).
8 to 1 apt Sir C. Monck's Vandal (taken).
DEBBY.
1000 to 40 apt Lord Derby's Fazzol,tto (taken).
1000 to 40 apt Mr. Bowes's Fly-by-Night (taken).
1000 to 40 at..st Lord Wilton's Dramatist (the colt
by Annandale out of Epilogue) (taken); •
lug his creditors, --
:;gb.einrigAG
preparedAnrY4',so ACCOUNT.
utsoe
lit
In the course of the afternoon the following notices
ELEY
were posted in the room :
him, .all gentlemen indebted to him must pay him the
amount " Mr. Haaa:
"EXMOUTH.
amount due to him upon hie satisfying
"C. G
• Rous.
ailal :1 a:
n

"BETS IMTWEEN HORST'S.
"The opipion of the Committee of Tattfrsall's Rooms
being aplced'the qUestinn tether a bet between bories
in their placeft is Co cnnpidered play or pay,' they are
of opiuion that such bets are P. P., and won in thel
event of either horse obtaining a place by the decisiozi
.of the judge.

" EXMOUTH.
Rous.
"FREDERICK 'Mewling:
"C. GREVILLH: ;
" G. PAxtri..

" May 28."

MANoIIESTEB RACES.
At 450 p.m. on Monday, the ands Mosquito
Was scratched for the Union Cup, rchioness for
the Tradesmen's Cop.

We are requested to state that subscriptions are re.
ceived by the Messrs. Tattersall on behalf of Charles
Marlow, the jockey, who had the misfortune to be
thrown in the race for the Oaks, and to sustain, is
consequence, a severe fracture of the left leg. The
min; pane will, no doubt, afford substantial proofs of
their esteem and comminration,